Revision of anti-money laundering policy and reshaping discount levels
In anticipation of the Fifth Anti-Money Laundering Directive (AMLD5) which will enter into force in the coming days; in regards to The Rock Trading and its activities, there will be no substantial changes but only a revision of certain formalities and terminologies in the policy, which the user needs to approve once logged in. Moreover, in an effort to keep our trading fees always highly competitive and more convenient compared to others, as of today, 8 January 2020, we have reshaped the discount levels as follows:
Fees will not be changed. (0.2% to 0.02%)
|Trading’s (in euro) commissions generated in the last 30 days||Discount applied||Fees (already discounted)|
|Trading’s (in btc) commissions generated in the last 30 days||Discount applied||Fees (already discounted)|
Even with these minor adjustments, our exchange can still boast the lowest fees compared to all other European exchanges to date.*
As confirmation, let’s compare the fees structure of two well known European exchanges:
Then let’s take a look at our fees:
We can notice that, on The Rock Trading, for example, €175,000 of volume traded in the last 30 days, generates a commission of €350 guaranteeing a 25% discount, thus obtaining a final fee of only 0.15%.
On Bitstamp exchange, €175.000 of volume traded in the last 30 days guarantees 0.24%.
On Kraken exchange, €175.000 of volume traded in the last 30 days guarantees 0.12% (for maker) and 0.22% (for taker).
Note that, to market-makers able to guarantee liquidity and an attractive spread, we offer discounts and ad hoc incentives. Those interested in becoming one can contact us at firstname.lastname@example.org.
*The fees of other exchanges used to make the comparison, refer exclusively to the month of January 2020 and may change over time.