Author: Livia Tay, MY
Last Updated: April 7, 2025
This chapter outlines the fees, commissions, charges, and tax obligations related to the services provided by Lirunex. Clients are advised to stay informed about cost structures and their own responsibilities to ensure compliance and avoid unexpected charges.
Commissions, Charges, and Other Costs
1. Commissions and Charges
1.1. Clients must pay the Company all commissions and charges as stated in the commercial terms or any additional terms agreed upon from time to time.
1.2. The Company may update the commercial terms periodically, with notice to the Client where possible. Clients are responsible for checking and accepting the latest terms.
1.3. The Company may also charge the Client separately for:
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(a) Extraordinary disbursements resulting from the Client relationship (e.g. telephone, courier, postal expenses) when hard copies are requested instead of electronic delivery.
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(b) Costs caused by the Client’s failure to meet obligations, such as legal fees or reminder forwarding charges.
2. Third-Party Commissions
2.1. The Company may receive or share commissions and charges with:
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Associates
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Liquidity providers
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The Client’s Referral Partner or Fund Manager
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Other related third parties
2.2. The Company or its associates may earn additional remuneration (e.g. mark-ups or commissions) when acting as a counterparty in a transaction.
3. Payment and Deductions
3.1. Unless stated otherwise, all amounts owed to the Company, Fund Manager, or Referring Partner can be deducted directly from funds held by the Company for the Client.
3.2. If the Company receives payments in a currency different from the one due, the Client shall:
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Indemnify the Company for any conversion losses or costs.
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Cover any exchange rate differences or related losses suffered by the Company.
Tax Matters
4. Tax Obligations
4.1. The Company does not provide tax advice. Clients are responsible for obtaining independent tax guidance on their own.
4.2. If changes in tax law require the Company to withhold taxes related to your account or transactions, we may:
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Deduct the tax amount from your account; or
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Request reimbursement from you directly.
4.3. If the Client provides false tax information or fails to comply with tax obligations, the Company reserves the right to: -
Terminate the Client’s account
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Liquidate any open positions held by the Client
Clients must remain informed of all cost-related responsibilities, including commissions, third-party fees, and tax obligations. Failure to comply with these obligations may result in additional charges, account termination, or liquidation of positions.