Commitment to MiFID II Compliance
At Max Harbour Trading, we adhere to the Markets in Financial Instruments Directive II (MiFID II) to ensure transparency, investor protection, and market integrity. This page outlines our compliance with MiFID II and how it benefits our clients.
Understanding MiFID II
MiFID II is a comprehensive regulatory framework designed to improve the functioning of financial markets and enhance investor protection. It aims to increase transparency, reduce conflicts of interest, and ensure fair and efficient trading practices across the EU.
Client Classification
Under MiFID II, we classify clients into three categories to tailor our services and protection levels:
- Retail Clients: Offered the highest level of protection, with comprehensive disclosures and suitability assessments.
- Professional Clients: Provided with a lower level of protection, suitable for experienced investors who understand the risks.
- Eligible Counterparties: Granted the least level of protection, typically large institutions or sophisticated investors with extensive market knowledge.
Ensuring Optimal Trade Execution
We are committed to executing orders on behalf of clients in the best possible way. Our Best Execution Policy outlines the measures we take to achieve the best possible result, considering factors such as price, costs, speed, and likelihood of execution.
Conflicts of Interest
MiFID II requires us to identify, manage, and disclose any conflicts of interest that may arise. Our Conflicts of Interest Policy ensures that your interests are prioritized, and potential conflicts are mitigated effectively.
Transparency and Reporting
Transparency is a key element of MiFID II. We provide clear and comprehensive reporting on all transactions, including pre-trade and post-trade information, to ensure you have a complete understanding of your investments.
Suitability and Appropriateness
We conduct thorough suitability assessments to ensure that our investment products and services match your financial situation, investment objectives, and risk tolerance. For complex products, we also assess the appropriateness to ensure you understand the associated risks.
Costs and Charges Disclosure
MiFID II mandates full disclosure of all costs and charges associated with our services. We provide detailed information on fees, commissions, and other expenses to ensure complete transparency and help you make informed decisions.
Product Governance
Our Product Governance framework ensures that all financial products are designed to meet the needs of their target market. We regularly review and monitor products to ensure they remain appropriate and perform as expected.
Investor Protection Measures
MiFID II introduces various measures to protect investors, including enhanced disclosure requirements, stronger conduct rules, and stricter governance standards. These measures are designed to provide a secure and fair investment environment.
Inducements and Incentives
We adhere to MiFID II regulations regarding inducements to ensure that any fees, commissions, or non-monetary benefits received do not conflict with your best interests. Full disclosure of such inducements is provided to maintain transparency.
Maintaining Accurate Records
In compliance with MiFID II, we maintain detailed records of all transactions, client communications, and investment advice. This ensures accountability and enables us to respond efficiently to any queries or regulatory requirements.
Updates to Our MiFID II Disclosure
We may update this MiFID II Disclosure page to reflect changes in regulatory requirements or our practices. We encourage you to review this page regularly to stay informed about how we comply with MiFID II and protect your interests.
Get in Touch
If you have any questions or need further information about our MiFID II compliance, please contact us, we are here to provide clarity and ensure your investments are managed with the highest standards of transparency and integrity.
19F Exchange Tower, 130 King Street West,
Toronto, Ontario,
Canada