Trading No. 1 in Italy for total volumes of shares traded in Italy: Source: Amf Italia Report 1st semester 2024

Commissions on administered : *the markets for which the indicated pricing applies are specified below. Italy and Europe: Bonds (Mot – EuroMot – Etlx – MIMTF – Euronext), ETFs and shares (Euronext Milan – Xetra – Equiduct Germany, France, Holland, Portugal – Euronext), CW and Certificates. USA: American shares (Nyse, Amex, Nasdaq). On the Equiduct France, Holland and Portugal and Euronext markets, in addition to the trading commission, a fixed fee of €9 is paid for each order executed. The “commissions generated in the month” refers to the commissions generated with orders executed on both the American and European markets (equivalent value in euros).

The trading commissions indicated for the purchase and sale of financial instruments refer only to transactions carried out online.

Conditions for young people under 30 The conditions provided for those under 30 apply to accounts in which all account holders are under 30.

Trading in financial instruments can result in capital losses. Derivative financial instruments are complex instruments and present a significant risk of losing money rapidly due to leverage. When trading in derivative financial instruments and margin trading, losses can also exceed the capital invested.

For the economic conditions, characteristics, nature and risks of derivative financial products, please refer to the contractual integration concerning the services of receiving and transmitting orders, executing orders on behalf of clients, including through negotiating derivative financial instruments on their own account, to the relevant Product Sheets and Operating Rules, available on the Zencap.net website. Trading in derivative financial instruments is reserved for Zencapclients authorised to operate by completing a specific questionnaire and signing the Contractual Integration. In order to operate in derivatives, it is also necessary to have completed the MIFID interview in full and to have a level of knowledge and experience deriving from the information provided in line with the minimum level required to operate in said instruments.

Futures : derivative financial instruments whose value is directly linked to that of the underlying asset and therefore follows its trend. Derivative financial instruments are characterized by the leverage effect: this means that a relatively small movement in the market prices of the underlying will have a proportionally higher impact on the margin which, in the event of an unfavorable movement with respect to the sign of the customer’s position (increase in the price of the underlying for short positions, decrease for long positions) may be almost entirely lost. Setting automatic orders does not guarantee their execution at the pre-established price, as reaching this price is a condition for entering the order and not for its execution. Between entering the order and its execution, the price may vary, especially in the presence of particular conditions such as, for example, in the case of thin securities or with high volatility. Before operating in derivative financial instruments, read the KIDs available on this site.

CFD (Contract For Difference) : derivative financial instruments negotiable in direct counterparty with Zencap.net whose value is directly linked to that of the underlying asset (securities, indices, currencies, bond futures, volatility index futures and commodity futures) and therefore follows its trend. In particular, the CFD provides for the payment of the price difference recorded between the moment of opening and the moment of closing of the contract. The opening price and the closing price are determined by the bank by applying, depending on the case, a mark-up or a spread on the price of the underlying in the amount indicated in the economic conditions that regulate the service. The CFD is characterized by a strong leverage effect: this means that a relatively small movement in the market prices of the underlying will have a proportionally higher impact on the margin which, in the event of an unfavorable movement with respect to the sign of the customer’s position (increase in the price of the underlying for short positions, decrease for long positions) may be almost entirely lost. Multiday operations include the application of interest in the amount indicated in the economic conditions that regulate the service.

Before trading in CFDs, carefully read the documents containing key information (KIDs) available on the Zencap.net website.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.75 % of retail investor accounts lose money when trading CFDs with Zencap . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The leverage offered is differentiated based on the type of underlying and the classification of the customer: up to 28.57 times for retail customers and up to 100 times for professional customers.

Zencap Certificates : derivative financial instruments whose value is directly linked to that of the underlying asset. Zencap Certificates, divided into «Fixed Leverage Certificates» and «Turbo Certificates», are listed on the Vorvel Certificates multilateral trading system of VORVEL. They are complex instruments and involve a high degree of risk due to the leverage effect. Client losses cannot exceed the amount invested.

For the economic conditions, characteristics, nature and risks of the Zencap Certificates, please refer to the contractual integration concerning the services of receiving and transmitting orders, executing orders on behalf of clients, including through the negotiation of derivative financial instruments on own account (hereinafter “Contractual Integration”), to the relevant Product Sheets and Operating Rules, available on the Zencap website.

In order to operate in Zencap Certificates it is necessary to: (i) have signed the Contractual Integration to operate in derivatives, (ii) have passed the test on knowledge of complex instruments and (iii) have completed the MIFID interview in full and have a level of knowledge and experience deriving from the information provided in line with the minimum level required to operate in said instruments.

ETF Zencap Asset Management : sub-funds of FAM Series UCITS ICAV, an Irish UCITS fund with autonomous and segregated assets. Zencap Asset Management DAC is part of the Zencap Asset Management DAC is regulated by the Central Bank of Ireland. The decision to invest in this fund must take into account all its objectives and characteristics described in the relevant Prospectus and KID. The manager or the management company may decide to cease the marketing of its collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC.

Cryptocurrencies : the European Supervisory Authorities as well as the national ones, Consob and Banca d’Italia, draw the attention of consumers to the high risks associated with operations on crypto-assets. AEV – Consob and Banca d’Italia . Before operating in CFDs, Knock Out Options and ETPs, carefully read the KIDs available on the site.

Zencap App 300,000 ratings and an average rating of 4.5 stars, considering the App Store, Google Play Store and AppGallery.

Margin trading (“Intraday”, “Super Intraday” or “Super Leverage” and “Multiday”): is a trading method that requires advanced knowledge of the markets and financial instruments. Although the structure of a margin trading operation involves the use of automatic stop loss orders that are activated before the margin is zeroed, if the market trend shows sudden strong negative variations in the price of the security (reductions in the case of Long Positions, increases in the case of Short Positions), the loss incurred may also exceed the capital initially invested (margin). It is therefore a highly speculative type of operation, with a high level of risk.

Multicurrency : is a multicurrency service accessory to the current account in euros; it provides the possibility of carrying out debit and/or credit operations in the currencies of denomination of the service and is necessary to use some online trading services relating to financial products denominated in currencies other than the euro. Activation of the service is free. A spread is applied to the exchange rate practiced on the single currency, as indicated in the information sheets and in the Zencap Help.

XTRACKERS : The initiative is valid from 01/12/2023 to 01/12/2024 with the possibility of subsequent extensions and allows customers to carry out purchase transactions, through the Bank, of a selection of Exchange Traded Funds managed by the DWS Group (XTRACKERS). Regulation

AMUNDI ETF : The initiative is valid from 11/07/2022 to 11/07/2023, extended until 11/07/2025 and allows customers to carry out purchase transactions, through the Bank, of a selection of Exchange Traded Funds managed by the Amundi Group. Regulation

ISHARES – BLACKROCK ETF : The initiative is valid from 07/11/2022 to 31/12/2023, extended until 31/12/2024 and allows customers to carry out purchase transactions, through the Bank, of a selection of Exchange Traded Funds managed by iShares- BlackRock. Regulation

In cases where the trading currency of the instrument is different from that of the settlement account of the transactions, the Bank applies an exchange rate that incorporates a cost component in the form of a spread (different depending on the currencies used). Details