MiFID Disclosure

MiFID Disclosure

  1. About Our Role as a Tied Agent
  • J. Knobel Investor Services Limited operates as a tied agent of Mega Equity Securities and Financial Services Public Limited, an investment firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 011/03.
  • As a tied agent, we are authorized to offer investment advice and reception and transmission of orders (RTO) services. However, we do not hold or control client funds or assets. All orders are executed by our principal firm, Mega Equity Securities and Financial Services Public Limited.
  • Our services are provided under the supervision and responsibility of Mega Equity Securities and Financial Services Public Limited, which ensures compliance with MiFID II requirements.
  1. Key MiFID II Disclosures

2.1 Investor Protection

  • As a client of J. Knobel Investor Services Limited, you are entitled to the protections provided by MiFID II. This includes ensuring that our investment advice and services are suitable for your financial circumstances, objectives, and risk tolerance.
  • Our investment advice may be either independent or non-independent:
    • Independent advice: Covers a wide range of financial instruments from various providers.
    • Non-independent advice: Involves recommending a limited selection of financial products or model portfolios that may be restricted in scope.
  • We will always disclose the nature of our advice (independent or non-independent) before providing any recommendations.

2.2 Suitability Assessment

  • Before offering any investment advice, we conduct a suitability assessment to ensure that the financial instruments we recommend align with your investment objectives, financial situation, and risk tolerance.
  • You will be required to provide information on your financial knowledge, investment experience, ability to bear losses, and investment horizon as part of the suitability assessment process. Failure to provide complete and accurate information may affect the quality and appropriateness of our advice.

2.3 Best Execution

  • As a tied agent, we do not execute trades ourselves. Instead, we transmit your orders to Mega Equity Securities and Financial Services Public Limited, which executes them in accordance with their Best Execution Policy.
  • Best execution ensures that your orders are executed on the most favorable terms possible, taking into account price, costs, speed, and likelihood of execution.

You can review Mega Equity Securities and Financial Services Public Limited Best Execution Policy for more details.

2.4 Conflicts of Interest

  • We are committed to identifying and managing any conflicts of interest that may arise during the course of our business. Our Conflicts of Interest Policy is designed to ensure that we act in your best interests and provide transparent advice.
  • Any potential conflicts between our interests, those of Mega Equity Securities and Financial Services Public Limited, and our clients will be disclosed to you as necessary.

You can review our Conflicts of Interest Policy.

  1. Client Categorization

Under MiFID II, clients are categorized into three main types to ensure appropriate levels of protection and services:

  1. Retail Clients: Given the highest level of investor protection.
  2. Professional Clients: Considered more experienced and given a lower level of protection.
  3. Eligible Counterparties: The least protected, typically large institutions or entities.

When you onboard with Mega Equity Securities and Financial Services Public Limited, you will be categorized based on your investment experience and knowledge. This classification may affect your access to certain protections and services under MiFID II.

  1. Costs and Charges
  • J. Knobel Investor Services Limited charges a commission of 0.6% for the services we provide. No additional commissions are added when your orders are transmitted to our principal firm for execution.
  • For a full breakdown of all fees and charges associated with your brokerage account, please refer to Appendix D of the MIFID Account Opening Form.
  • Transparency in costs is a critical requirement under MiFID II, and you will receive detailed information on all costs associated with your investments, including trading fees, administrative fees, and taxes (if applicable).
  1. Investor Compensation Fund (ICF)

As clients of Mega Equity Securities and Financial Services Public Limited, you may be entitled to protection under the Investor Compensation Fund (ICF). The ICF provides compensation to retail clients if the investment firm fails to fulfill its obligations.

You can find more information about the ICF and your eligibility here.

  1. Complaint Handling Process

We are committed to providing a high level of service, but if you are dissatisfied, you have the right to make a formal complaint.

  • All complaints will be handled in line with our Complaints Handling Procedure.
  • You can submit complaints via our online complaint form available at complaints form or by contacting us directly at complaints@jknobel.com.

Mega Equity Securities and Financial Services Public Limited is responsible for handling any complaints related to the execution of trades or other services they provide.

  1. Communication and Reporting
  • As required by MiFID II, we will provide you with periodic reports on your portfolio and investments. These reports will be made available in a durable medium such as email or PDF files.
  • You will also receive confirmation of transactions executed on your behalf, ensuring transparency in the handling of your orders.
  1. Risk Warnings

Investing in financial instruments involves risk, and past performance is not indicative of future results. The value of investments can go up as well as down, and you may lose some or all of your invested capital.

Before making any investment decision, please carefully consider the associated risks and consult our Risk Disclosure page.

  1. Record-Keeping and Data Protection
  • All client records, including your suitability assessment, transactions, and reports, will be kept for a minimum of 5 years in accordance with MiFID II and CySEC regulations.
  • We take data protection seriously. All personal data is processed in line with GDPR and other relevant regulations. Please refer to our Privacy Policy for more details on how we handle your data.
  1. Contact Information

For any inquiries regarding our MiFID disclosures, you can reach us at:

J. Knobel Investor Services Limited
Email: info@jknobel.com
Phone: +357 22 258 790
Address: 55 Vyzantiou Street, Nicosia 2064 Cyprus

Related Documents

Tied Agent Disclosure Document

MiFid ii Reception and Transmission of Orders Policy

MiFiD ii Client Categorization Information

MiFiD Differences in Client Protections

Conflicts of Interest Policy

MiFiD Categorization Upon Request

MiFiD ii Complaint Policy

MiFiD ii Privacy Notice

MiFiD ii Product Governance Policy

MiFid ii Investor Compensation Fund