Tied Agent of Mega Equity Securities & Financial Services Public Limited
Mega Equity is a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC), License No. 011/03.
J. Knobel Investor Services Limited operates as a tied agent under the Markets in Financial Instruments Directive II (MiFID II, Directive 2014/65/EU), as transposed into Cyprus Law 87(I)/2017, and is registered in accordance with MiFID II Article 29. All services are provided under the full responsibility and regulatory oversight of Mega Equity. Clients engaging with J. Knobel contract directly with Mega Equity, as the tied agent acts as an extension of the firm.
This disclosure provides comprehensive, transparent, and fair information about all costs and charges associated with our services, in compliance with MiFID II, CySEC directives, and ESMA guidelines. It includes both ex-ante (pre-service) and ex-post (annual) cost disclosures to ensure clients can make informed decisions.
J. Knobel Investor Services Limited is authorized to provide the following regulated investment services on behalf of Mega Equity:
All client accounts, transactions, and financial instruments are maintained by Mega Equity. J. Knobel does not hold client funds or financial instruments, ensuring compliance with MiFID II and CySEC regulations.
The following commissions apply to regulated investment services. Commission rates are negotiated between the client and J. Knobel (acting on behalf of Mega Equity) based on clear criteria to ensure fairness and alignment with clients’ best interests.
Service | Commission Range | Criteria for Rate Determination | Notes |
|---|---|---|---|
Online Trading & Order Taking | 0.10% – 1.00% | Based on transaction size, market complexity (e.g., Cyprus, Athens, or international markets), and frequency of trades. Lower rates apply to larger transactions or frequent trading; higher rates apply to smaller or complex trades requiring additional execution support. | Applies to trades on regulated markets, including equities, bonds, and ETFs. |
Investment Advice | 0.30% – 1.00% | Based on portfolio size, complexity of advice (e.g., single asset vs. diversified portfolio), and client risk profile. Lower rates apply to larger portfolios or simpler advice; higher rates apply to smaller portfolios or tailored strategies requiring in-depth analysis. | Based on the value of the transaction or portfolio advised. |
Commission ranges allow flexibility to tailor fees to each client’s specific needs, ensuring J. Knobel acts in the best interests of clients as required by MiFID II Article 24. Flexible rates account for:
This approach complies with ESMA’s guidelines on investor protection, which emphasize that fees must be proportionate and not undermine client outcomes. Before agreeing to services, clients receive a personalized cost estimate based on these criteria, ensuring transparency and informed decision-making.
Commissions are charged by Mega Equity and shared with J. Knobel as remuneration for services provided. To manage potential conflicts of interest (MiFID II Article 24(10)):
The following fee applies to non-regulated services provided by J. Knobel, distinct from Mega Equity’s regulated services:
Fee Type | Amount | Includes | Notes |
|---|---|---|---|
One-Off Account Onboarding Fee | €250 | One personalized financial plan from the following options: | Charged directly by J. Knobel. Does not include investment advice unless separately agreed. *Note: Mega charges a flat on-off fee of €20 which is separate from the tied agents onboarding fee and deducted from your account directly by Mega once your account is approved and you have funds available in the account. |
Clients may request additional financial plans at any time. Fees are pre-agreed based on complexity:
These fees are disclosed and agreed upon before services are provided, ensuring transparency as per MiFID II Article 24(4).
Additional fees may apply for services such as custody, account maintenance, or corporate actions. These are detailed in Appendix D – Fees, provided to all clients during the account opening process and available on Mega Equity’s website (www.megaequity.com/fees). Key examples include:
Appendix D is updated regularly to reflect any changes and complies with the European Single Electronic Format (ESEF) for accessibility, as per the Transparency Directive (2004/109/EC).
To ensure clients understand the effect of costs on their investments (per ESMA guidelines), the following example illustrates the impact of commissions and fees:
Clients receive personalized cost projections before engaging services and annual ex-post disclosures detailing all costs incurred (in monetary terms and percentages), as required by MiFID II Article 24(4).
For a complete fee schedule or to request Appendix D, contact:
This disclosure is reviewed regularly to ensure ongoing compliance with EU and Cyprus regulations. Last updated: July 8, 2025.