Fees and Charges

Fees and Charges

Fee Structure Overview

The fee structure is designed to reward active traders and clients with substantial holdings. The applicable fee tier is determined by evaluating two primary metrics: (i) cumulative trading volume since account creation, which determines eligibility for the VIP programme and placement within the applicable VIP sub-tier; and (ii) current asset holdings, assessed on a daily snapshot basis as further described below. Fee tiers are recalculated daily to ensure users always benefit from their most favourable tier.

Determining Your Fee Tier

Users are categorized as either regular or VIP tier. Your tier is calculated using two primary metrics:

• Trading Activity: The total value of your executed trades across all supported instruments since account creation, denominated in USD.
• Asset Holdings: The USD-equivalent value of digital assets maintained in your account, calculated using the higher of either your current daily snapshot or your 30-day average holding.

To qualify as a VIP program you must reach a minimum of $250K in trading volume since signup.

The VIP tier is divided into three sub-tiers. These tiers are determined by the trading volume the customer has accumulated since signup, and they are as follows:

• Silver: traders who accumulate $250K to $500K in trading volume since account creation are part of the Silver Tier.
• Gold: traders who accumulate $500K to $1M in trading volume since account creation are part of the Gold Tier.
• Platinum: traders who accumulate over $1M in trading volume since account creation are part of the Platinum Tier.

Where your trading activity and asset holdings qualify you for different tiers across various product categories, you will automatically receive the benefits of the highest tier achieved across all trading instruments on our platform.

Fee Schedule (USDT pairs)

Multiple Accounts

Where a single user has multiple trading accounts on the Rain Platform, the applicable fee level is determined based on the combined activity and asset balances across all related accounts, with all linked accounts benefiting from the same applicable fee tier. When a new sub-account is activated, the corresponding fee level will be applied automatically once the system updates the account configuration (typically within the same business day).

Calculation of Trading Volume

Trading activity is assessed since account creation. The system determines the notional USD value for each completed trade by multiplying the traded quantity by the asset's closing price in USDT and converting that amount to USD using the USDT/USD daily reference rate. This aggregated value determines both fee tier qualification and volume-based rebates.

Example: If 1 ETH is purchased at a daily closing price of 4,000 USDT and the USDT/USD rate is 1.0001, the trade's notional value is 4,000.4 USD.

Daily Asset Valuation

At a fixed daily snapshot time [12:00 AM GST], the platform records the quantity of each asset held across all trading, margin, and funding accounts, with borrowed or lent assets excluded. The valuation is calculated using the previous day's closing rate versus USDT, then converted to USD using the daily USDT/USD reference rate. The higher value between the current snapshot and the 30-day average is used for fee-tier purposes.

Maker and Taker Definitions

Maker orders add liquidity to the order book (they remain pending until matched), while Taker orders remove liquidity by immediately matching against existing orders.

Example: If the best sell price for BTC is 1,000 USDT and you submit a buy order at 999 USDT, it will rest in the order book and classify as a maker order when executed. Conversely, a market buy executed immediately at 1,000 USDT is a taker order.

Margin Trading Fee Structure

The trading fee is calculated when an order is filled and depends on whether the trader acts as a maker or taker.

Formula: Margin trading fee = Fee rate × Trade value (received asset amount or settlement value)

Example: With a maker fee of 0.15% and taker fee of 0.3%:

• Buying 1 BTC at 100,000 USDT (taker): Fee = 0.3% × 100,000 = 300 USDT
• Selling 1 BTC at 100,000 USDT (maker): Fee = 0.15% × 100,000 = 150 USDT

Fees are charged immediately upon execution and reflected in the transaction settlement amount.

When executing client orders, Rain MENA FZE discloses to clients, both prior to execution and in the trade confirmation, the portion of the amount payable by the client that is retained by Rain MENA FZE as fees or commission for the trade.

Negative Fees and Rebates (for VIP Users only)

VIP users may qualify for negative maker fees, resulting in a rebate. Rebates are credited in the settlement currency upon order execution.

Example: If the maker fee rate is -0.002% and the trader sells 1 BTC at 100,000 USDT, the rebate equals 0.002% × 100,000 = 2 USDT, which is added to the trader's balance.

Withdrawal and Settlement Fees

Withdrawal limits and related charges are based on the user's fee tier and calculated daily at [12:00 AM GST], with each withdrawal converted to USD equivalent. Total withdrawals within a 24-hour window must remain within the permitted threshold. If exceeded, additional withdrawals may be paused until the next calculation cycle.

Update Schedule

All margin trading fee tiers and associated rates are recalculated once daily, and any changes take effect between 12:00 AM GST and 01:00 AM GST.

Interest Rates Applicable to Margin Trading Services

Interest Rate Calculation Methodology

Interest accrues hourly from (and including) the hour when credit is advanced, and is added to the Amount Owing at each hour's end, and is payable immediately.

All financing is calculated as follows: interest accrues hourly and is paid or payable immediately upon accrual. The applicable rate is set out in the table below. In case of a variable rate, the methodology for how it is calculated and how it may vary is set out below, and variations will be communicated by the Company in accordance with the Margin Trading Terms and Conditions.

Variable Rate Methodology

Repricing will occur hourly:

Borrowing Rate = Base Rate + Utilization Premium

Where:

• Base Rate = SOFR + Spread, CeFi DeFi blended rate (e.g., Aave, Compound, Venus).
• Utilization Premium = a dynamic component that rises as more of the lending pool is used. This ensures borrowing costs rise steeply when liquidity tightens, prevents over-leverage, and incentivizes repayment or additional deposits.

Formula : 

Where:

• RBase: SOFR + Spread, CeFi DeFi blended rate (e.g., Aave, Compound, Venus)
• U: utilization (borrowed assets / total available)
• Rmin: minimum rate (see table below for the minimum rate for each virtual asset supported)
• β: sensitivity parameter (e.g., 10–15%, slope of our utilization curve)

Interest Rates and Maximum Borrow Limits

The following table shows the Virtual Asset, Minimum Annual Percentage Rate, and Maximum Borrow limits across different user tiers:

Rain MENA FZE restricts margin-eligible Virtual Assets to: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and USD/AED-referenced Virtual Assets as approved by VARA. These Virtual Assets have been assessed as meeting the liquidity requirements to ensure they can be liquidated within six (6) hours or such shorter period as market conditions require.

Regulatory Compliance

The amount of credit extended to a single client for Margin Trading does not exceed one tenth (10%) of the total funds directly or indirectly attributable to Margin Trading by Rain MENA FZE in its Operational Exposure, monitored through risk engine calculations.