Investments via ABB mobile!

Easy access for everyone!

For now, only selected stocks, mutual funds and ETFs/ETNs registered in the United States can be traded through the «Investment» section of the ABB mobile app. In the near future, it will also be possible to trade financial derivatives (futures and options) for hedging and other purposes.

Securities purchased through the ABB Mobile application are directly booked in your name through the account opened by our partner DriveWealth LLC. DriveWealth LLC is a registered broker-dealer providing investment services under the supervision of Securities and Exchange Commission, a government body overseeing capital markets in the United States.

DriveWealth LLC, a partner of ABB-Invest, is a member of the Securities Investor Protection Corporation (SIPC), which operates in the United States and is established to protect the assets of clients of investment companies. As a result of the bankruptcy of investment companies that are members of SIPC, up to $500,000 of client assets (securities and cash held in client accounts) are insured by SIPC. Please, be informed that this insurance covers the loss of assets as a result of the broker’s bankruptcy. SIPC’s insurance is not intended for and does not cover market risk of the securities (loss of market value) and/or credit risk of the issuers (default and other similar events).

A stock is a security representing the investor's share in the equity capital of companies established in the form of joint-stock companies (companies that have issued publicly traded shares). By buying the stocks of the mentioned companies, you become a shareholder of those companies and as a shareholder you get the following rights:

a) To participate in the meetings of the company's shareholders and to vote on the issues included in the agenda at these meetings;

b) To receive your share of dividends paid by the company to its shareholders;

c) To receive your share as a result of the distribution of assets remaining after all debts have been paid when the company is liquidated.

A share of an investment fund is a security representing ownership of shares in investment funds created for the purpose of collective investments in stocks and other types of assets. There are two main types of investment funds: a) ordinary (traditional) investment funds (mutual funds); and b) exchange traded investment funds (ETF - exchange traded funds). These investment funds are created and managed by asset management companies (asset managers), professional participants of the capital market. Instead of building and managing individual investment portfolios, by acquiring a share of an investment fund, investors benefit from:

a) Knowledge and experience of professional asset managers;

b) Minimization of investment risks due to wider diversification and hedging strategy;

c) Saving transaction costs and time spent on managing investment portfolios;

d) Being able to get exposure to “big ticket” stocks through investmen fund which is otherwise not accessible due to small amount of investable amount at the disposal of the investor.

ADR (American Depository Receipt) is a depository receipt used for trading securities of issuers of foreign countries in the United States. ADRs are issued mainly for stocks and are denominated in US dollars, regardless of the currency of the issuer's country of residence. ADR represents ownership of one or more stocks of a foreign issuer, and information about this is reflected in the ADR description. Two factors affect the price of ADR:

a) The price of original stocks in the currency of the foreign country;

b) The exchange rate of the US dollar against the national currency of the foreign country.

While you trade through the ABB Mobile app, you can also buy a certain fraction of a stock. For instance, the market price of an Apple’s stock is $196.20, and the cash in your account is only $60. You can buy 0.3058 piece of Apple’s stock for this amount ($60 / $196.20 = 0.3058). Please, be informed that fractional stocks can be purchased and sold only by submitting BUY MARKET and SELL MARKET orders respectively.

To make a purchase, you must first determine the price and quantity of the security you want to buy (stock or investment fund’s share) and make sure that you have sufficient funds in your investment account. You can top up your investment account’s cash balance from your current or card accounts opened with ABB Bank. Then you need to enter the trading symbol (ticker) of the relevant stock or mutual fund share (ETF, mutual fund) in the search window. When the stock or investment fund share you want to buy is found (if it is in the list of securities offered for trading), you can submit your purchase order by choosing one of the following order types:

• LIMIT (BUY LIMIT);

• MARKET (BUY MARKET);

• STOP (BUY STOP);

• MARKET-IF-TOUCHED (BUY MARKET-IF-TOUCHED).

For more information about these order types, please see the "ABOUT ORDER TYPES" section.

You can only sell securities available in your investment accout. To carry out a sale transaction, you must first determine the price and quantity of the security you want to sell (stock or investment fund’s share). After that, you can choose the stock or investment fund share (ETF, mutual fund) you want to sell from your portfolio and submit your sell order choosing one of the following order types:

• LIMIT (SELL LIMIT);

• MARKET (SELL MARKET);

• STOP (SELL STOP);

• MARKET-IF-TOUCHED (SELL MARKET-IF-TOUCHED).

For more information about these order types, please see the "ABOUT ORDER TYPES" section.

Yes, there are two types of trade restrictions:

• “Pattern Day Trader” restriction;

• Restriction related to settlement of sale operation.

“Pattern Day Trader” restriction: According to US trading rules, if "Pattern Day Trader" signs are detected in the transactions carried out on the investor's (client's) account, the trading operations of that client are restricted. If a client buys and sells the same security within a trading day and this action is repeated more than 3 times in 5 consecutive trading days, that client is registered as a "Pattern Day Trader". The "Pattern Day Trader" restriction applies only to clients whose account has cash and/or securities with a market value of less than $25,000.

Restriction related to settlement of sale operation: When a stock trade takes place in the US, settlement (the exchange of money and securities between the buyer and the seller) is completed within 2 business days after the trade day. However, once the sale is completed, the cash from the sale is immediately reflected in your investment account. You can use these funds to buy another security. However, until the settlement period (2 business days) expires, the sale of the new security you bought with funds from the previous sale is restricted.

Trading days are days that are considered business days in the United States. Trading hours are the hours during which the main trading session of US stock exchanges is open on a trading day. The main trading sessions of the US stock exchanges are open from 9.30 am to 4.00 pm US EST time (GMT - 4 hours).

Currently, the pre-market order remains on hold and is executed when the main session of the exchange opens. In the near future, it will be possible to trade outside the main session of the stock exchange.

BUY LIMIT – in order to place this order, you need to specify two parameters: the amount (fractional number of stocks are not accepted for limit orders) of the security you want to buy and the maximum price (this price is considered as the limit price). After your order is submitted through the system, the order execution algorithm compares the market price of the security you want to buy with the limit price you specified. If the price of sell orders in the market is equal to or less than your limit price, your order will be executed according the "best price principle". With respect to buy orders, the "best price principle" is the principle of matching (executing against) your buy orders in terms of price with the best selling price available in the market.

You should be aware that the BUY LIMIT order may be fully or partially executed, or may not be executed at all. The execution of your order depends on the availability of counter orders with suitable price in the market, i.e. sell orders, as well as the volume (quantity) of securities offered to be sold via these sell orders. If the amount of securities offered via sell orders that are matched with your buy order in terms of the price is less than the amount you want to buy, then your buy order will be partially executed and the unexecuted part of your order will be in the pending mode until sufficient amount of counter orders with the appropriate price are placed for trade.

Example 1: BUY LIMIT order is fully executed

You intend to buy 10 common stocks of Apple Inc. (ticker: AAPL) for $180. You specify 10 units as the quantity, $180 as the limit price and submit a BUY LIMIT order into the system. The current sell orders in the market are:

• 11 AAPL stocks are offered at $180 per stock;

• 2 AAPL stocks are offered at $179.50 per stock;

• 1 stock of AAPL is offered at $178 per stock.

The order execution algorithm will fully execute your order as following:

• 1 AAPL stock will be bought for $178 per stock (1st transaction);

• 2 AAPL stocks will be bought for $179.50 per stock (2nd transaction);

• 7 AAPL stocks will be bought for $180 per stock (3rd transaction).

During the execution of your order, 3 transactions will take place at different prices and 10 AAPL stocks will be purchased in your name. As a result of these transactions, $1797 ($178x1+$179.50x2+$180x7=$1797) will be debited from your investment account in addition to the commission.

Example 2: BUY LIMIT order is partially executed

You intend to buy 10 common stocks of Apple Inc. (ticker: AAPL) at $180. You specify 10 units as the quantity, $180 as the limit price and submit a BUY LIMIT order into the system. The current sell orders in the market are:

• 13 AAPL stocks are offered at $181.50 per stock;

• 5 AAPL stocks are are offered at $180 per stock;

• 3 AAPL stocks are offered at $179.40 per stock.

The order execution algorithm will fully execute your order as following:

• 3 AAPL stocks will be bought for $179.40 per stock (1st deal);

• 5 AAPL stocks will be bought for $180 per stock (2nd deal).

During the execution of your order, 2 transactions will take place at different prices and 8 AAPL shares will be purchased in your name. As a result of this transaction, $1438.2 ($179.40x3+$180x5=$1438.20) will be debited from your investment account in addition to the commission. The unexecuted part of the order (2 AAPL stocks) will remain pending and will not be completed until there are sell orders with enough quantity offered and price equal to or below your limit price.

Example 3: BUY LIMIT order is not executed

You intend to buy 10 common stocks of Apple Inc. (ticker: AAPL) at $180. You specify 10 units as the quantity, $180 as the limit price and submit a BUY LIMIT order into the system. The current sell orders in the market are:

• 12 AAPL stocks are offered at $184.25 per stock;

• 9 AAPL stocks are offered at $182 per stock;

• 18 AAPL stocks are offered at $181.50 per stock.

Since the prices of sell orders in the market are higher than the limit price you specified ($180), your order will not be executed and will remain pending until there are sell orders with enough quantity offered and price equal to or below your limit price.

BUY MARKET – in order to place this order, you need to specify either the amount of the securities in quantity (for example – 10 stocks) or the amount of investment in monetary terms (for example – $1800). A BUY MARKET order is executed based on the principle of "best price", the principle of matching your sell order with the best buy orders in the market with respect to price. As such orders do not have a limit price, they are usually executed immediately (provided that there are enough counter offers, i.e. sell orders, available in the market for the quantity or investment amount specified in your order). Despite immediate execution and adherence to the “best price principle”, when placing BUY MARKET orders, you should take into account the risk that the order might be executed at unfavorable prices well above the market price observed at the moment when the order was placed.

Example: Execution of BUY MARKET order

You intend to buy 10 stocks of the Apple Inc. (ticker: AAPL) and notice that the price is fluctuating around $180 per stock. You believe that the current market price of the stock ($180) is a reasonable for investment and decide to buy these stocks in an urgent manner. You submit a BUY MARKET order through the system by specifying 10 units as the quantity. The current sell orders in the market are:

• 15 AAPL stocks are offered at $192 per stock;

• 6 AAPL stocks are are offered at $181.70 per stock;

• 1 AAPL stock is offered at $180 per stock.

The order execution algorithm will fully execute your order as following:

• 1 AAPL stock will be bought for $180 per stock (1st transaction);

• 6 AAPL stocks will be bought for $181.70 per stock (2nd transaction);

• 3 AAPL stocks will be bought for $192 per stock (3rd transaction).

During the execution of your order, 3 transactions will take place at different prices and 10 AAPL stocks will be purchased in your name. As a result of this transaction, $1846.20 ($180x1+$181.70x6+$192x3=$1846.20) will be debited from your investment account in addition to the commission.

BUY STOP – this order type combines the features of two main order types, i.e. LIMIT and MARKET orders, and is intended for the implementation of a certain trading strategy for investors who do not want or have the enough time to follow the market prices continuously. A BUY STOP order is mainly used by investors who expect the price of a security (stock or investment fund share) to increase after reaching a certain level. When placing this order, two main parameters must be defined: the amount of the security you want to buy (or investment amount you have allocated for this investment) and the target price. When the market price of the security increases and reaches the target price, this order converts to BUY MARKET order and is executed appropriately according to the conditions of the BUY MARKET order.

Example: Execution of BUY STOP order

You intend to buy 10 common stocks (ticker: AAPL) of the Apple Inc. The current market price of this stock is $180, and you are hesitant to buy AAPL stocks at the current price with LIMIT and MARKET orders, fearing the risk that the price will remain at this level for a long time or even fall. You assume that if the price of AAPL stock rises to $185, the price will continue to increase and reach higher levels. But you do not have time to constantly watch the price of AAPL to see if it reaches the target price and trade accordingly. In this case, you can place a BUY STOP order into the system and specify the quantity at 10 units (or investment amount at $1850) and target (limit) price at $185. If the price of AAPL rises to $185, the order execution algorithm will place a MARKET order on your behalf at that moment and likely buy 10 AAPL stocks at a market price of around $185. It is worth noting that this order does not guarantee you will buy exactly 10 stocks of AAPL at $185 or better (lower price). The algorithm simply waits for the market price to reach $185 and as soon as any transaction closes at $185, it places a BUY MARKET order on your behalf. The price and quantity of securities being bought will depend on price and quantity of the ask (sell) orders in the market when the price reaches $185 per stock.

BUY MARKET-IF-TOUCHED – this order is similar to a BUY STOP order, but is mainly used to buy securities at relatively lower prices when prices are falling. As with the BUY STOP order, when placing this order into the system, you need to specify two main parameters: the amount of the security you want to buy (or the amount the investment in monetary terms) and the target (limit) price. When the market price of a security decreases and reaches the target price, this order becomes a BUY MARKET order and is executed according to the terms of the BUY MARKET order.

Example: Execution of BUY MARKET-IF-TOUCHED order

You intend to buy 10 common stocks (ticker: AAPL) of Apple Inc. The current market price of this stock is $180, and you assume that the price will fall. You believe that AAPL will drop to $175 and then will increase from that level. To take advantage of this opportunity, you need to watch the price of AAPL stock continuously and wait for it to fall to the target level ($175) or alternatively you can use a BUY MARKET-IF-TOUCHED order. The execution algorithm of the BUY MARKET-IF-TOUCHED order placed with the specified parameters (quantity of 10 units; target price $175) constantly monitors the market price of AAPL shares and waits for its price to fall to $175. If AAPL price reaches $175, the BUY MARKET-IF-TOUCHED order execution algorithm will immediately place a BUY MARKET order on your behalf and buy 10 AAPL stocks at a market price of around $175. It is worth noting that this order does not guarantee that you will be able to buy exactly 10 units of AAPL stocks at $175 or better price. The algorithm waits for the market price to fall to $175 and as soon as it detects ask price in the market at $175, it places a BUY MARKET order on your behalf. The price and quantity of securities being bought will depend on price and quantity of the ask (sell) orders in the market when the price falls to $175 per stock.

SELL LIMIT – in order to place this order, you need to specify two parameters: the amount of the security you want to sell and the minimum price of the sale (this price is considered as the limit price). After your order is submitted through the system, the order execution algorithm compares the market price of the security you want to sell with the limit price specified by you. If the price of buy orders in the market is equal to or higher than your limit price, your order will be executed on the basis of the "best price principle". In relation to the sell orders, the "best price principle" is the principle of matching your sell orders to the best buy orders available in the market. You should be aware that the SELL LIMIT order may be executed in full, executed partially or not executed at all. The execution of your order depends on the availability of counter offers with suitable price in the market, i.e. buy orders, as well as the volume (amount) of securities bidders intend to buy via these buy orders. If the volume of buy orders matching your sell order in terms of price is less than the volume you want to sell, then your sell order will not be fully executed and the unexecuted part of your order will be in the pending mode until sufficient amount of counter orders with the appropriate price are placed for trade.

Example 1: SELL LIMIT order is fully executed

There are 16 Apple Inc. (ticker: AAPL) stocks available in your portfolio. You intend to sell 10 of these stocks for at least $180. You define the quantity as 10 units, the limit price as $180 and place a SELL LIMIT order into the system. Currently the buy orders in the market are:

• Bid for 1 AAPL stock at $179;

• Bid for 3 AAPL stocks at $180 per stock;

• Bid for 8 AAPL stocks at $181.50 per stock.

The order execution algorithm will fully execute your order as following:

• 8 AAPL stocks will be sold at $181.50 per stock (1st transaction);

• 2 AAPL stocks will be sold at $180 per stock (2nd transaction).

During the execution of your order, 2 deals will be concluded at different prices, and as a result of the sale, $1812 ($181.50x8+$180x2=$1812) will be credited to your investment account.

Example 2: SELL LIMIT order is partially executed

There are 16 Apple Inc. (ticker: AAPL) stocks are available in your portfolio. You intend to sell 10 of these stocks for at least $180. You define the quantity as 10 units, the limit price as $180 and place a SELL LIMIT order into the system. The buy orders currently in the market are:

• Bid for 20 AAPL stocks at $178.40 per stock;

• Bid for 14 AAPL stocks at $179 per stock;

• Bid for 7 AAPL stocks $180.5 per stock.

The order execution algorithm will execute your order as following:

• 7 AAPL stocks will be sold at $180.50 per stock.

During the execution of your order, only one transaction will be concluded and as a result of the sale $1263.5 ($180.50x7= $1263.5) will be credited to your investment account. The unexecuted part of the order (3 AAPL stocks) will remain pending and will not be completed until there are buy orders with enough bid quantity and price equal to or higher than your limit price. You can cancel a pending order.

Example 3: SELL LIMIT order is not executed

There are 16 Apple Inc. (ticker: AAPL) stocks are available in your portfolio. You intend to sell 10 of these stocks for at least $180. You define the quantity as 10 units, the limit price as 180 USD and place a SELL LIMIT order in the system. The buy orders currently in the market are:

• Bid for 20 AAPL stocks at $178.40 per stock;

• Bid for 14 AAPL stocks at $ 179 per stock;

• Bid 7 AAPL stocks at $179.98 per stock.

Since the prices of these buy orders in the market are lower than your limit price ($180), your order will not be executed and will remain pending until there are buy orders with enough bid quantity and price equal to or higher than your limit price.

SELL MARKET – to place this order, you need to specify only one parameter, that is, the amount of the security you want to sell. A SELL MARKET order is executed based on the principle of "best price", the principle of matching your sell order with the best buy orders in the market with respect to price. As SELL MARKET orders do not have a limit price, they are usually executed immediately (provided that there are enough counter orders, i.e. buy orders, in the market for the quantity you specified in the order). Despite immediate execution and adherence to the “best price principle”, when placing SELL MARKET orders, you should take into account the risk that the order will be executed at unfavorable prices well below the current market price.

Example: Execution of SELL MARKET order

There are 16 Apple Inc. (ticker: AAPL) stocks are available in your portfolio. You decide to sell 10 of your AAPL stocks and believe that the current market price is a reasonable price for APPL. You submit a SELL MARKET order into the system by specifying 10 units as the quantity. The current buy orders in the market are:

• Bid for 15 AAPL stocks at $192 per stock;

• Bid for 6 AAPL stocks at $181.70 per stock;

• Bid for 1 AAPL stock at $180.

The order execution algorithm will fully execute your order according to the "best price" principle as following:

• 10 AAPL stocks will be sold at $192.

During the execution of your order, 1 transaction will take place and $1920 ($192x10=$1920) will be credited to your account as a result of the sale.

SELL STOP – this order combines the features of two main order types, i.e. LIMIT and MARKET orders, and is intended for the execution of a certain trading strategy for investors who do not want to follow the market prices continuously. A SELL STOP order is mainly used by investors who believe that the price of a security (stock or mutual fund share) will fall further after reaching a certain level and this order type has the potential to limit their losses. When placing this order, two main parameters must be determined: the amount of the security you want to sell and the target (limit) price. When the market price of the security falls and reaches the target (limit) price, this order becomes a SELL MARKET order and is executed according to the features of the SELL MARKET order.

Example: Execution of SELL STOP order

There are 16 Apple Inc. (ticker: AAPL) stocks available in your portfolio. The current market price of these stocks has fallen from a higher level to $180. You assume that if the price of AAPL stock falls to $175, the price will continue to decline. But you do not have time to constantly monitor the price of AAPL stock and place a sell order when the price falls to $175. In this case, by placing a SELL STOP order through the system, it is sufficient to determine the number of stocks to be sold at 16 units and the target (limit) price at $175. If the price of AAPL stock falls to $175, the order execution algorithm will place a SELL MARKET order on your behalf and your 16 AAPL stocks will be sold at market prices. It is worth noting that this order does not guarantee that you will sell 16 AAPL stocks at exactly $175 or better price. The algorithm simply waits for the market price to drop to $175, and as soon as any transaction is closed at $175, it places a SELL MARKET order on your behalf. The price and quantity of securities being sold will depend on price and quantity of the bid (buy) orders in the market when the price drops to $175 per stock.

SELL MARKET-IF-TOUCHED – this order is similar to the SELL STOP order, but it is mainly used to reap the profit from the price difference by selling the securities in the portfolio at a favorable price when prices are rising. When placing a SELL STOP order, two main parameters must be determined: the amount of the security you want to sell and the target (limit) price. When the market price rises and reaches the target (limit) price, this order becomes a SELL MARKET order and is executed appropriately according to the terms of the SELL MARKET order.

Example: Execution of SELL MARKET-IF-TOUCHED order

There are 16 Apple Inc. (ticker: AAPL) stocks available in your portfolio. Currently, the current market price of the stock is $180, and you expect the price will increase and reach $185. You want to sell 16 AAPL stocks but do not have time to monitor the market and wait until the price reaches your target level ($185). You enter a SELL MARKET-IF-TOUCHED order into the system, setting the quantity at 16 units and the target (limit) price at $185. When AAPL's market price rises to $185, the order execution algorithm will place a SELL MARKET order on your behalf and sell 16 AAPL stocks at market prices. It is worth noting that this order does not guarantee that you will sell 16 stocks of AAPL at exactly $185 or better price. The algorithm simply waits for the market price to rise and as soon as it detects the bid price of $185, it places a SELL MARKET order on your behalf.

You can only cancel pending (non-executed) orders. Executed orders cannot be canceled. Please note, that BUY MARKET and SELL MARKET orders are executed immediately in most cases and therefore, you will not be able to cancel these orders after submitting them into the system.

The unexecuted order stay in the pending mode for 90 days and deleted once 90 days have passed. You can cancel unexecuted orders any time before the expiration date.

An investment account is an account used for recording transactions with securities. This account is simultaneously opened for you by ABB-Invest and our partner DriveWealth LLC, a US based investment firm. The investment account is used for the following purposes:

• Record keeping of your securities and cash held in the account;

• Record keeping of dividends and other payments received on your securities;

• Record keeping of interest payments made to you on your free funds held in the account;

• Record keeping of deposit and withdrawal of cash through the investment account.

You can easily transfer funds from your bank accounts (card or current account) opened with ABB Bank to your investment account using ABB Mobile application. Please, keep in mind, that the money transferred from your AZN or other account is automatically converted to USD and credited to your investment account in USD. The funds you transfer will be credited to your investment account immediately. The daily limit on transfer is 50000 AZN or its corresponding amount in other currency. The monthly limit on transfer is 150000 AZN or its corresponding amount in other currency.

Unfortunately, no. Currently, you can only transfer money to your investment account from your card and current accounts opened with ABB Bank. In the near future, it will be possible to transfer money to your investment account from accounts opened with other banks.

The cash in your investment account is dividided into two parts: cash available for trading and cash available for withdrawal. Transfer to your bank account (card account or checking account) opened with ABB Bank is only permitted for cash available for withdrawal. The funds will be credited to your bank account as soon as you finish transfer. If you want to transfer funds to your AZN account or account in different currency, the transferred funds will automatically converted to the appropriate currency. The daily limit on transfer is 50000 AZN or its corresponding amount in other currency. The monthly limit on transfer is 150000 AZN or its corresponding amount in other currency.

Unfortunately, no. Currently, you can only transfer money from your investment account to your ABB Bank card and checking accounts. In the near future, it will be possible to transfer money to accounts opened with other banks.

Funds from the sale of securities from your investment account are immediately reflected in the "cash available for trading" of your investment account. Although it is possible to carry out purchase transactions with the funds reflected in the “cash available for trading ", these funds cannot be withdrawn to your bank accounts immediately. These funds are reflected in the "cash available for withdrawal" within 2 business days after the sale transaction and from that moment can be transferred to your bank accounts. Your bank account will be credited immediately as soon as you transfer funds from the “cash available for withdrawal”.

Dividends: Dividends may be paid to you from time to time on securities held in your investment account. Dividends increase the cash balance of your investment account. Like other cash, you can keep the cash paid in the form of dividends in your investment account or transfer it in your bank account.

Interest payments: Free (unused) funds in your investment account can be placed in short-term deposits at selected US banks by our partner DriveWealth LLC in the form of deposits. A portion of the interest payments earned from the deposits is paid to you and increases the cash balance of your investment account. Like other cash, you can keep the cash paid as interest in your investment account or transfer it to your bank account. It should be noted that funds placed in bank deposits are insured by the US Federal Deposit Insurance Corporation (FDIC).

Comissions charged for trading operations with ABB Mobile depend on the market value of the securities purchased or sold. Two tariff plans are offered to our clients: “Trader” and “Investor”.

Fees under the “Trader” tariff plan are as follows:

Share price more than $5 – For stocks and shares of the investment funds (ETFs, mutual funds) with share market value exceeding $5, the following comissions are charged:

• Comission for buy/sell transactions is 0.40% of the transaction volume in monetary terms. If the comissions calcaulated this way is less than $1, then $1 comission is charged by default. On the other hand, if the calculated comission exceeds $100, then $100 will be the maximum comission charged.

Share price less than $5 – For stocks and shares of the investment funds (ETFs, mutual funds) with share market value below $5, the following comissions are charged:

• Comission for buy/sell transactions is $0.02 per stock of share of the ETF/mutual fund. If the comissions calcaulated this way is less than $0.30, then $0.30 comission is charged by default. There is no cap on the maximum amount of the comission charged for this type of security.

Fees under the “Investor” tariff plan are as follows:

Share price more than $5 – For stocks and shares of the investment funds (ETFs, mutual funds) with share market value exceeding $5, the following comissions are charged:

• Comission for buy/sell transactions is 0.25% of the transaction volume in monetary terms. If the comissions calcaulated this way is less than $3, then $3 comission is charged by default. On the other hand, if the calculated comission exceeds $25, then $25 will be the maximum comission charged.

Share price less than $5 – For stocks and shares of the investment funds (ETFs, mutual funds) with share market value below $5, the following comissions are charged:

• Comission for buy/sell transactions is $0.02 per stock of share of the ETF/mutual fund. If the comissions calcaulated this way is less than $0.30, then $0.30 comission is charged by default. There is no cap on the maximum amount of the comission charged for this type of security.

All clients are assigned to the “Trader” tariff plan by default. In order to change your Fee Schedule, please, submit an email to office@abbinvest.az from your email address registered in the system. Put "Fee Schedule Change" in the subject and your DriveWealth account number in the body of the message. You can find your DriveWealth account number in the bottom part of the main page of "Investment" section of ABB mobile app.

Buy transactions:

The comissions will be automatically debited from cash in your investment account. If cash in your account is unsufficient to cover accrued comissions and settlement of the transaction, then your purchase order will not be accepted. In this case, you can either deposit additional funds in to your investment account or decrease the purchase amount.

Sell transacations:

The comission will be deducted from the funds to be received as a result of sell transaction, If the funds received from sell transactions or available cash in your investment account are insufficient to cover accrues comissions, then your sell order will be rejected.