Update fees Cifra Broker

Further to our last post, we would like to note that Cifra has published a new fee schedule that will enter into force on the 15th of January 2026. In that fee schedule a fee has been added for holding shares in type C accounts via NSD. This fee is high. It is set at 0.25% of the holdings in the type C account per month (see point 2.1.3. in the new fee schedule). The new fee document can be accessed via this website: https://cifra-broker.ru/about/company/news/ooo-tsifra-broker-obnovilo-reglamentiruyushchie-obsluzhivanie-klientov-dokumenty-57044/

Unfortunately, it is our understanding that other Russian brokers also started charging similar fees to hold funds via type C accounts. Investors may consider opening accounts in the share registers to see if holding via the share register may be more cost effective for investors. In the mean time we aim to discuss the new fee structure with Cifra Broker.