Deposits and Withdrawals. 5.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined by the Company in its sole discretion from time to time. 5.2. The Client may deposit funds into the Client Account at any time during the course of this Agreement. Deposits will be made via electronic transfer (where the originator is the Client) acceptable by the Company from time to time. The deposited amount reflected in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds. 5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website. 5.4. Third party or anonymous payments of funds in the Client Account is not accepted. 5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company. 5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights. 5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity. 5.8. The Company will effect withdrawals of Client’s funds upon the receipt of an application for withdrawal in the method accepted by the Company from time to time. 5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time. 5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company. 5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative. 5.12. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Days, if the following requirements are met: a) the withdrawal instruction(s) had included all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details); b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and c) the available amount in the Client’s Trading Account is equal or in excess of the withdrawal amount specified in the withdrawal instructions after all payment charges at the point of making transfer instructions have been taken into account. d) there is no Force Majeure event which prohibits the Company from effecting the withdrawal. e) the Client has been fully verified during the registration and Account opening procedure. 5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request. 5.14. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account. 5.15. All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges. 5.16. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. 5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website. 5.18. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss. 5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account. 5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including: i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 3 contracts
Sources: Client Agreement, Client Agreement, Client Agreement
Deposits and Withdrawals. 5.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. The Client may deposit funds into the Client Account at any time during the course of this Agreement. Deposits will be made via electronic transfer (where the originator is the Client) acceptable by the Company from time to time. The deposited amount reflected in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will effect withdrawals of Client’s funds upon the receipt of an application for withdrawal in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Days, if the following requirements are met:
a) the withdrawal instruction(s) had included all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details);
b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and
c) the available amount in the Client’s Trading Account is equal or in excess of the withdrawal amount specified in the withdrawal instructions after all payment charges at the point of making transfer instructions have been taken into account.
d) there is no Force Majeure event which prohibits the Company from effecting the withdrawal.
e) the Client has been fully verified during the registration and Account opening procedure.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account.
5.15. All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges.
5.16. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.195.18. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.205.19. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 2 contracts
Sources: Client Agreement, Client Agreement
Deposits and Withdrawals. 5.120.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit AmountInitial Margin, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.220.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The Company will not accept third party or anonymous payments in the Client Account. Deposits for Margin and any other deposits due will, unless otherwise agreed or specified by us, be required in the Currency of the Trading Account, based on your country of origin as specified in your address and as shall be specified on the Trading Platform. We shall not, and you shall not request us to, convert any monies standing to your credit or which have been paid by you into your Trading Account in one currency to another currency. The detailed information about deposit options is shown on the Website.
20.3. The Company shall have the right to request the Client at any time any documentation to confirm the source of funds deposited into the Client Account. The Company shall have the right to reject a deposit of the Client if the Company is not duly satisfied as to the legality of the source of funds.
20.4. If the Client makes a deposit, the Company shall credit the relevant Trading Account of the Client with the deposited amount reflected in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform. The Company applicable fees, if any, may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's ’s Website.
5.420.5. Third party or anonymous payments of If the funds sent by the Client are not deposited in the Client Trading Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds when they were credited erroneouslysupposed to, the Client shall notify the Company immediately and request from the Company to make a banking investigation of such deposit(s) and shall return the funds as specified by the Company.
5.6transfer. The Client accepts agrees that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender any charges of the Funds is the Client investigation may be deducted from his Trading Account or his/her authorised representative; if not, the Company has the right to reject the Funds and return them paid directly to the remitter net of any transfer fees or other charges incurred by bank performing the Company, using the same transfer method as the one through which it originally received the Fundsinvestigation. The Client hereby confirms understands and aggress that any funds deposited in his/her account(s) held order to perform the investigation the Client shall have to provide the Company with the Company, belong solely to the Client requested documents and do not bear any third-party rightscertificates.
20.6. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will shall effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1220.7. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Daysthe Client’s request to withdraw funds on the same day that the request was made, or the next working day if the Client’s request is received outside of normal trading hours, provided that the following requirements are met:
a) a. the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)information;
b) b. the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and;
c) c. the available amount in account where the transfer is to be made belongs to the Client;
▇. ▇▇ the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges, if any;
d) e. there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.;
e) f. the Client has been is not subject to the verification derogation of fifteen (15) days as specified in paragraph 5.1;
g. the Client is fully verified during according to Verification guidelines set forth on the registration and Account opening procedure.
5.13. Website and/or the present Agreement and/or made available to him/her via email; The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 20.7 a-e are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested informationinformation within one (1) week from the day the request was made, the Company will be entitled to cancel the said withdrawal request.
5.1420.8. Withdrawals It is agreed and understood that withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1520.9. The manner in which we remit monies to you will be in our absolute discretion. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
20.10. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.1620.11. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.1820.12. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 2 contracts
Sources: Client Agreement, Client Agreement
Deposits and Withdrawals. 5.120.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit AmountInitial Margin, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.220.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3Client Account. Deposits for Margin and any other deposits owed mustdue will, unless the Company and the Client agree otherwise agreed or the Company specifies otherwisespecified by us, be made required in the Currency of the Trading Account, based on your country of origin as displayed specified in your address and as shall be specified on the Trading Platform. The Company may We shall not, and you shall not request us to, convert any funds in the Client's monies standing to your credit or any payments made which have been paid by the Client you into their your Trading Account from in one currency to another upon request from the Clientcurrency. Comprehensive The detailed information regarding about deposit options can be found is shown on the Company's Website.
5.420.3. Third party or anonymous payments The Company shall have the right to request the Client at any time any documentation to confirm the source of funds in deposited into the Client Account is not accepted.
5.5Account. If funds are credited into The Company shall have the Client’s Account and if right to reject a deposit of the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is not duly satisfied that as to the sender legality of the Funds is source of funds.
20.4. If the Client or his/her authorised representative; if notmakes a deposit, the Company has shall credit the right to reject relevant Trading Account of the Funds and return them to Client with the remitter deposited amount net of any transfer fees or other charges incurred by the Company. The applicable fees, using if any, may be found on the same transfer method as Company’s Website.
20.5. If the one through which it originally received funds sent by the FundsClient are not deposited in the Trading Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client hereby confirms agrees that any funds deposited charges of the investigation may be deducted from his Trading Account or paid directly to the bank performing the investigation. The Client understands and aggress that in his/her account(s) held order to perform the investigation the Client shall have to provide the Company with the Company, belong solely to the Client requested documents and do not bear any third-party rightscertificates.
20.6. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will shall effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1220.7. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Daysthe Client’s request to withdraw funds on the same day that the request was made, or the next working day if the Client’s request is received outside of normal trading hours, provided that the following requirements are met:
a) a. the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)information;
b) b. the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and;
c) c. the available amount in account where the transfer is to be made belongs to the Client;
▇. ▇▇ the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges, if any;
d) e. there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.;
e) f. the Client has been is not subject to the verification derogation of fifteen (15) days as specified in paragraph 5.1;
g. the Client is fully verified during according to Verification guidelines set forth on the registration and Account opening procedure.
5.13. Website and/or the present Agreement and/or made available to him/her via email; The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 20.7 a-e are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested informationinformation within one (1) week from the day the request was made, the Company will be entitled to cancel the said withdrawal request.
5.1420.8. Withdrawals It is agreed and understood that withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1520.9. The manner in which we remit monies to you will be in our absolute discretion. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
20.10. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.1620.11. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.1820.12. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, ; the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.1920.13. The Company reserves the right to seek reimbursement from the ClientIf we receive, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s your credit card issuer or any other payment method the Client usesyou use, the Client acknowledges you acknowledge that the Company has we have the right to take further actions at its discretion including any or all of the following: • following measures, at ourdiscretion:
a. immediately close any or all of Client’s your open Transactions whether at a loss or a profit and debit or credit, respectively, his/her your Trading Account in accordance with Section 16.219.2, with or without any notice; • and/or
b. immediately place restrictions on the Client’s your Trading Account with or without any notice, including:
i. : i) the restriction on making deposits using any payment method to Client your Trading Account, even in cases of margin call(scalls(s), ii. ) the restriction on requesting withdrawalswithdrawals from your Trading Account, and iii. ) the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretiondiscretion and/or
c. Terminate the present Agreement.
Appears in 2 contracts
Sources: Client Agreement, Client Agreement
Deposits and Withdrawals. 5.120.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit AmountInitial Margin, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.220.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3Client Account. Deposits for Margin and any other deposits owed mustdue will, unless the Company and the Client agree otherwise agreed or the Company specifies otherwisespecified by us, be made required in the Currency of the Trading Account, based on your country of origin as displayed specified in your address and as shall be specified on the Trading Platform. The Company may We shall not, and you shall not request us to, convert any funds in the Client's monies standing to your credit or any payments made which have been paid by the Client you into their your Trading Account from in one currency to another upon request from the Clientcurrency. Comprehensive The detailed information regarding about deposit options can be found is shown on the Company's Website.
5.420.3. Third party or anonymous payments The Company shall have the right to request the Client at any time any documentation to confirm the source of funds in deposited into the Client Account is not accepted.
5.5Account. If funds are credited into The Company shall have the Client’s Account and if right to reject a deposit of the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is not duly satisfied that as to the sender legality of the Funds is source of funds.
20.4. If the Client or his/her authorised representative; if notmakes a deposit, the Company has shall credit the right to reject relevant Trading Account of the Funds and return them to Client with the remitter deposited amount net of any transfer fees or other charges incurred by the Company. The applicable fees, using if any, may be found on the same transfer method as Company’s Website.
20.5. If the one through which it originally received funds sent by the FundsClient are not deposited in the Trading Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client hereby confirms agrees that any funds deposited charges of the investigation may be deducted from his Trading Account or paid directly to the bank performing the investigation. The Client understands and aggress that in his/her account(s) held order to perform the investigation the Client shall have to provide the Company with the Company, belong solely to the Client requested documents and do not bear any third-party rightscertificates.
20.6. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will shall effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1220.7. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Daysthe Client’s request to withdraw funds on the same day that the request was made, or the next working day if the Client’s request is received outside of normal trading hours, provided that the following requirements are met:
a) a. the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)information;
b) b. the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and;
c) c. the available amount in account where the transfer is to be made belongs to the Client;
▇. ▇▇ the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges, if any;
d) e. there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.;
e) f. the Client has been is not subject to the verification derogation of fifteen (15) days as specified in paragraph 5.1;
g. the Client is fully verified during according to Verification guidelines set forth on the registration and Account opening procedure.
5.13. Website and/or the present Agreement and/or made available to him/her via email; The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 20.7 a-e are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested informationinformation within one (1) week from the day the request was made, the Company will be entitled to cancel the said withdrawal request.
5.1420.8. Withdrawals It is agreed and understood that withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1520.9. The manner in which we remit monies to you will be in our absolute discretion. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
20.10. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.1620.11. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.1820.12. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.1920.13. The Company reserves the right to seek reimbursement from the ClientIf we receive, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s your credit card issuer or any other payment method the Client usesyou use, the Client acknowledges you acknowledge that the Company has we have the right to take further actions at its discretion including any or all of the following: • following measures, at our discretion:
a. immediately close any or all of Client’s your open Transactions whether at a loss or a profit and debit or credit, respectively, his/her your Trading Account in accordance with Section 16.219.2, with or without any notice; • and/or
b. immediately place restrictions on the Client’s your Trading Account with or without any notice, including:
i. : i) the restriction on making deposits using any payment method to Client your Trading Account, even in cases of margin call(scalls(s), ii. ) the restriction on requesting withdrawalswithdrawals from your Trading Account, and iii. ) the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretiondiscretion and/or
c. Terminate the present Agreement and/or
d. Impose a charge of “USD 150 research fee” to your Trading Account upon receiving the chargeback by our merchant provider to cover our investigative expenses, to prove that you did make the deposit and you here by authorise us to charge this amount to your Trading Account or credit card.
Appears in 2 contracts
Sources: Client Agreement, Client Agreement
Deposits and Withdrawals. 5.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. 17.1 The Client may deposit funds into the Client Account at any time during the course of this Agreement. Deposits will be made accepted via bank transfer, debit/credit card (MasterCard, Visa) or any other method of electronic money transfer (where the originator is the Client) acceptable by the Company from time to time. The deposited amount reflected in the Client’s Trading Account Company will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third not accept third party or anonymous payments of funds in the Client Account is not acceptedAccount.
5.5. If 17.2 The Company will process withdrawals of Client funds, either upon the receipt of a form bearing the signature of the Client (which must match the specimen signature of the Client provided by him to the Company) or upon an application for withdrawal made via the Company Online Trading System.
17.3 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall pay the said amount within five Business Days, if the following requirements are credited into met:
a) The withdrawal instruction includes all necessary information;
b) The instruction is to make a bank transfer to the account of the Client; and
c) At the moment of payment, the Client’s Account and if Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges.
d) the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by has provided full identification documentation and/or any other requested documentation to support his withdrawal request and/or satisfy the Company’s needs accordingly to all applicable rules and regulations.
5.6. The Client accepts that 17.4 Withdrawals will only be processed towards the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rightsClient. The Company will not be held liable should the funds deposited by the Client bear process withdrawals to any third-other third party rightsor anonymous account.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will effect withdrawals of Client’s funds upon the receipt of an application for withdrawal in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. 17.5 The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Days, if the following requirements are met:
a) the withdrawal instruction(s) had included all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details);
b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and
c) the available amount in the Client’s Trading Account is equal or in excess of the withdrawal amount specified in the withdrawal instructions after all payment charges at the point of making transfer instructions have been taken into account.
d) there is no Force Majeure event which prohibits the Company from effecting the withdrawal.
e) the Client has been fully verified during the registration and Account opening procedure.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account.
5.15. 17.6 All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges.
5.16. Withdrawal fees may apply from time to time depending on 17.7 If the Client makes a payment by bank transfer, by credit card or type any other method of Trading Accountelectronic money transfer, the Company shall credit the Client Account with the relevant amount within one Business Day after the amount is cleared in the bank account of the Company.
5.17. The Client acknowledges and agrees that, in the event of 17.8 If a withdrawal request without any activity following the most recent deposit on the Trading is made in relation to a Joint Account, the Company may charge an amount equivalent to any deposit fees incurred by can only return the Company or charge a percentage (%) of the total requested withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood bank accounts that should the Client provide wrong instructions for a transfer, clients used to deposits the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed funds to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading AccountJoint Account initially.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 2 contracts
Sources: Client Agreement, Client Agreement
Deposits and Withdrawals. 5.113.1. The Trading Company shall open one or more a Client Account(s) for the Client to allow him to place Orders in particular Financial Instruments. It is agreed and understood that the types of the different Client Accounts offered by the Company and the characteristics of such Client Accounts are found on the Website and are subject to change at the Company’s discretion and according to paragraph 25 hereunder. The Client Account shall be activated upon the Client depositing the Minimum Deposit Amountminimum initial deposit, as determined and mended by the Company in its discretion from time to time. The minimum initial deposit may vary according to the type of Client Account, as determined by Account offered to the Company in its sole discretion from time to time.
5.2Client. The Client may deposit funds into the Client Account at any time during the course of this Agreement. Deposits will be made via electronic transfer (where the originator is methods and in the Client) acceptable currencies accepted by the Company from time to time. The deposited amount reflected in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed detailed information about deposit options is shown on the Trading PlatformWebsite. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves have the right to request additional information and/or the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Client Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds.
1. If the Client makes a deposit, the documents submitted may be false or fake or suspects that Company shall credit the relevant Client Account with the relevant amount actually received by the Company within one Business Day following the amount is cleared in the bank account of the Company.
2. If the funds sent by the Client is involved are not deposited in illegal the Client Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation shall be paid by the Client and deducted from his Client Account or fraudulent activitypaid directly to the bank performing the investigation. The Client understands and aggress that in order to perform the investigation the Client shall have to provide the Company with the requested documents and certificates.
5.83. The Company will effect shall make withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.124. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction pay the said amount within five two (52) Business DaysDays (maximum of seven (7) days), if the following requirements are met:
(a) the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)required information;
b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and
c) the available amount in the Client’s Trading Account is equal or in excess of the withdrawal amount specified in the withdrawal instructions after all payment charges at the point of making transfer instructions have been taken into account.
d) there is no Force Majeure event which prohibits the Company from effecting the withdrawal.
e) the Client has been fully verified during the registration and Account opening procedure.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account.
5.15. All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges.
5.16. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Terms and Conditions Agreement
Deposits and Withdrawals. 5.118.1. Client’s funds held on a trading account will be deposited in an institution (the ‘Institution’) specified by the Company, on Client’s behalf. The Trading Account shall funds will be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined segregated by the Company and held in its sole discretion from time to timeaccordance with applicable regulations in a segregated client account. The Company may hold the funds of different clients in the same account.
5.218.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account. Deposits for Margin and any other deposits due will, unless otherwise agreed or specified by us, be required in the Currency of the Trading Account, based on your country of origin as specified in your address and as shall be specified on the Trading Platform. We shall not, and you shall not request us to, convert any monies standing to your credit or which have been paid by you into your Trading Account in one currency to another currency. The detailed information about deposit options is shown on the Website.
18.3. The Client accepts that the funds will be deposited in the trading account on the value date received by the Institution, net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Fundsincurred.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform18.4. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves have the right to request additional information and/or the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Trading Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds.
18.5. If the funds sent by the Client are not deposited in the Trading Account when they were supposed to, the documents submitted Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation may be false deducted from his Trading Account or fake or suspects paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client is involved in illegal or fraudulent activityshall have to provide the Company with the requested documents and certificates.
5.818.6. The Company will effect shall affect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1218.7. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Trading Account, the Company shall process such instruction within five (5) Business Daysthe withdrawal request as soon as possible, if the following requirements are met:
(a) the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)in the Personal Area;
(b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; andClient (supporting documentation will be requested);
(c) the available amount in account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges;
d(e) there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.
e(f) the Client must be fully verified according to Verification guidelines set forth on the Website. In case any of the above-mentioned conditions have not been met, the Company shall at its sole discretion take any necessary actions to ensure that (i) the identity of the Client is appropriately verified, (ii) the transfer is effected to the account that belongs to the Client, (iii) the Client has been fully verified during the registration and sufficient funds in his Client Account opening procedurein order to maintain all Open Positions.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents18.8. It is agreed and understood that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1518.9. The funds will be returned in the same method and to the same account from which they originated. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method.
18.10. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.1618.11. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website ▇▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/start-trading/tradinghttps://▇▇.▇▇▇▇▇.▇▇▇/start- trading/trading-fees#/-fees#/ .
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.1818.12. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, ; the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.1918.13. The Company shall refund the Client all amounts deposited in cases where there is unavailability of the requested service.
18.14. Cancellation of orders by the Client or Their authorized representatives will attract an 5% administration fee or penalty(“Fine”). This Fine will only be allowed in circumstance where it is possible to cancel the Order.
18.15. The Company reserves the right not to seek reimbursement from accept deposits and/or cancel your deposits should the Clientclient fail to provide any documentation requested by the Company either for client identification or any other reasons, if the Company receives has reason to suspect the authenticity of documentation provided, that there Company has reasons to believe that the client could is involved in illegal or fraudulent activities, where the client has informed the company that there bank cards are lost or stolen, where there is a chargeback request from Client’s credit card issuer or from Client’s alternative risk of cashback charges, if the client makes of 10 separate deposits and is unable to provide verification of payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reasonmethods,
18.16. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client client acknowledges that the Company Supervisory authority has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions confiscate your funds on the Client’s Trading Account with grounds of anti-money laundering suspicion or without for any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretionother legal infringement.
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.117.1. Client’s funds held on a trading account will be deposited in an institution (the ‘Institution’) specified by the Company, on Client’s behalf. The Trading Account shall funds will be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined segregated by the Company and held in its sole discretion from time to timeaccordance with applicable regulations in a segregated client account. The Company may hold the funds of different customers in the same account.
5.217.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account. Deposits for Margin and any other deposits due will, unless otherwise agreed or specified by us, be required in the Currency of the Trading Account, based on your country of origin as specified in your address and as shall be specified on the Trading Platform. We shall not, and you shall not request us to, convert any monies standing to your credit or which have been paid by you into your Trading Account in one currency to another currency. The detailed information about deposit options is shown on the Website.
17.3. The Client accepts that the funds will be deposited in the trading account on the value date received by the Institution, net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Fundsincurred.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform17.4. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves have the right to request additional information and/or the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Trading Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds.
17.5. If the funds sent by the Client are not deposited in the Trading Account when they were supposed to, the documents submitted Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation may be false deducted from his Trading Account or fake or suspects paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client is involved in illegal or fraudulent activityshall have to provide the Company with the requested documents and certificates.
5.817.6. The Company will effect shall affect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1217.7. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Trading Account, the Company shall process such instruction within five (5) Business Daysthe withdrawal request as soon as possible, if the following requirements are met:
(a) the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)in the Personal Area;
(b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; andClient (supporting documentation will be requested);
(c) the available amount in account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges;
d(e) there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.
e(f) the Client must be fully verified according to Verification guidelines set forth on the Website. In case any of the above-mentioned conditions have not been met, the Company shall at its sole discretion take any necessary actions to ensure that (i) the identity of the Client is appropriately verified, (ii) the transfer is effected to the account that belongs to the Client, (iii) the Client has been fully verified during the registration and sufficient funds in his Client Account opening procedurein order to maintain all Open Positions.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents17.8. It is agreed and understood that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1517.9. The funds will be returned in the same method and to the same account from which they originated. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method.
17.10. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.1617.11. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website ▇▇▇▇.▇▇▇▇▇.▇▇▇ .
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.1817.12. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.1. 23.1 The Trading Account shall be activated upon the Client depositing the Minimum Deposit AmountInitial Margin, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. 23.2 The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will can be made via electronic wire transfer (where the originator is the Client) acceptable or any other methods accepted by the Company from time to time. The deposited amount reflected general practice of the Company is not to accept any third-party deposits, although exceptions may apply, from time to time, under certain circumstances and subject to the agreement of the provision of further due diligence documents to be provided to the Company, in order to verify the source of funds and wealth of the third-party deposits - For more information please also consult our AML Policy on our website. Furthermore, it is an absolute rule that the company does not accept any anonymous payment in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3Client Account. Deposits for Margin and any other deposits owed mustdue will, unless the Company and the Client agree otherwise agreed or the Company specifies otherwisespecified by us, be made required in the Currency of the Trading Account, based on your country of origin as displayed specified in your address and as shall be specified on the Trading Platform. The Company may We shall not, and you shall not request us to, convert any funds in the Client's monies standing to your credit or any payments made which have been paid by the Client you into their your Trading Account from in one currency to another upon request from the Clientcurrency. Comprehensive The detailed information regarding about deposit options can be found is shown on the Company's Website.
5.4. Third party or anonymous payments 23.3 The Company shall have the right to request the Client at any time any documentation to confirm the source of funds in deposited into the Client Account is not accepted.
5.5Account. If funds are credited into The Company shall have the Client’s Account and if right to reject a deposit of the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is not duly satisfied that as to the sender legality of the Funds is source of funds.
23.4 If the Client or his/her authorised representative; if notmakes a deposit, the Company has shall credit the right to reject relevant Trading Account of the Funds and return them to Client with the remitter deposited amount net of any transfer fees or other charges incurred by the Company. The applicable fees, using if any, may be found on the same transfer method as Company’s Website.
23.5 If the one through which it originally received funds sent by the FundsClient are not deposited in the Trading Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client hereby confirms agrees that any funds deposited charges of the investigation may be deducted from his Trading Account or paid directly to the bank performing the investigation. The Client understands and agrees that in his/her account(s) held order to perform the investigation the Client shall have to provide the Company with the Company, belong solely to the Client requested documents and do not bear any third-party rights. certificates.
23.6 The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will shall effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. 23.7 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Daysthe Client’s request to withdraw funds on the same day that the request was made, or the next working day if the Client’s request is received outside of normal trading hours, provided that the following requirements are met:
a) a. the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)information;
b) b. the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and;
c) c. the available amount in account where the transfer is to be made belongs to the Client;
d. at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges, if any;
d) e. there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.;
e) f. the Client has been is not subject to the verification derogation of fifteen (15) days as specified in paragraph 6.1;
g. the Client is fully verified during according to Verification guidelines set forth on the registration and Account opening procedure.
5.13Website and/or the present Agreement and/or made available to him/her via email. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 23.7 a-e are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested informationinformation within one (1) week from the day the request was made, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals 23.8 It is agreed and understood that withdrawals will only be effected towards the Client. The Company will not effect make withdrawals to any other third party or anonymous account.
5.1523.9 The manner in which we remit money to you will be in our absolute discretion. The Company reserves the right to declinea withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
23.10 All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.16. 23.11 Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. 23.12 Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.1. 23.1 The Trading Account shall be activated upon the Client depositing the Minimum Deposit AmountInitial Margin, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. 23.2 The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The Company will not accept third party or anonymous payments in the Client Account. Deposits for Margin and any other deposits due will, unless otherwise agreed or specified by us, be required in the Currency of the Trading Account, based on your country of origin as specified in your address and as shall be specified on the Trading Platform. We shall not, and you shall not request us to, convert any monies standing to your credit or which have been paid by you into your Trading Account in one currency to another currency. The detailed information about deposit options is shown on the Website.
23.3 The Company shall have the right to request the Client at any time any documentation to confirm the source of funds deposited into the Client Account. The Company shall have the right to reject a deposit of the Client if the Company is not duly satisfied as to the legality of the source of funds.
23.4 If the Client makes a deposit, the Company shall credit the relevant Trading Account of the Client with the deposited amount reflected in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform. The Company applicable fees, if any, may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's ’s Website.
5.4. Third party or anonymous payments of 23.5 If the funds sent by the Client are not deposited in the Client Trading Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds when they were credited erroneouslysupposed to, the Client shall notify the Company immediately and request from the Company to make a banking investigation of such deposit(s) and shall return the funds as specified by the Company.
5.6transfer. The Client accepts agrees that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender any charges of the Funds is the Client investigation may be deducted from his Trading Account or his/her authorised representative; if not, the Company has the right to reject the Funds and return them paid directly to the remitter net of any transfer fees or other charges incurred by bank performing the Company, using the same transfer method as the one through which it originally received the Fundsinvestigation. The Client hereby confirms understands and aggress that any funds deposited in his/her account(s) held order to perform the investigation the Client shall have to provide the Company with the Company, belong solely to the Client requested documents and do not bear any third-party rights. certificates.
23.6 The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will shall effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. 23.7 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Daysthe Client’s request to withdraw funds on the same day that the request was made, or the next working day if the Client’s request is received outside of normal trading hours, provided that the following requirements are met:
a) a. the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)information;
b) b. the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and;
c) c. the available amount in account where the transfer is to be made belongs to the Client;
d. at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges, if any;
d) e. there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.;
e) f. the Client has been is not subject to the verification derogation of fifteen (15) days as specified in paragraph 6.1;
g. the Client is fully verified during according to Verification guidelines set forth on the registration and Account opening procedure.
5.13. Website and/or the present Agreement and/or made available to him/her via email; The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 22.7 a-e are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested informationinformation within one (1) week from the day the request was made, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals 23.8 It is agreed and understood that withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1523.9 The manner in which we remit monies to you will be in our absolute discretion. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
23.10 All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.16. 23.11 Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. 23.12 Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.117.1. Client’s funds held on a trading account will be deposited in an institution (the ‘Institution’) specified by the Company, on Client’s behalf. The Trading Account shall funds will be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined segregated by the Company and held in its sole discretion from time to timeaccordance with applicable regulations in a segregated client account. The Company may hold the funds of different customers in the same account.
5.217.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account. Deposits for Margin and any other deposits due will, unless otherwise agreed or specified by us, be required in the Currency of the Trading Account, based on your country of origin as specified in your address and as shall be specified on the Trading Platform. We shall not, and you shall not request us to, convert any monies standing to your credit or which have been paid by you into your Trading Account in one currency to another currency. The detailed information about deposit options is shown on the Website.
17.3. The Client accepts that the funds will be deposited in the trading account on the value date received by the Institution, net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Fundsincurred.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform17.4. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves have the right to request additional information and/or the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Trading Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds.
17.5. If the funds sent by the Client are not deposited in the Trading Account when they were supposed to, the documents submitted Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation may be false deducted from his Trading Account or fake or suspects paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client is involved in illegal or fraudulent activityshall have to provide the Company with the requested documents and certificates.
5.817.6. The Company will effect shall affect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1217.7. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Trading Account, the Company shall process such instruction within five (5) Business Daysthe withdrawal request as soon as possible, if the following requirements are met:
(a) the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)in the Personal Area;
(b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; andClient (supporting documentation will be requested);
(c) the available amount in account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges;
d(e) there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.
e(f) the Client must be fully verified according to Verification guidelines set forth on the Website. In case any of the above-mentioned conditions have not been met, the Company shall at its sole discretion take any necessary actions to ensure that (i) the identity of the Client is appropriately verified, (ii) the transfer is effected to the account that belongs to the Client, (iii) the Client has been fully verified during the registration and sufficient funds in his Client Account opening procedurein order to maintain all Open Positions.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents17.8. It is agreed and understood that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1517.9. The funds will be returned in the same method and to the same account from which they originated. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method.
17.10. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges. ▇▇▇.▇▇▇▇.▇▇▇▇▇.▇▇▇ .
5.1617.11. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit applicable fees may be found on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.Company’s Website
5.1817.12. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. 16.1 The Client may deposit funds into the Client Client's Trading Account at any time during the course of this Agreement. Deposits will be made via electronic transfer (where the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed detailed information about deposit options is shown on the Trading Platform. Website;
16.2 The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves have the right to request additional information and/or from the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s 's Trading Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds;
16.3 If the Client makes a deposit, the documents submitted may be false or fake or suspects that Company shall credit the Client relevant Client's Trading Account with the relevant amount actually received by the Company within two (2) Business Days following the amount is involved cleared in illegal or fraudulent activity.the bank account of the Company and relevant compliance procedures;
5.8. 16.4 The Company will effect shall make withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.;
5.9. All Trading Account withdrawals 16.5 Upon the Company receiving a request from the Client to withdraw funds from the Client's account, the Company shall process the withdrawal request within three (3) Business Days, if the relevant requirements are met:
(a) the withdrawal request includes all required information;
(b) the request is subject to a minimum the right of the Company to require additional information and/or documentation prior to releasing any funds in compliance with the provisions of clause 3.2;
(c) the Company, in accordance with Anti-money laundering framework, has been satisfied that the bank and/or debit card account where the transfer is to be made to, belongs to the Client. To this end the Company may request evidence such as bank statements or equivalent;
(d) at the moment of payment, the Client's Free Margin is equal to or higher than the amount specified in the withdrawal amount as defined by instruction including all payment charges. Free margin is calculated in accordance with the following formula: Free Margin = Balance — Margin + Floating Profit — Floating Loss;
(e) there is no Force Majeure event which prohibits the Company from time to timeeffecting the withdrawal.
5.10. The Client accepts 16.6 It is agreed and understood that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received will not accept third party or anonymous payments in the funds requested net of Client's Trading Account and will not make withdrawals to any transfer fees other third party or other charges incurred anonymous account. Only in exceptional cases and upon the approval by the Companyrelevant compliance department.
5.11. 16.7 The Company reserves the right to reasonably decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Days, if the following requirements are met:
a) the withdrawal instruction(s) had included all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details);
b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and
c) the available amount in the Client’s Trading Account is equal or in excess of the withdrawal amount specified in the withdrawal instructions after all payment charges at the point of making transfer instructions have been taken into account.
d) there is no Force Majeure event which prohibits the Company from effecting the withdrawal.
e) the Client has been fully verified during the registration and Account opening procedure.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account.
5.15. 16.8 All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Client's Trading Account for these charges.;
5.1616.9 The Client may send the request for internal transfer of funds to another Client's Trading Account held by him with the Company. Withdrawal fees may apply Such internal transfers shall be subject to the Company's policy from time to time depending on the Client or type of Trading Account.time;
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. 16.10 Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear suffer the loss.
5.1916.11 It is understood that the Client has the right to withdraw the funds which are not used for margin covering, free from any obligations from the Client's Trading Account without closing the said Client's Trading Account;
16.12 The Client agrees to pay any incurred bank or other third-party payment services provider's transfer fees when withdrawing funds from the Client's Trading Account to his designated bank account. The Client is fully responsible for payments details, given to the Company and the Company accepts no responsibility for the Client’s funds, if the Client’s given details are wrong. It is also understood and agreed by the Parties, that the Company accepts no responsibility for any Client unless and until they are deposited into the Company's bank account(s). It is clarified that the Company has not authorized any Client Introducers or other third parties to accept deposits of Client money on its behalf;
16.13 The Client agrees that any amounts sent by the Client, will be deposited to the Client's Trading Account at the value date of the payment received and net of any charges / fees charged by the bank account providers or any other intermediary involved in such transaction process. The Company must be satisfied that the sender is the Client before making any amount available to the Client's Trading Account, otherwise the Company reserves the right to refund / send back the net amount received to the remitter by the same method as received;
16.14 Withdrawals should be made using the same method used by the Client to fund the Client's Trading Account and to the same remitter. The Company reserves the right to seek reimbursement request further documentation while processing the withdrawal request or to decline a withdrawal request with a specific payment method and suggest another payment method where the Client needs to proceed with a new withdrawal request. The Company reserves the right if it is not satisfied with any documentation provided by the Client, to reverse the withdrawal transaction and deposit the amount back to the Client 's Trading Account;
16.15 In the event that any amount received by the Client is reversed by the bank account provider at any time and for any reason, the Company will immediately reverse the affected deposit from the Client, if 's Trading Account and reserves the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect right to reverse any other payment method for type of transactions effected after the date of the affected deposit. It is understood that these actions may result in a negative balance in all or any reason. The Company may obtain such reimbursement of the Client 's Trading Account(s);
16.16 It is understood and accepted by charging the Client that in case there is a negative balance and there are no open positions on the Client’s 's Trading Account, deducting amounts from future payments owed the Company, reserves the absolute right to manually adjust the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her 's Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method back to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretionzero (0) accordingly.
Appears in 1 contract
Sources: Service Agreement
Deposits and Withdrawals. 5.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. 27.1 The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other methods and in the originator is the Client) acceptable currency accepted by the Company as amended from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3Account. Deposits for Margin and any other deposits owed mustdue will, unless otherwise agreed or specified by the Company and the Client agree otherwise or the Company specifies otherwiseCompany, be made required in the Currency of the Trading Account, based on client’s country of origin as displayed specified in his/her address and as shall be specified on the Trading Platform. The Company may shall not, and the Client shall not request the Company to, convert any funds in the Client's monies standing to his/her credit or any payments made which have been paid by the Client him/her into their his/her Trading Account from in one currency to another upon request from the Clientcurrency. Comprehensive The detailed information regarding about deposit options can be found is shown on the Company's Website. Payments by credit cards will be processed in cooperation with Ecommpay Limited, regulated by the Financial Conduct Authority (FCA).
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. 27.2 The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves shall have the right to request additional information and/or the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Trading Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds.
27.3 If the Client makes a deposit, the documents submitted Company shall credit the relevant Trading Account with the relevant amount actually received by the Company within one (1) Business Day following the amount is cleared in the bank account of the Company.
27.4 If the funds sent by the Client are not deposited in the Trading Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation may be false deducted from his Trading Account or fake or suspects paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client is involved in illegal or fraudulent activityshall have to provide the Company with the requested documents and certificates.
5.8. 27.5 The Company will shall effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. 27.6 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Accountarea, the Company shall process such instruction within five (5) Business Dayspay the specified amount on the same day that the request to withdraw funds was made, or the next working day if the Client’s request is received outside of normal trading hours, if the following requirements are met:
(a) the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)in the Client Area;
(b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and;
(c) the available amount in account where the transfer is to be made belongs to the Client (under no circumstances will payments to third party or anonymous accounts be accepted);
(d) at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges;
d(e) there is no Force Majeure event which prohibits the Company from effecting the withdrawal.
e(f) the Client has been must be fully verified during according to Verification guidelines set forth on the registration and Account opening procedureWebsite.
5.13. The Client acknowledges and agrees that, where 27.7 In case any of the requirements outlined in paragraph 5.12 are above-mentioned conditions have not been met, the Company will be entitled shall at its sole discretion take any necessary actions to cancel ensure that (i) the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account.
5.15. All payment and transfer charges will be borne by identity of the Client and the Company shall debit the Client Account for these charges.
5.16. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretionappropriately verified,
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.242.1. The Client may deposit funds into the Client Account at any time during the course of this Agreement. Deposits will be made via accepted by bank transfer, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Client) acceptable by ). The Company shall credit the Client Account within one Business Day after the amount is cleared in the bank account of the Company from time to timewith the relevant amount. The deposited relevant amount reflected in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution Institution (or intermediary involved in the process) that holds the Funds.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform42.2. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third will not accept third party or anonymous payments of funds in the Client Account is not acceptedAccount.
5.542.3. If funds are credited into to the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) said deposit and shall return the funds to the account as specified by the Company. If funds are credited to the Client’s Account and if the Client should in good faith question whether such funds were rightly credited to his Account, the Client shall notify the Company immediately of said deposit.
5.642.4. The Client accepts that the Funds shall be deposited in his/her Account trading account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised authorized representative; if not, the Company is not satisfied as to the above then the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.842.5. The Company will effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal in made via the method accepted by Company’s Online Trading System (if available at the Company from time to time).
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.1042.6. The Client accepts that any withdrawal of funds any part of the Funds shall be concluded using the same transfer method and the same remitter as the one one, which the Company originally received the funds Funds from; under such circumstances, the Company shall return the part of the Funds requested net of any transfer fees or other charges incurred by the Company.
5.1142.7. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1242.8. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction pay the funds within five (5) one Business DaysDay, if the following requirements are met:
a) the withdrawal instruction(s) had included instruction includes all necessary information (including Including but not limited to: Account No. Name, Amount▇▇▇▇▇▇, Currency, Bank Account details▇▇▇▇▇▇▇▇);
b) the instruction is to make a transfer of funds to the originating account (whether that is a bank accountof the Client;
c) at the moment of payment, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to Free Margin exceeds the Client; and
c) the available amount in the Client’s Trading Account is equal or in excess of the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges;
d) there is no Force Majeure event which prohibits the Company from effecting the withdrawal.
e) the Client has been fully verified during the registration and Account opening procedure.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documentsreceived outside the normal working hours, and shall be processed the next working day accordingly. It is agreed that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.1442.9. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account.
5.15. All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges.
5.16. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.1. 23.1 The Trading Account shall be activated upon the Client depositing the Minimum Deposit AmountInitial Margin, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. 23.2 The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will can be made via electronic transfer (where the originator is the Client) acceptable wire transfer, or any other methods accepted by the Company from time to time. The deposited amount reflected general practice of the Company is not to accept any third-party deposits, although exceptions may apply, from time to time, under certain circumstances and subject to the agreement of the provision of further due diligence documents to be provided to the Company, in order to verify the source of funds and wealth of the third-party deposits - For more information please also consult our AML Policy on our website. Furthermore, it is an absolute rule that the company does not accept any anonymous payment in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3Client Account. Deposits for Margin and any other deposits owed mustdue will, unless the Company and the Client agree otherwise agreed or the Company specifies otherwisespecified by us, be made required in the Currency of the Trading Account, based on your country of origin as displayed specified in your address and as shall be specified on the Trading Platform. The Company may We shall not, and you shall not request us to, convert any funds in the Client's monies standing to your credit or any payments made which have been paid by the Client you into their your Trading Account from in one currency to another upon request from the Clientcurrency. Comprehensive The detailed information regarding about deposit options can be found is shown on the Company's Website.
5.4. Third party or anonymous payments 23.3 The Company shall have the right to request the Client at any time any documentation to confirm the source of funds in deposited into the Client Account is not accepted.
5.5Account. If funds are credited into The Company shall have the Client’s Account and if right to reject a deposit of the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is not duly satisfied that as to the sender legality of the Funds is source of funds.
23.4 If the Client or his/her authorised representative; if notmakes a deposit, the Company has shall credit the right to reject relevant Trading Account of the Funds and return them to Client with the remitter deposited amount net of any transfer fees or other charges incurred by the Company. The applicable fees, using if any, may be found on the same transfer method as Company’s Website.
23.5 If the one through which it originally received funds sent by the FundsClient are not deposited in the Trading Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client hereby confirms agrees that any funds deposited charges of the investigation may be deducted from his Trading Account or paid directly to the bank performing the investigation. The Client understands and agrees that in his/her account(s) held order to perform the investigation the Client shall have to provide the Company with the Company, belong solely to the Client requested documents and do not bear any third-party rights. certificates.
23.6 The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Account. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate, the documents submitted may be false or fake or suspects that the Client is involved in illegal or fraudulent activity.
5.8. The Company will effect shall affect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. 23.7 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process such instruction within five (5) Business Daysthe Client’s request to withdraw funds on the same day that the request was made, or the next working day if the Client’s request is received outside of normal trading hours, provided that the following requirements are met:
a) a. the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)information;
b) b. the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and;
c) c. the available amount in account where the transfer is to be made belongs to the Client;
d. at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges, if any;
d) e. there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.;
e) f. the Client has been is not subject to the verification derogation of fifteen (15) days as specified in paragraph 6.1;
g. the Client is fully verified during according to Verification guidelines set forth on the registration and Account opening procedure.
5.13Website and/or the present Agreement and/or made available to him/her via email. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 23.7 a-e are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents. It is agreed that if the client fails to timely provide the Company with the requested informationinformation within one (1) week from the day the request was made, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals 23.8 It is agreed and understood that withdrawals will only be effected towards the Client. The Company will not effect make withdrawals to any other third party or anonymous account.
5.1523.9 The manner in which we remit money to you will be in our absolute discretion. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
23.10 All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.16. 23.11 Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18. 23.12 Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, ; the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Client Agreement
Deposits and Withdrawals. 5.1. The Trading Account shall be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined by the Company in its sole discretion from time to time.
5.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Funds.
5.3Account. Deposits for Margin and any other deposits owed mustdue will, unless the Company and the Client agree otherwise agreed or the Company specifies otherwisespecified by us, be made required in the Currency of the Trading Account, based on your country of origin as displayed specified in your address and as shall be specified on the Trading Platform. The Company may We shall not, and you shall not request us to, convert any funds in the Client's monies standing to your credit or any payments made which have been paid by the Client you into their your Trading Account from in one currency to another upon request from the Clientcurrency. Comprehensive The detailed information regarding about deposit options can be found is shown on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves shall have the right to request additional information and/or the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Trading Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds. If the Client makes a deposit, the documents submitted Company shall credit the relevant Trading Account with the relevant amount actually received by the Company within one (1) Business Day following the amount is cleared in the bank account of the Company. If the funds sent by the Client are not deposited in the Trading Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation may be false deducted from his Trading Account or fake or suspects paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client is involved in illegal or fraudulent activity.
5.8shall have to provide the Company with the requested documents and certificates. The Company will shall effect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.12. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Trading Account, the Company shall process such instruction within five (5) Business Daysthe withdrawal request on the same day that the request was made, or the next working day if the client’s request is received outside of normal trading hours, if the following requirements are met:
a) : • the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details);
b) in the Personal Area; • the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and
c) • the available amount in account where the transfer is to be made belongs to the Client; • at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.
d) charges; • there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.
e; • the Client and must be fully verified according to Verification guidelines set forth on the Website. In case any of the above-mentioned conditions have not been met, the Company shall at its sole discretion take any necessary actions to ensure that (i) the identity of the Client is appropriately verified, (ii) the transfer is effected to the account that belongs to the Client, (iii) the Client has been fully verified during the registration and sufficient funds in his Client Account opening procedure.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled order to cancel the said withdrawal request and/or request additional information/documentsmaintain all Open Positions. It is agreed and understood that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.15. The funds will be returned in the same method and to the same account from which they originated. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.16. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account.
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit applicable fees may be found on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.18Company’s Website. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves We reserve the right to seek reimbursement from the Clientyou, if the Company receives we receive a chargeback request charge-back from Client’s any credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method method, for any reason. The Company We may obtain such reimbursement by charging the Client’s your Trading Account, deducting amounts from future payments owed to the Clientyou, charging his/her your credit card or obtaining reimbursement from the Client you by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s your Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Terms and Conditions
Deposits and Withdrawals. 5.117.1. Client’s funds held on a trading account will be deposited in an institution (the ‘Institution’) specified by the Company, on Client’s behalf. The Trading Account shall funds will be activated upon the Client depositing the Minimum Deposit Amount, according to the type of Client Account, as determined segregated by the Company and held in its sole discretion from time to timeaccordance with applicable regulations in a segregated client account. The Company may hold the funds of different customers in the same account.
5.217.2. The Client may deposit funds into the Client Trading Account at any time during the course of this Agreement. Deposits will be made via electronic wire transfer (where or any other the originator is the Client) acceptable methods accepted by the Company from time to time. The deposited amount reflected Company will not accept third party or anonymous payments in the Client’s Trading Account. Deposits for Margin and any other deposits due will, unless otherwise agreed or specified by us, be required in the Currency of the Trading Account, based on your country of origin as specified in your address and as shall be specified on the Trading Platform. We shall not, and you shall not request us to, convert any monies standing to your credit or which have been paid by you into your Trading Account in one currency to another currency. The detailed information about deposit options is shown on the Website.
17.3. The Client accepts that the funds will be deposited in the trading account on the value date received by the Institution, net of any transfer fees or other charges incurred by the Company that are imposed by the banking institution (or intermediary involved in the process) that holds the Fundsincurred.
5.3. Deposits for Margin and any other deposits owed must, unless the Company and the Client agree otherwise or the Company specifies otherwise, be made in the Currency of the Trading Account, as displayed on the Trading Platform17.4. The Company may convert any funds in the Client's credit or any payments made by the Client into their Trading Account from one currency to another upon request from the Client. Comprehensive information regarding deposit options can be found on the Company's Website.
5.4. Third party or anonymous payments of funds in the Client Account is not accepted.
5.5. If funds are credited into the Client’s Account and if the Client knows or should in good faith know that such funds were credited erroneously, the Client shall notify the Company immediately of such deposit(s) and shall return the funds as specified by the Company.
5.6. The Client accepts that the Funds shall be deposited in his/her Account only if the Company is satisfied that the sender of the Funds is the Client or his/her authorised representative; if not, the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds. The Client hereby confirms that any funds deposited in his/her account(s) held with the Company, belong solely to the Client and do not bear any third-party rights. The Company will not be held liable should the funds deposited by the Client bear any third-party rights.
5.7. The Company reserves have the right to request additional information and/or the Client at any time any documentation to satisfy itself that the request is legitimate and to confirm the source of funds deposited into the Client’s Trading Account. In addition, the The Company reserves shall have the right to reject such a request deposit of the Client if it deems that this may the Company is not be legitimateduly satisfied as to the legality of the source of funds.
17.5. If the funds sent by the Client are not deposited in the Trading Account when they were supposed to, the documents submitted Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation may be false deducted from his Trading Account or fake or suspects paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client is involved in illegal or fraudulent activityshall have to provide the Company with the requested documents and certificates.
5.817.6. The Company will effect shall affect withdrawals of Client’s Client funds upon the receipt of an application for withdrawal Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
5.9. All Trading Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time.
5.10. The Client accepts that any withdrawal of funds shall be concluded using the same remitter as the one which the Company originally received the funds requested net of any transfer fees or other charges incurred by the Company.
5.11. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative.
5.1217.7. Upon the Company receiving an instruction from the Client to withdraw funds from the Client Trading Account, the Company shall process such instruction within five (5) Business Daysthe withdrawal request as soon as possible, if the following requirements are met:
(a) the withdrawal instruction(s) had included instruction includes all necessary information (including but not limited to: Account Name, Amount, Currency, Bank Account details)in the Personal Area;
(b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; andClient (supporting documentation will be requested);
(c) the available amount in account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Trading Account is equal or in excess of Balance exceeds the withdrawal amount specified in the withdrawal instructions after instruction including all payment charges at the point of making transfer instructions have been taken into account.charges;
d(e) there is no Force Majeure event which prohibits prohibiting the Company from effecting the withdrawal.
e(f) the Client must be fully verified according to Verification guidelines set forth on the Website. In case any of the above-mentioned conditions have not been met, the Company shall at its sole discretion take any necessary actions to ensure that (i) the identity of the Client is appropriately verified, (ii) the transfer is effected to the account that belongs to the Client, (iii) the Client has been fully verified during the registration and sufficient funds in his Client Account opening procedurein order to maintain all Open Positions.
5.13. The Client acknowledges and agrees that, where the requirements outlined in paragraph 5.12 are not met, the Company will be entitled to cancel the said withdrawal request and/or request additional information/documents17.8. It is agreed and understood that if the client fails to timely provide the Company with the requested information, the Company will be entitled to cancel the said withdrawal request.
5.14. Withdrawals withdrawals will only be effected towards the Client. The Company will not effect to make withdrawals to any other third party or anonymous account.
5.1517.9. The funds will be returned in the same method and to the same account from which they originated. The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method.
17.10. All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the Client relevant Trading Account for these charges.
5.1617.11. Withdrawal fees may apply from time to time depending on the Client or type of Trading Account. The applicable fees may be found on the Company’s Website trading fees .
5.17. The Client acknowledges and agrees that, in the event of a withdrawal request without any activity following the most recent deposit on the Trading Account, the Company may charge an amount equivalent to any deposit fees incurred by the Company or charge a percentage (%) of the total withdrawal amount as per the Fees and Charges schedule found on our website.
5.1817.12. Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.
5.19. The Company reserves the right to seek reimbursement from the Client, if the Company receives a chargeback request from Client’s credit card issuer or from Client’s alternative payment method provider, or a recall from Client’s bank or with respect to any other payment method for any reason. The Company may obtain such reimbursement by charging the Client’s Trading Account, deducting amounts from future payments owed to the Client, charging his/her credit card or obtaining reimbursement from the Client by any other lawful means. All bank charges howsoever arising will be deducted from the Client’s Trading Account.
5.20. Additionally, in case of a dispute, claim, and/or chargeback received from Client’s credit card issuer or any other payment method the Client uses, the Client acknowledges that the Company has the right to take further actions at its discretion including any or all of the following: • immediately close any or all of Client’s open Transactions whether at a loss or a profit and debit or credit, respectively, his/her Trading Account in accordance with Section 16.2, with or without any notice; • immediately place restrictions on the Client’s Trading Account with or without any notice, including:
i. the restriction on making deposits using any payment method to Client Trading Account, even in cases of margin call(s), ii. the restriction on requesting withdrawals, iii. the restriction on opening new positions on the Trading Platform; the duration of the restrictions will be set at the Company’s discretion
Appears in 1 contract
Sources: Client Agreement