Common use of Withdrawals and fees Clause in Contracts

Withdrawals and fees. 3.1 If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. Required Number of Lots = Credit Token Amount * 0.5 One Lot shall be 100 000 (one hundred thousand) Units of trading currency 3.2 Trades under 5 min/ “scalping” – can be subjected to cancellation and the account can be suspended until the Risk committee decides further action. 3.3 If the Client has accepted a Credit Token equal to at least 50% of the Client’s deposit amount and has not achieved a trading volume equal to the Required Number of Lots divided by 4, any withdrawals that the Client makes will be subject to an additional withdrawal fee equal to 20% of the Client’s Withdrawal Amount. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token and profit will become null and void and the Client’s losses, if any, will be deducted from the funds available for withdrawal. 3.4 Credit Tokens awarded by Nexus P Capital must be used to place trades. If a client has not achieved a turnover equivalent to the Required Number of Lots divided by 4 within 3 months of receiving a Credit Token, Nexus P Capital has the right to cancel the Credit Token and remove it from the Client's account. 3.5 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading losses, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits less the Client’s total trading losses. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token will become null and void, and the Client’s total losses will be deducted from the funds available for withdrawal. 3.6 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading profits, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token amount will become null and void, the Client’s profits will be forfeited, and only the Client’s deposited funds will be available for withdrawal. 3.7 Clients can only make withdrawals provided they have no positions open at the time of making a withdrawal request. 3.8 Examples of Trading Balance and Withdrawal Balance calculations are provided below: 3.8.1 Example 1

Appears in 1 contract

Sources: Credit Token Agreement

Withdrawals and fees. 3.1 ● 4.1. If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. Required Number of Lots = Credit Token Amount * 0.5 One Lot lot shall be 100 000 (one hundred thousand) Units of trading currency 3.2 ● 4.2. Trades under 5 min/ “scalping” – can be subjected to cancellation and the account can be suspended until the Risk committee decides further action. 3.3 ● 4.3. If the Client has accepted a Credit Token equal to at least 50% of the Client’s deposit amount and has not achieved a trading volume equal to the Required Number of Lots divided by 4, any withdrawals that the Client makes will be subject to an additional withdrawal fee equal to 2050% of the Client’s Withdrawal Amount. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token and profit will become null and void and the Client’s losses, if any, will be deducted from the funds available for withdrawal. 3.4 ● 4.4. Credit Tokens awarded by Nexus P Capital SFC Market must be used to place trades. If a client has not achieved a turnover equivalent to the Required Number of Lots divided by 4 within 3 months of receiving a Credit Token, Nexus P Capital SFC Market has the right to cancel the Credit Token and remove it from the Client's ’s account. 3.5 ● 4.5. If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading losses, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits less the Client’s total trading losses. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token will become null and void, and the Client’s total losses will be deducted from the funds available for withdrawal. 3.6 ● 4.6. If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading profits, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token amount will become null and void, the Client’s profits will be forfeited, and only the Client’s deposited funds will be available for withdrawal. 3.7 ● 4.7. With each Credit Token added with the Client’s permission to the Client’s account, there is an increase in that trading account’s required turnover, as per this agreement, before the Client is eligible for a withdrawal from the Client’s trading account. ● 4.8. Clients can only make withdrawals provided they have no positions open at the time of making a withdrawal request. 3.8 ● 4.9. Examples of Trading Balance and Withdrawal Balance calculations are provided below: 3.8.1 Example 1

Appears in 1 contract

Sources: Credit Token Agreement

Withdrawals and fees. 3.1 If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. Required Number of Lots = Credit Token Amount * 0.5 One Lot shall be 100 000 (one hundred thousand) Units of trading currency. 3.2 Trades under 5 min/ “scalping” – can be subjected to cancellation and the account can be suspended until the Risk committee decides further action. 3.3 If the Client has accepted a Credit Token equal to at least 50% of the Client’s deposit amount and has not achieved a trading volume equal to the Required Number of Lots divided by 4, any withdrawals that the Client makes will be subject to an additional withdrawal fee equal to 20% of the Client’s Withdrawal Amount. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token and profit will become null and void and the Client’s losses, if any, will be deducted from the funds available for withdrawal. 3.4 Credit Tokens awarded by Nexus P Capital EGM FINANCE must be used to place trades. If a client has not achieved a turnover equivalent to the Required Number of Lots divided by 4 within 3 months of receiving a Credit Token, Nexus P Capital EGM FINANCE has the right to cancel the Credit Token and remove it from the Client's account. 3.5 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading losses, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits less the Client’s total trading losses. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token will become null and void, and the Client’s total losses will be deducted from the funds available for withdrawal. 3.6 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading profits, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token amount will become null and void, the Client’s profits will be forfeited, and only the Client’s deposited funds will be available for withdrawal. 3.7 Clients can only make withdrawals provided they have no positions open at the time of making a withdrawal request. 3.8 Examples of Trading Balance and Withdrawal Balance calculations are provided below: 3.8.1 Example 1

Appears in 1 contract

Sources: Credit Token Agreement