Common use of Client Funds Clause in Contracts

Client Funds. 22.1. Funds belonging to you that will be used for trading purposes will be kept in an account with any bank or financial institution used to accept funds and will be held in the Company’s name. It is understood that the Company may hold funds on behalf of you in a bank established outside the European Union. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency or any other analogous events in relation to that bank, your funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. 22.2. It is commonly understood that any amount payable by the Company to you, shall be paid directly to your Credit/Debit Card or Bank Account according to the payment method you have used to deposit. Fund transfer requests are processed by the Company within the time period specified on the Company’s official website and the time needed for crediting into your personal account will depend on your bank account provider. 22.3. The Company retains a right of set off and may, at its discretion, from time to time and without your authorization, set-off any amounts held on behalf and/or to the credit of you against your obligation to the Company. Unless otherwise agreed in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities. 22.4. You have the right to withdraw the funds which are not used for margin covering, free from any obligations from your Account without closing the said Account. 22.5. The Company reserves the right to decline a withdrawal request if the request is not in accordance with certain conditions mentioned in this Agreement or delay the processing of the request if not satisfied on full documentation provided. 22.6. It is within your terms that any incurring bank fees will be paid by you in case of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment details that you provided to the Company and the Company accepts no responsibility if you have provided false or inaccurate bank details. 22.7. You agree that any amounts sent by you in the Company’s bank accounts, will be deposited to your 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. In order for the Company to accept any deposits from you, the identification of the sender must be verified and ensure that the person depositing the funds is you. If these conditions are not met, the Company reserves the right to refund the net amount deposited via the method used by the depositor. 22.8. The Company reserves the right to decline a withdrawal with specific payment method and to suggest another payment method where you need to complete a new withdrawal request. In the event that the Company is not fully satisfied with the documentation provided in relation to a withdrawal request, the Company can request for additional documentation and if the request is not satisfied, the Company can reverse the withdrawal request and deposit the funds back to your Account. 22.9. When a withdrawal application is submitted, the Company will process the withdrawal within one working day. The withdrawal applications which have not been received during business working hours and/or on during business days will be processed the next business day. When your withdrawal application is approved, it may take time for the banks and/or payment processors to process the payment, in these cases the Company shall not be held liable for such delays. 22.10. In the event that any amount received by a bank account is reversed by the bank account provider at any time and for any reason, the Company will immediately reverse the affected deposit from your Account and further reserves the right to reverse any other 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 of your Account(s). 22.11. You agree to waive any of your rights to receive any interest earned in the funds held in the bank account where your funds are kept.

Client Funds. 22.1. Funds belonging to you that will be used for trading business purposes will be kept held in an account with any bank or financial institution used to accept funds funds, which the Company will specify from time to time and will be held in the name of the Company’s name. The Company shall exercise due skill, care and diligence in the selection, appointment and periodic review of the credit institution, bank, money market fund, PSP and liquidity provider with which it collaborates, in order to ensure the safeguarding of client funds. The Company will also take into account the market reputation of such institutions to ensure the protection of client funds. It is understood that the Company may will hold funds on your behalf of you in a bank established outside the European Unionbank. The legal and regulatory regime applying applicable to any such a bank might may be different from the legal and regulatory regime in Cyprus of St. Xxxxxxx and the European Union and Grenadines and, in the event of the insolvency or any other analogous events event in relation to that bank, your its funds may be treated differently from the treatment which that would apply if the funds were held with in a bank in an account in Cyprus St. Xxxxxxx and the European UnionGrenadines. The Company will shall not be liable for the insolvency, acts or omissions of any third party referred to in this clause. 22.2. It is commonly understood that any amount payable by the Company to you, shall will be paid directly to your Credit/Debit Card or Bank Account according you, to the payment method you have same account that was used to deposit. Fund transfer requests are processed by the client to deposit money with the Company within for the time period specified account opening process, of which the ultimate beneficiary is you. In case of a positive cash balance in the retail client's trading account, the Company will process the client's request to withdraw funds on the Company’s official website and same day the request to withdraw funds was made, or the next business day if the client's request is received outside normal trading hours. And the time needed for crediting into to make the credit to your personal account will depend on your bank account provider. 22.3. The Company retains a reserves the right of set set-off and may, at its discretion, from time to time and without your authorization, set-set off any amounts held withheld on your behalf and/or to the credit of you against your obligation to the Company. Unless otherwise agreed in writing by the Company and you, this Agreement shall will not give rise to rights of credit facilities. 22.4facility rights. You have the right to withdraw the funds which that are not used for margin coveringhedging, free from of any obligations obligation from your Account without closing the said such Account. 22.5. The Company reserves the right to decline reject a withdrawal request if the request is not in accordance with certain conditions mentioned in this Agreement or delay the processing of the request if it is not satisfied on full with the complete documentation provided. 22.6. It is within your its terms that you will pay any incurring bank fees will be paid by you incurred in case of withdrawals of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment details that you provided to the Company and the Company accepts no responsibility liability if you have provided false or inaccurate bank details. 22.7. You agree that any amounts amount sent by you in to the Company’s 's bank accounts, accounts will be deposited to into your trading account at on the value date of the payment received and net of any charges/fees charged by the Bank Account bank account providers or any other intermediary intermediaries involved in such transaction process. In order for the Company to accept any deposits deposit from you, the identification of the sender sender's ID must be verified and ensure that the person depositing the funds is you. If these conditions are not met, the Company reserves the right to refund the net deposited amount deposited via the method used by the depositor. 22.8. The Company reserves the right to decline refuse a withdrawal with a specific payment method and to suggest another payment method where you need to complete a new withdrawal request. In the event that the Company is not fully completely satisfied with the documentation provided in relation to connection with a withdrawal request, the Company can may request for additional documentation and and, if the request is not satisfied, the Company can may reverse the withdrawal request and deposit the funds back to into your Account. 22.9trading account. When a withdrawal application request is submitted, the Company will process the withdrawal within one working business day. The withdrawal applications which Withdrawal requests that have not been received during business working hours and/or on during business days will be processed dealt with on the next business day. When your withdrawal application request is approved, it may take time for the banks and/or payment processors to process the payment, in these cases the Company shall will not be held liable responsible for such delays. 22.10. In the event that any amount received by a bank account in the Bank Accounts is reversed by the bank account Bank Account provider at any time and for any reason, the Company will immediately reverse the affected deposit from your Account trading account and further reserves the right to reverse any other type types of transactions effected made after the date of the affected deposit. It is understood that these actions may result in a negative balance in all or any of your Account(strading account(s). 22.11. You agree to waive any of your rights to receive any interest earned in the on funds held in the bank account Bank Account where your funds are keptheld. All withdrawals will be charged with the actual bank charges and outbound transfer fee plus any other out-of-pocket expenses. To find out the indicative prices for transfers abroad, now in force, click here. There is no fee to withdraw by credit card, however, any withdrawal via bank transfer will accompany a $30 processing fee. Once a withdrawal request is submitted, the Company will process the withdrawal within one business day. Withdrawal requests that have been received during business hours and/or during business days will be dealt with on the next business day. When your withdrawal request is approved, it may take time for banks and/or payment processors to process the payment, in these cases the Company will not be liable for such delays." Inactive Account Procedure You acknowledge and confirm that any trading account held with the Company in which you have not made a trade and/or a deposit for a period exceeding ninety (90) days, will be classified by the Company as an Inactive Account. Inactive Accounts that remain without any transactions for a period of six (6) months are considered inactive. Managing Inactive Accounts: Inactive accounts with zero balances are closed and the customer is notified via email. Inactive accounts with balances are charged $30.00 per month for management fees during the period in which They remain inactive and are closed when their balance becomes null and the customer is notified accordingly. In the event that the six-month period that the account remains inactive expires and the account has a balance of less than $99.00, the account will continue to be charged for administrative fees until the balances become void and the account is closed. Accounts with balances greater than $99.00 are transferred to inactive accounts. Handling Inactive Accounts: It is the Company's policy not to maintain Inactive Accounts. However, in the event that, for any reason, an inactive account remains inactive for an additional period of 6 months, the account will be considered as a Xxxxxx Account. The inactive account is refunded via bank transfer*. If this is not possible and communication with the customer fails, the account is closed and the balance is transferred to a separate account called "Unclaimed Balances" after 2 weeks from the date of the 1st inactive account communication. A list of the accounts transferred to unclaimed balances in the Company will be maintained for a period of not less than 5 years. Unclaimed balances are transferred to the profit and loss account after 12 months. * Withdrawals will be charged at the actual bank charges and outbound transfer fee plus any other out-of-pocket expenses. To see the indicative prices of transfers abroad, now in force, click here.

Client Funds. 22.1. Funds belonging to you that will be used for trading purposes will be kept in an account a segregated bank ac- count, or accounts with any bank or financial institution institution, used to accept funds and will be held in the Company’s name. It is understood that which the Company may hold funds will specify from time to time. By accepting the Agreement, you authorize the Company to make any deposits and withdrawals from the Bank Account on your behalf, including, without prejudice to the generality of the above, with- drawals for the settlement of all transactions undertaken under the Agreement, and all amounts, which are payable by, or on behalf of you in a bank established outside the European Union. The legal and regulatory regime applying Client to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency Company, or any other analogous events in relation to that bank, your funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. 22.2person. It is commonly understood that any amount amount, payable by the Company to you, shall be paid directly to your Credit/Debit Card or Bank Account according you to a bank account, the payment method you have used to depositbeneficial owner of which is you. Fund transfer requests are processed by the Company within the time period specified on the Company’s official website website, and the time needed for crediting into your personal account will depend on your bank account provider. 22.3. The Company retains a right of set set-off and may, at its discretion, from time to time time, and without your authorization, set-off any amounts held on behalf and/or to the credit of you you, against your obligation to the Company. Unless otherwise agreed agreed, in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities. 22.4. You have the right to withdraw the funds which are not used for margin covering, free from any obligations ob- ligations from your Account Account, without closing the said Account. 22.5. The Company reserves the right to decline a withdrawal request request, if the request is not in accordance with certain conditions conditions, mentioned in this Agreement Agreement, or delay the processing of the request request, if not satisfied on full documentation provided. 22.6pro- vided. It is within your terms that any incurring bank fees will be paid by you you, in case of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment pay- ment details that you provided to the Company and the Company accepts no responsibility if you have provided false or inaccurate bank details. 22.7. You agree that any amounts sent by you in the Company’s bank accounts, will be deposited to your trading account account, at the value date of the payment received received, and net of any charges/fees charged by the Bank Account providers providers, or any other intermediary involved in such transaction process. In order for For the Company to accept any deposits from by you, the identification of the sender must be verified by verified, and ensure that the person depositing the funds is you. If these conditions are not met, the Company reserves the right to refund the net amount amount, deposited via the method used by the depositor. 22.8. The Company reserves the right to decline a withdrawal withdrawal, with specific payment method and to suggest sug- gest another payment method method, where you need to complete a new withdrawal request. In If the event that the Company Com- pany is not fully satisfied with the documentation documentation, provided in relation to a withdrawal request, the Company can request for additional documentation documentation, and if the request is not satisfied, the Company can reverse the withdrawal request and deposit the funds back to your Account. 22.9trading account. When a withdrawal application request is submitted, the Company will may take up to three to seven (3 – 7) business days to process the withdrawal within one working day. The withdrawal applications which have not been received during business working hours and/or on during business days will be processed request and for the next business dayfunds to reflect into your bank account. When your withdrawal application is approved, it may take time kindly provide for the banks and/or payment processors three (3) additional days, for your funds to process the payment, re- flect in these cases the Company shall not be held liable for such delays. 22.10your account. In the event that If any amount received by a bank account in the Bank Accounts is reversed by the bank account provider Bank Account provider, at any time and for any reason, the Company will immediately reverse the affected deposit from your Account trading ac- count, and further reserves the right to reverse any other type of transactions transactions, effected after the date of the affected deposit. It is understood that these actions may result in a negative balance in all all, or any any, of your Account(s). 22.11. You trading account(s).You agree to waive any of your rights to receive any interest interest, earned in the funds held in the bank account Bank Account, where your funds are kept.

Client Funds. 22.119.1. Funds belonging to you that will be used for trading purposes will be kept in an account with any bank or financial institution used to accept funds and will be held in the Company’s name. It is understood that the Company may hold funds on behalf of you in a bank established outside the European UnionSeychelles. The legal and regulatory regime applying to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union Seychelles and in the event of the insolvency or any other analogous events in relation to that bank, your funds may be treated differently from according to the treatment which would apply if applicable laws of the funds were held with a bank in an account in Cyprus and the European Unionparticular jurisdiction. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clause. 22.219.2. It is commonly understood that any amount payable by the Company to you, shall be paid directly to your Credit/Debit Card or Bank Account according to the payment method you have used to deposit. Fund transfer requests are processed by the Company within the time period specified on the Company’s official website and the time needed for crediting into your personal account will depend on your bank account provider. 22.319.3. The Company retains a right of set off and may, at its discretion, from time to time and without your authorization, set-off any amounts held on behalf and/or to the credit of you against your obligation to the Company. Unless otherwise agreed in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities. 22.419.4. You have the right to withdraw the funds which are not used for margin covering, free from any obligations from your Account without closing the said Account. 22.519.5. The Company reserves the right to decline a withdrawal request if the request is not in accordance with certain conditions mentioned in this Agreement or delay the processing of the request if not satisfied on full documentation provided. 22.6. It is within your terms that any incurring bank fees will be paid by you in case of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment details that you provided to the Company and the Company accepts no responsibility if you have provided false or inaccurate bank details. 22.719.6. You agree that any amounts sent by you in the Company’s bank accounts, will be deposited to your 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. In order order, for the Company to accept any deposits from you, the identification of the sender must be verified and ensure that the person depositing the funds is you. If these conditions are not met, the Company reserves the right to refund the net amount deposited via the method used by the depositor. 22.819.7. The Company reserves the right to decline a withdrawal with specific payment method and to suggest another payment method where you need to complete a new withdrawal request. In the event that the Company is not fully satisfied with the documentation provided in relation to a withdrawal request, the Company can request for additional documentation and if the request is not satisfied, the Company can reverse the withdrawal request and deposit the funds back to your Account. 22.919.8. When a withdrawal application is submitted, the Company will process the withdrawal within one working dayas soon as practicable possible. The withdrawal applications which have not been received during business working hours and/or on during business days will be processed the next business day. When your withdrawal application is approved, it may take time for the banks and/or payment processors to process the payment, in these cases the Company shall not be held liable for such delays. 22.1019.9. In the event that any amount received by a bank account is reversed by the bank account provider at any time and for any reason, the Company will immediately reverse the affected deposit from your Account and further reserves the right to reverse any other 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 of your Account(s). 22.1119.10. You agree to waive any of your rights to receive any interest earned in the funds held in the bank account where your funds are kept. 19.11. When you withdraw funds from your Trading Account, a minimum withdrawamount shall be required. The exact minimum will be based on the currency denomination of the Client Account and shall be published on the Company’s website. It shall be clear for the removal of doubt that the minimum withdrawal fee may be amended from time to time, at the Company’s sole discretion. You should review the Company’s website from time to time to check for any amendments.

Client Funds. 22.11. Funds belonging to you that will be used for trading purposes will be kept in an account a segregated account, or accounts with any bank or financial institution institution, used to accept funds and will be held in the Company’s name. It is understood that the Company may hold funds will specify from time to time. 2. By accepting the Agreement, you authorize the Company to make any deposits and withdrawals from the Bank Account on your behalf, including, without prejudice to the generality of the above, withdrawals for the settlement of all transactions undertaken under the Agreement, and all amounts, which are payable by, or on behalf of you in a bank established outside the European Union. The legal and regulatory regime applying Client to any such bank might be different from the legal and regulatory regime in Cyprus and the European Union and in the event of the insolvency Company, or any other analogous events in relation to that bank, your funds may be treated differently from the treatment which would apply if the funds were held with a bank in an account in Cyprus and the European Union. The Company will not be liable for the insolvency, acts or omissions of any third party referred to in this clauseperson. 22.23. It is commonly understood that any amount amount, payable by the Company to you, shall be paid directly to your Credit/Debit Card or Bank Account according you to a bank account, the payment method you have used to depositbeneficial owner of which is you. Fund transfer requests are processed by the Company within the time period specified on the Company’s official website website, and the time needed for crediting into your personal account will depend on your bank account provider. 22.34. The Company retains a right of set set-off and may, at its discretion, from time to time time, and without your authorization, set-set off any amounts held on behalf and/or to the credit of you you, against your obligation to the Company. Unless otherwise agreed agreed, in writing by the Company and you, this Agreement shall not give rise to rights of credit facilities. 22.45. You have the right to withdraw the funds which are not used for margin covering, free from any obligations from your Account Account, without closing the said Account. 22.5. The Company reserves the right to decline a withdrawal request request, if the request is not in accordance with certain conditions conditions, mentioned in this Agreement Agreement, or delay the processing of the request request, if not satisfied on full documentation provided. 22.66. It is within your terms that any incurring bank fees will be paid by you you, in case of funds withdrawals from your trading account to your designated bank account. You are fully responsible for the payment details that you provided to the Company and the Company accepts no responsibility if you have provided false or inaccurate bank details. 22.77. You agree that any amounts sent by you in the Company’s bank accounts, will be deposited to your trading account account, at the value date of the payment received received, and net of any charges/fees charged by the Bank Account providers providers, or any other intermediary involved in such transaction process. In order for For the Company to accept any deposits from by you, the identification of the sender must be verified by verified, and ensure that the person depositing the funds is you. If these conditions are not met, the Company reserves the right to refund the net amount amount, deposited via the method used by the depositor. 22.88. The Company reserves the right to decline a withdrawal withdrawal, with specific payment method and to suggest another payment method method, where you need to complete a new withdrawal request. In the event that If the Company is not fully satisfied with the documentation documentation, provided in relation to a withdrawal request, the Company can request for additional documentation documentation, and if the request is not satisfied, the Company can reverse the withdrawal request and deposit the funds back to your Accounttrading account. 22.99. When a withdrawal application request is submitted, the Company will may take up to three (3) business days to process the withdrawal within one working day. The withdrawal applications which have not been received during business working hours and/or on during business days will be processed the next business dayrequest. When your withdrawal application is approved, it may take time please wait for the banks and/or payment processors to process the paymentthree (3) additional days, before seeing your funds in these cases the Company shall not be held liable for such delaysyour account. 22.1010. In the event that If any amount received by a bank account in the Bank Accounts is reversed by the bank account provider Bank Account provider, at any time and for any reason, the Company will immediately reverse the affected deposit from your Account trading account, and further reserves the right to reverse any other type of transactions transactions, effected after the date of the affected deposit. It is understood that these actions may result in a negative balance in all all, or any any, of your Account(strading account(s). 22.1111. You agree to waive any of your rights to receive any interest interest, earned in the funds held in the bank account Bank Account, where your funds are kept.