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Common use of Deposit and Withdrawal Clause in Contracts

Deposit and Withdrawal. 10.1. The Client may deposit funds into the Trading Account at any time. All payments to the Company shall be made in accordance with the Payment Instructions set forth on the Company’s Website. Under no circumstances will third party or anonymous payments be accepted. 10.2. In case the nature of the deposit does not allow instant payment processing (bank wire, etc), the Client shall create a Deposit Request in the Personal Area. Failure to do so will lead to a deposit delay. 10.3. It is the Client’s sole responsibility to create Deposit Requests in his or her Personal Area and to fill them in a correct and proper way. Failure to do so will lead to a deposit delay. 10.4. The Client may withdraw funds from the Trading Account at any time in accordance with the procedure described in paragraph 13.5. 10.5. If the Client requests to withdraw funds from the Trading Account, the Company shall pay the specified amount within three (3) Business Days after the request has been accepted if the following conditions are met: 10.5.1. Withdrawal request contains all necessary information 10.5.2. The request is to perform funds transfer to the Client’s bank account or e-currency account (under no circumstances will payments to third party or anonymous accounts be accepted), and 10.5.3. Client’s Free Margin exceeds or equals to the amount specified in the withdrawal request including all payment charges. 10.6. The Company shall debit the Client’s Trading Account for all payment charges (if applicable). 10.7. As per Company’s AML Policy, to prevent the Client from money laundering or terrorist financing, the Company establishes that the Сlient shall use the same methods to withdraw funds as he or she did to deposit funds. If the Client deposits funds to his or her Trading Account via multiple payment methods, the Client shall withdraw funds using the same payment methods. In this case, the ratio of withdrawable amounts to one another shall be directly proportional to the ratio of deposited amounts. 10.8. In exceptional cases (such as Force Majeure circumstances, termination of payment system operation, etc.), the Company is entitled to decline the Client’s funds withdrawal in any payment system. Such cases shall be considered on a case by case basis. 10.9. To provide financial security for the Client, in some cases the Company reserves a right to withdraw Client’s funds only to his or her bank account. 10.10. For security and/or compliance reasons, the Company reserves the right to demand the Client's complete identification data. The Company also reserves the right to refuse to provide the Services to the Client who fails to pass the control check by phone and fails to answer basic questions concerning the Client’s Personal Area: 10.10.1. Following the request of the Company, the Client shall send to the Company advanced selfies and/or regular selfies with the requested identification documents, such as passport, other types of ID, address proof, bank reference letter, and/or any other relevant documents not listed here 10.10.2. Should such request be made by the Company, the Client shall have 14 (fourteen) calendar days to collect and send advanced selfies and/or regular selfies with the requested documents to the Company 10.10.3. If the Client does not send advanced selfies and/or regular selfies with the requested documents within the mentioned 14-day period, the Client's account shall be irreversibly blocked, and the Client’s personal funds, excluding profits, shall be refunded 10.10.4. No profits shall be paid and no losses shall be reimbursed for such accounts 10.10.5. For the purposes of this clause, an ‘advanced selfie’ shall mean a selfie of a person made with a requested document and a sheet of paper with the current date and the word ‘Orfinex’ written on it. 10.11. Internal transfers (that is, transfers from one trading account to another within the Company) between third parties are prohibited. 10.11.1. Any deposit made through a third-party or local deposit agent is not permitted or allowed. In the event that such a deposit is made, the same method will be used for withdrawal as well. 10.11.2. We bear complete responsibility for deposits made directly into our official bank accounts or wallets. Any third-party deposit will not be under our responsibility. 10.11.3. Deposit method in any trading account should be the same. For example, if you have deposited through USDT (TRC-20), then other deposits should be done with the same method for quicker withdrawals. Otherwise, delays can be possible. 10.11.4. We bear no responsibility for deposits done through cash vouchers and external transfers from any third-party. 10.11.5. Bank withdrawals can take up to 3 - 7 working days as standard processing time. However, it may take more time than the given time due to any compliance. 10.12. If the Client has an obligation to pay any amount to the Company that exceeds the Trading Account Equity, the Client shall pay the amount of excess forthwith upon the obligation arising 10.13. All incoming payments shall be credited to the Client’s Trading Account no later than within one (1) Business day after the funds have been received by the Company. 10.14. The Client acknowledges and agrees that when a payment is due and sufficient funds have not yet been credited to the Client’s Trading Account, the Company shall be entitled to treat the Client as having failed to make a payment and to exercise its rights in compliance with the Agreement. 10.15. The Client shall make any margin payments or other due payments in US dollars, Euros, and other currencies accepted by the Company. The payment amount will be converted into the Trading Account Currency at the current market rate. 10.16. The Company is entitled but not obliged to cover deposit and withdrawal fees applied by Xxxxxx, Neteller, FasaPay, or any other payment processors. Such fees can be charged from the Client in cases which the Company deems appropriate.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

Deposit and Withdrawal. 10.113.1. The Client may deposit funds into the Trading Account at any time. All payments to the Company shall be made in accordance with the Payment Instructions set forth on at the Company’s Website. Under no circumstances will third party or anonymous payments be accepted. 10.213.2. In case the nature of the deposit means does not allow instant payment processing (bank wire, etc), the Client shall is to create a Deposit Request in the Personal Area. Failure to do so will lead to a deposit delaydelays in account deposit. 10.313.3. It is the Client’s sole responsibility to create Deposit Requests in his or his/her Personal Area and to fill them in a correct and proper way. Failure to do so will lead to a deposit delaydelays in account deposit. 10.413.4. The Client may withdraw funds from the Trading Account at any time in accordance with the procedure procedures as described in paragraph 13.5. 10.513.5. If the Client requests to withdraw funds from the Trading Account, the Company shall pay the specified amount within three (3) Business Days after once the request has been accepted accepted, if the following conditions are met: 10.5.113.5.1. Withdrawal request contains all necessary information; 10.5.213.5.2. The request is to perform funds transfer to the Client’s bank account or e-currency account (under no circumstances will payments to third party or anonymous accounts be accepted), ; and 10.5.313.5.3. Client’s Free Margin exceeds or equals to the amount specified in the withdrawal request including all payment charges. 10.613.6. The Company shall debit the Client’s Trading Account for all payment charges (if applicable). 10.713.7. As per Company’s AML PolicyIn case the account was deposited by various means, to prevent the Client from money laundering or terrorist financing, the Company establishes that the Сlient withdrawal shall use be performed via the same methods to withdraw funds as he or she did to deposit funds. If the Client deposits funds to his or her Trading Account via multiple payment methods, the Client shall withdraw funds using the same payment methods. In this case, the ratio of withdrawable amounts to one another shall be directly proportional means proportionally to the ratio of deposited amounts. 10.813.8. In exceptional cases (such as Force Majeure circumstances, termination of payment system operationoper- ation, etc.), the ) Company is entitled to decline the Client’s funds withdrawal in any this payment system. Such cases shall be considered on a case by case basis. 10.913.9. To provide financial security for the Client, Client in some cases the Company reserves a right to withdraw with- draw Client’s funds only to his or his/her bank account. 10.1013.10. In case an account was funded via debit or credit card and a withdrawal request is submitted within 60 days from the date of deposit, the funds may be credited back to the same card. Up to 100% of the initial deposit may be withdrawn to the card. The amount over the initial deposit can be withdrawn via bank wire. 13.11. If an account was funded via debit or credit card, a card copy may be required to process a withdrawal. The copy must contain the first 6 digits and the last 4 digits of the card number, cardhold- er’s name, expiry date and cardholder’s signature. 13.12. For security and/or compliance reasons, reasons the Company reserves the a right to demand the Client's ’s complete identification data. The Company also reserves the right to refuse to provide the Services to the Client who fails to pass the control check by phone and fails to answer basic questions concerning the Client’s Personal Area: 10.10.1. Following the request of the Company, the Client shall send to the Company advanced selfies and/or regular selfies with the requested identification documents, such as passport, other types of IDID copy, address proofproof copy, bank reference letter, and/or any letter and other relevant documents not listed here 10.10.2documents, apostilled or certified by a notary. Should such request demand be made by the Company, the Client shall will have 14 (fourteen) calendar 30 days to collect and send advanced selfies and/or regular selfies with the full set of requested documents to the Company 10.10.3. If In case the Client does not send advanced selfies and/or regular selfies with the requested set of documents within the mentioned 14-day 30 days period, his account will be blocked without the Client's account shall ability to be irreversibly blockedreinstated, and the Client’s personal funds, excluding profits, shall be deposit(s) refunded 10.10.4. No profits shall will be paid and no or losses shall be reimbursed for such accounts 10.10.5. For the purposes of this clause, an ‘advanced selfie’ shall mean a selfie of a person made with a requested document and a sheet of paper with the current date and the word ‘Orfinex’ written on it. 10.1113.13. Internal transfers (that is, transfers from one trading account to another within the Company) between third parties are prohibited. 10.11.1. Any deposit made through a third-party or local deposit agent is not permitted or allowed. In the event that such a deposit is made, the same method will be used for withdrawal as well. 10.11.2. We bear complete responsibility for deposits made directly into our official bank accounts or wallets. Any third-party deposit will not be under our responsibility. 10.11.3. Deposit method in any trading account should be the same. For example, if you have deposited through USDT (TRC-20), then other deposits should be done with the same method for quicker withdrawals. Otherwise, delays can be possible. 10.11.4. We bear no responsibility for deposits done through cash vouchers and external transfers from any third-party. 10.11.5. Bank withdrawals can take up to 3 - 7 working days as standard processing time. However, it may take more time than the given time due to any compliance. 10.1213.14. If the Client has an the obligation to pay any amount to the Company that which exceeds the Trading Account Equity, Equity the Client shall pay the amount of excess forthwith upon the obligation arising. 10.1313.15. All incoming payments shall be credited to the Client’s Trading Account no later than within one one (1) Business day after the funds have been are received by the Company. 10.1413.16. The Client acknowledges and agrees that when a payment where an amount is due and sufficient payable to the Company in accordance with the Agreement and suflcient funds have are not yet been credited to the Client’s Trading Account, the Company shall be entitled to treat the Client as having failed to make a payment to the Company and to exercise its rights in compliance with the Agreement. 10.1513.17. The Client shall make any margin payments or other payments due payments in US dollars, Euros, and other currencies accepted by the Company. The payment amount will be converted into the Currency of the Trading Account Currency at the current market rate. 10.1613.18. The Company is entitled but not obliged to cover deposit and withdrawal fees applied by XxxxxxSkrill, Neteller, FasaPay, PaymentAsia or any other payment processorsprocessor. Such In cases the Company deems appropriate such fees can be charged from the Client in cases which client. 13.19. Where applicable, payment transactions are processed through an agent agreement by Xero Capital Markets, a company incorporated under reg. number 24273 IBC 2017 and having its registered address and the Company deems appropriateprincipal place of business at Xxxxx 000, Xxxxxxx Xxxxxxxxx Xxxxxx, X.X. Xxx 0000, Xxxxxxxxx Xxxxxxxxx St. Xxxxxxx and the Grenadines.

Appears in 1 contract

Samples: Client Agreement

Deposit and Withdrawal. 10.113.1. The Client may deposit funds into the Trading Account at any time. All payments to the Company shall be made in accordance with the Payment Instructions set forth on at the Company’s Website. Under no circumstances will third party or anonymous payments be accepted. 10.213.2. In case the nature of the deposit means does not allow instant payment processing (bank wire, etc), the Client shall is to create a Deposit Request in the Personal Area. Failure to do so will lead to a deposit delaydelays in account deposit. 10.313.3. It is the Client’s sole responsibility to create Deposit Requests in his or his/her Personal Area and to fill them in a correct and proper way. Failure to do so will lead to a deposit delaydelays in account deposit. 10.413.4. The Client may withdraw funds from the Trading Account at any time in accordance with the procedure procedures as described in paragraph 13.5. 10.513.5. If the Client requests to withdraw funds from the Trading Account, the Company shall pay the specified amount within three (3) Business Days after once the request has been accepted accepted, if the following conditions are met: 10.5.113.5.1. Withdrawal request contains all necessary information; 10.5.213.5.2. The request is to perform funds transfer to the Client’s bank account or e-currency account (under no circumstances will payments to third party or anonymous accounts be accepted), ; and 10.5.313.5.3. Client’s Free Margin exceeds or equals to the amount specified in the withdrawal request including all payment charges. 10.613.6. The Company shall debit the Client’s Trading Account for all payment charges (if applicable). 10.713.7. As per Company’s AML PolicyIn case the account was deposited by various means, to prevent the Client from money laundering or terrorist financing, the Company establishes that the Сlient withdrawal shall use be performed via the same methods to withdraw funds as he or she did to deposit funds. If the Client deposits funds to his or her Trading Account via multiple payment methods, the Client shall withdraw funds using the same payment methods. In this case, the ratio of withdrawable amounts to one another shall be directly proportional means proportionally to the ratio of deposited amounts. 10.813.8. In exceptional cases (such as Force Majeure circumstances, termination of payment system operation, etc.), the ) Company is entitled to decline the Client’s funds withdrawal in any this payment system. Such cases shall be considered on a case by case basis. 10.913.9. To provide financial security for the Client, Client in some cases the Company reserves a right to withdraw Client’s funds only to his or his/her bank account. 10.1013.10. In case an account was funded via debit or credit card and a withdrawal request is submitted within 60 days from the date of deposit, the funds may be credited back to the same card. Up to 100% of the initial deposit may be withdrawn to the card. The amount over the initial deposit can be withdrawn via bank wire. 13.11. If an account was funded via debit or credit card, a card copy may be required to process a withdrawal. The copy must contain the first 6 digits and the last 4 digits of the card number, cardholder’s name, expiry date and cardholder’s signature. 13.12. For security and/or compliance reasons, reasons the Company reserves the a right to demand the Client's ’s complete identification data. The Company also reserves the right to refuse to provide the Services to the Client who fails to pass the control check by phone and fails to answer basic questions concerning the Client’s Personal Area: 10.10.1. Following the request of the Company, the Client shall send to the Company advanced selfies and/or regular selfies with the requested identification documents, such as passport, other types of IDID copy, address proofproof copy, bank reference letter, and/or any letter and other relevant documents not listed here 10.10.2documents, apostilled or certified by a notary. Should such request demand be made by the Company, the Client shall will have 14 (fourteen) calendar 30 days to collect and send advanced selfies and/or regular selfies with the full set of requested documents to the Company 10.10.3. If In case the Client does not send advanced selfies and/or regular selfies with the requested set of documents within the mentioned 14-day 30 days period, his account will be blocked without the Client's account shall ability to be irreversibly blockedreinstated, and the Client’s personal funds, excluding profits, shall be deposit(s) refunded 10.10.4. No profits shall will be paid and no or losses shall be reimbursed for such accounts 10.10.5. For the purposes of this clause, an ‘advanced selfie’ shall mean a selfie of a person made with a requested document and a sheet of paper with the current date and the word ‘Orfinex’ written on it. 10.1113.13. Internal transfers (that is, transfers from one trading account to another within the Company) between third parties are prohibited. 10.11.1. Any deposit made through a third-party or local deposit agent is not permitted or allowed. In the event that such a deposit is made, the same method will be used for withdrawal as well. 10.11.2. We bear complete responsibility for deposits made directly into our official bank accounts or wallets. Any third-party deposit will not be under our responsibility. 10.11.3. Deposit method in any trading account should be the same. For example, if you have deposited through USDT (TRC-20), then other deposits should be done with the same method for quicker withdrawals. Otherwise, delays can be possible. 10.11.4. We bear no responsibility for deposits done through cash vouchers and external transfers from any third-party. 10.11.5. Bank withdrawals can take up to 3 - 7 working days as standard processing time. However, it may take more time than the given time due to any compliance. 10.1213.14. If the Client has an the obligation to pay any amount to the Company that which exceeds the Trading Account Equity, Equity the Client shall pay the amount of excess forthwith upon the obligation arising. 10.1313.15. All incoming payments shall be credited to the Client’s Trading Account no later than within one one (1) Business day after the funds have been are received by the Company. 10.1413.16. The Client acknowledges and agrees that when a payment where an amount is due and payable to the Company in accordance with the Agreement and sufficient funds have are not yet been credited to the Client’s Trading Account, the Company shall be entitled to treat the Client as having failed to make a payment to the Company and to exercise its rights in compliance with the Agreement. 10.1513.17. The Client shall make any margin payments or other payments due payments in US dollars, Euros, and other currencies accepted by the Company. The payment amount will be converted into the Currency of the Trading Account Currency at the current market rate. 10.1613.18. The Company is entitled but not obliged to cover deposit and withdrawal fees applied by XxxxxxSkrill (Moneybookers), Neteller, FasaPay, or any other payment processorsprocessor. Such In cases the Company deems appropriate such fees can be charged from the Client in cases which the Company deems appropriateclient.

Appears in 1 contract

Samples: Client Agreement