Deposits and Withdrawals. The Private Investor may deposit funds into the Private Investor Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor asking for a specific transfer method and the Company has the right to suggest an alternative. Upon the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, the Company shall pay the funds within 2-5 Business Days, if the following requirements are met: a) the withdrawal instruction includes all necessary information; b) the instruction is to make a bank transfer of funds to the account of the Private Investor; c) at the moment of payment, the Private Investor’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges.
Appears in 3 contracts
Samples: Client Agreement, Terms and Conditions, Terms and Conditions
Deposits and Withdrawals. 24.1 The Private Investor Client acknowledges that bank wiring instructions are only provided to him by the Company along with the account details and confirmation letter.
24.2 The Company does not accept funds and/or payments for any trading account via a third party and the Company will not proceed in any funding of a trading account unless the depositor’s name matches the name of the trading accountholder. Restrictions on third party payments are set by banks and their respective authorities, which have developed extensive procedures, regulations, and laws to stop the transfer of illegal funds, commonly known as money laundering.
24.3 The Client Account must be established for trading purposes only. The Company is not a bank, nor does it keep deposits as a bank. The Company keeps deposits only to maintain margins supporting the trading account and trading activities.
24.4 The Company specifies that in any case of funds being deposited and/or payments being processed by any person to the Company, without that person having a trading account and/or trading activities with the Company, the full amount of the said fund and/or payment will be returned from the Company to the person concerned using the same information and depositing channel used by the person for that specific deposit and refund fees may apply.
24.5 The Company actively complies with all anti-money laundering laws and regulations under all Applicable Regulations. On an ongoing basis, the Company shall review clients’ account activity for evidence of suspicious transactions that may be indicative of money laundering activities. This review may include, without limitation, surveillance of:
(a) Money flows into and out of accounts.
(b) The origin and destination of wire transfers.
(c) Other activity outside the normal course of business as the Company may see appropriate.
24.6 The Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreementtime. Deposits will be accepted by bank transfer, Swiftdebit/credit card, E-walletSkrill, debit / credit card or any other method of electronic money transfer transfer/electronic wallets (where the originator is the Private InvestorClient) acceptable by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will does not accept third party or anonymous payments of funds in cash deposits by any means and the Private Investor Account. The Private Investor accepts Client hereby understands that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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. cash at all times.
24.7 The Company will affect effect withdrawals of Private Investor Client funds upon in accordance with the receipt of an application for withdrawal made via the Company Online Trading System (if available at the Withdrawal & Refund Policy, as amended from time to time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor asking for a specific transfer method and the Company has the right to suggest an alternative. .
24.8 Upon the Company receiving an instruction from the Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay the funds said amount within 2-5 Business Daysthe timeframe stipulated in the Withdrawal & Refund Policy, if provided that the following requirements are met:
(a) the The withdrawal instruction includes all necessary information;information and any additional information as requested by the Company from time to time.
(b) the The instruction is to make a payment through bank transfer of funds to the account of accountholder, being the Private Investor;Client.
(c) at At the moment of paymenttime the refund is made, the Private InvestorClient’s Free Margin free margin meets or exceeds the amount specified in the withdrawal instruction including all payment charges; and
(d) Any other requirement as per the Withdrawal & Refund Policy.
24.9 Withdrawals will only be affected towards the Client. The Company has the right in its absolute discretion not to affect withdrawals to any other third party or account. The Company will further not affect withdrawals to anonymous accounts.
24.10 The Client accepts that the full amount of his first deposit will be returned by the Company to the Client, upon a withdrawal request, to the same bank account and/or credit card and/or electronic wallet account the Client used for his first deposit.
24.11 The Client acknowledges that the Company will not proceed with a withdrawal request of the Client when such a request is sent by a different account name other than the one used by the Client for his last deposit.
24.12 The Client agrees that when making a deposit of a certain amount through a specific bank account and/or card and/or electronic wallet, will be obliged to withdraw the full amount of that specific deposit from that specific bank account and/or card and/or electronic wallet before using another withdrawal method.
24.13 Notwithstanding any other term in the Agreement, the Company reserves the right, in its absolute discretion, to decline a withdrawal request from the Client and the Company has the right to request additional information or documents.
24.14 The Client acknowledges that delays may occur for deposits and withdrawals requests if the Company and/or any other bank and/or card processor and/or electronic wallets service provider are unable to verify the information provided by the Client.
24.15 All payment and transfer charges, including bank charges, for deposits and withdrawals shall be borne by the Client and the Company shall reflect the Client Account for these charges.
24.16 The Client agrees that the Company has the right to charge the Client any service fee, including deposit and withdrawal fees, charged by any bank and/or card processor and/or electronic wallets service provider, at any time and at the Company’s sole discretion and without the consent of the Client.
24.17 If the Client has any obligation to pay any amount to the Company which exceeds the Equity in the Client Account, the Client shall pay the excess amount immediately once the obligation arises.
24.18 If the Client makes a payment by bank transfer, by credit card or any other method of electronic money transfer acceptable by the Company and provided that all the conditions and requirements of the Company are met, the Company shall credit the Client Account with the relevant amount within one (1) to three (3) Business Days after the amount hits bank account of the Company.
24.19 Where a payment is due to the Company by the Client, but enough cleared funds are not yet credited to the Client Account, the Company shall be entitled to treat the Client as having failed to make a payment to the Company and to close out the Client’s Open Positions, exercise other default remedies against the Client and exercise any or all of its rights under the Agreement.
24.20 The Client shall effect any margin payments or other sums due and payable to the Company in US dollars, Euros or Great Britain Pounds. The payment amount will be converted into the Currency of the Client Account at the rate determined by the bank of the Company.
24.21 The Client acknowledges and accepts that when his bank and/or card and/or electronic account currency is different from the deposit currency assigned and/or the currency of his trading account, the currency conversion will be performed by the bank and/or card processor and/or electronic wallets service provider of the Client, at the prevailing exchange rate of the day and fees might apply.
24.22 The Client is fully responsible for the payment details given to the Company and the Company accepts no responsibility for the Client’s funds, if the details provided by the Client are not accurate or not comprehensive.
24.23 Client’s deposits and withdrawals by wire transfer are subject to fees may apply by the Banks. Bank fees vary from one transaction to another as each transaction is considered a different case.
24.24 The Client hereby confirms and acknowledges that any payment(s) made by credit card(s), will bear the Client’s name, and will be credited into the Client Account held with the Company and that the sole purpose for such payments is in accordance with the purpose of this Agreement.
24.25 The Client acknowledges and agrees that the funding of the Client Account by credit card is done directly from the Website or the Client Portal. The Client acknowledges that the name on the credit card must match with the Client Account name and the Company shall have the absolute right at its own discretion to reject such deposit. All fees and charges incurred as a result of the deposit or the rejection shall be borne by the sender and the Client hereby indemnify and hold harmless the Company and its employees against any loss (whether directly or indirectly) that arises out of or in connection with the transfer of deposits by the sender in the manner prescribed to under this paragraph.
24.26 The Client accepts the advice of the Company for him to allow the visual contact of the 6 first and the last 4 digits of his card number only; and cover the CVV numbers of the back side of the card before sending a copy of his Card to the Company, for security purposes. The Client accepts that the rest of the information should remain visible such as the card holder Name, Expiry Date and Bank Name.
24.27 The Client accepts that the Company has the right to reject any credit card payments coming from high-risk regions high risk countries, as recognized as such by the Applicable Regulations and the laws and regulations where the relevant Company Bank Account is located.
24.28 The Client acknowledge and accept that all credit card transactions (deposits) are non-refundable and irrevocable.
24.29 The Company may in its absolute discretion withhold withdrawal any refund request(s) if the request appears on the face of it to be fraudulent for manual review and if necessary to contact the Client by any means the Company sees appropriate, to confirm the request. If the Company is not satisfied for any reason the Company may, without prior notification cancel the withdrawal and refund request.
24.30 The Client further acknowledges that:
24.30.1 if on the face of it any deposit seems to be fraudulent, the Company shall have the right without prior notice to do what is reasonable to mitigate the risks including, without limitation:
(a) to refund the deposited amount in line with the terms of the Agreement.
(b) to apply a zero balance and equity to the Client Account.
(c) to close any or all Client’s Accounts.
(d) to deny the withdrawal of any profits and/or the coverage of any loss.
(e) to report any matter to any regulatory authority as required under the Applicable Regulations or the laws where the Company’s Bank Account is located.
(f) to take any legal action against the Client; and/or
(g) to take any other remedy as the Company may see fit.
24.30.2 The Client hereby waives and releases the Company from any liability arising out of or in connection with any action that the Company might exercise in accordance with the terms of this Agreement and this clause 24.30..
24.31 The Client confirms that the deposits by credit card are subject to fees as applicable from time to time by the credit companies.
24.32 The Client further confirms and acknowledges that the right of the chargeback shall not be permitted in cases when the Company has already executed a Transaction.
24.33 The Client hereby confirms and acknowledges that the right of the chargeback shall not be permitted if the credit card(s) has been stolen taking into consideration the 3D secure policy, used by the Company, by which such payment(s) are not approved.
24.34 The Client confirms and acknowledges that due to the type of services and activities provided by the Company, the Client is not permitted to claim that the performance did not correspond to a written description so as to cancel the services. Should the Client request the chargeback claiming that the performance did not correspond as per the Instruction, the Client confirms and acknowledges that the Company has the right to provide any third party, with the required documentation in regards to such Client’s Account(s), in order to prove any transactions/allegation.
24.35 The Client confirms and acknowledges that the Company will not be held responsible regarding any delays that may occur in regard to credit card transactions, caused by third parties, during the process of such transactions, or due to any other laws/impediments given or made in any jurisdiction at such given time of any such transactions.
24.36 In the event of a dispute related to chargeback, the Client agrees that the Company has the right to withhold the chargeback in a reserve until the dispute is finalized. The Client understands and agrees that it may happen, as a consequence of the reserved chargeback, that such chargeback may reflect on any of the transaction(s) of the Client’s account(s).
24.37 The Client shall be liable for all and any costs paid to the credit card processor or bank(s), other parties, attorney’s fees and other legal expenses, and the reasonable value of the time that the Company spent on the matter, incurred during the process of the dispute resolution.
24.38 To the extent permitted by law, the Company may set off against the Balances for any obligation and liability of the Client, including without limitation any chargeback amounts.
24.39 The Client accepts that the Company has the right to apply any exceptions to the terms of this section (section 24) at its sole discretion and for whatever reason and/or when such exceptions are considered at the opinion of the Company necessary and/or appropriate for the execution of such terms and/or when such terms are impossible to be executed for any reason and/or person. More information’s regarding the withdrawal and refund policy are available on the Website.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Deposits and Withdrawals. 16.1 The Private Investor Client may deposit funds into the Private Investor Client's Trading Account at any time during the course of this Agreement. Deposits will be made via the methods accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company from time to time. The detailed information about deposit options is shown on the Website;
16.2 The Company shall have the right to request from the Client at any time any documentation to confirm the source of funds deposited into the Client's Trading 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;
16.3 If the Client makes a deposit, the Company shall credit the Private Investor relevant Client's Trading Account with the relevant amount actually received by the Company within one two (2) Business Day after Days following the amount is cleared in the bank account of the Company with and relevant compliance procedures;
16.4 The Company shall make withdrawals of Client funds upon the Company receiving a relevant amount. The relevant amount will be net of any transfer fees or other charges incurred request from the Client in the method accepted by the Company from time to time;
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 one (1) Business Day, if the relevant requirements are met:
(a) the withdrawal request includes all required information;
(b) the request is subject to 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 are imposed by the Institution 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 intermediary involved higher than the amount specified in the processwithdrawal instruction including all payment charges. Free margin is calculated in accordance with the following formula: Free Margin = Balance — Margin + Floating Profit — Floating Loss;
(e) that holds there is no Force Majeure event which prohibits the FundsCompany from effecting the withdrawal. The Company cannot be held responsible for delays caused by incomplete documentation or the Client Bank's internal procedures;
16.6 It is agreed and understood that the Company will not accept third party or anonymous payments of funds in the Private Investor AccountClient's Trading Account and will not make withdrawals to any other third party or anonymous account. The Private Investor accepts that Only in exceptional cases and upon the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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 approval by the Company, using the same transfer method as the one through which it originally received the Funds. The Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. relevant compliance department.
16.7 The Company reserves the right to reasonably decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon ;
16.8 All payment and transfer charges of third parties will be borne by the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, Client and the Company shall pay debit the funds within 2-5 Business Days, if the following requirements are met:
a) the withdrawal instruction includes all necessary informationrelevant Client's Trading Account for these charges;
b) 16.9 The Client may send the instruction is to make a bank request for internal transfer of funds to another Client's Trading Account held by him with the account Company. Such internal transfers shall be subject to the Company's policy from time to time;
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 suffer the loss.
16.11 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 Private Investorpayment 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;
c) 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 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 the moment of paymentany time and for any reason, the Private Investor’s Free Margin exceeds Company will immediately reverse the amount specified affected deposit from the Client's Trading Account and 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 the withdrawal instruction including all payment chargesClient 's Trading Account(s);
16.16 It is understood and accepted by the Client that in case there is a negative balance and there are no open positions on the Client's Trading Account, the Company, reserves the absolute right to manually adjust the Client's Trading Account back to zero (0) accordingly.
Appears in 3 contracts
Samples: Service Agreement, Service Agreement, Service Agreement
Deposits and Withdrawals. 24.1 The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be made via the methods and in the currencies accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company as amended from time to time.
24.2 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.
24.3 If the Client makes a deposit, the Company shall credit the Private Investor relevant Client Account with the relevant amount actually received by the Company within one Business Day after following the amount is cleared in the bank account of the Company.
24.4 If the funds sent by the Client are not deposited in 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 paid 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.
24.5 Clients may withdraw funds from their Client Account at any time, upon the Company receiving a relevant amount. The relevant request from the Client, if the following requirements are met:
(a) the withdrawal instruction includes all 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 Client Account or at the Client’s request to a bank account belonging to the Client;
(c) the account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Balance exceeds the amount specified in the withdrawal instruction including all payment charges;
(e) the Client Account is verified and the client submits any additional information and/or documentation requested by the Company
(f) there is no Force Majeure event which prohibiting the Company from effecting the withdrawal.
24.6 Subject to the above clause 24.5 the Client’s request to withdraw will be net of any transfer fees processed within 1 (one) Business Day and once the withdrawal request is approved the Company, the Company will send for execution to the same bank, credit card or other charges incurred by source from which the Company that are imposed by the Institution (or intermediary involved funds were debited, as soon as possible. Withdrawals will be made to a source in the process) client’s name.
24.7 It is agreed and understood that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor Client Account and will not allow to make withdrawals to any other third party or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. anonymous account.
24.8 The Company reserves the right to reasonably decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon .
24.9 All payment and transfer charges of third parties will be borne by the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, Client and the Company shall pay debit the funds within 2-5 Business Days, if relevant Client Account for these charges.
24.10 Withdrawal fees may apply. The applicable fees may be found on the following requirements are met:Company’s Website.
a) 24.11 The Client may send the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank request for internal transfer of funds to another Client Account held by him with the account Company. Internal transfers shall be subject to the Company’s policy from time to time.
24.12 Mistakes made by the Company during transfer of funds shall be refunded to the Private Investor;
c) at Client. It is understood that should the moment of paymentClient provide wrong instructions for a transfer, the Private Investor’s Free Margin exceeds Company may be unable to correct the amount specified in mistake and the withdrawal instruction including all payment chargesClient may have to bear the loss.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Deposits and Withdrawals. 5.1. The Private Investor 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 Private Investor Client Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of made via electronic money transfer (where the originator is the Private InvestorClient) acceptable by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the deposited amount is cleared reflected in the bank account of the Company with the relevant amount. The relevant amount Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution 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 will not accept third 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 Private Investor AccountClient 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 Private Investor Client accepts that the Funds shall be deposited in his/her trading account Account only if the Company is satisfied that the sender of the Funds is the Private Investor Client or his/ his/her authorized authorised representative; if the Company is not satisfied as to the above then 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 affect 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 Private Investor Client’s funds upon the receipt of an application for withdrawal made via in the method accepted by the Company Online from time to time.
5.9. All Trading System (if available at Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time).
5.10. The Private Investor Client accepts that any withdrawal of any part of the Funds funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the Funds from; under such circumstances, the Company shall return the part of the Funds 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 Private Investor 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 Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay the funds process such instruction within 2-5 five (5) Business Days, if the following requirements are met:
a) the withdrawal instruction includes instruction(s) had included all necessary informationinformation (including but not limited to: Account Name, Amount, Currency, Bank Account details);
b) the instruction is to make a bank transfer of funds to the originating account of (whether that is a bank account, a payment system account etc.) from which the Private Investor;money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and
c) at the moment available amount in the Client’s Trading Account is equal or in excess of payment, the Private Investor’s Free Margin exceeds the withdrawal amount specified in the withdrawal instruction including 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. 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.
5.18. 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.
5.19. 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
Samples: Client Agreement, Client Agreement
Deposits and Withdrawals. 5.1. The Private Investor 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 Private Investor Client Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of made via electronic money transfer (where the originator is the Private InvestorClient) acceptable by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the deposited amount is cleared reflected in the bank account of the Company with the relevant amount. The relevant amount Client’s Trading Account will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution 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 will not accept third 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 Private Investor AccountClient 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 Private Investor Client accepts that the Funds shall be deposited in his/her trading account Account only if the Company is satisfied that the sender of the Funds is the Private Investor Client or his/ his/her authorized authorised representative; if the Company is not satisfied as to the above then 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 affect 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 Private Investor Client’s funds upon the receipt of an application for withdrawal made via in the method accepted by the Company Online from time to time.
5.9. All Trading System (if available at Account withdrawals are subject to a minimum withdrawal amount as defined by the Company from time to time).
5.10. The Private Investor Client accepts that any withdrawal of any part of the Funds funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the Funds from; under such circumstances, the Company shall return the part of the Funds 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 Private Investor 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 Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay the funds process such instruction within 2-5 five (5) Business Days, if the following requirements are met:
a) the withdrawal instruction includes instruction(s) had included all necessary informationinformation (including but not limited to: Account Name, Amount, Currency, Bank Account details);
b) the instruction is to make a bank transfer of funds to the originating account of (whether that is a bank account, a payment system account etc.) from which the Private Investor;money was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client; and
c) at the moment available amount in the Client’s Trading Account is equal or in excess of payment, the Private Investor’s Free Margin exceeds the withdrawal amount specified in the withdrawal instruction including 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 2 contracts
Samples: Client Agreement, Client Agreement
Deposits and Withdrawals. 17.1 The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be accepted by via bank transfer, Swift, E-wallet, debit / debit/credit card (MasterCard, Visa) or any other method of electronic money transfer (where the originator is the Private InvestorClient) acceptable by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Client Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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. .
17.2 The Company will affect process withdrawals of Private Investor funds 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 (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which System.
17.3 Upon the Company originally received receiving an instruction from the Funds from; under such circumstancesClient to withdraw funds from the Client Account, the Company shall return pay the part said amount within five Business Days, if the following requirements are met:
a) The withdrawal instruction includes all necessary information;
b) The instruction is to make a bank transfer to the account of the Funds Client; and
c) At the moment of payment, the Client’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges.
d) the Client has provided full identification documentation and/or any other requested net of any transfer fees or other charges incurred by documentation to support his withdrawal request and/or satisfy the Company’s needs accordingly to all applicable rules and regulations.
17.4 Withdrawals will only be processed towards the Client. The Company will not process withdrawals to any other third party or anonymous account.
17.5 The Company reserves the right to decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon .
17.6 All payment and transfer charges will be borne by the Client and the Company receiving an instruction from shall debit the Private Investor Client Account for these charges.
17.7 If the Client makes a payment by bank transfer, by credit card or any other method of electronic 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.
17.8 If a withdrawal request is made in relation to withdraw funds from the Private Investor a Joint Account, the Company shall pay can only return the funds within 2-5 Business Days, if the following requirements are met:
a) the requested withdrawal instruction includes all necessary information;
b) the instruction is to make a bank transfer of funds to the account of bank accounts that the Private Investor;
c) at clients used to deposits the moment of payment, funds to the Private Investor’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment chargesJoint Account initially.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Deposits and Withdrawals.
16.1 The Private Investor Client may deposit funds into the Private Investor Client's Trading Account at any time during the course of this Agreement. Deposits will be made via the methods accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company from time to time. The detailed information about deposit options is shown on the Website;
16.2 The Company shall have the right to request from the Client at any time any documentation to confirm the source of funds deposited into the Client's Trading 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;
16.3 If the Client makes a deposit, the Company shall credit the Private Investor relevant Client's Trading Account with the relevant amount actually received by the Company within one two (2) Business Day after Days following the amount is cleared in the bank account of the Company with and relevant compliance procedures;
16.4 The Company shall make withdrawals of Client funds upon the Company receiving a relevant amount. The relevant amount will be net of any transfer fees or other charges incurred request from the Client in the method accepted by the Company from time to time;
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 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 are imposed by the Institution 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 intermediary involved higher than the amount specified in the processwithdrawal 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 effecting the withdrawal.
16.6 It is agreed and understood that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor AccountClient's Trading Account and will not make withdrawals to any other third party or anonymous account. The Private Investor accepts that Only in exceptional cases and upon the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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 approval by the Company, using the same transfer method as the one through which it originally received the Funds. The Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. relevant compliance department.
16.7 The Company reserves the right to reasonably decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon ;
16.8 All payment and transfer charges of third parties will be borne by the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, Client and the Company shall pay debit the funds within 2-5 Business Days, if the following requirements are met:
a) the withdrawal instruction includes all necessary informationrelevant Client's Trading Account for these charges;
b) 16.9 The Client may send the instruction is to make a bank request for internal transfer of funds to another Client's Trading Account held by him with the account Company. Such internal transfers shall be subject to the Company's policy from time to time;
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 suffer the loss.
16.11 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 Private Investorpayment 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;
c) 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 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 the moment of paymentany time and for any reason, the Private Investor’s Free Margin exceeds Company will immediately reverse the amount specified affected deposit from the Client's Trading Account and 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 the withdrawal instruction including all payment chargesClient 's Trading Account(s);
16.16 It is understood and accepted by the Client that in case there is a negative balance and there are no open positions on the Client's Trading Account, the Company, reserves the absolute right to manually adjust the Client's Trading Account back to zero (0) accordingly.
Appears in 1 contract
Samples: Service Agreement
Deposits and Withdrawals. The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private InvestorClient) acceptable by the Company from time to time. The Company shall credit the Private Investor Client Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Client Account. The Private Investor client accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor client or his/ her authorized representative; if 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. You are entitled to withdraw the funds from your account which are not used for Margin covering, without closing your account. The Company will affect perform withdrawals of Private Investor Client funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor client accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon the Company receiving an instruction from the Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay execute the withdrawal of the funds maximum within 2-5 two Business Days, if the following requirements are met:
a) : ✓ the withdrawal instruction includes all necessary information;
b) information and the instruction is to make a bank transfer of funds to Client submitted any necessary document requested from the account of Company for the Private Investor;
c) withdrawal; ✓ at the moment of payment, the Private InvestorClient’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges. ✓ Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate. The client accepts that under such circumstances there may be a delay in processing the request. All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges. The Company can only refund the same amount that was deposited by card. In case the withdrawal request is for a larger amount, the difference amount will have to be processed by bank transfer and will be wired to the Client’s bank account within 1-5 working days. The Company does not charge any fees for client deposit or withdrawals. Clients making both deposit and withdrawals via Wire Transfers will be subject to the transferring bank(s) wiring fees.
Appears in 1 contract
Samples: Terms and Conditions of Use
Deposits and Withdrawals. 42.1 The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private InvestorClient) acceptable by the Company from time to time. The Company shall credit the Private Investor Client Account within one Business Day after once the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. .
42.2 The Company will not accept third party or anonymous payments of funds in the Private Investor Client Account. .
42.3 The Private Investor client accepts that the Funds shall be deposited in his/her the Client’s trading account only if the Company is satisfied that the sender of the Funds is the Private Investor client or his/ her authorized representative; if 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. .
42.4 The Company will affect effect withdrawals of Private Investor Client funds upon the receipt of an application for withdrawal made via the Company Online Trading System (dedicated channel, within 24 hours if available at the time). no documentation or information is missing or out of date.
42.5 The Private Investor client accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. .
42.6 The Company reserves the right to decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. .
42.7 Upon the Company receiving an instruction from the Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay the funds within 2-5 two Business Days, if the following requirements are met:
a) the withdrawal instruction includes all necessary informationinformation in the Personal Area;
b) the instruction is to make a bank transfer of funds to the originating account of (whether that is a bank account, a payment system account etc.) from which the Private Investormoney was originally deposited in the Trading Account or at the Client’s request to a bank account belonging to the Client;
c) the account where the transfer is to be made belongs to the Client;
d) at the moment of payment, the Private InvestorClient’s Free Margin Balance exceeds the amount specified in the withdrawal instruction including all payment charges;
e) there is no Force Majeure event which prohibiting the Company from effecting the withdrawal.
f) the Client and must be fully verified according to Verification guidelines set forth on the Website.
42.8 Withdrawals will only be effected towards the Client. The Company will not to effect withdrawals to any other third party or anonymous account.
42.9 The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate. The client accepts that under such circumstances there may be a delay in processing the request.
42.10 Clients making both deposit and withdrawals via Wire Transfers may be subject to the transferring bank(s) wiring fees.
42.11 All or some payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges. All applicable charges are subject to changes at the Company’s discretion are posted on the Site and the Client remains solely responsible to review the charges prior to effecting transactions and keep up to date with any changes that may occur from time to time.
42.12 The Company may choose to charge fees on deposits and/or withdrawals. Such fees, if and where applicable, are subject to changes at the Company’s discretion. All costs and charges are available on the Company’s website. It remains the Client’s responsibility to remain informed and read all information made available in this respect.
42.13 In accordance with any applicable limitations on how it operates and any other rights or conditions on such withdrawal, clients have the right to withdraw all or part of the funds equivalent to the free Margin available in their Account(s) to their Wallet. If we have good reason to think that a withdrawal request is being made in an effort to take advantage of our Negative Balance Protection Policy (the "NBP"), we reserve the right to reject it.
Appears in 1 contract
Samples: Client Agreement
Deposits and Withdrawals. 42.1. The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company from time to timeClient). The Company shall credit the Private Investor Client Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds.
42.2. The Company will not accept third party or anonymous payments of funds in the Private Investor Client Account.
42.3. If funds are credited 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 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.
42.4. The Private Investor Client accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor Client or his/ his/her authorized representative; if 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.
42.5. The Company will affect effect withdrawals of Private Investor Client funds upon the receipt of an application for withdrawal made via the Company Company’s Online Trading System (if available at the time).
42.6. The Private Investor Client accepts that withdrawal of 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 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.
42.7. The Company reserves the right to decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative.
42.8. Upon the Company receiving an instruction from the Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay the funds within 2-5 one Business DaysDay, if the following requirements are met:
a) the withdrawal instruction includes all necessary informationinformation (Including but not limited to: Account No. Name, Xxxxxx, Xxxxxxxx);
b) the instruction is to make a bank transfer of funds to the account of the Private InvestorClient;
c) at the moment of payment, the Private InvestorClient’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges;
d) the withdrawal request received outside the normal working hours, and shall be processed the next working day accordingly. 42.9. Withdrawals will only be effected towards the Client. The Company will not effect withdrawals to any other third party or anonymous account.
Appears in 1 contract
Samples: Client Agreement
Deposits and Withdrawals. 22.1 The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be made via the methods and in the currencies accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company as amended from time to time. The detailed information about deposit options is shown on the Website.
22.2 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.
22.3 If the Client makes a deposit, the Company shall credit the Private Investor relevant Client Account with the relevant amount actually received by the Company within one Business Day after following the amount is cleared in the bank account of the Company.
22.4 If the funds sent by the Client are not deposited in 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 paid 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.
22.5 The Company shall effect withdrawals of Client funds upon the Company receiving a relevant amount. The relevant amount will be net of any transfer fees or other charges incurred request from the Client in the method accepted by the Company from time to time.
22.6 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall pay the said amount within three (3) Business Days, if the following requirements are met:
(a) the withdrawal instruction includes all required information;
(b) the instruction is to make a transfer to the originating account (whether that are imposed by is a bank account, a payment system account etc) from which the Institution (or intermediary involved money was originally deposited in the processClient Account or at the Client's request to a bank account belonging to the Client;
(c) the account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client's Balance exceeds the amount specified in the withdrawal instruction including all payment charges;
(e) there is no Force Majeure event which prohibiting the Company from effecting the withdrawal.
22.7 It is agreed and understood that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor Client Account and will not allow withdrawals from any other third party or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. anonymous account.
22.8 The Company reserves the right to reasonably decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon .
22.9 All payment and transfer charges of third parties will be borne by the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, Client and the Company shall pay debit the funds within 2-5 Business Days, if relevant Client Account for these charges.
22.10 Withdrawal fees may apply. The applicable fees may be found on the following requirements are met:Company's Website.
a) 22.11 The Client may send the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank request for internal transfer of funds to another Client Account held by him with the account Company. Internal transfers shall be subject to the Company's policy from time to time.
22.12 Mistakes made by the Company during transfer of funds shall be refunded to the Private Investor;
c) at Client. It is understood that should the moment of paymentClient provide wrong instructions for a transfer, the Private Investor’s Free Margin exceeds Company may be unable to correct the amount specified in mistake and the withdrawal instruction including all payment chargesClient may have to bear the loss.
Appears in 1 contract
Samples: Terms and Conditions
Deposits and Withdrawals. 23.1 The Private Investor Trading Account shall be activated upon the Client depositing the Initial Margin, according to the type of Client Account, as determined by the Company in its discretion from time to time.
23.2 The Client may deposit funds into the Private Investor Trading Account at any time during the course of this Agreement. Deposits will can be accepted by bank transfer, Swift, E-wallet, debit / credit card made via wire transfer or any other method of electronic money transfer (where the originator is the Private Investor) acceptable methods accepted by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the amount is cleared in the bank account general practice of the Company with is not to accept any third-party deposits, although exceptions may apply, from time to time, under certain circumstances and subject to the relevant amountagreement 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 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 relevant amount will be net 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 any transfer fees or other charges incurred by funds deposited into the Company that are imposed by the Institution (or intermediary involved in the process) that holds the FundsClient Account. The Company will not accept third party or anonymous payments of funds in shall have the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender right to reject a deposit of the Funds is the Private Investor or his/ her authorized representative; Client if the Company is not duly 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part legality of the Funds shall be concluded using source of funds.
23.4 If the same transfer method and the same remitter as the one which the Company originally received the Funds from; under such circumstancesClient makes a deposit, the Company shall return credit the part relevant Trading Account of the Funds requested Client with the deposited amount net of any transfer fees or other charges incurred by the Company. The applicable fees, if any, may be found on the Company’s Website.
23.5 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 deducted from his Trading Account or paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client shall have to provide the Company with the requested documents and certificates.
23.6 The Company shall effect withdrawals of Client funds upon the Company receiving a relevant request from the Client in the method accepted by the Company from time to time.
23.7 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall process the 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. the withdrawal instruction includes all necessary 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;
c. the account where the transfer is to be made belongs to the Client;
d. at the moment of payment, the Client’s Balance exceeds the amount specified in the withdrawal instruction including all payment charges, if any;
e. there is no Force Majeure event which prohibiting the Company from effecting the withdrawal;
f. the Client is not subject to the verification derogation of fifteen (15) days as specified in paragraph 6.1;
g. the Client is fully verified according to Verification guidelines set forth on the 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 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 provide the Company with the requested information within one (1) week from the day the request was made, the Company will be entitled to cancel the said withdrawal request.
23.8 It is agreed and understood that withdrawals will only be effected towards the Client. The Company will not make withdrawals to any other third party or anonymous account.
23.9 The manner in which we remit money to you will be in our absolute discretion. The Company reserves the right to decline a declinea withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon .
23.10 All payment and transfer charges of third parties will be borne by the Client and the Company receiving an instruction shall debit the relevant Trading Account for these charges.
23.11 Withdrawal fees may apply from time to time depending on the Private Investor Client or type of Trading Account. The applicable fees may be found on the Company’s Website.
23.12 Mistakes made by the Company during transfer of funds shall be refunded to withdraw funds from the Private Investor AccountClient. It is understood that should the Client provide wrong instructions for a transfer, the Company shall pay may be unable to correct the funds within 2-5 Business Days, if mistake and the following requirements are met:
a) Client may have to bear the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank transfer of funds to the account of the Private Investor;
c) at the moment of payment, the Private Investor’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment chargesloss.
Appears in 1 contract
Samples: Client Agreement
Deposits and Withdrawals. The Private Investor may deposit funds into the Private Investor Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor asking for a specific transfer method and the Company has the right to suggest an alternative. Upon the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, the Company shall pay the funds within 2-5 Business DaysDays[2] , if the following requirements are met:
a) the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank transfer of funds to the account of the Private Investor;
c) at the moment of payment, the Private Investor’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges.
Appears in 1 contract
Samples: Client Agreement
Deposits and Withdrawals. 24.1 The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. .Deposits will be made via themethods and in thecurrencies accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company theCompany as amended from time to time. The detailed information about deposit options is shown on the Website.
24.2 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.
24.3 If the Client makes a deposit, the Company shall credit the Private Investor relevant Client Account with the relevant amount actually received by the Company within one Business Day after following the amount is cleared in the bank account of the Company.
24.4 If the funds sent by the Client are not deposited in 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 paid 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.
24.5 Clients may withdraw funds from their Client Account at any time, upon the Company receiving a relevant amount. The relevant request from the Client, if the following requirements are met:
(a) the withdrawal instruction includes all 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 Client Account or at the Client’s request to a bank account belonging to the Client;
(c) the account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Balance exceeds the amount specified in the withdrawal instruction including all payment charges;
(e) the Client Account is verified and the client submits any additional information and/or documentation requested by the Company
(f) there is no Force Majeure event which prohibiting the Company from effecting the withdrawal.
24.6 Subject to the above clause 24.5 the Client’s request to withdraw will be net of any transfer fees processed within 1 (one) Business Day and once the withdrawal request is approved the Company, the Company will send for execution to the same bank, credit card or other charges incurred by source from which the Company that are imposed by the Institution (or intermediary involved funds were debited, as soon as possible. Withdrawals will be made to a source in the process) client’s name.
24.7 It is agreed and understood that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor Client Account and will not allow to make withdrawals to any other third party or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. anonymous account.
24.8 The Company reserves the right to reasonably decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon .
24.9 All payment and transfer charges of third parties will be borne by the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, Client and the Company shall pay debit the funds within 2-5 Business Days, if relevant Client Account for these charges.
24.10 Withdrawal fees may apply. The applicable fees may be found on the following requirements are met:Company’s Website.
a) 24.11 The Client may send the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank request for internal transfer of funds to another Client Account held by him with the account Company. Internal transfers shall be subject to the Company’s policy from time to time.
24.12 Mistakes made by the Company during transfer of funds shall be refunded to the Private Investor;
c) at Client. It is understood that should the moment of paymentClient provide wrong instructions for a transfer, the Private Investor’s Free Margin exceeds Company may be unable to correct the amount specified in mistake and the withdrawal instruction including all payment chargesClient may have to bear the loss.
Appears in 1 contract
Samples: Client Agreement
Deposits and Withdrawals. 22.1 The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be made via the methods and in the currencies accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company as amended from time to time. The detailed information about deposit options is shown on the Website.
22.2 The Company shall have the right to request from 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.
22.3 If the Client makes a deposit, the Company shall credit the Private Investor relevant Client Account with the relevant amount actually received by the Company within one Business Day after following the amount is cleared in the bank account of the Company.
22.4 If the funds sent by the Client are not deposited in 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 paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client shall have to provide the Company with the requested documents and certificates.
22.5 The Company shall effect withdrawals of Client funds upon the Company receiving a relevant amount. The relevant amount will be net of any transfer fees or other charges incurred request from the Client in the method accepted by the Company from time to time.
22.6 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall pay the said amount within three (3) Business Days, if the following requirements are met:
(a) the withdrawal instruction includes all required information;
(b) the instruction is to make a transfer to the originating account (whether that are imposed by is a bank account, a payment system account etc) from which the Institution (or intermediary involved money was originally deposited in the processClient Account or at the Client’s request to a bank account belonging to the Client;
(c) the account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Balance exceeds the amount specified in the withdrawal instruction including all payment charges;
(e) there is no Force Majeure event prohibiting the Company from effecting the withdrawal.
22.7 It is agreed and understood that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor Client Account and will not allow withdrawals from any other third party or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. anonymous account.
22.8 The Company reserves the right to reasonably decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon .
22.9 All payment and transfer charges of third parties will be borne by the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, Client and the Company shall pay debit the funds within 2-5 Business Days, if relevant Client Account for these charges.
22.10 Withdrawal fees may apply. The applicable fees may be found on the following requirements are met:Company’s Website.
a) 22.11 The Client may send the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank request for internal transfer of funds to another Client Account held by him with the account Company. Internal transfers shall be subject to the Company’s policy from time to time.
22.12 Mistakes made by the Company during transfer of funds shall be refunded to the Private Investor;
c) at Client. It is understood that should the moment of paymentClient provide wrong instructions for a transfer, the Private Investor’s Free Margin exceeds Company may be unable to correct the amount specified in mistake and the withdrawal instruction including all payment chargesClient may have to bear the loss.
Appears in 1 contract
Samples: Client Agreement
Deposits and Withdrawals. 13.1. The Private Investor 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 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 offered to the Client. The Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be made via the methods and in the currencies accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company from time to time. The detailed information about deposit options is shown on the Website. 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.
1. If the Client makes a deposit, the Company shall credit the Private Investor relevant Client Account with the relevant amount actually received by the Company within one Business Day after following the amount is cleared in the bank account of the Company.
2. If the funds sent by the Client are not deposited in 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 paid 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 relevant amountrequested documents and certificates.
3. The Company shall make withdrawals of Client funds upon the Company receiving a relevant amount will be net of any transfer fees or other charges incurred request from the Client in the method accepted by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if the Company is not satisfied as from time 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor asking for a specific transfer method and the Company has the right to suggest an alternative.
4. Upon the Company receiving an instruction from the Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay the funds said amount within two (2-5 ) Business DaysDays (maximum of seven (7) days), if the following requirements are met:
(a) the withdrawal instruction includes all necessary required information;
b) the instruction is to make a bank transfer of funds to the account of the Private Investor;
c) at the moment of payment, the Private Investor’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges.
Appears in 1 contract
Samples: Terms and Conditions Agreement
Deposits and Withdrawals. The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private InvestorClient) acceptable by the Company from time to time. The Company shall credit the Private Investor Client Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Client Account. The Private Investor client accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor client or his/ her authorized representative; if 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 Company will affect effect withdrawals of Private Investor Client funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor client accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon the Company receiving an instruction from the Private Investor Client to withdraw funds from the Private Investor Client Account, the Company shall pay the funds within 2-5 two Business Days, if the following requirements are met:
a) the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank transfer of funds to the account of the Private InvestorClient;
c) at the moment of payment, the Private InvestorClient’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges. Withdrawals will only be effected towards the Client. The Company will not to effect withdrawals to any other third party or anonymous account. The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate. The client accepts that under such circumstances there may be a delay in processing the request. All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges. The Company does not charge any fees for client deposit or withdrawals. Clients making both deposit and withdrawals via Wire Transfers will be subject to the transferring bank(s) wiring fees.
Appears in 1 contract
Samples: Retail Client Agreement
Deposits and Withdrawals. 18.1 Clients acknowledge that any deposit of funds in the Trading Account shall be made in accordance with the applicable local and international regulations on money laundering and terrorist financing and as set in the “Account Funding” section on the Company’s Website. The Private Investor Company shall refuse and decline any third party or anonymous payments.
18.2 Information including butnot limited to deposit methods, minimum/maximum initial deposit amount, deposit time and fees is set out in the ‘Account Funding’ section on the Company’s Website as amended from time to time.
18.3 The Company reserves the right to refuse and decline any Client Money transferred by Clients to the Client Bank Account in any of the following cases (list is non-exhaustive):
a. Third party or anonymous transfers;
b. The Company has reasonable grounds of suspicion that the person who made the transfer (i.e. transferee) was not a duly authorised person to perform the payment;
c. If the transfer violates in any way the Cyprus legislation. In any of the above cases (list not exhaustive), the Company will send the funds received back to the same remitter by the same method as received and the Client will suffer the relevant charges.
18.4 If the Client makes a deposit, the Company shall credit the relevant Client Trading Account with the relevant amount actually received by the Company within one to three Business Day following the clearance of such amount in the bank account of the Company.
18.5 If thefunds sentbythe Client arenot deposited inthe ClientTradingAccount when theywere 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 shallbepaidbytheClientanddeductedfromhisClientTradingAccountorpaiddirectlytothe bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client hastoprovide the Companywith the requested documents and certificates.
18.6 The Company bears no responsibility for any losses suffered in the case where during the processing period of the Client’s deposit, the Client’s Trading Account reaches a stop-out level.
18.7 Information including but not limited to withdrawal methods, minimum/maximum withdrawal amount, withdrawal time and fees is set out in the ‘Account Funding’ section on the Company’s Website as amended from time to time.
18.8 The Company will consider a withdrawal request as acceptable and consequently proceed with its execution provided the following requirements are met (list is non-exhaustive):
(a) the withdrawal instruction includes all necessary information in the Personal Area;
(b) the instruction istomakeatransfer totheoriginating account (whether that is abank 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;
(c) the account where the transfer is to be made belongs to the Client;
(d) at themoment of payment, theClient’s Balance exceeds theamount specifiedinthewithdrawal instruction including all payment charges;
(e) there is no Force Majeure event which prohibiting the Company fromeffecting the withdrawal.
(f) theClient andmust befullyverified according toVerificationguidelines setforthon theWebsite. In case any of the above-mentioned conditions havenotbeen met, the Company shall at its sole discretion take any necessary actions to ensure that (i) the identity of the Client is appropriatelyverified,(ii)thetransferiseffectedto theaccountthatbelongstotheClient,(iii) the Client has sufficient funds in his Client Account in order to maintain all Open Positions. All such necessary actions shall be processed in a reasonable time, which may exceed the time period set out in paragraph. The Company at its own discretion reserves the right to refuse and decline anywithdrawal instructions for any other reason it deemsappropriate. The Company further reserves the right to decline a withdrawal with a specific payment method and suggest another payment method where in such case the Client need to place a new withdrawal request.
18.9 All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the relevant Client Trading Account for these charges.
18.10 The Client may deposit funds into the Private Investor Trading Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card made via wire transfer or any other method of electronic money transfer (where the originator is the Private Investor) acceptable methods accepted by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Trading Account. The Private Investor accepts that Deposits for Margin and any other deposits due will, unless otherwise agreed or specified xxxx, be required in the Funds Currencyof theTradingAccount, based onyour country of origin as specified in your address and as shall be deposited specified on the Trading Platform. Weshall not, and you shall not request us to, convert any monies standing to your credit or which havebeenpaid by you into your Trading Account in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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 Fundscurrency toanother currency. The Company will affect withdrawals of Private Investor funds upon detailed information about deposit options is shown on the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor asking for a specific transfer method and the Company has the right to suggest an alternative. Upon the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, the Company shall pay the funds within 2-5 Business Days, if the following requirements are met:
a) the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank transfer of funds to the account of the Private Investor;
c) at the moment of payment, the Private Investor’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment chargesWebsite.
Appears in 1 contract
Samples: Trading Terms and Conditions
Deposits and Withdrawals. 22.1 The Private Investor Client may deposit funds into the Private Investor Client Account at any time during the course of this Agreement. Deposits will be made via the methods and in the currencies accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company as amended from time to time. The detailed information about deposit options is shown on the Website.
22.2 The Company shall have the right to request from 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.
22.3 If the Client makes a deposit, the Company shall credit the Private Investor relevant Client Account with the relevant amount actually received by the Company within one Business Day after following the amount is cleared in the bank account of the Company.
22.4 If the funds sent by the Client are not deposited in 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 paid directly to the bank performing the investigation. The Client understands and agrees that in order to perform the investigation the Client shall have to provide the Company with the requested documents and certificates.
22.5 The Company shall effect withdrawals of Client funds upon the Company receiving a relevant amount. The relevant amount will be net of any transfer fees or other charges incurred request from the Client in the method accepted by the Company from time to time.
22.6 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall pay the said amount within three (3) Business Days, if the following requirements are met:
(a) the withdrawal instruction includes all required information;
(b) the instruction is to make a transfer to the originating account (whether that are imposed by is a bank account, apayment system account etc) from which the Institution (or intermediary involved money was originally deposited in the processClient Account or at the Client’s request to a bank account belonging to the Client;
(c) the account where the transfer is to be made belongs to the Client;
(d) at the moment of payment, the Client’s Balance exceeds the amount specified in the withdrawal instruction including all payment charges;
(e) there is no Force Majeure event prohibiting the Company from effecting the withdrawal.
22.7 It is agreed and understood that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor Client Account and will not allow withdrawals from any other third party or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. anonymous account.
22.8 The Company reserves the right to reasonably decline a withdrawal request of the Private Investor Client asking for a specific transfer method and the Company has the right to suggest an alternative. Upon .
22.9 All payment and transfer charges of third parties will be borne by the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, Client and the Company shall pay debit the funds within 2-5 Business Days, if relevant Client Account for these charges.
22.10 Withdrawal fees may apply. The applicable fees may be found on the following requirements are met:Company’s Website
a) 22.11 The Client may send the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank request for internal transfer of funds to another Client Account held by him with the account Company. Internal transfers shall be subject to the Company’s policy from time to time.
22.12 Mistakes made by the Company during transfer of funds shall be refunded to the Private Investor;
c) at Client. It is understood that should the moment of paymentClient provide wrong instructions for a transfer, the Private Investor’s Free Margin exceeds Company may be unable to correct the amount specified in mistake and the withdrawal instruction including all payment chargesClient may have to bear the loss.
Appears in 1 contract
Samples: Client Agreement
Deposits and Withdrawals. The Private Investor may deposit funds into the Private Investor Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, E-wallet, debit / credit card or any other method of electronic money transfer (where the originator is the Private Investor) acceptable by the Company from time to time. The Company shall credit the Private Investor Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds. The Company will not accept third party or anonymous payments of funds in the Private Investor Account. The Private Investor accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the Private Investor or his/ her authorized representative; if 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 Company will affect withdrawals of Private Investor funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time). The Private Investor accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the 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. The Company reserves the right to decline a withdrawal request of the Private Investor asking for a specific transfer method and the Company has the right to suggest an alternative. Upon the Company receiving an instruction from the Private Investor to withdraw funds from the Private Investor Account, the Company shall pay the funds within 2-5 Business Days, if the following requirements are met:
a) the withdrawal instruction includes all necessary information;
b) the instruction is to make a bank transfer of funds to the account of the Private Investor;
c) at the moment of payment, the Private Investor’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges.
e) the account where the transfer is to be made belongs to the Private Investor;
f) there is no Force Majeure event which prohibiting the Company from effecting the withdrawal.
g) The minimum Withdrawal amount to be returned to the client via wire transfer is 100 USD.
h) When the client requests a withdrawal via wire transfer, he will need to submit the requested bank details to the Company within 5 days. If he fails to do so the withdrawal request will be automatically cancelled. 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,
Appears in 1 contract
Samples: Terms and Conditions