Common use of Deposits & Withdrawals Clause in Contracts

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third party account and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) the client must have submitted the required documentation that consists of, inter alia, a copy of his credit/debit card and/or identification documents and b) the Company has approved the required documents submitted by the client. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ to trading account by bank wire, first 100$ of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third party or anonymous accounts.

Appears in 3 contracts

Samples: Investment Services Agreement, Investment Services Agreement, Investment Services Agreement

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Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third party account and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) if the client must have submitted does not provide the required documentation that consists of, inter alia, a Company with copy of his credithis/debit card and/or identification documents and bher Credit Card within the timeframe of three (3) the Company has approved the required documents submitted by the clientworking days. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ to trading account by bank wire, first 100$ of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third party or anonymous accounts.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method (with certain exceptions included in this section and/or within the Company’s Agreement) and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third party account and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) the client must have submitted the required documentation that consists of, inter alia, a copy of his credit/debit card and/or identification documents and b) the Company has approved the required documents submitted by the client. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ to trading account by bank wire, first 100$ of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. However, there might be some instances where, pursuant to the Company's absolute discretion, the Company may allow a client to withdraw his/her funds into an account (bank account and/or an e-wallet) other than the one used to deposit funds in the Company's trading account; for example, where it has been identified that the risk of fraud and/or money laundering is determined by the Company as low. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third party or anonymous accounts. 9. Withdrawals may only be executed within normal trading hours; normal trading hours are defined as the hours that the Indian and/or the US market operates i.e. excluding public holidays and midnight hours.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third party account and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD EUR 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD EUR 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) if the client must have submitted does not provide the required documentation that consists of, inter alia, a Company with copy of his credithis/debit card and/or identification documents and bher Credit Card within the timeframe of three (3) the Company has approved the required documents submitted by the clientworking days. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ to trading account by bank wire, first 100$ of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third party or anonymous accounts.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method (with certain exceptions included in this section and/or within the Company’s Agreement) and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third party account and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) the client must have submitted the required documentation that consists of, inter alia, a copy of his credit/debit card and/or identification documents and b) the Company has approved the required documents submitted by the client. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ to trading account by bank wire, first 100$ of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. However, there might be some instances where, pursuant to the Company's absolute discretion, the Company may allow a client to withdraw his/her funds into an account (bank account and/or an e-wallet) other than the one used to deposit funds in the Company's trading account; for example, where it has been identified that the risk of fraud and/or money laundering is determined by the Company as low. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third party or anonymous accounts. 9. Withdrawals may only be executed within normal trading hours; normal trading hours are defined as the hours that the European and/or the US market operates i.e. excluding public holidays and midnight hours.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third party account and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 65. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 76. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) if the client must have submitted does not provide the required documentation that consists of, inter alia, a Company with copy of his credithis/debit card and/or identification documents and bher Credit Card within the timeframe of three (3) the Company has approved the required documents submitted by the clientworking days. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ to trading account by bank wire, first 100$ of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. 87. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third party or anonymous accounts.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his his/her account at any time during the course of the business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third third-party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third third-party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method (with certain exceptions included in this section and/or within the Company’s Agreement) and any profits accumulated by the Client using third third-party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third third-party account account, and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client Client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client Client, and the Company reserves the right to cancel a clientClient’s withdrawal request where such withdrawal request is not validvalid or when it has valid grounds to believe that such a request is part of any of the abusive practices of Clause 8(14)(i). The Company may also refuse QuadCode Markets is the trade name of IQOption Europe Limited. IQOption Europe Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (license no. 247/14). to execute a withdrawal request, either in full or partially, when the conditions of the third sub-paragraph of Clause 8(13) or Clause 8(12) pertain, where the Client is due to pay to the Company the notional amount of dividend or coupon that accrues to any short positions the Client has in Financial Instruments the underlying assets of which are due to pay cash dividend or coupon. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) : a. the client Client must have submitted the required documentation that consists of, inter alia, a copy of his credit/debit card and/or identification documents and b) and b. the Company has approved the required documents submitted by the clientClient. The client Client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platformPlatform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ $100 to trading account by bank wire, first 100$ $100 of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. However, there might be some instances where, pursuant to the Company's absolute discretion, the Company may allow a Client to withdraw his/her funds into an account (bank account and/or an e-wallet) other than the one used to deposit funds in the Company's trading account; for example, where it has been identified that the risk of fraud and/or money laundering as determined by the Company as low. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third third-party or anonymous accounts. 9. Withdrawals may only be executed within normal trading hours; normal trading hours are defined as the hours that the European and/or the US market operates, i.e. excluding public holidays and midnight hours.

Appears in 1 contract

Samples: Investment Services Agreement

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Deposits & Withdrawals. (1. ) The Client's Trading Account shall be activated upon the deposit of funds. (2. ) The Client is able to deposit funds into his his/her account at any time during the course of the business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. (3. ) The Company prohibits third third-party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third third-party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method (with certain exceptions included in this section and/or within the Company’s Agreement) and any profits accumulated by the Client using third third-party or anonymous funds will not be made available to the Client. (4. ) The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third third-party account account, and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. (5. ) The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. (6. ) The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). (7. ) The client Client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client the Client, and the Company reserves the right to cancel a clientClient’s withdrawal request where such withdrawal request is not validvalid or when it has valid grounds to believe that such a request is part of any of the abusive practices of Clause 18(4)(e). The Company may also refuse to execute a withdrawal request, either in full or partially, when the conditions of Clause 8(12) pertain, and the Client is due to pay to the Company the notional amount of dividend or coupon that accrues to any short positions the Client has in Financial Instruments the underlying assets of which are due to pay cash dividend or coupon. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: : (a) the client Client must have submitted the required documentation that consists of, inter alia, a copy of his credit/debit card and/or identification documents and and (b) the Company has approved the required documents submitted by the clientClient. The client Client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ $100 to trading account by bank wire, first 100$ $100 of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. However, there might be some instances where, pursuant to the Company's absolute discretion, the Company may allow a Client to withdraw his/her funds into an account (bank account and/or an e-wallet) other than the one used to deposit funds in the Company's trading account; for example, where it has been identified that the risk of fraud and/or money laundering is determined by the Company as low. 8. (8) Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third third-party or anonymous accounts. (9) Withdrawals may only be executed within normal trading hours; normal trading hours are defined as the hours that the European and/or the US market operates, i.e. excluding public holidays and midnight hours.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his his/her account at any time during the course of the business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third third-party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third third-party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method (with certain exceptions included in this section and/or within the Company’s Agreement) and any profits accumulated by the Client using third third-party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third third-party account account, and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). QuadCode Markets is the trade name of IQOption Europe Limited. IQOption Europe Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (license no. 247/14). 7. The client Client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client Client, and the Company reserves the right to cancel a clientClient’s withdrawal request where such withdrawal request is not validvalid or when it has valid grounds to believe that such a request is part of any of the abusive practices of Clause 18(4)(e). The Company may also refuse to execute a withdrawal request, either in full or partially, when the conditions of Clause 8(12) pertain, and the Client is due to pay to the Company the notional amount of dividend or coupon that accrues to any short positions the Client has in Financial Instruments the underlying assets of which are due to pay cash dividend or coupon. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) : a. the client Client must have submitted the required documentation that consists of, inter alia, a copy of his credit/debit card and/or identification documents and b) and b. the Company has approved the required documents submitted by the clientClient. The client Client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platformPlatform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ $100 to trading account by bank wire, first 100$ $100 of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. However, there might be some instances where, pursuant to the Company's absolute discretion, the Company may allow a Client to withdraw his/her funds into an account (bank account and/or an e-wallet) other than the one used to deposit funds in the Company's trading account; for example, where it has been identified that the risk of fraud and/or money laundering is determined by the Company as low. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third third-party or anonymous accounts. QuadCode Markets is the trade name of IQOption Europe Limited. IQOption Europe Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (license no. 247/14). 9. Withdrawals may only be executed within normal trading hours; normal trading hours are defined as the hours that the European and/or the US market operates, i.e. excluding public holidays and midnight hours.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of the business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third third-party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third third-party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method (with certain exceptions included in this section and/or within the Company’s Agreement) and any profits accumulated by the Client using third third-party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third third-party account account, and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client client, and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) the client must have submitted the required documentation that consists of, inter alia, a copy of his credit/debit card and/or identification documents and b) the Company has approved the required documents submitted by the client. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ $100 to trading account by bank wire, first 100$ $100 of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. However, there might be some instances where, pursuant to the Company's absolute discretion, the Company may allow a client to withdraw his/her funds into an account (bank account and/or an e-wallet) other than the one used to deposit funds in the Company's trading account; for example, where it has been identified that the risk of fraud and/or money laundering is determined by the Company as low. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third third-party or anonymous accounts. 9. Withdrawals may only be executed within normal trading hours; normal trading hours are defined as the hours that the European and/or the US market operates, i.e. excluding public holidays and midnight hours.

Appears in 1 contract

Samples: Investment Services Agreement

Deposits & Withdrawals. 1. The Client's Trading Account shall be activated upon the deposit of funds. 2. The Client is able to deposit funds into his account at any time during the course of business relationship. Deposits can be made through a number of methods as specified on the Company’s Website, which may be changed at the Company’s discretion. When making a deposit, the Company shall credit the Client’s Trading account with the relevant amount. 3. The Company prohibits third party or anonymous payments into the Client’s trading account. Only funds sent from an account held in the Client’s name and belonging to the Client are acceptable. The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client. 4. The Company reserves the right at its discretion to terminate the Client’s trading account where it has identified that the Client’s funds and/or payment account(s) have been used to fund a third party account and it has reasonable suspicion that the Client and/or third party is circumventing any of the clauses of the present Agreement by doing so and/or is acting in collaboration with a third party circumventing any of the clauses of this Agreement. 5. The Company reserves the right to request documentation to confirm the source of funds deposited into the Client’s account in accordance with its legal and regulatory obligations. 6. The Company may limit the availability of prepaid cards deposits to a maximum amount of USD 8,000 or the equivalent per month, per Client. Upon depositing a total amount of USD 8,000 via prepaid card(s), the Client’s ability to further deposit with prepaid card(s) will be suspended until the first day of the next calendar month and the Client is advised to use alternative payment methods such as debit/credit card(s) and/or electronic wallet(s). 7. The client agrees and understands that the Company only accepts valid withdrawal requests submitted by a client and the Company reserves the right to cancel a client’s withdrawal request where such withdrawal request is not valid. A withdrawal request is considered to be valid where it meets cumulatively the following conditions: a) if the client must have submitted does not provide the required documentation that consists of, inter alia, a Company with copy of his credithis/debit card and/or identification documents and bher Credit Card within the timeframe of three (3) the Company has approved the required documents submitted by the clientworking days. The client will be duly notified by email regarding the cancellation of his/her withdrawal request. The Company will process withdrawals upon receiving a request through the Client’s platform. When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received (e.g. Client deposits 100$ to trading account by bank wire, first 100$ of withdrawal will be sent via bank wire to the same bank account). The Client is able to request any profit (above his deposit amounts) through other available methods, as long as the account the withdrawal is to be made belongs to the Client. 8. Withdrawals can only be requested to accounts in the Client’s name. No withdrawals will be processed to third party or anonymous accounts.

Appears in 1 contract

Samples: Investment Services Agreement

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