Minimum Withdrawals. Where you have had trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where you have had trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where you have had no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making your available balance zero, through any means shall be subject to a fee of 20 units. Closing of a client’s account Back Office / Account Opening Department shall be responsible for closing a client’s account under the following circumstances: • Closing of an account upon client’s request If a client requests to close his/her account, Back Office / Account Opening Department must verify that the client provides them with clear instructions about their request in written form. In turn, funds in client’s accounts shall all be withdrawn and settled on the same day that the request to withdraw funds was made, or the next working day if the client’s request is received outside of normal trading hours. Note that Back Office Department must keep all records and transactions made by the client for at least 5 years after the termination of his/her account. • Closing of an account when client has passed away If a client has passed away, the inheritor or the person who acts on behalf of the client (e.g. lawyer) is responsible for providing instructions to the Back Office Department for closing the client’s account. The Back Office Department shall also request a Death’s Certificate, as well as the bank details of the inheritor(s) for transferring the underlying funds to the inheritor. Dormant Account An account shall be considered as dormant, in the absence of any trading activity for a period of at least one (1) calendar year. Upon the end of the calendar year the Company will undertake an annual review of all accounts and identify these where no activity has occurred for a period of 1 (one) calendar year. All such accounts will be classified as Dormant. Once an account is treated as Dormant, the Client will be informed accordingly in order to obtain Client’s instruction for further actions. If the Client doesn’t respond for notification and has remained inactive for a following 1 month’s period, the Company reserves the right to close the account unilaterally and return all of the Client’s funds remained after deduction of maintenance fee to the initial source. Dormant Accounts can be re–activated upon confirmation by the client and provision/review of the available documents and ensuring that all due diligence and KYC documentation procedures have been followed. If the Client wishes to make a deposit and start trading again, they will have to provide updated documentation. The Company reserves the right to charge a fixed administration fee of €20 (twenty Euros) every year in order to maintain the account, on the condition that the Client account has the available funds. The maintenance fee shall be deducted from the Client’s account on the last day of the period of which the account becomes Dormant. The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account is treated as Dormant Account and fee is charged to maintain the account. If the Client account does not have the necessary funds for the maintenance fee and has remained inactive for a following 3 months’ period, the Company reserves the right to charge a lower amount to cover maintenance expenses and close the account unilaterally. If the Client account does not have any funds on the account has remained inactive for a following 1 month the Company reserves the right to close the account unilaterally. Social Trading The Company also offers the form of investing through “Social Trading” which allows clients (hereinafter the “Subscribers”) to observe the trading behaviour of other traders (hereinafter the “Providers”) after they subscribe under a specific Provider of trading. A client may choose to register under xxx.xxxxxxxxxxxx.xxx, provide all the dedicated and valid KYC Documents, be approved by the Company and then deposit an amount which may be traded by his/her Provider of trading of his/her choice. The Client shall subscribe under the Provider trader in case he/she wish to participate in Social Trading and follow a specific trader. However, in case of trading on behalf of the subscriber the Company does not bear any responsibility, since the Subscriber Client participates in his/her own initiative to social trading. The Subscriber Client understands that our products are traded on margin and carry a high level of risk and it is possible to lose all his/her capital. These products may not be suitable for everyone and he/she should ensure that he/she understands the risks involved in trading and/or in social trading. Please read the full Risk Disclosure before you subscribe under any Provider Trader.
Appears in 1 contract
Samples: Client Agreement
Minimum Withdrawals. Where you have had trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where you have had trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where you have had no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making your available balance zero, through any means shall be subject to a fee of 20 units. Maximum Withdrawals The maximum amount for withdrawal on a monthly basis, when there is available balance in your account, shall not exceed 200.000 currency units. Closing of a client’s 's account Back Office / Account Opening Department shall be responsible for closing a client’s 's account under the following circumstances: • ü Closing of an account upon client’s 's request If a client requests to close his/her account, Back . Back-Office / Account Opening Department must verify that the client provides them with clear instructions about their request in written form. In turn, funds in client’s 's accounts shall all be withdrawn and settled on the same day that the request to withdraw funds was made, or the next working day if the client’s 's request is received outside of normal trading hours. Note that Back Office Department must keep all records and transactions made by the client for at least 5 years after the termination of his/her account. • ü Closing of an account when client has passed away If a client has passed away, the inheritor or the person who acts on behalf of the client (e.g. lawyer) is responsible for providing instructions to the Back Back-Office Department for closing the client’s 's account. The Back Back-Office Department shall also request a Death’s 's Certificate, as well as the bank details of the inheritor(s) for transferring the underlying funds to the inheritor. Dormant Account An account shall be considered as dormant, in the absence of any trading activity for a period of at least one (1) calendar year. Upon the end of the calendar year the Company will undertake an annual review of all accounts and identify these where no activity has occurred for a period of 1 (one) calendar year. All such accounts will be classified as Dormant. Once an account is treated as Dormant, the Client will be informed accordingly in order to obtain Client’s instruction for further actions. If the Client doesn’t respond for notification and has remained inactive for a following 1 month’s period, the Company reserves the right to close the account unilaterally and return all of the Client’s funds remained after deduction of maintenance fee to the initial source. Dormant Accounts can be re–activated upon confirmation by the client and provision/review of the available documents and ensuring that all due diligence and KYC documentation procedures have been followed. If the Client wishes to make a deposit and start trading again, they will have to provide updated documentation. The Company reserves the right to charge a fixed administration fee of €20 (twenty Euros) every year in order to maintain the account, on the condition that the Client account has the available funds. The maintenance fee shall be deducted from the Client’s account on the last day of the period of which the account becomes Dormant. The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account is treated as Dormant Account and fee is charged to maintain the account. If the Client account does not have the necessary funds for the maintenance fee and has remained inactive for a following 3 months’ period, the Company reserves the right to charge a lower amount to cover maintenance expenses and close the account unilaterally. If the Client account does not have any funds on the account has remained inactive for a following 1 month the Company reserves the right to close the account unilaterally. Social Trading The Company also offers the form of investing through “Social Trading” which allows clients (hereinafter the “Subscribers”) to observe the trading behaviour of other traders (hereinafter the “Providers”) after they subscribe under a specific Provider of trading. A client may choose to register under xxx.xxxxxxxxxxxx.xxx, provide all the dedicated and valid KYC Documents, be approved by the Company and then deposit an amount which may be traded by his/her Provider of trading of his/her choice. The Client shall subscribe under the Provider trader in case he/she wish to participate in Social Trading and follow a specific trader. However, in case of trading on behalf of the subscriber the Company does not bear any responsibility, since the Subscriber Client participates in his/her own initiative to social trading. The Subscriber Client understands that our products are traded on margin and carry a high level of risk and it is possible to lose all his/her capital. These products may not be suitable for everyone and he/she should ensure that he/she understands the risks involved in trading and/or in social trading. Please read the full Risk Disclosure before you subscribe under any Provider Trader.
Appears in 1 contract
Samples: www.vfsmarkets.com
Minimum Withdrawals. Where you have had trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where you have had trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where you have had no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making your available balance zero, through any means shall be subject to a fee of 20 units. Closing of a client’s account Back Office / Account Opening Department shall be responsible for closing a client’s account under the following circumstances: • Closing of an account upon client’s request If a client requests to close his/her account, Back Office / Account Opening Department must verify that the client provides them with clear instructions about their request in written form. In turn, funds in client’s accounts shall all be withdrawn and settled on the same day that the request to withdraw funds was made, or the next working day if the client’s request is received outside of normal trading hours. Note that Back Office Department must keep all records and transactions made by the client for at least 5 years after the termination of his/her account. • Closing of an account when client has passed away If a client has passed away, the inheritor or the person who acts on behalf of the client (e.g. lawyer) is responsible for providing instructions to the Back Office Department for closing the client’s account. The Back Office Department shall also request a Death’s Certificate, as well as the bank details of the inheritor(s) for transferring the underlying funds to the inheritor. Dormant Account An account shall be considered as dormant, in the absence of any trading activity for a period of at least one (1) calendar year. Upon the end of the calendar year the Company will undertake an annual review of all accounts and identify these where no activity has occurred for a period of 1 (one) calendar year. All such accounts will be classified as Dormant. Once an account is treated as Dormant, the Client will be informed accordingly in order to obtain Client’s instruction for further actions. If the Client doesn’t respond for notification and has remained inactive for a following 1 month’s period, the Company reserves the right to close the account unilaterally and return all of the Client’s funds remained after deduction of maintenance fee to the initial source. Dormant Accounts can be re–activated upon confirmation by the client and provision/review of the available documents and ensuring that all due diligence and KYC documentation procedures have been followed. If the Client wishes to make a deposit and start trading again, they will have to provide updated documentation. The Company reserves the right to charge a fixed administration fee of €20 (twenty Euros) every year in order to maintain the account, on the condition that the Client account has the available funds. The maintenance fee shall be deducted from the Client’s account on the last day of the period of which the account becomes Dormant. The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account is treated as Dormant Account and fee is charged to maintain the account. If the Client account does not have the necessary funds for the maintenance fee and has remained inactive for a following 3 months’ period, the Company reserves the right to charge a lower amount to cover maintenance expenses and close the account unilaterally. If the Client account does not have any funds on the account has remained inactive for a following 1 month the Company reserves the right to close the account unilaterally. Social Trading The Company also offers the form of investing through “Social Trading” which allows clients (hereinafter the “Subscribers”) to observe the trading behaviour of other traders (hereinafter the “Providers”) after they subscribe under a specific Provider of trading. A client may choose to register under xxx.xxxxxxxxxxxx.xxx, provide all the dedicated and valid KYC Documents, be approved by the Company and then deposit an amount which may be traded by his/her Provider of trading of his/her choice. The Client shall subscribe under the Provider trader in case he/she wish to participate in Social Trading and follow a specific trader. However, in case of trading on behalf of the subscriber the Company does not bear any responsibility, since the Subscriber Client participates in his/her own initiative to social trading. The Subscriber Client understands that our products are traded on margin and carry a high level of risk and it is possible to lose all his/her capital. These products may not be suitable for everyone and he/she should ensure that he/she understands the risks involved in trading and/or in social trading. Please read the full Risk Disclosure before you subscribe under any Provider Trader.
Appears in 1 contract
Samples: Client Agreement
Minimum Withdrawals. Where you have had trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where you have had trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where you have had no trading activity or minimum maximum 2 lots, any request for withdrawal of the same amount as deposit making your available balance zero, through any means shall be subject to a fee of 20 units. Closing of a client’s account Back Office / Account Opening Department shall be responsible for closing a client’s account under the following circumstances: • Closing of an account upon client’s request If a client requests to close his/her account, Back Office / Account Opening Department must verify that the client provides them with clear instructions about their request in written form. In turn, funds in client’s accounts shall all be withdrawn and settled on the same day that the request to withdraw funds was made, or the next working day if the client’s request is received outside of normal trading hours. Note that Back Office Department must keep all records and transactions made by the client for at least 5 years after the termination of his/her account. • Closing of an account when client has passed away If a client has passed away, the inheritor or the person who acts on behalf of the client (e.g. lawyer) is responsible for providing instructions to the Back Office Department for closing the client’s account. The Back Office Department shall also request a Death’s Certificate, as well as the bank details of the inheritor(s) for transferring the underlying funds to the inheritor. Dormant Account An account shall be considered as dormant, in the absence of any trading activity for a period of at least one (1) calendar year. Upon the end of the calendar year the Company will undertake an annual review of all accounts and identify these where no activity has occurred for a period of 1 (one) calendar year. All such accounts will be classified as Dormant. Once an account is treated as Dormant, the Client will be informed accordingly in order to obtain Client’s instruction for further actions. If the Client doesn’t respond for notification and has remained inactive for a following 1 month’s period, the Company reserves the right to close the account unilaterally and return all of the Client’s funds remained after deduction of maintenance fee to the initial source. Dormant Accounts can be re–activated upon confirmation by the client and provision/review of the available documents and ensuring that all due diligence and KYC documentation procedures have been followed. If the Client wishes to make a deposit and start trading again, they will have to provide updated documentation. The Company reserves the right to charge a fixed administration fee of €20 (twenty Euros) every year in order to maintain the account, on the condition that the Client account has the available funds. The maintenance fee shall be deducted from the Client’s account on the last day of the period of which the account becomes Dormant. The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account is treated as Dormant Account and fee is charged to maintain the account. If the Client account does not have the necessary funds for the maintenance fee and has remained inactive for a following 3 months’ period, the Company reserves the right to charge a lower amount to cover maintenance expenses and close the account unilaterally. If the Client account does not have any funds on the account has remained inactive for a following 1 month the Company reserves the right to close the account unilaterally. Social Trading The Company also offers the form of investing through “Social Trading” which allows clients (hereinafter the “Subscribers”) to observe the trading behaviour of other traders (hereinafter the “Providers”) after they subscribe under a specific Provider of trading. A client may choose to register under xxx.xxxxxxxxxxxx.xxx, provide all the dedicated and valid KYC Documents, be approved by the Company and then deposit an amount which may be traded by his/her Provider of trading of his/her choice. The Client shall subscribe under the Provider trader in case he/she wish to participate in Social Trading and follow a specific trader. However, in case of trading on behalf of the subscriber the Company does not bear any responsibility, since the Subscriber Client participates in his/her own initiative to social trading. The Subscriber Client understands that our products are traded on margin and carry a high level of risk and it is possible to lose all his/her capital. These products may not be suitable for everyone and he/she should ensure that he/she understands the risks involved in trading and/or in social trading. Please read the full Risk Disclosure before you subscribe under any Provider Trader.
Appears in 1 contract
Samples: Client Agreement
Minimum Withdrawals. Where you have had trading activity, any request for credit cards shall be executed, given that the requested amount is subject to 10 units (incl.) and above. No withdrawals to credit cards shall be executed for amounts below 10 units. Where you have had trading activity, any request for bank wire shall be executed, given that the requested amount is subject to 50 units (incl.) and above. No withdrawals through bank wire shall be executed for amounts below 50 units. Where you have had no trading activity or minimum 2 lots, any request for withdrawal of the same amount as deposit making your available balance zero, through any means shall be subject to a fee of 20 units. Maximum Withdrawals The maximum amount for withdrawal on a monthly basis, when there is available balance in your account, shall not exceed 200.000 currency units. Closing of a client’s account Back Office / Account Opening Department shall be responsible for closing a client’s account under the following circumstances: • Closing of an account upon client’s request If a client requests to close his/her account, Back Office / Account Opening Department must verify that the client provides them with clear instructions about their request in written form. In turn, funds in client’s accounts shall all be withdrawn and settled on the same day that the request to withdraw funds was made, or the next working day if the client’s request is received outside of normal trading hours. Note that Back Office Department must keep all records and transactions made by the client for at least 5 years after the termination of his/her account. • Closing of an account when client has passed away If a client has passed away, the inheritor or the person who acts on behalf of the client (e.g. lawyer) is responsible for providing instructions to the Back Office Department for closing the client’s account. The Back Office Department shall also request a Death’s Certificate, as well as the bank details of the inheritor(s) for transferring the underlying funds to the inheritor. Dormant Account An account shall be considered as dormant, in the absence of any trading activity for a period of at least one (1) calendar year. Upon the end of the calendar year the Company will undertake an annual review of all accounts and identify these where no activity has occurred for a period of 1 (one) calendar year. All such accounts will be classified as Dormant. Once an account is treated as Dormant, the Client will be informed accordingly in order to obtain Client’s instruction for further actions. If the Client doesn’t respond for notification and has remained inactive for a following 1 month’s period, the Company reserves the right to close the account unilaterally and return all of the Client’s funds remained after deduction of maintenance fee to the initial source. Dormant Accounts can be re–activated upon confirmation by the client and provision/review of the available documents and ensuring that all due diligence and KYC documentation procedures have been followed. If the Client wishes to make a deposit and start trading again, they will have to provide updated documentation. The Company reserves the right to charge a fixed administration fee of €20 (twenty Euros) every year in order to maintain the account, on the condition that the Client account has the available funds. The maintenance fee shall be deducted from the Client’s account on the last day of the period of which the account becomes Dormant. The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account is treated as Dormant Account and fee is charged to maintain the account. If the Client account does not have the necessary funds for the maintenance fee and has remained inactive for a following 3 months’ period, the Company reserves the right to charge a lower amount to cover maintenance expenses and close the account unilaterally. If the Client account does not have any funds on the account has remained inactive for a following 1 month the Company reserves the right to close the account unilaterally. Social Trading The Company also offers the form of investing through “Social Trading” which allows clients (hereinafter the “Subscribers”) to observe the trading behaviour of other traders (hereinafter the “Providers”) after they subscribe under a specific Provider of trading. A client may choose to register under xxx.xxxxxxxxxxxx.xxx, provide all the dedicated and valid KYC Documents, be approved by the Company and then deposit an amount which may be traded by his/her Provider of trading of his/her choice. The Client shall subscribe under the Provider trader in case he/she wish to participate in Social Trading and follow a specific trader. However, in case of trading on behalf of the subscriber the Company does not bear any responsibility, since the Subscriber Client participates in his/her own initiative to social trading. The Subscriber Client understands that our products are traded on margin and carry a high level of risk and it is possible to lose all his/her capital. These products may not be suitable for everyone and he/she should ensure that he/she understands the risks involved in trading and/or in social trading. Please read the full Risk Disclosure before you subscribe under any Provider Trader.
Appears in 1 contract
Samples: Client Agreement
