Common use of Refunds/Returns Clause in Contracts

Refunds/Returns. 28.1. The Clauses, Sections, and Subsections of this Article were developed for the purpose of reducing financial and legal risks to the Company, observance of Client right to receive a refund and/or return of their funds [hereinafter also referred to as: ‘Withdrawal’, wherever applicable], and in counteraction of money-laundering, forgery, and the financing of terrorist activity. 28.2. The Company adopts a high priority policy in reimbursing its clients whenever a valid amount of money is requested, as long as the Client meets the Company’s withdrawal requirements. 28.3. The Client may submit a withdrawal request through their account on the Company’s Website or platform. as long as they meet the Company’s withdrawal qualifications. Such qualifications include, but are not limited to: 28.3.1. Being deemed fully KYC compliant as determined by the Company’s Compliance Department and adhering to any additional documentation request or requirement by any third-party institution the Company may deal with in order to process such a transaction; 28.3.2. Not requesting credited funds, fees, bonuses, or funds given by or owed to the Company; and 28.3.3. Not requesting funds above the Client’s account’s capabilities (i.e., not need for margin purposes); 28.3.4. Having no open positions in the account. 28.4. All withdrawal requests are subject to a comprehensive review by the Company and are liable for cancellation upon the discretion of the Company. 28.5. Any balance of the Client’s money, both deposited funds and profits, not required for margin purposes, can be furnished to the Client as expediently as possible.