Common use of Withdrawal of Client Money Clause in Contracts

Withdrawal of Client Money. The Client may withdraw funds from an Account by sending a completed withdrawal request form by fax, email/website/CRM, or post. This must detail Client Account details, the amount of the withdrawal and the account the money is to be paid into. MTC will not pay monies into a third party account so the account must be in the name of the Account holder. The Client will only be able to withdraw money available after margin obligations have been met and any fees, commissions or other charges have been deducted. We typically require a minimum of $USD1000 to maintain an open account. This may be waived at MTC’s sole discretion.