Withdrawals and fees. 3.1 If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits.
3.2 Trades under 5 min/ “scalping” – can be subjected to cancellation and the account can be suspended until the Risk committee decides further action.
3.3 If the Client has accepted a Credit Token equal to at least 50% of the Client’s deposit amount and has not achieved a trading volume equal to the Required Number of Lots divided by 4, any withdrawals that the Client makes will be subject to an additional withdrawal fee equal to 20% of the Client’s Withdrawal Amount. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token and profit will become null and void and the Client’s losses, if any, will be deducted from the funds available for withdrawal.
3.4 Credit Tokens awarded by EGM FINANCE must be used to place trades. If a client has not achieved a turnover equivalent to the Required Number of Lots divided by 4 within 3 months of receiving a Credit Token, EGM FINANCE has the right to cancel the Credit Token and remove it from the Client's account.
3.5 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading losses, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits less the Client’s total trading losses. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token will become null and void, and the Client’s total losses will be deducted from the funds available for withdrawal.
3.6 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading profits, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token amount will become null and void, the Client’s profits will be forfeited, and only the Client’s deposited funds will be available for withdrawal.
3.7 Clients can only make withdrawals provided they have no positions open at the time of making a withdrawal request.
3.8 Examples of Trading Balance and Withdrawal Balance calculations are provided below:
3.8.1 Example 1
Withdrawals and fees. ● 4.1. If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. One lot shall be 100 000 (one hundred thousand) Units of trading currency
Withdrawals and fees. You may withdraw cash at any ATM that accepts Mastercard, or which supports either Maestro or Interlink systems. • You will not be charged ATM transaction fees while using an Allpoint ATM. Current location for Allpoint ATMs can be found using the SoFi Mobile App. You are responsible for any fees charged by ATM operators when using ATMs which are not in the Allpoint network, including fees for balance inquiries even if you do not complete a cash withdrawal. Note that SoFi Securities may, at any time in its sole discretion, or based on changes agreed to with Allpoint, limit, suspend, change or terminate its ATM policy. Any changes to the ATM policy will be described on the SoFi Website, the SoFi Mobile App and/or on the SoFi Rate Sheet. For Legacy Accounts, SoFi will continue to apply its prior ATM fee reimbursement policies. Please note that SoFi reserves the right to reverse or alter this policy with respect to its Legacy Accounts at any time in its sole discretion. • P2P Transfers. You can send money to other Sofi Money Customers or to friends or family with accounts at other U.S. financial institutions using the SoFi Money P2P Transfer Service. No P2P Transfers or wire transfers are permitted to outside of the United States. • Check Writing. You can write checks using your SoFi Money Account checkbook. • Bill Pay Payments. You can pay bills electronically using the SoFi Money Bill Pay Service.
Withdrawals and fees. ● 4.1. If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. One lot shall be 100 000 (one hundred thousand) Units of trading currency
● 4.2. Trades under 5 min/ “scalping” – can be subjected to cancellation and the account can be suspended until the Risk committee decides further action.
● 4.3. If the Client has accepted a Credit Token equal to at least 50% of the Client’s deposit amount and has not achieved a trading volume equal to the Required Number of Lots divided by 4, any withdrawals that the Client makes will be subject to an additional withdrawal fee equal to 50% of the Client’s Withdrawal Amount. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token and profit will become null and void and the Client’s losses, if any, will be deducted from the funds available for withdrawal.
