The Parties to these Terms and Conditions declare hereby that the Company is authorized to carry out any deposits and withdrawals from the Account on Client's behalf. This includes also withdrawals for settlement of transactions under these Terms and Conditions and other transactions regarding amounts payable by or on behalf of the Client to Company or third persons.
The Parties to these Terms and Conditions furthermore acknowledge the right of the Company to set off any amounts held on behalf of the Client against any payments payable from the Client to the Company or its broker(s).
The Client is authorized to fund its Account by means of respective credit or debit cards, SEPA transfers, wire transfers, e-wallets in fiat. The Company decides in its absolute discretion which money transfer method shall be considered as acceptable.
The Company determines the minimum initial deposit required for commencing with trading unless Company decides otherwise in its sole discretion. Cash deposits and Account access based on cash deposits are subject to Company's prior approval.
The Client is allowed to withdraw the funds deposited in its Account pursuant to rules set out in these Terms and Conditions and subject to provision of respective documents requested by the Company. The Parties acknowledge that it is the sole discretion of the Company to carry out the withdrawal before all requirements are met by the Client. The Client acknowledges that it bears all expenses related to the withdrawal of funds (expenses incurred by bank, credit card provider, etc.). The Parties acknowledge furthermore that profits made by the Client can only be transferred to the Client's bank account, whereas only the amount of the initial deposit made can be transferred to Client's initial deposit facility.
Funds deposited on the Account and profits gained can only be withdrawn to the respective account or card from which the funds were transferred to the Account (hereinafter "Originating Account").
The minimum amount the Client is allowed to withdraw amounts to 500 USD unless the Company decides otherwise in its sole discretion. In case of a respective withdrawal request the Client shall provide the Company with accurate payment details. The payment details shall be provided within 3 (THREE) banking days, otherwise, new withdrawal request shall be made.
The withdrawal will be carried out by the Company if the identity of the Client is duly verified by valid and accurate KYC and AML documentation.
In the case of the Chargeback(s) initiated by the Client, the Company is authorized to cancel/close all positions and gained profits and bonuses with immediate effect.