The Client may deposit funds into his personal Account at any time during the course of this Agreement. Deposits will be accepted by bank transfer, Swift, debit / credit card . The Company shall credit the Client Account within one Business Day after the amount is cleared in the bank account of the Company with the relevant amount. The relevant amount will be net of any transfer fees or other charges incurred by the Company that are imposed by the Institution (or intermediary involved in the process) that holds the Funds.
The Company will not accept third party or anonymous payments of funds in the Client Account.
The client accepts that the Funds shall be deposited in his/her trading account only if the Company is satisfied that the sender of the Funds is the client or his/ her authorized representative; if the Company is not satisfied as to the above then the Company has the right to reject the Funds and return them to the remitter net of any transfer fees or other charges incurred by the Company, using the same transfer method as the one through which it originally received the Funds.
The Client can deposit funds into his margin account through mti24 website once he logged in to his personal account. mti24 can accept the following debit and credit cards:
Bank Wire Transfers
mti24 bank wire details can be given by your personal account manager.
mti24 are working with variety of banks all over the world and we will make sure to provide you with the proper details for the fastest and easiest transaction. It can take 3-4 business days to confirm that your Bank wire transfer has been accepted by mti24 financial department.
The Company will effect withdrawals of Client funds upon the receipt of an application for withdrawal made via the Company Online Trading System (if available at the time).
The client accepts that withdrawal of any part of the Funds shall be concluded using the same transfer method and the same remitter as the one which the Company originally received the Funds from; under such circumstances, the Company shall return the part of the Funds requested net of any transfer fees or other charges incurred by the Company.
The Company reserves the right to decline a withdrawal request of the Client asking for a specific transfer method.
Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall pay the funds, if the following requirements are met:
- The withdrawal instruction includes all necessary information (including but not limited to: Account No. Name, Amount, Currency);
- The instruction is to make a bank transfer of funds to the account of the Client
- At the moment of payment, the Client’s Free Margin exceeds the amount specified in the withdrawal instruction including all payment charges.
Withdrawals will only be effected towards the Client. The Company will not process withdrawals to any other third party or anonymous account.
The Company reserves the right to request additional information and/or documentation to satisfy itself that the request is legitimate. In addition, the Company reserves the right to reject such a request if it deems that this may not be legitimate. The client accepts that under such circumstances there may be a delay in processing the request.
All payment and transfer charges will be borne by the Client and the Company shall debit the Client Account for these charges.
The Company does not charge any fees for client deposit or withdrawals.
Clients making both deposit and withdrawals via Wire Transfers will be subject to the transferring bank(s) wiring fees.
The minimum withdrawal amount is 5 (five) USD or 5 (five) GBP or 5 (five) EUR subject to the client’s account currency.
Transfer of funds between clients’ accounts
The company, at its sole discretion, has the right of rejecting such request especially in the basis that the Compliance officer is not confident on the legality of the transaction.
Should you require any further information and/or have any questions about the Policy please direct your request and/or questions to [email protected].