Trading in any investment opportunity that may generate profit requires MFIbroker customers to deposit money on their online account. Profits may be withdrawn from the online account.Deposits and withdrawals are regulated by this WD policy.
You, the Client, have to perform all the deposits from a source (e.g. single bank account). If you want to start trading, you should make sure this account is in your country of residence and in your name. In order to certify that a SWIFT confirmation is authentic, it has to be sent to MFIbroker to confirm the origin of the money which will be used for trading. If you don’t comply with this WD policy, you may be prevented from depositing the money via Bank/Wire Transfer.
As a client, one can create any number of accounts and can make make deposits of various amounts in any of the real accounts.
kindly be informed as well that deposit method for VISA will be different. To clearly illustrate, imagine that your user chooses to fund his account via VISA deposit, after he has successfully provided his complete payment information, he will be directed to the automatic voucher redemption page, and only after clicking the “Redeem Now” button will he be directed to the payment confirmationpage, thus completing his transaction.
IaccPay only allows minimum USD/EUR 10 and maximum USD/EUR 750 per deposit.
You can deposit funds using a variety of funding methods including Bank transfer, credit/debit card. For full information on our funding methods, please visit our Deposit Funds Page or login to My account
Unless we agree otherwise, withdrawals from the Account may only be made in the same currency in which the respective deposit was made.
In addition, when you deposit or withdraw money for trading purposes using alternative payment methods, you should be aware that additional fees and restrictions may apply. Withdrawals are subjected to withdrawals processing and handling fees. Those fees will be deducted from the transferred withdrawn amount. The fees schedule is available on MFIbroker Without derogating of the foregoing, MFIbroker may execute withdrawals to a different facility than the one used for the deposit, subject to Anti Money-Laundering regulations.
Furthermore, when it comes to withdrawals, Client may be required to present additional information and documents.
“IaccPay does not allow a withdrawal in the form of refund.”
Funds appearing on Clients’ account may include agreed or voluntary bonuses and incentives, or any other sums not directly deposited by the Client or gained from trading on account of actually deposited funds (“Non-Deposited Funds”). Please note unless otherwise explicitly agreed, Non-Deposited Funds are not available for withdrawal. Further, due to technical limitations, Non-Deposited Funds may be assigned to Client’s account in certain occasions (for example, for the technical purpose of allowing the closing of positions or an indebted account).
In order to process your withdrawal request, you must:
•Open a withdrawal request from client area.
•Print the [withdrawal.pdf] form.
•Sign the printed form.
•All compliance documentation must have been received and approved by MFIbroker compliance officer in order to proceed with the withdrawal.
•Beneficiary Name must match the name on the trading account. Requests to transfer funds to third party will not be processed.
IMPORTANT: ACCOUNT HOLDER IS REQUIRED TO MONITOR ACCOUNT REGULARLY, AND ENSURE THAT AVAILABLE MARGIN EXISTS IN THE ACCOUNT PRIOR TO SUBMITTING THIS REQUEST, AS SUCH WITHDRAWAL MAY HAVE AN IMPACT ON EXISTING OPEN POSITIONS OR TRADING STRATEGY USED.
The time it takes for the money to reach your bank account that has been used to deposit funds may vary (usually up to five business days). Note that it might take longer for withdrawals to bank accounts due to the additional security procedures in force.
The request will generally be processed by MFIbroker within 2-5 business days of receipt. In order to avoid any delays please review your information carefully before submitting your request. MFIbroker assumes no responsibility for errors or inaccuracies made by the account holder. Corresponding withdrawals will take 3 to 5 business days to process. MFIbroker cannot monitor and is not responsible in any way for the Client’s bank’s internal procedures. Client must follow up with the respective bank independently.
Please note clearly that we are not committed to any time frame and that any additional charges imposed by third parties shall be deducted from the deposit or the withdrawal, as applicable.
Additional Charges: If the receiving bank uses an intermediary bank to send/receive funds, you may incur additional fees charged by the intermediary bank. These charges are usually placed for transmitting the wire for your bank. MFIbroker is not involved with and nor has any control over these additional fees. Please check with your financial institution for more information.
For Credit card deposits, when you choose an account in a different currency than EUR/USD, your credit card will be debited properly in accordance with amount deposited and the applicable exchange rates. In addition to the exchanged sum deposited, additional credit cards fees may apply (as a result, in such cases you may notice discrepancies between the sum of deposit and the sum charged on your credit card). Customers must accept these slight variations that can occur and won’t try to charge this back.
Your Account may comprise of different currencies. These will be subject to the following conditions:
We may accept payments into the account in different currencies and any payments due to or from us and any net balances on the account shall be reported by us in the respective currency; The account is maintained in US Dollars, Euro or JPY (“Base Currencies”) and any other currency will be converted at the exchange rate existing at the point of conversion (“Exchange Rate”); if the Client send funds in another currency than his account’s currency, we will apply an exchange rate to our discretion.
We will generally settle trades or perform any required setoffs and deductions in the relevant currency where the account comprises such currency ledger, save that where such currency balance is insufficient, we may settle trades in any currency using the Exchange Rate.
Please note this policy cannot be exhaustive, and additional conditions or requirements may apply at any time due to regulations and policies, including those set in order to prevent money laundering. Please note any and all usage of the site and services is subject to the Terms and Conditions, as may be amended from time to time by MFIbroker, at its sole discretion.
Withdrawls can be made only by wire transfers and not by any other means.
For queries concerning policy matters, please contact us anytime.
Here you will find information describing risks associated with trading based on information provided on our website www.mfibroker.com
Trading generally is not appropriate for someone with limited resources and limited investment or trading experience and low risk tolerance.
Trading of FOREX, CFDs, derivatives and other investment products that are leveraged, can carry a high level of risk, and may not be suitable for all investors. The nature of leveraged products means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. It is possible that you could sustain a total loss of initial margin funds and will need to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. Selling short may result in losses beyond your initial deposit as well, because you may have to purchase a security at a very high price in order to cover a short position. YOU MAY RAPIDLY LOSE ALL OF THE FUNDS DEPOSITED FOR TRADING AND YOU MAY EVEN LOSE MORE THAN YOUR DEPOSIT. Penny stock investors are often unable to sell stock back to the dealer that sold them the stock. Therefore, you should not speculate with capital that you cannot afford to lose. In particular, you should not fund trading with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or homeownership, or funds required to meet your living expenses.
Trading requires good knowledge of financial markets, trading techniques and strategies. You should understand that while trading you will compete with other market professionals, licensed traders and those employed by trading firms. In addition to normal market risks, you may experience losses due to system failures. Trading also may result in paying large commissions. The total size of commissions that you pay on your trades may significantly add to your losses or significantly reduce your earnings.
Before deciding to trade you should carefully consider your objectives, financial resources, needs, your level of experience and other circumstances. We recommend you seek advice from an independent financial advisor before going into real trading.
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. MFIbroker Ltd will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
We do not recommend the use of technical analysis as a sole means of trading decisions. We do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.