Indicated herein are the orderly procedures of how the Client can file a refund, what the conditions are for processing the return of funds, and what to anticipate upon approved request.
The Company invokes its right to reject or cancel the Client’s refund request if his/her trading account does not qualify a refund process. The Company will approve the refund request if the following conditions are met:
The Client must not have any existing investments, trades, and orders placed in the trading account when filing for a refund.
While the Company may process the Client’s refund as requested in good faith, the Company invokes its right to reject and cancel any fund returns if any of the following instances occur:
The Company is not obligated to provide a refund in case of damage or loss due to foreseen or unforeseen market events.
If the amount of the filed refund is more than the Client’s capital, it shall be canceled entirely. The Client agrees that returning funds shall only be in the same amount of his/her initial deposit.
The Company may require documents or information, including the Client’s bank details, to process refunds completely. If the Client does not comply with such a requirement, the Company has the right to cancel the refund request.
The Company will process eligible refunds up to ten working days, and the request’s status can be found on the Client’s account. Once the process of returning funds is completed by the Company, receiving it may still take up to seven days due to reverts in the merchant’s cash flow. The Company is not liable for the exceeding days after completing the refund process and shall be acknowledged by the Client as part of the merchant’s terms.
The Company will not charge processed refunds with fees, but the Client must consider that it might not be without cost at all times. Some banks or merchants that the Client uses can charge him/her with fees as applicable, which is beyond the Company’s control.
Above all, once the Company has completed transferring the funds to the relevant bank or merchant, the Company reserves the right to terminate the Client’s trading account entirely and refuse future transactions therein.