Fortrade FX Currency Brokerage – Sole Proprietorship LLC (Fortrade FX) is
incorporated under the Laws of United Arab Emirates and holding trade license No.CN-4264953 from Abu Dhabi
Department of Economic Development and Licensed by The Securities and Commodities Authority (SCA) license
number 20200000030 as a First Category for Trading broker of OTC derivatives and currencies in the spot
market, It’s registered address is P.O. Box 29983, with CI Tower, Second Floor, Corniche Road, Abu Dhabi,
UAE.
Deposits, withdrawals and their associated fees and charges are subject to the terms listed in these
Payment Terms. Fortrade FX Currency Brokerage LLC has drafted the Payment Terms in addition to other Terms
so that you be aware of the rules that regulate our business relationship.
2. Deposits, Withdrawals, Fees & Charges
Any cash deposit in your Fortrade FX’s trading account is your asset and
you are entitled to withdraw or withdraw part of it (your free margin) within the limits available in
accordance with the said payment policies.
3. Multiple Funding Options
In order to facilitate customers, Fortrade FX is keen to offer a variety
of withdrawal and deposit options as mentioned on the website.
4. Transaction Size Limits
The maximum and minimum transactions are specified as indicated in the
company's website and if a deposit or withdrawal larger or smaller than the predetermined values of the
company is requested, the request will be rejected.
5. Free Margin Withdrawal Conditions
If you request a free margin withdrawal and during the withdrawal
processing, any open position has been moved, resulting in a change in the value of the free margin to a
lower free margin value than the withdrawal request, the request will be rejected.
6. Full Balance Withdrawal Procedure
If you wish to withdraw all the amount available in your account, consider
the following:
a. Closing all open positions.
b. Apply for the remaining balance to be withdrawn via the portal or by sending an email to ops@fortradefax.ae
7. Company Right of Deduction
The company has the right to deduct any amounts due from the investor from
the withdrawal request in accordance with the conditions.
8. Withdrawal Source Matching Rule
Any withdrawal request will be made by transferring the amount to be
withdrawn to the same source from which the deposit was made.
9. Processing Time & Liability
When making payments to your Account, your request may be subject to
delay. We will not be held responsible for loss or damage which may arise from such delay. Internal
transfers usually take 2 to 5 working days, while international transfers take 5 to 7 working business
days.
10. Additional Fees & Currency Charges
Fees and charges may be applied when using financial products such as
debit and credit cards and using currencies different than USD, GBP, EUR or AED.
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