Cancellation and Withdrawal Policy

This policy details the requirements for managing funds, processing withdrawals, and the conditions for account termination.

1. Deposit and Withdrawal Rules

Trading requires customers to deposit money into their online accounts, and profits may be withdrawn from these accounts.

• Deposits: Must be made from a source (bank account or card) owned by the client; third-party payments are not accepted.
• Withdrawals: According to AML regulations, funds must be withdrawn through the same account or card used for the deposit and in the same currency.
• Processing: Withdrawal requests are typically completed within 3-5 business days. Card withdrawals (Visa/MasterCard) are processed within 1 business day but may take up to 6 banking days to settle.

2. Liquidation and Cancellation of Positions

JMI may close out or cancel open positions and commitments if the customer fails to maintain required margin or if JMI deems it necessary for its protection for any reason. Profits on trades executed without express permission in a deficit account may be forfeited at JMI's discretion.

3. Non-Deposited Funds (Bonuses)

Funds such as bonuses or sums not directly deposited by the client are considered "Non-Deposited Funds". These funds belong to JMI Brokers LTD and can be cancelled or removed at any time.

4. Termination of Access

JMI may, at its sole discretion, terminate or restrict your access to the Online Service and may terminate this Agreement at any time. Upon termination, any software licenses granted shall automatically expire.

5. Assignment of Accounts

JMI may assign a customer's account to another registered commission merchant by notifying the customer ten days prior to the assignment. The assignment is binding unless the customer objects in writing before the scheduled date.