DEPOSIT AND WITHDRAWAL POLICY

Trading in any investment opportunity that may generate profit requires Audemart clients to deposit fiat currency on their online account. Profits may be withdrawn from the online account.

Deposits and withdrawals are regulated by this WD policy as well as the generally applicable terms and conditions.

Deposits
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 Audemart.com 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 Fiat via Bank/Wire Transfer. If you did not login and traded from your account within three (3) months, your Account will be subject to a deduction of 10 % each month.

Withdrawals
According to generally acceptable rules and regulations, withdrawals must be performed only through the same bank account or credit/debit card that you used to deposit the funds. Withdrawals from the Account may only be made in the same currency(Fiat only) in which the respective deposit was made.

In addition, when you deposit or withdraw money for trading purposes using 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 Those fees will be deducted from the transferred withdrawn amount.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 Audemart.com.

Without derogating the foregoing, Audemart.com 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.

NON-DEPOSITED FUNDS
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).
Without derogating from the abovementioned, bonuses issued to Client by Audemart.com may only be withdrawn subject to execution of a minimum trading volume of 30 times the deposit amount plus the bonus issued (“Minimum Trading Volume“).


Submitting A Withdrawal Request
In order to process your withdrawal request, you must:
Print the Withdrawal form. Client will log in to his account through the website, click on withdrawal, fill up the information and fill up the withdrawal form. Sign the printed form. Send the form to us via e-mail as a scanned image (JPG, GIF, PNG, non-password protected PDF) to. All compliance documentation must have been received and approved by Audemart.com’s 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.

Typical withdrawal processing time
The time it takes for the money(Fiat) to reach your credit card or 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 Audemart.com within 2-5 business days of receipt. In order to avoid any delays please review your information carefully before submitting your request. Audemart.com assumes no responsibility for errors or inaccuracies made by the account holder.
Corresponding withdrawals will take 3 to 5 business days to process. Audemart.com cannot monitor and is not responsible in any way for the Client’s Credit Card Company or bank’s internal procedures. Client must follow up with the credit card or respective bank independently

Funds are released to your credit account once your credit card merchant has debited the funds from our account. This process may take up to 5 business days or more to reflect on your credit card account balance. If you do not have online access to your credit card, it should appear on the next billing statement(s) depending on your card’s billing cycle.

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. Audemart.com is not involved with and nor has any control over these additional fees. Please check with your financial institution for more information.

CREDIT/DEBIT CARDS

For Credit card deposits, when you choose an account in a different currency than USD (United States Dollar), your credit card will be debited properly in accordance with the amount deposited and the applicable exchange rates. In addition to the exchanged sum deposited, additional credit card 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.

If you have used a credit card to deposit money, performed online trading and decide to cash in on your winnings, the same credit card must be used.
Amount of withdrawal per credit card is only allowable to an equal amount of money deposited per credit card or less.
Greater amounts must be wire-transferred to a bank account.

Currency
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 or Euro (“Base Currencies”) and any other currency will be converted at the exchange rate existing at the point of conversion (“Exchange Rate”);

If the Client sends 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 set offs 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 available at www.ecb.europa.eu/home/html/index.en.html

Additional conditions
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 Audemart.com, at its sole discretion.

REFUND POLICY

The Policy of Return of Money was developed for the purpose of reducing financial and legal risks of the company, observance of the principles of the Policy of counteraction of money-laundering and forgery of financing terrorist activity.

The company has the right to unilaterally block an entrance to the private profile, suspend the trade activity on accounts, cancel the demand for input-output, or to return money if the source of money or activity of the client contradicts the Policy of money laundering and financing of terrorism.

The company doesn’t cancel the realized commercial transactions, and therefore reserves the right to return money to the sender, if within a month from the moment of replenishment, activity wasn’t recorded on trading accounts.

The company reserves the right for certain objective reasons, and in case the need to make return of money arises, funds will be received through all payment systems, including credit/debit cards. Thus, the return of money will be executed on electronic platforms, and the bank details which the client used at input of money is where the transaction will take place.

In the event that the company classifies activity of the client as inappropriate, or contradicting the usual purpose of use of company services where there is direct, or indirect, illegal, or unfair intention, the company reserves the right to work within this document, without informing the client beforehand.

Upon replenishing the trading account by cash card, the client is required not to submit the application for confirmation of the payment which is already enlisted into the trading account to the bank, or to the supplier of the credit/debit cash card, both in time, and after completion of use of company services. Nevertheless, if the company receives a payment comment according to the transaction, we reserve the right to block entrance to the private profile, and freeze the current balance of the client, as well as send money back on the personal account of the client, following the payment of all services and commissions.

The company will take all necessary measures to prevent and block both input and withdrawal by third parties of money from the customer account. Input and output of money from the account can be carried out only by the owner of that particular account.

Once a withdrawal request is submitted, it can take Audemart up to three business days to process the request. Once the request has been approved, please allow an additional 5-7 business days for the funds to show in your account.
Cancelling your account – There is no additional cost if you would like to cancel your account, just place a withdrawal request, and inform us about your desire to close your account. Withdrawals will be processed as per the withdrawal procedure outlined above.