Payments Terms
These terms and conditions (hereinafter “Terms”) apply to any transfers made by clients of Aglobe
Investments Ltd for the purpose of depositing monetary funds to or withdrawing monetary funds
from (hereinafter “Payment”) the client’s trading account, which has been opened with Aglobe
Investments Ltd.
Upon submitting a request to Aglobe Investments Ltd for making a Payment, each client confirms
that they have read, understood and agree to be bound by these Terms for the used payment method
chosen within Traders Room. With regard to matters not determined by these Terms, the general
Account Terms of Aglobe Investments Ltd shall apply.
1. Payments
1.1 The client may submit Payment requests at any time and Admiral Markets will accept it,
provided that the client is compliant, at all times, with both the general Account Terms as well
as the Payment Terms of Admiral Markets. Please note that Admiral Markets shall not accept nor
process Payments directed to or originating from accounts belonging to someone other (third
person) than the client.
1.2 In case of withdrawal of funds, Admiral Markets reserves the right to execute such a request
to the same bank, intermediary bank and to the same account used by the client for making the
initial or any previous Payment, regardless of the withdrawal method chosen or preferred by the
client.
1.3 Admiral Markets reserves the right to withhold the execution of Payments and request
additional documents at any time, either to check the source of Payments or if otherwise deemed
necessary by Admiral Markets.
2. Additional Payment details
2.1 More specific details applicable to Payments (e.g. Payment limits, time schedules etc.) shall
be displayed in the Trader’s Room upon submitting the Payment request, whereas each client shall
be solely responsible for taking note of such details prior to making any Payment requests.
3. Erroneous or incorrect Payment requests
3.1 The client is encouraged to beware of any inaccuracies on the Payment request. Moreover, in
the event that the client has made an erroneous or incorrect Payment request, Admiral Markets
shall not be obligated to reclaim the Payment from the Payment Service Provider nor reimburse
the client for any fees, costs or other expenses occurred therein. The client shall be
responsible for compensating Admiral Markets for any costs or damages incurred as result of the
erroneous or incorrect Payment request.
4. Fees
4.1 Opening a trading account or demo account is free of charge.
4.2 Should the base currency of a client’s trading account differ from the base currency of the
transferred funds, the amount transferred will be converted to the base currency of the client’s
trading account. The daily exchange rate of Admiral Markets recipient bank, to where the payment
was directed, will be used to convert funds.
4.3 Deposits will be transferred to the client’s trading account within one business day once the
amount has reflected in Admiral Markets bank account.
4.4 Should any additional bank service charges apply to the transfer (from the receiving bank or
intermediary bank), the amount will be deducted from the funds to be transferred. As a result of
this the client may receive an amount below what was originally intended. Admiral Markets will
not be liable for any service charges imposed to transfers by other banks.
4.5 Should a transfer which entails debit of service charges (i.e. A type of transfer service
charge such as “All charges to Beneficiary” or “Shared Cost”) be made out to an Admiral Markets
bank account, the charges will be deducted from the amount to be transferred to the client’s
trading account.
4.6 Admiral Markets processes fund withdrawals from the client’s trading account on the same
business day provided the request for a withdrawal of funds has reached Admiral Markets before
17:00. Requests for withdrawals received by Admiral Markets after 17:00 on business days or on
weekends, national and bank holidays will be processed on the next business day.
4.7 Applicable fees are charged in the same base currency as used on the client`s trading account
- i.e. if the base currency of an account is AUD charges will apply in AUD, if the base currency
of an account is EUR charges will apply in EUR etc.
4.8 Please note that trading may entail additional fees, which are related to rollovers (e.g.
swaps or interest fees) for positions on any instruments held overnight and credit/debit of
dividend adjustments for positions on stock CFDs and index CFDs, pursuant to the terms and
conditions established in the Contract Specifications section of the Admiral Markets’ website.
5. Local legislation
5.1 As laws and regulations regarding financial services and monetary operations may differ
greatly from region to region, each client shall be solely responsible for complying with any
local regulations, in particular with any applicable tax liabilities.
6. Malfunction of payment systems
6.1 Each client should note the inherent vulnerability to failure, delay and/or disruption of
online payment systems, in particular as may be associated with the Payment Service Provider.
The client is strongly recommended to keep their anti-virus software up-to-date and to
continuously check their computer for viruses.
6.2 Under no circumstances shall Admiral Markets be held responsible for any delays, malfunctions
and/or outages of the payment systems and/or any other technical systems, which belong to or are
operated by the Payment Service Provider and/or for the results of such delays, malfunctions
and/or outages.
