Deposit/Withdrawal Policy

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DEPOSIT & WITHDRAWAL POLICY
Kanak Capital Markets (hereafter referred to as the “Company”) is a company incorporated and registered under the Laws of Comoros Union as an International Brokerage and Clearing House with reference number T2022152. Kanak Capital Markets LLC is incorporated and registered under the Laws of Comoros with registration number HY01122186.

DEPOSITS

The client agrees that any funds deposited in his or her trading account will be deposited only if the Company is satisfied that the sender of the funds is the Client. If the Company is not satisfied with the above, it has the right to reject the Funds and return them to the remitter after deducting any transfer fees or other charges incurred by the Company, using the same transfer method through which the Funds were originally received.

The Client agrees that any funds sent by him/her to an account in the name of the Company, under its bank or merchant accounts, will be deposited to his/her trading account on the value date of the payment received and for the gross amount received in the bank or at the payment service provider (“PSP”).

The Client agrees that the Company, PSPs, or credit institutions with whom we work may impose limits on the total amount of money that can be accepted or transferred by or to us or
them at any given time or on an aggregated limit basis. If the Company establishes a deposit limit based on market conditions, you will be notified in advance, either via email, the trading platform, or other communication means. By accepting our Terms and Conditions upon registration, you agree that we will have no liability to you if you are unable to deposit any funds into your account due to deposit limits, and you agree to waive any claims you may have against us in any jurisdiction, to the extent permitted by law, as a result of your inability to deposit funds into your account with us.

If any amount received in the Company’s bank account or PSP is rejected by the bank or PSP at any time and for any reason, the Company will immediately remove the affected deposit from your trading account. The Company reserves the right to reject or cancel any other type of transaction facilitated by the deposit. These actions are understood to have the potential to result in a negative balance in all or some of your trading accounts (s).

If funds are deposited by credit/debit card, the client will be prompted to upload a card photo that includes his name, expiry date, and only the first and last six digits of his card number.

Our website contains information on the deposit methods we accept.

WITHDRAWALS

Following receipt of a withdrawal application via the Client’s portal, the Company will proceed with withdrawals of Client funds. The Company will process the Client’s withdrawal request the same day it is received, or the next working day if it is received outside of normal trading hours.

Our Back-office Department processes all withdrawal requests within one (1) working day; however, the time required for funds to be transferred depends on the payment method used.

Bank transfers are typically processed within one (1) working day; however, the funds are credited to your account within 3-5 working days.

We process credit/debit card withdrawals within one (1) working day, but it may take up to ten (10) working days for the funds to be credited to your account.

We usually process all other payment methods within one (1) working day.

The Client agrees that any withdrawal of funds will be completed using the same transfer method as the one from which the funds were originally received by the Company, less any applicable transfer fees or charges.

For example, a Client has made a deposit using 2 different payment methods:
a) Credit Card
b) Bank Wire Transfer

When a client’s withdrawal request is processed, the funds are first refunded to his credit card, and finally to his bank account in accordance with the amounts deposited by each method.

The Company reserves the right to decline a withdrawal request from a Client requesting a specific transfer method and to suggest an alternative.

Any other anonymous accounts or third parties will not have their withdrawals or refunds processed by the company. The Company shall handle withdrawals and returns to the original deposit source. If the Company is not satisfied with the documents given, it has the right to refuse the withdrawal request and restore the money to the Client’s trading account. The Company has the right to seek any extra information connected to the desired payment method throughout the withdrawal process.

The client is aware of this possibility and agrees that it may cause a delay in handling the request. Please be aware that the total of your original deposit cannot be exceeded by withdrawal requests from credit or debit cards. The client has the right to withdraw money
from their trading account that are not used for margin covering, free of any obligations, without closing the account in question, subject to any applicable operating restrictions and any other rights or limitations on such withdrawal.

Requests for client withdrawals must be processed in the same currency that the deposit was made in.

If a withdrawal or deposit request does not meet the requirements outlined in the Terms and Conditions, the Company maintains the right to reject it or to delay processing if the company is dissatisfied with the completeness of the supporting paperwork.

On our website, you can find information about the payment options we offer.

OUR LOCATION(S)

Kanak Capital Markets LLC
Bonovo Road, Fomboni, Island of Mohéli, Comoros Union

Kanak Capital Markets LLC
Representative Office
Office 574, Al Abbas Building 2, Al Mankhool, Dubai, United Arab Emirates
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RISK DISCLOSURE

Risk statement: An investment in financial instruments may mean investors may lose an amount even greater than their original investment. You should undertake such transactions only if you understand the nature of the financial markets and products offered, and the extent of your exposure to risk. Trading in these instruments may not be suitable for all investors. Before deciding to trade, you should carefully consider your investment objectives, level of experience, exposure to risk and other relevant circumstance. Further, any investors wishing to invest in any of the products mentioned in (website) should seek professional advice as appropriate to their investment needs.

Trading of securities, forex, stock market, commodities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Trading in the financial markets has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. Don’t invest and trade with money which you can’t afford to lose. Forex Trading are not allowed in some countries, before investing your money, make sure whether your country is allowing this or not.

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any Spot currency, CFD’s or spot metals trade. Nothing outlined in this website should be read or construed as constituting advice on the part of Kanak Capital Markets LLC or any of its affiliates, directors, officers or employees.

Restricted Regions: Kanak Markets LLC does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan. The services of Kanak Capital Markets are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

*ADVISORY WARNING

kanakmarkets.com provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and kanakmarkets.com specifically advises clients & prospects to carefully review all claims & representations made by advisors, introducing brokers, bloggers, money managers & system vendors (EA’s) before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary & does not constitute investment or trading advice. kanakmarkets.com expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Kanak Capital Markets llc is authorized and regulated by the Mwali International Services Authority from Comoros Union as an International Brokerage and Clearing House with reference number T2022152. Kanak Capital Markets LLC is incorporated and registered under the Laws of Comoros with registration number HY01122186..

Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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