Withdrawal & Bonus Policy
The below instructions apply to all PWRTrade.co’s Clients. In the event of withdrawal request, the funds will be transferred according to the original method used to fund your trading account. In order to submit a request, go to the Withdrawal tab in “My account”, fill in the amount requested (Ex. 50 ) and hit the button Submit”.
In order to check up the status of your withdrawal, go to My account tab and “Banking history section”.
The minimum amount for a credit card withdrawal is 50 account units, unless you have less than this amount in your account balance and it is your last withdrawal. The minimum wire withdrawal amount is 100 account units.
When funding your account with a credit card, please, bear in mind that all withdrawals up to the amount invested with this card will be withdrawn to the same card.
We do not allow traders to invest with a credit / debit card that is not on their name. All cards used to make deposits must be in the account holder’s name. If you fund your account with multiple credit cards, then we ask that you send us copies of all of these cards.
We are unable to refund your credit card with more than the initial deposit amount. If you have profits in your account that you wish to withdraw we are required to send these funds by wire transfer.
Please, bear in mind, if your local currency is not supported on PWRTrade and you deposit in another currency, you will be responsible for the conversion fees. PWRTrade is not responsible for any fees that your bank may charge you.
Withdrawal procedure takes between 5 to 7 business days.. After the funds are debited from Client’s trading account it may, depending on the bank of the Client, it may take 10 additional business days (indicative), until the withdrawal amount is credited to the target account of the Client.
Bonus benefits and/or profits made with the bonus benefits, added to the Client’s account, can only be withdrawn after the required Trading Volume was reached as explained below:
Every currency unit received as bonus, the client is required to trade 0,2 lots (equivalent of 20.000 units in trading volume).
Total deposit: 1,000
Turnover requirements = 1 000 * 20 000 = 20,000,000
If the client requests to withdraw funds before executing the required trading volume, all the bonus and the profits derived from it, will only become eligible upon reaching the required trading volume and only after applying The Company’s Terms and Conditions.
The client is able to withdraw his deposit at any time however all the bonus will be deducted due to trading volume not being reached, together with a penalty fee of 30% x (balance – bonus) from the current balance at the moment when the withdrawal is being requested, as a direct result of one party’s breach of contract. The profits will become liquid only after the trading volume will be met.
If the client’s account balance will drop below the bonus amount or it’s equal to it and the trading volume is not being met, the client is not eligible to withdraw the remaining funds.
In case the required turnover was reached, the new amount eligible for a withdrawal will include all the bonus and profits, present in the account.”
Company may at any time without limitation amend any of the terms set out in this Agreement by posting such information on the website. PWRTrade has no influence on the length of time required for the funds to reach your personal account and bears no responsibility in case any processing delays occurs from the credit institution, the processing company or the payment service provider “