Financial Spread Trades and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
1.1 TradeDirect365 (Pty) Ltd (‘TD365’) do not accept any payments made via a third-party source although cannot block such payments being made from time to time.
1.2 Any payments made via third-party sources will be returned back to source.
1.3 If a third-party payment has not been identified by TD365 and is used to support trading activities:
1.3.1 The amount credited by the third-party will be credited back to source where possible.
1.3.2 If losses have been derived on the third-party payment, the balance will be returned to source.
1.3.3 If profits have been derived on the third-party payment, the amount of the third-party payment will be returned to source and the remainder will be withdrawable to the client’s bank account subject to it being verified.
1.4 TD365 holds the right to hold any funds made via a third-party source(s), this includes any profit(s) or any monies held in trading account even if deposited via a legal source until further verification has been completed.
1.5 If you have already started using the funds (credit from a third-party source), your account may be placed into “read only” and the remaining funds may be returned to source. If the account is already using funds, then these open positions may be closed. TD365 will not take responsibility for any losses or profits, this also includes any profits that may have been gained.
What is Classified as a Third-Party Payment?
• Credits made via a Payment Service Provider (PSP), not in your name, even where permission is given by the third-party.
• Credits made via bank transfer, not in your name, even where permission is given by the third-party.
• Credits made via a corporate account (company account) to a personal trading account, even where a board resolution is supplied.
• Credits made via an Alternative Payment Method (APM) such as Skrill, not in your name, even where permission is given by the third-party.
• Credits made on your behalf from a member of family.
• Credits made via a corporate account to a corporate trading account without a board resolution document being submitted.
What is Accepted?
• Any credits from a PSP in your own name or Joint Account where “Joint Account” means “a bank account held by more than one person, each individual having the right to deposit and withdraw funds”.
• Any credits from a bank transfer in your name or Joint Account.
• Any credits from an APM in your name or Joint Account.
• Any credits made from a corporate account to a corporate trading account, however, a board resolution must be provided.
• Sole traders can credit from personal accounts.
• Any credits made via foreign exchange companies, however evidence showing money was sent from your own account must be presented.
