CASH TRANSACTION MANAGEMENT / Deposit and Withdraw Funds
DEPOSIT AND WITHDRAW OF FUNDS
Cash deposits and withdrawal are directly made by the client with the Broker.
The brokers client funds are safely kept in segregated accounts with Tier 1 Banks.
The operation of trading orders will take into account the equity existing in the account when opening new positions. If the withdrawal or deposit takes place while your account has open positions, the trading systems will not take into account new carryover equity until all the trades that were previously open (when the said movement took place) have been closed.
We recommend that you notify Chelton Wealth with sufficiently advance notice before you withdraw any funds to avoid imbalances in the guaranteed margins on your account, as the software may have open positions on your account.
Minimum initial funding level for participating in Chelton Wealth Managed Trading Accounts is of USD $25,000 or equivalent.
You can deposit funds in all major currencies. You can wire funds directly from your bank account to the Broker by a bank transfer to a designated bank account.
Wire transfers can be made in the following currencies: USD, EUR, GBP, CHF, CAD, JPY & AUD
Neither Chelton Wealth nor the Broker charge any wire transaction fees.
Please take note that the depository bank usually charges a transaction fee. Generally, you have the option of this fee being deducted directly from the amount transferred or charged to you separately.
We advise you to call your bank for transaction fee information as rates vary from one bank to another.
Transaction time depends on the processing time taken by the remitting and depository banks. Normal transfers typically take 2-3 days, while express transfers will hit the account in 1-2 days. Under normal circumstances, The broker processes all transactions as soon as they are received.
Please ensure that the name on the bank account that you are transferring the funds from is an exact match to the name of your Broker trading account. We remind you that the Broker does not accept third party wires.
The assets being invested will remain available on demand. The client has access to its capital whenever they wish.
In no event will Chelton Wealth restrict the withdrawal of funds that the client would like to carry out. The account is at all times in the client’s name. If the client needs immediate access to this cash, all they have to do is send an e-mail to the Broker.
In order to withdraw funds a Broker Fund Withdrawal Request form must be completed with all requested information. Please ensure to date your request and submit it via email to the Broker. The request will be processed upon receipt. Any requests to withdraw funds to a third party will not be processed!
In order to avoid any delays please review your information carefully before submitting this form. To speed up the withdrawal process, clients are invited to register the bank account details they want to use for deposits and withdrawals with the Broker. This also reduces the risk of fraud. Neither Chelton Wealth nor the Broker is responsible for costs incurred arising from errors made by the account holder.
Risk Disclosure: Trading the financial markets on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to open a trading account, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading financial instruments, and seek advice from an independent financial advisor if you have any doubts.
Chelton Wealth will not accept any US, Australian or Canadian residents with following exceptions: US: those clients that qualify as an ECP (Eligible Contract Participant); Australia: those clients that are defined as “wholesale clients” under the Corporations Act 2001; Canada: those clients who meet the “Permitted Client” criteria.
Under no circumstances will Chelton Wealth accept any clients from the following restricted jurisdictions: Belarus, Burma (Myanmar), Côte d’Ivoire, DR of Congo, Ethiopia, Iran, Iraq, Japan, Liberia, North Korea, Sierra Leone, Sri Lanka, Sudan, Syria, Yemen and Zimbabwe.