This Agreement describes the terms, conditions and risks
applicable to customer use of our services available under the domain and
sub-domains of www.mib700.com (the "Site" or "Web site")
This site is owned and operated by Blue Seal Limited (Vanuatu House, 133 Santina Parade, Elluk, Port Vila). IT & Financial administration services are provided by Blonde Bear OU, Laeva tn2, Tallinn City, Harju County,10111.
If you have any questions regarding this Agreement please
contact [email protected]
You must read, agree with and accept all of the terms and
conditions contained in this User Agreement without modifications, which
include those terms and conditions expressly set forth below and those
incorporated by reference, before you may become a customer of . By continuing
to access or use the Web site and/or the company's trading system, you agree to
follow the Terms and Conditions of this Agreement as they may apply to you.
This Agreement is effective upon acceptance in registration
for newly registering customers, or upon receipt of e-mail notification by
other users. The Agreement is otherwise effective for all users as of January
If you do not agree to be bound by the terms and conditions
of this Agreement, do not use or access our services, and inform us in writing
Subject to the terms and conditions of this Agreement and
acceptance of Customer's application to open an Account with MIB700, MIB700
will maintain one or more Accounts in Customer's name and will effect cash
settled transactions with and for Customer in the international
Over-the-Counter Foreign Currency (foreign exchange) markets on a spot basis,
and provide such other services and products as MIB700 may, in its sole
discretion, determine from time to time in the future. Unless expressly stated
otherwise in writing, all Contracts and other transactions entered into between
MIB700. and Customer shall be governed by the terms of this Customer
Agreement, as amended from time to time (including, without limitation, MIB700's Trading Policies and Procedures).
As of the date hereof, the date of each Contract and other
transaction in Customer's Account and any date on which MIB700's Risk
Disclosure Statement or Trading Policies and Procedures are revised, updated or
amended, Customer represents and warrants to MIB700 and agrees for the
benefit of MIB700 that:
If Customer is a natural person, Customer is of sound mind,
legal age (18 years old) and legal competence.
Execution and delivery by Customer of this Agreement and all
Contracts and other transactions contemplated hereunder, and performance of all
of Customer's obligations contemplated under this Agreement and any Contract
and other transaction contemplated hereunder, will not violate any statute,
rule, regulation, ordinance, charter, by-law or policy applicable to Customer.
Customer has read and understands the provisions contained
in this Agreement, including, without limitation, MIB700's Risk Disclosure
Statement and Trading Policies and Procedures, Customer will review the
Agreement each time it is amended. Customer will not affect any Opening
Transaction in Customer's Account unless Customer understands MIB700's
revised Agreement, and Customer agrees that in effecting any Opening
Transaction it is deemed to represent that it has read and understands MIB700's revised Agreement as in effect at the time of such Opening Transaction.
All information provided by Customer to MIB700, including
information regarding Customer's trading experience and investment
sophistication, is true, correct and complete, and Customer will notify MIB700 promptly of any changes in such information.
The customer acknowledges that he received no such
guarantees from MIB700 or from any of its representative or any introducing
agent or other entity with whom the customer is conducting his MIB700 account
and has not entered into this agreement in consideration of or in reliance upon
any such guarantees or similar representation.
Customer agrees to be conclusively responsible for any
instruction received electronically that is identified with Customer's password
and Account number and for any electronic, oral and written instruction
(including, but limited to, any Order) to MIB700 from persons MIB700 , in
its sole judgment, believes are apparently authorized by Customer.
MIB700 will make available, by posting on the MIB700
Online Trading Platform or by telephoning the MIB700 Dealing Desk, Bid Prices
and Ask Prices at which MIB700 is prepared to enter Foreign Currency
Contracts or Cross Currency Contracts with Customer. When requesting a market
quotation, it may differ from the current price quoted by other sources,
depending on the market condition. MIB700 expects that these prices will be
reasonably related to the bid prices and ask prices available in the market at
that time for similar transactions, but a number of factors, such as
communication system delays, high volume or volatility can result in deviations
between prices quoted by MIB700 and other sources. MIB700 makes no
warranty, express or implied, that Bid Prices and Ask Prices represent
prevailing bid prices and ask prices.
MIB700 will attempt to execute all Orders that it may, in
its sole discretion, accept from Customer in accordance with Customer's
instructions received through the MIB700 Trading Platform or via telephone to
the MIB700 Dealing Desk. Any transaction entered into and made with MIB700
shall be concluded with MIB700 as a market maker. MIB700 will attempt, on a
best efforts basis, to execute trades on or close to the prevailing market
prices. This may or may not adversely affect customer realized and unrealized
gains and losses. All Contracts made and entered into by MIB700 hereunder
will be entered into by MIB700 as principal. Customer acknowledges,
understands and agrees that MIB700 is not acting as a broker, intermediary,
agent, and advisor or in any fiduciary capacity. Notwithstanding the provisions
of this Paragraph, Customer acknowledges, understands and agrees that MIB700
reserves the right to refuse to accept any order, and that all orders - if
accepted, are accepted by MIB700 and undertaken on an "best-efforts
basis" in accordance with the relevant provisions of the Trading Policies
and Procedures, as amended from time to time. MIB700 may cancel any erroneous
transaction resulting from mistaken (non-market) quotation revealed by MIB700
Any disputes arising out of such quoting errors shall be settled by
Customer understands that while the Internet and the World
Wide Web are generally reliable, technical problems or other conditions may
delay or prevent customer from accessing the Web site. MIB700 shall not be
liable, and customer agree not to hold or seek to hold MIB700 or any of its
agents or service providers liable, for any technical problems, system failures
and malfunctions, communication line failures, equipment or software failures
or malfunctions, system access issues, system capacity issues, high Internet
traffic demand, security breaches and unauthorized access, and other similar
computer problems and defects.
MIB700 does not represent, warrant or guarantee that
customer will be able to access or use the Web site and/or the Trading Platform
at times or locations of customer choosing, or that MIB700 will have adequate
capacity for the Web site and/or the Trading Platform as a whole or in any
MIB700 does not represent, warrant or guarantee that the
Web site and/or trading platform will provide uninterrupted and error-free
service. MIB700 does not make any warranties or guarantees with respect to
the Web site and its content and/or the Trading Platform, including but not
limited to, warranties for merchantability or fitness for a particular purpose.
Without limiting the foregoing, MIB700 will not be responsible for an
impossibility to execute orders and requirements due to failures in the
operation of informational systems caused by technical faults, which are beyond
MIB700 shall not be liable to Customer for any claims,
losses, damages, costs or expenses, including attorneys' fees, caused, directly
or indirectly, by any events, actions or omissions, including, without limitation,
claims, losses, damages, costs or expenses, including attorneys' fees,
resulting from civil unrest, war, insurrection, international intervention,
governmental action (including, without limitation, exchange controls,
forfeitures, nationalizations, devaluations), natural disasters, acts of God,
market conditions, inability to communicate with any relevant person or any
delay, disruption, failure or malfunction of any transmission or communication
system or computer facility belonging to MIB700 , Customer, any market, or
any settlement or clearing system.
MIB700 reserves the right to limit the number of Open
Positions that Customer may enter or maintain in Customer's Account. MIB700
reserves the right, in its sole discretion, to refuse to accept any Order
opening a new position or increasing an Open Position.
Customer acknowledges and agrees that any and all conversations between Customer and MIB700 principals, agents, employees or
associates, including the MIB700 Dealing Desk and customer service and
operations desks may, at the option and in the sole discretion of MIB700 , be
recorded electronically with or without the use of an automatic tone warning
device. Customer further agrees to the use of such recordings and transcripts
thereof as evidence by either party in connection with any dispute or preceding
that may arise involving Customer or MIB700.
For the service provided through MAM trading service an 25%
of the profit is deducted as compensation for the service. Funds that are
deposited in the MAM trading accounts and are using the Algorithms of MIB700
are not be withdrawn within the first 6 months of deposit. when a withdrawal
request is processed, the 25% will immediately be deducted from the achieved
profits after which the remaining transferable amount (which equals the full account
value. ) will be paid.
General Bonus Policy - In the interest of fair trading,
traders must buy or sell at least 3 lots in real-money mode for
each unit of $10 bonus granted by MIB700 before submitting any withdrawal
requests. Each mini lot accounts for 100,000 currency units you choose to buy or
For Example: If you receive a bonus of $25 your trading
requirement is 8 lots which equals 800,000 currency units. Keep in mind
that the number of currency units you're buying or selling per trade is
determined by the amount of your trade X the leverage. So for example if you're
making a trade for the amount of $25 with a leverage of 300, 25x300 = 7,500 so
you're buying or selling 0.75 lot.
By accepting any bonus from MIB700 you deem to accept all
of the terms & conditions of Bonus Policy above.
In the case that a deposit bonus has been provided that
exceed the 25% of the initial deposit, on request of withdrawal in case that
the lots required for withdrawing the bonus allotted funds not completed the
bonus and profit will be deducted from the withdrawal requested amount.
All promotions, bonuses or special promotions that we offer
or will offer in the future are subject to specific promotional terms and
conditions. All complimentary bonus money credited to your account must be
strictly used under the specific promotion's terms and conditions. At all
times, we reserve the right to retract and/or cancel any such promotion, bonus
or special offer. If we suspect that a user has abused or attempted to abuse a
bonus and/or other promotion or otherwise acted with a lack of good faith
towards us, then we reserve the right, at our sole discretion, to deny,
withhold or withdrawal from that user the bonus or promotion and if necessary
to cancel any terms & conditions with respect to that user, either
temporarily or permanently, or terminate that user's access to the service
and/or block that user's account.
Any eligibility for a bonus will grant the bonus to be
credited only once per account, person, household and/or any environment where
computers are shared.
Currently MIB700 offers this special promotion in 2
different groups depending on the deposited amounts and the amount of protected
( risk free) trades alloted to the client.For the client to recieve 1 month, the client has to stand all of the bellow mentioned conditions, failure to meet these conditions renders this promotion void.
The client is now permitted to leverage his account up to 10
times and minimum 5 times from his equity, at any given time.
The client is now permitted to risk up to the 5% from his
totaled equity at any given trade.
The client is required to fulfill all 1 month risk free
At the conclusion of all the allotted risk free trades the
company will fully the trades that resulted in a loss for the client.
For every protected trade the company will charge a
protected fee which equals the initials of the spreads of the instruments
The client is now permitted to leverage his account up to 10
times and minimum 5 times from his equity , at any given time
The client is now permitted to risk up to 5% from his
totaled equity at any given trade
The client is required to fulfill all 2 months risk free
For every protected trade the company will charge a
protected fee which equals the initials of the spreads of the instruments
All initial and subsequent deposits for margin purposes
shall be made in such amounts and in such forms as MIB700 , in its sole discretion,
may from time to time require. Customer agrees to deposit by immediate wire
transfer such additional margin to the settlement account of MIB700 when and
as required by MIB700.
In an effort to create a safe and secure trading
environment, MIB700 adheres to compliance of strict anti-fraud and money
laundering policies. As part of the compliance process, every live money client
must submit the following documentation to MIB700, for identification
The identification document must contain a clear photo ,
the applicant's full name  and an identification number . An acceptable
form of identification can be one of the following documents:
The Proof of residence document must contain the applicant's
full name and a full residential address  .The document must be Current and
valid and issued in the recent 3 months. An acceptable form of Proof of
residence can be one of the following documents:
Paysafe transactions are processed by Blue Seal Ltd.
For transactions made by Wire Transfer – Copy of swift
For transaction made by credit or debit cards – Copy of
front and back sides of card In the front of the card you should have:
* Copies must be clear and provide full ID (make sure no
corners are cut off)
** Utility bill must be no older than 6 months
Send the documents listed above to [email protected]
Compliance policies are extremely important to the integrity
and security of our MIB700 and our clients. We therefore recommend that you
send your documents upon completing your initial deposit. This will also allow
you to freely withdraw funds from your account at any time and without delay.
MIB700 is proud to offer its trader a secure and safe
trading environment. If you need further assistance, please contact us at
Withdrawal requests will only be processed after all proper
documentation has been received by MIB700. It is recommended that these forms
are sent immediately upon registration, in order to expedite future withdrawal
requests, as well as to ensure a secure and legitimate trading environment.
Please note that MIB700 might require additional forms and
documentation that may be needed to complete the application process.
When customer's transfer funds from their accounts with MIB700 to their bank account, customer must complete notice of withdrawal
specifying the amount which the customer wishes to withdrawal and bank details
for delivery of such funds. Although it is permitted to withdrawal any amount
from the account, margin requirements for open position must be met to maintain
the account active.
Customer acknowledges and agrees that MIB700 charging a
commission for each bank transfer to cover the transfer costs.
Any kind of transfers to any third parties is prohibited,
except when transfer made to the account from which MIB700 received the
initial deposit. Other transfers shall be in the name of the holder of the
During the Registration process customer will be provided a
user name and password that will be used by customer every time customer access
the Web site and/or the Trading Platform to use the service. For protection and
that of other Web site users, customer should not share his Registration
information (including password and username) with another person or business
entity for any purpose including, but not limited to, facilitating access and
unauthorized use of the Service. Customer alone is responsible for all acts or
omissions that occur within the Web site and/or Trading Platform through the
use of his Registration information.
MIB700 may charge for incidental banking-related fees such
as wire charges for deposits/withdrawals. MIB700 reserves the right to change
its fee structure at any time without notice. Fees do not currently but may in
the future include such things as statement charges, order cancellation
charges, account transfer charges, telephone order charges or fees imposed by
any interbank agency, bank, contract, market or other regulatory organization
arising out of MIB700 provision of services hereunder.
Reports of the confirmation of orders and statement of
accounts for the customer shall be deemed correct and shall be conclusive and
binding upon the customer if not objected to immediately upon receipt and
confirmed in writing within one working day after transmittal to the customer
by mail, such a confirmation shall be evidence of a completed transaction.
Customer failure to receive a trade confirmation for any reason, including
failure of transmission or communication facilities, shall not relieve the
customer of the obligation to object as set out herein, and the records of MIB700 relating to this transaction shall be conclusive evidence of the terms of
this transaction. All transaction made online through the Trading Platform
shall be confirmed online upon execution while all transactions made by
telephone shall be confirmed verbally on execution, as well as online on the
trade terminal screen and by e-mail statements by 24:00 CET on the date of
Daily statement shall be posted online and may be
transmitted to the customer by e-mail to the address specified by the customer
during MIB700 Trading Platform installation or to such address as customer
may from time to time designate in a written or electronic communication to MIB700. Customer is responsible for alerting MIB700 to any change in its
e-mail address. reports of the confirmation of orders and statement of account
for customer posted online by MIB700 shall be deemed correct and shall be
conclusive and binding upon the customer within 3 (three) working days after
their transmittal to the customer by e-mail or by post. Objections of the
customer to any of the information contained in the confirmation, account
statement or other information relating to the customer's accounts shall be
made in writing or in the electronic format and shall contain sufficient information
for identifying the problem or error.
Trades executed online will be confirmed online at the time
of the trade and trades entered into by telephone will be confirmed verbally
and online on the day of execution. Reports of the confirmation of orders and
statements of Accounts for Customer shall be deemed correct and shall be
conclusive and binding upon Customer orders confirmed via the MIB700 Online
Trading Platform. Customer may object to confirmations and statements by telephone
within the time frames identified above, but any such objection must be
confirmed by e-mail to MIB700 or in writing within three (3) Business Days
thereafter to MIB700, which confirmation shall be deemed received only if
actually delivered. Failure to object shall be deemed ratification by Customer
of all actions taken by MIB700 or MIB700's agents prior to Customer's
receipt of such reports. Customer's failure to receive a trade confirmation
shall not relieve Customer of the obligation to object as set out herein.
Customer agrees to immediately call to MIB700's attention any oral
information that Customer has reason to believe is inconsistent with Customer's
own information. Customer understands, acknowledges and agrees that errors,
whether resulting in a profit or loss to Customer, shall be corrected, and
Customer's Account will be credited or debited in such manner and extent as to
place Customer's Account in the same position in which it would have been had
the error not occurred.
Reports, statements, notices and any other communications
from MIB700 may be transmitted to Customer by:
Customer shall notify MIB700 immediately of any change in
Customer's address by e-mail or by mail or other delivery service to MIB700 .
All communications sent by MIB700 shall be deemed effective when deposited by
MIB700 in the mail or with another delivery service, or when received by a
transmitting agent (such as an Internet service provider) for transmission to
Customer, whether actually received by Customer or not. All communications sent
by Customer shall not be deemed effective until accepted by MIB700. Notice
and any other correspondence from the customer may be sent to MIB700 by post
or other delivery service to the following address: To the e-mail addresses
published on the MIB700 Website at www.MIB700.com
Customer agree that MIB700 will not be liable in any way
to customer or to any other person for any claims, losses, damage, cost, and
expenses, including attorneys fees in the event of force majeure, or for the
act of any Government or legal authority, or for the failure of or damage or
destruction to its computer systems, data or records or any part thereof, or
for delays, losses, errors or omissions resulting from the failure or
mismanagement of any telecommunications or computer equipment or software,
whether belonging to MIB700 , or to customer, or to any other settlement or
The parties shall be released of all responsibilities for
partial, full or non-fulfillment, as well as for improper fulfillment of the
obligations under this Agreement, if such non-fulfillment or improper
fulfillment was a result of extraordinary events, which occurred after this
Agreement was concluded and which the party could not either foresee or prevent
(natural calamities, wars, armed conflicts etc.).
Customer acknowledges that any market recommendation and
information communicated to customer by MIB700 do not constitute an offer to
sell or the solicitation of an offer to buy any Forex Currency Contract, such
recommendation and information, although based upon information obtained from
sources believed by MIB700 to be reliable, may be based solely on a broker's
opinion and that such information may be incomplete and may be unverified, and
MIB700 makes no representation, warranty, or guarantee as to, and shall not
be responsible for the accuracy or completeness of any information or trading
recommendation furnished to customer.
Customer acknowledges that he has no separate agreement with
Customer's broker or any MIB700 employee or agent regarding the trading in
Customer's Forex Account, including any agreement to guarantee profits in
Customer's account. Customer understands that Customer is under an obligation
to notify MIB700's Compliance Officer immediately in writing as to any
agreement of this type. Further, Customer understands that any representations
made by anyone concerning Customer's account which differ from any statements
Customer receives from MIB700 must be brought to the attention of MIB700's
Compliance Officer immediately in writing. Customer understands that Customer
must authorize every transaction prior to its execution unless Customer has
delegated discretion to another party by signing MIB700's limited trading
authorization, and any disputed transactions must be brought to the attention
of the MIB700's Compliance Officer pursuant to the notice requirements of
this Customer Agreement. Customer agrees to indemnify and hold MIB700
harmless from all damages or liability resulting from Customer's failure to
immediately notify MIB700's Compliance Officer of any of the occurrences
referred to herein. All notices required under this section shall be sent to
MIB700 at its address appearing on confirmations and account statements.
All content, trademarks, trading platform, services marks,
trade names, logos and icons are the property of MIB700 or its affiliates or
agents and are protected by copyright laws and international treaties and
Customer agrees not to delete any copyright notices or other
indications of protected intellectual property rights from materials that
customer print or download from the Web site. Customer will not obtain any
intellectual property rights in or any right or license to use such materials
or the Web site or the Trading Platform, other than as set out in this
Customer use of the trade marks, or any other content of the
Web site without the written permission of MIB700 or such third party that may
own the trademarks as well as copying, modifying, de-compile, reverse engineer
or convert the trading platform or the manner in which its operates, is
MIB700 is committed to protecting the confidentiality of
any customer's information, which it may acquire during the course of providing
its services. It is the MIB700's policy not to disclose customer's
information to non-affiliated third parties except its employees, agents,
partners and associates to the extent required for the conduct of business,
including but not limited to its banking and credit relationship.
MIB700 may only disclose information on the customer or
the customers transaction with the consent of the customer or when required by
law by legally valid request response to court orders.
Customer agrees to indemnify and hold MIB700, its
affiliates, employees, agent, successors and assigns harmless from and against
any and all liabilities, losses, damages, costs and expenses, including
attorneys' fees, incurred by MIB700. Arising out of customer's failure to
fully and timely performs customer's agreements herein or should any of the
representation and warranties fail to be true and correct. Customer also agrees
to pay promptly to MIB700 all damages, costs, and expenses, including
attorneys' fees, incurred by MIB700 in the enforcement of any of the
provision of this agreement and any other agreement between MIB700 and
MIB700 may amend or revise this Agreement at any time by
posting the amended terms on the Site and the customer agree to be bound by
future revisions. The Company will advise current registered users by e-mail of
material changes to the terms and conditions of this Web site from time to
time. Whenever such changes to the terms and conditions of this Web site are
made, the Company will post a note on the Web site or by sending an e-mail
message to the customer. All amended terms shall be automatically effective 10
days after their initial posting on the Web site, or upon sending a
notification to the customer by e-mail, or at the first time that customer use
MIB700 services after such amendments were made, whichever is sooner.
This Agreement shall continue in effect until termination by
Customer or by MIB700. Customer may terminate this Agreement if:
MIB700 reserves the right to terminate this Agreement and
your account and registration (including your username and password)
immediately without notice in the following cases:
If this Agreement is terminated for any reason due to
suspected misconduct by the user, MIB700 reserves the right to withhold any
funds in the account until the matter is resolved. Any decision made by MIB700 regarding the matter will be final.
You may terminate this Agreement and your account and
registration (including your username and password) at any time by sending an
email to [email protected] Such termination to take effect upon the Company
terminating your account and registration (including username and password),
which shall occur within 7 calendar days after receipt of your email on our servers,
provided that you shall remain responsible for any activity on your account
between sending us an email and the termination of your account by us.
Customer has no open Foreign Currency positions and no
liabilities held by or owed to MIB700 and Customer has provided three (3)
days' written notice to MIB700 by e-mail or by mail or other delivery service
to MIB700 and MIB700 has accepted the notice as provided in Section 18.a
If for any reason we decide to discontinue to provide the Service;
If we believe that you have breached any of the terms of
If your use of the Service has been in any way improper or
breaches the spirit of this Agreement; or
For any other reason we see fit.
No provision of this Agreement may be waived or amended
unless the waiver or amendment is in writing and signed by both Customer and an
authorized officer of MIB700. No waiver or amendment of this Agreement may
be implied from any course of dealing between the parties or from any failure
by MIB700 or its agents to assert its right under this Agreement on any
occasion or series of occasions. No oral agreements or instructions to the
contrary shall be recognized or enforceable. This instrument and the
attachments hereto embody the entire agreement of the parties, superseding any
and all prior written and oral agreements and there are no other terms,
conditions or obligations other than those contained herein.
This Agreement shall be continuous and shall cover, individually
and collectively, all accounts of Customer at any time opened or reopened with
MIB700 irrespective of any change or changes at any time in the personnel of
MIB700 or its successors, assigns, or affiliates. This Agreement including
all authorizations, shall inure to the benefit of MIB700 and its successors
and assigns, whether by merger, consolidation or otherwise, and shall be
binding upon customer and /or the estate, executor, trustees, administrators,
legal representative, successors, and assign of customer. Customer agrees that
the rights and obligation of customer in respect thereto shall be governed by
the terms of this agreement.
This Agreement shall be governed by the laws of the Vanuatu , without regard to conflicts of law principles thereof. This is the
case regardless of whether customer resides or transacts business with MIB700
anywhere else in the world.
This Agreement shall not be deemed to be accepted by MIB700 or become aca binding contract between Customer and MIB700 until the
signed Customer Account Application has been received and approved by MIB700
, a notice whereof shall be given to the customer.
I agree with all the regulations (articles, sections) of the
MIB700 public documents throughout the entire period of time that I use MIB700 services. I will immediately cease using the MIB700 services in case of
The client exposure can be more than 50 lots on one
instrument only if there will be a signed contract between the company and the
Please be aware that laws regarding financial contracts may
vary throughout the world, and it is your entire responsibility to ensure that
you fully comply with any law, regulation or directive, relevant to your
country of residency to the use of this website.
By using our Service, you agree to be fully, independently
and personally liable for each transaction and/or credit card transaction made
on our System through you account.
As such, you must make sure that you are the only person
with access to your account at all times.
You must make sure that no minors have access to your
account. If you do not settle a transaction performed through your account you
shall be liable to us and must indemnify us in the amount necessary to cover
the entire cost, whether indirect or direct, of the transaction.
In the unlikely event that a contract is entered to acquire
or sell currency at a price that does not reflect the market price (such as an
event where a technical error such as a bug or defect has caused a malfunction
that has affected the price of the transaction), we reserve our right to
terminate and cancel any such transaction.
We will notify you of our decision to cancel the transaction
and explain our reasons to you. On the other hand, you are required to inform
us of any such malfunction should you experience such a malfunction whilst
trading on our system.
MIB700 currently accepts deposits as low as $200. You have
the option of selecting a deposit method from the deposit page. Clients can
currently make a deposit by credit and debit cards, as well as Wire Transfers
Each trading account has a currency denomination. During
registration, clients must decide if they would like to have their accounts in
USD, EUR, or GBP. Once the account has been opened, the currency denomination
cannot be changed.
MIB700 clients may request a withdrawal of funds at any
time and for any reason. If you would like to make a withdrawal, please fill
out a withdrawal request form. In order to ensure the successful processing of
your withdrawal request, make sure that the form is complete and signed. You
will receive a confirmation email once your request has been received.
Withdrawals can only be processed in the same currency used
at the time of the client’s deposit. You must have sufficient funds in your MIB700 trading account in order for your withdrawal request to be successfully
The funds will be withdrawn from the client’s MIB700
trading account, and transferred back to source of payment used by the client
to make the initial deposit. When the withdrawal amount exceeds the amount of
deposits made by the client, any amount beyond the deposit amount will be
transferred to the client’s personal bank account by wire transfer.
MIB700 is proud to offer clients a fast withdrawal
process. Clients receive withdrawn funds within business days from time the
withdrawal request is approved. The minimum amount to withdraw is $100.
Arbitrage trading is not accepted in any type or form and
will be considered as an illegal transaction.
The company covers its trades automatically, based on a
mathematical calculation of exposure.
The company is entitle to cancel any trade, made outside of
the automatic calculation for any reason it decides, no matter the or type
The client is entitled for a full refund on his unused
funds, in case the client lost his funds, there is no refunds for these funds
and the company will not be held responsible. In order to receive the refund
the client needs to present with a full KYC documents. After having those
documents we will process the request and the company will refund the funds to
the same deposit method given by the client at first within 7 days excluding transfer
MIB700 reserves the right to impose deposit limits and
deposit fees in its system.
When a withdrawal is performed, MIB700 reserves the rights
to refund traders via one of the payment methods they used when initially
funded their trading account.
MIB700 reserves the right to impose withdrawal limits and
withdrawal fees in its system.
Withdrawals are paid through the original payment method
that You used to deposit the money, subject to Our service providers’ rules and
regulations. If We are unable to send the funds or any partial amount thereof
back to the original payment method, We reserve the right to request You for an
alternative payment method to where You would like Us to send the withdrawal.
MIB700 shall not be held responsible for any fees charged by the receiver as
it is stated herein.
The Client is solely responsible for all transactions in his
account, including any transactions for deposit or withdrawal of funds by
credit card, and is further responsible for the safeguarding of the password to
his account. The Client is solely liable for any damages incurred as a result
of an action or omission on the part of the Client which leads to improper and
incorrect activity in his account.
Cancellation/withdrawal /refund of orders by the Client - If
the Client requests cancellation of any order, the Company can only cancel such
Client order if the Company has not acted upon such order.
The Company may levy a charge on transfers of funds to be
credited to a Trading Account made by debit card or credit card. The company
will charge the card without any delay. The Company will notify the Client of
the amount of such charge before accepting instructions to draw payment.
Bonus policy: in order for the client to be able to
withdrawal his profit in the case of receiving a bonus, he will need to answer
a certain number of lots, The client will not be able to withdrawal his profit
until certain amount of lots are done, only in the case the profit is tied with
I hereby accept all the conditions stated in the present Agreement.
ANTI-MONEY LAUNDERING POLICIES
MIB700 does not tolerate money laundering and supports the fight against money launderers.
MIB700 follows the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is a full member of the Financial Action Task Force (FATF), the intergovernmental body whose purpose is to combat money laundering and terrorist financing.MIB700 follows the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is a full member of the Financial Action Task Force (FATF), the intergovernmental body whose purpose is to combat money laundering and terrorist financing.Blue Seal Limited follows the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is a full member of the Financial Action Task Force (FATF), the intergovernmental body whose purpose is to combat money laundering and terrorist financing.
MIB700 now has policies in place to deter people from laundering money. These policies include:
ensuring clients have valid proof of identification
maintaining records of identification information
determining that clients are not known or suspected terrorists by checking their names against lists of known or suspected terrorists
informing clients that the information they provide may be used to verify their identity
closely following clients’ money transactions
Not accepting cash, money orders, third party transactions, exchange houses transfers or Western Union transfers