- Deposit and Withdrawal Fees
Deposit and withdrawal fees will be determined by providers or bank service fees, with no additional charges from IUX. Fees may vary based on the time or the condition of the providers or banks.
Fees are normally charged for trading or investing in CFDs. Banks and providers typically offer varying rates for deposits and withdrawals. IUX does not charge anything more than the original rate because we have no fees.
- Terms and Conditions for Deposit
The deposit must be made from the account owner only. Deposits can be made using banks or any of the channels IUX has provided, as indicated on the website. The profits from trading are void if IUX verifies that the name of the person making the deposit does not match the name of the account owner.
Note: If the depositor’s name does not match, all trading profits will be void.
Furthermore, as a result of AML policy or transactions on behalf of others or unauthorized transactions from third parties, the account owner will receive the profit from the first deposit as per IUX policy. Under criminal law, a person may face punishment. IUX recommends adhering to the terms of the agreement’s rules or policies.
- Tax on deposit and withdrawal
There is no withholding tax on deposits and withdrawals with IUX. IUX is not responsible for tax processing. You can contact the Revenue Department directly to inquire about any taxes that may apply to Forex trading. In addition, you may request IUX to issue a confirmation letter so that you can put together your tax file.
- The total amount of deposit and withdrawal
- The total profits and losses of the trading account
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