Wed | 08 February 2012
03:38:46
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Terms of Service

These Terms of Services constitute an agreement between You (the Client) and My Capital Forex. (the Company). These Terms of Service set forth the terms and conditions under which My Capital Forex, Inc. provides its services including electronic access to the Clients account. It also defines the terms, conditions as well as Your and My Capital Forex obligations in regard to any transactions through My Capital Forex web-site.

1. General
1.1. The Client opens a managed trading account for real-time Forex trading through the Companys web-site.
1.2. The Client deposits money in electronic currency (50 USD at least) and/or Wester Union (500 USD at least) and invests it into investment plans offered by the Company, and the Company participates in Forex trading sessions on behalf and in favor of the Client.
1.3. The Company is not a broker, agent or advisor of the Client. The Company provides no consultations, advice or expert opinions in regard to Forex trade.
2. Account
2.1. The Client can create an unlimited number of investment plans, each having its pre-determined investment period.
3. Investment Terms and Conditions
3.1. The Client invests money into one or several investment plans as follows:
  • The Trial investment of $50 up to $1000 USD with the daily interest of 0.8% Not compound. You may withdraw your profit any time but not less than $1. Program working period is 80 working days. The profit is calculated on working days. Your initial investment would be returned after the end of the program.
  • The Beginner investment of100 $1000.01 up to $5,000 USD with the daily interest of 1% Not compound. You may withdraw your profit any time but not less than $30. Program working period is 100 working days. The profit is calculated on working days. Your initial investment would be returned after the end of the program.
  • The Expert investment of $5,000.01 USD or more with the daily interest of 1.2% Not compound. You may withdraw your profit any time but not less than $100. Program working period is 120 working days. The profit is calculated on working days. Your initial investment would be returned after the end of the program.
3.2. The minimum for investing into a plan is 50 USD and there is no maximum limited.
3.3. The Company can any time modify the investment plan conditions subject to the provisions of section 14 hereof.
4. Money Depositing and Investing
4.1.Depositing of money to the Clients account is executed with e-currencies Liberty Reserve and/or Wester Union in accordance with the Clients Agreement.
4.2.All deposits are to be made in USD only. Deposits made in other currencies will be rejected.
4.3.Money depositing is made through My Capital Forex account only. No direct transfers from e-currency accounts are allowed.
4.4.Once the money is transferred to an account (Current Account) the Client invests it into one or several investment plans (Deposit Account). All invested funds are traded on the next trading day the investment was made.
4.5.The Client can put any amount (at least 50 USD) to his/her Current Account but the minimum to open an investment plan is 50 USD.
5. Accrual and Payment of Interest
5.1.A trading session lasts Monday-Friday except for Forex holidays and days when the trading system is maintained. Unavailability of the companys web-site due to technical reasons, downtime, does not affect our companys activity on Forex.
5.2.The Client receives the profit made to his/her Current Account on the next trading day.
5.3.The profit made can be withdrawn or reinvested into a new investment plan.
5.4.When the investment period of the plan expires, the invested amount goes to the Current Account and can be withdrawn or reinvested.
6. Reinvesting
6.1.The Client can reinvest the profit manually by investing the profit into new investment plans. The profit under the investment plans is accrued by a simple interest rate.
6.2.Reinvesting is made by opening new investment plans with a new investment period starting or by combining of existing investment plans into one. The combining sums up two or more plans made through the same payment system allowing you to have a new investment plan with a greater profit interest. See section 5 for details.
7. Money Withdrawal
7.1.The money will be withdrawn within 24 hours once the withdrawal request is made, except for weekends and Forex holidays.
7.2.The minimum amount for withdrawal via e-currency is 1 USD for the Trial plan, 30 USD for the Beginner plan and 100 USD for the Expert plan.
7.3.The commission for e-currency transfer is paid by the Company (except for the Wester Union).
7.4.The minimum to withdraw from the accounts opened via Wester Union 500 USD.

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