Notice Regarding the $50 Reserve Required for New Users' First Withdrawal
Dear Users:
In order to further optimize the platform's fund management process and enhance service quality and security, after careful consideration, we hereby provide the following information regarding new users' first withdrawals:
I. First Withdrawal Deposit Requirements
As of the date of this notice, new users will be required to reserve $50 for their first withdrawal. This deposit is intended to ensure trading stability, prevent risks such as transaction disputes and chargebacks, maintain platform trading order, and protect the legitimate rights and interests of all users.
II. Management and Usage of Deposited Funds
Fund Nature: The $50 reserved funds will be considered part of your account assets and will only be monitored and handled by the platform in specific circumstances and in accordance with relevant regulations. They will not be used for other purposes.
Special Use: If special circumstances arise during your trading, such as a transaction dispute requiring fund mediation or a refund request due to other reasons specified in the platform's rules, the platform will utilize these reserved funds based on the actual circumstances. However, under normal trading conditions, these reserved funds will remain in your account and will not affect your subsequent trading or fund operations.
Return of Deposited Funds: If you complete a certain number of successful trades (the specific number will be specified in the platform's detailed rules) and do not require the reserved funds during trading, the platform will return the full amount of the $50 USD reserved funds to your available cash balance within one business day after the conditions are met. You will then be free to withdraw or use these funds in other ways.
3. Impact on Users and Recommendations
Impact on Financial Planning: This regulation may impact your financial planning for your first withdrawal. Therefore, before planning your first withdrawal, please plan your finances in advance to ensure that after reserving 5,000 yen, you will still have enough remaining funds to meet your actual needs.
Ensuring Transaction Security: We understand that this measure may cause some inconvenience, but please understand that it is a necessary measure taken by the platform to create a safer, more stable, and fair trading environment. Setting up a reserve fund can effectively reduce trading risks, safeguard your funds, and prevent unnecessary losses from various potential risks. If a new user fails to reserve $50 as required and withdraw the full amount during their first withdrawal, the system will automatically identify the account as a high-risk account suspected of fraudulent transactions, and the financial system will restrict the account's automatic transfer function.
4. Lifting Restrictions
If your account's automatic transfer function has been restricted, you can follow the steps below to lift the restriction and re-enable it: Use the bank card registered with our platform to transfer an amount equivalent to 30% of the total frozen funds to an account generated by our financial system. For example, if your account has a frozen balance of $1,000, you would need to transfer $300. Once the transfer is completed and confirmed by our system, your funds and the transfer amount will be fully refunded to your original account within 10 minutes. Please note that during the entire lifting process, regardless of the account name, our platform will not charge any additional fees other than the transfer amount. Please feel free to follow the above steps.
[Announcement Date] April 8, 2024