This article outlines the terms and conditions governing your use of the Instant Deposit feature 

I. General Information & Scope

1. The Instant Deposit Feature: The Feature is designed to provide you with immediate buying power upon initiating a bank transfer. This service is intended to eliminate funding friction and allow you to invest right away.

2. Provision of Service: This service is offered to our valued and high-priority users as a convenience. It remains subject to proper use and the successful receipt of deposits, and may be suspended or withdrawn if misused, abused, or if deposits are not received.

3. Limitations:

• The Feature may only applies to the following types of top up requests
  • Bank Transfer
  • Instapay Transfer

• The Feature only applies to Egypt Market top ups.

• Your specific Instant Deposit Limit and eligibility criteria may vary by user and transaction, and are subject to continuous risk assessment by Thndr.

II. Eligibility

Access to the Instant Deposit Feature is not guaranteed and is subject to fulfilling specific eligibility criteria specified by Thndr, which may be adjusted at any time. 

III. Limits and Usage

1. Limit Determination: Your Instant Deposit Limit is determined by your user tier, which is assigned based on factors such as portfolio value, total lifetime deposits, and Thndr Trader status.

2. Withdrawal Restriction: You will be restricted from all withdrawals until the underlying transfer successfully settles in Thndr’s bank account.

IV. Failure to Settle & Consequences

This feature provides early access to funds. If the actual bank transfer does not successfully settle in our accounts, the following conditions will apply:

1. Transaction Reversal: If the actual transfer does not settle within 1 working day, the Instant Deposit transaction will be automatically reversed.

2. Feature Disablement: Upon reversal, your access to the Feature will be permanently disabled.

3. Forced Liquidation: Using the Instant Deposit Feature exposes you to the risk of forced liquidation if your bank transfer does not settle in time. If the reversal of the Instant Deposit transaction results in a negative cash balance in your account, Thndr will be required to liquidate (sell) the most recently purchased securities at the prevailing market price to cover the debit balance, as per Article 2.6 of the account opening contract.

• • Any excess proceeds from the sale will remain in your account.
    Any shortfall (i.e., if the stock price declines and the sale proceeds are less than the instant deposit amount)

V. Modification and Termination

Thndr reserves the right to adjust, modify, or disable the Instant Deposit Feature, including your individual limits and eligibility, at any time without prior notice.