RannForex can add a 5% fee to your withdrawal once it decides your activity is suspicious. Clause 1.8.4 calls it a charge for compliance procedures, and both companies' rules carry it.
Why this matters
You pay this on top of the withdrawal fee the site advertises. The broker alone decides when it applies, and nothing in the clause makes it warn you first.
Exhibit 1Every flagged clause gets its own number so you can point at this one. The number does not change, so a link to it keeps working.CriticalHow much this clause can cost you, in our reading. Critical can take your money or your profit. Warning can delay or limit it. Notice is simply worth knowing before you sign.Rarely seenHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.5%The figure this clause puts a number on, taken from the broker's own words.
Client is notified, that in case of identifying suspicious activities Rann FS Limited shall have a right to charge extra fee for compliance procedures in the amount of 5% of all withdrawals. This sum shall include refunded to the client comissions for deposit and withdrawal.
What it costsThe same clause worked out on a round number, so you can see it in money or in days. It is an example, not a quotation.A $10,000 withdrawal flagged under this clause costs you $500. The 50 USD bank transfer fee on the withdrawal page is charged separately.
Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before they trade, and cannot recover the cost of their own anti money laundering checks as a percentage of client funds. This contract charges 5% once the company identifies suspicious activity.
RannForex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.
Our readingOur own comment on the clause, not the broker's words. Anything we quote is marked as a quotation.Brokers commonly refuse or delay a payment they consider suspicious. Charging the client a percentage of their own money for the cost of investigating them is a mechanism we rarely see in a retail contract.
- Worse together with Exhibit 2Read these two clauses together. Each one costs more because the other exists.One clause decides who counts as suspicious and the other sets the price of being counted.