- Users are allocated a Moola X Wallet upon signing up for an account on First One X’s platform. Users can deposit funds into their Moola X Wallet through various payment gateways provided by First One X or through a direct deposit or transfer into First One X’s bank account.
- The funds available on the Moola X wallet can be used to invest in the property listed on the First One X platform.
- Dividends are paid into the users’ Moola X wallet.
- During promotions First One X will transfer funds due to the user directly into the users’ Moola X wallet. Funds, bonuses and referrals received from First One X, can only be used to invest in property on the First One X platform. Such funds cannot directly be withdrawn by the user.
- Users can withdraw funds from the Moola X wallet into the verified bank account. Processing of all withdrawals can take up to 48 Hours working hours to be transferred into the users’ verified bank account.
- First One X will conduct the due diligence necessary to verify the users banking details when updated on the platform before any funds can be transferred to the users’ nominated bank account.
Updated: 15 July 2021