Common use of Abusive Trading Clause in Contracts

Abusive Trading. If the Company reasonably suspects that the Private Investor performed abusive trading such as, but not limited to, pip-hunting, scalping, arbitrage, manipulations or a combination of faster/slower feeds, it may, at its absolute discretion, at any time and without prior Written Notice, take one or more of the following actions: a) Terminate this Agreement immediately without prior notice to the Private Investor; b) Cancel any Open Positions; c) Temporarily or permanently bar access to the Trading Platform or suspend or prohibit any functions of the Trading Platform; d) Reject or Decline or refuse to transmit or execute any Order of the Private Investor; e) Restrict the Private Investor’s trading activity; f) In the case of fraud, reverse the funds back to real owner or according to the instructions of the law enforcement authorities of the relevant country; g) Cancel or reverse of profits gained through abusive trading or the application of artificial intelligence in the Private Investor Account; h) Take legal action for any losses suffered by the Company. The Company will use reasonable efforts to execute an Order, but it is agreed and understood that despite the Company’s reasonable efforts transmission or execution may not always be achieved at all for reasons beyond the control of the Company.

Appears in 5 contracts

Samples: Client Agreement, Terms and Conditions, Client Agreement

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Abusive Trading. If the Company reasonably suspects that the Private Investor performed abusive trading such as, but not limited to, pip-hunting, scalping, arbitrage, manipulations or a combination of faster/slower feeds, it may, at its absolute discretion, at any time and without prior Written Notice, take one or more of the following actions: a) Terminate this Agreement immediately without prior notice to the Private Investor; b) Cancel any Open Positions; c) Temporarily or permanently bar access to the Trading Platform or suspend or prohibit any functions of the Trading Platform; d) Reject or Decline or refuse to transmit or execute any Order of the Private Investor; e) Restrict the Private Investor’s trading activity; f) In the case of fraud, reverse the funds back to real owner or according to the instructions of the law enforcement authorities of the relevant country; g) Cancel or reverse of profits profits gained through abusive trading or the application of artificial artificial intelligence in the Private Investor Account; h) Take legal action for any losses suffered suffered by the Company. The Company will use reasonable efforts efforts to execute an Order, but it is agreed and understood that despite the Company’s reasonable efforts efforts transmission or execution may not always be achieved at all for reasons beyond the control of the Company.

Appears in 1 contract

Samples: Client Agreement

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