Common use of Account Balance Clause in Contracts

Account Balance. It is the balance remaining as a result of the sum of the money deposited by the investor and the realized gains, minus the realized losses, commissions, and fees. Sell Price: It is the sell price specified in the electronic transaction platform of the Company. Buy Price: This is the buy price listed on the Company's electronic transaction platform. Base Currency: It is the first currency in the currency parity that the investor trades. Counter Currency: It is the currency listed second in the currency parity that the investor is trading. Long Position: This is the position that emerges when the base currency is purchased or a contract is entered into based on goods, precious metals, or other assets that the Company determines. Short Position: It is the position that arises when the base currency is purchased or entered into a contract based on goods, precious metals or other assets to be determined by the Company. Open Position: It is the situation that emerges when an investor makes a transaction that is not followed up by another transaction, regardless of whether the investor has a short or long position. Contract: Any agreement between the Investor and the Company to conduct a purchase and sale transaction involving foreign currency, commodities, precious metals, or other assets that the Company determines. Cross Parity Contract: It is a contract to sell a foreign currency in exchange for another foreign currency. Exchange Rate: It is the ratio between two currencies in the electronic trading platform. Maintenance Collateral Amount: It is the minimum equity amount that the Investor must provide to maintain his open position, determined at the company's own discretion. Free Margin: It is the collateral amount that the investor can use to open a new transaction. Margin: It is the amount of collateral that the investor uses to secure their open investments. Swap: It is the overnight position carrying cost that the Company will reflect on the Investor's account. Spread: It is the difference between the Investor's buy price and the selling price. Profit/Loss: It's the theoretical gain or loss resulting from the real profit or loss in US Dollars from closed positions and the valuation of open positions over the current market price. Electronic Trading Platform: It is the computer software for the leveraged trading of the Company. The company uses the MetaTrader 5 platform as its trading platform. If the electronic trading platform is changed, the Company will inform the Investor in writing. The Company may provide the Investor with the ability to place orders via the web or mobile devices. Whether or not the definitions above are utilized in this agreement, they will apply to the Investor and the Company's relationship. The Investor is presumed to have read and comprehended these definitions and trades in this manner. The investor must have signed this contract and the Risk Notification Form attached to the contract before sending orders to the Company. The Company opens the Investor's account after reviewing the contract and annexes signed by the Investor and notifying the Investor that the account has been opened. Despite signing the contract, the Company has the right to refuse to open an account with the Investor. In this case, the contract is canceled by notifying the Investor. The investor has the right to trade from the moment he opens an account. He can do transactions to the Company via the electronic transaction platform, in writing with a wet signature, or by telephone. The following are the points that the investor should pay attention to in order to ensure transmission; The investor should keep all electronic transaction platform information private and not disclose it to anybody, including Company employees. During the transmission of orders over the phone, the security questions asked by the employees of the Company must be answered correctly. The investor accepts and declares that the Company may cancel pending orders, change prices or close investor accounts in case there are differences between the price quotations to be submitted through the Electronic Trading Platform and the price quotations formed in the market due to difficulties in communication with price providers, unusual market conditions or liquidity problems related to certain assets. Due to the fact that leveraged buying and selling transactions take place in the over-the- counter market, the order may be executed at a different price from the last transaction in the market. The investor accepts that Limit and stop-loss orders may not be executed at the prices determined especially in gap formations and there will be no guaranteed stops. The investor can send orders to the trading platform within the periods determined by the Company. The Investor acknowledges that the Company may not accept orders on days when the national/international markets are on holiday and may change the order transmission hours due to daylight saving time and similar changes. The investor is obliged to make all notifications to the Company, as well as orders and instructions to be given, in a clear and unambiguous manner. The Company is not obliged to fulfill the Investor's orders, instructions, and notifications that are not clear or are unambiguous unless the said ambiguity is resolved. However, the Company is free to implement the Investor's unclear orders and instructions according to its own view and understanding. If the Company does not see any transaction, deposit, or withdrawal activity in the Investor's account within a 3-month period, it has the right to make the account passive and archive it.