ACCOUNT LIQUIDATION AND CLOSURE. 9.1. In the event the User,
ACCOUNT LIQUIDATION AND CLOSURE. 7.1. In the event the User, • dies or is legally declared incapacitated; • submits an application for bankruptcy, or applies for the designation of a bankruptcy receiver, or proposes or another person proposes any insolvency or similar proceedings against the user; • apply for seizure of accounts managed by WeTrade ; • insufficient margin, or regardless of the current market: any collateral deposited by WeTrade to protect one or more accounts of clients, regardless of the quotation is not sufficient to guarantee the security of the account; • fails to provide WeTrade with any information requested in accordance with these Terms; or • any other situation or situation that WeTrade considers appropriate for its protection, then WeTrade may decide to take one or more or any of the following measures: • close any open positions in the account and (2) Cancel any pending orders , or any other promises made with clients. Taking the above measures may not require a deposit or a margin call, and there is no need to issue a sale or purchase or other notice to the client’s personal representative, heir, executor, estate administrator, trustee, recipient or assignee in advance. Regardless of whether the ownership interest is wholly owned by the client or shared with others.
