Common use of Excessive leverage Available with Leveraged OTC Rolling Spot Forex Can Lead to Quick Losses Clause in Contracts

Excessive leverage Available with Leveraged OTC Rolling Spot Forex Can Lead to Quick Losses. By signing the Risk Disclosure Statement, the Customer acknowledges and agrees that using a high degree of leverage, defined as the use of a small amount of capital to control a larger amount of an Open Position, can result in large losses due to a price change(s) of open foreign currency Contract(s). Service Provider encourages the Customer to use only that portion of leverage that the Customer is most comfortable with and to use money management precautions such as, but not limited to, Stop Loss Orders for the purpose of limiting risk. Service Provider reserves, at its sole discretion, the right to reduce or increase the amount of leverage given on any Currency Pair at any time and without notice. For limiting risk, leverage changing may depend on the client's account trade volume: Account open positions of less than 2,000,000USD (nominal value), carries a maximum leverage of 1:500 Account open positions of 2M - 3M USD (nominal value), carries a maximum leverage of 1:400 Account open positions of 3M - 4M USD (nominal value), carries a maximum leverage of 1:300 Account open positions of 4M - 5M USD (nominal value), carries a maximum leverage of 1:200 Account open positions of 5M - 10M USD (nominal value ), carries a maximum leverage of 1:100 Account open positions higher than 10M USD (nominal value ), carries a maximum leverage of 1:33 Note that XXX.XXX.XXXXX has the sole discretion to change the leverage ratio of clients’ accounts under the following conditions: (a) large market fluctuation (b) too much loss on clients’ accounts that XXX.XXX.XXXXX considers it too risky to bear (c) policy changes due to our liquidity providers or regulatory authorities. In either case, XXX.XXX.XXXXX will make announcement or email directly to the account holders that will be affected before we make changes to the leverage ratio of the corresponding accounts.

Appears in 1 contract

Samples: Client Agreement

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Excessive leverage Available with Leveraged OTC Rolling Spot Forex Can Lead to Quick Losses. By signing the Risk Disclosure Statement, the Customer acknowledges and agrees that using a high degree of leverage, defined as the use of a small amount of capital to control a larger amount of an Open Position, can result in large losses due to a price change(s) of open foreign currency Contract(s). Service Provider encourages the Customer to use only that portion of leverage that the Customer is most comfortable with and to use money management precautions such as, but not limited to, Stop Loss Orders for the purpose of limiting risk. Service Provider reserves, at its sole discretion, the right to reduce or increase the amount of leverage given on any Currency Pair at any time and without notice. For limiting risk, leverage changing may depend on the client's account trade volume: Account open positions of less than 2,000,000USD (nominal value), carries a maximum leverage of 1:500 Account open positions of 2M - 3M USD (nominal value), carries a maximum leverage of 1:400 Account open positions of 3M - 4M USD (nominal value), carries a maximum leverage of 1:300 Account open positions of 4M - 5M USD (nominal value), carries a maximum leverage of 1:200 Account open positions of 5M - 10M USD (nominal value ), carries a maximum leverage of 1:100 Account open positions higher than 10M USD (nominal value ), carries a maximum leverage of 1:33 Note that XXX.XXX.XXXXX BILLION ALLY has the sole discretion to change the leverage ratio of clients’ accounts under the following conditions: (a) large market fluctuation (b) too much loss on clients’ accounts that XXX.XXX.XXXXX BILLION ALLY considers it too risky to bear (c) policy changes due to our liquidity providers or regulatory authorities. In either case, XXX.XXX.XXXXX BILLION ALLY will make announcement or email directly to the account holders that will be affected before we make changes to the leverage ratio of the corresponding accounts.

Appears in 1 contract

Samples: Billion Ally

Excessive leverage Available with Leveraged OTC Rolling Spot Forex Can Lead to Quick Losses. By signing the Risk Disclosure Statement, the Customer acknowledges and agrees that using a high degree of leverage, defined as the use of a small amount of capital to control a larger amount of an Open Position, can result in large losses due to a price change(s) of open foreign currency Contract(s). Service Provider encourages the Customer to use only that portion of leverage that the Customer is most comfortable with and to use money management precautions such as, but not limited to, Stop Loss Orders for the purpose of limiting risk. Service Provider reserves, at its sole discretion, the right to reduce or increase the amount of leverage given on any Currency Pair at any time and without notice. For limiting risk, leverage changing may depend on the client's account trade volume: Account open positions of less than 2,000,000USD (nominal value), carries a maximum leverage of 1:500 Account open positions of 2M - 3M USD (nominal value), carries a maximum leverage of 1:400 Account open positions of 3M - 4M USD (nominal value), carries a maximum leverage of 1:300 Account open positions of 4M - 5M USD (nominal value), carries a maximum leverage of 1:200 Account open positions of 5M - 10M USD (nominal value ), carries a maximum leverage of 1:100 Account open positions higher than 10M USD (nominal value ), carries a maximum leverage of 1:33 Note that XXX.XXX.XXXXX SYSTEM ADVANCE has the sole discretion to change the leverage ratio of clients’ accounts under the following conditions: (a) large market fluctuation (b) too much loss on clients’ accounts that XXX.XXX.XXXXX SYSTEM ADVANCE considers it too risky to bear (c) policy changes due to our liquidity providers or regulatory authorities. In either case, XXX.XXX.XXXXX SYSTEM ADVANCE will make announcement or email directly to the account holders that will be affected before we make changes to the leverage ratio of the corresponding accounts.

Appears in 1 contract

Samples: System Advance

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Excessive leverage Available with Leveraged OTC Rolling Spot Forex Can Lead to Quick Losses. By signing the Risk Disclosure Statement, the Customer acknowledges and agrees that using a high degree of leverage, defined as the use of a small amount of capital to control a larger amount of an Open Position, can result in large losses due to a price change(s) of open foreign currency Contract(s). Service Provider encourages the Customer to use only that portion of leverage that the Customer is most comfortable with and to use money management precautions such as, but not limited to, Stop Loss Orders for the purpose of limiting risk. Service Provider reserves, at its sole discretion, the right to reduce or increase the amount of leverage given on any Currency Pair at any time and without notice. For limiting risk, leverage changing may depend on the client's account trade volume: Account open positions of less than 2,000,000USD (nominal value), carries a maximum leverage of 1:500 Account open positions of 2M - 3M USD (nominal value), carries a maximum leverage of 1:400 Account open positions of 3M - 4M USD (nominal value), carries a maximum leverage of 1:300 Account open positions of 4M - 5M USD (nominal value), carries a maximum leverage of 1:200 Account open positions of 5M - 10M USD (nominal value ), carries a maximum leverage of 1:100 Account open positions higher than 10M USD (nominal value ), carries a maximum leverage of 1:33 Note that XXX.XXX.XXXXX GFX has the sole discretion to change the leverage ratio of clients’ accounts under the following conditions: (a) large market fluctuation (b) too much loss on clients’ accounts that XXX.XXX.XXXXX GFX considers it too risky to bear (c) policy changes due to our liquidity providers or regulatory authorities. In either case, XXX.XXX.XXXXX GFX will make announcement or email directly to the account holders that will be affected before we make changes to the leverage ratio of the corresponding accounts.

Appears in 1 contract

Samples: Global Fx

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