Common use of Inactive Account Clause in Contracts

Inactive Account. If you have not placed a trade, opened or closed positions or made a deposit into the Account(s) over a consecutive period of ninety (90) days or more and you are not actively paying monthly and/or quarterly commissions or fees for Market Data, you acknowledge and agree that: (a) we may (at our sole discretion but we are not obliged to) classify your account as inactive or dormant (“Inactive Account”); (b) unless prohibited by Applicable Regulations, we may charge a monthly service fee of USD 25, or currency equivalent, whilst the Account remains inactive, for maintenance, administration, and compliance management of such Inactive Account (“Inactivity Fee”); (c) the Inactivity Fee will be charged separately for each Inactive Account. However, where you have more than one (1) Account, and at least one of your Accounts is active, no Inactivity Fee will apply; (d) where the balance of any Inactive Account to which Inactivity Fee is applicable is less than the Inactivity Fee, then the Inactivity Fee for such Inactive Account will be equal to the amount of the remaining balance on such Inactive Account; (e) we reserve the right to charge the Inactivity Fee retroactively for any month in which we had the right to charge it but did not do so; (f) it is at all times your responsibility to monitor the status of your Account and we will not be obligated to inform you of the change of the status of your Account or to send you any notification prior to any charge of the Inactivity Fee; (g) any Inactive Account, holding zero (0) balance, may be (at our sole discretion but we are not obligated to) turned to dormant ("Dormant Account"); (h) for re-activation of a Dormant Account, you must contact us and inform us of your wish to reactivate the Dormant Account; and (i) we reserve the right to request that you submit all relevant information and supported documentation that we deem necesary to process your re-activation request and that we reserve the right to terminate this Agreement if you fail to submit such information and supported documentation in the provided timeframe.

Inactive Account. If you have not placed a trade, opened or closed positions or made a deposit into the Account(s) over a consecutive period of ninety (90) days or more and you are not actively paying monthly and/or quarterly commissions or fees for Market Data, you acknowledge and agree that: (a) : we may (at our sole discretion but we are not obliged to) classify your account as inactive or dormant (“Inactive Account”); (b) ; unless prohibited by Applicable Regulations, we may charge a monthly service fee of USD 25, or currency equivalent, whilst the Account remains inactive, for maintenance, administration, and compliance management of such Inactive Account (“Inactivity Fee”); (c) ; the Inactivity Fee will be charged separately for each Inactive Account. However, where you have more than one (1) Account, and at least one of your Accounts is active, no Inactivity Fee will apply; (d) ; where the balance of any Inactive Account to which Inactivity Fee is applicable is less than the Inactivity Fee, then the Inactivity Fee for such Inactive Account will be equal to the amount of the remaining balance on such Inactive Account; (e) ; we reserve the right to charge the Inactivity Fee retroactively for any month in which we had the right to charge it but did not do so; (f) ; it is at all times your responsibility to monitor the status of your Account and we will not be obligated to inform you of the change of the status of your Account or to send you any notification prior to any charge of the Inactivity Fee; (g) ; any Inactive Account, holding zero (0) balance, may be (at our sole discretion but we are not obligated to) turned to dormant ("Dormant Account"); (h) ; for re-activation of a Dormant Account, you must contact us and inform us of your wish to reactivate the Dormant Account; and (i) and we reserve the right to request that you submit all relevant information and supported documentation that we deem necesary to process your re-activation request and that we reserve the right to terminate this Agreement if you fail to submit such information and supported documentation in the provided timeframe.