Common use of Inactive and Dormant Client Accounts Clause in Contracts

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (2) months or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 months 0 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over 6 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that day 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 5 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (2) months or more, the Company reserves the right, right to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 1 to 2 months 0 2 to 3 months 80 EUR or the equivalent amount in the client's ’s currency as per the exchange rate that day 3 day. 6 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over 6 12 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that day. Over 12 months If there is no client-initiated activity for 12 months, then the account is classified as dormant. Dormancy fees shall be 500 EUR or the equivalent amount per month. Should the client wish to re-activate his account, he/she must contact the Company directly and pay a fee in the amount of 1,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (2) months or more, the Company reserves the right, right to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 1 month 0 1 to 2 months 0 2 to 3 months 80 EUR or the equivalent amount in the client's ’s currency as per the exchange rate that day 3 day. 2 to 6 months 120 EUR or the equivalent amount in the client's ’s currency as per the exchange rate that day Over day. 6 to 12 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that day. Over 12 months If there is no client-initiated activity for 12 months, then the account is classified as dormant. Dormancy fees shall be 500 EUR or the equivalent amount per month. Should the client wish to re-activate his account, he/she must contact the Company directly and pay a fee in the amount of 1,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two one (21) months month or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 1 months 0 1 to 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 followed by the below fee 2 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over followed by the below fee 6 to 12 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that dayday Over 12 months If there is no client-initiated activity for 12 months then the account is classified as dormant. Dormancy fees shall be 500 EUR or the equivalent amount per month. Should the client wish to re-activate his account, he/she must contact the Company directly and pay a fee of the amount of 1,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the The Company reserves the right to close the Trading Account that is rendered as dormant and render it dormanthas zero equity. 25.1. Money in The Company may upgrade the dormant account shall remain owing Client Account, convert Trading Account type, upgrade or replace the Platform or enhance the services offered to the Client if it reasonably considers this is to the Clients advantage and there is no increased cost to the Client. 25.2. The Company may also change any terms of the Agreement for any of the following reasons: a. Where the Company shall reasonably considers that: i. the change would make and retain records and return such funds upon request the terms of the Agreement easier to understand; or ii. the change would not be to the disadvantage of the Client; b. To cover: i. the involvement of any service or facility the Company offers to the Client; or ii. the introduction of a new service or facility; or iii. the replacement of an existing service or facility with a new one; or iv. the withdrawal of a service or facility which has become obsolete, or has ceased to be widely used, or has not been used by the Client at any time thereafter.in the previous year, or it has become very expensive for the Company to offer; 24.3. In c. To enable the event Company to make reasonable changes to the services offered to the Client as a result of inactivity changes in: i.e. the banking, investment or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.financial system; or

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (2) months or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 months 0 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over 6 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that day 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (2) months or more, the Company reserves the right, right to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 1 month 0 1 to 2 months 0 2 to 3 months 80 EUR or the equivalent amount in the client's ’s currency as per the exchange rate that day 3 day. 2 to 6 months 120 EUR or the equivalent amount in the client's ’s currency as per the exchange rate that day Over day. 6 to 12 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that day 24.2. Over 12 months If there is no client−initiated activity for 12 months, then the Trading Account account is inactive for four (4) years classified as dormant. Dormancy fees shall be 500 EUR or morethe equivalent amount per month. Should the client wish to re− activate his account, and after notifying the Client in its last known he/she must contact details, the Company reserves the right to close the Trading Account directly and render it dormant. Money pay a fee in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafteramount of 1,000 EUR. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 2 contracts

Samples: Client Agreement, Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two one (21) months month or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 1 months 0 1 to 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 followed by the below fee 2 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over followed by the below fee 6 to 12 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that dayday Over 12 months If there is no client-initiated activity for 12 months then the account is classified as dormant. Dormancy fees shall be 500 EUR or the equivalent amount per month. Should the client wish to re-activate his account, he/she must contact the Company directly and pay a fee of the amount of 1,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the The Company reserves the right to close the Trading Account that is rendered as dormant and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafterhas zero equity. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (2) months or more, the Company reserves the right, right to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 1 month 0 1 to 2 months 0 2 to 3 months 80 EUR or the equivalent amount in the client's ’s currency as per the exchange rate that day 3 day. 2 to 6 months 120 EUR or the equivalent amount in the client's ’s currency as per the exchange rate that day Over day. 6 to 12 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that day. Over 12 months If there is no client-initiated activity for 12 months, then the account is classified as dormant. Dormancy fees shall be 500 EUR or the equivalent amount per month. Should the client wish to re- activate his account, he/she must contact the Company directly and pay a fee in the amount of 1,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 1 contract

Samples: Client Agreement

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Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (21) months or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 1 months 0 1 to 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 followed by the below fee 2 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over followed by the below fee 6 to 12 months 200 500 EUR or the equivalent amount in the client's currency as per the exchange rate that dayday Over 12 months If there is no client- initiated activity for 12 months, then the account is classified as dormant. Dormancy fees shall be 1,000 EUR or the equivalent amount per month. Should the client wish to re-activate his account, he/she must contact the Company directly and pay a fee of the amount of 2,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (21) months or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 1 months 0 1 to 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 followed by the below fee 2 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over followed by the below fee 6 to 12 months 200 500 EUR or the equivalent amount in the client's currency as per the exchange rate that dayday Over 12 months If there is no client- initiated activity for 12 months, then the account is classified as dormant. Dormancy fees shall be 1,000 EUR or the equivalent amount per month. Should the client wishes to re-activate his account, he/she must contact the Company directly and pay a fee of the amount of 2,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (21) months or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 1 months 0 1 to 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 followed by the below fee 2 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over followed by the below fee 6 to 12 months 200 500 EUR or the equivalent amount in the client's currency as per the exchange rate that dayday Over 12 months If there is no client-initiated activity for 12 months then the account is classified as dormant. Dormancy fees shall be 1,000 EUR or the equivalent amount per month. Should the client wishes to re-activate his account , he/she must contact the Company directly and pay a fee of the amount of 2,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (21) months or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 1 months 0 1 to 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 followed by the below fee 2 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over followed by the below fee 6 to 12 months 200 500 EUR or the equivalent amount in the client's currency as per the exchange rate that dayday Over 12 months If there is no client-initiated activity for 12 months then the account is classified as dormant. Dormancy fees shall be 1,000 EUR or the equivalent amount per month. Should the client wish to re-activate his account , he/she must contact the Company directly and pay a fee of the amount of 2,000 EUR. 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will applywillapply.

Appears in 1 contract

Samples: Client Agreement

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