Common use of Inactive and Dormant Client Accounts Clause in Contracts

Inactive and Dormant Client Accounts. 16.1. If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Inactive and Dormant Client Accounts. 16.1. If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx xxxxxxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 16.1. If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx XxxxxxXxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 16.1. If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging startscharging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx XxxXxXxxxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 16.1. If 1If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx xxxxx-xxxxxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 1 contract

Samples: Client Agreement

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Inactive and Dormant Client Accounts. 16.1. If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx xxxxx://xxxxxxxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 16.1. If 1If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx xxxxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 1 contract

Samples: Client Agreement

Inactive and Dormant Client Accounts. 16.1. If 1If the Client Account is inactive for three (3) months i.e. there is no trading, no open positions, no withdrawals or deposits), the Company will classify it as inactive doormat account and shall have the right to charge the Client Account a fee of as determined by the Company in its discretion from time to time in the Trading Conditions (depending in the Currency of the Client Account) in order to maintain the Client Account open and any bank or other related charges. The Company shall not need to contact the Client before it starts charging the fee. These fees will appear on the Website https:// XxxxXxxxxxx.xxx xxxxxxxxxx.xxx /. 16.2. If the Client Account is inactive for one year or more, the Company reserves the right (after calling or emailing the Client using the last known contact details) to close the account.

Appears in 1 contract

Samples: Client Agreement

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