MARGIN REQUIREMENTS; OPEN POSITIONS; ACCEPTANCE AND EXECUTION OF ORDERS Sample Clauses

MARGIN REQUIREMENTS; OPEN POSITIONS; ACCEPTANCE AND EXECUTION OF ORDERS. Trader shall deposit and maintain with IMMFX margin in such amounts and in such forms as IMMFX, in its sole and absolute discretion, may from time to time require. Such margin requirements may be greater or lesser than the amount of margin required by any counter party utilized by IMMFX to hedge any particular Spot FOREX and CFDs Transaction. IMMFX may change the applicable margin requirements at any time and for any reason. Trader agrees to deposit by wire transfer or online payment processors such additional margin when and as required by IMMFX , and will promptly meet all margin calls made against the Account in such mode of transmission as IMMFX shall in its sole and absolute discretion designate, provided, however, that notwithstanding the tendency of any such demand for additional margin, IMMFX may at any time proceed to liquidate Trader’s Account in accordance with the terms of Section 6, and any failure by IMMFX in a particular case to enforce its rights there under, shall not be deemed a waiver by IMMFX of such rights thereafter. No previous margin requirement as maintained by IMMFX shall preclude IMMFX from increasing that requirement without prior notice. IMMFX expressly retains the absolute right to limit the number of open positions that Trader may acquire or maintain in the Account, and otherwise to refuse or reject, in its sole and absolute discretion, any orders for Spot FOREX and CFDs Transactions that Trader may attempt to place in the Account. IMMFX shall attempt in good faith to efficiently execute all Spot FOREX and CFDs Transactions orders of Trader which IMMFX, in its sole and absolute discretion, chooses to accept, in accordance with the oral or written instructions of Trader or the Designated Trading Agent, as applicable. Trader hereby expressly acknowledges that prices for FOREX and CFDs contracts in the spot market (as purchased or sold, or subject to purchase or sale, in such spot market, “Spot FOREX and CFDs Contracts”) may vary substantially from participant to participant, and from minute to minute, and that it may consequently prove impossible to execute market orders at even an approximation of prices quoted by certain market participants at the time that an order for a Spot FOREX and CFDs Transaction is executed for the Account.
Sample 1
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