Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin in such limits as per the limits of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the website. 7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions. 7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open. 7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases: a. The Company considers that there are Abnormal Trading Conditions. b. The value of Client collateral falls below the minimum margin requirement. c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position. d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it. e. The system of the Company rejects the Order due to trading limits imposed on the Client Account. f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order. 7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation: a. limit his exposure (close trades); or b. deposit more money in his Client Account. 7.6. Margin must be paid in monetary funds in the Currency of the Client Account. 7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 7 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Margin Requirements. 7.1. 7.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy These appear on the websiteWebsite.
7.2. Unless a Force Majeure Event has occurred, the 7.2 The Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) according to paragraphs 25.5 and the Company has the right to apply new Margin requirements to the new positions25.6 of this Client Agreement.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. 7.3 Without prejudice to paragraph 13.1. 13.1 of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders to establish new positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance Balance including open positions) is equal to or less than a specified percentage of the margin Maintenance Margin (collateral) needed to keep the open position.
d. The b. When the Margin Level reaches the Stop Out Level (ratio of Equity to Margin in the Client Account), the Client positions will start closing automatically at market prices starting with the most losing Order and the Company makes has the right to refuse a Margin Call (including new Orders. Stop Out level is available on the situation where Website and/or the Platform automatically notifies the Client) and Platform.
c. When the Client fails to meet ittake a measure of paragraph 7.4 below. However, it is understood that it is the Client’s responsibility to monitor, at all times, the amount deposited in the Client Account against the amount of Maintenance Margin required and it is understood that the Company has the right to take the actions of this paragraph, even if a Margin Call is not made under paragraph 7.4 below.
d. When the Client is holding a position Open on Future after the official expiry date.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. 7.4 The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options three options, within a short time, to deal with the situation:
a. limit Limit his exposure (close trades); or or
b. deposit Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
c. Deposit more money in his Client Account.
7.6. 7.5 Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. 7.6 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 5 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Margin Requirements. 7.144.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.244.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
44.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice giving to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsTwo (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.444.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
44.5. Without prejudice to paragraph 13.1. of 14.1.of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. b) The value of Client collateral falls below the minimum margin requirement.
c. c) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%e) and the Company has the right to refuse a new Order.
7.5. The Company does shall not have an obligation to make any Margin Calls Call to the Client (indulging but in the situation when event that it does, or in the event that the Platform automatically warns the Client that it reached a specific percentage 50% of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit his i. Limit exposure (close trades); or b. deposit more money in his Client Accountor
ii. Close some of the Clients Current open positions
iii. Maintain a substantial Margin Level.
7.644.6. In the event that Clients margin level drops to or below 100% the Client will not be able to open any new positions. In the event that Clients margin falls below 15% the Company has the right to close the positions. In such case the Company will send Clients an email and/or SMS notification as an early warning of the performance of the Clients open positions, however, the Company does not bear any responsibility in case the Client does not receive the said notification in a timely manner or in case the Client has opted out from receiving email and/or SMS notifications from the Company.
44.7. Margin must be paid in monetary funds in the Currency of the Client Account.
7.744.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 4 contracts
Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions
Margin Requirements. 7.144.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.244.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
44.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice giving to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsTwo (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.444.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
44.5. Without prejudice to paragraph 13.1. of 14.1.of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. b) The value of Client collateral falls below the minimum margin requirement.
c. c) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%e) and the Company has the right to refuse a new Order.
7.5. The Company does shall not have an obligation to make any Margin Calls Call to the Client (indulging but in the situation when event that it does, or in the event that the Platform automatically warns the Client that it reached a specific percentage 50% of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit his i. Limit exposure (close trades); or b. deposit more money in his Client Accountor
ii. Close some of the Clients Current open positions
iii. Maintain a substantial Margin Level.
7.644.6. In the event that Clients margin level drops to or below 100% the Client will not be able to open any new positions. In the event that Clients margin falls below 15% the Company has the right to close the positions. In such case the Company will send Clients an email and/or SMS notification as an early warning of the performance of the Clients open positions.
44.7. Margin must be paid in monetary funds in the Currency of the Client Account.
7.744.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 4 contracts
Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions
Margin Requirements. 7.144.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.244.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
44.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice giving to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsTwo (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.444.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
44.5. Without prejudice to paragraph 13.1. of 14.1.of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. b) The value of Client collateral falls below the minimum margin requirement.
c. c) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%e) and the Company has the right to refuse a new Order.
7.5. The Company does shall not have an obligation to make any Margin Calls Call to the Client (indulging but in the situation when event that it does, or in the event that the Platform automatically warns the Client that it reached a specific percentage 50% of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit his i. Limit exposure (close trades); or b. deposit more money in his Client Accountor
ii. Close some of the Clients Current open positions
iii. Maintain a substantial Margin Level.
7.644.6. Margin In the event that Clients margin level drops to or below 100% the Client will not be able to open any new positions. In the event that Clients margin falls below 15% the Company has the right to close the positions. In such case the Company will send Clients an email and/or SMS notification as an early warning of the performance of the Clients open positions, however, the Company does not bear any responsibility in case the Client does not receive the said notification in a timely manner or in case the Client has opted out from receiving email and/or SMS notifications from the Company.
44.7. Xxxxxx must be paid in monetary funds in the Currency of the Client Account.
7.744.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 3 contracts
Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions
Margin Requirements. 7.1. The To be able to place Orders in Derivatives, the Client shall provide needs to have and maintain the Initial Margin in such limits as per the limits of the ESMA Intervention measures or any other national measures. Details are included required Margin, which appears in the Leverage and Margin Policy Product Specifications on the websiteWebsite, according to Applicable Regulations.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in sending notice email and/or notification on the Website and/or Platform) Company’s trading platforms and the Company has the right to apply new Margin requirements to the new but also the existing open positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Company’s rights under this Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform Company Online Trading System automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level (also referred as Health Level) reaches 50100% (one hundred percent) (ratio of equity to Margin in the Client Account), the Company has the discretion to begin closing Client positions from the most unprofitable one. In addition, at margin level of 20% (twenty percent) the Company’s system will start closing automatically at market prices (Stop Out level prices, starting from the most unprofitable one. Unleveraged positions will be closed out automatically by the Company’s system when Marin Level/Health Level reaches 0.1% with the Client’s consent or any prior written notice. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of 50%) and the Company has Client Account shall be treated as if they were denominated in the right to refuse a new OrderCurrency of the Client Account by converting them into the Currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform Company Online Trading System automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call Call, then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.6. Margin Xxxxxx must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
7.9. It is the responsibility of the Client to ensure he/she has sufficient margin on his/her Client Account(s), at all times, in order to maintain an open position and it is the responsibility of the Client to notify the Company as soon as he/she believes that he/she will be unable to meet a margin payment.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (5) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one Business Day Written Notice. All changes shall be effected on the Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck forupdates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. (a) The value of Client collateral falls below the minimum margin requirement.
c. (b) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (c) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. 9.6. The system Company shall make Margin Calls to the Client automatically via the Platform when the Margin in his Client Account has reached a certain percentage. When the Platform warns the Client that it reached a certain percentage of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client should take any or any of the three options to deal with the situation:
(a) Limit his exposure (close trades); or
(b) Hedge his positions (open counter positions to the ones he has right now) while reevaluating the situation; or
(c) Deposit more money in his Client Account.
9.7. If the Client fails to take action according to paragraph 9.6 or when the Client reaches 15% of the Margin in the Client Account, his positions will start closing automatically at market prices (Stop Out level of 5015%) starting with the most losing Order and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.69.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to paragraph 38 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
9.10. If the Client has more one Client Account with the Company, any credit in one Client Account (including amounts deposited as Margin) will not discharge the Client liabilities in respect of any other Client Account, unless a termination tales place. It is understood that once an Order is executed, the Client’s responsibility to ensure the required level of Margin shall appear in and form part of the Balance, but because it is used as collateral exists for keeping the position open, it shall be unavailable for withdrawaleach Client Account separately.
Appears in 3 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin (as applicable) in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event Event, requirement set under the applicable laws and regulatory framework and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. (a) The Company considers that there are Abnormal Trading Conditionsconditions.
b. (b) The value of Client collateral falls below the minimum margin requirement.
c. (c) At any time, time Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. (e) The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
(f) The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. (g) When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account)) reaches to the predefined stop out level, the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.. The value of Stop Out level is determined based on applicable regulations, and the account type of the client , and will be published in account types section on the company webnsite xxxxx://xxx.xxxxxxxxx.xx/AccountTypes.php
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit (a) Limit his exposure (close trades); or b. deposit or
(b) Hedge his positions (open counter positions to the ones he has right now) while reevaluating the situation; or
(c) Deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executedplaced, until such Order is executed and the Transaction is closed, the Maintenance Margin shall distinctly appear in and form part of the Balance, but because it is used as collateral for keeping the position open, open it shall be unavailable for withdrawal.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy More information can be found on the our website.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. : • The Company considers that there are Abnormal Trading Conditions.
b. conditions. • The value of Client collateral falls below the minimum margin requirement.
c. . • At any time, time Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. . • The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. . • The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset. • The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. . • When the Margin Level reaches 5010% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 5010%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit : • Limit his exposure (close trades); or b. deposit • Hedge his positions (open counter positions to the ones he has right now) while re-evaluating the situation; or • Deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executedplaced, until such Order is executed and the Transaction is closed, the Maintenance Margin shall distinctly appear in and form part of the Balance, but because it is used as collateral for keeping the position open, open it shall be unavailable for withdrawal.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that they understand how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (10) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one (1) Business Day’s Written Notice. All changes shall be affected on the Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck for updates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. clause 13.1 of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. (a) The value of Client collateral falls below the minimum margin requirement.
c. (b) At any time, Equity equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (c) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. 9.6. The system Company may make Margin Calls to the Client automatically via the Platform when the Margin in their Client Account has reached a certain percentage. When the Platform warns the Client that it reached a certain percentage of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client should take any or all of the three options to deal with the situation:
(a) Limit their exposure (close trades); or
(b) Hedge their positions (open counter positions to the ones they have right now) while reevaluating the situation; or
(c) Deposit more money in their Client Account. The Client is required to log-in to the Platform on a daily basis when they have open positions to ensure they receive notification of any such Margin Calls. It is the Client’s sole responsibility to monitor and manage their open positions and exposures, and ensure Margin calls are met as required. Where the Client has not checked the trading platform for Margin call notifications, and so has not met them in a timely manner, all margined positions will be closed out by the Company, without further reference to the Client;
9.7. If the Client fails to take action according to clause 9.6 or when the Client reaches 15% of the Margin in the Client Account, their positions will start closing automatically at market prices (Stop Out level of 5015%) starting with the most losing Order and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.69.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to clause 18 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
9.10. It is understood that once an Order is executedIf the Client has more one Client Account with the Company, any credit in one Client Account (including amounts deposited as Margin) will not discharge the Margin shall appear Client liabilities in and form part respect of the Balanceany other Client Account, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.unless a
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. (a) The Company considers that there are Abnormal Trading Conditionsconditions.
b. (b) The value of Client collateral falls below the minimum margin requirement.
c. (c) At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. (e) The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
(f) The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. (g) When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin Margin, set at 75%, in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit (a) Limit his exposure (close trades); or b. deposit or
(b) Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
(c) Deposit more money in his Client Account.
7.6. Margin Xxxxxx must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is placed, until such Order is executed, and the Transaction is closed, the Maintenance Margin shall distinctly appear in and form part of the Balance, but because it is used as collateral for keeping the position open, open it shall be unavailable for withdrawal.
7.9. The Company ensures that losses will not exceed the total available funds per Clients’ Forex24 trading account(s) (negative balance protection). In the event that a negative balance occurs in the Client’s Trading Account due to Stop Out, the Company will make a relevant adjustment to the full negative amount, so the Client does not suffer the loss.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.144.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.244.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
44.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice giving to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsTwo (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.444.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
44.5. Without prejudice to paragraph 13.1. of 14.1.of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. b) The value of Client collateral falls below the minimum margin requirement.
c. c) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%e) and the Company has the right to refuse a new Order.
7.5. The Company does shall not have an obligation to make any Margin Calls Call to the Client (indulging but in the situation when event that it does, or in the event that the Platform automatically warns the Client that it reached a specific percentage 50% of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit his i. Limit exposure (close trades); or b. deposit more money in his Client Accountor
ii. Close some of the Clients Current open positions
iii. Maintain a substantial Margin Level.
7.644.6. In the event that Clients margin level drops to or below 75% the Client will not be able to open any new positions. In the event that Clients Equity falls below 50% for Retail clients and 15% for Professional Clients of the Used Margin of the Clients account the Company has the right to refuse new Orders. In such case the Company will send Clients an email and/or SMS notification as an early warning of the performance of the Clients open positions.
44.7. Margin must be paid in monetary funds in the Currency of the Client Account.
7.744.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 2 contracts
Samples: Client Agreement, Terms and Conditions
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy on the website.The link is: xxx.xxxxxxxxx.xxx/xx/xxxxxxx/xxxxx-xxxxxxxxx/xxxxxxxxxxxx-xxxxxxxxx/
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
f. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. g. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit his exposure (close trades); or or
b. hedge his positions (open counter positions to the ones he has right now) while re-evaluating the situation; or
c. deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (5) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one Business Day Written Notice. All changes shall be effected on the Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck for dates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. (a) The value of Client collateral falls below the minimum margin requirement.
c. (b) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (c) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. 9.6. The system Company shall make Margin Calls to the Client automatically via the Platform when the Margin in his Client Account has reached a certain percentage. When the Platform warns the Client that it reached a certain percentage of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client should take any or any of the three options to deal with the situation:
(a) Limit his exposure (close trades); or
(b) Hedge his positions (open counter positions to the ones he has right now) while re-evaluating the situation; or
(c) Deposit more money in his Client Account.
9.7. If the Client fails to take action according to paragraph 9.6 or when the Client reaches 15% of the Margin in the Client Account, his positions will start closing automatically at market prices (Stop Out level of 5015%) starting with the most losing Order and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.69.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to paragraph 38 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
9.10. If the Client has more one Client Account with the Company, any credit in one Client Account (including amounts deposited as Margin) will not discharge the Client liabilities in respect of any other Client Account, unless a termination tales place. It is understood that once an Order is executed, the Client’s responsibility to ensure the required level of Margin shall appear in and form part of the Balance, but because it is used as collateral exists for keeping the position open, it shall be unavailable for withdrawaleach Client Account separately.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) Platform and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraphs 7.5. and 7.6. below and paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders to establish new positions in any of the following cases:
a. a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. b) The value of Client collateral falls below the minimum margin requirement.
c. c) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. e) The Liquidity Provider or the Company (as the case may be) cannot execute the Order for example because it is unable to determine the market price of the Underlying Asset.
f) The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit : a) Limit his exposure (close trades); or b. deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.or
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.1. 7.1 The Client shall provide and maintain the Initial Margin in such limits as per the limits of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the website.
7.2. 7.2 Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in on the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. 7.3 The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. 7.4 Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. 7.5 The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call Call, then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.6. 7.6 Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. 7.7 The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
Margin Requirements. 7.144.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.244.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
44.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice giving to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsTwo (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.444.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
44.5. Without prejudice to paragraph 13.1. of the Client 14.1.of this Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. b) The value of Client collateral falls below the minimum margin requirement.
c. c) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%e) and the Company has the right to refuse a new Order.
7.5. The Company does shall not have an obligation to make any Margin Calls Call to the Client (indulging but in the situation when event that it does, or in the event that the Platform automatically warns the Client that it reached a specific percentage 50% of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit his i. Limit exposure (close trades); or b. deposit more money in his Client Accountor
ii. Close some of the Clients Current open positions
iii. Maintain a substantial Margin Level.
7.644.6. In the event that Clients margin level drops to or below 75% the Client will not be able to open any new positions. In the event that Clients Equity falls below 50% for Retail clients and 15% for Professional Clients of the Used Margin of the Clients account the Company has the right to refuse new Orders. In such case the Company will send Clients an email and/or SMS notification as an early warning of the performance of the Clients open positions, however, the Company does not bear any responsibility in case the Client does not receive the said notification in a timely manner or in case the Client has opted out from receiving email and/or SMS notifications from the Company.
44.7. Margin must be paid in monetary funds in the Currency of the Client Account.
7.744.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 2 contracts
Samples: Terms and Conditions, Terms and Conditions
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy on the websiteMore information can be found at xxx.xxxxx-xxxxx.xxx.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. : The Company considers that there are Abnormal Trading Conditions.
b. conditions. The value of Client collateral falls below the minimum margin requirement.
c. . At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. . The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. . The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. . When the Margin Level reaches 5030% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 5030%) and the Company has the right to refuse a new Order. The Company has the right to refuse new orders if the margin level falls below 100%.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit : Limit his exposure (close trades); or b. deposit Hedge his positions (open counter positions to the ones he has right now) while re-evaluating the situation; or Deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executedplaced, until such Order is executed and the Transaction is closed, the Maintenance Margin shall distinctly appear in and form part of the Balance, but because it is used as collateral for keeping the position open, open it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy on the website.The link is:
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, time Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
f. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. g. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit Limit his exposure (close trades); or or
b. deposit Hedge his positions (open counter positions to the ones he has right now) while re-evaluating the situation; or
c. Deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (10) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one Business Day Written Notice. All changes shall be effected on the Trading Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck for updates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. b. At any time, Equity time that the equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. c. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet itrespond accordingly.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.59.6. The Company does not have an obligation to shall make Margin Calls to the Client (indulging automatically via SMS or via the situation Trading Platform when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account)Account has reached a certain percentage of the Equity. However, if When the Company does make warns the Client that the Margin in the Client Account has reached a Margin Call then certain percentage of the Equity, the Client should take any or all of the two three options to deal with the situation:
a. limit his Limit his/her risk exposure (close trades); or or
b. deposit Hedge his/her positions (open counter positions to the ones he/she has at the moment) while re-evaluating the situation; or
c. Deposit more money in his the Client Account.
7.69.7. If the Client fails to take action according to paragraph 9.6 or when the Equity in the Client Account equals or falls under the Maintenance Margin his/her Positions will start closing automatically, the position with largest loss being closed first. In such a case the Company has the right to refuse any new Orders.
9.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to paragraph 18 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever overwhatsoever, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (10) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one Business Day Written Notice. All changes shall be effected on the Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck for updates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. (a) The value of Client collateral falls below the minimum margin requirement.
c. (b) At any time, Equity time that the equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (c) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. 9.6. The system Company shall make Margin Calls to the Client automatically via the Platform when the Margin in the Client Account has reached a certain percentage. When the Platform warns the Client that it reached a certain percentage of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client should take any of the three options to deal with the situation:
(a) Limit his exposure (close trades); or
(b) Hedge his positions (open counter positions to the ones he has right now) while re-evaluating the situation; or
(c) Deposit more money in his Client Account.
9.7. If the Client fails to take action according to paragraph 9.6 or when the Client reaches 15% of the Margin in the Client Account, his positions will start closing automatically at market prices (Stop Out level of 5015%) starting with the most losing Order and the Company has the right to refuse a any new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.69.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to paragraph 38 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
9.10. If the Client has more than one Client Account with the Company, any credit in one Client Account (including amounts deposited as Margin) will not discharge the Client liabilities in respect of any other Client Account, unless a termination takes place. It is understood that once an Order is executed, the Client’s responsibility to ensure the required level of Margin shall appear in and form part of the Balance, but because it is used as collateral exists for keeping the position open, it shall be unavailable for withdrawaleach Client Account separately.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy on the websiteMore information can be found at xxx.xxxxx-xxxxx.xxx.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company Compa- ny has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditionsconditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
f. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. g. When the Margin Level reaches 5030% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 5030%) and the Company has the right to refuse a new Order.
h. The Company has the right to refuse new orders if the margin level falls below 100%. 7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:indulging
a. limit Limit his exposure (close trades); or or
b. deposit Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
c. Deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy These appear on the website.Website and/or Platform. Margin Requirements always relate to each individual client account and must be covered by margins available thereon
7.2. Unless a Force Majeure Event has occurred, the The Company has the right to change the Margin requirements, by providing a post in according to paragraphs 25.5 and 25.6 of the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positionsClient Agreement.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. 13.1 of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders to establish new positions in any of the following cases:
a. (a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. (b) The value of Client collateral falls below the minimum margin requirement.
c. (c) At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies d) In case of fraud or Abusive Trading of the Client
(e) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. (f) When the Margin Level reaches 50% the Stop Out Level (ratio of equity Equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) starting with the highest losing Order and the Company has the right to refuse a new OrderOrders. Stop Out level is available on the Website and/or the Platform and may be amended by the Company according to paragraph 25.4 of this Client Agreement.
7.5(g) When the Client fails to take a measure of paragraph 7.4. below. However, it is understood that it is the Client’s responsibility to monitor, at all times, the amount deposited in the Client Account against the amount of Maintenance Margin required and it is understood that the Company has the right to take the actions of this paragraph, even if a Margin Call is not made under paragraph 7.4 below.
7.4. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options three options, within a short time, to deal with the situation:
a. limit (a) Limit his exposure (close trades); or b. deposit or
(b) Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
(c) Deposit more money in his Client Account.
7.67.5. Margin Xxxxxx must be paid in monetary funds in the Currency of the Client Account.
7.77.6. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.7. It is understood The Client explicitly and irrevocably consents and accepts that once an Order is executed, he will at all times maintain such margin(s) for his Client Account with the Margin Company as these may be required from time to time by the Company and shall appear in and form part make deposits of margin as the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawalCompany may request from time to time.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy These appear on the website.Website and/or Platform. Margin Requirements always relate to each individual client account and must be covered by margins available thereon
7.2. Unless a Force Majeure Event has occurred, the The Company has the right to change the Margin requirements, by providing a post in according to paragraphs 25.5 and 25.6 of the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positionsClient Agreement.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. 13.1 of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders to establish new positions in any of the following cases:
a. (a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. (b) The value of Client collateral falls below the minimum margin requirement.
c. (c) At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies d) In case of fraud or Abusive Trading of the Client
(e) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. (f) When the Margin Level reaches 50% the Stop Out Level (ratio of equity Equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) starting with the highest losing Order and the Company has the right to refuse a new OrderOrders. Stop Out level is available on the Website and/or the Platform and may be amended by the Company according to paragraph 25.4 of this Client Agreement.
7.5(g) When the Client fails to take a measure of paragraph 7.4. below. However, it is understood that it is the Client’s responsibility to monitor, at all times, the amount deposited in the Client Account against the amount of Maintenance Margin required and it is understood that the Company has the right to take the actions of this paragraph, even if a Margin Call is not made under paragraph 7.4 below.
7.4. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options three options, within a short time, to deal with the situation:
a. limit (a) Limit his exposure (close trades); or b. deposit or
(b) Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
(c) Deposit more money in his Client Account.
7.67.5. Margin must be paid in monetary funds in the Currency of the Client Account.
7.77.6. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.7. It is understood The Client explicitly and irrevocably consents and accepts that once an Order is executedhe will at all times maintain such margin(s) for his Client Account with the Company as these may be required from time to time by the Company and shall make deposits of margin as the Company may request from time to time.
7.8. The Client explicitly and irrevocably consents and accepts that the Company’s failure at any time to call for a deposit of margin shall not constitute a waiver of the Company’s rights to do so at any time thereafter, nor shall it create any liability of the Company to the Client.
7.9. The Client explicitly and irrevocably consents and accepts that the Company will open and/or maintain the Account and grant a margin facility to the client provided that the Company may, without notice, at any time and from time to time:
i. reduce and/or cancel any margin facility made available to the client or refuse to grant any additional margin facility to the Client; and/or
ii. require the Client to provide margin in addition to the margin requirements of any Regulatory Authority; so long as the Client shall be indebted to the Company, all funds and other property carried for the Client’s account shall be and are hereby pledged and shall constitute a continuing security to insure payment of the indebtedness. The Company reserves the right to modify margin requirements in line with the size of the client's deposit, size of transactions and/or with market conditions characterized by particular lack of liquidity or volatility on all currency pairs being traded with due notice given to the client, the Margin shall appear client's duly authorized representative or attorney at any time. The Company reserves the right to offer different spread rates in and form part accordance with the size of the Balanceclient's deposit and/or positions. Spread rates may widen at anytime and especially during market conditions such as central bank decisions, but because it monetary policy decisions, periods of volatility, periods of low liquidity (ex.: overnight markets), etc.. Clients are entirely responsible for verifying the activity of their accounts, as well as their margin requirements. Standard current margin requirements are available upon request or on our website.
7.10. The Client explicitly and irrevocably consents and accepts that, in the event that the margin requested by the Company is used as collateral for keeping not properly maintained within the position opentime frame given by The Company, it The Company may, at its sole discretion:
1. Stop and/or cancel any trade of the client with immediate effect;
2. Liquidate all open trade positions at a loss, which shall be unavailable born solely by the client;
3. Hold the client liable for withdrawalany deficit in the Account;
4. Set off any assets in the Account against any amounts due to the Company;
5. Realise all pledged assets at private sales, without restriction and without being bound to observe the legal formalities required by CySEC Law on the recovery of debts and on bankruptcy.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. (a) The Company considers that there are Abnormal Trading Conditionsconditions.
b. (b) The value of Client collateral falls below the minimum margin requirement.
c. (c) At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. (e) The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
(f) The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. (g) When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin Margin, set at 75%, in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit (a) Limit his exposure (close trades); or b. deposit or
(b) Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
(c) Deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is placed, until such Order is executed, and the Transaction is closed, the Maintenance Margin shall distinctly appear in and form part of the Balance, but because it is used as collateral for keeping the position open, open it shall be unavailable for withdrawal.
7.9. The Company ensures that losses will not exceed the total available funds per Clients’ Forex24 trading account(s) (negative balance protection). In the event that a negative balance occurs in the Client’s Trading Account due to Stop Out, the Company will make a relevant adjustment to the full negative amount, so the Client does not suffer the loss.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (5) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one Business Day Written Notice. All changes shall be effected on the Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck for dates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. (a) The value of Client collateral falls below the minimum margin requirement.
c. (b) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (c) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. 9.6. The system Company shall make Margin Calls to the Client automatically via the Platform when the Margin in his Client Account has reached a certain percentage. When the Platform warns the Client that it reached a certain percentage of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client should take any or any of the three options to deal with the situation:
(a) Limit his exposure (close trades); or
(b) Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
(c) Deposit more money in his Client Account.
9.7. If the Client fails to take action according to paragraph 9.6 or when the Client reaches 15% of the Margin in the Client Account, his positions will start closing automatically at market prices (Stop Out level of 5015%) starting with the most losing Order and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.69.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to paragraph 38 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
9.10. If the Client has more one Client Account with the Company, any credit in one Client Account (including amounts deposited as Margin) will not discharge the Client liabilities in respect of any other Client Account, unless a termination tales place. It is understood that once an Order is executed, the Client’s responsibility to ensure the required level of Margin shall appear in and form part of the Balance, but because it is used as collateral exists for keeping the position open, it shall be unavailable for withdrawaleach Client Account separately.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that they understand how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (10) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one (1) Business Day’s Written Notice. All changes shall be affected on the Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck for updates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. clause 13.1 of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. (a) The value of Client collateral falls below the minimum margin requirement.
c. (b) At any time, Equity equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (c) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. 9.6. The system Company may make Margin Calls to the Client automatically via the Platform when the Margin in their Client Account has reached a certain percentage. When the Platform warns the Client that it reached a cert ain percentage of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client should take any or all of the three options to deal with the situation:
(a) Limit their exposure (close trades); or
(b) Hedge their positions (open counter positions to the ones they have right now) while reevaluating the situation; or
(c) Deposit more money in their Client Account. The Client is required to log-in to the Platform on a daily basis when they have open positions to ensure they receive notification of any such Margin Calls. It is the Client’s sole responsibility to monitor and manage their open positions and exposures, and ensure Margin calls are met as required. Where the Client has not checked the trading platform for Margin call notifications, and so has not met them in a timely manner, all margined positions will be closed out by the Company, without further reference to the Client;
9.7. If the Client fails to take action according to clause 9.6 or when the Client reaches 15% of the Margin in the Client Account, their positions will start closing automatically at market prices (Stop Out level of 5015%) starting with the most losing Order and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.69.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to clause 18 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
9.10. It is understood that once an Order is executedIf the Client has more one Client Account with the Company, any credit in one Client Account (including amounts deposited as Margin) will not discharge the Margin shall appear Client liabilities in and form part respect of the Balanceany other Client Account, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.unless a
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.19.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.29.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
9.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Client ten (5) Business Days Written Notice prior to these amendments for open positions. For new positions the Company may amend the Margin Requirements with one Business Day Written Notice. All changes shall be effected on the Platform and/or the Website and/or Platform) and the Company has the right Client is responsible to apply new Margin requirements to the new positionscheck forupdates.
7.39.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsEvent. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.49.5. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. (a) The value of Client collateral falls below the minimum margin requirement.
c. (b) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (c) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet itmeetit.
e. 9.6. The system Company shall make Margin Calls to the Client automatically via the Platform when the Margin in his Client Account has reached a certain percentage. When the Platform warns the Client that it reached a certain percentage of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client should take any or any of the three options to deal with the situation:
(a) Limit his exposure (close trades); or
(b) Hedge his positions (open counter positions to the ones he has right now) while reevaluating the situation; or
(c) Deposit more money in his Client Account.
9.7. If the Client fails to take action according to paragraph 9.6 or when the Client reaches 15% of the Margin in the Client Account, his positions will start closing automatically at market prices (Stop Out level of 5015%) starting with the most losing Order and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.69.8. Margin must shall be paid in monetary funds in the Currency of the Client Account. Should the client deposit money in a different currency the Company shall make a conversion into the Currency of the Client Account according to paragraph 38 of the Client Agreement.
7.79.9. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
9.10. If the Client has more one Client Account with the Company, any credit in one Client Account (including amounts deposited as Margin) will not discharge the Client liabilities in respect of any other Client Account, unless a termination tales place. It is understood that once an Order is executed, the Client’s responsibility to ensure the required level of Margin shall appear in and form part of the Balance, but because it is used as collateral exists for keeping the position open, it shall be unavailable for withdrawaleach Client Account separately.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Website and/or PlatformClient three (3) Business Days Written Notice prior to these amendments and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders to establish new positions in any of the following cases:
a. : • The Company considers that there are Abnormal Trading Conditions.
b. abnormal trading conditions. • The value of Client collateral falls below the minimum margin requirement.
c. . • At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. . The Company makes a Margin Call (including the situation where i.e., the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when When the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit : • Limit his exposure (close trades); or b. deposit • Hedge his positions (open counter positions to the ones he has right now) while reevaluating the situation; or • Deposit more money in his Client Account.
7.6. When the Client reaches 20% of the Margin in the Client Account, his positions will start closing automatically at market prices (Stop Out level of 20%) starting with the most losing Order and the Company has the right to refuse new Orders.
7.7. The margin must be paid in monetary funds in the Currency of the Client Account.
7.77.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Terms and Conditions
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy on the website.The link is: xxx.xxxxx.xxx/xx/xxxxxxx/xxxxx-xxxxxxxxx/xxxxxxxxxxxx-xxxxxxxxx/
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
f. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. g. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit his exposure (close trades); or or
b. hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
c. deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin in such limits as per the limits of the ESMA Intervention measures Regulator or any other national measures. Details are included in the Leverage and Margin Policy on the website.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically by the most losing position at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two options to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. (a) The Company considers that there are Abnormal Trading Conditionsconditions.
b. (b) The value of Client collateral falls below the minimum margin requirement.
c. (c) At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. (d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. (e) The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
(f) The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. (g) When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin Margin, set at 75%, in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit (a) Limit his exposure (close trades); or b. deposit or
(b) Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
(c) Deposit more money in his Client Account.
7.6. Margin Xxxxxx must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is placed, until such Order is executed, and the Transaction is closed, the Maintenance Margin shall distinctly appear in and form part of the Balance, but because it is used as collateral for keeping the position open, open it shall be unavailable for withdrawal.
7.9. The Company ensures that losses will not exceed the total available funds per Clients’ Forex24 Global trading account(s) (negative balance protection). In the event that a negative balance occurs in the Client’s Trading Account due to Stop Out, the Company will make a relevant adjustment to the full negative amount, so the Client does not suffer the loss.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.144.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.244.2. It is the Client’s responsibility to ensure that he understands how Margin requirements are calculated.
44.3. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice giving to the Client in the case of Force Majeure Event and especially when there are Abnormal Market ConditionsTwo (2) Business Days Written Notice prior to these amendments. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.444.4. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
44.5. Without prejudice to paragraph 13.114.1. of the Client this Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions open positions (New or Gross) and to refuse Client orders to establish new Client Orders positions in any of the following cases:
a. a) The Company considers that there are Abnormal Trading Conditionsabnormal trading conditions.
b. b) The value of Client collateral falls below the minimum margin requirement.
c. c) At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. d) The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%e) and the Company has the right to refuse a new Order.
7.5. The Company does shall not have an obligation to make any Margin Calls Call to the Client (indulging but in the situation when event that it does, or in the event that the Platform automatically warns the Client that it reached a specific percentage 50% of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit his i. Limit exposure (close trades); or b. deposit more money in his Client Accountor
ii. Close some of the Clients Current open positions
iii. Maintain a substantial Margin Level.
7.644.6. In the event that Clients margin level drops to or below 75% the Client will not be able to open any new positions. In the event that Clients Equity falls below 50% for Retail clients and 15% for Professional Clients of the Used Margin of the Clients account the Company has the right to refuse new Orders. In such case the Company will send Clients an email and/or SMS notification as an early warning of the performance of the Clients open positions, however, the Company does not bear any responsibility in case the Client does not receive the said notification in a timely manner or in case the Client has opted out from receiving email and/or SMS notifications from the Company.
44.7. Margin must be paid in monetary funds in the Currency of the Client Account.
7.744.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Terms and Conditions
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy on the website.The link is: xxx.xxxxxxxxx.xxx/xx/xxxxxxx/xxxxx-xxxxxxxxx/xxxxxxxxxxxx- documents/
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
f. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. g. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new OrderOrders.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situation:
a. limit his exposure (close trades); or or
b. hedge his positions (open counter positions to the ones he has right now) while re-evaluating the situation; or
c. deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company.
7.8. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measuresCFD. Details are included in the Leverage and Margin Policy on the websiteMore information can be found at xxx.xxxxx-xxxxx.xxx.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in the Website and/or Platform) and the Company Compa- ny has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading Conditionsconditions.
b. The value of Client collateral falls below the minimum margin requirement.
c. At any time, Equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies the Client) and the Client fails to meet it.
e. The Execution Venue cannot execute the Order; for example, because it is unable to determine the market price of the Underlying Asset.
f. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. g. When the Margin Level reaches 5030% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 5030%) and the Company has the right to refuse a new Order.
h. The Company has the right to refuse new orders if the margin level falls below 100%.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when the Platform automatically warns the Client that it reached a specific percentage of the Margin in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all of the two three options to deal with the situationsitu- ation:
a. limit Limit his exposure (close trades); or or
b. deposit Hedge his positions (open counter positions to the ones he has right now) while re- evaluating the situation; or
c. Deposit more money in his Client Account.
7.6. Margin Xxxxxx must be paid in monetary funds in the Currency of the Client Account.
7.7. The Client undertakes neither to create nor to have outstanding any security interest whatsoever what- soever over, nor to agree to assign or transfer, any of the Margin transferred to the CompanyCom- pany.
7.8. It is understood that once an Order is executedplaced, until such Order is executed and the Trans- action is closed, the Maintenance Margin shall distinctly appear in and form part of the Balance, but because be- cause it is used as collateral for keeping the position open, open it shall be unavailable for withdrawalwith- drawal.
Appears in 1 contract
Samples: Client Agreement
Margin Requirements. 7.1. 14.1 The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits EPFX, at its sole discretion, may require from time to time. Such sums of the ESMA Intervention measures or any other national measures. Details are included money shall only be paid to EPFX bank account in the Leverage and Margin Policy on form of cleared funds. It is the websiteClient’s responsibility to ensure that the Client understands how a margin is calculated.
7.214.2 The Client shall pay Initial Margin and/or Hedged Margin at the moment of opening a position. Unless a The amount of Initial Margin and Hedged Margin for each Instrument is defined in the Contract Specifications.
14.3 If no Force Majeure Event has occurred, the Company has the right EPFX is entitled to change the Margin margin requirements, by providing a post in the Website and/or Platform) and the Company has the right to apply new Margin requirements giving to the new positionsClient 3 (three) Business Days Written Notice prior to these amendments.
7.3. The Company has the right 14.4 EPFX is entitled to change Margin margin requirements without prior notice to the Client Written Notice in the case of Force Majeure Event and especially when there are Abnormal Market Conditions. In this situation the Company has the right Event.
14.5 EPFX is entitled to apply new Margin margin requirements amended in accordance with clauses and 14.4 to the new positions and to the positions which are already open.
7.4. Without prejudice 14.6 EPFX is entitled to paragraph 13.1. close the Client’s Open Positions without the consent of the Client Agreement, or any prior Written Notice if the Company has Equity is less than certain rate depending on the right to close at market prices and or limit account type as stipulated on the size of Client Open Positions and to refuse new Client Orders in any of the following cases:
a. The Company considers that there are Abnormal Trading ConditionsWebsite.
b. The value of 14.7 It is the Client’s responsibility to notify EPFX as soon as the Client collateral falls below believes that the minimum Client will be unable to meet a margin requirementpayment when due.
c. At any time, Equity (current balance including open positions) 14.8 EPFX is equal not obliged to or less than a specified percentage of the make margin (collateral) needed to keep the open position.
d. The Company makes a Margin Call (including the situation where the Platform automatically notifies calls for the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does EPFX is not have an obligation to make Margin Calls liable to the Client (indulging for any failure by EPFX to contact, or attempt to contact the situation when Client.
14.9 For the Platform automatically warns purposes of determining whether the Client that it reached a specific percentage of the Margin in the Client Account). Howeverhas breached clause 14.6 above, if the Company does make a Margin Call then the Client should take any or all of the two options sums referred to deal with the situation:
a. limit his exposure (close trades); or b. deposit more money in his Client Account.
7.6. Margin must be paid in monetary funds therein which are not denominated in the Currency of the Client AccountTrading Account shall be treated as if they were denominated in the Currency of the Trading Account by converting them into the Currency of the Trading Account at the relevant exchange rate for spot dealings in the foreign exchange market.
7.714.10 Margin call on all accounts is 50%. The Client undertakes neither to create nor to have outstanding any security interest whatsoever overStop out level on all accounts is 20% apart from the VIP account, nor to agree to assign or transfer, any of the Margin transferred to the Company. It where is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal30%.
Appears in 1 contract
Samples: Account Opening Agreement
Margin Requirements. 7.1. The Client shall provide and maintain the Initial Margin and/or Hedged Margin in such limits as per the limits Company, at its sole discretion, may determine at any time under the Contract Specifications for each type of the ESMA Intervention measures or any other national measures. Details are included in the Leverage and Margin Policy on the websiteCFD.
7.2. Unless a Force Majeure Event has occurred, the Company has the right to change the Margin requirements, by providing a post in giving to the Website and/or PlatformClient three (3) Business Days Written Notice prior to these amendments and the Company has the right to apply new Margin requirements to the new positions.
7.3. The Company has the right to change Margin requirements without prior notice to the Client in the case of Force Majeure Event and especially when there are Abnormal Market Conditionsabnormal market conditions. In this situation the Company has the right to apply new Margin requirements to the new positions and to the positions which are already open.
7.4. Without prejudice to paragraph 13.1. of the Client Agreement, the Company has the right to close at market prices and or limit the size of Client Open Positions and to refuse new Client Orders to establish new positions in any of the following cases:
a. : • The Company considers that there are Abnormal Trading Conditions.
b. abnormal trading conditions. • The value of Client collateral falls below the minimum margin requirement.
c. . • At any time, Equity time equity (current balance including open positions) is equal to or less than a specified percentage of the margin (collateral) needed to keep the open position.
d. . The Company makes a Margin Call (including the situation where i.e., the Platform automatically notifies the Client) and the Client fails to meet it.
e. The system of the Company rejects the Order due to trading limits imposed on the Client Account.
f. When the Margin Level reaches 50% (ratio of equity to Margin in the Client Account), the Client positions will start closing automatically at market prices (Stop Out level of 50%) and the Company has the right to refuse a new Order.
7.5. The Company does not have an obligation to make Margin Calls to the Client (indulging the situation when When the Platform automatically warns the Client that it reached a specific percentage of the Margin Xxxxxx in the Client Account). However, if the Company does make a Margin Call then the Client should take any or all any of the two three options to deal with the situation:
a. limit : • Limit his exposure (close trades); or b. deposit • Hedge his positions (open counter positions to the ones he has right now) while reevaluating the situation; or • Deposit more money in his Client Account.
7.6. When the Client reaches 20% of the Margin in the Client Account, his positions will start closing automatically at market prices (Stop Out level of 20%) starting with the most losing Order and the Company has the right to refuse new Orders.
7.7. The margin must be paid in monetary funds in the Currency of the Client Account.
7.77.8. The Client undertakes neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the Margin transferred to the Company. It is understood that once an Order is executed, the Margin shall appear in and form part of the Balance, but because it is used as collateral for keeping the position open, it shall be unavailable for withdrawal.interest
Appears in 1 contract
Samples: Terms and Conditions
