Common use of MARGIN TRADES Clause in Contracts

MARGIN TRADES. 8.1 On the date of the opening of a Margin Trade between Benor Capital Ltd and the Client, Benor Capital Ltd may require the Client to have margin on the Account at least equivalent to Benor Capital Ltd's initial margin requirement. 8.2 Benor Capital Ltd’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient margin is available on the Account at any time. If practicably possible Benor Capital Ltd shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover Benor Capital Ltd's margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to Benor Capital Ltd. Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to Benor Capital Ltd, Benor Capital Ltd may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 If Benor Capital Ltd due to insufficient margin, cf. Clause 8.2, at Margin Level of 120% or less Benor Capital Ltd have the discretion to begin closing positions starting from the position with the highest loss (in absolute value), clients can only close their open positions and cannot open new positions. At Margin Level of 50% or less Benor Capital Ltd will automatically close positions at the current market price, starting with the trade requiring the highest margin for which the market is open. If the account Margin Level is still 50% or less the same procedure is repeated for the next applicable position. Positions will be closed until the Margin Level becomes greater than 50%. 8.4 For PAMM accounts (managed accounts), cf. Clause 8.2 is not applicable. Once the drawdown, unless stated otherwise, reaches 90% of the deposited amount, as displayed in the PAMM portal, Benor Capital Ltd will initiate the automatic closure of positions at the prevailing market price, and the account will be disconnected from the strategy. However, it's important to note that the specified percentage is applicable primarily under normal market conditions, given the inherent unpredictability of the markets. 8.5 If the Client has opened more than one Account, Benor Capital Ltd is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.6 Benor Capital Ltd’s general margin requirements for different types of Margin Trades are displayed on Benor Capital Ltd's web site. However, Benor Capital Ltd reserves the right to determine specific margin requirements for individual Margin Trades. 8.7 The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, Benor Capital Ltd is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to Benor Capital Ltd's rights under this Agreement. However, Benor Capital Ltd will increase the margin requirements if Benor Capital Ltd considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.

MARGIN TRADES. 8.1 On the date of the opening of a Margin Trade between Benor Capital Ltd and the Client, Benor Capital Ltd may require the Client to have margin on the Account at least equivalent to Benor Capital Ltd's initial margin requirement. 8.2 Benor Capital Ltd’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient margin is available on the Account at any time. If practicably possible Benor Capital Ltd shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover Benor Capital Ltd's margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to Benor Capital Ltd. Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to Benor Capital Ltd, Benor Capital Ltd may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 If Benor Capital Ltd due to insufficient margin, cf. Clause 8.2, at may close one, several or all of the Client's Margin Level of 120% or less Trades, the Client shall expect, unless otherwise agreed and confirmed by Benor Capital Ltd have that all of the discretion to begin closing positions starting from the position with the highest loss (in absolute value), clients can only close their Client's open positions and cannot open new positions. At Margin Level of 50% or less Benor Capital Ltd will automatically close positions at the current market price, starting with the trade requiring the highest margin for which the market is open. If the account Margin Level is still 50% or less the same procedure is repeated for the next applicable position. Positions Trades will be closed until the Margin Level becomes greater than 50%closed. 8.4 For PAMM accounts (managed accounts), cf. Clause 8.2 is not applicable. Once the drawdown, unless stated otherwise, reaches 90% of the deposited amount, as displayed in the PAMM portal, Benor Capital Ltd will initiate the automatic closure of positions at the prevailing market price, and the account will be disconnected from the strategy. However, it's important to note that the specified percentage is applicable primarily under normal market conditions, given the inherent unpredictability of the markets. 8.5 If the Client has opened more than one Account, Benor Capital Ltd is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.6 8.5 Benor Capital Ltd’s general margin requirements for different types of Margin Trades are displayed on Benor Capital Ltd's web site. However, Benor Capital Ltd reserves the right to determine specific margin requirements for individual Margin Trades. 8.7 8.6 The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, Benor Capital Ltd is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to Benor Capital Ltd's rights under this Agreement. However, Benor Capital Ltd will increase the margin requirements if Benor Capital Ltd considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.

MARGIN TRADES. 8.1 On the date of the opening of a Margin Trade between Benor Capital Ltd and the Client, Benor Capital Ltd may require the Client to have margin on the Account at least equivalent to Benor Capital Ltd's initial margin requirement. 8.2 Benor Capital Ltd’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient margin is available on the Account at any time. If practicably possible Benor Capital Ltd shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover Benor Capital Ltd's margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to Benor Capital Ltd. Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to Benor Capital Ltd, Benor Capital Ltd may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 If Benor Capital Ltd due to insufficient margin, cf. Clause 8.2, at Margin Level of 120% or less Benor Capital Ltd have the discretion to begin closing positions starting from the position with the highest loss (in absolute value), clients can only close their open positions and cannot open new positions. At Margin Level of 50% or less Benor Capital Ltd will automatically close positions at the current market price, starting with the trade requiring the highest margin for which the market is open. If the account Margin Level is still 50% or less the same procedure is repeated for the next applicable position. Positions will be closed until the Margin Level becomes greater than 50%. 8.4 For PAMM Pamm accounts (managed accounts), cf. Clause 8.2 is not applicable. Once the drawdown, unless Unless stated otherwise, reaches 90% of the deposited amount, as displayed in the PAMM Pamm portal, Benor Capital Ltd will initiate the automatic closure of positions at the prevailing market price, and the account will be disconnected from the strategy. However, it's important to note that the specified percentage per,entage is applicable primarily under normal market conditions, given the inherent unpredictability of the markets. 8.5 If the Client has opened more than one Account, Benor Capital Ltd is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.6 Benor Capital Ltd’s general margin requirements for different types of Margin Trades are displayed on Benor Capital Ltd's web site. However, Benor Capital Ltd reserves the right to determine specific margin requirements for individual Margin Trades. 8.7 The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, Benor Capital Ltd is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to Benor Capital Ltd's rights under this Agreement. However, Benor Capital Ltd will increase the margin requirements if Benor Capital Ltd considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.

MARGIN TRADES. 8.1 On the date of the opening of a Margin Trade between Benor Junle Capital Ltd Limited and the Client, Benor Junle Capital Ltd Limited may require the Client to have margin on the Account at least equivalent to Benor Capital Ltd's Pacific Union Limited’s initial margin requirement. 8.2 Benor Junle Capital LtdLimited’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient enough margin is available on the Account at any time. If practicably possible Benor Junle Capital Ltd Limited shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover Benor Capital Ltd's Pacific Union Limited’s margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to Benor Junle Capital Ltd. Limited. Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to Benor Junle Capital LtdLimited, Benor Junle Capital Ltd Limited may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 If Benor Junle Capital Ltd Limited due to insufficient margin, cf. Clause 8.2, at may close one, several or all of the Client's Margin Level Trades, the Client shall expect, unless otherwise agreed and confirmed by Junle Capital Limited that all of 120% or less Benor Capital Ltd have the discretion to begin closing positions starting from the position with the highest loss (in absolute value), clients can only close their Client's open positions and cannot open new positions. At Margin Level of 50% or less Benor Capital Ltd will automatically close positions at the current market price, starting with the trade requiring the highest margin for which the market is open. If the account Margin Level is still 50% or less the same procedure is repeated for the next applicable position. Positions Trades will be closed until the Margin Level becomes greater than 50%closed. 8.4 For PAMM accounts (managed accounts), cf. Clause 8.2 is not applicable. Once the drawdown, unless stated otherwise, reaches 90% of the deposited amount, as displayed in the PAMM portal, Benor Capital Ltd will initiate the automatic closure of positions at the prevailing market price, and the account will be disconnected from the strategy. However, it's important to note that the specified percentage is applicable primarily under normal market conditions, given the inherent unpredictability of the markets. 8.5 If the Client has opened more than one Account, Benor Junle Capital Ltd Limited is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.6 Benor 8.5 Junle Capital LtdLimited’s general margin requirements for different types of Margin Trades are displayed on Benor Junle Capital Ltd's Limited’s web site. However, Benor Capital Ltd Pacific Union Limited reserves the right to determine specific margin requirements for individual Margin Trades. 8.7 8.6 The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, Benor Capital Ltd Pacific Union Limited is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to Benor Junle Capital Ltd's Limited’s rights under this Agreement. However, Benor Capital Ltd Pacific Union Limited will increase the margin requirements if Benor Junle Capital Ltd Limited considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.