NEGATIVE BALANCE PROTECTION. The Company provides you with negative balance protection such that your losses can never exceed your account’s Equity. In the event that extreme market conditions result in your account’s Equity being negative, the Company will zero your account.
NEGATIVE BALANCE PROTECTION. The Company provides its clients, irrespective of their classification as Retail or Professional Client, with Negative Balance Protection, i.e. the Client’s losses will never exceed the Equity per Trading Account. The negative balance protection limits the maximum losses that a Retail Client could have. In this respect, the Company’s Clients can never lose more than the total sum invested for trading in CFDs.
NEGATIVE BALANCE PROTECTION. 13.1 We provide you with “negative balance protection” for your Account. This means that your losses can never exceed your Equity.
NEGATIVE BALANCE PROTECTION. (1) Negative Balance Protection is an automated adjustment of your Account balance(s) to zero in case they become negative after a stop out. When trading Financial Products on margin, it is possible to reach an Account deficit state, i.e. a situation when the Account’s balance is negative, for instance where a leveraged exposure loses more than the value of the Equity on the Account.
(2) Mitrade reserves the right to terminate your Account, reject your orders, refund your deposits or otherwise block you from entering further exposures after negative balance protection has been implemented. Should you still wish to trade with Mitrade, you must notify Mitrade.
NEGATIVE BALANCE PROTECTION. The Company offers negative balance protection to all retail clients in the event that a negative balance occurs in the clients’ trading accounts due to stop out and/or extremely volatile market conditions will make a relevant adjustment to cover the full negative amount. This means that clients will never lose more than the amounts you invested with us.
NEGATIVE BALANCE PROTECTION. CFDs are leveraged products and therefore incur a high level of risk and may result in the loss of all the client’s invested capital. For the benefit of the Company’s clients, the Company has implemented a “negative balance” protection program, on an account basis, whereby the client cannot lose more than his invested capital. Nonetheless, the client is expected to actively monitor and manage open positions in the account and to contact the Company about options if the account is close to a margin call. The client agrees not to abuse the “negative balance” protection policy and acknowledges that the Company reserves the right, at its sole discretion, to immediately terminate the client's access to the trading account and to recover any losses caused by the client in the case of abuse. The Company may consider the following, whether intentional or unintentional, to be attempts to abuse the policy, by way of, but not limited to (i) requesting a cash withdrawal from the account which causes the margin level to drop to 50% or lower, (ii) hedging exposure using multiple trading accounts, whether in the client's name or in connection with another client, (iii) using arbitrage to intentionally take advantage in gaps or delays in the data feed in such a way that it creates an exceptionally large exposure for the Company and/or (iv) by failing to take reasonable and responsible action to manage open positions in order to reduce the risk of loss.
NEGATIVE BALANCE PROTECTION. 22.1. The Company’s trading facilities are designed to prevent the Client from incurring a negative balance when trading under normal market conditions.
22.2. Still, it may be possible to incur a negative balance whilst trading and therefore the Company will reimburse the negative balance on the Client’s account, also known as ‘zero out the account’, as further stipulated in Article 23 of this Agreement.
22.3. This Article, or the action of ‘zeroing out an account’, will not apply where the Company determines, in its sole discretion, that:
22.3.1. The negative balance is unrelated to the trading activity. For example, where the negative balance relates to any fees or charges owed to the Company;
22.3.2. The negative balance is connected to or a result of a breach of this Agreement;
22.3.3. The Company is able to set-off any amounts owed between the Client and the Company;
22.3.4. The Client is excludedfromthisprotection for any reason;
22.3.5. The Client traded recklessly as a result of placing over reliance on the Company’s negative balance protection facility; and/or
22.3.6. The Client abused or intended to abuse the Company’s negative balance protection facility.
22.4. Even when the reimbursement of a negative balance has been made or is due to be made on a Client’s account, the Company may revoke or reverse the reimbursement, at its sole discretion.
22.5. The Company shall be entitled to offset any negative balance with any positive balance which is present in the other trading accounts belonging to the Client.
NEGATIVE BALANCE PROTECTION. 15.1. We provide you with “negative balance protection” for your Account. This means that your losses can never exceed your Equity.
15.2. The negative balance protection limits your aggregate liability for all CFDs connected to your account, ensuring that your maximum losses from trading CFDs, including all related costs, are limited to the total funds that are in your account. This includes any funds yet to be paid into your account due to net profits from the closure of open CFDs connected to the account.
15.3. In some jurisdictions, where we are required to do so in accordance with the local Applicable Laws and Regulations, we may offer you additional protection mechanisms, limiting your maximum potential losses. Where we offer you such additional protection mechanism these will adhere to the requirements of the local Applicable Laws and Regulations, noting however in the case of Price Slippage or Market Gapping occurring, your Order may be executed at a price materially different to proposed execution price indicated at the time of placing the Order and in such cases such additional protection mechanisms will be market conditions existing at the relevant point in time, will be reflected in the profit and loss position and the Equity of your Account. Such unrealised profits and losses will determine your obligation to post Margin with us and will also determine whether any other trading restriction or trading limit which we may have in place at any time, applies to you.
NEGATIVE BALANCE PROTECTION. This will provide you an overall guaranteed limit on CFDs losses. This ensures to you that your maximum losses from trading CFDs, including all related costs, are limited to the total funds related to trading CFDs that are your funds in your CFD trading account. In the event that a position closed at such price causing the Equity Balance of your trading account to fall below zero, the Company’s Liquidity provider shall waive its rights to receive the balance from the Company and to receive the balance from you.
NEGATIVE BALANCE PROTECTION. In the event of a negative balance in a Retail Client account but not Professional Clients, the Company will not file a claim against the Client for that amount, except in cases where the Client has used illicit methods to create it. Professional Clients will be fully responsible for the settling a potential negative balance on their accounts.
