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.
Appears in 8 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
