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.
Appears in 5 contracts
Samples: Investment Services Agreement, Investment Services Agreement, Investment Services Agreement
