Point Trader Group Ltd Sample Clauses

Point Trader Group Ltd operates Automatic Margin Stop Out when a client has lost either a present percentage of the initial margin where the initial margin equals the account balance or once the account balance equals the open margin a percentage of that balance. For example: A clients balance is £1000 – margin required for trading totals £1000 – once the client losses £500 POINT automatically creates a Margin Stop-Out or Close-Out will initiate to close all open positions, as a protective measure to limit further losses. The standard margin close-out figure is a minimum of 50% though this is higher depending on the type of account you have with Point. See schedule 3 for your figure. Due to this Point Trader Group Ltd. offers negative balance protection meaning that you will not owe them funds due to gapping in the market even where positions are unable to be closed though you can still lose 100% of the funds in your account. This does not apply to Corporate events or to other such losses or where commission is owed to close the trade.
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