REFUSAL TO EXECUTE ORDERS. 11.1. The Client accepts that the Company reserves the right to refuse the provision of any investment and ancillary service, at any time, including but not limited to the execution of instructions for trading any type of financial instrument of the Company, without prior notice to the Client. The circumstances under which the Company shall proceed to the above actions are the following:
(a) If the Client has insufficient funds in his/her Client Account;
(b) If the order affects the orderly function of the market;
(c) If the order aims at manipulating the market of the underlying financial instrument;
(d) If the order constitutes the exploitation of confidential information;
(e) If the order affects the orderly operation of the trading platform; and
(f) If the order contributes to the legalization of proceeds from illegal actions (money laundering)
11.2. The Client understands that any act of refusal by the Company for the execution of any order will not affect any obligation of the Client towards the Company under the Legal Documents.
REFUSAL TO EXECUTE ORDERS. 13.1. The Company has the right, at any time and for any reason and without giving any notice and/or explanation, to refuse, at its discretion, to execute any Order, including without limitation in the following cases:
(a) If the Company has adequate reasons to suspect that the execution of an Order is part of an attempt to manipulate the market, trading on inside information, relates to money laundering activities or terrorist financing or fraud or if it can potentially affect in any manner the reliability, efficiency, or smooth operation of the Trading Platform.
(b) If the Client does not have sufficient available funds deposited with the Company or in his bank account to pay the purchase price of an Order along with the respective fees and commissions necessary to carry out the transaction in the Trading Platform. In the event that the Company does refuse to execute an order, such refusal will not affect any obligation which the Client may have towards the Company or any right which the Company may have against the Client or his assets.
(c) If the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx)
13.2. It is understood that any refusal by the Company to execute any order shall not affect any obligation which the client may have towards the Company or any right which the Company may have against the customer or his assets.
REFUSAL TO EXECUTE ORDERS. The Company has the right, at any time and for any reason and without giving any notice and/or explanation, to refuse, at its discretion, to execute any order, including without limitation in the following cases: If the Company has adequate reasons to suspect that the execution of an order is part of an attempt to manipulate the market, trading on inside information, relates to money laundering activities or if it can potentially affect in any manner the reliability, efficiency, or smooth operation of the Trading Platform; If the Client does not have sufficient available funds deposited with the Company or in his/her bank account to pay the purchase price of the order along with the respective fees and commissions necessary to carry out the transaction in the Electronic Trading Platform. In the event that the Company does refuse to execute an order, such refusal will not affect any obligation which the Client may have towards the Company or any right which the Company may have against the Client or his/her assets; In certain limited cases, such as the occurrence of a Force Majeure Event or other cases where such data is temporarily not available (e.g. where prices on the Underlying Assets are not available or Orders are placed outside of Business Hours, or at times where sharp movements in the market make it difficult to determine relevant market prices, or where Client’s orders are placed outside of the relevant trading hours of the Underlying Asset and Company’s Business Hours), the Company may diverge from the process for Price determination set out in this Agreement.
REFUSAL TO EXECUTE ORDERS. 15.1 The Client accepts that Company shall have the right, at any time, to refuse at its discretion the provision of any investment or ancillary service, including but not limited to the execution of Orders for the purposed of trading financial instrument, without providing notice to the Client.
15.2 Without prejudice to the aforementioned, the Company shall refuse to execute orders when the Company has reasonable grounds to believe that the execution of a Client’s order may, inter alia:
(a) affect the orderly function of the market;
(b) constitute an abusive exploitation of privileged confidential information;
(c) contribute to the laundering of illegal funds and/or constitute any illegal activity;
(d) affect in any manner the reliability or orderly operation of the Trading Platform(s); or
(e) relate to the purchase of a financial instrument but there is insufficient free margin in the relevant trading account to cover such purchase and any applicable charges.
15.3 The Company reserves the right to refuse the execution of pending order and/or modify the opening/closing price of an order if a technical or other error occurs.
15.4 The Client accepts that the Company may refuse to execute an Order for trading financial instruments in accordance with this paragraph.
15.5 The Client accepts that if the Company were to refuse the execution of a Client’s order, under this paragraph, the obligations of the Client under the Agreement shall remain unaffected.
15.6 The Client relies on third party liquidity providers for prices and available volume, therefore execution of the Client’s orders will depend on the pricing and available liquidity of the providers. The Company reserves the right to decline an order of any type including but not limited to Market Order, Buy Limit, Sell Limit, Sell Stop, Buy Stop, Stop Loss and Take Profit on Financial Instrument. The price, at which an Order is executed at, may vary significantly from original requested price during abnormal market conditions. This may occur, for example, at the following but not limited cases:
(a) during Market opening times;
(b) during news times;
(c) during volatile periods where prices may move significantly up or down and away from the declared price;
(d) where there is rapid price movement, of the price rises or falls in one trading session to such an extent that under the rules of the relevant exchange or Market, trading is suspended or restricted;
(e) if there is sufficient liquidity for the execut...
REFUSAL TO EXECUTE ORDERS. The Company reserves the right, at any time during its relationship with the Client and at its own discretion, to refuse the provision of any investment or ancillary service, including but not limited to the execution of instructions for the purpose of trading in Financial Instruments, without giving any notice and/or explanation to the Client. Among the cases that the Company is entitled to do so are the following (the list is not exhaustive):
i. If the Client does not have the required funds deposited in the Company’s Client trading account;
ii. Whenever the Company is of the opinion that the order violates the smooth operation or the reliability of the Company’s Trading Platform;
iii. Whenever the Company is of the opinion that the order aims at manipulating the market of the specific Financial Instrument;
iv. Whenever the Company is of the opinion that the order is a result of the use of inside confidential information (xxxxxxx xxxxxxx);
v. Whenever the Company is of the opinion that the order aims to legalise the proceeds from illegal acts or activities (money laundering). The Company reserves the right to refuse the execution of a pending order and/or modify the opening/closing price of an order in case a technical or any other type of error occurs. The Client accepts that any refusal by the Company to execute any of his/her Order shall be without prejudice and shall not affect any obligation which the Client may have towards the Company or any right which the Company may have against the Client or his assets. The Client accepts and acknowledges that the Company is not responsible in case a Client’s order is delayed or not even executed at the price
REFUSAL TO EXECUTE ORDERS. 7.1 The Customer acknowledges that the Company shall have the right, at any time and for any reason and without giving any notice and/or explanation, to refuse, at its discretion, to execute any Order, including without limitation in the following cases:
i. Whenever the Company deems that the execution of the Order aims at or may aim at manipulating the market of the Financial Instruments; constitutes an abusive exploitation of privileged confidential information (xxxxxxx xxxxxxx); contributes to the legalization of proceeds from illegal acts or activities (money laundering); and/or affects or may affect in any manner the reliability or smooth operation of the Electronic Trading Platform;
ii. Whenever the Order concerns the purchase of any Financial Instrument but there are no available cleared funds deposited with the Company and/or in the Bank Account (as in Paragraph 9 below) to pay the purchase price of the relevant Financial Instrument and all the charges relating to the said Trading Platform. In calculating the said available funds, all funds required to meet any of the Customer’s obligations include, but without limitation, obligations which may arise from the possible execution of other previously registered purchase Orders, which will be deducted from the cleared funds deposited with the Company and/or in the Bank Account; The Company is not obliged to give reasons or notice as to the reasons for suspending, declining or cancelling Customer’s orders or instructions. Moreover, in the event that the Company does decide to suspend or cancel an instruction, such cancellation will not affect any obligation which the Customer may have towards the Company or any right which the Company may have against the Customer or his assets.
7.2 The Customer declares that he shall not knowingly give any order or instruction to the Company that might instigate the Company taking action in relation to Paragraph 7.1 above.
REFUSAL TO EXECUTE ORDERS. 11.1 The Company has the right, at any time and for any reason and without giving any notice and/or explanation, to refuse, at its discretion, to execute any order or request or instruction of the client, including without limitation in the following cases: • If the Company has adequate reasons to suspect that the execution of an order is part of an attempt to manipulate the market, trading on inside information, relates to money laundering activities or if it can potentially affect in any manner the reliability, efficiency, or smooth operation of the trading platform. • If the client does not have sufficient available funds deposited with the Company or in his bank account to pay the purchase price of the order along with the respective fees and commissions necessary to carry out the transaction in the trading platform. If the Company does refuse to execute an order, such refusal will not affect any obligation which the client may have towards the Company or any right which the Company may have against the client or his assets.
11.2 The Client declares that he shall not knowingly give any order or instruction to the Company that might instigate the Company taking action in accordance with Paragraph 11.1 above.
REFUSAL TO EXECUTE ORDERS. 17.1. The Company has the right, at any time and for any reason and without giving any notice and/or explanation, to refuse, at its discretion, to execute any Order, including without limitation in the following cases: • If you fail to provide to the Company with any documents requested from you either for client identification purposes or for any other reason. • If the Company suspects or has concerns that the submitted documents may be false or fake. • If you do not have the required funds deposited in your Account. • If the Company is informed that your credit or debit card (or any other payment method used) has been lost or stolen. • If the Company considers that there is a chargeback risk. • If the Company has adequate reasons to suspect that the execution of an Order is part of an attempt to manipulate the market, trading on inside information, relates to money laundering activities or if it can potentially affect in any manner the reliability, efficiency, or smooth operation of the Trading Platform. • If you do not have sufficient available funds deposited with the Company or in your bank account to pay the purchase price of an Order along with the respective fees and commissions necessary to carry out the transaction in the Trading Platform. If the Company does refuse to execute an order, such refusal will not affect any obligation which you may have towards the Company or any right which the Company may have against you or your assets.
17.2. It is understood that any refusal by the Company to execute any order shall not affect any obligation which you may have towards the Company or any right which the Company may have against you or your assets.
17.3. You declare that you shall not knowingly give any Order or instruction to the Company that might instigate the Company taking action in accordance with the paragraph 17.1 above.
REFUSAL TO EXECUTE ORDERS. 11.1 The Client acknowledges and accepts that the Company shall have the right, to refuse to execute any Order, amongst others in any of the following cases:
(a) Whenever the Company deems that the execution of the Order aims at or may aim at manipulating the market of the Underlying Assets, constitutes an abusive exploitation of privileged confidential information (xxxxxxx xxxxxxx); contributes to the legislation of proceeds from illegal acts or activities (money laundering); affects or may affect in any manner the reliability or smooth operation of the Platform;
(b) In calculating the said available funds, all funds required to meet any of the Client's obligations include, but without limitation, obligations which may arise from the possible execution of other previously registered purchase Orders, which will be deducted from the cleared funds deposited with the Company;
(c) Internet connection or communications are disrupted;
(d) In consequence of request of regulatory or supervisory authorities of South Africa or a court order or antifraud or anti-money laundering authorities;
(e) Where the legality or genuineness of the Order is under doubt;
(f) A Force Majeure Event has occurred;
(g) In an Event of Default of the Client, as stated below in paragraph 12
(h) The Company has sent a notice of Termination of the Agreement to the Client;
(i) The Platform rejects the Order due to trading limits imposed;
(j) Under Abnormal Market Conditions;
(k) The Client does not hold adequate funds in his Balance for the specific Order.
(l) Prohibition to trade any specific Trading Instrument from Liquidity provider and/or Underlying Market from time to time.
11.2 In case any Order either to Open or Close a position concerning any Financial Instrument, has been mistakenly accepted and/or executed by the Company, the Company will make every effort to maintain the Client's original position. Any charges, losses or profits incurred from the actions above, will be absorbed by the Company.
REFUSAL TO EXECUTE ORDERS. The Company has the right, at any time and for any reason and without giving any notice and/or explanation, to refuse, at its discretion, to execute any Order, including without limitation in the following cases:
a. If the Company has adequate reasons to suspect that the execution of an Order is part of an attempt to manipulate the market, trading on inside information, relates to money laundering activities or if it can potentially affect in any manner the reliability, efficiency, or smooth operation of the Trading Platform.
b. If the Client does not have sufficient available funds deposited with the Companyor in his bank account to pay the purchase price of an Order along with the respective fees and commissions necessary to carry out the transaction in the Trading Platform.
c. In the event that the Company does refuse to execute an order, such refusal will not affect any obligation which the Client may have towards the Company or any right which the Company may have against the Client or his assets.
d. The Client declares that he shall not knowingly give any Order or instruction to the Company that might instigate the Company taking action in accordance with Paragraph 12.1 above.
