for cryptocurrencies Clause Samples
The 'for cryptocurrencies' clause defines how cryptocurrencies are to be treated or used within the context of an agreement. It typically specifies which digital assets are covered, how transactions involving cryptocurrencies are to be conducted, and any special procedures or limitations that apply, such as accepted types of cryptocurrencies or conversion rates. This clause ensures clarity and sets expectations for both parties regarding the handling of cryptocurrencies, addressing potential uncertainties and reducing the risk of disputes related to digital asset transactions.
for cryptocurrencies. Introduction of a margin close-out, when the clients’ funds fall to 50% of the margin needed to maintain their open positions on their CFD account. The Company performs a margin close out rule on a per account basis. Specifically, once the margin level reaches 50% of minimum required margin, the company shall close out one or more retail client’s open CFDs. Introduction of a negative balance protection per account basis, so that retail clients cannot lose more than the total funds in their trading account. Prohibition from offering cash or other inducements to encourage retail clients to trade; and, Requirement to provide standardised risk warnings informing potential customers the percentage of their retail client accounts. Type of Underlying Instrument Margin Requirements Leverage Limit Major Currency Pairs 3,33% 30:1 Non-major Currency pairs, gold and major indices 5% 20:1 Commodities other than gold and non- major equity index 10% 10:1 For individual equities and other reference values 20% 5:1 Crypto assets 50% 2:1
for cryptocurrencies. 7.3. The above measures will apply in the case where the Client is a resident of Cyprus or a Member State where the National Competent Authority of that Member State has not introduced National Product Intervention Measures. The Company will ensure that product intervention measures in relation to the leverage limits determined by Member States which introduced different national measures, are implemented For more information on the leverage offered in all instruments offered by the Company please refer to our website.
7.4. Using leverage increases the loss potentials. For example, for a trading position with leverage 1:30, a favorable/adverse market movement of 0.5% will result in a 15% increase or loss respectively.
7.5. The Company has the right to change the Trading Account leverage (i.e. lower leverage to be provided) without prior notice, according to the conditions described on the Website of the Company ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.
7.6. An automatic change in Leverage pursuant to the rules established by the Company, as well as a change in Leverage made by the Client through his/her Personal Area will result in a recalculation of the Margin requirements for all of the Client's positions.
7.7. The Company has the right:
(a) To dynamically lower the leverage level on the Client trading accounts if the Company has ascertained that doing so will mitigate risks arising from extreme market movements due to significant events or announcements. This change will affect open transactions as well as the transactions to be opened after the announcement of lowering of the leverage level, which will be notified by the Company in a durable medium such as email.
(b) To limit the level of the offered leverage and/or to increase the size of Margin requirements before macroeconomic events and/or news capable of significantly affecting the prices of financial instruments.
(c) To limit the level of the offered leverage and/or to increase the size of Margin requirements in order to comply with any necessary regulatory requirements that fall within the Company's jurisdiction or within the jurisdiction of the Client.
7.8. The leverage cannot be changed to a higher level than the maximum levels prescribed per product type by current regulations.
7.9. The Client shall provide and maintain margin in accordance with the terms of the Agreement to secure the Client’s obligations to the Company and satisfy the provisions of the Applicable Laws and Regulations. The margin shall be paid ...
for cryptocurrencies. The above measures will apply in the case where the Client is a resident of Cyprus or a Member State where the National Competent Authority of that Member State has not introduced National Product Intervention Measures. The Company will ensure that product intervention measures in relation to the leverage limits determined by Member States which introduced different national measures, are implemented For more information on the leverage offered in all instruments offered by the Company please refer to our website.