Common use of Mandatory position closure Clause in Contracts

Mandatory position closure. 3.6.1. If Margin level is lower than 40% (lower than 100% for Cryptocurrencies) on the Client account, margin call occurs. The Company is entitled but not liable to close Client positions. Decision to close positions is made by the server. 3.6.2. The Company is entitled to mandatory closing of Client open positions without prior notification of the latter one, if a Margin level is less than or equal to 20% (80% for Cryptocurrencies) of the necessary margin for maintaining open positions. 3.6.3. The current account balance is controlled by the server, which in the event of execution of P. 3.6.2. of the present Agreement generates an order to stop out. Stop out is executed at a current market quote on a first -come basis with Client orders. Mandatory position closure is noted in the log-file of the server with a notice “stop out”. 3.6.4. In the event of executing conditions of P. 3.6.2. of the present Agreement shall the Client have several open positions, the first position closed is the one with biggest floating loss. 3.6.5. When after a mandatory position closure the Client, account has a negative balance, compensation is added to the account, which sets the account to zero. However in special cases (when the Company considers Client’s actions as intentional) the Company reserves the right to claim a debt payment from the Client. 3.6.6. In case the Company has reasons to believe that a Client operates two or more accounts under different registration data (e.g. opening opposite orders on the same trading instrument that are left open over the weekend or during the period between trading sessions), FBS reserves the right to deduct the losses exceeding the balance of one account from the funds of another account belonging to a Client. 3.6.7. In case Balance fixed occurs on a client’s account, the amount of funds compensated by the company will be deducted from the total sum of the Cashback commission to be paid for the current day.

Mandatory position closure. 3.6.1. If the Margin level is lower than 40% (lower than 100% for Cryptocurrenciescrypto-based CFD or lower than 30% in Pro accounts) on the Client in a client’s account, a margin call occurs. The Company is entitled but not liable to close Client positions. Decision The decision to close positions is made by the server. 3.6.2. The Company is entitled to mandatory closing of mandatorily close open Client open positions without prior notification of the latter one, if a Margin level is less than or equal to 20% (80% for Cryptocurrenciescrypto-based CFD instruments) of the margin necessary margin for maintaining to maintain open positions. 3.6.3. The current account balance is controlled by the server, which in the event of execution of P. 3.6.2. of the present Agreement generates an order to stop out. Stop out is executed at a current market quote on a first -come basis with Client orders. Mandatory position closure is noted in the log-file of the server with a notice “stop out”. 3.6.4. In the event of executing conditions of P. 3.6.2. of the present Agreement shall the Client have several open positions, the first position closed is the one with biggest floating loss. 3.6.5. When If the Client's account has a negative balance after a mandatory position closure the Client, account has a negative balanceclosure, compensation is will be added to the account, which sets setting the account to zero. However However, in special exceptional cases (when the Company considers the Client’s actions as intentional) ), the Company reserves the right to claim demand a debt payment from the ClientClient in the amount equal to the compensation added to the account. 3.6.6. In case the Company has reasons to believe that a Client operates two or more accounts under different registration data (e.g. opening opposite orders on the same trading instrument that are left open over the weekend or during the period between trading sessions), FBS reserves the right to deduct the losses exceeding the balance of one account from the funds of another account belonging to a Client. 3.6.7. In case Balance fixed occurs on a client’s account, the amount of funds compensated by the company will be deducted from the total sum of the Cashback commission to be paid for the current day.

Mandatory position closure. 3.6.1. If Margin level is lower than 40% (lower than 100% for Cryptocurrencies) on the Client account, margin call occurs. The Company is entitled but not liable to close Client positions. Decision to close positions is made by the server. 3.6.2. The Company is entitled to mandatory closing of Client open positions without prior notification of the latter one, if a Margin level is less than or equal to 20% (80% for Cryptocurrencies) of the necessary margin for maintaining open positions. 3.6.3. The current account balance is controlled by the server, which in the event of execution of P. 3.6.2. of the present Agreement generates an order to stop out. Stop out is executed at a current market quote on a first -come - come basis with Client orders. Mandatory position closure is noted in the log-file of the server with a notice “stop out”. 3.6.4. In the event of executing conditions of P. 3.6.2. of the present Agreement shall the Client have several open positions, the first position closed is the one with biggest floating loss. 3.6.5. When after a mandatory position closure the Client, account has a negative balance, compensation is added to the account, which sets the account to zero. However in special cases (when the Company considers Client’s actions as intentional) the Company reserves the right to claim a debt payment from the Client. 3.6.6. In case the Company has reasons to believe that a Client operates two or more accounts under different registration data (e.g. opening opposite orders on the same trading instrument that are left open over the weekend or during the period between trading sessions), FBS reserves the right to deduct the losses exceeding the balance of one account from the funds of another account belonging to a Client. 3.6.7. In case Balance fixed occurs on a client’s account, the amount of funds compensated by the company will be deducted from the total sum of the Cashback commission to be paid for the current day.

Mandatory position closure. 3.6.1. If the Margin level is lower than 40% (lower than 100% for Cryptocurrenciescrypto-based CFD) on the Client in a client’s account, a margin call occurs. The Company is entitled but not liable to close Client positions. Decision The decision to close positions is made by the server. 3.6.2. The Company is entitled to mandatory closing of mandatorily close open Client open positions without prior notification of the latter one, if a Margin level is less than or equal to 20% (80% for Cryptocurrenciescrypto-based CFD instruments) of the margin necessary margin for maintaining to maintain open positions. 3.6.3. The current account balance is controlled by the server, which in the event of execution of P. 3.6.2. of the present Agreement generates an order to stop out. Stop out is executed at a current market quote on a first -come basis with Client orders. Mandatory position closure is noted in the log-file of the server with a notice “stop out”. 3.6.4. In the event of executing conditions of P. 3.6.2. of the present Agreement shall the Client have several open positions, the first position closed is the one with biggest floating loss. 3.6.5. When If the Client's account has a negative balance after a mandatory position closure the Client, account has a negative balanceclosure, compensation is will be added to the account, which sets setting the account to zero. However However, in special exceptional cases (when the Company considers the Client’s actions as intentional) ), the Company reserves the right to claim demand a debt payment from the ClientClient in the amount equal to the compensation added to the account. 3.6.6. In case the Company has reasons to believe that a Client operates two or more accounts under different registration data (e.g. opening opposite orders on the same trading instrument that are left open over the weekend or during the period between trading sessions), FBS reserves the right to deduct the losses exceeding the balance of one account from the funds of another account belonging to a Client. 3.6.7. In case Balance fixed occurs on a client’s account, the amount of funds compensated by the company will be deducted from the total sum of the Cashback commission to be paid for the current day.