Common use of MARGIN AND LEVERAGE Clause in Contracts

MARGIN AND LEVERAGE. ▇▇.▇. ▇▇ a condition of entering into a Transaction, you need to satisfy our Margin requirements, which is calculated by us as the initial Margin. We may decline to open any Transaction if you do not have sufficient Margin in your Account at the time the relevant order is placed. Further detail on the Margin requirements is available under clause 11.9. 12.2. The Client may execute a Transaction and, in some cases, submit an Order provided that he submits the Margin in the amount as required for the size of the Order placed by the Client and available liquidity level. 12.3. The Client must ensure they have enough margin for any open Transaction and taking into consideration realised and unrealised profit & loss on the account. If there is any shortfall, between the account balance and profit & loss, the Client may be required to deposit additional funds to keep their positions open. 12.4. The Margin level shall be determined in accordance with the Condition Tables and the amount of Margin determined in that manner shall be blocked on the Client’s particular Trading Account. 12.5. Where there is an Open Position on the Trading Account, the Free Margin shall be reduced/adjusted for the OTC Derivative as specified. 12.6. If the Equity or the Balance of the Trading Account falls below a certain value, the Client authorises the Company to close some or all of Client’s Open Positions in accordance with the rules specified in this GTC, without the Client’s prior consent. Such actions shall not be deemed as actions taken against the Client’s will or actions undertaken to the detriment of the Client and the Company shall be deemed to have acted on the authority of the Client. The Client hereby authorizes the Company to close any Transaction in the circumstances described in this clause 11.6. 12.7. A settlement of the Client’s Transaction closed pursuant to clause 11.6 shall be reflected in the relevant Trading Account. 12.8. The Client shall be obliged to constantly monitor the amount of the required Margin and the amount of additional funds that must be kept on the relevant Account in respect of Open Positions held by the Client from time to time. 12.9. Different Margin requirements may apply to different Accounts and/or Financial Instruments traded, therefore, the initial margin for such activities would fluctuate depending on the Transaction size. Further information on the different margin requirements, as amended from time to time, can be found on our Website at: ▇▇▇.▇▇▇.▇▇▇/▇▇. 12.10. All Margin and other payments due by you to us pursuant to this GTC shall be made in freely transferable funds in such currency and to such bank account(s) as we specify. If you are by law required to make any deduction or withholding in respect of taxes or otherwise, then you will be liable to pay such amount to us as will result in our receiving a net amount equal to the full amount which would have been received had no such deduction or withholding been required. 12.11. We may, in our reasonable discretion, change our Margin requirements at any time as it is described in GTC, Orders Execution Policy and other documents binding you. 12.12. We may, in our reasonable discretion, temporarily require higher Margin (compared to thenormal Margin requirements of the Client’s account) for any specific or all financial instruments in the cases of market disruption which are described in Orders Execution Policy and Margin Table: a) Prior to and/or during Friday market closure; b) Prior and/or during any other market closure for any specific or all financial instruments; c) Prior and/or during to any major news announcements, such as, but not limited to, the Nonfarm Payroll announcement made by the United States Department of Labour; and/or d) Prior and/or during any anticipated abnormal market conditions and/or market disruptions. 12.13. The above temporary increases to the Margin requirements are only intended to affect new Orders placed following the implementation of the new Margin requirements and will not affect any Orders which have been placed prior to the implementation of the new Margin requirements. 12.14. The Company may from time to time amend the leverage ratios (i.e., decrease the leverage ratios) in its sole discretion and without any notice on a case-by-case basis on all or any Accounts of the Client and based on any parameter it chooses, including applying different leverage ratios to different investments or times or in relation to external events such as government announcements or any news. Any change in the leverage ratio may take effect before or after an Order is completed. A decrease in the leverage ratio will affect your Margin Level, Margin Call Level, Stop-out Level and may trigger a Margin Call. We will not be liable to you for any loss arising from any change in the leverage ratios, even if that automatically causes any or all of your trading positions to be closed out. Any monitoring by the Company is for its compliance and risk management and you should not rely on the Company to monitor your trading or the effect of any change in the leverage ratios applying to your Account.

MARGIN AND LEVERAGE. ▇▇.▇. ▇▇ a condition of entering into a Transaction7.1 The Client shall fund and maintain, you need to satisfy our Margin requirementsvia advance payments, which is calculated by us as the initial Marginand/or hedged margin in the amount determined by the Company in accordance with the terms of the Client's account type. We may decline These sums shall be in the form of cleared funds to open any Transaction if you do not have sufficient Margin in your Account at be transferred to the time the relevant order is placed. Further detail on the Margin requirements is available under clause 11.9Company's electronic currency or bank accounts. 12.27.2 The Company shall hold the Client's funds in trust in its bank accounts. Any money received by the Company for the Client's account shall be owed by the Company to the Client even where the Company may be acting as agent. The Client shall not have proprietary claim over the funds transferred to the Company; the Company may execute deal with the funds at its own discretion. The Company shall transfer an equivalent amount of money back to the Client where, at the Company's discretion, it considers that the amount of money the Client has transferred to the Company exceeds the amount necessary to cover the Client's present and future obligations to the Company. 7.3 The Client shall pay initial and/or hedged margin upon opening a Transaction and, in some cases, submit an Order provided that he submits the Margin position. The amount of initial and hedged margin for each instrument is detailed in the amount as required for contract specifications. 7.4 The Company reserves the size right to change the Leverage or Margin Requirements of a Trading Account at any time. 7.5 The Company reserves the right, but is not obliged, to close the Client's open positions without consent or prior written notification if the account Equity falls below 100% of the Order placed by Necessary Margin. This is known as a Margin Stop-Out and is intended to protect the Client and available liquidity levelfrom the risk of a negative balance within all reasonable efforts. 12.37.6 The order in which the open positions will be closed in a Margin Stop-Out shall be at the sole discretion of the Company. 7.7 By applying for an account with the Company, the Client acknowledges and agrees that he/she/it understands and is fully aware of the risks involved in trading over-the-counter foreign exchange contracts, CFD contracts, and similar financial products. 7.7.1 The Client understands and accepts the risks associated with the effect of "leverage" or "gearing" in any account in which instruments are traded on margin. 7.7.1.1 When executing trading operations under margin trading conditions, even small market movements may have great impact a Client’s trading account due to the effect of leverage. The Client must ensure they have enough margin for any consider that if the market trends against an open Transaction and taking into consideration realised and unrealised profit & loss on position in the account. If there is any shortfall, between the account balance and profit & lossClient's Account, the Client may sustain a total loss of the initial margin and any additional funds deposited to maintain open positions. The Client shall hold full responsibility for all risks, financial resources used, and the Client's chosen trading strategy. 7.7.1.2 While the Company offers account options with high maximum leverage, the Client must acknowledge that an account's maximum leverage is offered only as a freedom of choice and is not a recommendation of any kind. The Company suggests that all Clients conduct research on risk management (or "money management") concepts and the use of Stop-Loss orders to limit losses. 7.7.2 The Client understands that many instruments are traded within wide ranges of short-term price movements so the Client must carefully consider the fact that there is not only a high potential for profit but also a high risk of loss. 7.7.3 The Client understands and accepts the technical risks associated with trading using electronic systems such as the Company's trading platform and client terminal software. 7.7.3.1 The Client accepts the risks that he/she may be required to deposit additional funds to keep their positions openassume the risk of financial loss caused by the failure of information, communication, electronic and other systems. 12.4. The Margin level shall be determined in accordance with 7.7.3.2 When executing trading operations through the Condition Tables and the amount of Margin determined in that manner shall be blocked on the Client’s particular Trading Account. 12.5. Where there is an Open Position on the Trading Account, the Free Margin shall be reduced/adjusted for the OTC Derivative as specified. 12.6. If the Equity or the Balance of the Trading Account falls below a certain valueclient terminal, the Client authorises shall assume the Company to close some or all risk of Client’s Open Positions in accordance with financial loss, which can be caused by: a) the rules specified in this GTC, without the Client’s prior consent. Such actions shall not be deemed as actions taken against the Client’s will or actions undertaken to the detriment of the Client and the Company shall be deemed to have acted on the authority failure of the Client. The Client hereby authorizes 's hardware, software and internet connection; b) the Company to close any Transaction in the circumstances described in this clause 11.6. 12.7. A settlement improper operation of the Client’s Transaction closed pursuant to clause 11.6 shall be reflected in the relevant Trading Account. 12.8. The Client shall be obliged to constantly monitor the amount of the required Margin and the amount of additional funds that must be kept on the relevant Account in respect of Open Positions held by the Client from time to time. 12.9. Different Margin requirements may apply to different Accounts and/or Financial Instruments traded, therefore, the initial margin for such activities would fluctuate depending on the Transaction size. Further information on the different margin requirements, as amended from time to time, can be found on our Website at: ▇▇▇.▇▇▇.▇▇▇/▇▇. 12.10. All Margin and other payments due by you to us pursuant to this GTC shall be made in freely transferable funds in such currency and to such bank account(s) as we specify. If you are by law required to make any deduction or withholding in respect of taxes or otherwise, then you will be liable to pay such amount to us as will result in our receiving a net amount equal to the full amount which would have been received had no such deduction or withholding been required. 12.11. We may, in our reasonable discretion, change our Margin requirements at any time as it is described in GTC, Orders Execution Policy and other documents binding you. 12.12. We may, in our reasonable discretion, temporarily require higher Margin (compared to thenormal Margin requirements of the Client’s account) for any specific or all financial instruments in the cases of market disruption which are described in Orders Execution Policy and Margin Table: a) Prior to and/or during Friday market closure; b) Prior and/or during any other market closure for any specific or all financial instrumentsequipment; c) Prior and/or during to any major news announcements, such as, but not limited to, the Nonfarm Payroll announcement made by wrong settings in the United States Department of Labour; and/orclient terminal; d) Prior and/or during any anticipated delayed client terminal updates; e) the Client's ignorance of the applicable rules described in documentation provided by the Company or the developers of the client terminal software. 7.7.3.3 The Client acknowledges that at the moment of peak load there may be difficulties in attaining telephone communication with the operator on duty, especially in a fast market (for example, when key economic indicators are released). 7.7.4 The Client shall acknowledge that under abnormal market conditions and/or market disruptionsconditions, the execution time for Client instructions may increase. 12.137.7.5 The Client accepts the risks associated with the use of the Trading Platform 7.7.5.1 The Client shall acknowledge that only one request or instruction is allowed in the queue. Once the Client has sent a request or an instruction, any other request or instruction sent by the Client will be ignored. In the "Order" window, an "Order is locked" or similar message may appear. 7.7.5.2 The Client shall acknowledge that the only reliable source of quoting information is the server for Clients with live accounts. The above temporary increases quote base in the client terminal shall not be considered a reliable source of quoting information, as in the case of a bad connection between the client terminal and the server, some of the quotes may fail to reach the client terminal. 7.7.5.3 The Client shall acknowledge that when the Client closes the window to place/modify/delete an order, as well as the window in which to open/close a position, the instruction or request that has been sent to the Margin requirements are only intended to affect new Orders placed following the implementation of the new Margin requirements and will not affect any Orders which have been placed prior to the implementation of the new Margin requirements. 12.14. The Company may from time to time amend the leverage ratios (i.e., decrease the leverage ratios) in its sole discretion and without any notice on a case-by-case basis on all or any Accounts of the Client and based on any parameter it chooses, including applying different leverage ratios to different investments or times or in relation to external events such as government announcements or any news. Any change in the leverage ratio may take effect before or after an Order is completed. A decrease in the leverage ratio will affect your Margin Level, Margin Call Level, Stop-out Level and may trigger a Margin Call. We Liquidity Provider will not be liable to you for any loss arising from any change cancelled. 7.7.5.4 The Client shall assume the risk of executing unplanned transactions in the leverage ratiosevent the Client sends another instruction before receiving the result from the instruction sent previously. 7.7.5.5 The Client shall acknowledge that if an order has already been executed but the Client sends an instruction to modify the level of a pending order and the levels of Stop-Loss and/or Take-Profit orders at the same time, even if the only instruction that automatically causes any or all of your trading positions will be executed is the instruction to be closed out. Any monitoring by modify the Company is for its compliance and risk management and you should not rely Stop-Loss and/or Take-Profit levels on the Company to monitor your trading or the effect of any change in the leverage ratios applying to your Accountposition opened with that order.