Common use of MARGIN TRADES Clause in Contracts

MARGIN TRADES. 8.1 On the date of the opening of a Margin Trade between Tickmill Asia Ltd and the Client, Tickmill Asia Ltd may require the Client to have margin on the Account at least equivalent to Tickmill Asia Ltd's initial margin requirement. 8.2 Tickmill Asia Ltd’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient margin is available on the Account at any time. If practicably possible Tickmill Asia Ltd shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover Tickmill Asia Ltd's margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to Tickmill Asia Ltd. Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to Tickmill Asia Ltd, Tickmill Asia Ltd may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 If Tickmill Asia Ltd due to insufficient margin, cf. Clause 8.2, may close one, several or all of the Client's Margin Trades, the Client shall expect, unless otherwise agreed and confirmed by Tickmill Asia Ltd that all of the Client's open Margin Trades will be closed. 8.4 The Client understands and agrees that Tickmill Asia Ltd may optimize a “Dynamic Leverage” tool to adjust the client’s leverage. “Dynamic Leverage”, is a mechanism that’s used to adapt the amount of leverage based on Client’s specific trade position. The amount of leverage for Cient’s trade is based on the leverage ratio. This measures the total exposure compared to the capital needed, also known as a margin. The Client understands and agrees that dynamic leverage, automatically adjusts depending on the notional volume of Client’s trade. Thus, the higher the volume of Client’s trade, the lower the leveraged amount – and vice versa. The Client understands and agrees that the higher amounts of leverage create more risk for the Client and may also result in larger profits but also larger losses, if not all loss on invested amount(s), as such Client accepts the high risk related to trading with high leverage, including the acceptance that dynamic leverage may automatically adopt to the amount of leverage required in real time, based on trading positions, and may differ depending on volume and/or type of instrument traded and/or risk profile associated with relevant financial instrument or asset class. 8.5 If the Client has opened more than one Account, Tickmill Asia Ltd is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.6 Tickmill Asia Ltd’s general margin requirements for different types of Margin Trades are displayed on Tickmill Asia Ltd's web site. However, Tickmill Asia Ltd reserves the right to determine specific margin requirements for individual Margin Trades. 8.7 The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, Tickmill Asia Ltd is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to Tickmill Asia Ltd's rights under this Agreement. However, Tickmill Asia Ltd will increase the margin requirements if Tickmill Asia Ltd considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.

MARGIN TRADES. 8.1 On the date of the opening of a Margin Trade between Tickmill Asia Ltd and the Client, Tickmill Asia Ltd may require the Client to have margin on the Account at least equivalent to Tickmill Asia Ltd's initial margin requirement. 8.2 Tickmill Asia Ltd’s margin requirement shall apply throughout the term of the Margin Trade. It is the Client's responsibility continuously to ensure that sufficient margin is available on the Account at any time. If practicably possible Tickmill Asia Ltd shall notify the Client if the margin requirements are not met. If, at any time during the term of a Margin Trade, the margin available on the Account is not sufficient to cover Tickmill Asia Ltd's margin requirement, the Client is obliged to reduce the amount of open Margin Trades or transfer adequate funds to Tickmill Asia Ltd. Even if the Client takes steps to reduce the size of open Margin Trades or to transfer sufficient funds to Tickmill Asia Ltd, Tickmill Asia Ltd may close one, several or all of the Client's Margin Trades or part of a Margin Trade and/or liquidate or sell securities or other property at the Client's account at its sole discretion without assuming any responsibility towards the Client for such action. 8.3 If Tickmill Asia Ltd due to insufficient margin, cf. Clause 8.2, may close one, several or all of the Client's Margin Trades, the Client shall expect, unless otherwise agreed and confirmed by Tickmill Asia Ltd that all of the Client's open Margin Trades will be closed. 8.4 The Client understands and agrees that Tickmill Asia Ltd may optimize a “Dynamic Leverage” tool to adjust the client’s leverage. “Dynamic Leverage”, is a mechanism that’s used to adapt the amount of leverage based on Client’s specific trade position. The amount of leverage for Cient’s trade is based on the leverage ratio, that being 1:500. This measures the total exposure compared to the capital needed, also known as a margin. The Client understands and agrees that dynamic leverage, automatically adjusts depending on the notional volume of Client’s trade. Thus, the higher the volume of Client’s trade, the lower the leveraged amount – and vice versa. The Client understands and agrees that the higher amounts of leverage create more risk for the Client and may also result in larger profits but also larger losses, if not all loss on invested amount(s), as such Client accepts the high risk related to trading with high leverage, including the acceptance that dynamic leverage may automatically adopt to the amount of leverage required in real time, based on trading positions, and may differ depending on volume and/or type of instrument traded and/or risk profile associated with relevant financial instrument or asset class. 8.5 If the Client has opened more than one Account, Tickmill Asia Ltd is entitled to transfer money or Security from one Account to another, even if such transfer will necessitate the closing of Margin Trades or other trades on the Account from which the transfer takes place. 8.6 Tickmill Asia Ltd’s general margin requirements for different types of Margin Trades are displayed on Tickmill Asia Ltd's web site. However, Tickmill Asia Ltd reserves the right to determine specific margin requirements for individual Margin Trades. 8.7 The Client is specifically made aware that the margin requirements are subject to change without notice. When a Margin Trade has been opened, Tickmill Asia Ltd is not allowed to close the Margin Trade at its discretion but only at the Client's instruction or according to Tickmill Asia Ltd's rights under this Agreement. However, Tickmill Asia Ltd will increase the margin requirements if Tickmill Asia Ltd considers that its risk on a Margin Trade has increased as compared to the risk on the date of the opening.