Stop Out. 4.1 The Company has the right (but is not obliged) to forcibly close the Client's open positions without prior notification of the latter, if the current state of the trading account (equity) is less than 15% of the required margin to maintain open positions. 4.2 The current state of the account is controlled by the server, which, if condition 4.1 is fulfilled, generates an order for the forced closing of the position (stop out). 4.3 If the Client has several open positions, the position with the largest floating losses is closed first. 4.4 The Company guarantees that after the last position is closed, the trading account will have a balance in the range from 0 to 15% of the margin required to maintain this last forcedly closed position (limiting the Client's risk).
Appears in 3 contracts
Sources: Client Agreement, Client Agreement, Client Agreement