Common use of Auto-Liquidation Clause in Contracts

Auto-Liquidation. AvaTrade offers a platform(s) with functionality that allows for AvaTrade, in its sole discretion, to automatically liquidate positions in margin-deficient accounts. Customer acknowledges and agrees that trading will be subject to auto-liquidation, without notice, at AvaTrade’s sole discretion. Customer further acknowledges that auto-liquidation does not offer price certainty for existing positions nor does it create a “floor” or “limit” on potential trading losses. When possible, AvaTrade recommends that Customers submit orders to exit open positions.

Appears in 2 contracts

Sources: Customer Agreement, Customer Agreement

Auto-Liquidation. AvaTrade offers a platform(s) with functionality that allows for AvaTrade, in its sole discretion, to automatically liquidate positions in margin-deficient accounts. Customer acknowledges and agrees that trading will be subject to auto-liquidation, without notice, at AvaTrade’s sole discretion. Customer further acknowledges that auto-liquidation does not offer price certainty for existing positions nor does it create a “floor” or “limit” on potential trading losses. When possible, AvaTrade ▇▇▇▇▇▇▇▇ recommends that Customers submit orders to exit open positions.

Appears in 1 contract

Sources: Customer Agreement