General Trading Conditions. 11.6.1. The Company shall receive, execute and transmit all Orders strictly in accordance with the Trading Conditions and in accordance with its Order Execution Policy. The Company will have no responsibility for checking the accuracy or the logic of any Order. 11.6.2. The Client is responsible to any loss, damage, claim or expense incurred by the Company for following or attempting to follow any of the Orders and shall indemnify the Company, its officers, directors and employees for any such loss, damage, claim or expense. 11.6.3. Upon closing a CFD Transaction, and subject to any applicable adjustments for interest and dividends in accordance with this Agreement: 11.6.3.1 The Company will pay the Client any Profits, which are calculated based on the difference between the price in which the Transaction was opened and the price in which the Transaction was closed, multiplied by the number of units of the Underlying Asset that comprise the Transaction if the Transaction is: (a) a long Transaction and the Transaction’s closing price is higher than its opening price; or (b) a short Transaction and the Transaction’s closing price is lower than its opening price; and 11.6.3.2 The Client will pay the Company any Losses, which are calculated based on the difference between the price in which the Transaction was opened and the price in which the Transaction was closed, multiplied by the number of units of the Underlying Asset that comprise the Transaction if the Transaction is: (a) a long Transaction and the Transaction’s closing price is lower than its opening price; or (b) a short Transaction and the Transaction’s closing price is higher than its opening price. 11.6.4. Upon the closing of a Position, the Company shall convert the realized profit or loss into the Client’s Account base currency at Company’s prevailing currency exchange Bid or Ask Prices at the time of such closing.
Appears in 3 contracts
Sources: Client Agreement, Client Agreement, Client Agreement
General Trading Conditions. 11.6.1. The Company shall receive, execute and transmit all Orders strictly in accordance with the Trading Conditions and in accordance with its Order Execution Policy. The Company will have no responsibility for checking the accuracy or the logic of any Order.
11.6.2. The Client is responsible to any loss, damage, claim or expense incurred by the Company for following or attempting to follow any of the Orders and shall indemnify the Company, its officers, directors and employees for any such loss, damage, claim or expense.
11.6.3. Upon closing a CFD Transaction, and subject to any applicable adjustments for interest and dividends in accordance with this Agreement:
11.6.3.1 The Company will pay the Client any Profits, which are calculated based on the difference between the price in which the Transaction was opened and the price in which the Transaction was closed, multiplied by the number of units of the Underlying Asset that comprise the Transaction if the Transaction is:
(a) a long Transaction and the Transaction’s closing price is higher than its opening price; or
(b) a short Transaction and the Transaction’s closing price is lower than its opening price; and
11.6.3.2 The Client will pay the Company any Losses, which are calculated based on the difference between the price in which the Transaction was opened and the price in which the Transaction was closed, multiplied by the number of units of the Underlying Asset that comprise the Transaction if the Transaction is:
(a) a long Transaction and the Transaction’s closing price is lower than its opening price; or
(b) a short Transaction and the Transaction’s closing price is higher than its opening price.
11.6.4. Upon the closing of a Position, the Company shall convert the realized profit or loss into the Client’s Account base currency at Company’s prevailing currency exchange Bid or Ask Prices at the time of such closing.
11.6.5. The Company reserves at its sole discretion the right not to execute an Order, or to change the opening (or closing as the case may be) price of an Order or Transaction as detailed in the Company’s Order Execution Policy or to close any or all Positions or to modify the Margin requirements, or to modify the trading hours of certain Financial Instruments or CFDs, including without limitations, in case of a technical failure in the Trading Platform, the quotes feed, other technical failures, and in the event of Force Majeure or in accordance to the terms of section 11.5.6.
11.6.6. The Company may establish cut-off times for instructions or Orders which may be earlier than the times established by the particular Financial Market or clearing house involved in any Transaction and the Client shall have no claims against the Company arising out of the fact that an Order was not placed by the Client ahead of our cut-off time.
11.6.7. It is the Client’s sole responsibility to be aware of its Positions at all times. The Company is under no obligation, unless otherwise agreed in this Agreement, to monitor or inform the Client on the status of any Transaction or to close out any Client’s Positions. When the Company decides to do so, this will be done on a discretionary basis and will not be considered an undertaking of an obligation to continue.
11.6.8. The detailed trading requirements, conditions, and specifications for each Financial Instruments are detailed in the Trading Conditions. The Company shall have the right to change the Trading Conditions at any time without prior notification, unless agreed otherwise in this Agreement. The Client agrees that it is the Client's sole responsibility to check the full specifications of any Transaction before placing any Order.
Appears in 1 contract
Sources: Client Agreement
General Trading Conditions. 11.6.111.5.1. The Company shall receive, execute and transmit all Orders strictly in accordance with the Trading Conditions and in accordance with its Order Execution Policy. The Company will have no responsibility for checking the accuracy or the logic of any Order.
11.6.211.5.2. The Client is responsible to any loss, damage, claim or expense incurred by the Company for following or attempting to follow any of the Orders and shall indemnify the Company, its officers, directors and employees for any such loss, damage, claim or expense.
11.6.311.5.3. Upon closing a CFD Transaction, and subject to any applicable adjustments for interest and dividends in accordance with this Agreement:
11.6.3.1 11.5.3.1 The Company will pay the Client any Profits, which are calculated based on the difference between the price in which the Transaction was opened and the price in which the Transaction was closed, multiplied by the number of units of the Underlying Asset that comprise the Transaction if the Transaction is:
(a) a long Transaction and the Transaction’s closing price is higher than its opening price; or
(b) a short Transaction and the Transaction’s closing price is lower than its opening price; and
11.6.3.2 11.5.3.2 The Client will pay the Company any Losses, which are calculated based on the difference between the price in which the Transaction was opened and the price in which the Transaction was closed, multiplied by the number of units of the Underlying Asset that comprise the Transaction if the Transaction is:
(a) a long Transaction and the Transaction’s closing price is lower than its opening price; or
(b) a short Transaction and the Transaction’s closing price is higher than its opening price.
11.6.411.5.4. Upon the closing of a Position, the Company shall convert the realized profit or loss into the Client’s Account base currency at Company’s prevailing currency exchange Bid or Ask Prices at the time of such closing.
Appears in 1 contract
Sources: Client Agreement