Common use of Inactive and Dormant Client Accounts Clause in Contracts

Inactive and Dormant Client Accounts. 6.1 If, for 90 (ninety) calendar days, there are no trades or non-trading operations (including agent operations) on a Client Account with a balance less than $10 (or the equivalent sum depending on the Currency of the Client Account), then the account will be archived. 6.2 When the Client Account is archived, all trades on the account will be archived as well and cannot be restored. However, at the client's request, the company can provide a history of a requested account. 6.3 If the client has trades older than 35 (thirty five) calendar days, they will be combined and removed. The total of these trades is credited to the client's account. 6.4 If the Client Account is inactive for four years or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. 6.5 Without derogation from the rest of the provisions of the Agreement, an account that has been archived in accordance with paragraph 6.1. of Part B of the Client Agreement, may be restored, at the client's request. Money in the archived account, shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 6.6 Paragraphs 6.1 - 6.5 are only applicable in relation to MT4 accounts only. 6.7 Without prejudice to the above mentioned paragraphs, if there are no trades and/or non-trading operations (including agent operations) for a period of time determined in the Company’s sole discretion, partial or full scope restrictions/limitations may be placed on the Client’s Personal Area and/or Trading Account(s). In such a case, the Client shall be required to follow the Company’s requests for documentation and/or information in order to regain full access to his/her Personal Area and/or Trading Accounts. For the avoidance of doubt, none of the above limitations/restrictions will impact the Client’s ability to withdraw funds.

Appears in 3 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

Inactive and Dormant Client Accounts. 6.1 If, for 90 (ninety) calendar days, there are no trades or non-trading operations (including agent operations) on a Client Account with a balance less than $10 (or the equivalent sum depending on the Currency of the Client Account), then the account will be archived. 6.2 When the Client Account is archived, all trades on the account will be archived as well and cannot be restored. However, at the client's request, the company can provide a history of a requested account. 6.3 If the client has trades older than 35 14 (thirty fivefourteen) calendar days, they will be combined and removed. The total of these trades is credited to the client's account. 6.4 If the Client Account is inactive for four years or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. 6.5 Without derogation from the rest of the provisions of the Agreement, an account that has been archived in accordance with paragraph 6.1. of Part B of the Client Agreement, may be restored, at the client's request. Money in the archived account, shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 6.6 Paragraphs 6.1 - 6.5 are only applicable in relation to MT4 accounts only. 6.7 Without prejudice to the above mentioned paragraphs, if there are no trades and/or non-trading operations (including agent operations) for a period of time determined in the Company’s sole discretion, partial or full scope restrictions/limitations may be placed on the Client’s Personal Area and/or Trading Account(s). In such a case, the Client shall be required to follow the Company’s requests for documentation and/or information in order to regain full access to his/her Personal Area and/or Trading Accounts. For the avoidance of doubt, none of the above limitations/restrictions will impact the Client’s ability to withdraw funds.

Appears in 3 contracts

Sources: Client Agreement, Client Agreement, Client Agreement

Inactive and Dormant Client Accounts. 6.1 If, for 90 (ninety) calendar days, there are no trades or non-trading operations (including agent operations) on a Client Account with a balance less than $10 (or the equivalent sum depending on the Currency of the Client Account), then the account will be archived. 6.2 When the Client Account is archived, all trades on the account will be archived as well and cannot be restored. However, at the client's request, the company can provide a history of a requested account. 6.3 If the client has trades older than 35 (thirty five) calendar days, they Orders for MT4 accounts will be combined deleted after some time from the servers and removed. The total of these trades is credited to the client's accountterm for such deletion will be different for each account type. 6.4 If the Client Account is inactive for four years one year or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. 6.5 Without derogation from the rest of the provisions of the Agreement, an account that has been archived in accordance with paragraph 6.1. of Part B of the Client Agreement, may be restored, at the client's request. Money in the archived account, shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 6.6 Paragraphs 6.1 - 6.5 6.2 and 6.3 are only applicable in relation to MT4 accounts only. 6.7 Without prejudice to the above mentioned paragraphs, if If there are no trades and/or non-trading operations (including agent operations) and/or the Client account (s) is inactive for a period of time determined in the Company’s sole discretion, the Company may impose partial or full scope restrictions/limitations may be placed on the Client’s Personal Area and/or Trading Account(s)) and/or may terminate this Agreement with immediate effect without prior notice. In such a caseWhere applicable, the Client shall be required to follow the Company’s requests for documentation and/or information in order to regain full access to his/her Personal Area and/or Trading Accounts. For the avoidance of doubt, none of the above limitations/restrictions will not impact the Client’s ability to withdraw funds.

Appears in 1 contract

Sources: Client Agreement

Inactive and Dormant Client Accounts. 6.1 If, for 90 (ninety) calendar days, there are no trades or non-trading operations (including agent operations) on a Client Account with a balance less than $10 (or the equivalent sum depending on the Currency of the Client Account), then the account will be archived. 6.2 When the Client Account is archived, all trades on the account will be archived as well and cannot be restored. However, at the client's request, the company can provide a history of a requested account. 6.3 If the client has trades older than 35 14 (thirty fivefourteen) calendar days, they will be combined and removed. The total of these trades is credited to the client's account. 6.4 If the Client Account is inactive for four years or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. 6.5 Without derogation from the rest of the provisions of the Agreement, an account that has been archived in accordance with paragraph 6.1. of Part B of the Client Agreement, may be restored, at the client's request. Money in the archived account, shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 6.6 Paragraphs 6.1 - 6.5 are only applicable in relation to MT4 accounts only. 6.7 Without prejudice to the above mentioned paragraphs, if there are no trades and/or non-trading operations (including agent operations) for a period of time determined in the Company’s sole discretion, partial or full scope restrictions/limitations may be placed on the Client’s Personal Area and/or Trading Account(s). In such a case, the Client shall be required to follow the Company’s requests for documentation and/or information in order to regain full access to his/her Personal Area and/or Trading Accounts. For the avoidance of doubt, none of the above limitations/restrictions will impact the Client’s ability to withdraw funds.the

Appears in 1 contract

Sources: Client Agreement

Inactive and Dormant Client Accounts. 6.1 If, for 90 (ninety) calendar days, there are no trades or non-trading operations (including agent operations) on a Client Account with a balance less than $10 (or the equivalent sum depending on the Currency of the Client Account), then the account will be archived. 6.2 When the Client Account is archived, all trades on the account will be archived as well and cannot be restored. However, at the client's request, the company can provide a history of a requested account. 6.3 If the client has trades older than 35 (thirty five) calendar days, they Orders for MT4 accounts will be combined deleted after some time from the servers and removed. The total of these trades is credited to the client's accountterm for such deletion will be different for each account type. 6.4 If the Client Account is inactive for four years one year or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. 6.5 Without derogation from the rest of the provisions of the Agreement, an account that has been archived in accordance with paragraph 6.1. of Part B of the Client Agreement, may be restored, at the client's request. Money in the archived account, shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 6.6 Paragraphs 6.1 - 6.5 6.2 and 6.3 are only applicable in relation to MT4 accounts only. 6.7 Without prejudice to the above mentioned paragraphs, if If there are no trades and/or non-trading operations (including agent operations) and/or the Client account (s) is inactive for a period of time determined in the Company’s sole discretion, the Company may impose partial or full scope restrictions/limitations may be placed on the Client’s Personal Area and/or Trading the Client Account(s)) and/or may terminate this Agreement with immediate effect without prior notice. In such a caseWhere applicable, the Client shall be required to follow the Company’s requests for documentation and/or information in order to regain full access to his/her Personal Area and/or Trading Accounts. For the avoidance of doubt, none of the above limitations/restrictions will not impact the Client’s ability to withdraw funds.

Appears in 1 contract

Sources: Client Agreement

Inactive and Dormant Client Accounts. 6.1 If, for 90 (ninety) calendar days, there are no trades or non-trading operations (including agent operations) on a Client Account with a balance less than $10 (or the equivalent sum depending on the Currency of the Client Account), then the account will be archived. 6.2 When the Client Account is archived, all trades on the account will be archived as well and cannot be restored. However, at the client's request, the company can provide a history of a requested account. 6.3 If the client has trades older than 35 (thirty five) calendar days, they Orders for MT4 accounts will be combined deleted after some time from the servers and removed. The total of these trades is credited to the client's accountterm for such deletion will be different for each account type. 6.4 If the Client Account is inactive for four years one year or more, and after notifying the Client in its last known address, the Company reserves the right to close the Client Account and render it dormant. 6.5 Without derogation from the rest of the provisions of the Agreement, an account that has been archived in accordance with paragraph 6.1. of Part B of the Client Agreement, may be restored, at the client's request. Money in the archived account, shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 6.6 Paragraphs 6.1 - 6.5 6.2 and 6.3 are only applicable in relation to MT4 accounts only. 6.7 Without prejudice to the above mentioned paragraphs, if If there are no trades and/or non-trading operations (including agent operations) and/or the Client account (s) is inactive for a period of time determined in the Company’s sole discretion, the Company may impose partial or full scope restrictions/limitations may be placed on the Client’s Personal Area and/or Trading the Client Account(s)) and/or may terminate this Agreement with immediate effect without prior notice. In such a caseWhere applicable, the Client shall be required to follow the Company’s requests for documentation and/or information in order to regain full access to his/her Personal Area and/or Trading Accounts. For the avoidance of doubt, none of the above limitations/restrictions will not impact the Client’s ability to withdraw funds.

Appears in 1 contract

Sources: Client Agreement