Common use of Multiple Accounts Clause in Contracts

Multiple Accounts. (1) You may open multiple accounts denominated in different currencies by using different email address details. The operation of multiple accounts may mean that you incur additional costs. (2) You may open opposite positions in the same currency cross (for example) on the same account. Such positions will not cancel (close) each other out. You are specifically made aware that unless closed manually, all such positions may be rolled over on a continuous basis and thereby consequently all incur a cost for such roll-over. (3) Keeping opposite positions open on different accounts will result in both positions being continuously rolled over (and thereby continuously being charged the applicable Overnight Funding Fee) until manually closed. (4) If you have opened more than one account, Margin or Collateral deposited on one account will not automatically serve as Margin coverage on the other Account(s). You may therefore receive Margin Calls and Closed Outs on one Account despite having additional collateral available on other Accounts. It is your sole responsibility to manage your available Margin or Collateral to satisfy your margin obligations. (5) However, if you have deposited money or Collateral on one Account, Mitrade may (but without creating an obligation to do so), transfer money or Collateral from one Account to another, even if such transfer will necessitate the closing of margin trades on the Account from which the transfer takes place. (6) Where you have opened more than one Account with us, we will treat your Accounts as entirely separate except as otherwise expressly provided in these Terms. Any amount standing to your credit on one Account does not, except where we exercise our rights under this Client Agreement, discharge any of your liabilities in respect of another Account. (7) Where you request in writing, we may, in our absolute discretion, agree to treat your Accounts as one Account. In this case, all references to your Account in this Client Agreement are taken to be your aggregated Accounts. Such a request, if agreed by us, takes effect on the date we notify you, which is to be no later than 7 days from the date of our receipt of your request.

Multiple Accounts. (1) You may open multiple accounts denominated in different currencies by using different email address details. The operation of multiple accounts may mean that you incur additional costscosts (for example, inactivity fee). (2) You may open opposite positions in the same currency cross (for example) on the same account. Such positions will not cancel (close) each other out. You are specifically made aware that unless closed manually, all such positions may be rolled over on a continuous basis and thereby consequently all incur a cost for such roll-over. (3) Keeping opposite positions open on different accounts will result in both positions being continuously rolled over (and thereby continuously being charged the applicable Overnight Funding Fee) until manually closed. (4) If you have opened more than one account, Margin or Collateral deposited on one account will not automatically serve as Margin coverage on the other Account(s). You may therefore receive Margin Calls and Closed Outs on one Account despite having additional collateral available on other Accounts. It is your sole responsibility to manage your available Margin or Collateral to satisfy your margin obligations. (5) However, if you have deposited money or Collateral on one Account, Mitrade may (but without creating an obligation to do so), transfer money or Collateral from one Account to another, even if such transfer will necessitate the closing of margin trades on the Account from which the transfer takes place. (6) Where you have opened more than one Account with us, we will treat your Accounts as entirely separate except as otherwise expressly provided in these Terms. Any amount standing to your credit on one Account does not, except where we exercise our rights under this Client Agreement, discharge any of your liabilities in respect of another Account. (7) Where you request in writing, we may, in our absolute discretion, agree to treat your Accounts as one Account. In this case, all references to your Account in this Client Agreement are taken to be your aggregated Accounts. Such a request, if agreed by us, takes effect on the date we notify you, which is to be no later than 7 days from the date of our receipt of your request.

Multiple Accounts. (1) You may open multiple accounts denominated in different currencies by using different email address details. The operation of multiple accounts may mean that you incur additional costs. (2) You may open opposite positions in the same currency cross (for example) on the same account. Such positions will not cancel (close) each other out. You are specifically made aware that unless closed manually, all such positions may be rolled over on a continuous basis and thereby consequently all incur a cost for such roll-overroll−over. (3) Keeping opposite positions open on different accounts will result in both positions being continuously rolled over (and thereby continuously being charged the applicable Overnight Funding Fee) until manually closed. (4) If you have opened more than one account, Margin or Collateral deposited on one account will not automatically serve as Margin coverage on the other Account(s). You may therefore receive Margin Calls and Closed Outs on one Account despite having additional collateral available on other Accounts. It is your sole responsibility to manage your available Margin or Collateral to satisfy your margin obligations. (5) However, if you have deposited money or Collateral on one Account, Mitrade may (but without creating an obligation to do so), transfer money or Collateral from one Account to another, even if such transfer will necessitate the closing of margin trades on the Account from which the transfer takes place. (6) Where you have opened more than one Account with us, we will treat your Accounts as entirely separate except as otherwise expressly provided in these Terms. Any amount standing to your credit on one Account does not, except where we exercise our rights under this Client Agreement, discharge any of your liabilities in respect of another Account. (7) Where you request in writing, we may, in our absolute discretion, agree to treat your Accounts as one Account. In this case, all references to your Account in this Client Agreement are taken to be your aggregated Accounts. Such a request, if agreed by us, takes effect on the date we notify you, which is to be no later than 7 days from the date of our receipt of your request.

Multiple Accounts. (1) You may open multiple accounts denominated in different currencies by using different email address details. The operation of multiple accounts may mean that you incur additional costscosts (for example, inactivity fee). (2) You may open opposite positions in the same currency cross (for example) on the same account. Such positions will not cancel (close) each other out. You are specifically made aware that unless closed manually, all such positions may be rolled over on a continuous basis and thereby consequently all incur a cost for such roll-overroll−over. (3) Keeping opposite positions open on different accounts will result in both positions being continuously rolled over (and thereby continuously being charged the applicable Overnight Funding Fee) until manually closed. (4) If you have opened more than one account, Margin or Collateral deposited on one account will not automatically serve as Margin coverage on the other Account(s). You may therefore receive Margin Calls and Closed Outs on one Account despite having additional collateral available on other Accounts. It is your sole responsibility to manage your available Margin or Collateral to satisfy your margin obligations. (5) However, if you have deposited money or Collateral on one Account, Mitrade may (but without creating an obligation to do so), transfer money or Collateral from one Account to another, even if such transfer will necessitate the closing of margin trades on the Account from which the transfer takes place. (6) Where you have opened more than one Account with us, we will treat your Accounts as entirely separate except as otherwise expressly provided in these Terms. Any amount standing to your credit on one Account does not, except where we exercise our rights under this Client Agreement, discharge any of your liabilities in respect of another Account. (7) Where you request in writing, we may, in our absolute discretion, agree to treat your Accounts as one Account. In this case, all references to your Account in this Client Agreement are taken to be your aggregated Accounts. Such a request, if agreed by us, takes effect on the date we notify you, which is to be no later than 7 days from the date of our receipt of your request.