Common use of Stop Out Clause in Contracts

Stop Out. The Company is entitled to close the Client’s positions without the consent of the Client or any prior notice if the margin level drops below 50% for all accounts, except of Crypto accounts which is at or below 80%. Margin level is monitored by the server whereby it generates the Stop Out instruction to close a position without prior consent. Stop Out is executed at the current Quote following the priority of the queue. Once the position has been closed the relevant record appears in the server-log file with “Stop Out”. If the Client has several Open Positions the first position which must be placed in the queue in order to be closed is the one with the highest Floating Loss. When the last Open Position is closed and there is no Price Gap or Price Gap on the Market Opening the Company shall guarantee that the execution of Stop Out for the last position will not result in Negative Equity (i.e., below zero) on the Client’s trading account. Negative balance protection is provided to all accounts held by the Company. In case the client balance goes negative after all positions close, the Company will cover the negative balance and will not request from Clients to cover the required amount. The Company reserves the right to close any Open Positions of the Client without a warning in the event of a dispute.

Stop Out. The Company is entitled to close the Client’s positions without the consent of the Client or any prior notice if the margin level drops below 50% for all Retail Clients accounts, except of Crypto accounts which is at or below 80%. Margin level is monitored by the server whereby it generates the Stop Out instruction to close a position without prior consent. Stop Out is executed at the current Quote following the priority of the queue. Once the position has been closed the relevant record appears in the server-log file with “Stop Out”. If the Client has several Open Positions the first position which must be placed in the queue in order to be closed is the one with the highest Floating Loss. When the last Open Position is closed and there is no Price Gap or Price Gap on the Market Opening the Company shall guarantee that the execution of Stop Out for the last position will not result in Negative Equity (i.e., below zero) on the Client’s trading account. Negative balance protection is provided to all accounts held by the Company. In case the client balance goes negative after all positions close, the Company will cover the negative balance and will not request from Clients to cover the required amount. The Company reserves the right to close any Open Positions of the Client without a warning in the event of a dispute.