6.1. The Dealer is entitled to close the Customer’s Open Positions without the consent of the Customer or any prior notice if the Equity is less than 20% of the Necessary Margin.
6.2. Margin Level is monitored by the Server and subject to clause 6.1 the Server 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 the «Stop Out» remark.
6.3. If the Customer has several Open Positions, the first position which has to be placed in the queue in order to be compulsorily closed is the one with the highest Floating Loss.
6.4. The Dealer guarantees that Stop Out execution for the last position in accordance with clauses 6.1-6.3 will not result in the negative equity [14] of the Customer's Trading Account.
6.5. If a Stop Out execution has resulted in the negative equity of the Customer’s Trading Account it will be compensated so as to bring Equity to $0.
6.6. In respect of the Contracts for Differences on futures which are approaching the expiry date of the underlying asset the Transactions are executed in the «close only» way. The Dealer advise the Customer of the date when «close only» mode starts via Trading Platform internal mail notices and/or by displaying the information on the Alpari's website.
The Dealer compulsorily closes the positions, which remain open at the expiry date of the underlying future contract, at the last Quote of the last trading session for this contract for difference:
- long positions at the Bid price;
- short positions at the Ask price.
6.7. The Dealer has the right to close any Customer's Open Position without a warning if it is required in accordance with clause 9.
[14]
Equity <0
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7. Communications»
