Rules Of Engagement En

  • May 2020
  • PDF

This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA


Overview

Download & View Rules Of Engagement En as PDF for free.

More details

  • Words: 520
  • Pages: 2
TRADING RULES

TRADING RULES • • • • • •

Account opening Margin requirement Warning call Position Close Out Account Closing Applicable Law and Jurisdiction

Account Opening The initial margin requirements are the following: • • •

2’500 Euro or equivalent for the opening of a “Silver” Account; 20’000 Euro or equivalent for the opening of a “Gold” Account; 100’000 Euro or equivalent for the opening of a “Platinum” Account.

A first demand bank guarantee from an approved bank will also be accepted. Accounts may be opened in any major currency (i.e. USD, EUR, GBP, JPY, CHF, etc.). Realtime Forex SA will activate the account upon receipt of the funds and the appropriate account opening documentation. Unfortunately, due to Swiss law, Realtime Forex SA is unable to pay interest on accounts opened directly with Realtime Forex SA. However, clients opening accounts of USD 250,000 or more can open an interest bearing account with one of our partner banks.

Margin Requirement A minimum margin is required for all spot and forward positions as follows: • • •

2% or 50 times the available margin for the “Silver” accounts; 1,5% or 66 times the available margin for the “Gold” accounts; 1% or 100 times the available margin for the “Platinum” accounts.

Warning Call Realtime Forex SA’s Trading Department sends a Warning Call to the Client when its margin falls to 1% of the value of its net open position. However, Realtime Forex SA will not take any action on the Client's account until the margin falls to close out level. For instance, if the Client buys EUR/USD 1 million and afterwards the market falls down. As soon as the client's margin falls to an amount inferior to Euro 10’000 (1 million X 1%), a Trader will contact the Client in order to take stock of the situation.

Page 1 of 2

TRADING RULES

Position Close Out When a client's margin falls to 0.2% of the value of his net open position, Realtime Forex SA reserves the right, at its full discretion and without further notification, to automatically close the Client's open positions. For instance, if the Client buys EUR/USD 1 million and afterwards the market falls down. As soon as the client's margin falls to an amount inferior to Euro 2’000 (1 million X 0,2%) all open positions will be automatically closed.

Account Closing Clients can close their account at any time by sending a written request to Realtime Forex SA. Funds will be transferred, in most cases, within 48 hours of receiving the request. Funds will only be transferred to a bank account in the client's name. No third party transfers will be made.

Applicable Law and Jurisdiction All relationships between a Client and Realtime Forex SA shall be governed by Swiss law. The place of performance, and the place of jurisdiction for any proceedings whatsoever, including for the Client domiciled abroad is GENEVA, Switzerland. Realtime Forex SA however reserves the right to take legal action before the court of the Client's domicile or before any other competent court, in which case Swiss law will still apply.

Page 2 of 2

Related Documents

Engagement
May 2020 14
Engagement
November 2019 27
Terms Of Engagement
July 2020 3