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Thread: FXOpen ECN still has Negative Account Protection?

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    Piplet sett's Avatar
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    Default FXOpen ECN still has Negative Account Protection?

    I just found the post :
    https://forum.fxopen.com/showthread....l=1#post528918

    As I see from updated TOB document (6.3) seems that it was changed like " Customer remains fully liable for this loss" and so on. I am not sure the whole clause and would like more elaboration.

    Thank you in advance.

  2. #2
    In Profit Maya P's Avatar
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    Default

    This is a standard clause of the agreement of all brokers operating A-book model. The trading conditions and the system is set to minimize the possibility of negative balance. However, it can still arise in case of extremely sharp market movements as the ones we witnessed on 15th of January.

    In case of a negative balance FXOpen reviews each account on a case-by-case basis and takes respective measure.

  3. The Following 3 Users Say Thank You to Maya P For This Useful Post:

    hesham1046 (01-26-2015), Prezident (01-26-2015), Resolve (03-14-2015)

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