The client must abide by the rules as declared on the Orbex corporate website Contract Specification section for each CFD, including the margin requirements; and the Client shall provide and maintain the Initial Margin within such limits as the Company at its sole discretion may determine, set, or update.
It is the Client’s responsibility to ensure that he understands how a Margin is calculated.
Orbex has the right to amend any entry in the Contract Specifications section for each CFD including margin requirements, and these changes may take effect on both new and existing/open positions/trades; which may be declared through an internal mail message or on the company’s corporate website; unless a Force Majeure Event has occurred.
In case of a Force Majeure Event, Orbex has the right to change Margin requirements without prior written notice to the Client. In this situation, the Company has the right to apply new Margin requirements to new positions and to positions that are already open.
If the Equity to Margin (necessary margin) ratio falls below 5% at any time, Orbex has the right to close any or all of the Client’s open positions without the Client’s consent or any prior written notice. In order to determine if the Client has breached this clause, any sums referred to therein which are not denominated in the Currency of the Client Account shall be treated as if they were denominated in the currency of the Client Account by converting them into the currency of the Client Account at the relevant exchange rate for spot dealings in the foreign exchange market.
The Client is responsible for notifying the Company as soon as he believes that he will be unable to meet a Margin payment when due.
The Company has no obligation to make Margin Calls for the Client.
Where the Company effects or arranges a transaction involving an instrument, the Client should note that depending upon the nature of the transaction, he may be liable to make further payments when the transaction fails to be completed or upon the earlier settlement or closing out of his position. He may be required to make further variable payments by way of Margin against the purchase price of the instrument, instead of paying (or receiving) the whole purchase (or sale) price immediately. A movement in the market price of the Client’s investment will affect the amount of margin payment he will be required to make. The Client agrees to pay the Company on demand such sums by way of Margin as are required from time to time under the rules of any relevant Market (if applicable) or as the Company may, at its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated transactions under this Agreement.