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Updates made on FXTM's Client Agreement today
Important Notice: Amendments to the Client Agreement.
As of today, you will see updates to some paragraphs in the Client Agreement, which you have accepted with FXTM.
We encourage you to carefully review the changes noted below.
A) Changes in paragraph 33 (b)
Current Content:
33 b. FXTM will not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level, if the trading benefit is withdrawn for any reason pursuant to the applicable terms and conditions of the Trading Benefit Scheme. The Company ensures that losses will never exceed the total available funds across the Clients’ FXTM trading portfolio (negative balance protection).
New Content:
33.b FXTM will not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level, if the trading benefit is withdrawn for any reason pursuant to the applicable terms and conditions of the Trading Benefit Scheme. The Company ensures that losses will never exceed the total available funds per Clients’ FXTM trading account(s) (negative balance protection).
B) Removing mention of ‘Trading Portfolio’ in Appendix A: Interpretation of terms
Current Content:
Trading Portfolio” a range of trading accounts held by a Customer with the Company.
Kindly note that no further action is required on your part at this point, as the changes will automatically take effect starting today.
If you have any questions regarding the above, please contact Customer Support.