Negative Balance Policy

差金決済取引（「CFD」）とは、投資家とCFDブローカーが、取引開始時と終了時の金融商品の価値の差額を交換する契約です。CFD取引は、外国為替、株価指数、コモディティ、株式、国債など、動きの速い世界の金融市場の価格の上昇や下落にトレーダーが投機することを可能にする、一般的なデリバティブ取引の一形態です。

As CFD is a leveraged product, it allows clients to potentially reap significant profits from a trade, but it may also expose clients to losses that could exceed the original capital invested.

Clients acknowledge that trading losses may exceed the funds deposited into the trading account. However, subject to the Company’s Negative Balance Protection policy set out in Section 3 below, a client’s liability for such losses is limited to the funds held in the trading account, save where the exceptions described in that section apply.

Auric International Markets Limited (hereafter the “Company”) is a trading brokerage incorporated and registered under the laws of the Labuan Financial Services Authority.

The Company operates under a Straight Through Processing (“STP”) execution model whereby client orders are transmitted directly to liquidity providers and counterparties.

Accordingly, and save as set out in the Company’s Negative Balance Protection policy in Section 3 below, clients shall remain responsible for losses and deficits resulting from trading activities conducted through their trading account(s).

The client is expected to actively monitor and manage open positions in the account and to contact the Company regarding available options if the account approaches a margin call or stop out level.

The Company may consider the following, whether intentional or unintentional, to constitute abusive or prohibited trading activity, including but not limited to: (i) hedging exposure through multiple trading accounts, whether in the client’s own name or in connection with another client; (ii) submitting a cash withdrawal request which causes the margin level to fall to 50% or lower; (iii) using arbitrage strategies to intentionally exploit gaps, delays, pricing inefficiencies, execution latency, or system vulnerabilities resulting in exceptionally large exposure to the Company; (iv) coordinated trading activity intended to manipulate exposure or transfer risk between accounts; (v) intentionally maintaining excessive exposure during periods of extreme volatility, illiquid market conditions, rollover periods, market gaps, or major economic announcements; and/or (vi) failure to take reasonable and responsible action to manage open positions and reduce risk exposure.

The Company reserves the right, at its sole discretion, to investigate, cancel, void, reverse, adjust, or refuse any trades, profits, credits, rebates, or account balances arising from trading activity deemed abnormal, abusive, manipulative, fraudulent, exploitative, or conducted in bad faith.

Where the Company reasonably determines that a client has intentionally attempted to create, exploit, benefit from, or transfer a negative balance exposure through any trading strategy, coordinated activity, latency exploitation, arbitrage practice, system manipulation, or account abuse, the Company reserves the right to: (i) suspend or terminate the client’s account(s); (ii) cancel profits and trading results; (iii) recover all losses, costs, or damages incurred by the Company; (iv) offset liabilities against any funds held under the client’s account(s); and/or (v) pursue legal recovery actions where necessary.

Where the Company determines, in accordance with Section 3 below, that the Negative Balance Protection policy does not apply to a trading account (including due to abusive trading practices), the Company reserves the right to demand immediate repayment of any negative balance on that account and may take any necessary action permitted under applicable laws and regulations to recover outstanding amounts owed by the client.

The Company further reserves the right, at its sole discretion, to suspend, restrict, terminate, or take any necessary action against any trading account suspected of abusive trading practices, policy violations, or conduct deemed detrimental to the Company’s risk management framework.

Negative Balance Protection means the limit of a client’s aggregate liability, for all CFDs connected to a trading account with the Company, to the funds in that account.

Trading in leveraged financial instruments involves significant risk to your invested capital. However, the Company follows a Negative Balance Protection policy, on a per account basis, which aims to ensure that your maximum losses from trading CFDs, including all related costs, are limited to the total funds in your trading account (i.e., no additional liability incurs). This should include any funds yet to be paid into your account due to net profits from the closure of open trades connected to your trading account.

Notwithstanding the above, any indication or suspicion, in the Company’s reasonable discretion, of any form of arbitrage performed in your trading account either solely or in connection with other clients of our company (but not limited to risk-free profiting), abuse (including but not limited to a participant’s trading activity patterns that indicate that the participant aims to benefit financially without being genuinely interested in the markets and/or taking market risk), internal hedging in coordination with other parties and abuse of our “no negative balance”, constitutes a violation of these Terms and Conditions. In such cases, we reserve the right, among others, NOT to apply our Negative Balance Protection policy and to transfer any or all funds you may have in a different trading account to set-off the obligations (e.g., negative balance) that have occurred to the other account used for any abusive acts.