Support Center > Knowledge Base> Article: Do you offer negative balance protection? Can I lose more money than I deposit with you?

Do you offer negative balance protection? Can I lose more money than I deposit with you?

Article ID: 98926 Print
Question
Do you offer negative balance protection?

Answer

Using a lot of leverage has an inherent risk of losing more money than was initially deposited into a trading account. This can result in a negative balance, but fear not, we are not going to send collections agencies after you or engage in any legal actions to recover our money.


We operate with a no debit balance guarantee. What this means is that if your losses become too large, we will automatically close some or all of your open positions at the best available price, before your account becomes negative. This safeguard mechanism may not always work as intended and under extraordinary circumstances your account balance may actually slip into negative territory.

 

Should this happen and you have funds in different accounts, according to our Client Agreement, we have right to aggregate funds on other accounts to offset the negative balance. Otherwise, we will simply zero out your account balance. In other words, you can never owe us money if your account balance turns negative.


related articles

Article Details
Views: 1319 Created on: Mar 12, 2019
Date updated: Feb 27, 2020

Poor Outstanding

Risk warning: Forex, spread bets and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.

FXChoice Limited is authorised and regulated by the IFSC (Licence number: 000067/164)

FXChoice Limited registration number: 105,968

© 2021 FXChoice Limited. All rights reserved

Powered by LiveHelpNow Help Desk Software