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

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Question
Can I lose more money than I deposit with you? 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, we will simply zero out your account balance. In other words you can never owe us money, if your account balance turns negative.


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Views: 318 Created on: Mar 12, 2019
Date updated: Mar 12, 2019

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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: IFSC/60/191/TS/19)

FXChoice Limited registration number: 105,968

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