If volume requirements are not met and the equity of the account goes below the bonus
amount then the bonus is removed automatically by the system. In other words, if the
Cash Equity (Equity - Credit Bonus) becomes zero or less, all previously awarded Credit
Bonuses will be cancelled and withdrawn from the respective Client’s account. In these
circumstances the Company shall not be liable for any consequences of the bonus
cancelation, including, but not limited to, order(s) closure by Stop Out.
This paragraph in hotforex bonus is empty of meaning because it lacks legal authority, it's just as if telling a story of if this happens, this will happen, which is obvious if hotforex leave orders open to negative balance, that will happen.
Knowing that I had many times posted that paragraph in my replies on this thread.
The legal authority shows in this paragraph:
If account equity falls below margin requirements, the HotForex Trading Station will trigger an order to close all open positions. When positions have been over-leveraged or trading losses are incurred to the point that insufficient equity exists to maintain current open positions, a margin call will result, and open positions must be liquidated.
Please keep in mind that when the account's useable margin reaches zero, all open positions are triggered to close. The margin-call process is entirely electronic, and there is no discretion on HotForex's part as to the order in which trades are closed. Such discretion would require HotForex to actively monitor positions and accounts.
This hotforex policy your company failed to apply.
amount then the bonus is removed automatically by the system. In other words, if the
Cash Equity (Equity - Credit Bonus) becomes zero or less, all previously awarded Credit
Bonuses will be cancelled and withdrawn from the respective Client’s account. In these
circumstances the Company shall not be liable for any consequences of the bonus
cancelation, including, but not limited to, order(s) closure by Stop Out.
This paragraph in hotforex bonus is empty of meaning because it lacks legal authority, it's just as if telling a story of if this happens, this will happen, which is obvious if hotforex leave orders open to negative balance, that will happen.
Knowing that I had many times posted that paragraph in my replies on this thread.
The legal authority shows in this paragraph:
If account equity falls below margin requirements, the HotForex Trading Station will trigger an order to close all open positions. When positions have been over-leveraged or trading losses are incurred to the point that insufficient equity exists to maintain current open positions, a margin call will result, and open positions must be liquidated.
Please keep in mind that when the account's useable margin reaches zero, all open positions are triggered to close. The margin-call process is entirely electronic, and there is no discretion on HotForex's part as to the order in which trades are closed. Such discretion would require HotForex to actively monitor positions and accounts.
This hotforex policy your company failed to apply.