Admiral Markets UK Ltd Negative Account Balance Protection Policy

Valid as of 17 September 2019

This Policy provides the framework and circumstances under which we may compensate Clients who have incurred a negative balance on their Accounts.

The policy for retail clients is to apply applicable regulatory requirements, currently COBS 22.5.17R, namely that the liability of a retail client for all CFD’s connected to the retail client’s account is limited to the funds in that account.

A proteção para os clientes profissionais aplica-se onde:

1. Clients are individuals or entities classified as Professional Clients of Admiral Markets UK Ltd (`Company`). It does not apply to a Client that is subject to supervision by a financial services regulator or to a fund managed by such a company or to a legal entity that is a Professional Client by virtue of being a large undertaking.
2. Accounts are CFD trading accounts, i.e. all account types other than those specifically dedicated to exchange-traded products.

When trading financial products on margin, it is possible to reach an account deficit state, i.e. a situation when the account`s balance is negative.

Se um Cliente incorreu em saldo negativo e pretende compensação, o cliente deve informar o apoio ao cliente da Empresa por e-mail, o mais tardar 2 dias úteis após incorrer ao saldo negativo. A Empresa avaliará o pedido e, a seu critério, poderá creditar as respectivas contas para compensar total ou parcialmente os saldos negativos. Se o Cliente tiver mais de uma conta, os saldos serão compensados.

The amount to be credited is determined by netting all positive balances with negative balances incurred over 2 business days before the receipt of the inquiry. At its discretion, the Company will credit the Client Accounts in order to compensate the netted negative balances up to the maximum credit value of £50,000 or equivalent in other account currencies.

As disposições desta política não se aplicam quando:

1. there is in place within the Client`s jurisdiction existing legal requirements for the Company to provide the Client with negative equity balance protection (e.g. in the Federal Republic of Germany); in such cases, the Company’s actions are based on local regulations and not on this Policy;
2. o saldo negativo ocorreu em condições anormais de mercado ou movimentos/volatilidade excepcionais do mercado;
3. the Company determines, in its sole discretion, that the negative balance is unrelated to the Client`s trading activity (for example, where the negative balance relates to any fees or charges of the Company);
4. o Cliente opera através de um acordo de crédito ou bônus fornecido pela Empresa;
5. the negative balance is connected to or a result of, either direct or indirect, the Client`s breach of any provision of the Terms of Business of the Company or from the breach of the market rules or practice, including but not limited to the laws of the Client`s country of origin, Client`s country of residence or any country within EEA;
6. the Company considers that the Client has abused the protection afforded pursuant to this Policy to the Company`s detriment which, without limitation, includes a situation where a Client has acted in bad faith by pursuing a strategy whereby the Client would benefit from such protection whilst holding, himself or in cooperation with another Client, other positions with us which benefit the Client in the event that the protection is or might be triggered;
7. a Empresa notificou previamente o Cliente de que este está excluído desta Política;
8. existe um evento que surge conforme descrito a seguir: os atos, omissões ou negligência de qualquer sistema de trading multilateral, sistema de trading organizado, mercado regulamentado, fornecedor de liquidez ou corretora intermediária;
9. the negative balance is connected to a Force Majeure Event - an act of God, war, terrorism, malicious damage, civil commotion, industrial acts, any exceptional market event, or acts and regulations of any governmental or supranational bodies or authorities which in the Company`s opinion prevent an orderly market in relation to the Client`s Orders.