Break any part of the agreement and MarketsVox can undo your whole trading history. Clause 22.3 lets it reverse and cancel every previous transaction and the profits from them. It can do that immediately, with no written notice.
Remuneration means payments it receives.
Why this matters
Every dollar you made stays reversible for as long as the account exists. The trigger is not proven fraud. Clause 22.3 accepts any violation of any provision, and clause 14.3 needs only suspicion.
Exhibit 1Every flagged clause gets its own number so you can point at this one. The number does not change, so a link to it keeps working.CriticalHow much this clause can cost you, in our reading. Critical can take your money or your profit. Warning can delay or limit it. Notice is simply worth knowing before you sign.Rarely seenHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.
The Company may terminate this Agreement immediately without giving prior written notice, and the Company have the right to reverse and/or cancel all previous Transactions and the trading results from previous Transactions on a Client’s account (including profits, losses, and any Remunerations paid to the Introducing Brokers (if any) or any amounts resulting from such Transaction) in the following cases:
Our readingOur own comment on the clause, not the broker's words. Anything we quote is marked as a quotation.Most agreements limit a reversal to the trades touched by the abuse. This one reaches every transaction on the account and sets no cap on what can be taken back.
- Worse together with Exhibit 9Read these two clauses together. Each one costs more because the other exists.Clause 4.7 writes a missed document deadline down as a breach of the agreement, which is the trigger this clause needs.
- Worse together with Exhibit 10Read these two clauses together. Each one costs more because the other exists.Two accounts on one connection can be called abuse, and abuse is what opens the reversal power.