Trive Invest can pool every account you hold with it and use one balance to cover another. Clause 6(c) calls this an absolute right. It can also set the profit from your open trades against losses on your other open positions.
Why this matters
Money you have made on one account can vanish into a loss on another before you ever withdraw it. The same clause lets Trive Invest take legal fees and interest out of your balance. It decides alone when to do that.
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.Harder than usualHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.
In the event that we exercise our rights under this agreement to close all, or some, of your positions and cancel any pending orders and/or to close your accounts, we have the absolute right to consolidate the cash balances in any of your accounts in Trive Invest.
Buried at section 26 of 28 in the Ketentuan Bisnis, 93% of the way through.We counted the numbered sections in the Ketentuan Bisnis. This clause sits in section 26 of 28, about 93% of the way through. A fee written on the first page and the same fee written near the end are not the same disclosure.
- Worse together with Exhibit 6Read these two clauses together. Each one costs more because the other exists.Clause 4(d) makes you owe Trive Invest its legal costs, and clause 6(c) lets it take them straight out of your balance.
- Worse together with Exhibit 3Read these two clauses together. Each one costs more because the other exists.No published clause says when Trive Invest must pay a withdrawal, so nothing limits how long a balance can sit while it works out what to offset.