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October 26, 2017

Question:What is NBP(Negative Balance Protection)? What is the mechanism of this system?

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Answer:

iFOREX’s Negative Balance Protection policy guarantees that the client’s losses are limited to the funds invested in the client’s account.

According to this policy, the client shall never have to face a debit balance due to trade losses when trading with iFOREX and client’s potential loss shall be limited to the funds deposited in the Client’s account and to the funds gained by the client, if any.

To implement this policy, iFOREX developed an automated monitoring tool, automatically closing in real-time all positions once a client’s account reaches Margin Level Zero (i.e. “Exposure Coverage” = 0).

iFOREX will automatically close all positions at the price then offered by iFOREX.

In the event that a client’s balance falls below Margin Level Zero due to the difference between Margin Level Zero and the actual Margin Level below Zero which the system closed all positions at the price then offered by iFOREX, iFOREX shall bear the mentioned difference.

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