PAMM-service: timeframe for auto liquidation

25 March, 2020

We would like to announce that in the face of growing uncertainty and volatility on the financial markets, and given the record decline in global economies in connection with the threat posed by the spread of coronavirus, Alpari is making every effort to give its Clients the opportunity to more effectively manage risk and safeguard their invested money.

As part of these measures, we have extended the timeframe in place as regards the automatic liquidation of PAMM-accounts and PAMM-portfolios from 24 to 48 hours; this occurs if the account or portfolio reaches a rate of return of -95%. In accordance with the terms outlined in the Regulatory Documents, the account manager can liquidate all PAMM-accounts and PAMM-portfolios independently, if necessary.

If you have any questions, please don't hesitate to contact our customer support team. You can reach us on: Telegram, Facebook Messenger, Skype (calls only), via our Live Chat service, by email at info@alpari.com, or by phone on +44 8449 869559.


Source  
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