Account Termination

Account termination is the clause describing how the relationship ends. Three routes are usually provided: the client closing on notice, the firm closing on notice, and immediate closure on a defined default. The second is the one people are surprised by — most agreements let the firm end the relationship on notice without giving a reason, which is a commercial right rather than a sign that anything was found. The operative half is what happens to positions and money. The clause normally states whether open positions are closed by the firm and at what prices, when the platform stops accepting orders, and how long money can be held after closure — a period that exists so that payments can be reversed and identity checks completed rather than as a delay for its own sake. Two details are worth locating in advance: what verification is required before a final payment can be released, since it is often more than was needed to deposit, and how a residual balance too small to pay out is treated, since the answer is sometimes a fee rather than a transfer.