Trader’s Responsibility
As the trader, you are fully responsible for any overnight margin charges incurred due to holding a position past market close. Understanding overnight trading practices and the associated risks can help you avoid unplanned costs. It’s crucial to ensure that all trades align with market hours to prevent such charges.
Invoice Process
If an overnight margin charge is incurred, Elite Trader Funding (ETF) will issue an invoice detailing the exact charges. This invoice serves as a formal notification of the amount owed due to overnight trading. The invoice includes a specified payment deadline, which is critical to adhere to for account continuity.
Payment and Deadlines
Once the invoice is issued, you must settle the payment within the timeframe provided. Prompt payment is essential, as failing to meet this deadline could result in serious consequences for your account status.
Account Forfeiture Policy
If you do not pay the invoice within the required period, ETF enforces an account forfeiture policy. Non-payment will lead to the immediate forfeiture of your account, including all associated profits. This measure ensures compliance and accountability within the ETF trading program.