Support Board

Date/Time: Fri, 03 May 2024 20:44:56 +0000

Post From: TransAct - Risk Liquidation Fee

[2019-10-17 20:09:55] Link To Thread - Link To Post [Go To First Post]
User316362 - Posts: 210
Apparently TransAct now has a disclosure agreement that requires one, when opting in for Direct Sierra Charts (not using their AT charts), that shows a $5/contract Risk Liquidation fee. My understanding is that if one hit's their daily risk limit that they will be charged $5 for each contract that was traded in addition to the standard commissions during trading. So for example, if one rades 10 contracts and hits their risk limit, one will be charged $50 extra. I'm told that this is because TransAct's contract with Sierra has expired. So this is not making much sense to me. My questions are: 1. Does Sierra get this Risk Liquidation fee or does TransAct get it? 2. From what account does it come from the Brokers account or Sierra's account. 3. Why is this a result of not having a contract with Sierra? Thanks,