Why we may need to close your trading account?
We may need to suspend or close your Trading account under various scenarios. Some examples are listed below:
- Terms & Conditions breach (e.g. we become aware of a breach to our Trading agreement, we may suspend or terminate your account on a temporary or permanent basis)
- Insufficient Information (e.g. you fail to provide relevant information to Revolut to satisfy our regulatory reporting requirements, resulting in the temporary restriction or closure of your Trading account in case we do not receive the requested information a timely manner.)
- Unsupported country (e.g. the country where you live is in a jurisdiction where Revolut Securities Singapore is unable to provide trading services)
For more info, please check our Trading terms:'When could you suspend or close my Account?'.
Should a decision be made to close your Trading account, you'll have 30 days to close any open positions you may have at this time, and close the account. If your trading account isn't closed within the 30 day notice period, it will be closed on your behalf. If you have any open positions, they'll be liquidated and cash will be delivered back into your USD retail account, once the orders have settled (usually within two to three days).