What happens in your Woxa account when a stock split occurs?

When Stock Splits and Reverse Stock Splits occur, your Woxa account looks like this: 

1. In case of a Stock Split.

• ABC Stock initially has one share priced at $20.
• On the Woxa account, an investor opened a position with 50 shares with a market value of $1000.
• If the company enacts a 1-for-2 stock split, the stock becomes two shares per $20 (or one share per $10) after the split. (Ratio 1:2)
• As a result of the stock split, the investor will own 100 shares, with the market value remaining at $1000.

From Example,

• The open price has decreased. (From $20 to $10 per share).
• Units (The number of shares) are increased. 
• The effect on the open position does not affect the position and the current Profit and Loss.

2. In the case of a Reverse Stock Split.

• On the Woxa account, An investor owns 50 shares of XYZ stock with a market value of $1000.
• If the company enacts a 2-for-1 reverse stock split, the stock becomes one share per $40 after the reverse stock split. (Ratio 2:1)
• As a result of the reverse stock split, the investor will own 25 shares, with the market value remaining at $1000.   

From Example,

• The open price has increased. (From $20 to $40 per share).
• Units (the number of shares) are decreased.
• The effect on the open position does not affect the position and the current Profit and Loss.