Supplement to the CFDs Agreement for Swap Free Trading Account
Supplement to the CFDs Agreement for Swap Free Trading Account
Swaps or roll over charges are not applied to the Islamic (Swap Free) Trading Accounts in accordance with Shariah law.
Subject to approval, the following amendments/deletions shall be applied to the standard CFDs Customer Agreement of the Company:
1.4 All positions left open from 23:59:45 to 23:59:59 (Server time= GMT+2 excluding daylight saving time) will be rolled over with swap.
3.18 The Swap rates may change in size, when expressed in pips, or in value when expressed in currency, as it depends from the level of the interests rates. We reserve the right to change the level of swap rates application to the CFDs and inform you about it through the internal mail of the Trading System. From Friday to Monday swaps are calculated once. From Wednesday to Thursday swaps are calculated in triple.
are deleted for Swap Free Trading Accounts.
A Swap Free Trading Account is provided for indefinitely. However, all positions either long or short, remaining open from 23:59:45 to 00:00 on the expiry of the 15th calendar day (in accordance with the trading platform time zone) shall be charged in accordance with the Contract Specifications found on the Company’s Website.
The Company reserves the right to terminate a Swap Free Trading Account with notification sent by internal mail.
The Company shall invoke this right in the event of a suspicion of abuse and/or in the event of the provision of misleading and/or false information in order for a Trading Account to receive Swap Free status.
The Company reserves the right to alter the Contract Specifications with a notification by internal mail.