Common use of Swap Clause in Contracts

Swap. 11.1 The Company offers Islamic (swap-free) accounts to comply with Islamic Shariah law; this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees; thus, a trading account would not pay, or be paid for holding a position for more than one business day. 11.2 If the Client wishes to convert his Client Account into a swap free account or vice versa, he must send a notification to the Company. The Client has the right to convert his Client Account from swap free into usual Client Account, without inserting any reasons. 11.3 If the Client has a swap free account, no swaps or roll over charges will be applied to trading positions overnight. This means that the Client Account will be free from interest or swap charges and features zero up-front commissions without additional charges per trade. 11.4 If the Client has a swap-free account, all the provisions herein in this entire Agreement apply to him save any mentions to swaps unless the text provides that swaps apply to such a Client as well. 11.5 in the event of market abuse and /or misuses of the swap free advantage by holding floating positions for a long time period, taking advantage of the swap-free facility and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately. 11.6 Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.

Swap. 11.1 The Company offers Islamic (swap-free) accounts to comply with Islamic Shariah law; this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees; thus, a trading account would not pay, or be paid for holding a position for more than one business day. 11.2 If the Client wishes to convert his Client Account into a swap free account or vice versa, he must send a notification to the Company. The Client has the right to convert his Client Account from swap swap-free into usual Client Account, without inserting any reasons. 11.3 If the Client has a swap free account, no swaps or roll over charges will be applied to trading positions overnight. This means that the Client Account will be free from interest or swap charges and features zero up-up- front commissions without additional charges per trade. 11.4 If the Client has a swap-free account, all the provisions herein in this entire Agreement apply to him save any mentions to swaps unless the text provides that swaps apply to such a Client as well. 11.5 in the event of market abuse and /or misuses of the swap free advantage by holding floating positions for a long time period, taking advantage of the swap-free facility and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately. 11.6 Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.

Swap. 11.1 The Company offers Islamic (swap-free) accounts to comply with Islamic Shariah law; this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees; thus, a trading account would not pay, or be paid for holding a position for more than one business day. 11.2 If the Client wishes to convert his Client Account into a swap free account or vice versa, he must send a notification to the Company. The Client has the right to convert his Client Account from swap swap-free into usual Client Account, without inserting any reasons. 11.3 If the Client has a swap free account, no swaps or roll over charges will be applied to trading positions overnight. This means that the Client Account will be free from interest or swap charges and features zero up-front commissions without additional charges per trade. 11.4 If the Client has a swap-free account, all the provisions herein in this entire Agreement apply to him save any mentions to swaps unless the text provides that swaps apply to such a Client as well. 11.5 in the event of market abuse and /or misuses of the swap free advantage by holding floating positions for a long time period, taking advantage of the swap-free facility and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately. 11.6 Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.

Swap. 11.1 a) The Company offers Islamic (swap-free) accounts to comply with Islamic Shariah law; this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees; thus, a trading account would not pay, or be paid for holding a position for more than one business day. 11.2 b) If the Client wishes to convert his Client Account into a swap free account or vice versa, he must send a notification to the Company. The Client has the right to convert his Client Account from swap swap-free into usual Client Account, without inserting any reasons. 11.3 c) If the Client has a swap free account, no swaps or roll over charges will be applied to trading positions overnight. This means that the Client Account will be free from interest or swap charges and features zero up-front upfront commissions without additional charges per trade. 11.4 d) If the Client has a swap-free account, all the provisions herein in this entire Agreement apply to him save any mentions to swaps unless the text provides that swaps apply to such a Client as well. 11.5 e) in the event of market abuse and /or misuses of the swap free advantage by holding floating positions for a long time period, taking advantage of the swap-free facility and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately. 11.6 f) Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.

Swap. 11.1 The Company offers Islamic (swap-free) accounts to comply with Islamic Shariah law; this is also an advantage for all traders who hold their positions for multiple days without being aware of swaps or overnight fees; thus, a trading account would not pay, or be paid for holding a position for more than one business day. 11.2 If the Client wishes to convert his Client Account into a swap free account or vice versa, he must send a notification to the Company. The Client has the right to convert his Client Account from swap swap-free into usual Client Account, without inserting any reasons. 11.3 If the Client has a swap free account, no swaps or roll over charges will be applied to trading positions overnight. This means that the Client Account will be free from interest or swap charges and features zero up-front upfront commissions without additional charges per trade. 11.4 If the Client has a swap-free account, all the provisions herein in this entire Agreement apply to him save any mentions to swaps unless the text provides that swaps apply to such a Client as well. 11.5 in the event of market abuse and /or misuses of the swap free advantage by holding floating positions for a long time period, taking advantage of the swap-free facility and gaining profits from swaps, the client who commits these offenses will be charged with a backdated swap on all positions executed in his trading account from the date of opening the account till date, and must close the floating positions immediately. 11.6 Hedging a currency pair by its corresponding Future CFD and/or hedging positions on a swap- based account against positions on a swap free account is forbidden, as these also represent attempts to take advantage of the swap free facility and gain profits from swaps; one direction of this kind of hedge must be closed immediately.