Common use of Islamic/Swap – free accounts Clause in Contracts

Islamic/Swap – free accounts. 62.1. We offer the possibility to open Islamic (Swap-free) Accounts with us. Swap-free trading accounts are available only to those clients who cannot use swaps owing to their religious beliefs. Accordingly, in all instances where a request for an Islamic (Swap-free) Account is filed with us, we reserve the right to require an adequate justification for and/or proof of the necessity or need of any such conversion. Furthermore, we reserve the right to refuse the processing of any such request for any reason whatsoever, without being obliged to provide any explanation or justification. While a client may file a request for an Islamic (Swap-free) trading account at any time, the filing of any such request entails that all of such client’s other real trading Accounts with us will be converted into Swap-free trading accounts also, without any further notice being required. Conversion of a real trading Account to a Swap-free trading account is performed only upon the request and consent of those clients who complete and submit a request for an Islamic (Swap-free) Account. Upon the receipt of such a duly signed and executed request, we shall evaluate request and any ancillary documentation submitted to us and shall inform the client who equested the conversion by e-mail whether the request is accepted or not. 62.2. Clients are not allowed to use Swap-free Accounts to make profits from Swaps and may not request the payment of any Swap amounts that have been lost as a result of converting their real trading Account(s) into one or more Swap-free Account(s) for the period during which their real trading Account(s) has/have been converted into one or more Swap-free account(s). 62.3. We reserve the right to revoke the Swap-free status granted to any real trading Account at any time without being obliged to provide any explanation or justification. Furthermore, in the event that we detect any form of abuse, fraud, manipulation, cash-back arbitrage, carry trades, or other forms of deceitful or fraudulent activity in regard to any Swap-free Account of any client, we reserve the right, at any time, (a) with immediate effect, to revoke the Swap-free status from any and all real trading Accounts of such client that have been converted to a Swap-free trading Account; (b) to correct and recover any un- accrued Swaps and any related un-accrued interest expenses and/or costs pertaining to any and all of such client’s Swap-free trading Accounts during the period for which such Accounts were converted into Swap-free trading Accounts; and/or (c), with immediate effect, to close all trading Accounts of such client with us, nullify all trades carried out in such client’s trading Accounts with us and cancel and all profits or losses garnered in such client’s trading Accounts with us.

Islamic/Swap – free accounts. 62.1. We 5.1 The Company may offer the possibility to open Islamic (Swap-free) Accounts with us. Swap-swap free trading accounts are available only to those clients who cannot use swaps owing due to their religious beliefs. Accordingly, in all instances where a request for an Islamic (Islamic/Swap-free) Account Free Accounts, imply no swap or rollover interest on overnight positions, which is filed with usagainst the Islamic faith. The Company may require supporting documentation to verify the opening of a Swap-Free Account. In addition, we reserve the right to require an adequate justification for and/or proof of the necessity or need of any such conversion. Furthermore, we reserve Company reserves the right to refuse the processing of any such request opening a Swap-Free Account, at its sole discretion, for any reason whatsoeverreason, without being obliged to provide any explanation or justification. While a client may file a request for an Islamic (. 5.2 Other than the above Islamic/Swap-free) Free Accounts have exactly the same trading conditions and terms as other Company’s trading account at any timetypes. In addition to the below clauses, the filing of any such request entails that all of such client’s other real trading Accounts with us will be converted into clause 9.11 is further applied to Swap-free Free trading accounts also, without any further notice being required. Conversion of a real trading Account accounts. 5.3 The Clients that wish to change their client account into a Swap-free trading account is performed only upon the request and consent of those clients who complete and submit Free Client Account shall close their open positions first. 5.4 The Clients that hold a request for an Islamic (Swap-free) AccountFree Account may not hold open positions for a long period of time. Upon In such an event, the receipt of such a duly signed Company may close the Client’s open positions and executed request, we shall evaluate request and any ancillary documentation submitted to us and shall inform the client who equested the conversion by e-mail whether the request is accepted or notswaps will be applied retroactively. 62.2. 5.5 Clients are not allowed to use Swap-free Free Accounts to make profits from Swaps swaps and may not request the payment of any Swap amounts swap amount that have been lost as a result of converting their real trading Account(s) into one or more having Swap-free Account(s) for the period during which their real trading Account(s) has/have been converted into one or more Swap-free account(s). 62.3Free Account. We reserve The Company reserves the right to revoke the Swap-free status Free conditions granted to any real trading a Client Account at any time without being obliged for any reason. 5.6 Without prejudice to provide any explanation or justification. Furthermorethe provisions of clause 13.11 below, in the event that we detect the Company detects any form of abuse, fraud, manipulation, cash-back “interest / cash back, arbitrage, carry trades, ” or any other forms form of deceitful or fraudulent activity in regard to any Swap-free Account of any clientFree Account, we reserve the rightCompany reserves the right to proceed with the following actions, at any time, without notice to the Client: (a) with immediate effect, to revoke Revoke the Swap-free status Free conditions from any and all real trading Accounts of such client that have been converted to a Swap-free trading Account; the Client’s account(s) (b) to correct and recover Charge any un- accrued Swaps uncharged swaps and any related un-accrued uncharged interest expenses and/or costs pertaining to any and all of such client’s Swap-free trading Accounts during Free Account(s) (c) Cancel all generated profits from the period for which such Accounts were converted into Swap-free trading Accounts; and/or Free Account(s) (c), d) Close all account(s) that the Client holds with immediate effect, to close all trading Accounts of such client with us, the Company and nullify all trades carried out positions and profits in the Swap-Free Account(s) 5.7 Hedging positions in Swap-Free Account(s) is forbidden. In such client’s trading an event, the hedged positions will be closed and swaps will be applied retroactively. 5.8 All open positions in a Swap-Free Accounts with us may be closed by the Company every Friday, an hour before the market is closed and cancel and all profits or losses garnered in such client’s trading Accounts with usmay be opened again by the Client. 5.9 All the other provisions of this Agreement shall apply to the Swap-Free Account(s).

Islamic/Swap – free accounts. 62.1. We offer the possibility to open Islamic (Swap-free) Accounts with us. Swap-free trading accounts are available only to those clients who cannot use swaps owing to their religious beliefs. Accordingly, in all instances where a request for an Islamic (Swap-free) Account is filed with us, we reserve the right to require an adequate justification for and/or proof of the necessity or need of any such conversion. Furthermore, we reserve the right to refuse the processing of any such request for any reason whatsoever, without being obliged to provide any explanation or justification. While a client may file a request for an Islamic (Swap-free) trading account at any time, the filing of any such request entails that all of such client’s other real trading Accounts with us will be converted into Swap-free trading accounts also, without any further notice being required. Conversion of a real trading Account to a Swap-free trading account is performed by our Middle Office Department only upon the request and consent of those clients who complete and submit a request for an Islamic (Swap-free) Account. Upon the receipt of such a duly signed and executed request, we shall evaluate request and any ancillary documentation submitted to us and shall inform the client who equested requested the conversion by e-e- mail whether the request is accepted or not. 62.2. Clients are not allowed to use Swap-free Accounts to make profits from Swaps and may not request the payment of any Swap amounts that have been lost as a result of converting their real trading Account(s) into one or more Swap-free Account(s) for the period during which their real trading Account(s) has/have been converted into one or more Swap-free account(s). 62.3. We reserve the right to revoke the Swap-free status granted to any real trading Account at any time without being obliged to provide any explanation or justification. Furthermore, in the event that we detect any form of abuse, fraud, manipulation, cash-back arbitrage, carry trades, or other forms of deceitful or fraudulent activity in regard to any Swap-free Account of any client, we reserve the right, at any time, (a) with immediate effect, to revoke the Swap-free status from any and all real trading Accounts of such client that have been converted to a Swap-free trading Account; (b) to correct and recover any un- accrued Swaps and any related un-accrued interest expenses and/or and or costs pertaining to any and all of such client’s Swap-free trading Accounts during the period for which such Accounts were converted into Swap-free trading Accounts; and/or (c), with immediate effect, to close all trading Accounts of such client with us, nullify all trades carried out in such client’s trading Accounts with us and cancel and all profits or losses garnered in such client’s trading Accounts with us.

Islamic/Swap – free accounts. 62.1. 63.1 We offer the possibility to open Islamic (Swap-free) Accounts with us. Swap-free Islamic trading accounts are available only to those clients customers who cannot use swaps owing to their religious beliefs. Accordingly, in all instances where a request for an Islamic (Swap-free) Account is filed with us, we reserve the right to require an adequate justification for and/or proof of the necessity or need of any such conversion. Furthermore, we reserve the right to refuse the processing of any such request for any reason whatsoever, without being obliged to provide any explanation or justification. . 63.2 While a client customer may file a request for an Islamic (Swap-free) trading account at any time, the filing of any such request entails that all of such clientcustomer’s other real trading Accounts with us will be converted into Swap-free Islamic trading accounts also, without any further notice being required. Conversion of a real trading Account to a Swap-free an Islamic trading account is performed by our Back-Office Department only upon the request and consent of those clients customers who complete and submit a request for an Islamic (Swap-free) Account. Upon the receipt of such a duly signed and executed request, we shall evaluate request and any ancillary documentation submitted to us and shall inform the client customer who equested requested the conversion by e-mail whether the request is accepted or not. 62.2. Clients 63.3 Customers are not allowed to use Islamic (Swap-free free) Accounts to make profits from Swaps and may not request the payment of any Swap amounts that have been lost as a result of converting their real trading Account(s) into one or more Swap-free Islamic Account(s) for the period during which their real trading Account(s) has/have been converted into one or more Swap-free Islamic account(s). 62.3. 63.4 We reserve the right to revoke the Swap-free Islamic status granted to any real trading Account at any time without being obliged to provide any explanation or justification. Furthermore, in the event that we detect any form of abuse, fraud, manipulation, cash-back arbitrage, carry trades, or other forms of deceitful or fraudulent activity in regard to any Swap-free Islamic Account of any clientcustomer, we reserve the right, at any time, (a) with immediate effect, to revoke the Swap-free Islamic status from any and all real trading Accounts of such client customer that have been converted to a Swap-free Islamic trading Account; (b) to correct and recover any un- un-accrued Swaps and any related un-accrued interest expenses and/or and or costs pertaining to any and all of such clientcustomer’s Swap-free Islamic trading Accounts during the period for which such Accounts were converted into Swap-free Islamic trading Accounts; and/or (c), with immediate effect, to close all trading Accounts of such client customer with us, nullify all trades carried out in such clientcustomer’s trading Accounts with us and cancel and all profits or losses garnered in such clientcustomer’s trading Accounts with us. 63.5 Trading positions of Islamic (Swap-free) Accounts are closed automatically after 14 days of being opened.

Islamic/Swap – free accounts. 62.1. 67.1 We offer the possibility to open Islamic (Swap-free) Accounts with us. Swap-free trading accounts are available only to those clients who cannot use swaps owing to their religious beliefs. Accordingly, in all instances where a request for an Islamic (Swap-free) Account is filed with us, we reserve the right to require an adequate justification for and/or proof of the necessity or need of any such conversion. Furthermore, we reserve the right to refuse the processing of any such request for any reason whatsoever, without being obliged to provide any explanation or justification. . 67.2 While a client may file a request for an Islamic (Swap-free) trading account at any time, the filing of any such request entails that all of such client’s other real trading Accounts with us will be converted into Swap-Swap- free trading accounts also, without any further notice being required. Conversion of a real trading Account to a Swap-free trading account is performed by our Back-Office Department only upon the request and consent of those clients who complete and submit a request for an Islamic (Swap-Swap- free) Account. Upon the receipt of such a duly signed and executed request, we shall evaluate request and any ancillary documentation submitted to us and shall inform the client who equested requested the conversion by e-mail whether the request is accepted or not. 62.2. Clients 67.3 clients are not allowed to use Swap-free Accounts to make profits from Swaps and may not request the payment of any Swap amounts that have been lost as a result of converting their real trading Account(s) into one or more Swap-free Account(s) for the period during which their real trading Account(s) has/have been converted into one or more Swap-free account(s). 62.3. 67.4 We reserve the right to revoke the Swap-free status granted to any real trading Account at any time without being obliged to provide any explanation or justification. Furthermore, in the event that we detect any form of abuse, fraud, manipulation, cash-cash- back arbitrage, carry trades, or other forms of deceitful or fraudulent activity in regard to any Swap-free Account of any client, we reserve the right, at any time, (a) with immediate effect, to revoke the Swap-free status from any and all real trading Accounts of such client that have been converted to a Swap-free trading Account; (b) to correct and recover any un- accrued Swaps and any related un-accrued interest expenses and/or and or costs pertaining to any and all of such client’s Swap-free trading Accounts during the period for which such Accounts were converted into Swap-free trading Accounts; and/or (c), with immediate effect, to close all trading Accounts of such client with us, nullify all trades carried out in such client’s trading Accounts with us and cancel and all profits or losses garnered in such client’s trading Accounts with us.

Islamic/Swap – free accounts. 62.1. 72.1 We offer the possibility to open option of opening Islamic (Swap-free) Accounts accounts with us. Swap-free trading accounts are only available only to those clients who cannot use swaps owing customers who, due to their religious beliefs, cannot use swaps. AccordinglyTherefore, in all instances cases where a request an application is filed with us for an Islamic (Swap-free) Account is filed with usaccount, we reserve the right to require an adequate justification for and/or proof of the necessity or need of for any such conversion. FurthermoreIn addition, we reserve the right to refuse the processing of any such request right, for any reason whatsoever, to refuse to process any such request, without being obliged to provide any explanation or justification. . 72.2 While a client customer may at any time file a request for an Islamic (Swap-free) trading account at any timeaccount, the filing of any such request entails means that all other actual trading accounts of such client’s other real trading Accounts customers with us will also be converted into Swap-free trading accounts also, without any further notice being required. Conversion Our Middle Office Department only carries out the conversion of a real trading Account account to a Swapswap-free trading account is performed only upon the request and consent of those clients customers who complete and submit a request for an Islamic (Swap-swap free) Accountaccount. Upon the receipt of Once such a duly signed and executed requestrequest has been received, we shall will evaluate the request and any ancillary additional documentation submitted to us and shall inform the client customer who equested requested the conversion by e-mail email whether or not the request is accepted or nothas been accepted. 62.2. Clients 72.3 Customers are not allowed permitted to use Swap-free Accounts accounts to make Swap profits from Swaps and may are not permitted to request the payment of any Swap amounts that have been lost as a result of converting the conversion of their real trading Account(saccount(s) into one or more Swap-free Account(s) accounts for the period during which their real trading Account(saccount(s) has/have has been converted into one or more Swap-free account(s)accounts. 62.3. 72.4 We reserve maintain whatever authority is needed to renounce the right to revoke the Swap-free swap status granted allowed to any real trading genuine exchanging Account at any time whenever without being obliged to provide give any explanation clarification or justificationavocation. FurthermoreMoreover, in the event that if we detect identify any form type of abusemisuse, fraudmisrepresentation, manipulationcontrol, cash-money back arbitrageexchange, carry tradesconvey exchanges, or other forms different types of deceitful misleading or fraudulent activity in regard to fake action concerning any Swap-free without swap Account of any clientcustomer, we reserve hold the right, at any timewhenever, (a) with immediate effectquick impact, to revoke renounce the Swap-free without swap status from any and all real trading genuine exchanging Accounts of such client customer that have been converted changed over to a Swap-free trading sans swap exchanging Account; (b) to correct address and recover recuperate any un- accrued dis- accumulated Swaps and any related undis-accrued interest expenses and/or gathered premium costs pertaining and additionally costs relating to any and all of such client’s Swap-free trading customer's without swap exchanging Accounts during the period for which such Accounts were converted changed over into Swap-free trading without swap exchanging Accounts; and/or as well as (c), with immediate effectprompt impact, to close all trading exchanging Accounts of such client customer with us, nullify invalidate all trades carried out exchanges did in such client’s trading customer's exchanging Accounts with us and cancel drop and all profits benefits or losses garnered misfortunes earned in such client’s trading customer's exchanging Accounts with us.

Islamic/Swap – free accounts. 62.1. 72.1 We offer the possibility to open option of opening Islamic (Swap-free) Accounts accounts with us. Swap-free trading accounts are only available only to those clients who cannot use swaps owing customers who, due to their religious beliefs, can not use swaps. AccordinglyTherefore, in all instances cases where a request an application is filed with us for an Islamic (Swap-free) Account is filed with usaccount, we reserve the right to require an adequate justification for and/or proof of the necessity or need of for any such conversion. FurthermoreIn addition, we reserve the right to refuse the processing of any such request right, for any reason whatsoever, to refuse to process any such request, without being obliged to provide any explanation or justification. . 72.2 While a client customer may at any time file a request for an Islamic (Swap-free) trading account at any timeaccount, the filing of any such request entails means that all other actual trading accounts of such client’s other real trading Accounts customers with us will also be converted into Swap-free trading accounts also, without any further notice being required. Conversion Our Middle Office Department only carries out the conversion of a real trading Account account to a Swapswap-free trading account is performed only upon the request and consent of those clients customers who complete and submit a request for an Islamic (Swap-swap- free) Accountaccount. Upon the receipt of Once such a duly signed and executed requestrequest has been received, we shall will evaluate the request and any ancillary additional documentation submitted to us and shall inform the client customer who equested requested the conversion by e-mail email whether or not the request is accepted or nothas been accepted. 62.2. Clients 72.3 Customers are not allowed permitted to use Swap-free Accounts accounts to make Swap profits from Swaps and may are not permitted to request the payment of any Swap amounts that have been lost as a result of converting the conversion of their real trading Account(saccount(s) into one or more Swap-free Account(s) accounts for the period during which their real trading Account(saccount(s) has/have has been converted into one or more Swap-free account(s)accounts. 62.3. 72.4 We reserve maintain whatever authority is needed to renounce the right to revoke the Swap-free swap status granted allowed to any real trading genuine exchanging Account at any time whenever without being obliged to provide give any explanation clarification or justificationavocation. FurthermoreMoreover, in the event that if we detect identify any form type of abusemisuse, fraudmisrepresentation, manipulationcontrol, cash-money back arbitrageexchange, carry tradesconvey exchanges, or other forms different types of deceitful misleading or fraudulent activity in regard to fake action concerning any Swap-free without swap Account of any clientcustomer, we reserve hold the right, at any timewhenever, (a) with immediate effectquick impact, to revoke renounce the Swap-free without swap status from any and all real trading genuine exchanging Accounts of such client customer that have been converted changed over to a Swap-free trading sans swap exchanging Account; (b) to correct address and recover recuperate any un- accrued dis-accumulated Swaps and any related undis-accrued interest expenses and/or gathered premium costs pertaining and additionally costs relating to any and all of such client’s Swap-free trading customer's without swap exchanging Accounts during the period for which such Accounts were converted changed over into Swap-free trading without swap exchanging Accounts; and/or as well as (c), with immediate effectprompt impact, to close all trading exchanging Accounts of such client customer with us, nullify invalidate all trades carried out exchanges did in such client’s trading customer's exchanging Accounts with us and cancel drop and all profits benefits or losses garnered misfortunes earned in such client’s trading customer's exchanging Accounts with us.