Common use of Swap Free Client Accounts Clause in Contracts

Swap Free Client Accounts. 25.1. The Company may, from time to time, offer Swap Free Client Accounts for CFD trading in Currencies, Futures, Spot Crude Oil (Xxxxx and West Texas Intermediate - WTI), Spot Gold and Spot Silver. The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts. 25.2. If the Client has a Swap Free Client Account, no Swaps or Roll over Charges will be applied to Trading Positions overnight. Any charges applicable to Swap Free Client Accounts appear in the Contract Specifications or on the Company’s Website. Such type of Account (“Swap Free Account”) is subject to special Terms and Conditions, which you are strongly advised to red from time to time and make sure that you are aware of other charges accordingly. 25.3. The Client who has a Swap Free Client Account may not hold his Floating Positions for a long time period and hence gain profits, if such profits are made on the company’s detriment (i.e. expense, cost, financial burden etc.) regardless of where any circumstances/facts changed or not. In such an event, the Client must close the Floating Positions and Swaps will be applied retroactively. 25.4. Hedging a Position by its corresponding CFD Contract in a Swap Free Account is forbidden. In such an event, the Client must close the xxxxxx immediately and Swaps will be applied retroactively. 25.5. The accounts which are not Swap Free shall be subject to swap charges which change from time to time. Such changes can happen even daily, depending on our execution venues and business operational arrangement at each point in time. For the prices on swaps please revise the relevant section in the platform before you open the specific transaction. 25.6. The Company reserves the right to discontinue the provision of Swap Free Account for whatever reason, under the Company’s sole and absolute discretion. In case of such discontinuation the company will give one (1) business day notice to the relevant contact details that you (the Client) have provided to the company in your application form or as have reasonably notified of any updates accordingly. 25.7. The Company reserves the right, to do not exercise the right in clause 25.6 above, but instead of discontinuation of Swap Free Account turn it into a normal account and simply impose swaps in order to avoid any burdening cost and/or expenses on the Company, without any obligation on the Company to prove such burden of cost and/or expenses.

Appears in 1 contract

Samples: Client Agreement

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Swap Free Client Accounts. 25.1. The Company may, from time to time, offer Swap Free Client Accounts for CFD trading in Currencies, Futures, Spot Crude Oil (Xxxxx and West Texas Intermediate - WTI), Spot Gold and Spot Silver. The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts. 25.2. If the Client has a Swap Free Client Account, no Swaps or Roll over Charges will be applied to Trading Positions overnight. Any charges applicable to Swap Free Client Accounts appear in the Contract Specifications or on the Company’s Website. Such type of Account (“Swap Free Account”) is subject to special Terms and Conditions, which you are strongly advised to red from time to time and make sure that you are aware of other charges accordingly. 25.3. The Client who has a Swap Free Client Account may not hold his Floating Positions for a long time period and hence gain profits, if such profits are made on the company’s detriment (i.e. expense, cost, financial burden etc.) regardless of where any circumstances/facts changed or not. In such an event, the Client must close the Floating Positions and Swaps will be applied retroactively. 25.4. Hedging a Position by its corresponding CFD Contract in a Swap Free Account is forbidden. In such an event, the Client must close the xxxxxx immediately and Swaps will be applied retroactively. 25.5. The accounts which are not Swap Free shall be subject to swap charges which change from time to time. Such changes can happen even daily, depending on our execution venues and business operational arrangement at each point in time. For the prices on swaps please revise the relevant section in the platform before you open the specific transaction.from 25.6. The Company reserves the right to discontinue the provision of Swap Free Account for whatever reason, under the Company’s sole and absolute discretion. In case of such discontinuation the company will give one one (1) business day notice to the relevant contact details that you (the Client) have provided to the company in your application form or as have reasonably notified of any updates accordingly. 25.7. The Company reserves the right, to do not exercise the right in clause 25.6 above, but instead of discontinuation of Swap Free Account turn it into a normal account and simply impose swaps in order to avoid any burdening cost and/or expenses on the Company, without any obligation on the Company to prove such burden of cost and/or expenses.

Appears in 1 contract

Samples: Client Agreement

Swap Free Client Accounts. 25.1. The Company may, from time to time, offer Swap Free Client Accounts for CFD trading in Currencies, Futures, Spot Crude Oil (Xxxxx and West Texas Intermediate - WTI), Spot Gold and Spot Silver. The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts.in 25.2. If the Client has a Swap Free Client Account, no Swaps or Roll over Charges will be applied to Trading Positions overnight. Any charges applicable to Swap Free Client Accounts appear in the Contract Specifications or on the Company’s Website. Such type of Account (“Swap Free Account”) is subject to special Terms and Conditions, which you are strongly advised to red from time to time and make sure that you are aware of other charges accordingly. 25.3. The Client who has a Swap Free Client Account may not hold his Floating Positions for a long time period and hence gain profits, if such profits are made on the company’s detriment (i.e. expense, cost, financial burden etc.) regardless of where any circumstances/facts changed or not. In such an event, the Client must close the Floating Positions and Swaps will be applied retroactively. 25.4. Hedging a Position by its corresponding CFD Contract in a Swap Free Account is forbidden. In such an event, the Client must close the xxxxxx immediately and Swaps will be applied retroactively. 25.5. The accounts which are not Swap Free shall be subject to swap charges which change from time to time. Such changes can happen even daily, depending on our execution venues and business operational arrangement at each point in time. For the prices on swaps please revise the relevant section in the platform before you open the specific transaction. 25.6. The Company reserves the right to discontinue the provision of Swap Free Account for whatever reason, under the Company’s sole and absolute discretion. In case of such discontinuation the company will give one one (1) business day notice to the relevant contact details that you (the Client) have provided to the company in your application form or as have reasonably notified of any updates accordingly.) 25.7. The Company reserves the right, to do not exercise the right in clause 25.6 above, but instead of discontinuation of Swap Free Account turn it into a normal account and simply impose swaps in order to avoid any burdening cost and/or expenses on the Company, without any obligation on the Company to prove such burden of cost and/or expenses.

Appears in 1 contract

Samples: Client Agreement

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Swap Free Client Accounts. 25.1. The Company may, from time to time, offer Swap Free Client Accounts for CFD trading in Currencies, Futures, Spot Crude Oil (Xxxxx and West Texas Intermediate - WTI), Spot Gold and Spot Silver. The Company in its discretion may change the Underlying Assets available for Swap free Client Accounts. 25.2. If the Client has a Swap Free Client Account, no Swaps or Roll over Charges will be applied to Trading Positions overnight. Any charges applicable to Swap Free Client Accounts appear in the Contract Specifications or on the Company’s Website. Such type of Account (“Swap Free Account”) is subject to special Terms and Conditions, which you are strongly advised to red from time to time and make sure that you are aware of other charges accordingly.charges 25.3. The Client who has a Swap Free Client Account may not hold his Floating Positions for a long time period and hence gain profits, if such profits are made on the company’s detriment (i.e. expense, cost, financial burden etc.) regardless of where any circumstances/facts changed or not. In such an event, the Client must close the Floating Positions and Swaps will be applied retroactively. 25.4. Hedging a Position by its corresponding CFD Contract in a Swap Free Account is forbidden. In such an event, the Client must close the xxxxxx immediately and Swaps will be applied retroactively. 25.5. The accounts which are not Swap Free shall be subject to swap charges which change from time to time. Such changes can happen even daily, depending on our execution venues and business operational arrangement at each point in time. For the prices on swaps please revise the relevant section in the platform before you open the specific transaction. 25.6. The Company reserves the right to discontinue the provision of Swap Free Account for whatever reason, under the Company’s sole and absolute discretion. In case of such discontinuation the company will give one one (1) business day notice to the relevant contact details that you (the Client) have provided to the company in your application form or as have reasonably notified of any updates accordingly. 25.7. The Company reserves the right, to do not exercise the right in clause 25.6 above, but instead of discontinuation of Swap Free Account turn it into a normal account and simply impose swaps in order to avoid any burdening cost and/or expenses on the Company, without any obligation on the Company to prove such burden of cost and/or expenses.any

Appears in 1 contract

Samples: Client Agreement

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