Swap Free Accounts. 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.
Swap Free Accounts. 15.1. The Company, at its sole discretion, may enable swap-free trading for 10 calendar days. Upon the lapse of the 10 days the Company shall charge the swap fee to accounts holding open positions accordingly. The Client agrees that a carry commission (equivalent to swap charges) may apply.
Swap Free Accounts. 20.1. In the event the Client, due to their observance of their religious beliefs, cannot receive or pay interest, such Client may apply, by completing and submitting to the Company an application form which shall be provided to you on your request (this form may be amended by the Company from time to time) or via such other procedure as the Company may designate from time to time in its sole discretion, for their Account to be designed as a Swap Free Account not charged with or entitled to, premiums and/or rollovers and/or interest (“Swap Free Account”). The client hereby confirms and/or accepts and/or declares that a request to render their Account Swap Free shall only be made due to the said Islamic religious beliefs and for no other reason whatsoever. The Company reserves the right to refuse accepting the request of a client to designate their Account as a swap free account, upon its sole and absolute discretion which shall be conclusive and undisputable upon the Client.
Swap Free Accounts. 16.1. The Company, following the request of an Islamic Account, may enable swap-free trading for ten (10) calendar days. Upon the lapse of the ten (10) days, the Company shall charge the swap fee to accounts holding open positions accordingly. The Client agrees that a carry commission (equivalent to swap charges) may apply.
Swap Free Accounts. 10.1. In the event the client, due to their observance of their religious beliefs, cannot receive or pay interest, such client may apply for a swap free account by sending a request to xxxxxxx@xxxxxxxxx.xxx or via such other procedure as we may designate from time to time in our sole discretion, for the account to be designed as a Swap Free Account, not charged with or entitle to premium and/or rollovers and /or interests.
Swap Free Accounts. 10.1 The Company, at its sole discretion, may enable swap-free trading for 10 calendar days. Upon the lapse of the 10 days the Company shall charge the swap fee to accounts holding open positions accordingly. The Client agrees that a carry commissions (equivalent to swap charges) may apply.
Swap Free Accounts a) In the event of a customer who due to its observance of religious beliefs cannot receive or pay interest, such customer may elect to designate, in the manner provided by the Company as this may be altered from time to time, their trading account to be a swap-free account not charged with or entitled to, premiums and/or rollovers and/or interest (“Swap Free Account”). The Customer hereby confirms and/or accepts and/or declares that a request to render their account as a Swap Free Account shall only be made due to the religious beliefs and for no other reason whatsoever. The Company reserves the right to refuse to accept the request of a customer to designate their account an Swap Free, at its sole and absolute discretion which shall be conclusive and undisputable by the Customer
Swap Free Accounts. 9.1. The Company offers Swap-free Client Accounts for CFD trading. During the Account Opening process, Clients might be considered as eligible for a Swap-free Account.
Swap Free Accounts. 29.1 Eurotrade SA's Swap-Free account allows swap free trading in compliance with the Sharia Law, which means traders can trade on a Swap-Free account without being charged overnight fees.
Swap Free Accounts. The very nature of leveraged CFD and Forex contracts enables clients to trade on margin without having to hold sufficient funds to cover the full contract value of their position(s). When a trade is opened an initial deposit requirement is calculated as a proportion of the full contract value and must be held as cleared funds within the dealing account. Therefore each trade carries with it an element of lending or borrowing, reflecting the difference between the full contract value and the notional value. Financing, interest, and/or swaps, are applied to open positions daily at the close of business as a consequence of trading on margin. If a Client cannot pay or receive financing, interest, or swaps due to their observance of Islamic religious beliefs, they may request a ‘Swap-Free Account’. The Company reserves the right to request adequate justification and/or proof of the necessity or need for such an Account type. The Company reserves the right, in its sole discretion, for any reason whatsoever, and without Registered with the Financial Services Authority in Seychelles under regulatory number: SD092 Zenfinex Global Limited, F20 1st Floor, Eden Plaza, Eden Island, Seychelles +000 000 0000 xxxxx@xxxxxxxx.xxx justification or explanation, to refuse a request to convert an Account to swap-free status. The Client hereby warrants, accepts, and agrees that a request to convert his/her account to a swap- free status shall only be made due to the said Islamic religious beliefs and for no other reason whatsoever. Furthermore, the Company reserves 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, and in its sole discretion close any open positions and/or the account(s). Such action may be taken based on, but is not limited to, the following criteria: the Client`s trading history, products traded, market conditions, and where trades are held open for more than 7 days. Furthermore, in the event that the Company, in its opinion, detects any form of abuse, fraud, manipulation, ‘interest’/‘cash-back arbitrage’, or any other form of deceitful or fraudulent activity in regard to any and all swap-free accounts held by the Client, the Company reserves the right, without prior verbal or written notice, at any time, to take the following actions:
