1. The Islamic (Swap Free) Account (the Swap Free Account) is provided by the Company in accordance with the terms and conditions below and against a one-time non-refundable payment as required at the time of opening the Swap Free Account (“purchase amount ”). The purchase amount will be deducted from the Customer’s actual account balance as payment for opening the account.

2. These terms and conditions are in addition to the existing Customer agreement and govern the additional terms and conditions applicable to the Swap Free Account.

3. A Swap-Free Account allows clients to trade interest-free and with no overnight fees. However, the Company does not guarantee that the No Swap Account meets the requirements of any faith or set of beliefs.

4. Any other spreads and/or commissions included in the General Fee Policy will apply.

5. Once the Swap Free Account is activated, the Customer cannot deactivate it and/or receive a refund of the payment made to purchase the Swap Free Account.

6. The Client is not entitled to payment of any swap amounts that have been lost as a result of converting their trading account to a Swap-Free Account.

7. The Company shall have the right to amend and/or change the terms and conditions of the Islamic Account (swap-free) without prior notice. The Company will notify the Customer of such changes via the Website and/or by sending the Customer an email.

8. The Company reserves the right to revoke a No Swap Account status at its sole discretion without providing prior notice to the Customer. If the Company, within 14 (fourteen) days from the creation of the No Swap Account, decides to exercise its right, at its sole discretion, and revoke the status of the No Swap Account, the Company will refund to the Customer the purchase amount of the Swap Free Account.

9. If the Company suspects that a No Swap Account is being used in a fraudulent, abusive or manipulative manner, the Company shall have the right, without prior notice, to terminate the Agreement immediately, close all open positions, block the account(s) (s), and return any remaining own funds (if applicable) excluding profits.