Swap-Free (Islamic) Account Policy

The Company may, at its sole discretion, offer Swap-Free (Islamic) trading accounts to eligible clients. Swap-Free accounts are designed for clients who cannot receive or pay overnight interest due to religious beliefs.

No Guaranteed Permanent Swap Exemption

While positions in a Swap-Free account may initially be exempt from overnight swap charges, the Company reserves the right to apply administrative fees, holding fees, or other charges in place of swaps at any time.

Right to Apply Charges Based on Holding Duration

If positions are held beyond a reasonable period, or if trading activity is deemed to be abusing the Swap-Free privilege (including but not limited to long-term carry strategies, arbitrage, or intentional exploitation of interest rate differences), the Company reserves the right to apply swap charges or equivalent fees.

Retroactive Adjustments

The Company reserves the right to apply swap charges or administrative holding fees retroactively, based on historical trade data, position duration, or market conditions. Such adjustments may be made without prior notice and may be reflected as balance corrections in the client’s trading account.

Abuse and Misuse

Swap-Free status must not be used to gain unfair advantage. If the Company determines, at its sole discretion, that a client is misusing a Swap-Free account, the Company may:

• Revoke Swap-Free status
• Apply swap or equivalent charges to open and closed positions
• Void profits generated from abusive trading strategies
• Suspend or terminate the account

Company Discretion

The Company retains full discretion to approve, deny, revoke, or modify Swap-Free privileges at any time, without obligation to provide justification.

By opening or using a Swap-Free account, the Client acknowledges and agrees to the terms above.