Swap Free Terms And Conditions

Our standard account type is a swap enabled account. We may agree to make a Swap Free Account available to you upon request.

Swap charges are rollover and interest charges applied when you leave a Position open overnight in accordance with the Platform time-zone (the “Swap Charges”).

If a Swap Free Account is made available to you, you will be able to trade select instruments free of Swap Charges.

If you have a Swap Free Account, all your Accounts will by default, unless agreed otherwise by us, be Swap Free Accounts.

Where a Position, whether long or short, in an Instrument remains open longer than a prescribed period of time (the Grace Period), such Position will be subject to an administrative fee calculated on a daily basis (the “Administrative Fee”).

The Administrative Fee is adjusted according to the platform policy.

On Wednesdays or Fridays, the Administrative Fee applied to your open Positions will be three times the standard Administrative Fee, to reflect fees accrued on days where the Market or Underlying Market is closed.

The Administrative Fee will appear on your statement each day as an “admin fee” and will be displayed on a per Instrument basis.

The Administrative Fee will be deducted from the Equity in your Account at the end of each trading day.

This may impact the Equity in your Account and may subsequently affect your Margin requirements. It is your responsibility to monitor your Account to ensure sufficient Margin is maintained.

A list of the relevant Instruments, Grace Periods and Administrative Fees can be found through the applicable platform link. This list may be amended, supplemented or revoked at any time at our sole discretion.

It is your responsibility to monitor the list and we are not responsible for any losses you may incur as a result of such changes.

If, on the effective date of these Swap Free Terms, you have a Position that has been open for longer than the Grace Period, the applicable Administrative Fee will be charged immediately and without further notice.

You are not permitted to use a Swap Free Account for the primary purpose of making a profit from Swap Charges.

You agree that if you have an Account with us that is subsequently converted to a Swap Free Account, a Swap Charge otherwise payable to you may be lost during the conversion.

If we detect abuse, fraud, manipulation, cash-back arbitrage, or any other deceitful or fraudulent activity on your Swap Free Account, we may act at our sole and absolute discretion.

You acknowledge, understand, and agree that we may, at any time and at our sole and absolute discretion, charge you additional fees, including Swap Charges or additional Administrative Charges, in the manner and for the period we deem appropriate.

The minimum spread for listed instruments may be widened and the commission charged may be increased for a Swap Free Account.

A Swap Free Account is subject to regular checks and monitoring.

You may be charged a fee on the Products we offer upon the rollover of a Position if you trade in a symbol that is not available on the applicable list of Instruments.

Any fee charged under this clause will appear on the Platform under the “swap” field.