The most of Forex Broker implement the provisions of Swap-Free Trading Account :
- This Agreement regulates the procedures and terms for using the trading accounts of the Swap-Free group and is a supplement to the basic Agreement for provision of services. The Agreement is considered to be in force from the time of converting the Customer's trading account to the Swap-Free group accounts.
- Conversion of trading accounts to the Swap-Free group is performed by the Company's customer service by the request and consent of the Customer who completes the application form pertaining to obtaining this service. The Company has a right to refuse to provide services without an explanation of reasons.
- The entire absence of charging an interest in all its forms is applied to all the trading accounts of the Swap-Free group as follows:
- When rolling the position over in a midnight is the swap operation;
- Fixed fee rate of 6% is an interest rate.
- The Customer has a right to request the conversion of their sub-account to the regular group at any moment. In case of another request for conversion to the Swap-Free group accounts , the Company can require an adequate justification for the necessity of these actions for the Customer.
- The Customer may not request the payment of the Swap amounts that have been lost as a result of converting the Customer's sub-account to the Swap-Free group accounts for the period when the sub-account has been in the Swap-Free group accounts.
- The Company reserves the right to return the Customer's sub-account from the Swap-Free group to the group of regular accounts in case of discovering purposeful operations to make profits on the difference of the interest rates .
- This Agreement is in addition to the main Agreement regarding the provision of the Company's services and bears a higher priority in case of appearing discrepancies with the main Agreement in regards with the trading terms .
- The time of this Agreement termination is the receipt of the Customer's application by the Company's Customer Service Department regarding the refusal from the sub-account in the Swap-Free group .
- The location for the Agreement conclusion is considered to be same by the Parties as the location where the main Service Agreement has been concluded.
Comments
8 comments to "Swap-Free Trading Account Use Agreement"
October 14, 2011 at 9:17 AM
Really the 'Swap-Free group' provide more flexibility with the trading options.
December 1, 2011 at 4:16 AM
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December 29, 2011 at 3:39 AM
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December 30, 2011 at 2:28 AM
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