*Interest Free Charges
Interest Free Charges is a charge applied to accounts, carrying open positions on specific Forex Currency pairs, Spot Precious Metals and CFD Shares, as per the table above, which are not subject to Rollover/Swap. Opposite to Rollover/Swap, Interest Free Charges is always a negative amount and it is not affected by the direction of an open position (buy or sell).
Note I: Interest Free Charges are updated on a regular basis without prior notice to client(s).
Note II: Interest Free Charges are applied to each position held open, not taking into consideration if position(s) is partially or” fully” hedged.
Note III: The Company may, apply Rollover/Swap, at any time if deemed necessary, on all transactions executed under account(s), irrelevant if the account(s) was activated under the Interest Free condition.
Note IV: The Company may change the predetermined period for the Interest Free charge, without prior notice to client(s).
Note V: Interest Free charge is applied on a daily basis, for positions held open, except on positions held open on Fridays, when the charges applied are for 3 days value.
Note VI: The “Interest Free Charge” shall not apply to any Forex Currency Pairs and Spot Precious Metals stating “indefinitely” within the above table and in cases where such positions are hedged for a period of 15 days, the Company shall close these positions.