Swap-Free Account Terms & 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 (the “Instruments”) free of Swap Charges.

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

We may, at any time, at our discretion and without providing you with a reason: (1) refuse to process a request for a Swap-Free Account; (2) amend, supplement or revoke these Swap-Free Terms without notice to you; or (3) revoke the Swap-Free Account status granted to you, in which case your account will revert to a swap-enabled account. Should this not be acceptable to you, you may terminate your account in accordance with the Terms.

Positions held on a Swap-Free Account will not incur Swap Charges for as long as they remain open within the swap-free eligibility period.

However, we reserve the right, at our sole discretion, to apply administrative charges or retroactive Swap Charges if we determine that the Swap-Free Account is being misused or abused. Such charges may be applied retrospectively to all relevant positions from the date they were opened, without prior notice.

Any such charges will appear on your statement and will be deducted from the equity in your account, which may impact your margin requirements.

You are not permitted to use a Swap-Free Account for the primary purpose of making a profit from Swap Charges. Examples of misuse include, but are not limited to: holding long-term carry trades to benefit disproportionately from the absence of Swap Charges; engaging in arbitrage, manipulation or fraudulent trading strategies; and any activity that we reasonably consider abusive or inconsistent with the intended purpose of Swap-Free Accounts.

If we detect abuse, fraud, manipulation or any other prohibited activity, Auric International Markets Ltd. may, at any time and at its sole discretion: (1) revoke the swap-free status of your Swap-Free Account with immediate effect; (2) correct and recover all Swap Charges retrospectively, as if the account had not been Swap-Free; (3) apply additional administrative or penalty fees; and (4) terminate your access to Swap-Free Accounts and/or terminate these Swap-Free Terms with immediate effect, without the need for prior notice or court order.

You acknowledge, understand and agree that Auric International Markets Ltd. may, at any time and at its sole discretion, charge you additional fees — including Swap Charges or administrative charges — in the manner and for the period we deem appropriate.

The minimum spread for instruments may be widened and commissions increased for a Swap-Free Account, and Swap-Free Accounts are subject to regular checks and monitoring.

We reserve the right to charge fees on instruments not explicitly listed as swap-free, which may appear in the “swap” field on the platform.