Swap Free Trading Account Agreement
- This Swap-Free Trading Account Agreement (“SFTA Agreement”) sets out the terms and conditions for swap-free trading accounts. This SFTA Agreement defines the terms and conditions under which Doo Prime may provide a swap free account to the Client (alternatively, “you”; “your”).
- The SFTA Agreement is supplemental to, integrated with, and should be read alongside our Client Agreement that governs our trading relationship with you at Doo Prime. By completing and signing or electronically submitting your application on our website or via a mobile application, as applicable, you confirm that you agree in participating in this Swap-Free and Swap Reduction Campaign (“Campaign”) and the terms and conditions herein shall be binding on the Client.
- The Client’s participation in this Campaign shall also be taken as the Client’s consent to be legally bound by the terms and conditions herein and any of its subsequent amendments.
- Unless separately defined herein, capitalised words and expressions shall have the same meanings given to them in the Client Agreement.
Terms and Conditions:
- This Campaign shall continue to take effect until termination with written notice from Doo Prime.
- All Clients shall be entitled to participate in this Campaign, however, notwithstanding Clause 5 above, Doo Prime reserves the sole discretion to determine the eligibility of participants in this Campaign and Doo Prime has the right to deny the Client’s request for a swap-free account for any reason and is under no obligation to provide an explanation or justification to the Client for its decision.
- Once accepted by the Company for swap-free trading, all the Client’s accounts held with us will be converted into swap-free trading accounts without further notice.
- Doo Prime is not liable to the Client for any loss encountered as a result of converting a real trading account into a swap-free trading account.
- Notwithstanding Clause 6 above, the Client acknowledges that this Campaign is only applicable to certain jurisdictions, certain types of trading instruments and certain types of trading accounts. Doo Prime may amend or remove any trading instruments under this Campaign at any time without any prior notice to the Client. The dividend charges for applicable trading instruments shall remain payable by the Client and Doo Prime reserves the right to include other charges applicable without any prior notice.
- Swap-Free Grace Period:
The swap-free grace period will vary depending on the type of symbols traded, as follows:- Cryptocurrency, Futures CFDs, Shares Equities: No grace period, swaps are applied immediately (0 days).
- Oil, Metals (XAUUSD and XAUEUR only), Forex Major (JPY pairs only), Forex Cross (JPY pairs only): 1-day grace period. Note: Swaps are applied normally on Wednesdays.
- Forex Major (USDCHF only), Forex Cross (excluding JPY pairs), Forex Minor (excluding JPY pairs), Metals (excluding XAUUSD and XAUEUR), Spot Index CFDs: 5-day grace period with no excluded days.
- Forex Major (except USDCHF): These positions are entirely swap-free, with no grace period limits.
- Non-Swap-Free Days: Wednesdays are considered non-swap-free days for symbols that fall under the 1-day grace period category (such as Oil, Metals, and JPY-related Forex pairs). No specific days are excluded for other symbol categories unless mentioned above.
- Doo Prime also reserves the right to (i) revoking the swap-fee status from any and all of the Client’s account(s); (ii) correcting and/or recovering unaccrued swaps, interest, expenses, and/or costs, pertaining to the Client’s accounts during the swap-free grace period, and (iii) suspend or terminate the Client’s participation in this Campaign by closing all of the Client’s accounts with Doo Prime, nullifying any trades carried out in the Client’s accounts and cancelling any related profits or losses without any prior notice and without explanation, in the following events, including but not limited to:
- any breach of terms and conditions of the Client Agreement;
- when Doo Prime has reasonable suspicion that the Client has performed unfair market practices (including but not limited to fraud manipulation, performed unusual or abnormal trading activities, acted contrary in good faith, engaged in illegal and/or immoral activity, including but not limited to money laundering, hedging in bad faith, fraud, or any other forms of deceitful or fraudulent activity;
- when Doo Prime has reasonable suspicion that the client utilized the swap-free account for suspected swap arbitraging activities, or acting in bad faith;
- disruption, failure or error of trading platform, services, software, third party software, equipment, internet service provider or any other technicality error;
- under abnormal market conditions;
- Doo Prime has sent a notice of termination to the Client;
- any event that impairs or restricts the trading platform to function on a normal basis;
- any of the Client’s trading account is suspended; or
- any circumstances as Doo Prime deems fit.
- Upon suspension or termination of the Client’s participation in the Campaign in according with Clause 12 above, Doo Prime shall have the right to close the Client’s positions, retrospectively claim for any fees and interests due for swaps from the Client and exercise other rights in accordance with the Client Agreement.
- Save as otherwise expressly provided herein, the Client agrees and undertakes with Doo Prime to indemnify and hold Doo Prime, Doo Prime’s associates, related companies, third party service providers, licensors harmless from and against any damage or loss suffered, incurred or sustained by that Doo Prime, or to which that Doo Prime becomes subject, resulting from, arising out of or relating to any breach of terms and conditions herein by the Client.
- The Campaign shall be provided on “as is, where is” basis. Doo Prime makes no express or implied representations or warranties as to the availability, accuracy, or completeness of this Campaign.
- The official language of these terms and conditions shall be English. Doo Prime may provide these terms and conditions in other languages for information purposes only and in the event of any inconsistency or discrepancy between the English version of the terms and conditions herein and any other language version, the English version shall prevail.
- Doo Prime may alter, amend, or terminate this terms and conditions at any time and without prior notice.
*Doo Prime is a trading / brand name of various entities. Doo Prime is comprised of the following regulated legal entities:
(i) Doo Prime Seychelles Limited, Republic of Seychelles. Doo Prime Seychelles Limited is a licensed securities dealer, authorized and regulated by the Seychelles Financial Services Authority, and the regulatory number is SD090;
(ii) Doo Prime Mauritius Limited, Republic of Mauritius. Doo Prime Mauritius Limited is a licensed investment dealer, authorized and regulated by the Mauritius Financial Services Commission, and the regulatory number is C119023907; and
(iii) Doo Prime Vanuatu Limited, Republic of Vanuatu. Doo Prime Vanuatu Limited is a licensed financial dealer, authorized and regulated by the Vanuatu Financial Services Commission, and the regulatory number is 700238.
*Trading involves risk. Please see our Risk Disclosure And Acknowledgement Notice that is made available on our website.
*For more campaign-related details, please contact your 1-on-1 exclusive account manager.