SWAP-FREE TERMS AND CONDITIONS

SWAP-FREE TRADING TERMS AND CONDITIONS

1. INTRODUCTION AND INTERPRETATION

1.1. This Swap-Free Trading Supplement (“Supplement”) is issued by Zeal Capital Market (Seychelles) Limited (trading as ZFX and Traze) (the “Company”) and forms an integral part of the Company’s Client Agreement (Terms and Conditions).

1.2. This Supplement governs the provision of Swap-Free accounts, primarily intended for eligible clients residing in the MENA region (including Turkey) who require trading conditions aligned with Sharia principles.

1.3. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Client Agreement. In the event of any inconsistency between this Supplement and the Client Agreement, the Client Agreement shall prevail, except regarding specific Swap-Free trading mechanics where this Supplement shall take precedence.

2. ELIGIBILITY AND DISCRETION

2.1. Swap-Free status is a privilege, not an automatic right. It is granted strictly at the Company’s sole and absolute discretion.

2.2. The Company reserves the right to approve, decline, revoke, suspend, or modify Swap-Free status at any time, for any reason, without prior notice to the Client.

3. SWAP-FREE CONDITIONS

3.1. Grace Period: Subject to the Regional Equity Thresholds in Section 4, positions held on Swap-Free accounts shall be exempt from swap charges and administrative fees for a grace period of five (5) rollover nights, commencing from the time the position is opened.

3.2. Administrative Fees: Upon the expiration of the Grace Period, the Company shall apply Administrative Fees to open positions.

(a) Administrative Fees are charged per lot, per night. (b) The specific fee amounts vary by instrument and are determined solely by the Company. (c) Fee schedules are subject to change and may be published on the Company’s website or platform.

3.3. Triple Rollover: The Client acknowledges that, depending on the specific instrument traded and the Company’s system configuration, rollover fees or grace period calculations on Wednesdays or Fridays may count as three (3) rollover nights to account for market weekends.

4. REGIONAL EQUITY THRESHOLDS

The application of the Grace Period is conditional upon the Client’s account equity remaining below specific thresholds based on the Client’s region of residence.

4.1. Turkey: For Clients residing in Turkey:

(a) The 5-day Grace Period applies only if the account equity is below USD 3,000. (b) If the account equity is USD 3,000 or above, Administrative Fees shall apply immediately upon position rollover, and the Grace Period shall be waived.

4.2. Rest of MENA Region: For Clients residing in the MENA region (excluding Turkey):

(a) The 5-day Grace Period applies only if the account equity is below USD 100,000. (b) If the account equity is USD 100,000 or above, Administrative Fees shall apply immediately upon position rollover, and the Grace Period shall be waived.

5. PROHIBITED USE AND ABUSE

5.1. The Swap-Free facility is provided strictly to facilitate religious compliance and must not be used to generate profits from interest rate differentials or to evade trading costs.

5.2. The Company strictly prohibits any form of abuse, including but not limited to:

(a) Carry Trades: Holding positions primarily to avoid swap charges or earn interest-free financing. (b) Arbitrage: Exploiting swap differentials between the Company and other brokers. (c) Cash-and-Carry: Entering into offsetting positions in the spot and futures markets to capture risk-free profit. (d) Trading Patterns: Executing strategies that generate insufficient spread revenue relative to the financing costs incurred by the Company.

6. REMEDIES FOR BREACH

6.1. If the Company, in its sole discretion, detects any form of abuse, manipulation, or violation of these terms, the Company reserves the right to take one or more of the following actions with immediate effect:

(a) Revoke Swap-Free status on all Client accounts; (b) Convert the account to a standard swap-charging account; (c) Retroactively calculate and charge swap fees or administrative fees for all past and current positions; (d) Deduct such amounts directly from the Client’s account balance; and (e) Terminate the Client Agreement.

6.2. All determinations made by the Company regarding abusive trading behavior shall be final and binding.

7. AMENDMENTS

7.1. The Company reserves the right to amend this Supplement, including Grace Periods, Equity Thresholds, and Administrative Fees, at any time.

7.2. Continued use of the Swap-Free account following any such amendment constitutes the Client’s acceptance of the modified terms.