The Swap-free trading account Terms & Conditions (“Terms”) is a supplement to the standard Terms & Conditions of Business (“Client Agreement”) between the client and JKV Global Market. and it governs the terms of the (Swap-free) Trading Account (“Swap Free”).

The Client hereby expressly acknowledges and agrees that by completing and/or submitting to JKV Global Market. the swap-free trading account request, email and/or documentation/forms and/or clicking in the appropriate space, or similar buttons or links as may be designated by JKV Global Market. to show the client’s approval and acceptance of these terms and conditions.

Swap-free trading accounts are available only to those clients who cannot use ‘swaps’ owing to their beliefs and choice. Accordingly, in all instances where a request for a Swap-free account is submitted to JKV Global Market., the company reserves the right to require an adequate justification for and/or proof of the necessity or need of any such conversion.

JKV Global Market. reserves the right to refuse the processing of any such request, at its sole discretion, for any reason whatsoever, without being obliged to provide any explanation or justification.

JKV Global Market. also reserves the right to revoke the Swap-free status granted to any standard trading account at any time, at its sole discretion, without being obliged to provide any explanation or justification. Clients are not allowed to use Swap-free trading accounts to make profits from ‘Swaps’ and may not request the payment of any ‘Swap’ amounts that have been lost as a result of converting their standard trading account(s) into one or more Swap-free account(s) for any such period prior to converting the account to a Swap Free account(s).

In the event that JKV Global Market. detects any form of abuse, fraud, manipulation, cash- back arbitrage, or other forms of deceitful or fraudulent activity in regard to any Swap-free account of any client, JKV Global Market. reserves the right, at any time:

a) with immediate effect, to revoke the Swap-free status from any and all standard trading accounts of such client that have been converted to a Swap-free trading account; and/ or

b) to correct and recover any un-accrued Swaps and any related un-accrued interest expenses and or costs pertaining to any and all of such client’s Swap-free trading accounts during the period for which such accounts were converted into Swap-free trading accounts; and / or

c) with immediate effect, to close all trading accounts of such Client with JKV Global Market., void all trades carried out in such Client’s trading accounts with JKV Global Market and cancel all profits or losses incurred in such Client’s trading accounts. In the event that Customer, due to its observance of Islamic religious beliefs cannot receive or pay interest, Customer may elect to designate, in the manner provided by JKV Global Market, its trading account to be an Islamic Account, which is not charged with, or entitled to, overnight interest and/or rollovers.

d) In the event that Customer designates its account as an Islamic account, Customer may not keep transactions in such account open for more than 5 days and may not otherwise abuse such benefit.

e) JKV Global Market reserves the right to cancel the aforesaid benefit at any time and take any action necessary in JKV Global Market’s absolute discretion due to abuse of this benefit.

f) Such actions may include, without limitation, the designation of the Islamic Account as a regular account and retroactively effecting required adjustments (e.g., setting off amounts from the account equal to amounts paid by JKV Global Market as interest), cancellation of transactions, and adjustment of account balances.

The client expressly acknowledges and understands that all the positions on the instruments listed in FX Majors, FX Minors, Metals XAU & Metals XAG security groups specified in the “Symbols” section on the MT5 platform, which remain open from 23:59:45 to 00:00 (trading platform time zone) in swap-free accounts will NOT be subject to rollover, interest accruements or storage charges. The client expressly agrees that JKV Global Market. will review all swap-free accounts on a regular basis and that all swap-free accounts will be subject to regular checks and monitoring. The client expressly acknowledges and agrees that the CFDs offered by JKV Global Market. might be charged a fee upon the rollover of a position from one contract to another, and that this fee will be charged and appear on my MT5 platform under the ‘swap’ field.

These terms as per the Client Agreement are governed by and shall be construed in accordance with the Financial Services Commission – Saint Vincent and the Grenadines. If any of the terms set forth herein were to be translated into a language other than English, then the English version shall prevail where there is an inconsistency or conflict.

Refund of Negative Balance

Risk Disclosure: Trading in Contracts for Difference (CFDs) involves substantial risk and may result in the loss of more than your initial investment due to the leveraged nature of these products.

Margin Policy: JKV adheres to a Margin Policy where the Margin Call Level is set at 100% and the Stop Out Level is set at 50% to safeguard client capital. However, as a Straight-Through Processing (STP) broker, JKV does not guarantee that accounts will stop out exactly at these levels. Market movements may cause account balances to become negative.

Refund Requirement: Clients are hereby notified that in the event of a negative balance in their account, they are required to promptly refund the negative amount to JKV.

Client Responsibility: It is the responsibility of each client to monitor their account balance and ensure sufficient funds are maintained to cover potential losses.

Notification: This notification serves as formal notice to clients regarding the management of negative balances and the refund requirement thereof. Contact Information: For further information or clarification on these terms, clients may contact JKV Nothing in thi