1.1.Online trading services are made available by Honor Capital Markets Limited, a company incorporated under the laws of Mauritius with Business Registration Number C20175991, having its registered office at C/O Credential International Management Ltd, The Catalyst, Ground Floor, Silicon Avenue, 40 Cybercity, 72201 Ebene, Mauritius (referred to as "we", "us" or "our", as applicable). These services are governed by the following terms and conditions together with the completed account application form, as amended or updated from time to time (collectively referred to as the "Agreement"). The Agreement shall apply to all transactions and interactions between you and us.
1.2. Honor Capital Markets Limited is licensed and regulated by the Financial Services Commission, Mauritius ("FSC Mauritius") as an Investment Dealer (Full Service Dealer, Excluding Underwriting) pursuant to the Securities Act 2005 and the Securities (Licensing) Rules
2007. The Company holds Investment Dealer License Number GB20025826 (License Code SEC-2.1B) and also holds a Global Business License issued under Section 72(6) of the Financial Services Act. Details of our regulatory status are available upon request and through our official disclosures.
1.3. Through our dealings with you, we shall provide access to an Online Facility that enables you to obtain information relating to our Products and to submit or receive communications and instructions concerning such Products.
1.4. For the avoidance of doubt, by electronically accepting the Agreement, or by accessing and continuing to use our services, you acknowledge and agree that you
are legally bound by the terms of the Agreement.
1.5. The Agreement replaces and supersedes any prior agreements, understandings or arrangements between you and us, whether oral or written, regarding the provision of our services. We reserve the right to amend or modify the Agreement at any time by providing notice to you in writing, including through publication on our website, trading platform or account portal (together referred to as the "Online Facility"). Any amendment shall become effective on the date specified in the notice or, where no date is specified, immediately upon notification.
1.6. An up-to-date and authoritative version of these terms and conditions, including any amendments made from time to time, will remain accessible to you through the Online Facility at all times.
1.7. You agree and undertake to promptly inform us of any change to the information previously provided by you in connection with the Agreement, including
information contained within the completed account opening form.
1.8. By entering into the Agreement, you authorize us, or any third party acting on our behalf, to carry out enquiries concerning your identity, financial standing or creditworthiness, including contacting banks, financial institutions or credit reference agencies as deemed appropriate.
1.9. All communications between you and us shall be conducted in the English language, and all transactions entered into with or through us shall be concluded in English. Where translations are made available, the English version shall prevail.
1.10. Certain capitalised words and expressions used in these terms and conditions have specific defined meanings to improve readability and interpretation. Unless otherwise required by the context, any defined term shall carry the same meaning throughout the Agreement.
1.11.1. You may withdraw from the Agreement within fourteen (14) days from the date on which we receive your completed account opening application. Should you wish to exercise this right, you may contact our compliance department or send an email from your registered email address using the contact information provided on our website.
1.11.2. Your right of cancellation applies solely to the termination of the Agreement itself and shall not affect any rights, obligations, liabilities, indemnities, or commitments that have accrued prior to cancellation, nor any provisions which are intended to remain in force following termination of the Agreement.
1.11.3. No cancellation fee shall be charged in connection with exercising your cancellation rights. However, cancellation will not impact transactions or instructions initiated before we receive your notice of cancellation. Upon receipt of
such notice, we may cancel any pending orders and close any open positions at the prevailing market price, as determined by us. You shall remain responsible for any fees, charges, costs, or expenses incurred up to the cancellation date.
1.11.4. Where you do not exercise your right to cancel within the applicable fourteen(14) day period, you shall nevertheless retain the right to terminate the Agreement inaccordance with Clause 26 of these terms and conditions.
2.1. We provide execution-only trading and investment services in relation to financial instruments and investment products permitted under our Investment Dealer License and made available through the Online Facility from time to time. These Products may include, among others, Contracts for Difference ("CFDs"), spot foreign exchange contracts, securities, precious metals, futures, derivatives and similar financial products (collectively, the "Products"). Our services are provided on a non-advisory basis, and we do not offer investment recommendations or portfolio management services.
2.2. You may select a primary account currency from the currencies made available by us through the Online Facility. Where a Product is traded in a currency different from your selected account currency, margin requirements, realized profits, losses, charges, and other relevant amounts will be converted into your primary account currency using the applicable exchange rates determined by us. Information regarding available currencies and applicable conversions is accessible through the Online Facility.
2.3. Our role is limited to executing your instructions in relation to Products. We do not provide advice regarding the suitability, merits, or risks of any transaction, nor do we monitor or manage your trading activity or open positions. The execution of any order on your behalf shall not be interpreted as a recommendation, endorsement, or confirmation that a Product or transaction is appropriate for you.
2.4. We may execute transactions directly as principal or through another counterparty selected by us at our discretion, including affiliated entities where permitted by applicable laws and regulations. In most cases, we will act as the direct counterparty to your trades, and you expressly acknowledge and agree to this arrangement.
2.5. Unless otherwise agreed by us in writing, you enter into all transactions with us in your own capacity as principal and not on behalf of another person or entity. We owe obligations solely to you and shall not recognize or assume any responsibility toward any third party, underlying client, beneficiary, or principal for whom you may toward any third party, underlying client, beneficiary, or principal for whom you may act.
2.6. Transactions executed with or for you will generally be handled in accordance with our Order Execution Policy, as amended from time to time and made available through the Online Facility.
2.7. We reserve the right, at any time and at our sole discretion, to modify, restrict, suspend, or discontinue any Product, feature, or service offered through the Online Facility, whether temporarily or permanently and with or without prior notice.
3.1. We classify clients into categories in accordance with applicable laws and regulatory requirements issued by the Financial Services Commission, Mauritius.
3.2. By default, clients who do not meet the criteria for Professional Client or Eligible Counterparty status will be classified as Retail Clients. Retail Clients receive the highest level of regulatory protection available under applicable law, including any negative balance protection where required.
3.3. A client may qualify as a Professional Client if they satisfy at least two of the following criteria: (a) they have carried out transactions of significant size on the relevant market at an average frequency of ten per quarter over the previous four quarters; (b) the size of their financial instrument portfolio exceeds a threshold determined by applicable regulatory requirements; or (c) they work or have worked in the financial sector for at least one year in a professional position which requires knowledge of the transactions or services envisaged.
3.4. Professional Clients may be offered higher leverage levels and different margin requirements than Retail Clients. However, Professional Clients receive reduced regulatory protections and should ensure they fully understand the implications of their classification before requesting reclassification.
3.5. You have the right to request a change in your client classification by contacting us in writing. We reserve the right to accept or refuse any such request in our sole discretion and in accordance with applicable regulatory requirements. Any change in classification shall take effect only upon our written confirmation.
3.6. We reserve the right to reclassify you at any time where we consider such
action appropriate or required in light of changes to applicable regulations, your trading activity, or information received regarding your financial circumstances or expertise. We will notify you of any material change to your classification.
4.1. We will make available through the Online Facility indicative bid and offer prices for the Products we provide. Certain transactions may also be subject to commissions, fees, or other charges, details of which will be disclosed to you through the Online Facility or otherwise communicated by us.
4.2. Any price displayed on the Online Facility shall remain valid only until its stated expiry time or until it is amended, withdrawn, or cancelled by us, whichever occurs first. Prices are made available for transactions up to such maximum trade size or principal amount as may be determined by us from time to time.
4.3. You acknowledge and agree that the pricing, spreads, quoted amounts, and trading limits made available to you may differ from those offered to other clients. We reserve the right, at our sole discretion and without prior notice, to revise, suspend, withdraw, or refuse any quoted price or to discontinue the availability of pricing for certain Products, markets, settlement dates, or trading periods.
4.4. Execution prices may differ from the price displayed or requested at the time an order is submitted. This may occur due to market movement, volatility, liquidity conditions, delays in transmission, or other factors and is commonly referred to as "slippage." Such price differences may operate either in your favour or against you, and you acknowledge that execution at the exact quoted price cannot be guaranteed.
4.5. During periods of high market volatility, including but not limited to major economic announcements, central bank decisions, geopolitical events, market open and close periods, or conditions of thin liquidity, we reserve the right to widen spreads, requote prices, reject orders, or suspend trading in affected Products entirely. We shall not be liable for any losses resulting from our exercise of these rights during such conditions.
4.6. Any price made available through the Online Facility that results from
A technical error, data feed malfunction, connectivity disruption, or any other system failure shall not be binding upon us. We reserve the right to void, amend, or cancel any transaction executed at an erroneous price and to make such adjustments to your account as we reasonably consider necessary to restore it to its correct state.
5.1. Unless otherwise agreed by us, all instructions and orders relating to Products must be submitted electronically through the Online Facility. In exceptional circumstances and at our sole discretion, we may accept instructions communicated by telephone or through another approved method.
5.2. We reserve the right to request confirmation or verification of any instruction or order in such manner and form as we may reasonably require before acting upon it.
5.3. An order submitted by you, or by a person acting on your behalf, shall only become effective once it has been received and accepted by us. Following receipt, an order may not be cancelled, modified, or withdrawn without our prior written consent.
5.4. We may rely upon and act in accordance with any instruction, request, or order which we reasonably believe to have been given by you or by an authorised representative acting on your behalf.
5.5. We may, at our absolute discretion, reject, decline, or refuse to process any order or instruction, whether in whole or in part. Where reasonably practicable, we will attempt to notify you of such refusal, although we are not obliged to provide reasons.
5.6. Once an order has been executed by us, the relevant transaction shall constitute a legally binding agreement between you and us in accordance with the terms of the executed order.
5.7. Following the execution of any transaction, you remain solely responsible for monitoring your account, maintaining communication with us, supervising open positions, and providing any additional instructions in a timely manner. We do not undertake any obligation to contact or warn you regarding your positions, exposure, or account status.
5.8. We may impose limits on the number, size, value, or nature of transactions or open positions maintained by you at any time. We may also restrict trading activity to closing transactions only or close, reduce, or reverse positions where necessary to ensure compliance with any trading or exposure limits established by us.
5.9. Where a stop loss order results in a deficit or negative balance on your account, you shall be responsible for covering the outstanding amount within one (1) business day unless we agree otherwise in writing. We may, in certain circumstances and at our sole discretion, apply protection measures under our Negative Balance Protection Policy. Such policy does not form part of this Agreement and may be amended, withdrawn, or excluded by us at any time without notice.
5.10. Unless otherwise expressly provided under applicable law or any protection policy applied by us, you may remain liable for losses exceeding the funds deposited into your account. Where your account balance becomes insufficient to satisfy obligations arising from your transactions, you shall promptly pay any outstanding deficit or additional amounts due to us.
5.11. We shall not be responsible for errors resulting from technical faults, system malfunctions, typographical mistakes, pricing inaccuracies, delayed quotations, or execution errors. In such circumstances, we reserve the right to void, amend, correct, reverse, or close any affected transaction or position. Any determination relating to such corrections shall be made by us in good faith and shall be binding on you.
5.12. We shall not be liable for the automatic closure, liquidation, or adjustment of positions resulting from market conditions or operational factors, including but not limited to spread widening, market volatility, swap or financing charges, rapid price movements, amendments to margin requirements, or currency fluctuations.
6.1. Access to the Online Facility is subject to the issuance or approval by us of login credentials, including a username and password (the "Access Credentials").
Any activity carried out using your Access Credentials shall be deemed to have been authorized by you or conducted with your knowledge and consent.
6.2. You acknowledge and agree that you are solely responsible for maintaining the confidentiality and security of your Access Credentials; you shall not disclose, share, or permit access to your Access Credentials to any third party; and you must notify us immediately if you become aware of any unauthorized access, misuse, or compromise of your Access Credentials.
6.3. The Online Facility is generally intended to be available twenty-four (24) hours a day from Monday to Friday (server time), subject to maintenance, technical interruptions, market conditions, or other operational requirements. We do not guarantee uninterrupted access.
6.4. We shall not be responsible for losses, damages, costs, or liabilities resulting from technical failures, network congestion, system malfunctions, communication interruptions, internet outages, cyber-attacks, or failures attributable to internet or telecommunications service providers.
6.5. The Online Facility may not be used for abusive, manipulative, unfair, or improper trading practices, including exploiting system delays, latency arbitrage, pricing errors, market manipulation, or any activity that may undermine fair and orderly trading conditions.
6.6. All intellectual property rights relating to the Online Facility, including copyrights, trademarks, software, patents, designs, and databases, shall remain owned by us or our licensors. Except as expressly permitted by law or with our prior written consent, you may not copy, modify, reproduce, reverse engineer, or otherwise misuse any part of the Online Facility or related software.
6.7. We may suspend, discontinue, restrict, or permanently withdraw the Online Facility or any part of it, or may immediately suspend or terminate your access, where we reasonably consider such action necessary for security, regulatory, operational, legal, or compliance reasons.
7.1. Following the execution of any transaction on your account, we will generally provide confirmation of the relevant trade through the Online Facility or by email no later than the following business day. Any delay or failure in delivering such confirmation shall not affect the validity or binding nature of the transaction.
7.2. We will make available, through the Online Facility or by electronic communication, periodic account information relating to your trading activity and account status, including transaction confirmations, account statements, profit and loss summaries, and balances.
7.3. Unless clearly erroneous, all account information made available to you shall be considered final, conclusive, and binding if no objection is raised in writing, including by email, no later than one (1) business day after such information becomes available to you.
You expressly consent to receiving communications, notices, statements, disclosures, and other information from us through electronic means, including via the Online Facility and email communications. To the extent permitted by applicable law, electronic communications shall satisfy any legal requirement for communications to be in writing or signed.
9.1. You are required to deposit and maintain sufficient funds, collateral, or other approved assets with us as security for your current, future, contingent, or potential obligations arising under the Agreement and any transactions entered into with us ("Margin"). The amount, type, and form of Margin required shall be determined by us at our sole discretion and may be amended at any time without prior notice.
9.2. You acknowledge that Margin requirements and leverage limits may change rapidly due to market volatility, liquidity conditions, regulatory requirements, or other relevant factors. You remain solely responsible at all times for maintaining adequate Margin in relation to your positions and trading activity.
9.3. Any Margin requested by us must be provided in the currency, form, method, and timeframe specified by us, or otherwise immediately upon demand where notime frame is specified. Margin shall generally be provided in cash unless otherwise
agreed by us. Multiple Margin calls may be issued at any time.
9.4. If you fail to satisfy any Margin requirement within the specified timeframe, we may, without prior notice, close, reduce, liquidate, or otherwise manage your open positions and exercise any rights available to us under this Agreement.
9.5. Unless otherwise agreed in writing, all Margin provided by you under the Agreement shall constitute continuing security in our favour for the performance of all present and future obligations and liabilities owed by you to us.
9.6. You may not withdraw, transfer, replace, assign, or otherwise deal with any assets or funds subject to our security interest without our prior written consent.
10.1. Any open position remaining active at the close of a business day may be automatically rolled over to the next trading day. Where applicable, rollover charges, financing fees, or similar costs may apply. Details of applicable charges are made available through the Online Facility and may be amended from time to time.
10.2. If we do not receive clear, complete, and timely instructions from you regarding an open position, you authorize us, acting at our sole discretion and at your expense, to take any action we reasonably consider necessary or appropriate, including closing, offsetting, extending, rolling over, or settling positions.
10.3. Unless otherwise expressly agreed in writing, we do not undertake to arrange physical delivery of any underlying asset, instrument, currency, or product connected to a Product traded through the Online Facility.
11.1. Any money received from you shall be held either by us or with a financial institution approved by us, in accordance with applicable client money laws, regulations and the requirements imposed by the Financial Services Commission, Mauritius. Client funds will be maintained separately from our own operational funds.
11.2. No interest shall be payable to you on any funds held by us on your behalf unless otherwise required by applicable law or expressly agreed in writing. By entering into this Agreement, you expressly waive any right or entitlement to receive interest on such funds.
11.3. Client funds may be deposited with banks or financial institutions located injurisdictions that may apply legal, regulatory, or insolvency regimes different from those in your home jurisdiction. We shall not be liable for the acts, omissions, solvency, or financial condition of any bank, custodian, or third party holding client funds.
11.4. We may convert funds held in your account into another currency where reasonably necessary for the purposes of trading, settlement, Margin obligations, or the administration of your account.
11.5. To the extent permitted under applicable client money laws, where any amount owed by you to us becomes due and payable, we may cease to treat an equivalent amount of funds held on your behalf as client money and may apply such amount toward satisfaction of your obligations to us.
11.6. You authorize us to use, transfer, set-off, or apply any funds held in your account toward the settlement or discharge of any amounts, liabilities, costs, or obligations owed by you to us under the Agreement.
11.7. A trading account may be classified as inactive where, for a continuous period of six (6) months or more, there has been no trading activity, no open positions, and no deposits or withdrawals recorded on the account. We reserve the right to apply inactivity fees to inactive accounts. Inactivity fees will not cause an account balance to fall below zero. Accounts inactive for more than twenty-four (24) months with a zero balance may be archived or permanently closed.
For any open position maintained on your account, we may periodically apply credits or debits reflecting realized or unrealized profits and losses, financing costs, rollover charges, interest adjustments, dividend adjustments, commissions, or any other applicable fees or charges. Details regarding such adjustments and charges are available through the Online Facility and may be amended from time to time.
13.1. You agree to pay all applicable fees, commissions, spreads, financing costs ,rollover charges, transfer fees, and any other amounts associated with the services provided to you, as published on the Online Facility or otherwise communicated by us from time to time.
13.2. All fees, charges, and other amounts payable under the Agreement shall become immediately due and payable upon being incurred. We may deduct any such amounts directly from your account or from the proceeds of transactions carried out on your behalf.
13.3. You acknowledge and agree that, in connection with services provided to you, we or our affiliates may pay or receive commissions, fees, rebates, mark-ups, non- monetary benefits, or other forms of remuneration to or from third parties where permitted by applicable law. Where required, we will provide you with appropriate disclosures relating to such arrangements.
13.4. Third-party deposit or withdrawal instructions will not be accepted. All deposits must originate from, and all withdrawals must be directed to, a payment account or method registered in your name. We reserve the right to reject or reverse any transaction that does not comply with this requirement and to apply enhanced due diligence or suspend your account pending investigation, without any liability to you.
13.5. Withdrawal requests shall remain subject to the Company's AML/CFT obligations and any requirements imposed by the Financial Services Commission, Mauritius.
14.1. We may, at our sole discretion, offer bonuses, promotional credits, trading incentives, or other benefits to eligible clients from time to time ("Bonus"). The availability, eligibility criteria, and conditions applicable to any Bonus shall be set out in the specific terms and conditions governing that promotion, as published on the Online Facility or communicated to you directly.
14.2. Unless otherwise specified in the applicable promotion terms, the following general conditions apply to all Bonuses:
14.3. We reserve the right to cancel, reverse, or reclaim any Bonus, and to void any associated profits, where we reasonably determine that the Bonus has been obtained or used in breach of these conditions or the specific terms of the relevant promotion.
14.4. Clients classified as Professional Clients or Eligible Counterparties may not be eligible for Bonus offers where restricted by applicable law or regulation. We reserve the right to exclude any client from participating in a promotion at our sole discretion.
14.5. Bonuses may not be combined with other promotions unless expressly permitted by the applicable promotion terms. Only one Bonus may be active on an account at any given time unless we agree otherwise in writing.
15.1. We shall seek to manage such conflicts fairly and in accordance with our internal policies and the requirements of the Financial Services Commission, Mauritius.
15.2. Further information regarding our approach to identifying and managing conflicts of interest is available in the Conflicts of Interest Policy published on the Online Facility. The Conflicts of Interest Policy is provided for informational and compliance purposes only and does not form part of this Agreement.
16.1. You shall be responsible for and shall reimburse us, upon written demand, forany direct losses, damages, costs, expenses, liabilities, or claims incurred by us or
our affiliates arising out of or in connection with your use of our services, the Online Facility, or any breach of the Agreement by you. However, you shall not be liable to us to the extent such losses result directly from our negligence, fraud, willful misconduct, or material breach of the Agreement.
16.2. Neither we nor any of our affiliates, officers, employees, agents, or service providers shall be liable to you for any indirect, consequential, incidental, or special damages, including loss of profits, business interruption, loss of opportunity, or anticipated savings.
16.3. We shall perform our obligations under the Agreement with reasonable care, skill, and diligence. Nothing in this clause shall exclude or limit our liability for direct losses caused by our fraud, wilful misconduct, or failure to exercise reasonable care and skill.
16.4. Neither party shall be liable for any delay, failure, or inability to perform any obligation under the Agreement where such delay or failure results from circumstances beyond that party's reasonable control, including natural disasters, acts of war, terrorism, civil unrest, market disruption, governmental action, communication failures, or interruptions affecting systems or infrastructure.
16.5. Nothing in this Agreement shall exclude, restrict, or limit any liability or responsibility that cannot lawfully be excluded or limited under applicable laws, regulations, or regulatory requirements.
You should carefully review all risk disclosures, warnings, and notices made available to you through this Agreement and the Online Facility before using our services or entering into transactions. If you do not fully understand the nature or risks of any Product or service, you should seek independent professional advice before proceeding. Trading leveraged products involves a high level of risk and may not be suitable for all investors. The value of your investments may fall as well as rise and you may lose more than your initial deposit.
18.1. You represent, warrant, and undertake to us, on a continuing basis, that:
18.1.1. if you are an individual, you are at least eighteen (18) years of age, legally competent, and have full legal capacity to enter into and perform obligations under this Agreement;
18.1.2. if you are acting on behalf of a company, partnership, trust, or other legal entity, such entity has been duly formed and validly exists under the laws of its jurisdiction of incorporation, and all necessary approvals and authorizations required for opening and operating the account have been properly obtained;
18.1.3. this Agreement and all transactions entered into under it are valid, binding, and enforceable against you and do not violate any law, regulation, court order, contractual restriction, or obligation applicable to you;
18.1.4. unless otherwise agreed by us in writing, all funds, Margin, or assets transferred to us by you are owned beneficially by you, are derived from legitimate sources, and are free from any lien, charge, encumbrance, pledge, or third-party claim;
18.1.5. you understand the nature and risks associated with trading leveraged and derivative products and have independently determined that such trading is appropriate and suitable for you in light of your financial circumstances, investment objectives, knowledge, and experience; and
18.1.6. all information, documents, declarations, and financial details provided by you to us are true, accurate, complete, and not misleading in any material respect.
18.2. Each representation and warranty contained in this clause shall be deemed repeated by you each time you submit an order, access the Online Facility, or enter into a transaction with or through us.
19.1. You undertake, agree, and covenant on a continuing basis that:
19.1.1. you shall obtain, maintain, and comply with all approvals, authorizations, consents, licenses, registrations, and permissions required for you to enter into and perform your obligations under this Agreement;
19.1.2. you shall promptly provide any information, records, documents, or evidence reasonably requested by us concerning your financial status, identity, source of funds, residency, or business activities;
19.1.3. you shall notify us immediately upon becoming aware of any insolvency event, bankruptcy proceeding, administration, liquidation, restructuring, or similar circumstance affecting you;
19.1.4. you shall comply with all applicable laws, regulations, market rules, and obligations relating to this Agreement and shall reasonably cooperate with us where such cooperation is necessary to enable us to comply with our own legal or regulatory obligations;
19.1.5. you shall not place orders, enter transactions, or engage in any conduct that may create a false or misleading impression regarding the market, price, demand, or value of any Product, nor engage in abusive, manipulative, fraudulent, or unlawful trading activity; and
19.1.6. you shall not use our services, the Online Facility, or our contractual arrangements for any unlawful, abusive, fraudulent, manipulative, or bad-faith purpose, including any conduct intended to damage, exploit, disrupt, or improperly interfere with our operations, systems, reputation, or legitimate interests.
20.1. We may collect, process, store, use, and disclose personal information relating to identifiable individuals, including information voluntarily provided to us by you, for purposes including fulfilling our obligations under this Agreement, administering and operating your account, complying with legal and regulatory obligations, detecting and preventing fraud and financial crime, and promoting products and services where permitted by applicable law.
20.2. We do not intentionally request or require sensitive personal information. We, our affiliates, service providers, and authorized third parties may disclose or share personal data only where required or permitted under applicable laws, for fraud prevention or compliance purposes, or where authorized by the relevant individual.
20.3. We, our affiliates, or authorized service providers may record, monitor, or retain telephone calls, electronic communications, chat messages, and other communications between you and us for purposes including security, compliance, dispute resolution, and fraud prevention. Such recordings may be used as evidence in any dispute, investigation, or legal proceeding.
20.4. The Online Facility may utilise cookies, tracking technologies, and analytic stools for purposes including system administration, authentication, account security, and fraud prevention. By accessing or using the Online Facility, you acknowledge
and consent to the use of such technologies.
20.5. Personal data shall be processed in accordance with the applicable data protection and privacy laws of Mauritius.
21.1. Where we reasonably suspect that trading activity conducted through your account may be improper, abusive, manipulative, unlawful, unfair, or otherwise inconsistent with the intended use of our services, we reserve the right to immediately suspend, restrict, review, or investigate your account and trading activity. Examples of conduct that may be considered improper, abusive, unlawful, or unfair include, but are not limited to, the following:
21.2. Without limiting any other rights or remedies available to us, where we reasonably determine that profits, gains, benefits, or trading outcomes were generated through improper, unlawful, abusive, manipulative, unfair, or prohibited trading conduct, we reserve the right to: cancel, reverse, void, amend, or remove all or part of any profits, gains, credits, bonuses, or trading benefits; suspend, restrict, block, or permanently terminate access to your account; cancel, close, reverse, or void any affected transactions or open positions; and refuse to process withdrawals, transfers, or account-related instructions pending completion of our investigation.
22.1. Each of the following events shall constitute an Event of Default under this Agreement: (a) you fail to make any payment, satisfy any Margin requirement, or fulfil any financial obligation owed to us when due; (b) you fail to comply with any provision of this Agreement; (c) any representation or warranty made by you proves to have been inaccurate or misleading; (d) we reasonably determine that you have acted in bad faith or improperly exploited any account protection mechanism or trading feature; (e) any insolvency event occurs affecting you; or (f) we reasonably believe or anticipate that any of the foregoing events may occur.
22.2. Upon the occurrence of an Event of Default, we may, at any time and without prior notice, exercise any rights available to us under this Agreement or applicable law, including suspending services, cancelling pending instructions, restricting account access, terminating this Agreement, or closing, liquidating, or offsetting any or all open positions held by you.
22.3. On or following the Liquidation Date, we may close, terminate, liquidate,
offset, or settle any open transactions or positions held on your account and apply any funds, Margin, collateral, or assets held by us toward the costs, expenses, losses, liabilities, and obligations arising from such actions.
22.4. We may, at our sole discretion and without prior notice, combine, consolidate, or set-off balances across multiple accounts held by you and convert funds from one currency into another where necessary to satisfy obligations or deficits. The rights provided to us under this clause are cumulative and shall not limit or exclude any other rights or remedies available to us.
23.1. If you pass away, any person claiming authority to act on behalf of your estate must notify us as soon as reasonably practicable. We may require official documentation including certified copies of a death certificate and any legal documents confirming authority to act on behalf of your estate.
23.2. Once we receive notice and acceptable supporting documentation, we may suspend access to your account and treat the event as a default under this Agreement, exercising any rights available to us under Clause 22, including closing, liquidating, or settling open positions and transactions.
24.1. All software, systems, applications, market information, pricing data, research materials, analytical tools, graphics, text, interfaces, and other materials or content made available through the Online Facility are protected by intellectual property and proprietary rights.
24.2. Ownership of all intellectual property rights connected to the Online Facility and its materials, including copyrights, trademarks, patents, database rights, and software rights, shall remain vested in Honor Holding Investment, its affiliates, licensors, or third-party providers. Your access to or use of the Online Facility does not transfer or grant any ownership rights to you other than a limited, revocable, non-transferable right to use the services in accordance with this Agreement.
24.3. Unless expressly permitted by us in writing or otherwise required by applicable law, you shall not copy, modify, reproduce, reverse engineer, decompile, distribute, or otherwise misuse any part of the Online Facility or related materials.
25.1. The Online Facility may contain references, hyperlinks, integrations, or access points to third-party websites, applications, services, or content that are owned or operated independently from Honor Holding Investment. The inclusion of any such link or reference does not constitute endorsement, approval, recommendation, or verification by us.
25.2. We do not control, monitor, or guarantee the availability, accuracy, reliability, legality, or security of third-party websites or content accessible through the Online Facility. Accessing or relying upon such third-party content is entirely at your own risk. Honor Holding Investment shall not be responsible or liable for any losses, damages, or consequences arising from your use of or reliance on any third-party website, software, service, or external content.
26.1. Either party may terminate this Agreement at any time by providing written notice to the other party. You may request closure of your account and withdrawal of available funds provided that all open positions have been closed and all amounts owed to us have been fully satisfied.
26.2. We reserve the right to suspend, restrict, or terminate the provision of any service, account, Product, or access to the Online Facility at any time, with or without prior notice, where permitted under this Agreement or applicable law.
26.3. The termination of this Agreement shall not affect any transactions entered into before the effective date of termination, nor shall it affect any accrued rights, liabilities, obligations, indemnities, costs, or provisions intended to survive termination.
26.4. Upon termination, we may cancel pending orders, close or liquidate open positions at prevailing market prices, and deduct from your account any outstanding fees, costs, charges, expenses, liabilities, or losses incurred in connection with the termination or settlement of transactions.
26.5. Any remaining positive balance after satisfaction of all obligations owed to us
shall be returned to you using a payment method reasonably determined by us, subject to applicable AML and compliance checks.
27.1. Any notice, communication, instruction, confirmation, or other correspondence under this Agreement may be delivered by email, electronic communication through the Online Facility, courier, postal service, or any other communication method approved by us.
27.2. You are responsible for ensuring that your contact details remain accurate and current at all times. Any communication transmitted electronically shall be deemed received once successfully sent or made available through the Online Facility.
28.1. Any complaint relating to our services, transactions, account operation, or performance under this Agreement should be submitted to our designated compliance or complaints department as soon as reasonably practicable.
28.2. Complaints should include sufficient information and supporting documentation to enable investigation, including relevant account details, transaction references, dates, and a description of the matter in dispute.
28.3. We will use reasonable efforts to investigate and respond to complaints within the timeframe required under applicable laws and regulatory requirements. If you remain dissatisfied following completion of our internal complaints process, you may refer the matter to the Financial Services Commission, Mauritius, in accordance with its applicable procedures and jurisdiction.
29.1. Any spreads, pricing information, leverage levels, execution speeds, or trading conditions displayed through the Online Facility are indicative only and may vary depending on account type, market conditions, liquidity, volatility, or other operational factors.
29.2. This Agreement and the services provided under it shall at all times remain subject to applicable laws, regulations, regulatory requirements, market rules, exchange requirements, and industry practices. Where any inconsistency arises between this Agreement and any mandatory legal or regulatory requirement, the
applicable legal or regulatory requirement shall prevail.
29.3. Any provision of this Agreement intended by its nature to survive termination, including provisions relating to liability, indemnities, confidentiality, intellectual property, dispute resolution, outstanding obligations, and enforcement rights, shall continue in full force following termination.
29.4. If any provision of this Agreement is determined by a court, regulator, or competent authority to be invalid, unlawful, or unenforceable, the remaining provisions shall continue in full force to the fullest extent permitted by law.
29.5. Neither party shall be liable for delays, interruptions, failures, or inability to perform obligations caused by events beyond reasonable control ("Force Majeure Events"), including market disruption, acts of government, war, terrorism, civil unrest, strikes, natural disasters, epidemics, pandemics, failures of communication systems, utility outages, exchange suspensions, technological failures, cyber incidents, cryptocurrency exchange failures, liquidity provider insolvency, or interruptions affecting financial markets or infrastructure. The affected party shall use reasonable efforts to mitigate the impact of such events and resume performance as soon as reasonably practicable.
29.6. This Agreement may be executed electronically, including through electronic signatures, digital acceptance methods, or by selecting an "I Accept" or equivalent option through the Online Facility. Any such electronic acceptance shall have the same legal validity and enforceability as a handwritten signature, to the extent permitted by applicable law.
29.7. Except where expressly stated otherwise, this Agreement is intended solely for the benefit of the parties to it and does not grant enforceable rights to any third party.
30.1. This Agreement and any non-contractual obligations arising from or connected with it shall be governed by and interpreted in accordance with the laws of Mauritius.
30.2. The courts of Mauritius shall have exclusive jurisdiction to resolve any dispute, claim or proceeding arising out of or in connection with this Agreement, although Honor Capital Markets Limited Limited reserves the right to commence proceedings against you in any other court or jurisdiction where permitted by law.
30.3. You irrevocably waive any objection based on venue, forum inconvenience, or jurisdiction in relation to proceedings brought before the courts specified in this clause.
31.1. This Agreement and any non-contractual obligations arising from or connected with it shall be governed by and interpreted in accordance with the laws of Mauritius.
31.2. The courts of Mauritius shall have jurisdiction to resolve any dispute, claim, or proceeding arising out of or in connection with this Agreement, although Honor Capital Markets Limited reserves the right to commence proceedings against you in any other court or jurisdiction where permitted by law.
31.3. Honor Capital Markets Limited makes no representation or warranty regarding the completeness, reliability, or accuracy of translated content and accepts no responsibility or liability for any loss arising from reliance on translated materials.
By signing below, you confirm that you have read, understood, and agree to be bound by the Terms of Business of Honor Capital Markets Limited as set out in this Agreement.
1.1 These Terms of Business govern the relationship between Honor Pro Ltd. (trading as "HonorPro") and its clients. Honor Pro Ltd. is an International Business Company incorporated under the laws of Saint Lucia pursuant to the International Business Companies Act, Cap. 12.14, with Registration Number 2026-00198 and having its registered office at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia, P.O. Box 838, Castries, Saint Lucia. These Terms of Business apply to all services provided by the Company from time to time.
1.2 Honor Pro Ltd. is not licensed or regulated as a financial services provider. The Company conducts only those activities permitted under applicable laws.Details of the Company's registration status and registered office are available upon request.
1.3. Through our dealings with you, we shall provide access to an Online Facility that enables you to obtain information relating to our Products and to submit or receive communications and instructions concerning such Products.
1.4. For the avoidance of doubt, by electronically accepting the Agreement, or by accessing and continuing to use our services, you acknowledge and agree that you accessing and continuing to use our services, you acknowledge and agree that you are legally bound by the terms of the Agreement.
1.5. The Agreement replaces and supersedes any prior agreements, understandings or arrangements between you and us, whether oral or written, regarding the provision of our services. We reserve the right to amend or modify the Agreement at any time by providing notice to you in writing, including through publication on our website, trading platform or account portal (together referred to as the "Online Facility"). Any amendment shall become effective on the date specified in the notice or, where no date is specified, immediately upon notification.
1.6. An up-to-date and authoritative version of these terms and conditions, including any amendments made from time to time, will remain accessible to you through the Online Facility at all times.
1.7. You agree and undertake to promptly inform us of any change to the information previously provided by you in connection with the Agreement, including information contained within the completed account opening form.
1.8. By entering into the Agreement, you authorize us, or any third party acting on our behalf, to carry out enquiries concerning your identity, financial standing or creditworthiness, including contacting banks, financial institutions or credit reference agencies as deemed appropriate.
1.9. All communications between you and us shall be conducted in the English language, and all transactions entered into with or through us shall be concluded in English. Where translations are made available, the English version shall prevail.
1.10. Certain capitalized words and expressions used in these terms and conditions have specific defined meanings to improve readability and interpretation. Unless otherwise required by the context, any defined term shall carry the same meaning throughout the Agreement.
1.11.1. You may withdraw from the Agreement within fourteen (14) days from the date on which we receive your completed account opening application. Should you wish to exercise this right, you may contact our compliance department or send an email from your registered email address using the contact information provided on our website.
1.11.2. Your right of cancellation applies solely to the termination of the Agreement itself and shall not affect any rights, obligations, liabilities, indemnities, or commitments that have accrued prior to cancellation, nor any provisions which are intended to remain in force following termination of the Agreement.
1.11.3. No cancellation fee shall be charged in connection with exercising your cancellation rights. However, cancellation will not impact transactions or instructions initiated before we receive your notice of cancellation. Upon receipt of instructions initiated before we receive your notice of cancellation. Upon receipt of such notice, we may cancel any pending orders and close any open positions at the prevailing market price, as determined by us. You shall remain responsible for any fees, charges, costs, or expenses incurred up to the cancellation date.
1.11.4. Where you do not exercise your right to cancel within the applicable fourteen (14) day period, you shall nevertheless retain the right to terminate the Agreement in accordance with Clause 26 of these terms and conditions.
2.1. We provide execution-only trading and investment services in relation to financial instruments and investment products permitted under our Investment Dealer License and made available through the Online Facility from time to time. These Products may include, among others, Contracts for Difference ("CFDs"), spot foreign exchange contracts, securities, precious metals, futures, derivatives and similar financial products (collectively, the "Products"). Our services are provided on a non-advisory basis, and we do not offer investment recommendations or portfolio management services.
2.2. You may select a primary account currency from the currencies made available by us through the Online Facility. Where a Product is traded in a currency different from your selected account currency, margin requirements, realized profits, losses, charges, and other relevant amounts will be converted into your primary account currency using the applicable exchange rates determined by us. Information regarding available currencies and applicable conversions is accessible through the Online Facility.
2.3. Our role is limited to executing your instructions in relation to Products. We do not provide advice regarding the suitability, merits, or risks of any transaction, nor do we monitor or manage your trading activity or open positions. The execution of any order on your behalf shall not be interpreted as a recommendation, endorsement, or confirmation that a Product or transaction is appropriate for you.
2.4. We may execute transactions directly as principal or through another counterparty selected by us at our discretion, including affiliated entities where permitted by applicable laws and regulations. In most cases, we will act as the direct counterparty to your trades, and you expressly acknowledge and agree to this arrangement.
2.5. Unless otherwise agreed by us in writing, you enter into all transactions with us in your own capacity as principal and not on behalf of another person or entity. We owe obligations solely to you and shall not recognize or assume any responsibility toward any third party, underlying client, beneficiary, or principal for whom you may toward any third party, underlying client, beneficiary, or principal for whom you may act.
2.6. Transactions executed with or for you will generally be handled in accordance with our Order Execution Policy, as amended from time to time and made available through the Online Facility.
2.7. We reserve the right, at any time and at our sole discretion, to modify, restrict, suspend, or discontinue any Product, feature, or service offered through the Online Facility, whether temporarily or permanently and with or without prior notice.
3.1. We classify clients into categories in accordance with applicable laws applicable laws of Saint Lucia
3.2. By default, clients who do not meet the criteria for Professional Client or Eligible Counterparty status will be classified as Retail Clients. Retail Clients receive the highest level of regulatory protection available under applicable law, including any negative balance protection where required.
3.3. A client may qualify as a Professional Client if they satisfy at least two of the following criteria: (a) they have carried out transactions of significant size on the relevant market at an average frequency of ten per quarter over the previous four quarters; (b) the size of their financial instrument portfolio exceeds a threshold determined by applicable regulatory requirements; or (c) they work or have worked in the financial sector for at least one year in a professional position which requires knowledge of the transactions or services envisaged.
3.4. Professional Clients may be offered higher leverage levels and different margin requirements than Retail Clients. However, Professional Clients receive reduced regulatory protections and should ensure they fully understand the implications of their classification before requesting reclassification.
3.5. You have the right to request a change in your client classification by contacting us in writing. We reserve the right to accept or refuse any such request in our sole discretion and in accordance with applicable regulatory requirements. Any change in classification shall take effect only upon our written confirmation.
3.6. We reserve the right to reclassify you at any time where we consider such action appropriate or required in light of changes to applicable regulations, your trading activity, or information received regarding your financial circumstances or expertise. We will notify you of any material change to your classification.
4.1. We will make available through the Online Facility indicative bid and offer prices for the Products we provide. Certain transactions may also be subject to commissions, fees, or other charges, details of which will be disclosed to you through the Online Facility or otherwise communicated by us.
4.2. Any price displayed on the Online Facility shall remain valid only until its stated expiry time or until it is amended, withdrawn, or cancelled by us, whichever occurs first. Prices are made available for transactions up to such maximum trade size or principal amount as may be determined by us from time to time.
4.3. You acknowledge and agree that the pricing, spreads, quoted amounts, and trading limits made available to you may differ from those offered to other clients. We reserve the right, at our sole discretion and without prior notice, to revise, suspend, withdraw, or refuse any quoted price or to discontinue the availability of pricing for certain Products, markets, settlement dates, or trading periods.
4.4. Execution prices may differ from the price displayed or requested at the time an order is submitted. This may occur due to market movement, volatility, liquidity conditions, delays in transmission, or other factors and is commonly referred to as "slippage." Such price differences may operate either in your favour or against you, and you acknowledge that execution at the exact quoted price cannot be guaranteed.
4.5. During periods of high market volatility, including but not limited to major economic announcements, central bank decisions, geopolitical events, market open and close periods, or conditions of thin liquidity, we reserve the right to widen spreads, requote prices, reject orders, or suspend trading in affected Products entirely. We shall not be liable for any losses resulting from our exercise of these rights during such conditions.
4.6. Any price made available through the Online Facility that results from A technical error, data feed malfunction, connectivity disruption, or any other system failure shall not be binding upon us. We reserve the right to void, amend, or cancel any transaction executed at an erroneous price and to make such adjustments to your account as we reasonably consider necessary to restore it to its correct state.
5.1. Unless otherwise agreed by us, all instructions and orders relating to Products must be submitted electronically through the Online Facility. In exceptional circumstances and at our sole discretion, we may accept instructions communicated by telephone or through another approved method.
5.2. We reserve the right to request confirmation or verification of any instruction or order in such manner and form as we may reasonably require before acting upon it.
5.3. An order submitted by you, or by a person acting on your behalf, shall only become effective once it has been received and accepted by us. Following receipt, an order may not be cancelled,
modified, or withdrawn without our prior written consent.
5.4. We may rely upon and act in accordance with any instruction, request, or order which we reasonably believe to have been given by you or by an authorised representative acting on your behalf.
5.5. We may, at our absolute discretion, reject, decline, or refuse to process any order or instruction, whether in whole or in part. Where reasonably practicable, we will attempt to notify you of such refusal, although we are not obliged to provide reasons.
5.6. Once an order has been executed by us, the relevant transaction shall constitute a legally binding agreement between you and us in accordance with the terms of the executed order.
5.7. Following the execution of any transaction, you remain solely responsible for monitoring your account, maintaining communication with us, supervising open positions, and providing any additional instructions in a timely manner. We do not undertake any obligation to contact or warn you regarding your positions, exposure, or account status.
5.8. We may impose limits on the number, size, value, or nature of transactions or open positions maintained by you at any time. We may also restrict trading activity to closing transactions only or close, reduce, or reverse positions where necessary to ensure compliance with any trading or exposure limits established by us.
5.9. Where a stop loss order results in a deficit or negative balance on your account, you shall be responsible for covering the outstanding amount within one (1) business day unless we agree otherwise in writing. We may, in certain circumstances and at our sole discretion, apply protection measures under our Negative Balance Protection Policy. Such policy does not form part of this Agreement and may be amended, withdrawn, or excluded by us at any time without notice.
5.10. Unless otherwise expressly provided under applicable law or any protection policy applied by us, you may remain liable for losses exceeding the funds deposited into your account. Where your account balance becomes insufficient to satisfy obligations arising from your transactions, you shall promptly pay any outstanding deficit or additional amounts due to us.
5.11. We shall not be responsible for errors resulting from technical faults, system malfunctions, typographical mistakes, pricing inaccuracies, delayed quotations, or execution errors. In such circumstances, we reserve the right to void, amend, correct, reverse, or close any affected transaction or position. Any determination relating to such corrections shall be made by us in good faith and shall be binding on you.
5.12. We shall not be liable for the automatic closure, liquidation, or adjustment of positions resulting from market conditions or operational factors, including but not limited to spread widening, market volatility, swap or financing charges, rapid price movements, amendments to margin requirements, or currency fluctuations.
6.1. Access to the Online Facility is subject to the issuance or approval by us of login credentials, including a username and password (the "Access Credentials"). Any activity carried out using your Access Credentials shall be deemed to have been authorized by you or conducted with your knowledge and consent.
6.2. You acknowledge and agree that you are solely responsible for maintaining the confidentiality and security of your Access Credentials; you shall not disclose, share, or permit access to your Access Credentials to any third party; and you must notify us immediately if you become aware of any unauthorized access, misuse, or compromise of your Access Credentials.
6.3. The Online Facility is generally intended to be available twenty-four (24) hours a day from Monday to Friday (server time), subject to maintenance, technical interruptions, market conditions, or other operational requirements. We do not guarantee uninterrupted access.
6.4. We shall not be responsible for losses, damages, costs, or liabilities resulting from technical failures, network congestion, system malfunctions, communication interruptions, internet outages, cyber-attacks, or failures attributable to internet or telecommunications service providers.
6.5. The Online Facility may not be used for abusive, manipulative, unfair, or improper trading practices, including exploiting system delays, latency arbitrage, pricing errors, market manipulation, or any activity that may undermine fair and orderly trading conditions.
6.6. All intellectual property rights relating to the Online Facility, including copyrights, trademarks, software, patents, designs, and databases, shall remain owned by us or our licensors. Except as expressly permitted by law or with our prior written consent, you may not copy, modify, reproduce, reverse engineer, or otherwise misuse any part of the Online Facility or related software.
6.7. We may suspend, discontinue, restrict, or permanently withdraw the Online Facility or any part of it, or may immediately suspend or terminate your access, where we reasonably consider such action necessary for security, regulatory, operational, legal, or compliance reasons.
7.1. Following the execution of any transaction on your account, we will generally provide confirmation of the relevant trade through the Online Facility or by email no later than the following business day. Any delay or failure in delivering such confirmation shall not affect the validity or binding nature of the transaction.
7.2. We will make available, through the Online Facility or by electronic communication, periodic account information relating to your trading activity and account status, including transaction confirmations, account statements, profit and loss summaries, and balances.
7.3. Unless clearly erroneous, all account information made available to you shall be considered final, conclusive, and binding if no objection is raised in writing, including by email, no later than one (1) business day after such information becomes available to you. 8. Consent to Electronic Communications You expressly consent to receiving communications, notices, statements, disclosures, and other information from us through electronic means, including via the Online Facility and email communications. To the extent
permitted by applicable law, electronic communications shall satisfy any legal requirement for communications to be in writing or signed.
9.1. You are required to deposit and maintain sufficient funds, collateral, or other approved assets with us as security for your current, future, contingent, or potential obligations arising under the Agreement and any transactions entered into with us ("Margin"). The amount, type, and form of Margin required shall be determined by us at our sole discretion and may be amended at any time without prior notice.
9.2. You acknowledge that Margin requirements and leverage limits may change rapidly due to market volatility, liquidity conditions, regulatory requirements, or other relevant factors. You remain solely responsible at all times for maintaining adequate Margin in relation to your positions and trading activity.
9.3. Any Margin requested by us must be provided in the currency, form, method, and timeframe specified by us, or otherwise immediately upon demand where no timeframe is specified. Margin shall generally be provided in cash unless otherwise agreed by us. Multiple Margin calls may be issued at any time.
9.4. If you fail to satisfy any Margin requirement within the specified timeframe, we may, without prior notice, close, reduce, liquidate, or otherwise manage your open positions and exercise any rights available to us under this Agreement.
9.5. Unless otherwise agreed in writing, all Margin provided by you under the Agreement shall constitute continuing security in our favour for the performance of all present and future obligations and liabilities owed by you to us.
9.6. You may not withdraw, transfer, replace, assign, or otherwise deal with any assets or funds subject to our security interest without our prior written consent.
10.1. Any open position remaining active at the close of a business day may be automatically rolled over to the next trading day. Where applicable, rollover charges, financing fees, or similar costs may apply. Details of applicable charges are made available through the Online Facility and may be amended from time to time.
10.2. If we do not receive clear, complete, and timely instructions from you regarding an open position, you authorize us, acting at our sole discretion and at your expense, to take any action we reasonably consider necessary or appropriate, including closing, offsetting, extending, rolling over, or settling positions.
10.3. Unless otherwise expressly agreed in writing, we do not undertake to arrange physical delivery of any underlying asset, instrument, currency, or product connected to a Product traded through the Online Facility.
11.1. Any money received from you shall be held by the Company or with financial institutions selected by the Company in accordance with the Company's internal policies and applicable laws.. Client funds will be maintained separately from our own operational funds.
11.2. No interest shall be payable to you on any funds held by us on your behalf unless otherwise required by applicable law or expressly agreed in writing. By entering into this Agreement, you expressly waive any right or entitlement to receive interest on such funds.
11.3. Client funds may be deposited with banks or financial institutions located in jurisdictions that may apply legal, regulatory, or insolvency regimes different from those in your home jurisdiction. We shall not be liable for the acts, omissions, solvency, or financial condition of any bank, custodian, or third party holding client funds.
11.4. We may convert funds held in your account into another currency where reasonably necessary for the purposes of trading, settlement, Margin obligations, or the administration of your account.
11.5. To the extent permitted under applicable client money laws, where any amount owed by you to us becomes due and payable, we may cease to treat an equivalent amount of funds held on your behalf as client money and may apply such amount toward satisfaction of your obligations to us.
11.6. You authorize us to use, transfer, set-off, or apply any funds held in your account toward the settlement or discharge of any amounts, liabilities, costs, or obligations owed by you to us under the Agreement.
11.7. A trading account may be classified as inactive where, for a continuous period of six (6) months or more, there has been no trading activity, no open positions, and no deposits or withdrawals recorded on the account. We reserve the right to apply inactivity fees to inactive accounts. Inactivity fees will not cause an account balance to fall below zero. Accounts inactive for more than twenty-four (24) months with a zero balance may be archived or permanently closed.
12. Profits, Losses and Charges on Open Positions For any open position maintained on your account, we may periodically apply credits or debits reflecting realized or unrealized profits and losses, financing costs, rollover charges, interest adjustments, dividend adjustments, commissions, or any other applicable fees or charges. Details regarding such adjustments and charges are available through the Online Facility and may be amended from time to time.
13.1. You agree to pay all applicable fees, commissions, spreads, financing costs, rollover charges, transfer fees, and any other amounts associated with the services provided to you, as published on the Online Facility or otherwise communicated by us from time to time.
13.2. All fees, charges, and other amounts payable under the Agreement shall become immediately due and payable upon being incurred. We may deduct any such amounts directly from your account or from the proceeds of transactions carried out on your behalf.
13.3. You acknowledge and agree that, in connection with services provided to you, we or our affiliates may pay or receive commissions, fees, rebates, mark-ups, non- monetary benefits, or other forms of remuneration to or from third parties where permitted by applicable law. Where required, we will provide you with appropriate disclosures relating to such arrangements.
13.4. Third-party deposit or withdrawal instructions will not be accepted. All deposits must originate from, and all withdrawals must be directed to, a payment account or method registered in your name. We reserve the right to reject or reverse any transaction that does not comply with this requirement and to apply enhanced due diligence or suspend your account pending investigation, without any liability to you.
13.5. Payments and withdrawals shall remain subject to the Company's AML/CFT obligations and applicable legal requirements.
14.1. We may, at our sole discretion, offer bonuses, promotional credits, trading incentives, or other benefits to eligible clients from time to time ("Bonus"). The availability, eligibility criteria, and conditions applicable to any Bonus shall be set out in the specific terms and conditions governing that promotion, as published on the Online Facility or communicated to you directly.
14.2. Unless otherwise specified in the applicable promotion terms, the following general conditions apply to all Bonuses:
Bonuses are non-withdrawable and represent trading credit only. They may not be transferred, assigned, or redeemed for cash.
To withdraw any profits generated using a Bonus, you must complete a minimum trading volume requirement, expressed in standard lots, as specified in the applicable promotion terms. Trades that are opened and closed within a short period or that hedge opposing positions across accounts may not count toward volume requirements.
Bonuses will be forfeited if we determine, at our sole discretion, that you have engaged in hedging strategies, arbitrage, account linking, collusion with other clients, or any form of abuse intended to exploit the Bonus without genuine market exposure.
Any attempt to withdraw funds before satisfying the applicable trading volume requirements will result in forfeiture of the Bonus and any associated profits derived from it.
We reserve the right to amend, suspend, or withdraw any Bonus offer at any time without prior notice. Changes will not apply retroactively to Bonuses already credited to your account, except where fraudulent or abusive conduct is identified.
14.3. We reserve the right to cancel, reverse, or reclaim any Bonus, and to void any associated profits, where we reasonably determine that the Bonus has been obtained or used in breach of these conditions or the specific terms of the relevant promotion.
14.4. Clients classified as Professional Clients or Eligible Counterparties may not be eligible for Bonus offers where restricted by applicable law or regulation. We reserve the right to exclude any client from participating in a promotion at our sole discretion.
14.5. Bonuses may not be combined with other promotions unless expressly permitted by the applicable promotion terms. Only one Bonus may be active on an account at any given time unless we agree otherwise in writing.
15.1. We shall seek to manage such conflicts fairly and in accordance with our internal policies and applicable legal requirements.
15.2. Further information regarding our approach to identifying and managing conflicts of interest is available in the Conflicts of Interest Policy published on the Online Facility. The Conflicts of Interest Policy is provided for informational and compliance purposes only and does not form part of this Agreement.
16.1. You shall be responsible for and shall reimburse us, upon written demand, forany direct losses, damages, costs, expenses, liabilities, or claims incurred by us or our affiliates arising out of or in connection with your use of our services, the Online Facility, or any breach of the Agreement by you. However, you shall not be liable to us to the extent such losses result directly from our negligence, fraud, willful misconduct, or material breach of the Agreement.
16.2. Neither we nor any of our affiliates, officers, employees, agents, or service providers shall be liable to you for any indirect, consequential, incidental, or special damages, including loss of profits, business interruption, loss of opportunity, or anticipated savings.
16.3. We shall perform our obligations under the Agreement with reasonable care, skill, and diligence. Nothing in this clause shall exclude or limit our liability for direct losses caused by our fraud, wilful misconduct, or failure to exercise reasonable care and skill.
16.4. Neither party shall be liable for any delay, failure, or inability to perform any obligation under the Agreement where such delay or failure results from circumstances beyond that party's reasonable control, including natural disasters, acts of war, terrorism, civil unrest, market disruption, governmental action, communication failures, or interruptions affecting systems or infrastructure.
16.5. Nothing in this Agreement shall exclude, restrict, or limit any liability or responsibility that cannot lawfully be excluded or limited under applicable laws, regulations, or regulatory requirements.
You should carefully review all risk disclosures, warnings, and notices made available to you through this Agreement and the Online Facility before using our services or entering into transactions. If you do not fully understand the nature or risks of any Product or service, you should seek independent professional advice before proceeding. Trading leveraged products involves a high level of risk and may not be suitable for all investors. The value of your investments may fall as well as rise and you may lose more than your initial deposit.
18.1. You represent, warrant, and undertake to us, on a continuing basis, that
18.1.1. if you are an individual, you are at least eighteen (18) years of age, legally competent, and have full legal capacity to enter into and perform obligations under this Agreement;
18.1.2. if you are acting on behalf of a company, partnership, trust, or other legal entity, such entity has been duly formed and validly exists under the laws of its jurisdiction of incorporation, and all necessary approvals and authorizations required for opening and operating the account have been properly obtained;
18.1.3. this Agreement and all transactions entered into under it are valid, binding, and enforceable against you and do not violate any law, regulation, court order, contractual restriction, or obligation applicable to you;
18.1.4. unless otherwise agreed by us in writing, all funds, Margin, or assets transferred to us by you are owned beneficially by you, are derived from legitimate sources, and are free from any lien, charge, encumbrance, pledge, or third-party claim;
18.1.5. you understand the nature and risks associated with trading leveraged and derivative products and have independently determined that such trading is appropriate and suitable for you in light of your financial circumstances, investment objectives, knowledge, and experience; and
18.1.6. all information, documents, declarations, and financial details provided by you to us are true, accurate, complete, and not misleading in any material respect.
18.2. Each representation and warranty contained in this clause shall be deemed repeated by you each time you submit an order, access the Online Facility, or enter into a transaction with or through us.
19.1. You undertake, agree, and covenant on a continuing basis that:
19.1.1. you shall obtain, maintain, and comply with all approvals, authorizations, consents, licenses, registrations, and permissions required for you to enter into and perform your obligations under this Agreement;
19.1.2. you shall promptly provide any information, records, documents, or evidence reasonably requested by us concerning your financial status, identity, source of funds, residency, or business activities;
19.1.3. you shall notify us immediately upon becoming aware of any insolvency event, bankruptcy proceeding, administration, liquidation, restructuring, or similar circumstance affecting you;
19.1.4. you shall comply with all applicable laws, regulations, market rules, and obligations relating to this Agreement and shall reasonably cooperate with us where such cooperation is necessary to enable us to comply with our own legal or regulatory obligations;
19.1.5. you shall not place orders, enter transactions, or engage in any conduct that may create a false or misleading impression regarding the market, price, demand, or value of any Product, nor engage in abusive, manipulative, fraudulent, or unlawful trading activity; and
19.1.6. you shall not use our services, the Online Facility, or our contractual arrangements for any unlawful, abusive, fraudulent, manipulative, or bad-faith purpose, including any conduct intended to damage, exploit, disrupt, or improperly interfere with our operations, systems, reputation, or legitimate interests.
20.1. We may collect, process, store, use, and disclose personal information relating to identifiable individuals, including information voluntarily provided to us by you, for purposes including fulfilling our obligations under this Agreement, administering and operating your account, complying with legal and regulatory obligations, detecting and preventing fraud and financial crime, and promoting products and services where permitted by applicable law.
20.2. We do not intentionally request or require sensitive personal information. We, our affiliates, service providers, and authorized third parties may disclose or share personal data only where required or permitted under applicable laws, for fraud prevention or compliance purposes, or where authorized by the relevant individual.
20.3. We, our affiliates, or authorized service providers may record, monitor, or retain telephone calls, electronic communications, chat messages, and other communications between you and us for purposes including security, compliance, dispute resolution, and fraud prevention. Such recordings may be used as evidence in any dispute, investigation, or legal proceeding.
20.4. The Online Facility may utilise cookies, tracking technologies, and analytic stools for purposes including system administration, authentication, account security, and fraud prevention. By accessing or using the Online Facility, you acknowledge and consent to the use of such technologies.
20.5. Personal data shall be processed in accordance with the applicable data protection and privacy laws of Saint Lucia.
21.1. Where we reasonably suspect that trading activity conducted through your account may be improper, abusive, manipulative, unlawful, unfair, or otherwise inconsistent with the intended use of our services, we reserve the right to immediately suspend, restrict, review, or investigate your account and trading activity. Examples of conduct that may be considered improper, abusive, unlawful, or unfair include, but are not limited to, the following:
21.2. Without limiting any other rights or remedies available to us, where we reasonably determine that profits, gains, benefits, or trading outcomes were generated through improper, unlawful, abusive, manipulative, unfair, or prohibited trading conduct, we reserve the right to: cancel, reverse, void, amend, or remove all or part of any profits, gains, credits, bonuses, or trading benefits; suspend, restrict, block, or permanently terminate access to your account; cancel, close, reverse, or void any affected transactions or open positions; and refuse to process withdrawals, transfers, or account-related instructions pending completion of our investigation.
22.1. Each of the following events shall constitute an Event of Default under this Agreement: (a) you fail to make any payment, satisfy any Margin requirement, or fulfil any financial obligation owed to us when due; (b) you fail to comply with any provision of this Agreement; (c) any representation or warranty made by you proves to have been inaccurate or misleading; (d) we reasonably determine that you have acted in bad faith or improperly exploited any account protection mechanism or trading feature; (e) any insolvency event occurs affecting you; or (f) we reasonably believe or anticipate that any of the foregoing events may occur.
22.2. Upon the occurrence of an Event of Default, we may, at any time and without prior notice, exercise any rights available to us under this Agreement or applicable law, including suspending services, cancelling pending instructions, restricting account access, terminating this Agreement, or closing, liquidating, or offsetting any or all open positions held by you.
22.3. On or following the Liquidation Date, we may close, terminate, liquidate, offset, or settle any open transactions or positions held on your account and apply any funds, Margin, collateral, or assets held by us toward the costs, expenses, losses, liabilities, and obligations arising from such actions.
22.4. We may, at our sole discretion and without prior notice, combine, consolidate, or set-off balances across multiple accounts held by you and convert funds from one currency into another where necessary to satisfy obligations or deficits. The rights provided to us under this clause are cumulative and shall not limit or exclude any other rights or remedies available to us.
23.1. If you pass away, any person claiming authority to act on behalf of your estate must notify us as soon as reasonably practicable. We may require official documentation including certified copies of a death certificate and any legal documents confirming authority to act on behalf of your estate.
23.2. Once we receive notice and acceptable supporting documentation, we may suspend access to your account and treat the event as a default under this Agreement, exercising any rights available to us under Clause 22, including closing, liquidating, or settling open positions and transactions.
24.1. All software, systems, applications, market information, pricing data, research materials, analytical tools, graphics, text, interfaces, and other materials or content made available through the Online Facility are protected by intellectual property and proprietary rights.
24.2. Ownership of all intellectual property rights connected to the Online Facility and its materials, including copyrights, trademarks, patents, database rights, and software rights, shall remain vested in Honor Pro Ltd, its affiliates, licensors, or third-party providers. Your access to or use of the Online Facility does not transfer or grant any ownership rights to you other than a limited, revocable, non-transferable right to use the services in accordance with this Agreement.
24.3. Unless expressly permitted by us in writing or otherwise required by applicable law, you shall not copy, modify, reproduce, reverse engineer, decompile, distribute, or otherwise misuse any part of the Online Facility or related materials.
25.1. The Online Facility may contain references, hyperlinks, integrations, or access points to third-party websites, applications, services, or content that are owned or operated independently from Honor Pro Ltd. The inclusion of any such link or reference does not constitute endorsement, approval, recommendation, or verification by us.
25.2. We do not control, monitor, or guarantee the availability, accuracy, reliability, legality, or security of third-party websites or content accessible through the Online Facility. Accessing or relying upon such third-party content is entirely at your own risk. Honor Pro Ltd shall not be responsible or liable for any losses, damages, or consequences arising from your use of or reliance on any third-party website, software, service, or external content.
26.1. Either party may terminate this Agreement at any time by providing written notice to the other party. You may request closure of your account and withdrawal of available funds provided that all open positions have been closed and all amounts owed to us have been fully satisfied.
26.2. We reserve the right to suspend, restrict, or terminate the provision of any service, account, Product, or access to the Online Facility at any time, with or without prior notice, where permitted under this Agreement or applicable law.
26.3. The termination of this Agreement shall not affect any transactions entered into before the effective date of termination, nor shall it affect any accrued rights, liabilities, obligations, indemnities, costs, or provisions intended to survive termination.
26.4. Upon termination, we may cancel pending orders, close or liquidate open positions at prevailing market prices, and deduct from your account any outstanding fees, costs, charges, expenses, liabilities, or losses incurred in connection with the termination or settlement of transactions.
26.5. Any remaining positive balance after satisfaction of all obligations owed to us shall be returned to you using a payment method reasonably determined by us, subject to applicable AML and compliance checks.
27.1. Any notice, communication, instruction, confirmation, or other correspondence under this Agreement may be delivered by email, electronic communication through the Online Facility, courier, postal service, or any other communication method approved by us.
27.2. You are responsible for ensuring that your contact details remain accurate and current at all times. Any communication transmitted electronically shall be deemed received once successfully sent or made available through the Online Facility.
28.1. Any complaint relating to our services, transactions, account operation, or performance under this Agreement should be submitted to our designated compliance or complaints department as soon as reasonably practicable.
28.2. Complaints should include sufficient information and supporting documentation to enable investigation, including relevant account details, transaction references, dates, and a description of the matter in dispute.
28.3. We will use reasonable efforts to investigate and respond to complaints within a reasonable timeframe. Complaints shall be handled in accordance with the Company's internal complaints procedures and applicable legal requirements.
29.1. Any spreads, pricing information, leverage levels, execution speeds, or trading conditions displayed through the Online Facility are indicative only and may vary depending on account type, market conditions, liquidity, volatility, or other operational factors.
29.2. This Agreement and the services provided under it shall at all times remain subject to applicable laws, regulations, regulatory requirements, market rules, exchange requirements, and industry practices. Where any inconsistency arises between this Agreement and any mandatory legal or regulatory requirement, the applicable legal or regulatory requirement shall prevail.
29.3. Any provision of this Agreement intended by its nature to survive termination, including provisions relating to liability, indemnities, confidentiality, intellectual property, dispute resolution, outstanding obligations, and enforcement rights, shall continue in full force following termination.
29.4. If any provision of this Agreement is determined by a court, regulator, or competent authority to be invalid, unlawful, or unenforceable, the remaining provisions shall continue in full force to the fullest extent permitted by law.
29.5. Neither party shall be liable for delays, interruptions, failures, or inability to perform obligations caused by events beyond reasonable control ("Force Majeure Events"), including market disruption, acts of government, war, terrorism, civil unrest, strikes, natural disasters, epidemics, pandemics, failures of communication systems, utility outages, exchange suspensions, technological failures, cyber incidents, cryptocurrency exchange failures, liquidity provider insolvency, or interruptions affecting financial markets or infrastructure. The affected party shall use reasonable efforts to mitigate the impact of such events and resume performance as soon as reasonably practicable.
29.6. This Agreement may be executed electronically, including through electronic signatures, digital acceptance methods, or by selecting an "I Accept" or equivalent option through the Online Facility. Any such electronic acceptance shall have the same legal validity and enforceability as a handwritten signature, to the extent permitted by applicable law.
29.7. Except where expressly stated otherwise, this Agreement is intended solely for the benefit of the parties to it and does not grant enforceable rights to any third party.
30.1. This Agreement and any non-contractual obligations arising from or connected with it shall be governed by and construed in accordance with the laws of Saint Lucia.
30.2. The courts of the Saint Lucia shall have jurisdiction to resolve any dispute, claim, or proceeding arising out of or in connection with this Agreement, although Honor Pro Ltd Limited reserves the right to commence proceedings against you in any other court or jurisdiction where permitted by law.
30.3. You irrevocably waive any objection based on venue, forum inconvenience, or jurisdiction in relation to proceedings brought before the courts specified in this clause.
31.1. This Agreement and any non-contractual obligations arising from or connected with it shall be governed by and interpreted in accordance with the laws of Saint Lucia.
31.2. The courts of Saint Lucia shall have jurisdiction to resolve any dispute, claim, or proceeding arising out of or in connection with this Agreement, although Honor Pro Ltd. reserves the right to commence proceedings against you in any other court or jurisdiction where permitted by law.
31.3. Honor Pro Ltd makes no representation or warranty regarding the completeness, reliability, or accuracy of translated content and accepts no responsibility or liability for any loss arising from reliance on translated materials.
By signing below, you confirm that you have read, understood, and agree to be bound by the Terms of Business of Honor Pro Ltd as set out in this Agreement.
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