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Contract reading

What ASPIRE legally published, but does not want you to read

Every clause below is published by ASPIRE itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Aspire Global Company Limited

hidden feemarketing contradictionsole discretionwithdrawalsabnormal tradingbonus lockdeemed acceptanceprofit voidingunilateral amendmentaccount security

Aspire's website tells you the most you can lose is the money you put in. The contract you sign says you remain liable for the shortfall, with interest. Aspire can take the profit from any trading it suspects is abnormal, a term it alone defines. You get 2 days to object to a statement before it becomes final, and the agreement itself is not published on the website.

Back to ASPIRE

Contract risk

Money at risk
7.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
20
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
12
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 20 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning13
Notice2

section 41 of 50is where the deepest clause sits, 82% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 4 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical2 daysTime to complain. Jump to the clause this comes from.Two days to object, then the statement is final2%Account limit. Jump to the clause this comes from.Up to 100 times leverage with a 2% stop out2.5%Fee you were not shown. Jump to the clause this comes from.No handling fee, but overnight interest and storage still apply20%Bonus requirement. Jump to the clause this comes from.The 50% bonus shrinks when you withdraw and when you lose

What the documents say

20 clauses worth knowing about, worst first, each quoted from ASPIRE's own files

01

Aspire's About Us page tells you that the worst that can happen is losing the money you put in. The risk disclosure you sign says you can lose more than your margin and still owe Aspire the shortfall.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Indemnities are money it says you owe it.

Why this matters

If gold gaps against you, your account can close below zero and the debt is yours. Aspire can also charge interest on that debt and hand it to a collection agent.

Exhibit 1CriticalRarely seen

If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account.
Clause Terms of Use and Risk Disclosure in Terms of Use and Privacy
Read from the broker's site on Open the reference
Our own capture of aspirehk.ltd, taken on Oct 16, 2026The claim, on Traditional Chinese About Us page, feature block headed 負數清零 (negative balance cleared to zero)Visit this page on the broker's siteDownload the full size image file
Our own capture of aspirehk.ltd, taken on Oct 16, 2026What the contract says, clause Terms of Use and Risk DisclosureVisit this page on the broker's siteDownload the full size image file
Our own capture of aspirehk.ltd, taken on Oct 16, 2026Website caps your loss at your deposit, the contract does not (clause Terms of Use and Risk Disclosure)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ESMA (EU), ASIC (Australia)

Firms licensed by the FCA, and firms following ESMA's rules, must give retail clients negative balance protection, so a retail account can never go below zero. Aspire's risk disclosure says you remain liable for any resulting deficit and for interest on it.

ASPIRE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingNegative balance protection is normally written into the contract itself, so a client can point at it. Here the promise lives on a marketing page with an asterisk, and the signed terms say the opposite.

  • Worse together with Exhibit 7Leverage of up to 100 times with a 2% stop out is how an account reaches a deficit in the first place.
  • Worse together with Exhibit 15Once you owe money, clause 26.2 lets Aspire sell that debt to a collection agent.
02

Aspire can freeze your trades, cancel them and confiscate the profit if it suspects what it calls abnormal trading. The same paragraph says Aspire holds the final right to decide what those words mean.

Why this matters

Your winning trades can be reversed out of your balance with no notice and no hearing. Aspire's own FAQ goes further and says profits from suspected abnormal trading will be fully deducted.

Exhibit 2CriticalHarder than usualNew

If the Company suspects that any account is involved in abnormal trading, it reserves all rights with respect to such accounts, including but not limited to initiating investigations, freezing or canceling abnormal trades and related fund transfers, and confiscating profits derived from such activities, without prior notice.
Clause Statement on Position and Handling of Abnormal Transactions in Trading Terms
Read from the broker's site on Open the reference
Our own capture of aspirehk.ltd, taken on Oct 16, 2026Profit confiscated on suspicion, with Aspire defining the offence (clause Statement on Position and Handling of Abnormal Transactions)Visit this page on the broker's siteDownload the full size image file

Buried at section 34 of 50 in the Trading Terms, 68% of the way through.

Our readingMost agreements define the conduct they punish. This one reserves the right to define it afterwards.

  • Only applies after Exhibit 8The power only bites once Aspire has called your trading abnormal, and Aspire alone decides that.
  • Worse together with Exhibit 3Clause 10.5 lets Aspire hold your withdrawals while it works out whether to take the profit.
03

Aspire's public page promises a cheque the same afternoon, and clause 7.7 then says you may not get the money immediately and that you hold Aspire harmless for any delay. The money leaves your trading balance as soon as you ask.

Why this matters

There is no outer limit on how long Aspire may take, and you have agreed in advance not to claim for the wait. Clause 10.5 lets Aspire hold withdrawals while it looks into suspected arbitrage, with no time limit on that either.

Exhibit 3CriticalHarder than usual

The Client is fully aware that some time is required for ASPIRE to process the Client's withdrawal; the Client may not be able to receive the withdrawal immediately. The Client agrees to hold ASPIRE safe and harmless from any and all liability resulting from the untimely execution of the Client's withdrawal request.
Clause 7.7 in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.5
Read from the broker's site on Open the reference

Buried at section 40 of 50 in the 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, 80% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must handle a retail client's withdrawal request promptly and cannot contract out of liability for failing to. This agreement asks you to hold Aspire harmless for untimely execution of your own withdrawal.

ASPIRE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9The same clause that removes the deadline also puts the bank charges and the exchange rate difference on you.
04

You have 2 days to object in writing to a trade confirmation or an account statement. Miss it and clause 14.2 treats the document as conclusive and accepted by you.

Why this matters

The clock starts when Aspire sends the document, not when you read it, and clause 14.1 counts it as delivered whether it reaches you or not. In any dispute after that, clause 22.20 makes Aspire's own records prevail.

Exhibit 4CriticalHarder than usual2 days

Confirmations of the execution of the Client's orders and statements of the Client's Accounts shall be conclusive and deemed to be accepted if not objected to in writing by the Client directed to the address stated in the “Precious Metals Trading Account Opening Form” (or such other address communicated in writing by ASPIRE) within 2 days after transmittal thereof to the Client, by mail or otherwise.
Clause 14.2 in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.6
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must run a written complaints procedure and tell a retail client they can take an unresolved complaint to an independent ombudsman. This agreement gives you 2 days to object in writing and names no outside body at all.

ASPIRE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 5Aspire's records settle the argument, and Aspire may be the party on the other side of the trade you are arguing about.
05

The agreement opens by calling Aspire your agent, then clause 16.3 lets it deal with you as principal and clause 16.2 lets it take the opposite side of your order. Clause 16.5 says Aspire does not have to account to you for the profit.

Why this matters

When you lose on a trade, the firm quoting the price may be the party that wins. Clause 22.16 adds that Aspire gives no warranty that the prices on its own platform reflect the wider market.

Exhibit 5WarningHarder than usual

ASPIRE shall act as Client's agent in executing Client's order on Precious Metals trading.
Clause Preamble in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must publish how they manage conflicts of interest and take all sufficient steps to get the best possible result for a retail order. Aspire's own site advertises a no broker mechanism while the agreement lets it trade against you.

ASPIRE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingDealing as principal is normal in over the counter bullion. Combining it with no duty to account for the profit, and no warranty that the quoted prices reflect the market, is at the harsh end.

Two days to challenge a statement, and Aspire's records decide

You have 2 days to object in writing to a confirmation or statement before clause 14.2 treats it as conclusive. Clause 14.1 counts the document as delivered when Aspire sends it, whether it reaches you or not. In a dispute, clause 22.20 makes Aspire's records prevail, and a new trading terms line says you may raise no objection to the price you were filled at.

Right to object1 clause flagged

Aspire added a line to its trading terms on 1 June 2026: your market order and even your limit order may fill at a different price from the one you set, and you may raise no objection. The agreement says a limit order may fill worse than the price you specified.

Why this matters

A limit order is the one tool that fixes your price, and this clause removes your right to complain when it does not hold. The difference comes straight out of your balance.

Exhibit 6CriticalHarder than usualNew

Due to continuous fluctuations in market prices, the execution price of the market order may differ from the price displayed at the time the order was placed, and the execution price of the limit order may differ from the specified order price. Clients shall raise no objection thereto.
Clause Limit Order in Trading Terms
Read from the broker's site on Open the reference
Our own capture of aspirehk.ltd, taken on Oct 16, 2026Your limit order can fill worse, and you agree not to object (clause Limit Order)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 27 of 50 in the Trading Terms, 54% of the way through.

  • Worse together with Exhibit 4You cannot object to the fill price, and you have 2 days to object to the statement that records it.

No fees on the public page, charges in the agreement

Aspire's trading terms page states that deposits and withdrawals carry no fees. Clause 7.7 of the agreement puts the bank commission, the exchange rate difference and all other related expenses on you, and clause 11.1 lets Aspire charge commissions at a rate it notifies from time to time. Overnight interest runs at a 2.5% spread off an unnamed market rate, and Hong Kong Gold costs HKD 40 a lot a night to hold.

Cost disclosure3 clauses flagged

The trading terms page ends with a flat statement that deposits and withdrawals carry no fees. Clause 7.7 of the agreement puts the bank commission, the exchange rate difference and all other related expenses on you.

Why this matters

Every cheque, remittance and overseas transfer reaches you net of charges the public page never mentions. Aspire's own FAQ confirms it: no fee, but all bank charges are borne by you.

Exhibit 9WarningStandard wording

a) - No fees for deposits / withdrawals
Clause Deposit / Withdrawal Notes in Trading Terms
Read from the broker's site on Open the reference
Our own capture of aspirehk.ltd, taken on Oct 16, 2026The claim, on Deposit and withdrawal notes at the foot of the public Trading Terms pageVisit this page on the broker's siteDownload the full size image file

Buried at section 41 of 50 in the Trading Terms, 82% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must set out the costs and charges a retail client will pay before that client trades. Aspire states the charges in the agreement inside the sign up form, and states the opposite on the page about deposits and withdrawals.

ASPIRE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Aspire advertises zero handling fees and says the only cost is a fixed spread. Holding a position overnight costs interest at a 2.5% spread off a market rate Aspire does not name, and Hong Kong Gold costs HKD 40 a lot a night to store.

Why this matters

You cannot work out the overnight charge in advance, because the reference rate is never stated and Aspire sets it. Clause 11.1 also lets Aspire charge commissions at a rate it notifies from time to time, plus custodian fees and other expenses.

Exhibit 10WarningHarder than usual2.5%

Determined in accordance with market interest rates(Interest rate spread -2.5%)
Clause Interest (Overnight trade) in Trading Terms
Read from the broker's site on Open the reference
Our own capture of aspirehk.ltd, taken on Oct 16, 2026The claim, on About Us page, feature block headed No Handling FeeVisit this page on the broker's siteDownload the full size image file
Our own capture of aspirehk.ltd, taken on Oct 16, 2026What the contract says, clause Interest (Overnight trade)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 10 of 50 in the Trading Terms, near the start.

What it costsHold one lot of Hong Kong Gold for ten nights and the storage charge alone is HKD400, before any interest.

Your account settles in Hong Kong dollars while spot gold and silver are priced in US dollars. Aspire fixes that rate at 7.8, can change it at any time, and has absolute discretion over how and when any conversion happens.

Why this matters

Every conversion is priced by the firm on the other side of it, and clause 10.1 says Aspire is not required to give you the best exchange rate. Clause 21.1(d) removes its liability for any loss caused by a conversion.

Exhibit 11WarningHarder than usual

The exchange rate for USD to HKD is 7.8. ASPIRE can adjust the aforementioned exchange rate any time, and also has absolute discretion to decide the manner and time for any conversion from one currency into another.
Clause Transaction Exchange Rate in Trading Terms
Read from the broker's site on Open the reference

Buried at section 31 of 50 in the Trading Terms, 62% of the way through.

Two bonuses, both of which shrink when you use them

Aspire's trading terms page says the HKD 390 opening reward and the profit can be withdrawn immediately. The promotion page requires a deposit of at least HKD 780, a closed lot within 30 days, and then credits the reward in the first 5 working days of the following month. The separate 50% first deposit bonus is credit rather than cash, and 20% of every withdrawal is taken off it.

Bonus mechanics2 clauses flagged

The first deposit bonus is credit, never cash, and 20% of every withdrawal you make is taken off it until it reaches zero. Aspire also removes the whole bonus when your equity falls to the level of the bonus itself.

Why this matters

The bonus inflates the margin you can trade on, then disappears at the moment your account is weakest. Taking money out shrinks it too, so the margin you were counting on is not stable.

Exhibit 16WarningHarder than usual20%

When a client's withdrawal request is successfully processed, the system will automatically deduct an amount equal to 20% of the withdrawal amount from the bonus balance in the trading account, until the bonus balance is reduced to zero.
Clause Bonus Deduction Upon Withdrawal in 50% First Deposit Bonus
Read from the broker's site on Open the reference

What it costsWithdraw HKD10,000 and the system takes HKD2,000 off your bonus balance.

Aspire's trading terms page says the HKD 390 opening reward and the profit can be withdrawn immediately once you deposit and close one lot. The promotion page settles the promotion at month end and credits the reward in the first 5 working days of the following month.

Why this matters

The public page also leaves out the deposit of at least HKD 780 needed to switch the reward on. If you do not deposit within 30 days, Aspire can cancel the reward, take the profit made with it and close your positions.

Exhibit 17WarningHarder than usual5 working days

Open an account and receive an HKD 390 / RMB 338 reward bonus instantly. Make your first deposit and complete 1 lot of closed trading volume, and the reward bonus and profits can be withdrawn immediately!
Clause Promotion panel in Trading Terms
Read from the broker's site on Open the reference
Our own capture of aspirehk.ltd, taken on Oct 16, 2026The claim, on Promotion panel in the middle of the public Trading Terms pageVisit this page on the broker's siteDownload the full size image file
Our own capture of aspirehk.ltd, taken on Oct 16, 2026What the contract says, clause Settlement and DistributionVisit this page on the broker's siteDownload the full size image file

Where it sits: section 21 of 50 in the Trading Terms, 42% of the way through.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
On account openingAspire credits HKD 390 or RMB 338 to your trading account as a trial amount, not as cash.Account Opening Reward Activity Rules
First depositYou must deposit at least HKD 780 or RMB 680 before the reward can be used for trading.Account Opening Reward Activation Conditions
Day 30With no deposit on record, Aspire can cancel the reward, take all profit made from it and force close your open positions.30-Day Account Cancellation Mechanism
End of the monthAspire settles the promotion for everyone who qualified.Settlement and Distribution
First 5 working days of the next monthThe reward reaches your trading account.Settlement and Distribution

100 times leverage, a 2% stop out, and terms Aspire can change

Aspire can lend you up to 100 times your account equity and closes everything once your equity reaches 2% of the margin requirement. It can change the margin requirement at any time, and clause 7.1 applies the change to positions you already hold. Clause 20 of the trading terms makes a revision effective once Aspire posts it at its own business premises.

Leverage and control4 clauses flagged

Aspire lends you up to 100 times your account equity, and it closes every position once your equity falls to 2% of the margin requirement. It can raise or cut the margin requirement at any time, and the change applies to positions you already hold.

Why this matters

A stop out at 2% means almost all of your margin is gone before anything is closed. Since February the margin for one lot of spot gold fell from HKD48,000 to HKD16,000, so the same deposit now carries three times the exposure.

Exhibit 7WarningHarder than usual2%

An account with Aspire Global Company Limited (“ASPIRE”) permits you to trade Precious Metals on a highly leveraged basis (up to approximately 100 times your account equity or as amended by ASPIRE from time to time or as otherwise permitted by applicable regulation).
Clause Risk Disclosure Statement cl.1 in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.13
Read from the broker's site on Open the reference

What it costsIn February a retail client needed HKD48,000 of margin for one lot of spot gold. The same lot needs HKD16,000 today, so HKD48,000 now carries three lots instead of one.

Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA, and firms following ESMA's rules, cannot give a retail client more than 20 to 1 on gold, which is at least 5% of the contract value as margin. Aspire's own FAQ describes margin of about 1% of the contract value.

ASPIRE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Aspire lists what it treats as abnormal trading: orders held for less than ten seconds, several internal accounts used to hedge, and related party trades that use its promotions. The list ends with any other conduct Aspire considers unfair.

Why this matters

A fast scalp or a quick mistake you close straight away can put your account in this category. Everything in the profit confiscation clause follows from being placed there.

Exhibit 8WarningHarder than usual

Abnormal trading includes, but is not limited to, frequently placing and closing orders with a holding time of less than ten seconds, opening multiple internal accounts for the purpose of hedging or arbitrage, or engaging in related-party transactions that abuse company promotions or benefits to obtain improper gains.
Clause Statement on Position and Handling of Abnormal Transactions in Trading Terms
Read from the broker's site on Open the reference

Buried at section 33 of 50 in the Trading Terms, 66% of the way through.

Our readingA ten second holding time is short enough to catch ordinary trading errors, and the list it sits in is open ended.

Aspire can amend the agreement whenever it likes, and clause 25 makes posting the change on its website the only notice you get. The trading terms go further: a revision takes effect once it is posted at Aspire's business premises.

Why this matters

You are bound by wording you were never sent, and the duty to check sits with you. The agreement itself is not on the public website, so the place to check is not obvious.

Exhibit 12WarningHarder than usual

ASPIRE will provide notice to Client of any such amendment or change by posting the same on ASPIRE's website. Client shall be responsible for regularly reviewing these Terms and Conditions for any modifications and agrees to be bound by same.
Clause 25 in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.12
Read from the broker's site on Open the reference

Our readingAmendment by website notice is common. Making a change effective when it is pinned up at the company's office is not, for an online account.

Clause 22.4 makes you solely responsible for every instruction entered with your access code, whether you authorised it or not. You also agree to compensate Aspire for any loss those instructions cause it.

Why this matters

A stolen password is treated as your own trading, and Aspire has no duty to check that an instruction really came from you. Clause 21.1 lists unauthorised use of the access code among the things Aspire is not liable for.

Exhibit 13WarningHarder than usual

The Client acknowledges and agrees that he shall be wholly and solely responsible for all instructions entered through the Web Facility using the Access Code (whether authorized by him or not, and whether or not the instructions were entered by ASPIRE or any of its officers or employees at the Client's express request).
Clause 22.4 in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.8
Read from the broker's site on Open the reference

Aspire can pass your account, or your debt, to anyone

Hong Kong law and Hong Kong courts govern the agreement, the same place as the company and most of its clients. Clause 24 lets Aspire transfer its rights and obligations to any person without your consent. Clause 26.2 lets it hand any balance you owe to a credit management organisation or collection agent.

Who you deal with1 clause flagged

Hong Kong law and Hong Kong courts govern the agreement, which is where Aspire sits. Clause 24 lets Aspire hand its rights and obligations to any person without your consent, and clause 26.2 lets it pass any balance you owe to a collection agent.

Why this matters

You can end up dealing with a company you never chose, on the same terms. If your account closes in deficit, the people chasing you may not be Aspire.

Exhibit 15WarningStandard wording

ASPIRE may assign all or a part only of its rights and obligations under this Agreement to any person without the prior consent or approval of the Client.
Clause 24 in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.11
Read from the broker's site on Open the reference

Aspire can exchange your data with organisations and individuals

Aspire can match, compare, transfer or exchange your personal data with data held by government bodies, regulators, corporations, organizations or individuals, in Hong Kong or overseas. Clause 23.5 adds debt collection agents to the list of recipients. Aspire can charge you a fee for processing a request to see what it holds.

Your data1 clause flagged

Aspire can match, compare, transfer or exchange your personal data with data held by government bodies, regulators, corporations, organizations or individuals, in Hong Kong or overseas. Clause 23.5 adds debt collection agents to the list of recipients.

Why this matters

The word individuals is not defined and no limit is placed on who those people are. Aspire can also charge you a fee for processing a request to see what it holds on you.

Exhibit 14WarningHarder than usual

Aspire may match, compare, transfer or exchange any personal data collected by it with the data collected by government bodies, other regulatory authorities, corporations, organizations or individuals for the purposes of verifying those data.
Clause Privacy Policy in Terms of Use and Privacy
Read from the broker's site on Open the reference

Client money goes to Aspire's own accounts, and the contract is off the website

Deposits are paid to bank accounts in the name of Aspire Global Company Limited, and no published document says that money is kept apart from the firm's own. The risk disclosure asks you to accept a long wait to recover it if Aspire becomes insolvent. The agreement that binds you, version v.2026.07.20, is not on the website at all: it is a download inside the account opening form.

Where the money sits2 clauses flagged

Deposits are paid to accounts in the name of Aspire Global Company Limited at two Hong Kong banks. No published document says client money is held separately from the firm's own money, and none names a compensation scheme.

Why this matters

The risk disclosure asks you to accept that you may wait a long time to recover your money if Aspire becomes insolvent. Clause 8.1 also gives Aspire a lien over everything of yours that it holds.

Exhibit 18WarningHarder than usual

Payee name: Aspire Global Company Limited
Clause Deposit in Trading Terms
Read from the broker's site on Open the reference

Buried at section 36 of 50 in the Trading Terms, 72% of the way through.

Set against a regulated standard: FCA (UK), ASIC (Australia), CySEC (Cyprus)

Firms licensed by the FCA, ASIC or CySEC must hold retail client money in segregated trust accounts, apart from the firm's own funds. Aspire's documents name the bank accounts money is paid into and say nothing about segregation.

ASPIRE is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Aspire's website publishes a product table, a short terms of use page and a disclaimer. The agreement that actually governs your account, version v.2026.07.20, is a download inside the account opening form, and clause 27.8 makes its English text the one that counts.

Why this matters

Everything that decides what happens to your money lives in a file you meet once, at the moment you are signing up. If the Chinese and English wording differ, the English wins.

Exhibit 19NoticeStandard wording

If there is any inconsistency between the Chinese and English versions of these Terms and Conditions, the English version shall prevail.
Clause 27.8 in 貴金屬買賣服務之條款及條件 / Terms and Conditions for Precious Metals Trading Services, p.12
Read from the broker's site on Open the reference

The website caps your loss, the signed terms do not

Aspire's About Us page tells you the most you can lose is the money you put in. The risk disclosure inside the agreement says you may lose more than your margin and will remain liable for the shortfall, with interest. The same page advertises no handling fee trading that still carries overnight interest and a storage charge.

Promise versus contract1 clause flagged

The English version of the account opening reward page excludes the employees of Top Wealth International Limited. The Chinese version of the same rule names Aspire Global Company Limited, which is the company you contract with.

Why this matters

A reader of the English page cannot tell which company is running the promotion. No document on the site explains who Top Wealth International Limited is.

Exhibit 20NoticeStandard wording

Eligibility: This promotional activity is not applicable to the employees of Top Wealth International Limited or their family members.
Clause Eligibility in 「Account Opening Grand Reward」
Read from the broker's site on Open the reference
Our own capture of aspirehk.ltd, taken on Oct 16, 2026The claim, on Critical Notes on the English account opening reward pageVisit this page on the broker's siteDownload the full size image file
Our own capture of aspirehk.ltd, taken on Oct 16, 2026What the contract says, clause 關鍵注意事項This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The marketing page caps your loss at your deposit, while the risk disclosure says you can lose more and stay liable for the shortfall.

Said in public, in Chinese

客戶投入自己可承受範圍的資金進行交易，如不幸發生虧損，最大虧損即是投入的本金，帳戶不會產生額外負債。

Word for word in English: Customers trade with funds within what they can bear. If a loss unfortunately happens, the maximum loss is the principal invested, and the account will not create additional liabilities.

Traditional Chinese About Us page, feature block headed 負數清零 (negative balance cleared to zero)

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of aspirehk.ltd

In the contract · clause Terms of Use and Risk Disclosure

You may sustain losses in excess of your initial margin funds.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of aspirehk.ltd

02

The public page says withdrawals are free while the agreement puts the bank commission and the exchange rate difference on you.

Said in public, in English

a) - No fees for deposits / withdrawals

Deposit and withdrawal notes at the foot of the public Trading Terms page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of aspirehk.ltd

In the contract · clause 7.7

The Client agrees to pay for the charges incurred during remittance or transfer, including bank commission, exchange rate differences and all other related expenses.

03

Aspire says the spread is the only trading cost, while the terms add overnight interest at a 2.5% spread and a HKD 40 storage charge per lot.

Said in public, in English

There is no handling fee for buying and selling precious metal products. The trading cost is only a fixed spread, and the spread is extremely low in the industry.

About Us page, feature block headed No Handling Fee

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In the contract · clause Interest (Overnight trade)

Determined in accordance with market interest rates(Interest rate spread -2.5%)

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04

Immediately on the trading terms page means after a month end settlement and up to 5 working days into the next month.

Said in public, in English

Open an account and receive an HKD 390 / RMB 338 reward bonus instantly. Make your first deposit and complete 1 lot of closed trading volume, and the reward bonus and profits can be withdrawn immediately!

Promotion panel in the middle of the public Trading Terms page

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In the contract · clause Settlement and Distribution

Settlement and Distribution: The Company will conduct activity settlements at the end of each month. For accounts that complete the above requirements within 30 days, the reward amount will be credited to the customer's trading account within the first 5 working days of the following month.

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05

The two language versions of the same promotion rule name two different companies.

Said in public, in English

Eligibility: This promotional activity is not applicable to the employees of Top Wealth International Limited or their family members.

Critical Notes on the English account opening reward page

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In the contract · clause 關鍵注意事項

參賽資格：此推廣活動不適用於上志國際有限公司的員工或其家庭成員。

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What changed quietly

This is our first reading of ASPIRE, so there is nothing to compare it against. The change rows below are changes Aspire made to its own trading terms since February 2026, not changes in our reading.

  • REWRITTENClause Statement on Position and Handling of Abnormal Transactions · 2026-02-14 to 2026-10-16

    Aspire added the power to confiscate profits and to cancel trades, where the February wording only froze them.

    If the Company suspects that any account is involved in abnormal trading, it reserves all rights with respect to such accounts, including but not limited to initiating investigations, freezing or canceling abnormal trades and related fund transfers, and confiscating profits derived from such activities, without prior notice.

  • ADDEDClause Statement on Position and Handling of Abnormal Transactions · 2026-02-14 to 2026-10-16

    Aspire gave itself the last word on what the term means, which the February version did not claim.

    For the avoidance of doubt, the Company reserves the final right to define what constitutes “abnormal trading.”

  • ADDEDClause Limit Order · 2026-02-14 to 2026-10-16

    A waiver of any objection to the price you are filled at, effective 1 June 2026.

    Clients may choose to place market orders or limit orders. Due to continuous fluctuations in market prices, the execution price of the market order may differ from the price displayed at the time the order was placed, and the execution price of the limit order may differ from the specified order price. Clients shall raise no objection thereto.

  • REWRITTENClause Margin Requirements (Per lot), Spot Gold · 2026-02-14 to 2026-10-16

    The margin for one lot of spot gold fell by two thirds, so the same deposit now carries three times the exposure.

    Retail Client HKD16,000

  • REWRITTENClause Margin Level For Open Positions Over The Market Closed · 2026-02-14 to 2026-10-16

    You need less equity to carry a position over a market closure, which also means a thinner buffer when it reopens.

    If the market is closed on next day, equity of the account must be maintained to 200% or above of margin level to hold position overnight, otherwise ASPIRE will use the closing price to liquidate the position.

  • REWRITTENClause Statement on Position and Handling of Abnormal Transactions · 2026-02-14 to 2026-10-16

    The holding time that triggers the rule narrowed from three minutes to ten seconds, which works in your favour.

    Abnormal trading includes, but is not limited to, frequently placing and closing orders with a holding time of less than ten seconds, opening multiple internal accounts for the purpose of hedging or arbitrage, or engaging in related-party transactions that abuse company promotions or benefits to obtain improper gains.

  • REWRITTENClause Minimum Spread, Spot Gold · 2026-02-14 to 2026-10-16

    The minimum gold spread dropped from US$0.3 to US$0.1, and the tiered rebate scheme that went with it is gone.

    USD 0.1

The documents this reading is based on

12 files, all published by ASPIRE. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording ASPIRE publishes.

How this reading was done

Every clause above was read out of a document ASPIRE publishes itself

This reading was published on .

Documents
8 of 12downloaded from the broker's site, and 8 read in full
Pages opened
24pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
9public pages set against what the contract says
Languages
EN vs ZH-HANTthe language it advertises in, against the language it contracts in
Position measured
9clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Aspire Global Company Limited

Aspire Global Company Limited is the counterparty on every document, and clause 2.1 warrants that it is a company incorporated with limited liability under Hong Kong law. Its About Us page names CGSE member number 143, AA class membership of the Hong Kong Gold Exchange, and a Hong Kong Customs precious metals dealer registration numbered A-B-24-08-07872. The agreement opens by saying Aspire acts as your agent, then clause 16.3 lets it deal with you as principal and clause 10.5 describes you as buying from and selling to the market maker. One English promotion page excludes the employees of Top Wealth International Limited, a name that appears nowhere else in the documents, while the Chinese version of the same page names Aspire.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

A withdrawal request made before midday is paid out by cheque the same afternoon, which is faster than most brokers manage. Nothing in the documents charges you for leaving an account idle, and there is no dormancy ladder at all. Since February Aspire cut the minimum gold spread from US$0.3 to US$0.1 and halved the distance a limit order must sit from the market. The 50% bonus terms say plainly that the bonus is credit, can never be withdrawn, and tell you to size positions on your own deposited capital. Clause 18.2 keeps Aspire liable for its own misconduct and gross negligence when it closes you out.

We read the client agreement for the HKD settled account in full, version v.2026.07.20, which we found inside Aspire's account opening form rather than on its website. We did not read the three Chinese client confirmation declarations for the other account types, or the personal data statement handed over at sign up. We found no earlier copy of the client agreement, so we cannot say which of its clauses are new. For the public trading terms we did compare today's page against a copy archived in February 2026. Quotations from Chinese pages are reproduced in Chinese with an English rendering beneath.

How to check any of this yourself

Every quote above links to the ASPIRE file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document ASPIRE publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge ASPIRE on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 16, 2026.

If you represent ASPIRE and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on ASPIRE. Whether its licence is real and current is a separate check on the broker profile.

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