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Contract reading

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

Every clause below is published by Assexmarkets 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 . We have read it 2 times.

Contracting entity: AssexMarkets Global Limited

marketing gapwithdrawalsunilateral amendmenthidden feeprofit voidingsole discretiondeemed acceptanceconflicting contractsforum waiverkyc freeze

AssexMarkets sells Expert Advisors, scalping and copy trading across five of its own pages. Both of its contracts ban automated trading and forfeit every profit made with it. Three pages promise negative balance protection, while the agreement you accept at registration warns that losses can exceed your deposit. Two different contracts bind you, and they name different courts.

Back to Assexmarkets

Contract risk

Money at risk
8.5/10

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.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
27
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
3
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
15

How the 27 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.

Critical8
Warning15
Notice4

section 56 of 56is where the deepest clause sits: the very end of 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.

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

Critical2In the contract. Jump to the clause this comes from.Two contracts bind you, and they name different courtsCritical3Account limit. Jump to the clause this comes from.Three different lists of countries the broker refusesCritical$2.5Time to complain. Jump to the clause this comes from.Liability capped at the fees you paid the broker$50Withdrawal limit. Jump to the clause this comes from.A $50 withdrawal floor the contract never mentions

What the documents say

27 clauses worth knowing about, worst first, each quoted from Assexmarkets's own files

01

AssexMarkets tells you on its about page to automate your strategies with Expert Advisors. It sells its Raw Spread account as ideal for scalpers and high-frequency traders. Its FAQ answers yes. Both of its contracts strictly prohibit all of that.

Why this matters

Use the robot AssexMarkets told you to build and it can block your account permanently, with no notice, and keep every profit you made. You would be breaking the contract by doing what the marketing asked.

Exhibit 1CriticalHarder than usual

Automated trading bots, scripts, Expert Advisors ("EAs") designed for high-frequency execution, or any software that submits orders without direct manual intervention by the account holder.
Clause 6 in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026The claim, on About Us page, What We Offer sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Oct 8, 2026What the contract says, clause 6Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Oct 8, 2026The claim, on Raw Spread Account page, FAQ answer to What is the Raw Spread Account?Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Oct 8, 2026What the contract says, clause 6Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Oct 8, 2026The claim, on Tournament page, FAQ answer to Can I use HFT or a bot?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
Our own capture of assexmarkets.com, taken on Oct 8, 2026What the contract says, clause 6.1Visit this page on the broker's siteDownload the full size image file

Where it sits: section 23 of 56 in the Terms & Conditions, 41% of the way through.

  • Worse together with Exhibit 7The marketing invites the activity and the enforcement clause takes the profits it produces.
  • Worse together with Exhibit 19Copy trading and PAMM only work through the order automation this clause bans.
02

AssexMarkets promises on its client protection page that you will not owe it money. The agreement you accept at registration says the opposite, and warns that positions held overnight can produce losses exceeding your initial deposit.

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.

Supersedes means beats: where two documents disagree, that one wins.

Why this matters

If a weekend gap takes your account below zero, nothing in either contract writes the difference off. The promise sits on a marketing page, and the agreement says it alone is the whole deal.

Exhibit 2CriticalHarder than usual

Weekend and Overnight Risk: Positions held over weekends or overnight may be subject to significant price gaps that could result in losses exceeding your initial deposit.
Clause 7.2 in AssexMarkets Global Limited Service Agreement
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026The claim, on Client Protection page, Trading Protection sectionVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: ESMA (EU), FCA (UK), CySEC (Cyprus)

Firms under ESMA, FCA and CySEC rules must give retail CFD clients negative balance protection, so a client can never lose more than the money in the account. AssexMarkets promises it in marketing and warns of losses beyond the deposit in the contract.

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

  • Worse together with Exhibit 9Unlimited leverage with no contractual protection is how a balance goes below zero in the first place.
03

The Terms on the AssexMarkets website put every dispute in the exclusive jurisdiction of the courts of South Africa. The Service Agreement the registration page asks you to accept puts them in the courts of Saint Lucia. Each document says it alone is the entire agreement.

Why this matters

You cannot know where to sue. Whichever court you pick, AssexMarkets can argue you agreed to the other one. Both clauses also let it sue you anywhere it likes.

Exhibit 3CriticalRarely seen2

These Terms shall be governed by and construed in accordance with the laws of the Republic of South Africa, without regard to its conflict of laws principles.
Clause 15 in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026Two contracts bind you, and they name different courts (clause 15)Visit this page on the broker's siteDownload the full size image file

Buried at section 39 of 56 in the Terms & Conditions, 70% of the way through.

Our readingBrokers often name a distant forum. Naming two different exclusive forums in two live contracts is a defect rather than a choice, and the client carries it.

  • Worse together with Exhibit 22The two contracts also differ on how much warning you get before either is rewritten.
04

The AssexMarkets FAQ answers the question of whether it is regulated with a blank: regulated by [Regulatory Authority] under license number [License Number]. The compensation answer does the same, offering the [Investor Compensation Fund] up to [Amount].

Why this matters

Nobody filled these in. There is no named regulator to complain to and no named fund behind your balance, and neither contract names one either.

Exhibit 4CriticalRarely seen

Assexmarkets Global Ltd is authorised by the Financial Services Regulatory Authority (FSRA) in St. Lucia in compliance with the (RATLA) IBC Act 12.14 section 10(5) with registration number 2024-00223.
Clause St. Lucia Registration in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026Regulator and compensation fund published as unfilled placeholders (clause St. Lucia Registration)Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Oct 8, 2026The claim, on FAQs page, Security and Regulation section, answer to Is AssexMarkets regulated?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
Our own capture of assexmarkets.com, taken on Oct 8, 2026What the contract says, clause 14Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Oct 8, 2026The claim, on FAQs page, answer to Is compensation available if AssexMarkets becomes insolvent?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
Our own capture of assexmarkets.com, taken on Oct 8, 2026What the contract says, clause 2Visit this page on the broker's siteDownload the full size image file

Buried at section 51 of 56 in the Terms & Conditions, 91% of the way through.

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

Firms licensed by CySEC belong to the Investor Compensation Fund, and FCA firms to the Financial Services Compensation Scheme, each with a stated limit per client. AssexMarkets leaves both the scheme and the amount as empty brackets.

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

Our readingTemplate text left unfilled on a live page is not a drafting style. It means the answer was never supplied, and the question was whether your money is protected.

05

Neither contract gives AssexMarkets a deadline to pay you. Clause 4.3 points at timeframes published on its platform, then makes them subject to compliance checks. No clause puts a limit on those checks. AssexMarkets can also demand more documents before it processes any withdrawal.

Why this matters

The only deadline AssexMarkets publishes sits on a marketing page, not in anything you signed. A withdrawal can stay pending with no outer limit while a check runs, and no clause lets you escalate it.

Exhibit 5CriticalHarder than usual

Withdrawal requests are processed within the timeframes published on our platform, subject to the completion of all applicable KYC verification and compliance checks.
Clause 4.3 in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026No withdrawal deadline anywhere in either contract (clause 4.3)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 13 of 56 in the Terms & Conditions, near the start.

  • Worse together with Exhibit 17A withdrawal with no deadline sits behind a verification review that also has none.
06

AssexMarkets bars different countries depending on which page you read. Its website footer names US, Pakistan, Iraq, Iran and Uzbekistan. The Service Agreement names Syria, Cuba, North Korea and parts of Ukraine instead. The registration page bars Europe and the United Kingdom, which neither contract mentions.

Why this matters

A trader in Europe can sign up today. The registration box only asks you to confirm you are not a US resident. Clause 16 then lets AssexMarkets close your account for living in a restricted jurisdiction. Clause 1 lets it add your country with no notice at all.

Exhibit 6CriticalRarely seen3

Disclaimer: Assexmarkets Global Ltd does not offer services to US, Pakistan, Iraq, Iran, Uzbekistan, or any other jurisdiction where such distribution or use would be contrary to local law or regulation.
Clause Disclaimer in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026Three different lists of countries the broker refuses (clause Disclaimer)Visit this page on the broker's siteDownload the full size image file

Buried at section 56 of 56 in the Terms & Conditions, 100% of the way through.

Our readingOne restricted list in one place is normal. Three lists that disagree means the broker cannot tell you reliably whether it is allowed to serve you.

Profits from an automated system can be taken and the account closed

Clause 6.1 lets AssexMarkets block your account permanently without notice, forfeit all profits made through an automated system, and reverse a withdrawal already in flight. It decides alone whether your trading qualified. The deduction stops at the profits from that activity, so clause 13 still returns your remaining balance.

Profit at risk1 clause flagged

If AssexMarkets decides your trading was automated, it can block your account permanently and without warning. It can take every profit that system made. It can also reverse a withdrawal you have already requested. Clause 6.1 lets it decide all of this alone.

Why this matters

Money already approved for payout can be pulled back. The clause does limit forfeiture to profits made with the automated system, so your deposit stays withdrawable under clause 13.

Exhibit 7CriticalHarder than usual

Immediate and permanent blocking of the trading account without prior notice.
Clause 6.1 in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026All profits taken and the account blocked without notice (clause 6.1)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 24 of 56 in the Terms & Conditions, 43% of the way through.

AssexMarkets caps what it can owe you at the fees you paid it

Clause 5.3 limits total liability to the fees paid to AssexMarkets in the previous 12 months, on accounts it sells as commission free. Clause 14 gives it 30 business days to answer a complaint, on reasonable efforts, and names no independent body. Clause 12 then makes you indemnify it for trading on your account that you never authorised.

Access to redress4 clauses flagged

Everything AssexMarkets could ever owe you is capped at the fees you paid it in the year before the problem. Its Standard account is sold as commission free, with all costs built into the spread.

Why this matters

On a commission free account the fees you paid may be close to nothing, and so is the ceiling on any claim. The Raw Spread account charges $2.50 per lot, the only published figure that would count toward it.

Exhibit 8CriticalHarder than usual$2.5

IN NO EVENT SHALL THE AGGREGATE LIABILITY OF ASSEXMARKETS EXCEED THE TOTAL AMOUNT OF FEES PAID BY YOU TO ASSEXMARKETS IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO SUCH LIABILITY.
Clause 5.3 in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Oct 8, 2026Liability capped at the fees you paid the broker (clause 5.3)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 21 of 56 in the Terms & Conditions, 38% of the way through.

What it costsTrade 100 lots on the Raw Spread account in a year and you pay $250 in commission. That $250 is the ceiling on everything AssexMarkets could owe you.

  • Worse together with Exhibit 14A near zero cap on any claim sits behind a complaints route with no independent body at the end of it.
  • Worse together with Exhibit 16The contract both refuses to refund losses from its own technical errors and caps what it could owe for them.

AssexMarkets gives itself 30 business days to answer a complaint, and only on reasonable efforts. Clause 14 promises no outcome and names no independent body. If it does not resolve things, your next step is mediation, arbitration or a court.

Why this matters

Six working weeks pass before AssexMarkets has even failed to try. After that there is no ombudsman. Your only route is a court in Saint Lucia or South Africa.

Exhibit 14WarningHarder than usual30 working days

AssexMarkets will use reasonable efforts to resolve complaints within thirty (30) business days.
Clause 14 in Terms & Conditions
Read from the broker's site on Open the reference

Buried at section 37 of 56 in the Terms & Conditions, 66% of the way through.

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

Clients of FCA and CySEC firms can take an unresolved complaint to a free independent ombudsman, and the firm has a fixed deadline to answer. AssexMarkets offers reasonable efforts over 30 business days and then a court.

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

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Complaint filedYou must email support@assexmarkets.com before anything else.14
30 business daysAssexMarkets aims to resolve it, on reasonable efforts only.14
Still unresolvedEither side may refer the matter to mediation or arbitration.14
CourtThe courts of South Africa take exclusive jurisdiction over you.15

You promise to pay AssexMarkets' costs for any trading done through your account, authorised or not. Clause 12 says so. Clause 3.3 already clears AssexMarkets of any loss from a break-in it blames on your password.

In plain words

Indemnities are money it says you owe it.

Why this matters

If someone takes over your account and trades it, you carry the loss and AssexMarkets' legal bill as well.

Exhibit 15WarningRarely seen

Any trading activity conducted through your account, whether authorised or unauthorised.
Clause 12 in Terms & Conditions
Read from the broker's site on Open the reference

Buried at section 34 of 56 in the Terms & Conditions, 61% of the way through.

Our readingAn indemnity normally covers the client's own breaches. Extending it to activity the client never authorised turns a break-in into a cost you owe the broker.

The Service Agreement makes every trading loss final regardless of what caused it, naming platform latency, slippage, gaps and technical errors. The published Terms list the same losses but leave that sentence out.

Why this matters

If AssexMarkets' own system misprices or freezes and you lose money, clause 6.4 says it does not refund it. Clause 8 excludes its liability for platform failures as well.

Exhibit 16WarningHarder than usual

This applies regardless of the cause of the loss, including but not limited to adverse market movements, platform latency, slippage, gaps, or technical errors.
Clause 6.4 in AssexMarkets Global Limited Service Agreement
Read from the broker's site on Open the reference

AssexMarkets sells the trading its own contracts forfeit profits for

Clause 6 of the AssexMarkets Terms prohibits Expert Advisors, high-frequency trading and automated copy trading, and clause 6.1 forfeits every profit made with them. Five AssexMarkets pages sell exactly those things, including a Raw Spread account marketed to scalpers. The same gap runs through negative balance protection, segregated accounts and PAMM management, each promised in marketing and refused in the contract.

Promise against clause5 clauses flagged

AssexMarkets publishes three different leverage limits on its own pages. Leverage Plus offers unlimited leverage. The about page says up to 1:1000. The FAQ and the account pages say up to 1:500. Neither contract mentions a limit at all.

Why this matters

Leverage sets how large a position your deposit controls, so the figure decides how fast you can lose it. You cannot tell which one applies to your account, and no contract fixes it.

Exhibit 9WarningHarder than usual1000

Understanding the impact of leverage, spread, swap, and other trading costs on your account.
Clause 5.2 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 19 of 56 in the Terms & Conditions, 34% of the way through.

What it costsAt 1:500, a $200 deposit controls a position worth $100,000.

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

Firms under ESMA, FCA and ASIC rules cap retail CFD leverage at 30:1 on major currency pairs. AssexMarkets advertises unlimited leverage on one account and 1:500 on others.

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

AssexMarkets asks for a different opening deposit on every page. The Standard and Leverage Plus pages say $10. Raw Spread says $100. The PAMM page says $250. The FAQ says $100, $1,000 and $5,000 for account types that have no pages.

Why this matters

You cannot tell what it costs to start. Clause 4.2 says the minimum is whatever AssexMarkets publishes, and that it may change it at its own discretion.

Exhibit 10WarningHarder than usual$10

The minimum deposit amount and accepted currencies are as published on our platform and may be updated at our discretion.
Clause 4.2 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 12 of 56 in the Terms & Conditions, near the start.

AssexMarkets sells PAMM accounts for Portfolio Managers from $250 and invites you to let skilled traders manage your funds. Both contracts list portfolio management of any kind among the things it does not provide. Both also ban the automatic order copying these products run on.

Why this matters

If the manager loses your money, the contract says AssexMarkets never offered management and that you made every decision yourself. The automation that makes copy trading work is prohibited too, so the profits are forfeitable.

Exhibit 19WarningHarder than usual$250

Investment advice, portfolio management, or financial planning services of any kind.
Clause 2 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 5 of 56 in the Terms & Conditions, near the start.

AssexMarkets says on its client protection page that it keeps your funds in segregated accounts at tier-1 banks. Both contracts list custody and safekeeping of client assets among the services it does not provide.

Why this matters

No clause you agreed to promises your money sits apart from the company's own. No bank is named, and no contract term stops the arrangement changing.

Exhibit 20WarningHarder than usual

Custody or safekeeping services for client assets beyond the operational requirements of maintaining trading accounts.
Clause 2 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 5 of 56 in the Terms & Conditions, near the start.

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

Firms licensed by the FCA, CySEC and ASIC must hold retail client money in segregated accounts and must say so in their terms. AssexMarkets makes the promise on a marketing page and disclaims safekeeping in both contracts.

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

The AssexMarkets PAMM page ranks its top strategies and shows a 5358.97% gain. The same account number, the same name and the same figures repeat down all six rows. Clause 5.1 says no representation is made that any account is likely to achieve profits illustrated on its platform.

Why this matters

The table is what persuades you to hand money to a manager, and it is one row copied. The contract disclaims it in the same breath.

Exhibit 21WarningRarely seen5358.97%

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed or illustrated on our platform.
Clause 5.1 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 18 of 56 in the Terms & Conditions, 32% of the way through.

What it costsA $1,000 stake growing 5358.97% would reach $54,589.70. That same figure appears six times for one account number.

Our readingA performance ranking exists so investors can compare managers. Six identical rows cannot do that, and the figure shown is the one a reader will remember.

Neither AssexMarkets contract contains a single fee figure

The only prices AssexMarkets publishes anywhere are a $2.50 per lot commission and spread figures on its account pages. Its fees page promises it covers all third-party transaction fees, while its own FAQ on the same page says your provider's fees are yours. Clause 13 lets it deduct applicable fees and obligations from your closing balance without defining them.

Cost disclosure2 clauses flagged

Neither contract AssexMarkets publishes contains a single fee figure. Clause 4.2 says the minimum deposit is whatever is published on the platform and can change at its discretion. Clause 13 lets it deduct applicable fees and obligations from your closing balance, without saying what those are.

Why this matters

You agree to charges that are not written down, and AssexMarkets can change them by updating a web page. Nothing in either contract makes it tell you what it took.

Exhibit 11WarningHarder than usual

Upon termination, all open positions may be closed at the prevailing market price, and any remaining balance (after deduction of applicable fees and obligations) will be returned to you through the original payment method, subject to compliance with AML/CTF requirements.
Clause 13 in Terms & Conditions
Read from the broker's site on Open the reference

Buried at section 36 of 56 in the Terms & Conditions, 64% of the way through.

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

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before that client trades. AssexMarkets puts no figure in either contract.

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

The AssexMarkets fees page is headed Zero Fees and says it covers all third-party transaction fees. Its own FAQ on the same page says some withdrawal methods may include a small processing fee. The deposit FAQ adds that your payment provider may apply its own fees.

Why this matters

You cannot tell who pays the processor. Clause 4.1 settles it against you, binding you to the payment processor's terms on top of AssexMarkets' own.

Exhibit 12WarningHarder than usual

By making a deposit, you agree to be bound by the terms and conditions of the relevant payment processor in addition to these Terms.
Clause 4.1 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 11 of 56 in the Terms & Conditions, near the start.

Every AssexMarkets withdrawal is a review with no deadline on it

Clause 4.3 processes withdrawals within timeframes published on the platform, then makes them subject to compliance checks that no clause time-limits. AssexMarkets can request more documents before processing any payout. The 24 hour promise and the $50 minimum both live on marketing pages, not in anything you sign.

Exit conditions1 clause flagged

AssexMarkets will not pay you less than $50, and says so only in its FAQ. Below that, the FAQ says the balance can be taken out only by closing the account entirely. Clause 4.3 sets no minimum at all.

Why this matters

A balance under $50 traps you into a choice: close the account or leave the money there. Nothing you signed told you about the floor.

Exhibit 13WarningHarder than usual$50

Withdrawal requests are processed within the timeframes published on our platform, subject to the completion of all applicable KYC verification and compliance checks.
Clause 4.3 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 13 of 56 in the Terms & Conditions, near the start.

What it costsA $49 balance is below the floor. The only route to it is closing the account.

A $100 tournament sold with no rules and no published terms

AssexMarkets sells tournament packages from $100 on a $100,000 account, advertising no rules and no restrictions. Its FAQ says profits made during the tournament are not withdrawable, and only a leaderboard prize is. Clause 8 says promotion terms will be published alongside the promotion, and none exist on the site.

Paid promotion1 clause flagged

AssexMarkets sells tournament entry from $100 and advertises no rules and no restrictions. Its FAQ says profits you make during the tournament are not yours, and that only a leaderboard prize can be withdrawn. No tournament terms are published anywhere.

Why this matters

You pay to enter, trade a $100,000 account, and keep nothing unless you finish on top. Clause 8 says promotion terms will be published alongside the promotion, and none are.

Exhibit 18WarningHarder than usual$100

All such promotions are subject to their own specific terms and conditions, which will be published alongside the promotion.
Clause 8 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 28 of 56 in the Terms & Conditions, 50% of the way through.

  • Worse together with Exhibit 1The tournament FAQ allows bots and high-frequency trading that the only published rules forfeit profits for.

The notice period and the banned country list depend on which document you read

The published AssexMarkets Terms give you 14 days notice of a change, and the Service Agreement you actually accept gives none. Three different lists of refused countries exist across the footer, the Service Agreement and the registration page, and clause 1 lets AssexMarkets add yours without notice. Privacy terms take effect the moment they are posted.

Terms that move2 clauses flagged

The published Terms promise you 14 days notice before a change takes effect. The Service Agreement you accept at registration has no notice period at all. Both say your continued use counts as acceptance.

Why this matters

AssexMarkets can rewrite the agreement that actually binds you and have it apply at once. Carry on trading and you have agreed, whether you read the notice or not.

Exhibit 22WarningRarely seen14 days

Material changes will be communicated to you by email or by publishing a notice on the platform at least fourteen (14) days before the changes take effect.
Clause 16 in Terms & Conditions
Read from the broker's site on Open the reference

Buried at section 40 of 56 in the Terms & Conditions, 71% of the way through.

Our readingA notice period that exists in one version of a contract and not in the other is not boilerplate. The version without it is the one the registration page asks you to accept.

AssexMarkets can rewrite its privacy policy and have the new version apply immediately. It gives you no notice, and says that carrying on using the service is your acceptance.

Why this matters

What AssexMarkets may do with your identity documents, your trading history and your recorded calls can change overnight. The Terms give you fourteen days on other changes and nothing here.

Exhibit 23WarningHarder than usual

We may update this Privacy Policy from time to time. Updates will be posted on our site and become effective immediately. Continued use of our Services constitutes acceptance of changes.
Clause Changes to This Privacy Policy in Privacy Policy
Read from the broker's site on Open the reference

Buried at section 19 of 29 in the Privacy Policy, 66% of the way through.

AssexMarkets can hold your deposits, trading and withdrawals until it is satisfied

Clause 3.2 lets AssexMarkets restrict deposits, withdrawals and trading until verification is satisfactorily completed, a test it sets and applies itself. No deadline, document list or appeal appears anywhere. Its privacy policy also makes recordings of your calls its own property and usable as evidence.

Verification hold2 clauses flagged

AssexMarkets can switch off your deposits, your trading and your withdrawals until it is satisfied with your documents. Clause 3.2 sets no deadline, no list of what finally counts, and no appeal.

Why this matters

Satisfactorily completed is AssexMarkets' own test, applied to its own request. Your funds stay where they are until it agrees, and it can reopen the question at any withdrawal.

Exhibit 17WarningHarder than usual

AssexMarkets reserves the right to restrict account functionality, including deposits, withdrawals, and trading, until KYC verification is satisfactorily completed. Incomplete or fraudulent documentation may result in permanent account closure.
Clause 3.2 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 9 of 56 in the Terms & Conditions, near the start.

AssexMarkets records your calls, emails and chats, and its privacy policy makes those recordings its own property. It can use them as evidence of what passed between you.

Why this matters

In a dispute, the firm you are arguing with owns the record of the conversation. The policy gives you no right to a copy and sets no retention period.

Exhibit 25NoticeHarder than usual

We may monitor or record communications (phone calls, emails, chats) with you for quality assurance, regulatory compliance, and recordkeeping. These recordings are the property of AssexMarkets and may be used as evidence of interactions.
Clause Communication Monitoring in Privacy Policy
Read from the broker's site on Open the reference

Where it sits: section 8 of 29 in the Privacy Policy, 28% of the way through.

AssexMarkets never says whether it takes the other side of your trade

Both AssexMarkets contracts call the company an intermediary and stop there. Neither says whether it deals as principal against you, and neither says whether it profits when you lose. It publishes no conflict of interest policy, and names liquidity providers only to disclaim responsibility for them.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Liquidity providers are outside banks and brokers.

Counterparty silence1 clause flagged

AssexMarkets calls itself an intermediary and never says whether it is your counterparty. Neither contract says whether it profits when you lose, and it publishes no conflict of interest policy.

Why this matters

You cannot tell whether the firm holding your money gains from your losing trades. Clause 10 mentions liquidity providers only to disclaim responsibility for them.

Exhibit 24NoticeStandard wording

AssexMarkets acts only as an intermediary facilitating your access to the financial markets and does not act as your financial advisor, broker-dealer, or fiduciary.
Clause 2 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 6 of 56 in the Terms & Conditions, near the start.

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

Firms licensed by the FCA and CySEC must publish a conflicts of interest policy and tell retail clients when they deal as principal against them. AssexMarkets publishes neither.

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

AssexMarkets Global Limited holds two offshore registrations and publishes no risk statement

You contract with AssexMarkets Global Limited, registered in Saint Lucia under 2024-00223 and again in the Comoros under HT00925090. Its footer says MetaTrader 5 runs only through the Saint Lucia entity, which is not the registration carrying the brokerage licence it names. Both contracts incorporate a Risk Disclosure Statement that AssexMarkets does not publish.

Who you contract with2 clauses flagged

Both contracts say the agreement includes a Risk Disclosure Statement. AssexMarkets publishes no such document anywhere on its site.

Why this matters

You have accepted terms you cannot read. If a dispute turns on what you were warned about, the warning document does not exist to check.

Exhibit 26NoticeHarder than usual

These Terms, together with our Privacy Policy, Risk Disclosure Statement, and any applicable promotion-specific terms, constitute the entire agreement between you and AssexMarkets with respect to the use of the platform and supersede all prior agreements, understandings, negotiations, and discussions, whether oral or written.
Clause 19 in Terms & Conditions
Read from the broker's site on Open the reference

Buried at section 44 of 56 in the Terms & Conditions, 79% of the way through.

AssexMarkets Global Limited is registered in Saint Lucia and again in the Comoros. The Comoros entry names a brokerage licence. Its own footer then says MetaTrader 5 comes only through the Saint Lucia entity.

Why this matters

The licence AssexMarkets names and the entity running your trading platform are not the same one. Neither contract names a regulator you could complain to.

Exhibit 27NoticeHarder than usual

The company is licensed by the Mwali International Services Authority (MISA) as an International Brokerage and Clearing Company under License No. BFX2025110.
Clause Comoros Registration & Regulatory License in Terms & Conditions
Read from the broker's site on Open the reference

Buried at section 53 of 56 in the Terms & Conditions, 95% of the way through.

Where the marketing and the contract disagree

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

01

AssexMarkets tells you to automate your strategies with Expert Advisors on the same site whose contract prohibits software that submits orders without your manual intervention.

Said in public, in English

Advanced Trading Tools Create, test, and automate your strategies directly within MetaTrader 5 using MetaEditor and Expert Advisors.

About Us page, What We Offer section

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

In the contract · clause 6

Automated trading bots, scripts, Expert Advisors ("EAs") designed for high-frequency execution, or any software that submits orders without direct manual intervention by the account holder.

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

02

The FAQ answers yes to Expert Advisors while the agreement you sign at registration makes using them grounds for termination and profit forfeiture.

Said in public, in English

Yes, our MetaTrader platforms fully support Expert Advisors. You can use existing EAs or develop custom solutions.

FAQs page, Trading Platforms section, answer to Can I use Expert Advisors (EAs) for automated trading?

In the contract · clause Acknowledgment and Acceptance

The use of automated or high-frequency trading systems is strictly prohibited, and violations will result in account termination and profit forfeiture.

03

An account is sold as ideal for scalpers and high-frequency traders while clause 6 strictly prohibits high-frequency trading on the platform.

Said in public, in English

The Raw Spread account offers direct market access with ultra-low spreads starting from 0.0 pips, ideal for scalpers and high-frequency traders.

Raw Spread Account page, FAQ answer to What is the Raw Spread Account?

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In the contract · clause 6

High-frequency trading ("HFT") strategies, including but not limited to latency arbitrage, market-making algorithms, and tick-scalping bots.

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04

The tournament FAQ allows bots and high-frequency trading, while the only published rules forfeit every profit made with an automated system.

Said in public, in English

In the tournament, every possible approach is allowed—provided you're topping the leaderboard.

Tournament page, FAQ answer to Can I use HFT or a bot?

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In the contract · clause 6.1

Forfeiture of all trading profits derived from the use of automated systems.

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05

The client protection page says losses cannot exceed your balance on any account, while the agreement you sign warns that overnight gaps can produce losses beyond your deposit.

Said in public, in English

Negative Balance Protection Trade confidently knowing you won’t owe your broker money; we prevent losses from exceeding your balance across all trading account types.

Client Protection page, Trading Protection section

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In the contract · clause 7.2

Weekend and Overnight Risk: Positions held over weekends or overnight may be subject to significant price gaps that could result in losses exceeding your initial deposit.

06

The 24 hour promise lives on a marketing page, while the contract that binds you sets no deadline and makes payout conditional on checks with no time limit.

Said in public, in English

We process all withdrawal requests within 24 hours. The time to receive funds depends on your withdrawal method:

FAQs page, answer to How long do withdrawals take to process?

In the contract · clause 4.3

Withdrawal requests are processed within the timeframes published on our platform, subject to the completion of all applicable KYC verification and compliance checks.

07

The regulator and the licence number are unfilled placeholders, and the contract's only complaints route is the company's own inbox.

Said in public, in English

Yes, AssexMarkets is regulated by [Regulatory Authority] under license number [License Number]. We adhere to strict financial standards including capital adequacy requirements and client fund segregation.

FAQs page, Security and Regulation section, answer to Is AssexMarkets regulated?

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In the contract · clause 14

Any dispute, controversy, or claim arising out of or relating to these Terms, or the breach, termination, or invalidity thereof, shall first be submitted to AssexMarkets' internal complaints procedure by contacting support@assexmarkets.com.

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

08

The compensation scheme and the amount are both empty brackets, and the contract lists safekeeping of client assets as something AssexMarkets does not provide.

Said in public, in English

Clients may be eligible for compensation through the [Investor Compensation Fund] up to [Amount] per client, subject to eligibility criteria defined by our regulatory authority.

FAQs page, answer to Is compensation available if AssexMarkets becomes insolvent?

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In the contract · clause 2

Custody or safekeeping services for client assets beyond the operational requirements of maintaining trading accounts.

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09

The registration page bars Europe and the United Kingdom, which the website disclaimer and both contracts never mention.

Said in public, in English

AssexMarkets Global Limited do not offer services to residents of certain jurisdictions including the USA, Iran, North Korea, Europe, the United Kingdom and others

Client portal registration page banner

In the contract · clause Disclaimer

Disclaimer: Assexmarkets Global Ltd does not offer services to US, Pakistan, Iraq, Iran, Uzbekistan, or any other jurisdiction where such distribution or use would be contrary to local law or regulation.

10

A $50 floor and a forced account closure below it appear only in the FAQ, and the withdrawal clause sets no minimum at all.

Said in public, in English

The minimum withdrawal amount is $50 or equivalent in your account currency. Smaller balances must be withdrawn in full as a complete account closure.

FAQs page, answer to Is there a minimum withdrawal amount?

In the contract · clause 4.3

Withdrawal requests are processed within the timeframes published on our platform, subject to the completion of all applicable KYC verification and compliance checks. Withdrawals will be processed to the same payment method used for the original deposit where possible.

11

The fees page says AssexMarkets covers all third-party transaction fees, while the contract binds you to the processor's own terms and names no fee it absorbs.

Said in public, in English

At AssexMarkets, we cover all third-party transaction fees—so every deposit and withdrawal is smoother, cleaner, and 100% transparent. You focus on trading. We’ll handle the fees.

Fees page, Zero Fees section

In the contract · clause 4.1

By making a deposit, you agree to be bound by the terms and conditions of the relevant payment processor in addition to these Terms.

12

Segregated accounts at tier-1 banks are promised in marketing, while both contracts list safekeeping of client assets among the services not provided.

Said in public, in English

Segregated Accounts We keep funds in segregated accounts in multiple tier-1 banks to ensure top security and peace of mind.

Client Protection page, Payment Protection section

In the contract · clause 2

Custody or safekeeping services for client assets beyond the operational requirements of maintaining trading accounts.

13

The PAMM page invites you to let traders manage your funds, while clause 2 lists portfolio management of any kind among the services AssexMarkets does not provide.

Said in public, in English

Expert Management Let skilled traders manage your funds while you benefit from their experience.

PAMM page, Why Open a PAAM Account? section

In the contract · clause 2

Investment advice, portfolio management, or financial planning services of any kind.

14

A ranked performance table showing a 5358.97% gain sits against a clause saying no representation is made about profits illustrated on the platform.

Said in public, in English

Discover the top-performing PAAM strategies trusted by investors — ranked by consistency, profitability, and expert execution. Find the perfect fit for your investment goals.

PAMM page, Top 10 PAAM Strategies table showing a 5358.97% gain in six identical rows

In the contract · clause 5.1

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed or illustrated on our platform.

15

One page advertises unlimited leverage while the about page says 1:1000 and the FAQ says 1:500, and no contract fixes any limit.

Said in public, in English

Trade with total flexibility using unlimited leverage and tight, commission-free spreads.

Leverage Plus Account page, account summary card

In the contract · clause 7.2

Leverage Risk: Trading on margin means that a small market movement can result in a disproportionately large loss relative to your deposited capital. Leverage can work against you as much as it can work for you.

The documents this reading is based on

3 files, all published by Assexmarkets. 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 Assexmarkets publishes.

How this reading was done

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

This reading was published on . It is the newest of 2 readings we keep of these documents. See every reading.

Documents
3 of 3downloaded from the broker's site, and 3 read in full
Pages opened
79pages walked to find those documents, footer links included
Marketing pages
4public pages set against what the contract says
Position measured
25clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

AssexMarkets Global Limited

You contract with AssexMarkets Global Limited, registered in Saint Lucia under number 2024-00223 at The Sotheby Building, Rodney Bay, Gros-Islet. The same name is registered again in the Comoros under HT00925090, with a Mwali International Services Authority licence. The footer says MetaTrader 5 comes only through the Saint Lucia entity. The published Terms put you under South African law, while the Service Agreement you accept at registration puts you under Saint Lucia law. The privacy policy never names which AssexMarkets entity holds your data.

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.

Every time we have read this contract

We keep 2 readings of Assexmarkets’ documents, newest first. Each one shows what we said at the time.

2 readings

What changed since Sep 11, 2026

The counts below are about our own list of clauses. A clause can join it because the broker added it, or because this reading found something the last one missed.

New on our list
7 clauses
Off our list
1 clause
We rate critical
8 now, 7 then
Our risk score
8 to 8.5 out of 10

The two documents on the AssexMarkets website are unchanged since the previous review. What is new is a third contract. The registration page asks you to accept a Service Agreement published as a Word file, and we had not read it before. It sets Saint Lucia courts where the published Terms set South African ones. It also drops the fourteen days notice of changes and says losses can exceed your deposit. The risk score moves from 8.0 to 8.5 on that document.

The counts above are the totals each reading published. They show that a total moved. They do not yet say which single clause was added or dropped.

  1. CurrentRisk 8.5/1027 clauses8 critical
  2. Risk 8/1021 clauses7 criticalReplaced

We keep every past reading so you can check what we said before, and when we said it. Those pages are archived snapshots of an older contract, so search engines are asked not to index them.

In fairness, and what we could not check

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

Neither contract charges you for holding an account. No dormancy fee, no inactivity fee and no monthly charge appears in either document. The Service Agreement names six separate risks, including weekend gap risk and crypto volatility. That is more detail than most offshore brokers publish. Clause 6.1 forfeits only profits made with the automated system, not your deposit. Clause 13 returns the remaining balance when an account closes.

The agreement AssexMarkets asks you to accept at registration is published only as a Word file you download from our.assexmarket.com. This review covers all of it. No earlier version of any of these documents exists. AssexMarkets publishes no risk disclosure, no bonus terms and no complaints policy, so there was nothing to check those claims against. Everything past the registration page needs an account, so the review covers only what AssexMarkets publishes openly.

How to check any of this yourself

Every quote above links to the Assexmarkets 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 Assexmarkets 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 Assexmarkets 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 8, 2026.

If you represent Assexmarkets 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 Assexmarkets. Whether its licence is real and current is a separate check on the broker profile.

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