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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 .

Contracting entity: AssexMarkets Global Limited

marketing gapsole discretionwithdrawalsforum waiverhidden feemissing documentautomated tradingcopy tradingkyc freezeliability cap

AssexMarkets publishes two legal documents. Its marketing pages promise four protections that neither document contains. The contract lets AssexMarkets take every profit and block your account without notice if it decides your trading was automated, while its own FAQ tells you to use Expert Advisors. No clause anywhere gives you a deadline for a withdrawal.

Back to Assexmarkets

Contract risk

Money at risk
8.0/10

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.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
21
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
2
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
18

How the 21 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.

Critical7
Warning12
Notice2

section 48 of 56is where the deepest clause sits, 86% 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.

Critical1000In the contract. Jump to the clause this comes from.Negative balance protection promised, absent from the contract$50Withdrawal limit. Jump to the clause this comes from.A $50 withdrawal floor that the contract never mentions30 working daysTime to complain. Jump to the clause this comes from.Thirty business days to answer a complaint, on best efforts14 daysAccount limit. Jump to the clause this comes from.Terms changed on fourteen days notice, privacy terms changed instantly

What the documents say

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

01

If AssexMarkets decides your trading was automated, clause 6.1 lets it take every profit you made that way. It can block your account permanently without telling you first. It can also cancel a withdrawal you have already requested.

Why this matters

AssexMarkets decides on its own whether your trading counted as automated. The contract gives no test, no warning before the block and no appeal after it. Money already sitting in a withdrawal request can be pulled back.

Exhibit 1CriticalHarder than usual

Any trading account found to be engaging in prohibited automated trading activity will be subject to the following enforcement actions at AssexMarkets' sole discretion:
Clause 6.1 in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Sep 11, 2026Profits taken and account blocked for automated trading (clause 6.1)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 22 of 56 in the Terms & Conditions, 39% of the way through.

  • Worse together with Exhibit 2AssexMarkets sells the automation on its own pages and punishes it in the contract, so the trigger for forfeiture is a feature it invited you to use.
02

The AssexMarkets FAQ tells you its MetaTrader platforms fully support Expert Advisors. Clause 6 of the contract bans any software that sends an order without you placing it by hand, which is what every Expert Advisor does.

Why this matters

You can follow the instructions on the About Us page, the FAQ and the copy trading page and still breach clause 6. The penalty is your profits, your account and any withdrawal you have pending.

Exhibit 2CriticalRarely seen

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 Sep 11, 2026The claim, on FAQ answer under Trading Platforms, to the question "Can I use Expert Advisors (EAs) for automated trading?"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 Sep 11, 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 Sep 11, 2026The claim, on Copy Trading page, Follower sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Sep 11, 2026What the contract says, clause 6Visit 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.

Our readingBrokers that restrict automated trading normally name a strategy, such as latency arbitrage or tick scalping. AssexMarkets bans any software that submits an order without direct manual intervention, which catches every Expert Advisor, every copy trading feed and the PAMM mirroring it sells.

03

AssexMarkets tells you on two pages that your account cannot go below zero. Neither the Terms nor the Privacy Policy contains any such protection, and clause 19 says the contract is the whole agreement and replaces everything said elsewhere.

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

AssexMarkets sells leverage up to 1:1000, and one account type is advertised with unlimited leverage. If a loss runs past your balance, no clause you signed stops AssexMarkets asking you for the difference.

Exhibit 3CriticalHarder than usual1000

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
Our own capture of assexmarkets.com, taken on Sep 11, 2026The claim, on FAQ answer under Account Management, to the question "What happens if my account goes into negative balance?"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

Buried at section 42 of 56 in the Terms & Conditions, 75% of the way through.

What it costsLeverage of 1:1000 means a $100 deposit controls $100,000 of position.

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

Firms licensed by the FCA and CySEC, and firms under ESMA rules, must give retail clients negative balance protection, so a client cannot lose more than the money in the account. The AssexMarkets contract grants no such protection, and clause 19 says the signed Terms are the entire agreement.

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

  • Worse together with Exhibit 7The contract gives you no protection against a negative balance and caps what AssexMarkets can ever owe you at the fees you paid it.
04

Nothing in the AssexMarkets contract tells you when a withdrawal has to be paid. Clause 4.3 points you to whatever timeframe the platform publishes that day, and only after its checks are finished.

Why this matters

AssexMarkets can ask you for more verification at any point in the process. No clause limits how long that takes, how many times it can ask, or what counts as enough.

Exhibit 4CriticalHarder 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 Sep 11, 2026The claim, on FAQ answer under Deposits and Withdrawals, to the question "How long do withdrawals take to process?"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 Sep 11, 2026What the contract says, clause 4.3Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Sep 11, 2026The claim, on Deposits and Withdrawals page, under the heading "Your money is yours"Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Sep 11, 2026What the contract says, clause 4.3Visit 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.

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

Firms licensed by the FCA and CySEC must set out in the client agreement itself how and when client money is returned. This contract leaves the timetable on a web page that AssexMarkets can edit.

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

  • Same clause as Exhibit 9Clause 4.3 is the only withdrawal clause in the contract, and it carries neither a deadline nor the minimum the website applies.
  • Worse together with Exhibit 14The verification hold has no end date and the withdrawal clause has no deadline, so one open-ended check can stop a payout indefinitely.
05

Three AssexMarkets pages say your money sits in segregated accounts at tier-1 banks. Clause 2 of the contract lists safekeeping of client assets among the services AssexMarkets does not provide.

Why this matters

Segregation is what keeps your deposit separate from the company's own money if the company fails. The contract you agree to promises none of it, and names no compensation scheme.

Exhibit 5CriticalRarely seen

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
Our own capture of assexmarkets.com, taken on Sep 11, 2026The claim, on Client Protection page, Payment Protection section, under the heading "Segregated Accounts"Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Sep 11, 2026What the contract says, clause 2Visit this page on the broker's siteDownload the full size image file

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 the client agreement. The AssexMarkets contract has no segregation clause, and clause 2 puts safekeeping outside what it offers.

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

Our readingMost client agreements say something about how client money is held, even offshore ones. A clause that lists safekeeping of client assets as a service the broker does not provide, while the marketing advertises segregated bank accounts, points the contract in the opposite direction from the website.

  • Worse together with Exhibit 6The site says your money is segregated and that a compensation fund covers insolvency, while the fund's name and the amount are both left blank.
06

Asked on its own FAQ whether it is regulated, AssexMarkets answers that it is regulated by [Regulatory Authority] under license number [License Number]. The names were never filled in. The answer on insolvency cover leaves the fund and the amount blank in the same way.

Why this matters

You cannot check a regulator whose name is a blank, and you cannot claim from a compensation fund that is not named. The only regulators the documents identify are two offshore company registries.

Exhibit 6CriticalRarely 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 Sep 11, 2026Regulator and compensation fund published as blank placeholders (clause St. Lucia Registration)Visit this page on the broker's siteDownload the full size image file

Buried at section 47 of 56 in the Terms & Conditions, 84% of the way through.

Our readingA broker leaving the regulator's name and its licence number as unfilled template fields on a live customer-facing page is a drafting failure, not a contract term. It means the claim to be regulated was published without anyone naming who does the regulating.

The most AssexMarkets can owe you is the fees you paid it

Clause 5.3 caps the total liability of AssexMarkets at the fees you paid in the twelve months before the problem, and most of its account types are sold as commission-free. Clause 14 gives the company thirty business days to answer a complaint, on reasonable efforts, with no independent body named after that. Clause 12 makes you cover its costs for trading on your account that you never authorised.

Recovery limits3 clauses flagged

Clause 5.3 caps everything AssexMarkets can ever owe you at the total fees you paid it before the problem happened. The same clause rules out liability for platform downtime, technical failures and data feed breaks.

Why this matters

Most AssexMarkets account types are sold as commission-free. Pay no commission and the most the company can owe you is nothing, whatever the platform does to your positions.

Exhibit 7CriticalHarder than usual

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 Sep 11, 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 20 of 56 in the Terms & Conditions, 36% of the way through.

What it costsOn a commission-free account the fees you pay AssexMarkets over twelve months can be $0. The ceiling on everything it can ever owe you is that same $0.

  • Worse together with Exhibit 13What AssexMarkets owes you is capped at the fees you paid, while what you owe AssexMarkets covers trades you never authorised.

A complaint to AssexMarkets goes to its own support inbox first. Clause 14 gives it thirty business days to answer, and only commits it to reasonable efforts within that time.

Why this matters

No independent complaints body is named anywhere in the contract. After the internal route, clause 14 sends you to mediation or arbitration under the law of South Africa at your own cost.

Exhibit 12WarningHarder 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 35 of 56 in the Terms & Conditions, 63% of the way through.

What it costsThirty business days is six working weeks before AssexMarkets owes you an answer, and even that is promised only as reasonable efforts.

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

Firms licensed by the FCA and CySEC must give a retail client access to an independent complaints body outside the firm. The AssexMarkets contract names only its own support address, then mediation or arbitration under South African law.

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

Clause 12 makes you pay AssexMarkets' costs and claims arising from any trading activity on your account, whether you authorised it or not. Clause 3.3 already puts every consequence of a stolen password on you.

Why this matters

Someone who takes over your account can trade it, and the bill for the fallout stays with you. The contract offers no exception for fraud you reported straight away.

Exhibit 13WarningHarder than usual

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

Where it sits: section 32 of 56 in the Terms & Conditions, 57% of the way through.

Four protections the AssexMarkets website promises and the contract never grants

Negative balance protection, segregated client accounts, a named regulator and a compensation fund all appear on AssexMarkets pages, and none of them appears in the contract you sign. Clause 19 then says the contract is the entire agreement and replaces everything said elsewhere. The FAQ also tells you to use Expert Advisors that clause 6 bans, and the site sells a managed PAMM account that clause 2 says AssexMarkets does not provide.

Promise against contract1 clause flagged

AssexMarkets sells a Percentage Allocation Asset Management account and invites you to let skilled traders manage your funds. Clause 2 lists portfolio management of any kind among the services it does not provide.

Why this matters

You put in $250 and someone else trades it. Clause 5.2 still calls every one of those trades your own decision, and clause 5.3 leaves AssexMarkets owing you nothing for the outcome.

Exhibit 8WarningHarder 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 publishes no prices in the document that binds you

The AssexMarkets contract names no deposit fee, no withdrawal fee, no commission and no swap rate. Clause 4.2 leaves the figures to a web page the company can change at its discretion, and clause 13 lets undefined fees come out of your balance when the account closes. The fees page promises it covers all third-party charges, then admits in its own FAQ that some withdrawal methods carry a processing fee.

Cost disclosure2 clauses flagged

The AssexMarkets contract names no deposit fee, no withdrawal fee, no commission and no swap rate. Clause 4.2 leaves the figures to whatever the platform publishes, and lets AssexMarkets change them at its discretion.

Why this matters

You cannot agree to a price that is not in the agreement. Clause 13 also lets AssexMarkets take undefined fees and obligations out of your balance when the account closes.

Exhibit 10WarningHarder than usual

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.

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. This contract sets out no fee schedule at all and points to a page AssexMarkets can edit.

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

  • Worse together with Exhibit 11The contract sets no prices and the fees page promises there are none, so neither document tells you what you will actually pay.

The AssexMarkets fees page says it covers all third-party transaction fees. Its own FAQ pages then say some withdrawal methods carry a processing fee and that your payment provider may add its own charges.

Why this matters

Clause 4.1 binds you to the payment processor's terms on top of the contract. Whatever that processor charges you comes out of your money, and no AssexMarkets document says what it is.

Exhibit 11WarningHarder 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
Our own capture of assexmarkets.com, taken on Sep 11, 2026The claim, on Fees page, under the heading "Zero Fees"Visit this page on the broker's siteDownload the full size image file
Our own capture of assexmarkets.com, taken on Sep 11, 2026What the contract says, clause 4.1Visit this page on the broker's siteDownload the full size image file

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

Every AssexMarkets withdrawal is a review with no clock on it

Clause 4.3 is the only withdrawal clause in the AssexMarkets contract, and it sets no deadline. It sends you to a timeframe published on the platform, payable once compliance checks finish, and lets AssexMarkets ask for more verification before any payout. A $50 minimum withdrawal appears on the FAQ and nowhere in the contract, on accounts that open with $10.

Exit conditions1 clause flagged

You can open an AssexMarkets account with $10, but the FAQ sets the smallest withdrawal at $50. Below that, the site says the only way out is to close the account and take everything.

Why this matters

A balance under $50 is stuck unless you shut the account. Clause 4.3 is the only withdrawal clause in the contract and it says nothing about a minimum, so the figure can move without changing the contract.

Exhibit 9WarningHarder than usual$50

Withdrawals will be processed to the same payment method used for the original deposit where possible.
Clause 4.3 in Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of assexmarkets.com, taken on Sep 11, 2026The claim, on FAQ answer under Deposits and Withdrawals, to the question "Is there a minimum withdrawal amount?"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 Sep 11, 2026What the contract says, clause 4.3Visit 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.

What it costsThe minimum deposit on a Standard account is $10 and the minimum withdrawal is $50. That leaves a $40 gap you have to fund before any withdrawal is possible.

Bonus money is locked by targets AssexMarkets does not publish

Clause 8 says bonus funds cannot be withdrawn and that trading volume requirements must be met before bonus profits are released. The promotion terms that would tell you the size of those targets are not published anywhere on the AssexMarkets site. The company can also modify, suspend or end any promotion at any time without prior notice.

Promotion lock1 clause flagged

Clause 8 says bonus money cannot be withdrawn and that volume targets must be met first. The specific promotion terms it refers you to are not published anywhere on the AssexMarkets site.

Why this matters

The size of the volume target decides whether a bonus is worth taking, and you cannot read it before you accept. AssexMarkets can also end any promotion at any time without warning.

Exhibit 17WarningStandard wording

Trading volume requirements must be met before bonus-related profits can be withdrawn.
Clause 8 in Terms & Conditions
Read from the broker's site on Open the reference

Where it sits: section 26 of 56 in the Terms & Conditions, 46% of the way through.

AssexMarkets can rewrite these terms on fourteen days notice

Clause 16 lets AssexMarkets amend, modify or replace the contract at its sole discretion. You get fourteen days of warning, but only for changes it calls material, and a notice on the platform counts as telling you. Keep using the account and you have accepted. Privacy Policy changes need no notice at all and take effect the moment they are posted.

Changing the deal1 clause flagged

AssexMarkets can rewrite the contract whenever it wants. Clause 16 gives you fourteen days of warning, but only for changes it calls material, and a notice posted on the platform counts as telling you.

Why this matters

Keep using the account after the date and you have accepted the new terms, whether you saw the notice or not. The Privacy Policy is worse: changes there take effect the moment they are posted.

Exhibit 16WarningStandard wording14 days

AssexMarkets reserves the right to amend, modify, or replace these Terms at any time at its sole discretion. 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 38 of 56 in the Terms & Conditions, 68% of the way through.

You are held to South African courts and AssexMarkets is not

Clause 15 puts the contract under the law of the Republic of South Africa and gives its courts exclusive jurisdiction over you. The same sentence keeps AssexMarkets free to bring proceedings in any court it chooses. The company you contract with is registered in St Lucia and Comoros, so the forum belongs to neither party.

Where you sue1 clause flagged

Clause 15 puts the contract under South African law and sends you to the courts of South Africa alone. The same sentence keeps AssexMarkets free to sue you in any court it likes.

Why this matters

The company you contract with is registered in St Lucia and Comoros, not South Africa. To sue, you travel to a third country that has no connection to either of you.

Exhibit 15WarningHarder than usual

You agree to submit to the exclusive jurisdiction of the courts of South Africa for the resolution of any disputes arising under or in connection with these Terms, provided that AssexMarkets retains the right to bring proceedings in any court of competent jurisdiction.
Clause 15 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.

AssexMarkets can freeze the account until its checks satisfy it

Clause 3.2 lets AssexMarkets restrict deposits, trading and withdrawals until verification is satisfactorily completed, without defining satisfactory or setting an end date. Clause 1 lets it demand identity, age and address documents at any time, with suspension or termination if you cannot supply them. The Privacy Policy also makes recordings of your calls the company's property and its evidence.

Verification holds2 clauses flagged

Clause 3.2 lets AssexMarkets switch off your deposits, your trading and your withdrawals until it is satisfied with your documents. The contract never says what satisfactory means or how long the review can run.

Why this matters

AssexMarkets can ask for proof of identity, age and address at any time, including years after you opened the account. If you cannot produce it, the account can be closed permanently.

Exhibit 14WarningHarder 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.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Until checks are completeAssexMarkets can switch off deposits, withdrawals and trading on your account.3.2
If documents are incompleteAssexMarkets can close the account permanently.3.2
At any time afterwardsAssexMarkets can demand proof of identity, age and residency again, and suspend the account if you do not send it.1

AssexMarkets can record your calls, emails and chats. The Privacy Policy makes those recordings its own property and says they may be used as evidence of what passed between you.

Why this matters

In a dispute the recordings sit on one side of the table. No clause gives you a right to a copy of a call you were part of.

Exhibit 21NoticeStandard wording

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 Archived copyOpen the reference

Where it sits: section 7 of 29 in the Privacy Policy, near the start.

AssexMarkets Global Limited, two offshore registries and a missing risk document

Clause 19 makes a Risk Disclosure Statement part of your agreement, and AssexMarkets does not publish it. The only two legal documents on the site are the Terms and the Privacy Policy, with nothing for copy trading, PAMM, the contests or any bonus. Since March 2026 a Comoros licence has appeared in the footer, alongside a new line saying MetaTrader 5 comes only through the Saint Lucia entity.

Who you contract with2 clauses flagged

Clause 19 makes a Risk Disclosure Statement part of your agreement with AssexMarkets. That document is not on the website, and no link anywhere on the site leads to it.

Why this matters

You are bound by words you cannot read. The same gap covers copy trading, PAMM, the trading contest and the tournament, all sold on the site with no terms published for any of them.

Exhibit 18WarningHarder 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 42 of 56 in the Terms & Conditions, 75% of the way through.

Since March 2026 AssexMarkets has added a Comoros registration and a Mwali International Services Authority licence to the foot of its contract. A new line under it says MetaTrader 5 comes only through the Saint Lucia entity.

Why this matters

The platform you actually trade on is delivered by the entity holding a company registration, not by the one holding the licence the footer advertises. The twenty numbered sections of the contract did not change at all.

Exhibit 19WarningHarder than usualNew

AssexMarkets Global LTD, registered at Bonovo Road, Fomboni, Island of Mohéli, Union of the Comoros, is incorporated under Registration No. HT00925090.
Clause Comoros Registration & Regulatory License in Terms & Conditions
Read from the broker's site on Open the reference

Buried at section 48 of 56 in the Terms & Conditions, 86% of the way through.

AssexMarkets never says whether it trades against you

Clause 2 describes AssexMarkets as an intermediary and rules out any advisory or fiduciary duty. Neither document says whether the company is the counterparty to your trades or passes them to a market, and no conflicts of interest policy is published. On a contract for difference, that answer decides whether your loss is the firm's income.

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.

The other side1 clause flagged

Clause 2 calls AssexMarkets an intermediary and rules out any advisory or fiduciary duty to you. Nothing in either document says whether AssexMarkets is the counterparty to your trades or passes them to a market.

Why this matters

If the firm takes the other side, your loss is its gain, and you would want to know that before you deposit. No conflicts of interest policy is published anywhere on the site.

Exhibit 20NoticeStandard 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 tell a retail client whether the firm is the counterparty to that client's trades, and must publish a conflicts of interest policy. The AssexMarkets contract calls the firm an intermediary and stops there.

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

Where the marketing and the contract disagree

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

01

The FAQ invites you to run Expert Advisors and clause 6 lists software that trades without manual intervention among the prohibited activities.

Said in public, in English

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

FAQ answer under Trading Platforms, to the question "Can I use Expert Advisors (EAs) for automated trading?"

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

AssexMarkets lists strategy automation with Expert Advisors as a feature it offers, and bans the same software in clause 6.

Said in public, in English

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

About Us page, under the heading "Advanced Trading Tools" in the What We Offer list

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.

03

The copy trading page sells trades placed for you without your involvement, which is the activity clause 6 prohibits.

Said in public, in English

When you follow a Strategy Provider, their trades are automatically replicated in your account in real-time, allowing you to benefit from their trading strategies without having to manage the trades yourself.

Copy Trading page, Follower 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

Copy trading signals routed through automated execution systems that bypass the platform's standard order flow.

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

04

The FAQ promises negative balance protection, and clause 19 makes the contract the whole agreement while the contract never grants it.

Said in public, in English

AssexMarkets provides negative balance protection for all retail clients. This means your account cannot go below zero, and you will not owe money beyond your deposit.

FAQ answer under Account Management, to the question "What happens if my account goes into negative balance?"

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 19

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.

05

The Client Protection page promises losses cannot exceed your balance on any account type, and no clause in the binding contract says so.

Said in public, in English

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, under the heading "Negative Balance Protection"

In the contract · clause 19

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.

06

The site advertises segregated bank accounts while clause 2 lists safekeeping of client assets among the services AssexMarkets does not provide.

Said in public, in English

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, under the heading "Segregated Accounts"

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In the contract · clause 2

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

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

07

The FAQ states client funds are separated from company money, and the contract contains no segregation clause at all.

Said in public, in English

Yes, all client funds are held in segregated accounts with top-tier banks, separate from company operational funds.

FAQ answer under Security and Regulation, to the question "Are my funds safe with AssexMarkets?"

In the contract · clause 2

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

08

The FAQ commits to 24 hours, and the contract commits to nothing beyond a figure AssexMarkets publishes and can change.

Said in public, in English

We process all withdrawal requests within 24 hours.

FAQ answer under Deposits and Withdrawals, to the question "How long do withdrawals take to process?"

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 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.

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

09

The page promises access at any time, and clause 4.3 lets AssexMarkets stop any withdrawal to ask for more documents.

Said in public, in English

Access your funds any day, any time with our instant withdrawal feature.

Deposits and Withdrawals page, under the heading "Your money is yours"

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In the contract · clause 4.3

AssexMarkets reserves the right to request additional verification before processing any withdrawal.

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

10

A $50 floor and a forced account closure below it appear on the FAQ, and clause 4.3, the only withdrawal clause, mentions neither.

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.

FAQ answer under Deposits and Withdrawals, to the question "Is there a minimum withdrawal amount?"

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 4.3

Withdrawals will be processed to the same payment method used for the original deposit where possible.

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

11

The FAQ leaves the regulator's name and the licence number as unfilled placeholders, while the contract footer names a St Lucia company registration.

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.

FAQ answer under Security and Regulation, to the question "Is AssexMarkets regulated?"

In the contract · clause St. Lucia Registration

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.

12

The fund that would pay you if AssexMarkets failed is published as a blank placeholder, and no compensation scheme is named in either legal document.

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.

FAQ answer under Security and Regulation, to the question "Is compensation available if AssexMarkets becomes insolvent?"

In the contract · clause St. Lucia Registration

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.

13

The page claims regulation by leading international bodies, and the documents name one St Lucia registration and one Comoros licence.

Said in public, in English

If you’ve been wondering, ‘Is Assexmarkets legit?’, you can be rest assured that we are a licensed broker, regulated by leading international governing bodies globally.

Client Protection page, under the heading "Regulations"

In the contract · clause St. Lucia Registration

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.

14

The fees page says AssexMarkets covers every third-party charge, and clause 4.1 binds you to the payment processor's own terms instead.

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.

Fees page, under the heading "Zero Fees"

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 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.

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

15

The same page that says to forget about withdrawal fees admits processing fees lower down, and the contract names no figure for either.

Said in public, in English

Most deposits are free of charge, but some withdrawal methods may include minimal processing fees depending on your payment provider.

Deposits and Withdrawals FAQ, to the question "Are there any fees for deposits or withdrawals?", on the same page as the "Forget about withdrawal fees" heading

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.

16

Full fee transparency is claimed on the website, while the contract carries no fee schedule and lets undefined fees come off your closing balance.

Said in public, in English

No. All our fees, including spreads, commissions, and swaps, are transparently displayed on our platform. We believe in full transparency.

Fees page FAQ, to the question "Are there any hidden fees?"

In the contract · clause 13

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.

17

AssexMarkets sells a managed account product while clause 2 lists portfolio management of any kind among the services it does not provide.

Said in public, in English

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

PAMM page, Why Open a PAAM Account section, under the heading "Expert Management"

In the contract · clause 2

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

18

The home page promises no rejections and no delays, and clause 5.3 rules out liability for exactly those failures.

Said in public, in English

Deep prime liquidity and solid infrastructure fill your orders in a snap — no re-quotes, no rejections, no delays.

Home page, under the heading "Lightning Fast Execution"

In the contract · clause 5.3

Platform downtime, technical failures, connectivity issues, or data feed interruptions.

What changed quietly

This is our first reading of AssexMarkets, so there is no earlier version of this page to compare it with.

  • ADDEDClause Comoros Registration & Regulatory License · 2026-03-13 to 2026-09-11

    A second offshore registration and a Comoros licence were added to the foot of the contract after March 2026.

    AssexMarkets Global LTD, registered at Bonovo Road, Fomboni, Island of Mohéli, Union of the Comoros, is incorporated under Registration No. HT00925090. The company is licensed by the Mwali International Services Authority (MISA) as an International Brokerage and Clearing Company under License No. BFX2025110.

  • ADDEDClause · 2026-03-13 to 2026-09-11

    A new line separates the entities, putting the platform you trade on with Saint Lucia rather than with the Comoros licence above it.

    Disclaimer: AssexMarkets Global LTD provides its MetaTrader 5 (MT5) trading services exclusively through its Saint Lucia entity.

The documents this reading is based on

2 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 .

Documents
2 of 2downloaded from the broker's site, and 2 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
4public pages set against what the contract says
Position measured
21clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

AssexMarkets Global Limited

The contract names AssexMarkets Global Limited as the company you contract with. The footer of the same document names two different registrations for it: a St Lucia company registration numbered 2024-00223, and a Comoros company incorporated as HT00925090 and licensed by the Mwali International Services Authority under BFX2025110. The footer then adds that MetaTrader 5 services come only through the Saint Lucia entity, so the Comoros licence does not sit behind the platform you trade on. Clause 15 puts the whole agreement under the law of South Africa, which is neither of those places. The Terms name no regulator anywhere in their twenty numbered sections.

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

Both documents sit on the open website as ordinary web pages. There is no login, no PDF and no download, and you can read the whole contract on a phone. The Terms carry no dormancy or inactivity clause, so an account left alone is charged nothing for sitting still. Clause 6.1 limits forfeiture to profits from the automated trading itself and does not reach your deposit. Clause 13 makes AssexMarkets reasonably believe a ground before closing your account, rather than acting at will. Clause 14 does not treat your silence as agreement, so missing the complaint window does not end your claim, and the contract contains no class action waiver.

AssexMarkets publishes two legal documents: the Terms and Conditions and the Privacy Policy. We read both in full on the broker's own pages. Clause 19 makes a Risk Disclosure Statement part of your agreement. That document is not published anywhere on the site, and we could not read it. No terms are published for copy trading, PAMM, the trading contest, the tournament or any bonus. What governs those products is unknown to us. One earlier copy of the Terms survives, from March 2026, and we read it. No earlier copy of the Privacy Policy exists to compare against. Every marketing claim quoted here comes from a page we opened on 11 September 2026, and a marketing page can be rewritten in an afternoon. The site is published in English only, so there was no second language to hold the contract against.

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 Sep 11, 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.

Back to the Assexmarkets profile