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Contract reading

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

Every clause below is published by BigMarkets 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: Тоmоrrоw Technologies Ltd

sole discretionhidden feebonus lockprofit voidingwithdrawalsforum waiverkyc freezemarketing gapunilateral amendmentabusive trading

Bigmarkets charges 150 EUR a month after one month without a trade, rising to 1,000 EUR. An 80 EUR fee hits you for withdrawing when you have not traded. Closing a position inside five minutes counts as abusive trading, and the profit can be cancelled. The site promises funds held safely in trust accounts, while the contract says you hold an unsecured claim.

Back to BigMarkets

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.
20
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
12
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

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

Critical8
Warning9
Notice3

section 33 of 35is where the deepest clause sits, 94% 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.

4 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.

Critical$150Fee on an unused account. Jump to the clause this comes from.Inactivity fees start at 150 EUR after one quiet monthCritical$80Withdrawal limit. Jump to the clause this comes from.An 80 EUR fee for withdrawing when you have not tradedCritical5Profit at risk. Jump to the clause this comes from.Closing a trade within five minutes counts as abusive tradingCritical20000Bonus requirement. Jump to the clause this comes from.Bonus profits called withdrawable, then locked behind huge volume

What the documents say

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

01

Stop trading for one month and Bigmarkets can charge you 150 EUR a month. The charge climbs to 200 EUR, then 625 EUR, then 1,000 EUR a month once the account is called dormant. Waking it up again costs 2,000 EUR.

In plain words

Dormancy means an account left unused.

Why this matters

The smallest account Bigmarkets opens takes a $250 deposit. One quiet month can cost you more than half of it, and six quiet months can take the whole balance.

Exhibit 1CriticalRarely seen$150

If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least one (1) month or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account.
Clause 2 in Bigmarkets - General Fees, p.1
Read from the broker's site on Open the reference

Buried at section 16 of 24 in the Bigmarkets - General Fees, 67% of the way through.

What it costsA $1,000 balance left alone for six months is charged 150 EUR for one month and 200 EUR for four more. That is 950 EUR gone.

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

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before that client trades, and must not let a charging structure cause foreseeable harm. This schedule is published, but it sits in a separate fee document away from the deposit pages.

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

Our readingDormancy fees are normal. A fee that starts after one month, escalates four times, reaches 1,000 EUR a month and adds a 2,000 EUR charge to reopen the account is not. The amounts are larger than the minimum deposit Bigmarkets accepts, so the schedule can consume a retail balance in two months.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
0 to 1 monthNothing is charged.2
1 to 2 monthsBigmarkets charges 150 EUR a month, or the same amount in your account currency.2
2 to 6 monthsThe monthly charge rises to 200 EUR.2
6 to 12 monthsThe monthly charge rises to 625 EUR.2
Over 12 monthsThe account becomes dormant and is charged 1,000 EUR a month. Reopening it costs 2,000 EUR.2
4 yearsBigmarkets can close the account. It says the money stays owed to you and is returned on request.24.2
  • Worse together with Exhibit 13Clause 19.7 tells you the trading Difference is the only payment required, while this table charges you for doing nothing.
  • Worse together with Exhibit 7Going quiet also lets Bigmarkets strip your bonus and every profit connected to it.
02

Ask for your money back after depositing but barely trading, and Bigmarkets can charge you 80 EUR. The same fee applies if your identity documents are not in order, and again for any other reason the company decides is necessary.

Why this matters

This fee is aimed at the exact person trying to leave early. Deposit the $250 minimum, decide trading is not for you, and 80 EUR of it does not come back.

Exhibit 2CriticalRarely seen$80

Notwithstanding the aforesaid table, in the following circumstances the Company reserves the right to charge a withdrawal fee at an amount equal to 80 EUR (or the equivalent amount according to the denominated currency of the Client’s Trading Account):
Clause 1 in Bigmarkets - General Fees, p.1
Read from the broker's site on Open the reference

Where it sits: section 11 of 24 in the Bigmarkets - General Fees, 46% of the way through.

What it costsA client who deposits the $250 minimum, places one position and then withdraws can be charged 80 EUR. Roughly a third of the deposit is gone.

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

Firms licensed by the FCA or CySEC must set out all costs and charges to a retail client before that client trades, and a charge cannot rest on open-ended discretion. This clause ends with a catch-all covering any reason Bigmarkets considers necessary.

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

Our readingWithdrawal fees by payment method are ordinary. A penalty charged because you did not trade enough before withdrawing is not, and the third trigger, any other reason the company deems necessary, means the list of triggers is not really a list.

  • Worse together with Exhibit 9The same withdrawal needs full verification, and you get one week to answer any document request before the request is cancelled.
03

The Bigmarkets About Us page tells you your money sits safely in separate trust accounts with investment-grade banks. Clause 21.4 says your money can be pooled with other clients' money, and that if the bank fails you hold nothing better than an unsecured claim.

Why this matters

If the bank holding that pooled account fails, you queue behind secured creditors for whatever is left. Clause 21.2 also says Bigmarkets accepts no liability for the loss.

Exhibit 3CriticalHarder than usual

The financial institution to which the Company will pass Client money (as per paragraph 21.1) may hold it in an omnibus account. Hence, in the event of the insolvency or any other analogous proceedings in relation to that financial institution, the Company may only have an unsecured claim against the financial institution on behalf of the Client, and the Client will be exposed to the risk that the money received by the Company from the financial institution is insufficient to satisfy the claims of the Client.
Clause 21.4 in Tomorrow-Technologies-Ltd-Client-Agreement, p.28
Downloaded from the broker's site on Open the reference
Our own capture of bigmarkets.com, taken on Sep 25, 2026The claim, on About Us page, fund safety sectionVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must hold retail client money separately from their own and state plainly what protection that does and does not give. Bigmarkets states the pooling and the unsecured claim in the contract, and gives the opposite impression on its About Us page.

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

04

Clause 18.3 says Bigmarkets guarantees negative balance protection on a non-discretionary basis, so your losses can never pass your balance. The same clause then lets Bigmarkets decide alone that you abused that protection by hedging, and treat it as a force majeure event.

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.

Why this matters

Once Bigmarkets calls it force majeure, clause 17.2 lets it close every position at prices it picks and change your margin. Clause 18.4 tells you to hedge when a margin call comes, which is the same act clause 18.3 treats as abuse.

Exhibit 4CriticalRarely seen

The Company guarantees on a non-discretionary basis “Negative Balance Protection” for the Client. This means that the Company ensures that losses/costs of the Client will never exceed the total balance held in the Client’s Trading Account.
Clause 18.3 in Tomorrow-Technologies-Ltd-Client-Agreement, p.23
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ESMA (EU)

Firms under FCA and ESMA rules must give retail CFD clients negative balance protection that cannot be switched off account by account. Bigmarkets calls its protection non-discretionary and then reserves a discretion to find that a client abused it.

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

Our readingOne document gives two contradictory instructions. Clause 18.4 offers hedging as one of three correct responses to a margin call. Clause 18.3 names hedging as the example of abusing negative balance protection. A client who follows 18.4 supplies the evidence for 18.3.

  • Worse together with Exhibit 10Bigmarkets owes you no margin call, and its stop out sits anywhere from 20% to 100%, so positions may close before you can respond.
05

Bigmarkets defines scalping as opening a position and closing it inside five minutes. Scalping is listed as abusive trading, abusive trading is an event of default, and clause 27.2 then lets Bigmarkets cancel the profits you made and every trade you placed.

Why this matters

Ordinary day trading and any reaction to a news release can close inside five minutes. Bigmarkets only has to reasonably suspect it, and your profit can go.

Exhibit 5CriticalRarely seen5

“Scalping” shall mean the situation where a Client opens a position in CFDs and closes it within a five minute period or buying at Bid price and selling at Ask price, so as to gain the Bid/Ask difference.
Clause 1.1 in Tomorrow-Technologies-Ltd-Client-Agreement, p.5
Downloaded from the broker's site on Open the reference

Our readingMany agreements restrict scalping without defining it, or tie it to latency abuse and price feed manipulation. A flat five minute rule catches normal short-term trading that has nothing to do with abusing a price feed, and clause 28.1 makes you warrant you will not do it every time you open a trade.

  • Worse together with Exhibit 8Bigmarkets records are conclusive evidence of your trades, so its own timestamps decide whether you scalped.
06

Section D.7 of the Bonus Terms says any profit made with the bonus is withdrawable. Section G.1 then requires trading volume of the bonus multiplied by 20,000 before it unlocks. Bigmarkets prints its own example: a $5,000 bonus needs $100,000,000 of volume.

Why this matters

Taking a bonus of a few thousand dollars sets you a volume target most retail traders will never reach. Until you reach it, the profit stays where it is.

Exhibit 6CriticalRarely seen20000

Any profits generated from the utilization of the Bonus Scheme is withdrawable.
Clause D.7 in Tomorrow-Technologies-Ltd-Bonus-Terms, p.2
Read from the broker's site on Open the reference

Buried at section 33 of 35 in the Tomorrow-Technologies-Ltd-Bonus-Terms, 94% of the way through.

What it costsBigmarkets uses a $5,000 bonus in its own example and puts the volume needed at $100,000,000. Take a second $4,000 bonus and the target rises to $180,000,000.

Our readingTurnover conditions on a bonus are standard, and are usually a multiple of the bonus in lots or in the low thousands of times its value. A requirement of 20,000 times the bonus in notional volume, with a second 10,000 times test at 90 days, is an order of magnitude beyond that.

  • Worse together with Exhibit 7Miss the 90 day volume test and the bonus goes, and a suspicion of abuse can take the profits with it.
  • Only applies after Exhibit 14The size of the bonus, and so the size of the volume target, is now entirely Bigmarkets to decide.

Three separate routes let Bigmarkets cancel what you have made

Bigmarkets defines scalping as closing a position within five minutes, calls that abusive trading, and lets itself cancel the profits and every trade on suspicion alone. Its Bonus Terms reach further, annulling all profits on the account rather than only bonus profit. Its guarantee of negative balance protection is described as non-discretionary and then made revocable if Bigmarkets decides you hedged.

Voiding profit1 clause flagged

Section F of the Bonus Terms lets Bigmarkets act on any indication or suspicion, in its own sole discretion, of arbitrage or abuse. It can then close your account, cancel all orders and annul all of your profits, not only the profits made with the bonus.

Why this matters

There is no test to meet and no appeal written down. The words reach any and all transactions on the account, so profits you made with your own money are inside the same sentence.

Exhibit 7CriticalHarder than usual

will nullify all previously credited trading bonuses of the Eligible Client’s real Trading Account with the Company and/or any and all transactions carried and/or profits or losses garnered therein.
Clause F in Tomorrow-Technologies-Ltd-Bonus-Terms, p.3
Read from the broker's site on Open the reference

Buried at section 27 of 35 in the Tomorrow-Technologies-Ltd-Bonus-Terms, 77% of the way through.

  • Same clause as Exhibit 6The same section that sets the volume target also carries the power to cancel what the target was supposed to unlock.

The contract caps what Bigmarkets owes you and uncaps what you owe it

Clause 31.2 limits Bigmarkets liability to your deposits less withdrawals, while clause 31.3 makes you liable to Bigmarkets for its lost revenue, lost profits and indirect losses. Its own records are conclusive evidence of your trades. Complaints are accepted only through one web form, answers can take three months, and no independent scheme is named anywhere in the documents.

Challenging the firm2 clauses flagged

Clause 31.2 caps what Bigmarkets can ever owe you at your deposits less your withdrawals. Clause 31.3 then says you will be liable to Bigmarkets for its lost revenue, lost profits, lost savings and its indirect and punitive losses.

In plain words

Indemnities are money it says you owe it.

Why this matters

Read as written, your exposure to Bigmarkets has no ceiling while its exposure to you cannot pass the money you put in. Clause 29 adds an indemnity for its legal fees on top.

Exhibit 8CriticalRarely seen

Subject to paragraphs 31.2 and of this Client Agreement, you will be liable to us for: any loss (whether direct or indirect) of revenue or profits; any loss (whether direct or indirect) of anticipated savings;
Clause 31.3 in Tomorrow-Technologies-Ltd-Client-Agreement, p.36
Downloaded from the broker's site on Open the reference

Our readingStandard drafting puts this exclusion the other way round, so that the firm is not liable to the client for indirect loss. Here the sentence names the client as the liable party for the firm's consequential losses. The clause reads as though a word is missing, but a contract is enforced on the words that are in it.

Bigmarkets accepts complaints only through a form on its website, and says it may refuse complaints sent by email or telephone. It has two months to answer, and can take a third. Nothing in its documents names an ombudsman or any outside body.

Why this matters

If the form fails, you have no recorded way to complain. If the answer disappoints you, the only route left is a court in Mwali.

Exhibit 15WarningHarder than usual

Please note that the Company may not accept complaints submitted to it by any other mean/method (i.e. e-mail, telephone, etc.).
Clause 1 in Tomorrow Technologies Ltd - COMPLAINTS PROCEDURE FOR CLIENTS, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must accept complaints in any reasonable form and must tell a retail client about a free independent scheme that can decide the dispute. Bigmarkets restricts the channel and names no such scheme.

BigMarkets 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
SubmissionYou must use the online complaint form. Email and telephone may be refused.1
5 business daysBigmarkets acknowledges that it received your complaint.2
2 monthsBigmarkets aims to give you the outcome of its investigation.3
3 monthsYour complaint is treated as closed if you have not replied to its officers.3

Bigmarkets calls your money safe in trust and unsecured in its contract

The Bigmarkets About Us page says client funds are safely kept in separate trust accounts with investment-grade banks. Clause 21.4 says the money may sit in a pooled omnibus account and that a bank failure leaves you with an unsecured claim. The site runs in fifteen languages while the Client Agreement says nothing published in another language binds the company.

Promise against contract1 clause flagged

Bigmarkets runs its site in fifteen languages, including Arabic, and its Arabic legal page lists the contracts under Arabic names. The Client Agreement says anything it publishes in another language does not bind Bigmarkets or carry any legal effect.

Why this matters

Whatever you read in your own language, you are held to the English contract. Bigmarkets also takes no responsibility for the translation being correct.

Exhibit 16WarningHarder than usual

Translation or information provided in languages other than English is for informational purposes only and do not bind the Company or have any legal effect whatsoever, the Company having no responsibility or liability regarding the correctness of the information therein
Clause 34.7 in Tomorrow-Technologies-Ltd-Client-Agreement, p.39
Downloaded from the broker's site on Open the reference

The only payment required, alongside four charges the contract also allows

Clause 19.7 tells you the trading Difference is the only payment required for the service, two clauses above a monthly maintenance fee whose amount appears nowhere in the contract. Bigmarkets also reserves the right to charge your card in any currency without notifying you or asking first, while its fee schedule states there are no deposit fees.

Cost disclosure2 clauses flagged

Bigmarkets tells card users it can charge them in euro or any other currency, and reserves the right to do so without telling you and without asking first. The fee schedule on the same site says there are no deposit fees.

Why this matters

A conversion you did not agree to carries a rate you never see. It is a cost on your deposit, and no document on the site puts a number on it.

Exhibit 12WarningHarder than usual

يرجى ملاحظة أنه يمكن تحصيل رسوم معاملات بطاقات الائتمان إما باليورو أو أي عملة أخرى ، اعتمادا على مزود خدمة الدفع المتاح الذي يجب أن تستخدمه الشركة ، وتحتفظ الشركة بالحق في المضي قدما في تحصيل الرسوم منك بأي عملة دون إخطارك و / أو الحصول على موافقتك المسبقة.
Quoted in المسرد
Read from the broker's site on Open the reference
Our own capture of bigmarkets.com, taken on Sep 25, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Buried at section 130 of 140 in the المسرد, 93% of the way through.

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

Firms licensed by the FCA or CySEC must show a retail client the cost of a currency conversion before the payment is taken. Bigmarkets reserves the right to choose the currency after the fact and without notice.

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

Clause 19.7 tells you the trading Difference is the only payment required from you. Clause 19.11 then allows a monthly maintenance fee, clause 20.11 allows withdrawal fees, and clause 24.1 allows inactivity fees of up to 1,000 EUR a month.

Why this matters

The sentence that sounds like a promise sits two clauses above a maintenance fee whose amount is not in the contract at all. You are sent to the website to find it.

Exhibit 13WarningHarder than usual

It is hereby clarified that subject to the terms of this Agreement and the provisions of paragraph 23.1, the Difference is the only payment required by you for the Services. Notwithstanding the above, we reserve the right to charge additional fees or charges in the future, upon one month’s prior notice.
Clause 19.7 in Tomorrow-Technologies-Ltd-Client-Agreement, p.25
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 1The inactivity table is the largest of the charges that this clause says are not required.

Getting your money out costs most when you have traded least

Bigmarkets can charge 80 EUR to a client who withdraws after little or no trading, and the clause ends with a catch-all covering any other reason it deems necessary. Card withdrawals carry 3.5%. While a position is open, only 80% of your balance can leave, and a document request you do not answer within one week cancels the request outright.

Exit conditions1 clause flagged

With any position open, clause 20.7 caps your withdrawal at 80% of your balance. Bigmarkets picks the payout method, can refuse the one you ask for, and cancels the request if you take longer than one week to answer a document request.

Why this matters

Your own money is fenced off while you hold a trade. Miss the one week window on a document request and the withdrawal is cancelled, not paused.

Exhibit 9WarningHarder than usual80%

The amount specified in the withdrawal instruction (including all payment charges) does not exceed 80% of the Client’s Balance (minus any credit amount provided by us to the Client’s Trading Account or Bonus not eligible for withdrawal where applicable), in case the Client maintains Open Positions.
Clause 20.7 in Tomorrow-Technologies-Ltd-Client-Agreement, p.27
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 2Failing the document request also triggers the 80 EUR penalty fee in the General Fees schedule.

A bonus that needs 20,000 times its value in trading volume

Bigmarkets requires volume of the bonus multiplied by 20,000 before bonus profit unlocks, and its own worked example puts a $5,000 bonus behind $100,000,000 of trading. A second test at 90 days cancels the bonus at 10,000 times its value. The January 2026 terms also deleted the old $5,000 cap, so the size of the bonus, and the target, is now Bigmarkets to set.

Bonus lock1 clause flagged

The March 2025 Bonus Terms promised up to 100% of your deposit or up to $5,000, whichever was lower. The current version deletes both numbers. The bonus is now whatever Bigmarkets decides, whenever it decides.

Why this matters

The bonus size sets your volume target, because the target is the bonus multiplied by 20,000. With the cap gone, you cannot work out that target before you accept.

Exhibit 14WarningHarder than usualNew

The amount and timing of the bonus granted, if any, shall be determined solely at the discretion of the Company and may vary depending on the deposit amount and other factors as determined by the Company.
Clause C.2.a in Tomorrow-Technologies-Ltd-Bonus-Terms, p.1
Read from the broker's site on Open the reference

Where it sits: section 13 of 35 in the Tomorrow-Technologies-Ltd-Bonus-Terms, 37% of the way through.

  • Worse together with Exhibit 6An uncapped bonus multiplied by 20,000 is an uncapped volume requirement.

The stop out is a range and the contract can change in five days

The Bigmarkets Margin Information document puts the stop out anywhere between 20% and 100% of your margin level, closing positions with no notice, and says the company owes no margin call at all. Any term of the contract can change on five business days notice posted to the website, which counts as delivered to you one hour later, and saying nothing counts as agreeing.

Terms that move2 clauses flagged

The Margin Information document puts the Bigmarkets stop out anywhere between 20% and 100% of your margin level, and says positions close automatically with no notice. At the 100% end, your trades close the moment your equity only just covers your margin.

Why this matters

You cannot work out from this document when your positions will be closed. Bigmarkets also says it owes you no margin call at all, so the first sign may be the closure.

Exhibit 10WarningRarely seen100%

Stop Out level is between 20% – 100% of the Margin Level. When the Stop Out level is reached, the system will start closing your positions automatically, without prior notice.
Quoted in Bigmarkets - Margin Information, p.1
Downloaded from the broker's site on Open the reference

Our readingBrokers normally publish one stop out level so a client can calculate the distance to it. A published range of 20% to 100% covers a five-fold spread of outcomes and leaves the operative number undisclosed.

Bigmarkets can change any term of the contract after five business days notice. Posting the change on its own website counts as notice, and that notice is treated as reaching you one hour after it goes up. Saying nothing counts as accepting it.

Why this matters

To keep track of what you have agreed to, you have to check the Bigmarkets website yourself. Your only alternative to a change you dislike is closing the account.

Exhibit 11WarningHarder than usual

The Client shall be treated as accepting the change on that date unless, before then, the Client informs the Company that the Client wishes to terminate the Agreement and not accept the change.
Clause 25.5 in Tomorrow-Technologies-Ltd-Client-Agreement, p.31
Downloaded from the broker's site on Open the reference

An impropriety in your details is enough to freeze the funds

Clause 5.4 lets Bigmarkets freeze an account over illegal activity, an impropriety in the registration data or a failed due diligence check, and says it may then be unable to release funds. No deadline bounds the review and no clause gives you a way to challenge it. The AML policy adds that further documents can be demanded at any point in the relationship.

Freeze powers1 clause flagged

Clause 5.4 lets Bigmarkets freeze your account over illegal activity, an impropriety in your registration details or a failed due diligence check. It then says it may not be able to release your funds or follow your instructions.

Why this matters

An impropriety can be as small as an out of date address. No clause sets a deadline for the review or a way to challenge the freeze.

Exhibit 17WarningHarder than usual

In the event we become aware of any illegal activity, impropriety in the Registration Data or failure of any due diligence requirement, we may freeze your account. Should such an event occur we may not be in a position to release funds and may not be able to carry out subsequent instructions from you.
Clause 5.4 in Tomorrow-Technologies-Ltd-Client-Agreement, p.13
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 9Verification also has to be complete before any withdrawal is paid, so a review and an exit can collide.

A Caribbean company that answers in an Indian Ocean court

Тоmоrrоw Technologies Ltd is registered in Saint Lucia, but the Bigmarkets Terms of Use and Bonus Terms are governed by the laws of Mwali, an island of the Comoros, and the Trading Alerts terms send disputes to a Mwali court. The Client Agreement also gives two different registered addresses, and the contact number for this Saint Lucia company carries the Ukrainian country code.

Where you would sue1 clause flagged

Bigmarkets is registered in Saint Lucia, but its Terms of Use and Bonus Terms are governed by the laws of Mwali, and its Trading Alerts terms send every dispute to a court in Mwali. Mwali is an island of the Comoros, in the Indian Ocean.

Why this matters

To sue Bigmarkets you would travel to the Comoros to litigate against a Caribbean company. The cost of that will exceed most retail balances.

Exhibit 19NoticeHarder than usual

All disputes and controversies arising out of or in connection with these Terms and Conditions shall be finally settled in court in Mwali. These Terms and Conditions are governed by the Laws of Mwali.
Quoted in Bigmarkets - Trading Alerts, p.3
Read from the broker's site on Open the reference

Bigmarkets takes the opposite side and quotes the price itself

Clause 15.1 says Bigmarkets executes your CFD orders as principal against you, so it profits when you lose. Clause 15.7 says its platform is independent of the real market and it is under no obligation to quote any particular price. No conflict of interest policy and no execution policy are published on its legal page.

Both sides of the trade1 clause flagged

Clause 15.1 says Bigmarkets executes your CFD orders as principal against you, so it takes the opposite side. Clause 15.7 says its platform is independent of the real market and it has no duty to quote any particular price.

Why this matters

Your loss is the company's gain, and the prices deciding that are its own. No conflict of interest policy is published anywhere on its legal page.

Exhibit 18NoticeStandard wording

It is understood that the Company executes the Client Orders in CFDs as principal to principal against the Client.
Clause 15.1 in Tomorrow-Technologies-Ltd-Client-Agreement, p.17
Downloaded from the broker's site on Open the reference

The policy that prices your orders is referenced but missing

The Bigmarkets Risk Disclosure points to a company Execution Policy that does not exist on its legal page. Clause 7.1 says Bigmarkets has no duty to classify clients, and clause 6 says it will not assess whether CFDs suit you. No document names a compensation scheme, so nothing is stated to pay you if the company fails.

What is not published1 clause flagged

The Risk Disclosure points you to the Bigmarkets Execution Policy four times. No such document exists on the legal page. Clause 7.1 also says Bigmarkets has no duty to sort clients into categories, and no document names a compensation scheme.

Why this matters

The rules said to govern how your orders are priced and filled are not published, so you cannot read them before you deposit. If the company fails, no scheme is named to pay you back.

Exhibit 20NoticeHarder than usual

It is noted that the Company’s prices in relation to CFDs trading are set/quoted in accordance to the Company’s Execution Policy.
Clause 2.9 in Bigmarkets - Risk-Disclosure, p.2
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

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

01

The marketing calls the money safely held in trust, and the contract calls it an unsecured claim in a pooled account.

Said in public, in English

Client's funds are safely kept in separate trust accounts with investment-grade banks.

About Us page, fund safety section

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

In the contract · clause 21.4

the Company may only have an unsecured claim against the financial institution on behalf of the Client, and the Client will be exposed to the risk that the money received by the Company from the financial institution is insufficient to satisfy the claims of the Client.

02

The account page offers a free withdrawal on the entry tier, while the fee schedule charges 80 EUR to the client who withdraws without trading.

Said in public, in English

1 Free Withdrawal

Account Types page, Basic account column

In the contract · clause 1

Notwithstanding the aforesaid table, in the following circumstances the Company reserves the right to charge a withdrawal fee at an amount equal to 80 EUR (or the equivalent amount according to the denominated currency of the Client’s Trading Account):

03

The fee schedule promises no deposit fees, while the Arabic pages reserve the right to convert your card payment into another currency without asking.

Said in public, in English

There are no deposit fees charged to the client.

General Fees schedule, section 6

In the contract

يرجى ملاحظة أنه يمكن تحصيل رسوم معاملات بطاقات الائتمان إما باليورو أو أي عملة أخرى ، اعتمادا على مزود خدمة الدفع المتاح الذي يجب أن تستخدمه الشركة ، وتحتفظ الشركة بالحق في المضي قدما في تحصيل الرسوم منك بأي عملة دون إخطارك و / أو الحصول على موافقتك المسبقة.

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

04

One page of the Bonus Terms calls the profit withdrawable and a later page makes it conditional on volume of 20,000 times the bonus.

Said in public, in English

Any profits generated from the utilization of the Bonus Scheme is withdrawable.

Bonus Terms, section D.7, General Terms

In the contract · clause G.1

Eligible Clients will be able to wager the bonus by meeting the open volume requirement (one side/open leg) on any Asset of more than Bonus USD * 20,000.

What changed quietly

This is our first reading of Bigmarkets, so there is nothing yet to compare it against.

  • REWRITTENClause C.2.a

    A bonus that was capped and calculable became a bonus Bigmarkets sizes at its own discretion, and the volume target moves with it.

    The amount and timing of the bonus granted, if any, shall be determined solely at the discretion of the Company and may vary depending on the deposit amount and other factors as determined by the Company.

The documents this reading is based on

12 files, all published by BigMarkets. 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 BigMarkets publishes.

How this reading was done

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

This reading was published on .

Documents
10 of 12downloaded from the broker's site, and 10 read in full
Pages opened
57pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
11public pages set against what the contract says
Languages
AR vs ENthe language it advertises in, against the language it contracts in
Position measured
6clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Тоmоrrоw Technologies Ltd

You contract with Тоmоrrоw Technologies Ltd, registered in Saint Lucia under number 2023-00016, trading as Bigmarkets. The documents claim a licence from the Mwali International Services Authority, numbered T2023167. Mwali is an autonomous island of the Comoros and is not a Saint Lucia regulator. The Client Agreement gives two different registered addresses: the Sotheby Building in its opening section, and the Place Creole Building in its contact details and across the other documents. The contact number published for this Saint Lucia company begins +380, the country code for Ukraine.

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

The fee schedule names real numbers instead of saying that fees may apply. Deposit fees and commissions are genuinely stated as nil. Clause 20.7 commits Bigmarkets to processing a withdrawal the same day it is requested, which is faster than most offshore brokers promise. The complaints procedure sets no deadline for you to complain, so there is no short window to miss, and it promises an acknowledgement within five business days. Clause 15.11 states negative balance protection, which many offshore contracts leave out entirely.

The Client Agreement runs to 48 pages and we read all but the last few. Clause 39 onwards and the two appendices are not covered in this review, and the agreement's own governing law clause sits in that part. We read three of the four pages of the Margin Information document. Only the Bonus Terms have an earlier copy to compare against, so the other documents have no history behind them. The sign-up form is not covered in this review, so we cannot say which countries Bigmarkets accepts in practice.

How to check any of this yourself

Every quote above links to the BigMarkets 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 BigMarkets 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 BigMarkets 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 25, 2026.

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

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