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Contract reading

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

Every clause below is published by Connext 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: Connext LLC

sole discretionhidden feedeemed acceptancekyc freezewithdrawalsbonus lockforum waiverleverageprofit voidingunilateral amendment

Connext LLC can decide on its own that your trading was abusive, recalculate your account, and keep your deposit. Its own rules count a trade held under five minutes as abusive. You get 15 days to complain before silence counts as agreement. The website advertises 1:2000 leverage and 24 hour withdrawals; the contract says 1:1000 and three business days.

Back to Connext

Contract risk

Money at risk
8.2/10

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.
4
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
18
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
8
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 18 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.

Critical4
Warning11
Notice3

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

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

Critical3 working daysWithdrawal limit. Jump to the clause this comes from.Withdrawals take three business days, if approvedCritical15 daysTime to complain. Jump to the clause this comes from.Complaints after 15 days are treated as acceptedCritical14In the contract. Jump to the clause this comes from.Country ban list is wider than the website says10%Fee you were not shown. Jump to the clause this comes from.A 10% withdrawal fee for disputed bonus activity

What the documents say

18 clauses worth knowing about, worst first, each quoted from Connext's own files

01

Connext LLC can decide alone that your trading was abusive, then recalculate your account and refuse every withdrawal. The contract says it does not have to give back any part of your initial deposit.

Why this matters

Money you deposited yourself can be kept, not only profit. Connext decides what counts as abusive, and the contract calls that decision final and binding.

Exhibit 1CriticalRarely seen

Where the Company determines, in its sole discretion and acting in good faith, that a Client has engaged in Abusive Trading, Prohibited Trading Strategies, or any activity intended to unfairly exploit pricing, execution, latency, system behaviour, liquidity conditions, or market mechanics, the Company may take one or more of the following actions without prior notice:
Clause Recoupment of Profits and Account Recalculation Following Abusive Trading in Terms of Service and Conditions, p.41
Read from the broker's site on Open the reference
Our own capture of cms.connextfx.com, taken on Aug 26, 2026Deposit not protected once Connext calls trading abusive (clause Recoupment of Profits and Account Recalculation Following Abusive Trading)Visit this page on the broker's siteDownload the full size image file

What it costsA $1,000 deposit that grew to $3,000 can be reduced to nothing. The clause removes the $2,000 profit and the $1,000 you paid in.

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

Firms licensed by the FCA or CySEC must hold retail client money so it can be returned. They must also offer access to an independent complaints body. This contract lets Connext keep your deposit on its own finding.

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

Our readingMost retail agreements that void abusive profit stop at the profit. This one lets Connext keep the deposit too. It also says the clause overrides every other withdrawal right in the contract.

  • Worse together with Exhibit 7The definitions decide who is caught, and this clause decides what happens to them.
  • Worse together with Exhibit 3You have 15 days to challenge a finding the contract already calls final.
02

Connext LLC gives itself three business days to pay a withdrawal, and only once four conditions are met. It can also reject a request it believes is invalid.

Why this matters

Your money can sit for three business days at best. Connext can also hold the payment while it reviews your trading, and no clause caps how long that takes.

Exhibit 2CriticalHarder than usual3 working days

If the following conditions are satisfied, the Company will process the Client's request to withdraw money from the Client Account within three (3) Business Days of receiving it:
Clause Deposits and Withdrawals in Terms of Service and Conditions, p.19
Read from the broker's site on Open the reference
Our own capture of global.connextfx.com, taken on Aug 26, 2026The claim, on Funding Methods page, frequently asked questions, EnglishThis 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 cms.connextfx.com, taken on Aug 26, 2026What the contract says, clause Deposits and WithdrawalsVisit 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 return retail client money promptly on request. This contract makes payment conditional and lets Connext refuse a request it judges invalid.

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

  • Only applies after Exhibit 1The withdrawal clause hands the request straight to the recoupment clause once abuse is alleged.
03

You have 15 days to complain about something Connext LLC did. Miss it and the contract treats your silence as agreement to what happened.

Why this matters

The same clause states the window twice and the two statements do not match, so the deadline you are held to is unclear. A problem you spot later cannot be raised at all.

Exhibit 3CriticalHarder than usual15 days

The client has the right to submit a complaint within two weeks of the event they believe was misjudged by the Company.
Clause 18 in Terms of Service and Conditions, p.42
Read from the broker's site on Open the reference
Our own capture of cms.connextfx.com, taken on Aug 26, 2026Complaints after 15 days are treated as accepted (clause 18)Visit 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 accept complaints for months, not days. Their clients can escalate to an independent ombudsman. This contract closes the door within weeks and treats silence as consent.

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

04

Connext LLC's AML policy refuses clients from 14 countries, including Japan, Brazil, South Africa, Singapore, Hong Kong and China. The website warning names only the United States, Canada and Russia.

Why this matters

You can live in a country the website never warns you about, open an account, fund it, and only meet the ban later.

Exhibit 4CriticalRarely seen14

Furthermore, the Company does not accept clients from high-risk countries, including but not limited to the following countries:
Clause I. Restricted Business and Jurisdictions in Anti-Money Laundering, Terrorist Financing and K.Y.C. Policy & Procedures
Downloaded from the broker's site on Archived copyOpen the reference
Our own capture of global.connextfx.com, taken on Aug 26, 2026The claim, on Site-wide footer notice, EnglishVisit this page on the broker's siteDownload the full size image file
Our own capture of cms.connextfx.com, taken on Aug 26, 2026What the contract says, clause I. Restricted Business and JurisdictionsVisit this page on the broker's siteDownload the full size image file

Our readingOffshore brokers commonly bar the United States. Barring Japan, Singapore, Hong Kong, Brazil and South Africa as high risk is unusual. None of them appear in the website's own warning.

05

If Connext LLC decides you misused a bonus or traded abusively, it can take 10% of your withdrawal as an administrative charge. That sits on top of its normal fees.

Why this matters

Connext decides on its own whether the trigger applies. The charge comes out of the money you are trying to take home.

Exhibit 5WarningHarder than usual10%

a withdrawal processing fee of up to 10% of the withdrawal amount may be applied to cover administrative and investigation costs
Clause 17 in Terms of Service and Conditions, p.40
Read from the broker's site on Open the reference
Our own capture of cms.connextfx.com, taken on Aug 26, 2026A 10% withdrawal fee for disputed bonus activity (clause 17)Visit this page on the broker's siteDownload the full size image file

What it costsA $5,000 withdrawal arrives as $4,500. The $500 goes to Connext as an administrative and investigation charge.

  • Worse together with Exhibit 1This clause promises your deposit stays withdrawable, and the recoupment clause says it prevails over exactly that promise.
06

The Connext website offers leverage up to 1:2000. The contract you sign caps leverage at 1:1000 for any account under $15,000 in equity.

Why this matters

You may size a position expecting to control $2,000 for every $1. The signed terms give you half that.

Exhibit 6WarningHarder than usual

Equity < $15,000 – up to 1:1000
Clause Dynamic Leverage Based on Equity in Terms of Service and Conditions, p.23
Read from the broker's site on Open the reference
Our own capture of global.connextfx.com, taken on Aug 26, 2026The claim, on Leverage page, opening paragraph, EnglishVisit this page on the broker's siteDownload the full size image file
Our own capture of cms.connextfx.com, taken on Aug 26, 2026What the contract says, clause Dynamic Leverage Based on EquityThis 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

Connext can charge 10% of a withdrawal and never publish the swap free fee

Connext LLC can add a fee of up to 10% to a withdrawal where it decides a bonus was misused. Swap free accounts pay a management fee per position that no document puts a number on. Every bank charge, transfer cost and currency conversion falls on you.

Cost disclosure2 clauses flagged

Connext LLC gives swap free accounts five calendar days without charges. After that it applies a management fee per open position, and the contract never says how much.

Why this matters

You cannot work out the cost of holding a position before you open it. Connext can also cancel swap free status and charge you every swap it waived.

Exhibit 9WarningHarder than usual5 days

No swap or rollover charges are applied for the first five (5) calendar days that a trade remains open. Following this initial period, a management fee will be applied to each open position.
Clause No-Swap (Islamic) Accounts in Terms of Service and Conditions, p.20
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 disclose costs and charges to a retail client before they trade. This contract names a fee and leaves the amount out.

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

All transfer fees and banking commissions fall on you, and Connext LLC debits your account for them. It can also convert your currency at its own rate without telling you first.

Why this matters

The cost of a deposit or withdrawal is not fixed anywhere you can check. Swap charges can change daily with no notice to you.

Exhibit 10WarningHarder than usual

All transfer fees, banking commissions, and other related costs are at the Client's own expense.
Clause Funds and Trades with a Margin in Terms of Service and Conditions, p.16
Read from the broker's site on Open the reference

Connext advertises bonuses it never publishes terms for

Connext promotes deposit bonuses, cashback and trading contests on its promotions page. No bonus terms appear in its legal documents. Its introducing broker agreement says each promotion may have its own terms, and tells you to ask support.

Unpublished rules1 clause flagged

Connext LLC promotes deposit bonuses, cashback and trading contests. No bonus terms appear anywhere in its legal documents, and its partner agreement tells you to ask support instead.

Why this matters

You accept a bonus without seeing the rules that let Connext cancel it and charge a withdrawal fee.

Exhibit 13WarningHarder than usual

Each bonus promotion might have unique terms. For more details, contact the Support Team
Clause 4. Compensation in Introducing Broker Agreement
Downloaded from the broker's site on Open the reference

Connext sets the rules of your account and can change them without notice

Connext LLC can change any term at any time and without notice. It can close your account with or without notice, while you must give ten days. Its definition of abusive trading covers positions held under five minutes, and its April revision removed the floor on leverage cuts.

Broker discretion4 clauses flagged

Connext LLC treats a position held for under five minutes as scalping, which its rules call abusive. High frequency trading, news trading and hedging across accounts are on the same list.

Why this matters

Ordinary short term trading can put your whole account inside the recoupment clause. Once Connext finds abuse, it says it will not separate your normal trades from the rest.

Exhibit 7WarningRarely seen

Scalping means trading quickly by placing and cancelling orders or entering positions for short periods, usually less than five minutes.
Clause Appendix 5, Abusive trading in Terms of Service and Conditions, p.68
Read from the broker's site on Open the reference

Our readingDefining scalping by a five minute clock is unusual in a retail agreement. Connext then treats the whole account as tainted once it finds any abuse.

Connext LLC reserves the right to change any term of your agreement at any time and without notice. The newest version replaces every earlier one.

In plain words

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

Why this matters

Terms you read today can be replaced tomorrow by terms you never saw. The same clause also promises you will be notified, which sits against the words before it.

Exhibit 11WarningHarder than usual

We reserve the right to change or add to any term or condition of this Agreement at any time and without notice, based on what we think is best.
Clause 15 in Terms of Service and Conditions, p.37
Read from the broker's site on Open the reference

Closing your own account requires ten days written notice to Connext LLC. Connext can suspend or close your access at its sole discretion, with or without notice.

Why this matters

Your access can end on any day, including while a position is open. The contract does not require Connext to give you a reason.

Exhibit 12WarningHarder than usual10 days

If you intend to close your account, you must inform us in writing at least ten (10) days in advance.
Clause 16 in Terms of Service and Conditions, p.38
Read from the broker's site on Open the reference

The 1 April terms promised leverage would drop no lower than 1:300 during rollover. The 20 April version removed that floor and made the list of restricted periods open ended.

Why this matters

Connext can now cut your leverage at any time it chooses, by any amount, without telling you. Lower leverage raises your margin and can trigger a stop out.

Exhibit 18WarningHarder than usualNew

To manage risk during periods of reduced liquidity and increased market volatility, the Company may apply temporary leverage and/or margin restrictions during specific trading periods. These periods include, but are not limited to:
Clause Leverage Adjustment During Market Rollover in Terms of Service and Conditions, p.23
Read from the broker's site on Open the reference
Our own capture of global.connextfx.com, taken on Aug 26, 2026The claim, on Leverage Adjustment Notice, FX pairs row, EnglishThis 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 cms.connextfx.com, taken on Aug 26, 2026What the contract says, clause Leverage Adjustment During Market RolloverVisit this page on the broker's siteDownload the full size image file

Ninety days of quiet starts a $5 monthly charge that ends in deletion

Connext LLC charges $5 a month once an account has been inactive for 90 days. The charge continues until the balance reaches zero, and then the account is permanently removed. A brand new account with no activity is deleted after 30 days.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

After 90 days without activity Connext LLC starts taking $5 a month from your balance. It keeps taking it until the balance reaches zero, then removes the account.

Why this matters

A forgotten account with $60 in it is gone within a year. Connext does not promise to warn you before the charge starts.

Exhibit 8WarningHarder than usual$5

A trading account held with Connextfx in which no activity has been recorded for ninety (90) consecutive days—including no trades placed, no positions opened or closed, and no deposits made—shall be classified as a “Dormant Account.”
Clause Dormant Accounts in Terms of Service and Conditions, p.21
Read from the broker's site on Open the reference

What it costsAn account left with $60 pays $5 a month. After 12 months the balance is zero and the account is removed.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 30Connext removes a new account that has had no activity at all.Removal of Inactive Newly Created Trading Accounts
Day 90Connext classifies the account as dormant.Dormant Accounts
Every month after day 90Connext deducts $5 a month from the remaining balance.Dormant Accounts
Balance reaches zeroConnext permanently removes, closes or deactivates the account.Dormant Accounts

The Seychelles licence belongs to a company you do not contract with

Your contract is with Connext LLC in Saint Vincent and the Grenadines. Its own terms say that registration carries no licence from any local authority. The FSA licence the regulation page advertises belongs to Connext LTD, a separate Seychelles company. No compensation scheme is named in any document.

Who holds your money1 clause flagged

Your contract is with Connext LLC in Saint Vincent and the Grenadines. Its own terms say that registration carries no licence from any local authority.

Why this matters

No regulator supervises the firm holding your money, and no compensation scheme is named in any document. The Seychelles licence the website advertises belongs to a different company.

Exhibit 17WarningStandard wording

Connext LLC is authorized to provide forex trading brokerage activity. This authorization does not imply the ownership and/or acquisition of a license from a local supervisory authority as long such a license does not exist and is not provided in Saint Vincent and the Grenadines by any local authority.
Clause 2 in Terms of Service and Conditions, p.10
Read from the broker's site on Open the reference
Our own capture of global.connextfx.com, taken on Aug 26, 2026The claim, on Regulations page, Republic of Seychelles section, EnglishVisit this page on the broker's siteDownload the full size image file
Our own capture of cms.connextfx.com, taken on Aug 26, 2026What the contract says, clause 2Visit 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 hold client money under rules a regulator enforces. Their clients can also use a statutory compensation scheme. Connext LLC's own terms say no such licence exists for it in Saint Vincent and the Grenadines.

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

A claim against Connext is heard in Saint Vincent and the Grenadines

Only the courts of Saint Vincent and the Grenadines can hear a dispute with Connext LLC. That is ordinary for a broker registered there. Connext can also hand its side of your contract to another company without your consent, and you cannot do the same.

Where you sue1 clause flagged

Only the courts of Saint Vincent and the Grenadines can hear a dispute with Connext LLC. Connext can also transfer its side of the contract to another company without asking you.

Why this matters

Bringing a claim means litigating in the Caribbean, whatever that costs from where you live. You cannot transfer your own rights the same way.

Exhibit 14NoticeStandard wording

The available courts of Saint Vincent and the Grenadines will be the only ones to handle any disputes, lawsuits, or processes that come up because of this Agreement or have something to do with it.
Clause 4 in Terms of Service and Conditions, p.26
Read from the broker's site on Open the reference

Moving more than $10,000 triggers a source of wealth demand

Connext LLC requires a source of wealth declaration for any transaction above $10,000. It refuses politically exposed persons and their close family outright. It keeps your identity and transaction records for at least five years after you stop being a client.

Documents and data1 clause flagged

Any transaction over $10,000 needs a source of wealth declaration from you. Connext LLC rejects politically exposed persons and their close family outright.

Why this matters

Documents can be demanded when you move a larger sum, not when you open the account. Connext keeps your records for at least five years after you leave.

Exhibit 15NoticeStandard wording$10000

Any transaction that exceeds the value of 10,000 United States Dollars (from now on "USD") must be documented on the "Declaration of the source of Wealth" Form
Clause Customer Due Diligence in Anti-Money Laundering, Terrorist Financing and K.Y.C. Policy & Procedures
Downloaded from the broker's site on Archived copyOpen the reference

Connext trades against you as principal and says so in the contract

Connext LLC deals on its own account when it fills your orders, which puts it on the other side of your trade. It may also pay or receive referral fees from third parties. The contract discloses this clearly, and the marketing pages do not mention it.

Who is on the other side1 clause flagged

Connext LLC deals on its own account when it fills your orders, so it sits on the other side of your trade. It may also pay or receive referral fees from third parties.

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.

Why this matters

Your loss can be Connext's gain on the same trade. The contract discloses this, and the marketing pages do not mention it.

Exhibit 16NoticeStandard wording

Dealing on own account when fulfilling client orders for given financial instruments.
Clause 3 in Terms of Service and Conditions, p.11
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 website warns three jurisdictions away, while the AML policy names 14, including Japan, Brazil, Singapore, Hong Kong, China and South Africa.

Said in public, in English

Our services are not available to residents of certain jurisdictions, including the United States and Canada, or any jurisdiction where such distribution or use would be contrary to local laws or regulations, as well as countries and regions subject to international sanctions, including the Russian Federation, or classified as high risk by the Financial Action Task Force (FATF).

Site-wide footer notice, English

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

In the contract · clause I. Restricted Business and Jurisdictions

Furthermore, the Company does not accept clients from high-risk countries, including but not limited to the following countries:

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

02

The funding page promises 24 hours, and the contract allows three business days and only once four conditions are satisfied.

Said in public, in English

Our team processes all withdrawals within a maximum of 24 hours, even on weekends, to ensure a smooth and timely procedure.

Funding Methods page, frequently asked questions, English

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

In the contract · clause Deposits and Withdrawals

If the following conditions are satisfied, the Company will process the Client's request to withdraw money from the Client Account within three (3) Business Days of receiving it:

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

03

The leverage page offers 1:2000, and the contract's own equity table stops at 1:1000.

Said in public, in English

At ConnextFX, you can trade with a maximum leverage of up to 1:2000, which means $1 of your own capital can control a position worth up to $2,000.

Leverage page, opening paragraph, English

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

In the contract · clause Dynamic Leverage Based on Equity

Equity < $15,000 – up to 1:1000

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

04

The regulation page says Connext is licensed in Seychelles, and the terms say the company you actually contract with holds no licence.

Said in public, in English

Our company is licensed by the Financial Services Authority (FSA) of Seychelles

Regulations page, Republic of Seychelles section, English

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

In the contract · clause 2

Connext LLC is authorized to provide forex trading brokerage activity. This authorization does not imply the ownership and/or acquisition of a license from a local supervisory authority as long such a license does not exist and is not provided in Saint Vincent and the Grenadines by any local authority.

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

05

The leverage page says the cut applies exclusively during rollover, and the contract says the list of periods is not limited to those.

Said in public, in English

Applicable exclusively during market rollover periods.

Leverage Adjustment Notice, FX pairs row, English

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

In the contract · clause Leverage Adjustment During Market Rollover

These periods include, but are not limited to:

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

What changed quietly

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

  • REWRITTENClause Leverage Adjustment During Market Rollover · 1.0.10 to 1.0.11

    The stated floor of 1:300 disappeared and the list of restricted periods became open ended.

    To manage risk during periods of reduced liquidity and increased market volatility, the Company may apply temporary leverage and/or margin restrictions during specific trading periods. These periods include, but are not limited to:

  • ADDEDClause Instrument-Specific Leverage Restrictions · 1.0.10 to 1.0.11

    A new section lets Connext cap leverage on named instruments permanently, at its own discretion and without notice.

    These leverage limits may be applied on a permanent or temporary basis, including during defined trading periods, at the Company’s sole discretion and without prior notice where deemed necessary.

The documents this reading is based on

8 files, all published by Connext. 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 Connext publishes.

How this reading was done

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

This reading was published on .

Documents
1 of 8downloaded from the broker's site, and one read in full
Pages opened
26pages walked to find those documents, footer links included
Older copies
5earlier versions downloaded, 3 identical to the copy we hold by fingerprint
Marketing pages
11public pages set against what the contract says

Who the contract is with

Connext LLC

You contract with Connext LLC, registered in Saint Vincent and the Grenadines with company number 2652 LLC 2022. Its terms say this registration carries no licence from any local authority. The Seychelles licence the website advertises is held by Connext LTD, a separate company that does not appear in the terms you accept.

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

Connext gives negative balance protection to every retail client. If your account goes below zero it says it will cover the loss and not ask you to pay. Client money sits in segregated accounts and the terms say so plainly. The complaint procedure is published in full, with a form, a five business day investigation target and a five year record. Every version of the terms carries a version number and an effective date, so you can see what changed and when.

We read the 69 page terms of service in full, and the 61 page April version before it. We read parts of the anti money laundering policy, both privacy policies, the legal notice and the introducing broker agreement, not all of them. We did not read the copyright notice. The cookies policy is published as four pages of images with no text in them, so nobody can read it, search it or quote it. Connext publishes no bonus terms, no payment terms and no copy trading terms. It advertises bonuses, card and crypto deposits and a copy trading app. Two different privacy policies are linked from the same legal page and we could not tell which one governs. The site has no other language version. We could not check for a claim made in one language and denied in another.

How to check any of this yourself

Every quote above links to the Connext 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 Connext 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 Connext 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 Aug 26, 2026.

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

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