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Contract reading

What Crib Markets legally published, but does not want you to read

Every clause below is published by Crib Markets 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: CRIB MARKETS LTD

client agreementdeemed acceptancemargin callmarketing claimmissing documentsprofit voidingsole discretionwithdrawalscounterpartycountry restriction

Crib Markets advertises six legal documents. Not one of them opens. The only contract that exists sits behind the sign-up form, and it lets Crib Markets cancel your trades and hold back your profit withdrawals. The home page promises negative balance protection, and that contract makes you liable for any deficit.

Back to Crib Markets

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.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
11
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
10
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 11 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning6
Notice0

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.

Critical6In the contract. Jump to the clause this comes from.Six legal documents advertised, none of them openCritical30%Profit at risk. Jump to the clause this comes from.Trades under 180 seconds counted as abusive scalpingCritical7Withdrawal limit. Jump to the clause this comes from.Profit withdrawals can be held back with no deadline8Account limit. Jump to the clause this comes from.Sign-up form accepts all eight barred countries

What the documents say

11 clauses worth knowing about, worst first, each quoted from Crib Markets's own files

01

Crib Markets lists six policies on its legal page, each with a stated file size and an update date. Not one of them opens.

Why this matters

You cannot read what you are agreeing to before you send money. The Client Agreement the page says governs your relationship with Crib Markets exists as no file anywhere on the site or in the client portal.

Exhibit 1CriticalRarely seen6New

Crib Markets operates with strict regulatory compliance and absolute transparency. Review our key policies and agreements below.
Quoted in Legal Documents
Read from the broker's site on Open the reference
Our own capture of thecribmarket.com, taken on Sep 18, 2026The claim, on Legal Documents page, lead paragraph above the six document cardsVisit this page on the broker's siteDownload the full size image file
Our own capture of thecribmarket.com, taken on Sep 18, 2026What the contract saysVisit 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 give a retail client the terms of business before that client is bound by them, and must publish a complaints procedure. Crib Markets names six documents on its legal page and publishes none of them.

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

Our readingBurying terms in a long PDF is ordinary. Naming six policies with file sizes and update dates while publishing none of them is a different mechanism: the page describes a document set that does not exist.

  • Worse together with Exhibit 5The legal page advertises a Client Agreement it never publishes, and the sign-up form makes you confirm you have read it.
02

Crib Markets treats any trade you close within 180 seconds as scalping. If more than 30% of your trades are scalping, it can cancel them and hold back your profit withdrawals.

Why this matters

Three minutes is a normal holding time for news trading and other short term strategies. Crib Markets does not say who counts your trades, how you appeal, or when the hold on your profit ends.

Exhibit 2CriticalHarder than usual30%

Crib Markets Ltd defines trades with a duration of less than 180 seconds as Scalping.
Clause Scalping & High-Frequency Trading (HFT) in CRIB MARKETS LTD Terms and Conditions, p.3
Read from the broker's site on Open the reference
Our own capture of secure.thecribmarket.com, taken on Sep 18, 2026Trades under 180 seconds counted as abusive scalping (clause Scalping & High-Frequency Trading (HFT))Visit this page on the broker's siteDownload the full size image file

What it costsPlace 100 trades in a month and let 31 of them close inside 180 seconds. You are over the threshold.

  • Worse together with Exhibit 3The 180 second test decides which accounts fall under the withholding power, and neither clause sets a deadline for it.
03

Crib Markets bans seven kinds of trading. Six of them carry the same penalty: it can reverse your trades and hold back your profit withdrawals.

Why this matters

For two of the seven, suspicion alone is enough for Crib Markets to act. It publishes no deadline for the hold, no appeal, and no complaints procedure.

Exhibit 3CriticalHarder than usual7

Crib Markets Ltd reserves the right to reverse or cancel said trades and withhold profit withdrawals for such accounts.
Clause Insider Trading in CRIB MARKETS LTD Terms and Conditions, p.3
Read from the broker's site on Open the reference
Our own capture of thecribmarket.com, taken on Sep 18, 2026The claim, on About page, statistics band, under the heading Avg Payout Processing Time with the figure 1 HourVisit this page on the broker's siteDownload the full size image file
Our own capture of secure.thecribmarket.com, taken on Sep 18, 2026What the contract says, clause Insider TradingVisit 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 handle a withdrawal request promptly and must run a complaints procedure with an independent scheme behind it. Crib Markets publishes no withdrawal timescale and no complaints procedure at all.

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

04

The home page lists negative balance protection as a feature of the ECN account, meaning a loss cannot take you below zero. The contract says you are liable for any deficit after Crib Markets closes your position at a loss.

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

A loss bigger than your balance becomes a debt you owe Crib Markets. The promise you saw on the way in appears nowhere in the contract you accept.

Exhibit 4CriticalHarder than usual

If you fail to do so within the required time, your position may be liquidated at a loss and you will be liable for any resulting deficit.
Quoted in CRIB MARKETS LTD Terms and Conditions, p.2
Read from the broker's site on Open the reference
Our own capture of thecribmarket.com, taken on Sep 18, 2026The claim, on Home page, ECN account specification table, where the value shown against this row is YesVisit this page on the broker's siteDownload the full size image file
Our own capture of secure.thecribmarket.com, taken on Sep 18, 2026What the contract says, clause Risk notice, margin bulletVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC, and firms under wider ESMA rules, must give retail clients negative balance protection so a retail account cannot fall below zero. Crib Markets advertises it as an account feature while its contract makes you liable for the deficit.

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

  • Worse together with Exhibit 10A margin demand you never receive can leave you owing the deficit the home page says cannot arise.
05

To open an account you must tick a box confirming you read and agreed to the Client Agreement. No Client Agreement is published on the site or in the client portal.

Why this matters

You are agreeing to terms you cannot see. Nothing published tells you which country's law applies, how to complain, or how a withdrawal works.

Exhibit 5CriticalRarely seen

I confirm that I have read, understood, and agreed to the Client Agreement, Terms and Conditions, and legal policies of Crib Markets Ltd.
Clause Sign-up form, acceptance box in Client portal sign-up form
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 give a retail client the client agreement in good time before the client is bound, and must set out how to complain. Crib Markets asks you to confirm you have read an agreement it does not publish.

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

Our readingA broker that buries its client agreement is common. One that collects a written confirmation you have read a client agreement it does not publish is a different mechanism: the tick is the only record, and it records something that cannot have happened.

  • Same clause as Exhibit 9Both rest on the one sentence in the contract that mentions a Client Agreement at all.

What Crib Markets advertises is not what its contract says

Crib Markets lists six legal documents on its legal page and publishes none of them. Its home page offers negative balance protection while the one contract it does publish makes you liable for any deficit. Its About page prints an 84.65% winning ratio above a warning that you can lose everything.

Promises against paper1 clause flagged

The About page prints a last year winning ratio of 84.65% as a company statistic. The risk warning at the foot of every page says you can lose part or all of your money.

Why this matters

Crib Markets does not say what that 84.65% measures or where it comes from. It is the first performance figure you meet, and nothing on the site supports it.

Exhibit 11WarningRarely seen84.65%

Last Year Winning Ratio
Clause Crib Markets in Numbers in About Crib Markets
Read from the broker's site on Open the reference
Our own capture of thecribmarket.com, taken on Sep 18, 2026The claim, on About page, statistics band, shown with the figure 84.65% and a 6.39% growth rateVisit this page on the broker's siteDownload the full size image file
Our own capture of thecribmarket.com, taken on Sep 18, 2026What the contract says, clause Risk DisclaimerVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC, and firms under wider ESMA rules, must show the percentage of retail accounts that lose money on CFDs in their marketing. Crib Markets shows a winning ratio and no loss figure.

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

Our readingBrokers in regulated markets publish the share of client accounts that lose money. Publishing a winning ratio instead inverts that disclosure, and the figure has no stated basis.

Zero commission and $7 a lot appear on the same page

Crib Markets advertises zero commission on major pairs at the top of its home page. The pricing table further down that page charges $7 per lot on EUR/USD, GBP/USD and USD/JPY. A third figure, $5, sits on the ECN account card above it.

Cost disclosure1 clause flagged

The home page advertises zero commission on major pairs. Further down the same page, Crib Markets prices EUR/USD, GBP/USD and USD/JPY at $7 per lot in commission.

Why this matters

Every major pair the page names carries a commission. The same page also shows a $5 commission on the ECN account, so the site never tells you what a trade costs.

Exhibit 8WarningHarder than usual$7

Zero Commission on Major Pairs
Clause Home page, Unlock Your Potential panel in Crib Markets home page
Read from the broker's site on Open the reference

What it costsTen lots of EUR/USD carry $70 in commission, at the rate printed on the same page that offers zero commission.

The countries Crib Markets bars are the countries its form accepts

Crib Markets names eight countries it does not serve, including India, the UAE and the United States. All eight can be picked on its sign-up form. Nothing published says what happens to a deposit that arrives from one of them.

Who may open an account1 clause flagged

Crib Markets says it does not serve residents of eight countries, including India, the UAE and the United States. Its sign-up form lets you pick every one of those eight.

Why this matters

You can open an account and deposit from a country Crib Markets says it does not serve. Nothing published says what happens to your money if it applies the restriction later.

Exhibit 7WarningHarder than usual8

Restricted Regions: CRIB MARKETS (MAURITIUS) LTD does not provide services for citizens/residents of the India, UAE, United States, Cuba, Iraq, Myanmar, North Korea, Sudan.
Clause Restricted Regions in Terms of Service
Read from the broker's site on Open the reference

You confirm you have read documents Crib Markets does not publish

Opening an account with Crib Markets needs a tick confirming you read the Client Agreement. No Client Agreement exists on the site or in the client portal. The contract that does exist treats a margin demand as delivered even when you never receive it.

Consent and notice1 clause flagged

Margin is the cash you must keep in the account to hold a position open. A demand for more counts as received the moment Crib Markets sends it to your contact details.

Why this matters

Miss the message and your position can be closed at a loss, with the shortfall left to you. The contract says this applies even if you never receive it.

Exhibit 10WarningStandard wording

You will be deemed to have received a notice requiring the payment of such funds, even if you are not at home or do not receive the messages we leave for you, if the notices are delivered to your nominated contact points.
Quoted in CRIB MARKETS LTD Terms and Conditions, p.2
Read from the broker's site on Open the reference

Two company names, one registration number, no regulator

The Crib Markets website is run by CRIB MARKETS (MAURITIUS) LTD, registration number C198192. The contract you accept is headed CRIB MARKETS LTD. No regulator, licence number or compensation scheme appears in any document Crib Markets publishes, and the contract puts you in line as an unsecured creditor.

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.

Counterparty2 clauses flagged

The website footer says CRIB MARKETS (MAURITIUS) LTD runs the site, with Mauritius registration number C198192. The contract you accept at sign-up is headed CRIB MARKETS LTD.

Why this matters

You need to know which company holds your money before you send it. Nothing Crib Markets publishes says whether these two names are the same company.

Exhibit 6WarningHarder than usual

The Website is owned and operated by CRIB MARKETS (MAURITIUS) LTD, which include:CRIB MARKETS (MAURITIUS) LTD registered in the Mauritius (Registration number C198192).
Clause Corporate Information in Terms of Service
Read from the broker's site on Open the reference

Crib Markets says your deposits sit in a segregated client account. It also says segregation does not guarantee your money back if the firm fails and that account is short.

Why this matters

You would stand in line with other unsecured creditors. Crib Markets names no compensation scheme anywhere, so no fund stands behind your balance.

Exhibit 9WarningStandard wording

It should also be noted that keeping your funds in a segregated client account does not offer or guarantee absolute protection of your funds in the event of our insolvency or default where there is a deficit in the segregated client account.
Quoted in CRIB MARKETS LTD Terms and Conditions, p.2
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 segregate client money and belong to a compensation scheme that pays out up to a set limit if the firm fails. Crib Markets states segregation and names no scheme.

Crib Markets 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 legal page promises transparency across six policies, while the terms of service page tells you to come back later.

Said in public, in English

Crib Markets operates with strict regulatory compliance and absolute transparency. Review our key policies and agreements below.

Legal Documents page, lead paragraph above the six document cards

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

In the contract

Welcome to the Terms Of Service page. We are currently updating our platform with new institutional-grade tools and resources. Please check back soon to access premium content.

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

02

The home page sells protection against a negative balance and the contract makes you liable for the deficit.

Said in public, in English

Negative Balance Protection

Home page, ECN account specification table, where the value shown against this row is Yes

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

In the contract · clause Risk notice, margin bullet

If you fail to do so within the required time, your position may be liquidated at a loss and you will be liable for any resulting deficit.

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

03

A one hour payout is advertised while the only published withdrawal clause is a power to withhold payouts.

Said in public, in English

Fast and hassle-free withdrawals

About page, statistics band, under the heading Avg Payout Processing Time with the figure 1 Hour

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

In the contract · clause Insider Trading

Crib Markets Ltd reserves the right to reverse or cancel said trades and withhold profit withdrawals for such accounts.

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

04

The same page that promises zero commission on major pairs charges $7 a lot on the three biggest ones.

Said in public, in English

Zero Commission on Major Pairs

Home page, Unlock Your Potential panel, third of three selling points

In the contract · clause Home page, live pricing table, EUR/USD row

$7 / lot

05

An 84.65% winning ratio sits on one page while the footer of every page warns you can lose everything.

Said in public, in English

Last Year Winning Ratio

About page, statistics band, shown with the figure 84.65% and a 6.39% growth rate

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

In the contract · clause Risk Disclaimer

Trading of securities, forex, stock market, commodities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money.

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

What changed quietly

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

  • REWRITTENClause

    The risk disclaimer ran to eleven numbered sections in May 2026 and is now a holding notice.

    Welcome to the Risk Disclaimer page. We are currently updating our platform with new institutional-grade tools and resources. Please check back soon to access premium content.

  • ADDEDClause

    The list of six downloadable policies appeared after March 2026, when the legal page carried no documents at all.

    The overarching terms that govern the relationship between Crib Markets and our clients.

The documents this reading is based on

10 files, all published by Crib Markets. 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 Crib Markets publishes.

How this reading was done

Every clause above was read out of a document Crib Markets publishes itself

This reading was published on .

Documents
10 of 10downloaded from the broker's site, and 10 read in full
Pages opened
25pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
4public pages set against what the contract says

Who the contract is with

CRIB MARKETS LTD

Two company names appear. The website footer says CRIB MARKETS (MAURITIUS) LTD owns and operates the site, registered in Mauritius under number C198192. The only contract, and the box you tick to open an account, both name Crib Markets Ltd instead. Both give the same Port Louis address. Nothing Crib Markets publishes says whether these are one company or two, and no regulator, licence number or compensation scheme is named in any document.

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 one contract Crib Markets publishes is frank about the limits of its own protection. It says client deposits sit in a segregated client account. It then says segregation does not guarantee your money back if the firm fails and that account is short. Most brokers publish the first half and leave the second out. The full risk warning also runs on every page of the site, not only the legal ones, and the restricted countries list is stated plainly rather than hidden in an annex.

Four of the legal pages, terms of service, privacy policy, risk disclaimer and AML policy, hold nothing but a holding notice, so there was nothing on them to read. The six documents listed on the legal page have no file behind them. The client portal holds one legal PDF, the terms and conditions, and we read that in full: every quotation credited to it comes from there. We read the risk management services page on the site itself, because the copy we took held only the page frame. Crib Markets publishes no payment terms, no bonus terms and no complaints procedure, so there was nothing to check on deposit fees, withdrawal timescales or how to raise a dispute. The site is published in English only, so there was no second language version to compare.

How to check any of this yourself

Every quote above links to the Crib Markets 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 Crib Markets 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 Crib Markets 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 18, 2026.

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

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