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Contract reading

What FX-EDGE legally published, but does not want you to read

Every clause below is published by FX-EDGE 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: FX-EDGE SC LTD

sole discretionclient moneydeemed acceptancehidden feemissing documentbest executioncomplaint windowcomplaintscounterparty riskdefault interest

FX-EDGE publishes two answers to the question that matters most. Its Client Funds Policy says your money sits in a segregated bank account it cannot use. The contract you sign says the opposite: no duty to segregate, your deposit spent in its business, and you left as an ordinary creditor. The same split runs through negative balance protection and best execution.

Back to FX-EDGE

Contract risk

Money at risk
7.8/10

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.
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.
34
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

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.

Critical5
Warning12
Notice1

section 109 of 122is where the deepest clause sits, 89% 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.

2 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$5000Withdrawal limit. Jump to the clause this comes from.Title in your deposit passes to the companyCritical30%In the contract. Jump to the clause this comes from.Negative balance protection promised, then denied three times30 daysTime to complain. Jump to the clause this comes from.Liability capped at one month of fees5 working daysAccount limit. Jump to the clause this comes from.Terms can change on five days notice and hit open trades

What the documents say

18 clauses worth knowing about, worst first, each quoted from FX-EDGE's own files

01

DNKR ZA publishes a Client Funds Policy saying your money goes into a segregated bank account and that it cannot use those funds. The contract you actually sign says it is not required to segregate anything, and clause 11.1 lets it spend your deposit in its own business.

Why this matters

If DNKR ZA fails, your deposit is not ring-fenced and you queue behind everyone else it owes. Clause 24.2 makes the contract the whole agreement, and clause 24.3 says you have no claim for any promise made outside it. The Client Funds Policy sits outside it.

Exhibit 1CriticalRarely seen

When you open an account with us, we will hold your money on a segregated basis. This means that we pay each client's money – including deposits and net unrealised profits – into a segregated client bank account (i.e. an account which is separate from our own).
Quoted in Client Funds Policy, p.2
Read from the broker's site on Open the reference

Where it sits: section 43 of 122 in the Client Funds Policy, 35% of the way through.

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

DNKR ZA's own Client Funds Policy says the Financial Sector Conduct Authority requires it to open a segregated account. Firms licensed by the FCA or CySEC must also keep retail client money separate from their own and may not use it in the business. The signed contract says segregation is not required.

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

Our readingBrokers normally either segregate client money or say plainly that they do not. Publishing both statements, for the same company, on the same legal page, is the unusual part.

  • Worse together with Exhibit 2One clause removes segregation and the next hands legal title in the same money to the company.
  • Worse together with Exhibit 5Money that is neither segregated nor yours can also be passed to a third party you have no claim against.
02

Clause 8.11 moves ownership of your money to FX-EDGE, not just possession. The company decides daily how much to take, it can take more than your open positions need, and you stop having any property claim over it.

Why this matters

You need at least $5,000 on the account to start. Once clause 8.11 bites, that money is the company's to deal with as its own, and you are left with a contractual promise instead of your cash.

Exhibit 2CriticalHarder than usual$5000

Title in and ownership of a portion or all of the funds you deposit with the Company shall be transferred to the Company to the extent it represents an amount necessary to secure your open positions or cover your actual or future contingent or prospective obligations (which will be calculated daily in the Company sole and absolute discretion based on your daily open positions and trading and which may be greater than the Margin required to maintain your open positions, as market conditions may dictate) such that you will not have a proprietary claim over that portion or any of your funds deposited and the Company can deal with it on its own right.
Clause 8.11 in Application Form (Agreement) + T&C, p.11
Read from the broker's site on Open the reference

Where it sits: section 21 of 70 in the Application Form (Agreement) + T&C, 30% of the way through.

What it costsSchedule 1 sets the minimum deposit at $5,000. Under clause 8.11 the part of it securing your positions stops being your property the day it is calculated.

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

Firms licensed by the FCA may only take title to retail client money in narrow cases, and never as the default arrangement. This contract applies title transfer to every client by default.

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

03

DNKR ZA's Risk Management Policy says clients can never lose more than they deposited. Three other documents from the same company say you are liable for any deficit left after your positions are closed out.

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 gap in the market can leave your account below zero, and clause 18.10 makes that debt yours to pay. The same two documents also disagree on when the platform closes you out, at 20% margin or at 30%.

Exhibit 3CriticalRarely seen30%

A Position will automatically close when a margin call reaches 20%. A negative balance protection on a per account is imposed, limiting a retail investor's aggregate liability for all CFDs connected to a CFD trading account with a CFD provider to the funds in that CFD trading account. Our clients may never lose more funds than those deposited in their trading account (i.e. negative balance protection).
Quoted in Risk Management Policy, p.4
Read from the broker's site on Open the reference

Buried at section 109 of 122 in the Risk Management Policy, 89% of the way through.

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

Firms licensed by the FCA, CySEC or ASIC must give retail CFD clients negative balance protection, so losses cannot exceed the money in the account. This contract says you may be liable for losses beyond the margin you post.

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

Our readingDisagreeing with itself on whether losses can exceed the deposit is unusual. The promise sits in a policy, and the liability sits in the document you sign.

  • Worse together with Exhibit 4The company can reopen a closed position and admits that may leave you in debit, with no protection capping what you owe.
04

If FX-EDGE decides a quote was wrong, clause 15.16 lets it change the price you dealt at or cancel the trade outright. It can also cancel later trades you funded with the proceeds, and it says plainly that this may leave your account in debit.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

A closed winning position can be reopened days later at market prices that have moved against you. Clause 15.13 lets FX-EDGE start this by forming a doubt about arbitrage or scalping, terms the contract never defines.

Exhibit 4CriticalHarder than usual

If the Company has reasonable doubts that the Client is engaging in abusive trading, is entering into bad faith transactions aimed at taking advantage of incorrect quotes, is committing arbitrage, is taking advantage of price deviations in connection with corporate actions that affect a stock or an equity index, is carrying out snipping, scalping, pip-hunting, or uses investment strategies inconsistent with the principle of equality of parties aimed at taking technological or informational advantage, the Company reserves the rights described in point 15.6 below.
Clause 15.13 in Application Form (Agreement) + T&C, p.17
Read from the broker's site on Open the reference

Where it sits: section 34 of 70 in the Application Form (Agreement) + T&C, 49% of the way through.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Doubt formedFX-EDGE decides your trading was abusive, arbitrage, scalping or pip-hunting.15.13
Price changedThe price you dealt at is rewritten, or the account is adjusted to reflect it.15.16
Trade cancelledThe trade is treated as never made, and a closing trade being cancelled reopens the position.15.16
Knock-on trades cancelledLater trades funded by the cancelled ones are cancelled too.15.16
Agreement endedSeveral such trades let FX-EDGE terminate the agreement with immediate effect.15.20
  • Worse together with Exhibit 9The company can rewrite your trades, and its liability for getting that wrong is capped at a month of fees.
05

The Risk Disclosure says DNKR ZA hands your money to a liquidity provider, which may hold it in an omnibus account mixed with other people's funds. If that firm fails, you are left with an unsecured claim and DNKR ZA accepts no responsibility.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

Your money can end up at a company you never chose, in a pot you cannot identify as yours. The same document warns the holder may have a lien or right of set-off over it, so somebody else's debt can be paid out of it.

Exhibit 5CriticalHarder than usual

The Company transfers money received from the Client to a third party (e.g. a liquidity provider) to hold or control in order to effect a Transaction through or with that person or to satisfy the Client's obligation to provide collateral (e.g. initial margin requirement) in respect of a Transaction. The Company has no responsibility for any acts or omissions of any third party to whom it will transfer money received from the Client.
Clause 3(a) in Risk Disclosure Policy, p.7
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 carry out due diligence on any third party holding client money and remain responsible to the client for it. This document says the company has no responsibility for the acts or omissions of the party it transfers your money to.

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

FX-EDGE publishes both promises and their opposites

Three of the questions that decide whether you get your money back have two answers on the FX-EDGE legal page. The Client Funds Policy promises segregated client money and clause 11.1 removes the duty. The Risk Management Policy promises negative balance protection and Schedule 2 says losses may exceed your margin. In each pair the document you sign is the one that binds.

Two answers1 clause flagged

The website says FX-EDGE does not provide services to retail traders and does not onboard end users. The KYC Policy on the same site asks individuals for a passport, a utility bill and a photograph of their debit card.

Why this matters

The retail protections you would be relying on live in these policies, and the contract you sign refuses natural persons outright. You cannot tell from the shelf which set of rules covers you.

Exhibit 17WarningHarder than usual

For individuals: • A copy of Customer valid National ID or Passport with the signature page.
Quoted in Know Your Customer (KYC) Policy, p.3
Read from the broker's site on Open the reference
Our own capture of fx-edge.com, taken on Sep 19, 2026The claim, on B2B Disclaimer at the foot of the legal documents pageVisit this page on the broker's siteDownload the full size image file

Default interest of 36.5% a year, and a price list nobody can read

Clause 18.6 charges 0.1% a day on any close-out amount left unpaid, which is 36.5% over a year. The FX-EDGE Risk Warning says a Price List overrides everything it tells you, and that Price List appears nowhere on the site. The Risk Disclosure puts the job of tracking fee changes on you.

Cost disclosure1 clause flagged

Clause 18.6 charges 0.1% a day on anything you owe after a close-out, which works out at 36.5% a year. The Risk Warning also says a Price List overrides it, and that Price List is not published anywhere.

In plain words

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

Why this matters

Interest accrues daily as a separate debt while you are arguing about whether you owe it. The Risk Disclosure puts the burden on you to keep checking the website for fee changes.

Exhibit 15WarningHarder than usual0.1%

Any Liquidation Amount not paid on the due date shall be treated as an unpaid amount and bear interest, at the rate of one tenth of a percent (0.1%) per day or as otherwise may be reasonably determined by us to be the cost of funding such overdue amount
Clause 18.6 in Application Form (Agreement) + T&C, p.23
Read from the broker's site on Open the reference

Buried at section 43 of 70 in the Application Form (Agreement) + T&C, 61% of the way through.

What it costsLeave $10,000 unpaid and clause 18.6 adds $10 a day. Over a year that is $3,650 on top of the $10,000.

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

Firms licensed by the FCA or CySEC must give clients a full statement of costs and charges before they trade. Here the document said to govern prices is not published at all.

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

Your deposit stops being yours the day it is calculated

Clause 8.11 of the FX-EDGE agreement transfers legal title in your deposit to the company, which decides daily how much to take. The Risk Disclosure then allows that money to be passed to a liquidity provider and pooled in an omnibus account. If that firm fails you hold an unsecured claim, and FX-EDGE accepts no responsibility for it. Withdrawal limits and fees are reserved but never stated.

Getting it back1 clause flagged

FX-EDGE V reserves the right to impose withdrawal limits and withdrawal fees that appear in no published document. It also decides, at its own discretion, which method your money goes back out by.

Why this matters

Bank payouts are quoted at 2 to 10 business days, and the company converts your currency at its own rate if the two differ. You cannot price the exit before you deposit, because the limits and fees are not written down.

Exhibit 13WarningHarder than usual10 working days

FX-EDGE V LIMITED reserves the right to impose withdrawal limits and withdrawal fees in its system.
Quoted in Withdrawal and Deposit Policy, 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 disclose all costs and charges to a client before they trade. This policy reserves the right to impose withdrawal fees without stating them.

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

The terms can change under positions you already hold

Clause 22.7 lets FX-EDGE rewrite the terms and every schedule on 5 business days notice, and says the change applies to all existing transactions. The Conflict of Interest Policy goes further, treating whatever version sits on the website as binding on you. Fees, margin rules and stop-out levels all live in those schedules.

Moving targets1 clause flagged

Clause 22.7 lets FX-EDGE rewrite the terms and every schedule on 5 business days notice. The change applies to all your existing transactions, not only to new ones.

Why this matters

Fees, margin rules and stop-out levels can move underneath positions you already hold. The Conflict of Interest Policy goes further and treats whatever is on the website as binding on you.

Exhibit 12WarningHarder than usual5 working days

The Company reserves the right to change or alter the Terms & Conditions including all the schedules by giving an advance notice to the Client (not shorter than 5 Business Days, unless the change is caused by the need to adapt to Applicable Regulations or was required by a competent public supervisory authority). The change will affect all existing transactions and dealings with the Client.
Clause 22.7 in Application Form (Agreement) + T&C, p.27
Read from the broker's site on Open the reference

Buried at section 51 of 70 in the Application Form (Agreement) + T&C, 73% of the way through.

Six months to complain, and a clause against criticising the firm

FX-EDGE SC treats a complaint made after six months as settled in full and makes you waive the right to bring it. Clause 24.13 bars any action more than two years after discovery, and clause 15.11 caps everything you can recover at one month of fees. Clause 22.5 separately forbids you from saying anything critical about your experience, during the agreement and after it ends. The South African arm publishes no complaints procedure at all.

Raising it4 clauses flagged

FX-EDGE SC treats any complaint made more than six months after the event as settled in full, and makes you waive the right to bring it. Clause 24.13 then bars any legal action more than two years after you discover the cause.

Why this matters

A pricing or fee problem you only spot in an annual review is already out of time. The waiver applies whatever the complaint is about and however much money is involved.

Exhibit 7WarningHarder than usual

No complaint shall be valid if submitted after six (6) months of its alleged occurrence and should be deemed to be settled in full upon the expiry of the said six (6) months period.
Quoted in Complaints Handling Policy, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK)

Firms licensed by the FCA give clients six years to complain about most matters, or three years from when they became aware of the problem. This policy stops at six months and treats silence as settlement.

FX-EDGE is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 8One clause puts a clock on complaining and another forbids saying anything critical at all.

Clause 22.5 bars you from saying anything that could reasonably be read as critical or disparaging of FX-EDGE, including about your own experience with it. Breaking it is grounds for immediate termination.

Why this matters

Posting an honest account of a dispute can cost you the account itself. Clause 22.8 keeps the clause alive after the agreement ends, so it follows you out of the door.

Exhibit 8WarningRarely seen

During the term of this Agreement and following termination thereof, you shall not initiate or make any statements or take actions that could reasonably be construed as critical or disparaging of the Company or its affiliates, or your experience arising out of your relationship with the Company. Violation of this Section 22.5 shall result in immediate termination for cause.
Clause 22.5 in Application Form (Agreement) + T&C, p.27
Read from the broker's site on Open the reference

Buried at section 51 of 70 in the Application Form (Agreement) + T&C, 73% of the way through.

Our readingNon-disparagement clauses belong in settlement agreements and employment contracts. Putting one in a standing trading agreement turns a review of your own experience into a breach.

Whatever FX-EDGE does wrong, clause 15.11 caps everything you can recover at the fees you paid in the 30 days before you first raised the claim. Consequential loss and lost profit are excluded outright.

Why this matters

A platform failure that costs you six figures is answerable with a refund of last month's commission. The cap applies even where the company was told the loss was coming.

Exhibit 9WarningHarder than usual30 days

The aggregate liability of the Company and its affiliates shall not exceed the fees that Client has paid under the Contractual Documentation during the thirty (30) days immediately preceding the date on which Client first asserts the applicable claim.
Clause 15.11 in Application Form (Agreement) + T&C, p.17
Read from the broker's site on Open the reference

Where it sits: section 32 of 70 in the Application Form (Agreement) + T&C, 46% of the way through.

What it costsOn the $1,000 minimum monthly fee, the most you could recover for any failure is $1,000.

The legal page lists a Complaints Policy and a Conflict of Interest Policy for DNKR ZA. Both links load the two-page Contract for Difference explainer instead, so neither document is actually published.

Why this matters

If you want to complain to the FSCA-licensed company, the published procedure is not there to follow. The contract sends you to a client services phone number, and the FAIS Disclosure Document is the only place the FAIS Ombud appears.

Exhibit 10WarningRarely seen

A Contract for Difference (CFD) is an over-the-counter (OTC) derivative which enables investors to trade on the exposure created from the price movements of an underlying financial instrument
Quoted in Contract for Difference (CFD)
Downloaded from the broker's site on Open the reference

Our readingA broken link is ordinary. A broken link that quietly substitutes a different document, on the two policies a regulator would ask for first, is not.

Three offshore companies, all answerable only in London

All three FX-EDGE agreements choose the law of England and Wales and give the English courts exclusive jurisdiction. None of the three companies is registered or regulated in England. Clause 25.3 also waives the right to a jury trial.

Where you would sue1 clause flagged

All three FX-EDGE companies put their agreements under the law of England and Wales and give the English courts exclusive jurisdiction. None of the three is registered or regulated there.

Why this matters

Suing a Seychelles or Vanuatu company in London costs more than most disputes are worth. Clause 25.3 also strips out the right to a jury.

Exhibit 11WarningHarder than usual

The Parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with the Contractual Documentation or its subject matter or formation (including non-contractual disputes or claims).
Clause 25.2 in Application Form (Agreement) + T&C, p.30
Read from the broker's site on Open the reference

Buried at section 57 of 70 in the Application Form (Agreement) + T&C, 81% of the way through.

You can deposit and trade before FX-EDGE has finished checking you

The FX-EDGE KYC Policy allows deposits and trading on a partially verified account for 30 days. The withdrawal policy returns deposits made into unverified accounts after 14 days, and clause 1.13 gives the firm 90 business days before the agreement is treated as never concluded. Money can go in, be traded, and come back out before any of that resolves.

Verification1 clause flagged

The KYC Policy lets you deposit and trade on a partially verified account, then closes it after 30 days if a utility bill has not arrived. The withdrawal policy returns deposits made into unverified accounts after 14 days.

Why this matters

Your money can go in, be traded, and be sent back out before the paperwork clears. The agreement also gives FX-EDGE 90 business days to verify you, and says the contract never came into force if it does not.

Exhibit 16WarningHarder than usual30 days

If, for any reason, the client cannot provide us with a recent utility bill during the account opening procedure, he has a thirty-day period to submit the utility bill to the Company. During this period, the account will be considered as a partially verified account and the client is only allowed to make deposits and trading in his account.
Quoted in Know Your Customer (KYC) Policy, p.3
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 0You deposit and trade on a partially verified account.
Day 14Deposits into an unverified account are returned.
Day 30No utility bill means the account is closed and the balance refunded.
Day 90Verification unfinished means the agreement is treated as never concluded.

The firm quoting your price also profits when it moves against you

Clause 2.2 makes FX-EDGE SC the principal on the other side of every trade, and clause 14.3 says it may trade in the same market as you. Clause 3.2 then removes any obligation to get you the best possible result, which the company's own Best Execution Policy promises. The Conflict of Interest Policy has you consent in advance to being dealt with in any way the firm considers appropriate.

Who is on the other side1 clause flagged

Clause 2.2 makes FX-EDGE SC the principal on the other side of every trade you place. Clause 3.2 then says it has no obligation to take reasonable steps to get you the best possible result.

Why this matters

The company setting your price also profits when that price moves against you. Its published Best Execution Policy promises the opposite of clause 3.2, and clause 24.2 says the contract wins.

Exhibit 6WarningHarder than usual

You will enter into each transaction with us as principal and not as agent on behalf of someone else unless otherwise agreed in writing by us.
Clause 2.2 in Application Form (Agreement) + T&C, p.6
Read from the broker's site on Open the reference

Where it sits: section 13 of 70 in the Application Form (Agreement) + T&C, near the start.

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

Firms licensed by the FCA or CySEC owe clients a best execution duty and must disclose when they deal as principal against them. This contract disclaims the duty in the agreement while a separate policy promises it.

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

A thousand dollars a month before you place a trade

Clause 12.6 of the FX-EDGE agreement deducts a minimum monthly fee of $1,000 from your account every month, doubling to $2,000 on the full package. Commission runs at $10 per million traded, so covering the minimum takes about $100 million of volume. A month with no trading costs the full $1,000.

Standing charge1 clause flagged

Clause 12.6 takes a minimum monthly fee of $1,000 from your account every month. It is netted against commission, so a quiet month costs you the shortfall and a dormant month costs the full amount.

Why this matters

You have to trade about $100 million in a month before commission covers the fee. The full package doubles the minimum to $2,000 a month.

Exhibit 14WarningHarder than usual$1000

USD 1000 is minimum monthly fee (“Minimum Fee”) and it will be deducted from your account every month. The Company will net Minimum Fee with total value of commissions generated in a given month.
Clause 12.6 in Application Form (Agreement) + T&C, p.14
Read from the broker's site on Open the reference

Where it sits: section 26 of 70 in the Application Form (Agreement) + T&C, 37% of the way through.

What it costsCommission runs at $10 per million traded. Covering the $1,000 minimum takes $100 million of volume in the month. Trade nothing and the $1,000 still comes out.

Three companies share one brand and one set of documents

FX-EDGE SC LTD holds Seychelles licence SD099, FX-EDGE V LTD is registered in Vanuatu as 700604, and DNKR ZA (Pty) Ltd holds FSCA licence 49288 in South Africa. The Seychelles Best Execution Policy names the Vanuatu company as the Company throughout, and the Seychelles Risk Warning points at the Vanuatu company's General Conditions. DNKR ZA's own FAIS Disclosure names FX-EDGE SC LTD as one of the liquidity providers it passes orders to.

Which company1 clause flagged

The Seychelles Best Execution Policy calls FX-EDGE V LTD the Company throughout, and the Seychelles Risk Warning points you at the Vanuatu company's General Conditions. Several Vanuatu and Seychelles documents open with a South African AML heading.

Why this matters

Which of the three companies owes you the obligation is the only question that matters when you want your money back. These documents do not answer it consistently.

Exhibit 18NoticeHarder than usual

Pursuant to the applicable law, FX-EDGE V LTD (hereinafter the „Company”) is required to take all sufficient steps to act in the best interest of its Clients
Quoted in Best Execution Policy, p.1
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

DNKR ZA promises segregated client money in its policy and removes the duty to segregate in the contract.

Said in public, in English

When you open an account with us, we will hold your money on a segregated basis. This means that we pay each client's money – including deposits and net unrealised profits – into a segregated client bank account (i.e. an account which is separate from our own).

DNKR ZA Client Funds Policy, page 2, published on the legal documents page

In the contract · clause 11.1

Your funds will not be held by us as banker and not as a trustee or agent and we will not be required to place your funds in a segregated client account. As a result, your funds may be used in the course of our business and you will rank as one of our general creditors in relation thereto.

02

The Risk Management Policy promises losses can never exceed the deposit, and the agreement says they can.

Said in public, in English

Our clients may never lose more funds than those deposited in their trading account (i.e. negative balance protection).

DNKR ZA Risk Management Policy, section 4.1.1

In the contract · clause Schedule 2

You may also be liable for losses that exceed the amount of margin you post.

03

The Best Execution Policy promises best execution and clause 3.2 of the agreement disclaims the duty entirely.

Said in public, in English

The Company will take all sufficient steps to obtain the best possible result/outcome (“Best Execution”) for its Clients when receiving, transmitting and executing Client orders

FX-EDGE SC Best Execution Policy, Best Execution Factors

In the contract · clause 3.2

When executing transactions we will not be executing orders on your behalf and accordingly we will not be subject to any obligation to take reasonable steps to obtain the best possible result for you.

04

The site says FX-EDGE onboards no end users while its published KYC policy sets out how individuals are onboarded.

Said in public, in English

FX-Edge does not provide services to retail traders, does not onboard end users and does not accept client funds.

B2B Disclaimer at the foot of the legal documents page

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

In the contract

For individuals: • A copy of Customer valid National ID or Passport with the signature page.

The documents this reading is based on

34 files, all published by FX-EDGE. 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 FX-EDGE publishes.

How this reading was done

Every clause above was read out of a document FX-EDGE publishes itself

This reading was published on .

Documents
27 of 34downloaded from the broker's site, and 27 read in full
Pages opened
22pages walked to find those documents, footer links included
Marketing pages
3public pages set against what the contract says
Position measured
11clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

FX-EDGE SC LTD

Three companies trade as FX-EDGE, and which one you sign with decides what you are owed. FX-EDGE SC LTD is a Seychelles securities dealer, licence SD099. FX-EDGE V LTD is a Vanuatu financial dealer, registration 700604. DNKR ZA (Pty) Ltd is a South African provider, FSCA licence 49288. The Seychelles and Vanuatu companies take the other side of your trades themselves. DNKR ZA does not, and its own FAIS Disclosure Document names FX-EDGE SC LTD as one of the liquidity providers it passes your orders to.

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 whole legal shelf is public, free and two clicks from the footer, with no login. FX-EDGE publishes 34 documents covering all three of its companies. Each arm gets its own best execution policy, complaints procedure and risk warning. The Risk Disclosure is candid where most are not: it admits the firm may hold price information you do not have. Schedule 1 of the agreement prints the commission and the minimum monthly fee in dollars, which many brokers never put in writing.

We could not read six of the 34 documents from the files themselves. We read four of them on FX-EDGE's own site instead. Those four are the Client Funds Policy, the KYC Policy, the Refund Policy and the Risk Disclosure Policy. Every quotation credited to them comes from the document as it renders at fx-edge.com. We did not read the cookie policy or the DNKR ZA privacy policy at all. The FX Global Code statement is a scanned image with no text in it, so nobody read that one either. We got through nine of the eleven pages of the Risk Disclosure Policy. No earlier version of any of these documents exists to compare against, so this is a first reading. The General Conditions and the Price List that the Risk Warning says override it are published nowhere we could find.

How to check any of this yourself

Every quote above links to the FX-EDGE 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 FX-EDGE 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 FX-EDGE 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 19, 2026.

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

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