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Contract reading

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

Every clause below is published by GivTrade 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: Giv Trade Mauritius

sole discretionmarketing contradictionwithdrawalshidden feedeemed acceptanceprofit voidingclient moneydormancyentity mismatchinsolvency

GivTrade's public pages promise no hidden fees, segregated funds, and that you cannot lose more than you deposit. Its contract contradicts all three. The FAQ invites scalping, hedging, arbitrage and trading bots, while the Market Abuse Policy makes those grounds to remove your profits. You get two business days to dispute a trade, and GivTrade does not send statements.

Back to GivTrade

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.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
22
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
11
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
8

How the 22 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical8
Warning11
Notice3

section 29 of 33is where the deepest clause sits, 88% 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.

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.

Critical30 daysProfit at risk. Jump to the clause this comes from.Trades you owe on stand, trades GivTrade owes on are voidedCritical1 working daysWithdrawal limit. Jump to the clause this comes from.A losing open position lets GivTrade refuse your withdrawalCritical2 working daysTime to complain. Jump to the clause this comes from.Two business days to challenge a trade, and no statements sent10 working daysAccount limit. Jump to the clause this comes from.Object to a change and GivTrade suspends your account

What the documents say

22 clauses worth knowing about, worst first, each quoted from GivTrade's own files

01

The risk warning at the foot of every GivTrade page tells you retail clients face no payment obligations beyond the money they put in. The Client Agreement says the opposite. If losses run past your balance, clause 18.3 makes you pay GivTrade the difference.

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 a fast market can take your account below zero. GivTrade can then bill you for money you never deposited, and clause 18.3 says you owe it whether or not anyone asks you first.

Exhibit 1CriticalHarder than usual

If any Loss or debit balance exceeds the total amount of funds or assets held by us for or to your credit, you must immediately pay the outstanding excess to us, whether or not a demand has been made.
Clause 18.3 in Client Agreement - Terms & Conditions, p.24
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ESMA (EU), ASIC (Australia)

Firms licensed by the FCA, and firms across the EU under ESMA rules, must give retail CFD clients negative balance protection, so a retail client can never lose more than the account holds. GivTrade holds neither licence, and its contract makes the excess immediately payable by you.

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

02

GivTrade's FAQ tells you it allows scalping, hedging, arbitrage, expert advisors and algorithms. Its Market Abuse Policy lists arbitrage, hedging between futures and spot, and trading bots among the practices it forbids. Break one and GivTrade can take your profits.

Why this matters

You can choose GivTrade because it says your strategy is welcome, trade it for months, then find that same strategy named in the policy that lets GivTrade strip what you made. GivTrade alone decides which description fits you.

Exhibit 2CriticalHarder than usual

Hedging Between Futures and Spot Markets: Engaging in simultaneous opposing positions in futures and spot markets to exploit market inefficiencies.
Clause 4.1 in Market Abuse Policy & Acknowledgment, p.4
Read from the broker's site on Open the reference

Where it sits: section 23 of 52 in the Market Abuse Policy & Acknowledgment, 44% of the way through.

  • Worse together with Exhibit 7The public invitation supplies the conduct and the profit removal clause supplies the penalty for it.
03

Where GivTrade believes you breached its market abuse rules, clause 31.3 splits your trades in two. Trades leaving you owing GivTrade are enforced. Trades leaving GivTrade owing you are void until you prove your innocence within 30 days.

Why this matters

One suspicion, and you keep every loss while every win disappears. GivTrade proves nothing: you have 30 days to produce conclusive evidence that you did nothing wrong, or the winning trades stay cancelled.

Exhibit 3CriticalRarely seen30 days

Enforce the Transaction(s) against you if it is a Transaction(s) resulting in you owing us funds.
Clause 31.3(a) in Client Agreement - Terms & Conditions, p.39
Downloaded from the broker's site on Open the reference

What it costsSay the trades in question left you $4,000 down on some and $9,000 up on others. GivTrade can collect the $4,000 and hold back the $9,000.

Our readingThe same alleged breach produces opposite outcomes depending on which way the money flows. Contracts normally void a tainted trade in both directions, or in neither. Splitting them by who profits turns a conduct rule into a one way filter on payouts.

  • Worse together with Exhibit 7One clause cancels the winning trades and the other removes the profits, both on GivTrade's own view of what you did.
04

GivTrade advertises withdrawals inside one working day. Clause 12.2 lets it withhold, cut or refuse any withdrawal at its sole and absolute discretion, and the first ground listed is that you hold an open position showing a loss.

Why this matters

Hold one trade that is down, and GivTrade has a written reason to keep your cash. Clause 12.2(d) adds another: while you are in dispute with GivTrade, your money stays where it is.

Exhibit 4CriticalRarely seen1 working days

We reserve the right, at our sole and absolute discretion, to withhold, deduct, or decline a withdrawal or transfer (in whole or in part) under the following circumstances: (a) You have Open Positions on the Account reflecting a Loss.
Clause 12.2 in Client Agreement - Terms & Conditions, p.18
Downloaded from the broker's site on Open the reference

Our readingMost client agreements gate a withdrawal on free margin, so a well funded account can always pay out. This one adds any open position showing a loss as a separate ground, which can be true while your margin is comfortable.

  • Worse together with Exhibit 9GivTrade can refuse the payout, and you have already given up the card chargeback that would be your other route to the money.
05

The FAQ tells you your funds sit in segregated accounts to protect your assets. Clause 19.1 promises to segregate client money only wherever reasonably practicable, and clause 19.2 warns that in an insolvency you may hold nothing better than a claim against the estate.

Why this matters

The word protect is doing work the contract does not support. If GivTrade fails, clause 19.2 says a liquidator may refuse to treat the money in your account as yours, and you join the queue of ordinary creditors.

Exhibit 6CriticalHarder than usual

It is our standard practice to segregate client funds from our own funds wherever reasonably practicable.
Clause 19.1 in Client Agreement - Terms & Conditions, p.24
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must hold retail client money in segregated accounts as a rule, reconcile it daily, and belong to a compensation scheme that pays out if the firm fails. GivTrade promises segregation only so far as it is reasonably practicable.

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

06

GivTrade tells you on its homepage and in its FAQ that it charges nothing on deposits and withdrawals. Clause 12.1(f) makes you liable for any fees GivTrade imposes on your payment method, and clause 11.9(c) lets it invent new charges whenever it likes.

Why this matters

Money can leave your balance under a heading that did not exist when you signed up. GivTrade can set the charge as a flat sum, a percentage or an hourly rate, and clause 11.8 lets it take the money straight from your account.

Exhibit 5WarningHarder than usual

These expenses may be charged as a fixed amount based on actual costs, a percentage, or an hourly rate reflecting the in-house service provided. We may use a combination of these calculation methods and reserve the right to introduce new expenses.
Clause 11.9(c) in Client Agreement - Terms & Conditions, p.17
Downloaded from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose all costs and charges to a retail client before that client trades, then show them again in total afterwards. This contract reserves the right to introduce new expenses instead.

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

Two business days to object, and the evidence is GivTrade's

Clause 10.5 gives you two business days from a trade appearing in the system to object in writing, after which GivTrade's record is conclusive and binding. Clause 10.4 says GivTrade will not send you monthly statements. Clause 27.6 makes an officer's certificate conclusive evidence of what you owe, and clause 9.2 rules out comparing prices at other brokers if you complain. Funding by card waives your chargeback rights for good.

Challenging a trade3 clauses flagged

You have two business days to object in writing once a trade shows up in the system. After that clause 10.5 makes GivTrade's record binding on you. Clause 10.4 also says GivTrade will not send you monthly statements, so finding the error is your job.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

Miss a couple of days and a wrong fill becomes final. Nothing lands in your inbox to prompt you, and clause 10.5 says your failure to receive or open a statement does not excuse a late objection.

Exhibit 8CriticalHarder than usual2 working days

Statements and confirmations of Transactions shall, in the absence of Manifest Error, Abusive Trading Strategies or grossly obvious inaccuracies, be conclusive and legally binding on you, unless we receive from you an objection in writing within two (2) Business Days of the Transaction appearing in the System.
Clause 10.5 in Client Agreement - Terms & Conditions, p.15
Downloaded from the broker's site on Open the reference

What it costsA trade that appears on a Monday is binding from Wednesday. Two working days later there is nothing left to argue about.

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

Firms licensed by the FCA and CySEC must send retail clients periodic statements of their holdings and activity without being asked. GivTrade says it will not send monthly statements and leaves you to generate them.

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

  • Worse together with Exhibit 10The window closes in two days, and after it closes GivTrade's own officer can certify what you owe as conclusive.

By funding your account with a card, you promise never to ask your card issuer for a chargeback. Clause 11.5(c) says you give up that right for good, no matter what you lose and no matter how unhappy you are with GivTrade.

Why this matters

A chargeback is the one route to your money that does not need GivTrade's agreement. You hand it over before anything goes wrong, so if a withdrawal is refused your bank is no longer a way back.

Exhibit 9CriticalHarder than usual

You agree and undertake not to enter into or initiate any chargeback transaction with your Card issuer and irrevocably and unconditionally forfeit any future claims to make such chargeback regardless of the Losses incurred in your Account, or your overall satisfaction with the services provided to you in relation to your trading activities.
Clause 11.5(c) in Client Agreement - Terms & Conditions, p.16
Downloaded from the broker's site on Open the reference
  • Worse together with Exhibit 13Card money can only return to the card, and the one way to force that return has already been waived.

Clause 27.6 makes a certificate signed by a GivTrade officer conclusive evidence of your debt in any legal proceedings. Clause 9.2 then rules out the obvious check on it: prices at other brokers or banks will not be considered if you complain.

Why this matters

GivTrade sets the price, states what you owe, and its own paperwork proves it. You cannot point at another broker's chart to show the fill was wrong, because the contract says that comparison does not count.

Exhibit 10WarningRarely seen

For all purposes, including legal proceedings, a certificate issued by any of our officers stating the liabilities currently owed to us or any member of the GIV shall be conclusive evidence, in the absence of manifest error.
Clause 27.6 in Client Agreement - Terms & Conditions, p.36
Downloaded from the broker's site on Open the reference

Our readingAn officer's certificate treated as conclusive evidence is a commercial lending device, used between banks and corporate borrowers. In a retail trading agreement it makes the firm's own arithmetic very hard to contest.

GivTrade decides alone whether your profit was earned

Clause 31.3 enforces the trades where you owe GivTrade and voids the trades where GivTrade owes you, until you supply conclusive evidence of innocence within 30 days. The Market Abuse Policy lets GivTrade remove profits, adjust your balance and hold your withdrawal, whether the trading was intentional or not. GivTrade determines what counts as abusive at its sole discretion.

Keeping what you win1 clause flagged

Where GivTrade decides your trading was abusive, it can cancel the trades, remove the profits, adjust your balance and hold your withdrawal while it investigates. The policy says this applies whether you meant it or not, and GivTrade alone makes the call.

Why this matters

Your winnings can be taken on a judgement you cannot see and did not agree to. GivTrade says it may use internal analytics, historical data, market behaviour or any other information it holds, and it need not tell you first.

Exhibit 7CriticalHarder than usual

You understand and accept that the Company will determine, at its sole discretion, whether your trading activity falls under abusive practices. This determination may be based on internal analytics, historical data, market behavior, or any other information available to the Company.
Clause 7.4 in Market Abuse Policy & Acknowledgment, p.6
Read from the broker's site on Open the reference

Buried at section 45 of 52 in the Market Abuse Policy & Acknowledgment, 87% of the way through.

  • Worse together with Exhibit 4The same suspicion that removes the profit also freezes the payout, so you cannot take out what is left while it runs.

Four promises on GivTrade's pages that its own contract takes back

GivTrade's footer tells retail clients they owe nothing beyond their deposit, and clause 18.3 makes the excess immediately payable. Its FAQ says funds sit in segregated accounts to protect your assets, and clause 19.1 promises segregation only wherever reasonably practicable. The FAQ also welcomes arbitrage, hedging and trading bots that the Market Abuse Policy forbids. The homepage title advertises an SCA licence that appears in no document.

Promise and contract2 clauses flagged

The homepage says a swap-free account gives you the same spreads, execution and market access. The swap-free terms remove spot indices, energies and commodities, and still charge overnight swaps on exotic currencies and stocks.

Why this matters

You convert the account expecting interest free trading across the same markets, and lose three whole asset classes. On exotics and stocks the overnight charge you were avoiding still applies.

Exhibit 15WarningHarder than usual

Cash (Spot) Indices, Cash (Spot) Energies, and Commodities are not available.
Clause 5 in Terms & Conditions of Swap-Free Account, p.3
Read from the broker's site on Open the reference

The title of GivTrade's English homepage, the line search engines show, calls it an SCA licensed broker. Every legal document names one regulator only: the Mauritius Financial Services Commission, licence GB22201329.

Why this matters

You may pick GivTrade believing a Gulf regulator stands behind your account. The company you contract with is registered in Mauritius, and no document in the set mentions the SCA or gives you an entity in the UAE to claim against.

Exhibit 16WarningHarder than usual

Giv Trade Mauritius registered in Mauritius under Registration Number 197387, authorized and regulated by the Financial Services Commission (FSC) under License No. GB22201329.
Quoted in Client Agreement - Terms & Conditions, p.2
Downloaded from the broker's site on Open the reference
Our own capture of givtrade.com, taken on Sep 17, 2026The claim, on HTML page title of the English homepage, shown in search results and the browser tabThis 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

Every withdrawal is a decision GivTrade can decline

GivTrade advertises payouts within one working day, and clause 12.2 lets it withhold, cut or refuse any withdrawal at its sole and absolute discretion. Holding an open position that shows a loss is the first ground listed, and being in dispute with GivTrade is another. Card deposits can leave only by returning to the same card, and clause 11.5(b) says GivTrade will only accept requests to withdraw profits.

Getting money out1 clause flagged

Fund your account with a card and clause 11.5(b) says that money can leave only by returning to the same card. It then adds that GivTrade will only accept requests to withdraw profits from the account.

Why this matters

If your card has expired, been replaced or closed, the route your deposit must travel no longer exists. Clause 11.9(b) repeats the profits only restriction, so getting your original deposit out is not a step the contract describes.

Exhibit 13WarningHarder than usual

you understand that, unless otherwise agreed by us, any payments made into your Account by Card may not be subsequently withdrawn by cash, wire, cheque or other means and may only be returned to the Card. Accordingly, we will only accept requests to withdraw profits from the Account.
Clause 11.5(b) in Client Agreement - Terms & Conditions, p.16
Downloaded from the broker's site on Open the reference

Objecting to a change costs you the account

GivTrade can amend the contract by posting a notice, and after ten business days you are treated as having accepted it. Object and clause 34.2 suspends your account and requires you to close every position and leave. Fourteen days of failed contact lets GivTrade terminate, sell your holdings and leave the balance as a paper draft at a branch. The Execution Policy that governs how positions are closed out is not published.

Exit conditions3 clauses flagged

GivTrade can change the contract by posting a notice on its website. Say nothing for ten business days and you are bound. Object, and clause 34.2 suspends your account and requires you to close every position and leave.

Why this matters

Your only way to reject a change is to stop being a client. If you do not close your positions in what GivTrade calls a reasonable period, it closes them for you without further notice.

Exhibit 12WarningHarder than usual10 working days

If you do object, the amendment will not be binding on you; however, your Account will be suspended, and you will be required to close all Open Positions within a reasonable period.
Clause 34.2 in Client Agreement - Terms & Conditions, p.41
Downloaded 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
NoticeGivTrade emails you or publishes the amended terms on its website.34.1
10 business daysYou are treated as having accepted the change, whether you read it or not.34.1
If you objectGivTrade suspends your account and you must close all open positions.34.2
After settlementYou withdraw what is left and close the account.34.2

If GivTrade cannot reach you on your last known details for fourteen days in a row, clause 35.6 lets it end the contract without notice, sell what you hold, and put any remaining money into a demand draft held at a branch for you to collect.

In plain words

Dormancy means an account left unused.

Why this matters

Change your phone or miss emails during a holiday and your positions can be sold. Collecting a paper draft from a branch is not something most clients of an online broker in Mauritius can do.

Exhibit 20WarningRarely seen14 days

we shall also be entitled to terminate these Terms without further notice if, despite reasonable efforts, we have been unable to contact you using your last known contact details for a continuous period of fourteen (14) days.
Clause 35.6 in Client Agreement - Terms & Conditions, p.42
Downloaded from the broker's site on Open the reference

Our readingDormancy clauses usually run for months and pay out electronically. Fourteen days of failed contact, followed by liquidation and a paper draft held at a branch, is a mechanism built for local banking rather than online clients abroad.

The Client Agreement folds an Order Execution Policy and a Trading Condition document into your contract, and clause 15.6 sends you to the Execution Policy for how GivTrade liquidates your positions. Neither document appears on the regulatory documents page.

Why this matters

You agreed to terms you cannot read. The rules for the moment your positions are closed out sit in a document GivTrade does not publish.

Exhibit 21NoticeHarder than usual

You acknowledge and accept that we operate an automatic closing function on a non-managed basis to protect your Account. For more information on our liquidation procedures, please refer to the Execution Policy.
Clause 15.6 in Client Agreement - Terms & Conditions, p.21
Downloaded from the broker's site on Open the reference

GivTrade can set off your balance against companies it never names

Clause 18.2 lets GivTrade set off losses against any account you hold with any member of the GIV, at any time and without notice. The contract defines that group as GivTrade's successors, assigns and any affiliated or connected persons, and lists no company anywhere. Clause 32.7 extends GivTrade's liability exclusions to every one of those unnamed entities.

Who you face1 clause flagged

Clause 18.2 lets GivTrade set off losses against any account you hold with any member of the GIV, without notice. The contract defines that group as GivTrade's successors, assigns and any affiliated or connected persons, and never lists a single company.

In plain words

Indemnities are money it says you owe it.

Why this matters

You cannot check what you are exposed to, because the other side of the group is not named anywhere in the document set. Clause 32.7 gives every one of those unnamed companies the benefit of GivTrade's liability exclusions too.

Exhibit 14WarningRarely seen

we reserve the right, at any time and without prior notice, to set off any Losses incurred by us in connection with your Account or trading activities against: (a) any account (including any joint, corporate, or other account) that you hold with us or with any member of the GIV, in which you have a legal or beneficial interest
Clause 18.2 in Client Agreement - Terms & Conditions, p.24
Downloaded from the broker's site on Open the reference

Our readingSet-off across a named group of companies is ordinary. A group defined as any affiliated or connected person, with no list and no way to check it, leaves you unable to know which entities can reach your balance.

A name mismatch on a card freezes the account, with no deadline

GivTrade's Withdrawal Policy freezes the account, holds the withdrawal and refers the case to Compliance and Legal where the cardholder name does not match the client name. No time limit is placed on that investigation. A withdrawal missing requested documents is cancelled rather than paused, and you have to submit it again from the start.

Verification holds1 clause flagged

If the cardholder name does not match your name, the Withdrawal Policy freezes your account, holds the withdrawal and sends the case to Compliance and Legal. No deadline is given for that investigation.

Why this matters

A card in a spouse's name, or a middle name your bank records differently, stops everything. The contract does not say how long the review takes or what ends it.

Exhibit 19WarningHarder than usual

If the provided card number and cardholder's name do not match the client's name, the client's account will be frozen, the withdrawal request will be put on hold, and the case will be referred to the Compliance and Legal Department for further investigation.
Clause 3 in Withdrawal & Refund Policy, p.3
Read from the broker's site on Open the reference

GivTrade may take the other side of your trade and profit from your loss

GivTrade's Conflicts of Interest Policy states that the company may act as principal and profit if the client incurs a loss, and that its profitability can depend on client losses. Section 6 has you authorise GivTrade to manage your account as it sees fit even where its own interests are involved, without consulting you. Clause 21.2 adds that GivTrade need not account to you for what it earned.

Whose side1 clause flagged

The Conflicts of Interest Policy says GivTrade may act as the other side of your trades and profit when you lose. Section 6 then has you authorise GivTrade to run your account as it sees fit even where its own interests are involved, without asking you.

Why this matters

The firm holding your money can gain from your losses, and you agreed to that the moment you opened the account. Clause 21.2 adds that GivTrade need not tell you what it earned from your trade.

Exhibit 11WarningHarder than usual

Furthermore, the Client authorizes GIV Trade to manage their account in any manner deemed appropriate by the Company, even if such management involves Conflicts of Interest or the Company's own interests in a transaction, without prior consultation with the Client.
Clause 6 in Conflicts Of Interest Policy, p.8
Read from the broker's site on Open the reference

Buried at section 29 of 33 in the Conflicts Of Interest Policy, 88% of the way through.

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

Firms licensed by the FCA and CySEC must prevent or manage conflicts first, and may fall back on disclosure only when management is not enough. Here disclosure is paired with advance consent to act in a conflict without consulting you.

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

No compensation scheme, and rulebooks drawn from other countries

GivTrade's Risk Disclosure says on its first page of content that you deal with the company at your own risk and no statutory compensation arrangement protects you. You contract with Giv Trade Mauritius, registration 197387, under Mauritius FSC licence GB22201329. The Market Abuse Policy nonetheless requires you to comply with Lebanese law and Capital Markets Law No. 161, and the Conflicts policy claims compliance with MiFID II.

Who backs the money2 clauses flagged

The Risk Disclosure states it directly: you deal with GivTrade at your own risk and no statutory compensation arrangement protects you, in any event whatsoever. It sits on the first page of content, not buried.

Why this matters

If GivTrade fails, no fund reimburses you. That is the gap clause 19.2 describes, where a liquidator may not recognise the money in your account as yours.

Exhibit 17WarningStandard wording

Every Customer should deal with the Company at their own risks and shall not be protected by any statutory compensation arrangements in any event whatsoever.
Clause 1 in Risk Disclosure Policy, p.3
Read from the broker's site on Open the reference

Where it sits: section 4 of 35 in the Risk Disclosure Policy, near the start.

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

Firms licensed by the FCA and CySEC belong to compensation schemes that pay eligible retail clients if the firm fails, up to a set limit. GivTrade tells you no statutory compensation arrangement applies.

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

The Market Abuse Policy requires you to comply with Lebanese law, naming Capital Markets Law No. 161, alongside MiFID II, Basel III and EMIR. The Conflicts of Interest Policy says GivTrade complies with MiFID II. None of those govern a Mauritius licensed company.

In plain words

Remuneration means payments it receives.

Why this matters

The documents you agree to were drafted for somewhere else. The rules they tell you to follow are not the rules that apply, which makes it harder to work out what GivTrade actually owes you.

Exhibit 18NoticeRarely seen

Clients must fully comply with all applicable Lebanese and international laws, regulations, and standards governing financial markets and trading activities. This includes, but is not limited to, adherence to Capital Markets Law No. 161, MiFID II, Basel III, EMIR, and all applicable Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) regulations.
Clause 6.1 in Market Abuse Policy & Acknowledgment, p.5
Read from the broker's site on Open the reference

Buried at section 36 of 52 in the Market Abuse Policy & Acknowledgment, 69% of the way through.

Our readingOffshore brokers often copy European wording. Naming a specific national statute from a third country, and requiring clients to obey it, points to a document set reused from another firm rather than written for this licence.

GivTrade charges nothing for sitting still, and the rule is not in the contract

An account with $5 or less and no activity for 120 days is archived, and the balance moves to your wallet. GivTrade publishes that on its FAQ page and in none of its eleven legal documents. No inactivity fee appears anywhere in the contract, which puts GivTrade ahead of most brokers on this point.

Dormant accounts1 clause flagged

GivTrade archives an account after 120 days of no activity where the balance is $5 or less, and moves the balance to your wallet. That rule appears on the FAQ page only. No legal document in the set mentions dormancy or inactivity.

Why this matters

Nothing is charged and your money is kept, which is better than most brokers offer. Because the rule sits outside the contract, GivTrade can change the day count or add a fee without the ten business days notice clause 34.1 would require.

Exhibit 22NoticeStandard wording120 days

We may amend these Terms and any arrangements made hereunder at any time by providing written notice to you, which may include publishing the amended Terms on our website or sending you an email.
Clause 34.1 in Client Agreement - Terms & Conditions, p.41
Downloaded 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 footer tells retail clients they owe nothing beyond their deposit, while the contract makes the excess immediately payable.

Said in public, in English

Retail clients who maintain account(s) with GivTrade could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds, but professional clients and eligible counterparty clients could sustain losses in excess of deposits.

Risk warning in the footer of the English homepage

In the contract · clause 18.3

If any Loss or debit balance exceeds the total amount of funds or assets held by us for or to your credit, you must immediately pay the outstanding excess to us, whether or not a demand has been made.

02

The FAQ advertises arbitrage, hedging and algorithms as allowed, while the Market Abuse Policy forbids them and attaches profit removal to them.

Said in public, in English

GivTrade provides you with low spreads starting from 0.0 pips and ultra-fast execution speed of 0.15 second on average. Fast and secure funding methods which are processed instantly while withdrawals are processed within one working day. We have no restrictions on trading and no requotes. We also allow scalping, hedging, arbitrage, EAs and algorithms.

FAQ answer to What are the advantages of trading with GivTrade?

In the contract · clause 5.6

Using trading bots (automated execution tools designed to execute trades based on pre-set strategies or algorithms), algorithms, or systems designed to exploit delays in price feeds or execution processes is strictly forbidden.

03

The FAQ promises no charges on payments, while the contract makes you liable for any fee GivTrade attaches to your payment method.

Said in public, in English

GivTrade has a zero fees policy on deposits and withdrawals

FAQ answer to Do you have any charges on deposits and withdrawals?

In the contract · clause 12.1(f)

You are responsible for all third-party electronic transfer fees, telegraphic transfer fees, and any other bank charges, as well as any fees imposed by us based on your selected payment method.

04

The Arabic homepage promises no hidden fees, while the English contract reserves the right to introduce new expenses at any time.

Said in public, in Arabic

بدون رسوم مخفية، وبدون شروط غير واضحة.

Word for word in English: No hidden fees, and no unclear terms.

Arabic homepage, Classic account panel beside the $100 minimum deposit

In the contract · clause 11.9(c)

These expenses may be charged as a fixed amount based on actual costs, a percentage, or an hourly rate reflecting the in-house service provided. We may use a combination of these calculation methods and reserve the right to introduce new expenses.

05

The FAQ states funds are held in segregated accounts, while the contract promises segregation only where it is reasonably practicable.

Said in public, in English

GivTrade Ltd. Registration No. 197387, is regulated as an Investment Dealer by the Mauritius Financial Services Commission (FSC) License No. GB22201329. As such, our internal systems are in compliance with the FSC regulations, which means that your funds are held in segregated accounts to protect your assets.

FAQ answer to Will my funds be protected at GivTrade?

In the contract · clause 19.1

It is our standard practice to segregate client funds from our own funds wherever reasonably practicable.

06

One working day is promised without qualification, while the contract lets GivTrade refuse the payout outright if any open position is showing a loss.

Said in public, in English

We process all withdrawal requests within one working day.

FAQ answer to How fast do you process my withdrawals?

In the contract · clause 12.2

We reserve the right, at our sole and absolute discretion, to withhold, deduct, or decline a withdrawal or transfer (in whole or in part) under the following circumstances: (a) You have Open Positions on the Account reflecting a Loss.

07

The homepage promises the same market access on a swap-free account, while the swap-free terms withdraw three asset classes.

Said in public, in English

Same Trading Conditions

Swap-free panel on the English homepage, above the line Same spreads, execution, and market access.

In the contract · clause 5

Cash (Spot) Indices, Cash (Spot) Energies, and Commodities are not available.

08

The homepage title advertises an SCA licence, while the contract names the Mauritius FSC as the only regulator of the company you deal with.

Said in public, in English

Forex & CFD Trading — SCA-Licensed MT5 Broker · GivTrade

HTML page title of the English homepage, shown in search results and the browser tab

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

In the contract · clause Terms of Business, opening paragraph

Giv Trade Mauritius registered in Mauritius under Registration Number 197387, authorized and regulated by the Financial Services Commission (FSC) under License No. GB22201329.

The documents this reading is based on

11 files, all published by GivTrade. 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 GivTrade publishes.

How this reading was done

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

This reading was published on .

Documents
7 of 11downloaded from the broker's site, and 7 read in full
Pages opened
22pages walked to find those documents, footer links included
Marketing pages
5public pages set against what the contract says
Languages
AR vs ENthe language it advertises in, against the language it contracts in
Position measured
5clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Giv Trade Mauritius

Every legal document names the same counterparty: Giv Trade Mauritius, Registration Number 197387, licensed by the Mauritius Financial Services Commission under GB22201329, at a c/o address held by Credentia International Management Ltd. The brand spells itself three ways in public. The FAQ says GivTrade Ltd, the footer copyright says GivTrade, LLC, and the PDFs say Giv Trade Mauritius. Whichever name you read, you contract with the Mauritius company. No document mentions the UAE regulator named in the homepage title, and no document names another GivTrade entity you could claim against.

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

GivTrade puts all eleven legal documents on one public page, free and with no login. Most brokers scatter them or hide them behind registration. Its Conflicts of Interest Policy admits in plain words that the firm may profit when you lose. Clause 24.9 stops an account manager moving your money outside your own accounts. There is no bonus scheme, no turnover lock and no inactivity fee: a dormant account keeps its balance and can be reactivated. The Withdrawal Policy states plainly that GivTrade charges no withdrawal fee of its own.

We read the Client Agreement as far as clause 36. Clauses 37 to 43 we did not read, so this reading says nothing about governing law, which courts decide a dispute, or the defined terms. Two documents on the regulatory page we could not open: the Restricted Countries list and the Overnight Charges (Swaps) List. We therefore cannot say which countries GivTrade turns away or what holding a position overnight costs. Several paragraphs of the Privacy Policy are unreadable in the published file, and we quote only the parts that render cleanly. No earlier version of any document is available, so this is a first reading with nothing to compare against. The SCA wording we quote sits in the homepage title rather than in the text of the page.

How to check any of this yourself

Every quote above links to the GivTrade 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 GivTrade 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 GivTrade 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 17, 2026.

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

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