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Contract reading

What MAONO GLOBAL MARKETS legally published, but does not want you to read

Every clause below is published by MAONO GLOBAL 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: RocketX (Pty) Ltd

missing documentdeemed acceptancesole discretiondispute barrierhidden feeprofit voidingunilateral amendmentaccount closurebonus lockclient agreement

Maono Global Markets says the Client Agreement with RocketX (Pty) Ltd is the contract that binds you. That file is not on the site: the link on its own legal documents page returns an error. What is published names three different companies as the other side of your trade, and not one document sets any withdrawal term, while all four account cards promise instant withdrawals.

Back to MAONO GLOBAL MARKETS

Contract risk

Money at risk
7.5/10

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.
14
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.
3

How the 14 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
Warning8
Notice1

section 20 of 21is where the deepest clause sits, 95% 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.

Critical5Profit at risk. Jump to the clause this comes from.Trades voided where Maono suspects scalpingCritical3In the contract. Jump to the clause this comes from.Three companies named as your counterpartyCritical500Account limit. Jump to the clause this comes from.Positions closed without notice, and you owe the shortfall125%Bonus requirement. Jump to the clause this comes from.Bonus accounts sold with no bonus terms

What the documents say

14 clauses worth knowing about, worst first, each quoted from MAONO GLOBAL MARKETS's own files

01

Every policy Maono Global Markets publishes says the Client Agreement with RocketX (Pty) Ltd is the contract you are bound by. The legal documents page links to it as TERMS & CONDITIONS. That link returns an error page, so the agreement cannot be read.

Why this matters

You are asked to accept terms nobody can see. Where the Risk Policy or the FAIS Disclosure conflicts with that missing agreement, the missing agreement wins, so the documents you can read are not the ones that decide your case.

Exhibit 1CriticalRarely seen

In the event of any conflict or inconsistency between this Policy and the Client Agreement, the Client Agreement shall prevail to the extent of such conflict or inconsistency, save where this Policy expressly provides otherwise or where Applicable Law requires a different outcome.
Clause 1.2.6 in RISK POLICY Maono Global Markets (Pty) Ltd
Read from the broker's site on Open the reference
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026The contract that binds you is not published (clause 1.2.6)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 4 of 27 in the RISK POLICY Maono Global Markets (Pty) Ltd, near the start.

Our readingBrokers normally publish the client agreement and put the policies beside it. Here the one file that overrides all the published policies is the one file that is missing.

02

All four Maono Global Markets account cards say withdrawals are instant. No document the firm publishes sets a withdrawal timeframe, a fee, a minimum or any duty to pay you. Withdrawal appears in the Terms and Conditions once, in the list of definitions, and never again.

Why this matters

You have nothing to hold Maono to. With no clause naming a deadline, a payout that never comes breaks no term you agreed to, and no stated ground exists on which to challenge a refusal.

Exhibit 3CriticalRarely seen

Withdrawal: The process of transferring funds from the client's forex trading account to their designated bank account or payment method.
Clause Definitions, item 43 in TERMS AND CONDITIONS, p.5
Read from the broker's site on Archived copyOpen the reference
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026The claim, on Account Types page, printed on all four account cardsVisit this page on the broker's siteDownload the full size image file
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026What the contract says, clause Definitions, item 43Visit this page on the broker's siteDownload the full size image file

Where it sits: section 3 of 21 in the TERMS AND CONDITIONS, near the start.

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

Firms licensed by the FCA or CySEC must give a retail client the terms of the service in writing before they trade, including how and when money is returned. Maono's published documents set no withdrawal terms at all.

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

Our readingA retail trading contract normally gives withdrawals a section of their own, with timings and methods. Here the subject exists only as a dictionary entry.

  • Only applies after Exhibit 1Withdrawal terms would normally sit in the client agreement, and that is the document the site cannot serve.
03

Closing a position within 15 minutes of opening it counts as scalping in Maono Global Markets' Terms and Conditions. If Maono reasonably suspects scalping it can void the trades, close your account and cut your access to the servers. Five strategies are banned outright, including hedging and any use of trading robots.

Why this matters

A profit you have already made can be cancelled on a suspicion, and the contract sets no test, no evidence standard and no appeal. Maono can do this even where voiding the trade leaves you with a loss.

Exhibit 4CriticalHarder than usual5

Scalping: Means a form of trading strategy through which the Client performs and/or tries to perform numerous transactions on small price changes (5 pips average or less within 24 hours trading period) or in very short timeframes (closing a trading position within 15 minutes of opening).
Clause Definitions, item 36 in TERMS AND CONDITIONS, p.4
Read from the broker's site on Archived copyOpen the reference
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026Trades voided where Maono suspects scalping (clause Definitions, item 36)Visit this page on the broker's siteDownload the full size image file

Buried at section 14 of 21 in the TERMS AND CONDITIONS, 67% of the way through.

  • Worse together with Exhibit 5Bonus arbitrage is banned in the same list and defined nowhere, while the bonus accounts it would apply to have no published terms.
04

Who takes the other side of your trade depends on which Maono Global Markets document you open. The November 2025 policies say RocketX (Pty) Ltd. The Terms and Conditions say Neo Brokers Namibia Pty Ltd of Windhoek, then name Maono Global Markets in the next sentence.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

If your money does not arrive, you have to name the company that owes it. Two of the three are South African and one is Namibian, which decides your regulator and your court.

Exhibit 2CriticalRarely seen3

In using the services, you agree to be bound by the client agreement which is entered into and binding between you (the Client) and Neo Brokers Namibia Pty Ltd. In using the services, you agree to be bound by the client agreement which is entered into and binding between you (the Client) and Maono Global Markets.
Clause Disclaimer in TERMS AND CONDITIONS, p.1
Read from the broker's site on Archived copyOpen the reference
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026The claim, on Terms and Conditions page on the broker's site, disclaimer textVisit this page on the broker's siteDownload the full size image file
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026What the contract says, clause DisclaimerVisit this page on the broker's siteDownload the full size image file

Where it sits: section 2 of 21 in the TERMS AND CONDITIONS, near the start.

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

Firms licensed by the FCA or CySEC must tell a retail client, before they trade, which legal entity they are contracting with. Maono's published documents give three answers.

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

Our readingThe Terms and Conditions name two different companies in consecutive sentences of the same paragraph. That is not a naming habit, it is an unresolved question about who holds your money.

  • Worse together with Exhibit 1The one document that would settle which company you contracted with is the one that cannot be downloaded.
05

Miss a margin call and Maono Global Markets can close your open positions automatically, with no notice first. If closing them leaves a deficit, the Risk Policy says you are liable for it. Maono advertises leverage of 1:500, which is 500 times your own money at work.

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

You can end up owing this broker money after your account is empty. Nothing in the documents we read caps your loss at the amount you deposited.

Exhibit 6CriticalHarder than usual500New

Failure to meet Margin Calls within the required timeframe may result in some or all of the Client's open positions being closed automatically, without prior notice, and the Client will be liable for any resulting deficits.
Clause 4.6.3 in RISK POLICY Maono Global Markets (Pty) Ltd
Read from the broker's site on Open the reference
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026Positions closed without notice, and you owe the shortfall (clause 4.6.3)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 13 of 27 in the RISK POLICY Maono Global Markets (Pty) Ltd, 48% of the way through.

What it costsAt 1:500, $1,000 of your own money controls a $500,000 position. A move of 0.2% against that position wipes out the $1,000.

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

Firms licensed by the FCA, in the EU under ESMA rules, or by ASIC must give retail clients negative balance protection, so a client can never lose more than the money in the account. The same regimes cap retail forex leverage at 1:30. This Risk Policy says you are liable for any resulting deficits.

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

06

Maono Global Markets sells a 125% bonus account and a 100% bonus account. No bonus terms exist in any document it publishes. The only mention of a bonus in the Terms and Conditions is bonus arbitrage, which is banned and never defined.

Why this matters

You cannot find out what the bonus costs you until after you take it: no turnover rule, no lock on your own deposit and no withdrawal condition is written down anywhere you can read.

Exhibit 5WarningRarely seen125%

If the Company reasonably suspects the Client of engaging in market abuse, such as scalping, it will be considered a breach of the Agreement.
Clause Prohibited Trading Strategies / Market Abuse in TERMS AND CONDITIONS, p.11
Read from the broker's site on Archived copyOpen the reference
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026The claim, on Account Types page, account card headingThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026What the contract says, clause Prohibited Trading Strategies / Market AbuseVisit this page on the broker's siteDownload the full size image file
Our own capture of maonoglobalmarkets.com, taken on Aug 25, 2026Bonus accounts sold with no bonus terms (clause Prohibited Trading Strategies / Market Abuse)Visit this page on the broker's siteDownload the full size image file

Buried at section 14 of 21 in the TERMS AND CONDITIONS, 67% of the way through.

What it costsA $1,000 deposit into the 125% bonus account is credited with a further $1,250. Nothing published says what you must do before that $1,250, or the profit made with it, can be withdrawn.

Our readingBrokers offering a deposit bonus almost always publish bonus terms, because the turnover requirement is what makes the offer work. Here the offer is on the account page and the rules are absent.

The price list is part of the contract and is not published

Maono Global Markets makes a Costs and Fees schedule part of your agreement and publishes it nowhere. Fees can change on 15 business days of notice, or with none where Maono decides notice is impractical. The fee terms sit in the section headed Miscellaneous, second from last in the Terms and Conditions.

Cost disclosure1 clause flagged

Maono Global Markets' Terms and Conditions make a document called Costs and Fees part of your agreement. That document appears nowhere on the site. Fees can be changed on 15 business days of notice, or with no notice where Maono decides notice is impractical.

Why this matters

You agree to a price list you cannot see. The fee terms themselves sit in the section titled Miscellaneous, second from last in the document.

Exhibit 8WarningHarder than usual15 working days

Agreement: This Client Agreement along with any appended documents, such as "Costs and Fees" and "Contract Specifications," subject to amendments.
Clause Definitions, item 5 in TERMS AND CONDITIONS, p.2
Read from the broker's site on Archived copyOpen the reference

Buried at section 20 of 21 in the TERMS AND CONDITIONS, 95% of the way through.

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

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before that client trades. Maono incorporates its fee schedule by reference and does not publish it.

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

Maono sets the terms, the category and the exit

Maono Global Markets can change the Terms and Conditions at any time with or without notice, effective 7 business days after publication, and your continued use counts as acceptance. $10,000 in tradeable assets is one of two boxes that make you a Professional Client, the category with fewer protections. A missed margin call closes your positions without notice and leaves you liable for the shortfall.

Control of the account3 clauses flagged

Maono Global Markets can amend the Terms and Conditions at any time, with or without telling you. A change takes effect 7 business days after it is published on the website, and carrying on using the service counts as your acceptance. The section that says so is not in the document's own table of contents.

Why this matters

Checking the website becomes your job. A term you agreed to can be replaced by one you never saw, and trading again is treated as your signature on it.

Exhibit 7WarningHarder than usual7 working days

The Company reserves the right to amend the Terms and Conditions of this Agreement at any time, with or without prior notice to the Client.
Clause Amendment of Terms and Conditions in TERMS AND CONDITIONS, p.14
Read from the broker's site on Archived copyOpen the reference

Buried at section 19 of 21 in the TERMS AND CONDITIONS, 90% of the way through.

  • Worse together with Exhibit 1Terms that can change without notice are harder to track when the agreement itself is not published.

Meet two of four boxes and Maono Global Markets can class you as a Professional Client, the category that gets fewer protections. One box is $10,000 in tradeable assets. Maono can also re-classify you later, and your silence before the effective date counts as agreement.

Why this matters

Retail status is what triggers risk warnings and extra protection. The policy that decides your category is an internal document you only get if you ask for it.

Exhibit 11WarningHarder than usual$10000

Having assets available for trading from legitimate sources exceeding $10,000.00 USD.
Clause Client Classification in TERMS AND CONDITIONS, p.9
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 10 of 21 in the TERMS AND CONDITIONS, 48% of the way through.

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

Under FCA, ESMA and CySEC rules a retail client can only elect professional status by meeting two of three tests, one of which is a portfolio above 500,000 euro. Maono's lowest test is $10,000 in tradeable assets.

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

An Event of Default includes any circumstance where Maono Global Markets deems action necessary or desirable. On an Event of Default it has absolute discretion to terminate immediately with no written notice. To leave, you must give 20 business days of written notice.

Why this matters

The exit is one sided, and no clause we read says what happens to the money in your account when Maono uses it.

Exhibit 12WarningHarder than usual20 working days

(f) Other circumstances where the Company deems it necessary or desirable to take action.
Clause Default, item (f) in TERMS AND CONDITIONS, p.11
Read from the broker's site on Archived copyOpen the reference

Buried at section 13 of 21 in the TERMS AND CONDITIONS, 62% of the way through.

The contract points at a court and never at the Ombud

Maono Global Markets' Terms and Conditions send every unresolved dispute to a court in South Africa and never mention the free FAIS Ombud, which its own separate Complaints Procedure names in full. Maono's server records are the exclusive and final record of prices, and its call recordings are conclusive evidence that it owns.

If it goes wrong2 clauses flagged

Maono Global Markets' Terms and Conditions send any unresolved dispute to a court in South Africa. The FAIS Ombud, which costs you nothing, is never mentioned in that document. It is named only in a separate Complaints Procedure PDF that the Terms do not point you to.

Why this matters

You can use the Ombud, and the route is real: it is set out with deadlines and contact details in the Complaints Procedure. The contract you accept when you open the account tells you to hire a lawyer instead.

Exhibit 9WarningHarder than usual

If a settlement cannot be reached through the complaint’s procedure outlined earlier, any disputes or controversies arising from or relating to the Agreement will be ultimately resolved in a court located in South Africa.
Clause Jurisdiction in TERMS AND CONDITIONS, p.8
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 9 of 21 in the TERMS AND CONDITIONS, 43% of the way through.

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

Firms licensed by the FCA or CySEC must tell clients in their terms how to reach the independent complaints scheme. Maono publishes that route in a different document from the one that governs disputes.

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

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Complaint in writingYou email complaints@maonoglobalmarkets.com with your details, dates and the staff member involved.
Within 2 working daysMaono enters the complaint in its register and confirms receipt in writing.
Within 7 working daysMaono gives you its preliminary findings and its reasons.
A further seven working daysMaono proposes a solution, which you may refer to the key individual of the business.
After six weeksIf nothing is resolved you can take the complaint to the FAIS Ombud, and you have six months from the notice that Maono cannot resolve it.

The Risk Policy makes Maono Global Markets' server records the exclusive and final record of prices and trades, subject to manifest error. The Terms and Conditions make its recordings of your calls conclusive evidence, and Maono keeps sole rights to them.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

In a dispute about a fill or a price, the evidence is the other side's, and what you saw on your own screen counts for nothing.

Exhibit 10WarningStandard wording

The Company's server records shall, subject to manifest error, prevail as the exclusive and final record of pricing and Transactions.
Clause 4.5.2 in RISK POLICY Maono Global Markets (Pty) Ltd
Read from the broker's site on Open the reference

Where it sits: section 12 of 27 in the RISK POLICY Maono Global Markets (Pty) Ltd, 44% of the way through.

  • Worse together with Exhibit 9The evidence belongs to Maono and the contract's only exit is a court case you pay for.

No compensation scheme stands behind this account

Maono Global Markets' Risk Policy says no statutory compensation arrangements protect you in any circumstance, and that neither Maono nor its licence holder Sithundhi Group guarantees RocketX's solvency. No document we read says your money is held separately from the firm's own. The Terms and Conditions define Client Money Rules and then never use the term again.

Protection of your money1 clause flagged

The Risk Policy says no statutory compensation arrangements protect you in any circumstance, and that if RocketX cannot meet its obligations you may lose your funds in part or in full. Neither Maono Global Markets nor the licence holder, Sithundhi Group, guarantees RocketX.

Why this matters

Nothing we read promises your money is held apart from the firm's own. The Terms and Conditions define Client Money Rules and then never use the term again.

Exhibit 14WarningHarder than usual

The Client assumes all risks associated with trading and acknowledges that no statutory compensation arrangements protect them in any circumstance.
Clause 3.2 in RISK POLICY Maono Global Markets (Pty) Ltd, p.6
Read from the broker's site on Open the reference

Where it sits: section 6 of 27 in the RISK POLICY Maono Global Markets (Pty) Ltd, near the start.

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

Firms licensed by the FCA or CySEC must hold retail client money in segregated accounts and belong to a compensation scheme that pays out if the firm fails. This Risk Policy states that no statutory compensation arrangement protects you.

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

  • Worse together with Exhibit 13The company that holds your position is the one whose failure nobody guarantees, and no scheme stands behind it.

RocketX is the seller and the counterparty on every trade

Every contract for difference bought through Maono Global Markets is concluded with RocketX (Pty) Ltd as principal, off exchange, which the Risk Policy states plainly. The Terms and Conditions define the spread as the forex broker's profit. No conflict of interest policy is published.

Who profits1 clause flagged

Every contract for difference you buy through Maono Global Markets is concluded with RocketX (Pty) Ltd as principal, not on an exchange. The Risk Policy states this plainly. The Terms and Conditions describe the spread as the forex broker's profit.

Why this matters

Your loss is the counterparty's gain on the same contract. No conflict of interest policy is published to explain how that is managed.

Exhibit 13NoticeStandard wording

OTC Derivative Contracts entered into via the Platform are concluded over-the-counter on a principal-to-principal basis with the Company as counterparty.
Clause 4.3.1 in RISK POLICY Maono Global Markets (Pty) Ltd
Read from the broker's site on Open the reference

Where it sits: section 10 of 27 in the RISK POLICY Maono Global Markets (Pty) Ltd, 37% of the way through.

Where the marketing and the contract disagree

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

01

Maono promises instant withdrawals on every account card while its published terms mention withdrawals only as a definition, with no timeframe and no duty to pay.

Said in public, in English

Withdrawals: Instant

Account Types page, printed on all four account cards

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

In the contract · clause Definitions, item 43

Withdrawal: The process of transferring funds from the client's forex trading account to their designated bank account or payment method.

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

02

A 125% bonus account is sold on the site while the only bonus rule in the contract bans an undefined bonus arbitrage.

Said in public, in English

125% bonus account (BA)

Account Types page, account card heading

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

In the contract · clause Prohibited Trading Strategies / Market Abuse

The following strategies are explicitly prohibited: o Scalping. o Hedging. o Bonus arbitrage. o Use of Expert Advisors (EA/Robots). o Any strategy used in bad faith by the Client.

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

03

The terms page names RocketX (Pty) Ltd as the company you contract with, and the PDF it links to on the same page names Neo Brokers Namibia Pty Ltd.

Said in public, in English

you agree to be bound by the client agreement which is entered into and binding between you (the Client) and RocketX (Pty) Ltd

Terms and Conditions page on the broker's site, disclaimer text

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

In the contract · clause Disclaimer

In using the services, you agree to be bound by the client agreement which is entered into and binding between you (the Client) and Neo Brokers Namibia Pty Ltd.

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

What changed quietly

This is our first reading of Maono Global Markets, so there is nothing yet to compare it with.

  • REWRITTENClause 2. DISCLAIMER · Risk Policy, October 2023 to V0.02 Nov25

    The counterparty changed from a Namibian company to a South African one, and the older policy naming the Namibian company is still published on the same site.

    Maono Global Markets (Pty) Ltd, an authorised Juristic Representative of Sithundhi Group (Pty) Ltd, is the platform that Clients use to trade derivatives that are issued by RocketX (Pty) Ltd, registration number 2020/824856/07, а company registered under the laws of South Africa.

  • ADDEDClause 4.6.3 · Risk Policy, October 2023 to V0.02 Nov25

    The November 2025 Risk Policy added liability for a deficit after a forced close out, which the 2023 version did not contain.

    Failure to meet Margin Calls within the required timeframe may result in some or all of the Client's open positions being closed automatically, without prior notice, and the Client will be liable for any resulting deficits.

The documents this reading is based on

11 files, all published by MAONO GLOBAL 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 MAONO GLOBAL MARKETS publishes.

How this reading was done

Every clause above was read out of a document MAONO GLOBAL MARKETS publishes itself

This reading was published on .

Documents
7 of 11downloaded from the broker's site of the 12 we found, and 7 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
4earlier versions downloaded, 4 identical to the copy we hold by fingerprint
Marketing pages
7public pages set against what the contract says
Position measured
14clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

RocketX (Pty) Ltd

Maono Global Markets (Pty) Ltd holds no licence of its own. It is a juristic representative of Sithundhi Group (Pty) Ltd, FSP No. 52030, which is the FSCA licence the site advertises. The November 2025 policies say the contract is with RocketX (Pty) Ltd, FSP No. 52142, and that RocketX is the principal and counterparty to every trade. The Terms and Conditions PDF still linked from the site names Neo Brokers Namibia Pty Ltd of Windhoek instead, and names Maono Global Markets in the next sentence. A client cannot tell from these documents which company owes them their balance.

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 Complaints Procedure is better than most brokers publish. It gives a complaints address, 7 working days for preliminary findings, a further seven for a proposed solution, and the FAIS Ombud's postal address, phone number and email. No document we read charges an inactivity or dormancy fee, and none lets Maono keep money you have deposited. The November 2025 Risk Policy is unusually direct about counterparty risk: it states that you may lose your funds if RocketX fails, and that neither Maono nor its licence holder guarantees RocketX.

We could not read five documents. The most important is the Client Agreement with RocketX (Pty) Ltd dated 16 March 2026, listed on the legal documents page as TERMS & CONDITIONS: the address it points to returns an error, so the contract that governs the account cannot be read by anyone. We also did not read the November 2025 Privacy Policy, the 2023 privacy policy or the 2023 FAIS disclosure. Of the 2023 Complaints Policy we read only the opening pages, and we quote nothing from the rest. Four earlier copies of these files are identical to the versions published today, so those four have not changed since February 2025; we checked their fingerprints rather than reading them. Maono's site also blocked us from loading its terms page and its legal documents page in a browser, so we read those pages as the site served them to a plain request.

How to check any of this yourself

Every quote above links to the MAONO GLOBAL 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 MAONO GLOBAL 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 MAONO GLOBAL 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 Aug 25, 2026.

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

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