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Contract reading

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

Every clause below is published by NEOLINFX 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: Neolin Capital Market Ltd.

marketing contradictionsole discretionunpublished termsentity confusionforum waiverleveragewithdrawalsaccount closurebonus lockclient money

NeolinFX takes deposits with no client agreement. The four documents you tick at signup cover risk, trading conduct and privacy. None of them covers withdrawals, fees, complaints or closing your account. Features the site sells are contradicted by the documents it publishes, including negative balance protection, full equity insurance and scalping on every account.

Back to NEOLINFX

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
19
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
9
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
10

How the 19 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
Warning10
Notice1

section 31 of 31is where the deepest clause sits: the very end of 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.

Critical4In the contract. Jump to the clause this comes from.No client agreement is published anywhereCritical$30000Bonus requirement. Jump to the clause this comes from.Withdraw early and the prize comes out of your money$3.5Fee you were not shown. Jump to the clause this comes from.Zero commission, then a $3.50 commission on the same page8Account limit. Jump to the clause this comes from.Two countries joined the refused list, and signup never asks

What the documents say

19 clauses worth knowing about, worst first, each quoted from NEOLINFX's own files

01

You open an account by ticking four documents: a risk warning, a risk disclosure, a trading policy and a privacy policy. None of them says how a withdrawal works, what it costs, or when NeolinFX may close your account.

Why this matters

Your money sits with a company whose duties to you are not written down in public. If NeolinFX refuses a withdrawal or changes your balance, you have no published clause to point at.

Exhibit 1CriticalRarely seen4

The Company executes Client instructions to buy or sell instruments according to its obligation for best execution, in line with the order execution policy and applicable Client Agreement.
Clause Equities in Risk Acknowledgement and Disclosure
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026No client agreement is published anywhere (clause Equities)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 34 of 70 in the Risk Acknowledgement and Disclosure, 49% of the way through.

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

Firms licensed by the FCA or CySEC must give a retail client the terms of business in writing before trading, covering costs, complaints handling and how client money is held. NeolinFX publishes no such agreement, and its own risk disclosure refers to a Client Agreement and an order execution policy that are not on its site.

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

Our readingBrokers differ in how harsh their client agreement is. Publishing none at all leaves a client with nothing to read and nothing to enforce, and it is the document where withdrawals, fees and closure normally live.

  • Worse together with Exhibit 7No contract exists and no page states a withdrawal timeline, so neither the rule nor the remedy is written down.
02

NeolinFX lists negative balance protection as a feature of every account type. Its risk disclosure makes you responsible for the deficit when a liquidation leaves your account below zero.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A loss bigger than your balance becomes a debt you owe NeolinFX. The feature table told you that could not happen.

Exhibit 2CriticalHarder than usual

If you fail to do so within the time required, your position may be liquidated at a loss and you will be responsible for the resulting deficit.
Clause Contingent Liability Investment Transactions in Risk Acknowledgement and Disclosure
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026The claim, on Account comparison table, listed as a feature of all six account typesVisit this page on the broker's siteDownload the full size image file
Our own capture of neolinfx.com, taken on Oct 12, 2026What the contract says, clause Contingent Liability Investment TransactionsVisit this page on the broker's siteDownload the full size image file

Buried at section 45 of 70 in the Risk Acknowledgement and Disclosure, 64% of the way through.

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

Firms licensed by the FCA, or under ESMA rules, must give retail CFD clients negative balance protection, so a client cannot lose more than the money in the account. NeolinFX advertises that protection on every account and its risk disclosure puts the deficit on the client.

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

03

NeolinFX sells its Trade Insure account on capital protection with full equity insurance, from a $500 minimum deposit. No document it publishes names an insurer, a cover limit or a way to claim.

Why this matters

You can pay the $500 minimum for cover whose terms you cannot read. The risk warning you tick at signup says you are responsible for all losses, including losses beyond your deposit.

Exhibit 3CriticalRarely seen$500

Clients must understand that the investment value can both increase and decrease, and they are responsible for all resultant losses and damages, which may exceed the initial invested capital upon the decision to trade.
Clause Risk Warning in Risk Warning
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026The claim, on Trade Insure account page, under Ideal forVisit this page on the broker's siteDownload the full size image file
Our own capture of neolinfx.com, taken on Oct 12, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Our readingAn insured retail trading account is unusual in itself. Selling one with no policy document, no named insurer and no claim process leaves the word insurance doing all the work.

04

NeolinFX can reverse or adjust your copied trades after a platform failure. The clause that lets you claim leaves the number of days you have blank.

Why this matters

You cannot know whether your claim is late. NeolinFX can treat any period it chooses as the deadline, after it has already adjusted your balance.

Exhibit 4CriticalRarely seen

Clients may submit claims for review if they believe their trades or account balances were adversely affected by the malfunction. Claims must be submitted within …… days of the malfunction
Clause Claims in Copy Trading and Malfunction Policy
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026The deadline to claim after a copy trading failure is blank (clause Claims)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 11 of 31 in the Copy Trading and Malfunction Policy, 35% of the way through.

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

Firms licensed by the FCA or CySEC must publish a complaints procedure with stated time limits and give retail clients access to an independent scheme. NeolinFX publishes no complaints procedure, and the one deadline it does mention has no number in it.

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

Our readingA complaint deadline is normally a number. This one was never filled in, which leaves NeolinFX to decide after the event what the deadline was.

  • Worse together with Exhibit 8NeolinFX can reverse a trade and the window to object has no number in it.
05

Deposit $30,000 and NeolinFX gives you an iPhone 16 Pro. Withdraw before you have traded 900 standard lots and it can take the value of the phone out of your withdrawal.

Why this matters

NeolinFX never says what it values the phone at, so you cannot work out the deduction in advance. Clause 5.2 does promise no deduction once you complete the 900 lots.

Exhibit 5CriticalHarder than usual$30000

If the client withdraws funds before trading a minimum of 900 standard lots, NeolinFX reserves the right to deduct the value of the iPhone from the client’s withdrawal amount.
Clause 2.3 in NeolinFx Offers Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026Withdraw early and the prize comes out of your money (clause 2.3)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 6 of 54 in the NeolinFx Offers Terms and Conditions, near the start.

What it costsA $30,000 deposit buys the phone and a 900 lot obligation. Trade 899 lots, then withdraw, and the whole value of the phone can come off your payout, with no credit for the lots you did trade.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
iPhone 16 ProWithdraw before 900 standard lots and NeolinFX can deduct the value of the iPhone from your payout.2.3
Trip to Dubai for twoWithdraw before 1,250 standard lots and NeolinFX can deduct the cost of the trip.2.7
Funded trading accountWithdraw before 5,000 standard lots and NeolinFX can deduct the value of the $10,000 funded account.2.11
  • Worse together with Exhibit 13The firm that decides what the prize was worth is also the only judge of the deduction.
06

Any trade you close inside 190 seconds counts as scalping and is banned under the trading policy you tick at registration. The account comparison page lists scalping as allowed on every account. The ECN page says that account is optimised for it.

Why this matters

You can breach the trading policy by closing a trade three minutes after you opened it. Nothing NeolinFX publishes says what happens to the profit when you do.

Exhibit 6CriticalHarder than usual190

Trades executed within 190 seconds (3 minutes and 10 seconds) are classified as scalping and are not allowed on our platform.
Clause 2 in Prohibited Trading Strategies Policy
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026The claim, on ECN account page, key featuresVisit this page on the broker's siteDownload the full size image file
Our own capture of neolinfx.com, taken on Oct 12, 2026What the contract says, clause 2Visit this page on the broker's siteDownload the full size image file
Our own capture of neolinfx.com, taken on Oct 12, 2026What the contract says, clause 3Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 1Scalping is banned and no published document says what NeolinFX may do about it.

Nothing NeolinFX publishes says how long a withdrawal takes

Zero is the withdrawal fee NeolinFX advertises on its homepage, and its only published withdrawal clauses sit in a promotions document. No public page gives a processing time, a minimum, or the grounds for refusing a payout. The Deposit and Withdrawal link in the menu and in the FAQ opens the client portal login.

Exit conditions1 clause flagged

NeolinFX publishes no processing time, no minimum and no grounds for refusing a withdrawal. The Deposit and Withdrawal link in its own menu opens the client portal login, so you reach the rules only after you have an account.

Why this matters

You send money to a firm that has not said when it will send money back. The only withdrawal clauses it does publish exist to authorise a deduction from your payout.

Exhibit 7CriticalHarder than usual

NeolinFX reserves the right to review the withdrawal request and verify that the trading volume has been met before processing the withdrawal.
Clause 5.3 in NeolinFx Offers Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026What the contract says, clause 5.1Visit this page on the broker's siteDownload the full size image file
Our own capture of neolinfx.com, taken on Oct 12, 2026No published rule says how long a withdrawal takes (clause 5.3)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 31 of 54 in the NeolinFx Offers Terms and Conditions, 57% of the way through.

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

Firms licensed by the FCA or CySEC must tell a retail client, before they trade, how their money is held and how it can be returned. NeolinFX publishes neither on any page a prospective client can open.

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

A profit can be cancelled as an Error Quote the documents never define

One clause in NeolinFX's risk disclosure, at paragraph 23 of 70, says a profitable position can be cancelled by the company afterwards if the price was an Error Quote or a Manifest Error. Neither term is defined in any document NeolinFX publishes. The copy trading policy adds a power to adjust or reverse copied trades.

In plain words

A manifest error means an obvious mistake by the broker.

Cancelled profit1 clause flagged

NeolinFX can cancel a profitable position afterwards if it decides the price was an Error Quote or a Manifest Error. You then carry any loss from having traded on the margin that profit gave you.

Why this matters

A winning trade can be taken back after the event, and whatever you traded on the strength of it stays your problem. No published document defines either term, sets a time limit, or gives you an appeal.

Exhibit 8CriticalHarder than usual

The Client shall be responsible for all financial losses caused by the opening of the position using temporary excess Free Margin on the Trading Account gained as a result of a profitable position (cancelled by the Company afterwards) opened at an Error Quote (Spike) or at a Quote received as a result of a Manifest Error.
Clause Effect of Leverage in Risk Acknowledgement and Disclosure
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026A profit can be cancelled as an Error Quote (clause Effect of Leverage)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 23 of 70 in the Risk Acknowledgement and Disclosure, 33% of the way through.

  • Worse together with Exhibit 16NeolinFX decides what the correct price was and can cancel your profit on the strength of its own record.

Five claims on NeolinFX's site do not survive its own documents

Five claims, five answers in the documents. The feature table promises negative balance protection, and the risk disclosure makes you responsible for the deficit. NeolinFX sells the Trade Insure account on full equity insurance that no document describes. The comparison page lists scalping as allowed on every account, and the trading policy bans any trade closed inside 190 seconds.

Claim against contract2 clauses flagged

NeolinFX's own FAQ tells you that you can open multiple accounts to test different conditions. Its promotions terms treat accounts sharing an IP address or personal details as abusive, with immediate disqualification.

Why this matters

Two people trading from one home connection can be treated as one abusive client. NeolinFX can then cancel the promotion and suspend or close the account.

Exhibit 12WarningHarder than usual

Multiple entries using the same IP address, personal details, or under different trading accounts will be considered abusive and result in immediate disqualification from the Promotions.
Clause 3.4 in NeolinFx Offers Terms and Conditions
Read from the broker's site on Open the reference

Where it sits: section 23 of 54 in the NeolinFx Offers Terms and Conditions, 43% of the way through.

NeolinFX calls itself a licensed and regulated Forex broker in clause 1.1 of its promotions terms. No document it publishes names a regulator, a licence number or a supervising authority.

Why this matters

The only registration on the site is a Saint Lucia company number, which records that a company exists and not that anyone supervises it. Nothing in the documents tells you who oversees the firm holding your money.

Exhibit 18WarningHarder than usual

These Terms and Conditions ('Terms') govern the promotional offers ('Promotions') provided by NeolinFX ('Company'), a licensed and regulated Forex broker.
Clause 1.1 in NeolinFx Offers Terms and Conditions
Read from the broker's site on Open the reference

Where it sits: section 1 of 54 in the NeolinFx Offers Terms and Conditions, near the start.

NeolinFX says zero commission, then works an example charging $3.50

$3.50 is the commission NeolinFX's own cost page calculates on one standard lot, for an account the same page says pays no commission. Cryptocurrency trades carry 0.1% in one line at the foot of that page and nowhere else. The risk disclosure puts the duty to know every charge on you.

Cost disclosure1 clause flagged

NeolinFX's cost page says the PRO account pays no commission, then works an example charging $3.50 on one standard lot. The same page charges 0.1% on cryptocurrencies, which the account pages never mention.

Why this matters

You cannot tell what a trade costs before you place it. The risk disclosure puts the duty to know every charge on you, and the sentence where its own charges list belongs is broken text.

Exhibit 9WarningHarder than usual$3.5

PRO Accounts: No commission
Clause Commission in Trading Hours and Trading Conditions
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026The claim, on Forex Trading Conditions, Commission sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of neolinfx.com, taken on Oct 12, 2026What the contract says, clause CommissionVisit this page on the broker's siteDownload the full size image file

Buried at section 49 of 70 in the Trading Hours and Trading Conditions, 70% of the way through.

What it costsTrade 100 standard lots on a PRO account. The comparison page says the commission is nothing. The cost page's own rate of $3.50 a lot makes it $350.

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 they trade, in one place and in money terms. NeolinFX's own cost page gives two different answers for the same account.

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

Eight countries are refused, and the signup form never asks where you live

Eight countries sit on NeolinFX's refused list, and it added two of them, the United Arab Emirates and India, to the copy trading policy between May and October 2026. The registration form asks for a phone code, not a country of residence. Leverage runs to 1000:1 on the cost page, and both that page and the privacy policy let NeolinFX change terms with no notice to you.

Who may trade3 clauses flagged

NeolinFX refuses service to residents of eight countries. It added the United Arab Emirates and India to the copy trading policy's list between May and October 2026. The signup form never asks where you live.

Why this matters

You can open and fund an account from a country NeolinFX says it does not serve. If that surfaces later, the contract that would decide the outcome is not published.

Exhibit 11WarningHarder than usual8

Restricted Regions: Neolin Capital Market Ltd. does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, United Arab Emirates, India.
Clause Restricted Regions in Copy Trading and Malfunction Policy
Read from the broker's site on Open the reference

Buried at section 31 of 31 in the Copy Trading and Malfunction Policy, 100% of the way through.

NeolinFX can revise its privacy policy at its sole discretion with no notice to you, and amend or end a promotion at any time without prior notice. Checking for changes is your job under both documents.

Why this matters

A term you relied on can change the day before you withdraw. NeolinFX owes you no message, and the version you agreed to is not kept anywhere you can see it.

Exhibit 17WarningHarder than usual

This Privacy Policy is subject to change and may be updated or revised from time to time, without any prior notification to the User, at the sole discretion of Neolin Capital Market.
Clause Changes to Privacy Policy in Privacy Policy
Read from the broker's site on Open the reference

Buried at section 69 of 81 in the Privacy Policy, 85% of the way through.

NeolinFX's cost page offers leverage from 1:1 to 1000:1, while its account pages cap it at 1:500. The same cost page says the leverage available to you can vary with market conditions.

Why this matters

The leverage you were given can change when NeolinFX decides market conditions call for it. No published clause says it must tell you first, and none says what happens to your open positions.

Exhibit 19WarningHarder than usual1000

Depending on the account type you open at NeolinFx, you can select leverage ranging from 1:1 to 1000:1.
Clause Leverage in Trading Hours and Trading Conditions
Read from the broker's site on Open the reference

What it costsAt 1000:1, $100 of margin controls a $100,000 position. A move of 0.1% against you equals the whole $100.

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

Firms licensed by the FCA, or under ESMA rules, cap leverage for retail clients at 1:30 on major currency pairs and lower on more volatile assets. NeolinFX's cost page offers up to 1000:1.

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

The deadline to challenge a copy trading loss was left blank

One deadline is published in NeolinFX's whole document set, and the number is missing from it: claims must be submitted within a blank space of days. The same policy lets NeolinFX reverse your trades. On promotions, NeolinFX decides every question itself and says it will not correspond about it.

Complaint deadline1 clause flagged

On anything to do with a promotion, NeolinFX makes the final decision, including what its own terms mean. Clause 8.3 adds that no correspondence or further negotiation will be entered into.

Why this matters

The firm taking a deduction from your withdrawal is also the only judge of it. You have no published route to challenge the amount.

Exhibit 13WarningHarder than usual

NeolinFX reserves the right to make final decisions on all matters concerning the Promotions, including the interpretation of these Terms. No correspondence or further negotiation will be entered into.
Clause 8.3 in NeolinFx Offers Terms and Conditions
Read from the broker's site on Open the reference

Buried at section 42 of 54 in the NeolinFx Offers Terms and Conditions, 78% of the way through.

The governing law clause does not name a country

One clause settles where you would sue NeolinFX, and it names no place: the laws of the jurisdiction in which NeolinFX operates. The documents point at a Saint Lucia company, a Sri Lanka office address, a Dubai telephone number and a Dubai data regulator. The company's own name is spelled two ways, at two registered addresses, across its documents.

Forum and entity1 clause flagged

NeolinFX's promotions terms are governed by the laws of the jurisdiction in which it operates, and no document says where that is. Disputes go to a court or arbitrator in the same unnamed place.

Why this matters

You cannot find out which court would hear your claim, or what reaching it would cost, before you deposit.

Exhibit 14WarningRarely seen

These Terms and all related disputes shall be governed and construed in accordance with the laws of the jurisdiction in which NeolinFX operates.
Clause 8.1 in NeolinFx Offers Terms and Conditions
Read from the broker's site on Open the reference

Buried at section 40 of 54 in the NeolinFx Offers Terms and Conditions, 74% of the way through.

Our readingOffshore agreements normally name their jurisdiction, usually the place of incorporation. A forum defined only as where the company operates leaves the client unable to identify it, and these documents point at Saint Lucia, Sri Lanka and Dubai.

NeolinFX can ask for any document it decides it needs

Five years is how long NeolinFX keeps your records after the relationship ends. It reserves the right to ask for any additional information it deems necessary, and publishes no verification policy saying what it will ask for or when. Phone calls can be recorded with no warning tone.

Document demands1 clause flagged

NeolinFX reserves the right to ask for any additional information it deems necessary, and publishes no policy saying what it will ask for or when. It keeps your records for five years after the relationship ends.

Why this matters

A document request can arrive at any point, including when you ask for your money. No published clause gives you a list, a deadline, or a consequence if NeolinFX is not satisfied.

Exhibit 15WarningHarder than usual

We have the right to ask any additional information we deem necessary to be compliant with our legal and regulatory requirements.
Clause What kind of personal information do we collect and store? in Privacy Policy
Read from the broker's site on Open the reference

Where it sits: section 24 of 81 in the Privacy Policy, 30% of the way through.

NeolinFX takes deposits without publishing a client agreement

Four documents, and not one of them is a contract. NeolinFX asks you to tick a risk warning, a risk disclosure, a trading policy and a privacy policy at signup. None of them covers withdrawals, fees, complaints or account closure. Its own risk disclosure points to a Client Agreement and an order execution policy that are nowhere on the site, and the partnership programme it advertises on every page offers up to $8 a lot with no agreement published either.

Missing contract1 clause flagged

The account security page tells you client funds sit in separate accounts from company funds. The risk disclosure describes a second category, non-segregated funds, that NeolinFX uses in its own business. It never says which category your deposit falls into.

Why this matters

If NeolinFX fails while your money sits in that second category, you join the queue of ordinary creditors. No compensation scheme is named anywhere in its documents.

Exhibit 10WarningStandard wording

Non-segregated Funds will not be subject to the protections conferred by Applicable Regulations. Non-segregated Funds will not be segregated from the Company's money and will be used in the course of the Company's business, and in the event of the Company's insolvency you will rank as a general creditor.
Clause Insolvency in Risk Acknowledgement and Disclosure
Read from the broker's site on Open the reference
Our own capture of neolinfx.com, taken on Oct 12, 2026The claim, on Account Security page, Segregated AccountVisit this page on the broker's siteDownload the full size image file
Our own capture of neolinfx.com, taken on Oct 12, 2026What the contract says, clause InsolvencyVisit this page on the broker's siteDownload the full size image file

Buried at section 56 of 70 in the Risk Acknowledgement and Disclosure, 80% of the way through.

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

Firms licensed by the FCA or CySEC must hold retail client money in segregated client bank accounts and reconcile them regularly, and their clients fall under a compensation scheme. NeolinFX describes two categories of funds, assigns the client to neither, and names no scheme.

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

NeolinFX's own server quotes are the only price that counts

One source of prices is treated as reliable in NeolinFX's risk disclosure, and it is NeolinFX's own live server quote base. The same document reserves the right to cancel a profitable position opened at an Error Quote. No conflict of interest policy and no order execution policy are published.

Price authority1 clause flagged

The risk disclosure makes NeolinFX's live server quote base the sole reliable source of price information. The same document lets NeolinFX cancel a profitable position it attributes to an error in that price.

Why this matters

NeolinFX's own records settle both the price you traded at and whether it was an error. No outside benchmark is named, and no execution or conflict of interest policy is published.

Exhibit 16NoticeStandard wording

The Client recognizes that the real/live Server's Quotes Base is the sole reliable source of Quotes Flow information.
Clause Trading Platform in Risk Acknowledgement and Disclosure
Read from the broker's site on Open the reference

Where it sits: section 9 of 70 in the Risk Acknowledgement and Disclosure, near the start.

Where the marketing and the contract disagree

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

01

NeolinFX lists negative balance protection for every account type, and its risk disclosure makes you responsible for the deficit after a liquidation.

Said in public, in English

Negative Balance Protection

Account comparison table, listed as a feature of all six account types

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

In the contract · clause Contingent Liability Investment Transactions

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

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02

NeolinFX sells an insured account while its risk warning makes you responsible for all losses, including losses beyond your deposit.

Said in public, in English

Traders who want capital protection with full equity insurance

Trade Insure account page, under Ideal for

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

In the contract

Clients must understand that the investment value can both increase and decrease, and they are responsible for all resultant losses and damages, which may exceed the initial invested capital upon the decision to trade.

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

03

The comparison table allows scalping on every account, and the trading policy bans any trade closed inside 190 seconds.

Said in public, in English

Scalping Allowed

Account comparison table, ticked for all six account types

In the contract · clause 2

Trades executed within 190 seconds (3 minutes and 10 seconds) are classified as scalping and are not allowed on our platform.

04

The ECN account is marketed as optimised for scalping, which the trading policy prohibits.

Said in public, in English

Optimized for scalping and institutional strategies

ECN account page, key features

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In the contract · clause 2

Trades executed within 190 seconds (3 minutes and 10 seconds) are classified as scalping and are not allowed on our platform.

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

05

The homepage advertises support for automated trading, and the trading policy prohibits automated systems that execute high volumes in fractions of a second.

Said in public, in English

We support AI automated trading systems

Homepage, under Ideal For Algotrading

In the contract · clause 3

The use of algorithms or automated systems to execute high volumes of trades in fractions of a second is prohibited.

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06

The homepage advertises zero deposit and withdrawal fees, and the only published withdrawal clause lets NeolinFX take the value of a prize out of your payout.

Said in public, in English

Deposit & Withdrawal Fees 0

Homepage figures under the heading EXCEPTIONAL CONDITIONS

In the contract · clause 5.1

Withdrawals made before meeting the minimum trading volume requirements will result in the deduction of the equivalent value of the prize from the withdrawal amount.

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07

NeolinFX's cost page says the PRO account pays no commission and then works an example charging $3.50 on one standard lot.

Said in public, in English

PRO Accounts: No commission

Forex Trading Conditions, Commission section

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In the contract · clause Commission

For a Pro account, trading 1 standard lot (100,000 units), the commission would be $3.5.

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08

The security page promises client funds sit apart from company funds, and the risk disclosure describes a category of funds that does not.

Said in public, in English

Client funds are held in seperate accounts, distinct form our operational funds.

Account Security page, Segregated Account

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In the contract · clause Insolvency

Non-segregated Funds will not be segregated from the Company's money and will be used in the course of the Company's business, and in the event of the Company's insolvency you will rank as a general creditor.

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09

The FAQ invites you to open several accounts, and the promotions terms treat several accounts as abuse.

Said in public, in English

Yes, you can open multiple accounts with different types to diversify your trading strategies or test different trading conditions.

Frequently Asked Questions, Can I open multiple accounts with different types?

In the contract · clause 3.4

Multiple entries using the same IP address, personal details, or under different trading accounts will be considered abusive and result in immediate disqualification from the Promotions.

10

NeolinFX calls itself licensed and regulated, and the only registration it publishes is a Saint Lucia company number.

Said in public, in English

These Terms and Conditions ('Terms') govern the promotional offers ('Promotions') provided by NeolinFX ('Company'), a licensed and regulated Forex broker.

Clause 1.1 of the NeolinFx Offers Terms and Conditions

In the contract · clause Footer

Neolin Capital Market Ltd., a company incorporated in Saint Lucia under the federal law of the Saint Lucia, under registration No. 2023-00397 with registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

What changed quietly

NeolinFX has not been reviewed before, so no changes can be shown yet.

  • REWRITTENClause Restricted Regions · 2026-05-17 to 2026-10-12

    The copy trading policy added the United Arab Emirates and India to the countries NeolinFX will not serve, and nothing else in that document changed.

    Restricted Regions: Neolin Capital Market Ltd. does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, United Arab Emirates, India.

  • REWRITTENClause Restricted Regions · 2026-02-13 to 2026-10-12

    The risk disclosure names the same eight countries, with UAE written out in full and moved to the end, and nothing else in the document changed.

    Restricted Regions: Neolin Capital Market Ltd. does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, United Arab Emirates, India.

The documents this reading is based on

9 files, all published by NEOLINFX. 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 NEOLINFX publishes.

How this reading was done

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

This reading was published on .

Documents
8 of 9downloaded from the broker's site, and 8 read in full
Pages opened
72pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
11public pages set against what the contract says
Position measured
16clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Neolin Capital Market Ltd.

Every page footer names Neolin Capital Market Ltd., a Saint Lucia company, registration No. 2023-00397. Its registered address there is The Sotheby Building, Rodney Village, Rodney Bay. The privacy policy and the cookies policy use a different spelling, Neolin Capital Markets Limited, and a different registered address, The South Bay Building, with a PO box in Castries. No document names a financial regulator or a licence number. The footer address for the business is in Colombo, Sri Lanka, and the support number on the copy trading policy is a Dubai number. The privacy policy sends data complaints to the DIFC Commissioner of Data Protection in Dubai. The same documents refuse service to residents of the United Arab Emirates.

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 risk disclosure is candid where many are vague. It says that NeolinFX uses non-segregated funds in its own business, and that you would rank as a general creditor if the firm failed. It also explains omnibus accounts and third party risk in detail. The promotions terms state each prize's volume requirement openly, and clause 5.2 confirms no deduction applies once you meet it. Every document is a readable web page rather than a download. No inactivity or dormancy fee appears anywhere in the published set, and the trading conditions page does publish a stop out level of 20% of required margin.

This review covers every legal document NeolinFX publishes except the Forex Glossary, of which it covers the first third, from A to F. No finding rests on that file. The deposit and withdrawal terms, the fee schedule and any agreement shown after login are not covered, because that portal is open only to account holders. Earlier copies exist for two documents only: the copy trading policy as it stood in May 2026 and the risk disclosure as it stood in February 2026. NeolinFX publishes in English only, so there was no other language version of its pages to compare.

How to check any of this yourself

Every quote above links to the NEOLINFX 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 NEOLINFX 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 NEOLINFX 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 Oct 12, 2026.

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

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