Wikilix
Contract reading

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

Every clause below is published by Salma 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: Salma Markets LLC

sole discretiondeemed acceptanceconflict of interestforced liquidationforum waivermarketing gapprincipal dealingunilateral amendmentbonus lockburial

SalmaMarkets promises segregated accounts that keep your funds secure and untouched. Clause 34 of its customer agreement has you authorise the opposite, including a loan to itself secured on your money. Its risk disclosure lets the firm trade ahead of your order. You get two business days to challenge a trade before the contract calls it final.

Back to Salma Markets

Contract risk

Money at risk
8.5/10

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

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
13
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
2
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 13 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.

Critical6
Warning6
Notice1

section 51 of 54is where the deepest clause sits, 94% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical2 working daysTime to complain. Jump to the clause this comes from.Two business days to challenge a trade, then it is finalCritical10 daysAccount limit. Jump to the clause this comes from.One trade accepts contract changes you never saw2 working daysWithdrawal limit. Jump to the clause this comes from.Getting money out needs a signed form and two business days3%Fee you were not shown. Jump to the clause this comes from.Fees can change at any time with no notice

What the documents say

13 clauses worth knowing about, worst first, each quoted from Salma Markets's own files

01

The website says your money sits in separate accounts, secure and untouched. Clause 34 of the customer agreement has you authorise SalmaMarkets to mix your money with its own. It can also pledge that money as security for a loan to itself.

Why this matters

If SalmaMarkets cannot repay that loan, your deposit is part of what its lender can claim. Clause 9 says it may do this despite any law to the contrary, and no compensation scheme stands behind you.

Exhibit 1CriticalRarely seen

Customer authorizes Salma Markets to sell, pledge, rehypothecate, assign, invest, commingle and otherwise use any Collateral held by Salma Markets, including, but not limited to, using the Contracts as collateral for a loan to Salma Markets
Clause 34 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.19
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026What the contract says, clause 34Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money in segregated accounts and may not use it to fund their own business or as security for their own borrowing. This contract has the client authorise exactly that use, and the website advertises segregation at the same time.

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

Our readingRehypothecation, meaning reusing a client's collateral for the firm's own borrowing, is a device from prime broking between banks. In a retail trading agreement it turns your deposit into working capital for the broker, and clause 34 is written as your own authorisation of it.

  • Worse together with Exhibit 13Your money can be lent out by the broker while no clearing house and no compensation scheme stands behind the broker's promise to return it.
02

Your trades are with SalmaMarkets itself, not with the market. Its risk disclosure lets the firm, its staff and its affiliates buy or sell at the same price or better ahead of your order.

Why this matters

The firm on the other side of your trade can see it coming and deal first. Clause 21 also lets SalmaMarkets fill two customers against each other, so your loss can become its gain.

Exhibit 2CriticalRarely seen

Trading Ahead And Along. Salma Markets its personnel and affiliates and various other parties may execute orders at the same or better prices ahead of a Customer Order.
Clause Risk Disclosure Statement, 10 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.21
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026SalmaMarkets may trade ahead of your order (clause Risk Disclosure Statement, 10)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must take all sufficient steps to get the best result for a retail client and must not put their own dealing ahead of a client order. This risk disclosure reserves the right to execute ahead of a customer order at the same or better prices.

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

Our readingMost agreements promise to handle a customer's order before the firm's own. This one reserves the opposite right in writing, under the heading Trading Ahead And Along, and extends it to affiliates and other parties.

03

The Indonesian homepage says SalmaMarkets is not a market maker and sends every order straight to the market, with no dealing desk involved. The English contract says it deals with you as principal. It also defines a SalmaMarkets Trading Desk.

Why this matters

The promise that persuaded you is in Bahasa Indonesia. The contract that binds you is in English only, and it says the opposite about who you are trading against.

Exhibit 3CriticalHarder than usual

"Salma Markets Trading Desk": The trading desk of Salma Markets.
Clause 1.29 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.3
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026What the contract says, clause 4.2Visit this page on the broker's siteDownload the full size image file
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026Indonesian pages deny the dealing desk the contract defines (clause 1.29)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 2The Indonesian claim removes the one warning that would have told a reader to check the trading ahead clause.
04

Trades confirmed on the platform become binding immediately under clause 17. Everything else becomes final two business days after SalmaMarkets sends it. Staying silent counts as your agreement to what the firm did.

Why this matters

You have two business days to spot and challenge a wrong fill. A business day here means Monday to Friday in the GMT+2 zone, so a Friday problem can be settled by Tuesday. Never receiving the confirmation is not an excuse.

Exhibit 4CriticalHarder than usual2 working days

Reports of the confirmation of orders and statements of Accounts for Customer shall be deemed correct and shall be conclusive and binding upon Customer the sooner of: (x) two (2) Business Days after transmittal to Customer by posted mail; or (y) immediately with respect to Orders confirmed via the Salma Markets Trading Platform.
Clause 17 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.15
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026Two business days to challenge a trade, then it is final (clause 17)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client at least six years to bring a complaint about most matters, and access to an independent ombudsman afterwards. This contract closes the point in two business days and names no independent scheme.

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

Our readingA short objection window is common. Starting it at transmittal rather than receipt, and making platform confirmations binding at once, removes the days a client would normally use to notice the problem.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Order confirmed on the platformThe confirmation is binding on you immediately, with no window at all.17
Two business days after postingA mailed confirmation or statement becomes conclusive and binding on you.17
Objection by telephoneYou must confirm the objection by email within two further business days or it lapses.17
No objection madeYour silence is treated as approval of everything SalmaMarkets already did.17
05

SalmaMarkets can change this agreement whenever it likes. You are bound ten days after it posts the change, or the moment you place your next order, whichever comes first.

Why this matters

Notices go to the website named in clause 1.49, which is www.salmamarket.trade, not the site where you registered. A trade on Monday can accept a change posted on Sunday to a page you have never opened.

Exhibit 5CriticalHarder than usual10 days

Customer agrees to be bound by the terms of such amendment or change on the earlier of: (x) ten (10) days after Salma Markets has posted notice of such amendment or change to the Website or sending an e-mail message to Customer; or (y) on the date of the entry of any Order other than a Liquidating Order.
Clause 25 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.17
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026One trade accepts contract changes you never saw (clause 25)Visit this page on the broker's siteDownload the full size image file

Our readingUnilateral amendment on notice is normal. Tying acceptance to your next order, while the notice sits on a different domain from the one you use, means you can accept a change without any chance to read it.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Change posted or emailedSalmaMarkets posts the amendment to its own website or sends you an email.25
Your next orderEntering any order other than a closing order binds you to the change at once.25
Day 10The change binds you anyway, whether or not you read it.25
If you objectYou must close all positions and empty the account within ten business days.25
  • Worse together with Exhibit 9A new fee needs no notice under clause 15, and your next trade accepts it under clause 25, so a charge can arrive that you never had a chance to refuse.

A slow reply to SalmaMarkets is an Event of Default, and the privacy page is not a privacy policy

Clause 1.15 makes failure to promptly provide any requested information an Event of Default, which lets SalmaMarkets liquidate your positions without notice under clause 12. No clause sets a deadline for those requests. The only legal link in the site footer leads to a page of futures trading app terms, while the binding data clause sits at clause 6 of the registration contract.

Documents and data2 clauses flagged

Not promptly sending any information SalmaMarkets asks for is an Event of Default under clause 1.15. Clause 12 then lets the firm sell your positions and take your funds, without any notice to you.

Why this matters

No clause sets a deadline for these requests, so you cannot know when you are late. Your open trades can be closed at prices SalmaMarkets picks while you are still finding the document.

Exhibit 6CriticalHarder than usual

Customer's failure to promptly provide Salma Markets any information requested pursuant to this Agreement
Clause 1.15(e) in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.2
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026A late document lets SalmaMarkets close your positions (clause 1.15(e))Visit this page on the broker's siteDownload the full size image file

Our readingDocument requests with a freeze attached are common. Making a slow reply an Event of Default puts it in the same category as bankruptcy, and the remedy is immediate liquidation rather than a suspended account.

  • Worse together with Exhibit 10The same clause 12 powers are triggered by a margin shortfall that SalmaMarkets can create by raising margin requirements without notice.

The only legal link in the SalmaMarkets footer is its Privacy Policy. That page carries trading app terms for a futures business instead, and says nothing about what data the firm collects or keeps.

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

Your actual data terms sit in clause 6 of the registration contract. They let SalmaMarkets pass your personal details to affiliates and third party companies, and take an irrevocable worldwide licence over what you post.

Exhibit 12WarningHarder than usual

Customer also agrees to allow Salma Markets to transmit Customer’s Personal Data to Salma Markets affiliates and third party companies that assist Salma Markets with processing and analyzing information as part of the provision of Services to Customer.
Clause 6 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.8
Read from the broker's site on Archived copyOpen the reference

Our readingThe page a client is sent to for privacy describes a different business, calling the counterparty the Futures Broker and referring to goods delivery and a clearing institution. The binding data clause is in a file linked only from a registration checkbox.

SalmaMarkets can add a fee tomorrow without telling you

Clause 15 says SalmaMarkets charges no brokerage fee at this time, then reserves the right to change its fee structure at any time without notice. Clause 5 lets it debit fees straight from your account with no notice at all. On anything unpaid, clause 12 adds interest at 3 percentage points above prime, plus legal, witness and travel costs.

Cost disclosure1 clause flagged

No brokerage fee applies at this time, says clause 15, which then lets SalmaMarkets change its fee structure at any time without notice. Clause 5 lets it take fees straight out of your account without telling you.

Why this matters

A fee added next month needs no announcement and no agreement from you. On anything you owe, clause 12 adds interest at 3 percentage points over prime, plus legal, witness and travel costs.

Exhibit 9WarningHarder than usual3%

Salma Markets reserves the right to change its fee structure at any time without notice.
Clause 15 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.14
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026What the contract says, clause 15Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before that client trades. This contract keeps the fee structure open to change at any time without notice.

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

Our readingMost agreements reserve the right to change fees but promise a notice period. This one removes the notice and pairs it with a power to debit the account silently.

SalmaMarkets takes $1 online and pays out on a signed paper form

Paragraph 9 of the SalmaMarkets trading policies requires a signed written withdrawal request form and a minimum of two business days before a cheque or wire is issued. The withdrawal page instead advertises a login, a click and 1 to 2 hours. The advertised minimum deposit is $1, while the smallest withdrawal the site will process is $5, rising to $100 for a wire.

Exit conditions1 clause flagged

The withdrawal page tells you to log in and pick a method. The trading policies require a written withdrawal request form, signed, plus a minimum of two business days before any money is issued.

Why this matters

The contract knows only cheques and wire transfers, not the bank transfers and e-wallets the site sells you. Nothing in it promises the 1 to 2 hours the withdrawal page advertises.

Exhibit 7WarningHarder than usual2 working days

Payments from a Customer Account require a withdrawal request form signed by all required account holders and submitted in writing to Salma Markets. The Withdrawal Request Form requires a minimum of two (2) Business Days from receipt of the withdrawal request for issuance of a check or wire transfer of funds.
Clause Trading Policies and Procedures, 9 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.25
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026What the contract says, clause Trading Policies and Procedures, 9Visit this page on the broker's siteDownload the full size image file

What it costsSalmaMarkets accepts a deposit of $1. The smallest withdrawal it will process is $5, so a $1 deposit needs $4 more added before any of it can leave.

Our readingA wet signature requirement is unusual for an account opened and funded entirely online, and the contract sets two business days as a floor rather than a target.

The SalmaMarkets Bonus Policy is binding and unpublished

Clause 14 binds anyone taking a bonus to a Bonus Policy that appears nowhere on the SalmaMarkets site, and lets the firm retract any promotion at any time. The $10 no deposit bonus caps withdrawable profit at $20 after 5 lots of trading, and refuses payout if several addresses are detected. The advertised 50% deposit bonus page is broken, so those terms cannot be read at all.

Bonus conditions1 clause flagged

Taking any bonus accepts a Bonus Policy that SalmaMarkets does not publish on its site. Clause 14 lets it retract or cancel any promotion at any time, and one bonus is allowed per household or shared computer.

Why this matters

You agree to terms you cannot read before you accept the money. On the $10 no deposit bonus, $20 is the most profit you may withdraw, and several addresses on one connection can lose you the payout.

Exhibit 11WarningHarder than usual$20

By accepting any bonus from Salma Markets, Customer accepts all applicable terms and conditions of the Bonus Policy as amended by Salma Markets from time to time in its sole discretion.
Clause 14 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.13
Read from the broker's site on Archived copyOpen the reference

Our readingBonus discretion is standard. Binding a client to a named policy document that is not published anywhere, while advertising the bonus on the homepage, leaves nothing a client can check.

  • Worse together with Exhibit 7Bonus profit has to leave through the same withdrawal route, where a signed form and a two business day floor apply.

SalmaMarkets can rewrite the contract, and your next trade accepts it

Clause 25 binds you to any amendment ten days after posting, or the instant you place your next order, whichever is sooner. The notices go to www.salmamarket.trade, the site clause 1.49 defines as the Website, and not to the salmamarkets.com pages where you registered. Margin requirements can also rise at any time without notice, against advertised leverage of up to 1:3000.

Changing the deal1 clause flagged

SalmaMarkets can raise what you must keep on deposit at any time, without telling you first. It says it does not make margin calls in the ordinary course, and can close your positions instead.

Why this matters

The site sells leverage up to 1:3000, which multiplies both sides of a small move. A margin rise you were never told about can put you in default the same day.

Exhibit 10WarningStandard wording

Margin requirements are subject to change at any time in Salma Markets’s sole discretion and without prior notice. No previous margin requirement shall preclude Salma Markets from increasing that requirement without prior notice.
Clause Trading Policies and Procedures, 6 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.24
Read from the broker's site on Archived copyOpen the reference

SalmaMarkets picks St. Vincent law and Belize courts

Clause 30 of the SalmaMarkets agreement applies the law of St. Vincent and the Grenadines, then sends every dispute to the courts of Belize, roughly 2,000 kilometres away from the first. You waive any objection to that forum and any right to a jury trial. Most of the firm's clients bank in Indonesia and Malaysia.

Where you would sue1 clause flagged

The agreement runs under the law of St. Vincent and the Grenadines, then sends every dispute to the courts of Belize. Clause 30 also has you waive any objection to that, and any right to a jury.

Why this matters

To sue SalmaMarkets you would pay a Belize court to apply another country's law. For a client in Indonesia or Malaysia that cost sits far above most account balances.

Exhibit 8WarningRarely seen

Customer hereby submits to the jurisdiction of the courts of Belize with respect to any proceeding arising out of and relating to this Agreement, any Contract or transaction in connection herewith, and waives any objection to jurisdiction it may otherwise be entitled to assert in any such proceeding.
Clause 30 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.18
Read from the broker's site on Archived copyOpen the reference

Our readingAgreements normally put the governing law and the chosen court in the same place. Splitting them across two countries means any claim pays for local lawyers in one and foreign law evidence from the other.

Two Salma Markets LLC entities, and no guarantee behind either

The SalmaMarkets footer names Salma Markets LLC in St. Vincent and the Grenadines with licence 317, and a second Salma Markets LLC in the Union of Comoros with licence L17888 / SM. No document says which entity holds a retail account. Clause 13 says the firm is registered with the St. Vincent authority, and point 7 of the risk disclosure confirms there is no clearing house and no guarantee from any other party.

Who holds the money1 clause flagged

The footer names Salma Markets LLC twice, once in St. Vincent and the Grenadines and once in the Union of Comoros. No document tells you which one holds your account. Clause 13 says the firm is registered with the St. Vincent authority, while the footer calls that a licence.

Why this matters

You must look only to SalmaMarkets to get your money back. Its own risk disclosure confirms there is no clearing house, no guarantee from anyone else, and it names no compensation scheme.

Exhibit 13NoticeStandard wording

LEGAL: Salma Markets LLC (Anjouan Union of Comoros) Offshore Finance Authority License No. L17888 / SM Registered Address: Hamchaku, Mutsamudu, Autonomes Island of Anjouan Union of Comoros.
Quoted in Privacy Policy
Read from the broker's site on Archived copyOpen the reference
Our own capture of content.salmamarkets.net, taken on Sep 9, 2026What the contract says, clause Risk Disclosure Statement, 7Visit this page on the broker's siteDownload the full size image file

Buried at section 51 of 54 in the Privacy Policy, 94% of the way through.

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

Firms licensed by the FCA or CySEC belong to a statutory compensation scheme that pays retail clients if the firm fails, and must name it in their disclosures. This document set names no such scheme and states there is no guarantee from any other party.

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

Where the marketing and the contract disagree

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

01

The website promises funds kept separate and untouched, while the contract has the client authorise mixing those funds and pledging them for the firm's own loan.

Said in public, in English

In accordance with international regulation standards, SalmaMarkets uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets. This keeps your funds secure and untouched.

Segregated Accounts section of the English Advantages page

In the contract · clause 34

Customer authorizes Salma Markets to sell, pledge, rehypothecate, assign, invest, commingle and otherwise use any Collateral held by Salma Markets, including, but not limited to, using the Contracts as collateral for a loan to Salma Markets

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

02

The Indonesian page denies being a market maker and promises no dealing desk, while the English contract makes SalmaMarkets the principal on every trade and defines its own trading desk.

Said in public, in Indonesian

Keyakinan inti SalmaMarkets adalah bahwa hubungan bisnis jangka panjang hanya dapat dibangun melalui kejujuran dan keadilan. Meskipun banyak broker telah lama memilih pendekatan yang lebih menguntungkan sebagai pembuat pasar, sehingga menciptakan konflik kepentingan antara mereka dan klien mereka, model bisnis kami didasarkan pada penawaran eksekusi Straight Through Processing (STP) kepada semua klien kami, di mana semua pesanan ditransmisikan langsung ke pasar tanpa intervensi dealing desk

Word for word in English: SalmaMarkets' core belief is that long term business relationships can only be built through honesty and fairness. Although many brokers have long chosen the more profitable approach as a market maker, thereby creating a conflict of interest between them and their clients, our business model is based on offering Straight Through Processing (STP) execution to all our clients, in which all orders are transmitted directly to the market without dealing desk intervention

Indonesian language homepage, which also carries the tile 'Tanpa Requotes dan Dealing Desk'

In the contract · clause 4.2

All Contracts made and entered into by Salma Markets hereunder will be entered into by Salma Markets as principal. Customer acknowledges, understands and agrees that Salma Markets is not acting as a broker, intermediary, agent, and advisor or in any fiduciary capacity.

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

03

The page sells a login and a click, while the contract requires a signed written form and sets two business days as the minimum.

Said in public, in English

Simply login to the secured site and choose your preferred withdrawal method

Subheading of the English Withdrawal Options page, above a table promising 1 to 2 hours

In the contract · clause Trading Policies and Procedures, 9

Payments from a Customer Account require a withdrawal request form signed by all required account holders and submitted in writing to Salma Markets. The Withdrawal Request Form requires a minimum of two (2) Business Days from receipt of the withdrawal request for issuance of a check or wire transfer of funds.

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

04

The page states no swap and no commission as a flat feature, while the contract keeps the fee structure changeable at any time without notice and the promotion page limits free swaps to 45 days.

Said in public, in English

NO SWAP AND COMMISION

Trading conditions list on the English Advantages page, stated without any time limit

In the contract · clause 15

Salma Markets reserves the right to change its fee structure at any time without notice.

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

05

One published document promises a clearing institution guarantee while the binding agreement states there is no clearing house and no guarantee from anyone.

Said in public, in English

The implementation of delivery of goods shall be set forth and guaranteed by the Futures Clearing Institution

Anticipation of Goods Delivery section of the document published as the Privacy Policy

In the contract · clause Risk Disclosure Statement, 7

There is no clearing house and no guarantee by any other party of Salma Markets payment obligations to the customer.

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

The documents this reading is based on

2 files, all published by Salma 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 Salma Markets publishes.

How this reading was done

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

This reading was published on .

Documents
2 of 2downloaded from the broker's site, and 2 read in full
Pages opened
45pages walked to find those documents, footer links included
Marketing pages
11public pages set against what the contract says
Languages
EN vs IDthe language it advertises in, against the language it contracts in
Position measured
1clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Salma Markets LLC

You contract with Salma Markets LLC, registered at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. The footer names a second Salma Markets LLC in the Union of Comoros with an Anjouan licence, and no document says which entity a retail client gets. The agreement names only the St. Vincent company. Clause 13 says it is 'registered with' the St. Vincent Financial Services Authority, while the website footer calls the same number 'Financial Services Authority License No. 317'. Clause 1.49 then defines the contractual Website as www.salmamarket.trade, not the salmamarkets.com site where you register and deposit. The risk disclosure settles what stands behind your money: each contract is directly between Salma Markets and you, with no clearing house and no guarantee from any other party.

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

One clause here is better than most offshore agreements manage. Clause 12 limits your liability for a negative balance to deficits caused by a mark to market after a weekend or holiday, rather than making you liable for every loss below zero. Clause 21 also admits six conflicts of interest in writing, including that SalmaMarkets may fill two customers against each other. Many brokers never publish that at all. The agreement keeps the risk disclosure and the trading rules in the same file as the contract, so the trading terms sit with the terms that govern them. The deposit and withdrawal pages publish a real table with named banks, minimums, fees and timings, which is more than many competitors show.

The customer agreement is not linked from any legal page on this site. The only legal link in the footer is the privacy policy. We found the contract behind the 'we accept customer Agrement' checkbox on the registration form, hosted on the company's own download server, and we read all 25 pages of it there. No earlier version of either document exists to compare against, so this is a first reading. The 50% deposit bonus that the site advertises on its own homepage is broken, so nobody can read those terms, including us. The Bonus Policy that clause 14 binds you to is not published anywhere we could find. No document we read sets out any inactivity or dormancy fee, and we found no complaints procedure beyond the two business day objection in clause 17. We read the English and Indonesian marketing pages. We did not check the Vietnamese site, which sits on a separate domain.

How to check any of this yourself

Every quote above links to the Salma 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 Salma 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 Salma Markets on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 9, 2026.

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

Back to the Salma Markets profile