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Contract reading

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

Every clause below is published by SalmaMarkets 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 . We have read it 2 times.

Contracting entity: Salma Markets LLC

deemed acceptancesole discretionunilateral amendmentbonus lockclient moneycomplaint deadlinecounterpartydeficit liabilityerror correctionevent of default

Salma Markets, whose main site is now branded AsiaMarkets, promises segregated accounts and negative balance protection. Its customer agreement lets it pledge and commingle your deposit, and makes you repay deficits left by weekend price gaps. A trade the platform confirms binds you at once, while Salma Markets can reverse any price it calls an error. The AsiaMarkets site no longer names the company you would deal with.

Back to SalmaMarkets

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.
4
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
16
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
3
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
9

How the 16 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.

Critical4
Warning12
Notice0

section 58 of 58is 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.

1 of these 4 figures comes 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.Trade confirmations bind you the moment they appear2 working daysWithdrawal limit. Jump to the clause this comes from.Withdrawals need a signed written form and two business days$30Fee you were not shown. Jump to the clause this comes from.No hidden fees promised, fees changeable any time without notice50%Bonus requirement. Jump to the clause this comes from.A fully withdrawable bonus Salma Markets can cancel any time

What the documents say

16 clauses worth knowing about, worst first, each quoted from SalmaMarkets's own files

01

Both the Salma Markets and AsiaMarkets sites tell you your money sits in segregated accounts, untouched. The customer agreement lets Salma Markets pledge, commingle and invest it, even as security for its own loans.

Why this matters

If Salma Markets fails, a lender holding your deposit as security collects before you do. The risk disclosure says you can look only to Salma Markets to get your money back.

Exhibit 1CriticalRarely seen

Notwithstanding applicable laws or regulations, Salma Markets shall have the right to sell, pledge, rehypothecate, assign, invest, commingle and otherwise use any Collateral it holds (including, but not limited to, using the Contracts as collateral for a loan to Salma Markets free from any claim or right of any nature whatsoever of the Customer
Clause 9 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.12
Read from the broker's site on Open the reference

Where it sits: section 19 of 58 in the Privacy Policy, 33% of the way through.

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

Firms licensed by the FCA or ASIC must keep retail client money in segregated client accounts and may not use it for their own purposes. This contract lets Salma Markets sell, pledge, rehypothecate and commingle it.

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

Our readingPledging client money as security for the broker's own borrowing is a prime brokerage device for professional clients. In a retail agreement it puts your deposit behind Salma Markets' lenders, and clause 9 grants it notwithstanding applicable laws or regulations.

  • Worse together with Exhibit 10Clause 9 lets Salma Markets pledge your deposit for its own loans and also spend it on a debt from another account, so two claims come before yours.
02

The sign-up page promises negative balance protection, meaning you can never owe more than you deposited. The customer agreement makes you repay any deficit a weekend or holiday price gap leaves, with interest and collection costs.

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 weekend price gap can jump straight past your stop order and leave the account below zero. That is exactly the case the agreement makes you pay for, with no cap.

Exhibit 2CriticalHarder than usual

Customer shall only be liable for the payment of any deficit balance in Customer’s Account upon demand by Salma Markets where such deficits are the result of a mark to market after a weekend or holiday.
Clause 12 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.13
Read from the broker's site on Open the reference
Our own capture of salmamarket.asia, taken on Oct 24, 2026The claim, on AsiaMarkets Indonesian account opening pageVisit this page on the broker's siteDownload the full size image file
Our own capture of salmamarket.asia, taken on Oct 24, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Where it sits: section 23 of 58 in the Privacy Policy, 40% of the way through.

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

Under ESMA's rules for retail CFDs, firms licensed by the FCA or CySEC must give each retail client negative balance protection, so losses stop at the money in the account. This contract makes you repay deficits left by weekend and holiday gaps.

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

03

If Salma Markets decides a price it quoted was a mistake, it can rewrite your balance after the trade. It alone picks the price used to settle any dispute, at its sole discretion. Salma Markets can take back the profit you saw.

Why this matters

Nothing in the agreement defines a quoting error, sets a time limit, or lets anyone outside Salma Markets check the price. A winning trade stays at risk after it closes.

Exhibit 4CriticalHarder than usual

Should a quoting error occur due to a mistype of a quote or a misquote given by telephone and/or electronic means (including responses to Customer requests), Salma Markets is not liable for any resulting errors in Account Balances and reserves the right to make necessary corrections or adjustments on the Account involved.
Clause Risk Disclosure Statement, 14 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.22
Read from the broker's site on Open the reference

Buried at section 54 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, 93% of the way through.

  • Worse together with Exhibit 3Salma Markets can reverse a trade it calls an error with no deadline, while your own objection to that trade closes the moment the platform confirms it.
04

A trade the platform confirms is final for you at once. A posted statement becomes final after two business days. A phone objection lapses unless you confirm it by email within two business days, and silence counts as approval of what Salma Markets did.

Why this matters

If you spot a wrong fill a day later, the contract already treats the trade as accepted. Your written objection must go to Support@salmamarkets.com, while the AsiaMarkets site tells you to complain to support@salmamarket.asia.

Exhibit 3CriticalHarder 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 Open the reference

Where it sits: section 30 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, 52% of the way through.

Set against a regulated standard: FCA (UK)

Firms licensed by the FCA must investigate a complaint and answer within eight weeks, then let a retail client take it to the Financial Ombudsman Service. This contract makes a platform confirmation binding the moment it appears.

SalmaMarkets is not licensed by this regulator, 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
Platform confirmationThe confirmation of your order is conclusive and binding on you immediately.17
2 Business Days after postingA confirmation or statement sent by post becomes conclusive and binding.17
2 Business Days after a phone objectionYour objection lapses unless you have confirmed it in writing by email.17
No objectionYour silence counts as ratification of everything Salma Markets did before you received the report.17
05

The main site now trades as AsiaMarkets and names no company, registered address or licence anywhere. Its terms page says the app comes from ASIAMARKETS MARKETS LLC, a name that appears in no agreement. Last time the same page named Salma Markets LLC.

Why this matters

If you open an account through AsiaMarkets, you cannot tell which company holds your money or where to sue it. The only agreement on offer is with Salma Markets LLC, through the Indonesian site.

Exhibit 16WarningNew

Application AsiaMarkets is an application developed by ASIAMARKETS MARKETS LLC ("AsiaMarkets ") to be used by the Clients to conduct transactions on trading platform.
Quoted in Privacy Policy
Read from the broker's site on Archived copyOpen the reference
Our own capture of salmamarket.asia, taken on Oct 24, 2026AsiaMarkets names no company, address or licenceVisit this page on the broker's siteDownload the full size image file

Where it sits: section 4 of 44 in the Privacy Policy, near the start.

  • Worse together with Exhibit 11The agreement sends disputes to the courts of Belize, and the AsiaMarkets site does not name the company you would have to sue there.

Salma Markets advertises protections its own agreement takes away

AsiaMarkets promises segregated accounts that keep your funds untouched, and the sign-up pages promise negative balance protection. Salma Markets' customer agreement lets it pledge and commingle client money, and makes you repay deficits left by weekend and holiday gaps. The Indonesian site asks you to accept that agreement in English only.

Promise against contract1 clause flagged

The Indonesian sign-up page promises localised service and asks you to tick that you accept the customer agreement. The agreement exists only in English, and clause 3.7 says you have read and understood it.

Why this matters

If you read Indonesian better than English, you are still treated as having understood every clause. Each later English version counts as understood the moment you open a trade.

Exhibit 14WarningStandard wording

Customer has read and understands the provisions contained in this Agreement, including Salma Markets’s Trading Policies and Procedures, and Customer will review the Agreement each time it is amended.
Clause 3.7 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.6
Read from the broker's site on Open the reference

Where it sits: section 8 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, near the start.

No hidden fees, until Salma Markets changes them without notice

Wire withdrawals from Salma Markets cost 0.2% with a $30 minimum, and Neteller withdrawals cost 2% capped at $30. Its agreement lets it change any fee without notice and add markups to accounts that partners introduced. It can also charge interest on positions held past 22:00 GMT.

Cost disclosure1 clause flagged

The sign-up page promises no swap, no commission and no hidden fees, yet wire withdrawals cost 0.2%, at least $30. The agreement lets Salma Markets change any fee without notice, and add commission or a wider spread if a partner introduced you.

Why this matters

AsiaMarkets promises introducers up to $12 a lot, and the agreement lets Salma Markets debit fees owed to an introducer from your account. Clause 11 also allows interest charges on positions held past 22:00 GMT, despite the swap-free claim.

Exhibit 7WarningHarder than usual$30

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 Open the reference

Where it sits: section 27 of 58 in the Withdrawal Options, 47% of the way through.

What it costsA $1,000 wire withdrawal at 0.2% would cost $2, but the $30 minimum applies, so $970 arrives. On $10,000 the fee is still $30.

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 the client trades. This contract lets Salma Markets change its fee structure at any time without notice.

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

Payouts promised in hours, contracted in at least two business days

Salma Markets' withdrawal page promises bank payouts in 1 to 2 hours, 48 at most. The last clause of its customer agreement requires a written request form signed by every account holder. It then allows at least two business days to pay.

Exit conditions1 clause flagged

The withdrawal page promises bank payouts in 1 to 2 hours, 48 at most. The agreement says every withdrawal needs a request form signed by all account holders, and allows at least two business days to pay.

Why this matters

If a payout takes days rather than hours, the agreement backs Salma Markets, not the page. On a joint account, every holder must sign before any money moves.

Exhibit 6WarningHarder 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.
Clause Trading Policies and Procedures, 9 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.25
Read from the broker's site on Open the reference

Buried at section 58 of 58 in the Withdrawal Options, 100% of the way through.

Salma Markets can reverse a closed trade and move money between your accounts

Salma Markets' customer agreement lets it reverse any trade it calls a quoting error, at a price it alone sets. Clauses 9 and 33 let it take cash from any of your accounts, even jointly held ones, to pay another account's debt. Neither power has a deadline or an appeal.

After the trade1 clause flagged

Salma Markets can move money and positions between any of your accounts at its sole discretion, including property you hold jointly with someone else. It can also apply cash in one account to a debt that arose in another, without notice.

Why this matters

A loss in your own account can be paid from a joint account you share with a partner. Nothing in the agreement protects the other holder's share.

Exhibit 10WarningHarder than usual

Customer hereby agrees that Salma Markets may, at any time and from time to time, in the sole discretion of Salma Markets, apply and transfer from any of Customer’s Accounts with Salma Markets to any of Customer’s other Accounts, whether held at Salma Markets or other approved financial institutions, any of the Contracts, currencies, securities or other property of Customer held either individually or jointly with others to another account.
Clause 33 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.19
Read from the broker's site on Open the reference

Buried at section 50 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, 86% of the way through.

A 50% bonus with a condition nobody wrote down

Salma Markets advertises a 50% deposit bonus of up to $10,000 as fully withdrawable after a required lot volume it never states. Clause 14 of its agreement lets it cancel any bonus at any time. It also points to a Bonus Policy that Salma Markets does not publish.

Promotion terms1 clause flagged

The bonus page adds 50% to your deposit and calls it fully withdrawable once you trade a required lot volume. It never says how many lots. The agreement lets Salma Markets cancel any bonus at any time, under a Bonus Policy it does not publish.

Why this matters

You cannot check whether you met the trading condition, because Salma Markets never wrote it down. On mere suspicion of abuse, it can withhold the bonus, block your access or close your account.

Exhibit 8WarningStandard wording50%

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 Open the reference

Where it sits: section 26 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, 45% of the way through.

What it costsA $1,000 deposit brings a $500 bonus. The $10,000 bonus cap is reached with a $20,000 deposit.

Salma Markets can change the contract and bind you with your next order

Clause 25 binds you to any change 10 days after Salma Markets posts it to the Website, or sooner if you place a new order. Clause 1.49 defines that Website as www.salmamarket.trade, an address that does not open.

Changing the deal1 clause flagged

Salma Markets can change the agreement at any time by posting the change on the Website or emailing you. The change binds you after 10 days, or sooner the moment you place any order that does not close a position. The agreement defines the Website as www.salmamarket.trade, an address that does not open.

Why this matters

You can be bound by a change you never saw, because the address where it should appear does not open. If you object, you have 10 business days to close every position and tell Salma Markets what to do with your money.

Exhibit 9WarningHarder 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 Open the reference

Buried at section 40 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, 69% of the way through.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Your next orderPlacing any order other than a liquidating order binds you to the change.25
Day 10The change binds you 10 days after it is posted to the Website or emailed.25
10 Business DaysIf you object, you must have closed your positions and told Salma Markets what to do with your assets.25
  • Worse together with Exhibit 14Each new English version binds you on your next order, and clause 3.7 treats that order as proof you read and understood it.

Disputes go to the courts of Belize under St Vincent law

Salma Markets' customer agreement applies the law of St. Vincent and the Grenadines but sends every proceeding to the courts of Belize. You waive any objection to that forum and any right to a jury trial.

Where you can sue1 clause flagged

The agreement is governed by the law of St. Vincent and the Grenadines, but any court case goes to the courts of Belize. You give up any objection to that forum and any right to a jury trial.

Why this matters

To sue Salma Markets you would need lawyers in Belize, far from the Indonesian and Malaysian banks its payment pages list. No complaints body or ombudsman appears anywhere in the documents.

Exhibit 11WarningHarder than usual

This Agreement is governed by, and shall be construed in accordance with the laws of St. Vincent and the Grenadines, without giving effect to any conflict of laws doctrine that would interfere with or prevent the application of this provision.
Clause 30 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.18
Read from the broker's site on Open the reference

Buried at section 46 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, 79% of the way through.

A slow answer can trigger default, and there is no privacy policy

Salma Markets' agreement makes a slow answer to any information request an Event of Default, which lets it close your positions without notice. The page AsiaMarkets labels Privacy Policy holds trading terms instead. The agreement lets Salma Markets share your data with affiliates and third parties.

Your information2 clauses flagged

If you do not promptly give Salma Markets any information it asks for, the agreement treats it as an Event of Default. That lets Salma Markets close your positions, cancel your orders and pay itself from your funds, without notice.

Why this matters

The agreement sets no deadline and no limit on what Salma Markets can ask, so it alone decides when you were too slow. A document request can end with your positions closed before you answer.

Exhibit 12WarningHarder than usual

(e) Customer's failure to promptly provide Salma Markets any information requested pursuant to this Agreement;
Clause 1.15 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.2
Read from the broker's site on Open the reference

Where it sits: section 2 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, near the start.

The page AsiaMarkets labels Privacy Policy holds trading terms instead, and says nothing about your data. The agreement lets Salma Markets pass your personal data to affiliates and third parties, and use it for marketing.

Why this matters

You cannot find out what Salma Markets keeps, for how long, or how to ask it to delete your data. The agreement also declares your trading results not confidential.

Exhibit 13WarningHarder than usual

APPLICATION AsiaMarkets TRADER TERMS AND CONDITIONS
Quoted in Privacy Policy
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 13 of 58 in the Privacy Policy, near the start.

Salma Markets sells STP execution and contracts as your counterparty

AsiaMarkets calls itself a 100% STP broker with no dealing desk. Salma Markets' agreement makes it the principal to every contract and lets it match clients' opposite orders. It also lets Salma Markets and its affiliates trade ahead of your order at the same or better price.

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.

Who is on the other side1 clause flagged

AsiaMarkets and the Indonesian Salma Markets site say every order goes straight to the market, with no dealing desk handling it in house. The agreement makes Salma Markets the other side of every contract you trade. It also lets Salma Markets and its affiliates fill their own orders ahead of yours, at the same or better price.

Why this matters

When Salma Markets is your counterparty, your loss is its gain. Trading ahead means the better price can go to Salma Markets before your order fills.

Exhibit 5WarningHarder than usual

All Contracts made and entered into by Salma Markets hereunder will be entered into by Salma Markets as principal.
Clause 4.2 in SALMA MARKETS CUSTOMER ONLINE AGREEMENT, p.7
Read from the broker's site on Open the reference

Buried at section 53 of 58 in the SALMA MARKETS CUSTOMER ONLINE AGREEMENT, 91% of the way through.

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

Firms licensed by the FCA or CySEC must handle client orders promptly, fairly and in turn, and must not misuse information about a pending client order. This contract reserves the right to trade ahead of you for Salma Markets and its affiliates.

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

The licence number is a company number, and AsiaMarkets names no company

Salma Markets LLC presents its company number 317 as a licence, while its agreement only says it is registered with the St Vincent authority. The main site, now branded AsiaMarkets, names no company at all. Our separate scam check covers the licence question itself.

Who you contract with1 clause flagged

The footer of the Indonesian site calls number 317 a Financial Services Authority licence for Salma Markets LLC. Its own support page calls the same number a Company No, and clause 13 only says the firm is registered with that authority.

Why this matters

A company number shows that a company exists, not that anyone supervises how it treats your money. Nothing in the agreement names a regulator you could complain to.

Exhibit 15Warning

LEGAL: Salma Markets LLC (St. Vincent and the Grenadines) Financial Services Authority License No. 317 Registered Address: Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, St. Vincent and the Grenadines.
Quoted in Kebijakan Privasi
Read from the broker's site on Open the reference

Where it sits: section 24 of 58 in the Kebijakan Privasi, 41% of the way through.

Where the marketing and the contract disagree

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

01

The Indonesian page promises segregated, untouched funds, while the agreement lets Salma Markets pledge and commingle the same money.

Said in public, in Indonesian

Sesuai dengan standar peraturan internasional, SalmaMarkets menggunakan akun terpisah untuk menjaga dana pelanggan yang dilindungi dipisahkan dari neraca perusahaan. Ini membuat dana Anda aman dan tidak tersentuh.

Word for word in English: In line with international regulatory standards, SalmaMarkets uses separate accounts to keep protected customer funds separated from the company's balance sheet. This keeps your funds safe and untouched.

Salma Markets Indonesian Advantages page, Rekening Terpisah (segregated accounts) section

In the contract · clause 9

Notwithstanding applicable laws or regulations, Salma Markets shall have the right to sell, pledge, rehypothecate, assign, invest, commingle and otherwise use any Collateral it holds

02

The main site calls your funds secure and untouched, while the agreement leaves Salma Markets as the only source of your money back.

Said in public, in English

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

AsiaMarkets Advantages page, Segregated Accounts section

In the contract · clause Risk Disclosure Statement, 7

Customer must look only to Salma Markets for performance on all Contracts in Customer’s Account and for return of any Margin or Collateral.

03

The sign-up page promises negative balance protection, while the agreement makes you repay deficits caused by weekend and holiday price gaps.

Said in public, in English

Negative Balance Protection Trading is safer with an automatic margin call when trading positions incur losses beyond your margin.

Open Account page on the Indonesian site, beside the box to accept the customer agreement

In the contract · clause 12

Customer shall only be liable for the payment of any deficit balance in Customer’s Account upon demand by Salma Markets where such deficits are the result of a mark to market after a weekend or holiday.

04

The Indonesian page promises negative balance protection, while the AsiaMarkets terms say your margin obligation is not limited to what you paid in.

Said in public, in Indonesian

Perlindungan Terhadap Saldo Negatif . Trading lebih aman dengan margin call otomatis apabila posisi trading mengalami kerugian di luar margin Anda.

Word for word in English: Protection against negative balance. Trading is safer with an automatic margin call when trading positions suffer losses beyond your margin.

AsiaMarkets Indonesian account opening page

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

In the contract

Obligation of the Client in relation to fulfillment of the Call Margin shall not be limited to total initial Margin.

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

05

The home page says market makers create a conflict and every order goes straight to the market, while the agreement lets Salma Markets trade ahead of you.

Said in public, in Indonesian

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: While many brokers have long chosen the more profitable approach of being a market maker, 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, where all orders are transmitted directly to the market without dealing desk intervention

Salma Markets Indonesian home page, Broker Terkemuka Asia section

In the contract · clause Risk Disclosure Statement, 10

Salma Markets its personnel and affiliates and various other parties may execute orders at the same or better prices ahead of a Customer Order.

06

The Indonesian page calls withdrawals quick and easy, while the agreement demands a signed written form and at least two business days.

Said in public, in Indonesian

Di AsiaMarkets, membuat setoran dan penarikan sangatlah mudah dan lurus ke depan dan hampir tidak menghabiskan waktu Anda.

Word for word in English: At AsiaMarkets, making deposits and withdrawals is very easy and straightforward and takes almost none of your time.

AsiaMarkets Indonesian withdrawal options page

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.

07

The sign-up page promises no hidden fees, while the agreement lets Salma Markets change its fees at any time without telling you.

Said in public, in English

Increase your profitability with spreads from 0.2 pips, no swap and commissions, and no hidden fees with AsiaMarkets.

AsiaMarkets Open Account page

In the contract · clause 15

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

08

The bonus page calls the bonus fully withdrawable, while the agreement lets Salma Markets cancel it at any time.

Said in public, in English

Trade a required lot volume and withdraw profit via any payment system

50% Deposit Bonus page, under the heading FULLY WITHDRAWABLE

In the contract · clause 14

At all times, Salma Markets reserves the right to retract or cancel any such promotion, bonus or special offer.

09

The Indonesian page promises localised service, while the agreement it asks you to accept exists only in English and deems you to understand it.

Said in public, in Indonesian

Bergabunglah dengan broker forex & CFD pemenang penghargaan global, dan rasakan serasa di rumah dengan layanan yang dilokalkan dan dijamin untuk pengalaman perdagangan online Anda.

Word for word in English: Join a global award-winning forex & CFD broker, and feel at home with services that are localised and guaranteed for your online trading experience.

Indonesian account opening page, beside the box to accept the customer agreement

In the contract · clause 3.7

Customer has read and understands the provisions contained in this Agreement, including Salma Markets’s Trading Policies and Procedures, and Customer will review the Agreement each time it is amended.

What changed quietly

The customer agreement, dated 20 August 2020, is unchanged since September, so every agreement clause flagged then still applies. New this time: the negative balance protection promise against clause 12, the defined Website in clause 1.49 that does not open, cross-account transfers in clause 33, the 50% bonus under clause 14, and a main site rebranded AsiaMarkets that names no company. We dropped the $10 bonus and country-list findings because that bonus is off the current sites and the country rule is only a footer; we now grade withdrawals, the Belize courts and trading ahead as warnings because none lets Salma Markets keep your money; the risk score stays at 8.5.

  • REWRITTENClause

    The terms page on the main site now credits the app to ASIAMARKETS MARKETS LLC, where it named SALMA MARKETS LLC before.

    Application AsiaMarkets is an application developed by ASIAMARKETS MARKETS LLC ("AsiaMarkets ") to be used by the Clients to conduct transactions on trading platform.

  • REMOVEDClause

    The footer lines that named Salma Markets LLC, its registered addresses and its licence numbers are gone from the main site.

The documents this reading is based on

3 files, all published by SalmaMarkets. 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 SalmaMarkets publishes.

How this reading was done

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

This reading was published on . It is the newest of 2 readings we keep of these documents. See every reading.

Documents
3 of 3downloaded from the broker's site, and 3 read in full
Pages opened
84pages walked to find those documents, footer links included
Older copies
6earlier versions downloaded
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
16clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Salma Markets LLC

Salma Markets LLC is the company in the customer agreement. Clause 13 calls it an Investment Firm registered with the St Vincent and the Grenadines Financial Services Authority, at Suite 305, Griffith Corporate Centre, Kingstown. The Indonesian site's sign-up page asks you to accept that agreement. Its support page calls 317 the firm's Company No, while the footer of the same page calls 317 a licence number. The footers also name a second Salma Markets LLC in Anjouan, Comoros, which the agreement never mentions. The main site, now AsiaMarkets, names no company or address, and its terms credit the app to ASIAMARKETS MARKETS LLC.

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.

Every time we have read this contract

We keep 2 readings of SalmaMarkets’ documents, newest first. Each one shows what we said at the time.

2 readings

What changed since Sep 20, 2026

The counts below are about our own list of clauses. A clause can join it because the broker added it, or because this reading found something the last one missed.

New on our list
6 clauses
Off our list
4 clauses
We rate critical
4 now, 6 then
Our risk score
8.5 out of 10, unchanged

The counts above are the totals each reading published. They show that a total moved. They do not yet say which single clause was added or dropped.

  1. CurrentRisk 8.5/1016 clauses4 critical
  2. Risk 8.5/1014 clauses6 criticalReplaced

We keep every past reading so you can check what we said before, and when we said it. Those pages are archived snapshots of an older contract, so search engines are asked not to index them.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Salma Markets publishes a fee table for every payment method, with minimums, charges and timings. Indonesian and Malaysian bank transfers cost nothing, Neteller withdrawals cost 2% capped at $30, and wires cost 0.2% with a $30 minimum. No document charges an inactivity or dormancy fee. The customer agreement opens without an account and keeps its risk disclosure and trading policies in the same file. It is the same file it has been since August 2020, so nothing has been added quietly. Clause 12 also limits the deficits you must repay to those left by a weekend or holiday price gap.

Salma Markets does not publish the Bonus Policy or the Customer Account Application that its agreement makes part of your contract. The partner sign-up page links its partner agreement to an address that does not open. The AsiaMarkets terms page stops in the middle of a sentence, and the review covers all of what is there. Neither Vietnamese site linked from the broker's pages was available, so the review compares no Vietnamese claims. The withdrawal form and any terms inside the client area need an account, so they are not covered. The salmamarkets.com pages from the previous review count here only as earlier versions, because the broker's current sites carry their own copies.

How to check any of this yourself

Every quote above links to the SalmaMarkets 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 SalmaMarkets 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 SalmaMarkets 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 24, 2026.

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

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