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Contract reading

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

Every clause below is published by Trendo 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: Trending Markets (International) Ltd

sole discretionhidden feeprofit voidingbonus lockkyc freezelanguage arbitrageleverageunilateral amendmentwithdrawalsclass action waiver

Trendo's Persian pages sell rial deposits to Iranian users, but its English contract, which prevails, warns it may not serve countries embargoed by international sanctions. Trendo can turn away a trade complaint after 3 days, and any legal claim must start within one week. It can reverse profits it calls abusive, switch off negative balance protection, and decide compensation alone with no right for you to object. While any trade is open, only 30% of your balance can leave.

Back to Trendo

Contract risk

Money at risk
7.5/10

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

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
20
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
18
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
11

How the 20 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning9
Notice6

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.

Critical3 daysTime to complain. Jump to the clause this comes from.Three days to complain, one week to sue30%Withdrawal limit. Jump to the clause this comes from.Only 30% can leave while a trade is open200%Bonus requirement. Jump to the clause this comes from.$100 bonus needs 200% profit four weeks running$1000Document deadline. Jump to the clause this comes from.Easy to deposit, full checks before any withdrawal

What the documents say

20 clauses worth knowing about, worst first, each quoted from Trendo's own files

01

Trendo's Persian pages invite Iranian users to deposit in rial, while its contract warns it may not serve countries embargoed by international sanctions. You must confirm you do not live in a restricted country, and Trendo may freeze money linked to an embargoed location.

Why this matters

Iran is under international sanctions, and the contract never says whether Iran counts as embargoed. If Trendo decides it does, the contract already lets it freeze your deposit and close your account.

Exhibit 1CriticalStandard wording

This includes (but is not limited to) jurisdictions where offering CFD or forex trading requires a local license that Trendo does not hold at the moment, or countries embargoed by international sanctions.
Quoted in Trendo Client Terms and Conditions, p.5
Read from the broker's site on Open the reference

Our readingSanctions exclusions are ordinary in client agreements. The pairing is not: the Persian pages name Iranian users and the rial, while the English pages and the English contract, which prevails, mention neither. The Persian translation of the contract carries the same sanctions wording.

  • Worse together with Exhibit 13You can deposit on light checks, and the full identity check before any withdrawal is where an Iranian address meets the sanctions clause.
02

Trendo can reject a complaint about a trade if you file it 3 days after the event without a good reason. Any legal claim against Trendo must begin within one week of the event, or of when you learned of it, unless the law requires longer.

Why this matters

Trendo gives itself 14 days to answer a complaint, and up to eight weeks if it is complex. Your one week to start a legal claim can run out before Trendo replies.

Exhibit 2CriticalRarely seen3 days

We may reject a complaint about a trade execution if it’s filed 3 days after the fact with no compelling reason for the delay. Similarly, any legal claim you have against us must be initiated within one week from the event (or from when you became aware of the facts giving rise to the claim), unless a longer period is mandatorily prescribed by law.
Quoted in Trendo Client Terms and Conditions, p.39
Read from the broker's site on Open the reference

What it costsIf a trade goes wrong on a Monday, Trendo can turn away a complaint filed on Thursday. A court claim has to start by the following Monday.

Set against a regulated standard: FCA (UK)

Firms licensed by the FCA must tell a client that an unresolved complaint can go to the Financial Ombudsman Service, normally within six months of the final response. Trendo's contract gives one week from the event to start any legal claim.

Trendo is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingLimitation periods for contract claims are normally counted in years. This clause counts in days and runs from the event itself, so the only protection left is whatever minimum the law imposes.

  • Worse together with Exhibit 7With no ombudsman route left and one week to start a legal claim, you have little time and few places to take a dispute.
03

Trendo sells leverage that lets a small deposit control a large trade, then bans its excessive use around news, price gaps and volatile markets. If Trendo decides you crossed that line, it can reverse your profits, add penalties and close your account.

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

The clause targets trading meant to exploit conditions, but it never says how much leverage is too much. Trendo alone decides, and a profitable trade around a news release is the kind it can take back.

Exhibit 3CriticalHarder than usual

Abuse of trading conditions: Any trading conducted with the intention of exploiting trading conditions, including misuse of Negative Balance Protection, excessive use of high leverage during extreme volatility, price gaps, or news events, where deemed abusive by Trendo, is prohibited and may result in account restrictions, trade adjustments, or other corrective measures.
Quoted in Trendo Client Terms and Conditions, p.19
Read from the broker's site on Open the reference

Our readingAbuse clauses are common. This one adds a test, excessive leverage, that Trendo sells as a feature and never defines.

  • Worse together with Exhibit 6Trendo decides what was abusive, and the contract says you have no right to object to its compliance decisions.
04

Negative balance protection means a market crash cannot leave you owing Trendo money. Trendo can switch it off for abuse, a breach of its terms or abnormal conditions, and then bill you for the shortfall.

Why this matters

The protection exists for abnormal markets, the sudden gaps and crashes. A clause that lets Trendo lift it in abnormal conditions can leave you owing more than you deposited, at the worst moment.

Exhibit 4CriticalRarely seen

Trendo provides all retail clients with Negative Balance Protection (NBP), which means you cannot lose more money than you have deposited in your account.
Quoted in Trendo Client Terms and Conditions, p.17
Read from the broker's site on Open the reference
Set against a regulated standard: ESMA (EU), FCA (UK), CySEC (Cyprus)

Under ESMA's rules, also applied by the FCA and CySEC, a firm must give every retail CFD client negative balance protection, so losses cannot exceed the money in the account. Trendo's contract lets it withdraw that protection in abnormal conditions.

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

Our readingExceptions for abuse are common. An exception for abnormal conditions is not, because abnormal markets are the reason the protection exists. The contract's own summary of the protection lists only abuse and breach.

  • Worse together with Exhibit 3The same abuse rule that lets Trendo reverse profits also names misuse of negative balance protection, so one abuse finding can cost you both.
05

When a platform error costs you money, Trendo alone decides whether to compensate you, and the contract says you cannot object. In a dispute about your balance, Trendo's own server logs win.

Why this matters

The contract gives you no way to contest a refusal, and warns that harmful publicity about such incidents may bring legal action. What remains is the regulator's complaints portal and the courts of Mauritius.

Exhibit 6CriticalHarder than usual

Any determination regarding compensation or non compensation shall be made solely at Trendo’s discretion based on available data, trading records, and internal review, and the user shall have no right to object to or challenge Trendo’s final decision on such matters.
Quoted in Trendo Client Terms and Conditions, p.36
Read from the broker's site on Open the reference

Our readingSole-discretion clauses are common. Pairing one with a ban on objecting and a warning about harmful publicity is not.

06

While you have any position open, Trendo can stop you withdrawing more than 30% of your balance. On weekends and market holidays, one open trade in a closed market blocks withdrawals completely.

Why this matters

To reach the other 70% you must close your trades first, possibly at a loss. Trendo caps transfers between your own accounts the same way, and allows them only twice a day.

Exhibit 5WarningRarely seen30%

specifically, if you have positions open, you may be restricted from withdrawing more than 30% of your remaining balance.
Quoted in Trendo Client Terms and Conditions, p.10
Read from the broker's site on Open the reference

What it costsWith $1,000 in the account and one trade open, about $300 can come out. The other $700 stays until every position is closed.

Our readingThe cap is a flat share of the balance, not a margin test. One small open trade triggers it, however much spare margin you hold.

  • Worse together with Exhibit 15During a leverage cut the system can stop you closing a hedge, and while that trade stays open the 30% cap holds the rest of your balance.

Three costs Trendo's marketing leaves out

Trendo advertises $3 a lot, but the agreement charges $3 to open and $3 again to close. Trendo sells its Islamic account as free of extra fees, yet the agreement reserves an administration fee it never prices. Copy-trading managers can change their fees without notice, and Trendo may take an unstated cut.

Cost disclosure3 clauses flagged

Trendo sells its Islamic account, which drops the overnight interest charge called a swap, as having no extra fees. The contract keeps the right to charge you an administration fee on positions held for an extended period, and never states the amount.

Why this matters

You cannot know what holding a trade on this account will cost. The contract points you to a clause on swap-free accounts that appears nowhere in the document.

Exhibit 10WarningHarder than usual

However, if positions are held for an extended period, Trendo reserves the right to apply an alternative fee (administration fee) to cover costs, particularly where abuse of the swap-free facility for carry trading is identified.
Quoted in Trendo Client Terms and Conditions, p.14
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must tell a retail client about all costs and charges before the client trades. Trendo's contract reserves a fee on swap-free accounts without stating its size, its trigger or its timing.

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

Our readingFees on swap-free accounts are common. Leaving the size, the trigger and the length of an extended period undefined, and pointing to a clause that is missing, is the onerous part.

When you copy another trader, that manager can change the fee you pay at any time, without notice. If a monthly copy fee exceeds your balance, the account goes negative and you cannot withdraw until you pay it.

Why this matters

Trendo's copy-trading page promises fees set in advance and an account that cannot fall below zero, and the contract allows the opposite of both. Trendo may also take an unstated platform cut from managers' performance fees.

Exhibit 11WarningHarder than usual

However, Managers are permitted to change their fees at any time, and such changes may be applied without prior notice.
Quoted in Trendo Client Terms and Conditions, p.26
Read from the broker's site on Open the reference
Our own capture of trendo.com, taken on Oct 24, 2026The claim, on English copy trading page, features listVisit this page on the broker's siteDownload the full size image file

Trendo's trading rules page tells you to pay only $3 per standard lot, the usual unit of trade size. The contract charges $3 when you open and $3 again when you close, so a round trip costs $6.

Why this matters

Every trade you open you also close, so your real commission is double the headline. Further down, the same page does state $6 for opening and closing.

Exhibit 14NoticeStandard wording$6

Commissions: $3 per standard lot per side, meaning $6 round turn per standard lot.
Quoted in Trendo Client Terms and Conditions, p.14
Read from the broker's site on Open the reference

What it costsTen standard lots opened and closed cost $60 in commission, not the $30 the headline suggests.

Our readingCharging commission on each side of a trade is normal for this kind of account. The problem is only the headline.

Bonus profits are withdrawable until Trendo says they are not

Trendo's $100 welcome bonus unlocks only after 200% profit in each of four straight weeks, and even then the profits stay behind. Its 20% and 10% deposit bonuses promise fully withdrawable profits, but the agreement lets Trendo reverse them by its own final decision. The agreement also lets Trendo change bonus rules at any time, while the bonus pages promise prior notice.

Bonus conditions2 clauses flagged

Trendo's $100 no-deposit bonus unlocks only after 200% profit in each of four consecutive trading weeks. Even then you can take out only the $100, because every profit made on the bonus account stays behind.

Why this matters

The bonus page itself does not say that profits stay behind; only the help-centre article does. Neither says how the 200% is measured, and Trendo tells you to ask support.

Exhibit 8WarningRarely seen200%

To unlock the $100 bonus amount, you must generate at least 200% profit each week for four consecutive weeks in your bonus account.
Quoted in Trendo $100 No Deposit Bonus
Read from the broker's site on Open the reference

What it costsMeasured on the $100 starting balance, a single week at 200% is $200 of profit. Four such weeks in a row still release only the $100.

Our readingBonus terms usually set a trading volume to unlock a bonus. A 200% weekly profit target, repeated four times, with the profits forfeited at the end, is a different and far harder test.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
First trade on the bonus accountThe 28-day bonus period starts.
Each of the four trading weeksYou must make at least 200% profit that week, or the four-week run is broken.
Day 28Trendo checks the withdrawal conditions only after the 28-day period ends.
All conditions metOnly the $100 can be withdrawn or moved to your real account. Profits made on the bonus account stay behind.

Trendo's deposit bonus pages promise that profits made with a bonus are fully withdrawable. The contract lets Trendo reverse those profits if it decides you abused the bonus or lacked good faith, and calls that decision final.

Why this matters

The contract never defines good faith, and Trendo is its only judge. Trendo can undo a profitable run on bonus money after the fact.

Exhibit 9WarningHarder than usual

Trendo reserves the right to cancel any bonus and reverse related trading profits if we determine that a client engaged in abuse or did not act in good faith to meet the bonus terms.
Quoted in Trendo Client Terms and Conditions, p.12
Read from the broker's site on Open the reference

One week to sue, no ombudsman and no right to object

Trendo's agreement gives you one week to start any legal claim and lets Trendo reject a trade complaint after 3 days. Trendo alone decides compensation for its own errors, its records prevail, and its liability stops at three months of commission or $10,000. Since September 2026 its terms also say the Mauritius ombudsperson route does not apply to Trendo.

Complaint deadlines2 clauses flagged

Trendo's April 2026 terms said you might take an unresolved complaint to an ombudsman, an independent body that settles complaints against financial firms. The September version says the Mauritius ombudsperson route does not apply to Trendo, so the regulator's portal is the only outside complaint route.

Why this matters

Trendo's French, Russian, Arabic and Persian terms, which it still publishes, keep the old wording. The English version prevails, so the route Trendo shows those readers no longer applies to them.

Exhibit 7WarningHarder than usualNew

The Ombudsperson route identified by the portal applies to complaints concerning domestic FSC-regulated licensees and is not the route for complaints concerning this Global Business licensee.
Quoted in Trendo Client Terms and Conditions, p.38
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give retail clients access to an independent ombudsman that can order the firm to pay compensation. Trendo's English terms now say the Mauritius ombudsperson route is not for complaints about Trendo.

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

If Trendo is at fault, the most it owes you is the commission you paid in the previous three months or $10,000, whichever is lower. The cap does not touch your right to withdraw your own balance.

Why this matters

If you trade little, you pay little commission, so your ceiling stays tiny however large the loss Trendo caused. Fraud, gross negligence and wilful misconduct sit outside the cap.

Exhibit 12WarningHarder than usual$10000

Our liability to you for any and all claims, whether in contract, tort (including negligence), breach of statutory duty or otherwise, shall not exceed the amount of trading commissions you have paid to us in the three (3) months immediately preceding the event giving rise to the claim, or USD $10,000 (ten thousand US dollars), whichever is lower.
Quoted in Trendo Client Terms and Conditions, p.35
Read from the broker's site on Open the reference

What it costsAt $6 a round trip, a client who traded 50 standard lots in the last three months paid $300 in commission. $300 is then the most Trendo can owe that client for any claim.

Money goes in on light checks and comes out after full ones

Trendo may accept deposits under $1,000 in total on lighter identity checks, but holds that money and its profits until full verification. Before any withdrawal it can demand new documents, and it can hold a suspect request with no time limit.

Verification at exit1 clause flagged

Trendo may accept deposits under $1,000 in total on lighter identity checks, but you cannot withdraw that money or its profits until full verification. Before any withdrawal Trendo can also demand new documents, from selfies to proof of where your money came from.

Why this matters

The check that matters comes after your money is in, and Trendo can hold a suspect request with no deadline. For a client in Iran, the full check is where an Iranian address meets the sanctions clause.

Exhibit 13WarningHarder than usual$1000

For deposits below total sum of 1000 USD, we may allow deposits with lighter verifications, but you will not be able to withdraw those funds or any profits from them until full KYC is completed.
Quoted in Trendo Client Terms and Conditions, p.8
Read from the broker's site on Open the reference

Our readingIdentity checks before a withdrawal are normal anti-money-laundering practice. What is missing here is any time limit on a hold.

The licensed company may not be the one serving you

Trendo's agreement names Trending Markets (International) Ltd, licensed in Mauritius, as your counterparty. Its own pages add Trendo LLC in Armenia, which may serve you depending on your country, and a payment agent in Cyprus. Trendo may hold client money outside Mauritius in pooled accounts, and the agreement names no compensation scheme.

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.

Counterparty2 clauses flagged

The contract names Trending Markets (International) Ltd, licensed in Mauritius, as the company you deal with. Trendo's client fund safety page says that, depending on where you live, Trendo LLC in Armenia may serve you instead.

Why this matters

No document says which company serves clients in Iran or anywhere else. The licence Trendo advertises belongs to the Mauritius company, so a client of the Armenian company may fall outside it.

Exhibit 19Warning

“Trendo” is the trade name of Trending Markets (International) Ltd (Registration No. 227756), which is authorized and regulated by the Financial Services Commission of Mauritius (License No. GB25205094) and has its registered address at 4th Floor, The Docks 4, Caudan, Port Louis, Mauritius.
Quoted in Trendo Client Terms and Conditions, p.2
Read from the broker's site on Open the reference

Trendo keeps your money apart from its own, but pools it with other clients' money. It may hold that money with a payment provider outside Mauritius, and tells you it is not liable if a bank holding it fails.

Why this matters

The contract names no compensation scheme, so nothing in it would repay you if Trendo or its bank failed.

Exhibit 20NoticeStandard wording

However, you acknowledge that funds you send to us will typically be received into omnibus client accounts, meaning your money could be co-mingled with other clients’ funds in the same account (while still segregated from Trendo’s own funds).
Quoted in Trendo Client Terms and Conditions, p.13
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must belong to a compensation scheme that pays retail clients if the firm fails. Trendo's contract names no such scheme.

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

Trendo can lift the protection against owing more than you deposited

Trendo promises every retail client negative balance protection, then keeps the right to switch it off in abnormal conditions and bill you for the deficit. It also cuts leverage to 1:200 around news and the weekly close, and can then block you closing a hedge. New terms bind you once you keep trading.

Protections with exits2 clauses flagged

Trendo cuts leverage, which sets how large a trade your deposit can open, before major news and around the weekly close. In those windows the system can stop you closing one side of a hedge, meaning matched buy and sell trades.

Why this matters

When leverage falls, the same trade needs more money behind it, and a hedge may become impossible to unwind. Trendo can also cut leverage outside these windows at its discretion.

Exhibit 15NoticeHarder than usual

For example, from 60 minutes to 30 minutes before a significant news (marked “High” on our economic calendar), leverage might be cut down to 1:500 on relevant instruments; from 30 minutes before until 3 minutes after the news, leverage might be further reduced to 1:200.
Quoted in Trendo Client Terms and Conditions, p.16
Read from the broker's site on Open the reference

Our readingLeverage cuts around news are common among high-leverage brokers, and Trendo publishes its windows on its rules pages in English and Persian. Blocking a client from closing a position is the unusual part.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
60 to 30 minutes before high-impact newsLeverage on the affected symbols can fall to 1:500.
30 minutes before to 3 minutes after the newsLeverage on those symbols can fall to 1:200.
30 minutes before the Friday close to about 12 minutes after reopeningTrendo caps leverage on all instruments at 1:200.
During any of these windowsClosing one side of a hedge can need free margin, and the system can block it.

Trendo can rewrite this agreement, and if you keep trading you have accepted the new version. It promises 14 days of notice for significant changes only when possible, and can close your account on 7 days of email notice.

Why this matters

Notices may arrive only by email or platform message, and the contract treats them as received. You have to keep checking the terms yourself to know what you agreed to.

Exhibit 16NoticeStandard wording14 days

We will give at least 14 days’ notice for significant changes, when possible, so you have time to review them.
Quoted in Trendo Client Terms and Conditions, p.39
Read from the broker's site on Open the reference

Clients sue in Mauritius, Trendo can pursue them anywhere

Trendo's agreement sends client disputes to the courts of Mauritius under Mauritian law and waives class actions. Trendo keeps the right to bring recovery actions in any country where a client has assets.

Forum1 clause flagged

Trendo's contract sends your disputes to the courts of Mauritius under Mauritian law, and you give up any class action. Trendo keeps the right to pursue you in any country where you have assets.

Why this matters

For a client in Tehran or Moscow, a lawsuit in Port Louis is costly and slow. You cannot share that cost with other clients, because the contract waives group claims.

Exhibit 18NoticeHarder than usual

You agree to the jurisdiction of Mauritius courts for settling any disputes. However, Trendo reserves the right, if it chooses, to pursue recovery actions in any jurisdiction necessary (for example, if you owe us money or have assets in another country, we might pursue local legal proceedings there).
Quoted in Trendo Client Terms and Conditions, p.39
Read from the broker's site on Open the reference

No dormancy fee today, closure after a year

Trendo marks an account inactive after 90 days without a trade and keeps the right to add a monthly dormancy fee later. After 12 months idle it may close the account, and unclaimed money can end up with a government office.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

Trendo labels your account inactive after 90 days without a trade and keeps the right to start a monthly dormant-account fee. After 12 months idle it can close the account and send the balance back to you through your last payment method.

Why this matters

If Trendo cannot reach you, the contract lets it hand your money to a government unclaimed-asset office. Keep your email current, or close the account yourself.

Exhibit 17NoticeStandard wording90 days

If your account shows no trading activity for an extended period (we define inactivity as no trades for 90 days or more), Trendo may label the account “Inactive”.
Quoted in Trendo Client Terms and Conditions, p.20
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 90 without a tradeTrendo may label the account inactive. There is no fee today, but it may add a monthly dormant-account fee.
12 months inactiveTrendo may close the account and send the balance to your last known payment method, or hold it for you to claim.
Trendo cannot reach youYour money may go to a government unclaimed-asset office under the law.

Where the marketing and the contract disagree

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

01

The Persian bonus terms court Iranian users with rial deposits, while the English contract warns that Trendo may not serve countries embargoed by international sanctions.

Said in public, in Persian

بونوس روی تمام درگاه‌های پشتیبانی‌شده قابل دریافت است: برای کاربران ایرانی شامل واریز ریالی و رمزارزی و برای کاربران غیرایرانی شامل رمزارز، وایز و مسترکارت می‌شود.

Word for word in English: The bonus can be received on all supported gateways: for Iranian users this includes rial and crypto deposits, and for non-Iranian users crypto, Wise and Mastercard.

Persian terms of the 20% first deposit bonus

In the contract

This includes (but is not limited to) jurisdictions where offering CFD or forex trading requires a local license that Trendo does not hold at the moment, or countries embargoed by international sanctions.

02

The Persian page sells leverage for big profits on small moves, while the contract can punish excessive leverage around news and volatile markets.

Said in public, in Persian

با اهرم تا ۱:۲۰۰۰، می‌توانید پوزیشن‌های بزرگ‌تری بگیرید و از حرکات جزئی قیمت سود قابل توجه بسازید.

Word for word in English: With leverage of up to 1:2000, you can take bigger positions and make considerable profit from small price movements.

Persian leverage rules page, benefits section

In the contract

Abuse of trading conditions: Any trading conducted with the intention of exploiting trading conditions, including misuse of Negative Balance Protection, excessive use of high leverage during extreme volatility, price gaps, or news events, where deemed abusive by Trendo, is prohibited and may result in account restrictions, trade adjustments, or other corrective measures.

03

The payment page promises withdrawals within minutes, while the contract does not guarantee same-day processing.

Said in public, in English

Deposits and withdrawals on Trendo are processed within minutes and without any fees.

English deposit and withdrawal page, opening line

In the contract

We do not guarantee same-day processing in all cases – processing might be delayed if we need to perform additional verification or if there is high volume.

04

The bonus terms call bonus profits fully withdrawable, while the contract lets Trendo reverse them by its own final decision.

Said in public, in English

The bonus is credited as trading margin; all profits generated using the bonus are fully withdrawable with no volume or time restrictions.

English terms of the 20% first deposit bonus

In the contract

Trendo reserves the right to cancel any bonus and reverse related trading profits if we determine that a client engaged in abuse or did not act in good faith to meet the bonus terms.

05

The Islamic account page promises no extra fees, while the contract reserves an administration fee it never prices.

Said in public, in English

No. Trendo adds no extra fees to the Islamic account, and the trading conditions are exactly the same as on every other account, with no hidden charges.

English Islamic account page, questions section

In the contract

However, if positions are held for an extended period, Trendo reserves the right to apply an alternative fee (administration fee) to cover costs, particularly where abuse of the swap-free facility for carry trading is identified.

06

The headline says $3 a lot, while the contract charges $3 on each side of a trade.

Said in public, in English

Pay only $3 per standard lot.

English trading rules page, commission feature box

In the contract

Commissions: $3 per standard lot per side, meaning $6 round turn per standard lot.

07

The copy trading page promises fees fixed in advance, while the contract lets managers change them without notice.

Said in public, in English

The membership fee or profit share is defined in advance; no hidden costs or sudden mark-ups.

English copy trading page, features list

In the contract

However, Managers are permitted to change their fees at any time, and such changes may be applied without prior notice.

08

The page says your equity cannot drop below zero, while the contract says a copy fee can push it negative and lock withdrawals.

Said in public, in English

Negative balance protection policy and the manager’s least deposit keep your equity from dropping below zero.

English copy trading page, features list

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

In the contract

it may go negative (we’ll then treat that as any negative, which we would cover but the investor wouldn’t be able to withdraw until they settle it).

09

The French terms still point to an ombudsman, while the English terms, which prevail, say that route does not apply to Trendo.

Said in public, in French

Par exemple, en tant qu’entité réglementée à Maurice, si une affaire n’est pas résolue, vous pourriez contacter la Financial Services Commission (FSC) de Maurice ou tout ombudsman pour les services financiers si disponible.

Word for word in English: For example, as an entity regulated in Mauritius, if a matter is not resolved, you could contact the Financial Services Commission (FSC) of Mauritius or any ombudsman for financial services, if available.

French client terms, last updated 08.04.2026, linked from Trendo's French terms page

In the contract

The Ombudsperson route identified by the portal applies to complaints concerning domestic FSC-regulated licensees and is not the route for complaints concerning this Global Business licensee.

10

The safety page says your Trendo company depends on your country, while the contract names only the Mauritius company.

Said in public, in English

Depending on your country of residence, you receive Trendo’s services through one of these companies.

English client fund safety page, financial supervision section

In the contract

“Trendo” is the trade name of Trending Markets (International) Ltd (Registration No. 227756), which is authorized and regulated by the Financial Services Commission of Mauritius (License No. GB25205094) and has its registered address at 4th Floor, The Docks 4, Caudan, Port Louis, Mauritius.

11

The about page says the licensed company is registered in Armenia, while the contract says it is registered in Mauritius.

Said in public, in English

Trendo operates as Trendo Ltd, registered in Armenia and authorized by the Financial Services Commission of Mauritius — with client funds held in segregated accounts.

English about page, regulation block

In the contract

“Trendo” is the trade name of Trending Markets (International) Ltd (Registration No. 227756), which is authorized and regulated by the Financial Services Commission of Mauritius (License No. GB25205094) and has its registered address at 4th Floor, The Docks 4, Caudan, Port Louis, Mauritius.

What changed quietly

Trendo's documents are being reviewed for the first time.

  • REWRITTENClause · 08.04.2026 to 15.09.2026

    The September version drops the ombudsman and the alternative dispute route, and says the Mauritius ombudsperson route does not apply to Trendo.

    The Ombudsperson route identified by the portal applies to complaints concerning domestic FSC-regulated licensees and is not the route for complaints concerning this Global Business licensee.

  • REMOVEDClause · 08.04.2026 to 15.09.2026

    Trendo no longer promises to tell you where to go next if its final answer does not satisfy you.

The documents this reading is based on

18 files, all published by Trendo. 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 Trendo publishes.

How this reading was done

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

This reading was published on .

Documents
11 of 18downloaded from the broker's site, and 11 read in full
Pages opened
82pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded, 1 identical to the copy we hold by fingerprint
Marketing pages
11public pages set against what the contract says
Languages
EN vs FA vs FRthe language it advertises in, against the language it contracts in

Who the contract is with

Trending Markets (International) Ltd

The agreement is with Trending Markets (International) Ltd, registration 227756, licensed by the Financial Services Commission of Mauritius under GB25205094. Its complaints section calls this a Global Business licence. Trendo's licensing and about pages call the licence holder Trendo Ltd, and the about page says Trendo Ltd is registered in Armenia. Its client fund safety page says that, depending on your country, Trendo LLC of Yerevan, Armenia, registration 271.110.1214359, may serve you instead, and that page names no regulator for it. TrendoPay Services Ltd of Limassol, Cyprus, may handle payments as payment agent or merchant of record. The privacy policy lets Trendo share your data with Trendo LLC as a group company. No document says which company serves a client in Iran.

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

Trendo publishes its full client agreement in English, with dated French, Russian, Arabic and Persian versions. Its April 2026 English version is still on its server, so anyone can check what changed. The French, Russian and Persian translations repeat the hardest clauses, including the one-week claim limit, rather than leaving them out. The agreement explains itself with worked examples, from the 30% withdrawal rule to the bonus deduction. Trendo charges no fee of its own on deposits, withdrawals or internal transfers, and no inactivity fee today. Its rules pages set out the exact leverage cuts around news in English and Persian, and the liability cap expressly leaves your own balance withdrawable.

This review covers Trendo's English client agreement of 15 September 2026 in full. It covers the French and Russian versions in part, chiefly the liability, complaints and time-limit sections, and the Persian version for its sanctions, negative balance, complaints and time-limit sections. The Arabic version is covered only for its date and its complaints section. The review does not cover the French privacy policy or the Persian cookie policy, and covers the English privacy policy only for data sharing, transfers and retention. Four document links on Trendo's sites lead to pages that no longer exist: the cookie, privacy and risk warning links on trendo.com and an English privacy link on the Persian site. The previous English agreement, dated 8 April 2026, is still on Trendo's server. Between that version and the current one, only the complaints section changed in substance. The bonus terms, payment pages and marketing claims quoted here are web pages as they stood on 24 October 2026, and they can change without a new version date. No document says which Trendo company serves clients in Iran or any other country. For the agreement we give page numbers rather than paragraph positions.

How to check any of this yourself

Every quote above links to the Trendo 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 Trendo 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 Trendo 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 Trendo 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 Trendo. Whether its licence is real and current is a separate check on the broker profile.

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