Terms of service
Last updated: TBC — set the date these terms take effect.
DRAFT. This document sets out the right structure and standard clauses, but it must be completed with your legal entity and reviewed by a qualified lawyer in your jurisdiction before publication. Every [BRACKETED] item is a required decision.
1. Who these terms are with
These terms form the agreement between you (“you”, “the client”) and [LEGAL ENTITY NAME], a company registered in [COUNTRY] under registration number [NUMBER], with its registered office at [ADDRESS], trading as Velton Markets (“we”, “us”, “the company”).
By opening an account, funding it, or using this website, you accept these terms. If you do not accept them, do not open an account.
2. Eligibility
You may open an account only if all of the following are true:
- You are at least [MINIMUM AGE] years old and have full legal capacity to enter into this agreement.
- You are not a resident or citizen of any territory listed in our restricted territories.
- You are acting on your own behalf and not for an undisclosed third party.
- The funds you deposit are lawfully yours and are not the proceeds of crime.
3. The services we provide
We provide an online platform through which you may trade contracts for difference on foreign exchange, metals, indices and commodities. We provide execution only. We do not provide investment advice, portfolio management, or personal recommendations, and nothing on our website or from our staff should be treated as such.
When you trade a CFD you do not own or acquire any right to the underlying instrument.
4. Account opening and verification
You must complete identity verification before you can withdraw funds. We may request proof of identity, proof of address, and proof of source of funds at any time, and we may suspend account activity until we receive it. See our AML and KYC policy.
You are responsible for keeping your login credentials secure and for all activity on your account. Notify us immediately at help@veltonmarkets.com if you suspect unauthorised access.
5. Deposits and withdrawals
- The minimum deposit is $5 on Standard, Raw Spread and Swap Free accounts, and $100 on Pro.
- We accept deposits in Nigerian naira by bank transfer, and in USDT, Bitcoin and Ethereum.
- Withdrawals are returned to the same verified client and, where practicable, by the method used to deposit.
- Withdrawal requests are processed automatically. We may hold a request for manual review where our automated checks flag it, or where verification is incomplete.
- [FEES — state any deposit or withdrawal fees, or confirm there are none.]
6. Trading conditions
Spreads, commission, swap treatment, leverage and minimum trade size for each account type are published on our website and form part of these terms. Spreads shown are typical from-levels and will vary with liquidity and market conditions.
Leverage magnifies both gains and losses. Margin call and stop-out levels apply as published; where your account equity falls below the stop-out level, open positions may be closed automatically without notice.
7. Prohibited conduct
You may not:
- Exploit pricing errors, stale quotes, latency, or any technical fault instead of genuine market movement.
- Engage in arbitrage against the speed or price of our feed relative to any external source.
- Coordinate offsetting positions across multiple accounts, your own or with others, to neutralise risk.
- Use the account on behalf of a third party, or sell, rent or transfer access to it.
- Overload our systems with automated order or request traffic.
Where we identify prohibited conduct we may void the affected trades, close the account and withhold associated profits. We will tell you in writing what we found and why.
8. Risk
Trading leveraged products carries a high degree of risk and can result in the loss of all your capital. Read our full risk disclosure before trading.
9. Liability
[LIABILITY — this clause must be drafted for your jurisdiction. Limitation-of-liability wording that is enforceable in one country is void in another, and consumer protection rules may override it entirely.]
10. Complaints
If you are unhappy with any aspect of our service, our complaints procedure explains how to raise it and what happens next.
11. Changes to these terms
We may update these terms. Where a change materially affects your rights we will give you [NOTICE PERIOD] notice by email before it takes effect. Continued use of your account after that date constitutes acceptance.
12. Governing law
[GOVERNING LAW — state the law that governs this agreement and the courts that have jurisdiction. This must match your entity’s country of registration.]
13. Contact
Email help@veltonmarkets.com.