Trading terms and rules

Last updated: TBC — set the date this document takes effect.

DRAFT. Figures below match our published pricing. Every [BRACKETED] item is a decision you must confirm — particularly the leverage-tiering thresholds — and this document should be reviewed by a lawyer before publication.

1. Account types and pricing

Commission is round turn per standard lot. Spreads shown are typical from-levels on major pairs and vary with liquidity and market conditions. Minimum trade size is 0.01 lot on every account.

We may change published pricing. Material changes are notified by email and take effect on the date stated in that notice.

2. Leverage

Leverage magnifies gains and losses equally. The maximum leverage available to you is the lower of the account limit above and any instrument-specific or condition-specific limit set out below.

2.1 Equity-based adjustment

Maximum leverage is adjusted automatically, without prior notice, by reference to account equity (balance plus floating profit and loss, swap and commission).

[EQUITY TIERS — confirm your thresholds. A conventional ladder reduces leverage as equity grows, for example unlimited or 1:2000 below $5,000, 1:1000 to $40,000, 1:500 to $100,000 and 1:200 above that. Set these against your own risk appetite and your liquidity provider’s terms, not by copying a competitor.]

2.2 Unlimited leverage

[UNLIMITED LEVERAGE CONDITIONS — where you advertise leverage as unlimited, state the conditions precisely: the equity ceiling above which it no longer applies, any minimum traded volume before it becomes available, and the instruments it covers. Advertising unlimited leverage without published conditions is the single most disputed term in this industry.]

2.3 Reduced leverage around news and session events

We may reduce leverage before, during and after major economic releases, around market open and close, and over weekends and public holidays. Where reduced limits apply we publish the windows and the applicable leverage on our website, and the published values prevail over any general figure in this document.

3. Margin, margin call and stop-out

You must maintain sufficient margin for your open positions. Margin required depends on instrument, leverage and position size.

• Margin call: we may notify you when equity falls to [MARGIN CALL %] of used margin. We are not obliged to notify you, and you should not rely on receiving a call.
• Stop-out: we may begin closing positions when equity falls to [STOP-OUT %] of used margin, and may close all positions at market prices without further notice.
• Hedged positions: where you hold equal and opposite volume in the same instrument, no margin is required on the hedged portion. Margin applies to the net uncovered position.

Closure at stop-out may occur at a materially worse price than the level displayed, particularly in fast markets.

4. Swap and financing

All Velton Markets account types are zero swap: no overnight interest is charged or credited on positions held overnight. Where any instrument-specific financing or storage charge applies, it is published in that instrument’s trading details on our website.

5. Order handling

• Orders execute on our servers at the price available when received.
• Stop-loss and take-profit orders are not guaranteed at your stated price; a triggered stop becomes a market order.
• Gaps at market open, around news, and in thin liquidity may cause fills materially away from your level.
• We may void a trade resulting from a manifest pricing error or a technical fault.

6. Prohibited trading practices

You may not:

1. Exploit technical errors. Trading on mispriced quotes, stale or delayed feeds, platform faults or any pricing error rather than genuine market movement.
2. Latency or feed arbitrage. Profiting from the speed or price difference between our feed and any external source.
3. Coordinated or cross-account activity. Opening offsetting or opposite positions across multiple accounts — your own, or in concert with others — to neutralise risk or extract a bonus or rebate. A genuine hedge within a single account is permitted.
4. Third-party account use. Trading an account that is not yours, or selling, renting or transferring access to your account.
5. Server abuse. Order or request traffic that overloads our platform.
6. Abuse of promotions. Opening multiple accounts, or using another person’s identity, to claim a promotion more than once.

7. Automated and high-frequency trading

High-frequency trading and automated trading are not permitted on Velton Markets accounts. This includes Expert Advisors, trading robots, scripts, algorithmic execution systems, and any latency-sensitive or ultra-high-speed strategy, whether written by you or obtained from a third party.

Where we identify automated trading on an account, the account is disabled automatically. Your initial deposit is returned to you in full, subject to verification and to the third-party funding rule in clause 9. Profits generated on the account are forfeited.

We will notify you in writing that this has happened and on what basis. If you believe the determination is wrong, you may raise it through our complaints procedure, and we will review the account records before the position becomes final.

COMMERCIAL NOTE, not for publication — competing brokers permit Expert Advisors and prohibit only HFT and latency arbitrage. EAs are widely used by retail traders in your target markets. If you want to narrow this rule, replace the first paragraph with a prohibition on high-frequency and latency-sensitive execution only, and delete the reference to Expert Advisors and scripts. The rest of the clause continues to work.

8. Consequences of breach

Where we identify a breach of clauses 6 or 7 we may, proportionately to what we find:

• void the affected trades and remove the profit attributable to them;
• disable the account and return the initial deposit while forfeiting profits, as set out in clause 7;
• close the account and terminate the client agreement.

We will tell you in writing what we found and what we have done. Your right to complain and have the decision reviewed is unaffected.

9. Deposits and withdrawals

• Minimum deposit is $5 on Standard, Raw Spread and Swap Free, and $100 on Pro.
• We accept Nigerian naira by local bank transfer, and USDT, Bitcoin and Ethereum.
• Third-party deposits and withdrawals are not permitted. Funds must originate from, and be returned to, an account or wallet in your own name. A deposit that does not satisfy this will be rejected or returned to source, and any cost of doing so may be deducted.
• Withdrawals are returned by the method used to deposit where practicable.
• Withdrawal requests are processed automatically. We may hold a request for manual review where verification is incomplete or our checks flag it, and we will tell you when we do.
• Crypto withdrawals are final once broadcast. We cannot recover funds sent to an address you supplied incorrectly.

10. Payment partners

Deposits and withdrawals are processed by third-party payment partners, not by Velton Markets directly. Those partners set their own processing times, limits and fees, and may apply their own verification requirements.

We are not liable for delay, failure or loss caused by a payment partner, a bank, a card scheme or a blockchain network. Where a partner holds or reverses a transaction we will tell you what we have been told and help you pursue it, but the outcome may not be within our control.

11. Review

We may amend these terms. Material changes are notified by email before they take effect. Where a change is required by law, by a regulator or by a payment partner, it may take effect immediately.

Contact

Questions about this document? Email help@veltonmarkets.com or see our contact page.