Terms and Conditions
This is the version currently in force — the same text every client accepts when registering on the platform.
1Definitions and scope
"The Company" or "we" refers to IKLIL MARKETS. "Client" or "you" refers to the natural or legal person opening an account with us. "Platform" refers to our websites, applications and trading systems.
These terms form a binding agreement between you and the Company. By opening an account or using the Platform you confirm that you have read, understood and accepted them in full.
The Privacy Policy, the Anti-Money-Laundering Policy and the Risk Warning form an integral part of this agreement and are read with it as one instrument. Clause headings are for convenience and do not affect interpretation.
2Client eligibility
You must be at least eighteen years old with full legal capacity, and must not be resident or a citizen of a jurisdiction where this activity is prohibited or subject to restrictions we do not meet.
You confirm that the funds you deposit are your own and lawfully sourced, and that you are not acting for a third party without our written consent.
3Nature of the service
We provide order execution on contracts for difference. These are cash-settled derivatives that do not involve ownership of the underlying asset.
The Company operates a dealing-desk execution model, which means it may act as the counterparty to your trades. We disclose this openly because it creates a potential conflict of interest, which we manage through internal pricing and execution policies.
We give no investment advice, do not manage your money, and take no trading decisions on your behalf.
4Account opening and verification
Account opening is subject to our approval and to completion of know-your-customer procedures. We may request further documents at any time.
You are responsible for the accuracy of your details and for keeping them current. Incorrect details may lead to suspension or refusal of a withdrawal.
The account is personal and non-transferable. You alone are responsible for keeping your credentials confidential and for all activity carried out through your account.
5Orders and execution
Orders are executed at the prices available to us at the moment of execution. The execution price may differ from the price shown when the order was sent, due to market movement or connectivity (slippage).
We may refuse or cancel an order in defined circumstances including a closed market, insufficient margin, an evident technical fault, or a manifestly erroneous price.
We reserve the right to amend or cancel trades executed at erroneous prices caused by a technical fault or corrupted price feed, with notice to you and a documented reason.
The platform supports market orders filled immediately at the available price, and pending orders (limit and stop) that trigger when your set price is reached, with stop-loss, take-profit and trailing-stop attachable to every position, and partial closing whenever you choose.
6Margin, margin call and stop-out
You must maintain sufficient margin to cover your open positions at all times. Monitoring your margin level is your responsibility.
When your margin level reaches the threshold for your account type you receive a margin call notice. At the stop-out level positions are closed automatically, starting with the largest loss.
Margin call notification is an additional service, not an obligation. Its non-delivery for any reason does not relieve you of responsibility for managing your positions.
Margin level is the ratio of equity to used margin. For example, equity of 1,000 USD against 500 USD of used margin means a 200% level. The lower the ratio falls, the closer your positions move to margin call and then automatic closure.
7Fees and costs
Trading cost comprises the spread, commission on the account types that specify it, and swap charges on positions held between trading days.
The Company charges no deposit fee and no withdrawal fee, and the cryptocurrency network cost on a withdrawal is borne by the Company on your behalf, so the amount you requested reaches you in full, exactly as requested.
We may apply an inactivity fee to long-dormant accounts after giving you reasonable prior notice.
Swap charges are applied at the end of the trading day to open positions, and may be charged at triple rate on Wednesdays to cover the weekend, in line with market convention. Swap values per instrument are published inside the platform and may change with market conditions.
8Deposits and withdrawals
Deposits are credited once confirmed by the payment provider. Withdrawals are executed after review and verification of the requester identity.
Withdrawals are made to the same payment method used for the deposit and solely in the account holder name. We do not transfer to third-party accounts under any circumstances.
We may suspend a withdrawal linked to an ongoing investigation into suspicious activity, notifying you to the extent the law permits.
The payment method must be registered in your own name; deposits arriving from instruments held in another person's name are rejected. Withdrawal requests are processed during business hours in order of arrival, and arrival of funds after execution varies with the method, network or issuing bank.
9Prohibited use
Exploiting pricing errors, feed latency or technical vulnerabilities is prohibited, as is using automated systems designed to burden our infrastructure.
Market manipulation, opening multiple accounts to circumvent limits or promotions, and impersonating others are prohibited.
Where any of this is established we may void the resulting profits, freeze or close the account, and notify the competent authorities where appropriate.
10Limitation of liability
We make reasonable efforts to keep the Platform available without interruption, but we do not guarantee continuity of service or freedom from faults.
We are not liable for losses caused by your internet connection, a fault in your device, force majeure, or the act of a third party outside our control.
Our total liability in any event shall not exceed the fees we collected from you in the twelve months preceding the event giving rise to the claim.
In no event are we liable for indirect or consequential damages, including lost profit or lost opportunity, even if advised of their possibility. Nothing in this clause limits liability that the law does not permit to be limited.
11Amendment and termination
We may amend these terms. The updated version is published on this page and takes effect from its publication date; continued use constitutes acceptance.
You may close your account at any time once positions and obligations are settled. We may end the relationship on reasonable notice, or immediately upon a material breach.
12Governing law
This agreement is governed by the laws of [jurisdiction to be specified], whose courts have jurisdiction over any dispute arising from it.
Where translated versions of this document differ, the [reference language to be specified] version prevails.
13Communications and notices
Notices are sent to the email address registered with us or through platform messages, and are deemed received twenty-four hours after dispatch unless proven otherwise. Keeping your contact details current and checking your inbox regularly is your responsibility.
Our correspondence and system records are stored electronically and serve as evidence of the communication and its content unless reliable evidence to the contrary is produced.
14Complaints and dispute resolution
Complaints are submitted in writing through support, describing the event together with the account number and the transactions concerned. We acknowledge receipt within five business days and issue a final response within thirty days, unless the case requires longer, in which case we notify you.
If you are not satisfied with the outcome you may refer the matter to the competent authorities under clause 12. Filing a complaint does not suspend your obligations towards your open positions.
15Promotions and bonuses
Any bonus or promotional offer is governed by the conditions published when it is granted, and funds credited as bonus are not withdrawable unless expressly stated otherwise.
We may amend or end promotions, and may void bonuses and the profits derived from them where their conditions are abused - including multiple accounts or cross-hedging for double benefit.
16Intellectual property
The platform, its software, designs, marks and content belong to the Company or are licensed to it. You receive a personal, non-exclusive, non-transferable licence to use the platform for trading on your own account only.
Copying the platform or any part of it, reverse engineering it, or redistributing its data or prices without prior written consent is prohibited.
17Force majeure
We are not liable for failure caused by events beyond our reasonable control: war and unrest, natural disasters, infrastructure or communications outages, acts of authorities, or exceptional market disruption that prevents pricing or execution.
While force majeure persists we may, to the extent necessary and to protect both parties, suspend or restrict trading, adjust margin requirements, or close open positions at fair available prices.
18General provisions
If a competent body finds any clause invalid, the remaining clauses stay in force. Our not exercising a right is not a waiver of it.
You may not assign your rights or obligations under this agreement; the Company may assign them to an affiliate or legal successor with notice to you. This document, together with the policies referred to in it, is the entire agreement between the parties.
19Appropriateness assessment
When you open an account we may ask about your experience and knowledge of leveraged products to assess whether they are appropriate for you, and we may warn you where they appear not to be. The assessment is not advice and guarantees nothing; the final decision is yours alone.
The assessment relies on the information you provide; incomplete or inaccurate information weakens the protection it is meant to give.
20Dormant accounts
An account is treated as dormant after a period of inactivity announced on the platform. A periodic maintenance fee may be applied to dormant accounts after notice to you, and never beyond the available balance.
When activity resumes or you ask for reactivation the fee stops, and withdrawal of the balance remains available under the usual verification procedures.
21Taxes
You alone are responsible for any tax obligations arising from your trading in your country of residence, including declaration and payment. We give no tax advice and withhold no taxes on your behalf unless the law obliges us to.
Where the law obliges us to withhold or disclose, we will comply and notify you to the extent permitted.
22Client representations
You confirm that you trade on your own independent decision and at your own risk, that you have not relied on any offer or content of ours as a promise of profit, and that you understand the risks of leveraged products set out in the risk warning.
You also confirm that you understand technology risks - connection loss, execution delay and device failure - and that they can occur despite reasonable care by both parties.