Terms & Conditions
Bkquote Global Market Limited No: 2025-00089 The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
PART ONE - KEY FACTS SUMMARY AND DEFINITIONS
1. ABOUT US
Bkquote Global Market Limited ("the Company," "we," "our") is a legally registered and regulated entity providing online trading services, including operations with Contracts for Difference (CFD) and other financial instruments. Additionally, the Company also operates as a crypto asset exchange, allowing clients to buy, sell, and exchange cryptocurrencies through our platform. We provide access to a wide variety of cryptocurrency pairs and digital tokens, enabling both margin trading and spot trading. By opening a trading account with us and using our services, you agree to be bound by these Terms and Conditions, as well as by our Privacy Policy and any other document or policy incorporated by reference.
2. YOU HAVE NO INTEREST IN ANY UNDERLYING FINANCIAL INSTRUMENTS
When trading CFDs and other derivative instruments, you acknowledge that:
● You do not acquire any rights, title, or interest in the underlying financial instruments or crypto assets.
● Your exposure is limited solely to the difference between the opening and closing price of the contract or position.
3. YOU ARE RESPONSIBLE FOR YOUR DECISIONS
You are solely responsible for your investment decisions and for assessing the risks associated with them. The Company does not provide financial advice or guarantees regarding the profitability of trades.
4. THE IMPORTANCE OF MARGIN
● Trading on margin requires the deposit of an initial margin.
● You must maintain sufficient margin in your account to avoid the closing of positions.
● Margin calls may occur if the value of your account falls below the margin requirements.
● For crypto asset trades, margin requirements may vary due to market volatility.
5. TRADING AND RESULTANT TRANSACTIONS ARE NOT CARRIED OUT ON AN EXCHANGE OR MARKET
● Transactions executed through our platform are not subject to the rules of a regulated exchange or market.
● Quotes and execution of trades are determined by the Company and its liquidity providers.
● Crypto asset transactions may be subject to liquidity limitations due to the unregulated nature of cryptocurrency markets.
6. YOU MUST ACT ONLY FOR YOURSELF AND NOT ON BEHALF OF OTHERS
You agree to trade solely on your own behalf and not on behalf of or as a representative of any third party unless a legally documented and valid power of attorney exists.
7. LIMITED POWER OF ATTORNEY GRANTED TO THIRD PARTIES
If you authorize a third party (e.g., an account manager) to trade on your behalf, you assume full responsibility for all decisions and outcomes resulting from such trades.
8. FEES
● The Company charges fees and commissions for trades, currency conversion, and overnight funding.
● For cryptocurrency trades, additional fees may apply for blockchain transactions or network fees.
● The applicable fees are available on our website and are subject to periodic changes.
9. MARKET ABUSE AND UNFAIR TRADING
The following are strictly prohibited:
● Insider trading. ● Market manipulation.
● "Scalping," "sniping," or any other unfair trading strategy.
● Price or volume manipulation in cryptocurrency markets.
● Use of bots to generate artificial trading volumes in crypto markets.
● The Company reserves the right to close accounts that violate these rules.
10. TERMINATION
● Either you or the Company may close your trading account at any time upon written notice.
● The Company reserves the right to close or restrict account access if you violate these Terms and Conditions or for regulatory reasons.
DEFINITIONS
In this document, the following terms shall have the meanings set forth below:
1. Crypto Asset
A digital asset based on blockchain technology that uses cryptography to secure transactions and control the creation of new units. Examples include Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT.
2. Cryptocurrency Pair
A combination of two crypto assets that can be traded against each other (e.g., BTC/USDT or ETH/BTC).
3. Cryptocurrency Liquidity
The ease with which a cryptocurrency can be bought or sold without significantly affecting its price. Liquidity may vary depending on global supply and demand.
4. Cryptocurrency Exchange
A platform where cryptocurrencies can be bought, sold, and exchanged. The Company provides an internal exchange service to facilitate such transactions.
5. Network Fee
A fee paid to miners or validators of the blockchain network to process and confirm transactions.
6. Dynamic Spread for Cryptocurrencies
The difference between the buy and sell price of a cryptocurrency pair, which fluctuates depending on market conditions and volatility.
7. Market Order for Cryptocurrencies
An order to buy or sell a cryptocurrency at the best available market price at that time.
8. Limit Order for Cryptocurrencies
An order to buy or sell a cryptocurrency at a specific price or better. The order will only be executed if the market price reaches the defined limit price.
9. Volatility
The degree of variation in the price of an asset over a given period. Cryptocurrencies tend to be more volatile than other financial instruments.
10. Slippage
The difference between the expected price of a trade and the actual execution price. Slippage can occur in cryptocurrency markets due to low liquidity or high volatility.
11. Leverage in Cryptocurrencies
The use of borrowed funds to increase exposure to a cryptocurrency asset. Leverage magnifies both potential gains and potential losses.
12. Stablecoin
A cryptocurrency designed to maintain a stable value pegged to a fiat currency (such as USDT pegged to the US Dollar).
13. Trading Platform
The software or online interface provided by the Company to execute and manage trades.
14. Trailing Stop
An automatic order that adjusts the stop loss level as the market price moves in your favor.
15. US$
Abbreviation for the United States Dollar, the base currency used in the Company’s trading operations.
16. Margin Call
A notification that your account’s equity has fallen below the minimum margin requirement, requiring you to deposit additional funds or reduce your positions.
17. Margin Close-Out Protection
An automatic mechanism that closes open positions when the account equity falls below a specified margin threshold to prevent negative balances.
18. Pip
The smallest price increment in the value of a financial instrument.
19. Equity
The total value of your trading account, including available funds and floating profits or losses.
20. Initial Margin
The initial deposit required to open a leveraged position.
21. Rollover
The process of extending an open position into the next trading period, which may involve additional fees.
GENERAL TERMS RELATING TO OUR RELATIONSHIP WITH YOU
These Terms and Conditions constitute the entire agreement between you and the Company. ● If any provision of this agreement is found to be invalid, the remaining provisions shall remain enforceable. ● This agreement is governed by the laws of Saint Lucia.