1. Acceptance of these terms
These Terms & Conditions ("Terms") govern your use of the UNICKONFX website, trading platforms, mobile apps and related services (the "Services"). By opening an account, using a demo account or otherwise using the Services, you agree to these Terms, our Privacy Policy and our Risk Disclosure.
If you do not agree, do not use the Services.
2. Eligibility
To use the Services you must:
- be at least 18 years old and able to enter a legally binding contract;
- provide accurate, complete and current information about yourself;
- not be located in, or a resident of, a country where using the Services would be illegal; and
- use the Services only for yourself and not on behalf of anyone else, unless we agree in writing.
It is your responsibility to make sure that trading through the Services is permitted where you live.
3. Your account
When you apply for an account, our team reviews your application and contacts you with your login details and next steps. We may ask for documents to verify your identity and address, as described in our AML & KYC Policy, and we may refuse or close an account at our discretion.
You are responsible for keeping your login details confidential and for all activity on your account. Tell us immediately if you believe someone else has accessed it.
You may hold only one live account unless we agree otherwise.
4. Our services
UNICKONFX provides access to trading platforms, market prices, charting tools and support for the products listed on our website, including derivatives, commodities, cryptocurrencies, forex and US stocks.
Unless we expressly agree otherwise in writing, we act on an execution-only basis. We do not give investment, legal or tax advice, and nothing on our website or platforms is a recommendation to buy or sell any instrument.
Demo accounts use virtual funds for practice. Results on a demo account do not reflect or guarantee results on a live account.
5. Orders, pricing and execution
- All orders are executed, and profit and loss is calculated, at the live bid and ask prices — never at the last traded price (LTP) or the previous day's close.
- Charts show the last traded price, so chart screenshots cannot be used to dispute an execution price.
- Orders are filled at the price available when they are processed, which may differ from the price you saw, especially in fast or illiquid markets. A stop-loss does not guarantee a close at the stop price.
- Stop-loss orders may only be used to protect positions you already hold. Positions opened through stop-loss orders may be removed, and pending orders may be cancelled at our discretion.
- Orders for positions you do not hold, or that exceed your limits, are not accepted.
- If the exchange halts trading in an instrument, new trading in it is suspended on the platform until the exchange resumes it.
If a trade is executed at a clearly wrong price because of a system or price-feed error, we may cancel it or correct it to the true market price. Instruments, contract sizes, trading hours, spreads and margins are shown on the platform and our margin sheet and may change with market conditions.
6. Margin, leverage and closing positions
Leveraged trading lets you open positions larger than your deposit. You must keep enough funds in your account to meet the margin required for your open positions at all times.
If your account equity falls below the required margin, we may close some or all of your open positions without further notice. Positions closed because of a margin shortfall cannot be reopened, and you remain responsible for any resulting losses.
We may change margin requirements and leverage at any time, including for open positions — for example before a company announces its results, ahead of major events, or during high volatility.
7. Results and corporate actions
- Margin on a stock may be increased before the market closes on the day before the company announces its results.
- Open positions in a stock with an upcoming dividend, bonus, split, merger or demerger are closed at the available market price before the ex-date.
- Dividends and bonuses are handled according to exchange guidelines and circulars, which may change.
8. Deposits, withdrawals and charges
Deposits must come from, and withdrawals are paid to, an account in your own name. We do not accept third-party payments.
Withdrawals are processed after any required verification. We may delay or refuse a withdrawal where we need further information, where the funds are needed as margin for open positions, or where the law requires it.
Any spreads, overnight financing (swap) or other charges that apply are shown on the platform. See our Refund & Cancellation Policy for details on refunds.
9. Prohibited trading practices
The following are not allowed on your account:
- line, operator, manipulated or "chamka" trades, trades placed on the last traded price (LTP), and trading on insider information;
- scalping — opening and closing trades within the minimum holding time shown on the platform (a losing trade may still be closed at any time);
- arbitrage, hedging, jobbing and algorithmic jobbing, or exploiting price errors, delays or system weaknesses;
- trading through a VPN, proxy or any tool that hides your real location;
- cross orders — trading from several accounts, or from the same IP address or device as another account;
- sharing your account or login details, or letting anyone else, including an account manager, trade for you;
- group trading without our prior written approval;
- using automated trading software without our prior approval; and
- fraud, money laundering or any other unlawful activity.
If we find any of these, we may remove the trades concerned and any profit made from them without prior notice, freeze funds while we investigate, and suspend or close the account.
10. Introducers
If you joined through an introducer or introducing broker, they act independently and are responsible for the information and promises they give you. Only these Terms and the platform settings bind us.
We may end our relationship with, and permanently ban, any introducer who behaves unethically.
11. Technical problems and availability
If a technical problem stops you from closing a position, contact support immediately by WhatsApp or phone with your user ID. We will close the position manually at the prevailing market price.
We aim to keep the Services available at all times but cannot guarantee uninterrupted access. They may be unavailable during maintenance, because of internet or technical problems, or because of issues with third-party providers such as price feeds and data centres. We are not responsible for losses caused by events outside our reasonable control.
12. Intellectual property
The website, platforms, logos and content belong to UNICKONFX or its licensors. You may use them only to access the Services for your own personal use.
13. Limitation of liability
To the extent permitted by law, UNICKONFX is not liable for trading losses, loss of profit or opportunity, or indirect or consequential losses arising from your use of the Services. Nothing in these Terms limits liability that cannot be limited by law.
You agree to compensate UNICKONFX for losses it suffers because you break these Terms or the law.
14. Suspension and closing your account
You may ask us to close your account at any time once your positions are closed and any amounts owed are settled.
We may suspend or close your account if you break these Terms, if we are required to by law, or if we stop offering the Services. Where possible we will give you notice and return any balance due to you, after deducting amounts you owe us.
15. Changes to these terms
We may update these Terms from time to time. The latest version is always published on this page, and continuing to use the Services after a change means you accept the updated Terms.
16. Governing law and disputes
These Terms are governed by the laws of the jurisdiction in which UNICKONFX is registered. Please contact us first so we can try to resolve any complaint; if we cannot, disputes will be handled by the courts of that jurisdiction.
17. Contact us
Questions about this document? We're happy to help.
- support@unickonfx.com
- Dubai, UAE