Terms & Conditions
1. Scope
These Terms govern the relationship between Benn Martin Limited (“the Company”) and the Client. By using the services of the company, the Client agrees to these Terms.
2. Company Information
Benn Martin Limited is an international digital services company with multiple licenses in different jurisdictions. Benn Martin Limited, henceforth “the company”, is owned and operated by Benn Martin Group, henceforth “the parent”, registered at Henrik Ibsens gate 4, 0255 Oslo, Norway.
Benn Martin does not offer its services to residents of the following countries: Afghanistan, Belarus, China, Islamic Republic of Iran, Israel, Lebanon, North Korea, Russia, Ukraine and the United States of America.
3. Services
The Company provides online software services in Contracts for Difference (CFDs) on markets, systems, data, cryptocurrencies, and assets.
4. Client Categorization
Clients are classified as Retail, Professional, or Eligible Counterparties in accordance with applicable regulations. Different levels of protection apply.
5. Client Account
5.1
The Company opens software accounts upon successful onboarding.
5.2
The Client must:
- be of legal age
- complete identity verification (KYC)
- pass appropriateness assessment where required
5.3
The Company may request additional documentation, including proof of source of funds.
6. Deposits and Withdrawals
Payments must be made from accounts in the Client’s name.
Third-party payments are not accepted.
Withdrawals are processed within 2–7 business days, subject to verification.
Funds are returned to the original source where possible.
The Company may delay or refuse transactions for compliance reasons.
Applicable fees are disclosed prior to execution.
7. Safeguarding of Client Funds
Client funds are held in segregated accounts separate from the Company’s own funds, in accordance with applicable regulations.
8. Software Conditions
Leverage is provided in accordance with regulatory limits (e.g. up to 1:30 for standard retail accounts and higher leverages up to 1:400 only for qualified professional clients).
A margin close-out rule applies at 50% of required margin.
The Company may close positions automatically to prevent further losses.
9. Negative Balance Protection
Retail clients cannot lose more than the total funds held in their account.
10. Risks
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Retail investor accounts may lose money when software CFDs with this provider.
The Client should consider whether they understand how CFDs work and whether they can afford to take the high risk.
11. Fees and Charges
All fees, spreads, commissions, and financing costs are clearly disclosed prior to software. The Company may update fees with prior notice. For more information on fees please refer to section VI. of the General Withdrawal Policy.
12. Order Execution
The Company takes all sufficient steps to achieve best execution when executing client orders. Further details are available in the Order Execution Policy.
13. Conflicts of Interest
The Company maintains and operates effective arrangements to prevent conflicts of interest. Details are available in the Conflict of Interest Policy.
14. Inactive Accounts
Inactive accounts may be subject to maintenance fees after prior notice. Funds remain withdrawable at all times.
15. Complaints
Clients may submit complaints via live chat or e-mail. Complaints are handled in accordance with regulatory requirements. Clients may escalate unresolved complaints to the relevant authority.
16. Data Protection
Client data is processed in accordance with applicable data protection laws (GDPR). Details are available in the Privacy Policy.
17. Anti-Money Laundering
The Company complies with AML regulations and may request documentation or restrict accounts where required.
18. Termination
The Company or the Client may terminate the relationship at any time, subject to settlement of open positions and obligations.
19. Governing Law
These Terms are governed by the laws of Luxembourg, and disputes are subject to the courts of that jurisdiction.
20. Promotions
Where permitted by law, promotions are subject to specific terms. The Company reserves the right to modify or cancel them at any time.