Copy Trading Service Acceptance Terms
Monolith Market Platform
This document governs your use of the Copy Trading Service on the Monolith Market platform, whether as a Lead Trader (a Client who makes a trading strategy available for others to follow) or as a Follower (a Client who elects to copy the trades of a Lead Trader). By accepting these terms, you confirm that you have read, understood, and agree to be bound by them, in addition to the Brokerage Terms and Conditions, the Client Agreement, and all Incorporated Documents.
How This Document Works
1. This document is divided into two parts:
Part A — General Terms Applicable to All Clients Using the Copy Trading Service. This part applies to every Client who uses the Copy Trading Service, whether as a Lead Trader or as a Follower. It confirms that your use of the Copy Trading Service is governed by the Brokerage Terms and Conditions (Clause 12), the Client Agreement (Section 5), and the Incorporated Documents already accepted on account opening, and sets out key acknowledgements common to all participants.
Part B — Additional Terms Applicable to Lead Traders Only. This part applies exclusively to Clients who wish to offer a Copy Trading Strategy on the Platform as a Lead Trader. It sets out the application, approval, ongoing obligations, and grounds for restriction or removal that are specific to that role. If you are using the Copy Trading Service only as a Follower, Part B does not apply to you.
2. By accepting this document, you are bound by Part A. If you apply to act as a Lead Trader and your application is approved by MPW, you are also bound by Part B from the date of approval.
Part A — General Terms (All Clients)
This Part applies to every Client who uses the Copy Trading Service, whether as a Lead Trader or as a Follower.
Governing Framework
3. Your use of the Copy Trading Service is governed by the Brokerage Terms and Conditions (Clause 12), the Client Agreement (Section 5), and all applicable Incorporated Documents. These Acceptance Terms supplement, and are to be read together with, those documents. In the event of any inconsistency, the Brokerage Terms and Conditions prevail.
Capitalised terms used but not defined in these Acceptance Terms have the meanings given to them in the Brokerage Terms and Conditions, including its Schedules. “Associated Account” has the meaning given in Clause 5.14.1 of Schedule 5.
4. The Copy Trading Service is provided under MPW’s Investment Adviser (Unrestricted) licence issued pursuant to section 30 of the Securities Act 2005. MPW is the regulated service provider responsible for the Copy Trading Service at all times.
Key Acknowledgements
5. You acknowledge and agree that:
past performance of any Copy Trading Strategy, however presented, is not a reliable indicator of future performance;
MPW’s approval of a Lead Trader, and your election to copy a Strategy, does not guarantee the performance of that Strategy or of the Lead Trader, and the basis on which Copy Trading is provided as a personalised recommendation is set out in Clause 12.1 of the Brokerage Terms and Conditions;
Copy Trading involves risks, including the risk of losing all or part of the capital you allocate, as set out in the Risk Disclosure Statement and Clause 12.8 of the Brokerage Terms and Conditions;
MPW may restrict, suspend, or terminate access to the Copy Trading Service, or to any particular Strategy, at any time in accordance with the Brokerage Terms and Conditions; and
all fees, profit-share arrangements, and charges applicable to the Copy Trading Service are disclosed in the Costs and Charges Schedule.
Copy Trading for Followers
6. If you use the Copy Trading Service as a Follower, each specific copying relationship is activated and confirmed by you through the Platform in accordance with Clause 12 of the Brokerage Terms and Conditions. You retain full discretion to start, modify, or stop copying a Lead Trader at any time.
7. No additional acceptance terms beyond this document and the general terms already in force are required for you to participate as a Follower. By accepting this document, you confirm that you have reviewed and understood the relevant provisions of the Brokerage Terms and Conditions and the Client Agreement as they relate to Copy Trading.
Trading Conduct (Followers)
8. As a Follower, you are bound by Clause 5.14 of Schedule 5 (Market Data and Platform Use Schedule) to the Brokerage Terms and Conditions. In particular, you must not act in concert with any Lead Trader, or with any other person, to carry out any conduct prohibited by that Clause.
9. You acknowledge that, where MPW takes action in respect of a Lead Trader under Clause 5.14.7 of Schedule 5, Clause 5.14.9 of Schedule 5 applies to your copied Transactions. In particular:
you are not entitled to retain profits derived from conduct prohibited by Clause 5.14, whether or not you were involved in that conduct, and MPW may cancel, reverse, re-price or adjust the corresponding Transactions in your Account on the basis set out in that Clause;
MPW may treat you as involved in the prohibited conduct where it reasonably considers that you participated in, facilitated, coordinated or had knowledge of it; and
pending its review, MPW may suspend copying and restrict the withdrawal of amounts attributable to the affected Transactions.
Part B — Additional Terms for Lead Traders
This Part applies only to Clients who wish to offer a Copy Trading Strategy on the Platform as a Lead Trader. If you are using the Copy Trading Service only as a Follower, this Part does not apply to you.
Application and Approval
10. You are applying to make your trading strategy (the “Strategy”) available on the Monolith Market platform as a Copy Trading Strategy, in the capacity of a Lead Trader under Clause 12.2(c) of the Brokerage Terms and Conditions.
11. Your application is subject to MPW’s review and approval at its sole and absolute discretion. MPW is under no obligation to approve any application and is not required to provide reasons for declining one.
12. As part of the assessment process, MPW may review any or all of the following: your identity and regulatory standing; your trading history and track record; the historical performance of the Strategy, including returns, drawdowns, risk-adjusted metrics, and consistency; the risk profile, instruments, and techniques employed by the Strategy; your risk-management discipline and operational capability; any actual or potential conflicts of interest; and any other matter MPW considers relevant to the suitability of your Strategy for the intended population of Followers.
13. You acknowledge that MPW’s review of historical performance does not constitute an endorsement, guarantee, or representation that the Strategy will perform in any particular manner.
Ongoing Obligations and Monitoring
14. If your application is approved, you agree to operate the Strategy in accordance with the published strategy description, risk parameters, and any conditions of approval communicated to you by MPW.
15. MPW will monitor your Strategy on an ongoing basis. You agree to cooperate with MPW in connection with any review, inquiry, or audit of your Strategy and to provide promptly any information, data, or explanation that MPW may reasonably request, including statements and trading records for any Associated Account and for any account you hold or control with another broker in the instruments traded by the Strategy.
16. You must notify MPW without delay of any material change in: the nature, methodology, or risk profile of the Strategy; the instruments or asset classes traded; your personal circumstances, regulatory standing, or any matter that could affect your suitability to act as a Lead Trader; or any conflict of interest.
Trading Conduct (Lead Traders)
17. You must comply with Clause 5.14 of Schedule 5 to the Brokerage Terms and Conditions at all times. In particular, you must not:
trade ahead of, or against, Followers, whether through your Account, any Associated Account or any account held with another broker;
generate Transactions primarily to earn fees, profit share or other remuneration rather than to pursue the published Strategy;
operate opposing or offsetting strategies, or selectively open, close or allocate positions, so as to present misleading performance;
misrepresent the Strategy, its risk profile or its performance, whether on the Platform or elsewhere; or
solicit or accept any payment, benefit or arrangement from or with a Follower outside the Platform without MPW’s prior written approval.
18. Before approval, and promptly after any change, you must disclose to MPW every Associated Account and every account you hold or control with another broker in which you trade instruments traded by the Strategy.
Restriction, Suspension, and Removal
19. MPW reserves the right, at any time and at its sole and absolute discretion, to restrict, suspend, or permanently remove your Strategy from the platform and to terminate your status as a Lead Trader. This may occur for any reason, including but not limited to:
material deviation from the published strategy or risk parameters;
a sustained or significant deterioration in performance;
a breach of the Brokerage Terms and Conditions, these Acceptance Terms, Applicable Law, or any applicable regulatory requirement;
a conflict of interest that cannot be satisfactorily managed;
loss of any required regulatory permission or standing;
conduct that MPW considers to be inconsistent with the interests of Followers, or any conduct prohibited under Clause 5.14 of Schedule 5 to the Brokerage Terms and Conditions;
any regulatory, compliance, reputational, or risk-management concern; or
any other reason MPW considers appropriate.
Where removal results from conduct prohibited under Clause 5.14 of Schedule 5, it may take effect immediately, and Clause 5.14.9 of Schedule 5 applies to the affected Transactions.
20. MPW is not required to provide prior notice of, or reasons for, any restriction, suspension, or removal, although it will endeavour to notify you as soon as reasonably practicable after taking such action. You will have no claim against MPW arising from any such action.
Regulatory Framing and Relationship
21. You operate as a Lead Trader under MPW’s authorisation and oversight and do not, by virtue of being made available on the platform, provide investment advice or any other regulated service directly to Followers.
22. You do not have a direct contractual or regulatory relationship with any Follower. The relationship between you and any Follower is mediated entirely through MPW and the platform.
Fees and Profit Share
23. Any fee, profit share, or other remuneration payable to you in connection with your role as a Lead Trader will be as agreed in writing between you and MPW and disclosed to Followers in the Costs and Charges Schedule. No fee or remuneration arrangement may be entered into, modified, or implemented without MPW’s prior written approval.
24. Any fee, profit share or other remuneration paid or payable to you in respect of Transactions affected by action under Clause 5.14.7 of Schedule 5 may be withheld, cancelled or recovered by MPW. You must also reimburse MPW, on demand, for any amount refunded or credited to Followers under Clause 5.14.9(f) of Schedule 5, and for any other loss, cost or expense recoverable under Clause 5.14.10 of Schedule 5. MPW may set off any such amount against any balance in your Account. This paragraph survives the termination of your status as a Lead Trader.
Representations and Warranties
25. By accepting these Acceptance Terms, you represent and warrant that:
all information you have provided in connection with your application is complete, accurate, and not misleading;
any historical performance data you have submitted is genuine, has not been selectively presented, and relates to your own trading activity;
you are not aware of any fact, circumstance, or conflict of interest that has not been disclosed to MPW and that could materially affect MPW’s decision to approve your application;
you have the legal capacity and, where applicable, the necessary regulatory permissions to operate the Strategy;
you will comply with the Brokerage Terms and Conditions, all Incorporated Documents, and Applicable Law at all times while acting as a Lead Trader;
you have disclosed to MPW every Associated Account and every account held or controlled by you with another broker as required by paragraph 18; and
you have no undisclosed arrangement, payment or understanding with any Follower or prospective Follower.
Governing Law
26. These Acceptance Terms are governed by and construed in accordance with the laws of the Republic of Mauritius. Any dispute arising out of or in connection with these terms shall be subject to the exclusive jurisdiction of the courts of Mauritius, without prejudice to any dispute-resolution mechanism set out in the Brokerage Terms and Conditions.