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.
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;
the availability of a Strategy on the Platform does not constitute a recommendation, endorsement, or guarantee by MPW of that Strategy or of the Lead Trader;
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.
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
8. 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.
9. 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.
10. 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.
11. 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
12. 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.
13. 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.
14. 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.
Restriction, Suspension, and Removal
15. 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;
conduct that MPW considers to be inconsistent with the interests of Followers;
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;
any regulatory, compliance, reputational, or risk-management concern; or
any other reason MPW considers appropriate.
16. 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
17. 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.
18. 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
19. 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.
Representations and Warranties
20. 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; and
you will comply with the Brokerage Terms and Conditions, all Incorporated Documents, and Applicable Law at all times while acting as a Lead Trader.
Governing Law
21. 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.