1. ACCEPTANCE WITHOUT SIGNATURE
1.1 By creating an account with VALOR MARKETS (trading as “VALOR PRIME X”), by
accessing the platform, and/or by using any Services provided by the Company, the
Client confirms acceptance of this Agreement in its entirety.
1.2 No physical or electronic signature is required. Registration and continued use
constitutes deemed execution.
2. DEFINITIONS AND INTERPRETATION
2.1 “AGREEMENT” means these Terms and all annexes, schedules and incorporated
policies.
2.2 “LIQUIDITY SERVICES” means pricing, access to liquidity pools, execution, routing
and related services.
2.3 “VALOR MARKETS”, “the Company”, and/or “VALOR PRIME X” all refer to the
Mauritius registered legal entity VALOR MARKETS bearing registration number
216356 GBC.
3. SCOPE OF SERVICES
3.1 The Company shall provide Liquidity Services in accordance with its licence from
the Financial Services Commission of Mauritius (hereinafter referred to as the
“FSC”) and applicable law.
3.2 Services may include execution, routing, provision of pricing and access to
counterparties.
4. ACCOUNT OPENING AND COMPLIANCE
4.1 The Client must complete all required KYC/AML documentation prior to activation.
4.2 The Company may refuse and/or suspend services where required by law and/or at
its sole and absolute discretion in connection with Company policies and/or
internal compliance controls.
5. ORDER EXECUTION
5.1 Execution is provided subject to prevailing market conditions, available liquidity,
system functionality, and applicable regulatory or risk controls.
5.2 The Client acknowledges that execution depends on liquidity available from
external counterparties, market makers, and liquidity pools, and that pricing may
change rapidly.
5.3 The Company does not guarantee that Orders will be executed at the requested
price, at all, or without delay, particularly during periods of market volatility,
reduced liquidity, or abnormal trading conditions.
5.4 Prices may vary due to latency, slippage, volatility, execution speed, order size, or
liquidity constraints. The Client accepts that execution outcomes may differ from
quoted or expected pricing.
5.5 The Company may refuse, delay, cancel, or modify the execution of an Order where
necessary for compliance, risk management, operational integrity, or to prevent
market abuse or system disruption.
5.6 The Client remains solely responsible for all trading decisions, Orders submitted,
and any resulting profits or losses.
6. RISK DISCLOSURE
6.1 The Client acknowledges that participation in financial markets involves significant
risk, including the risk of partial or total loss of capital.
6.2 Liquidity provision and execution services are inherently subject to market
fluctuations, counterparty exposure, technical limitations, and pricing uncertainty.
6.3 The Client confirms that they understand that losses may exceed deposits in certain
circumstances, and that no guarantee of profit, execution, or liquidity availability is
provided.
6.4 The Risk Disclosure published by the Company, whether on the Website or attached
as an annex, forms an integral part of this Agreement and must be read together
with these Terms.
6.5 The Client is deemed to have read, understood, and accepted the Risk Disclosure
upon account registration, platform access, or use of the Liquidity Services.
6.6 The Client agrees that it is their responsibility to ensure that the services are
suitable for their financial situation, objectives, and risk tolerance.
7. LIMITATION OF LIABILITY
7.1 To the maximum extent permitted by applicable law, the Company’s liability under
this Agreement is limited to direct damages proven by the Client and arising solely
from the Company’s gross negligence or wilful misconduct.
7.2 The Company shall not be liable for any indirect, incidental, special, punitive, or
consequential loss, including but not limited to loss of profit, loss of opportunity,
loss of business, reputational harm, or trading losses.
7.3 The Company shall not be liable for losses arising from market volatility, execution
delays, liquidity shortages, third-party failures, technical disruptions, or
circumstances beyond the Company’s reasonable control.
7.4 The Client acknowledges that the Company acts solely as a liquidity and execution
service provider and does not assume responsibility for the Client’s trading
strategy, risk decisions, or market exposure.
7.5 Nothing in this Agreement excludes liability that cannot be excluded under
applicable law.
8. AMENDMENTS
8.1 The Company may amend, update, or replace these Terms at any time where
required for regulatory, operational, commercial, or legal reasons.
8.2 Amendments may be communicated by publication on the Website, electronic
notice, platform notification, or other reasonable means.
8.3 Continued access to or use of the Liquidity Services following publication or notice
of amendments constitutes the Client’s deemed acceptance of the updated Terms.
8.4 If the Client does not agree to any amendment, the Client must immediately cease
use of the Services and may request account closure in accordance with applicable
procedures.
9. GOVERNING LAW AND JURISDICTION
9.1 This Agreement, and any dispute or claim arising from or in connection with it, shall
be governed by and construed in accordance with the laws of Mauritius.
9.2 The Parties agree that the courts of Mauritius shall have exclusive jurisdiction to
settle any dispute arising under or in connection with this Agreement, including
disputes relating to its validity, enforceability, or termination.
9.3 The Client acknowledges that regulatory obligations may require the Company to
cooperate with competent authorities or courts in other jurisdictions where
applicable.