1. Introduction
These Terms and Conditions (“Terms”) govern your access to and use of the website Nuvesto.com (“Website”) and the investment, brokerage and trading services provided by Nuvesto Markets Ltd. (“Nuvesto Markets”, “we”, “our”, or “the Company”), a company incorporated and regulated in Mauritius.By accessing the Website or using any of our Services you accept these Terms, our Privacy Policy, any client agreement, and you warrant that you are legally eligible and have authority to use the Services.2. Definitions
- Company – refers to Nuvesto Markets Ltd., regulated by the FSC in Mauritius.
- Client / You / Your – denotes any natural person or legal entity accessing or using the Website or Services.
- Services – means brokerage, investment dealing, trading, execution of orders in Forex, Contracts for Difference (CFDs) or other financial instruments offered by the Company.
- Website – means Nuvesto.com and all affiliated sub-domains and digital platforms under the Company’s control.
3. Regulatory Information
Nuvesto Markets Ltd. is duly authorised and regulated by the Financial Services Commission of Mauritius (FSC Mauritius) under licence number GB25204355, issued in accordance with the Securities Act 2005 and the Financial Services Act 2007.The Company is subject to ongoing supervision by FSC Mauritius including compliance with its Rules, Guidelines and Codes of Conduct.The Company maintains adequate risk, compliance, governance and client-fund protection arrangements in line with FSC expectations (including AML/CFT, best execution, conflicts of interest, client money segregation).4. Client Eligibility & Restricted Jurisdictions
By accepting these Terms you confirm that you are not prohibited from using the Services under your local law or under these Terms.Prohibited jurisdictions: The Company does not accept clients who are residents or citizens of (or operating from) the following jurisdictions:- The United States of America (USA)
- The United Arab Emirates (UAE)
- The Russian Federation (Russia)
- Any jurisdiction listed by the United Nations Security Council under comprehensive sanctions
- Any jurisdiction designated by the Financial Action Task Force (FATF) as a “High-risk & Non-Cooperative” jurisdiction
- Any jurisdiction where Forex, CFD or leveraged trading is banned or severely restricted
5. Know Your Customer (KYC), Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT)
The Company complies with the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA), the Financial Intelligence and Anti-Money Laundering Regulations 2018, and related FSC guidelines.You must:
- Provide accurate and complete personal or corporate identification, address proof, beneficial ownership information, source of funds and any other information required by us.
- Undergo verification checks (including screening against sanctions lists, politically exposed persons (PEP) lists, and ongoing transaction monitoring).
- Notify us of any changes to your personal information or funding source.
6. Account Opening, Funding & Trading Conditions
- Your account is subject to acceptance by the Company and completion of all required documentation and verification.
- Deposits and withdrawals must be made to and from payment methods in your own name. Third-party payments are not accepted.
- Nuvesto processes all withdrawal requests within 72 hours. Processing may take longer when additional account, bank, cryptocurrency-wallet, fraud or sanctions checks are required. Arrival time after processing depends on the receiving provider or blockchain network.
- Nuvesto charges no fee for deposits. Bank transfer withdrawals cost USD 25, GBP 25 or EUR 25 according to the trading account currency. Card and cryptocurrency withdrawals are free of Nuvesto fees; separate provider, intermediary, conversion or network charges may apply.
- After 91 consecutive days without trading or funding, an inactivity fee of USD 10, GBP 10 or EUR 10 per month applies according to the account currency. The fee will not reduce the account below zero.
- You must maintain the required margin levels and comply with the Company’s risk-management, execution and trading rules. Instrument availability, spreads, leverage, order types and other account conditions remain subject to the applicable agreement and current platform specifications.
- Negative balance protection, if offered, is subject to the applicable account agreement. The Company may vary or withdraw it where permitted by that agreement and applicable requirements.
7. Risk Disclosure
Trading in leveraged products, Forex and CFDs involves significant risk. Leverage can amplify gains and losses, and you may lose all or more than all of your invested capital.
Negative balance protection is conditional and does not provide an unconditional guarantee for every account. Where it is not applicable, losses may exceed invested capital. Confirm the protection, conditions and exclusions applicable to your account before trading.
Past performance is not indicative of future results. Consider your financial situation, objectives, experience and risk tolerance before using the Services.
8. Best Execution, Order Handling & Conflicts of Interest
- We will endeavour to provide best execution of your orders in accordance with our Best Execution Policy (available on our Website).
- Where we act on an execution-only basis you are responsible for your trading decisions.
- The Company has procedures in place to identify and manage conflicts of interest, including segregation of functions, independent oversight and disclosures.
- We may act as principal or agent in trades, as disclosed in our policies.
- You acknowledge that, despite all reasonable steps, the Company cannot guarantee that every execution will be at the optimal price.
9. Client Money, Segregation & Custody
Client funds shall be held in segregated accounts, separate from the Company’s own funds, in accordance with applicable regulations and the Company’s segregation policy. The Company will not use client funds for its own operations.In the event of the Company’s insolvency or suspension of business, client funds will have priority over the Company’s creditors in line with FSC requirements.10. Data Protection and Privacy
We collect, hold and process personal data in accordance with the Data Protection Act 2017 (Mauritius) and other applicable privacy laws. Details of how we process your data, retain it, protect it, share it and your rights are contained in our Privacy Policy available on the Website.11. Intellectual Property
All content on the Website (including text, graphics, logos, software, designs, icons, data compilations) is the Company’s property or used under licence. You must not reproduce, distribute, modify or publicly display any content without the Company’s prior written consent.12. Third-Party Links
The Website may include links to third-party websites or resources. The Company is not responsible for the content, accuracy, practices or policies of such third-party sites and does not guarantee any results or outcomes from their use.13. Complaints & Dispute Resolution
If you have any complaint you should raise it promptly via our complaints handling procedure (details available on the Website). If your complaint is not satisfactorily resolved, you may refer it to FSC Mauritius, subject to their remit.All complaints will be handled in accordance with our internal policy which is designed to be fair, transparent and timely.14. Limitation of Liability
To the fullest extent permitted by law:- The Company, its directors, officers, employees and agents shall not be liable for any indirect, incidental, consequential, special or punitive damages, loss of profits, business interruption, loss of data or loss of opportunity, arising out of or in connection with your use of the Services or Website.
- The Company’s total aggregate liability to you in relation to your use of the Services or Website shall be limited to the amount you have paid the Company in the preceding 12 months (or such lesser amount as is permitted under Mauritian law).
15. Amendments to Terms
The Company may modify, update or replace these Terms at any time (for regulatory, business, technical or legal reasons). The latest version will be published on the Website and you will be notified where required. Your continued use of the Services after the effective date of such changes constitutes acceptance of those changes.16. Severability
If any provision of these Terms is held invalid or unenforceable under applicable law, that provision shall be deemed deleted and the remainder of the Terms shall continue in full force and effect.17. Waiver
Failure by the Company to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision unless acknowledged in writing by the Company.18. Governing Law & Jurisdiction
These Terms are governed by and construed in accordance with the laws of Mauritius. All disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of Mauritius.19. Entire Agreement
These Terms, together with any other document expressly referred to herein (including your client agreement, Schedule of Fees, Risk Disclosure Statement, Privacy Policy, Best Execution Policy, Complaints Policy and other relevant notices) constitute the entire agreement between you and the Company in relation to your use of the Services.20. Contact Information
Nuvesto Markets Ltd.
Level 6, Ken Lee Building
20 Edith Cavell Street
Port Louis 11302
Mauritius
Email: compliance@nuvesto.com