Terms of Service

Version 2.0

1.1 Agreement to Terms

These Terms of Service (“Terms”) constitute a legally binding agreement between you (“you,” “your,” or “User”) and LNM LLC (“LN Markets,” “we,” “us,” or “our”), a company registered in St. Vincent and the Grenadines, governing your access to and use of the LN Markets platform, website, application programming interface, and all related services (collectively, the “Platform” or “Services”).

LN Markets is not currently authorized or regulated as an investment firm, trading venue, payment institution, or similar regulated entity in any jurisdiction. The Services are provided on an execution-only basis and do not include investment advice, portfolio management, or any discretionary management of your funds.

You acknowledge and agree that (i) LN Markets makes no representation that it will obtain or maintain any particular license, registration, or authorization in any jurisdiction, and (ii) any change in LN Markets’ regulatory status may result in changes to the Services, including the imposition of additional eligibility criteria, restrictions, or obligations on Users.

By creating an account, accessing the Platform, or using any Services, you acknowledge that you have read, understood, and agree to be bound by these Terms, including the Risk Disclosure Statement in Section 8. LN Markets makes no representation or warranty that the Services are appropriate, lawful, or available in any particular jurisdiction. If you do not agree to these Terms, you must not access or use the Platform.

1.2 Effective Date and Versioning

Current Version: 2.0

Effective Date: 7/04/2026

Last Updated: 7/04/2026

These Terms supersede all previous versions. Previous versions are available upon request by contacting support@lnmarkets.com.

1.3 Acceptance Mechanism

To access the Services, you must affirmatively accept these Terms by checking the acceptance box during registration or when requested to, confirming that you have read, understood, and agree to be bound by these Terms, including the Risk Disclosure Statement in Section 8 and the Privacy Policy.

Your account registration will not be completed until acceptance is provided. Your acceptance is recorded and constitutes a binding agreement between you and LN Markets.

1.4 Ongoing Agreement

Your continued use of the Services after any amendment to these Terms constitutes your acceptance of such amendments. You are responsible for regularly reviewing these Terms to stay informed of any changes.

1.5 Supplementary Terms

Certain Services may be subject to additional terms, conditions, or policies (“Supplementary Terms”) made available through the Platform or API Documentation. In the event of any conflict between these Terms and any Supplementary Terms, the Supplementary Terms shall prevail with respect to the specific Service to which they apply.

1.6 Entire Agreement

These Terms, together with the Privacy Policy and any Supplementary Terms, constitute the entire agreement between you and LN Markets regarding the Services and supersede all prior or contemporaneous communications, whether electronic, oral, or written, between you and LN Markets.

1.7 Platform Description

LN Markets operates a derivatives trading platform specializing in Bitcoin-based financial instruments. The Platform enables Users to trade:

The Platform is accessible through:

1.8 No Suitability Assessment and No Reliance

LN Markets does not perform any assessment of the appropriateness or suitability of the Services or of any particular trade for you, including with respect to your knowledge, experience, financial situation, or investment objectives. You are solely responsible for determining whether trading on the Platform is appropriate for you in light of your personal circumstances and risk tolerance. You acknowledge that you have not relied, and will not rely, on LN Markets or any of its affiliates, employees, or agents for any assessment of the suitability of the Services or of any trade, and that you will not treat any information, communication, or interaction with LN Markets as a recommendation or personal investment advice.

SECTION 2: DEFINITIONS

2.1 Interpretation

In these Terms, unless the context requires otherwise:

2.2 Defined Terms

The following terms have the meanings set forth below:

SECTION 3: ELIGIBILITY & REGISTRATION

3.1 Eligibility Requirements

To use the Services, you must:

3.2 Restricted Jurisdictions

You may not access or use the Services if you are located in, or a resident or citizen of, a Restricted Jurisdiction.

LN Markets currently prohibits access to the Services from the following jurisdictions: United States of America and all its territories and possessions, St. Vincent and the Grenadines, Belarus, Cuba, Iran, Myanmar, North Korea, Russia, Syria, Sudan, Venezuela, and Russian-controlled regions of Ukraine.

This list may be updated from time to time at LN Markets’ sole discretion. You are responsible for ensuring your continued eligibility to use the Services.

The Services are not directed to, and LN Markets does not market, solicit, or actively offer its Services to, persons located in jurisdictions where such Services may be restricted or prohibited. Any access to or use of the Services by persons in such jurisdictions is undertaken on their own initiative and responsibility.

3.3 Account Registration

3.3.1 Account Creation

To access the Services, you must create an Account by providing accurate and complete information as requested during the registration process.

3.3.2 Account Security

You are responsible for maintaining the security of your Account credentials. You agree to notify LN Markets immediately of any unauthorized access to or use of your Account.

3.3.3 Identity Verification

LN Markets reserves the right to request identity verification at any time. Failure to provide requested verification may result in Account restrictions or termination.

LN Markets may also, in its sole discretion and without any obligation to do so, request information regarding the source of funds, the nature of your trading activity, and your compliance with applicable sanctions, anti-money laundering, and counter-terrorist financing requirements. In such case, you agree to promptly provide any such information or documentation upon request. LN Markets may, in its sole discretion, suspend Deposits, Withdrawals, or trading activity on your Account while such information is being reviewed.

3.4 User Representations and Warranties

By using the Services, you represent and warrant that:

You acknowledge and accept that:

3.5 Right to Refuse Service

LN Markets reserves the right to refuse service, restrict access, or terminate Accounts at its sole discretion, including but not limited to situations where:

3.6 Geolocation and VPN Restrictions

LN Markets may use geolocation technology, IP address analysis, or other technical means to identify your location. You agree that:

Violation of this Section may result in immediate Account termination. Upon termination for violation of this Section, LN Markets will:

3.7 Updates to Eligibility Requirements

LN Markets may modify the Eligibility Requirements or expand the list of Restricted Jurisdictions at any time. If you become ineligible to use the Services due to such changes, you must immediately cease using the Services and close your Account. LN Markets will provide reasonable notice of material changes to Restricted Jurisdictions where commercially practicable.

3.8 Territorial Restrictions

Without prejudice to Section 3.6, LN Markets may, at its sole discretion and for regulatory, legal, compliance, or risk management reasons, restrict or suspend the availability of certain Services in specific jurisdictions (a “Territorial Restriction”). In the event of a Territorial Restriction, LN Markets may:

SECTION 4: SERVICES DESCRIPTION

4.1 Overview of Services

LN Markets provides a derivatives trading platform enabling Users to trade Bitcoin-based financial instruments, including:

4.2 Product Specifications

All product specifications, including leverage limits, margin requirements, position limits, fee structures, trading hours, contract specifications, settlement procedures, and risk parameters, are set forth in the Product Documentation available at docs.lnmarkets.com.

LN Markets reserves the right to modify product specifications at any time without prior notice. Continued use of the Services following any modification constitutes acceptance of the modified specifications. LN Markets will not apply changes to product specifications retroactively to trades that have already been executed, and will use commercially reasonable efforts to provide advance notice of Material Changes to core risk parameters (including leverage caps, margin requirements, and liquidation methodology), except where immediate changes are required for security, risk management, or legal reasons.

4.3 Service Availability

4.3.1 No Guarantee of Availability

LN Markets does not guarantee that the Services will be available at all times or without interruption. The Services may be unavailable due to maintenance, technical issues, Force Majeure Events, or other circumstances beyond LN Markets’ control.

4.3.2 Scheduled Maintenance

LN Markets may perform scheduled maintenance on the Platform. Where commercially reasonable, LN Markets will provide advance notice of scheduled maintenance. However, LN Markets is not obligated to provide such notice and may perform emergency maintenance without prior warning.

4.3.3 Service Modifications and Discontinuation

LN Markets reserves the right, at its sole discretion and without prior notice, to:

4.3.4 Abnormal Market Conditions and Emergency Measures

In the event of abnormal or exceptional market conditions, including but not limited to extreme price volatility, sudden loss of liquidity, market dislocations, failures or outages of major spot or derivatives exchanges, or significant disruptions affecting the Bitcoin or Lightning Network, LN Markets may, in its sole discretion and without prior notice:

4.4 Order Execution and Best Execution

4.4.1 Order Processing

All Orders are processed in the order received, subject to system availability and market conditions. LN Markets does not guarantee execution of any Order.

4.4.2 No Best Execution Obligation

LN Markets does not have a best execution obligation. Orders are executed based on available liquidity and market conditions at the time of execution. You acknowledge that better prices may be available on other platforms.

4.5 Deposits and Withdrawals

4.5.1 Deposit Methods

Deposits may be made via Lightning Network or on-chain Bitcoin transactions as supported by the Platform. Minimum deposit amounts and other requirements are specified in the Product Documentation.

4.5.2 Withdrawal Processing

Withdrawals are processed via Lightning Network or on-chain Bitcoin transactions. Processing times vary based on network conditions and internal review procedures. LN Markets reserves the right to delay withdrawals for security review or compliance purposes.

4.5.3 Withdrawal Limits

LN Markets may impose withdrawal limits based on verification status, Account history, or risk assessment. Limits are specified in the Product Documentation and may be modified at any time.

You are solely responsible for ensuring that any address you provide for Deposits or Withdrawals is correct, valid, and under your control. LN Markets is not able to reverse or recover Bitcoin sent to an incorrect, invalid, or incompatible address. LN Markets shall not be liable for any loss of funds resulting from errors in the address provided by you.

4.6 Price Errors and Corrections

LN Markets reserves the right to cancel, reverse, or adjust any trade that was executed at a manifestly incorrect price due to technical errors, data feed issues, or other anomalies. LN Markets’ determination of whether a price was manifestly incorrect is final. In making such determination, LN Markets may take into account, among other things, [prices on external reference exchanges, the size and timing of the trade, and whether the price deviated significantly from prevailing market conditions]. LN Markets will use commercially reasonable efforts to notify affected Users of any cancellation, reversal, or adjustment as soon as practicable after becoming aware of the issue.

4.7 Failed Transactions

4.7.1 Failed Deposits

If a deposit fails due to Lightning Network routing issues, on-chain transaction errors, or other technical problems, you are responsible for ensuring the transaction is properly completed. LN Markets is not responsible for funds lost due to failed deposits resulting from user error or network issues.

4.7.2 Failed Withdrawals

If a Lightning Network withdrawal fails, the funds will be automatically re-credited to your Account Balance. For failed on-chain withdrawals, LN Markets will make reasonable efforts to recover funds but cannot guarantee recovery in all cases.

4.8 No Financial Advice

LN Markets does not provide investment, financial, tax, or legal advice. Any information provided through the Platform is for informational purposes only and should not be construed as advice.

You are solely responsible for:

4.9 Third-Party Services

The Platform may contain links to or integrate with third-party services, websites, or content. LN Markets does not endorse, control, or assume responsibility for any third-party services. Your use of third-party services is at your own risk and subject to the terms and conditions of those services.

SECTION 5: CUSTODY & ACCOUNT BALANCES

5.1 Custody of Funds

Upon deposit to your Account via Lightning Network or on-chain Bitcoin transaction, custody and control of your Bitcoin transfers to LN Markets. LN Markets maintains control of private keys associated with deposited funds.

Your Account Balance represents a contractual claim against LN Markets for the Bitcoin value shown, subject to these Terms. It does not represent a direct ownership interest in specific Bitcoin held by LN Markets. Your Account Balance is not protected by any deposit guarantee scheme, investor compensation scheme, or similar protection mechanism in any jurisdiction.

5.2 Fund Protection

LN Markets implements security measures to protect user funds, including cold storage for the majority of user assets and multi-signature wallet controls. However, trading cryptocurrency derivatives carries significant risks, including the potential loss of all deposited funds.

LN Markets may, in its sole discretion, use third-party service providers in connection with the provision of the Services. While LN Markets exercises commercially reasonable care in selecting and monitoring such third-party service providers, you acknowledge that their acts or omissions may result in loss or unavailability of funds.

5.3 Account Balance Accuracy

LN Markets uses commercially reasonable efforts to maintain accurate Account Balance records. In the event of technical errors, system failures, or calculation errors, LN Markets reserves the right to correct any balance inaccuracies.

5.4 No Interest on Account Balances

LN Markets does not pay interest on Account Balances. Bitcoin held in your Account does not accrue interest, yield, or other returns except through trading activities.

5.5 Negative Account Balances

If your Account Balance becomes negative due to liquidation, trading losses exceeding margin, or other circumstances:

5.6 Account Balance Adjustments

LN Markets reserves the right to adjust Account Balances to correct:

Adjustments will be made in good faith based on LN Markets’ reasonable determination of the correct balance. Where an adjustment has material adverse impact on your Account Balance, LN Markets will use commercially reasonable efforts to notify you and provide a brief explanation of the adjustment. You may contact LN Markets promptly if you believe an adjustment has been made in error.

SECTION 6: TRADING & ORDER EXECUTION

6.1 Order Types and Specifications

The Platform supports various Order types, including market orders, limit orders, stop orders, and other order types as specified in the Product Documentation. Order specifications, including minimum and maximum order sizes, tick sizes, and other parameters, are set forth in the Product Documentation and may be modified at any time.

6.2 Order Placement and Acceptance

6.2.1 Order Submission

You may submit Orders through the Platform’s web interface, mobile application, or API. All Orders are subject to:

6.2.2 Order Acceptance

Submission of an Order does not guarantee acceptance or execution. LN Markets reserves the right to reject any Order for any reason, including:

No contractual relationship exists until an Order is accepted and executed by LN Markets.

6.3 Order Execution

6.3.1 Execution Discretion

LN Markets executes Orders in accordance with its matching engine and execution policies. LN Markets does not guarantee:

6.3.2 Slippage

Orders may be executed at prices different from quoted prices due to market conditions, volatility, or liquidity constraints (“Slippage”). You acknowledge and accept the risk of Slippage on all Orders.

6.4 Margin and Leverage

6.4.1 Margin Requirements

All leveraged Positions require Initial Margin as specified in the Product Documentation. You must maintain sufficient Account Balance to meet margin requirements at all times.

6.4.2 Maintenance Margin

You must maintain the Maintenance Margin level for all open Positions. If your Account Balance falls below the required Maintenance Margin, your Positions may be liquidated.

6.4.3 No Margin Calls

LN Markets does not issue margin calls. You are solely responsible for monitoring your Positions and maintaining adequate margin. Failure to maintain required margin will result in automatic liquidation without prior notice.

6.5 Liquidation

6.5.1 Automatic Liquidation

If your Account Balance falls below the required Maintenance Margin, LN Markets will automatically liquidate some or all of your Positions. Liquidation is based on the Mark Price, not the Index Price or Last Traded Price, to prevent unnecessary liquidations from temporary price manipulation or anomalies.

6.5.2 Liquidation Process

The liquidation process, including liquidation prices, fees, and methodology, is set forth in the Product Documentation. LN Markets reserves the right to modify the liquidation process at any time. Any such modification will not apply retroactively to Positions that have already been liquidated, and LN Markets will use commercially reasonable efforts to provide advance notice of Material Changes to the liquidation methodology, except where immediate changes are required for security, risk management, or legal reasons.

6.5.3 No Liability for Liquidation

You acknowledge that liquidation may result in the loss of your entire Account Balance. LN Markets is not liable for any losses resulting from liquidation, regardless of market conditions or technical factors.

6.6 Position Limits

LN Markets may impose limits on Position sizes, Order sizes, or other trading parameters. These limits are set forth in the Product Documentation and may be modified at any time. LN Markets reserves the right to reduce Position limits or require Position reduction without prior notice.

6.7 Settlement

All contracts are cash-settled in Bitcoin. Settlement methodology, including Settlement Price calculation, is set forth in the Product Documentation.

6.8 Trade Cancellation and Adjustment

6.8.1 Erroneous Trades

LN Markets reserves the right to cancel, reverse, or adjust any trade that LN Markets determines, in its sole discretion, was:

6.8.2 Adjustment Methodology

Trade adjustments will be determined by LN Markets in good faith based on:

LN Markets’ determination of whether a trade was erroneous and the appropriate adjustment is final and binding.

6.8.3 No Obligation to Adjust

LN Markets has no obligation to cancel or adjust any trade, even if erroneous. The decision to cancel or adjust trades is entirely at LN Markets’ discretion.

6.9 Prohibited Trading Activities

You may not engage in any of the following activities:

Market Manipulation: Any activity intended to artificially affect prices, volumes, or market conditions, including:

System Abuse: Any activity that abuses or exploits Platform features, including:

Coordinated Manipulation: Coordinating with other Users to manipulate markets or engage in wash trading.

Detection and Enforcement: LN Markets monitors trading activity and may use automated systems to detect prohibited activities. LN Markets reserves the right to investigate suspicious activity and take any action deemed appropriate, including trade cancellation, Account termination, and reporting to authorities. LN Markets may, at its sole discretion, cancel or reverse trades and confiscate or withhold any profits or benefits obtained as a result of Prohibited Trading Activities, and may share relevant information with law enforcement, regulatory, or other competent authorities where required or permitted by law.

6.10 Self-Trading Prevention

LN Markets implements self-trading prevention mechanisms to prevent Users from trading with their own Orders. However, self-trading may still occur if you use multiple accounts or API connections. Any self-trading detected may result in:

SECTION 7: FEES & CHARGES

7.1 Applicable Fees

Your use of the Services is subject to fees as set forth in the Product Documentation at docs.lnmarkets.com. You agree to pay all applicable fees associated with your use of the Services.

7.2 Network Fees

You are responsible for all blockchain network fees associated with deposits and withdrawals, including Bitcoin on-chain transaction fees and Lightning Network routing fees. These fees are separate from fees charged by LN Markets.

7.3 Fee Modifications

LN Markets reserves the right to modify fees at any time. Updated fees will be reflected in the Product Documentation. Continued use of the Services constitutes acceptance of current fees. LN Markets will use commercially reasonable efforts to provide advance notice of Material Changes to the Fee Schedule before they take effect for new trades, except where immediate changes are required for security, risk management, or legal reasons. Changes to fees will not apply retroactively to trades already executed.

7.4 Fee Deduction

Fees are calculated and deducted automatically from your Account Balance in accordance with the methodology described in the Product Documentation.

7.5 No Refunds

Fees are non-refundable except as required by applicable law or at LN Markets’ sole discretion.

7.6 Taxes

You are solely responsible for all taxes applicable to your use of the Services. LN Markets does not provide tax advice.*

SECTION 8: RISK DISCLOSURE STATEMENT

8.1 General Risk Warning

TRADING CRYPTOCURRENCY DERIVATIVES INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION, INVESTMENT EXPERIENCE, AND RISK TOLERANCE. YOU COULD LOSE ALL OR A SUBSTANTIAL PORTION OF YOUR DEPOSITED FUNDS.

By using the Services, you acknowledge that you have read, understood, and accept the risks described in this Section.

8.2 Cryptocurrency Risks

8.2.1 Price Volatility

Cryptocurrency prices are highly volatile and can fluctuate significantly within short periods. Price movements may be sudden, unexpected, and substantial. Historical performance is not indicative of future results.

8.2.2 Market Risks

Cryptocurrency markets operate continuously and may experience periods of illiquidity, extreme volatility, or market disruption. Trading halts, circuit breakers, or exchange outages may prevent you from executing trades or closing positions.

8.2.3 Regulatory Risks

The regulatory status of cryptocurrencies and cryptocurrency derivatives varies by jurisdiction and may change. Regulatory changes could adversely affect the value of your positions, your ability to trade, or the availability of the Services. Regulatory or policy changes may require LN Markets to impose Territorial Restrictions, close or liquidate Positions, or restrict Deposits or Withdrawals in certain jurisdictions, as described in Sections 3.8 and 16.8.

8.2.4 Technology Risks

Cryptocurrency systems are subject to technological risks including software bugs, protocol changes, network attacks, and security vulnerabilities. These risks could result in loss of funds or inability to access the Services.

8.3 Derivatives Trading Risks

8.3.1 Leverage Risk

Trading with leverage amplifies both potential profits and potential losses. A small price movement against your position can result in losses that exceed your Initial Margin. You could lose your entire Account Balance rapidly.

8.3.2 Liquidation Risk

If your Account Balance falls below the Maintenance Margin requirement, your positions will be automatically liquidated. Liquidation may occur at unfavorable prices, particularly during volatile market conditions. You may lose your entire Account Balance due to liquidation.

8.3.3 Margin Monitoring and Liquidation

You are solely responsible for monitoring your positions and maintaining adequate margin. While you can add margin at any time to reduce leverage and avoid liquidation, LN Markets does not issue margin calls or warnings before liquidation. Liquidation occurs automatically when your margin ratio reaches 100%.

8.3.4 Funding Rate Risk

LNM Futures positions are subject to periodic Funding Rate payments. Depending on market conditions and your position direction, you may be required to pay Funding Rates that reduce your Account Balance over time.

8.3.5 Gap Risk

Prices may “gap” or move sharply between trading sessions or during periods of extreme volatility. Stop-loss orders and other risk management tools may not execute at your specified price.

8.4 Lightning Network Risks

8.4.1 Payment Routing Risks

Lightning Network payments depend on available routing paths and channel liquidity. Deposits or withdrawals may fail due to insufficient channel capacity, routing failures, or network congestion.

8.4.2 Failed Deposit Handling

If a Lightning Network deposit fails mid-route, funds may be temporarily locked in a payment channel (HTLC). After payment expiry (which may range from minutes to several days depending on sender parameters), the deposit will be marked as failed and funds will be returned to your sending wallet. No user action is required, though resolution time may vary.

8.4.3 Failed Withdrawal Handling

If a Lightning Network withdrawal fails due to routing issues or insufficient channel liquidity, funds may be temporarily locked. After payment expiry (which may range from minutes to several days), the withdrawal will be marked as failed and your Account Balance will be re-credited automatically.

8.4.4 Transaction Limits

Lightning Network transactions are subject to limits as specified in the Product Documentation. For large amounts, on-chain transactions may be more suitable.

8.4.5 Network Availability

Lightning Network functionality depends on LN Markets’ node connectivity and the broader Lightning Network infrastructure. Service interruptions may occur due to node maintenance, channel rebalancing, or network issues.

8.5 Platform and Operational Risks

8.5.1 System Failures

The Platform may experience technical failures, errors, or interruptions that could prevent you from trading, closing positions, or accessing your funds. LN Markets is not liable for losses resulting from system failures.

8.5.2 Cybersecurity Risks

Despite security measures, the Platform may be vulnerable to cyberattacks, hacking, or unauthorized access. Such events could result in loss of funds or personal information.

8.5.3 Counterparty Risk

Your Account Balance represents a contractual claim against LN Markets. In the event of LN Markets’ insolvency or inability to meet its obligations, you may lose some or all of your deposited funds. Your Account Balance is not protected by any deposit guarantee scheme, investor compensation scheme, or similar protection mechanism.

8.5.4 Settlement Finality

Once deposits and trades are marked as finalized in your Account, they are final and irreversible. Ensure all transaction details are correct before confirming.

8.6 No Guarantees

LN Markets does not guarantee:

8.7 Suitability

You should only trade with funds you can afford to lose entirely. Derivatives trading is not suitable for:

8.8 Independent Advice

LN Markets does not provide investment, financial, tax, or legal advice. You should consult qualified professionals before trading. You are solely responsible for your trading decisions.

8.9 Acknowledgment

By using the Services, you acknowledge that:

SECTION 9: API ACCESS

9.1 API Availability

LN Markets provides a REST API and WebSocket API that enable programmatic access to certain Platform features and Services. API documentation, including TypeScript and Python SDKs, is available at docs.lnmarkets.com/api.

9.2 API Credentials

9.2.1 API Key Security

You are solely responsible for maintaining the confidentiality and security of your API keys, secrets, and passphrases. You must not share API credentials with third parties or use them in a manner that could compromise Account security.

9.2.2 Responsibility for API Activity

All activity conducted through your API keys is your sole responsibility, regardless of whether such activity was authorized by you. LN Markets is not liable for any losses resulting from unauthorized use of your API credentials.

9.2.3 Compromised Credentials

If you suspect your API credentials have been compromised, you must immediately revoke the affected keys and generate new credentials. You remain responsible for all activity until keys are revoked.

9.3 API Usage

9.3.1 Permitted Use

The API may be used for:

9.3.2 Prohibited Use

You may not use the API to:

9.3.3 Rate Limits and Position Limits

API access is subject to rate limits and position limits as specified in the API Documentation. Exceeding rate limits may result in temporary access restrictions or IP blocking. LN Markets reserves the right to modify rate limits at any time.

9.4 Automated Trading

9.4.1 Automated Trading Risks

If you use the API for automated trading, you acknowledge and accept the following risks:

9.4.2 No Liability for Automated Trading

LN Markets is not liable for any losses resulting from automated trading, including losses caused by software bugs, connectivity issues, or unintended trading activity. You are solely responsible for testing, monitoring, and managing automated trading systems.

9.5 API Modifications and Discontinuation

LN Markets reserves the right to modify, suspend, or discontinue the API or any API features at any time without prior notice. LN Markets is not liable for any losses resulting from API changes or discontinuation.

9.6 Third-Party Applications

If you use third-party applications or services that connect to your Account via the API, you do so at your own risk. LN Markets is not responsible for the security, functionality, or reliability of third-party applications. You are responsible for reviewing the terms and security practices of any third-party application before granting API access.

9.7 API Support

API support is provided on an “as -is” basis through documentation and community resources. LN Markets does not guarantee response times for API-related inquiries or issues.

SECTION 10: MARKET DATA

10.1 Market Data Ownership

All market data provided through the Platform, including price data, order book data, trade history, index values, and any derived data (collectively, “Market Data”), is the property of LN Markets or its licensors.

10.2 License Grant

Subject to your compliance with these Terms, LN Markets grants you a limited, non-exclusive, non-transferable, revocable license to access and use Market Data solely for your personal trading activities on the Platform. This license does not permit commercial redistribution or resale of Market Data.

10.3 Prohibited Uses

You may not:

10.4 No Warranty

Market Data is provided “as -is” without warranty of any kind. LN Markets does not guarantee the accuracy, completeness, timeliness, or reliability of Market Data. Market Data may contain errors, delays, or interruptions.

You acknowledge that:

10.5 Limitation of Liability

LN Markets is not liable for any losses or damages arising from your reliance on Market Data, including trading decisions made based on Market Data that was inaccurate, delayed, or incomplete.

10.6 Modifications

LN Markets reserves the right to modify, suspend, or discontinue the provision of Market Data at any time without prior notice. LN Markets may change data sources, calculation methodologies, or data formats at its discretion.

10.7 Third-Party Data

Certain Market Data may be derived from or include data from third-party sources. LN Markets is not responsible for the accuracy or availability of third-party data. Your use of such data may be subject to additional terms imposed by third-party data providers.

SECTION 11: USER OBLIGATIONS

11.1 Compliance with Laws

You are solely responsible for ensuring that your use of the Services complies with all applicable laws, regulations, and rules in your jurisdiction, including but not limited to securities laws, tax laws, and anti-money laundering regulations.

11.2 Accurate Information

You agree to:

11.3 Account Security and Technical Environment

You are responsible for:

LN Markets is not liable for any losses resulting from unauthorized Account access that occurs due to your failure to maintain adequate security.

You are solely responsible for obtaining, maintaining, and securing the hardware, software, internet connection, and any other technical means necessary to access and use the Services. LN Markets is not responsible for any malfunction, failure, or incompatibility of your devices, software, or network connection, or for any inability to access the Platform resulting therefrom.

You must implement appropriate security measures to protect your devices and access credentials, including, where available, enabling two-factor authentication, using up-to-date antivirus and firewall solutions, and avoiding the use of shared or unsecured devices or networks. You acknowledge that failure to implement such measures may increase the risk of unauthorized access to your Account and loss of funds, for which LN Markets shall not be liable, except in cases of gross negligence, willful misconduct, or fraud on the part of LN Markets.

11.4 Prohibited Conduct

You agree not to:

11.5 Cooperation

You agree to cooperate with LN Markets in any investigation relating to your Account or use of the Services, including providing information and documentation as reasonably requested. Failure to cooperate may result in Account suspension or termination.

11.6 Tax Obligations

You are solely responsible for:

LN Markets does not provide tax advice and makes no representations regarding the tax treatment of your trading activities.

11.7 No Professional Use Without Authorization

Unless expressly authorized by LN Markets, you may not use the Services to trade on behalf of third parties or operate as a fund, asset manager, or similar professional capacity.

11.8 Notification of Changes

You must promptly notify LN Markets if:

SECTION 12: INTELLECTUAL PROPERTY

12.1 LN Markets’ Intellectual Property

All intellectual property rights in the Platform, Services, and related materials, including but not limited to software, code, algorithms, designs, graphics, logos, trademarks, trade names, and documentation (collectively, “LN Markets IP”), are owned by LN Markets or its licensors.

12.2 Limited License

Subject to your compliance with these Terms, LN Markets grants you a limited, non-exclusive, non-transferable, revocable license to access and use the Platform and Services for your personal trading activities. This license does not include any right to:

12.3 Trademarks

“LN Markets,” the LN Markets logo, and other LN Markets trademarks, service marks, and trade names are the exclusive property of LN Markets. You may not use any LN Markets trademarks without prior written consent.

12.4 Feedback

If you provide suggestions, ideas, or feedback regarding the Platform or Services (“Feedback”), you grant LN Markets a perpetual, irrevocable, worldwide, royalty-free license to use, modify, and incorporate such Feedback without any obligation to you.

12.5 Third-Party Intellectual Property

The Platform may contain intellectual property owned by third parties. Such third-party intellectual property remains the property of its respective owners and is subject to their terms and conditions.

12.6 Reservation of Rights

All rights not expressly granted in these Terms are reserved by LN Markets. Nothing in these Terms transfers any ownership of intellectual property to you.

SECTION 13: LIMITATION OF LIABILITY

13.1 Disclaimer of Warranties

THE PLATFORM AND SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY. LN MARKETS DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT.

LN Markets does not warrant that:

13.2 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LN MARKETS, ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, AND LICENSORS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO:

WHETHER ARISING FROM CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER THEORY, EVEN IF LN MARKETS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTHING IN THESE TERMS SHALL LIMIT OR EXCLUDE ANY LIABILITY THAT CANNOT BE LIMITED OR EXCLUDED UNDER APPLICABLE LAW.

13.3 Cap on Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LN MARKETS’ TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR YOUR USE OF THE SERVICES SHALL NOT EXCEED THE TOTAL FEES PAID BY YOU TO LN MARKETS DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM. THIS LIMITATION DOES NOT APPLY TO ANY LIABILITY THAT CANNOT BE LIMITED OR EXCLUDED UNDER APPLICABLE LAW.

13.4 Essential Purpose

THE LIMITATIONS AND EXCLUSIONS IN THIS SECTION APPLY REGARDLESS OF WHETHER THE LIMITED REMEDIES FAIL OF THEIR ESSENTIAL PURPOSE.

13.5 Jurisdictional Limitations

Some jurisdictions do not allow the exclusion of certain warranties or limitation of liability for certain damages. In such jurisdictions, the limitations set forth in this Section shall apply to the fullest extent permitted by applicable law.

13.6 Basis of the Bargain

You acknowledge that LN Markets has set its fees and entered into these Terms in reliance upon the disclaimers and limitations of liability set forth herein, and that these form an essential basis of the bargain between you and LN Markets.

SECTION 14: INDEMNIFICATION

14.1 Indemnification Obligation

You agree to indemnify, defend, and hold harmless LN Markets, its affiliates, and their respective directors, officers, employees, agents, and licensors (collectively, “Indemnified Parties”) from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising out of or relating to:

14.2 Indemnification Procedure

LN Markets will provide you with prompt notice of any claim subject to indemnification. LN Markets reserves the right, at its own expense, to assume the exclusive defense and control of any matter subject to indemnification by you, and you agree to cooperate with LN Markets’ defense of such claims.

14.3 Survival

Your indemnification obligations shall survive the termination of these Terms and your use of the Services.

SECTION 15: DISPUTE RESOLUTION

15.1 Governing Law

These Terms and any dispute arising out of or relating to these Terms or the Services shall be governed by and construed in accordance with the laws of Saint Vincent and the Grenadines, without regard to its conflict of laws principles.

15.2 Informal Resolution

Before initiating any formal dispute resolution proceedings, you agree to first contact LN Markets at support@lnmarkets.com to attempt to resolve the dispute informally. LN Markets will attempt to resolve the dispute by contacting you through your registered email address. If a dispute is not resolved within ninety (90) days of submission, either party may proceed with formal dispute resolution.

15.3 Jurisdiction and Arbitration

Default Jurisdiction: The courts of England and Wales shall have exclusive jurisdiction to settle any dispute, controversy, or claim arising out of or relating to these Terms or the Services.

Arbitration Option: Notwithstanding the foregoing, LN Markets may at its sole discretion, by written notice to you, require that any dispute be referred to and finally resolved by arbitration administered by the London Court of International Arbitration (LCIA) in accordance with its rules then in force. The seat of arbitration shall be London, England. The language of the arbitration shall be English.

15.4 Arbitration Procedures

If arbitration is elected by LN Markets pursuant to Section 15.3, the arbitration shall be conducted by a single arbitrator appointed in accordance with the LCIA Rules. The arbitrator’s decision shall be final and binding, and judgment on the award may be entered in any court of competent jurisdiction.

15.5 Class Action Waiver

YOU AND LN MARKETS AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. You waive any right to participate in a class action lawsuit or class-wide arbitration against LN Markets.

15.6 Exceptions

Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation, or violation of intellectual property rights or confidentiality obligations.

15.7 Time Limitation

Any claim or cause of action arising out of or relating to these Terms or the Services must be filed within one (1) year after such claim or cause of action arose, or it shall be forever barred.

SECTION 16: TERM AND TERMINATION

16.1 Term

These Terms are effective upon your acceptance and remain in effect until terminated by either party.

16.2 Termination by You

You may terminate these Terms at any time by closing your Account and ceasing to use the Services. To close your Account, you must withdraw all funds and submit an Account closure request through the Platform or by contacting support@lnmarkets.com.

16.3 Termination by LN Markets

LN Markets may terminate or suspend your Account and access to the Services at any time, with or without cause, and with or without notice. Reasons for termination may include, but are not limited to:

16.4 Effect of Termination

Upon termination:

16.5 Withdrawal After Termination

Following termination, you may request withdrawal of any remaining Account Balance not subject to legal holds or outstanding obligations. LN Markets reserves the right to delay withdrawals pending completion of security reviews or compliance procedures.

16.6 Survival

The following provisions shall survive termination of these Terms: Sections 8 (Risk Disclosure), 10 (Market Data), 12 (Intellectual Property), 13 (Limitation of Liability), 14 (Indemnification), 15 (Dispute Resolution), and this Section 16.6, as well as any other provisions that by their nature should survive termination.

16.7 No Liability for Termination

LN Markets shall not be liable to you or any third party for any termination of your Account or access to the Services.

16.8 Territorial Restriction

Where a Territorial Restriction Notice is issued, LN Markets may limit access to certain functionalities of the Account without terminating these Terms. You shall retain the right to withdraw available funds subject to these Terms. Following expiry of any transitional period specified in such notice, LN Markets may liquidate any remaining open Positions at market price without prior notice. LN Markets shall not be liable for any loss resulting from such liquidation, except in cases of gross negligence, willful misconduct, or fraud. Withdrawal requests shall remain subject to applicable verification, compliance, and anti-money laundering procedures, and LN Markets may be required to refuse, delay, or block Withdrawals where mandated by applicable law or by a competent authority.

16.9 Dormant Accounts and Unclaimed Balances

LN Markets may classify an Account as dormant if there has been no login or trading activity for a continuous period of twelve (12) months or more. Before classifying an Account as dormant, LN Markets will use commercially reasonable efforts to contact you using your last known contact details.

Once an Account is classified as dormant, LN Markets may, subject to applicable law:

If, after a further period of two (2) years following classification as dormant, LN Markets is unable to contact you or process a Withdrawal due to lack of response or insufficient information, LN Markets may, to the extent permitted by applicable law, treat the remaining Account Balance as unclaimed property and handle it in accordance with its internal policies and any applicable escheatment or unclaimed property laws.

SECTION 17: AMENDMENTS

17.1 Right to Amend

LN Markets reserves the right to modify, amend, or update these Terms at any time at its sole discretion. Changes that constitute Material Changes are referred to in this Section as “Material Amendments”.

17.2 Notice of Amendments

LN Markets will notify you of amendments by posting the updated Terms on the Platform and updating the “Last Updated” date at the top of these Terms. For Material Amendments, LN Markets will use commercially reasonable efforts to provide advance notice (e.g., by email or in-Platform notice) before such amendments take effect, except where immediate changes are required for security, risk management, or legal reasons.

17.3 Acceptance of Amendments

Your continued use of the Services after any amendment constitutes your acceptance of the amended Terms. If you do not agree to an amendment, you must stop using the Services and close your Account. During any notice period for a Material Amendment (where applicable), you may close your Positions and request Withdrawals in accordance with these Terms.

17.4 Review Responsibility

You are responsible for regularly reviewing these Terms to stay informed of any changes. LN Markets is not obligated to provide individual notice to each User.

17.5 Disputes Regarding Amendments

Any dispute arising from an amendment shall be governed by the version of the Terms in effect at the time the dispute arose.

SECTION 18: GENERAL PROVISIONS

18.1 Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable while preserving the parties’ original intent.

18.2 Waiver

No failure or delay by LN Markets in exercising any right or remedy shall constitute a waiver of that right or remedy. A waiver of any right or remedy on one occasion shall not constitute a waiver of that right or remedy on any other occasion.

18.3 Assignment

You may not assign or transfer these Terms or any rights or obligations hereunder without LN Markets’ prior written consent. LN Markets may assign or transfer these Terms or any rights or obligations hereunder without restriction. These Terms shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.

18.4 Force Majeure

LN Markets shall not be liable for any failure or delay in performing its obligations under these Terms due to a Force Majeure Event. During a Force Majeure Event, LN Markets’ obligations shall be suspended for the duration of the event.

18.5 Hardship and Change of Circumstances

To the fullest extent permitted by applicable law, you agree that any change in market conditions, your personal financial situation, or the economic balance of these Terms, including any losses incurred as a result of trading on the Platform, shall not entitle you to terminate or renegotiate these Terms on the basis of hardship, frustration of purpose, or similar doctrines, and shall not give rise to any claim against LN Markets.

18.6 Notices

Notices to LN Markets should be sent to: support@lnmarkets.com

Notices to you will be sent to your registered email address or posted on the Platform. Notice shall be deemed given upon sending (for email) or posting (for Platform notices).

18.7 Relationship of the Parties

Nothing in these Terms creates a partnership, joint venture, agency, or employment relationship between you and LN Markets. You have no authority to bind LN Markets in any manner.

18.8 Third-Party Beneficiaries

These Terms do not confer any rights on any third party, except that LN Markets’ affiliates and the Indemnified Parties are intended third-party beneficiaries of the applicable provisions herein.

18.9 Language

These Terms are written in English. Any translation is provided for convenience only. In the event of any conflict between the English version and any translation, the English version shall prevail.

18.10 Headings

Section and subsection headings are for convenience only and shall not affect the interpretation of these Terms.

18.11 Contact Information

For questions or concerns regarding these Terms, please contact:

This institution is regulated by the Superintendency of the Financial System of El Salvador. For inquiries or unresolved complaints, please contact: atencionalusuario@ssf.gob.sv