cTrader Code, Varients or Derivatives

Intellectual Property, Monitoring and Prohibited Use Notice

TerraBullMarkets (TBM Ltd) and TBM Digital Ltd (together, “TBM”, “we”, “us”, “our”) own and reserve all rights, title and interest in and to:

  • all trading tools, algorithms, code, scripts, libraries and software components;

  • any variants, adaptations, derivative works, reverse-engineered versions or concepts derived from them; and

  • all trading strategies, signals, executions and trading activity carried out by or on behalf of TBM.

TerraBullMarkets (TBM Ltd) reserves all rights to trading tools, code and any variant of code or concept, whether derived, stolen, copied, reverse-engineered or snooped on in any way.

These materials are protected under applicable copyright, trade secret, database, contract and computer misuse laws in the United Kingdom, the European Union, the United States and globally, including (without limitation):

  • UK copyright and database rights and the Copyright, Designs and Patents Act 1988, as well as trade secret, confidentiality and computer misuse laws (including the Computer Misuse Act 1990);

  • EU copyright and database rights, and protections for trade secrets and confidential information under EU and Member State law (including laws implementing the EU Trade Secrets Directive); and

  • US federal and state laws protecting copyrights, trade secrets, confidential information and computer systems (including the Computer Fraud and Abuse Act (CFAA) and related state laws).

Any unauthorised access to, use of, copying of, or interference with our code, tools, trading systems, accounts, devices, networks or data – including any form of “snooping”, scraping, monitoring, replaying, mirroring, shadowing or copying of trading activity – may constitute civil wrongs and/or criminal offences in one or more jurisdictions (including the UK, EU and US).


Consent, Licensing and Fees

Prior, express, written consent from TBM is mandatory for any:

  • use of our trading tools, algorithms, code, scripts, libraries or concepts, in whole or in part;

  • access to, or monitoring of, our systems, data, trading activity or related infrastructure beyond what is expressly permitted to you in writing; or

  • creation of derivative works or variants based on our code, tools, strategies or any related concept.

Where TBM agrees in writing to grant such rights, the following standard licence fees apply unless we explicitly agree otherwise in writing:

  • Personal (non-business) users:
    GBP £1,000,000 (one million pounds sterling) per day,
    billed on a minimum of one (1) full calendar month; and

  • Business entities and organisations of any kind (including, without limitation, companies, partnerships, funds, DAOs, agencies and institutions):
    GBP £2,500,000 (two million five hundred thousand pounds sterling) per day,
    billed on a minimum of one (1) full calendar month, or longer where agreed.

Use of our tools, code, concepts, systems or data without a signed agreement and full payment in advance is strictly prohibited and may expose you and/or your organisation to:

  • contractual claims (including for all applicable fees at the rates above),

  • damages and/or an account of profits,

  • injunctive and other equitable relief, and

  • civil and/or criminal liability under applicable law.

Please contact us to discuss any proposed use or integration of our trading tools or code, and be prepared to make full payment in cleared funds in advance of any access or use.


Global Scope

The rights, protections, restrictions and obligations set out in this notice apply worldwide, regardless of:

  • where you or your organisation are located;

  • where any servers, devices, cloud services or other infrastructure are physically located;

  • where trades are executed or which markets or instruments are involved; or

  • any choice-of-law or conflict-of-law rules.

No consent is granted, anywhere in the world, for any:

  • use, copying, adaptation or derivation of our trading tools, code, concepts or systems;

  • access to, or monitoring or interception of, our accounts, devices, networks, data or trading activity; or

  • copying, mirroring, shadowing, tracking or replication of our trades or trading strategies,

unless and until:

  1. TBM has given prior, express, written consent; and

  2. all applicable fees (including, at minimum, the licence fees set out above) have been paid in full, in advance, in cleared funds.

Any access, use, copying or monitoring that does not meet these conditions is unauthorised and may give rise to civil and/or criminal liability in one or more jurisdictions, in addition to contractual claims for fees, damages, injunctive relief and costs.


No Consent to Copy Trading Activity

For the avoidance of doubt:

  • We do not and will never provide consent to the copying, shadowing, mirroring, replication or systematic observation of:

    • our trading activity; or

    • the trading activity of any person or entity related to, affiliated with, or acting on behalf of TBM Ltd or TBM Digital Ltd.

  • This prohibition includes, without limitation, any use of:

    • copy-trading platforms or services,

    • trade-replay or “ghosting” tools,

    • API-based or screen-scraping systems,

    • order-flow monitoring or transaction-feed tools,

    • network-level or device-level snooping or packet inspection, or

    • any other mechanism designed to infer, reconstruct, replicate or profit from our trading decisions or those of our related entities or personnel.

Any such activity is strictly unauthorised and may result in immediate legal action, including claims for all applicable fees at the above rates, damages, injunctive relief and reporting to relevant authorities where appropriate.