Terms & Conditions

NICOMTRADE operates a private, members-only technology platform that, for verified counterparties, provides introduction, facilitation, consultancy and deal-support services in relation to physical commodities and related transactions, and earns consultation, introduction and/or success fees.

NICOMTRADE is not, and does not hold itself out as:

• a securities, commodities, or financial exchange, trading venue, or market operator;
• a broker-dealer, investment firm, or regulated financial intermediary;
• a custodian, escrow agent, payment, money-services or money-transmission provider;
• a virtual asset service provider (VASP), crypto exchange, or wallet/custody provider;
• an investment, financial, legal, tax or accounting adviser.

NICOMTRADE does not hold, control or transmit Member funds or assets; take title to any commodity; execute, match as principal, clear or settle transactions; operate an order book; or guarantee any transaction, counterparty, price, financing, delivery or outcome. All transactions are concluded directly between Members, party-to-party, off-Platform, at their own risk.

Where NICOMTRADE itself participates in a commodity transaction as a principal trader or registered broker, it does so only within the activities authorized by its Commercial Registration and under a separate written agreement, distinct from the Platform’s introduction/technology services.

NICOMTRADE applies KYC/AML, beneficial-ownership and sanctions screening as part of access control, and you consent to such screening and to our use of third-party and automated tools.

You represent and warrant on an ongoing basis that you, your beneficial owners and your counterparties are not subject to UN, US (OFAC), EU, UK or Omani sanctions, are not on any prohibited-party list, and that funds and goods are not of illicit or sanctioned origin. You will not use the Platform for money laundering, terrorist financing, sanctions evasion, fraud, or any unlawful purpose. We may report, freeze access to, and decline to facilitate any matter we consider suspicious, and may make disclosures required by law without notifying you where the law so requires.

Listings, matches, compatibility scores, AI explanations, prices and market information are facilitation and information only. They are not offers, solicitations, recommendations or advice, and do not guarantee that any counterparty, deal, price, quantity, quality, financing, delivery or settlement is genuine, available, accurate, or will complete.

You are solely responsible for your own due diligence on every counterparty and transaction before entering any commitment. NICOMTRADE is not a party to any LOI, ICPO, SPA, NCNDA/IMFPA, offer, contract or instrument concluded between Members.

NICOMTRADE charges membership, introduction and/or success fees as set out in your engagement letter or the applicable fee schedule. Fees are exclusive of any applicable taxes (including Oman VAT, where applicable).

Non-circumvention: for twelve (12) months following an introduction, you will not circumvent, avoid or bypass NICOMTRADE (directly or via affiliates) to transact with a counterparty introduced through the Platform without paying the agreed fees. This obligation survives termination and is in addition to any signed NCNDA/IMFPA.

Fuel / petroleum products and gold / precious metals: introduction and deal-support services for verified Members, subject to these Terms and applicable law and licensing.

Crypto / virtual assets: crypto-related features are currently limited to expression of interest only. NICOMTRADE does not exchange, trade, custody, transmit, match-as-principal or settle virtual assets, provides no wallet or custody, and does not offer VASP services. Crypto features may be unavailable, restricted or withdrawn by jurisdiction and are offered only where lawful and once any required authorization is in place. Nothing on the Platform is an offer to buy or sell virtual assets where that would require a license NICOMTRADE does not hold.

The Platform and all content are provided “as is” and “as available”, with no warranties of any kind. See our Disclaimer.

To the maximum extent permitted by law, NICOMTRADE and its partners, managers, employees and agents are not liable for any indirect, incidental, special, consequential or punitive damages, or for any trading losses, lost profits or opportunities, counterparty default, fraud by a Member, data loss, or business interruption. NICOMTRADE’s total aggregate liability for any claim is limited to the fees you paid to NICOMTRADE in the twelve (12) months preceding the event.

You indemnify NICOMTRADE against claims, losses and costs arising from your use of the Platform, your transactions or counterparties, your breach of these Terms, or your breach of any law, sanctions or third-party right.

NICOMTRADE operates under Commercial Registration No. 1466560 for its registered activities. The Platform’s introduction, technology and consultancy services are not regulated exchange, custody, brokerage, payment or VASP services, and none of these Terms represents that NICOMTRADE holds any such license.

Certain activities or markets may require additional authorizations. Where they do, NICOMTRADE will obtain them before offering that activity, or restrict or withhold the activity in the relevant market. The Platform is offered only where lawful; nothing on it is an offer or solicitation in any jurisdiction where that would be unlawful or require a license NICOMTRADE does not hold. We may modify the Platform, these Terms, or available features at any time; continued use means acceptance.