AP Markets Ltd. · Effective: August 2026. Please read the following terms carefully before participating. Participation in AP Markets' Wealth Markets programs involves risk and requires compliance with the applicable eligibility criteria.
Wealth Markets is the collective investment program of AP Markets Ltd. AP Markets Ltd. pools participants' capital and channels it, through institutional due diligence processes (KYB), to hedge funds and liquidity providers. The Client does not invest directly in those institutions: they participate in the program they select and their result evolves in proportion to their contribution, in accordance with the program's net asset value (NAV) per unit, calculated by an independent administrator. Investment strategies are executed by the underlying institutions and by accredited managers in accordance with each program's mandate; AP Markets structures and administers the programs and does not guarantee any return. The specific conditions of each program — minimum amounts, fees, holding period, notice periods and liquidity mechanics — are set out in the corresponding program's rules or annex (the "Program Rules"), which are made available to the Client before subscription, form an integral part of these Terms and prevail over any informational or promotional material.
By participating in any Wealth Markets program, the Client represents, warrants and undertakes to keep in effect throughout their relationship with AP Markets, that: (i) they meet the eligibility criteria established by the securities regulation applicable in their jurisdiction, as well as any additional criteria AP Markets communicates during the subscription process; (ii) they are not a resident, citizen or domiciled in a jurisdiction where participation is restricted or prohibited, including jurisdictions subject to international sanctions or FATF non-cooperation lists; and (iii) they will immediately notify AP Markets of any change in their eligibility status.
The Client must meet the minimum investment amount of the selected program, established in the corresponding Program Rules and communicated by their account manager and in the client portal before subscription. Prime Vision is exclusive to professional or qualified investors and is not offered to retail investors. Where the local regulation applicable to the Client requires stricter criteria, that regulation shall prevail.
AP Markets reserves the right to verify compliance with the eligibility criteria at any time and to suspend, restrict or terminate access for ineligible clients. Any false or inaccurate representation under this clause constitutes a material breach and may result in immediate termination of the relationship, without prejudice to the legal and indemnity actions available to AP Markets.
Participation in Wealth Markets programs involves risk, including the possibility of partial or total loss of capital. Past performance does not guarantee future results and any projection is an estimate, not a guarantee.
The programs' underlying strategies — executed by hedge funds, liquidity providers and accredited managers — may employ leverage, derivatives, short selling and concentrated positions, instruments that amplify both gains and losses. Each program declares its target volatility, its drawdown tolerance and its risk-reduction triggers; these parameters constitute risk budgets, not guarantees. The Client acknowledges having the financial means and the risk tolerance necessary to absorb a total loss of their investment, regardless of the program selected.
Factors that may affect performance include, without limitation: market conditions, liquidity for redemptions, concentration, and currency, tax or regulatory factors. Information about the programs is general in nature and does not consider each Client's investment objectives, financial situation or particular needs. It is for the Client to assess and select the program according to their own judgment, financial capacity and risk tolerance, based on the specific description of each program. AP Markets does not act as a fiduciary advisor nor issue personalized recommendations.
Each program defines its minimum investment amount and its minimum holding period (lock-up), established in the corresponding Program Rules and binding once the investment has begun. The Client agrees not to assign, transfer or pledge their position during the lock-up period without AP Markets' prior written consent.
Subscriptions are processed in scheduled windows, with the notice indicated in the Program Rules and under the pre-funding model: the contribution must be credited to an escrow account before the subscription is processed. The minimum additional investment is that indicated in the Program Rules. AP Markets may limit, suspend or prorate redemptions in periods of market stress, notifying the Client of the reasons for such a measure and its estimated duration.
Fees are specific to each program: each applies an annual management fee and a performance fee, with no subscription (entry) fee. The applicable percentages are established in the corresponding Program Rules and disclosed to the Client — through their account manager and the client portal — before subscription.
The management fee accrues monthly and is deducted from the program's NAV. The performance fee applies only to gains above the program's high-water mark and hurdle rate, and crystallizes annually and at the time of redemption. An anti-dilution adjustment (swing pricing) may apply to subscriptions and redemptions, to the extent indicated in the Program Rules, the proceeds of which remain in the program. Administrative, custody and audit costs may apply, subject to a published TER cap; the manager absorbs any excess. All fees are disclosed in full before subscription and detailed in the periodic statements.
Any withdrawal request must be submitted through the client portal or the notification channels provided for in these Terms, with each program's own notice established in its Rules. The notice applies to both partial and full withdrawals. Redemptions are processed on each program's scheduled dates, with the frequency indicated in its Rules and subject to the applicable anti-money-laundering checks.
Withdrawals during the declining tail following the lock-up incur an early-redemption fee, decreasing over time until it reaches zero according to the schedule in the Program Rules, the proceeds of which revert to the program for the benefit of the remaining participants.
Each program may apply a redemption gate per window, with transparent proration and queue, and a holdback on full redemptions until the audited statements are issued, on the terms of its Rules. Partial redemptions are allowed while maintaining the program's minimum. Suspension of redemptions applies only in emergency situations, in a governed and temporary manner.
The Client will receive monthly statements with the position value, accrued gains, fee deductions and NAV movements. An annual audited report is delivered within 90 days after year-end. Tax documents are issued according to the Client's domicile. All statements are available in the AP Markets client portal and by secure mail. The Client is responsible for keeping their contact details up to date.
AP Markets collects and processes the Client's personal data, including identification, financial and contact data, for the following purposes: (i) identity verification and compliance with KYC/AML obligations; (ii) administration of the contractual relationship and the Client's investments; (iii) sending statements, reports and operational communications; and (iv) compliance with legal and regulatory obligations.
Personal data will be treated confidentially and will only be shared with: identity-verification service providers, custodians, auditors, and competent authorities where there is a legal obligation. AP Markets implements reasonable technical and organizational measures to protect data against unauthorized access, loss or alteration.
The Client may exercise their rights of access, rectification, updating and deletion of their personal data, to the extent this does not prevent compliance with legal retention obligations (including AML rules), by written request to the email indicated in the Notifications clause. Data will be retained for the duration of the relationship and for the subsequent period required by applicable law.
By ticking the acceptance box and proceeding to load funds, the Client acknowledges and accepts that: a) they have read and fully understood these Terms and Conditions before making any capital contribution; b) their electronic acceptance constitutes valid and binding consent, with the same legal effect as a handwritten signature, in accordance with applicable e-commerce and electronic-signature rules; c) for Clients whose relationship does not include an additional formal contract, these Terms and Conditions constitute the entire and binding agreement between the Client and AP Markets regarding the selected program; d) they have satisfactorily completed the identity-verification and due-diligence (KYC) process required by AP Markets as a precondition to operating; e) they understand the risk profile of the selected program in accordance with Section 3, that such choice reflects their own judgment, and that there is no guarantee of return or of recovery of the invested capital; and f) they have had the opportunity to ask AP Markets questions and, if deemed necessary, to consult independent advisors before proceeding.
AP Markets shall not be liable to the Client for losses arising from: (i) market fluctuations or the performance of the underlying strategies executed by the program's institutions and managers, provided the program was operated in accordance with its description; (ii) acts or omissions of independent third parties, including custodians, correspondent banks or technology providers; (iii) force majeure events, including market disruptions, system failures beyond its control, acts of authority or extraordinary events; or (iv) investment decisions made by the Client on their own judgment.
AP Markets' total and cumulative liability to the Client, for any cause, is limited to the amount of management fees actually collected from that Client during the twelve (12) months preceding the event giving rise to the claim. Nothing in this clause limits or excludes AP Markets' liability in cases of willful misconduct, fraud or gross negligence, nor any other liability that cannot be excluded under applicable law.
AP Markets may amend these Terms and Conditions by notifying the Client through the portal and the registered email at least thirty (30) days before they take effect. Amendments will not apply retroactively to investments already made regarding fees, holding periods and withdrawal conditions, unless they benefit the Client or are required by law. If the Client does not agree with an amendment, they may request the withdrawal of their investment in accordance with Clause 6. For investments whose holding period is in effect, the originally accepted terms will apply.
Any notice between the parties must be made in writing and will be deemed validly given: (i) if sent by AP Markets, to the email registered by the Client in the portal or by publication in that portal; and (ii) if sent by the Client, to AP Markets' official notifications email: legal@ap-markets.com.
Notices sent by email will be deemed received on the business day following their dispatch, unless proven otherwise. It is the Client's responsibility to keep their registered email address up to date. Any change to AP Markets' official notifications email will be communicated to Clients through the portal at least ten (10) days in advance.
These Terms and any non-contractual obligations arising from them are governed by the laws of Saint Lucia. The Client and AP Markets submit to the exclusive jurisdiction of the courts of Saint Lucia for any dispute. The Wealth Markets service is offered by AP Markets Ltd., registered at the International Financial Centre (IFC) of Saint Lucia under number 2026-00139, and is not available to residents of the United Arab Emirates. AP Markets complies with the applicable international AML and KYC standards.
The Client undertakes to indemnify and hold harmless AP Markets, its directors, employees and affiliates, against any loss, claim or expense (including legal fees) arising from: (i) the Client's false or inaccurate representations under these Terms; (ii) breach of their obligations established herein; or (iii) improper use of AP Markets' platform or services.
