Terms and Conditions

  1. WHEN THESE TERMS APPLY
    These Terms and Conditions (Terms) are agreed upon between you and FundedPips (the Company) and outline the terms and conditions that govern your Account and your use of the Services (including within an Evaluation Program, as a Funded Trader, or for any related services). These Terms become effective immediately upon the successful registration of your Account and remain in force until terminated or until you cease using the Services according to clause 18. By registering your Account and using the Services, you explicitly confirm that you have read, understood, and agree to be bound by these Terms.
  2. WHAT YOU ARE COMMITTING TO
    2.1 Evaluation of Trading Skills
    (a) By creating an Account and paying the Access Fee, you agree to have your trading skills evaluated by the Company within a proprietary demo environment (developed by the Company) and according to the Evaluation Criteria corresponding to your selected Evaluation Program.
    (b) You will gain access to the Trading Platform, which you will use to execute your Trades for evaluation by the Company against the Evaluation Criteria.

2.2 Funded Trader
(a) If your trading skills meet the required proficiency level and you satisfy the Evaluation Criteria, the Company may offer you a position as a Funded Trader (which you may accept or decline). There is no assurance that such an offer will be made, even if you meet the relevant Evaluation Criteria.
(b) As a Funded Trader, the Company will allocate you a Capital Allocation (the amount of which will correspond to your Evaluation Program) from which you will execute Trades with the aim of generating a Notional Net Profit for each Trading Period.
(c) If you meet the Funded Trader Criteria for a specific Trading Period, you will receive a Trader Payout for that period.
(d) If you do not meet the Funded Trader Criteria for a specific Trading Period, you will not receive a Trader Payout for that period.
(e) As a Funded Trader, you are not required to deposit any money to fund your allocated Capital Allocation or cover any negative financial positions of your Trades. Your Capital Allocation and the monetary positions of your Trades are purely representative and not actual amounts or positions.

2.3 Trades are Demonstrative Only
All of your Trades will be executed on the Trading Platform, which is strictly a demo-only environment and not a “live” trading platform. The Trading Platform may utilize real-time data from a live trading environment, but this data is for representation purposes only, and your Trades will not occur in a “live” environment. This applies to the Trades you place as part of your chosen Evaluation Program and as a Funded Trader.

  1. INITIAL MATTERS
    3.1 Changes to These Terms
    The Company may amend these Terms at any time, including to comply with legal and regulatory requirements, protect its systems, processes, and other users of the Services (including other Funded Traders), and to ensure the Services can continue to be provided in a commercially viable and sustainable manner. If such changes significantly affect the Services or their delivery, you will be notified in writing before the changes are implemented or as soon as possible after they are implemented.

3.2 Defined Terms
Unless expressly stated otherwise or the context requires a different interpretation, the following words have the following meanings when used in these Terms:
• Access Fee means the upfront fee you pay to the Company to access the Services, relevant to your selected Evaluation Program as described in the Schedule of Evaluation Programs & Fees.
• Account means an account that you create or is created on your behalf to use the Services offered by the Company.
• Evaluation Criteria refers to the criteria corresponding to each Evaluation Program detailed in the Schedule of Evaluation Programs & Fees, which must be met to determine whether the Company considers a person to have sufficient trading proficiency.
• Evaluation Program refers to an “Evaluation Program” as detailed in the Schedule of Evaluation Programs & Fees that you select when establishing your Account.
• Capital Allocation refers to the representative dollar amount that you will be allocated if selected to become a Funded Trader, which you will use to construct and execute representative Trades.
• Funded Trader refers to a person who accepts the Company’s offer to become an independent contractor to construct and execute theoretical Trades using representative real-time data on the Trading Platform.
• Funded Trader Criteria refers to the relevant criteria that a Funded Trader must satisfy to receive Trader Payouts (as described in the Schedule of Evaluation Programs & Fees).
• Trading Platform refers to the technology platform provided by the Company to you as part of the Services to construct and execute Trades.
• Trader Payouts refers to the amounts you will be entitled to receive if you become a Funded Trader and satisfy the Funded Trader Criteria (as described in the Schedule of Evaluation Programs & Fees).

3.3 Interpretation of these Terms
When interpreting these Terms, unless the context otherwise requires:
(a) Singular words include the plural and vice versa;
(b) A reference to a “party” means a party to these Terms;
(c) The word “including” or any form of that word is not a limitation;
(d) Headings and subheadings are for convenience only and do not affect the interpretation or construction of these Terms.

  1. RESIDENCY ACKNOWLEDGEMENT & DISCLAIMER
    You acknowledge, warrant, and agree that you are not, and will not at any time during your use of the Services be, a citizen or resident (permanent or otherwise) of a Restricted Territory. You agree to fully indemnify the Company and its personnel from any loss, damage, or liability arising out of or in connection with the establishment of your Account or your use of the Services being unlawful or not permitted in any jurisdiction.
  2. PROVISION OF SERVICES
    The Company provides the Services strictly for Permitted Use only. You acknowledge and agree that the Trading Platform and Services are provided “as is” and that you have not relied on any representation or warranty made by any party, other than as expressly set out in these Terms.
  3. NO PARTNERSHIP OR EMPLOYMENT RELATIONSHIP
    These Terms do not create or constitute a partnership, joint venture, agency, or employer/employee relationship between the parties.
  4. ESTABLISHING YOUR ACCOUNT
    To establish your Account, you must complete the Account Application Form on the Website and provide the Company with all additional information requested, including relevant documents for identity verification.
  5. ACCESS FEE
    Upon establishing your Account, you will be required to pay the Access Fee applicable to your chosen Evaluation Program in full before you are granted access to the Trading Platform.
  6. EVALUATION PROGRAM
    Once the Company has received the Access Fee, you will be granted access to the Trading Platform to begin your Evaluation Program. The Evaluation Criteria (including the Evaluation Period) corresponding to your selected Evaluation Program will apply.
  7. COMPLETION OF EVALUATION PROGRAM
    To successfully complete your chosen Evaluation Program, your Trading Performance must satisfy the Evaluation Criteria relevant to you and your chosen Evaluation Program.
  8. FUNDED TRADER
    If you satisfy the Evaluation Criteria, the Company may offer you a position as a Funded Trader. As a Funded Trader, you will be allocated a Capital Allocation, and you will execute Trades aiming to generate Notional Net Profit.
  9. PERMITTED USE & RESTRICTIONS
    You must use the Services solely for the Permitted Use and must not use the Services to violate any Restrictions.
  10. TAXES OR OTHER STATUTORY OR REGULATORY COSTS
    You are solely responsible for paying all relevant taxes or other statutory or regulatory fees in connection with your use of the Services.
  11. INTELLECTUAL PROPERTY
    The Company retains ownership of all intellectual property rights to the Trading Platform, Website, and Services provided to you.
  12. CONFIDENTIALITY
    You agree to keep all Confidential Information received from the Company confidential and only use it as necessary to exercise your rights under these Terms.
  13. PRIVACY AND DATA PROTECTION
    The Company may collect and process your personal data in accordance with its Privacy Policy.
  14. INDEMNITY AND LIMITATION OF LIABILITY
    The Company is not liable for any loss, damage, or liability incurred by you, except in cases of gross negligence or willful misconduct by the Company.
  15. TERMINATION OR DISCONTINUED USE OF SERVICES
    You may stop using the Services at any time by notifying the Company. The Company may also terminate your access for any reason or if you breach the Terms.
  16. FORCE MAJEURE
    The Company is not liable for any claims arising from events outside its reasonable control, including natural disasters, war, or market conditions.
  17. WARRANTIES REGARDING CAPACITY AND STATUS
    Each party warrants that it has the capacity to enter into and perform its obligations under these Terms.
  18. NOTICES
    Any notice given under these Terms must be in writing and delivered to the registered address of the Company or as communicated by you.
  19. DISPUTE RESOLUTION
    Disputes arising from these Terms will be resolved through arbitration under the London Court of International Arbitration (LCIA) Rules.