Performance Reward Policy
Effective date:
About This Document
This document forms part of your legal relationship with FUNDED IQ LLC. In this document, we, us, and our mean FUNDED IQ LLC. You and your mean you as the person this document applies to. Read this document together with the General Terms and Conditions and any Product Schedule, programme terms, agreement, or policy incorporated into your Order or account.
FundedIQ provides simulated CFD evaluation and funded-account services. FundedIQ is not a broker, deposit-taker, custodian, or investment adviser, and the balances shown in FundedIQ accounts are not customer funds.
1. Reward Nature
A reward is a conditional contractual payment from us based on eligible performance in a funded simulated account. It is not a withdrawal of the displayed balance, a return on invested capital, salary, dividend, or share of client or live-market profit.
2. Eligible Net Simulated Profit
Eligible Net Simulated Profit is the positive net result for the Reward Period after realised simulated losses, commissions, swaps, fees stated in the Product Schedule, prior paid or credited rewards, reversals, and permitted adjustments. Unrealised profit is excluded unless the Product Schedule expressly allows it. A negative prior balance or carry-forward is treated as stated in the Schedule.
3. Reward Share
your percentage is the reward share captured in the funded Product Schedule. Any scaling tier or higher share takes effect only after the stated threshold and approval. Marketing descriptions do not change the captured percentage.
4. Request Window
The Product Schedule states the first eligible request date, later cycle, minimum eligible profit, minimum request, maximum request if any, and whether positions must be closed. A request submitted early, below threshold, or while the account is in review is deferred or rejected without forfeiting otherwise eligible profit.
5. Review
We verify the calculation, account status, hard limits, prohibited practices, identity, payout ownership, sanctions status, tax information, payment reversals, and technical anomalies. Routine reviews should be completed promptly. A complex review may take longer; we will provide a status update and request only proportionate information.
6. Payment
Approved rewards are sent using an available method in the verified trader's name. You must confirm accurate details. Payment is complete when released to the provider. Intermediary, network, conversion, receiving-bank, and blockchain fees may be deducted or charged separately where disclosed. We are not responsible for loss caused by an address or account detail supplied incorrectly by you.
7. Balance Adjustment
After approval, we may reduce the simulated balance or profit ledger by the gross reward amount and establish a new reward baseline. The adjustment does not change the Product Schedule's loss limits unless the Schedule explains the post-reward method.
8. Holds Deductions and Denials
We may hold a request during a documented investigation; offset a confirmed overpayment, duplicate payment, refund, chargeback, tax withholding, or provider fee; and deny the affected amount where a material breach directly tainted eligibility. Unrelated compliant profit should not be denied merely because another account is under review, unless identity, fraud, sanctions, or coordinated conduct connects them.
9. Tax and Reporting
You are responsible for taxes and declarations. We may collect a tax identification number, issue a payment statement, withhold where required, or report to a competent authority. A reward may be held until legally required tax documentation is complete.
10. Appeal and Correction
You may appeal a denial or calculation within fourteen calendar days of notice. We will correct an arithmetic, provider, or data error established by evidence, including after payment if necessary. Fraudulent overpayments remain recoverable.