Terms of Service

1. Acceptance of Terms and Eligibility

By accessing or using the Services, you represent and warrant that you have read, understood, and agree to be bound by this Agreement, and that you have the legal capacity to enter into a binding contract.

You must be at least eighteen (18) years old, or the age of legal majority in your jurisdiction if higher, to register for or use the Services. The Services are not directed to, and may not be used by, minors. If we reasonably believe you are under the required age, we may suspend or terminate your account and void any associated challenges, rewards, or payouts.

The Services are offered to customers internationally, but they are not available to everyone. You may not access or use the Services if you are located in, ordinarily resident in, a national of, or otherwise subject to the laws of any jurisdiction where the Services are restricted or would be unlawful, including any jurisdiction listed in [LIST OF RESTRICTED JURISDICTIONS] and any country, region, entity, or person subject to sanctions, embargoes, or similar restrictions administered by any relevant authority.

You represent and warrant that: (a) you are not located in, and are not a national or resident of, a restricted or sanctioned jurisdiction; (b) you are not listed on any applicable sanctions or prohibited-persons list; and (c) your use of the Services does not violate any law or regulation applicable to you. You are solely responsible for determining whether your use of the Services is lawful in your jurisdiction, and for complying with all local laws, including any tax obligations arising from rewards or payouts.

2. Account Registration and Security

To use most features of the Services, you must register for an account and provide accurate, current, and complete information. You agree to keep your account information up to date. You may hold only one account unless we expressly authorize otherwise in writing.

You are responsible for maintaining the confidentiality of your login credentials and for all activity that occurs under your account, whether or not authorized by you. You must not share, sell, transfer, or allow any third party to use your account or challenge, and you must not access the Services using another person's account.

You agree to notify us promptly at [SUPPORT EMAIL] if you suspect any unauthorized access to or use of your account or any other breach of security. We are not liable for any loss arising from unauthorized use of your account where you have failed to safeguard your credentials.

We may refuse registration, require additional verification, or close, suspend, or restrict any account at our discretion where permitted by this Agreement or required by law, including where we detect duplicate accounts, false information, or activity that violates these Terms.

3. Description of the Services and Simulated Nature

FundedIQ offers paid EVALUATION CHALLENGES. For a one-time fee, you receive access to a SIMULATED (demo) trading account governed by a defined set of trading objectives and rules, such as a profit target, a daily-loss limit, and a maximum drawdown limit. The challenge is a test of trading skill and discipline under simulated market conditions.

All trading accounts provided through the Services are SIMULATED. No real client money is deposited, held, or traded, and no orders are executed in live markets on your behalf. Prices, spreads, fills, and account balances reflect a simulated environment and may differ from any live market. Nothing in the Services constitutes a brokerage account, a securities or commodities account, custody of assets, or the handling of client funds.

If you satisfy the objectives and rules of an evaluation challenge, you may become eligible for a 'funded' SIMULATED account and, subject to the conditions in these Terms, for PERFORMANCE-BASED REWARDS calculated by reference to simulated performance (a 'profit split' or 'payout'). Eligibility for a funded simulated account or any reward is not automatic and is always subject to the rules, verification, and discretionary conditions described in this Agreement.

We may modify, add, or discontinue challenge types, rule sets, pricing, reward structures, platforms, or features at any time. Where changes materially affect an active challenge you have already purchased, we will apply the rules in effect at the time of your purchase unless a change is required by law or to address fraud, abuse, or a technical error.

4. Challenge Rules, Objectives, and Breaches

Each challenge is governed by the specific rules, objectives, and parameters published for that challenge, which form part of this Agreement. It is your responsibility to read and understand those rules before purchasing and while trading. Typical parameters include, without limitation:

A breach occurs when your simulated account violates any applicable rule, including exceeding a daily-loss limit or maximum drawdown, breaching position or risk limits, or engaging in prohibited conduct. Breaches may be determined automatically by our systems or through manual review.

Upon a breach, the affected challenge or simulated account may be failed, terminated, disabled, or reset at our discretion, and any simulated profits, progress, eligibility, or pending rewards associated with that account may be void. A breach of one account or challenge may, where connected to prohibited conduct, affect your other accounts and your eligibility for the Services generally.

We use reasonable efforts to operate the simulated environment fairly and consistently, but simulated results depend on data feeds, connectivity, and system conditions and may be affected by errors, outages, or corrections. Where a trade or result arises from a manifest error, feed malfunction, or prohibited conduct, we may correct, disregard, or reverse it and adjust account status accordingly.

• Profit target: the simulated gain required to pass a phase or challenge.
• Daily-loss limit: the maximum simulated loss permitted within a defined daily period.
• Maximum drawdown: the maximum simulated decline permitted from a starting or high-water reference balance.
• Additional conditions that may apply, such as minimum trading days, consistency requirements, and restrictions on certain instruments, strategies, or holding periods, as set out in the applicable challenge rules.

5. Fees and Payments

Access to an evaluation challenge requires payment of a one-time challenge fee at the price displayed at checkout, plus any applicable taxes. The fee is for access to the simulated evaluation product and associated Services; it is not a deposit, investment, or trading capital, and it is not held on your behalf.

We accept payment in cryptocurrency (including USDT and certain other cryptocurrencies) through our third-party payment processor Match2Pay, and we may accept card or other payment methods where available. By paying, you authorize the applicable processor to charge or receive the amount due and you agree to that processor's terms.

Cryptocurrency transactions are generally irreversible once confirmed on the relevant network. You are responsible for sending the correct amount to the correct address, for any network or processing fees, and for any loss resulting from sending funds incorrectly or to an unsupported network. We are not responsible for exchange-rate fluctuations, network delays, misdirected transfers, or errors originating with the payment processor or the underlying blockchain.

Refunds, where available, are governed solely by our Refund Policy, which is incorporated into this Agreement. Any eligible refund is subject to the conditions and time limits set out there, including any applicable [REFUND WINDOW]. Except as required by law or expressly stated in the Refund Policy, challenge fees are non-refundable.

6. Rewards and Payouts

Rewards and payouts represent performance-based amounts that may be offered by reference to simulated performance on a qualifying funded simulated account, calculated according to the profit-split terms published for that account. Rewards are a feature of a skill-based evaluation program and are NOT interest, dividends, investment returns, or the proceeds of trading real client capital.

Rewards and payouts are NOT GUARANTEED. Eligibility for, and payment of, any reward is conditional on your continuous compliance with this Agreement and the applicable rules, successful completion of identity verification and AML checks, the absence of any breach or prohibited conduct, and any additional conditions we publish. We may withhold, reduce, delay, or forfeit a reward where a condition is not met or where we reasonably suspect fraud, abuse, rule violation, or ineligibility.

We reserve reasonable discretion over the calculation, timing, method, and currency of payouts, and over the verification steps required before any payout is released. Payouts may be subject to minimum thresholds, schedules, and processing times. You are solely responsible for any taxes, duties, or charges arising from a reward, and we may withhold amounts where required by law.

Nothing in this Agreement entitles you to any minimum reward, to any specific payout, or to continued participation in the funded program. We may modify or discontinue reward structures on a prospective basis as described in these Terms.

7. Identity Verification (KYC) and Anti-Money-Laundering

To protect against fraud, money laundering, and abuse, and to confirm eligibility, we operate identity-verification ('KYC') and anti-money-laundering ('AML') procedures. As part of these procedures, we may require you to provide identity documents (including passports or other government-issued identification), proof of address, and other information, and to complete verification checks. Verification is typically required before any payout and may be requested at other times.

KYC verification is carried out with the assistance of our third-party KYC provider, [KYC PROVIDER NAME]. By using the Services and submitting verification information, you consent to the collection, processing, and sharing of that information with our provider and, where required, with relevant authorities, in accordance with our Privacy Policy and applicable law. Verification data is retained for [DATA RETENTION PERIOD] or as otherwise required by law.

You represent that all information and documents you provide are true, accurate, current, and your own. We may refuse, suspend, or terminate access, withhold rewards, or void challenges where verification cannot be completed, where information is false or inconsistent, or where we are required to do so by law or by our risk, sanctions, or AML obligations. We may report suspicious activity to competent authorities where legally required, and may be prohibited from disclosing that we have done so.

8. Prohibited Conduct and Fair Use

The Services are intended to evaluate individual trading skill under fair conditions. You agree not to engage in, attempt, or assist any conduct that undermines the integrity of the evaluation, the platform, or other users. Prohibited conduct includes, without limitation:

We may investigate suspected violations and, at our discretion, withhold or void rewards, fail or terminate challenges and accounts, refuse future access, retain fees to the extent permitted by the Refund Policy and applicable law, and take any other action reasonably necessary to protect the Services and other users. Determinations of prohibited conduct may be based on trading patterns, technical data, and our reasonable judgment.

• Operating, controlling, or benefiting from multiple accounts without our express written authorization ('multi-accounting'), or registering accounts using false, borrowed, or stolen identities.
• Collusion, account sharing, copy trading between accounts, or coordinating trades across accounts or with other persons to manipulate outcomes or hedge across the evaluation and any external environment.
• Exploiting errors, latency, price feed gaps, off-market or stale quotes, arbitrage of simulated versus real pricing, or any bug, glitch, or unintended behavior of the platform.
• Market-abuse-style behavior, including manipulative, deceptive, or gaming strategies designed to exploit the simulated environment rather than demonstrate genuine trading skill.
• Unauthorized automation, bots, scripts, high-frequency techniques, or third-party tools used to abuse, overload, reverse-engineer, or gain an unfair advantage over the Services.
• Providing false verification information, circumventing KYC/AML or geographic restrictions (including via VPN, proxy, or misrepresentation of location), or using the Services from a restricted jurisdiction.
• Any use of the Services that is unlawful, infringing, fraudulent, or that interferes with, disrupts, or attempts to gain unauthorized access to our systems, security, or other users' accounts.

9. Intellectual Property

The Services and all content, software, platforms, dashboards, interfaces, text, graphics, logos, trademarks, trade names (including 'FundedIQ'), data, analytics, and materials made available through the Services are owned by or licensed to [LEGAL ENTITY NAME] and are protected by intellectual property and other laws. All rights not expressly granted are reserved.

Subject to your compliance with this Agreement, we grant you a limited, personal, non-exclusive, non-transferable, revocable license to access and use the Services for your own individual, non-commercial evaluation use. You may not copy, modify, distribute, sell, sublicense, reverse-engineer, scrape, or create derivative works from any part of the Services, or use our trademarks or branding, without our prior written consent.

If you submit feedback, suggestions, or ideas about the Services, you grant us a perpetual, irrevocable, worldwide, royalty-free license to use them for any purpose without obligation or compensation to you.

10. Third-Party Services

The Services rely on and integrate with third parties, including our payment processor (Match2Pay) for cryptocurrency and other payments, our KYC provider ([KYC PROVIDER NAME]) for identity verification, and third-party trading platforms, data feeds, and infrastructure providers.

Your use of a third-party service may be subject to that provider's own terms and privacy practices, and you are responsible for reviewing and complying with them. We do not control and are not responsible for the acts, omissions, availability, security, accuracy, or performance of third-party services, including transaction processing, network confirmations, verification decisions, feed accuracy, or outages.

We may change, add, or remove third-party providers at any time. Any dealings you have with a third party are solely between you and that third party, and we are not liable for any loss or damage arising from those dealings, except to the extent such liability cannot be excluded under applicable law.

11. Disclaimers

NO FINANCIAL ADVICE. FundedIQ does not provide financial, investment, trading, tax, or legal advice, and nothing in the Services constitutes a recommendation, solicitation, or offer to buy or sell any financial instrument. FundedIQ is not a broker, dealer, bank, exchange, investment adviser, portfolio manager, or money-services business. You are solely responsible for your own decisions and should seek independent professional advice where appropriate.

SIMULATED AND HYPOTHETICAL PERFORMANCE. All trading through the Services is SIMULATED. Simulated or hypothetical performance results have inherent limitations: they are achieved with the benefit of hindsight, do not involve real financial risk, may not reflect the impact of real market conditions such as liquidity and slippage, and are no indication of, and no guarantee of, any actual or future results. Trading, including simulated trading, involves risk, and outcomes vary between individuals.

NO GUARANTEE OF PROFIT OR PAYOUT. We do not represent, warrant, or guarantee that you will pass any challenge, qualify for a funded simulated account, earn any reward, or receive any payout. Rewards are performance-based, discretionary, and rule- and verification-conditioned as described in these Terms.

'AS IS' BASIS AND USE AT YOUR OWN RISK. Except as expressly stated in this Agreement or required by applicable law, the Services are provided 'AS IS' and 'AS AVAILABLE', without warranties of any kind, whether express, implied, or statutory, including implied warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, uninterrupted or error-free operation, or availability. Your use of the Services is at your own risk.

12. Limitation of Liability

To the maximum extent permitted by applicable law, FundedIQ, [LEGAL ENTITY NAME], and their respective owners, directors, officers, employees, agents, and suppliers will not be liable for any indirect, incidental, special, consequential, punitive, or exemplary damages, or for any loss of profits, revenue, data, goodwill, opportunity, or anticipated savings, arising out of or in connection with the Services or this Agreement, whether based in contract, tort (including negligence), strict liability, or otherwise, even if advised of the possibility of such damages.

To the maximum extent permitted by applicable law, our total aggregate liability arising out of or relating to the Services and this Agreement will not exceed the total amount of challenge fees you actually paid to us for the specific challenge giving rise to the claim in the [LIMITATION PERIOD] immediately preceding the event giving rise to the liability.

Because all accounts are simulated and no real client capital is traded or held, you acknowledge that you cannot suffer real trading losses through the Services, and we are not liable for simulated results, missed simulated gains, or any expectation of a reward or payout that does not materialize.

Nothing in this Agreement excludes or limits any liability that cannot lawfully be excluded or limited, including liability for fraud, fraudulent misrepresentation, or death or personal injury caused by negligence. Where liability cannot be excluded but can be limited, our liability is limited to the greatest extent permitted by law.

13. Indemnification

You agree to indemnify, defend, and hold harmless FundedIQ, [LEGAL ENTITY NAME], and their respective owners, directors, officers, employees, and agents from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or related to: (a) your use or misuse of the Services; (b) your breach of this Agreement or any applicable law or third-party right; (c) any prohibited conduct or fraud; or (d) any information or documents you submit, including verification information.

We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which case you agree to cooperate with us. This indemnity survives termination of your account and this Agreement.

14. Suspension and Termination

We may suspend, restrict, disable, or terminate your access to the Services, any challenge, or any account, in whole or in part, with or without notice, where we reasonably believe that: you have breached this Agreement or a challenge rule; you have engaged in prohibited conduct or fraud; verification, sanctions, AML, or legal requirements are not met; or such action is necessary to protect the Services, other users, or us.

Upon termination for breach or prohibited conduct, any active challenges, simulated balances, progress, eligibility, and pending or unpaid rewards may be void, and fees may be retained to the extent permitted by the Refund Policy and applicable law. You may stop using the Services and request account closure at any time by contacting [SUPPORT EMAIL].

Provisions that by their nature should survive termination will survive, including those relating to fees already due, intellectual property, disclaimers, limitation of liability, indemnification, and governing law and dispute resolution.

15. Changes to These Terms and to the Services

We may update this Agreement from time to time to reflect changes in the Services, our practices, or applicable law. When we make material changes, we will update the effective date and take reasonable steps to notify you, such as posting the revised Terms on our website or contacting you through the Services.

Changes take effect when posted or on the date we specify. Your continued use of the Services after changes take effect constitutes your acceptance of the revised Terms. If you do not agree to the changes, you must stop using the Services. Where changes affect a challenge you have already purchased, we will apply the rules in effect at the time of purchase unless a change is required by law or to address fraud, abuse, or a technical error.

16. Governing Law and Dispute Resolution

This Agreement and any dispute or claim arising out of or in connection with it, its subject matter, or formation (including non-contractual disputes or claims) are governed by and construed in accordance with the laws of [GOVERNING LAW JURISDICTION], without regard to conflict-of-laws principles.

Before commencing formal proceedings, you agree to first contact us at [SUPPORT EMAIL] and attempt in good faith to resolve any dispute informally. Many issues can be resolved quickly and to your satisfaction this way.

If a dispute cannot be resolved informally, it will be finally resolved by [DISPUTE FORUM / ARBITRATION BODY] seated in [DISPUTE VENUE], and you and we submit to that forum as set out here, to the extent permitted by applicable law. Where required by mandatory law of your place of residence, nothing in this section deprives you of the protection of, or the right to bring proceedings in, your local courts.

To the extent permitted by applicable law, any dispute will be resolved on an individual basis, and you and we waive any right to bring or participate in a class, collective, or representative action. Any claim must be brought within the time period permitted by applicable law.

17. General

This Agreement constitutes the entire agreement between you and us regarding the Services and supersedes any prior agreements on that subject. If any provision is found unenforceable, the remaining provisions remain in full force, and the unenforceable provision will be modified to the minimum extent necessary to make it enforceable.

Our failure to enforce any provision is not a waiver of that provision. You may not assign or transfer this Agreement or your account without our prior written consent; we may assign this Agreement in connection with a merger, acquisition, reorganization, or sale of assets. There are no third-party beneficiaries to this Agreement except as expressly stated.

Headings are for convenience only and do not affect interpretation. In the event of a conflict between these Terms and a challenge-specific rule set, the challenge-specific rule set governs for that challenge to the extent of the conflict.

18. Contact

If you have questions about these Terms or the Services, or need to contact us for any reason described above, please reach us at:

FundedIQ, a trading name of [LEGAL ENTITY NAME]. Registered address: [REGISTERED ADDRESS]. Support email: [SUPPORT EMAIL].