BitFunded | TERMS OF USE | Crypto Prop Trading

BitFUNDED TERMS OF USE

1. INTRODUCTION.

2. MODIFICATION/CHANGES.

3. NOT INVESTMENT ADVICE OR SERVICES.

4. TRADER ELIGIBILITY AND REPRESENTATIONS.

5. OUR SERVICES.

6. ACCOUNT CREATION OR REGISTRATION.

7. BITFUNDED CRYPTO PROPRIETARY TRADING CHALLENGE (CPTC).

8. EVALUATION PROCESS IN THE CPTC.

9. CHALLENGE LEVELS AND ACCOUNT BALANCE.

10. FEES AND PAYMENT.

11. PAYMENT TERMS.

12. TRADER’S PORTAL OR DASHBOARD.

13. BitFUNDED RULES FOR DEMO TRADING.

14. BitFUNDED PROHIBITED PRACTICES.

15. INTELLECTUAL PROPERTY RIGHTS (IPRs).

16. RISK ACKNOWLEDGMENT AND DISCLAIMER.

17. EDUCATIONAL RESOURCES, TRAINING AND SUPPORT.

18. WITHDRAWALS AND PAYOUTS.

19. TERM AND TERMINATION.

20. FORCE MAJEURE.

21. AFFILIATE PARTNERSHIP PROGRAM.

22. DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY.

23. INDEMNIFICATION.

24. DISPUTE RESOLUTION.

25. MISCELLANEOUS.

26. MISCELLANEOUS

1. INTRODUCTION.

a) Thank you for choosing BitFUNDED (“BitFUNDED” or the company Tronovix LTD), a legally recognised limited Liability proprietary trading firm duly registered and operating in accordance with the rules and regulations of the Ras Al Khaimah Digital Assets Oasis (RAKDAO) Free Zone, situated in the Emirate of Ras Al Khaimah in the United Arab Emirates (UAE). The following Terms of Use (“TOU” or “Agreement”) serve as a binding agreement between BitFUNDED and you, the user (“Trader“). This TOU outlines the guidelines and conditions under which you may access and use offerings and trading challenges (collectively, the “Services”) provided through our website, http://Trader.bitfunded.com By accessing or using the Services, you acknowledge that you have read, understood, and agreed to be bound by this TOU. We encourage you to take your time and review this TOU carefully to ensure that you are fully informed about your rights and obligations with respect to using the Services.

b) Should the user find any part of this TOU unacceptable, they are advised not to access the website or utilize any of the Services. If this TOU are Considered as an offer, then the use of the Services is considered acceptance of this TOU.

2.MODIFICATION/CHANGES.

a)The Company reserves the right to suspend, replace, modify, amend, or terminate this TOU at any time and within its sole and absolute discretion. If the Company replaces, modifies, or amends this TOU, your continued use of the Services after the effective date of the said changes will constitute your acceptance to any replacement, modification, or amendment to this TOU.

3.NOT INVESTMENT ADVICE OR SERVICES.

b)The Services offered to Traders by BitFUNDED should not be regarded as investment services. BitFUNDED does not provide Traders with any advice, instructions, or information on how to conduct transactions while using the services or on any investment instruments involved, nor does BitFUNDED accept such advice, instructions, or information from Traders. The Services and any guidance provided do not constitute investment advice. Employees, staff, and representatives of BitFUNDED are not authorized to offer investment advice or recommendations. Should any communication from BitFUNDED ‘s employees, staff, or representatives be misconstrued as investment advice or recommendations, BitFUNDED clearly states that such information does not constitute investment advice or recommendations and is not liable for them.

4.TRADER ELIGIBILITY AND REPRESENTATIONS.

a)When you engage with our Services, you affirm that you are at least eighteen (18) years of age, possess sound judgment, and have the legal capacity to accept and adhere to the terms and conditions of this Agreement. If you are accessing the Services on behalf of a company or another third party, you confirm that you are duly authorized to act on behalf of that entity and have the authority to bind them to this Agreement.

b)You also declare that your use of the Services is in compliance with all applicable laws, regulations, ordinances, statutes, or treaties relevant to individuals or business entities in your jurisdiction. Additionally, you assure that there are no existing agreements that restrict or prohibit you from entering into this Agreement.

5.OUR SERVICES.

a)What we do: BitFUNDED is a proprietary trading firm that specializes in offering cryptocurrency trading challenges. It provides a unique platform for traders to showcase their skills in the dynamic world of cryptocurrency trading. Successful participants in these challenges are granted access to demo funded accounts, enabling them to trade using capital from BitFUNDED. Profits generated from these trades are shared with the traders, allowing them to earn a profit split as a reward for their successful trading strategies.

b)How to join us: To become a part of BitFUNDED, interested traders are required to select a challenge level (from the BITFUNDED CRYPTO PROPRIETARY TRADING CHALLENGE (CPTC)) that aligns with their trading experience and expertise. Each challenge level comes with an associated fee, which must be paid upon registration. Upon successful enrollment, traders gain the opportunity to engage in trading activities in accordance with the established rules and guidelines of the selected challenge level. Traders can access these challenges after passing the Verification Process, each with different features. The Free Trial allows limited use of some Services and is intended to determine the skills and competency of Traders before providing them with a funded live account. Completion of the Free Trial does not automatically grant access to other Services. BitFUNDED Trading Challenge varies based on the chosen option, including initial capital, acceptable risk level, and other parameters. Detailed information about each option and its fees can be found on our website and in this Agreement. The final fee is based on your selected option when ordering the BitFUNDED Trading Challenge. We may offer Services under individually negotiated terms, decided at our discretion. Individual discounts and benefits cannot be combined unless explicitly stated by us.

c)Trading Currencies: BitFUNDED offers its traders the flexibility to trade in a diverse range of cryptocurrencies. The platform supports trading across a wide range of cryptocurrencies, ensuring that traders have access to a broad spectrum of trading options. The specific cryptocurrencies available for trading are meticulously chosen and regularly updated to reflect the prevailing market trends, ensuring that traders have access to the most relevant and potentially lucrative trading opportunities.

d)Trading Platforms we use: Trading platform operators are separate entities from us, and their terms and privacy policies apply when using their services. You must read these terms and policies before submitting an order form. If you place numerous Service orders within a short period, we may contact you via the Trader’s Portal/Dashboard or email as a precaution against harmful or gambling behavior. Continued unreasonable behavior after notification may lead to suspension of further Service orders. If such behavior is linked to Forbidden Trading Practices, actions as outlined in this Agreement, may be taken. We reserve the right to define and set reasonable boundaries for such behavior.

6.ACCOUNT CREATTION OR REGISTRATION.

a) When signing up as a Trader, you will be required to furnish personal details such as, but not limited to, your full name, email address, postal address, contact number, date of birth, along with a unique username and password for your account. The information you provide will be governed by our privacy policy, which can be found on our website. Your account is exclusively yours and is not to be shared with anyone else. Additionally, you are prohibited from acquiring an account for someone else or having a third party purchase an account for you. You are responsible for safeguarding the secrecy of your account credentials. In the event of any suspicion of unauthorized access to your account, it is imperative to inform the Company immediately.

b) Each Trader is permitted to have only one active account per challenge level unless prior written consent is obtained from the Company. It’s crucial that all information you submit through the registration form or Client Section is accurate and up-to-current. You must promptly inform us of any changes or update your details in the Trader Portal. The accuracy and currency of the provided data are your responsibility; we are not obliged to verify this information.

7.BITFUNDED’s CRYPTO PROPRIETARY TRADING CHALLENGE (CPTC).

a)Bitfunded’s Crypto Proprietary Trading Challenge (CPTC) offers a pioneering opportunity in the cryptocurrency market. This program is designed for dedicated traders, providing a chance to earn profits using allocated funds while accessing educational resources from the Bitfunded Academy. The CPTC is a unique multi-step evaluation system, including Demo stages and a Live stage, aimed at offering additional capital skilled traders and uncovering their latent trading abilities.

b)The Successful completion of the CPTC qualifies participants to become a Bitfunded Trader, entitling them to manage a funded Demo account with up to ONE HUNDRED THOUSAND DOLLARS ($100,000). Bitfunded Academy supports this journey, offering a wealth of educational tools, courses, lectures, and coaching to guide traders towards financial independence. The CPTC is not just a challenge but a pathway to success in the dynamic world of crypto trading.

8.EVALUATION PROCESS IN THE (CPTC).

a)CPTC Challenge Phase: The Crypto Proprietary Trading Challenge (CPTC) commences with the CPTC Challenge, serving as the initial demonstration phase. In this phase, participants are required to exhibit their trading proficiency and strict adherence to our predefined Trading Objectives. This stage is crucial as it sets the foundation for participants’ progression in the CPTC program. Only those who successfully meet the criteria of trading expertise and compliance with the Trading Objectives will advance to the subsequent phase of Verification.

b)Verification Phase: Verification constitutes the concluding demonstration phase prior to attaining the status of a CPTC Trader. This phase demands participants to consistently demonstrate their trading acumen. Successful navigation through this phase, marked by consistent and proficient trading results, qualifies participants to progress to the CPTC Live Account stage. The Verification phase is pivotal in ensuring that only those with proven and consistent trading skills are promoted to trade with actual funds.

c)Becoming a CPTC Trader: Upon successful completion of the Verification phase, participants are elevated to the esteemed role of a CPTC Trader. As a CPTC Trader, individuals are entrusted with a crypto-funded CPTC Account to engage in live trading. It is imperative for CPTC Traders to trade judiciously and aim for steady profit generation. As a reward for their skill and discipline, CPTC Traders are entitled to retain up to NINETY PERCENT (90%) of the profits earned from their trading activities. This phase underscores the importance of responsible and strategic trading, reflecting the core values and objectives of the Crypto Proprietary Trading Challenge.

This Evaluation Process is designed to rigorously assess and cultivate trading expertise, ensuring that only the most skilled and disciplined traders are granted the privilege and responsibility of managing a CPTC Live Account.

9.CHALLENGE LEVELS AND ACCOUNT BALANCE.

a)With respect to the CPTC, we offer a tiered approach to suit traders of varying expertise. Our challenge levels are meticulously designed to cater to different stages of trading proficiency, each with its unique set of features and objectives including full (100%) refund if the Trader successfully completes the challenge level. Below is a detailed overview of each level:

1) Base Level:

Account Balance: $5,000

Challenge Fee: $49

Features:

2 Step Assessment Process

Unlimited Trading Period

Up to 90% Profit Split

Trade 10 Cryptos

Up To 1:20 Leverage

Objectives:

Step 1:

Max Daily Drawdown: 250 USDT

Max Drawdown: 500 USDT

Profit Target: 400 USDT

Minimum Trading Days: 5

All Positions Closed

Step 2:

Same as Step 1, with a Profit Target of 250 USDT.

2) Starter Level:

Account Balance: $10,000

Challenge Fee: $99

Features:

2 Step Assessment Process

Unlimited Trading Period

Up to 90% Profit Split

Trade 10 Cryptos

Up To 1:20 Leverage

Objectives:

Step 1:

Max Daily Drawdown: 500 USDT

Max Drawdown: 800 USDT

Profit Target: 1000 USDT

Minimum Trading Days: 5

All Positions Closed

Step 2:

Same as Step 1, with a Profit Target of 500 USDT.

3) Intermediate Level:

Account Balance: $25,000

Challenge Fee: $199

Features: Same as Starter Level.

Objectives:

Step 1:

Max Daily Drawdown: 1250USDT

Max Drawdown: 2000USDT

Profit Target: 2500USDT

Minimum Trading Days: 5

All Positions Closed

Step 2:

Same as Step 1, with a Profit Target of 1250 USDT

4)Advanced Level:

Account Balance: $50,000

Challenge Fee: $299

Features: Same as Starter Level.

Objectives:

Step 1:

Max Daily Drawdown: 2500 USDT

Max Drawdown: 4000 USDT

Profit Target: 5000 USDT

Minimum Trading Days: 5

All Positions Closed

Step 2:

Same as Step 1, with a Profit Target of 2500 USDT

5)Expert Level:

Account Balance: $100,000

Challenge Fee: $599

Features: Same as Starter Level.

Objectives:

Step 1:

Max Daily Drawdown: 5,000 USDT

Max Drawdown: 10,000 USDT

Profit Target: 8,000 USDT

Minimum Trading Days: 5

All Positions Closed

Step 2:

Same as Step 1, with a Profit Target of 5,000 USDT.

b)The above outlines the structure and requirements of the four challenge levels within the Crypto Proprietary Trading Challenge (CPTC). Each level is designed to cater to traders of varying experience and skill, with escalating account balances and corresponding objectives. The consistent features across all levels ensure a uniform trading experience, while the specific objectives set clear targets for traders to achieve at each level. The challenge fee for each level if fully refundable is the Trader successfully completes the level. The challenge fee will also be applied to subsequent challenge levels.

10.FEES AND PAYMENT.

a)Fee Structure for Trading Challenges: The fee for participating in BitFUNDED ‘s Trading Challenges varies based on the selected option. This fee is dependent on factors such as initial capital amount, acceptable risk level, and specific challenge parameters that must be met for successful completion of the Trading Challenge and subsequent Verification. Detailed information about each option and its associated fees is available in this TOU and in the Trader Portal. The final fee is determined at the time of selecting an option on the order form. BitFUNDED reserves the right to offer Services under individually negotiated conditions, which are determined at our discretion.

b)Challenge Selection and Verification: The option selected for the Trading Challenge applies to the subsequent Verification phase. The parameters and currency used in the Verification will correspond to those chosen for the Trading Challenge. Once an option is selected, it cannot be changed, except when ordering a new Trading Challenge. Upon submitting the order form for the Services and/or the selected challenge level, BitFUNDED will confirm receipt via email, and the contract shall be executed upon payment of the selected option’s fee.

c)Order Limitations: If a Trader places an excessive number of orders within a short period, BitFUNDED may issue a warning to mitigate potential harmful behavior. Continued unreasonable behavior may result in suspension of further Service orders. If such behavior is linked to Forbidden Trading Practices, appropriate actions as outlined in this TOU will be taken. BitFUNDED reserves the right to determine the nature of such behavior and set reasonable boundaries for these determinations.

d)Fee Adjustments: BitFUNDED maintains the right to unilaterally modify the fees and parameters of the Services at any time. Changes will not affect Services already purchased prior to the notification of such changes.

11.PAYMENT TERMS.

a)Methods of Payment: Traders can pay the fee for their selected Trading Challenge option using various methods, including visa cards, cryptocurrency, or any other payment methods available on the Website. The fees for BitFUNDED ‘s Trading Challenge options are denominated in USD. However, payment can also be made in other currencies not specified on the Website. Traders should be aware that if payment is made in a currency different from the one selected on the Website, the amount will be converted based on the current exchange rates at the time of payment.

b)Payment Processing and Obligations: For payments made via visa card or any other express payment method, the transaction is completed immediately. The fee is considered paid when the full amount is credited to BitFUNDED’s account. If the payment is not made in a timely manner, BitFUNDED reserves the right to cancel the order. The Trader is responsible for any fees charged by their chosen payment service provider in connection with the transaction. It is the Trader’s duty to ensure that the full fee for the selected Trading Challenge is paid, covering all associated transaction costs.

c)Inclusive Service Charges and Tax Obligations: All service charges are inclusive of applicable taxes. Traders are responsible for fulfilling all tax obligations related to the use of our Services in accordance with the prevailing laws. This includes the proper payment of any taxes or other fees, if applicable. Traders are encouraged to review these terms carefully and ensure they understand their obligations and options when making payments for BitFUNDED services.

12.TRADER’S PORTAL OR DASHBOARD.

a)Single Client Portal or Dashboard Policy: Each Trader is entitled to only one Trader’s Portal. All services available by the Trader must be consolidated and managed within this singular Trader’s Portal. The number of BitFUNDED Trading Challenges and Verifications per Trader’s Portal may be subject to limitations. These limitations are based on the cumulative initial capital amounts of the products ordered or other defined parameters. Unless explicitly authorized by BitFUNDED, Customers are prohibited from transferring or combining initial capital amounts across different products. Similarly, the transfer or amalgamation of performance metrics, service parameters, data, or any other related information between products is not permitted.

b)Security and Usage of Trader’s Portal and Trading Platform: Access to the Trader’s Portal and Trading Platform is secured by login credentials, which must not be disclosed or shared with any third parties. If a Trader registers as a legal entity, they may authorize their employees or representatives to use the Services via their Trader’s Portal. The Trader bears full responsibility for all activities conducted through their Trader’s Portal and/or Trading Platform. BitFUNDED is not liable for any misuse of the Trader’s Portal, Trading Platform, or any part of the Services, nor for any adverse consequences that arise due to such misuse attributable to the Trader.

c)Service Availability and Data Security: Traders should be aware that the Services, including access to the Trader’s Portal and Trading Platform, may not be available at all times, especially during periods of maintenance, upgrades, or for other reasons. BitFUNDED is not responsible for, nor owes any compensation for, the unavailability of these services or for any damage or loss of data or content uploaded, transferred, or saved through the Client Section or Trading Platform.

d)Deleting the Dashboard: Traders may request the deletion of their Dashboard at any time by emailing support@bitfunded.com. Such a request will be treated as a contract termination initiated by the Trader, resulting in the forfeiture of their right to use the Services, including the Dashboard and Trading Platform. BITFUNDED will promptly confirm the receipt of the deletion request via email, thereby concluding the contractual relationship. In this event, Traders are not entitled to any refund of previously paid fees or reimbursement of incurred losses or costs, if any.

e)Third-Party Platform Operators: Traders must acknowledge that trading platform operators are separate entities from BitFUNDED, and their terms, conditions, and privacy policies apply when using their services. Traders are required to review these terms before submitting an order form.

13.BitFUNDED RULES FOR DEMO TRADING.

a)Acceptable Trading Practices: During demo trading on BitFUNDED’s Trading Platform, you are permitted to conduct various transactions, provided they do not fall under the category of forbidden trading strategies or practices as detailed in this Agreement. You are expected to adhere to standard market practices and rules applicable to financial market trading, such as those pertaining to risk management. Be aware that the Trading Platform you choose may impose its own set of restrictions.

b)Data Handling Consent: You acknowledge that BitFUNDED has access to the details of your demo trades on the Trading Platform. By engaging in demo trading, you consent to BitFUNDED sharing this information with affiliated groups or entities and authorize them to manage this information as they see fit. This consent includes automatic handling of your data without the need for additional approval from you, and you will not be entitled to any compensation related to the use of this data. BitFUNDED understands that your demo trading does not constitute investment advice. You have the right to pause your demo trading at any time. BitFUNDED is not responsible for the accuracy of information displayed on the Trading Platform, nor for any interruptions, delays, or inaccuracies in the market information provided on your Dashboard.

c)Prohibited Trading Practices: During demo trading, the following practices are strictly prohibited:

i.Using external or slow data feeds for trading.

ii.Violating the terms and conditions of BitFUNDED and the Trading Platform.

iii.Exploiting service errors, such as incorrect price displays or delayed updates.

iv.Using software or methods that unfairly manipulate or abuse BitFUNDED’s systems.

v.Engaging in manipulative trades, including opposite positions across connected accounts.

vi.Trading in ways that contradict standard financial market practices or could harm BitFUNDED. BitFUNDED reserves the right to define and identify Forbidden Trading Practices.

d)Consequences of Prohibited Practices: Engagement in Forbidden Trading Practices may lead to:

i.Immediate cancellation of all Services and termination of the Agreement.

ii.Failure to meet the conditions of BitFUNDED ‘s Trading Challenge or Verification.

iii.Removal of violating transactions from your trading history and exclusion from profit/loss calculations.

e)Enforcement and Third-Party Account Breach: If Forbidden Trading Practices are detected across various accounts or combined trading scenarios, BitFUNDED may cancel all Services and terminate all related contracts at its discretion. Use of BitFUNDED Trader accounts in Forbidden Trading Practices may breach third-party terms and lead to account cancellation and termination of agreements by the third-party provider. Repeated engagement in Forbidden Practices, despite prior notification, may result in restricted access to all Services, including the Dashboard and Trading Platform, without compensation or refund of fees paid.

f)External Trading Activities: BitFUNDED is not liable for any trading or investment activities conducted outside its Services, even if such activities utilize the same Trading Platform as for demo trading.

g)Market Risks and Performance: Financial markets are subject to rapid and significant changes. Trading may not always be profitable and can incur substantial losses. Past performances in demo trading do not guarantee future success or profits.

h)The Provision and Incorporation of Guidelines: BitFUNDED shall make available the guidelines pertinent to the Services and/or challenges on its website and through electronic mail communication upon an individual’s commencement as a Trader. These guidelines, subject to modification at BitFUNDED’s exclusive discretion, are hereby fully integrated into this Agreement. BitFUNDED explicitly disclaims any representations, warranties, or guarantees, whether express or implied, regarding future employment prospects as a Trader, monetary remuneration, or any form of compensation or reward contingent upon a Trader’s performance.

14.BITFUNDED PROHIBITED PRACTICES.

a)Legal and Rights Compliance: Traders are strictly prohibited from using the Services in any manner that violates local, state, provincial, national, or international laws, statutes, ordinances, ordinances, or regulations. Additionally, the use of the Services to infringe upon third-party rights, including but not limited to intellectual property, privacy, publicity, or other personal or proprietary rights, is expressly forbidden.

b)Restrictions on Service Misuse: Traders are expressly forbidden from engaging in activities such as scraping, crawling, framing, unauthorized linking, aggregating, hacking, performing denial of service (DOS) attacks, reverse engineering, or bypassing the technological protection measures of the Services or BITFUNDED’s website.

c)Spam and Unauthorized Content: Using the Services or BitFUNDED’s website to send unsolicited commercial emails to third parties or other Traders of BitFUNDED is prohibited. While BitFUNDED is not responsible for content posted by its Traders and does not actively monitor such content, it reserves the right to remove any such content.

d)Prohibited Trading Strategies: Traders are prohibited from employing any trading strategy explicitly forbidden by BitFUNDED or its affiliated trading platforms. Prohibited Trading includes, but is not limited to:

i.Front-running trades.

ii.Using non-public or insider information.

iii.Exploiting pricing or platform errors or latency from the platforms.

iv.Trading in a manner that creates regulatory issues for the platforms.

v.Using third-party or marketed strategies to pass assessment challenges.

vi.Engaging in Equity CFDs at the end of the trading day to profit from market gaps.

vii.Arbitraging an account with another account within BitFUNDED or any third-party company.

viii.Trading in ways that harm BitFUNDED’s relationships with affiliated platforms or lead to trade cancellations.

ix.Switching strategies between assessment and funded accounts, as determined by BitFUNDED.

e)Consequences of Prohibited Trading: If BitFUNDED detects Prohibited Trading, the Trader’s participation will be terminated, which may include the forfeiture of any fees paid. Before receiving a funded account, trading activities will be reviewed to identify Prohibited Trading and If any is found, the Trader will not receive a funded account. BitFUNDED reserves the right to disallow or block any Trader from participating in its program for any reason, at BitFUNDED’s sole and absolute discretion.

15.INTELLECTUAL PROPERTY RIGHTS (IPRs).

a)Trademark Ownership and Usage Restrictions: You acknowledge that all trademarks, trade names, design marks, or logos displayed on BitFUNDED’s website are either common law or registered trademarks owned by or licensed to BitFUNDED. You are strictly prohibited from using BitFUNDED’s trademarks in a manner that could confuse, mislead, or deceive consumers, or falsely imply endorsement or origin of your products or services. Additionally, the use of BitFUNDED’s trademarks in domain names, keyword advertisements, trigger keyword advertisements, or meta tags is expressly forbidden. Trademarks not owned by BitFUNDED are the property of their respective owners.

b)IPRs and Website Use: BitFUNDED, along with its suppliers and licensors, reserves all intellectual property rights in all text, programs, products, processes, technology, content, and other materials on its website. Access to BitFUNDED’s website does not grant, nor should it be construed as granting, any license under any of BitFUNDED’s or any third party’s intellectual property rights. All rights, including copyrights, on the website are owned by or licensed to BitFUNDED or its third-party suppliers. Any use of the website or its contents, including copying or storing in whole or part, other than for personal, non-commercial use, is prohibited without BitFUNDED’s explicit permission. Modification, distribution, or reposting of anything on the website for any purpose is not allowed.

c)Trademark and Service Mark License: The names, logos, and all related products, services, and slogans of BITFUNDED are trademarks or service marks owned by or licensed to BitFUNDED. All other marks are the property of their respective owners. No trademark or service mark license is granted in connection with the materials on BitFUNDED’s website. Access to the website does not authorize the use of any name, logo, or mark in any manner.

d)Copyrights and Usage of Website Contents: All materials on BitFUNDED’s website, including images, text, illustrations, designs, icons, photographs, programs, audio clips, video clips, and other materials (collectively, “Contents”) are intended solely for personal, non-commercial use. No right, title, or interest in any downloaded materials or software is transferred to you as a result of downloading or copying. Reproduction, publication, transmission, distribution, display, modification, creation of derivative works, selling, or exploitation of the website’s contents in any way, in whole or in part, is strictly prohibited. All software used on the website is the property of BitFUNDED or its suppliers and is protected by the laws of the United Arab Emirates. The compilation of all contents on BitFUNDED’s website is the exclusive property of BitFUNDED and is also protected by UAE laws.

16.RISK ACKNOWLEDGMENT AND DISCLAIMER.

a)Investment Considerations: Prior to engaging in financial market activities, it is crucial for you to thoroughly assess your investment goals, experience level, and tolerance for risk. Most importantly, you should only invest funds that you can afford to lose without impacting your financial stability.

b)Risk Exposure in Trading: Participating in trading transactions exposes you to significant risks. These include, but are not limited to, the use of leverage, the credit standing of parties involved, limited regulatory oversight, and market volatility. Such factors can greatly influence the value of the trading products you engage in.

c)Impact of Market Movements: Due to the leveraged nature of trading, any movement in the market can have a proportionally amplified impact on your invested funds. This leverage can result in outcomes that are both advantageous and disadvantageous to your financial position.

d)Risks of Internet-Based Trading: Engaging in an Internet-based trading system carries inherent risks, including failures of hardware, software, and Internet connectivity. BitFUNDED is not liable for any communication failures or delays experienced while trading over the Internet. Although BitFUNDED implements backup systems and contingency measures to reduce the risk of system failure, the inherent risks of online trading cannot be eliminated entirely.

17.EDUCATIONAL RESOURCES, TRAINING AND SUPPORT.

a)Access To BITFUNDED ACADEMY: BitFUNDED is dedicated to fostering the growth and development of talented traders. Unlike traditional models that may not offer direct trader education, BitFUNDED opens the doors to its comprehensive academy. Upon engaging with BitFUNDED’s Challenges and/or Services, traders are granted complimentary access to the BITFUNDED ACADEMY. This platform is a repository of over 500 meticulously curated courses, lectures, and news articles, each designed to enhance your trading knowledge and skills. Our aim is not just to identify trading talent but to cultivate it with comprehensive educational resources. Beyond the courses, BitFUNDED offers tailored coaching and mentoring sessions, providing personalized guidance to refine your trading strategies and achieve your trading objectives.

b)Educational Content Disclaimer: BitFUNDED through the BITFUNDED ACADEMY furnishes a variety of educational resources, data, information, and content regarding investment strategies and trading opportunities. It is imperative to understand that such materials are disseminated solely for the purpose of providing general information and education. BitFUNDED expressly refrains from soliciting Traders to undertake any specific actions based on this content. Consequently, Traders should not interpret the provided data, information, or content as constituting professional advice in the realms of investment, finance, taxation, law, or other specialized fields. As such, you agree not to hold the Company liable for any possible claims of damages that may arise from any decision that you make based upon the use of data, information, and content on the Company website.

c)Accuracy, Completeness, and Liability Limitation: BitFUNDED does not assert the accuracy or completeness of any data, information, or content presented on its website. The onus of assessing the value and potential risks associated with the utilization of such materials rests solely with the Trader. By accessing and using this content, Traders acknowledge their sole responsibility in this regard. Traders hereby acknowledge and agree that BitFUNDED shall not be held accountable for any claims of damages that may emerge from decisions made based on the utilization of educational resources, data, information, and content available on BitFUNDED’s website. Traders assume full responsibility for the consequences of their decisions influenced by BitFUNDED’s educational materials.

d)Responsibility and Risk Awareness: While BitFUNDED provides extensive educational content, it is crucial for traders to understand that trading involves significant risks. The decision to trade should be made with a clear understanding of these risks and an assessment of your own investment objectives, experience level, and risk appetite. For those uncertain about their trading decisions, seeking advice from a financial or tax advisor is highly recommended.

18.WITHDRAWALS AND PAYOUTS.

a)Profit Split Ratio and Payout Schedule: Initial Profit Split: BitFUNDED offers an initial profit split ratio of 80:10 in favor of the traders. BitFUNDED calculates traders’ profits monthly to determine the amount eligible for the profit split. Traders have the flexibility to request an early withdrawal, provided it is made eight (8) days after their initial trade of the month. Traders are given the option to select their Profit Split Day within a ten (10) day window from the commencement of trading each month. In the absence of a selection, the default Profit Split Day will be designated as the last day of the trading month. Traders who excel and meet the criteria of BitFUNDED’s Scaling Plan will see their profit share increase to 90:10. Additionally, the balance of their BitFUNDED Virtual Account will be augmented by 25%, further incentivizing exceptional trading performance.

b)Withdrawal and Payout Methods: CPTC Traders can request payouts at their discretion, and BitFUNDED is committed to processing these requests within a fourteen (14) day timeframe. BitFUNDED prides itself on the swift processing of payouts, ensuring traders receive their earnings within 14 days timeframe. Traders also have the liberty to adjust their Virtual Profit Split Day up to three times, facilitating better alignment with their personal financial planning.

c)Withdrawal Options: Traders can withdraw their profits through various channels, including bank transfers, electronic wallets (e.g., PayPal, Skrill), or cryptocurrencies, without incurring any commissions from BitFUNDED. To accommodate transaction fees, withdrawals are subject to a minimum threshold of USD 100.

d)Reinvestment of Profits: Traders are provided with the opportunity to reinvest their profits to enhance their trading capital, fostering growth and potentially higher future earnings. Despite the reinvestment of profits, BitFUNDED’s share of the profit split will be consistently deducted on each Profit Split Day, ensuring a transparent and fair distribution of earnings.

19.TERM AND TERMINATION.

a)Duration of Agreement: This Agreement shall commence upon your procurement of any Service and/or registration for any of the challenges provided by BitFUNDED and shall persist until such time as BitFUNDED elects to terminate your access to the Services, or you elect to cease utilization of the Services.

b)Termination Rights: BitFUNDED retains the unequivocal right to terminate the Services or your access to the BitFUNDED challenge and/or website at any time, at its sole discretion, without the requirement of providing the trading any advance notice.

20.FORCE MAJEURE.

BitFUNDED shall not be held accountable for any claims, losses, damages, costs, or expenses, inclusive of legal fees, that arise directly or indirectly due to circumstances beyond BitFUNDED’s control. Such circumstances encompass, but are not limited to, civil unrest, warfare, uprisings, international interventions, actions, or inactions by governmental entities (including, but not limited to, the imposition of exchange controls, confiscations, nationalizations, currency devaluations), natural calamities, divine acts, market fluctuations, or the inability to establish communication with pertinent parties. Additionally, any interruption, delay, dysfunction, or failure of transmission, communication systems, or computer facilities, whether owned by BitFUNDED, the Trader, or any external service providers, falls under this provision.

21.DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY.

a)You, the Trader, expressly acknowledge and accept that the Services and BitFUNDED’s website are made available on an “As-Is” basis, devoid of any form of warranty, either explicit or implicit. This includes, but is not limited to, the disavowal of warranties of title, merchantability, precision, suitability for a specific purpose, security, and non-infringement. Subject to the provisions permissible under the laws of the United Arab Emirates, BitFUNDED absolves itself from any responsibility or liability for any claims, damages, judgments, charges, or fees that may arise, either directly or indirectly, from the content presented on the website, or from your engagement with, or access to, the Services or BitFUNDED’s website. This encompasses, but is not limited to, compensatory, consequential, special, incidental, punitive, and exemplary damages, including costs and legal fees, damages resulting from inaccuracies or omissions, and damages due to the unavailability or downtime of the website.

b)Your engagement with the Services and/or BitFUNDED’s website is undertaken at your own discretion and risk. It is hereby clarified that BitFUNDED’s liability, should it be established by a competent authority, shall be confined to the maximum extent permissible under UAE law, and shall not exceed the total amount you have paid for the Services, or the sum of ONE THOUSAND DOLLARS ($1,000), whichever is lower.

22.INDEMNIFICATION

a)Commitment to Indemnification: You hereby covenant to indemnify, defend, and exonerate BitFUNDED, along with its executives, shareholders, directors, employees, subsidiaries, affiliates, partners, and agents, from and against any and all liabilities, losses, damages, costs, and expenses, including reasonable legal fees, that arise directly or indirectly from your utilization of BitFUNDED’s website; any breach by you of any provision of this Agreement; your infringement upon the rights of any third party, including but not limited to intellectual property rights or other personal or proprietary rights; and your contravention of any applicable laws, statutes, ordinances, regulations, or treaties, irrespective of their jurisdictional scope.

b)Defense and Control of Litigation: Your obligation to provide defense for BitFUNDED under this indemnification clause shall not bestow upon you the right to direct or oversee BitFUNDED’s legal defense strategy. BitFUNDED retains the sole prerogative to manage its defense as it deems appropriate, including the selection of legal counsel and the decision to litigate or settle any claim for which indemnification is sought under this clause.

23.DISPUTE RESOLUTION.

a)Negotiation: In the event of any dispute or disagreement arising out of or in connection with this Agreement, the Parties shall first attempt to resolve the dispute amicably through good-faith negotiations. If the Parties are unable to reach a resolution through negotiations within thirty (30) days from the date a dispute arises, either Party may initiate conciliation by providing written notice to the other Party.

b)Mediation: Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall initially be referred to the Ras Al Khaimah Commercial Arbitration Centre (RAK Arbitration Centre) and attempted to be settled by mediation under the RAK Arbitration Rules in force on the date of the submission of the application for Mediation (“the Rules”), which Rules are deemed to be incorporated by reference into this clause. The language of the conciliation shall be the English Language.

c)Arbitration: If the Parties fail to resolve the dispute through Negotiation or Mediation any unresolved dispute, controversy, or claim arising out of or relating to this Agreement, including its breach, termination, or validity, shall be referred to and finally resolved by arbitration under the RAK Arbitration Rules (“the Rules”) in force on the date of the submission of the request for arbitration, which Rules are deemed to be incorporated by reference into this clause. Only one (1) arbitrator will be appointed in accordance with the Rules. The arbitration shall take place at RAK Arbitration Centre in the Emirates of Ras Al Khaimah, United Arab Emirates (UAE). The arbitration proceedings shall be conducted in the English language and governed by the laws of the jurisdiction specified in this Agreement. The arbitral award rendered by the arbitrator shall be final and binding upon the Parties. The Parties agree to abide by and comply with the arbitral award without delay.

24.MISCELLANEOUS.

a)Modification of the Terms. BitFUNDED may amend the content of these TOU from time to time for the purposes of:

a)adapting the TOU to any regulatory or legislative provisions in force or in the process of being adopted;

b)adapting the TOU to any decision of a judicial body, a consumer agency or body, or of any other competent authority, which affects the Platform, its content or the Courses offered therein;

c)preventing abuses or damages or for security reasons;

d)reflecting any legal changes, updates, improvements, or changes to the services, the Platform and/or to its content.

BitFUNDED will provide prior notice of any amendment to these TOU before they become applicable via a general notice on the Platform, unless BitFUNDED is legally obliged to make the amendments immediately or within a shorter term. If Traders do not accept the new conditions, they may terminate the Agreement or stop using the Services. The amendments made to these TOU shall not apply retroactively and shall not affect the purchases previously made by you on the Platform, unless such amendments must be retroactive in accordance with the applicable laws or a decision of governmental or judicial body, in which case, the amendments shall also apply retroactively to the purchases previously made. Traders will be bound by the version of the TOU which is in force at the time the purchases are made.

b)Severability: If, in any jurisdiction, any provision of these TOU or their application to any party or circumstance is restricted, prohibited or unenforceable, such provision shall, as to such jurisdiction, be ineffective without invalidating the remaining provisions of these TOU and without affecting the validity or enforceability of such provisions in any other jurisdiction or without affecting its application to other parties or circumstances. Where possible, any such provision shall apply to the fullest extent permitted by law and be interpreted and applied to a lesser extent, where necessary to be valid.

c)Assignment: Traders are expressly prohibited from assigning their rights and duties under this TOU or Agreement. The Company reserves the right to assign its rights and duties under this Agreement, including in a sale of the Company and/or its Services.

d)Waiver: No term or condition of this Agreement or breach of this Agreement will be deemed to have been waived or consented to, unless the said waiver is in writing and signed by the party to be charged.

e)Entire Agreement: This Agreement contains the entire agreement between the Company and the Traders regarding the use of the Services provided by the Company, and supersedes all prior understandings, agreements, or representations between the Company and the Traders, whether written or oral.

f)Governing Law and Jurisdiction: This Agreement or TOU shall be governed by and construed in accordance with the laws of the Emirate of Ras Al Khaimah and the applicable laws of the United Arab Emirates (UAE), without regard to conflict of laws principles. The Parties agree that any legal action, suit, or proceeding arising out of or relating to this Agreement shall be subject to the exclusive jurisdiction of the courts of Ras Al Khaimah in the UAE.

g)Survival: Any provisions of this Agreement that, by their nature, are intended to survive the termination or expiration of this Agreement shall continue to be binding upon the Parties.

25.DEFINITION OF TERMS.

“Agreement”: Refers to this Terms of Use (TOU)between BitFUNDED and the trader outlining the terms and conditions of the use of BitFUNDED Services and the Platform.
“Trader”: Refers to an individual who participates in BitFUNDED’s trading challenges and uses the Services and the platform.
“Services”: Refers to the range of offerings provided by BitFUNDED, including trading challenges, access to the Bitfunded Academy, and trading platforms.
“Bitfunded Academy”: Refers to an educational platform provided by BitFUNDED that provides traders with courses, lectures, and other learning materials related to cryptocurrency trading.
“Profit Split”: Refers to the division of profits earned from trading between BitFUNDED and the trader, according to a predetermined ratio.
“Payout Schedule”: Refers to the timeline within which traders can withdraw their share of profits.
“Withdrawal Methods”: Refers to the various channels through which traders can receive their payouts, such as bank transfers, electronic wallets, or cryptocurrencies.
“Minimum Withdrawal Amount”: Refers to the lowest amount of profit that a trader can request to withdraw from their trading account.
“Scaling Plan”: Refers to a program that allows traders to increase their profit split ratio and trading capital based on their trading performance.
“Indemnification”: Refers to the trader’s obligation to protect BitFUNDED against any losses, damages, or expenses arising from their wrongful use of the Services or violation of the TOU.
“Force Majeure”: Refers to the exemption of BitFUNDED from liability for any failure to perform its obligations due to events beyond its control, such as natural disasters or governmental actions.
“Affiliate Partnership (AP) Program”: Refers to a program that allows individuals to earn commissions by referring new traders to BitFUNDED.
“Commission Rate:” Refers to the percentage of registration fees that affiliates earn from traders they refer to BitFUNDED.
“Intellectual Property”: Refers to the legal rights to inventions, literary and artistic works, symbols, names, images, and designs used in commerce, owned, or licensed by BitFUNDED.
“Prohibited Trading Practices”: Specific trading behaviors or strategies that are not allowed on BitFUNDED’s platform, such as exploiting platform errors or engaging in manipulative trading.
“Registration Fees”: Refers to the charges that traders must pay to participate in BitFUNDED’s trading challenges.
“Demo Funded Account”: Refers to an account provided to successful traders post-challenge, allowing them to trade with BitFUNDED’s capital in a simulated environment.
“Challenge Level”: Refers to the tier or stage of a trading challenge designed to match a trader’s experience and skill level.
“Profit Split Day”: Refers to the designated day each month when profits are calculated and the trader’s share is determined for payout.
“Virtual Profit Split Day”: Refers to a flexible date chosen by the trader for the calculation of their profit share, adjustable up to three times for alignment with personal financial planning.
“Payout Rebate System”: Refers to BitFUNDED’s mechanism for processing and disbursing trader earnings.
“Eligibility Criteria”: Refers to the set of requirements that traders must meet to participate in BitFUNDED’s programs and challenges.
Enrollment Process: Refers to the steps a trader must follow to register for BitFUNDED’s services, including challenge participation.
“Commission Structure”: Refers to the framework outlining how affiliate commissions are calculated and disbursed based on referred trader registrations.
“Payout Frequency”: Refers to the regular intervals at which BitFUNDED processes and disburses payouts to traders and affiliates.
“Deceptive Practices”: Refers to any fraudulent or misleading actions by traders or affiliates aimed at manipulating trading outcomes or referral commissions.
“Spamming”: Refers to the act of sending unsolicited or irrelevant messages, particularly in large quantities, which is prohibited for affiliates in promoting BitFUNDED’s services.
“Ethical Promotion”: Refers to the requirement for affiliates to use honest and responsible methods in advertising BitFUNDED’s services, adhering to legal and moral standards.

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