FundedBits Terms & Conditions
These Terms & Conditions govern your access and use of FundedBits’ services. By signing up for our platform, you agree to comply with these Terms, applicable laws, and trading rules set by our platform.
FUNDEDBITS LIMITED
Certificate No.
77077006 – 000 – 09- 24-7
UNIT 2A, 17/F GLENEALY
TOWER NO.1 GLENEALY
CENTRAL HONG KONG
Last update: 03/14/2025
- The Client has the right to perform a simulation of trading on the FOREX financial market or another financial market, via a demo account provided to the Client after the purchase of a Fundedbits challenge. The Fundedbits master account will be subject to the terms of this agreement, the Fundedbits Terms of Service and all Fundedbits programs and products offered.
- Fundedbits will not instruct the Client in the FOREX trading method. During the monitoring and trading period, the Service Provider is required to observe the following trading prudence policies:
a. The aggregate simulated maximum daily loss on the Client’s account shall not at any time during a day exceed 5% of the initial daily account balance or net equity (whichever is greater). The day ends at 5:00 p.m. New York time.
b. The simulated value of the account balance or equity shall not fall below 8% of the initial simulated account balance for both open and closed positions.
In the event of a breach of any of the rules stated in this agreement or at https://fundedbits.com/fundedbits-terms-conditions/ or at https://fundedbits.com/faqs/ , all positions in the client’s account shall be closed immediately and the account shall be closed. In such event, Fundedbits shall have the right to terminate this agreement under all the conditions mentioned. All simulated profits remaining after an account breach, for whatever reason, are no longer payable or usable by the trader.
- The Client acknowledges that the Client’s Account is a demo version created at the client’s choice in the broker’s demo environment which does not allow the client to carry out real world trades using FOREX Trading on financial markets.
- The Client shall not engage in FOREX demo trading in violation of:
a. Applicable laws, rules and regulations.
b. The operation, use and practice of actual financial markets.
c. The Fundedbits rules and conditions, as amended from time to time and which are incorporated by reference, have been made part of this agreement and are available a t https://fundedbits.com/fundedbits-terms-conditions/ or at https://fundedbits.com/faqs/. Any simulated trade made or concluded in violation of the terms above, or any terms/rules/conditions, listed on the Fundedbits website gives Fundedbits the right to terminate this agreement.
- Customer shall keep strictly confidential all information received in connection with Fundedbits, its master account terms or this agreement. Customer shall not authorize or allow any third party to access Customer’s Fundedbits account or any information relating to the Fundedbits account. Customer may not protect any copyright, trademark or patent any by-products created through the client relationship with Fundedbits . Failure to do so may result in the immediate termination of the client’s account and a ban from our platform.
- The Client shall notify Fundedbits of any interest in commercial activities or other activities pursuing benefits that may conflict with the interests of Fundedbits. Failure to do so may result in the immediate termination of the client’s account.
- The Client under takes to maintain the confidentiality of all information received in connection with this agreement or when trading FOREX in Fundedbits demo accounts.
- Fundedbits has the right to provide the Client’s personal data to third parties and foreign countries in accordance
with the Personal Data Protection Act. Fundedbits has the right to such transfer of the Client’s personal data only for the purpose and to the extent specified above, or if such obligation is required by law. - Upon Fundedbits’s request, or at any time after termination of this Agreement, Customer agrees to return all borrowed materials, resources, notes, documents containing information regarding Fundedbits including all copies. Retention of copies is strictly prohibited.
- This Agreement shall remain in effect for an indefinite period of time and shall govern all of Customer’s accounts.
- If Fundedbits or Customer at any time elects to terminate this Agreement, each party shall be deemed to be under a global
release and shall treat the reasons for termination as strictly confidential, which shall include no discussion on any public forum or social media platform. Violation of this term shall result in Customer being prohibited from accessing all Fundedbits platforms. - This Agreement has been drawn up in two copies, one of which has been taken over by Fundedbits and the other by the Client. The Agreement may be executed by manual or electronic signature in one or more counterparts, each of which shall be considered an original and all of which together shall constitute a single agreement.
- This Agreement has been drawn up in two copies, one of which has been taken over by Fundedbits and the other by the Client. The Agreement may be executed by manual or electronic signature in one or more counterparts, each of which shall be considered an original and all of which together shall constitute a single agreement.
- Customer agrees that Fundedbits may process its personal data in accordance with applicable data protection laws. Customer has/or will provide certain data and information to Fundedbits for the purposes of personal or business evaluation, resolution of any disputes, and to receive information about other products and services provided by Fundedbits. Customer further acknowledges that Fundedbits may retain personal or business data indefinitely and without consent. Fundedbits also has the right to provide personal and business data to third parties and foreign governments to the extent necessary to successfully perform the terms of this agreement. By accepting this agreement, Customer acknowledges and agrees to the transfer of any personal or business data.
- Any appendices or attachments to this agreement are important documents that are considered part of the agreement itself.
- Fundedbits is not responsible for or liable for withholding or paying taxes on behalf of Customer.
- This agreement shall not be interpreted to create any form of partnership, employment, or membership between parties.
- This agreement shall be subject to the laws of the Japan.
Risk Disclosure
All content published and distributed by Fundedbits actively, is to be treated as general information only. None of the information provided by the Fundedbits or contained here in is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund, Fundedbits does not act as or conduct services as a broker. Fundedbits does not act as or conduct services as a custodian. People who register for our programs do so at their own volition, Purchases of programs should not be considered deposits. All program fees are used for operation costs including, but not limited to, staff, technology and other business related expenses. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Past performance is not necessarily indicative of future results. Applicable law to be under the laws of the United Kingdom. Please note that all accounts we activate to our clients are demo accounts in a simulated trading environment.
Terms of Service
Overview
These Terms of Service, presented by Fundedbits Limited (referred to as the “Terms”), set out the rules and responsibilities relating to your (referred to as the “Counterparty” or “Client”) use of the simulated challenges and services provided by Fundedbits. These services are primarily accessible via the website https://fundedbits.com (referred to as the “Website”). The Client is kindly requested to read these Terms carefully. The Client is not obliged to use the Services or participate in the Fundedbits Challenges if the Client does not agree to or does not understand any part of these Terms. It is essential that the Client chooses to use the Services only if the Client understands and agrees to these Terms. By using our Services or participating in the Fundedbits Challenges we offer, the Client validates its acceptance of these Terms and its commitment to comply with them.
By using our site and/or entering a Challenge, Customer agrees to be bound by the following terms and conditions, as well as any additional terms and conditions and policies linked here in and/or accessible by hyperlink. These Terms of Service apply to all users of the site, including but not limited to browsers, vendors, consumers, merchants, and/or content creators.
Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, Customer agrees to be bound by these Terms of Service. If Customer does not agree to all the terms and conditions of this agreement, Customer may not visit the website or use any services. If these Terms of Service are considered an offer, acceptance is strictly limited to these Terms of Service. The Services are available only to those who are 18 years of age or older and reside in countries where the Services are provided. The list of countries where the Provider does not provide services is here: Bangladesh, Chile, Cuba, Indonesia, Iran, Jordan, Lebanon, Libya, Malaysia, Myanmar, North Korea, Russia, Senegal, Singapore, Somalia, Sri Lanka, Sudan, Syria, Thailand, Vietnam.
Any additional functionality or tool added to the existing site within the account area specified on the website and the customer area with dashboard will also be subject to the Terms of Service. The most current version of the Terms of Service can be viewed on this page at any time. By making updates and/or changes to our website, we reserve the right to update, change or replace any part of these Terms of Service. It is the Customer’s responsibility to periodically check this page for any changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.
Section 1 – Online Registration Terms
By signing these Terms of Service, Customer officially confirms that he or she is at least the age of majority in his or her state or province of residence. As a condition of using the Services, Customer agrees not to engage in any illegal or unauthorized activity (including, but not limited to, violations of copyright laws). Customer’s access to the Services will be immediately terminated if Customer violates any of these Terms.
Section 2 – General Conditions
Provider reserves the right to refuse service to anyone at any time for any reason. Customer acknowledges that his or her content (other than credit card information), which is not sensitive in nature, may be transferred unencrypted and involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices. Credit card information is always encrypted during transfer over networks. Without the express written consent of the Provider, Customer agrees not to reproduce, duplicate, copy, sell, resell or exploit any portion of the Service, use of the Service, or access to the Service or any contact on the website through which the Service is provided. The headings used in this agreement are included for convenience only and will not limit or otherwise affect the Terms.
Section 3 – Accuracy, Completeness and Timeliness of Information
Customer acknowledges that the services and content are provided “as is” with all faults, defects or potential deficiencies and that use of such services and content is solely at Customer’s risk. While Provider endeavors to ensure that all information is accurate and up to date, it acknowledges that technology may have inherent limitations. Accordingly, Customer accepts these potential limitations and agrees to use the services with this understanding. To the maximum extent permitted by applicable law, Provider disclaims all warranties, whether statutory, express, implied or otherwise, including, but not limited to, warranties of merchantability, fitness for a particular purpose, or non-infringement.
Section 4 – Modifications to the Service and Prices
Product prices are subject to change without notice. Provider reserves the right to modify or discontinue the Service (including any account offered or any part or content thereof) at any time without notice. Provider shall not be liable to Customer or to any third-party for any modification, price change, suspension or discontinuance of the Service.
Section 5 – Products or Services
Provider reserves the right, but not the obligation, to limit sales of products or services to any person, geographic region or jurisdiction. This discretion may be exercised on a case-by-case basis. Additionally, Provider reserves the right to limit quantities of products or services offered. All product descriptions or product pricing are subject to change at any time without notice, at the sole discretion of Provider. The Supplier also reserves the right to discontinue any product at any time. Any offer for any product or service made on this site is void where prohibited.
The Supplier does not warrant that the quality of any products, services, information, or other material purchased or obtained by Customer will meet Customer’s expectations, or that any errors in the Service will be corrected.
Section 6 – Account Information and Billing Accuracy Provider reserves the right to refuse any order you place with them. In Provider’s sole discretion, there may be limits or cancellations on the quantity of items purchased per individual, per household or per order. These restrictions may apply to orders placed by or under the same customer account, the same credit card, and/or to orders that use the same billing and/or shipping address. In the event that an order needs to be changed or canceled, Provider will attempt to notify Customer by contacting the email and/or billing address/phone number provided at the time the order was made. Provider also reserves the right to limit or prohibit orders that, in its sole judgment, appear to be placed by dealers, resellers or distributors.
Customer agrees to provide current, complete and accurate purchase and account information for all purchases made on the Provider site. You further agree to promptly update your account and other information, including your email address and credit card numbers and expiration dates, so that Provider can complete your transactions and contact you as needed.
Section 7 – Additional Resources Provider may provide you with access to third-party tools over which Provider neither monitors nor has any control nor input. You acknowledge and agree that Provider provides access to such tools ”as is” and “as available” without any warranties, representations or conditions of any kind and without any endorsement. Provider shall have no liability whatsoever arising from or relating to your use of optional third-party tools.
Any use by you of optional tools offered through the site is entirely at your own risk and discretion, and you should be familiar with and approve of the terms on which tools are provided by the respective third-party provider(s). Provider may also, in the future, offer new services and/or features through the website (including, the release of new tools and resources). Such new features and/or services shall also be subject to these Terms of Service.
Section 8 – External Links Certain content, products and services available via the Provider Service may contain materials from third parties. Third-party links on the Provider site may direct Customer to third-party websites that are not affiliated with Provider. Provider is not responsible for examining or evaluating the content or accuracy and does not warrant and will not have any liability or responsibility for any third-party materials or websites, or for any other materials, products, or services of third-parties.
Provider is not liable for any damages or injuries related to the purchase or use of goods, services, resources, content, or other transactions made in connection with any third-party websites. Customer should carefully review the third-party’s policies and practices and make sure you understand them before you engage in any transaction. Complaints, claims, concerns, or questions regarding third-party products should be directed to the third-party.
Section 9 – Comments, Feedback and Other User Submissions
Customer agrees that Provider may, at any time, without restriction, copy, publish, distribute, translate and otherwise use in any medium any comments that Customer sends to Provider, whether online, by email, by postal mail or otherwise.
Provider may, but has no obligation to, monitor, edit or remove content that Provider determines in its sole discretion are unlawful, offensive, threatening, libelous, defamatory, pornographic, obscene or otherwise objectionable or violates any party’s intellectual property or these Terms of Service.
Customer represents and warrants that its comments will not violate any right of any third-party, including copyright, trademark, privacy, personality or any other personal or proprietary right. Customer further represents and warrants that its comments will not contain libelous or otherwise unlawful, abusive or obscene material, nor contain any computer virus or other malware that could in any way affect the operation of the Service or any related website. Customer shall not use a false e-mail address, pretend to be someone other than himself or herself, or otherwise mislead Provider or third parties as to the origin of any comments. Customer is solely responsible for any comments he or she makes and their accuracy. Provider takes no responsibility and assumes no liability for any comments posted by Customer or any third party.
Both Customer and Provider will conduct all interactions under this agreement with the highest degree of fairness and respect. Any action that is detrimental to the reputation or legitimate interests of either party is strictly prohibited. This agreement imposes an affirmative duty to refrain from such detrimental conduct both during and after the termination of the business relationship.
Disputes shall be resolved in accordance with the terms of this agreement and applicable law. Violation of these provisions may result in immediate legal action, including a cease and desist notice and other legal remedies to protect the rights and interests of the aggrieved party.
Section 10 – Personal Information
The submission of personal information through the Website is governed by the Provider’s Privacy Policy.
Section 11 – Know Your Customer (KYC)
Fundedbits LTD will implement robust and comprehensive procedures in accordance with legal and regulatory requirements relating to Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
11.2. Know Your Customer (KYC):
The objectives of Know Your Customer (KYC) procedures are:
11.2.1. To establish a streamlined and efficient mechanism to identify and verify potential counterparties.
11.2.2. To mitigate money laundering risks by acquiring and analyzing relevant information.
11.2.3. To facilitate the detection of suspicious transactions by identifying inconsistencies with the information received.
11.3. Customer Due Diligence (CDD):
CDD is a mandatory process for initiating and maintaining engagements with counterparties. The CDD protocol mandates:
11.3.1. Collecting verifiable identifying data from counterparties to uniquely establish their identity.
11.3.2. Understanding the intended nature and purpose of the counterparty’s trading activities, including strategies to be employed and financial market knowledge to be assessed.
11.3.3. Continuously monitoring trading activities to ensure they are consistent with the counterparty’s declared trading strategy, risk profile and financial resources.
11.4. Enhanced Due Diligence (EDD):
For business relationships or transactions that present a high risk, as determined by the supplier’s risk assessment, EDD will be implemented. These enhanced measures go beyond standard CDD requirements and include:
11.4.1. Obtaining additional identity verification documents, particularly in cases where standard documentation has been shown to be insufficient or questionable.
11.4.2. Conducting a detailed interview, which may include a video call, to interact face to face with the counterparty and better assess their legitimacy.
11.4.3. Gain a deeper understanding of the counterparty’s trading methodology to ensure it is in line with our risk tolerance and ethical trading standards set by Fundedbits LTD
11.4.4. Implementing intensified and continuous monitoring of the counterparty’s trading activities, to dynamically assess adherence to agreed practices and risk parameters.
11.5. Fundedbits LTD Know Your Customer (KYC) Procedures
The Supplier will undertake KYC measures for all proposed transactions and business relationships. Under the general KYC measures, the Supplier will take the following measures to ensure a transparent KYC process:
11.5.1. Verifying the identity of the counterparty based on original or duly certified documents after the dispute steps have been successfully completed. The KYC verification process will be initiated first.
11.5.2. When starting the verification, the counterparty will be screened via two options: scanning a QR code or receiving a verification link via SMS. The counterparty will receive instructions after choosing the convenient option.
11.5.3. The counterparty will be asked to submit specific documents. The documents may include a valid photo ID, for example:
– National ID card.
– Passport.
– Driving license.
11.5.4. KYC verification will not be completed if expired documents are provided. Only the most recent and valid documents will be accepted to proceed with the verification process.
11.5.5. After collecting the necessary documents, the counterparty will be directed to the “Sign the agreement” stage. He/she must provide his/her full name and address and agree to the terms mentioned in the agreement. After these steps, the verification process will begin, which may take 48-72 hours.
11.5.6. The provider requires strict compliance with these measures. The Provider reserves the right to refuse or terminate any business engagement with a counterparty if the CDD, EDD or KYC criteria, as outlined herein, are not satisfactorily met.11.5.7. Please note that failure to pass the KYC verification process will result in the rejection of the counterparty’s Fundedbits payment request.
Section 12 – Errors, Inaccuracies and Omissions
On rare occasions, information on the site or in the Service may contain typographical errors, inaccuracies or omissions that may relate to product descriptions, pricing, promotions, offers, product shipping charges, transit times and availability. The Supplier reserves the right to correct any errors or inaccuracies, and to change or update information or cancel orders at any time without prior notice (including after the Customer has submitted his or her order). The Supplier undertakes no obligation to update, amend or clarify information in the Service or on any related website, including without limitation, pricing information, except as required by law. No specified update or refresh date should be taken to indicate that all information in the Service or on any related website has been modified or updated.
If you find any discrepancies or anomalies in the Service, including but not limited to account details, transactions or functionality of the Service, you are required to immediately report such problems to the Supplier. This timely reporting will enable the Provider to efficiently address and correct the issue, maintaining the integrity and accuracy of the Service. Customers may request assistance and report these issues to Fundedbits Support via the live chat option available on discord or website, or by sending an email to support@fundedbits.com. The Provider reserves the right to take appropriate measures to rectify any discrepancies to ensure that the Service functions properly and in line with the intended terms.
Section 13 – Restricted Uses
You are prohibited from using the Site or its Content (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the Internet. Provider reserves the right to terminate Customer’s use of the Service and any related website for any violation of these prohibitions. Export Restrictions (Terms and Conditions): Fundedbits, operating in a different capacity, does not offer its products through MasterCard, Visa, JCI, AMEX or any type of card to countries that are restricted due to sanctions imposed by the United States government, the United Nations and other jurisdictions. These restricted countries include Bangladesh, Chile, Cuba, Indonesia, Iran, Jordan, Lebanon, Libya, Malaysia, Myanmar, North Korea, Russia, Senegal, Singapore, Somalia, Sri Lanka, Sudan, Syria, Thailand, Vietnam. This policy is consistent with efforts to comply with global standards against fraud, money laundering and terrorist financing, as mandated by agencies such as the Office of Foreign Assets Control (OFAC)
and the Financial Action Task Force (FATF). Other than this list of countries, Fundedbits does not offer its products or services to customers in Bangladesh.
Section 14 – Prohibited Trading Practices
14.1. Client is prohibited from engaging in any trade that contravenes the provisions set forth in this section or in the FAQs or the rules or the Challenge Agreement. Any trade that violates these provisions is strictly prohibited. Client must abide by the rules and guidelines set forth in this section, as well as those set forth in the FAQs and the Challenge Agreement when using the Services.
14.1.1. Client must not intentionally or unintentionally use trading strategies that exploit errors in the Services, such as inaccuracies in displayed prices or delays in their updates, including but not limited to practices commonly known as Latency Trading.
14.1.2. Client is prohibited from executing trades using an external or slow data feed or engaging in gap trading.
14.1.3. Client is prohibited from engaging, alone or in collaboration with others, in any trade or combination of trades on connected accounts or accounts held within the platform, if the purpose is to manipulate trades, commonly referred to as “Group Trading”. Examples of such manipulation include taking opposing positions simultaneously.
14.1.4. The use of any software, artificial intelligence, ultra-high-speed, high-frequency trading or mass data entry that could manipulate or abuse the systems or services of the Provider, or provide an unfair advantage, is prohibited to the Client.
14.1.5. The execution of arbitrage (of any kind), including but not limited to triangular arbitrage, statistical arbitrage, latency arbitrage, market making arbitrage, space arbitrage, pairs trading arbitrage, risk arbitrage, convertible arbitrage, volatility arbitrage, dividend arbitrage, tax arbitrage, yield curve arbitrage or any other form of arbitrage that may exploit price differences between different markets or exchanges, is prohibited to the Client.
14.1.6. The Client is prohibited from employing strategies that ensure the execution of limit orders during periods of low liquidity, as such practices do not reflect actual market conditions and therefore contravene the realistic trading simulation standards maintained by the Provider.
14.1.7. The Client is prohibited from executing trades that are not consistent with typical forex or any other financial market trades. They should also avoid any activity that may cause financial or other harm to the Provider, such as over-leverage, over-exposure, one-sided betting, grid trading, tick scalping or account rollovers. Engaging in any of these activities may raise valid concerns about intentional harm to the Provider.
14.1.8. Engaging in copy trading, where trades imitate or replicate the trading activities of other traders or entities without prior authorization from the Provider, is prohibited from the Client.
14.1.9. The Client, or any third party, is prohibited from participating in or collaborating with a third party to execute transactions for the Client, whether such third party is an individual or a professional, or from allowing a third party to access or execute transactions on its Fundedbits Challenge Account.
14.1.10. Accessing any third party Fundedbits Challenge Account, executing transactions on behalf of a third party or conducting any account management or similar service where the Client undertakes to execute transactions, manage or administer a Fundedbits Account on behalf of another user, whether professionally or otherwise, is prohibited to the Client.
14.1.11. Opening positions with a size significantly larger than the Client’s other transactions, whether in this account or in another of its accounts, is prohibited.
14.1.12. It is prohibited to open positions with numbers significantly lower or higher than the Client’s other trades, whether on this account or on another of its
14.1.13. The use of a high margin or an extremely risky trading strategy is prohibited to the Client.
14.2. If the Client engages in any of the prohibited trading practices described in Clause 14.1, the Provider may:
14.2.1. Treat this as a failure to comply with the terms of the relevant Challenge provided by the Provider.
14.2.2. Remove the prohibited transactions from the Client’s trading history and/or exclude their results from the profits and/or losses generated by Demo Trading.
14.2.3. Terminate all Services provided to the Client and subsequently terminate this Agreement.
14.3. If any or all of the Prohibited Trading Practices are performed on one or more of a Client’s Fundedbits Challenge Accounts or on different Clients’ accounts, or by combining trading through Fundedbits Challenge Accounts and any Fundedbits Accounts, the Provider shall have the right to cancel all Services and terminate all relevant agreements in relation to all of the Client’s Fundedbits Challenge Accounts. The Provider may take any action set out in Section 14.2 and this Section 14.3 at its sole discretion.
14.4. If the Provider’s Trader Accounts are used or engaged in any Prohibited Trading Practices, this may also constitute a breach of the respective terms and conditions for the Provider’s third party Trader Accounts and may result in the cancellation of all such user accounts and termination of their respective agreements by the third party provider.
14.5. If the Client repeatedly engages in any of the practices described in Article 14.1 and the Provider has previously informed the Client of this, the Provider may deny the Client access to all or part of the Services, including access to the Dashboard and the Trading Platform, without compensation. In such case, the Client shall not be entitled to a refund of the fees paid.
14.6. The Provider assumes no liability for trading or other investment activities that the Client carries out outside the relationship with the Provider, for example by using data or other information from the Client Portal, the trading platform or in any other way in connection with real trading services on the financial markets, even if the Client uses the same trading platform for such trading as it uses for demo trading. This applies in particular also to all third-party services that the Client uses via the platform.
Section 15 – Limitation of Liability; Disclaimer of Warranties
Provider does not promise, represent or warrant that Customer’s use of the service will be error-free, timely, secure or uninterrupted. Provider does not warrant that the results obtained from the use of the service will be accurate or reliable. Customer acknowledges that Provider may suspend the service for indefinite periods or cancel the service at any time, with or without notice to Customer. Customer expressly agrees that its use of, or inability to use, the service is at its sole risk.
The Fundedbits Funded Demo Account does not represent a LIVE or REAL trading environment. Any Customer who reaches the Funded stage of any type of Simulated Fundedbits Challenge will have the opportunity to work on a special Fundedbits Account where, if Customer meets the essential Fundedbits characteristics, Customer will receive compensation based on a percentage of the simulated profit obtained from the initial account balance. Since the Client ALWAYS trades in a demo trading environment, no real profit will ever be made by any client and any possible payment due to the client, after reaching eligibility in a master phase, is at the discretion of Fundedbits.
The service and all products and services provided to the Client through the Provider service are provided “as is” and “as available” for the Client’s use, without any representation, warranty or condition of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title and non-infringement.
In no event shall Provider, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising from your use of any of the service or any products procured using the service, or for any other claim related in any way to your use of the service or any product, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the service or any content (or product) posted, transmitted, or otherwise made available via the service, even if advised of their possibility. Because some states or jurisdictions do not allow the exclusion or the limitation of liability for consequential or incidental damages, in such states or jurisdictions, the liability of the Supplier shall be limited to the maximum extent permitted by law.
Section 16 – Indemnity
Customer agrees to indemnify, defend and hold harmless Provider, together with its parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of Customer’s breach of these Terms of Service, the documents they incorporate by reference, or Customer’s violation of any law or the rights of a third-party.
Section 17 – Severability
If any provision of these Terms of Service is held to be unlawful, void or unenforceable, that provision will be enforceable to the fullest extent permitted by law. The unenforceable portion will be deemed severed from these Terms of Service, without affecting the validity and enforceability of any remaining provisions.
Section 18- Prohibited trading practices
The following types of trading are prohibited. Please note: if our verification team thinks that one or more trading methodologies have been used, your account may be placed under review and, if confirmed as using an illicit method, closed!
Latency Arbitrage
Hedging Orders Across Multiple Accounts
Abusing The Volatility Of News By Placing Guaranteed Limit Order Fills
Any Use Of Delayed Data Feeds For Risk-Free Profit
Copy Trading Of Another Person’s Signals/System or Copy Trading Amongst Multiple Users On Our Platform
Account Management By A 3rd Party
This may cause the account to be closed or, in the event of a one-off occurrence, the Payout mismatch at the time of the request!
SOFT/HARD breach:
In the case of a soft breach a challenge of half the initial size will be returned.
Example: if I perform a breach on a 200k challenge, a 100k challenge will be returned. Repeated breaches will result in the loss of the challenge.
Section- 19 Purchases and Refunds
19.1 Company may provide products, services, subscriptions or access to certain parts of the Fundedbits website for a monetary cost. Pricing and availability are subject to change without notice. Company may allow such purchases within its website or through a white label affiliate. It is your responsibility to carefully read and understand such terms and conditions.
19.2 By making such purchases, you agree that Fundedbits has no responsibility and will not acquire any liability for any claims related to your purchases.
19.3 Upon full purchase of a product, service, subscription or access to certain parts of the Company website, Company will make such product, service or access available to you following the approved transaction.
19.4 There are no refunds for any Services purchased from Fundedbits. If you, as a purchaser, are deemed “high risk” by our payment processors, we may require you to provide additional documentation or information to proceed with the dispute. Failure to provide the requested documentation and information within twenty-four (24) hours of such request may result in the revocation of your use of and access to the Services. Documentation and information provided does not guarantee that this status will be revoked and may still be subject to ineligibility.
19.5 We reserve the right, but are not obligated, to limit the sales of our products or Services to any person, geographic region or jurisdiction. We may exercise this right on a case-by-case basis. We reserve the right to limit the quantities of any product or service that we offer. We reserve the right to discontinue any product at any time. Any offer for any product or service made on this site is void where prohibited. We do not warrant that the quality of any products, services, information, or other material purchased or obtained by you will meet your expectations, or that any errors in the Service will be corrected.
Section 20 – Entire Agreement
The failure of Provider to exercise or enforce any right or provision of these Terms of Service will not be considered a waiver of such right or provision. Any waiver of rights under these Terms of Service will be effective only if in writing and signed by Provider. These Terms of Service, together with any policies or operating rules posted by Provider on this site or in respect to the Service, constitute the complete and exclusive understanding and agreement between Customer and Provider. This agreement governs Customer’s use of the Service, superseding all prior or contemporaneous agreements, communications and proposals, oral or written, between Customer and Provider (including, but not limited to, any prior versions of the Terms of Service). Any ambiguities or questions as to intent or interpretation shall be resolved neutrally and not automatically against the drafting party. This approach does not waive any statutory rights Customer may have under applicable consumer protection laws that are not subject to contractual waiver.
Section 21 – Governing Law
These Terms of Service, as well as any additional agreements whereby Provider provides Services to Customer, shall be governed by and construed in accordance with the legal jurisdiction of Japan.
Section 22 – Local Law
Counterparty is advised to be fully aware of and comply with all local laws and regulations regarding its participation in the Fundedbits Challenge. Customer acknowledges that it engages in the Service at its own risk and assumes all responsibility for its participation. By using the Service, Customer represents that it is over 18 years of age and acknowledges that Provider is not responsible for any actions taken by Customer that may violate local laws. Such violations are the sole responsibility of Customer.
Section 24 – Contact Information
UNIT 2A, 17/F GLENEALY
TOWER NO.1 GLENEALY
CENTRAL HONG KONG
Section 25 – Termination
Obligations and liabilities arising prior to the termination date shall survive the termination of this agreement for all purposes. These Terms of Service are effective unless and until terminated by either Customer or Provider. Customer may terminate these Terms at any time by notifying Provider that it no longer wishes to use the Services, or when Customer ceases to use the site.
Provider may terminate this agreement at any time without notice if, in its sole judgment, Customer fails to comply with any term or provision of these Terms. Upon termination, Customer will remain liable for all amounts due up to and including the date of termination, and Provider may deny Customer access to the Services.
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