Terms & Conditions

Funded by traders offers as a B-Book proprietary trading firm. Offering clients the chance through an evaluation phase(s) to gain access to demo capital to trade in the live markets. From these accounts, real profit can be made. We offer an 85% profit split as standard. Payouts will be paid in either crypto or bank wire.

This website, Funded By Traders (also referred to as “The Company”), offers this website, including all information, tools and services available from this site to you, the user, conditional to your acceptance of all terms, conditions, policies and notices stated here.

By using our site and/or purchasing something from us, you engage in our “Service” and agree to be bound by the following terms and conditions (“Terms of Service”, “Terms”), including those additional terms and conditions and policies referenced herein and/or available by hyperlink. These Terms of Service apply to all users of the site, including without limitation users who are browsers, vendors, customers, merchants, and/or contributors of content.

Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, you agree to be bound by these Terms of Service. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use any services. If these Terms of Service are considered an offer, acceptance is expressly limited to these Terms of Service.

The Services are only intended for persons over the age of 18 residing in the country for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.

Any new features or tools which are added to the current store (under provided accounts section) shall also be subject to the Terms of Service. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page periodically for changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.

NONE OF THE SERVICES PROVIDED TO YOU BY THE PROVIDER CAN BE CONSIDERED INVESTMENT AND PAYMENT SERVICES IN ACCORDANCE WITH APPLICABLE LAWS. THE PROVIDER DOES NOT GIVE OR PROVIDE TO YOU ANY GUIDANCE, INSTRUCTIONS, OR INFORMATION ABOUT HOW OR IN WHICH MANNER YOU SHOULD PERFORM TRANSACTIONS WHEN USING THE SERVICES OR OTHERWISE, OR ANY OTHER SIMILAR INFORMATION ABOUT THE INVESTMENT TOOLS TRADED, NOR DOES THE PROVIDER ACCEPT ANY SUCH GUIDANCE, INSTRUCTIONS, OR INFORMATION FROM YOU. NONE OF THE SERVICES CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATIONS. NO EMPLOYEES, STAFF, OR REPRESENTATIVES OF THE PROVIDER ARE AUTHORISED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. SHOULD ANY INFORMATION OR STATEMENT OF ANY EMPLOYEE, STAFF, OR REPRESENTATIVES OF THE PROVIDER BE INTERPRETED AS INVESTMENT ADVICE OR RECOMMENDATIONS, THE PROVIDER EXPLICITLY DISCLAIMS THAT THE SAME IS INVESTMENT ADVICE OR RECOMMENDATIONS AND SHALL NOT BE RESPONSIBLE FOR THEM.

We may grant access to third parties to our website in order to troubleshoot and/or maintain website, database or infrastructure related issues. These access are monitored and removed after scope of work is performed.

ALL PAYMENTS ARE FINAL AND FOR EVALUATION PURPOSES ONLY.

The registration fees are paid for allowing you to access the Funded By Traders platform, models and services. The Customer is not entitled to a refund of the registration fees as the service is directly delivered after purchase. No refund applies to the service that Funded By Traders offers.

1.Online Registration Terms

By agreeing to these Terms of Service, you represent that you are at least the age of majority in your state or province of residence, or that you are the age of majority in your state or province of residence and you have given us your consent to allow any of your minor dependents to use this site.

You may not use our services for any illegal or unauthorised purpose nor may you, in the use of the Service, violate any laws in your jurisdiction (including but not limited to copyright laws).

A breach or violation of any of the Terms will result in an immediate termination of your Services.

2.General Conditions

We reserve the right to refuse service to anyone for any reason at any time. You understand that your content (not including credit card information), 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.

You agree 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, without express written permission by us.

The headings used in this agreement are included for convenience only and will not limit or otherwise affect these Terms.

3.Accuracy, Completeness, and Timeliness of Information

We make every effort to ensure that the information we provide is accurate, however the information is also supplied by third parties and we are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material on this site is at your own risk.

This site may contain certain historical information. Historical information, necessarily, is not current and is provided for your reference only. We reserve the right to modify the contents of this site at any time, but we have no obligation to update any information on our site. You agree that it is your responsibility to monitor changes to our site.

4.Modifications to the Service and Prices

Prices for our products are subject to change without notice.

We reserve the right at any time to modify or discontinue the Service (accounts provided) (or any part or content thereof) without notice at any time.

We shall not be liable to you or to any third-party for any modification, price change, suspension or discontinuance of the Service (The company has the right to seize operations at any given time).

5.Products or Services (if applicable)

One registration per person is permitted. 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 products or services that we offer. All descriptions of products or product pricing are subject to change at anytime without notice, at the sole discretion of us. 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.

6.Accuracy of Billing and Account Information

We reserve the right to refuse any order you place with us. We may, in our sole discretion, limit or cancel quantities purchased per person, per household or per order. These restrictions may include orders placed by or under the same customer account, the same credit card, and/or orders that use the same billing and/or shipping address. In the event that we make a change to or cancel an order, we may attempt to notify you by contacting the e-mail and/or billing address/phone number provided at the time the order was made. We reserve the right to limit or prohibit orders that, in our sole judgment, appear to be placed by dealers, resellers or distributors.

You agree to provide current, complete and accurate purchase and account information for all purchases made at our store. You agree to promptly update your account and other information, including your email address and credit card numbers and expiration dates, so that we can complete your transactions and contact you as needed.

7. Funded By Traders Evaluation Stage and Funded Stage

(a) During the Evaluation Stage and Funded Stage, you must not exceed the maximum loss limit, which is based on a percentage of the initial account size. Ensure that the maximum loss does not exceed this limit at any moment.

(b) During the Evaluation Stage and Funded Stage, you must not exceed the maximum daily limit, which is based on a percentage of the starting equity or balance of the day. For this rule, the higher value between equity and balance will be used. You must ensure that the maximum daily loss does not exceed the daily loss limit on any given day. This daily maximum loss will be determined based on the equity or balance at 00:00 CEST/server time and will remain in effect until the next 00:00 CEST/server time.

The limits for the Evaluation and Funded stages are as follows:

• 1-Step Model: 4% maximum daily loss limit.
• 2-Step Model: 5% maximum daily loss limit.
• 2-Step Funded+ Model: 8% maximum trailing daily loss limit.

(d) The Customer must not perform simulated FOREX Trading that violates:

• (i) the operation of the real financial market,
• (ii) the current General Terms and Conditions of FundingPip.

(e) If the Customer fails to comply with the conditions specified in sections 7.a, 7.b, 7.c, and 7.d during the Evaluation Stage, the Evaluation will be marked as “not passed.” In such cases, the Customer’s account and Services will be terminated and cancelled without any refund of fees paid.

(f) If the Customer does not adhere to the conditions outlined in sections 7.a, 7.b, and 7.d during the Funded Stage, the Funded account will be marked as “not passed.” In such cases, the Customer’s account and Services will be terminated and cancelled without any refund of fees paid.

8. Rules of Demo/Simulation Trading

(a) The account cannot be inactive for more than 30 calendar days. Inactivity is defined as no trades being executed on the account.

(b) Profit from trades closed within 2 minutes after opening will not be counted on the Funded account. If such trades result in a breach of the daily loss limit or maximum loss limit, the Customer is responsible for the violation.

(c) Profit from trades opened or closed 5 minutes before and after a high-impact news event on the affected currency will not be counted on the Funded account. This restriction applies to all forms of trade execution, including manual, pending, stop loss, and take profit orders. The prohibited window extends 5 minutes before the news event until 5 minutes after its conclusion. Our system may automatically close trades opened within this 10-minute window. Forex Factory is used as the news calendar source. If such trades result in a breach of the daily loss limit or maximum loss limit, the Customer is responsible for the violation.

Forbidden Trading Practices and Toxic Trading Behaviour

The following trading practices and toxic trading behaviours are prohibited during simulated trading:

• (i) Any trading activity that includes gap trading, high-frequency trading, toxic trading flow, server spamming, latency arbitrage, hedging, long-short arbitrage, reverse arbitrage, tick scalping, server execution, and opposite account trading. Copy trading from a different IP address or account management by a third-party vendor, including the use of a third-party Expert Advisor, will result in account termination. Traders must trade responsibly and apply market-standard risk management rules. This includes avoiding practices such as:
  • Opening substantially larger or smaller position sizes compared to other trades.
  • Opening an unusually large or small number of positions compared to other trades.
  • Purposely trading news events.
• (ii) Excessive Risk-Taking (Over-Leveraging): Engaging in trades with disproportionately high levels of risk relative to the trader’s capital or risk tolerance, often involving excessive leverage, overexposure, or full margin.
• (iii) Gambling Behaviour: Trading driven by emotions rather than rational analysis, similar to gambling. Traders may pursue losses, make impulsive trades, or display addictive tendencies. The largest loss should not exceed 3% of the account size. Splitting up a trade into multiple positions will be counted as one single trade.
• (iv) Overtrading: Continuously entering and exiting trades without a clear strategy or rationale, leading to diminished profitability and emotional exhaustion.
• (v) High-Frequency Trading (HFT): Engaging in excessive and rapid trading activities indicative of higher volatility, which may result in significant losses. Profit from trades closed within 2 minutes after opening will not be counted on Funded accounts. If such trades breach the daily loss limit or maximum loss limit, the trader is responsible for the violation.
• (vi) Arbitrage: All forms of arbitrage are considered toxic. Common strategies include:
  • Hedge Arbitrage: Simultaneously entering opposing positions with different firms.
  • Latency Arbitrage: Exploiting disparities in trade execution times across various platforms or venues.
• (vii) Poor Money Management: Frequent margin calls due to inadequate funds or risky positions may indicate poor risk management, threatening account stability and potentially the firm’s stability.
• (viii) Behavioural Patterns: Inconsistent trading behaviours, such as trading during non-liquid market hours to exploit liquidity shortages, disregarding risk management principles, or making emotional decisions.
• (ix) Reverse Trading: Risking the full daily loss on one trade, which often indicates reverse trading between different firms.
• (x) Copy trading from a different IP address or account management by a third-party trader, including the use of an Expert Advisor or third-party Expert Advisor, is prohibited.

(f) We may conduct casual risk assessment interviews to ensure no prohibited or suspicious activities are occurring on the account, including identity theft or fraud. This policy allows us to perform periodic risk and compliance assessments of customer accounts to evaluate risk profiles, trading strategies, and behaviours. Assessments can occur monthly, weekly, or daily. During these assessments, we may withhold remuneration until the risk assessment is satisfactorily completed. Users are required to participate in mandatory risk assessment interviews and provide answers to common questions about their trading strategies and behaviours. Failure to comply may result in the withholding of remuneration and termination of services.

(g) If you are suspected of engaging in any forbidden trading practices or toxic trading behaviour mentioned in section 8.e, the Company may consider it a violation of the account. The Company may terminate the contract, stop providing services, deduct trades, implement new restrictions, or decrease leverage on any Customer’s account. The Company reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Forbidden Trading Practices and Toxic Trading Behaviours.

(h) If the Customer engages in any practices described in section 8.e, the Company may prevent the Customer from accessing all Services, including the Dashboard and Trading Platforms, without compensation or remuneration. In such cases, the Customer is not entitled to a refund of the fees paid.

9. Optional Tools

We may provide you with access to third-party tools over which we neither monitor nor have any control or input. You acknowledge and agree that we provide access to such tools on an “as is” and “as available” basis, without any warranties, representations, or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools. Any use of optional tools offered through the site is entirely at your own risk and discretion. You should ensure that you are familiar with and approve of the terms under which tools are provided by the relevant third-party provider(s). We 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.

10. Third-party

(a) Third-Party Links: Certain content, products, and services available via our Service may include materials from third parties. Third-party links on this site may direct you to websites that are not affiliated with us. We are not responsible for examining or evaluating the content or accuracy and do not warrant or accept any liability or responsibility for any third-party materials or websites, or for any other materials, products, or services of third parties. We are not liable for any harm or damages related to the purchase or use of goods, services, resources, content, or any other transactions made in connection with any third-party websites. Please review carefully the third-party’s policies and practices and make sure you understand them before engaging in any transaction. Complaints, claims, concerns, or questions regarding third-party products should be directed to the third party.

(b) Third-Party Provider Compliance: Our platform integrates with various third-party providers to enhance user experience and offer comprehensive services. You must comply with the terms and conditions set forth by these third-party providers in addition to our own terms and conditions.

(c) Blocking Due to Compliance Reasons: If a third-party provider blocks or restricts you for any compliance-related reasons, including but not limited to violations of laws, regulations, or the provider’s terms of service, we reserve the right to mirror such restrictions on our platform without further explanation. This means that if you are blocked by a third-party provider, you may also be blocked from accessing our platform.

(d) Limitation of Liability for Third-Party Issues: We are not liable for any downtime, errors, bugs, or other issues caused by third-party providers. This includes any disruptions to our services resulting from problems with third-party systems. While we strive to ensure a seamless experience, issues arising from third-party integrations are beyond our control, and we cannot guarantee uninterrupted access or error-free functionality.

11. Risk Management and Compliance

Any trading activities that exploit Trading Platform inefficiencies (e.g., gap trading, high-frequency trading, toxic trading flow, server spamming, latency arbitrage, hedging, long-short arbitrage, reverse arbitrage, tick scalping, server execution, opposite account trading) are prohibited. Copy trading under different legal names or IP addresses, or account management by a third-party vendor, will result in account termination. Such activities with Funded By Traders will lead to account termination and decline of payout requests.

Furthermore, you must trade responsibly and apply market-standard risk management rules. This includes avoiding:

• Opening substantially larger or smaller position sizes compared to other trades.
• Opening a substantially different number of positions compared to other trades.
• Purposely trading news events.

The Company reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Forbidden Trading Practices.

We may conduct casual risk assessment interviews to ensure no prohibited or suspicious activities are occurring on the account, including identity theft or fraud. This policy grants us the right to conduct periodic risk and compliance assessments of customer accounts to evaluate customer risk profiles, trading strategies, and behaviours. Assessments can occur monthly, weekly, or daily. During these assessments, we may withhold remuneration until the risk assessment is satisfactorily completed. Users are required to participate in mandatory risk assessment interviews by answering questions about their trading strategies and behaviours. Failure to comply could result in us withholding remuneration and terminating services.

12. Personal Information

Your submission of personal information through the store is governed by our Privacy Policy.

13. Prohibited Uses

(a) In addition to the prohibitions set forth in the Terms of Service, you are prohibited from using the site or its content:

• For any unlawful purpose;
• To solicit others to perform or participate in any unlawful acts;
• To violate any international, federal, provincial, state regulations, rules, laws, or local ordinances;
• To infringe upon or violate our intellectual property rights or those of others;
• To harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability;
• To submit false or misleading information;
• To upload or transmit viruses or any other type of malicious code that could affect the functionality or operation of the Service, related websites, or the Internet;
• To collect or track the personal information of others;
• To spam, phish, pharm, pretext, spider, crawl, or scrape;
• For any obscene or immoral purpose;
• To interfere with or circumvent the security features of the Service or any related website, other websites, or the Internet.

(b) Traders associated with proprietary trading firms, including their owners and employees, are strictly prohibited from engaging in trading activities with Funded By Traders.

(c) Registering with multiple email addresses is prohibited.

We reserve the right to terminate your use of the Service or any related website for violating any of the prohibited uses.

14. Severability

In the event that any provision of these Terms of Service is determined to be unlawful, void, or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law. The unenforceable portion shall be deemed to be severed from these Terms of Service. Such a determination shall not affect the validity and enforceability of any other remaining provisions.

15. Termination

The obligations and liabilities of the parties incurred 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 you or us. You may terminate these Terms of Service at any time by notifying us that you no longer wish to use our Services or by ceasing to use our site.

If, in our sole judgment, you fail or we suspect that you have failed to comply with any term or provision of these Terms of Service, we may terminate this agreement at any time without notice. You will remain liable for all amounts due up to and including the date of termination and/or we may deny you access to our Services (or any part thereof).

16. Disputes

Disputing an order payment negatively impacts the company financially and damages our reputation with the Payment Gateway. According to our policy, we will ban accounts directly involved in the dispute or against the same order number. Moving forward, we will not entertain any requests to unban such accounts.

Users involved in a disputed transaction, where there has been no fault on our part, will not be eligible for further accounts with Funded By Traders, and all their active accounts will be closed. This policy is in place to protect Funded By Traders from financial adversity and ensure the long-term viability of the brand name.

17. Entire Agreement

The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision. These Terms of Service and any policies or operating rules posted by us on this site or concerning the Service constitute the entire agreement and understanding between you and us, governing your use of the Service. They supersede any prior or contemporaneous agreements, communications, and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service). Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.

18. Changes to Terms of Service

You can review the most current version of the Terms of Service at any time on this page. We reserve the right, at our sole discretion, to update, change, or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes constitutes acceptance of those changes.

19. Confidentiality of Communications

All communications between Funded By Traders (“The Company”) and you, the user of our services, are strictly confidential. This includes, but is not limited to, emails, messages through our website, phone calls, and any other form of communication.

By using our site and engaging in our Service, you agree not to disclose, share, publish, or otherwise make public any part of these communications without the prior written consent of The Company. This confidentiality agreement is essential to maintain the trust and integrity of our services. Any breach of this confidentiality provision will be considered a violation of these Terms and may result in immediate termination of your access to our services, along with any other remedies available to The Company under law.

20. Contact Information

Questions about the Terms of Service should be sent to us at info@fundedbytraders.com.

21. Applicable Law

Any legal relations established by these Terms and Conditions or related to them, as well as any related non-contractual legal relations, shall be subject to the laws of United Kingdom, where applicable. Should there be a dispute between the parties that cannot be resolved through arbitration as stated in the T&C by law or by circumstances, the dispute shall be resolved by the court of United Kingdom.

22.Review and Revision

Funded By Traders retains the right to review and revise these Terms and Conditions at any time. The Terms are subject to modification without prior notice.

23.Acknowledgment

When you engage in trading with Funded By Traders, you acknowledge that you have thoroughly read, understood, and agreed to comply with the Terms and Conditions.

24.Consequences of Non-Compliance

• Account Suspension or Closure: Your account may be suspended or closed if it is determined that you are not trading responsibly.
• Restrictions and Limitations: We reserve the right to restrict and limit your account if your trading behaviour does not comply with our policies.
• Denied Performance Fees: Performance fees may be denied to discourage toxic trading practices and unsustainable trading behaviours. Funded By Traders retains the title of ZERO PAYOUT DENIALS.

25.Company Details

• Company Name: GRANITE PEAK SOLUTIONS LTD
• Address: 128 City Road, London, United Kingdom, EC1V 2NX
• Company registration: 15901503