CFDs Challenge
Terms & Conditions
- Overview
- 1.1 Challenge Models
- 1.2 Trading Guidelines
- 1.3 Trading Restrictions
- 2. Prohibited Trading Practices
- 2.2 Provider Rights
- 2.3 Transparency
- 3. Know Your Customer (KYC)
- 3.2 Customer Due Diligence
- 3.3 Enhanced Due Diligence
- 3.4 KYC Procedures
- 4. Refund Policy
- 5. Dispute Resolution
- 6. Entire Agreement
- 7. Governing Law
- 8. Local Law
- 9. Changes to Terms
Overview
About These Challenge Terms
These Challenge Terms apply in addition to, and form part of, the FundedVerse Terms of Service and any policies referenced therein. If there is any conflict, the following order of precedence applies:
- The Challenge Parameters displayed at checkout and/or in the dashboard for the specific Challenge
- These Challenge Terms
- The general Terms of Service
The Challenge is offered by FundedVerse Ltd, a company incorporated under the laws of Saint Lucia, with its registered office at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia (the "Provider").
For payment administration purposes only, the Provider may use FVTech LTD, a company incorporated in Cyprus ("FVTech"), which may facilitate, coordinate, and administer payments for the Services by integrating with and relying upon independent third-party payment service providers, acquirers, issuing banks, card networks, and alternative payment method providers (together, "Payment Partners"). Neither the Provider nor FVTech is responsible for decisions made by Payment Partners (including declines, holds, reversals, or limitations).
Section 1
The Challenge
1.1 Challenge Models
The FundedVerse CFDs Challenge is offered in multiple challenge models (each, a "Challenge Model"), each with its own parameters, rules, and objectives. The applicable parameters for the Challenge Model purchased by the User (including, without limitation, account size, profit target(s), loss limits, minimum trading days, leverage, eligible instruments, trading hours, add-ons, and any other conditions) are set out in the Challenge Parameters displayed at checkout and/or in the User's dashboard.
The Challenge Parameters form an integral part of these Challenge Terms and are incorporated by reference.
1.2 Trading Guidelines
The User must comply at all times with these Challenge Terms, the Challenge Parameters, the Platform rules, and any instructions communicated by the Provider via the dashboard or email (together, the "Trading Guidelines"). Failure to comply may result in the failure of the Challenge, disqualification, suspension, or termination of the User's Account and/or access to the Services.
1.2.1 — Daily Loss Limits
The Customer must not exceed the specified daily loss percentage of the initial account size, inclusive of charges and swaps:
| Model | Daily Loss Limit |
|---|---|
| Evaluation Model | 5% |
| Express Model | 5% |
| Stellar 1-Step | 3% |
| Stellar 2-Step | 5% |
| Stellar Lite | 4% |
Evaluation Model
5%
Express Model
5%
Stellar 1-Step
3%
Stellar 2-Step
5%
Stellar Lite
4%
1.2.2 — Overall Loss Limits
The Customer must not exceed the specified total loss percentage of the initial account size over the duration of the challenge, inclusive of charges and swaps. Breaching this limit at any point will result in account termination.
| Model | Overall Loss Limit |
|---|---|
| Evaluation Model | 10% |
| Express Model | 10% |
| Stellar 1-Step | 6% |
| Stellar 2-Step | 10% |
| Stellar Lite | 8% |
Evaluation Model
10%
Express Model
10%
Stellar 1-Step
6%
Stellar 2-Step
10%
Stellar Lite
8%
1.2.3 — Minimum Trading Days
The Customer must trade for a minimum number of days depending on the model:
| Model | Minimum Trading Days |
|---|---|
| Evaluation Model | 5 days |
| Express Model | 10 days |
| Stellar 1-Step | 2 days |
| Stellar 2-Step | 5 days |
| Stellar Lite | 5 days |
Evaluation Model
5 days
Express Model
10 days
Stellar 1-Step
2 days
Stellar 2-Step
5 days
Stellar Lite
5 days
1.2.4 — Profit Target
The Customer must achieve a minimum profit growth, as specified for each model, to successfully pass the challenge phase. Meeting both the profit target and the minimum trading days requirement constitutes successful completion.
| Model | Phase 1 Target | Phase 2 Target |
|---|---|---|
| Evaluation Model | Phase 1: 10% | Phase 2: 5% |
| Express Model | 25% | N/A |
| Stellar 1-Step | 10% | N/A |
| Stellar 2-Step | Phase 1: 8% | Phase 2: 5% |
| Stellar Lite | Phase 1: 8% | Phase 2: 4% |
Evaluation Model
Phase 1
Phase 1: 10%
Phase 2
Phase 2: 5%
Express Model
Phase 1
25%
Stellar 1-Step
Phase 1
10%
Stellar 2-Step
Phase 1
Phase 1: 8%
Phase 2
Phase 2: 5%
Stellar Lite
Phase 1
Phase 1: 8%
Phase 2
Phase 2: 4%
1.2.5 — Express Model
The "Non-Consistency" designation exempts the Provider from consistency rules, while the "Consistency" designation mandates adherence to the consistency rule detailed in the FAQ.
1.2.6 — Technical Flaw Exploitation
Using system flaws for advantage is prohibited and may lead to immediate suspension.
1.2.7 — Hedging
While multiple hedged positions are permissible within a single FundedVerse Account, cross-account hedging within FundedVerse or with other firms is not allowed.
1.2.8 — Costs
All costs related to service provision by the Provider are the Provider's responsibility.
1.2.9 — Applicable Rules
The terms outlined in the FAQ/Rules govern FundedVerse Challenge accounts.
1.2.10 — Modification by Add-ons and Special Offers
Add-ons and Special Offers selected during the FundedVerse Challenge may modify the trading guidelines in this section. These modifications take precedence over the standard guidelines for their applicable duration.
1.3 Trading Restrictions Upon Loss Limit Breach
Upon reaching or exceeding the applicable Maximum Loss Limit (MLL) or Daily Loss Limit (DLL), FundedVerse reserves the right to automatically restrict trading activity on the affected account. Such restrictions may include, but are not limited to, placing the account in read-only mode, disabling the ability to open, modify, or close positions, or revoking platform access entirely.
These restrictions are implemented as part of FundedVerse's automated risk management and platform integrity controls and may occur immediately upon detection of a loss limit breach, without prior notice.
FundedVerse retains the discretion to review cases where technical issues are alleged and, where appropriate, to make corrective adjustments in the interest of fairness and transparency.
Section 2
Prohibited Trading Practices
The Customer is prohibited from conducting trades that contravene the stipulations outlined in this section or the FAQ. The Customer must adhere to the rules and guidelines set forth in this section, as well as those established by the FAQ when utilizing the Services.
- 2.1.1 The Customer must not use trading strategies that exploit errors in the Services, such as inaccuracies in displayed prices or delays in their updates, including practices commonly known as Latency Trading.
- 2.1.2 Executing trades using an external or slow data feed or performing gap trading is prohibited.
- 2.1.3 Engaging, alone or in cooperation with others, in trades or combinations of trades across connected accounts, if the purpose is to manipulate trading (commonly referred to as "Group Trading"), is forbidden.
- 2.1.4 The use of any software, artificial intelligence, ultra-high speed, high-frequency trading, or mass data entry that could manipulate or abuse the Provider's systems or services, or provide an unfair advantage, is prohibited.
- 2.1.5 Performing arbitrage of any kind (including triangular, statistical, latency, market-making, spatial, pairs trading, risk, convertible, volatility, dividend, tax, or yield curve arbitrage) that exploits pricing differences between markets is prohibited.
- 2.1.6 Employing strategies that guarantee execution of limit orders during periods of low liquidity is prohibited, as such practices do not reflect actual market conditions.
- 2.1.7 Performing trades inconsistent with typical forex or financial market operations is prohibited. Activities such as over-leveraging, over-exposure, one-sided bets, grid trading, tick scalping, or account rolling are not permitted.
- 2.1.8 Engaging in copy trading, where trades mimic or replicate the activities of other traders without prior authorization from the Provider, is prohibited.
- 2.1.9 The Customer or any third party is prohibited from participating in or collaborating to have a third party execute trades for the Customer, or permitting access to or trading on their FundedVerse Challenge Account by any third party.
- 2.1.10 Accessing any third-party FundedVerse Challenge Account, trading on behalf of any third party, or conducting account management services on behalf of another user is prohibited.
- 2.1.11 Opening positions with sizes noticeably larger than those of the Customer's other trades on this or another account is prohibited.
- 2.1.12 Opening positions with numbers noticeably smaller or larger than those of the Customer's other trades is prohibited.
- 2.1.13 Using a high level of margin or an extremely risky trading strategy is prohibited.
- 2.1.14 If the profit deduction arising from a violation exceeds the trader's available account profit (PnL), the trader shall not be entitled to receive any Performance Reward for the relevant trading cycle.
2.2 Provider Rights to Restrict or Terminate
FundedVerse retains the exclusive right to impose trading restrictions, modify account parameters, or terminate trading accounts at its sole discretion to ensure the stability and integrity of its trading environment and platform. This right may be exercised under circumstances including, but not limited to:
- 2.2.1 If FundedVerse determines that a client's trading strategy, behavior, or specific trade(s) pose an excessive or unmanageable risk under current market conditions that could adversely affect FundedVerse or its customers.
- 2.2.2 If trading practices are found to be incompatible with standard market operations or FundedVerse's risk management policies, including use of high leverage, over-exposure, unusually large or small lot sizes, or strategies that could disrupt market equilibrium.
- 2.2.3 If there are inconsistencies in trading patterns, such as a significant deviation from the client's historical trading behavior, or if the client's behavior significantly deviates from generally accepted market practices.
- 2.2.4 If it is determined that a client's trading activities could lead to financial harm or operational disruption to FundedVerse or any third parties.
- 2.2.5 If restrictions are necessary to ensure compliance with applicable regulatory requirements, operational protocols, or internal policies designed to maintain a secure trading environment.
2.3 Transparency When Implementing Restrictions
To maintain transparency and ensure effective management of trading practices, FundedVerse will take the following actions when implementing trading restrictions or modifications:
- 2.3.1 FundedVerse will make reasonable efforts to notify the client of any trading restrictions, modifications, or account terminations, providing the reasons for such actions. However, in cases where immediate action is required to protect the integrity of the platform, FundedVerse may implement changes without prior notice.
- 2.3.2 Clients will have the opportunity to request a review of any imposed restrictions or account actions. FundedVerse will consider appeals on a case-by-case basis but reserves the right to uphold its original decision to ensure the protection of its trading environment.
- 2.3.3 FundedVerse shall not be liable for any direct, indirect, incidental, or consequential losses or damages resulting from the imposition of trading restrictions or account termination. Clients agree to hold FundedVerse harmless against any claims arising from such actions.
Section 3
Know Your Customer (KYC)
FundedVerse implements robust and comprehensive procedures in accordance with legal and regulatory requirements pertaining to Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
The objectives of the KYC procedures are to:
- Establish a streamlined and efficient mechanism for identifying and vetting prospective Counterparties
- Mitigate the risks of money laundering by acquiring and analyzing relevant information
- Facilitate the detection of suspicious transactions by identifying inconsistencies with the information received
3.2 Customer Due Diligence (CDD)
CDD is a mandatory process for initiating and maintaining engagements with Counterparties. The CDD protocol mandates:
- 3.2.1 Collecting verifiable identification data from Counterparties to unequivocally establish their identity
- 3.2.2 Understanding the intended nature and purpose of the Counterparty's trading activities, including the strategies to be employed and the financial market knowledge to be assessed
- 3.2.3 Performing ongoing monitoring of trading activities to ensure they are consistent with the Counterparty's stated trading strategy, risk profile, and financial resources
3.3 Enhanced Due Diligence (EDD)
For business relationships or transactions that present a heightened risk, as determined by the Provider's risk assessment, EDD will be implemented. These enhanced measures exceed standard CDD requirements and include:
- 3.3.1 Obtaining additional identity verification documents, particularly in cases where standard documentation has proven insufficient or questionable
- 3.3.2 Conducting a detailed verification session, which may include a video call, to personally engage with the Counterparty and better assess their legitimacy
- 3.3.3 Gaining deeper insight into the Counterparty's trading methodology to ensure it aligns with the Provider's risk tolerance and ethical trading standards
- 3.3.4 Implementing intensified and ongoing monitoring of the Counterparty's trading activities to dynamically evaluate adherence to agreed-upon practices and risk parameters
3.4 KYC Procedures
The Provider shall undertake KYC measures for all proposed transactions and business relationships. Under general KYC measures, the Provider shall take the following steps:
- 3.4.1 Verify the identity of the Counterparty based on original or properly certified documents after the challenge phases have been successfully completed. The KYC verification process shall be initiated first.
- 3.4.2 Upon starting verification, the Counterparty shall be vetted through two options: scanning a QR code or receiving a verification link via SMS.
- 3.4.3 The Counterparty shall be asked to submit government-issued documents including a valid National ID or Passport.
- 3.4.4 KYC verification shall not be completed if expired documents are provided. Only the most recent and valid documents will be accepted.
- 3.4.5 After gathering the necessary documents, the Counterparty shall be directed to the "Agreement Signing" stage and must provide a full name and address. The verification process may take 48-72 hours.
- 3.4.6 The Provider reserves the right to refuse or discontinue any business engagement with a Counterparty if the CDD, EDD, or KYC criteria are not satisfactorily met.
- 3.4.7 Failure to pass the KYC verification process shall result in the rejection of the Counterparty's FundedVerse Account application.
- 3.4.8 The Provider conducts the KYC process through trusted third-party service providers such as Veriff, Sumsub, or other equivalent providers. KYC verification is not performed directly by the Provider.
- 3.4.9 The Provider does not store or hold any KYC data on its systems. All KYC information submitted is processed and secured by the respective third-party service providers.
Section 4
Refund Policy
4.1 — Termination Request by Customer
A Customer wishing to terminate their account must send a request to the Provider. Such a request constitutes a desire to end the contractual relationship, resulting in loss of access to all Services. Under these circumstances, the Customer forfeits any right to refunds of fees or other expenditures previously paid.
4.2 — Severe Violations
In cases where the Customer engages in prohibited practices of a serious nature, the Provider reserves the right to restrict access to all Services and terminate the Customer's account immediately, without compensation. This may occur without prior warning, and no refunds will be issued for any fees paid in such instances. Any payments made for add-ons will not be refunded, regardless of eligibility.
4.3 — Activation of Services
Upon paying the fee for the FundedVerse Challenge program, the Customer will receive login data. By executing the first trade, the Customer acknowledges and agrees that the Provider completes the Services before the withdrawal period ends, waiving the right to contract withdrawal.
4.4 — Non-Activation
If the Customer does not activate the FundedVerse Challenge within 30 calendar days, access will be suspended. Renewal of access can be requested via email, subject to any applicable terms.
4.5 — Disputes and Chargebacks
In the event of any fee dispute or chargeback initiated by the Customer that is deemed unjustified or fraudulent by the Provider, the Provider reserves the right to cease services and deny future services at its discretion. Furthermore, the Provider may withhold, suspend, or offset any pending or future Performance Rewards against the value of such disputes and related fees until the matter is fully resolved.
4.6 — Refunds
Section 5
Dispute Resolution Policy
5.1 In the event that the Customer raises a dispute regarding a transaction made to FundedVerse, the trading account associated with the disputed transaction will be paused as per our FundedVerse CFDs Challenge Terms.
5.2 FundedVerse reserves the right to permanently suspend any Customer found to have raised a false dispute. A false dispute is defined as a situation where the services provided by FundedVerse were delivered without issue, yet the Customer initiated a dispute against the transaction.
5.3 If the Customer wishes to reactivate a trading account for which a dispute was raised, they must first withdraw the dispute and provide FundedVerse with official proof of the dispute withdrawal. Upon receipt of this proof, our Risk Management Team will verify the provided documents. Once verification is successfully completed, the trading account will be reactivated.
5.5 If the Customer experiences any issues related to their trading account or transactions, they are advised to reach out to the support team for assistance.
Section 6
Entire Agreement
The Provider's decision not to exercise or enforce any right or provision of these Terms shall not be deemed a waiver of such right or provision. Any waiver of rights under these Terms will be effective only if it is in writing and signed by the Provider.
These Terms, along with any policies or operating rules posted by the Provider on this site or in relation to the Service, constitute the full and exclusive understanding and agreement between the Customer and the Provider. This agreement governs the Customer's use of the Service, overriding all prior or contemporaneous agreements, communications, and proposals, whether oral or written.
Should any ambiguity or question regarding intent or interpretation arise, it shall be resolved in a neutral manner and not automatically against the drafting party. This approach does not override any statutory rights the Customer may hold under applicable consumer protection laws that are not subject to contractual waiver.
Section 7
Governing Law
Section 8
Local Law
The Customer is advised to be fully aware of and comply with all local laws and regulations pertaining to their participation in the Services.
The Customer acknowledges that they are engaging in the Service at their own risk and assumes all responsibility for their participation. By using the Services, the Customer affirms they are over the age of 18 years and acknowledges that the Provider is not responsible for any actions taken by the Customer that may violate local laws. Any such violations are the sole responsibility of the Customer.
Section 9
Changes to FundedVerse CFDs Challenge Terms
The Provider reserves the right to modify, update, or revise these Terms at any time at its sole discretion. Any such changes will be communicated to Customers through appropriate means, including but not limited to notifications on the website or via email. The Customer is responsible for reviewing the Terms regularly to stay informed of any updates.
By continuing to access or use the services after such changes have been notified, the Customer agrees to be bound by the revised Terms. It is the Customer's responsibility to review and understand the current Terms before engaging in any Challenges or using any of the Services provided.
Questions about your Challenge?
Contact the FundedVerse support team through the dashboard or via our designated support channels before initiating any disputes. We are here to resolve issues directly and promptly.
FundedVerse Ltd, Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.