Legal

CFDs Challenge
Terms & Conditions

FundedVerse Ltd Saint Lucia Effective: 17 February 2026 Simulated Trading Environment
  1. Overview
  2. 1.1 Challenge Models
  3. 1.2 Trading Guidelines
  4. 1.3 Trading Restrictions
  5. 2. Prohibited Practices
  6. 2.2 Provider Rights
  7. 2.3 Transparency
  8. 3. Know Your Customer
  9. 3.2 Customer Due Diligence
  10. 3.3 Enhanced Due Diligence
  11. 3.4 KYC Procedures
  12. 4. Payout & Rewards
  13. 5. Refund Policy
  14. 6. Dispute Resolution
  15. 7. Entire Agreement
  16. 8. Governing Law
  17. 9. Local Law
  18. 10. Changes to Terms
  19. Annex A — Prohibited Strategies
These FundedVerse CFDs Challenge Terms & Conditions govern your access to and participation in the FundedVerse proprietary trading evaluation program(s), challenges, and related simulated trading assessments made available through the FundedVerse website, dashboard, and related applications.
IMPORTANT: All Challenges operate exclusively in a fully simulated (demo) trading environment using synthetic executions and virtual capital. No real funds are traded at any stage. Results achieved in the simulation may differ materially from live market conditions due to differences in pricing, fills, slippage, spreads, liquidity, data feeds, and latency.

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 FundedVerse 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. License number: 2025-00890 (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).

By purchasing, registering for, accessing, or participating in a Challenge, you confirm that you have read, understood, and agree to be bound by these Challenge Terms. If you do not agree, you are not eligible to purchase or participate in any Challenge.

Section 1

The Challenge

1.1 Challenge Models

FundedVerse currently offers two CFDs Challenge models: the 1-Step Challenge (single evaluation phase) and the 2-Step Challenge (two evaluation phases). Each model has its own parameters, rules, and objectives. The applicable parameters for the model purchased — including account size, profit targets, 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, at the Provider's sole discretion.

1.2.1 — Daily Loss Limits

The User must not exceed the specified daily loss percentage of the account balance at any point during a trading day, inclusive of charges and swaps. The daily loss limit is calculated on a trailing basis against the account's highest equity watermark, with trailing stopping at 96% of the initial account size.

1-Step — Evaluation Phase

3% of account balance

1-Step — Live Simulated (Funded) Phase

3% of account balance

2-Step — Phase 1

5% of account balance

2-Step — Phase 2

5% of account balance

2-Step — Live Simulated (Funded) Phase

5% of account balance

1.2.2 — Maximum Drawdown (Overall Loss Limit)

The User must not exceed the specified maximum drawdown at any point during the Challenge. The maximum drawdown is calculated on a trailing basis against the account's highest equity watermark. Trailing stops once the drawdown floor reaches 96% of the initial account size — at that point the floor becomes fixed regardless of subsequent equity peaks. Breaching this limit at any point results in immediate account termination.

1-Step — Evaluation Phase

6%

1-Step — Live Simulated (Funded) Phase

6%

2-Step — Phase 1

10%

2-Step — Phase 2

10%

2-Step — Live Simulated (Funded) Phase

10%

1.2.3 — Minimum Trading Days

The User must complete a minimum number of calendar trading days per phase. A trading day is defined as any day on which at least one position is opened or closed. There is no maximum time limit on any phase — accounts are not auto-blocked due to elapsed time.

1-Step — Evaluation Phase

2 days

1-Step — Live Simulated (Funded) Phase

0 (refer to Payout Rules)

2-Step — Phase 1

2 days

2-Step — Phase 2

3 days

2-Step — Live Simulated (Funded) Phase

Refer to Payout Rules

1.2.4 — Profit Targets

The User must achieve the minimum profit growth specified for each Challenge and phase. Meeting both the profit target and the minimum trading days requirement constitutes successful completion of the relevant phase.

1-Step Challenge

Phase 1

Phase 1: 10%

2-Step Challenge

Phase 1

Phase 1: 8%

Phase 2

Phase 2: 5%

1.2.5 — Drawdown Type — Trailing

All FundedVerse Challenges use a trailing maximum drawdown model. The drawdown floor rises as the account equity increases, but stops trailing once it reaches 96% of the initial account size. From that point, the floor is fixed and will not trail further regardless of subsequent equity peaks.

1.2.6 — Technical Flaw Exploitation

The use of any system flaw, pricing error, data feed anomaly, or platform limitation for trading advantage is strictly prohibited and may lead to immediate account suspension and/or voiding of results.

1.2.7 — Hedging

Hedging positions within a single FundedVerse account is permitted within the bounds of the applicable Challenge Parameters. Cross-account hedging — whether across multiple FundedVerse accounts or with accounts held at third-party firms — is strictly prohibited. Refer to Section 2 for full detail.

1.2.8 — Costs

All operational and infrastructure costs related to service provision (including platform fees, data feed costs, and technology costs) are the Provider's responsibility. The User is responsible solely for the Challenge registration fee disclosed at checkout.

1.2.9 — Applicable Rules

All Challenge accounts are governed by these Challenge Terms together with the Challenge Parameters and Program Rules as published in the User's dashboard. In the event of any discrepancy, the precedence hierarchy in the Overview applies.

1.2.10 — Modification by Add-ons and Special Offers

Add-ons and Special Offers selected at the time of purchase may modify the Trading Guidelines in this Section. Such modifications apply only for their stated duration and take precedence over the standard guidelines during that period.

1.3 Trading Restrictions Upon Loss Limit Breach

Upon reaching or exceeding the applicable Maximum Loss Limit (MLL) or Daily Loss Limit (DLL), the Provider reserves the right to automatically restrict trading activity on the affected account. Such restrictions may include 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 the Provider's automated risk management and platform integrity controls and may occur immediately upon detection of a loss limit breach, without prior notice.

The User acknowledges that, once such restrictions are applied, they may be unable to take further trading actions, including closing open positions. The Provider shall not be held liable for any resulting losses, missed trading opportunities, or inability to modify or close trades arising from the enforcement of these automated controls.

The Provider retains the discretion to review cases where verifiable technical issues are alleged and, where appropriate, to make corrective adjustments in the interest of fairness and transparency.

Section 2

Prohibited Trading Practices

The User is prohibited from conducting trades that contravene the stipulations outlined in this Section or in the applicable Program Rules. Any trades in violation of these rules are strictly forbidden. The following is a non-exhaustive list of prohibited practices.

  • 2.1.1 — Latency Trading & Price Exploitation: The User must not use trading strategies that exploit errors in the Services, such as inaccuracies in displayed prices, delays in price updates, or practices commonly known as latency trading.
  • 2.1.2 — External or Slow Data Feed / Gap Trading: Executing trades using an external or slow data feed, or performing gap trading, is prohibited.
  • 2.1.3 — Group Trading / Coordinated Manipulation: Engaging, alone or in cooperation with others, in trades or combinations of trades across connected accounts for the purpose of manipulating trading outcomes is strictly forbidden. This includes entering simultaneous offsetting positions to exploit outcomes across accounts.
  • 2.1.4 — Automated Abuse / HFT: The use of any software, artificial intelligence, ultra-high-speed trading, high-frequency trading (HFT), 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 — Arbitrage (All Forms): Performing arbitrage of any kind is prohibited, including but not limited to triangular, statistical, latency, market-making, spatial, pairs trading, risk, convertible, volatility, dividend, tax, or yield curve arbitrage, or any other strategy exploiting pricing differences between markets or data sources.
  • 2.1.6 — Low-Liquidity Limit Order Strategies: Employing strategies that guarantee the execution of limit orders during periods of low liquidity is prohibited, as such practices do not reflect actual market conditions.
  • 2.1.7 — Practices Harmful to Platform Integrity: Performing trades inconsistent with typical financial market operations is prohibited. This includes, without limitation: over-leveraging, over-exposure, one-sided bets at extreme size, grid trading, tick scalping, and account rolling.
  • 2.1.8 — Unauthorised Copy Trading: Engaging in copy trading — where trades mimic or replicate the trading activities of other traders or entities without prior written authorisation from the Provider — is prohibited.
  • 2.1.9 — Third-Party Execution: The User and any third party are prohibited from having a third party execute trades on behalf of the User, whether privately or professionally, or from permitting access to or trading on the User's FundedVerse Challenge account by any third party.
  • 2.1.10 — Account Management Services: Accessing any third-party FundedVerse Challenge account, trading on behalf of any third party, or conducting account management services on behalf of another user — whether professionally or otherwise — is prohibited.
  • 2.1.11 & 2.1.12 — Unusual Position Sizes: Opening positions with sizes or lot numbers noticeably larger or smaller than those of the User's other trades — on this account or another — is prohibited and may be treated as evidence of coordinated or manipulative activity.
  • 2.1.13 — Extreme Margin / Risk: Using a high level of margin or an extremely risky trading strategy inconsistent with reasonable trading practice is prohibited.
  • 2.1.14 — Profit Deduction Exceeding PnL: If the profit deduction arising from a rule violation exceeds the User's available account profit (PnL), the User shall not be entitled to receive any Performance Reward for the relevant trading cycle.

2.2 Provider Rights to Restrict or Terminate

The Provider 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. This right may be exercised under circumstances including, but not limited to:

  • Where a User's trading strategy, behaviour, or specific trade(s) pose excessive or unmanageable risk under current market conditions, or could adversely affect the Provider or other Users.
  • Where trading practices are found to be incompatible with standard market operations or the Provider's risk management policies, including the use of high leverage, over-exposure, unusually large or small lot sizes, or strategies that could disrupt market equilibrium.
  • Where there are inconsistencies in trading patterns, including significant deviation from the User's historical trading behaviour or from generally accepted market practices.
  • Where trading activities could lead to financial harm or operational disruption to the Provider or third parties.
  • 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, the Provider will take the following actions when implementing trading restrictions or modifications:

  • The Provider will make reasonable efforts to notify the User of any trading restrictions, modifications, or account terminations, providing reasons for such actions. However, in cases where immediate action is required to protect the integrity of the platform, the Provider may implement changes without prior notice.
  • Users will have the opportunity to request a review of any imposed restrictions or account actions. The Provider will consider appeals on a case-by-case basis and will endeavour to respond within ten (10) business days, but reserves the right to uphold its original decision.
  • The Provider shall not be liable for any direct, indirect, incidental, or consequential losses or damages resulting from the imposition of trading restrictions or account termination. Users agree to hold the Provider harmless against any claims arising from such actions.
If any Prohibited Trading Practices are carried out on one or more FundedVerse Challenge accounts, the Provider is entitled to cancel all Services and terminate all relevant contracts in respect of all such accounts. The User shall not be entitled to a refund of any fees paid.

Section 3

Know Your Customer (KYC) & Compliance

The Provider is committed to implementing robust and comprehensive procedures in accordance with applicable legal and regulatory requirements pertaining to Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD). KYC procedures are conducted through trusted third-party verification providers (such as Veriff, Sumsub, or equivalent services). KYC data submitted by the User is processed and secured by the respective third-party providers and is not stored directly on the Provider's systems. The handling of all personal data is governed by the FundedVerse Privacy Policy.

The objectives of the KYC procedures are to:

  • Establish a streamlined and efficient mechanism for identifying and vetting prospective Users
  • Mitigate the risks of money laundering by acquiring and analysing relevant information
  • Facilitate the detection of suspicious transactions by identifying inconsistencies with the information received
KYC verification must be conducted solely by the individual account holder. Multiple individuals attempting KYC verification for a single account are strictly prohibited. If such violations are detected, the Provider holds the right to terminate the account with immediate effect.

3.2 Customer Due Diligence (CDD)

CDD is a mandatory process for initiating and maintaining engagements with Users. The CDD protocol mandates:

  • Collecting verifiable identification data from Users to unequivocally establish their identity
  • Understanding the intended nature and purpose of the User's trading activities, including the strategies to be employed
  • Performing ongoing monitoring of trading activities to ensure they are consistent with the User'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. Enhanced measures include:

  • Obtaining additional identity verification documents, particularly where standard documentation has proven insufficient or questionable
  • Conducting a detailed verification session, which may include a video call, to personally engage with the User and better assess their legitimacy
  • Gaining deeper insight into the User's trading methodology to ensure it aligns with the Provider's risk tolerance and ethical trading standards
  • Implementing intensified and ongoing monitoring of the User'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. The KYC process operates as follows:

  • Identity verification is initiated after the User has successfully completed all applicable Challenge phases.
  • Upon starting verification, the User will be directed through an identity check process via QR code, SMS verification link, or email verification link, as provided by the third-party KYC provider.
  • The User shall be required to submit a valid, government-issued photo identification document. Accepted documents include a National ID or Passport.
  • KYC verification shall not be completed if expired documents are provided. Only current and valid documents will be accepted.
  • After submitting identification documents, the User will be directed to an Agreement Signing stage, where they must provide their full name and address and agree to the applicable terms. Verification may take 48–72 hours from submission.
  • The Provider reserves the right to refuse or discontinue any business engagement with a User if the CDD, EDD, or KYC criteria are not satisfactorily met.
  • Failure to pass the KYC verification process shall result in the rejection of the User's FundedVerse account application and ineligibility for any Performance Reward.

Section 4

Payout Structure & Performance Rewards

This Section sets out the structure governing Performance Rewards (payouts) available to Users who have successfully passed all applicable Challenge phases, completed KYC, and are operating a funded-like (demo) account.

4.1 — No Automatic Entitlement

Participation in a Challenge does not create any automatic right or entitlement to a Performance Reward. All Rewards are subject to full compliance with these Challenge Terms and the applicable Program Rules.

4.2 — Conditions for Reward Eligibility

A Performance Reward shall only be considered where all of the following conditions are met:

  • The User has successfully completed all required Challenge phases
  • The User has passed KYC/AML verification and sanctions screening
  • The User's account has passed Integrity Review with no evidence of Prohibited Trading Practices
  • No payment disputes or chargebacks are pending or unresolved
  • The User is not subject to any account suspension or investigation

4.3 — Payout Cap & Maximum Payout

Performance Rewards are subject to both a per-cycle cap and a maximum payout cap per withdrawal request.

Minimum payout amount

$200 USD

Maximum payout per withdrawal

6% of funded account capital

Per-cycle cap (10-day cycle)

5% of funded account capital

Excess above per-cycle cap

Permanently cancelled — does not carry forward

Processing fee (max)

Up to 3.5% (charged by payout provider)

Any simulated profit exceeding the per-cycle cap (5%) accrued within a single ten (10) calendar day trading cycle is permanently cancelled and does not carry forward to subsequent cycles. Users acknowledge and agree to this cap structure as a condition of participation.

4.4 — Disbursement & Processing

Where a Performance Reward is approved, it will be disbursed via third-party payout providers and/or Payment Partners. Transaction costs, currency conversion charges, and provider fees may apply. The minimum payout amount is USD 200. Payout timelines are targets only and are not guaranteed.

4.5 — Withholding, Offsets, and Reversals

The Provider reserves the right to withhold, adjust, offset, or reverse any approved or pending Performance Reward where fraud, rule violations, disputes, or integrity concerns are discovered before or after disbursement, to the extent permitted by applicable law.

4.6 — Taxes

Users are solely responsible for their own tax reporting and payments in connection with any Performance Rewards received, unless withholding is required by applicable law.

Section 5

Refund Policy

5.1 — General Policy

Except where mandatory consumer law requires otherwise, Challenge fees are non-refundable once digital access has been provisioned and/or the Challenge has been started (i.e., the first trade has been executed). By executing the first trade, the User acknowledges and agrees that the Provider has delivered the Services, waiving any applicable right to contract withdrawal.

5.2 — Pre-Activation Refund Window

A refund request may be submitted within seven (7) calendar days of registration, provided no trading activity has occurred on the account. Once trading commences, fees become non-refundable in full, with no provision for partial refunds.

5.3 — Non-Activation

If the User does not activate (execute the first trade on) the FundedVerse Challenge within thirty (30) calendar days of account provisioning, access will be suspended. Renewal of access may be requested via the support team, subject to applicable terms at that time.

5.4 — Termination by User

A User wishing to terminate their account must submit a written termination request to the Provider's support team. Such a request results in loss of access to all Services. The Provider will confirm receipt via email. Under these circumstances, the User forfeits any right to refunds of fees previously paid.

5.5 — Severe Violations

In cases where the User engages in prohibited practices of a serious nature, the Provider reserves the right to restrict access to all Services and terminate the User's account immediately, without compensation and without prior warning. No refunds will be issued, including fees paid for add-ons. The Provider retains full discretion in determining the severity of the violation and the appropriate corrective action.

5.6 — Disputes and Chargebacks

In the event of any fee dispute or chargeback initiated by the User that is deemed unjustified or fraudulent by the Provider, the Provider reserves the right to cease Services and deny future Services at its discretion. The Provider may also 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.

Section 6

Dispute Resolution

6.1 — Support-First

In the event of any concern or dispute relating to a transaction, account, or the Services, the User is strongly encouraged to contact the Provider's support team before initiating any formal or payment-level dispute.

6.2 — Account Paused During Dispute

In the event that the User raises a payment dispute regarding a transaction made to the Provider, the trading account associated with the disputed transaction will be paused for the duration of the review process.

6.3 — False Disputes

The Provider reserves the right to permanently suspend any User found to have raised a false or fraudulent dispute. A false dispute is defined as a situation where the Services were delivered without issue, yet the User initiated a dispute against the relevant transaction.

6.4 — Reactivation Following Dispute Withdrawal

If the User wishes to reactivate a trading account for which a dispute was raised, they must first formally withdraw the dispute and provide the Provider with official proof of the dispute withdrawal. Once verification is successfully completed, the trading account will be reactivated.

The verification and reactivation process may take 45 to 60 business days. The User is strongly encouraged to contact the support team before initiating any disputes to address concerns promptly.

6.5 — Optional ADR

After internal escalation through the support process, mediation or arbitration may be used as an alternative dispute resolution mechanism, but only by mutual written agreement of both parties for the specific dispute.

Section 7

Entire Agreement & Interpretation

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 in relation to the Service, constitute the full and exclusive understanding and agreement between the User and the Provider. This agreement governs the User'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 User may hold under applicable consumer protection laws that are not subject to contractual waiver.

Section 8

Governing Law & Jurisdiction

These Challenge Terms, and any additional agreements under which the Provider provides Services to the User, are regulated and construed in accordance with the laws of Saint Lucia. Any dispute that cannot be resolved through the process set out in Section 6 shall be subject to the exclusive jurisdiction of the competent courts of Saint Lucia, subject to any mandatory legal provisions applicable in the User's jurisdiction.

Section 9

Local Law Compliance

The User is advised to be fully aware of and comply with all local laws and regulations pertaining to their participation in the Services. The User acknowledges that they are engaging in the Services at their own risk and assumes all responsibility for their participation. By using the Services, the User affirms that they are over the age of 18 and acknowledges that the Provider is not responsible for any actions taken by the User that may violate local laws. Any such violations are the sole responsibility of the User.

The Services are not available to individuals or entities located or ordinarily resident in jurisdictions subject to comprehensive international sanctions, or identified on any restricted party list. Without limitation, the Provider does not accept Users from North Korea, Bangladesh, or any jurisdiction subject to comprehensive OFAC sanctions.

Section 10

Changes to Challenge Terms

The Provider reserves the right to modify, update, or revise these Challenge Terms at any time at its sole discretion. Any material changes will be communicated to Users through appropriate means, including notifications on the website or via email, with a minimum of fourteen (14) calendar days' advance notice before the changes take effect — except where immediate changes are required by law, regulatory obligation, or to address a security or integrity risk.

By continuing to access or use the Services after such changes have been notified and the notice period has elapsed, the User agrees to be bound by the revised Challenge Terms. If the User does not accept the revised terms, they may terminate their account in accordance with Section 5.4 before the changes take effect, without incurring additional fees solely as a result of the changes.

Annex A

Prohibited Trading Strategies (Detailed)

This Annex forms part of the Program Rules and these Challenge Terms. The following strategies are explicitly prohibited:

  • Cross-account hedging (as defined in Section 2 and the FundedVerse Terms of Service) — prohibited.
  • Copy trading and trade mirroring (unless expressly permitted in writing by the Provider) — prohibited.
  • Collusion and group trading — prohibited.
  • Latency arbitrage, feed exploitation, quote stuffing, and synthetic-fill exploitation — prohibited.
  • Exploiting outages, stale prices, off-market quotes, or symbol mapping errors — prohibited.
  • "Pass-farming" patterns intended to bypass consistency or drawdown rules, including systematic stop-hunting of internal rules, artificial position sizing spikes at target proximity, or other manipulative patterns — prohibited.
  • Hiding identity or evading detection tools (VPN rotation, device spoofing, cookie resets, KYC mismatch) — prohibited.
  • High-frequency trading (HFT) strategies — prohibited.
Enforcement: The Provider may void results, remove trades or days from performance calculations, deny Rewards, and terminate accounts where any of these strategies are detected.

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 | License No. 2025-00890

Payment services administered by FVTech LTD, Cyprus.

Clients are provided with simulated accounts featuring simulated funds for trading activities. Please note that all client trading operations are conducted within a simulated environment. For further details, please visit our FAQ section.

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