- Agreement
1.1 Introduction: Welcome to FUNDEDSQUAD (the “Website”), accessible from https://fundedsquad.com which owned and operated by DEVIONICS TECHNOLOGY – FZCO (the “Company”). This Agreement grants you (“you” or the “Trader”) a limited license to use the services offered by the Company (the “Services”), subject to the terms and conditions outlined herein.
1.2 Binding Contract: This Agreement constitutes a legally binding contract. You must read this Agreement thoroughly before accessing or using the Services. By using the Services, you agree to abide by the terms and conditions set forth in this Agreement.
1.3 Modifications: The Company reserves the right to suspend, replace, modify, amend, or terminate this Agreement at any time at its sole discretion. Your continued use of the Services after such changes will signify your acceptance of the modified Agreement, effective as of the date of such changes.
- Trader Representations
2.1 Age and Authority: By using the Services, you represent that you are at least eighteen (18) years old and mentally competent to enter into and comply with this Agreement. If you are using the Services on behalf of a business entity or third party, you affirm that you have the authority to act as an agent for that entity or third party and bind them to this Agreement.
2.2 Legal Compliance: You represent that your use of the Services complies with all applicable laws, regulations, and treaties in your jurisdiction and does not violate any preexisting agreements.
- Limited License
3.1 Grant of License: The Company grants you a limited, non-exclusive, non-sublicensable, non-assignable, revocable, and royalty-free license to use the Services for their intended purposes. You are prohibited from scraping, framing, hacking, reverse engineering, crawling, or aggregating the Services or the Company’s website without prior written consent from the Company.
3.2 Intellectual Property: Your limited use of the Services does not grant you any intellectual property rights to the Company’s or its third-party contractors’ technology, copyrights, trademarks, or trade secrets. Your use of the Services is strictly governed by this Agreement, and the Company reserves all rights not expressly granted herein.
3.3 Revocation: This license may be revoked at any time. All rights not expressly granted are reserved by the Company.
4. Prohibited Uses
4.1 Legal and Rights Violations: You are prohibited from using the Services to violate any laws, statutes, regulations, or treaties, or to infringe upon the rights of any third party, including intellectual property, privacy, or proprietary rights.
4.2 Service Integrity: You may not scrape, crawl, frame, post unauthorized links to, aggregate, hack, perform denial of service (DOS) attacks, reverse engineer, or circumvent any technological protections of the Services or the Company’s website.
4.3 Unsolicited Communications: Using the Services to send unsolicited commercial emails to third parties or Company Traders is prohibited. While the Company does not monitor content, it reserves the right to remove any such content.
4.4 Prohibited Trading: You are prohibited from engaging in any trading activities deemed by the Company or its Brokers as “Prohibited Trading,” including but not limited to:
- Exploiting pricing or platform errors.
- Using non-public or insider information.
- Front-running trades.
- Jeopardizing the Company’s broker relationships.
- Creating regulatory issues for the Broker.
- Employing third-party or off-the-shelf strategies inappropriately.
- Using different strategies for assessments and funded accounts.
- Arbitraging between challenge accounts or other accounts.
4.5 Termination for Prohibited Trading: If Prohibited Trading is detected, the Company may terminate your participation in the program and forfeit any fees paid. Trading activity will be reviewed before issuing a funded account, and Prohibited Trading will result in denial of the funded account.
4.6 Right to Exclude: The Company reserves the right to disallow or block any Trader from participating in the program at its sole discretion.
5. Education
5.1 No Trader Education: The Company does not offer trader education or live trading services. The purpose of the Company is to identify individuals with trading talent. Traders who successfully pass the Company’s assessment will be allocated capital to trade in a live account, subject to an agreement with FUNDED SQUAD.
5.2 Informational Content: The Company may provide data, information, and content related to investment strategies and opportunities. Such material is for general informational and educational purposes only. It should not be interpreted as investment, financial, tax, legal, or other professional advice. The Company does not encourage you to act on the provided information.
5.3 Accuracy of Information: The Company does not guarantee the accuracy or completeness of any data, information, or content on its website. You are solely responsible for evaluating the merits and risks associated with using such content. The Company will not be liable for any damages or claims resulting from your decisions based on this information.
5.4 Investment Risks: Trading and investing carry significant risks and can lead to substantial losses. The risk can work both for and against you. Past performance is not indicative of future results.
5.5 Risk Consideration: Carefully assess whether trading and investing suit your investment objectives, experience level, and risk tolerance. If you have doubts, consult a financial or tax advisor.
6. Account Creation
6.1 Registration: To register as a Trader, you may need to provide personal information, including your name, email address, mailing address, phone number, date of birth, and a unique username and password. This information is governed by the Company’s privacy policy, accessible www.fundedsquad.com.
6.2 Account Use: Your account is personal and non-transferable. You are responsible for maintaining the confidentiality of your username and password. If you suspect any unauthorized access to your account, you must immediately inform the Company.
6.3 Account Limit: Traders are permitted to have more than one active account per challenge level at a time.
7. Purchases and Refunds
7.1 Products and Services: The Company may offer products, services, subscriptions, or access to certain parts of its website for a fee. Prices and availability are subject to change without notice. Purchases may be made directly through the Company’s website or via an affiliate. It is your responsibility to review and understand the relevant terms and conditions.
7.2 Liability for Purchases: By making a purchase, you agree that the Company is not responsible for and will not be liable for any claims related to your purchases.
7.3 Challenge Program: Upon payment for any Challenge program, you will receive login data. By executing your first trade, you acknowledge that the Company has completed the Services before the end of the withdrawal period, thereby waiving your right to withdraw from the contract.
7.4 No Refunds: All purchases of Services are non-refundable. If you are categorized as “high risk” by our payment processors, additional documentation may be required to proceed with the challenge. Failure to provide the requested documentation within twenty-four (24) hours may result in revocation of your access to the Services. Submission of documentation does not guarantee the reversal of the “high risk” status and may still result in ineligibility.
8. Guidelines
8.1 Guidelines Display: The Company will provide guidelines related to the Services on its website and via email upon your registration as a Trader. These guidelines, which may be updated periodically at the Company’s sole discretion, are incorporated into this Agreement. The Company does not guarantee, express or implied, any promise of future employment, monetary compensation, or any other form of reward based on your performance as a Trader.
9. Trademarks
9.1 Trademark Ownership: All trademarks, trade names, design marks, and logos displayed on the Company website are either common law or registered trademarks owned by or licensed to the Company. You are expressly prohibited from using the Company’s trademarks in a manner that could cause confusion, deceive consumers, or falsely represent the origin or sponsorship of your goods or services. This prohibition extends to domain names, keyword advertisements, trigger keywords, and meta tags. All other trademarks are the property of their respective owners.
9.2 Intellectual Property Rights: The Company, its suppliers, and licensors retain all intellectual property rights in the text, programs, products, processes, technology, content, and materials on the Company’s website. Access to the website does not grant any license under the Company’s or any third party’s intellectual property rights. All content on the website is owned by or licensed to the Company or its third-party suppliers. Unauthorized use, including copying, storing, modifying, or distributing any content from the website, is prohibited without the Company’s permission.
9.3 Company Marks: The Company’s names, logos, and related products, services, and slogans are trademarks or service marks owned by or licensed to the Company. No trademark or service mark license is granted through access to the Company’s website. Use of any Company name, logo, or mark in any manner is not authorized.
9.4 Content Use: All materials on the website, including images, text, illustrations, designs, icons, photographs, audio clips, video clips, and other content (collectively, the “Contents”), are intended solely for personal, non-commercial use. Downloading or copying materials does not transfer any rights or ownership to you. Reproduction, publication, transmission, distribution, modification, or exploitation of any Contents, in whole or in part, is prohibited without permission. All software used on the website is owned by the Company or its suppliers and is protected under U.S. laws. Unauthorized use of the Contents or the website is strictly prohibited. The compilation of all Contents on the website is the exclusive property of the Company and is protected by U.S. laws.
10. Disclosure Statement
10.1 Investment Considerations: Before participating in financial markets, carefully consider your investment objectives, level of experience, and risk tolerance. Never invest money you cannot afford to lose.
10.2 Risk Exposure: Engaging in over-the-counter transactions involves significant risk, including leverage, credit risk, limited regulatory protection, and market volatility, which can substantially impact the prices of the products you trade.
10.3 Leverage Risks: The leveraged nature of over-the-counter trading means that market movements will have a proportional effect on your funds, potentially resulting in substantial losses as well as gains.
10.4 Internet-Based Trading Risks: Using an Internet-based trading system carries risks, including hardware, software, and connection failures. The Company is not liable for communication failures or delays that occur during Internet trading. Backup systems and contingency plans are in place to minimize the risk of system failures.
11. Term and Termination
11.1 Term: This Agreement commences upon your purchase of a Service from the Company and will continue until the Company either terminates your access to the Services or you cease using the Services.
11.2 Termination: The Company reserves the right to terminate the Services or your access to the Company’s website at its sole discretion, without prior notice.
12. Disclaimer of Warranties and Limitation of Liability
12.1 Disclaimer of Warranties: You acknowledge and agree that the Services and Company website are provided on an “AS-IS” basis, without any warranty of any kind. This includes, but is not limited to, warranties of title, merchantability, accuracy, fitness for a particular purpose, security, and non-infringement. To the extent permitted by law, the Company will not be liable for any claims, damages, judgments, charges, or fees arising from or related to information on the website and your use of or access to the Services or the Company website. This includes, but is not limited to, compensatory, consequential, special, incidental, punitive, or exemplary damages, costs, attorneys’ fees, damages arising from errors or omissions, and damages from the unavailability of the website or downtime. Your use of the Services and/or the Company website is at your own risk, and the Company’s liability is limited to the lesser of the amount you paid to use the Services or $1,000.
13. Indemnification
13.1 Indemnification: You agree to indemnify, defend, and hold harmless the Company, its officers, shareholders, directors, employees, subsidiaries, affiliates, white label users, and representatives from any and all losses, including costs and attorneys’ fees, arising out of or related to your use of the website; your violation of any term or condition of this Agreement; your violation of third-party rights, including intellectual property or other personal or proprietary rights; and any violation of applicable laws or regulations.
13.2 Defense Control: Your obligation to defend the Company does not grant you control over the Company’s defense. The Company retains the right to control its defense, including its choice of counsel and whether to litigate or settle a claim subject to indemnification.
14. Litigation
14.1 Governing Law: Any controversy or claim arising out of or related to this Agreement, including interpretation of this Agreement or your use of the Services, will be governed by the laws of the United Arab Emirates.
15. Force Majeure
15.1 Force Majeure: The Company shall not be liable for any claims, losses, damages, costs, or expenses, including attorneys’ fees, caused directly or indirectly by events beyond its control. This includes, but is not limited to, civil unrest, war, insurrection, international intervention, governmental actions (e.g., exchange controls, forfeitures, nationalizations, devaluations), natural disasters, acts of God, market conditions, communication failures, or disruptions of any transmission or communication systems, whether belonging to the Company, you, or third-party service providers.
16. Survivability
16.1 Survivability: The representations, warranties, duties, and covenants made by you under this Agreement will survive the termination of this Agreement or the Services. This includes your duty to indemnify and defend the Company.
17. Severability
17.1 Severability: If any term or condition of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining terms and conditions of this Agreement will remain in full force and effect.
18. Interpretation
18.1 Interpretation: This Agreement will be deemed to have been drafted by both parties, and no term or condition will be interpreted against its drafter.
19. Assignment
19.1 Assignment: You are prohibited from assigning your rights and duties under this Agreement. The Company reserves the right to assign its rights and duties under this Agreement, including in the event of a sale of the Company or its Services.
20. Waiver
20.1 Waiver: No term or condition of this Agreement, or breach thereof, will be considered waived unless the waiver is in writing and signed by the party to be charged.
21. Entire Agreement
21.1 Entire Agreement: This Agreement constitutes the entire agreement between the Company and you regarding the use of the Services and supersedes all prior understandings, agreements, or representations, whether written or oral.