Terms and Condition

Introduction

Welcome to Funded Elite! Funded Elite (hereafter referred to as “we,” “us,” or “our”) is an online platform owned and operated by Quantum SRLS, a legally registered entity based in Italy. Our registered address is at Corso G. Matteotti, Latina, 04100 Italia, and we are proudly registered under P.IVA 03095010595.

At Funded Elite, we are committed to providing traders (referred to as “you” or the “Trader”) with exciting and innovative opportunities in the world of trading and finance. This introduction is designed to provide you with an overview of our platform and services. By accessing and using our services, you agree to be bound by the terms and conditions outlined in this Agreement.

About Funded Elite

Funded Elite is dedicated to offering a unique and engaging trading experience. Our platform is designed to empower traders, both novice and experienced, to hone their trading skills, test their strategies, and access exciting virtual challenges that simulate real-market conditions.

Our Commitment to Transparency

We take pride in our commitment to transparency and integrity. We strive to create a secure and trustworthy environment for traders worldwide. It is essential that you carefully read and understand this Agreement before accessing and using our Services.

Modification of this Agreement

Funded Elite reserves the right to make updates, modifications, amendments, or terminations to this Agreement at any time, solely at our discretion. In the event of any changes to this Agreement, we will notify you promptly. Your continued use of our Services after such changes will constitute your acceptance of any revised terms and conditions.

Using Our Service

At Funded Elite, we value your commitment to exploring and utilizing our digital products and services. This section outlines essential information regarding the use of our services and your responsibilities as a user.

Legal Agreement

By accessing and using the digital products and services provided by Funded Elite, you are entering into a legally binding agreement. We emphasize the importance of carefully reviewing this Agreement before proceeding to use our Services. Your use of our platform signifies your full acceptance and agreement with the terms and conditions outlined herein.

User Representations

• Age and Capacity: By using Funded Elite’s digital products and services, you represent that you are at least eighteen (18) years old and are of sound mind. You confirm that you have the legal capacity to consent to and uphold the terms and conditions within this Agreement. If you are accessing our Services on behalf of a business entity or third party, you further represent that you possess the actual authority to act as their agent. You have the right and capability to bind that third party or business entity to the terms of this Agreement on their behalf.
• Compliance with Applicable Laws: Funded Elite operates in adherence to all applicable laws, regulations, ordinances, statutes, and treaties relevant to individuals and business entities located in your jurisdiction. By using our Services, you confirm that your actions are in compliance with these legal requirements. You also assert that you are not precluded from entering into this Agreement by the terms of any preexisting agreements.

Modification of this Agreement

Funded Elite reserves the exclusive right to make adjustments to this Agreement. These modifications may include, but are not limited to, suspension, replacement, modification, amendment, or termination of this Agreement. Such changes will be made at our sole discretion.

In the event that Funded Elite enacts replacements, modifications, or amendments to this Agreement, your continued use of our Services after the effective date of these changes will signify your consent and agreement to the updated terms. We recommend regularly reviewing this Agreement to stay informed about any alterations that may affect your use of our digital products.

Platform Use Agreement

At Funded Elite operated by Quantum Srls, we grant you a valuable, limited, and non-exclusive license for accessing and using our platform and services (“Services”) according to the terms and conditions outlined in this Agreement.

Please carefully review this Agreement before proceeding as it outlines the specific terms of our platform use license. It’s important to note that this license does not grant any ownership or intellectual property rights, including copyrights, trademarks, or trade secrets, associated with Funded Elite, Quantum Srls, or third-party contractors.

To maintain a secure and compliant environment, we impose strict guidelines. These guidelines prohibit activities that could compromise the security, integrity, or functionality of our platform or website. Your use of our Services is contingent upon compliance with these terms and conditions. Any actions that exceed or breach these authorized terms are not permitted. Funded Elite reserves all rights not explicitly granted in this Agreement.

Please bear in mind that this license may be revoked or modified at any time, at Funded Elite’s discretion. Any rights not expressly granted within this Agreement remain the exclusive property of Funded Elite.

By engaging with our Services, you acknowledge and accept the limitations and conditions associated with this license. Your continued use of the Services demonstrates your unwavering commitment to these terms.

Access to our platform’s services is subject to geographical restrictions for regulatory and legal compliance:

• MT5 Accounts: Individuals residing or trading from USA, Iraq, Cuba, Iran, North Korea, Lebanon, Libya, Crimea, Donetsk and Luhansk regions of Ukraine, and Somalia are prohibited from accessing these accounts. This policy is in place to adhere to international legal requirements and ensure a secure trading environment.
• Tradelocker Accounts: Individuals residing or trading from Iraq, Cuba, Iran, North Korea, Lebanon, Libya, Crimea, Donetsk and Luhansk regions of Ukraine, and Somalia are prohibited from accessing these accounts. This policy is in place to adhere to international legal requirements and ensure a secure trading environment.
• cTrader Accounts: Individuals residing or trading from USA, Iraq, Cuba, Iran, North Korea, Lebanon, Libya, Crimea, Donetsk and Luhansk regions of Ukraine, and Somalia are prohibited from accessing these accounts. This policy is in place to adhere to international legal requirements and ensure a secure trading environment.
• Axe Trader Accounts: Individuals residing or trading from Iraq, Cuba, Iran, North Korea, Lebanon, Libya, Crimea, Donetsk and Luhansk regions of Ukraine, and Somalia are prohibited from accessing these accounts. This policy is in place to adhere to international legal requirements and ensure a secure trading environment.

Users must ensure that their activities comply with these geographical restrictions. Non-compliance may lead to the suspension or termination of services.

Guidelines for Demo Trading

As you engage in demo trading using our services, it’s crucial to understand and adhere to the following guidelines:

• Demo Trading Transactions: You have the freedom to execute transactions during demo trading. However, we expect you to avoid employing any trading methods or practices that contravene our trading policies, which are detailed further in our trading guidelines.
• Best Market Practices: We encourage you to follow established market standards and best practices while participating in financial market trading through our services. This includes the prudent application of risk management strategies.
• Data Sharing Consent: By utilizing our demo trading services, you authorize Funded Elite to access and share information related to your demo trades with affiliated parties and entities associated with Funded Elite. This authorization allows Funded Elite and these parties/entities to use and manage this information as required. Please note that these activities may occur automatically and do not necessitate additional consent or approval from you. It’s important to understand that you are not entitled to compensation or revenue for the utilization of this data by Funded Elite.
• No Provision of Investment Advice: Your engagement in demo trading should not be construed as the provision of investment advice or recommendations to Funded Elite. Your involvement is solely aimed at participating in simulated trading for educational and assessment purposes.
• Information Accuracy: Funded Elite does not assume responsibility for the accuracy of information presented during demo trading. Furthermore, Funded Elite cannot be held accountable for any interruptions, delays, or inaccuracies in market information provided by third-party applications or brokers.

Prohibited Uses

At Funded Elite, we prioritize the responsible use of our services to ensure a secure and respectful trading environment for all participants. To maintain this commitment, we have outlined specific prohibited uses that must be strictly avoided while engaging with our platform:

1. Compliance with Applicable Laws: You are expressly prohibited from utilizing our services in any manner that contravenes local, regional, national, or international laws, statutes, ordinances, regulations, or treaties. This extends to respecting the rights of third parties, including but not limited to intellectual property rights, privacy rights, rights of publicity, and other personal or proprietary rights.
2. Ethical Usage: Users must not engage in activities that seek to disrupt or compromise the integrity of our services or the Funded Elite website. These prohibited actions encompass activities such as scraping, crawling, framing, unauthorized linking, hacking, initiating denial of service (DOS) attacks, attempting reverse engineering, or any efforts to circumvent technological protection measures.
3. Unsolicited Commercial Communications: The Funded Elite platform shall not be used for transmitting unsolicited commercial emails to third parties or fellow traders. While Funded Elite does not proactively monitor user-generated content, we reserve the right to remove such content if deemed necessary.
4. Prohibited Trading Practices: Our commitment to responsible trading practices is unwavering. Prohibited trading practices include, but are not limited to:
   • Exploiting errors or latency in pricing and platforms provided by the broker.
   • Utilizing non-public or insider information.
   • Front-running trades placed elsewhere.
   • Engaging in trading that jeopardizes the Prop Account’s relationship with the broker or may result in trade cancellations.
   • Trading that creates regulatory issues for the broker.
   • Utilizing third-party strategies, off-the-shelf strategies, or those marketed for assessment accounts.
   • Using one strategy to pass an assessment and subsequently switching to a different strategy in a funded account.

In addition, we explicitly prohibit practices that resemble gambling, which include:

• Using excessively high lots that disproportionately magnify potential gains and losses.
• Trading news in a malicious way to exploit market volatility.
• Overleveraging, which involves the excessive use of borrowed funds to increase the potential return of an investment.
• Overexposure to single markets or assets, creating an imbalanced and high-risk trading environment.
• Placing one-sided bets where a large volume of trades is concentrated on a single direction without consideration of risk management.
• Account rolling, repeatedly using aggressive trading strategies to artificially inflate account value.

We closely monitor trading activities to ensure compliance with these guidelines. Failure to adhere to these principles, specifically by engaging in any of the aforementioned gambling-like practices, will result in the immediate blocking of the trader’s account. This action is taken as part of our stringent risk management measures.

Should we identify that your trading activities fall within the Prohibited Trading category, your participation in our program may be terminated. This may include the forfeiture of any fees paid to Funded Elite.

Moreover, prior to the allocation of a funded account, the trading activity of the trader, in accordance with these Terms and Conditions, will undergo a thorough joint review by Funded Elite and the broker. This review will determine whether the trading activity aligns with our guidelines or constitutes Prohibited Trading. In cases of Prohibited Trading, the trader will not be eligible for a funded account.

By engaging with Funded Elite’s Services, you acknowledge and accept these guidelines, pledging to uphold the integrity of our trading community.

Elite / Live Phase Traders’ Minimum Trading Requirement and Strategy Adherence

To ensure a thorough and equitable evaluation of trading performance and the effectiveness of their strategies, Funded Elite enforces specific requirements for all traders in the Elite or Live phase:

• Minimum Trading Days: Traders are obliged to engage in active trading for at least five (5) trading days before they can make their first payout request following the initial 21-day period. This condition is crucial to demonstrate ongoing trading activity and effective risk management.
• Strategy Adherence and Prohibited Practices: Traders must adhere to the same trading strategy that they initiated on their first day throughout this initial period. This requirement is set in place to assess the trader’s commitment to their selected strategy and their ability to apply it consistently over time. Additionally, this rule aims to limit gambling behaviors and other prohibited practices, such as hedging, arbitrage, etc., that can undermine the integrity of the trading environment.

Other prohibited practices include:

• Arbitrage, one-sided betting, High-Frequency Trading (HFT) — even trades under 3 minutes can be considered HFT depending on the account and activity — multiple IP usage, and using a VPS without consulting the support team before starting to trade. Additionally, using hidden EAs, false IDs, or the IDs of friends or family members to trade are also forbidden.

By imposing these guidelines, Funded Elite seeks to maintain a fair and responsible trading platform. These rules are designed to encourage disciplined trading and deter behaviors that can lead to high-risk, speculative, or unethical trading practices. Traders are advised to plan their trading activities with these requirements in mind to ensure a successful tenure in the Elite or Live phase.

Prohibition of Multiple Accounts

In our Terms of Service, we address the issue of account duplication to ensure fairness and security across our platform. Users are strictly prohibited from creating multiple accounts under their name or through various registrations.

We actively monitor for signs of duplicate accounts, which include, but are not limited to, identically traded strategies, repeated use of the same IP addresses, and the use of identical or similar crypto wallets. The detection of such duplications is a serious breach of our terms and can lead to immediate suspension of the involved accounts.

Our platform is committed to providing a transparent and equitable trading environment. Violations of this policy undermine the integrity of our services and can potentially harm other users. Therefore, strict adherence to this policy is essential for the smooth operation of our platform and the fair treatment of all our clients.

Should you have any concerns or need further clarification regarding this policy, we encourage you to reach out to our support team for assistance. Our team is always ready to provide the necessary guidance and support to ensure that your experience on our platform remains positive and compliant with our terms.

Account Creation

Users Accounts

To become a Funded Elite trader, you’ll need to create an account with us. Here’s what you need to know:

• Personal Information: During the registration process, we’ll ask you for personal details, including your name, email address, mailing address, phone number, date of birth, and a unique username and password. Your information is important to us and is subject to our privacy policy, which you can review [here].
• One Account, Multiple Opportunities: With a single Funded Elite account, you can participate in numerous trading challenges, each with its specified capital amount. If you successfully pass multiple challenges, you can accumulate access to live accounts with a combined capital limit of up to $600,000 USD. These challenges offer valuable learning experiences and opportunities to enhance your skills.
• Personal and Exclusive: Your Funded Elite account is personal to you, and it cannot be shared with anyone else. Additionally, you may not purchase an account on behalf of a third party or have an account purchased for you by a third party. You are responsible for safeguarding the confidentiality of your username and password. If you suspect any unauthorized access to your account, please notify us immediately.
• Billing Information: As a trader, you can purchase multiple digital trading challenges using your account. Please ensure your billing information is accurate and up-to-date to facilitate a seamless transaction process.

Trader Development Approach

At Funded Elite, our primary goal is to identify and nurture trading talent. We employ a unique approach where traders gain access to simulated accounts that replicate real market conditions, allowing them to showcase their skills without the need for live capital. Here’s how it works:

Simulated Trading Opportunities

Funded Elite operates on an assessment-based model. Traders who exhibit exceptional skills during our assessment process are granted access to simulated trading accounts. These accounts closely mirror real-market scenarios, providing traders with an authentic trading experience. It’s important to note that the credentials and trading environment for these accounts are provided by third-party brokers and applications, ensuring a comprehensive and realistic trading experience.

Important Considerations

• No Investment Advice: It’s important to clarify that the data, information, and content we provide are not intended as investment, financial, tax, legal, or any other form of advice. Traders should not solely base their trading decisions on this information.
• Risk Assessment: Trading and investing inherently involve risks. Traders using our simulated accounts must assess these risks carefully. Keep in mind that past performance is not indicative of future results.
• Personal Evaluation: Traders should evaluate whether simulated trading aligns with their investment objectives, experience level, and risk tolerance.
• Seeking Professional Advice: If traders have questions or uncertainties about their trading activities, we recommend consulting with qualified financial advisors or experts in the field.

At Funded Elite, our commitment to transparency and responsible trading practices remains unwavering. Through our simulated trading accounts, we offer talented individuals a platform to hone their skills and experience real-market conditions without the need for live capital.

Know Your Customer (KYC) Policy

At Funded Elite, we take the KYC process very seriously to ensure a secure and compliant trading environment. Here’s what you need to know about our KYC policy:

• KYC Process: KYC must be completed through our dashboard and verified by Veriff. If Veriff does not support your document, you will not be able to upgrade your account until you provide a suitable document.
• Identity Verification: The KYC process must be conducted by the same person who is buying and operating the account. KYC cannot be done by a friend, family member, or anyone besides the operator of the account.
• KYC Review: We review KYC every time an account needs to be upgraded. If it is found that two or more people are involved in the KYC process, it will be deemed not suitable, and the account will be breached.
• Importance of KYC: KYC is an important process, and we take it with the utmost seriousness to ensure the integrity of our platform. By adhering to these guidelines, you help us maintain a secure and trustworthy trading environment for all participants.

Transaction and Refund Policies

At Funded Elite, we offer a range of digital trading challenges and related products. Here’s what you should know about purchasing and refunds:

• Pricing and Availability: Prices and availability of our trading challenges and products are subject to change, but we’ll always strive to keep you informed. You can explore and make purchases directly on our website or through authorized affiliates. We encourage you to review and understand the specific terms and conditions associated with each purchase.
• Ownership upon Purchase: When you make a purchase of any of our trading challenges, products, subscriptions, or access to specific sections of our platform, you become the rightful owner of that product or service. Upon a successful transaction, you’ll gain immediate access to the purchased item or feature, allowing you to commence your trading journey.
• Refund Policy: Please be aware that our default policy considers all sales of our trading challenges and related products as final once the purchase is confirmed. However, we understand that exceptional circumstances may arise. In such rare cases, the decision to grant a refund, if the product remains unused, will be at the sole discretion of Funded Elite. Our primary concern is ensuring a fair and equitable experience for all traders.
• Payment Verification: Occasionally, our payment processing systems or we may need to verify certain transactions. Timely cooperation in responding to these requests is vital to ensure uninterrupted service access. Please be aware that transactions from Restricted Jurisdictions, countries subject to specific sanctions, or involving individuals with criminal records or political affiliations may be subject to heightened scrutiny. However, fulfilling the verification requirements does not automatically guarantee access reinstatement, as each case is individually evaluated.

Our aim is to provide you with a seamless and secure purchasing experience, and we appreciate your cooperation in ensuring the integrity of all transactions.

Trademarks

At Funded Elite, we take our intellectual property seriously. Here’s what you need to know:

• Ownership: All trademarks, logos, and design marks displayed on our platform are the exclusive property of Funded Elite or are licensed to us.
• Respect for IP: You are not allowed to use our trademarks or any part of our platform’s content in ways that may cause confusion or violate intellectual property rights.
• Content Usage: The materials on our platform are meant for personal, non-commercial use. Any unauthorized use or distribution is strictly prohibited.
• Software Protection: The software used on our platform is protected by applicable laws, and its unauthorized use or distribution is prohibited.
• No Licensing: Accessing our platform does not grant you a license to use our trademarks or intellectual property.

By using our platform, you agree to respect our intellectual property rights. Your cooperation helps us maintain a secure and trustworthy trading environment.

Term and Termination

Our commitment to transparency extends to the duration of your engagement with Funded Elite:

• Starting Point: Your association with Funded Elite commences upon the purchase of one of our services.
• Duration: This Agreement will remain in effect as long as you continue using our services or until Funded Elite decides to terminate your access to our services.
• Our Discretion: Funded Elite reserves the right to terminate your access to our services or the Funded Elite website at our sole discretion, without prior notice.

We believe in providing a fair and secure environment for all our users, and this clause helps us maintain that commitment.

Our Warranty Disclaimer and Liability Limits

Disclaimer

The information provided in these terms and conditions is for general informational purposes only. While we strive to ensure the accuracy and completeness of the information provided, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to our services or the information contained in these terms and conditions.

Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to our website, or by anyone who may be informed of any of its contents.

Our services and the information contained in these terms and conditions are provided on an “as is” and “as available” basis, without any warranties of any kind, either express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

In no event will we be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of our services or these terms and conditions.

Every effort is made to keep our services up and running smoothly. However, we take no responsibility for, and will not be liable for, our services being temporarily unavailable due to technical issues beyond our control.

Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of Italy, without regard to its conflict of law principles. Any legal actions or proceedings arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of Tribunale di Latina, located at 04100 Latina, Italy. You consent to the personal jurisdiction of such courts and waive any objection to the laying of venue in such courts. You agree that any claim or cause of action arising out of or related to this Agreement or the use of our services must be filed within one (1) year after such claim or cause of action arose or be forever barred.

Legal Provisions

This section encapsulates crucial legal aspects governing our Agreement:

• Continued Effect: All obligations, representations, warranties, and covenants made by you in this Agreement shall endure even after its termination or the cessation of Services.
• Validity Preservation: In the event that any provision within this Agreement is declared invalid or unenforceable by a court of competent jurisdiction, the remaining terms and conditions shall remain fully effective.
• Assignment Rights: While you are restricted from transferring your rights and responsibilities under this Agreement, the Company reserves the prerogative to assign its own rights and duties, including in situations like a Company or Services sale.
• Written Waivers: No term or condition in this Agreement, nor any breach thereof, shall be deemed waived or granted consent unless such waiver is composed in writing and duly signed by the concerned party.

Entire Agreement

This Agreement constitutes the entire understanding between the Company and the user and supersedes all prior discussions, agreements, or understandings, whether written or oral, relating to the subject matter herein. Any modifications or amendments to this Agreement must be made in writing and signed by both the Company and the user. The user acknowledges that they have not relied on any representations or promises not explicitly stated in this Agreement.

Definitions, Expressions, and Abbreviations Used

This section provides clarity on various terms, expressions, and abbreviations used throughout this Agreement:

• Company: Refers to Funded Elite, the entity providing the Services as detailed in this Agreement.
• Services: Denotes the digital products and related functionalities offered by the Company, including access to trading challenges, account credentials, and the associated dashboard.
• Trader: Encompasses individuals or entities who engage with the Company’s Services, which may include purchasing account credentials or participating in trading challenges.
• Agreement: Signifies this document, including all its sections and any associated annexes or addenda, which outlines the terms and conditions governing the use of the Services.
• Website: Pertains to the official website operated by the Company, accessible at fundedelite.com, where information about the Services and related content is made available.
• Parties: Refers collectively to the Company and the Trader, the signatories of this Agreement.
• Effective Date: Designates the date on which the Trader commences use of the Services or purchases any product offered by the Company.
• Account Credentials: Entail the digital access information provided by the Company to the Trader, allowing access to third-party brokers and applications for trading purposes.
• Trading Challenges: Represents the assessments and evaluation criteria established by the Company to determine a Trader’s eligibility for simulated demo accounts and payouts.
• Dashboard: Refers to the digital interface or platform provided by the Company, allowing Traders to monitor their challenge status, performance, and potential payouts.
• Prop Firm: Stands for proprietary trading firm, denoting the Company’s business model, where Traders access digital products for trading purposes.
• Jurisdiction: Indicates the legal jurisdiction, typically the country or state, governing the interpretation and enforcement of this Agreement.
• Website Content: Encompasses all textual, graphical, audio, and visual elements, as well as any downloadable materials or software available on the Company’s Website.
• Third-Party Broker: Represents an external brokerage platform with which Traders may interact using the provided account credentials.
• Privacy Policy: Refers to the Company’s separate document outlining its practices and policies concerning the collection, use, and protection of personal and non-personal data, which is accessible on the Company’s Website.
• Written Waiver: Designates any waiver of terms or conditions in this Agreement, as outlined in the “Legal Provisions” section, which must be composed in writing and signed by the relevant party to be valid.