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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

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:

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:

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:

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:

Other prohibited practices include:

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:

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

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:

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:

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:

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:

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:

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: