These For Traders Terms & Conditions (the “T&C”) govern rights and obligations in connection with the services (the “Services”) provided by BLN TECH CLUB DMCC, with its registered seat at Unit No: 1210, Gold Crest Executive, Plot No: JLT-PH1-C2A, Jumeirah Lakes Towers, Dubai, UAE, license no.: DMCC-882990 (the “Platform”), offered mainly via the website https://www.fortraders.com (the “Website”). The client (the “Client”) shall read these T&C carefully. The Client is under no obligation to use the Services in case of not agreeing or understanding any portion of these T&C, nor should the Client use the Services unless agreeing with and understanding these T&C.
1.1. For the purposes of the T&C, the following definitions shall have the following meanings:
1.1.1. “For Traders Academy” means one of the Services provided by the Platform;
1.1.2.“For Traders Challenge” means one of the Services provided by the Platform. The For Traders Challenge is either the Two-Step For TradersChallenge or the One-Step For Traders Challenge;
1.1.3. “For Traders Member Program” means a service provided by a third party;
1.1.4. “Client Section” means the user interface located on the Website;
1.1.5. “Content” means collectively the Website and Services, including the Client Section, their appearance and all applications, data, information, elements such as texts, drawings, graphics, design, icons, images, audio and video samples and other content that may form and appear the Website and/or the Services;
1.1.6. “Consumer” means an individual who, outside his or her trade, business or profession, enters into a contract or has other dealings with an entrepreneur;
1.1.7. “Max Daily Drawdown” means the maximum percentage daily loss linked to the funding amount within the For Traders Challenge, which is calculated based on both, open and closed positions with midnight reset based on the account balance at that time (summer server time: GMT+3, winter server time GMT+2);
1.1.8. “Max Overall Drawdown” means the maximum percentage cumulative loss linked to the funding amount within the For Traders Challenge which is calculated based on both, open and closed positions along with any associated trading fees (spread, commission);
1.1.9. “One-Step For Traders Challenge” means For Traders Challenge consisting of only one phase;
1.1.10. “Order Form” means the section of the Website through which the Client may enter into the contract with the Platform;
1.1.11. “Profit Target” means the minimum percentage profit threshold linked to the funding amount within the For Traders Challenge, which is calculated based on closed positions only;
1.1.12.“Prohibited Jurisdictions” means Pakistan, Iran, Syria, Myanmar, Bangladesh, Vietnam, North Korea, the Russian Federation, the Republic of Belarus, Cuba, Lebanon, Libya, Sudan, Crimea, Donetsk and Luhansk regions of Ukraine, United Arab Emirates;
1.1.13. “Prohibited Trading Practices” means trading practices strictly prohibited while using the For Traders Challenge (described in more detail in clause 10.1);
1.1.14.“Trading Platform” means an electronic interface provided by a third party in which the Client performs demo trading in relation to the For Traders Challenge; and
1.1.15. “Two-Step For Traders Challenge” means For Traders Challenge consisting of Phase 1 and Phase 2.
1.1.16.“Two-Step For Traders Challenge PRO” means For Traders Challenge consisting of Phase 1 and Phase 2 with modified rules.
The personal data of the Client is processed in accordance with the Privacy Policy.
The Services provided to the Client by the Platform may not be considered investment services in accordance with applicable laws. The Platform does not give or provide to the Client any guidance, instructions, or information about how or in which manner should the transactions be performed when using the Services or otherwise, or any other similar information about the investment tools traded, nor does the Platform accept any such guidance, instructions, or information from the Client.
The Client acknowledges that none of the Services constitute investment advice or recommendations.
The Client acknowledges that any trading performed through the Services is not real and that the funds provided to the Client for demo trading are fictitious.
Developments in financial markets are subject to frequent and abrupt changes. Trading on financial markets may not be profitable and may lead to significant financial losses. Any previous performances and profits of the Client’s demo trading are not a guarantee or indication of any further performance.
The Client acknowledges that the Services and other Content are provided “as is” with all their errors, defects and shortcomings, and that their use is at the sole responsibility and risk of the Client.
To the extent permitted by the mandatory provisions of the applicable laws, the Platform disclaims any statutory, contractual, express, and implied warranties of any kind, including any warranty of quality, merchantability, fitness for a particular purpose, or non-infringement of any rights.
To the extent permitted by the mandatory provisions of the applicable laws, the Platform is not responsible for any harm, including any indirect, incidental, special, punitive or consequential damages, including lost profit, loss of data, personal or other non-monetary harm or property damage caused as a result of use of the Services or reliance on any tool, functionality, information or any other Content available in connection with the use of the Services or elsewhere on the Website.
The Platform is not responsible for any products, services, applications or other third-party content that the Client uses in connection with the Services. In case the Platform’s liability is inferred in connection with the provision of the Services by a court of justice or any other competent authority, this liability shall be limited to the amount corresponding to the eventual fee paid by the Client for the Services in connection with which the Client has incurred the loss.
The Platform is not responsible for its failure to provide the purchased Services if that failure occurs due to serious technical or operational reasons beyond the Platform’s control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection, pandemic, a threat to a large number of people or other force majeure events, and/or if the Platform is prevented from providing the Services as a result of any obligations imposed by law or a decision of a public authority.
The provisions of this clause are not intended to deprive the Client of the eventual Client’s Consumer right or other rights that cannot be excluded by law.
3.1. The Services are only intended for persons over the age of 18 residing in the country for which the Services are available.
3.2. By registering on the Website, the Client confirms being over 18 years of age. Should the Client be under 18 years of age, the Services may not be used.
3.3. The Client undertakes to access the Services solely from one of the countries for which the Services are available and are not prohibited by law.
3.4.The Services are not available to individuals residing in any of the Prohibited Jurisdictions. By accepting these T&C, the Client declares not being of nationality, located or residing in any of the Prohibited Jurisdictions, not being established or incorporated, or having a registered office in any of the Prohibited Jurisdictions, not being subject to the relevant international sanctions and not having a criminal record related to financial crime or terrorism.
3.5. In the event of the Client being of nationality, located or residing in any of the Prohibited Jurisdictions, being established or incorporated, or having a registered office in any of the Prohibited Jurisdictions, the Client will be prohibited from accessing or using the Services, and any attempt to do so will be deemed as a violation of these T&C.
3.6. The Platform reserves the right to update the list of Prohibited Jurisdictions in clause 1.1.12 at any time in accordance with clause 16.
4.1. The Services may be ordered through the Website by completing the Order Form. Any data entered in the Order Form may be checked, corrected, and amended until the binding order of the Services. The Platform will confirm the receipt of order of the Client to the email address of the Client, whereby the contract between the Client and the Platform is executed, the subject of which is the provision of the Services. If the Platform does not confirm the receipt of order to email address of the Client in accordance with the previous sentence of this clause, the order shall cease to be valid, and the contract shall not be concluded.
4.2. In case of the paid Services, the order is completed upon the completion of the Order Form and the payment of the fee for the selected Service (more on this in clauses 5.1 and 5.2), whereby the contract between the Client and the Platform is executed, the subject of which is the provision of the Services.
4.3. The Services contract is concluded in English, whereas the receipt of the order to the email address of the Client serves as a confirmation about conclusion of the Services contract. The T&C form an integral part of such a contract and by executing the contract with the Platform, the Client expresses agreement to the T&C.
4.4. After registration, the Platform will email to the Client the login details for the Client Section and/or the Trading Platform for the purposes of the access.
4.5. All data provided by the Client to the Platform must be complete, true, and up to date and in case of a change must be immediately updated in the Client Section. The Client acknowledges being responsible for all the provided data being accurate and up to date. The Platform is not obligated to verify the data.
4.6. The Client acknowledges that if the Client provides an identification number, tax registration number or other similar information to the Platform, or if the Client declares being a legal entity, the Client will be considered as an entrepreneur for the purposes of these T&C and when using the Services, and the provisions of these T&C or the applicable law that grant rights to Consumers will not apply to the Client.
4.7. The Client acknowledges that the operators of the Trading Platform are persons or entities different from the Platform and that their own terms and conditions and privacy policies will apply when using their services and products. Before sending the Order Form, the Client is obligated to read those terms and conditions and privacy policies.
4.8. Should the Client place an unusually large number of orders for the Services within an unreasonably short period of time, the Platform may notify the Client through the Client Section as a protective precaution to mitigate potentially harmful behavior of the Client. If such unreasonable behavior continues after such notice, the Platform reserves the right to suspend any further orders of the Services by the Client. If the Platform identifies that the unusual behavior as per this clause relates to the Client’s involvement in Prohibited Trading Practices, the Platform may take respective actions as perceived in clause 10. The Platform reserves the right to determine, at its own discretion, the nature of the behavior described above and reasonable boundaries for such determination.
5.1. The information on individual parameters and fees for the Services is provided to the Client via the Order Form.
5.2. The For Traders Challenges varies according to the option of the For Traders Challenge selected and depends on the Profit Targets, Max Daily Drawdowns, Max Overall Drawdowns, and Max Withdrawal Limit, the parameters that must be fulfilled so that the conditions of the For Traders Challenge are met, as described in the Order Form. The final fee for the Services will be determined based on the option the Client selects when completing the Order Form.
5.3. The Platform reserves the right to also provide the Services under individually agreed conditions. All individually agreed conditions shall be determined by the Platform at its own discretion. Individual discounts and other benefits may not be combined, unless expressly stipulated otherwise by the Platform.
5.4. The fee is paid for allowing the Client to access the Services. The Client is not entitled to a refund of the fee, for example, if the Client cancels the Client Section or requests the cancellation by email, if the Client terminates the use of the Services prematurely, fails to meet the conditions of the For Traders Challenge, or violates these T&C.
5.5. The amounts of fees for the Services are in US dollars. The fee can also be paid in other currencies that are listed on the Website. If the Client selects any other currency than the US dollar, the amount of the fee for the Service shall be converted by the rates of the Platform and shall automatically display the payment total in the chosen currency, so that the Client knows how much the Client is paying before the order confirmation. The Client acknowledges that if the payment is made in a currency other than the one the Client has chosen on the Website, the amount will be converted according to the current exchange rates valid at the time of payment.
5.6. Service fees are inclusive of all taxes. If the Client is an entrepreneur, the Client is obliged to fulfil all tax obligations in connection with the use of the Services in accordance with applicable law, and in the event of an obligation, the Client is obliged to pay tax or other fees properly.
5.7. The Client may pay the fee for the Services by a payment card, via a bank transfer, via crypto payment, or using other means of payment that are listed on the Website.
5.8. In the event of payment by a payment card, via a crypto payment or via any other express payment method, the payment shall be made immediately. If the Client selects a bank transfer for payment, the Client will be subsequently sent a proforma invoice in electronic form with the amount of the fee for the Services. The Client undertakes to pay the amount within the period specified in the proforma invoice. The fee is considered paid when its full amount is credited to the Platform’s account. If the Client does not pay the amount on time, the Platform is entitled to cancel the order. The Client bears all fees charged to the Client by the selected payment service provider (according to the valid pricelist of the payment service provider) in connection with the payment and the Client is obliged to ensure that the respective fee for the Service is paid in full.
6.1. The Client acknowledges that only one Client Section is permitted per one Client.
6.2. The total number of For Traders Challenges per one Client Section is limited by the sum of the max allocation as set out in clause 8.9 and clause 8.14. Unless the Platform grants an exception to the Client, the max allocation may not be transferred between the individual products or mutually combined. The Client may also not transfer or combine the performance, Services parameters, data, or any other information of the Client between the products.
6.3. Access to the Client Section and Trading Platform is protected by login data, which the Client may not make available or share with any third party. If the Client is registered as a legal entity, the Client may allow the use of the Services through the Client’s Client Section to the authorized employees and representatives appointed via the Client Section. The Platform bears no responsibility, and the Client is not entitled to any compensation, for any misuse of the Client Section, the Trading Platform, or any part of the Services, nor is the Platform responsible for any negative consequences thereof for the Client, if such misuse occurs for any reasons on the part of the Client.
6.4. The Client acknowledges that the Services may not be always available, particularly with respect to maintenance, upgrades, or any other reasons. In particular, the Platform bears no responsibility, and the Client is not entitled to any compensation, for the unavailability of the Client Section or the Trading Platform and for damage or loss of any data or other content that the Client uploads, transfers or saves through the Client Section or the Trading Platform.
6.5. Refund Policy Exceptions
6.5.1. The Client acknowledges and agrees that no refunds for the Trading Challenge will be issued under the following circumstances:
6.5.2. The Client understands that participating in the Trading Challenge involves risks, and the firm's inability to provide Services due to factors beyond its control, including but not limited to technical failures or regulatory changes, does not entitle the Client to any form of compensation or refund.
6.5.3. This clause shall survive any termination or expiration of this Agreement and shall apply to all participants in the Trading Challenge.
6.6. Change of Trading Platform
6.6.1. The Client acknowledges and agrees that the Platform reserves the right to change the Trading Platform provided to the Client at any time, should the current Trading Platform cease to be supported or available through the Platform. This may include situations where the current Trading Platform is discontinued, no longer meets the security or operational standards required by the Platform, or for any other reason that necessitates a change to maintain the quality and continuity of the Services.
6.6.2. In the event of such a change, the Platform will endeavor to provide the Client with reasonable notice and to transition the Client to a new Trading Platform with comparable features and functionalities, ensuring minimal disruption to the Client's trading activities.
6.6.3. The Client acknowledges that, while the Platform will make reasonable efforts to ensure a smooth transition, the Client may need to adapt to new interfaces, features, or functionalities associated with the new trading platform. The Platform is not liable for any loss or inconvenience incurred by the Client as a result of such changes or the adaptation process.
7.1. The Content is subject to legal protection pursuant to copyright laws and other legal regulations of intellectual property and shall remain the property of the Platform and/or Platform’s licensors.
7.2. The Platform grants to the Client limited, non-exclusive, non-transferable, non-assignable, non-passable and revocable permission to use the Content for the purpose of using the Services and other non-commercial use in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to the Client and remains the property of the Platform and/or the Platform’s licensors.
7.3. All trademarks, logos, trade names, and other signs and designations are the property of the Platform and/or Platform’s licensors, and the Platform does not grant to the Client any authorization to exploit them.
7.4. When accessing the Services and other Content, the Client shall not:
7.5. The Content is provided “as is” without any warranties or representations as to its suitability and for informational purposes only. The Client agrees that use of the Content is at the sole risk and responsibility of the Client and that the Platform shall have no liability or responsibility for the Client’s use.
7.6. The provisions of clause 7 are not intended to deprive the Client of the eventual Client’s Consumer rights which cannot be excluded by law.
7.7. Except for the rights expressly set out in these T&C, the Platform does not grant to the Client any rights relating to the Services and other Content. The Client may only use the Services and other Content as set out in these T&C.
8.1. After paying the fee for the selected option of the For Traders Challenge, the Client will receive the relevant login data for the Trading Platform at the e-mail address provided by the Client or in the Client Section.
8.2. The Client activates the For Traders Challenge by opening the first demo trade in the Trading Platform. If the Client does not activate the For Traders Challenge within 30 calendar days of the date on which it was made available to the Client, the Client’s access to it will be suspened.
8.3. The Client may also order the For Traders Trial, which has the same parameters as the For Traders Challenge, except that the progress does not count towards the progression through the For Traders Challenge. The For Traders Trial is provided by the Platform for free.
Two-Step For Traders Challenge
8.4. The time limit for the Two-Step For Traders Challenge Phase 1 and the Two-Step For Traders Challenge Phase 2 is set out in the Order Form.
8.5. For the Client to meet the conditions of the Two-Step For Traders Challenge Phase 1, the Client must fulfil all of the following parameters at the same time by the end of the Two-Step For Traders Challenge Phase 1:
8.6. If the Client has met the conditions of the Two-Step For Traders Challenge Phase 1 specified in clause 8.5, and at the same time has not violated these T&C, in particular the rules of demo trading under clause 9, the Platform will evaluate the Two-Step For Traders Challenge Phase 1 as successful and will make the Two-Step For Traders Challenge Phase 2 available to the Client free of charge by sending login details to the Client’s e-mail address or the Client Section or via other means listed on the Website. The Client may request the evaluation of the Two-Step For Traders Challenge Phase 1 at any time by sending a request in the form of e-mail addressed to support@fortraders.com, via the Client Section or via other means listed on the Website. The Platform does not have to evaluate the Two-Step For Traders Challenge Phase 1 if the Client has not closed all demo trades.
8.7. The Client activates the Two-Step For Traders Challenge Phase 2 by opening the first demo trade in the Trading Platform. If the Client does not activate the Two-Step For Traders Challenge Phase 2 within 30 calendar days from the day on which the Client received the new login data, the Client’s access to the Two-Step For Traders Challenge Phase 2 will be suspended. The Client may request the renewal of access by sending an e-mail to support@fortraders.com, via the Client Section, or via other means listed on the Website within 6 months of the suspension, otherwise the Platform will terminate the provision of the Two-Step For Traders Challenge without any right to a refund.
8.8. For the Client to meet the conditions of the Two-Step For Traders Challenge Phase 2, the Client must fulfil all of the following parameters at the same time by the end of the Two-Step For Traders Challenge Phase 2:
8.9. For the Client to meet the conditions of the Two-Step For Traders Challenge Phase 2, the Client shall comply with the following:
If the above conditions are met, the Platform will evaluate the Two-Step For Traders Challenge Phase 2 as successful and will recommend the Client as a candidate for the For Traders Member Program. The Client may request the evaluation of the Two-Step For Traders Challenge Phase 2 at any time by sending a request in the form of e-mail addressed to support@fortraders.com, a request via the Client Section or via other means listed on the Website. The Platform does not have to evaluate the Two-Step For Traders Challenge Phase 2 if the Client has not closed all demo trades.
8.10. If during the Two-Step For Traders Challenge Phase 1 the Client does not comply with any of the conditions specified in clause 8.5, the Platform will evaluate the Two-Step For Traders Challenge Phase 1 as unsuccessful, and the Client will not be allowed access to the Two-Step For Traders Challenge Phase 2. If during the Two-Step For Traders Challenge Phase 2 the Client does not comply with any of the conditions specified in clause 8.8, the Platform will evaluate the Two-Step For Traders Challenge Phase 2 as unsuccessful, and the Client will not be recommended as a candidate for the For Traders Member Program.
8.11. The Platform recommending the Client as a candidate for the For Traders Member Program in no way guarantees the Client’s acceptance into the For Traders Member Program. The Platform is not responsible for the Client being rejected by the For Traders Member Program for any or no reason.
Two-Step For Traders Challenge PRO
8.12.For the Client to meet the conditions of the Two-Step For Traders Challenge PRO Phase 1, the Client must fulfill all of the following parameters at the same time by the end of the Two-Step For Traders PRO Challenge Phase 1:
8.13.If the Client has met the conditions of the Two-Step For Traders Challenge PRO Phase 1 specified in clause 8.12, and at the same time has not violated these T&C, in particular the rules of demo trading under clause 9, the Platform will evaluate the Two-Step For Traders Challenge PRO Phase 1 as successful and will make the Two-Step For Traders Challenge PRO Phase 2 available to the Client free of charge by sending login details to the Client’s e-mail address or the Client Section or via other means listed on the Website. The Client may request the evaluation of the Two-Step For Traders Challenge PRO Phase 1 at any time by sending a request in the form of e-mail addressed to support@fortraders.com, via the Client Section or via other means listed on the Website. The Platform does not have to evaluate the Two-Step For Traders Challenge PRO Phase 1 if the Client has not closed all demo trades.
8.14.The Client activates the Two-Step For Traders Challenge PRO Phase 2 by opening the first demo trade in the Trading Platform. If the Client does not activate the Two-Step For Traders Challenge PRO Phase 2 within 30 calendar days from the day on which the Client received the new login data, the Client’s access to the Two-Step For Traders Challenge PRO Phase 2 will be suspended.
8.15.For the Client to meet the conditions of the Two-Step For Traders Challenge PRO Phase 2, the Client must fulfill all of the following parameters at the same time by the end of the Two-Step For Traders Challenge PRO Phase 2:
8.16.For the Client to meet the conditions of the Two-Step For Traders Challenge PRO Phase 2, the Client shall comply with the following:
8.17. The Daily Profit Cap is set at 2% of the initial balance for the Client in both the Two-Step For Traders Challenge PRO Phase 1 and the Two-Step For Traders Challenge PRO Phase 2. The Daily Pause is set at 3% of the initial balance for the Client in both the Two-Step For Traders Challenge PRO Phase 1 and the Two-Step For Traders Challenge PRO Phase 2. Reaching the limit will result in a temporary pause of the demo account. The demo account will resume automatically at 16:00 CST the following day, with the reactivation time displayed on the Client's dashboard.
If the above conditions are met, the Platform will evaluate the Two-Step For Traders Challenge PRO Phase 2 as successful and will recommend the Client as a candidate for the For Traders Member Program. The Client may request the evaluation of the Two-Step For Traders Challenge PRO Phase 2 at any time by sending a request in the form of e-mail addressed to support@fortraders.com, a request via the Client Section or via other means listed on the Website. The Platform does not have to evaluate the Two-Step For Traders Challenge PRO Phase 2 if the Client has not closed all demo trades.
8.18.If during the Two-Step For Traders Challenge PRO Phase 1 the Client does not comply with any of the conditions specified in clause 8.13, the Platform will evaluate the Two-Step For Traders Challenge PRO Phase 1 as unsuccessful, and the Client will not be allowed access to the Two-Step For Traders Challenge PRO Phase 2. If during the Two-Step For Traders Challenge PRO Phase 2 the Client does not comply with any of the conditions specified in clause 8.16, the Platform will evaluate the Two-Step For Traders Challenge PRO Phase 2 as unsuccessful, and the Client will not be recommended as a candidate for the For Traders Member Program.
One-Step For Traders Challenge
8.20. The time limit for the One-Step For Traders Challenge is set out in the Order Form.
8.21. For the Client to meet the conditions of the One-Step For Traders Challenge, the Client must fulfil all of the following parameters at the same time by the end of the One-Step For Traders Challenge:
8.22. For the Client to meet the conditions of the One-Step For Traders Challenge, the Client shall comply with the following:
If the above conditions are met, the Platform will evaluate the One-Step For Traders Challenge as successful and will recommend the Client as a candidate for the For Traders Member Program. The Client may request the evaluation of the One-Step For Traders Challenge at any time by sending a request in the form of e-mail addressed to support@fortraders.com, a request via the Client Section or via other means listed on the Website. The Platform does not have to evaluate the One-Step For Traders Challenge if the Client has not closed all demo trades.
8.23. If during the One-Step For Traders Challenge the Client does not comply with any of the conditions specified in clause 8.21, the Platform will evaluate the One-Step For Traders Challenge as unsuccessful, and the Client will not be recommended as a candidate for the For Traders Member Program.
8.24. The Platform recommending the Client as a candidate for the For Traders Member Program in no way guarantees the Client’s acceptance into the For Traders Member Program. The Platform is not responsible for the Client being rejected by the For Traders Member Program for any or no reason.
9.1. During the demo trading on the Trading Platform, the Client may perform any demo trades, unless these constitute Prohibited Trading Practices within the meaning of clause 10.1. Moreover, the Client agrees to follow good market standard rules and practices for trading on financial markets. Restrictions may also be imposed by the trading conditions of the Trading Platform that the Client selected for trading.
9.2. The Client acknowledges that the Platform has access to information about the demo trades that the Client performs on the Trading Platform. The Client grants the Platform consent to share such information with persons/entities who are in a group with the Platform or who are otherwise affiliated with the Platform, and the Client grants the Platform and these persons/entities consent and authorization to handle this information at their own will. The Client acknowledges that it is possible for the Client to suspend demo trading on the Trading Platform at any time.
9.3. The Platform bears no responsibility for the information displayed on the Trading Platform, nor for any interruption of, or delay or inaccuracy in the market information displayed through the Client Section.
10.1. During the demo trading, the Client shall not:
10.2. The Client agrees that all the For Traders Challenges are for the Client’s personal use only, meaning that only the Client may access the Client’s account and perform demo trades. For that reason, the Client agrees not to:
The Client acknowledges that if the Client acts or behaves in contradiction with the aforesaid, the Platform will consider such action/behavior as a Prohibited Trading Practice.
10.3. The Client shall not exploit the For Traders Challenge by performing demo trades without applying market standard risk management rules for trading on financial markets, this includes, among others, the following practices:
The Platform reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Prohibited Trading Practices.
10.4. If the Client engages in any of the Prohibited Trading Practices
10.5. In case when any of the Prohibited Trading Practices are executed on one or more Client’s accounts of one Client, or Client’s accounts of various Clients, or by combining trading through Client’s account and For Traders Member Program account, then the Platform is entitled to cancel all Services and terminate all respective contracts related to any Client’s account and/or apply other measures in clause 10.4. The Client acknowledges that the Platform may exercise any and all actions in clauses 10.4 and 10.5 at its own discretion.
10.6. If any Client’s accounts were used for or were involved in the Prohibited Trading Practices, this may constitute a breach of respective terms and conditions for user accounts with a third-party provider and may result in cancellation of all such user accounts and termination of respective agreements by a third-party provider.
10.7. If the Client engages in any of the practices described in clause 10.1 repeatedly, and the Platform has previously notified the Client thereof, the Platform may prevent the Client from accessing all Services or their parts, including access to the Client Section and the Trading Platform, without any compensation. In such a case, the Client is not entitled to a refund of the fees paid.
10.8. The Platform shall not bear any responsibility for trading or other investment activities performed by the Client outside the relationship with the Platform, for example by using data or other information from the Client Section, the Trading Platform, or otherwise related to the For Traders Challenge in real trading on financial markets, not even if the Client uses for such trading the same Trading Platform that the Client uses for demo trading.
11.1 If the Client is successful in the For Traders Challenge, the Client may be offered an agreement by a third-party provider. The terms, conditions, and agreement between the Client and a third-party provider are strictly between the Client and a third-party provider. The Platform is in no way involved with the For Traders Member Program agreement entered into between a third-party provider and the Client. The Client acknowledges that the personal data of the Client may be shared with a third-party provider for purposes of considering offering the For Traders Member Program agreement
12.1. After paying the fee for the For Traders Academy (if applicable) or pursuant to the purchase of the For Traders Challenge, the Client will be provided with the For Traders Academy in the Client Section.
12.2. The For Traders Academy consists of features supporting the Client’s knowledge base for the virtual trading within the For Traders Challenge.
13.1. The Client acknowledges that all communication from the Platform or its partners in connection with the provision of the Services shall take place through the Client Section, the e-mail address of the Client, which the Client registered with the Platform or via other means listed on the Website. Written electronic communication by e-mail, via the Client Section or via other means listed on the Website is also considered to be written communication.
13.2. The contact e-mail address of the Platform is support@fortraders.com and the contact address is Unit No: 1210, Gold Crest Executive, Plot No: JLT-PH1-C2A, Jumeirah Lakes Towers, Dubai, UAE.
13.3. The Platform shall resolve any complaint of the Client as soon as possible (no later than within 30 calendar days), and the Platform will confirm its receipt and settlement to the Client in writing. If the complaint is not settled in time, the right to withdraw from the contract arises for the Client. A complaint may be filed by sending an e-mail to the e-mail address of the Platform – support@fortraders.com, to the contact address – Unit No: 1210, Gold Crest Executive, Plot No: JLT-PH1-C2A, Jumeirah Lakes Towers, Dubai, UAE, via the Client Section or via other means listed on the Website.
13.4. If the Services do not correspond to what was agreed or have not been provided to the Client, the Client’s rights from defective performance may be exercised. The Platform does not provide any guarantee for the quality of the Services. Defect must be notified without undue delay at the e-mail address of the Platform – support@fortraders.com, at the contact address – Unit No: 1210, Gold Crest Executive, Plot No: JLT-PH1-C2A, Jumeirah Lakes Towers, Dubai, UAE, via the Client Section or via other means listed on the Website. When exercising the rights from defective performance, the Client may request that the remedy of the defect or the provision of the Client with a reasonable discount. If the defect cannot be remedied, the Client may withdraw from the contract or claim a reasonable discount.
If the Client is a Consumer, the Client acknowledges that, by opening the first demo trade, the Client gives consent to the Platform to commencement of the Services before the expiry of the 14-day period for withdrawal from the contract. Furthermore, the Client expressly acknowledges that by giving such consent, the Client cannot withdraw from the contract within the 14-day withdrawal period, the right to withdraw from the contract is thereby extinguished. If the subject of the contract between the Platform and the Client is not supply of digital content and if the Client is a Consumer, the Client has the right to withdraw from a contract without giving a reason within 14 days of its execution via an e-mail address support@fortraders.com, via the Client Section or via other means listed on the Website within the specified time limit. The Platform will confirm the receipt of the form to the Client in text form without undue delay. If the Client withdraws from the contract, the Platform will refund the Client without undue delay (no later than 14 days after the withdrawal from the contract) all fees received from the Client, in the similar manner in which the Client paid them.
15.1. If the Client has any complaints or suggestions, they may be resolved with the Platform directly via the e-mail address support@fortraders.com, via other means listed on the Website or via the Client Section.
15.2. If the Client is a Consumer, who is an EU-resident, the Client has the right for the out-of-court settlement of consumer disputes available in the country of residence of the Client. The Client may also use the platform at the following website to resolve disputes online: https://www.ec.europa.eu/consumers/odr. For more information on the Consumer rights, dispute settlement help or information on contacts in the home country of the Client, the Client may visit the web sites of the European Consumer Centres Network at https://commission.europa.eu/live-work-travel-eu/consumer-rights-and-complaints/resolve-your-consumer-complaint/european-consumer-centres-network-ecc-net_en.
16.1. The Platform reserves the right to change the T&C at any time with immediate effect for new Clients and newly placed orders of the Services by the existing Clients. The Platform will notify the existing Clients of the change to the T&C by e-mail, via the Client Section or via other means listed on the Website. The Services are provided throughout the period of their duration pursuant to the version of the T&C which was valid and effective at the time at which the relevant Service was ordered.
17.1. Any legal relations established by these T&C or related to them, as well as any related non-contractual legal relations, shall be governed by the laws of the Czech Republic. Any dispute that may arise in connection with these T&C and/or related agreements will fall within the jurisdiction of the Czech court having local jurisdiction according to the registered office of the Platform.
17.2. The provisions of clause 17.1 do not deprive the Consumers of the protection afforded to them by the mandatory laws of the relevant Member State of the European Union or any other jurisdiction.
18.1.Authority to Initiate Verification Calls: Our Risk Department may, at its discretion, initiate verification video calls as a proactive measure to secure our platform and the services rendered. Clients or Contractors identified for such verification will receive prior email notification regarding the requirements and scheduling of these video calls.
18.2. Compliance Obligation: Participation in verification video calls is mandatory when requested by our Risk Department. Non-compliance with such a request may lead to immediate suspension or termination of the Client’s or Contractor’s account, as determined necessary by the Company to uphold the security and integrity of our operations.
18.3. Evaluation and Confidential Handling of Information: These verification video calls will be conducted under strict confidentiality, aligned with our Privacy Policy. Our Risk Department will evaluate the information collected during these calls solely for verification purposes. All personal data gathered will be treated with the utmost discretion and used strictly within the boundaries prescribed by applicable data protection regulations.
18.4. Recording and Consent: For the purposes of quality assurance and compliance, these verification video calls are recorded. Clients and Contractors are required to consent to this practice prior to the commencement of any verification video call.
18.5. Right to Amend Procedures: The Company retains the right to alter the procedures and requirements pertaining to verification video calls at any time, in response to evolving legal, security, or operational considerations.
19.1. If the Client violates any provision of these T&C in a manner that may cause any harm to the Platform, the Platform may prevent the Client from ordering any other Services and restrict the Client’s access to the Services, including access to the Client Section and the Trading Platform, without any prior notice and without any compensation. If such violation constitutes a material breach of the contract by the Client, the Platform is entitled to immediately withdraw from the contract.
19.2. The Platform reserves the right to cancel all Services and terminate all respective contracts related to any Client’s account at its own discretion and at any time. Should the Platform act in accordance with this clause, the Client is entitled to a refund of any fees paid for the currently activated Services or the Services that are yet to be activated.
19.3. Both the Client and the Platform undertake to act in accordance with the principles of fair dealing in the performance of the contract and in mutual negotiations and, in particular, not to damage the good reputation and legitimate interests of the other party. The Client and the Platform will resolve any possible disagreements or disputes between them in accordance with these T&C and the applicable law.
19.4. These T&C constitute the complete terms and conditions agreed between the Client and the Platform and supersede all prior agreements relating to the subject matter of the T&C, whether verbal or written.
19.5. Prior to the mutual acceptance of these T&C, the Platform and the Client have carefully assessed the possible risks arising from them and accepted those risks.
19.6. Nothing in these T&C is intended to limit any legal claims set out elsewhere in these T&C or arising from the applicable law. If the Platform or any third party authorized thereto does not enforce the compliance with these T&C, this can in no way be construed as a waiver of any right or claim.
19.7. If any provision of the T&C is found to be invalid or ineffective, it shall be replaced by a provision whose meaning is as close as possible to the invalid provision. The invalidity or ineffectiveness of one provision shall not affect the validity of the other provisions. No past or future practice established between the Platform and the Client and no custom maintained in general or in the industry relating to the subject-matter of the performance, which is not expressly referred to in the T&C, shall be applied and no rights and obligations shall be derived from them for the Platform and the Client; in addition, they shall not be taken into account in the interpretation of manifestations of the will of the Platform and the Client.
19.8. The Platform may assign any claim arising to the Platform from these T&C or any contract to a third party without the consent of the Client. The Client agrees that the Platform may, as the assignor, transfer its rights and obligations under these T&C or any agreement or parts thereof to a third party. The Client is not authorized to transfer or assign the Client’s rights and obligations under these T&C or any agreements or parts thereof, or any receivables arising from them, in whole or in part, to any third party.
19.9. The Platform has not adopted any Consumer codes of conduct.
19.10. These T&C shall enter into force and effect on 01/09/2024
