FXP Term of services

These Terms of Service (“Terms”) set forth the legal terms and conditions governing your access to and use of the FXP platform and services (“Services”), offered by FXP (“Company”, “we”, “us”, or “our”).

By accessing or using the Services, you acknowledge that you have read, understood, and agree to be fully bound by these Terms. If you do not agree, you must not use the Services.

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1. User Eligibility

You must be at least 18 years old and legally capable of entering into a binding agreement.

The Company reserves the right to refuse access to any user at its sole discretion.

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2. Nature of Services

FXP provides simulated trading evaluation services. Unless explicitly stated, no real funds are allocated.

Nothing in the Services constitutes:

– Investment advice
– Brokerage services
– Financial recommendations

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3. Account Creation

You agree to provide accurate, complete, and updated information.

FXP reserves the right to:

– Approve or reject any account
– Request verification documents at any time
– Suspend accounts pending verification

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4. Trading Rules & Conduct

Users must comply with all trading rules communicated on the platform, including but not limited to:

– Maximum drawdown limits
– Daily loss limits
– Consistency rules
– Trailing drawdown (for promotional challenges)

Prohibited Conduct

The following are strictly prohibited:

– Gambling behavior (e.g., all-in trades, excessive risk-taking)
– Martingale, grid, or risk-stacking strategies
– Latency arbitrage or exploitative trading
– Use of multiple accounts to bypass rules
– Copy trading or coordinated strategies

The Company reserves the right to determine, at its sole discretion, whether trading behavior is abusive, non-professional, or in violation of these Terms.

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5. Risk Control & Trade Adjustments

The Company reserves the right to:

– Invalidate or adjust any trade
– Modify account metrics
– Cancel profits

if activity is deemed inconsistent with fair trading conditions, system integrity, or internal risk policies.

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6. Fees and Payments

All fees are non-refundable unless explicitly stated otherwise.

Promo challenges are subject to additional rules, including trailing drawdown and consistency requirements.

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7. Failure and Retest Policy

In case of failure at Step 1 or Step 2, candidates may restart from Step 1 under the free retest policy, subject to compliance with all rules.

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8. Reward (Payout) Terms

Rewards are not guaranteed.

Payouts:

– Can be requested every 24 hours after first trade on funded account
– Are subject to full compliance with all rules
– Are subject to internal review, fraud checks, and risk validation

The Company reserves the right to:

– Delay, adjust, or deny payouts
– Request additional verification

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9. Account Suspension and Termination

The Company reserves the unilateral right to suspend, restrict, or terminate any account at any time, with or without prior notice.

This includes, but is not limited to:

– Rule violations
– Suspicious or abusive activity
– Risk management concerns
– Compliance requirements

Upon termination:

– Accounts may be closed immediately
– Positions may be liquidated
– Profits and pending payouts may be voided

The user waives any claim against the Company arising from such actions.

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10. Multi-Account & Abuse Prevention

Users may not:

– Operate multiple accounts to circumvent rules
– Use third parties to trade on their behalf
– Transfer or sell accounts

The Company may use technical and behavioral analysis to detect violations.

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11. Intellectual Property Rights

All intellectual property related to the Services remains the exclusive property of the Company.

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12. Liability Limitations

To the fullest extent permitted by law, the Company shall not be liable for:

– Loss of profits
– Platform interruptions
– Technical errors
– Indirect or consequential damages

Use of the Services is at your own risk.

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13. Indemnity Agreement

You agree to defend, indemnify, and hold harmless the Company from any claims, damages, or expenses arising from:

– Your use of the Services
– Your violation of these Terms

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14. Jurisdiction and Governing Law

These Terms shall be governed by the laws of a jurisdiction selected by the Company.

Any disputes shall be resolved exclusively in courts determined by the Company.

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15. Modifications to Terms

The Company may revise these Terms at any time without notice. Continued use constitutes acceptance.

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Contact Information

fxpsupport@firmxchange.com

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Effective Date

These Terms are effective as of January 1, 2024.