Terms & Conditions

These Cyber Funded General Terms and Conditions (the “GTC”) govern the rights and obligations relating to the use of the services provided by Cyber Funded S.R.L. (the “Services”), offered primarily through the website https://cyberfunded.com (the “Website”). Please read these GTC carefully. You are not required to use the Services if you do not agree with, or do not understand, any part of these Terms, and you should not use the Services unless you understand and accept them.

1. INTRODUCTORY PROVISIONS

1.1

These GTC govern your rights and obligations (“you”, “your”, or the “Client”) in relation to the use of the Services provided by Cyber Funded S.R.L., with registered office at Via Domenico Berra no. 8, Milan (Italy) 20132, Tax Code and Companies Register no. 14310390969, REA no. MI – 2773765.

1.2

By registering on the Website or, where registration is not required, no later than your first use of the Services, you enter into a contract with the Provider, the subject matter of which is the provision of the Services you have selected. The GTC form an integral part of such contract and, by concluding the contract with the Provider, you consent to these GTC.

1.3

The Services are intended exclusively for persons over 18 years of age who reside in the country for which the Services are available. By registering on the Website, you confirm that you are over 18 years old. If you are under 18, you may not use the Services. You undertake to access the Services exclusively from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in certain countries and you undertake to access and use the Services only in compliance with applicable laws.

1.4

The Provider will not provide Services to a Client who: has nationality or resides in Restricted Jurisdictions; is established or incorporated, or has a registered office in Restricted Jurisdictions; is subject to relevant international sanctions; or has criminal records relating to financial crimes or terrorism. “Restricted Jurisdictions” means the countries determined as such by the Provider and published here on the Website. The Provider reserves the right to refuse, restrict, or terminate the provision of any Service to the Client pursuant to this Clause 1.4, and such Client is prohibited from using the Services, including use of the Client Section and/or the Trading Platform.

1.5

The Services consist of providing the tools necessary to simulate trading on Forex, digital currencies, commodities and indices through training and educational materials and demo tools available via access to the Client Section and other ancillary services, in particular through the Client Section or by providing access to applications provided by the Provider or third parties. Simulated trading uses financial market information; however, you acknowledge that any trading you perform through the Services is not real. You further acknowledge that the funds made available to you for demo trading are fictitious and that you have no right to own such fictitious funds beyond their use within the Services and, in particular, that they cannot be used for any actual trading and you are not entitled to payment of such funds. Unless expressly agreed otherwise, you will not be paid any compensation or profit based on the results of your simulated trading, nor will you be required to pay any losses.

1.6

NONE OF THE SERVICES PROVIDED TO YOU BY THE PROVIDER MAY BE CONSIDERED AN INVESTMENT SERVICE UNDER APPLICABLE LAWS. THE PROVIDER DOES NOT PROVIDE YOU WITH ANY GUIDANCE, INSTRUCTION OR INFORMATION AS TO HOW OR IN WHAT MANNER YOU SHOULD EXECUTE TRANSACTIONS WHEN USING THE SERVICES OR OTHERWISE, NOR ANY OTHER SIMILAR INFORMATION REGARDING THE TRADED INVESTMENT INSTRUMENTS, NOR DOES THE PROVIDER ACCEPT FROM YOU ANY SUCH GUIDANCE, INSTRUCTION OR INFORMATION. NONE OF THE SERVICES CONSTITUTES INVESTMENT ADVICE OR AN INVESTMENT RECOMMENDATION. NO EMPLOYEE, STAFF MEMBER OR REPRESENTATIVE OF THE PROVIDER IS AUTHORISED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. IF ANY INFORMATION OR STATEMENT BY ANY EMPLOYEE, STAFF MEMBER OR REPRESENTATIVE OF THE PROVIDER IS INTERPRETED AS INVESTMENT ADVICE OR A RECOMMENDATION, THE PROVIDER EXPRESSLY DECLARES THAT IT DOES NOT CONSTITUTE INVESTMENT ADVICE OR A RECOMMENDATION AND THE PROVIDER SHALL NOT BE LIABLE FOR IT.

1.7

Your personal data is processed in accordance with the Privacy Policy.

1.8

The meaning of the definitions, expressions and abbreviations used in these GTC is set out in Clause 19.

2. SERVICES AND ORDERING

2.1

You may order the Services through the Website by completing the relevant registration or order form. After registration, we will send you by email the access credentials to the Client Section and/or the Trading Platform and enable you to access them.

2.2

The Services include Cyber Funded Challenge and Verification; such products may differ in the scope of the Services provided (e.g., in the analytical tools available to the Client). With the Free Trial, you may use some of the Services within a limited scope and for a limited period free of charge.

2.3

All data you provide to us via the registration or order form, the Client Section, or otherwise must be complete, truthful and up to date. You must immediately inform us of any changes to your data or update the data in your Client Section. The Client is responsible for the accuracy and updating of all data provided; the Provider is not obliged to verify it.

2.4

You acknowledge that if you enter an identification number, tax registration number or similar information in the registration or order form or in the Client Section, or if you state that you are a legal entity, you will be considered a business user (trader) for the purposes of these GTC and in using the Services, and the provisions of these GTC or applicable law granting consumer rights will not apply to you.

2.5

The fee for the Cyber Funded Challenge varies depending on the option selected and depends on the amount of initial capital, the acceptable risk level, the parameters that must be met to satisfy the conditions of the Cyber Funded Challenge and the subsequent Verification, and possibly other settings. More detailed information on the individual options and related fees is provided here on our Website. The final fee will be determined based on the option you select when completing the form to order the Cyber Funded Challenge. The Provider reserves the right to provide the Services also on individually agreed terms. All individually agreed terms shall be determined at the Provider’s discretion. Individual discounts and other benefits may not be combined, unless expressly provided otherwise by the Provider.

2.6

The fee is paid to allow you access to the Cyber Funded Challenge, or to the Services provided within the Cyber Funded Challenge. The Client is not entitled to a refund of the fee, for example, if the Client cancels the Client Section or requests its deletion by email, if the Client stops using the Services or terminates the contract (e.g., does not complete the Cyber Funded Challenge or Verification), fails to meet the conditions of the Cyber Funded Challenge or Verification, or breaches these GTC.

2.7

If the Client makes an unjustified complaint regarding the fee paid or disputes the fee with its bank or payment service provider (e.g., through chargeback, dispute services or similar), resulting in a request to cancel, revoke or refund the fee or part thereof, the Provider is entitled, at its discretion, to stop providing any service to the Client and refuse any future provision of services.

2.8

Your choice of the Cyber Funded Challenge option selected at the time of the order will also apply to the subsequent Verification. You will begin the subsequent Verification and, where applicable, other related products, with the parameters and the same currency corresponding to the Cyber Funded Challenge option you selected. Once selected, it cannot be changed.
If you are ordering a new Cyber Funded Challenge, the limitations specified in this Clause 2.8 do not apply.

2.9

The Provider reserves the right to unilaterally change at any time the fees and parameters of the Services, including the parameters for their successful completion. The change does not affect Services purchased prior to notification of the change.

2.10

Any data entered in the order form may be verified, corrected and modified until the binding order of the Services. The order of the Services you selected is made by submitting the order form. The Provider will immediately confirm receipt of your order to your email address. In the case of the Cyber Funded Challenge, the order is completed upon payment of the fee for the selected option (see further details in Clause 3.4), upon which the contract between you and the Provider is concluded, the subject matter of which is the provision of the Cyber Funded Challenge and, if the conditions of the Cyber Funded Challenge are met, the Verification. The contract is concluded in Italian. We store the contract electronically and do not provide access to it.

2.11

You acknowledge that, in order to use our Services, you must obtain at your own risk and expense appropriate technical equipment and software, including third-party software (e.g., software for using the Trading Platform). The Website is accessible via commonly used web browsers. Internet access, the purchase of equipment and web browser and its updates are at your own risk and expense. The Provider does not guarantee that the Services are compatible with any specific equipment or software. The Provider does not charge any additional fees for the Internet connection.

2.12

You acknowledge that the operators of trading platforms are persons or entities different from the Provider and that, when using their services and products, their terms and conditions and privacy policies apply. Before submitting an order form, you are obliged to read such terms and conditions and privacy policies.

2.13

If the Client places an unusually high number of orders for Services within an unreasonably short period, the Provider may notify the Client via the Client Section as a protective measure to mitigate potentially harmful behaviour. If such unreasonable behaviour continues after such notice, we reserve the right to suspend any further ordering of Services by the Client. If we determine that the unusual behaviour in this paragraph is connected to the Client’s involvement in Prohibited Trading Practices, we may take the relevant actions as provided in Section 5 of these GTC. The Provider reserves the right to determine, at its discretion, the nature of the behaviour described above and the reasonable limits for such determination.

3. PAYMENT TERMS

3.1

The fees for the Cyber Funded Challenge options are in euros or US dollars. If you select a currency other than euro, the fee amount for the selected Cyber Funded Challenge option will be converted according to our rates and the total payment will be automatically shown in the currency you chose, so you know how much you are paying before confirming the order. The Client acknowledges that, if payment is made in a currency different from the currency selected by the Client on the Website, the amount will be converted based on the current exchange rates applicable at the time of payment.

3.2

Service fees include all taxes. If the Client is a business user (trader), the Client must fulfil all tax obligations related to the use of our Services under applicable law and, where required, must properly pay taxes or other charges.

3.3

You may pay the fee for the selected Cyber Funded Challenge option by payment card, by bank transfer, or using other payment methods currently offered by the Provider on the Website.

3.4

In the case of payment by payment card or any other immediate payment method, payment must be made immediately. If you select bank transfer, we will subsequently send you an electronic pro forma invoice with the fee amount for the Cyber Funded Challenge option you selected on the Website. You undertake to pay the amount within the period specified in the pro forma invoice. The fee is deemed paid when its full amount is credited to the Provider’s account. If you do not pay on time, the Provider has the right to cancel your order. The Client bears all fees charged to the Client by the selected payment service provider (according to the payment service provider’s valid price list) in relation to the transaction, and the Client is obliged to ensure that the relevant Cyber Funded Challenge fee is paid in full.

4. CLIENT SECTION AND TRADING PLATFORM

4.1

Only one Client Section per Client is permitted and all Client Services must be maintained in the Client Section.

4.2

The total number of Cyber Funded Challenges and Verifications per Client Section may be limited depending on the aggregate sum of initial capital amounts of products ordered by the Client or based on other parameters. Unless the Provider grants an exception, initial capital amounts may not be transferred between individual products or combined. In addition, you may not transfer or combine your performance, Service parameters, data or any other information between products.

4.3

Access to the Client Section and the Trading Platform is protected by access credentials, which the Client may not make available or share with third parties. If the Client registered as a legal entity, the Client may allow the use of the Services through its Client Section to authorised employees and representatives. The Client is responsible for all activities performed through its Client Section or Trading Platform. The Provider assumes no liability and the Client is not entitled to any compensation for any misuse of the Client Section, Trading Platform or any part of the Services, nor is the Provider liable for any negative consequences for the Client if such misuse occurs for any reason by the Client.

4.4

The Client acknowledges that the Services may not be available 24/7, in particular due to maintenance, updates or other reasons. In particular, the Provider assumes no liability and the Client is not entitled to any compensation for unavailability of the Client Section or Trading Platform and for damage to or loss of any data or other content that the Client uploads, transfers or stores via the Client Section or Trading Platform.

4.5

The Client may at any time request deletion of the Client Section by sending an email to support@cyberfunded.com. Submitting a request to delete the Client Section is considered a request by the Client to terminate the contract, upon which the Client will no longer be entitled to use the Services, including the Client Section and the Trading Platform. The Provider will immediately confirm receipt of the request to the Client by email, by which the contractual relationship between the Client and the Provider will be terminated. In such case, the Client is not entitled to any refund of fees already paid or costs otherwise incurred.

5. RULES FOR DEMO TRADING

5.1

During demo trading on the Trading Platform, you may perform any transaction unless it constitutes a prohibited trading strategy or practice under Clause 5.4. You also agree to follow standard market rules and practices for trading in financial markets (e.g., risk management rules). Restrictions may also be imposed by the trading conditions of the Trading Platform you selected.

5.2

You acknowledge that the Provider has access to information about the demo trades you perform on the Trading Platform. You grant the Provider your consent to share such information with persons/entities that are part of the Provider’s group or otherwise affiliated with it, and you grant the Provider and such persons/entities your consent and authorisation to process such information at their discretion. You agree that such activities may be carried out automatically without any further consent, consultation or approval from you, and that you are not entitled to any compensation or proceeds associated with the Provider’s use of the data. The Provider acknowledges that you do not provide it with investment advice or recommendations through your demo trading. You acknowledge that you may stop your demo trading on the Trading Platform at any time.

5.3

The Provider assumes no responsibility for information displayed on the Trading Platform, nor for any interruptions, delays or inaccuracies in the market information shown through your Client Section.

5.4 PROHIBITED TRADING PRACTICES

5.4.1 DURING DEMO TRADING IT IS PROHIBITED TO:

(a) knowingly or unknowingly use trading strategies that exploit errors in the Services such as pricing display errors or delays in their updates;
(b) place trades using an external or slow data feed;
(c) place, alone or in concert with other persons, including across linked accounts or accounts held with different Cyber Funded entities, trades or combinations of trades whose purpose is to manipulate trading, e.g. by simultaneously entering opposing positions;
(d) trade in breach of the Provider’s and the Trading Platform’s terms and conditions;
(e) use any software, artificial intelligence, ultra-high speed or mass data entry that may manipulate, abuse, or give you an unfair advantage in the use of our systems or Services;
(f) perform gap trading by opening trades:
(I) when major global news, macroeconomic events or corporate reports/earnings (“Events”) are scheduled that could affect the relevant financial market; and
(II) two (2) hours or less before a relevant financial market is closed for two (2) hours or more; or
(g) otherwise trade in contradiction with the manner in which trading is actually carried out in the Forex market or any other financial market, or in a manner that creates justified concerns that the Provider could suffer financial or other harm as a result of the Client’s activities (e.g. excessive leverage, overexposure, one-sided bets, account rolling).

5.4.2 ADDITIONAL PROHIBITED PRACTICES

(A) You are expressly prohibited from using the Services to violate any law, statute, ordinance, regulation or treaty (local, state, provincial, national or international), or to violate the rights of a third party, including intellectual property, privacy, publicity or other personal or proprietary rights.
(B) You are also expressly prohibited from scraping, crawling, framing, posting unauthorised links to, aggregating, hacking, performing denial of service (DOS) attacks on, reverse engineering, or circumventing technological protection measures of the Services or the Company website.
(C) You are also prohibited from using the Services or the Company website to transmit unsolicited commercial emails to third parties or the Company’s Traders. While the Company is not responsible for content posted by its Traders and has no affirmative obligation to monitor such content, it reserves the right to remove it.
(D) You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Brokers it uses. Such prohibited trading includes, but is not limited to:

using non-public and/or insider information;
front-running of trades placed elsewhere;
trading in any way that jeopardises the relationship the Company has with a broker or may result in the cancelling of trades;
all-or-nothing trading (losing the account in one trade);
any trading style deemed too risky resulting in a retake;
trading in any way that creates regulatory issues for the Broker;
use of EAs with high-frequency trading (HFT) strategies, Gold Arbitrage EA, or any usage involving Prohibited Practices;
using any third-party/off-the-shelf strategy or one marketed to pass challenge accounts;
using one strategy to pass an assessment and a different strategy in a funded account, limited to the use of EAs in assessment and manual trading in the funded stage and vice versa, as determined by GoatFundedTrader in its sole discretion;
holding a Single Share Equity CFD position into an earnings release, with the closure timing requirement described; breach constitutes immediate, hard breach and gains/losses are removed from profit calculations;
entering into an Equity CFD at or near end of day with intent to profit from the market gap, as determined by the Company in its sole discretion;
attempting to arbitrage a challenge account with another account with the Company or any third-party company, as determined by the Company in its sole discretion;
trading multiple accounts of the same size to exploit market conditions or the prop firm; the Company may breach and refund some accounts if not aligned with its risk appetite.

(E) If the Company detects Prohibited Trading, your participation will be terminated and may include forfeiture of any fees paid. Before any Trader receives a funded account, trading activity will be reviewed by the Company and the Broker; in case of Prohibited Trading, the Trader will not receive a funded account.
(F) The Company reserves the right to disallow or block any Trader from participating for any reason, in the Company’s sole and absolute discretion.

5.4.3 Personal use / no account management

As our Client, you should understand and accept that all our Services are for the Client’s personal use, meaning only you may access your Cyber Funded Challenge and Verification accounts and trade. Therefore, you shall not and you agree not to:
(a) allow third parties to access and trade on your Cyber Funded Challenge and Verification accounts, nor engage or collaborate with third parties so that they trade for you, whether private persons or professionals;
(b) access third parties’ Cyber Funded Challenge and Verification accounts, trade on behalf of third parties, or perform any account management activity or similar services whereby you agree to trade/operate/manage Cyber Funded Challenge and Verification accounts for another user, whether as a professional or not.
If you act contrary to the above, we will treat such action/behaviour as a Prohibited Trading Practice under Section 5.4, with the consequences provided by these GTC.

5.4.4 Risk management misuse

The Client must not exploit the Services by trading without applying standard market risk management rules; this includes, inter alia: (i) opening position sizes substantially larger than the Client’s other trades on this or any other Client account; or (ii) opening a substantially lower or higher number of positions than the Client’s other trades on this or any other Client account.
The Provider reserves the right to determine, at its discretion, whether certain trades, practices, strategies or situations constitute Prohibited Trading Practices.

5.5

If the Client engages in any Prohibited Trading Practices described in Clause 5.4, (i) the Provider may deem it a failure to meet the conditions of the specific Cyber Funded Challenge or Verification, (ii) the Provider may remove the violating transactions from the Client’s trading history and/or not count their results in profits and/or losses achieved in demo trading, (iii) immediately cancel all Services provided to the Client and subsequently terminate this contract, or (iv) reduce leverage offered on products in a moderate manner proportionate to the risk exposure up to 1:5 leverage on one or all Client accounts.

5.6

If some or all Prohibited Trading Practices are carried out on one or more Cyber Funded Challenge and Verification accounts of a Client, or across accounts of multiple Clients, or by combining trading through Cyber Funded Challenge and Verification accounts, then the Provider is entitled to cancel all Services and terminate all related contracts connected to all Cyber Funded Challenge and Verification accounts of the Client and/or apply the other measures set out in Clause 5.5. The Provider may take any and all actions under Clauses 5.5 and 5.6 at its discretion.

5.7

If the Client repeatedly engages in any practices described in Clause 5.4 and the Provider has previously informed the Client, the Provider may prevent the Client from accessing all or part of the Services, including access to the Client Section and Trading Platform, without compensation. In such case, the Client is not entitled to a refund of fees paid.

5.8

The Provider assumes no liability for trading or other investment activities carried out by the Client outside the relationship with the Provider, e.g., using data or other information from the Client Section or Trading Platform for real trading on financial markets, even if the Client uses for such trading the same Trading Platform used for demo trading.

5.9

The Client undertakes to read and comply with the rules available on the Website in the FAQ section. Such rules are complementary and explanatory with respect to the general provisions contained in the GTC and supplement and clarify all rules that Clients must follow for each specific type of Challenge.

5.10

DEVELOPMENTS IN FINANCIAL MARKETS ARE SUBJECT TO FREQUENT AND SUDDEN CHANGES. TRADING IN FINANCIAL MARKETS MAY NOT BE PROFITABLE AND MAY LEAD TO SIGNIFICANT FINANCIAL LOSSES. ANY PREVIOUS DEMO TRADING PERFORMANCE AND PROFIT OF THE CLIENT DOES NOT CONSTITUTE A GUARANTEE OR INDICATION OF ANY FUTURE PERFORMANCE.

6. CYBER FUNDED CHALLENGE AND VERIFICATION

6.1

After payment of the fee for the selected Cyber Funded Challenge option, the Client will receive the relevant Trading Platform access credentials at the email address provided by the Client or in the Client Section. The Client activates the Cyber Funded Challenge by opening the first demo trade in the Trading Platform. YOU ACKNOWLEDGE THAT BY OPENING THE FIRST DEMO TRADE YOU EXPRESSLY REQUEST THE PROVIDER TO FULLY PERFORM THE SERVICES. IF YOU ARE A CONSUMER, THIS MEANS THE SERVICES ARE COMPLETED BEFORE THE EXPIRY OF THE WITHDRAWAL PERIOD, WHICH AFFECTS YOUR RIGHT OF WITHDRAWAL AS FURTHER SPECIFIED IN CLAUSE 11. If you do not activate the Cyber Funded Challenge within 30 calendar days from the date it is made available to you, your access will be suspended. You may request reinstatement via the Client Section or by email to support@cyberfunded.com within 14 days of the initial suspension; otherwise we will terminate the provision of the Services without any right to a refund.

6.2

In order for the Client to meet the Cyber Funded Challenge conditions, the Client must simultaneously comply with all of the following parameters:

6.2.1 Minimum trading days (at least one demo trade opened on at least):

3 different calendar days for NEON STEP (one-step);
5 different calendar days for DUAL PROTOCOL (normal or swing);
4 minimum different calendar days for TRIPLE CORE (3-step);
5 minimum different calendar days for INSTANT PULSE to request the corresponding paid payout (instant account).

6.2.2 Maximum daily loss (no day with daily loss on demo trades opened and closed that day exceeding):

NEON STEP: max 4% of initial capital
DUAL PROTOCOL (swing and normal): max 5% of initial capital
TRIPLE CORE: max 4% of initial capital
INSTANT PULSE: max 4% trailing.

6.2.3 Maximum overall loss (never exceeding, on the sum of opened and closed demo trades):

NEON STEP: max 6% of initial capital
DUAL PROTOCOL (swing and normal): max 10% of initial capital
TRIPLE CORE: max 8% of initial capital
INSTANT PULSE: max 6% trailing.

6.2.4 Profit target (overall profit on all closed demo trades at least):

NEON STEP: 10% of initial capital
DUAL PROTOCOL (swing and normal): 8% of initial capital
TRIPLE CORE: 6% of initial capital (both Phase 1 and Phase 2).

6.3

If the Client has complied with the conditions in Clause 6.2 and has not breached these GTC, in particular the demo trading rules in Clause 5.4, the Provider will assess the Cyber Funded Challenge as passed and will make the Verification available free of charge by sending the Client the access credentials. The Provider is not obliged to assess the Challenge if the Client has not closed all trades.

6.4

The Client activates the Verification by opening the first demo trade in the Trading Platform. If the Client does not do so within 30 days from receipt of the credentials, access will be suspended.

6.5

To pass the Verification, the Client must:

6.5.1

Have opened at least one demo trade on the different days required by the type of Challenge purchased.

6.5.2 Maximum daily loss during Verification:

NEON STEP: max 4% of initial capital
DUAL PROTOCOL (swing and normal): max 5% of initial capital
TRIPLE CORE: max 4% of initial capital.

6.5.3 Maximum overall loss during Verification (sum of opened and closed demo trades never exceeding):

NEON STEP: max 6% of initial capital
DUAL PROTOCOL (swing and normal): max 10% of initial capital
TRIPLE CORE: max 10% of initial capital.

6.5.4 Profit target during Verification (overall profit on all closed demo trades at least):

NEON STEP: 10% of initial capital (single verification phase)
DUAL PROTOCOL (swing and normal): 5% of initial capital
TRIPLE CORE: 6% of initial capital (third phase).

6.6

In addition, to pass the Verification, the Client must:

comply with the conditions in Clause 6.5;
not breach these GTC;
not exceed the maximum allocated capital: USD 400,000 individually or in combination, per Client or per trading strategy, under the applicable Cyber Funded Trader Program agreement, if the Client is already participating in the Cyber Funded Trader Program.

6.7

If during the Cyber Funded Challenge the Client fails to meet any of the conditions in Clauses 6.2.2 or 6.2.3, the Cyber Funded Challenge will be assessed as failed and the Client will not be granted access to the subsequent Verification. If during Verification the Client fails to meet any of the conditions in Clauses 6.5.2 or 6.5.3, the Verification will be assessed as failed and the Client will not be recommended as a candidate for the Cyber Funded Trader program. In such cases, the Client’s account and Services will be cancelled without refund of fees already paid.

7. USE OF THE WEBSITE, THE SERVICES AND OTHER CONTENT

7.1

The Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as text, drawings, graphics, design, icons, images, audio and video samples, and any other content that may constitute the Website and the Services (collectively, the “Content”), are legally protected under copyright and other laws and are owned by the Provider or the Provider’s licensors. The Provider grants you a limited, non-exclusive, non-transferable, non-assignable, non-sublicensable and revocable licence to use the Content for the purpose of using the Services for your personal use and in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to you and remains the property of the Provider or the Provider’s licensors.

7.2

All trademarks, logos, trade names and other designations are the property of the Provider or the Provider’s licensors, and the Provider grants you no authorisation to use them.

7.3

Both the Client and the Provider undertake to act in accordance with principles of fairness in performing the contract and in their dealings and, in particular, not to damage the other party’s reputation and legitimate interests. The Client and the Provider will resolve any disagreements or disputes between them in accordance with these GTC and applicable law.

7.4

Except for the rights expressly stated in these GTC, the Provider grants you no other rights relating to the Services and other Content. You may use the Services and other Content only as set out in these GTC.

7.5 Prohibited activities

When accessing the Services and other Content, the following is prohibited:
7.5.1 using any tool that may adversely affect the operation of the Website and Services or is intended to exploit errors, bugs or other deficiencies;
7.5.2 circumventing geographic availability restrictions or any other technical restrictions;
7.5.3 making copies or backups of the Website and other Content;
7.5.4 reverse engineering, decompiling, disassembling or otherwise modifying the Website or other Content;
7.5.5 selling, renting, lending, licensing, distributing, reproducing, broadcasting, streaming, transmitting, or using the Services or other Content other than as permitted;
7.5.6 using automated means to view, display or collect information available through the Website or Services;
7.5.7 using any other tool or means whose use may cause any damage to the Provider.

7.6

The provisions of Clause 7 do not deprive the Client of consumer rights that cannot be excluded by law.

8. DISCLAIMER (LIMITATION OF LIABILITY)

8.1

YOU ACKNOWLEDGE THAT THE SERVICES AND OTHER CONTENT ARE PROVIDED “AS IS” WITH ALL THEIR FAULTS, DEFECTS AND SHORTCOMINGS, AND THAT YOUR USE IS AT YOUR SOLE RESPONSIBILITY AND RISK. TO THE MAXIMUM EXTENT PERMITTED BY MANDATORY LAW, THE PROVIDER DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER STATUTORY, CONTRACTUAL, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.

8.2

TO THE EXTENT PERMITTED BY MANDATORY PROVISIONS OF APPLICABLE LAW, THE PROVIDER SHALL NOT BE LIABLE FOR ANY DAMAGES, INCLUDING INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS, LOSS OF DATA, PERSONAL INJURY OR OTHER NON-PECUNIARY DAMAGE OR PROPERTY DAMAGE ARISING FROM THE USE OF THE SERVICES OR RELIANCE ON ANY TOOL, FUNCTIONALITY, INFORMATION OR OTHER CONTENT AVAILABLE IN CONNECTION WITH THE SERVICES OR ELSEWHERE ON THE WEBSITE. THE PROVIDER IS NOT LIABLE FOR THIRD-PARTY PRODUCTS, SERVICES, APPLICATIONS OR OTHER CONTENT USED BY THE CLIENT IN CONNECTION WITH THE SERVICES. IF THE PROVIDER IS FOUND LIABLE BY A COURT OR OTHER COMPETENT AUTHORITY IN CONNECTION WITH THE OPERATION OF THE WEBSITE OR THE PROVISION OF THE SERVICES, SUCH LIABILITY SHALL BE LIMITED TO AN AMOUNT EQUAL TO THE FEE PAID BY THE CLIENT FOR THE SERVICES IN CONNECTION WITH WHICH THE CLIENT INCURRED THE LOSS.

8.3

The Provider reserves the right to modify, change, replace, add or remove any element and functionality of the Services at any time without compensation.

8.4

The Provider is not responsible for failure to provide purchased Services if such failure occurs due to serious technical or operational reasons beyond the Provider’s control, in the event of any crisis or imminent crisis, natural disaster, war, insurrection, pandemic, threat to a large number of people or other force majeure events, and/or if the Provider is prevented from providing the Services due to legal obligations or a decision by a public authority.

8.5

The provisions of Clause 8 do not deprive the Client of consumer rights or other rights that cannot be excluded by law.

9. BREACH OF THE GTC

9.1

IF THE CLIENT BREACHES ANY PROVISION OF THESE GTC IN A WAY THAT MAY CAUSE ANY DAMAGE TO THE PROVIDER, IN PARTICULAR IF THE CLIENT ACCESSES THE SERVICES IN BREACH OF CLAUSE 1.3 OR 1.4, IF THE CLIENT PROVIDES INCOMPLETE, UNTRUE OR OUTDATED INFORMATION IN BREACH OF CLAUSE 2.3, IF THE CLIENT ACTS IN A WAY THAT MAY DAMAGE THE PROVIDER’S REPUTATION, IF THE CLIENT BREACHES THE DEMO TRADING RULES UNDER CLAUSE 5.4, IF THE CLIENT ACTS IN BREACH OF CLAUSE 8.3, AND/OR IF THE CLIENT PERFORMS ANY OF THE ACTIVITIES UNDER CLAUSE 7.5, THE PROVIDER MAY PREVENT THE CLIENT FROM ORDERING ANY FURTHER SERVICE AND MAY FULLY OR PARTIALLY RESTRICT THE CLIENT’S ACCESS TO ALL OR SOME SERVICES, INCLUDING ACCESS TO THE CLIENT SECTION AND THE TRADING PLATFORM, WITHOUT NOTICE AND WITHOUT COMPENSATION.

10. COMMUNICATIONS

10.1

You acknowledge that all communications by the Provider or its partners relating to the provision of the Services will take place through the Client Section or your registered email address. Written electronic communication by email or via the Client Section is considered written communication.

10.2

Our contact email address is support@cyberfunded.com and our contact address is Via Domenico Berra 8, 20132 Milan (Italy).

11. RIGHT OF WITHDRAWAL FROM A CONTRACT

11.1

If you are a consumer, you have the right to withdraw from a contract without giving any reason within 14 days from its conclusion (see Clause 2.10 for details on when the agreement is concluded). PLEASE NOTE THAT IF YOU START DEMO TRADING BEFORE THE EXPIRY OF THIS PERIOD, YOU LOSE YOUR RIGHT TO WITHDRAW FROM THE CONTRACT.

11.2

Your withdrawal must be sent to support@cyberfunded.com within the specified period with the subject line “CONTRACT WITHDRAWAL ACCOUNT no. ‘XXXX’ ” (where “XXXX” indicates the login number of the account just purchased). You may use the form available here to withdraw. We will confirm receipt of the form in text form without undue delay. If you withdraw, we will refund without undue delay (no later than 14 days from your withdrawal) all fees received from you, using the same payment method you used.

11.3

The Provider has the right to withdraw from the contract in the event of any Client breach specified in Clause 9. Withdrawal takes effect on the day it is delivered to the Client’s email address or via the Client Section.

12. DEFECTIVE PERFORMANCE

12.1

If the Services do not correspond to what was agreed or were not provided to you, you may exercise your rights arising from defective performance. The Provider provides no guarantee of service quality. You must notify us of the defect without undue delay at support@cyberfunded.com. You may request that we remedy the defect or grant you a reasonable discount. If the defect cannot be remedied, you may withdraw from the contract or request a reasonable discount.

12.2

We will seek to resolve any complaint you may submit as soon as possible (no later than 30 calendar days) and will confirm in writing its receipt and resolution. If we do not resolve the complaint on time, you have the right to withdraw from the contract. You may submit a complaint by email to support@cyberfunded.com.

13. AMENDMENTS TO THE GTC

13.1

The Provider reserves the right to amend these GTC from time to time with effect for contracts previously concluded by the Client. The Provider will notify the Client of the amendment at least 7 days before the amendment takes effect, via the Client Section or email. If the Client does not agree, the Client has the right to refuse it by sending such refusal to support@cyberfunded.com no later than the last business day before the changes take effect. Upon receipt of the refusal, the contract will be terminated. If the Client does not refuse, the Client is deemed to accept the new version of the GTC.

13.2

If the amendment provides the Client with a new service or additional functionality or is exclusively to the Client’s benefit, the Provider may notify the Client less than 7 days before the effective date, but no later than the day before it takes effect.

13.3

The Provider will amend these GTC mainly for the following reasons:
13.3.1 introducing new services or products or changing existing ones;
13.3.2 implementing legal or regulatory requirements applicable to the Provider;
13.3.3 making these GTC easier to understand or more useful for the Client;
13.3.4 adapting how the Services are delivered, especially if necessary due to changes in technology provision or back-end processes;
13.3.5 implementing changes in the costs of operating our business.

14. OUT-OF-COURT CONSUMER DISPUTE RESOLUTION

14.1

Our goal is for our customers to be satisfied with CYBER FUNDED services; therefore, if you have complaints or suggestions, we will be happy to resolve them directly with you and you may contact us at support@cyberfunded.com.

14.2

Cyber Funded informs consumers that it is possible to use an alternative dispute resolution (ADR) body listed in the official Italian registers. In particular, Cyber Funded indicates as the competent body the Milan Arbitration Chamber – Conciliation Service (RisolviOnline), with registered office in Via Meravigli 9/B, 20123 Milan, tel. 02 8515.4501, email conciliazione@mi.camcom.it
. More information is available on the Milan Arbitration Chamber’s website.

14.3

The list of recognised and competent ADR bodies in Italy is available at the Ministry of Enterprises and Made in Italy (MIMIT), section “ADR – alternative dispute resolution”.

14.4

EU ODR Platform (update): please note that the European ODR platform for online dispute resolution was discontinued on 20 July 2025; for assistance on consumer redress at EU level, please refer to the “Consumer Redress in the EU” page.

15. APPLICABLE LAW AND JURISDICTION

15.1

Any legal relationship established by or related to these GTC, as well as any related non-contractual relationship, shall be governed by the laws of the Czech Republic. Any dispute arising in connection with these GTC and/or related agreements shall fall within the jurisdiction of the Czech court having local jurisdiction based on the Provider’s registered office.

15.2

The provisions of Clause 15.1 do not deprive consumers of the protection granted by mandatory laws of the relevant EU Member State or any other jurisdiction.

16. TERM AND TERMINATION OF THE CONTRACT

16.1

The contract is concluded for a fixed term until the Cyber Funded Challenge or Verification is passed or failed in accordance with Clauses 6.2 and 6.5 respectively.

16.2

The contract may be terminated early by either party in accordance with these GTC. The contract terminates automatically and with immediate effect if, during the Cyber Funded Challenge or Verification, the Client does not open at least one demo trade for a period of 30 consecutive days.

16.3

Notwithstanding Clause 16.2, the Provider may terminate this contract for cause and with immediate effect when providing the Services under the contract would affect the Provider’s ability to comply with legal obligations or orders/decisions of governmental bodies or other regulators.

16.4

Either Party may terminate this contract without cause by giving written notice at least 7 days in advance in accordance with Clause 10.

16.5 Inactivity or purely formal trading activity

If Cyber Funded detects a reduction in trading activity amounting to a substantially nil trading period—meaning, by way of example and not limitation, the sporadic opening of negligible or fictitious trades (e.g., 0.01 lots once per month) that add no value to the account’s trading activity—the Provider will notify the Client of the account suspension.
The Client has seven (7) business days from receipt of the notice to respond. If the Client responds, the suspension will be carried out subject to the Client’s consent; if no response is received within such period, the account will be automatically suspended by the Provider.
Reactivation may occur only upon the Client’s written request, to be sent within no later than thirty (30) calendar days from the suspension date. After such deadline, the Provider is not obliged to reactivate the account. Any further remedies provided by these GTC remain unaffected.

17. FINAL PROVISIONS

17.1

The Provider has not adopted any consumer code of conduct.

17.2

These GTC constitute the entire terms and conditions agreed between you and the Provider and supersede all prior agreements relating to the subject matter of the GTC, whether oral or written.

17.3

Nothing in these GTC limits any legal claims set out elsewhere in these GTC or arising from applicable law. If the Provider or any authorised third party does not enforce compliance with these GTC, this shall not be construed as a waiver of any right or claim.

17.4

The Provider may assign any receivable arising under these GTC or any agreement to a third party without your consent. You agree that the Provider may, as assignor, transfer its rights and obligations under these GTC or any agreement or part thereof to a third party. The Client is not authorised to transfer or assign its rights and obligations under these GTC or any agreement or part thereof, or any receivables arising therefrom, in whole or in part, to any third party.

17.5

If any provision of the GTC is invalid or ineffective, it shall be replaced by a provision whose meaning is as close as possible to that of the invalid provision. The invalidity or ineffectiveness of a provision does not affect the validity of the other provisions. No past or future practice established between the parties and no generally maintained usage in the sector relating to the subject matter of performance, not expressly referenced in the GTC, shall apply and no rights or obligations shall arise therefrom; moreover, such practices/usages shall not be considered in interpreting the parties’ declarations of intent.

17.6

The Annexes to the GTC form an integral part of the GTC. In the event of a conflict between the main text of the GTC and any Annex, the main text prevails.

17.7

Before mutually accepting these GTC, the parties carefully assessed the potential risks arising from them and accept such risks.

18. RESTRICTED JURISDICTIONS

18.1 Scope and legal basis

To ensure compliance with EU/Italian AML/CFT regulations (Legislative Decree 231/2007), as well as UN/EU/US OFAC/UK OFSI sanctions regimes and FATF lists (“High-Risk Jurisdictions/Call for Action”), Cyber Funded does not provide its Services (including demo accounts, challenges, evaluations and/or related payouts/prizes) to persons located in, resident in, or established in the jurisdictions listed in Annex A. In addition, for local regulatory reasons, we do not operate in jurisdictions requiring specific licences for offering services/products comparable to derivatives/CFDs to retail users or imposing prohibitions/limitations incompatible with our model.

18.2 Sanctions / FATF high-risk “Call for Action”

Cyber Funded excludes the following jurisdictions due to sanctions and/or FATF “Call for Action” (or equivalent):
Cuba, Islamic Republic of Iran, Democratic People’s Republic of Korea (North Korea), Syrian Arab Republic;
Russian Federation and Belarus;
Ukrainian territories subject to restrictive measures: Crimea, Sevastopol, Donetsk, Luhansk, Kherson, Zaporizhzhia;
Myanmar (Burma).

18.3 “No-go” due to local retail derivatives/CFD rules/licences

Regardless of sanctions status, Cyber Funded does not provide the Services in jurisdictions where offering retail services/products comparable to derivatives/CFDs requires local licences or is otherwise prohibited/limited in a manner incompatible with our operating model (even if purely simulation/demo accounts with no real capital managed). As of today, “no-go” jurisdictions are:
Japan; Singapore; Malaysia; Hong Kong; Republic of Korea (South Korea);
United States of America (ONLY) due to inability to provide such services via MT5.

18.4 Eligibility, permitted use and compliance

18.4.1 “Void where prohibited” and territorial limitation

a) Services are offered globally on a “void where prohibited” basis: access and use are prohibited in any jurisdiction where this would conflict with local laws.
b) Cyber Funded reserves the right, at its discretion, to refuse, limit or cease offering Services in any country or territory and to cancel or refuse orders/plans where regulatory or compliance risks exist (including AML/CFT and international sanctions).

18.4.2 Nature of Services — exclusion of financial services

a) Services are exclusively educational/simulation: activity occurs on demo/simulated accounts, with no execution of real orders, no access to regulated markets and no order routing to brokers/venues.
b) Cyber Funded does not provide investment services or investment advice/recommendations; it does not provide trading signals, copy-trading to real accounts, or portfolio management.
c) Any “payouts” recognised by the company are prizes/recognitions linked to simulated performance, not financial returns.

18.4.3 User requirements and representations

By registering and using the Services, the User represents and warrants:
a) Local compliance: use of the Services does not violate the laws of the country of residence/domicile (including, for India, applicable RBI/FEMA/SEBI rules).
b) No use of LRS for margin/derivatives trading: if resident in India, the User will not use the Liberalised Remittance Scheme (LRS), remittance instruments or cards for margin/derivatives trading abroad, forex or activities prohibited by RBI/FEMA/SEBI rules; any payments are only for access to educational/simulation services.
c) No technical circumvention: the User will not use VPN, proxy, VPS or similar tools to circumvent geo-controls, eligibility rules or monitoring systems; the User will not share credentials or allow third-party access to the account.
d) No solicitation: the User acknowledges Website content is general and does not constitute solicitation in jurisdictions where promotion would be prohibited; registration is spontaneous and at the User’s initiative.
e) Tax responsibility: the User is responsible for all tax compliance in their country, including any taxation of prizes/recognitions.

18.4.4 Marketing and targeting

a) Cyber Funded communications are general informational and are not directed to persons in jurisdictions where the offering would be prohibited.
b) Cyber Funded does not carry out local targeting in countries prohibiting such services; any access occurs at the User’s initiative in compliance with local laws.

18.4.5 Payments, KYC/AML and payout management

a) Cyber Funded may require enhanced identity verification and due diligence (KYC/AML) and additional documentation (e.g., proof of residence, source of funds, self-declarations on compliant use of RBI/FEMA/SEBI limits for India residents).
b) Cyber Funded may refuse, defer or cancel payments or payouts (prizes) if required by PSPs, banks, local regulations or AML/CFT/sanctions policies, or if risk indicators exist (including anomalies in IP, access metadata, circumvention tools).
c) Payouts, where applicable, are prizes for simulated activity and do not constitute interest, profits or consideration for financial services.

18.4.6 Suspension/termination for regulatory risk

a) In the presence of regulatory risk, Authority requests, breaches (or reasonable suspicion of breaches) of these T&C, the User’s local laws, or AML/CFT/sanctions policies, Cyber Funded may, at its sole discretion and without notice:
i. suspend/close the account;
ii. cancel or suspend payouts/benefits;
iii. refuse new orders or access to the Services.
b) Any further measures necessary for regulatory compliance remain reserved.

18.4.7 Monitoring and controls

a) The User agrees that Cyber Funded may monitor access and usage (including IP, login patterns, devices) for security and compliance purposes.
b) In case of discrepancies (e.g., logins from different countries within short timeframes, use of VPN/proxy), Cyber Funded may request clarifications and evidence (e.g., travel documents) and restrict the account pending successful checks.

18.4.8 Prevalence and severability

a) In the event of conflict, this Section prevails over the parts of the T&C governing the nature of the Services, territorial eligibility, payments/payouts and compliance.
b) If a provision of this Section is invalid/ineffective, the remaining provisions remain valid; the invalid provision will be replaced by one that replicates its purpose and function as closely as possible.

18.5 Other restrictions

Cyber Funded may extend or restrict the list for AML/CFT compliance, country risk, operational constraints (e.g., banking/payment partner limitations) or regulatory changes. In case of discrepancies between sanctions lists and local laws, the more restrictive approach prevails.

18.6 Geographic verification and Client obligations

The Client represents and warrants that they are not located in, resident in or established in a jurisdiction listed in Annex A, will not use VPN/proxy to bypass geo-controls, and will promptly inform Cyber Funded in case of change of residence/registered office.

18.7 Effects of breach

Access to the Services may be denied/suspended/terminated without notice in case of breach of this clause or if elements emerge suggesting that Services are being used from or on behalf of persons in restricted jurisdictions. Fees already paid remain non-refundable.

19. DEFINITIONS, EXPRESSIONS AND ABBREVIATIONS USED

19.1 Definitions

For the purposes of the GTC, the following definitions apply:
19.1.1 “Client Section” means the user interface located on the Website;
19.1.2 “Content” means the Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as text, drawings, graphics, design, icons, images, audio and video samples and other content that may constitute the Website and the Services (as set out in Clause 7.1);
19.1.3 “Client” means the user of the Services (as set out in Clause 1.1);
19.1.4 “Cyber Funded Challenge and Verification Accounts” means the trading accounts provided as part of the Services by the Provider;
19.1.5 “Prohibited Trading Practices” means trading practices strictly prohibited during the use of our Services and are described in more detail in Section 5.4 of these GTC;
19.1.6 “GTC” means these Cyber Funded General Terms and Conditions;
19.1.7 “Provider” means the provider of certain Services (as set out in Clause 1.1);
19.1.8 “Annexes” means Annex 1 and any other Annex, if applicable, forming part of these GTC;
19.1.9 “Services” means the Provider’s services as set out in Clauses 1.1 and 1.5;
19.1.10 “Trading Platform” means an electronic interface provided by a third party where the Client performs demo trading; and
19.1.11 “Website” means the website www.cyberfunded.com
.

19.2 Expressions and abbreviations

For the purposes of the GTC and related annexes:
19.2.1 “calendar day” means the period from midnight to midnight of the time currently in force in Italy (Rome time zone);
19.2.2 “initial capital” means a fictitious amount selected by the Client when choosing the Cyber Funded Challenge option and which the Client will use to perform demo trading.

These GTC shall enter into force and effect on 1 October 2025.