3.1 Ordering and Registration
Services can be ordered through our website by completing the appropriate registration or order form. Upon successful registration, you will receive your login details for the Client Section and/or Trading Platform via email. It is essential that the data provided by you during registration or through the Client Section are complete, accurate, and current. Inaccurate, incomplete, or outdated information may result in your inability to use the Services and our inability to contact you.
3.2 Service Offering
Our Services include the BrightFunded Challenge and Verification products, which may vary in their scope.
3.3 Fees and Payments
The fee for the BrightFunded Challenge is based on various factors including the initial capital amount, degree of risk, and specific parameters required to meet the conditions of the BrightFunded Challenge and Verification. The fee paid grants you access to the BrightFunded Challenge and the Services offered under it. Please note that no refunds are given if you decide to cancel your Client Section, terminate the use of Services prematurely, fail to meet conditions, or violate these Terms & Conditions.
3.4 Unjustifiable Complaints
If you file an unjustifiable complaint or dispute the fee, BrightFunded reserves the right to suspend the provision of any services and refuse future service provision.
3.5 Change of Service Parameters
The option selected for the BrightFunded Challenge will also apply to the subsequent Verification. Once a selection is made, it cannot be changed unless a new BrightFunded Challenge is ordered. BrightFunded may unilaterally change fees and parameters of Services at any time, without affecting Services purchased before notification of the change.
3.6 Technical Requirements
You are responsible for procuring the necessary technical equipment and software to use the Services, including any third-party software, at your own risk and expense.
3.7 Trading Platforms
Please be aware that the operators of trading platforms are distinct from BrightFunded, and their terms and conditions, as well as their privacy policies, will apply to your use of their platforms.
3.8 Ordering Practices
If you place an unusually large number of orders in a short period, BrightFunded may issue a warning or suspend your ability to order Services. If such behavior is related to Forbidden Trading Practices, BrightFunded reserves the right to take appropriate action as per Section 5 of these Terms & Conditions. Remember, all data entered in the order form can be checked, corrected, and amended until the Services are ordered. An order is deemed complete when the order form is submitted and confirmed via email. Please review all information carefully before submitting your order.
4.1 Every Customer is allowed to maintain only one Client Section, which is expected to encompass all their services, including BrightFunded Challenges and Verifications. It is the responsibility of the Customer to ensure that all Services are maintained within this single Client Section.
4.2 The Provider reserves the right to impose limits on the total number of BrightFunded Challenges and Verifications that can be associated with a single Client Section. Restrictions may also be placed on transferring or combining capital and performance data between different products or Services.
4.3 The Customer is responsible for maintaining the confidentiality and security of their login data, including username and password. Any activities that occur under the Customer's Client Section or Trading Platform, including any transactions or modifications, are considered to be performed by the Customer and are their sole responsibility.
4.4 The Customer must promptly notify the Provider in the event of any unauthorized access or use of their Client Section or Trading Platform or any other breach of security.
4.5 The Provider disclaims all liability for instances of service unavailability, data loss or other technical issues that may arise during the use of the Services. While the Provider will make reasonable efforts to ensure the smooth operation of the Services, circumstances may arise where the Services are temporarily unavailable. The Customer acknowledges this risk and agrees that they will not be entitled to claim compensation for such instances.
4.6 The Customer has the right to cancel their Client Section at any time by sending an email to the Provider. Cancellation of the Client Section results in termination of the contract and cessation of access to the Services. The Customer acknowledges that upon cancellation, they are not entitled to a refund for any fees paid for the Services, even if the Services have not been fully used.
5.1 In Demo Trading, users are authorized to perform all transactions unless they contravene Forbidden Trading Practices as outlined in Clause 5.4. It is a user's responsibility to adhere to conventional market rules and conditions set forth by the Trading Platform, inclusive of those related to risk management.
5.2By participating in demo trading, users explicitly consent to the Provider accessing their demo trade information. The Provider may also share such data with its affiliates. This process may occur automatically and does not require further approval from users. No compensation shall be provided for the use of such data. Users reserve the right to discontinue demo trading at any time.
5.3 The Provider makes no guarantees concerning the accuracy or availability of information displayed on the Trading Platform. Users rely on such information at their own risk.
5.4 The following trading practices are strictly forbidden in demo trading:
a. Exploiting service errors, whether intentional or not, such as delays in price display or updates.
b. Engaging in trades using an external or slow data feed.
c. Acting alone or in collaboration with others to execute trades aimed at manipulating trading circumstances, such as placing opposite positions simultaneously.
d. Trading in a manner contradictory to the terms and conditions set by the Provider and the Trading Platform.
e. Utilizing software, artificial intelligence, ultra-high-speed trading, or mass data entry that could manipulate or abuse the system, or confer an unfair advantage.
f. Gap trading under specified conditions: when significant global news, macroeconomic events, or corporate reports that may impact a relevant financial market are due.
g. Trading in a manner that contravenes standard practices in Forex or any other financial market, or that could potentially harm the Provider, either financially or otherwise (such as overleveraging, overexposure, one-sided bets, account rolling).
5.5 Users should not engage in any trading strategies that are considered exploitative, including but not limited to Grid Trading, High-Frequency Trading (HFT), Tick Scalping, Arbitrage, or any strategies that do not adhere to live market conditions. Users ensure that all trading activities are conducted in a manner that closely replicates real-world trading conditions. This clause is instituted to ensure that the trading practices of the User reflect genuine market strategies and do not exploit the Provider's platform or services. Such practices are prohibited as they do not reflect genuine trading in the real world, specifically within the Forex market, and may create the potential for the Provider to suffer loss or damage. This includes, but is not limited to, financial loss, reputational harm, or any other forms of damage resulting from the User's trading activities. The Provider reserves the right to take appropriate action, including account suspension or termination, should any User be found in violation of this policy.
5.6 BrightFunded services are intended solely for personal use. Users must not permit third-party access to their BrightFunded Challenge and Verification accounts or execute trades on behalf of third parties. Any breach of these provisions will be considered a Forbidden Trading Practice as per Section 5.4, with corresponding consequences.
5.7 Users are advised against exploiting the services by trading without employing standard risk management rules. This includes initiating significantly larger or smaller position sizes or numbers compared to other trades on the same or different customer account. The Provider retains the right to decide what constitutes Forbidden Trading Practices.
5.8 Should a user engage in Forbidden Trading Practices, the Provider may view this as a failure to meet the conditions of the BrightFunded Challenge or Verification. The Provider may choose to remove the violating transactions from the user's trading history, cancel all services, terminate the Agreement, or reduce the offered leverage on products to 1:5 on any or all of the user's accounts.
5.9 In cases where Forbidden Trading Practices are performed on one or more BrightFunded Challenge and Verification accounts, or accounts of various users, or through a combination of BrightFunded Challenge and Verification accounts and BrightFunded Trader accounts, the Provider reserves the right to cancel all services, terminate all relevant contracts, or invoke other measures outlined in Clause 5.6. The Provider may exercise any actions in Clauses 5.6 and 5.7 at its sole discretion.
5.10 If any BrightFunded Trader accounts are implicated in Forbidden Trading Practices, this can lead to a breach of the respective terms and conditions with third-party providers, culminating in the cancellation of all such user accounts and termination of the respective agreements.
5.11 Repeat engagement in the practices specified in Clause 5.4, after prior notice from the Provider, can result in the Provider restricting the user's access to all or part of the Services, including the Client Section and Trading Platform, without any compensation or refund of the fees paid.
5.12 The Provider is not responsible for trading or other investment activities performed by the user outside of their relationship with the Provider, even if the user employs the same Trading Platform for real trading as they use for demo trading.
5.13 Users must understand that developments in financial markets are often unpredictable and can result in substantial financial losses. Past performances and profits from demo trading do not guarantee future performance. Trading involves risk and is not suitable for all investors.
6.1 Upon completion of the payment for the BrightFunded Challenge, the Provider will furnish customers with login details either through email or directly in their Client Section. The activation of the BrightFunded Challenge is accomplished by the execution of the first demo trade.
6.2 Customers should be aware that by commencing the BrightFunded Challenge, they effectively renounce their right to withdraw from the contract before the services are completed, as outlined in clause 12 of these Terms and Conditions.
6.3 In cases where the BrightFunded Challenge is not activated within 30 days from the date of payment, access to the challenge will be automatically suspended. Customers will have a grace period of six months from the date of suspension to request a renewal of access. Failure to make such a request within the allotted time will result in the termination of the services without entitlement to a refund.
6.4 The BrightFunded Challenge will last for unlimited days from the date of activation.
6.5 To successfully pass the BrightFunded Challenge, customers must fulfill the following conditions:
a. Customers are required to open at least one demo trade on five different calendar days throughout the duration of the challenge.
b. Customers must ensure that the reported loss on demo trades opened and closed on any calendar day does not exceed 5% of the initial capital.
c. The total reported loss on demo trades that were opened and closed during the course of the BrightFunded Challenge should not exceed 10% of the initial capital.
d. The total profit accrued from closed demo trades should amount to at least 8% of the initial capital.
6.6 Should the conditions of the BrightFunded Challenge be met and no violations of the Terms occur, especially those related to demo trading rules, the Provider will deem the BrightFunded Challenge as successful. Subsequently, the Provider will grant the customer free access to Verification.
6.7 Customers are permitted to request an evaluation of their BrightFunded Challenge performance at any time. Such requests can be made via email or through the Client Section. However, it is at the Provider's discretion to withhold evaluation if all trades are not closed.
6.8 The Verification process is activated by customers initiating a demo trade on the Trading Platform.
6.9 If the Verification is not activated within 30 days from receiving the login data, access to the Verification will be automatically suspended.
6.10 Customers may request a renewal of access within six months of such suspension either through the Client Section or via email. Failure to request a renewal within this grace period will result in the termination of the services without any entitlement to a refund.
6.11 The Verification will last for a period of unlimited days from the date of its activation.
6.12 By the end of the Verification period, the customer must meet the following conditions:
a. The customer must open at least one demo trade on at least five different calendar days throughout the Verification.
b. The customer must not report a loss exceeding 5% of the initial capital on any given day.
c. The customer must not report a total loss exceeding 10% of the initial capital.
d. The customer must report a cumulative profit from all closed demo trades amounting to at least 5% of the initial capital.
6.13 In addition to the conditions stated in clause 6.12, the customer must also meet the following requirements to pass the Verification:
a. Compliance with all conditions mentioned in clause 6.5.
b. There should be no violation of the Terms, especially the rules of demo trading under clause 5.4.
c. The total capital allocation should not exceed USD 400,000 per customer or trading strategy, in accordance with the BrightFunded Funded Trader Program agreement.
6.14 If the conditions outlined in clauses 6.12 and 6.13 are met, the Provider will deem the Verification as successful and will subsequently recommend the Customer for the BrightFunded Funded Trader program.
6.15 Customers can request an evaluation of the Verification at any time, provided all transactions are closed. Such requests can be made via email or through the Client Section.
6.16 Non-compliance with the conditions stated during the BrightFunded Challenge or Verification will result in an unsuccessful evaluation and consequently denial of access to subsequent steps or recommendation for the BrightFunded Funded Trader program. No refund of fees paid will be provided in such cases.
6.17While the Provider's recommendation carries weight, it does not guarantee acceptance into the BrightFunded Funded Trader Program. The Provider bears no responsibility for any rejection from the BrightFunded Funded Trader Program.
7.1 If the Customer successfully completes both the BrightFunded Challenge and Verification as detailed in sections 6.6 and 6.14, they may become eligible for an offer to participate in the BrightFunded Funded Trader Program.
7.2 The offer for participation in the BrightFunded Funded Trader Program is at the sole discretion of Bright Global FZCO. Bright Global FZCO reserves the right to make this offer based on its internal criteria, which may be subject to change without prior notice to the Customer.
7.3 The Customer agrees to comply with all conditions and obligations that may be imposed as part of their participation in the BrightFunded Funded Trader Program, as stipulated in the separate agreement.
7.4 The Company is under no obligation to maintain a Customer's participation in the BrightFunded Funded Trader Program if the Customer fails to comply with the terms of the separate agreement or violates any of the provisions of the Terms.
7.5 The decision to offer participation in the BrightFunded Funded Trader Program, the terms of any such offer, and the ultimate decision to accept a Customer into the BrightFunded Funded Trader Program is at the Company's sole discretion.
7.6 In the event that a BrightFunded Trader violates any of the trading objectives as specified in Article 6.12, their Funded Star Account will be subject to immediate suspension. Under such circumstances, the following financial implications apply:
a. Distribution of Remaining Profits: Upon suspension, traders will not retain any rights to remaining profits in their Funded Star Account, and as a consequence, no remaining profits will be disbursed.
b. Refund of Challenge Fee: If the trader has not previously received a refund of their Challenge Fee in earlier payouts, no refund of the Challenge Fee will be issued upon the suspension of the Funded Star Account.
8.1 All the elements of the Provider's website, including, but not limited to, texts, images, graphics, layout, software, databases, logos, design, and other similar elements (collectively referred to as "Content"), are protected by national and international copyright and intellectual property laws. The ownership of these rights lies with the Provider or their licensors.
8.2 The Provider hereby grants users a limited, non-exclusive, and revocable license to access and use the Content solely for their personal, non-commercial use, in a manner that is consistent with the intended purpose and scope of the Services. This license does not result in the sale, transfer, or alteration of the Provider's or their licensor's ownership rights over the Content.
8.3 All trade names, trademarks, logos, and other distinctive brand features present on the website are owned by the Provider or their licensors. Unauthorized usage of these marks and logos is strictly prohibited.
8.4 The Provider and users agree to conduct themselves with fairness and good faith, refraining from causing damage to each other's reputation, interests, or the Services. Any disputes arising will be resolved in accordance with these Terms and Conditions and applicable laws.
8.5 Apart from the usage rights explicitly granted in these Terms and Conditions, no other rights, including, but not limited to, copyright, patent, trademark, trade secret, or other proprietary rights related to the Services and Content are transferred or implied to be granted to the users.
8.6 Users shall strictly adhere to the manner of usage of Services and Content as specified in these Terms and Conditions, refraining from any unpermitted or illegitimate use.
8.7 Users are expressly prohibited from engaging in activities such as using malicious software or tools, circumventing or attempting to circumvent any restrictions imposed on the access and use of the website, making copies or modifications of the Content, unauthorized distribution or sharing of Content, using automated means for data extraction or scraping, or carrying out any action that may disrupt the functionality of the website, harm the Provider or other users, or otherwise infringe upon the Provider's rights.
8.8 Nothing in these Terms and Conditions intends to deprive users of their statutory rights as consumers, to the extent those rights cannot be altered or waived by contract.
9.1 Users understand and accept that they are using the Services and Content as provided, with all their respective defects or shortcomings, entirely at their own risk. The Provider expressly disclaims any warranties of any kind, whether express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, compatibility, security, or accuracy.
9.2 The Provider, including its directors, officers, employees, or other related entities, shall not be liable for any direct, indirect, incidental, consequential, or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if the Provider has been advised of the possibility of such damages), arising out of, or in connection with the use of, or the inability to use, the Services or the Content provided.
9.3 Furthermore, the Provider assumes no responsibility or liability for any damage or loss caused by the use of third-party products or services that may be used in conjunction with the Services, or any content, information, materials, or products included on or otherwise made available to users through such third-party services.
9.4 In the event that a competent authority establishes the Provider's liability for a user's loss or damage, such liability will be limited to the amount of the fee paid by the user for the Services directly related to the user's loss.
9.5 The Provider reserves the right to modify, replace, or remove any features or aspects of the Services, without any obligation to offer any form of compensation to users for any potential loss or inconvenience caused by these changes.
9.6 The Provider shall not be held accountable for the failure to provide Services, or for any delay in providing Services, that arises due to major technical or operational disruptions, crises, natural disasters, wars, pandemics, legal obligations, decisions of public authorities, or any other situations beyond the reasonable control of the Provider.
9.7 Nothing in these Terms and Conditions intends to deprive users of their statutory rights as consumers, to the extent those rights cannot be altered or waived by contract.
10.1 If a user breaches any part of these Terms and Conditions in a manner that, in the Provider's judgment, could potentially harm the Provider, specific remedial actions may be taken. Violations may include but are not limited to unauthorized access to Services, provision of false, incomplete, or outdated information, causing damage to the Provider's reputation, contravention of demo trading rules, or carrying out any activities that contradict the Provider's guidelines or interfere with its Services.
10.2 Depending on the severity and nature of the violations, the Provider reserves the right to impose consequences that may range from preventing the user from ordering any further services, to partially or entirely restricting the user's access to the Services. This includes access to the Client Section, Trading Platform, and any other facilities or Services provided by the Provider.
10.3 The Provider is not obligated to provide prior notice to the user before enacting such remedial measures and will not offer any form of compensation or refund to the user for any inconvenience or loss that may arise as a result of these actions.
10.4 The actions taken by the Provider in response to violations of these Terms and Conditions do not waive the Provider's right to take any other legal or contractual remedies that may be available. The Provider reserves all rights and remedies under these Terms and Conditions, at law, or in equity.
11.1 All communication pertaining to the provision of Services from the Provider or its partners will be carried out via the Client Section or through the email address that you have registered with us. You acknowledge that this is your primary method of receiving communication from us, and you agree to regularly check your Client Section and registered email for updates.
11.2 Electronic communications sent by the Provider, whether through email or via the Client Section, are deemed as written communication. You understand and accept that these electronic communications have the same legal validity and enforceability as hardcopy written communications.
11.3 The Provider will attempt to respond to all queries, concerns, or issues raised by you in a timely and efficient manner. However, the speed and manner of response may vary depending on the nature and complexity of the issue raised.
11.4 Please note that any communication from the Provider or its partners will be deemed received when it is made available to you in the Client Section or sent to your registered email, regardless of whether you have actually viewed or opened the communication.
12.1 If the user is a consumer, they are granted the right to withdraw from the contract without providing any reason within a period of 14 days from the contract execution. However, this right is forfeited if the user initiates demo trades prior to the end of this 14-day withdrawal period.
12.2 To exercise the right to withdraw, the user must inform the Provider of their decision by an unequivocal statement sent to the provided email address within the stipulated withdrawal period. A template withdrawal form is provided by the Provider for this purpose, but its use is not obligatory.
12.3 Upon receipt of the user's withdrawal notice, the Provider will promptly communicate to the user an acknowledgement of receipt of such a withdrawal on a durable medium (e.g., by email).
12.4 If the user withdraws from the contract, the Provider will reimburse all payments received from the user, without undue delay and in any event not later than 14 days from the day on which the Provider is informed about the user's decision to withdraw from the contract. The Provider will carry out such reimbursement using the same means of payment as the user used for the initial transaction, unless the user has expressly agreed otherwise; in any event, the user will not incur any fees as a result of such reimbursement.
12.5 The Provider reserves the right to immediately withdraw from the contract if the user breaches any of the terms and conditions as outlined in Clause 10 of these Terms and Conditions. In the event of such termination due to breach by the user, any paid fees may be forfeited, and no refunds will be issued. The Provider also reserves the right to pursue any other remedies available under law in the event of such breach by the user.
13.1 The Provider reserves the right, at its sole discretion, to revise, update, change, modify, add or remove portions of these Terms at any time. Such changes will be effective immediately upon posting the revised Terms on the Provider's website or upon notifying the user via email or through the Client Section.
13.2 Users are expected to check this page from time to time so they are aware of any changes, as they are binding on them. By continuing to access or use the Services after the revised Terms becomes effective, the user agrees to be bound by the revised terms. If the user does not agree to the new terms, they must stop using the Services.
14.1 Users with any complaints, feedback, inquiries, or issues related to the Services or these Terms are encouraged to contact the Provider via email at [email protected].
14.2 When reaching out to the Provider, Users should provide their name, email address, and any other pertinent information that would assist in identifying them and addressing their concerns effectively. If a User does not respond to the Provider's request for additional information within a reasonable time frame, the complaint or inquiry may not be processed further.
14.3 The Provider is committed to working diligently and cooperatively with Users to address their concerns and to strive towards a mutually satisfactory resolution. Users are encouraged to communicate openly and honestly with the Provider to facilitate an effective resolution process.
14.4 This User Agreement and all other contractual relationships between Users and the Provider, including any questions regarding the existence, validity, and formation of such relationships, shall be governed exclusively by the laws of the United Arab Emirates, excluding its rules of private international law. However, this does not deprive Users of the protections provided by the mandatory provisions of the law of the country in which they have their habitual residence.
14.5 Any disputes arising out of or in connection with these General Terms and Conditions or the Services shall be submitted exclusively to the competent court in Dubai, United Arab Emirates. This provision does not prejudice the Provider's right to initiate legal proceedings against Users in the jurisdiction of their place of residence or domicile. However, this provision will not deprive Users of any mandatory protections afforded to them by their local consumer law regulations, where applicable.
15.1 By becoming a part of the BrightFunded community, you have the opportunity to join our waitlist. Rankings within the waitlist are determined by the number of individuals each member successfully invites to join the BrightFunded Discord community. The more people you invite, the higher you climb on our waitlist.
15.2 The BrightFunded waitlist includes a system of prizes that are awarded based on a member's ranking within the waitlist. Prizes are awarded at BrightFunded's sole discretion and according to the prize schedule, which may be changed or amended by BrightFunded at any time and without prior notice.
15.3 Some prizes offered by BrightFunded are designated as "Lifetime" prizes. For the purpose of BrightFunded's waitlist and associated prizes, "Lifetime" is defined as a period of fifteen (15) years from the date of prize issuance.
15.4 To climb the waitlist, members can invite more individuals to join the BrightFunded Discord community. Only legitimate and valid invitations will count towards the waitlist ranking. BrightFunded reserves the right to verify the validity of all invitations, and fraudulent or misleading practices may result in disqualification and removal from the waitlist.
15.5 BrightFunded reserves the right to modify or terminate the waitlist, alter the rankings or prize system, or change these Terms & Conditions at any time, with or without notice. Any such changes will be posted on the BrightFunded website and will be effective immediately upon posting.
By joining the BrightFunded waitlist and participating in the ranking and prize system, you are agreeing to these terms and conditions. If you do not agree to these terms, you must not participate in the waitlist.