Terms and Conditions

PipFarm General Terms and Conditions

Last updated: January 24, 2025

These terms and conditions (the “Agreement”) create a contract between you (“You” or the “User”) and ECI Ventures Pte. Ltd., trading as PipFarm, registered in Singapore with unique entity number 202329954C (the “Company”).

Please read the Agreement carefully before registering, purchasing or using the Company’s Services. If you do not agree to be bound by this Agreement, you should stop using the Services immediately. By using the Company’s Services, you agree to the terms and conditions of the Agreement.

THE COMPANY PROVIDES TRADING AND INVESTING EDUCATION AND EVALUATION SERVICES. NONE OF THE SERVICES PROVIDED ARE INVESTMENT SERVICES OR INVESTMENT ADVICE PER THE SINGAPORE SECURITIES AND FUTURES ACT 2001 OR COUNTRIES WHERE THE COMPANY PROVIDES SERVICES.

Introduction
1. This Agreement governs Your rights and obligations when using the Services provided by ECI Ventures Pte. Ltd., registered at 68 Circular Road #02-01, 049422, Singapore.
2. The effective date of the Agreement is the date you register to use the Services.
3. You must be 18 years of age or older to use the Services.
4. You may not use the Services if you are a citizen or resident of a country in the Prohibited Jurisdiction List.
5. BY PURCHASING A TRADING CHALLENGE YOU CONFIRM THAT YOU WERE SATISFIED WITH ALL PREVIOUS ORDERS. YOU ACKNOWLEDGE AND ACCEPT THAT ALL PREVIOUS PURCHASES WERE RECEIVED, WORKED AS DESCRIBED AND DELIVERED IN AN ACCEPTABLE CONDITION. THEREFORE, YOU WAIVE YOUR RIGHT TO DISPUTE OR SEEK A REFUND FOR ANY PURCHASE EXCEPT FOR YOUR MOST RECENT PURCHASE.
6. IF YOU DO NOT AGREE WITH ALL OF THESE LEGAL TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SERVICES, AND YOU MUST DISCONTINUE USE IMMEDIATELY.

Definitions

In the Agreement:

Dashboard means the web or mobile application developed and provided by the Company for Users to purchase Assessments, access login credentials to Accounts, view applicable rules, and monitor performance;

Profile means Your digital representation for accessing the Dashboard and using Services;

Account means an account created in the Platform, which is used to participate in a Trading Challenge and the Remote Trader Program;

Breach means violating one of the trading rules, which causes the User to fail a Trading Challenge or lose their right to participate in the Remote Trader Program;

Reward means the incentive that a User participating in the Remote Trader Program may request from their Simulated Account;

Reward Interval means the calendar days between Reward Payouts;

Platform means the cTrader platform, developed by Spotware Systems Ltd;

Risk Management Rules are defined in the section Risk Management Rules;

Prohibited Trading Practices are defined in section Prohibited Trading Practices;

Previous End-of-day (EOD) Balance means the balance of an Account at 22:00 or 21:00 UTC during US Daylight Savings Time, as the case may be, on the previous day;

Profit Target means the percentage of realised profit that must be generated in an Account to pass a Trading Challenge or qualify for another Funding Round;

Trading Day means a day where at least one closing deal was executed in your account. A new Trading Day begins daily at 22:00 GMT during standard time and 21:00 GMT during US Daylight Savings;

Profitable Trading Day means a Trading Day where the Balance was increased by at 0.5% of the Initial Balance;

High Watermark (HWM) means the highest value an Account balance has reached;

Initial Balance means the amount of funding the User requests when starting a Trading Challenge;

Funding Round means the amount of balance credited to an Account at the beginning of a new funding round;

Trading Data means any and all information and data You generate while using the Services, such as the orders, positions and deals created in Accounts;

Remote Trader Program Agreement means the agreement you are required to sign after passing a Trading Challenge but before admission to the Remote Trader Program.

Services
1. The Company provides two services: (a) Trading Challenge and (b) Remote Trader Program (collectively “Services”).
2. The Trading Challenge is a trading education and evaluation service. The fee to participate in a Trading Challenge depends on the forthcoming Initial Funding.
3. Trading Challenges are non-returnable and non-refundable, except for the circumstances described in section Refunds.
4. If You pass the Trading Challenge, You may be enrolled in the Remote Trader Program. To pass the Trading Challenge, You must reach the Profit Target without breaking any Rules and complete a minimum of three Trading Days.
5. If You fail the Trading Challenge, You will not be enrolled in the Remote Trader Program. You can purchase another Trading Challenge and try again. As long as the Agreement is effective, You can purchase and participate in unlimited Trading Challenges.
6. If you breach any Risk Management Rules, You will fail the Trading Challenge or be disqualified from the Remote Trader Program, as the case may be, which means all open positions in Accounts will be liquidated, and any pending orders will be cancelled.
7. If you violate the Trading Rules, the Company may terminate the Agreement.
8. The Company provides You with an Account to participate in Trading Assessments and the Remote Trader Program.
9. The Company has access to monitor Accounts and enforce Risk Management Rules and/or Trading Rules (collectively “Rules”). If a Rule is breached, the Company may close positions, cancel orders or disable Accounts.
10. The Company does not provide You with a brokerage trading account. All orders You submit are executed in a simulated environment. The Company uses Trading Data to operate a proprietary trading strategy. Users participating in the Remote Trader Program are entitled to remuneration based on the profits generated in their Simulated Account, per the terms and conditions expressed herein.
11. The Platform features, such as available trading instruments, leverage, and commissions, can be changed at any time without prior notice.
12. The balance credited to Accounts is not real money, and You have no claim on those funds. All orders are executed in a simulated environment using third-party market data. Therefore, Users shall not be required to cover any losses in the Accounts.
13. The Company provides the Dashboard to access Services, manage Your Profile, view credentials to log in to Platform Accounts, view trading rules and monitor performance. You are responsible for monitoring Risk Management Rules, which are conveniently and transparently shown in the Dashboard.

Registration, Enrollment and Eligibility
1. To access and use the Services, each User must have a Profile. When creating a Profile, You agree to provide accurate, current, and complete information as prompted by the registration form. This includes but is not limited to your full name, email address, and a unique password. You are responsible for keeping this information up-to-date to ensure proper communication and access to your Profile.
2. You are responsible for maintaining the confidentiality of your password and any other access credentials. You agree not to share, disclose, or otherwise make your password or account credentials available to any third party. You are solely responsible for all activities that occur under your Profile, whether or not authorised by You. If you suspect any unauthorised use of your Profile, you must notify us immediately.
3. The Company reserves the right to refuse registration, suspend, or terminate your Profile at its sole discretion, without prior notice, for any reason or no reason, including but not limited to violation of these Terms of Service, providing false or misleading information, or for any other reason we deem appropriate. If your Profile is terminated, you may not be eligible to create a new Profile or access our service without the Company’s prior written consent.

Single Household Participation
1. To maintain the integrity of the Services, we do not allow multiple Accounts or participation by individuals from the same family or household. Each participant must represent a unique individual, and accounts must be independently created and managed.
2. For the purposes of this clause, “family or household” is defined as individuals who reside at the same physical address (e.g., partner, roommates or unrelated individuals sharing the same address) or share familial relations (e.g., parent, sibling, spouse, child, etc.).
3. The Company reserves the right to verify participant identity and residency, including, but not limited to, requesting proof of identification, address, or relationship status. Accounts found to be in violation of this clause will be subject to temporary suspension or Termination.
4. Requests for exceptions may be submitted for review. Exceptions are granted solely at our discretion and must be approved in writing.

Prohibited Jurisdiction List
1. PipFarm cannot cooperate with Users from the following jurisdictions: Afghanistan, the Central African Republic, the Congo Republic, Crimea, the Democratic Republic of Congo, Iran, Libya, North Korea, Somalia, South Sudan, Sudan, Syria and Yemen.

Restricted Individuals
1. To safeguard the proprietary systems, strategies, and processes of our Services, participation is strictly prohibited for individuals employed by or affiliated with competitors offering similar Services. This includes, but is not limited to, those in management, risk management, compliance, or other operational and leadership roles within such firms.
2. Participants must disclose any current or prior affiliations with competitors during the application process or immediately upon becoming affiliated with a competing firm. Failure to disclose such affiliations may result in immediate termination from the program, forfeiture of any profits, and potential legal action.
3. Individuals from competitors who wish to participate in the program must seek and obtain prior written permission. Permission is granted solely at our discretion and may be subject to additional terms and conditions.
4. We reserve the right to investigate affiliations with competitors at any time. If a violation of this clause is discovered, the Company may take corrective action, including but not limited to account suspension, termination, and loss of simulated profits.

Remote Trader Program Participation
1. Users who pass a Trading Challenge are provided with a one-time enrollment in the Remote Trader Program. Users enrolled in the Remote Trader Program shall perform their duties as independent contractors and not as employees, agents or representatives of the Company. Besides the terms and conditions described herein, the Company is not responsible and does not manage the decisions or actions taken by the User.
2. You will be required to sign our Remote Trader Program Agreement before enrolment to the Remote Trader Program. You may request the draft contract from the Company at any time.
3. Users participating in the Remote Trader Program are given a nominated Account credited with virtual funds (“Simulated Account”) to participate in the program. The Initial Funding of the Simulated Account shall equal the starting balance of the prior Trading Challenge.
4. The User is entitled to a Performance Fee based on the profit generated in the Simulated Account. The Reward shall be a percentage of the realised profit. Withdrawals shall cause the High Water Mark and Profit Target progress to be recalculated accordingly.
5. The User may be responsible for their own income tax obligations and social contributions. Reward payouts shall be settled with the User via Riseworks or another payment method, if available.
6. Payouts can only be requested if all positions in the Account are closed and the profit exceeds the minimum payout amount. Once requested, the balance shall be withdrawn from the Account, and the User may continue trading immediately.
7. Each User can request their first payout on-demand and then every 14 days calendar days. All earnings in the Account are expressed in the currency chosen when purchasing the Trading Challenge. If a User requests a payout in another currency, the payment service provider will convert the currency. Payouts will be processed within 36 business hours, Monday through Friday, except for major bank holidays.
8. The Remote Trader Program consists of multiple tiers of funding, where the balance allocated to a Simulated Account is scaled by increasing the starting balance. Scaling can be triggered after Profit Target is reached. All positions in a Simulated Account will be closed when the Profit Target is reached. Upon Scaling, a new Simulated Account will be created with additional balance, based on the formula: initial balance + (initial balance * increment * current level).
9. The Company may require You to close some positions by 21:30 GMT (20:30 GMT during US daylight savings time) on the last trading day of each month. The Company will automatically close any remaining positions after that time. The User can continue trading after 22:00 GMT (21:00 GMT during US daylight savings time).

Payment terms
1. All payments are due upfront. Fees are shown on the checkout screen based on the chosen Account. Once You have completed payment for your Trading Challenge, it will be delivered immediately. The Service will be considered delivered the moment an order is executed in the Account. It is not possible to exchange for another Service once an order is executed.
2. By purchasing a Trading Challenge, you acknowledge and confirm that all prior purchases have been received in good condition, as advertised, free of defects or issues, and fully accepted as satisfactory. You further agree that no claims, disputes, or chargebacks regarding any previous purchases will be initiated or entertained following this acknowledgement.
3. The Company reserves the right to increase or decrease fees or offer and revoke promotions at any time.
4. While the Company accepts payment through various methods, such as credit cards, e-wallets and cryptocurrencies, it’s not guaranteed that all methods will be available to all Users at all times.
5. The Company reserves the right to change or modify payment terms, Fees, or accepted payment methods without prior notice.
6. All Fees are exclusive of any sales taxes. Depending on your jurisdiction, You may be required to pay sales tax. In some cases, the Company may collect sales taxes at the time of purchase.
7. If You lodge an unjustifiable complaint regarding the paid fee or dispute the paid fee with Your bank or payment service provider (e.g. through chargeback services, dispute services, or other similar services), on the basis of which an annulment, cancellation or refund of the fee or any part thereof is requested, the Company is entitled to stop providing Services.
8. You are prohibited from buying Trading Challenges for other Users or using payment methods issued to other people to buy your Trading Challenge. The Company may request proof of payment at any time.

Refunds
1. If you purchase a Trading Challenge and, for any reason, You decide to cancel, You are eligible for a refund if you cancel within 5 calendar days of purchasing the Trading Challenge and You cancel before starting the Trading Challenge. A Trading Challenge is considered to have started if You open one or more orders (pending or completed) in the Account. The Company does not provide refunds after 5 calendar days have passed or the Trading Challenge was started.
2. After requesting a refund, You cannot buy another Trading Challenge for 14 calendar days.
3. You may also be eligible for a refund if Your ID Verification is not approved, provided you cooperated fully with all requests and provided all the required information. The Company shall issue refunds related to failed ID Verification at its discretion.
4. If you have received one or more profit share Rewards, you will not be entitled to receive a refund for any passed or failed Trading Challenges except for the most recent purchase.

Verification
1. To participate in the Remote Trader Program, You must pass the ID Verification process. Verification is performed after passing a Trading Challenge for the first time. You must complete ID Verification via one of our chosen providers, ComplyCube or Veriff.
2. To perform ID Verification, the Company will ask You to provide and do the following:
  1. Upload a picture or scan of Your identity document, such as Your passport or national ID;
  2. Take a selfie to verify You are the same person shown in the document;
  3. In some cases, the Company may request:
    1. a recent document to prove Your address, such as a bank statement or utility bill;
    2. a short video call if any of the above details cannot be verified.
3. The Company may request additional information to perform ID Verification. The Company may not approve your ID Verification and does not need to explain the reason for rejection. The Company may ask You to verify Your identity on multiple occasions and seek additional information or clarification in the future.

Risk Management Rules
1. If You breach one of the following Risk Management Rules, You will fail a Trading Challenge or be disqualified from the Remote Trader Program, as the case may be.
2. Daily Drawdown (DDD) Rule: If Account equity falls below the DDD limit, positions will be liquidated, the Account will be disabled, and You will be disqualified from the Program.
  The daily drawdown rule is triggered using the following formula: (previous EOD balance – equity) ÷ (previous EOD balance ) ≥ DDD%.
3. Trailing Max Drawdown (TDD) Rule: If Account equity falls below the max drawdown limit, Your positions will be liquidated, the Account will be disabled, and You will be disqualified from the Program.
  The TDD rule is triggered using the following formula: (HWM – equity ÷ HWM) ≥ MDD%.
4. Static Max Drawdown (SDD) Rule: If Account equity falls below the Static Max Drawdown limit, Your positions will be liquidated, the Account will be disabled, and You will be disqualified from the Program.
  The SDD rule is triggered using the following formula: (Starting balance – equity) ÷ starting balance ≥ SDD%.
5. Inactivity Rule: The Account will be considered inactive if no closing orders are executed for 28 consecutive calendar days or if you do not reach the Profit Target in the Trading Challenge within 365 days.
6. Stop Out: If your margin level in the Platform falls below 100%, your positions will start to be closed and your account will be liquidated.

Prohibited Trading Practices
1. We seek and support talented traders with unique trading strategies. However, we do not tolerate Users who exploit the Services to the detriment of the Company. Therefore, we have established these Prohibited Trading Conduct, which all Users must follow. Unlike the above-mentioned Risk Management Rules, which allow future participation in Trading Challenges, violating these Trading Rules will result in Termination.
2. It is prohibited to:
  1. Use exploitative trading strategies which cannot reasonably be utilised for proprietary trading strategies, such as high-frequency trading, news straddling, latency arbitrage, triangular arbitrage and exploitative methods;
  2. Pooling or hedging risk of multiple accounts using the same or opposite trading strategies in PipFarm or similar services;
  3. Aggregating the activities of multiple individuals under a single Account;
  4. Trading on behalf of others or having others trade on your behalf;
  5. Use a commercial trading robot that You purchased from a third party without any adjustment to strategy;
  6. Use a copy trading or managed account services, such as MQL5 or ZuluTrade;
  7. Use a third party to pass a Trading Challenge on your behalf;
  8. Breach of the End User License Agreement of the Platforms.
  9. Cross-Account Risk Manipulation in Simulated Accounts, which is considered opening positions of the same instrument at various price levels across different Simulated Accounts to exploit differences in account rules, limits or conditions to offset or neutralise the personal risk in another account, thereby circumventing the intended risk controls or consistency rules of the Remote Trader Program. For example:
    
    A trader manages two Simulated Accounts: Account A and Account B. In Account A, a trader opens a buy position for 10 units of XAU/USD at 2,500; the price falls to $2,480, and the unrealised loss becomes $200. Then, a trader opens a new buy position for 10 lots of XAU/USD in Account B at $2,480 and closes both positions in both accounts at $2,495. In consequence, Account B has a $150 profit, and Account A has a $50 loss.
  10. Manipulating Profitable Day and Consistency Rule requirements can be easily achieved by partially closing and reopening the same position when a new trading day begins. This is considered manipulating the requirement.
  11. Hedging Techniques to Manipulate Program Rules, is when a User strategically hedges positions by opening offsetting positions to manipulate program rules, such as Max Trailing Loss, Max Daily Loss, Consistency Score, Profitable Trading Day and Trading Day rules. Hedging is allowed purely for taking multiple trading opportunities on the same trading pair but should not be used to exploit the aforementioned program rules.
3. Any challenges passed using Prohibited Trading Practices will be automatically considered failed, and any profits in Simulated Accounts identified as resulting from these activities may be considered invalid and subject to forfeiture.
4. If the Company suspects that you have violated any of the aforementioned rules, it may temporarily suspend your Services and conduct an investigation. Failure to comply with the investigation may lead to Termination.

Right to Adjust Trading Conditions
1. You understand that risk is dynamic and continuously evolving. Therefore, the Company reserves the right to modify, adjust, or amend the trading conditions of the Funded Trader Program at its sole discretion. This includes, but is not limited to:
2. Temporarily disable or discontinue trading instruments;
3. Apply changes to margin requirements (leverage);
4. Decrease position size or close positions;
5. Adjust exposure limits to Simulated Accounts or trading instruments.
6. The Company will endeavour to provide reasonable notice of such changes, but the User acknowledges and agrees that immediate adjustments may be necessary. The User understands that all changes will be reflected in the Platform or Dashboard. The User is responsible for regularly reviewing the Platform or Dashboard to stay informed of any updates to contract specifications prior to entering positions. Failure to review or understand these changes does not absolve the User of responsibility or liability for their trading decisions.

Company’s Right to Modify Program Terms
1. Many Remote Trader Program features are dynamically adjusted based on performance in the Experience Program. Therefore, the Company reserves the right to modify, adjust, or amend the Funded Trader Program at its sole discretion. This includes, but is not limited to:
  1. Change the Daily Drawdown Rule, Trailing Max Drawdown Rule, Static Max Drawdown Rule;
  2. Change the Performance Fee;
  3. Change the Initial Balance;
  4. Change minimum Reward payout amount;
  5. Change the Reward Interval;
  6. Change the Scaling Increment.

Rewards
1. The Company agrees to pay You a percentage of the simulated profit generated in the Simulated Account.
2. You can view your eligibility and submit a Reward request from the Dashboard.
3. The Reward varies depending on your Rank in the Experience Program. The default reward is 70% of the simulated profit.
4. Net profits are defined as gross profits minus any associated trading costs, including but not limited to brokerage fees, swaps and financing costs.
5. You are an independent contractor, and nothing in this Agreement shall be interpreted as creating an employer-employee relationship, a partnership, or a joint venture between the parties.

Payout Protection Feature
1. The Company provides the Payout Protection feature to eligible Users. This feature ensures that Users who breach their simulated funded accounts but have generated profits are still entitled to receive their profit share, subject to the conditions outlined below.
2. Eligibility for the Payout Protection feature is contingent upon strict adherence to the program’s profitable trading day rule and/or consistency score requirements. Users failing to meet these conditions, even if they have realized profits, will not qualify for the Payout Protection feature. To qualify for the Payout Protection feature, You must meet the following criteria:
  1. The Simulated Account must exceed the minimum profit required to request a payout;
  2. You must meet the payout eligibility requirements, including compliance with the profitable trading day rule and/or minimum trading days and/or maintaining an acceptable consistency score, as defined in the program guidelines.
  3. You must not have engaged in prohibited activities, such as violating trading rules, attempting to manipulate results, or breaching program integrity.
  4. The breach must not result from actions deemed fraudulent or abusive herein.
3. Users eligible for Payout Protection will receive their profit share based on the profits in the account prior to the breach. The profit share will be calculated according to the standard profit split percentage agreed upon in the Welcome Email.
4. The payout will be processed within the usual payout cycle following the account review and confirmation of eligibility.

Kill Switch
1. The Kill Switch is an account equity protector in the PipFarm dashboard that aims to close all positions at a specified level. All positions are automatically closed when your account equity reaches the limit or target. The Kill Switch is triggered when your account equity reaches or exceeds the value specified. It is not guaranteed that your account balance will match the entered value. While this feature is incredibly precise, it will not effectively protect your account from price jumps or gaps. Always add a buffer to your stop loss. The Company is not liable to compensate you if the Kill Switch is not triggered during adverse conditions.

Access to Public Communities
1. Participation in the Company’s public communities, including, but not limited to, Discord, Telegram and other social media and chat platforms, is not an entitlement to Users. These communities are open to the public and operate under separate rules and guidelines, including those regarding behaviour and conduct.
2. The Company reserves the right to moderate or restrict access to these communities for any individual, including Users. Users are expected to adhere to the community rules and guidelines when participating, and any inappropriate or disruptive behaviour may result in removal or additional consequences as determined by the community’s moderators.
3. By signing this Agreement, the User acknowledges that access to public communities is independent of their participation in the funded trading program and subject to the separate terms governing those communities.

Trading Data
1. The Company is not obligated to back up any Trading Data. Your Trading Data may be deleted at any time without prior notice.
2. You hereby grant (and you represent and warrant that you have the right to grant) to the Company an irrevocable, nonexclusive, royalty-free and fully-paid worldwide license to reproduce, distribute, publicly display and perform, prepare derivative works of, incorporate into other works, and otherwise use and exploit your Trading Data, and to grant sublicenses of the foregoing rights, solely for including your Trading Data. You hereby irrevocably waive any claims and assertions of moral rights or attribution with respect to your Trading Data.

Website Content
1. The content provided on our websites and applications is for general informational purposes only and is subject to change without notice. While we strive to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, Any reliance on such information is strictly at your own risk. We are not obligated to update any information that becomes outdated or obsolete.
2. The opinions and analyses included in the content of this website are for informational and educational purposes only and should not be considered investment advice, nor do they constitute any form of recommended trading or investment strategy. We do not make any representations or warranties regarding the accuracy or completeness of such information. You are responsible for evaluating the accuracy, completeness, or usefulness of any information, opinion, advice, or other content available through the website. Please seek the advice of professionals, as appropriate, regarding evaluating any specific information, opinion, advice, or other content.
3. Users may post their own content, including but not limited to comments about securities in which they have a financial or other interest. Any performance data provided may reflect other users’ holdings and not those of the website. We do not verify the accuracy, completeness, or usefulness of any information presented and are not responsible for the accuracy of performance data. The website does not endorse any user-generated content and is not liable for any losses or damages from reliance on such content. Nothing on the website constitutes investment advice; all information is provided for educational purposes only.
4. Our website may contain links to third-party websites or resources that we do not own or control. These links are provided solely for your convenience and do not signify our endorsement of such websites or their content. We have no control over and assume no responsibility for any third-party websites or services’ content, privacy policies, or practices. You acknowledge and agree that we shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such websites or services. We strongly advise you to read the terms and conditions and privacy policies of any third-party websites or services you visit.

Term and Termination
1. The term of this Agreement will begin when You purchase a Service and will continue until either the Company terminates Your access to the Services or You stop using the Service.
2. The Company reserves the right to terminate the Services at its sole and absolute discretion and without prior notice.
3. Upon Termination for Cause, the Company will suspect your access to all Services. You will be unable to access your Profile or assigned Accounts.

Changes to the Agreement
1. The Company may modify or amend this Agreement upon providing 24 hours’ notice to You. Your continued use of the Services after the Agreement changes become effective constitutes Your acceptance.

Disclaimers

THE SERVICE IS PROVIDED ON AN “AS-IS” AND “AS-AVAILABLE” BASIS, AND THE COMPANY (AND OUR SUPPLIERS) EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING ALL WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, ACCURACY, OR NON-INFRINGEMENT. WE (AND OUR SUPPLIERS) MAKE NO WARRANTY THAT THE SITE WILL MEET YOUR REQUIREMENTS, WILL BE AVAILABLE ON AN UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE BASIS, OR WILL BE ACCURATE, RELIABLE, FREE OF VIRUSES OR OTHER HARMFUL CODE, COMPLETE, LEGAL, OR SAFE. IF APPLICABLE LAW REQUIRES ANY WARRANTIES WITH RESPECT TO THE SITE, ALL SUCH WARRANTIES ARE LIMITED IN DURATION TO NINETY (90) DAYS FROM THE DATE OF FIRST USE.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU. SOME JURISDICTIONS DO NOT ALLOW LIMITATIONS ON HOW LONG AN IMPLIED WARRANTY LASTS, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE COMPANY (OR OUR SUPPLIERS) BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFITS, LOST DATA, COSTS OF PROCUREMENT OF SUBSTITUTE PRODUCTS, OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING FROM OR RELATING TO THESE TERMS OR YOUR USE OF, OR INABILITY TO USE, THE SITE, EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF, THE SITE IS AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR DEVICE OR COMPUTER SYSTEM OR LOSS OF DATA RESULTING THEREFROM.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY DAMAGES ARISING FROM OR RELATED TO THESE TERMS (FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION), WILL AT ALL TIMES BE LIMITED TO A MAXIMUM OF FIFTY US DOLLARS (U.S. $50). THE EXISTENCE OF MORE THAN ONE CLAIM WILL NOT ENLARGE THIS LIMIT. YOU AGREE THAT OUR SUPPLIERS WILL HAVE NO LIABILITY OF ANY KIND ARISING FROM OR RELATING TO THESE TERMS.

SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU.

Severability
1. If any provision of this Agreement is deemed invalid or unenforceable by a court of competent jurisdiction, such provision shall be deemed severable, and the remaining provisions of this Agreement shall continue to be valid and enforceable.
2. No waiver of any term or condition of this Agreement shall be deemed a further or continuing waiver of such term or condition or any other term or condition, and any failure by the Company to assert a right or provision under this Agreement shall not constitute a waiver of such right or provision.

Force Majeure
1. Neither party shall be held liable or responsible for any failure or delay in the performance of its obligations under this Agreement due to circumstances beyond its reasonable control, including but not limited to acts of God, natural disasters, wars, terrorist acts, riots, strikes, labour disputes, embargoes, governmental actions, orders or regulations, national or regional emergencies, epidemics, pandemics, explosions, fires, floods, earthquakes, or any other unforeseeable and unavoidable events or circumstances that make it impossible or commercially unreasonable for a party to perform its obligations under this Agreement (collectively, “Force Majeure Events”).
2. In the event of a Force Majeure Event, the affected party shall promptly notify the other party in writing of the nature and extent of the event, the anticipated duration of the event, and the anticipated impact on its performance under this Agreement. The affected party shall use commercially reasonable efforts to mitigate the effects of the Force Majeure Event and resume the performance of its obligations as soon as reasonably possible.
3. The time for performance of the affected party’s obligations shall be extended for a period equal to the duration of the Force Majeure Event, provided that if the Force Majeure Event continues for a period of more than 10 consecutive days, either party may terminate this Agreement upon written notice to the other party without incurring any liability, subject to any payment or other obligations that accrued prior to the occurrence of the Force Majeure Event.
4. If the Force Majeure Event affects the performance of both parties, the parties shall negotiate in good faith to reach a mutually agreeable solution to address the impact of the Force Majeure Event on the performance of their respective obligations under this Agreement.

Governing Law
1. This Agreement is governed by and construed in accordance with the laws of Singapore. By using our Service, you consent to the exclusive jurisdiction of the courts of Singapore for the resolution of any disputes arising out of or in connection with this Agreement or your use of our Service.
2. Notwithstanding the foregoing, we reserve the right to seek injunctive or other equitable relief in any court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation, or violation of our intellectual property rights, as set forth in these Terms of Service.

Copyright/Trademark Information
1. Copyright © 2023 ECI Ventures Pte. Ltd. All rights reserved. All trademarks, logos and service marks (“Marks”) displayed on the Site are our property or the property of other third parties. You are not permitted to use these Marks without our prior written consent or the consent of such third party which may own the Marks.

Intellectual Property
1. Nothing in this Agreement shall be construed as granting, either expressly or by implication, any license or right to use any of our Intellectual Property, except as expressly permitted by this Agreement or with the Company’s prior written consent. You agree not to copy, reproduce, republish, modify, adapt, distribute, transmit, broadcast, display, sell, license, or otherwise exploit any Intellectual Property without the Company’s express written consent. Any unauthorised use of the Company’s Intellectual Property may result in a violation of the Agreement and may subject you to legal action, including, but not limited to, claims for damages and injunctive relief.

Entire Agreement
1. This Agreement and the appendices attached herein contain the entire agreement between the Company and the User regarding the Services and supersedes all prior understandings, agreements, or representations between the Parties, whether written or oral.

Contact Us
1. If you have any questions,
  concerns, or comments regarding this Agreement, please feel free to contact us using the information
  provided below:
  ECI Ventures Pte. Ltd.
  68 Circular Road #02-01, 049422, Singapore
  support@pipfarm.com

Appendix A – Terms of Experience Program

Introduction
1. This Appendix serves as an Addendum to the General Terms and Conditions (“General Terms”) and sets forth the terms and conditions applicable to the Experience Program (herein “Program”) the Company offers. All Users are automatically enrolled in the Program upon any purchase. By making a purchase, you are deemed a Participant in the Program and agree to be bound by the terms of this Addendum, along with any changes or modifications we may make.

Program Overview
1. The Program rewards Participants for various achievements while using the Services. Points are accrued based on achievements, but these points are not redeemable for individual rewards or perks. Instead, accumulating points increases a Participant’s rank within the Program. Higher ranks unlock access to new and exclusive rewards.

Points and Ranks
1. Accumulation of Points: Points earned through the Program serve to track the Participant’s
  achievements and loyalty to the Company. These points accumulate to elevate the
  Participant’s status rank within the Program.
2. Non-Financial Value: Points earned through the Program have no cash value and cannot be
  exchanged for money. They serve solely as a means to redeem perks within the Loyalty
  Program.
3. Status Ranks and Rewards: As Participants accumulate points and ascend through different
  status ranks, they unlock new rewards. These rewards vary by rank and may include exclusive
  offers, services, or privileges available to the Participant at the start of the next new
  Account following their qualification for a new rank. The rewards provided through the
  Program may modify some conditions described in the General Terms to provide advantages to
  Program participants.
4. Non-Transferability of Points: Points are
  strictly non-transferable and are intended to reflect the individual Participant’s
  engagement with the Company. They are tied to the Participant’s account and cannot be
  transferred under any circumstances.

Modification and Termination of Program
1. Modifications to the structure of the Program, including the criteria for accumulating points and ascending ranks, as well as the nature of rewards associated with each rank, remain at the Company’s sole discretion. The Company reserves the right to modify or terminate the Program without prior notice. Upon such modification or termination, the opportunity to accumulate further points and ascend in rank may be altered or ceased.

Company’s Right to Modify Program Terms
1. Many Remote Trader Program features are dynamically adjusted based on performance in the Experience Program. Therefore, the Company reserves the right to modify, adjust, or amend the Funded Trader Program at its sole discretion. This includes, but is not limited to:
  1. Change the Daily Drawdown Rule, Trailing Max Drawdown Rule, Static Max Drawdown Rule;
  2. Change the Performance Fee;
  3. Change the Initial Balance;
  4. Change minimum Reward payout amount;
  5. Change the Reward Interval;
  6. Change the Scaling Increment;
  7. Require a Profit Buffer;
  8. Change the Profit Buffer.

Program Integrity and Fair Use
1. The Company reserves the right to monitor Participant activity for potential abuse of the Loyalty Program. Abuse includes, but is not limited to, fraud and attempts to exploit rewards inconsistent with the terms of this Addendum or the spirit of the Program.
2. The number of XP that can be earned in a Calendar Month starting on the first day of each month is 20 XP by purchasing Trading Challenges.
3. Should any activity be identified that compromises the Program’s integrity or violates the principle of fair use, the Company may undertake appropriate measures. These measures include revocation of accrued status, suspension or termination of program participation, termination of our cooperation under the General Terms and Conditions, and, if necessary, legal action.
4. We aim to ensure a level playing field where all participants can enjoy the benefits of the Program without being disadvantaged by unfair practices.

Rights and Responsibilities
1. Automatic enrollment in the Loyalty Program does not affect your rights or responsibilities under the existing General Terms and Conditions Agreement with the Company, which governs all transactions and interactions with the Company.

Disclaimer of Liability
1. The Company shall not be liable for any loss or damage arising from your participation in the Loyalty Program, changes to or termination of the Program, or any rewards, products, or services provided in addition to that.

Acknowledgement
1. By using the Services and participating in the Program, you acknowledge that you have read, understood, and agree to be bound by this Addendum and any modifications thereto.

Precedence of Addendum
1. This Addendum is in addition to the General Terms between you and the Company. In the event of any conflict between this Addendum and the Agreement, the terms of this Addendum concerning the Program will prevail.

Incorporation and Continuity of General Terms
1. Unless expressly modified or addressed herein, all terms, conditions, and provisions stipulated in the General Terms and Conditions Agreement, including but not limited to Governing Law, Contact Information, and Disclaimer of Liability, remain in full force and effect and are hereby incorporated by reference. Participants are encouraged to review the original agreement for detailed information on these clauses.

PipFarm General Terms and Conditions

Appendix A – Terms of Experience Program

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