Terms and Conditions

PipFarm General Terms and Conditions

Last updated: April 15, 2024

These terms and conditions (the “Agreement”) create a contract between you (“You” or the “User”) and ECI Ventures Pte. Ltd., trading as PipFarm (www.pipfarm.com), 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

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.

The effective date of the Agreement is the date You register to use the Services.

You must be 18 years of age or older to use the Services.

You may not use the Services if you are a citizen or resident of a country in the prohibited jurisdiction list.

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 cTrader platform, which is used to participate in Screening Tests and the Remote Trader Program;

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

Performance Fee means the fee that a User participating in the Remote Trader Program may request from their Account;

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

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

Trading Rules are defined in the section Trading Rules;

Trading Days are a calendar day where a new position is created in the Platform;

Previous End-of-day (EOD) Balance means the balance of an Account at 21:00 UTC on the previous day.

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

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

Seed Funding means the amount of funding the User requests when starting a Screening Test;

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 that You generate while using the Services, such as the orders, positions and deals created in Accounts.

Services

The Company provides two services: (a) Screeing Test; (b) Remote Trader Program (collectively “Services”).

The Screening Test is a trading education and evaluation service. The fee to participate in a Screening Test depends on the forthcoming Seed Funding.

Screening Tests are non-returnable and non-refundable, except for the circumstances described in section Refunds.

If You pass the Screening Test, You may be enrolled in the Remote Trader Program. To pass the Screening Test, You must reach the Profit Target without breaking any Rules and complete a minimum of three Trading Days.

If You fail the Screening Test, You will not be enrolled in the Remote Trader Program. You can purchase another Screening Test and try again. As long as the Agreement is effective, You can purchase and participate in unlimited Screening Tests.

If you breach any Risk Management Rules, You will fail the Screening Test 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.

If you violate the Trading Rules, the Company may terminate the Agreement.

The Company provides You an Account to participate in Trading Assessments and the Remote Trader Program.

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.

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 Account.

The Platform features, such as available trading instruments, leverage, and commissions, can be changed at any time without prior notice.

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.

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.

Remote Trader Program Participation

Users who pass a Screening Test 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.

Users participating in the Remote Trader Program are given a nominated Account credited with virtual funds (“Funded Account”) to participate in the program. The Seed Funding of the Funded Account shall equal the starting balance of the prior Screening Test.

The User is entitled to a Performance Fee based on the profit generated in the Funded Account. The Performance Fee shall be a percentage of the realised profit. Withdrawals shall cause the High Water Mark and Profit Target progress to be recalculated accordingly.

The User may be responsible for providing the Company with an invoice for the payment and is responsible for their own income tax obligations and social contributions. Invoices shall be settled with the User via Riseworks or another payment method, if available.

Payouts can only be requested if all positions in the Account are closed, and there is at least a 3% profit in the account. The minimum payout that can be processed is 3% of the Starting Balance. Once requested, the balance shall be withdrawn from the Account, and the User may continue trading immediately.

Each User can request their first payout after three Trading Days and then every 14 days. All earnings in the Account are expressed in the currency chosen when purchasing the Screening Test. If a User requests a payout in another currency, a currency conversion shall be performed at a rate determined by the payment service provider. Payouts shall be processed within 36 business hours, Monday to Friday, except for major bank holidays.

The Remote Trader Program consists of multiple tiers of funding, where the balance allocated to a Funded Account is scaled by increasing the balance. Scaling can be triggered after 30 Trading Days and the Profit Target is reached. All positions in a Funded Account must be closed to trigger Scaling. Upon Scaling, a new Funded Account will be created with additional balance, based on the formula: initial balance + (initial balance * 50% * current level).

Registration

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.

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.

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.

Payment terms

All payments are due upfront. Fees are shown on the checkout screen based on the chosen Account. Once You have completed payment for your Screening Test, it is not possible to exchange for another Service.

The Company reserves the right to increase or decrease fees or offer and revoke promotions at any time.

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.

The Company reserves the right to change or modify payment terms, Fees, or accepted payment methods at any time without prior notice.

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.

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), based on which an annulment, cancellation or refund of the fee or any part thereof is requested, the Company is entitled to stop providing Services.

Refunds

If you purchase a Screening Test and, for any reason, You decide to cancel, You may be eligible for a refund if you cancel within 5 calendar days of purchasing the Screening Test and You cancel before starting the Screening Test. A Screening Test 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 Screening Test was started.

You may also be eligible for a refund if Your ID Verification is not approved, even though you performed all the necessary steps and provided all the required information. The Company shall issue refunds related to failed ID Verification at its discretion.

Verification

To participate in the Remote Trader Program, You must pass the ID Verification process. Verification is performed after passing a Screening Test for the first time. You must complete ID Verification via our chosen provider, ComplyCube.

To perform ID Verification, the Company will ask You to provide and do the following:

Upload a picture or scan of Your identity document, such as Your passport or national ID;
Take a selfie to verify You are the same person shown in the document;
A recent document to prove Your address, such as a bank statement or utility bill.

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.

You may be required to perform additional ID Verification steps if you are onboarded as a contractor via our human resource management platform, Rise.io.

Risk Management Rules

If You breach one of the following Risk Management Rules, You will fail a Screening Test or be disqualified from the Remote Trader Program, as the case may be.

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%.

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) ≥ TDD%.

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%.

Inactivity Rule
If no orders have been executed in 14 consecutive calendar days or You do not reach the Profit Target in an Account in 365 days, the Account will be considered inactive.

Trading Rules

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 Trading Rules, which all Users must follow. Unlike the above-mentioned Risk Management Rules, which allow future participation in Screening Tests, violating these Trading Rules will result in Termination.

It is prohibited to:

Use exploitative trading strategies which cannot reasonably be utilised for proprietary trading strategies, such as high-frequency trading, latency arbitrage, triangular arbitrage, news straddling and exploitative methods;
Pooling or hedging risk of multiple accounts using the same or opposite trading strategies in PipFarm or using other services in combination;
Aggregating the activities of multiple individuals under a single Account;
Trading on behalf of others;
Use a commercial trading robot that You purchased from a third party;
Use a copy trading or managed account services, such as MQL5 or ZuluTrade;
Use a third party to pass a Screening Test on your behalf;
Breach of the End User License Agreement of the Platforms.

Profit Sharing

The Company agrees to pay You a percentage of the net profits generated in the Funded Account.

You can submit a Performance Fee request from the Dashboard at any time or send an invoice via email to finance@pipfarm.com. Performance Fee payments are only processed if the Account exposure is zero at midnight UTC on the payment date, which will be displayed in the Dashboard.

The Performance Fee varies depending on the cumulative amount withdrawn from a Funded Account. The Performance Fee for:

the first 3% withdrawn is 70%;
the following 3% (3-6%) is 75%;
the following 3% (6-9%) is 80%;
the following 3% (9-12%) is 85%; and
anything above 12% is 90%.

Net profits are defined as gross profits minus any associated trading costs, including but not limited to brokerage fees, swaps and financing costs.

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.

Scaling Bonus

The Company will pay You a one-time bonus when You scale Your Funded Account to level 1 (“Scaling Bonus”). The Scaling Bonus is only paid once, the first time you reach level 1. The Scaling Bonus shall be 1% of your Seed Funding. For example, if Your Seed Funding was $10,000, your Scaling Bonus shall be $100.

Trading Data

The Company is not obligated to back up any Trading Data. Your Trading Data may be deleted at any time without prior notice.

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

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.

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.

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.

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.

Prohibited Jurisdiction List

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, the United States of America and Yemen.

Term and Termination

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.

The Company reserves the right to terminate the Services at its sole and absolute discretion and without prior notice.

Changes to the Agreement

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

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.

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

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”).

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.

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.

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

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.

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

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

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

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

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
+65 31255229
support@pipfarm.com

Appendix A – Terms of Experience Pips Program

Introduction

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 Pips 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

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

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.

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.

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.

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

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.

Program Integrity and Fair Use

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.

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.

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

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

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

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

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

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.

Appendix B – Terms of Weekly Bonus Trading Contest

This Appendix serves as an Addendum to the General Terms and Conditions and sets forth the terms and conditions applicable to the Weekly Bonus Trading Contest (herein “Contest”) conducted by the Company. By engaging in the Contest, you are deemed a Contestant and agree to be bound by the terms of this Addendum, along with any changes or modifications we may make.

Contest Overview

The Contest intends to reward genuine performance based on merit.
The Competition runs weekly, starting at 21:01 UTC on Friday and ending at 20:59 UTC the following Friday (hereafter “Period”).
The winner is the participant who accumulates the most pips during the Period.
Only pips from closed positions are counted. For positions opened in previous Periods, only the pips earned during the Period, based on the opening price of the new Period, are counted.
The winner of the Contest will receive a cash prize.
The cash prize amount may vary each week and will be confirmed before the start of each Period.

Eligibility and Participation

To be eligible for the Contest, Contestants must be active members of our Discord community.
Contestants must consent to share their participation publicly and confirm receipt of any rewards to ensure transparency.
Contestants agree to allow us to publish a summary of their performance that led to their victory.
Users enrolled in a Screening Test or Funded Account at the start of the Period may participate in the Contest.
Contestants must adhere to the risk management guidelines detailed in the General Terms and Conditions. Failure to comply with these guidelines will result in disqualification from the current Contest round.
By participating in the Contest, you agree to the publication of your participation and the summary of your performance that led to winning. This is to maintain transparency and integrity of the Contest.
The specific details to be published will respect privacy. Only your Discord username and display name will be published.
Winners will be notified by email about winning the Contest. Winners shall be announced in the PipFarm Discord server.

Prizes

Winners receive a cash prize, with amounts determined weekly and subject to adjustment.
Prizes aim to reward fair and genuine performance.
Prizes will be paid via:
- A coupon redeemable for services offered by the Company.
- Added to any future profit share payments due to the winner.
- One of the payment methods offered at the Company’s discretion.
Winners will choose their preferred payment method post-contest.

Contestant withdrawal

Contestants may withdraw from the Contest at any time by notifying us via our designated communication channels.
Should a winner withdraw or be disqualified, the runner-up shall be deemed the winner for that week.

Adjustments and termination

We reserve the right to withdraw, cancel, suspend, or modify the Contest or any part of it at any time without prior notice for any reason.
Any changes to the Contest, including the termination or suspension, will be communicated as early as possible.

Disclaimer of Liability

Acknowledgement

By participating in the Contest, you acknowledge having read, understood and agreed to be bound by this Addendum, in addition to the General Terms and Conditions.

Precedence of Addendum

This Addendum is in addition to the Agreement 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.