October 1, 2024
MV Funded
General Terms & Conditions
These MV Funded General Terms & Conditions (the “GTC”) govern rights and obligations in connection with the use of services provided by MV Funded Ltd, related tools, features and software applications (the “Services”), offered mainly through the www.mvfunded.com website (the “Website”). Please read these GTC carefully. You are under no obligation to use the Services if you do not agree or understand any portion of these Terms, nor should you use the Services unless you understand and agree to these Terms.
1. INTRODUCTORY PROVISIONS
1.1. These GTC govern your (“you”, “your”, or the “Customer”) rights and obligations in connection with the use of the Services provided by MV Funded Ltd, a company with its registered office at Sofouli, 2, Chanteclair Building, 6th Floor, Office 602, 1096, Nicosia, Cyprus, registration number HE 461715 (“we”, “our”, or the “Provider”).
1.2. By registering on the Website or, where registration is not required, not later than by your first use of the Services, you are entering into a contract with the Provider, the subject of which is the provision of the Services of your choice. The GTC form an integral part of such a contract and, by executing the contract with the Provider, you express your agreement to these GTC.
1.3. The Services are only intended for persons over the age of 18 residing in the country for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws. It is your ultimate responsibility to assess whether you are eligible to use the Service, and not to use any tools to circumvent these rules, such as VPN, identity hiding software and others.
1.4. The Provider shall not provide Services to Customer that: (i) is of nationality or is residing in Restricted Jurisdictions; (ii) is established or incorporated, registered in Restricted Jurisdictions; (iii) is subject to the relevant international sanctions; or (iv) has a criminal record related to financial crime or terrorism. Restricted Jurisdictions means countries determined as such by the Provider and not available for the registration on the Website. The Provider reserves the right to refuse, restrict or terminate the provision of any Services to any Customer at any time at its sole discretion, including for violation of this Clause 1.4. and where the Customer is prohibited to use the Services, which also includes the use of the Client Section and/or Trading Platform.
1.5. The Services consist of the provision of tools for simulated CFD trading, provision of analytical tools, training and educational materials, the access to the Client Section, and other ancillary services, in particular through the Client Section or by the provision of access to applications provided by the Provider or third parties.
Financial market information is used in the simulated trading environment; however, you acknowledge that any trading that you perform through the Services is not real. You also acknowledge that the funds provided to you for demo trading are fictitious and that you have no right to possess those fictitious funds beyond the scope of their use within the Services, and in particular that they may not be used for any actual trading and that you are not entitled to the payment of those funds. Unless expressly agreed otherwise, you will not be paid any remuneration or gains based on the results of your simulated trading, nor will you be required to pay any losses.
1.6. NONE OF THE SERVICES PROVIDED TO YOU BY THE PROVIDER CAN BE CONSIDERED INVESTMENT SERVICES IN ACCORDANCE WITH APPLICABLE LAWS. THE PROVIDER IS NOT A BROKER AND DOES NOT ACCEPT ANY CLIENT DEPOSITS. THE PROVIDER DOES NOT GIVE OR PROVIDE TO YOU ANY GUIDANCE, INSTRUCTIONS, OR INFORMATION ABOUT HOW OR IN WHICH MANNER YOU SHOULD PERFORM TRANSACTIONS WHEN USING THE SERVICES OR OTHERWISE, OR ANY OTHER SIMILAR INFORMATION ABOUT THE INVESTMENT TOOLS TRADED, NOR DOES THE PROVIDER ACCEPT ANY SUCH GUIDANCE, INSTRUCTIONS, OR INFORMATION FROM YOU. NONE OF THE SERVICES CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATIONS. NO EMPLOYEES, STAFF, OR REPRESENTATIVES OF THE PROVIDER ARE AUTHORISED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. SHOULD ANY INFORMATION OR STATEMENT OF ANY EMPLOYEE, STAFF, OR REPRESENTATIVES OF THE PROVIDER BE INTERPRETED AS INVESTMENT ADVICE OR RECOMMENDATIONS, THE PROVIDER EXPLICITLY DISCLAIMS THAT THE SAME IS INVESTMENT ADVICE OR RECOMMENDATIONS AND SHALL NOT BE RESPONSIBLE FOR THEM.
1.7. Your personal data is processed in accordance with the Privacy Policy.
2. SERVICES AND THEIR ORDER
2.1. You can start using the Services through the Website by completing the appropriate registration form. After registration, we will e-mail you the login details for the Client Section and/or Trading Platform and allow you to access them.
2.2. The Services include, among other things, the MV Funded Challenge and Independent Trade Analyst products; these products may differ in the scope of the Services provided (e.g., by analytical tools available to the Customer).
2.3. All data that you provide to us through the registration form, the Client Section, or otherwise must be complete, true, and up to date. You must immediately notify us of any change in your data or update the data in your Client Section. The Customer is responsible for all the provided data being accurate and up to date; the Provider is not obligated to verify the data.
2.4. You acknowledge that you might be required to provide an identification number, tax registration number or other similar information in the registration or order form or in the Client Section, in order to become and be considered an Independent Trade Analyst for the purposes of these GTC and when using the Services, and the provisions of these GTC or the applicable law that grant rights to consumers will not apply to you in the part of scope of any other agreements between you as an Independent Trade Analyst and the Provider.
2.5. The fee for the MV Funded Challenge varies according to the option selected and depends on the amount of the initial capital, the degree of the acceptable risk, the parameters that must be fulfilled so that the conditions of the MV Funded Challenge and the subsequent Independent Trade Analyst Agreement are met, and possibly other configurations. More detailed information on individual options and fees for those options are provided on our website here https://www.mvfunded.com. The final fee will be determined based on the option you select when completing the form for ordering the MV Funded Challenge. The Provider reserves the right to also provide the Services under individually agreed conditions. All individually agreed conditions shall be determined by the Provider at its own discretion. Individual discounts and other benefits may not be combined, unless expressly stipulated otherwise by the Provider.
2.6. The fee is paid for allowing you to access the MV Funded Challenge, or the Services provided under the MV Funded Challenge. The Customer is not entitled to a refund of the fee under any circumstances, including, if the Customer cancels the Customer’s Client Section or requests the cancellation by e-mail, if the Customer terminates the use of the Services or the contract (for example, fails to complete the MV Funded Challenge or meet any requirements of the Independent Trade Analyst Agreement), fails to meet the conditions of the MV Funded Challenge or the Independent Trade Analyst Agreement, or violates these GTC, including in cases where the customer from Restricted Jurisdiction has paid for the Service.
2.7. If the Customer lodges an unjustifiable complaint regarding the paid fee or disputes the paid fee with the Customer’s 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 return of the fee or any part thereof is requested, the Provider is entitled, at its own discretion, to stop providing to the Customer any services and refuse any future provision of any services.
2.8. Your choice of the option of the MV Funded Challenge that you select when making an order shall also apply to the subsequent Independent Trade Analyst Agreement. You will proceed the subsequent phases and, possibly, other products related thereto, with the parameters and the same currency that correspond to the option of the MV Funded Challenge selected by you. Once you make a selection, it is not possible to change it.
If you are ordering a new MV Funded Challenge, the restrictions specified in this clause 2.8 shall not apply.
2.9 The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful completion. The change does not affect the Services purchased before the change is notified (unless otherwise stated).
2.10. Any data entered in the registration form and before purchasing the MV Funded Challenge can be checked, corrected, and amended until the binding order of the Services. The biding order of the Services of your choice is made by purchasing the MV Funded Challenge. The Provider will immediately confirm the receipt of your order to your e-mail address. The order is considered to be completed upon the payment of the fee for the selected option (more on this in clause 3.4), whereby the contract between you and the Provider is executed, the subject of which is the provision of the MV Funded Challenge and, if the conditions of the MV Funded Challenge are met, the Independent Trade Analyst Agreement. The contract is concluded in English. We archive the contract in electronic form and do not allow access to it.
2.11. You acknowledge that in order to use our Services, you must obtain the appropriate technical equipment and software, including third-party software (e.g., software for the use of the Trading Platform), at your own risk and expense. The Website is accessible from the most commonly used web browsers. The internet access, purchase of the equipment, and purchase of the web browser and its updates are at your own risk and expense. The Provider does not warrant or guarantee that the Services will be compatible with any specific equipment or software. The Provider does not charge any additional fees for the internet connection.
2.12. You acknowledge that the providers, including providers of Trading Platform are persons or entities different from the Provider and that their own terms and conditions and privacy policies will apply when you use their services and products. Before sending an order form, you are obligated to read those terms and conditions and privacy policies.
2.13. If the Customer places an unusually large number of orders for the Services within an unreasonably short period of time, the Provider may notify the Customer through the Client Section as a protective precaution to mitigate potentially harmful behaviour of the Customer. If such unreasonable behaviour continues after such notice, we reserve the right to suspend any further orders of the Services by the Customer. If we identify that the unusual behaviour as per this paragraph relates to the Customer’s involvement in Forbidden Trading Practices, we may take respective actions as perceived in Section 5 of this GTC. The Provider reserves the right to determine, at its own discretion, the nature of the behaviour described above and reasonable boundaries for such determination.
3. PAYMENT TERMS
3.1. The amounts of fees for the MV Funded Challenge options are in US Dollars. The fee can also be paid in other currencies or crypto if they are listed on the Website.
3.2. Service charges are inclusive of all taxes. If the Customer is an Independent Trade Analyst, they are obliged to fulfil all tax obligations in connection with the use of our Services in accordance with applicable law, and in the event of an obligation, they are obliged to pay tax or other fees properly.
3.3. You can pay the fee for the selected option of the MV Funded Challenge by a payment card, or using other means of payment that the Provider currently offers on the Website.
3.4. In the event of payment by a payment card or via any other express payment method, the transaction shall be complete immediately. If you select another payment method, it may take longer to complete the transaction and therefore for the option of the MV Funded Challenge you have chosen on the Website to be provided to you. The fee is considered paid when its full amount is credited to the Provider’s account. The Customer is obliged to ensure that the respective fee for the selected MV Funded Challenge is paid in full.
4. CLIENT SECTION AND TRADING PLATFORM
4.1. Only one access to the Client Section is permitted per Customer and all of the Customer’s Services must be maintained in the Client Section.
4.2. The total number of MV Funded Challenges and Independent Trade Analyst Agreements per one Client Section may be limited depending on the total sum of the initial capital amounts of the products ordered by the Customer or on the basis of other parameters. Unless the Provider grants an exception to the Customer, the initial capital amounts may not be transferred between the individual products or mutually combined. You may also not transfer or combine your performance, Service parameters, data, or any other information between the products.
4.3. Access to the Client Section and Trading Platform is protected by login data, which the Customer may not make available or share with any third party. The Customer is responsible for all activities that are performed through the Customer’s Client Section or Trading Platform. The Provider bears no responsibility, and the Customer is not entitled to any compensation, for any misuse of the Client Section, Trading Platform, or any part of the Services, nor is the Provider responsible for any negative consequences thereof for the Customer, if such misuse occurs for any reasons on the part of the Customer.
4.4. The Customer acknowledges that the Services may not be available around the clock, particularly with respect to maintenance, upgrades, or any other reasons. In particular, the Provider bears no responsibility, and the Customer is not entitled to any compensation, for the unavailability of the Client Section or Trading Platform and for damage or loss of any data or other content that Customer uploads, transfers or saves through the Client Section or Trading Platform.
4.5. The Customer may at any time request the cancellation of the Client Section by sending an e-mail to support@mvfunded.com. Sending a request for the cancellation of the Client Section is considered as a request for termination of the contract by the Customer, with the Customer being no longer entitled to use the Services, including the Client Section and Trading Platform. The Provider will immediately confirm the receipt of the request to the Customer by e-mail, whereby the contractual relationship between the Customer and the Provider will be terminated. For the avoidance of any doubt, in such a case, the Customer is not entitled to any refund of the fees already paid or costs otherwise incurred.
5. RULES OF DEMO TRADING
5.1. During the evaluation phases of the MV Funded Challenges you perform demo trading on the Trading Platform, and may perform any transactions, unless these constitute forbidden trading strategies or practices within the meaning of clause 5.4 and our FAQs. You also agree to follow good market standard rules and practices for trading on financial markets (e.g., risk management rules). Restrictions may also be imposed by the trading conditions of the Trading Platform that you have selected for trading and a provider of such trading platform.
5.2. You acknowledge that the Provider has access to information about the demo trades that you perform on the Trading Platform. You agree, understand and grant your consent that this information can be obtained by Provider from supplier and Trading Platform providers, and also grant the Provider your consent to share this information with persons/entities who are in a group with the Provider or who are otherwise affiliated with the Provider, and you grant the Provider and these persons/entities your consent and authorization to handle this information at their own will. You agree that these activities may be performed automatically without any further consent, consultation, or approval on your part being necessary, and that you are not entitled to any remuneration or revenue associated with the use of the data by the Provider. The Provider is aware that you do not provide the Provider with any investment advice or recommendations through your demo trading. You acknowledge that you may suspend your demo trading on the Trading Platform at any time.
5.3. The Provider bears no responsibility for the information displayed on the Trading Platform, nor for any interruption of, or delay or inaccuracy in the market information displayed through your Client Section.
5.4. Forbidden trading practices.
5.4.1. During the demo trading, it is prohibited to:
(a) knowingly or unknowingly use trading strategies that exploit errors in the services such as errors in display of prices or delay in their update;
(b) perform trades using an external or slow data feed;
(c) perform, alone or in concert with any other persons, including between connected accounts, or accounts held with different group entities, trades or combinations of
trades the purpose of which is to manipulate trading, for example by simultaneously entering into opposite positions;
(d) perform trades in contradiction with the terms and conditions of the Provider and the trading platform, or any third party which is engaged in the execution of your trades;
(e) use any software, artificial intelligence, ultra-high speed, or mass data entry which might manipulate, abuse, or give you an unfair advantage when using our systems or Services;
(f) Perform gap trading by opening trade(s)
(i) When major global news, macroeconomic event or corporate reports or earnings (“events”), that might affect the relevant financial market (i.e. market that allows trading of financial instruments that might be affected by the events), are scheduled; and
(ii) 2 hours or less before a relevant financial market is closed for 2 hours or longer.; or
(g) Otherwise perform trades in contradiction with how trading is actually performed in the forex market or in any other financial market, or in a way that establishes justified concerns that the provider might suffer financial or other harm as a result of the customer’s activities (e.g. overleveraging, overexposure, one-sided bets, account rolling).
5.4.2. As our customer, you should understand and agree that all our Services are for Customer’s personal use only, meaning that only you personally can access your MV Funded Challenge and Independent Trade Analyst accounts and perform trades. For that reason, you should not, and you agree not to:
(a) allow access to and trading on your MV Funded Challenge and Independent Trade Analyst accounts by any third party nor you shall engage or cooperate with any third party in order to have such third party perform trades for you, whether such third party is a private person or a professional;
(b) access any third-party MV Funded Challenge and Independent Trade Analyst accounts, trade on behalf of any third party or perform any account management or similar services, where you agree to trade, operate or manage the MV Funded Challenge and Independent Trade Analyst accounts on behalf of another user, all whether performed as a professional or otherwise. Please note that if you act or behave in contradiction with the aforesaid, we will consider such action/behaviour as a Forbidden Trading Practice under Section 5.4. with respective consequences as perceived under this GTC.
5.4.3. Furthermore, Customer shall not exploit the Services by performing trades without applying market standard risk management rules for trading on financial markets, this includes, among others, the following practices:
(i) opening substantially larger position sizes compared to Customer’s other trades, whether on this or any other Customer’s account, or
(ii) opening substantially smaller or larger number of positions compared to Customer’s other trades, whether on this or any other Customer’s account.
The Provider reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Forbidden Trading Practices. Furthermore, you shall comply with applicable terms & conditions of the Trading Platform providers which can be found on their respective website, and any violation of those terms & conditions will be considered as Forbidden Trading Practices.
5.5. If the Customer engages in any of the Forbidden Trading Practices described in clause 5.4 or our FAQS,
(i) the Provider may consider it as a failure to meet the conditions of the particular MV Funded Challenge or Independent Trade Analyst Agreement;
(ii) the Provider may remove the transactions that violate the prohibition from the Customer’s trading history and/or not count their results in the profits and/or losses achieved by the demo trading;
(iii) to immediately cancel all Services provided to the Customer and subsequently terminate the contract; or
(iv) reduce the offered leverage on products on any or all Customer’s accounts or restrict or change the scope of the Services provided in any other way as Provider deems necessary.
5.6. In case when some or all Forbidden Trading Practices are executed on one or more MV Funded Challenge and Independent Trade Analyst accounts of one Customer, or accounts of various Customers, or by combining trading through any combination of any connected or not MV Funded Challenge and Independent Trade Analyst accounts, then the Provider is entitled to cancel all Services and terminate the contract with all respective Customers related to any and all Customer’s MV Funded Challenge and Independent Trade Analyst accounts and/or apply other measures in Clause 5.5. The Provider may exercise any and all actions in Clauses 5.5 and 5.6 at its own discretion.
5.7. If any MV Funded accounts were used for or were involved in the Forbidden Trading Practices, this may and will constitute a breach of respective terms and conditions for the MV Funded account with the third-party provider and may result in cancellation of all such user accounts and termination of respective agreements by the third-party provider.
5.8. If the Customer engages in any of the practices described in clause 5.4 or our FAQS repeatedly, and the Provider has previously notified the Customer thereof, the Provider may prevent the Customer from accessing all Services or their parts, including access to the Client Section and Trading Platform, without any compensation. For the avoidance of any doubt, in such a case, the Customer is not entitled to a refund of the fees paid.
5.9. The Provider does not bear any responsibility for trading or other investment activities performed by the Customer outside the relationship with the Provider, for example by using data or other information from the Client Section, Trading Platform, or otherwise related to the Services in real trading on financial markets, not even if the Customer uses for such trading the same Trading Platform and/or same Trading Platform provider that the Customer uses for demo trading.
5.10. DEVELOPMENTS IN FINANCIAL MARKETS ARE SUBJECT TO FREQUENT AND ABRUPT CHANGES. TRADING ON FINANCIAL MARKETS MAY NOT BE PROFITABLE AND CAN LEAD TO SIGNIFICANT FINANCIAL LOSSES. ANY PREVIOUS PERFORMANCES AND PROFITS OF THE CUSTOMER’S DEMO TRADING ARE NOT A GUARANTEE OR INDICATION OF ANY FURTHER PERFORMANCE.
6. MVFUNDED CHALLENGE AND INDEPENDENT TRADE ANALYST AGREEMENT
6.1. After paying the fee for the selected option of the MV Funded Challenge, the Customer will receive the relevant login data for the Trading Platform at the e-mail address provided by the Customer or in the Client Section. The Customer activates the MV Funded Challenge by opening the first demo trade in the Trading Platform. YOU ACKNOWLEDGE THAT, BY OPENING THE FIRST DEMO TRADE, YOU EXPRESSLY DEMAND THE PROVIDER TO PROVIDE COMPLETE SERVICES. IF YOU ARE A CONSUMER, IT MEANS THE COMPLETION OF SERVICES BEFORE THE EXPIRY OF THE PERIOD FOR WITHDRAWAL FROM THE CONTRACT, WHICH AFFECTS YOUR RIGHT TO WITHDRAW FROM THE CONTRACT, AS SPECIFIED IN MORE DETAIL IN CLAUSE 12. If you do not activate the MVFUNDED Challenge within 30 calendar days of the date on which it was made available to you, your access to it will be suspended.
7. MV FUNDED INDEPENDENT TRADE ANALYST AGREEMENT
7.1. If the Customer is successful in both the Challenge and has completed the verification, the Customer may be offered a contract by the Provider, in its sole discretion to participate in the MV Funded Independent Trade Analyst Programme. The terms, conditions, and Independent Trade Analyst Agreement between the Customer and the Provider are then applicable for such cooperation in addition on these GTC. The Customer acknowledges their personal data may be shared with a third-party company for purposes of considering offering such a contract.
8. USE OF THE WEBSITE, SERVICES AND OTHER CONTENT
8.1. The Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as texts, drawings, graphics, design, icons, images, audio and video samples, and any other content that may form the Website and the Services (collectively as the “Content”), are subject to legal protection pursuant to copyright laws and other legal regulations and are the property of the Provider or the Provider’s licensors. The Provider grants you limited, non-exclusive, non-transferable, non-assignable, non-passable, and revocable permission to use the Content for the purpose of using the Services for your personal use and in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to you and remains the property of the Provider or the Provider’s licensors.
8.2. All trademarks, logos, trade names, and other designations are the property of the Provider or Provider’s licensors, and the Provider does not grant you any authorization to use them.
8.3. Both the Customer and the Provider undertake to act in accordance with the principles of fair dealing in the performance of the contract and in mutual negotiations and, in particular, not to damage the good reputation and legitimate interests of the other party. The Customer and the Provider will resolve any possible disagreements or disputes between them in accordance with these GTC and the applicable law.
8.4. Except for the rights expressly set out in these GTC, the Provider does not grant you any other rights relating to the Services and other Content. You may only use the Services and other Content as set out in these GTC
8.5. When accessing the Services and other Content, the following is prohibited:
8.5.1. to use any tools that may adversely affect the operation of the Website and Services or that would be intended to take advantage of errors, bugs or other deficiencies of the Website and Services;
8.5.2. to circumvent geographical restrictions of availability or any other technical restrictions;
8.5.3. to make copies or back-ups of the Website and other Content;
8.5.4. to reverse-engineer, decompile, disassemble or otherwise modify the Website and other Content;
8.5.5. to sell, rent, lend, license, distribute, reproduce, spread, stream, broadcast or use the Services or other Content otherwise than as permitted;
8.5.6. to use automated means to view, display or collect information available through the Website or Services; and
8.5.7. to use any other tools or means the use of which could cause any damage to the Provider.
8.6. The provisions of clause 8 are not intended to deprive the Customer of the Customer’s consumer rights which cannot be excluded by law.
9. DISCLAIMER
9.1. YOU ACKNOWLEDGE THAT THE SERVICE AND OTHER CONTENT ARE PROVIDED “AS IS” WITH ALL THEIR ERRORS, DEFECTS AND SHORTCOMINGS, AND THAT THEIR USE IS AT YOUR SOLE RESPONSIBILITY AND RISK. TO THE MAXIMUM EXTENT PERMITTED BY THE MANDATORY LAWS, THE PROVIDER DISCLAIMS ANY STATUTORY, CONTRACTUAL, EXPRESS, AND IMPLIED WARRANTIES OF ANY KIND, INCLUDING ANY WARRANTY OF QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON- INFRINGEMENT OF ANY RIGHTS.
9.2. TO THE EXTENT PERMITTED BY THE MANDATORY PROVISIONS OF THE APPLICABLE LAWS, THE PROVIDER IS NOT RESPONSIBLE FOR ANY HARM, INCLUDING ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFIT, LOSS OF DATA, PERSONAL OR OTHER NON-MONETARY HARM OR PROPERTY DAMAGE CAUSED AS A RESULT OF USE OF THE SERVICES OR RELIANCE ON ANY TOOL, FUNCTIONALITY, INFORMATION OR ANY OTHER CONTENT AVAILABLE IN CONNECTION WITH THE USE OF THE SERVICES OR ELSEWHERE ON THE WEBSITE. THE PROVIDER IS NOT RESPONSIBLE FOR ANY PRODUCTS, SERVICES, APPLICATIONS OR OTHER THIRD-PARTY CONTENT THAT THE CUSTOMER USES IN CONNECTION WITH THE SERVICES. IN CASE THE PROVIDER’S LIABILITY IS INFERRED IN CONNECTION WITH THE OPERATION OF THE WEBSITE OR PROVISION OF THE SERVICES BY A COURT OF JUSTICE OR ANY OTHER COMPETENT AUTHORITY, THIS LIABILITY SHALL BE LIMITED TO THE AMOUNT CORRESPONDING TO THE FEE PAID BY THE CUSTOMER FOR THE SERVICES IN CONNECTION WITH WHICH THE CUSTOMER HAS INCURRED THE LOSS.
9.3. The Provider reserves the right to modify, change, replace, add, or remove any elements and functions of the Services at any time without any compensation.
9.4. The Provider is not responsible for its failure to provide the purchased Services if that failure occurs due to serious technical or operational reasons beyond the Provider’s control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection, pandemic, a threat to a large number of people or other force majeure events, and/or if the Provider is prevented from providing the Services as a result of any obligations imposed by law or a decision of a public authority.
9.5. The provisions of Clause 9 are not intended to deprive the Customer of the Customer’s consumer or other rights that cannot be excluded by law.
10. VIOLATION OF THE GTC
10.1. IF THE CUSTOMER VIOLATES ANY PROVISION OF THESE GTC IN A MANNER THAT MAY CAUSE ANY HARM TO THE PROVIDER, IN PARTICULAR, IF THE CUSTOMER ACCESSES THE SERVICES IN CONFLICT WITH CLAUSE 1.3 OR 1.4, IF THE CUSTOMER PROVIDES
INCOMPLETE, UNTRUE OR NON-UPDATED INFORMATION IN CONFLICT WITH CLAUSE 2.3, IF THE CUSTOMER ACTS IN A MANNER THAT MAY DAMAGE THE PROVIDER’S GOOD REPUTATION, IF THE CUSTOMER VIOLATES THE DEMO TRADING RULES PURSUANT TO
CLAUSE 5.4, IF THE CUSTOMER ACTS IN CONFLICT WITH CLAUSE 8.3, AND/OR IF THE CUSTOMER PERFORMS ANY OF THE ACTIVITIES REFERRED TO IN CLAUSE 8.5,THE PROVIDER MAY PREVENT THE CUSTOMER FROM ORDERING ANY OTHER SERVICES AND COMPLETELY OR PARTIALLY RESTRICT THE CUSTOMER’S ACCESS TO ALL OR ONLY SOME SERVICES, INCLUDING ACCESS TO THE CLIENT SECTION AND TRADING PLATFORM, WITHOUT ANY PRIOR NOTICE AND WITHOUT ANY COMPENSATION.
11. COMMUNICATION
11.1. You acknowledge that all communication from the Provider or its partners in connection with the provision of Services will take place through the Client Section or your e-mail address, which you register with us. Written electronic communication by e-mail or through the Client Section is also considered to be written communication.
11.2. Our contact e-mail address is support@mvfunded.com and our contact address is Sofouli, 2, Chanteclair Building, 6th Floor, Office 602, 1096, Nicosia, Cyprus.
12. RIGHT TO WITHDRAW FROM A CONTRACT
12.1. If you are a consumer, you have the right to withdraw from a contract without giving a reason within 14 days of its execution (see clause 2.10 for details on the time of execution of the GTC). PLEASE NOTE THAT IF YOU START PERFORMING DEMO TRADES BEFORE THE EXPIRY OF THE SPECIFIED TIME LIMIT, YOU LOSE YOUR RIGHT TO WITHDRAW FROM THE CONTRACT UNDER ANY CIRCUMSTANCES.
12.2. Your withdrawal from the contract must be sent to our e-mail address support@mvfunded.com within the specified time limit. We will confirm the receipt of the form to you in text form without undue delay.
12.3. The Provider is entitled to withdraw from the contract in the case of any breach by the Customer specified in Clause 10, or in case such withdrawal is required by law, order or request from the Trading Platform or any third party provider which is engaged in provision of Services to you. The withdrawal has effect from the day of its delivery to the e-mail address of the Customer or through the Client Section.
13. DEFECTIVE PERFORMANCES
13.1. The Provider does not provide any guarantee for the quality of the Service, and the Service is provided “as is” according to the Section 9. You must notify us of the defect of might notice without undue delay at our e-mail address or at our address listed in clause 11.2. We will try to remedy the defect or provide any other reasonable resolution within the reasonable time from receiving an email from you. If the defect cannot be remedied, you can withdraw from the contract.
13.2. You have the right to complaint regarding any part of the Service. We will try to resolve any complaint you may lodge as soon as possible (no later than within 60 calendar days), and we will confirm its receipt and settlement to you in writing. If we do not settle the complaint in time, you have the right to withdraw from the contract. You can file a complaint by sending an e-mail to our e-mail address support@mvfunded.com.
14. CHANGES TO THE GTC
14.1. The Provider reserves the right to change these GTC from time to time with effect for the contract previously entered into by the Customer. The Provider will notify the Customer of the change in the GTC at least 7 days before the change in the GTC is effective, via the Client Section or by e-mail. If the Customer does not agree with the change, the Customer is entitled to reject it. The Customer must do so no later than on the last business day before these changes take effect by sending the rejection to our e-mail address support@mvfunded.com. Upon receiving such rejection, the contract will be terminated. For the avoidance of any doubt, in such a case, the Customer is not entitled to any refund of the fees already paid or costs otherwise incurred. If the Customer does not reject the change, it is considered that the Customer agrees to the new version of GTC.
14.2. If the change offers the Customer a new service or other additional functionalities or this change is solely to their advantage, the Provider can inform the Customer about this change less than 7 days before the effective date of such change, but no later than the day before its effectiveness.
14.3. The Provider will mainly change these GTC for the following reasons:
14.3.1. to introduce new services or products or amend existing services or products;
14.3.2. to reflect legal, regulatory requirements or requirements of third parties engaged in provision of Services to you that apply to the Provider;
14.3.3. when the Provider will try to make these GTC easier to understand or more helpful to the Customer;
14.3.4. to adjust the way our Services are provided, particularly if the change is needed because of a change in the way the technology is provided or background processes;
14.3.5. to reflect changes in the cost of running our business.
15. OUT-OF-COURT CONSUMER DISPUTE SETTLEMENT
15.1. It is our objective that our customers are satisfied with the MV Funded Services, therefore, if you have any complaints or suggestions, we will be happy to resolve them directly with you and you can contact us at our e-mail address or at our address listed in clause 11.2.
16. CHOICE OF LAW AND JURISDICTION
16.1. Any legal relations established by these GTC or related to them, as well as any related non-contractual legal relations, shall be governed by the laws of Cyprus. Any dispute that may arise in connection with these GTC and/or related agreements will fall within the jurisdiction of Cyprus having local jurisdiction according to the registered office of the Provider.
16.2. The provisions of clause 16.1 do not deprive the consumers of the protection afforded
to them by the mandatory laws of the relevant Member State of the European Union or any
other jurisdiction.
17. DURATION AND TERMINATION OF THE CONTRACT
17.1. The contract is concluded for a definite period until the MV Funded Challenge is passed or failed and for the whole duration of the Independent Trade Analyst Agreement in accordance with the clause 6.2. or 6.5 respectively.
17.2. The contract may be terminated by either party earlier in accordance with these GTC. The contract terminates automatically and with immediate effect in case the Customer during MV Funded Challenge or Independent Trade Analyst Agreement does not open at least one demo trade during a period of 30 consecutive days.
17.3. Notwithstanding clause 17.2 the Provider may terminate this contract with cause and immediate effect when the provision of Services under contract would affect the ability of the Provider to adhere to its legal obligations or orders or decisions of a governmental bodies, regulators, Trading Platform or any third parties engaged in provision of Services to you.
17.4. Either Party may terminate this contract without cause by serving a written notice at least 3 days in advance in accordance with Clause 11 on the other Party.
18. FINAL PROVISIONS
18.1. The Provider has not adopted any consumers codes of conduct.
18.2. These GTC constitute the complete terms and conditions agreed between you and the Provider and supersede all prior agreements relating to the subject matter of the GTC, whether verbal or written.
18.3. Nothing in these GTC is intended to limit any legal claims set out elsewhere in these GTC or arising from the applicable law. If the Provider or any third party Authorised thereto does not enforce the compliance with these GTC, this can in no way be construed as a waiver of any right or claim.
18.4. The Provider may assign any claim arising to the Provider from these GTC or any agreement to a third party without your consent. You agree that the Provider may, as the assignor, transfer its rights and obligations under these GTC or any agreement or parts thereof to a third party. The Customer is not authorised to transfer or assign the Customer’s rights and obligations under these GTC or any agreements or parts thereof, or any receivables arising from them, in whole or in part, to any third party.
18.5. If any provision of the GTC is found to be invalid or ineffective, it shall be replaced by a provision whose meaning is as close as possible to the invalid provision. The invalidity or ineffectiveness of one provision shall not affect the validity of the other provisions. No past or future practice established between the parties and no custom maintained in general or in the industry relating to the subject-matter of the performance, which is not expressly referred to in the GTC, shall be applied and no rights and obligations shall be derived from them for the parties; in addition, they shall not be taken into account in the interpretation of manifestations of the will of the parties.
18.6. The schedules to the GTC form integral parts of the GTC. In the event of a conflict between the wording of the main text of the GTC and any schedule thereof, the main text of the GTC shall prevail.
18.7. Prior to the mutual acceptance of these GTC, the parties have carefully assessed the possible risks arising from them and accept those risks.
