Futures Challenge Terms
Overview
These FundedNext Futures Challenge Terms (referred to as the “Terms”) govern your participation in the FundedNext Futures Challenge offered by FundedNext, a brand of GrowthNext - F.Z.E. (Business Registration No. 28831), with its registered office at Office No. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE. Incenteco Trading LTD, HE 307114, a subsidiary of GrowthNext - F.Z.E., processes payments in connection with the Services. By entering the FundedNext Futures Challenge, you (referred to as the “Customer” or “Counterparty”) agree to be bound by these Terms. Please read the following Terms carefully. If you do not agree to these Terms, you are not eligible to participate in the FundedNext Futures Challenge.
Section 1 - Challenge Parameters
1.1 Challenge Models: The FundedNext Futures Challenge consists of various models, each with its own set of parameters. These models are designed to evaluate your trading skills. Detailed information regarding each model is provided during registration.
1.2. Trading Guidelines: The Customer must adhere to the guidelines listed below. Failure to do so shall result in account termination or passing the challenge. The Customer must:
1.2.1. Ensuring that the maximum daily aggregate loss on the Customers Account does not exceed the following amounts, including all charges, during any trading day.
- 25K: $600
- 50K: $1,200
- 100K: $2,400
1.2.2. Maintaining a minimum equity of a given amount which is calculated on the highest recorded End-of-day Balance and be updated at the start of every trading day.
- 25K: $1,250
- 50K: $2,500
- 100K: $3,000
1.2.3. At the start, the threshold amount will be derived by deducting the maximum loss amount from the account size and is as stated below -
- 25K: $23,750
- 50K: $47,500
- 100K: $97,000
1.2.4. At the end of each trading day, the amount shall again be calculated from the highest recorded End Of Day Balance.
1.2.5. The amount will trail upwards and will only trail till the threshold amount equals the starting account balance. So the possible range of the minimum amount is -
- 25K: $23,750 → $25,000
- 50K: $47,500 → $50,000
- 100K: $97,000 → $100,000
1.2.6. Profit Target: The Customer must achieve a minimum profit growth, as specified for each account size, in order to successfully pass the challenge phase. Meeting both the profit target and the consistency rule will be considered as successful completion of the challenge.
- 25K: $1,250
- 50K: $2,500
- 100K: $6,000
1.2.7. Technical Flaw Exploitation: Using system flaws for advantage is prohibited and may lead to immediate suspension.
1.2.8. Hedging: While multiple hedged positions are permissible within a single FundedNext Account, cross-account hedging within FundedNext or with other firms is not allowed.
1.2.9. Costs: All costs related to service provision by the Provider are the Provider's responsibility.
1.2.10. Applicable Rules: The terms outlined in the FAQ/Rules govern FundedNext Futures Challenge accounts.
1.2.11. Modification by Add-ons and Special Offers: Add-ons and Special Offers selected during the FundedNext Futures Challenge may modify the trading guidelines in this section. These modifications take precedence over the standard guidelines for their applicable duration.
Section 2 - Prohibited Trading Practices
2.1. The Customer is prohibited from conducting trades that contravene the stipulations outlined in this section or the FAQ. Any trading practices in violation of these stipulations are strictly forbidden. The Customer must adhere to the rules and guidelines set forth in this section, as well as those established in the FAQ when utilizing the Services.
2.1.2. The Customer must not intentionally or unintentionally take advantage of system bugs, price discrepancies, execution delays, or any other unintended errors in the trading platform to generate profits. Such practices constitute an abuse of the system and are strictly prohibited. The Provider continuously monitors its platform to detect and prevent exploitative activities. Any engagement in such activities shall result in account termination and loss of access to services.
2.1.3. The Customer may manage multiple accounts under a single identity. However, sharing account credentials with a third party for account management purposes is strictly prohibited. Furthermore, the Customer must not engage in coordinated trading activities, including but not limited to copying, mirroring, or replicating trades across multiple accounts in collaboration with others.
2.1.4. The Customer is prohibited from operating multiple trading accounts belonging to different traders on the same device. This restriction is in place to prevent coordinated trading activities. The Customer must ensure that they are accessing their account solely from their own device.
2.1.5. The Customer must register using the same email address for both The Provider and their trading platform (e.g., Tradovate). This ensures account authenticity and prevents fraudulent activity. Any mismatch in email registration may result in an account review and the imposition of restrictions until the issue is resolved.
2.1.6. The Customer is prohibited from engaging in account rolling, a high-risk practice where multiple accounts are purchased in quick succession, with certain accounts being intentionally sacrificed while others are prioritized for success. This approach relies on probability rather than a structured trading strategy and disregards proper risk management and market analysis. The Provider considers such practices to be an attempt to manipulate the evaluation process, and therefore, any Customer found engaging in this activity shall face account restrictions or termination.
2.1.7. The Customer must not use different IP addresses to access the dashboard and execute trades on the trading platform without prior approval. Such discrepancies may indicate account sharing or unauthorized access and are strictly prohibited. The Provider actively monitors such activities and may impose restrictions accordingly.
2.1.8. To maintain transparency and integrity, The Provider reserves the right to interview the Customer at any time regarding their trading strategies and activities. Such interviews are not limited to cases of suspicious behavior but may also be conducted as part of routine compliance measures. The Customer may be required to justify specific trades or provide further details on their trading approach.
2.1.9. The Customer must not engage in misleading reviews, defamatory statements, or malicious comments intended to harm the reputation of The Provider. Such actions shall result in account suspension or termination, and legal action may be pursued if necessary. The Customer acknowledges that, in the event of a violation, they shall lose access to FundedNexts' services without compensation and shall not be entitled to a refund.
2.1.10. The Provider requires traders to remain active to maintain their accounts. Accounts in the Challenge Phase will be marked inactive if no trades are placed for 7 consecutive days, while Sim Funded Phase accounts will be marked inactive after 30 consecutive days of no trading. Inactive accounts will be deactivated to maintain platform stability. The Customer can prevent inactivity by executing at least one trade within the required timeframe.
2.2. FundedNext retains the exclusive right to impose trading restrictions, modify account parameters, or terminate trading accounts at its sole discretion to ensure the stability and integrity of its trading environment and platform. This right may be exercised under circumstances including, but not limited to:
2.2.2. Placing excessive artificial orders to create fake orders or coordinating trades with others to influence orders is forbidden. This behavior disrupts market stability and fairness. The Provider actively monitors such activities to maintain a fair trading environment.
2.2.3. The use of a slow data feed during trading to gain an advantage is not allowed in The Provider's platform. Trading should be based on real-time market conditions without exploiting data lag. Any trader found using such tactics will be subjected to disciplinary action.
2.2.4. Executing highly leveraged or high-risk trades to escalate account equity is strictly prohibited. Such behavior contradicts The Provider's risk management policies. The Provider enforces strict guidelines to ensure responsible trading practices.
2.2.5. Replicating trades from another trader or coordinating trading activities among multiple accounts is strictly forbidden. The Customer must operate independently and make their own trading decisions.
2.2.6. Using automated trading bots, artificial intelligence, or ultra-high-speed execution strategies is not allowed. Fair trading conditions must be maintained for all participants. Automated systems that violate trading policies will be identified and disabled.
2.2.7. Entering and exiting trades within 5 ticks or without reasonable holding (15-20 seconds) repeatedly is against trading guidelines. This practice can create unfair advantages. The Provider discourages overly aggressive scalping techniques.
2.2.8. Placing large fake orders with no intention of execution to create artificial market demand is a prohibited activity. Such practices distort market conditions and harm other traders. The Customer engaging in spoofing may face suspension. Placing multiple buy and sell orders at set intervals without a defined strategy to hedge risk unfairly is not allowed. The Customer must follow a structured approach to risk management and avoid random order placement.
2.2.9. Manipulating slippage or abusing bracket orders to generate profits is forbidden. The Customer must adhere to fair execution practices. Orders must reflect genuine trading intent to maintain market integrity.
2.2.10. Simultaneously buying and selling the same asset at nearly identical prices to create a fake trading volume is prohibited. This misleading practice is a form of manipulation and will be strictly prohibited.
2.2.11. The Customer must not intentionally or unintentionally use trading strategies that exploit errors in the Services, such as inaccuracies in displayed prices or delays in their updates, including but not limited to practices commonly known as Latency Trading or similar strategies.
2.2.12. Opening opposing positions in separate accounts to bypass trading restrictions is strictly prohibited. The Customer must adhere to ethical trading practices and avoid using multiple accounts to manipulate risk exposure.
2.2.13. Hedging correlated instruments across one or multiple accounts is not permitted. This practice is considered an attempt to abuse trading guidelines.
2.2.14. Trading during extreme market gaps or under low-liquidity conditions is strictly prohibited. The Customer must ensure that all trades are executed under standard market conditions to mitigate potential risks.
2.2.15. Taking trades where the risk is higher than the potential reward is not a proper trading strategy as this holds more risk exposure. This type of trading, known as a negative risk-to-reward ratio (RRR), goes against proper risk management. The Customer engaging in this practice is prohibited to ensure fair and responsible trading. The Provider enforces a maximum 5:1 risk-reward ratio to ensure sustainable trading practices.
2.2.16. Executing trades within 2% of the CME price limit is restricted to prevent excessive risk exposure and potential market disruption. This ensures responsible trading during volatile market conditions.
2.2.17. Holding trades overnight beyond market close is not allowed. All positions must be closed before the end of the trading day. Trades beyond the designated trading hours or outside of normal market conditions may expose the account to excessive risk.
2.3. To maintain transparency and ensure effective management of trading practices, The Provider will take the following actions when implementing trading restrictions or modifications:
2.3.2. The Customer will have the opportunity to request a review of any imposed restrictions or account actions. The Provider will consider appeals on a case-by-case basis but reserves the right to uphold its original decision to ensure the protection of its trading environment.
2.3.3. The Provider shall not be liable for any direct, indirect, incidental, or consequential losses or damages resulting from the imposition of trading restrictions or account termination. The Customer agrees to hold The Provider harmless against any claims arising from such actions.
2.4. If any or all of the Prohibited Trading Practices are carried out on one or more FundedNext Challenge Accounts of The Customer or on accounts of different Customers, or by combining trading through FundedNext Challenge Accounts and any FundedNext Accounts, The Provider is entitled to cancel all Services and terminate all relevant contracts in respect of all FundedNext Challenge Accounts of The Customer. The Provider may take any actions set forth in Section 2.2 and this Section 2.3 at its sole discretion. In such a case, The Customer shall not be entitled to a refund of the fees paid.
2.5. If The Customer repeatedly engages in any of the practices described in Article 2.1, and The Provider has previously notified The Customer thereof, The Provider may deny The Customer access to all or part of the Services, including access to the Dashboard and the Trading Platform, without any compensation.
2.6. The Provider shall not bear any responsibility for trading or other investment activities that The Customer performs outside the relationship with The Provider, e.g., by using data or other information from the Customer Portal, the trading platform, or in any other way in connection with the services in real trading on the financial markets, even if The Customer uses the same trading platform for such trading that it uses for demo trading. This shall also apply in particular to any services of third parties which The Customer uses via the platform.
Section 3 – Know Your Customer (KYC)
GrowthNext - F.Z.E. is to implement robust and comprehensive procedures in accordance with legal and regulatory requirements pertaining to Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
3.1. Know Your Customer (KYC):
3.1.2. Mitigate the risks of money laundering by acquiring and analyzing relevant information.
3.1.3. Facilitate the detection of suspicious transactions by identifying inconsistencies with the information received.
KYC verification must be conducted solely by the individual account holder. Multiple individuals attempting KYC verification for a single account are strictly prohibited. If such violations are detected, the Provider holds the right to terminate the account with immediate effect.
3.2. Customer Due Diligence (CDD):
3.2.2. Understanding the intended nature and purpose of the Counterparty's trading activities, including the strategies to be employed and the financial market knowledge to be assessed.
3.2.3. Performing ongoing monitoring of trading activities to ensure they are consistent with the Counterparty's stated trading strategy, risk profile, and financial resources.
3.3. Enhanced Due Diligence (EDD):
3.3.2. Conducting a detailed interview, which may include a video call, to personally engage with the Counterparty and better assess their legitimacy.
3.3.3. Gaining deeper insight into the Counterparty's trading methodology to ensure it aligns with our risk tolerance and the ethical trading standards set forth by GrowthNext - F.Z.E..
3.3.4. Implementing intensified and ongoing monitoring of the Counterparty's trading activities, to dynamically evaluate adherence to agreed-upon practices and risk parameters.
3.4. Know Your Customer (KYC) Procedures by GrowthNext - F.Z.E.
3.4.3. The Counterparty shall be asked to submit specific documents. The documents submitted for verification must be issued by a government authority or an official body. The documents may include a valid photo ID such as:
- National ID
- Passport
- Driving License
3.4.4. KYC verification shall not be completed if expired documents are provided. Only the most recent and valid documents will be accepted to proceed with the verification process.
3.4.5. After gathering the necessary documents, the Counterparty shall be directed to the “Agreement Signing” stage. They must provide a full name and address and agree to the terms mentioned in the agreement. Following these steps, the verification process shall commence and may take 48-72 hours.
3.4.6. The Provider requires strict compliance with these measures. The Provider reserves the right to refuse or discontinue any business engagement with a Counterparty if the CDD, EDD, or KYC criteria, as outlined herein, are not satisfactorily met.
3.4.7. It is to be noted that failure to pass the KYC verification process shall result in the rejection of the Counterparty's FundedNext Account application.
3.4.8. The Provider conducts the KYC process through trusted third-party service providers such as Veriff, Sumsub, or other equivalent providers. It is hereby clarified that the KYC verification is not performed directly by the Provider.
3.4.9. The Provider does not store or hold any KYC data on its systems. All KYC information submitted by the Counterparty is processed and secured by the respective third-party service providers. The handling of data is governed by the Provider's Privacy Policy.
Section 4 – Refund Policy
4.2 The Provider utilizes a third-party trading platform to deliver the Challenge. This involves unavoidable costs, including but not limited to the creation of challenge accounts, data feed fees, and other technology required to operate the Challenge. These costs are incurred by the Provider upon purchase, regardless of whether the Customer uses the service. As a result, no refunds will be issued, in part or in full, for fees or services rendered.
4.3 A Customer wishing to terminate their access to services must submit a request to [email protected] The request will be processed; however, it does not entitle the Customer to any form of refund, in part or in full, due to the costs outlined in Section 4.2.
4.4 If the Customer engages in prohibited practices of a serious nature, the Provider reserves the right to restrict access to all services and terminate the Customer’s account. No refunds will be issued in such cases, regardless of any payments made, due to the costs outlined in Section 4.2.
4.5 Upon completion of a purchase, services are considered activated, and the Customer acknowledges that all payments are final and non-refundable due to the costs outlined in Section 4.2.
4.6 If the Customer does not activate their service within 7 calendar days of purchase, access will be suspended, and no refund will be issued due to the costs outlined in Section 4.2. Any request for reactivation of access will be subject to applicable terms but will not include a refund.
4.7 In the event of a dispute or chargeback initiated by the Customer, the Provider reserves the right to suspend services immediately and refuse any future transactions or access. No refunds will be issued, as the costs outlined in Section 4.2 have already been incurred.
Section 5 - Dispute Resolution Policy
5.1. In the event that the Customer raises a dispute regarding a transaction made to FundedNext, the trading account associated with the disputed transaction will be paused as per our FundedNext Futures Challenge Terms.
5.2. FundedNext reserves the right to permanently suspend any Customer found to have raised a false dispute. A false dispute is defined as a situation where the services provided by FundedNext were delivered without issue, yet the Customer initiated a dispute against the transaction.
5.3. If the Customer wishes to reactivate a trading account for which a dispute was raised, they must first withdraw the dispute and provide FundedNext with official proof of the dispute withdrawal. Upon receipt of this proof, our Risk Management Team will verify the provided documents. Once the verification process is successfully completed, the trading account will be reactivated.
5.4. Please note that the verification of dispute withdrawals and the subsequent account reactivation process may take 45 to 60 business days. The Customer is strongly encouraged to contact our support team before initiating any disputes to address their concerns promptly.
5.5. If the Customer experiences any issues related to their trading account or transactions, they are advised to reach out to the support team for assistance.
For any further queries, please reach out to our Support Team via our designated Intercom channel or [email protected]
Section 6 – Entire Agreement
The Provider's decision not to exercise or enforce any right or provision of these Terms shall not be deemed a waiver of such right or provision. Any waiver of rights under these Terms will be effective only if it is in writing and signed by the Provider.
These Terms, along with any policies or operating rules posted by the Provider on this site or in relation to The Service, constitute the full and exclusive understanding and agreement between The Customer and the Provider. This agreement governs The Customer's use of the Service, overriding all prior or contemporaneous agreements, communications, and proposals, whether oral or written, between The Customer and the Provider (including, but not limited to, any prior versions of the Terms).
Should any ambiguity or question regarding intent or interpretation arise, it shall be resolved in a neutral manner and not automatically against the drafting party. This approach does not override any statutory rights the Customer may hold under applicable consumer protection laws that are not subject to contractual waiver.
Section 7 – Governing Law
Section 8 – Local Law
The Customer is advised to be fully aware of and comply with all local laws and regulations pertaining to their participation in the Services.
The Customer acknowledges that they are engaging in the Service at their own risk and assumes all responsibility for their participation. By using the Services, the Customer affirms they are over the age of 18 years and acknowledges that the Provider is not responsible for any actions taken by the Customer that may violate local laws. Any such violations are the sole responsibility of the Customer .
Section 9 – Changes to FundedNext Futures Challenge Terms
The Provider reserves the right to modify, update, or revise these Terms at any time at its sole discretion. Any such changes will be communicated to Customers through appropriate means, including but not limited to notifications on the website or via email. The Customer is responsible for reviewing the Terms regularly to stay informed of any updates.
By continuing to access or use the services after such changes have been notified, the Customer agrees to be bound by the revised Terms . The Customer must acknowledge and accept that these Terms are subject to change. It is the Customer's responsibility to review and understand the current Terms before engaging in any Challenges or using any of the Services provided.
Section 10 – Contact Information
Office Address:
Office No. 7, AI Robotics HUB, C1 Building, AFZ, Ajman, UAE
