TERMS OF SERVICE

Table of Content:

DISCLAIMER

The rights and obligations pertaining to the use of services rendered by EQUITIO SECURITIES LLC ( here in referred to as "equitio") with registered address at, which are Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines and formation number 3710 LLC 2024. primarily made available through www.equitio.com, are governed by these terms of service (TOS). Please carefully read these TOS. If you disagree with any these terms or any part, you are not required to use the services, nor should you use the services until you have read, understood, and agreed to these terms. By participating in our challenges, the customer establishes their adherence to these TOS and all the linked policies. All users of the site, including but not limited to browsers, suppliers, customers, and/or content makers, are subject to these TOS.

The most recent iteration of the TOS remains available on this page. We reserve the right to change or amend, modify, or replace any aspect of these TOS by adding updates and/or revisions to our website. It is the customer's obligation to periodically review this page for modifications. The customer's continued use of or access to the website following their posting indicates acceptance of the changes. Management’s decision cannot be questioned.

Any service provided to the customer by the provider cannot be interpreted as an investment service. Neither does the provider accept any guidance from the customer, nor do they give any instructions related to any investment tool or transaction to the customer. None of the stakeholders of the company including employees and representatives are authorized to give any investment advice. The provider explicitly states that they would not claim any information or statements delivered by its employees, staff, or representatives that are interpreted as investment advice or recommendations and will not be held accountable for them.

1. RULES AND REGULATIONS

1.1 Preliminary remarks

  • These TOS govern the customer’s rights and obligations in connection with the use of the services provided by Equitio, with its registered office in Saint Vincent maintained by Financial Services Authority.
  • The TOS forms an important part of the contract between the parties which is entered into upon the customer’s registration on the website or for use of service. Upon execution, the customer expresses their adherence and agreement to these TOS.
  • The services are only meant for users over the age of 18 in countries with available service. Customers agree to use the services only if they meet the age criteria. The customer must acknowledge that the access or use of these services may be restricted or banned in some of the countries.
  • The company reserves the right to terminate any provision of service including access to the client portal and trading platform if found in breach of the rules and regulations.
  • The services provided by the company consists of simulated trading on forex and other instruments on other financial markets, access to analytical tools, educational resources, or any other materials (including any access to provision of service from third-party).
  • The customer acknowledges that any trading conducted is simulated, and all funds utilized in demo trading are fictional. These funds hold no claim for payment or actual trading outside the service's intended scope. No profits can be claimed earned from simulated trading and similarly no losses will have to be paid.

1.2 Services

  • Through the website, the customers can place orders for the services by filling out the relevant order or registration form. Following their registration, they will receive an email with their login credentials for the trading platform and/or client section, which they can use to access the platform or section.
  • Among the offerings are our demo challenges, live account challenges, bundle challenges and the free trial. Users can use some of the services for free i.e., zero charge, for a limited time and within a limited scope during the free trial. Performing well in the demo account does not guarantee any form of compensation or account provision from us. Success in the demo account allows users the opportunity to pay the applicable fees for challenge accounts, enabling them to test and sharpen their trading skills.
  • Any information that our users give us via their client area, their registration form, or another means must be true, up-to-date, and complete. Any changes to the data or changes to the information in their client section must be notified to us promptly. The provider is under no obligation to validate the data; rather, the customer is responsible for ensuring that any data provided is correct and updated.
  • The cost of our challenges varies as per the option chosen and is determined by the initial capital required, the requirements that must be performed in order to meet the challenges' conditions, as well as additional configurations. On our website, customers may find more specific details about each option, including costs. The challenge category that customers choose on the form will decide the ultimate charge. The cost is incurred in order to grant users access to the challenge or the services it offers. If a customer chooses to opt out later, violates the TOS, or fails any challenge, they will not be eligible for an exchange or refund.
  • The provider can act in its discretion, to cease providing the customer with any services and refuse to provide any services in the future if the customer files an unjustified complaint about the paid fee or disputes the paid fee with the client's bank or payment provider on the grounds that an annulment, cancellation, or refund of the fee, or any part thereof, is requested. Refunds can also be given to our customers but only under some situations. To know about our refund policy in detail, users should check our website.
  • The provider retains the right, at any time, to modify the prices and other conditions of the services, including the requirements for their effective performance. The services that were acquired prior to the change's announcement are unaffected. Previous conditions would apply to those particular services. Also, every provider has their own terms and conditions and policies, hence, it is the customer’s responsibility to be well acquainted with all of them before indulging.
  • We send order receipts and confirmations through e-mails. When a customer registers with us, purchases our membership, or participates in any of our challenges, confirmation and success mails are sent from us to them.
  • Trading practices are discussed separately in section 2 of our TOS.

1.3 Client portal and trading terminal

  • All the services provided to the client are mutually exclusive and in no way the customer can combine their capital amounts, individual performance, parameters, profits, or transfer across accounts. The total number of individuals accounts granted may be limited depending upon the total capital or any other parameter. Customers can access all their accounts through their client portal.
  • Access to the client portal and trading terminal is restricted and may only be accessed by login id and password. It cannot be shared to any third party. It is the customer’s responsibility that the portal or platform is not misused, and the provider bears no responsibility for any compensation to the customer.
  • Customer agrees that the services may be disrupted due to maintenance or any other reasons. The provider holds no responsibility for any compensation during this time and also any loss or damage arising out of activities performed on the client portal or the platform.
  • Upon any request of termination or cancellation received from the customer, the contractual relationship between the provider and the customer will end and the customer will no longer have the access to the service. The customer under any circumstance cannot claim any refund of fees or incurred costs. For more details, refer to section 7 and 8 of our TOS.

1.4 Evaluation structure

The Equitio Evaluation is exclusively structured in a comprehensive, user-friendly way, to enable a clear understanding of the trading parameters and conditions (discussed below). These conditions are simple explained targets which must be met by the user to remain in the challenge and subsequently make profits.

A. Evaluation Stages and Process

The Evaluation Process consists of the following stages-

  • Challenge Stage: This stage marks the first step of the evaluation process. In this stage, the traders must demonstrate their understanding and abilities and meet the trading objectives. The trader must be successful in this stage to progress to the next stage.
  • Verification Stage: This stage marks the penultimate step in becoming an Equitio trader. The trader must meet the stated objectives and upon successful completion and validation, the trader receives the opportunity to trade and earn on an Equitio Account.
  • Equitio Trader: This is the stage where the trader gets the opportunity to earn up to 80% of profits by trading responsibly and consistently on their Equitio account. If the trader regularly makes a profit, their account will be scaled up as per our exclusively offered Scaling Plan (discussed below), where the trader may earn up to 100% of profits amongst other perks.

EVALUATION PROCESS

1 Step Challenge
2 Step Challenge
Challenge Stage

This stage marks the first and the only step of the evaluation process. In this stage, the traders must demonstrate their understanding and abilities and meet the trading objectives. Traders must be successful in this stage to earn the funded account.

Equitio Trader

This is the stage where the trader gets the opportunity to earn up to 80% of profits by trading responsibly and consistently on their equitio account. If the trader regularly makes a profit, their account will be scaled up as per our exclusively offered Scaling Plan, where the trader might earn up to 90% of profits.

Challenge Stage

This stage marks the first step of the evaluation process. In this stage, the traders must demonstrate their understanding and abilities and meet the trading objectives. The trader must be successful in this stage to progress to the next stage.

Verification Stage

This stage marks the penultimate step in becoming an Equitio Trader. The trader must meet the stated objectives and upon successful completion and validation, the trader receives the opportunity to trade and earn on an Equitio Account.

Equitio Trader

This is the stage where the trader gets the opportunity to earn up to 80% of profits by trading responsibly and consistently on their equitio account. If the trader regularly makes a profit, their account will be scaled up as per our exclusively offered Scaling Plan, where the trader may earn up to 90% of profits.

B. Types of Challenges

We offer challenges with the following account balances:

Account Balance
Application Fee*
$10,000 $99
$25,000 $149
$50,000 $249
$100,000 $449
$200,000 $899
$500,000 $1,999

*Base-rate (including discount and excluding any add-on and promotion)

Trading Parameters and their Explanation

  • Minimum Trading Days: The concept of minimum trading days pertains to the minimum number of days a trader must engage in trading activities.
  • Maximum Daily Loss: Maximum Daily Loss refers to the maximum amount of loss which a trader can have in a day. As soon as the trader hits the maximum daily loss amount, they will be unable to trade for the rest of the day i.e., their account will be suspended for that day.
  • Maximum Loss: Maximum Loss refers to the maximum amount of loss, which, if attained, would lead to the termination of a challenge.
  • Profit Target: Profit target is the amount of profit that a trader must make to pass to the next level of our challenges.
  • Leverage: Leverage refers to the use of borrowed funds to raise the possible return on investment. Trading positions greater than the real amount of money placed into the account can be opened by traders via leverage.
Parameter
Challenge Phase
Verification Phase
Equitio Trader
Min Trading Days
 5 Days 10 Days 10 Days
Max Daily Loss
 10% 5% 5%
Max Loss
 10% 7.5% 5%
Profit Target
 5% 7.5% 10%
Leverage
 1:100 1:100 1:100
Profit Split
 NA NA 80-20
Refund*
 NO NO YES

For more detail on additional parameters, refer below.

C. Instant Funding

Trading Parameters for Instant Funding

Parameter
Instant Funding
Min Trading Days
 30
Max Daily Loss
 3%
Max Loss
 6%
Profit Target
 20%
Leverage
 1:100
Profit Split
 80-20

D. Add-ons offered

To make the verification phase easier, we offer add-ons at the lowest possible cost. Any trader can choose multiple add-ons at the same time to facilitate a smooth and easy trading journey and faster access to the Equitio funded account.

These add-ons include:

  • Trade with a higher leverage with the option of increased leverage, where the leverage will be increased to 1:200.
  • Fast-track your evaluation process by holding open positions even over the weekends.
  • Be eligible for faster payouts on funded accounts based on the number of trading days.
  • To benefit from higher payout, traders can choose for a higher profit split, where any profit earned from the Equitio funded account will be split in the ratio of 90:10.
List of Add-ons
Meaning
Rate
Increased Leverage Bigger account size to take on bigger trades 5% of the stated application fee for each add-on
Payout Express Eligible for faster payout
Hold Over Weekend Allows the trader to hold the open positions over the weekend
Increased Profit Split Higher earning due higher profit split

Note: Add-ons are not applicable for instant funding.

E. Equitio Evaluation Process Terms and Conditions

Once the customer chooses the desired account balance, they will have a multitude of payment options to pay the requisite application fee.

As soon as the customer pays the stated application fee for the chosen challenge, and once approved, they will be mailed the login data on their registered mail so that they can access the trading platform and start their journey. Alternatively, it will also be made available in the client portal or section.

As soon as the customer enters their first trade, it expresses their desire to consent to the terms of service and abide by the stated regulations.

The customer must achieve all the target parameters and trading objectives at the same time to progress to the next stage and subsequently earn profits. Any failure to adhere to any one of these criteria will result in exit from the challenge.

The required trading objectives and parameters are explained in detail below:

Minimum Trading Days: The concept of minimum trading days pertains to the minimum number of days a trader must engage in trading activities.

Maximum Daily Loss: Maximum Daily Loss refers to the maximum amount of loss which a trader can have in a day. As soon as the trader hits the maximum daily loss amount, they will be unable to trade for the rest of the day i.e., their account will be suspended for that day.

Maximum Loss: Maximum Loss refers to the maximum amount of loss, which, if attained, would lead to the termination of a challenge.

Profit Target: Profit target is the amount of profit that a trader must make to pass to the next level of our challenges.

Leverage: Leverage refers to the use of borrowed funds to raise the possible return on investment. Trading positions greater than the real amount of money placed into the account can be opened by traders via leverage.

Minimum Lots: It refers to the minimum number of lots (standard lots) that are supposed to be traded within the specified time of the trading challenge package.

Overnight Trades: It refers to the open positions that are supposed to be carried over (buy or sell not hedged) by the participant i.e., 2 hours before the market closes, to being squared off after 2 hours, after market opens.

Maximum Consecutive Losing Trades: It refers to the maximum number of trades that are closed in a loss by the participant consecutively. Once this threshold is reached the participant is disqualified.

Minimum Consecutive Profit Trades: It refers to the minimum number of trades that are to be closed in a profit consecutively to be eligible to win the challenge.

News Trading: It refers to the trader being allowed to trade the markets during times when some important market news or some important data is being released.

Weekend Trades: It refers to the trader having open unhedged trading positions in the markets and carrying them over the weekend. Example, buying 5 standard lots of EUR/USD on Friday and selling it on Monday.

Expert Advisors: It refers to the trader being allowed to use EA’s (Expert Advisors) or any other trading bots or any other form of automated trading.

Trade Copier: It refers to the trader using any kind of software or service that allows the trader to copy or mimic or be influenced by the trading activities of other traders, on some or different trading or social or news or public or private platforms or engaging in any copy trading or social trading activities either paid or free.

HFT: It refers to the trader using high or medium or low frequency trading systems, be it developed on any trading logic.

Refund: It refers to the participation fee or trading challenge fee paid by the participant to enroll into any of the commercial offerings provided by the company, being paid back by the company to the participant for reasons decided solely by the company which cannot be challenged by the participant.

Drawdown: It refers to the notional loss (loss that is being calculated on all the open positions on a real time basis) of a particular account. Example, $10,000 account has open positions, and those positions are trading in a loss then that loss amount is considered as a drawdown. (Even a loss that is not booked will be considered as a drawdown.

Consistency Rule: The 10% consistency rule means that whatever the profit target is of any trading challenge, then this % (10) or more of the target should not be made on a particular trading day. Violating this rule leads to disqualification of the participant.

Disclaimer: All customers must note that in the event of being eligible for the equitio funded account, they will have to pay 5% of the account balance as a fee to trade in that account and make profits. For example, if a customer chooses the $10,000 account, and they reach the equitio trader account stage after successfully passing the verification stage, they will have to pay $500 (5% of $10,000) to trade on the live account.

All users must note that in all matters, disputes and discrepancies, the company has the final say. It reserves the right to not to choose to process any payout. Any company decision cannot be challenged in court of law.

The following list of the additional parameters is applicable for all stages of all accounts offered by Equitio.

Additional Parameter
Description
Minimum Lots 2.50% of the account size (for example, 2.50% of $10,000 = 250)
Overnight Trades 3
Minimum consecutive winning trades 5
Maximum consecutive losing trades 5
News Trading Allowed
Weekend Holding Allowed
Expert Advisors Allowed
Trade Copier Allowed
Consistency Rule Needs to be followed
HFT Not Allowed

Once the customer meets all the above conditions, and if found not to be in violation of any other terms of service at any stage, the login details for the next stage will be made available to the customer. Any failure to achieve these requirements at any stage will result in termination of service and end of challenge. To enroll and participate again, the customer will need to purchase a new challenge by paying the required application fee.

If a customer successfully completes all the stages, they will be given the opportunity to trade on an Equitio Live Funded Account and earn up to 100% of profits. The trader must be active on this account for at least thirty days, as payouts can only be processed after 30 days. This period helps the company to judge and assess the trading performance and evaluate the traders. Stable and consistent profits will be rewarded with the opportunity for higher capital accounts through our scaling plan (to be launched soon).

Customers can also buy multiple accounts of the same size for high discounts through our bundle pack. This will enable them to test multiple strategies, progress the stages and increase their chances of winning the live account so that they can make profits on multiple accounts, resulting in higher payouts.

Unethical Trading Practices

Equitio has the right to disqualify any trader who the company considers to be trading unethically using any kind of edge over the markets, be it any technical or any insider or political or time or event sensitive information.

All users must note that in all matters, disputes and discrepancies, the company has the final say. It reserves the right to not to choose to process any payout. Any company decision cannot be challenged in court of law.

Violation of TOS

If the customer violates any part of these TOS in a way that may cause any sort of harm to the provider, if the customer uses the services despite not being of the legal age as per their country, if the customer submits incomplete, untrue or non-updated information, If the customer does anything that qualifies as damaging the company’s reputation, if the customer breaks the rules of demo trading mentioned in our TOS, if the customer performs any of the activities that may adversely affect the operation of the website or that would be intended to take advantage of glitches, technical errors, bugs or any other form of deficiency inherent in the website or the services, then the provider may prevent the customer from ordering any other services and may entirely or partially restrict the customer’s access to all or some services, including the trading terminal and client portal, without any advance notification or compensation.

1.5 Dispute and Settlement

The primary focus of our company is to ensure that the services offered satisfies all the customers. We would be happy to resolve any complaint, query, or remark through our email address.

1.6 Final Remarks

  • The provider does not accept any consumer code of conduct.
  • Any new and updated TOS available on website should be referred to by the customer as it replaces any prior agreement agreed between the parties whether verbal or written. If any part of TOS is found to be invalid or ineffective, it shall not invalidate any other provision.
  • Provider reserves the right to transfer any claim arising out of this agreement to any third party without the customer’s consent. You acknowledge that the provider may assign to a third party, in its assignor capacity, all of its rights and duties under these TOS and any agreement, or parts thereof. The customer under no capacity can assign or transfer, to any third party, the customer's rights and responsibilities under these TOS, any agreements or portions thereof, or any receivables resulting from them.
  • No custom maintained generally or in the industry relating to the subject matter of the performance, whether or not specifically mentioned in the TOS, shall be applied, and neither the parties nor any third parties shall derive any rights or obligations from them. They should also not be considered in interpreting any expressions of the parties' will. Sections of the TOS are essential components of the TOS and if there is a disagreement about how the main text of the TOS and any section thereof should be drafted, the main text of the TOS will take precedence. Before agreeing to these TOS on a mutual basis, the parties have carefully evaluated the possible consequences. The parties have carefully considered and accepted any risks that may arise from these TOS prior to its mutual acceptance.

2. TRADING PRACTICES / GUIDELINES

2.1 TRADING DEFINITIONS

Trading Period: Trading period is also known as trading cycle. It starts when a trader gets an account with us and starts trading and ends when they stop trading.

Maximum Loss: Maximum Loss refers to the maximum amount of loss, which, if attained, would lead to the termination of a challenge.

Maximum Daily Loss: Maximum Daily Loss refers to the maximum amount of loss which a trader can have in a day. As soon as the trader hits the maximum daily loss amount, they will be unable to trade for the rest of the day i.e., their account will get suspended for that day.

Profit Target: Profit target is the amount of profit that a trader has to make to pass to the next level of our challenges.

Proft Split: Profit split is the ratio by which a trader gets their earning. It depicts the profit split ratio between the trader and the provider.

Free Trial Account: Free trial account is an account type that could be used by our users to practice forex trading. Before managing a demo or a real account, a free trial account would help them clear their basic concepts regarding forex trading by understanding the terminologies better. As the name suggests, it is a trial account i.e., it is a practice account that does not involve real money. It is also free of cost.

Demo account: Demo account is an account that is given to the traders who enroll in the challenge. They would have to achieve certain targets on this account to be able to get a higher amounted challenge account i.e., to move to the next stage of the challenge. It involves some cost, which increases as the level of the challenge increases.

Live account: Live account is an account that involves real money. Traders can choose to pay a higher enrolment fee and get a live account. The targets and ratios for this account would differ from the demo or challenge account.

Leverage: Leverage refers to the use of borrowed funds to raise the possible return on investment. Trading positions greater than the real amount of money placed into the account can be opened by traders via leverage.

Account size: Account size refers to the monetary value of an account. For example: When a trader plays on the challenge account and moves to the next level, the size of the account increases i.e., the monetary balance of the account rises.

Other terms have been covered under section 18 in this TOS.

2.2 TRADING POLICIES AND RULES

Registration and participation of the customer on our website would signify their acceptance to this policy among the other mentioned policies on our website.

  • Our website would be going through multiple upgrades, the purpose would be to serve our visitors and customers in a better way i.e., to make their trading experience greater. Whenever someone trades with us after any change in our website or policies, then, it is applied they are at par with the new policies which will also be preceding the previous ones.
  • Avoid taking unwarranted risks or using tactics akin to gambling. Real-time monitoring will be used to make sure that all rules and regulations are followed. If this isn't done, the partnership will be dissolved, and any unpaid fees or earnings would be lost.
  • The user is not allowed to give any third-party trading signals that they receive from the company in any format. Each interaction we have with our users should be kept confidential. We have no objection if a user wants to trade on the basis of any news derived from our portal or otherwise.
  • It is natural to face technical errors and such errors should not be exploited by our users.
  • A user may not take on more than 2% of the possible risk on any one trade idea, including split positions.
  • The holding time for a position must not exceed too far from the usual transaction duration. Before the trading session concludes and gets examined, all positions must be closed. Exceptions could be granted after discussion (examination of the users employed trading practices) with the company’s risk management team, if we feel it is applicable in the users’ case. But the agreement might also get terminated if any action of the employees affect the company. To know more about account termination, head to section 9 of this TOS.
  • If the users’ practices employed on a demo account would not be feasible and practical in live market conditions, the contract may be terminated as well. Our aim is to safeguard the business against actions that could result in a simulated profit without incurring any risks on regular demo accounts. As is widely understood, risk-free virtual earnings cannot be generated and sustained consistently in the real market if the method employed to generate those profits is not transferable to the real market. Risky strategies such as martingale strategies (it is a kind of strategy where a user keeps doubling their positions when they are facing losses, with the hope, that their losses will be recovered) are also not allowed.
  • While it is acceptable to have several hedged stakes in a single account, it is not permitted to hedge across accounts with "the provider company" or with other prop firms.

2.3 FORBIDDEN TRADING PRACTICES

  • The user is prohibited from using techniques including, but not limited to, latency trading i.e., a type of trading that takes advantage of flaws in the services, such as inaccurate prices presented or updates that are delayed.
  • Any program, artificial intelligence, high-speed data input, high frequency trading, or bulk data entry that could be used to manipulate or abuse the system or its services is not permitted.
  • It is forbidden to use techniques that ensure the execution of limit orders in times of low liquidity as these activities do not accurately reflect market conditions and violate the company's realistic trading simulation standards.
  • Manipulating trade across accounts, either by oneself or in collaboration with others i.e., group trading is prohibited. An illustration would be to take opposing stances at the same time so that one side benefits unquestionably. Any involvement in this activity will result in the transactions being deleted from the customer's trading history and will not be taken into account when calculating earnings or losses. Similarly, it is strictly prohibited to copy other traders' or entities' trading activity by making trades that closely resemble theirs without first obtaining permission from the company. Trading in a way that deviates from standard forex or any other financial market operations is forbidden. It is not permitted to engage in account rolling, grid trading, tick scalping, excessive leverage, overexposure, or one-sided wagering. Using high level of margin is prohibited.
  • The customer cannot take advantage of the services by trading without following the norms of market-standard risk management. This involves initiating trades with significantly bigger position sizes than others, or a small or large number of positions.
  • The customer isn't allowed to designate or authorize a third party, whether a professional or private individual, to execute trades on their behalf or to grant access to their account. They are also not allowed to manage another individual’s account.
  • The provider is free to determine whether any particular transactions, methods, approaches, or circumstances qualify as prohibited activities. A User cannot access multiple devices from the same IP. Doing so, shall disqualify him from the challenge at any stage.

Only when the payout schedule is due, and the account balance is at least $50, withdrawal can be done along with performance commission (if any).

2.4 THOROUGH EXPLANATION OF A FEW RESTRICTED PRACTICES THAT DO NOT ALIGN WITH OR GOES BEYOND THE SCOPE OF FUNCTIONING OF THE REAL MARKET

2.4.1 DATA FREEZING

The effects Of Data Feed Freezing: Platforms used for trading frequently encounter data feed freezing. This tends to occur when the system gets overwhelmed with data. Users' trades do not get updated instantly on the platform if data is frozen. It appears as though the platform briefly stops providing the most recent pricing changes.

The Reasons for Data Feed Freezing: A spike in market activity, a technical malfunction, or an issue unique to a trading platform are some of the main causes why data feeds freeze. Trading platforms periodically may also purposefully freeze data as a part of risk management techniques.

Exploitation of Data Feed Freezing: Some trading systems frequently cause the data feed to freeze. This might only last for a few seconds, giving you plenty of time to check at the data on another trading platform that isn't freezing and see where the price is headed. Additionally, certain trading platforms freeze data more consistently and methodically than others. Predicting price movements seems great, however this isn't practical for live accounts.

2.4.2 USING A DELAYED DATA FEED

Although a little more intricate, this approach is quite similar to the last one. The quality of each trading platform's data supply varies. A few seconds separate some from the others. Programs exist that can identify this delay and utilize it to their advantage in the market. Trading platforms are well aware of this activity and are taking all necessary precautions to prevent it from occurring.

2.4.3 TRADING ON DELAYED CHARTS

There are trading systems that offer demo accounts with delayed charting. Stocks and other infrequently traded items are popular for this. The trader can pass the challenge by simply glancing at another trading platform to see where the price will move fifteen minutes ahead of time. This approach is incompatible with how the actual market operates because it cannot be carried out while trading on a live account.

3. FREE TRIAL ACCOUNTS

Free trial accounts are those that do not employ real money and don't incur fees. These accounts are provided to traders so they can hone their trading abilities before taking on challenges or real accounts. During this type of trading, they can also experiment and test various trading tactics. Each company has a different free trial trading duration. The targets and goals for such accounts shall also be decided by the company. Performing well in these accounts doesn’t mean that the trader will get a demo or a real account. These accounts also do not give any payouts. It is just an additional and pivotal service from the company, for the customer.

4. DEMO ACCOUNTS

  • Demo accounts are those that incur little fees in comparison to real accounts. These accounts are provided to traders so they can get the feel of a real account. A trader might get an account on the basis of the fees that they are paying to the provider. Bigger the fees, bigger the account.
  • Different account sizes have a different set of targets. These accounts are also known as challenge accounts and consists of various stages / levels. Traders move to the next level once they have achieved targets of that level without getting disqualified due to any reason whatsoever. They always have the option to aim for a higher and a higher demo trading account.
  • These accounts also do not involve payouts.
  • Performing well in the demo trading account, doesn’t, in any way guarantee a live or a real account.
  • Traders are free to execute any transaction on the trading platform during the demo trading period unless it involves trading methods or practices that are prohibited by the standard market rules and regulations in the financial markets. The conditions of the trading platform that the customer, has chosen for trading may also impose restrictions on trading.
  • The provider bears no responsibility for any information showed on the trading platform, nor for any interruption of, or delay or inaccuracy in the market information displayed in the client section of the customer.
  • Users understand that the information about their demo trades on the trading platform is accessible to the provider. Users give the provider permission to share this information with individuals or organizations that are associated with them, and they also give the provider and those individuals or organizations permission to handle this information as they see fit. Customers acknowledge that these actions may be carried out automatically without any additional permissions, discussions, or consent from them and that they are not entitled to any compensation or revenue related to this.
  • The provider is aware that through their demo trading, clients do not give recommendations or advise about investments to the provider.
  • The provider is aware that through their demo trading, clients do not give recommendations or advise about investments to the provider.

DIFFERENCE BETWEEN DEMO AND LIVE ACCOUNTS

S. No. Basis of Difference Demo Account Live Account
1. Definition Demo account is also known as a challenge account Live account is a type of account that is not a challenge account but a live account
2. Payout No remuneration Remuneration
3. Slippage Very little as no real liquidity involved High as real liquidity involved
4. Orders Orders closed at the quoted price Orders closed at the closest price
5. Fees Lower fees Higher fees

PROHIBITED DEMO ACCOUNT PRACTICES

  • Performing trades using data feed that is slow and external,
  • Violating the TOS while trading on the platform,
  • Using any software that would in some way give the customer an unfair advantage over other traders,
  • Exploiting any error due to an update on our website,
  • Trading with other traders in a way to manipulate the market by holding opposite positions,
  • Trades that contradict the actual forex market trades and leads to problems such as overleveraging and so on,
  • Allowing any third-party to perform trades on the behalf of the customer,
  • Performing on the behalf of any user of the platform by acting as a third-party.

ACCOUNTS ARE ENTITLED TO BE SHUT DOWN PERMANENTLY OR TEMPORARILY BY THE PROVIDER IF THE CUSTOMER IS CAUGHT BREAKING ANY OF THE RULES MENTIONED IN THE TOS.

5. KYC (KNOW YOUR CUSTOMER)

The company intends to implement a simple and an easy process in relation to KYC (Know Your Customer), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) according to the legal requirements.

KYC AND ITS OBJECTIVES

KYC aims to set up an efficient and a transparent process for identifying and verifying the counterparties. It also aims to detect any suspicious activity, prevent any risk of money laundering and inconsistencies through the acquired information.

KYC would include the following steps. The customer must strictly adhere to these.

After completing the challenge step:

  • The customer would have to provide original and certified copies of their identity for verification purposes.
  • The customer would have the option to do this through scan of a code or by opening a mailed link.
  • The customer will have to upload any valid photo ID documents including:
    1. National ID
    2. Passport
    3. Driving License
  • All the documents uploaded must be recent and valid (not expired). After successful verification, the customer is redirected to a page for signing of an agreement which will need the customer’s details such as name and address and this whole process may take 48-72 hours.
  • The company reserves the right to terminate any arrangement if this criterion is not met and this would result in rejection of the customer’s account application.

CUSTOMER DUE DILIGENCE (CDD)

The company may conduct a series of checks to verify the counterparty’s identity and mitigate the risks of money laundering, financing of terrorism activities and other illicit or illegal activities.

The provider intends to assess and monitor the nature, financial knowledge, strategies, and activities of the trader and ensure that they are in compliance.

ENHANCED DUE DILIGENCE (EDD)

EDD exceeds standard CDD requirements and includes an advanced risk assessment process which involves gathering of information about high-risk customers to potentially mitigate any risk of financial crime, money laundering or terrorist financing. The customer may be asked for additional documents if the documents provided are inadequate or alarming. The provider may resort to a video call to conduct a detailed interview to verify the customer’s legitimacy. All the trading activities will be monitored to ensure that the regulations are strictly adhered to.

UPDATE OF ACCOUNT INFORMATION

The provider reserves the right to impose a limit on the quantity of items purchased and in its sole discretion may refuse any order (including orders placed by dealers, resellers, or distributors). Restrictions could be applied on orders made by a same account, same payment card, or with orders having same address. The provider will notify the customer of any cancelled or modified order through the supplied contact information. The customer must provide complete, correct, and accurate information while placing any order and making payment and must also update this from time to time so that contact can be established with the counterparty.

6. PRIVACY POLICY

We respect your privacy and want to ensure that customers who access our website and use our services are aware about the way their personal data is used. Our privacy policy is applied to all our products and services and governs the collected data’s usage by us. You automatically consent to our privacy policy when you use our website. To know more in detail, head to the privacy policy section on our website.

7. PAYMENT AND BILLING INFORMATION

  • The fees for the real accounts and challenges are expressed in dollars. Other currencies that are listed on the website can also be used to pay the fee. Before confirming the order, the user will automatically see their total payment in their chosen currency if they choose a currency other than the euro. The cost for the demo or real account will be converted using the on-going exchange rates.
  • Payment cards, bank transfers, and other methods of payment offered by the provider are acceptable ways for users to pay for the challenges and accounts.
  • The payment will be handled right away if the user chooses to use their card or any other expedited payment option. When a customer uses a bank transfer, they receive an invoice detailing the amount they need to pay. The fee is deemed paid when the whole amount is deposited into the provider's account. The provider is free to cancel the user's order at any time if there is a payment delay.
  • The provider will make an effort to contact the consumer via phone or e-mail if an order must be modified or cancelled. Hence, it is requested to the customers to keep their personal information updated on our website.
  • The supplier retains the right to restrict or forbid orders that seem, in the provider's exclusive discretion, to have been placed by resellers or dealers or unauthorized distributors.
  • By agreeing to the terms of the current TOS and beginning working with us, each client acknowledges that the actual amount of payment is non-negotiable and may vary from the amount displayed on the website. All blocked accounts, along with those that haven't been used for six months, are moved to the archives area, and have their balances cancelled. Following the restoration of an archived account, the client may ask to see the account's balance and, should it have been there when the account was moved to archives, may request to have it restored. The user can fill out a free application and submit it by getting in touch with our support team.
  • All the users are remunerated on a profit-split basis only.
  • If a user applies for a refund and is eligible for it, and while buying the service they had applied any discount code or promotional offer, then, their refunded amount will be the discounted price minus our fees/charges.
  • If a client is able to win a large sum of money in the real accounts, the provider can choose to pay the client in instalments. If the user commits mistakes that prevent the payout from being delivered, the provider will not be held liable. In addition, money won't be transmitted again if the foreign institution accepting it rejects it or transfers it. The payment mechanism may impose charges on the recipient.
  • When an order payment is contested, it negatively affects the company's finances and harms our reputation. As a result, we will prohibit such accounts in accordance with our policy and won't consider petitions to unban them.
  • Our service charges are inclusive of taxes. Hence, our customers / traders are required to pay their taxes and fees if they are generating any revenue through our service, in accordance with the applicable laws in their country.
  • Users who are involved in disputed transactions that occur in the regular course of business and for which we have not encountered any issues will not be entitled to open new accounts with us; instead, all of their active accounts will be refunded with their current balances.
  • For any other payment related query, you can head to our FAQ section or use the live-chat option. If your query is still unresolved, you can e-mail to us at (e-mail id).

8. REFUND POLICY

Refund policy is formed to help the customers understand the situations in which they are entitled for a refund and what makesthem forfeit the refund. Final decision regarding the refund lies in the hands of the provider.

9. ACCOUNT TERMINATION

For all purposes, this agreement's responsibilities, and liabilities that the parties committed before the date of termination will be in effect even after it ends. Until both the supplier and the user terminate these terms and conditions, they remain in effect. By telling the provider that they intend to no longer use the services or website, the user may at any time terminate these terms and conditions.

The providers reserve the right to terminate this agreement at any time without prior notice, and the user will still be liable for any outstanding balance upon termination. In addition, we may refuse the users to access of our services to the users if, in our sole discretion, the user violates any term or provision of these terms and conditions.

Equtio expects its clients to treat the laws, rules, and requirements with the utmost seriousness. Moreover, Equitio respects how real markets operate. As such, it is not permitted to use our platform for any simulated trading activities that obstruct the operation of real markets. These kinds of simulated trading activities, which deviate from how actual markets operate, include, among other things:

  • Utilizing the platform or freezing data
  • Making use of a delayed data feed
  • Using delayed charts for trading
  • Trading during important macroeconomic news releases
  • Utilizing the assurance of limit order compliance
  • Hedging trades between (business) accounts and/or accounts belonging to third parties

11. RISK DISCLOSURE

The content that Equitio publishes and distributes is not meant to be a specific investment recommendation, business recommendation, investment opportunity analysis, or other kind of general recommendation regarding the trading of investment instruments. Rather, it is meant only for study purposes related to trading on financial markets. It is advisable to avoid taking on more risk than one can afford to lose when trading in the financial markets, as it is a high risk activity! Our suggestion for our customers is to read our terms and conditions and other policies thoroughly before participating in the challenges or handling real accounts. This would help them understand what they are getting into and how it is going to be beneficial for them. We, as a team will try to help our customers in every way possible but won’t entertain any break of rules. Our refund policy is also fixed, and no amount or requests can change its conditions. Lastly, all our customers are with us due to their own free will and have not been compelled or pressurised in any way by us.

12. LIABILITY AND INDEMNIFICATION

12.1 Preliminary remarks

The provider does not promise, represent, or commit that the customer's use of the service will be remain free from error, timely or prompt, secure, or uninterrupted always, the customers could face some of these issues at some point, while trading. The accuracy and dependability of the results acquired by using the service are not guaranteed by the provider. The client understands that the service provider has the right to terminate or suspend the service at any time, with or without prior notice to the client. The user specifically acknowledges that they are solely responsible for any risks associated with using, or not using, the service. For the benefit of the customer, all goods and services obtained through the provider's services are offered "as is" and "as available," liberated from any express or implied representations, warranties, or conditions of any kind, or conditions of reliability, acceptable quality, longevity, title, and noninfringement.

A customer's use of the service or any products they purchase, using it may result in loss, claim, or any kind of damage. The provider and its officers, directors, personnel, associates, agents, contractors, trainees, vendors, service providers, or licensors shall not be held liable for any such damages. The providers and its associates will not be liable for any kind of claim arising out of a customer's use of the service or any product.

If the provider's failure to deliver the requested services is caused by significant operational or technical issues beyond its control, then the provider is not liable. As some states or jurisdictions do not permit the exclusion of consequential or incidental damages, the provider might be unable to continue providing services in the event of a crisis, natural disaster, war, pandemic, or other threat due to legal obligations or decisions made by public authorities. Hence in such cases, the provider's liability would be restricted in certain states or jurisdictions to the greatest extent allowed by law.

12.2 INDEMNIFICATION

In the event when the customer violates these terms of service, any documents incorporated by reference, any postings made by the customer, incapability to use the site or its services, violating any law or the rights of a third party, or otherwise failing to comply, the customer agrees to indemnify and defend the provider, as well as its parent organization, affiliates, partners, directors, executives, agents, contractors, licensors, vendors, subcontractors, suppliers, trainees, and employees, against any claims or demands, including reasonable attorneys' fees, made by any third party. Customers undertake to fully cooperate with the company in asserting such defences, and the company reserves the right, to assume the sole defence and the control of any issue that is not otherwise subject to indemnification by the customer.

13. ARBITRATION

If the parties cannot agree on how to settle any disagreement that arises between them over these TOS, whether it be in contract, at law, in equity, or for damages or another form of relief, then the only way that the dispute will be settled is through final and binding arbitration in accordance with the Federal Arbitration Act. This arbitration will be carried out by a single impartial arbitrator or by a similar arbitration service that the parties will choose, in a location that will be mutually agreed upon.

The arbitrator's decision is final and enforceable in any court with the authority to grant judgment. The winning party in any legal or equitable action, proceeding, or arbitration arising out of or relating to these TOS will be entitled to reimbursement for its legal expenses and reasonable attorney fees. All claims and disputes pertaining to these terms or arising out of these terms, whether directly or indirectly, including claims resulting from these terms, shall be resolved through arbitration, that the parties agree. The parties acknowledge that the Federal Arbitration Act will control how this clause is interpreted and used. The arbitrator will decide the whole dispute, including the extent and enforceability of this arbitration clause.

14. THIRD PARTY LINKS, CONTENTS AND MATERIALS

www.equitio.com may contain links to other websites (linked sites). The linked sites are not in control of Equitio and Equitio does not bear any responsibility for the contents of any linked site, including (without limitation) any link contained in a linked site, including any modifications or updates made to a linked site. Equitio provides these links to the visitors and users only as a convenience, and does not imply endorsement by Equitio of any site or any association with its operators.

Some services made available via Equitio are delivered by third-party sites and organizations. By accessing any product or service or functionality originating from www.equitio.com, the users hereby acknowledge that Equitio might share some of the information and data with any third party with whom Equitio has a contractual relationship to provide the requested product, service or functionality on behalf of www.equitio.com users and customers.

Before the users proceed with any transaction, it is crucial for them to read through and understand the third-party's policies and practices. Contacting the third party is the appropriate course of action for any complaints, claims, queries, or issues pertaining to their products. If the users choose to utilize optional third-party tools, the provider won't be held responsible in any way. Optional tools made available through the site is used by the users at their own risk and discretion. Users should also make sure that they understand and agree to the terms laid out by the applicable third-party provider(s) before using any tools. Additionally, we the providers, might provide additional features and/or services on the website in the future (such the introduction of fresh tools and resources). These terms and conditions will also apply to such new features and/or services.

15. INTELLECTUAL PROPERTY RIGHTS

The provider or the provider's licensors controls the website and all services, including the client section, their appearance, data, information, and elements like texts, drawings, graphics, designs, icons, images, audio and samples of video, and other content that may form the website and the services. These are protected legally by copyright laws and other legal regulations. Non-exclusive, non-transferable, non-assignable, non-passable, and revocable authorization is granted by the provider to its clients to use the material in connection with their personal use of the services and in compliance with the purposes for which the services are offered. The provider or the provider's licensors hold ownership of the content, which is neither sold nor transferred to the customers. The provider does not authorize its visitors or customers to use any trademarks, logos, trade names, or other designations; all of these belong to the provider or its licensors.

In carrying out the terms of the agreement and engaging in mutual exchanges, the customer, and the supplier both agree to behave fairly, especially with regard to protecting the other party's good name and legal rights. Any problems or disputes that may arise between the customer and the provider will be settled in line with these TOS and any applicable laws. The provider does not provide the customers any other rights with respect to the services and other content, except from those rights that are specifically stated in these TOS. Customers may only use the content and services in accordance with these TOS.

The following is not permitted when using the services or other content:

  • to employ any tools that could negatively impact the website's and services' functionality or that are designed to exploit mistakes, glitches, or other shortcomings,
  • to sell, lease, license, distribute, replicate, promote, broadcast, or use our services or other content is not allowed,
  • to get beyond any technological limitations or availability,
  • to duplicate or create backups of the content on the website,
  • to alter, disassemble, decompile, or otherwise work with the website and its contents,
  • to access, display, or gather information from the website or services using automated methods,
  • to employ any additional instruments or methods that may jeopardize the provider.

16. ACCURACY OF INFORMATION

The user understands that the services and content are offered "as is," with any flaws, errors, or potential deficiencies, and that the user bears all liability for using such services and content. The provider acknowledges that technology may have inherent limitations even though it makes every effort to guarantee that all information is correct and up to date. As a result, the customer consents to use the services with this understanding and accepts these possible limitations. The provider disclaims all kinds of warranties, to the fullest extent allowed by applicable law.

Rarely, information on product descriptions, prices, promotions, offers, product shipping costs, transit times, and availability may have typographical mistakes, inaccuracies, or omissions on the website or in the services. At any time and without prior notice, the provider has the right to update or modify information, correct any errors or inaccuracies, and cancel orders (even after the customer has submitted their order). With the exception of information mandated by law, the provider makes no commitment to update, modify, or clarify any information in the service or on any associated website.

Should the customer notice any inconsistencies or irregularities in the service, including but not limited to account information, transactions, or service functions, they must notify the provider right away. The provider will be able to identify and resolve the issue quickly in case of timely reporting, preserving the accuracy and integrity of the service. Clients can email – support@equitio.com or use the live chat feature on the dashboard or website to report these problems and request assistance from the support team. The provider maintains the right to take the necessary steps to address any disparities in order to guarantee that the service functions properly and in accordance with the terms intended.

17. CHANGES TO TERMS OF SERVICE

The most recent version of the terms and conditions is always available for viewing on this website. We reserve the right to act in our sole discretion to update or modify our website and also update, modify, or replace any portion of these terms and conditions. It is the duty of the viewer to regularly visit our website for updates. After any modifications to these terms and conditions are posted, customers who continue to use or access our website or service are deemed to have accepted those changes. Lastly, the most current version of the terms will only be implied, whenever updated.

18. USERS REVIEWS POLICY

Creating strategies for business improvement might benefit from the use of statistics to study consumer behaviour before and after a purchase or service. We think that the advice from users who are similar to you, or your peers, is the strongest recommendation out there. The user review section of the website is therefore crucial to the reviewing process as a whole. We are able to comprehend our main areas of focus when users provide comments about our goods or services. It assists us in identifying the areas of our service that require additional effort on our end. Reviews have the potential to improve consumer and business relationships while also assisting our organization and users in learning new things. To know more about this policy, head to the users review policy section on our website.

19. DEFINITIONS

Client / Customer / User

An individual who has reached the permissible age and is wishing to create its own account or has already created it in order to use the website under these terms of use and was delegated “client, consumer, customer or user” status pursuant to these terms of use.

Client area

It refers to the individual accounts of the clients which can be accessed through their own usernames and passwords. This area helps the clients by giving them an in-depth picture of their trading history, challenges status and provides them with various learning resources.

Visitor

An individual who visits our website without creation of an account.

Provider

The one who is providing services. In our website’s context, provider is the team behind the services, those who are responsible for its functioning.

Website

It refers to the domain which the visitors / users access to know more about trading and services offered by the provider. Our website is www.equitio.com

Mobile application

It refers to the software which the clients can install and use on their phones to access the services offered by the website. It makes it easy due to its high mobility as it reduces the need to be in front of a desktop.

Content

It refers to the data which is there on the website. All the texts, graphics, images, designing, videos, educational resources, testimonials, reviews etc are a part of content. Through good content, providers try to establish a relationship with its visitors. Good content would make a visitor turn into a client as they would find the website fulfilling and useful.

Termination

It refers to the ending of the services, ceasing of it either due to a mutual decision by the parties or due to the violation of any of the rules mentioned in the TOS.

Spam

It refers to the content that is not authorized by us. It could contain links to malicious websites or abusive content.

Reviews

Statements or comments by the visitors or users of a platform. It is a way for the customers to express how they feel about a platform, this feeling could be good, bad, or mixed. The purpose of writing reviews is to let the provider know how satisfied or disappointed someone is with their services and ways in which the services could improve.

Third party

It refers to the other providers who work with us in providing our clients with different services. Any collaboration or partnership with some other service provider would make them a third party for our immediate clients.

Some of the concepts have also been cleared in the FAQ section on our website. If doubts still pertain, we can be contacted through our e-mail ID.

20. CONTACT US

Questions regarding our terms and conditions or our policies should be sent to us at – support@equitio.com. We have tried answering the probable questions in our FAQ section on our website. Nevertheless, we will revert as soon as possible to the e-mails, if any.