FFX Global Funded Traders Rules and Agreement | Confidential

FFX GLOBAL LTD

FUNDED TRADERS TERMS AND CONDITIONS AGREED TERMS

Your attention is particularly drawn to the provisions of clause 13 (Limitation of liability).

1. About us

1.1. Company details. FFX Global LTD (company number 12912559) (we, us and our) is a company registered in England and Wales and our registered office is at Repton Manor, Repton Avenue, Ashford, England, TN23 3GP. Our main trading address is Repton Manor, Repton Avenue, Ashford, England, TN23 3GP. Our VAT number is 367 2225 94. Our trading name is “FFX Fund”.

1.2. What we are. We are an educational and administrative company that runs and manages an online proprietary trading program, known as the Funded Trader Program (FTP). We provide a practical and educational assessment in our FTP to traders of all nationalities, giving them an opportunity to enhance their risk management and trading psychology, as well as compounding profits via the FTP. We are continuously looking for the best traders who are seeking to develop and build their trading career by trading the capital of our third-party vendors.

1.3. What we are not. We are not a financial institution of any kind. We are not a broker and we do not market for any brokerage services. We do not invest client money and we do not trade it on the financial markets. All funding in the FTP is provided by our third-party vendor’s (TPV) own capital.

1.4. Contacting us. To contact us email us at [email protected]. How to give us formal notice of any matter under the Contract is set out in clause 18.2.

1.5. Regulation. We are NOT authorised or regulated by the Financial Conduct Authority (FCA). We do NOT undertake any regulated activities, and we operate in compliance with the FCA’s guidelines.

2. About you

2.1. In order to trade with a Funded Account:

(a) you may be an individual trader or a limited liability company;

(b) you may not be a large organisation, a group of individuals or a copy trader;

(c) if you are an individual or a company director, you must be over 18 years old;

(d) you must provide us with photographic ID as proof of your identity.

(e) You may be of any nationality from Europe, the Americas, Africa, Asia, Australia, or New Zealand, except for individuals who are nationals of, residents of, or otherwise located in the following countries or territories: Cuba, Iran, Libya, Sudan, Syria, Yemen, Venezuela, North Korea, Russia, Belarus, and the following regions of Ukraine: Crimea, Donetsk, Luhansk, Zaporizhzhia, and Kherson Oblast.

(f) you must have familiarity with forex trading terms, such as: Market Open and Closing Hours; Economic Calendar and Releases; Flexible and Fixed Spreads; Commissions; Overnight Swaps; Pip; Point Value; Lot Size; Stop Loss; Take Profit; Market Order; Stop Order; Limit Order; Ask; Bid; Drawdown $, and Drawdown %.

(g) you must demonstrate adequate trading skills during and after passing your Assessment.

(h) you must understand our risk management policies and minimum requirements.

2.2. You will not be held liable for any trading losses that may incur during the Assessment Trader or Portfolio Asset Manager phase of the FTP. However, you must at all times trade responsibly and avoid incurring significant losses on the Funded Account and observe your obligations at clause 7 below.

3. Our contract with you

3.1. Our contract. These terms and conditions (Terms), and the terms set out in the attached Schedule, apply to the order by you and supply of Services by us to you (Contract). They apply to the exclusion of any other terms that you seek to impose or incorporate, or which are implied by law, trade custom, practice or course of dealing.

3.2. The TPV supplies the trading capital to trade on the Funded Accounts to us for use by our students and traders, consisting of:

(a) Assessment Trader. A trader who is pursuing the assessment on a live Funded Account to qualify as a Portfolio Asset Manager once the trader meets the full requirements.

(b) Portfolio Asset Manager. A trader who has achieved the initial assessment requirements and is trading a fully forex Funded Account. The TPV is not party to, and has no rights or obligations arising under, this Contract.

3.3. Entire agreement. The Contract is the entire agreement between you and us in relation to its subject matter. You acknowledge that you have not relied on any statement, promise or representation or assurance or warranty that is not set out in the Contract.

3.4. Language. These Terms and the Contract are made only in the English language.

3.5. Your copy. You should print off a copy of these Terms or save them to your computer for future reference.

4. Placing an order and its acceptance

4.1. Placing your order. Please follow the onscreen prompts to place your order. You may only submit an order using the method set out on the site. Each order is an offer by you to buy the services specified in the order (Services) subject to these Terms.

4.2. For the avoidance of doubt, our Services consist of operating the FTP, full details of which are set out in the attached Schedule.

4.3. Correcting input errors. Our order process allows you to check and amend any errors before submitting your order to us. Please check the order carefully before confirming it. You are responsible for ensuring that your order and any specification submitted by you is complete and accurate.

4.4. Acknowledging receipt of your order. After you place your order, you will receive an email from us acknowledging that we have received it, but please note that this does not mean that your order has been accepted. Our acceptance of your order will take place as described in clause 4.5.

4.5. Accepting your order. Our acceptance of your order takes place when we send an email to you to accept it (Order Confirmation), at which point and on which date (Commencement Date) the Contract between you and us will come into existence. The Contract will relate only to those Services confirmed in the Order Confirmation.

4.6. If we cannot accept your order. [If we are unable to supply you with the Services for any reason, we will inform you of this by email and we will not process your order.] If you have already paid for the Services, we will refund you the full amount.

5. Cancelling your order

5.1. You may cancel the Contract if you notify us within 28 days of your receipt of the Order Confirmation. You cannot cancel the Contract once we have completed the Services, even if the 28-day period is still running.

5.2. To cancel the Contract, you must email us at [email protected]. Please include details of your order to help us to identify it. If you send us your cancellation notice by email, then your cancellation is effective from the date you send us the email or post the letter to us. For example, you will have given us notice in time as long as you get your letter into the last post on the last day of the cancellation period or email us before midnight on that day.

5.3. If you cancel the Contract, no refunds will be payable to you.

6. Our services

6.1. We will carry out our obligations as set out in these Terms and under the Schedule.

6.2. Descriptions and illustrations. Any descriptions or illustrations on our site are published for the sole purpose of giving an approximate idea of the services described in them. They will not form part of the Contract or have any contractual force.

6.3. Compliance with specification. Subject to our right to amend the specification (see clause 5.3) we will supply the Services to you in accordance with the specification for the Services appearing on our website at the date of your order in all material respects.

6.4. Changes to specification. We reserve the right to amend the specification of the Services if required by any applicable statutory or regulatory requirement or if the amendment will not materially affect the nature or quality of the Services.

6.5. Reasonable care and skill. We warrant to you that the Services will be provided using reasonable care and skill.

6.6. Time for performance. We will use all reasonable endeavours to meet any performance dates specified in the Order Confirmation, but any such dates are estimates only and failure to perform the Services by such dates will not give you the right to terminate the Contract.

7. Your obligations

7.1. It is your responsibility to ensure that:

(a) the terms of your order are complete and accurate;

(b) you cooperate with us in all matters relating to the Services;

(c) you provide us with such information and materials we may reasonably require in order to supply the Services, and ensure that such information is complete and accurate in all material respects;

(d) you comply with all applicable laws;

(e) you adjust your strategy risk exposure to match the requirements of the FTP before starting to trade with our third-party vendor’s capital.

(f) you will act responsibly while trading on the FTP to avoid incurring any severe losses on the Funded Account;

(g) you apply the required measures to enforce the risk management policies specified by us;

(h) you must not give access to the Funded Account to any third parties and doing so will be considered a material breach of this Contract;

(i) if you believe that the Funded Account credentials have been lost or stolen, you must report this to us by e-mail immediately.

7.2. If our ability to perform the Services is prevented or delayed by any failure by you to fulfil any obligation listed in clause 6.1 (Your Default):

(a) we will be entitled to suspend performance of the Services until you remedy Your Default, and to rely on Your Default to relieve us from the performance of the Services, in each case to the extent Your Default prevents or delays performance of the Services. In certain circumstances Your Default may entitle us to terminate the Contract under clause 15 (Termination);

(b) we will not be responsible for any costs or losses you sustain or incur arising directly or indirectly from our failure or delay to perform the Services; and

(c) it will be your responsibility to reimburse us on written demand for any costs or losses we sustain or incur arising directly or indirectly from Your Default.

8. Charges

8.1. In consideration of us providing the Services you must pay our charges (Charges) in accordance with this clause 8.

8.2. The Charges are the prices quoted on our site at the time you submit your order.

8.3. The Charges consist of a one-time only fee to cover the trading costs and/or losses you may incur during the Assessment Phase of the FTP. We will not charge any monthly or recurring fees throughout the whole of the FTP.

8.4. Our Charges do NOT amount to a deposit into a Funded Account or trading account of any kind.

8.5. All Charges are non-refundable.

8.6. If you wish to change the scope of the Services after we accept your order, and we agree to such change, we will modify the Charges accordingly.

8.7. We take all reasonable care to ensure that the prices stated for the Services are correct at the time when the relevant information was entered into the system. However, please see clause 8.10 for what happens if we discover an error in the price of the Services you ordered.

8.8. Our Charges may change from time to time, but changes will not affect any order you have already placed.

8.9. Our Charges are exclusive of VAT. Where VAT is payable in respect of some or all of the Services you must pay us such additional amounts in respect of VAT, at the applicable rate, at the same time as you pay the Charges.

8.10. It is always possible that, despite our reasonable efforts, some of the Services on our site may be incorrectly priced. If the correct price for the Services is higher than the price stated on our site, we will contact you as soon as possible to inform you of this error and we will give you the option of continuing to purchase the Services at the correct price or cancelling your order. We will not process your order until we have your instructions. If we are unable to contact you using the contact details you provided during the order process, we will treat the order as cancelled and notify you in writing. However, if we mistakenly accept and process your order where a pricing error is obvious and unmistakeable and could reasonably have been recognised by you as a mispricing, we may cancel supply of the Services and refund you any sums you have paid.

9. How to pay

9.1. Payment for the Services is in advance. We will take your payment upon acceptance of your order.

9.2. You can pay for the Services using a debit card or credit card. We accept most major credit and debit cards via our third-party payment provider.

9.3. We will send you an electronic invoice within seven days of the beginning of the month following payment. For any failed or cancelled payments, a £20 administration fee will be levied.

9.4. We shall each pay all amounts due under the Contract in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law).

10. Complaints If a problem arises or you are dissatisfied with the Services, we have a comprehensive complaints policy. Email us at [email protected] for the procedure.

11. Intellectual property rights All intellectual property rights in or arising out of or in connection with the Services will be owned by us.

12. How we may use your personal information

12.1. We will use any personal information you provide to us to:

(a) provide the Services;

(b) process your payment for the Services; and

(c) inform you about similar products or services that we provide, but you may stop receiving these at any time by contacting us.

12.2. We will process your personal information in accordance with our Data Protection Policy, the terms of which are incorporated into this Contract.

13. Limitation of liability: YOUR ATTENTION IS PARTICULARLY DRAWN TO THIS CLAUSE.

13.1. We have obtained insurance cover in respect of our own legal liability for individual claims not exceeding £1,000,000 per claim. The limits and exclusions in this clause reflect the insurance cover we have been able to arrange, and you are responsible for making your own arrangements for the insurance of any excess loss.

13.2. Nothing in the Contract limits any liability which cannot legally be limited, including liability for:

(a) death or personal injury caused by negligence;

(b) fraud or fraudulent misrepresentation; and

(c) breach of the terms implied by section 2 of the Supply of Goods and Services Act 1982 (title and quiet possession).

13.3. Subject to clause

13.2, we will not be liable to you, whether in contract, tort (including negligence), for breach of statutory duty, or otherwise, arising under or in connection with the Contract for:

(a) loss of profits;

(b) loss of sales or business;

(c) loss of agreements or contracts;

(d) loss of anticipated savings;

(e) loss of use or corruption of software, data or information;

(f) loss of or damage to goodwill; and

(g) any indirect or consequential loss.

13.4. Subject to clause 13.2, our total liability to you arising under or in connection with the Contract, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, will be limited to the amount of the Charge paid by you to us under the Contract.

13.5. We have given commitments as to compliance of the Services with the relevant specification. In view of these commitments, the terms implied by the Supply of Goods and Services Act 1982 are, to the fullest extent permitted by law, excluded from the Contract.

13.6. Unless you notify us that you intend to make a claim in respect of an event within the notice period, we shall have no liability for that event. The notice period for an event shall start on the day on which you became, or ought reasonably to have become, aware of the event having occurred and shall expire 3 months from that date. The notice must be in writing and must identify the event and the grounds for the claim in reasonable detail.

13.7. This clause 13 will survive termination of the Contract.

14. Confidentiality

14.1. We each undertake that we will not at any time during the Contract, and for a period of 5 years after termination of the Contract, disclose to any person any confidential information concerning one another’s business, affairs, customers, clients or suppliers, except as permitted by clause 14.2.

14.2. We each may disclose the other’s confidential information:

(a) to such of our respective employees, officers, representatives, subcontractors or advisers who need to know such information for the purposes of exercising our respective rights or carrying out our respective obligations under the Contract. We will each ensure that such employees, officers, representatives, subcontractors or advisers comply with this clause 14; and

(b) as may be required by law, a court of competent jurisdiction or any governmental or regulatory authority.

14.3. Each of us may only use the other’s confidential information for the purpose of fulfilling our respective obligations under the Contract.

15. Termination, consequences of termination and survival

15.1. Termination. Without limiting any of our other rights, we may suspend the performance of the Services, or terminate the Contract with immediate effect by giving written notice to you if:

(a) you commit a material breach of any term of the Contract and (if such a breach is remediable) fail to remedy that breach within 3 days of you being notified in writing to do so;

(b) you fail to pay any amount due under the Contract on the due date for payment;

(c) you take any step or action in connection with you entering administration, provisional liquidation or any composition or arrangement with your creditors (other than in relation to a solvent restructuring), applying to court for or obtaining a moratorium under Part A1 of the Insolvency Act 1986, being wound up (whether voluntarily or by order of the court, unless for the purpose of a solvent restructuring), having a receiver appointed to any of  your assets or ceasing to carry on business or, if the step or action is taken in another jurisdiction, in connection with any analogous procedure in the relevant jurisdiction;

(d) you suspend, threaten to suspend, cease or threaten to cease to carry on all or a substantial part of your business; or

(e) We will observe your trading activity and warn you of any violations of the risk management policies up to 2 times before considering terminating your Funded Trader Program Agreement.

(f) your financial position deteriorates to such an extent that in our opinion your capability to adequately fulfil your obligations under the Contract has been placed in jeopardy.

15.2. Consequences of termination.

Termination of the Contract will not affect your or our rights and remedies that have accrued as at termination.

15.3. Survival. Any provision of the Contract that expressly or by implication is intended to come into or continue in force on or after termination will remain in full force and effect.

16. Events outside our control

16.1. We will not be liable or responsible for any failure to perform, or delay in performance of, any of our obligations under the Contract that is caused by any act or event beyond our reasonable control (Event Outside Our Control).

16.2. If an Event Outside Our Control takes place that affects the performance of our obligations under the Contract:

(a) we will contact you as soon as reasonably possible to notify you; and

(b) our obligations under the Contract will be suspended and the time for performance of our obligations will be extended for the duration of the Event Outside Our Control. We will arrange a new date for performance of the Services with you after the Event Outside Our Control is over.

16.3. You may cancel the Contract affected by an Event Outside Our Control which has continued for more than 30 days. To cancel please contact us. If you opt to cancel, we will refund the price you have paid, less the charges reasonably and actually incurred us by in performing the Services up to the date of the occurrence of the Event Outside Our Control.

17. Non-solicitation

You must not attempt to procure services that are competitive with the Services from any of our directors, employees or consultants, whether as an employee or on a freelance basis, or our third-party vendor, during the period that we are providing the Services to you and for a period of 3 years following termination of the Contract.

18. Communications between us

18.1. When we refer to “in writing” in these Terms, this includes email.

18.2. Any notice or other communication given under or in connection with the Contract must be in writing and be delivered personally, sent by pre-paid first-class post or other next working day delivery service, or email.

18.3. A notice or other communication is deemed to have been received:

(a) if delivered personally, on signature of a delivery receipt;

(b) if sent by pre-paid first-class post or other next working day delivery service, at 9.00 am on the second working day after posting; or

(c) if sent by email, at 9.00 am the next working day after transmission.

18.4. In proving the service of any notice, it will be sufficient to prove, in the case of a letter, that such letter was properly addressed, stamped and placed in the post and, in the case of an email, that such email was sent to the specified email address of the addressee.

18.5. The provisions of this clause will not apply to the service of any proceedings or other documents in any legal action.

19. General

19.1. Assignment and transfer

(a) We may assign or transfer our rights and obligations under the Contract to another entity but will notify you by posting on our webpage if this happens.

(b) You may only assign or transfer your rights or your obligations under the Contract to another person if we agree in writing.

19.2. Variation. Any variation of the Contract only has effect if it is in writing and signed by you and us (or our respective authorised representatives).

19.3. Waiver. If we do not insist that you perform any of your obligations under the Contract, or if we do not enforce our rights against you, or if we delay in doing so, that will not mean that we have waived our rights against you or that you do not have to comply with those obligations. If we do waive any rights, we will only do so in writing, and that will not mean that we will automatically waive any right related to any later default by you.

19.4. Severance. Each paragraph of these Terms operates separately. If any court or relevant authority decides that any of them is unlawful or unenforceable, the remaining paragraphs will remain in full force and effect.

19.5. Third party rights. The Contract is between you and us. No other person has any rights to enforce any of its terms.

19.6. Governing law and jurisdiction. The Contract is governed by English law and we each irrevocably agree to submit all disputes arising out of or in connection with the Contract to the exclusive jurisdiction of the English courts.

SCHEDULE

THE FUNDED PROGRAMME

1. THE TRADING PLATFORM

1.1. Our TPV provides the trading platform “Match Trader (MT)”.

1.2. You will have full control of the trading platform. We will not interfere with any trades unless you are not complying with the risk management policies.

1.3. Our TPV provides MT as a web platform.

2. THE FUNDED PROGRAM PHASES

2.1. The Assessment Phase. The Assessment Phase is the first stage of the FTP, where it is provided for the practical part of your educational journey to become a professional trader. During this stage, you must show a consistently profitable trading performance for the period of the assessment specified by us while meeting all the risk management policies.

2.2. The Portfolio Asset Manager Phase. The Portfolio Asset Manager Phase is the phase where the trader has met all the trading requirements and passed the Assessment Phase. During this phase, the trader will be fully qualified, and we provide you with access to our TPV’s own capital.

3. THE FUNDED TRADER PROGRAM RULES EXPLAINED

3.1. We expect you to follow the risk management guidelines and policies over strategy. Below are the definitions, rules and examples of components of the FTP:

3.2. The Profit Target (In $ USD) Objectives

3.2.1. At each stage of the program, the target is defined in terms of net USD amount and not in %.

3.2.2. All the trading costs, spreads, commissions, overnight swaps will be deducted when calculating the profits target.

3.2.3. Any profits made by a violation of the risk policies will also be deducted from the final profit target upon passing the assessment. In this case, the profit target will be extended by the amount of the profit made by risk policies violation.

3.2.4. Assessment Phase

3.2.4.1. The Profit Target in $ for the $2,500 Assessment Funded Account is $175.00 (Equivalent to 7%).

3.2.4.2. The Profit Target in $ for the $10,000 Assessment Funded Account is $700.00 (Equivalent to 7%).

3.2.4.3. The Profit Target in $ for the $15,000 Assessment Funded Account is $1050.00 (Equivalent to 7%).

3.2.5. Portfolio Asset Manager Phase

3.2.5.1. The Profit Targets for All Portfolio Asset Managers is equivalent to 10% of the initial account balance of each phase.

3.2.5.2. At each stage of the program, the target is defined in terms of net $ amount and NOT in %.

3.2.5.3. The Symbol % is for reference only to summarise all Profit Targets for all levels.

3.3. The Profit Share Split %

3.3.1. Assessment Phase. During the Assessment Phase, the funded trader takes home 50% profit share paid at the end of the assessment.

3.3.2. Portfolio Asset Managers Phases During these phases, the funded trader takes home 60% profit share at any time the funded trader requests a withdrawal once they have achieved at least 2% and a minimum of 10 Active Trading Days.

3.4. Profit Withdrawals

3.4.1. Any profits made as a result of a violation of the risk policies will be deducted from the final profit target upon passing the Assessment Phase. In this case, the profit target will be extended by the amount of the profit made by the risk policies violation.

3.4.2. When the funded trader fails the Assessment Phase in profit, then no profit share will be paid.

3.5. Withdrawal Process

3.5.1. All payments out of profit are made using wise (Formerly TransferWise).

3.5.2. Exchange rate fees, bank fees or processing charges will be deducted before any profit is paid.

3.5.3. All the trading costs, spreads, commissions, overnight swaps will be deducted when calculating the profits target.

3.5.4. If any Slippage occurs, then it will also be deducted from the profit payments. Forex slippage occurs when a market order is executed, or a stop loss closes the position at a different rate than set in the order. Slippage is more likely to occur in the forex market when volatility is high, perhaps due to news events, or during times when the currency pair is trading outside peak market hours.

3.5.5. Assessment Phase

3.5.5.1. We will pay the net profits to the funded trader, once s/he achieves the milestone profit target $, in one lump sum payment at the end of the assessment.

3.5.5.2. If the funded trader fails the assessment with a profit, then no profit share payment will be paid.

3.5.6. Portfolio Asset Managers Phases

3.5.6.1. We will pay net profits $ to the Portfolio Asset Manager as long as s/he has made 2% of their PAM profit target and a minimum of 10 Active Trading Days.

3.5.6.2. All Portfolio Asset Manager Phases profits are paid out during the 1st week of the month.

3.5.6.3. Any open trades are unrealised profit or loss. They are not taken into consideration unless they have been closed before the last day of the month.

3.5.6.4. If the trader makes no profit in a given month, no profit will be paid until the trader recovers the losses from the previous month and reaches a new high watermark profit.

3.5.6.5. In order to withdraw, the Portfolio Asset Manager has to send an email to us requesting a withdrawal once they have met the conditions; otherwise, we will assume that the Portfolio Asset Manager wants to leave his/her profit share in the account.

3.5.6.6. The Portfolio Asset Manager will specify to us how much s/he wishes to withdraw and how much profit to leave in the account.

3.5.6.7. Any 60% profits share paid out to the Portfolio Asset Managers is deducted from the account balance.

3.5.6.8. We will also withdraw 40% share of profits every time the funded trader requests a withdrawal. However, the withdrawal will not affect the account growth, and it does not require the funded trader to compensate for the profit withdrawn.

Example: Suppose the funded trader passes the $10k Assessment and is now a Portfolio Asset Manager on the $40K funded account. In that case, they will have a profit target of $4,000 (10%). If in this case, in their first month, the funded trader makes a profit of $2,000 (5%) bringing the account balance to $42,000; the funded trader will have three choices: (a) withdraw the full amount, (b) withdraw a partial amount, or (c) keep the funds in as an extra buffer against drawdown.

Suppose the funded trader requests a withdrawal of his/her 60% profit share, which in this example is $1,200. Then, we will also withdraw its 40% profit share ($800) from the funded account. Thus, the account balance will drop back to $40,000, and the trader’s fixed stop out level will remain $38,000.

However, after withdrawal, the funded trader will only have to make the remaining $2,000 (5%) to complete the profit target objective in the following time. This is because the funded trader has a target to generate $4,000 in profit $ in total, and we will not penalise the trader for withdrawing as they gradually make profits.

3.6. Account Growth

3.6.1. Assessment Phase

3.6.1.1. Once the funded trader has completed the assessment phase, our TPV will fund the account x4 times the assessment account size.

3.6.1.2. For example, the funded trader starts with an assessment account of $10,000. Then, given all the assessment requirements have been met, our TPV will fund you with $40K ($10K x 4) capital to trade as a Portfolio Asset Manager.

3.6.1.3. For the $2.5K assessment funded account, you would get $10K fully funded account upon passing the assessment.

3.6.1.4. For the $10K assessment funded account, you would get $40K fully funded account upon passing the assessment.

3.6.1.5. For the $15K assessment funded account, you would get $60K fully funded account upon passing the assessment.

3.6.2.Portfolio Asset Managers Phases

3.6.2.1. Every time the funded trader generates trading profit $ equivalent to 10%, the account will grow in according with the scaling plan in Appendix I.

3.7. The Max Relative Drawdown $

3.7.1. Assessment Phase

3.7.1.1. The max loss during the Assessment Phase is 5% Fixed Drawdown $.

3.7.1.2. The max loss during the Assessment Phase is 5% fixed loss from initial balance. The fixed loss is defined by 5% Loss of the Initial Account Balance (Not Relative)

3.7.1.3. The losses can never exceed the value of the Maximum Fixed Drawdown $ specified at the start of each Assessment Phase.

3.7.1.4. For example, For the $10K assessment, the max fixed Drawdown $ is $500. This means if your account drops below $9,500 then your account will be terminated.

3.7.2. Portfolio Asset Manager Phase

3.7.2.1. The max loss during the Portfolio Asset Manager Phase is 5% fixed loss from initial balance. The fixed loss is defined by 5% Loss if the Initial Account Balance (Not Relative).

3.7.2.2. The losses can never exceed 5% of the initial account balance.

3.7.2.3. For example, given the previous example, once you pass the Assessment Phase on the $10K funded account, you will be given a $40K fully funded account to trade as a Portfolio Asset Manager. Then the stop out level based on the 5% Fixed loss would be $40,000 – ($40,000 x 5%) = $38,000. So, the funded trader would not lose the account until the account equity hits $38,000.

3.8. Hard Stop Loss Value of 2% per trade idea

3.8.1. Assessment Phase

3.8.1.1. The funded trader must have a Stop Loss placed within 1 minute of placing the trade for every and each pending limit order, stop order, and/or market order and for all open trades.

3.8.1.2. The Funded Trader must ensure that the total risk across any single trade idea does not exceed 2% of the account balance. A trade idea is defined as any position or combination of positions — including scaled entries — held in the same instrument, regardless of direction. Regardless of the number of entries taken within that trade idea, the aggregate risk at any point must not exceed 2%. Any breach of this limit will constitute a violation of the trading rules.

Example: If the Funded Trader enters a position with 1% risk and subsequently adds to that position (whether in the same or opposite direction), the combined risk of all entries must not exceed 2% in total.

3.8.1.3. If the Funded Trader violates this rule twice, then they will be disqualified from the Classic Funded Trader Program.

3.8.2. Portfolio Asset Manager Phases. This rule applies the same as the above.

3.9. The Leverage

3.9.1. Leverage is 1:10 (Assessment and Portfolio Asset Manager Phases)

3.9.2. The trader must stay above 150% Margin Level in order to avoid closure of a trade. Please refer to the Gambling Behaviour Section in Appendix 1

3.9.3. While FFX Fund offers leverage of up to 1:10, traders are required to manage positions such that the Margin Level does not fall below 150% at any point. Use of maximum available leverage does not exempt the trader from this requirement.

3.10. The Assessment Time Limit

3.10.1. Assessment Phase

3.10.1.1. The funded trader is allowed to go through the assessment phase for up to 1 year to accommodate their trading strategies, especially the long-term ones.

3.10.1.2. The assessment phase start date will be from the day of issuing the assessment funded account.

3.10.1.3. If the 1 year has passed, and the funded trader has not reached the profit target $ yet, FFX Global will terminate the funded account, and the funded trader will be disqualified.

3.10.2. Portfolio Asset Manager

3.10.2.1. There is no Max Time Limit for the Portfolio Asset Manager Phase. 

3.10.2.2. The funded trader is allowed to have 30 days of no trading activity. If the funded trader wishes to stop trading for a period longer than 30 days, then the funded trader must send an email notifying FFX Global about taking a break.

3.10.2.3. The funded trader is free to achieve the profit targets $ at their own speed.

3.11. The Minimum Active Trading Days

3.11.1. Assessment Phase

3.11.1.1. To meet this requirement, the funded trader needs to have at least 30 Active Trading Days throughout the assessment.

3.11.1.2. FFX Global defines a trading day by the day the funded trader opens a new trade on a new day. For example, if the funded trader opens EURUSD trade on Monday, and closes the same trade on Tuesday, this counts as 1 trading day. The active trading day that counts is the day that EURUSD was opened and not the full duration of the trade.

3.11.1.3. The minimum active trading days are NOT calendar days.

3.11.2. Portfolio Asset Manager Phase. There is no minimum trading days requirement for the Portfolio Asset Managers to move to next levels.

4. LIST OF SECURITIES PERMITTED TO TRADE (ASSESSMENT AND PORTFOLIO ASSET MANAGERS)

4.1.1. During the assessment and Portfolio asset manager stage, the funded trader is allowed to trade any of the 28 currency pairs specified below:

4.1.2. Foreign Exchange (FX) Pairs: AUDCAD, AUDJPY, AUDNZD, AUDCHF, AUDUSD, CADJPY, CADCHF, CHFJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, EURCHF, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPNZD, GBPCHF, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDJPY, USDCHF.

4.1.3. Indices: US30, USDTEC, US500, UK100, DE40, AUS200, F40, JP225, STOXX50, CHC50, ES35, N25, SWI20, RUS2000.

4.1.4. Commodities: XAG/USD, XAU/USD, XTI/USD.

4.1.5. Cryptocurrencies: ADAUSD, BTCUSD, ETHUSD, LTCUSD, SOLUSD, XRPUSD.

4.2. Holding Trades Rules

4.2.1. For both Assessment & Portfolio Asset Manager Phases:

4.2.1.1. Holding trades overnight is allowed.

4.2.1.2. Holding trades over the weekend is allowed.

4.2.1.3. High Frequency Scalping is not allowed.

5. RULES & GUIDELINES SUMMARY

6. THE FUNDED TRADER PROGRAM RESTRAINTS

6.1. We prohibit the following:

6.1.1. trading the FTP in coordination with other active traders.

6.1.2. using the name of another trader on 1 or more accounts.

6.1.3. duplicating trades and orders by using a copy trading service. However, the funded trader can copy from his/her other personal accounts into our account.

6.2. If the funded trader has more than one account with us, the funded trader cannot hedge among accounts. Each account will be treated individually.

6.3. We will allow the trader to open as many Assessments as possible; however, we prohibit the trader having more than 1 Portfolio Asset Manager Account.

7. THE TERMINATION OF THE FUNDED TRADER PROGRAM

7.1. The termination of the FTP can occur due to the traders inability to adhere to the risk policies for both the Assessment and/or the Portfolio Asset Manager phases.

7.2. The termination of the FTP may occur for any of the below reasons:

7.2.1. Reaching the maximum loss value $.

7.2.2. Frequent violation of any of the Risk Management Policy Guidelines.

7.2.3. The expiration of the Assessment of the assessment account.

7.2.4. The misuse or abuse of the program.

7.2.5. The use of the FTP for any other purpose than the authenticity of the individual trading.

7.2.6. High Frequency Trading & Ultra-Fast Scalping

7.2.7. Group trading (Manually or using the same EA by one individual on Multiple accounts, and/or by Multiple Individuals on Multiple Accounts) Profit Target 7% 10% Account Growth X4 when passing At each 10% profit target (refer to Appendix I) Profit Share % 50% 60% Withdrawals Once Assessment has been passed Monthly (Once per month) Upon request. Allowed Tradable Assets Forex, Gold & Indices Forex, Gold & Indices

7.2.8. Social Trading, Copy Trading, and any mirrored trading activity.

7.3. Exploit Price Inefficiencies / Price Feed Errors – Using any strategy or EA designed to take advantage of temporary pricing or execution anomalies is not allowed. This includes, but is not limited to: scalping during rollover (around 00:00 server time), gap or news bots that rapidly open and close trades immediately before, during, or after major news releases or large price gaps, arbitrage based on price delays or discrepancies between brokers/platforms, and trading on obvious price feed errors, delayed charts, or platform bugs. High‑frequency trading (HFT), tick‑scalping, and emulator‑type approaches where the majority of positions are opened and closed within a few minutes or less also fall under this restriction.

7.4. Group Hedging / Hedging / Group Trading / Copy Trading- Coordinated activity between two or more traders/accounts to take matching or offsetting positions on the same instrument is prohibited, whether within FFX Global LTD or across other prop firms. This includes using multiple accounts to place opposite trades on the same or closely correlated symbols at the same time, as well as using signal services or copy‑trading tools to systematically mirror another trader’s positions. Any form of organised group trading or coordinated execution with others is not permitted.

7.5. One‑directional “set and hope” trades – Placing trades only in a single direction without genuine market analysis or regard for market conditions is not allowed. Leaving positions unmanaged and simply hoping price will eventually reach a profit target, without active trade management, is also considered prohibited behaviour.

7.6. Using EAs 3rd-Party EAs – It is not allowed to use third‑party Expert Advisors where the trader does not own or control the underlying source code. Trade management tools and calculation utilities may be used, provided they are not used to bypass these rules.

7.7. Bracketing Strategies – Placing simultaneous Buy‑Stop and Sell‑Stop orders above and below current price with the intention that one side triggers while the other is immediately cancelled or quickly closed is classified as a bracketing strategy and is not permitted.

7.8. Martingale Trading Style –  Martingale‑style approaches, where additional positions are added to a losing trade as price moves against the original entry and all positions are then closed when price returns to the initial entry level, are prohibited. Adding or layering into positions is only acceptable when it is done in line with a clear directional bias and sound risk management, not as a recovery or averaging‑down scheme.

7.9. Grid Trading – Grid strategies, where multiple buy and sell orders are placed at predefined intervals above and below current price to create a “grid” of orders, are not allowed.

If any of the above prohibited behaviours are identified, the firm may first attempt to contact the trader, provide guidance, and allow the situation to be corrected. Persistent or serious misuse can lead to loss of a funded account, permanent exclusion from our programs, and/or refusal of any future access.

7.10. Use of VPNs/VPS is permitted and IP addresses may change (including when traveling or switching devices) without automatic penalties, but activity is monitored for suspicious patterns; trading is allowed while traveling provided you notify us, and you may use up to two devices (one computer and one mobile) unless you obtain prior written approval to trade from more than two devices. Please email [email protected]

7.11. At all times, we have the right to terminate the assessment as we see fit to our funding requirements and willingness to risk our TPV’s own capital on the trader at its own discretion. In such rare cases, where we decide to terminate the assessment for reason other than that presented above, we will issue a full refund of the sign-up fee to the assessment trader.

8. THE TERMINATION NOTICE

8.1. At the event of a termination, the following measures will take effect:

8.1.1.We will send an official notice of termination will to the funded trader.

8.1.2.We will disable the trading permission in funded account.

8.1.3.We will freeze access for the funded account and platforms provided to the funded trader.

8.1.4.We will send a full detailed trading report to the funded trader by email upon request.

8.2. If the funded trader is in net profit $, we will calculate the total net profits $ made on the funded account and pays the funded trader the specified portion during the same calendar month.

9. APPLYING AGAIN AFTER TERMINATION The trader can sign up again for the our FTP regardless of the number of past terminations, as long as the trader complies with the policies upon the most recent application. Nevertheless, we have the right to refuse to re-sign up at its discretion.

10. COMMUNICATIONS

10.1. Email is the official medium of communication between the funded trader and us.

10.2. We will communicate with the funded trader in real-time and to the best of its abilities to provide fast and reliable service to its clients.

10.3. The funded traders must provide a valid email while enrolled in the FTP to allow real-time communications with our staff.

10.4. We have the right to either freeze or terminate the funded account had the funded trader failed to respond to the company’s emails.

10.5. The funded trader must notify us of any changes in the trader’s email address.

11. MISUNDERSTANDING AND ERRORS

11.1. Subject to the terms of this Contract, neither party shall be prejudiced in any way by inadvertent errors or omissions made by such party, providing such errors and omissions are corrected promptly following discovery thereof.

11.2. Upon the discovery of an inadvertent error or omission by either party hereto, appropriate adjustments shall be made as soon as possibly practicable to restore both parties to the fullest extent possible and to the position they would have been in, had no such inadvertent error or omission occurred.

11.3. We reserves our right to change these Terms, upon notifications via an official email address given from the trader. The trader will be committed to the changes or will officially be asked to resign from the program.

12. TRADING DURING UNEXPECTED EVENTS

12.1. By signing up to the Assessment Phase of the FTP, you hereby confirm and fully understand that your trading performance may also be affected by various conditions, as set out below.

12.2. Flexible Spreads. Different market conditions and liquidity can cause spreads to vary accordingly. At high volatility events, such as during high impact economic releases, the spreads can widen. However, the spreads we use are very competitive, and it is usually 0.3 pips for EURUSD on average.

12.3. Stop/Limit Pending Orders. Our TPV does not guarantee the execution of the limit and stop orders at the best price during abnormal, unexpected high impact events, or very volatile periods. However, the limit and stop orders will be executed at the next best available prices in the order books. Ordering at specifically requested price is not guaranteed for limit or stop orders during abnormal and volatile periods – the price will be filled at the next best price according to the exchange order book.

12.4. Market Gaps. Sometimes, during very illiquid periods, the markets can gap significantly. Any orders placed at prices with no quotes will be filled at the next available price. This may result in opening the trade at a less favourable price.

12.5. Slippage. Slippage can occur at any time but is mostly relevant during periods of high volatility when market orders are executed. This can also occur when a large market order is executed but there isn’t enough volume at the chosen price to execute the trade at the current market price. Slippage can occur when there is a delay between the trade being ordered and when it’s completed. Therefore, we do not guarantee paying profit when slippages occur on our TPVs corporate trading account.

12.6. High Impact News. You must not enter the trade at the exact time of High Impact News because it causes high slippage with our TPVs LP. Therefore, during High Impact News Release (In Red) you must enter the trade at least 3 minutes before or 3 minutes after the High Impact News Release.

12.7. Overnight Rollover Spreads Conditions. At the end of each day, between 10.00pm and 12.00am (GMT), the banks move vast amounts of orders from the current day to the following day. This may cause spreads to be significantly increased. Therefore, it is advisable to widen stop losses during these times to avoid unwanted execution of nearby orders due to technicalities.

12.8. The Trading Commission & Spreads

12.8.1. Our TPV charges a fixed commission at $5 per round lot traded for Majors, Minors and Metals and $ 0.5 per round lot for Indices.

12.8.2. Considering both fees (Spread & Commission), the overall cost of 1 lot would be around one pip spread.

On behalf of the FFX Global LTD (The Company)

________________________________________

Signed By

Mark Hutchinson

Director

Date: 30th April 2026

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Appendix I