This Agreement (hereinafter referred to as the “Agreement”) is entered into between:
XFine Ltd, registered in Saint Lucia under registration number 2024-00596 and in the relevant register managed by the Financial Services Regulatory Authority (FSRA), and [Trader’s Name], a natural person, hereinafter referred to as the “Trader.”
1.1. The Company provides the Trader with the opportunity to pass qualification tests (evaluation phases: XFINE Challenge and XFINE Trial) and, upon successful completion, enters into a contract for services in international form (hereinafter referred to as the “Service Agreement”), under which the Trader is granted access to a funded trading account to conduct operations on the financial markets (including, but not limited to, CFDs on currency pairs, stocks, indices, commodities, and cryptocurrencies) after successfully passing the evaluation stages (XFINE Challenge and XFINE Trial).
1.2. The Trader agrees to trade in accordance with the Company’s risk management rules and to share the profits as specified in this Agreement.
2.1. To gain access to the funded account, the Trader must successfully complete the evaluation process:
2.2. Upon successful completion of the evaluation stages, the Company provides the Trader with a funded account with a capital of $2,000, $5,000, $10,000, $25,000, $50,000, $100,000, or $200,000, depending on the selected program, through the conclusion of the Service Agreement.
2.4. The Trader agrees to comply with the following risk management restrictions on the funded account:
2.4.1. The maximum daily drawdown as specified in the Service Agreement.
2.4.2. The maximum overall drawdown as specified in the Service Agreement.
2.4.3. A ban on using strategies that violate the Company’s rules, including but not limited to:
(a) Use of trading strategies that exploit service errors, such as price display errors or update delays;(b) Trading using external or delayed data feeds;
(c) Executing trades with the purpose of trade manipulation, such as opening simultaneous opposite positions;
(d) Executing trades contrary to the terms of the Provider and the trading platform;
(e) Use of software, artificial intelligence, ultra-high-speed or mass data input that may manipulate or give unfair advantage in using the Provider’s systems or services;
(f) Trading using market gaps by opening trades before or immediately after significant global news or events affecting the financial markets;
(g) Other actions contrary to the principles of fair trading on the financial markets.
2.4.4. Account profitability must not be less than the Minimum Monthly Return from the initial balance, as specified in the Service Agreement.
2.5. Target Profit Achievement and Agreement Termination Conditions
2.5.1. Definition of Target Profit.
The Target Profit is defined within the Service Agreement as a percentage of the Initial Balance of the Funded Account provided to the Trader by the Company under this Agreement.
2.5.2. Consequences of achieving the Target Profit.
Upon reaching the Target Profit, the following provisions apply:
a) The Target Profit becomes the new limit for the maximum permissible drawdown. If the Equity of the Funded Account at any time falls below the Initial Balance increased by the Target Profit amount, the Company reserves the right to immediately terminate this Agreement without prior notice, and the Trader loses further access to the Funded Account.
b) The Trader has the right to request the full amount of the Target Profit to be withdrawn. In this case, the Company pays the corresponding amount, after which this Agreement is deemed terminated at the initiative of the Trader. Further use of the Funded Account is not allowed.
c) Any profit earned in excess of the Target Profit may be withdrawn by the Trader in accordance with the profit distribution terms provided in this Agreement and/or the Company’s policies in effect at the time of payment.
3.1. Profit generated on the funded account is distributed between the Company and the Trader in the ratio specified in the Service Agreement.
3.2. Profit payouts are made monthly, no later than the 15th of the following month, provided that the Trader has fulfilled all conditions of the Agreement.
3.3. The Company has the right to withhold part of the profit to cover operational costs or in the event of violations of risk management rules.
3.4. In the event that the Trader achieves the fixed Target Profit return on the account, the corresponding amount is fixed and becomes a Guaranteed Collateral.
4.1. Company’s obligations:
Provide the Trader with access to the trading platform selected by them.
Pay the profit share in accordance with the terms of the Agreement.
4.2. Trader’s obligations:
Comply with risk management rules and trading restrictions established by the Company.
Provide accurate information about their trading activity upon request by the Company.
Not to use third-party automated systems or trading robots (Expert Advisors) without prior approval from the Company.
5.1. This Agreement becomes effective upon the provision of a funded account to the Trader and remains in force until terminated by either party.
5.2. The Company has the right to terminate the Agreement in the event of:
Trader’s violation of risk management rules (e.g., exceeding drawdown limits);
Trader’s failure to meet the monthly profit targets;
Discovery of fraudulent activity, including copy trading or use of prohibited strategies contrary to fair trading principles;
Failure to pass the evaluation phases (in case of repeated attempts).
5.3. The Trader has the right to terminate the Agreement by notifying the Company 14 days in advance. In this case, the Trader loses access to the funded account but retains the right to receive the accumulated profit for the previous reporting period.
6.1. The Trader agrees not to disclose any information about trading strategies, software, XFINE Challenge conditions, or other aspects of the Company’s operations to third parties.
7.1. The Company is not liable for losses incurred by the Trader as a result of trading operations.
7.2. The Trader is responsible for complying with all the terms of the Agreement and the Company’s rules.
8.1. All disputes arising in connection with this Agreement shall be resolved through negotiations.
9.1. All amendments and supplements to this Agreement are valid only in written form and must be signed by both parties.
9.2. This Agreement is executed in two counterparts, one for each party, both having equal legal force.
9.3. The Trader confirms that they are familiar with the rules of the XFINE Challenge, Trial, and the funded account terms stated on the Company’s website (www.x-fine.com).
