Terms of Service

1. Preamble & Acceptance of Terms

By registering an account, purchasing an evaluation package, accessing the proprietary trading terminal, or participating in the funded trader program provided by FundedDesk Technologies Private Limited ("FundedDesk", "Company", "we", "us"), you ("Trader", "User", "you") irrevocably agree to be bound by these Terms of Service ("Terms") and our Rulebook.

If you do not agree to every provision contained herein, do not access our website, terminal, or purchase any evaluation products.

2. Nature of the Evaluation & Simulated Environment

FundedDesk operates a skill-assessment framework for derivative traders. When you purchase an evaluation:

• You are purchasing access to proprietary educational simulation software, market data telemetry, and risk evaluation algorithms.
• The account balance allocated to you (e.g. ₹2,00,000 up to ₹1,00,00,000) consists exclusively of virtual, simulated credits.
• No funds deposited with FundedDesk are placed into live trading accounts on Indian stock exchanges (NSE/BSE).
• Traders who pass evaluations and enter the "Funded Stage" trade simulated capital under an independent contractor agreement and are rewarded with performance fees based on verified trading profits.

3. Trader Eligibility & Security

Participation is strictly limited to individuals who are at least 18 years of age and legally competent to enter into contracts under the Indian Contract Act, 1872.

• One Person, One Identity: You may operate multiple evaluation accounts up to the firm-wide maximum active allocation limit of ₹1.5 Crore. However, all accounts must belong to one verified individual.
• Strict Prohibition on Account Sharing: You must not share, sell, rent, or transfer your account credentials or pass trading signals to third-party bot operators or account management services. Breaches of this clause result in immediate, permanent forfeiture of accounts and accrued payouts without refund.

4. Evaluation Phases & Pass Criteria

FundedDesk offers 3 primary evaluation and capital funding models:

• 2-Step Evaluation: Phase 1 Profit Target is 10%; Phase 2 Profit Target is 8%. Unlimited trading duration. Trailing Daily Loss limit is 4%; Trailing Max Loss limit is 8%. Minimum 5 profitable trading days (≥0.1% net profit each) required per phase.
• 1-Step Evaluation: Single Phase with a 10% Profit Target. Trailing Daily Loss limit is 3%; Trailing Max Loss limit is 6%. Unlimited trading duration. Minimum 5 profitable trading days (≥0.1% net profit each).
• Instant Funding: Direct funded stage with zero evaluation profit target. Trailing Daily Loss limit is 3%; Trailing Max Loss limit is 5%. Total floating unrealized loss must not exceed 1% of starting balance at any point. Stop Loss attached to every trade within 60 seconds is mandatory (max 2 soft violations).
• Weekend Trading Prohibition: Holding trades across the weekend is strictly prohibited. All open positions must be closed prior to Friday 15:35 IST; trading resumes Monday 09:15 IST. Positions held across the cutoff constitute an immediate breach.
• Position Stacking: Maximum 3 open positions per instrument in the same direction. Opening a 4th trade triggers a soft violation; 3 soft violations permanently breach the account.

5. Mathematical Drawdown Rules & Breach Enforcement

Risk parameters are enforced strictly and autonomously by our backend matching engine:

• Trailing Daily Drawdown: Measured from the highest equity reached during the current trading session (including floating unrealized P&L). Breached if daily equity declines by more than 3.0% (One-Step and Instant) or 4.0% (Two-Step) from the daily peak.
• Maximum Trailing Drawdown: Measured from the highest all-time account equity recorded since account creation. Breached if account equity declines by more than 6.0% (One-Step), 8.0% (Two-Step), or 5.0% (Instant) from the highest peak.
• Automated Evidence Snapshot: Any rule breach event automatically freezes the terminal, executes market closure on open orders, and writes a durable audit record to the permanent compliance ledger.

6. Prohibited Trading Practices

The following trading behaviors violate the integrity of the evaluation program and constitute a material breach:

• Latency Arbitrage & Stale Feed Exploitation: Capitalizing on delayed data packets between external feeds and the matching engine. (Automated verification blocks order fills against quotes older than 1.5 seconds).
• Opposite Account Hedging: Opening simultaneous long and short positions across different evaluation accounts on identical instruments (e.g. buying NIFTY CE on Account A and PE on Account B) to guarantee a payout. (Automated IP and device timestamp detection).
• High-Frequency Spam Orders: Submitting dozens of orders per second designed to stress or manipulate the matching queue. (Rate limiter strictly enforces maximum 5 order requests per second).
• Third-Party Signal Copying: Using commercially published mass signals that synchronize hundreds of accounts identically. (Subject to pre-payout execution audit).

7. Payouts, Profit Share & Independent Contractor Status

Upon qualifying for a Funded Account:

• You are classified as an independent performance analyst, not an employee or agent of FundedDesk.
• Profit Split: Two-Step funded traders receive a 90% profit split. One-Step and Instant funded traders receive an 80% profit split.
• Payout Cycle: 7 calendar days starting 7 days after placing your first trade on the funded account, and every 7 calendar days thereafter, requiring at least 5 qualifying profitable trading days in the cycle (≥0.1% profit each for 1-Step/2-Step; 7 profit days at ≥0.25% each for Instant).
• Minimum Withdrawal & Cap: Minimum net profit of 5.0% of initial account baseline required before requesting a payout. Payout is capped at 20.0% of initial baseline per 7-day cycle.
• Profit Consistency Rule: Single best trading day's profit must not exceed 40% (for One-Step and Two-Step) or 15% (for Instant) of total net cycle profit.
• Minimum Trade Duration: All trades on funded accounts must remain open for at least 60 seconds (up to 10 soft violations permitted for 1-Step/2-Step, 7 for Instant).
• Payouts are processed via direct Indian Bank Transfer (IMPS/NEFT) or UPI within 24 hours of verification. Traders are solely responsible for local income tax declarations on performance income.

8. 100% Evaluation Fee Refund Guarantee

We reward consistency. When a trader successfully completes Phase 1 and Phase 2, receives a funded account, and requests their first profit payout, FundedDesk refunds 100% of the initial evaluation fee directly alongside the profit disbursement.

9. Inactivity and Account Dormancy

If an evaluation or funded account has zero trading activity (no orders placed or closed) for 21 consecutive calendar days without prior written notification to our support desk, the account will be automatically classified as dormant and permanently disabled in accordance with Section 3.1 of our Rulebook.

10. Intellectual Property Rights

All software, algorithms, user interfaces, branding, graphics, 3D animations, documentation, and trading terminal infrastructure are the exclusive intellectual property of FundedDesk Technologies Pvt. Ltd. You may not decompile, reverse-engineer, mirror, or extract proprietary code from our web platform.

11. Limitation of Liability

To the maximum extent permitted under applicable law, FundedDesk and its directors, officers, employees, or technical partners shall not be held liable for any indirect, incidental, punitive, or consequential damages resulting from platform downtime, exchange feed latency, scheduled maintenance, or user hardware failures.

12. Governing Law & Exclusive Jurisdiction

These Terms shall be governed, construed, and interpreted in accordance with the substantive laws of the Republic of India.

Any disputes, claims, or controversies arising out of or relating to these Terms or the evaluation program shall be subject to the exclusive jurisdiction of the competent civil courts located in Mumbai, Maharashtra, India.