1.1 These terms and conditions (the “Terms”) govern your access to and use of the website located at www.likefunded.com (the “Website”), the customer dashboard, the trading platforms we make available, and all evaluation programs, simulated funded accounts, tools, content and related services offered under the “LikeFunded” brand (together, the “Services”).
1.2 The Services are provided by Funded Ltd, a company incorporated in the Emirate of Abu Dhabi, United Arab Emirates, with registered address at [REGISTERED ADDRESS — currently: Street 1, Abu Dhabi, United Arab Emirates] and registration number [REGISTRATION / LICENCE NUMBER] (the “Company”, “we”, “us” or “our”). Payments for the Services may be collected and processed by our affiliate CyprusCo Ltd, a company incorporated in the Republic of Cyprus with registered address at [CYPRUSCO REGISTERED ADDRESS] (the “Payment Processor”), acting as billing and payment collection entity on our behalf. The name of the Payment Processor or its payment service providers may appear on your card or bank statement.
1.3 By creating an account on the Website, purchasing a Program, or otherwise accessing or using the Services, you confirm that you have read, understood and agree to be bound by these Terms, together with our Privacy Policy, Refund Policy, Risk Disclosure and the trading rules and program specifications published on the Website (the “Rules”), each of which is incorporated into these Terms by reference. If you do not agree, you must not use the Services.
1.4 In the event of any conflict between these Terms and the Rules, these Terms prevail unless the Rules expressly state otherwise. Program-specific parameters (such as profit targets, drawdown limits, position rules, minimum payout amounts and platform availability) are set out on the Website and in your dashboard and form part of your agreement with us as at the time of your purchase.
2.1 “Account” means any simulated trading account issued to you under a Program, including Evaluation Accounts and Simulated Funded Accounts, together with your customer dashboard profile.
2.2 “Program” means any product offered on the Website from time to time, currently including the Two-Step Evaluation, the One-Step Evaluation and the Instant Funded program, in the simulated capital sizes displayed on the Website.
2.3 “Evaluation Account” means a simulated account used to assess your trading performance against the objectives of a Program (for example, profit targets and drawdown limits).
2.4 “Simulated Funded Account” means a simulated account provided after successful completion of an Evaluation (or immediately, in the case of the Instant Funded program) on which Rewards may be earned. For the avoidance of doubt, a Simulated Funded Account is a demo account operating with Virtual Funds; the words “funded”, “capital” and similar expressions used on the Website are descriptive of the simulation only.
2.5 “Virtual Funds” means the notional, simulated balance allocated to an Account. Virtual Funds have no monetary value, cannot be deposited, withdrawn or transferred, and do not represent money owed to you.
2.6 “Fee” means the one-time fee payable for a Program, as displayed at checkout, inclusive of any applicable discounts or promotional codes.
2.7 “Reward” means the contractual payment we may make to you under Section 9 by reference to net simulated profits achieved on a Simulated Funded Account in compliance with these Terms and the Rules.
2.8 “Customer”, “you” or “your” means the natural person who registers for and uses the Services.
2.9 “Platforms” means the trading platforms made available for the Services from time to time, currently MetaTrader 5 and the LikeFunded web and mobile trading applications.
3.1 The Services consist of access to simulated trading environments, evaluation programs, market data, analytics, educational content and related support. Every Account is a demo account operating exclusively with Virtual Funds in a simulated environment. No order you place is transmitted to any exchange or liquidity venue as a real transaction on your behalf, and you never acquire any interest in any financial instrument through the Services.
3.2 The Fee is consideration for the provision of the Services described in these Terms. The Fee is not a deposit, an investment, trading capital or client money, is not held on trust for you, and does not entitle you to any return other than as expressly set out in these Terms and the Refund Policy.
3.3 We are not a broker-dealer, investment firm, portfolio manager, financial adviser, exchange, clearing house or custodian. We are not licensed or regulated by the UAE Securities and Commodities Authority, the Central Bank of the UAE, the Cyprus Securities and Exchange Commission, the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, or any other financial services regulator, and the Services are not offered as regulated investment services in any jurisdiction.
3.4 Nothing on the Website or within the Services constitutes investment advice, a personal recommendation, or an offer or solicitation to buy or sell any financial instrument. Any market commentary, educational material or data is provided for general information only.
3.5 Rewards are paid from the Company’s own funds as contractual consideration for successful performance in a simulated environment. Whether and how the Company hedges, replicates or otherwise manages its own commercial exposure (if at all) is a matter for the Company alone, confers no rights on you, and does not make you a client, principal, agent or counterparty in any real-market transaction.
3.6 Nothing in these Terms creates any employment, agency, partnership, joint venture or fiduciary relationship between you and the Company. You participate in the Programs as an independent customer of the Services.
4.1 You may use the Services only if you:
4.2 It is your responsibility to ensure that your use of the Services is lawful in your country of residence. The Services are not directed at any person in any jurisdiction where their provision or use would be contrary to local law or regulation, and we may decline to provide, or discontinue, the Services in any jurisdiction at our discretion.
4.3 Current or former employees, contractors and their immediate family members are not eligible to participate in the Programs without our prior written consent.
5.1 To purchase a Program you must register for a customer account, providing information that is true, accurate, current and complete, and keep it updated. We may refuse registration, or suspend or close a customer account, where information appears false, incomplete or misleading.
5.2 You are responsible for maintaining the confidentiality of your login credentials and for all activity occurring under your Account. You must notify us immediately at support@likefunded.com of any unauthorised use or security breach.
5.3 One identity, your identity. You may register only one customer profile, in your own legal name. You must not: (a) create or use multiple profiles or profiles under false or third-party identities; (b) buy, sell, rent, lend, share or transfer any Account; (c) allow any other person to trade on your Account, or trade on any other person’s Account, whether or not for compensation (including so-called “pass services” or account management arrangements); or (d) use technical means, including VPNs or proxies, to disguise your identity or location in order to circumvent these Terms. You may own multiple Programs and Accounts under your single profile, subject to any limits published on the Website.
6.1 We operate identity verification and anti-money-laundering procedures. You must successfully complete identity verification, at the latest before your first Reward is paid, and whenever we reasonably request. Verification may include providing government-issued identification, proof of address, a liveness check and, where relevant, source-of-funds information, and may be performed through third-party verification providers.
6.2 We may suspend Accounts, withhold Rewards and/or terminate the Services where you fail or refuse verification, where we are unable to satisfy our legal obligations, or where we reasonably suspect fraud, sanctions exposure, money laundering or other financial crime. We may report suspicious activity to competent authorities without notice to you where required by law.
7.1 The Programs, their simulated capital sizes, objectives, trading parameters and Fees are described on the Website. In summary, and subject always to the current specifications on the Website: the Two-Step Evaluation comprises two consecutive simulated phases, each with a profit target and drawdown limits; the One-Step Evaluation comprises a single simulated phase with one profit target and a static drawdown limit; and the Instant Funded program provides a Simulated Funded Account from the outset, subject to tighter risk parameters. Unless otherwise stated on the Website, Programs have no time limit.
7.2 Fees are one-time charges payable in advance at checkout. Prices may be displayed in USD or other currencies; your payment provider may apply conversion rates and charges. You are responsible for any applicable taxes, duties or bank charges other than taxes on our income.
7.3 Payments are processed by the Payment Processor and/or third-party payment service providers, and may be made by the methods displayed at checkout (currently including Visa, Mastercard, Apple Pay and selected cryptocurrencies). We may add, remove or restrict payment methods at any time. Where you pay in cryptocurrency, the amount payable is fixed by reference to the displayed price at checkout; network fees are borne by you.
7.4 Upon confirmed payment we will issue your Account credentials through your dashboard, normally promptly and in any event within a reasonable period. Where advertised for your Program, your Fee will be refunded to you together with your first Reward payout, as described in Section 9.6.
7.5 We may modify Program specifications, pricing and promotions prospectively at any time. Changes do not affect Accounts already purchased, except (a) changes to the Rules reasonably required for the integrity, fairness or lawful operation of the Services, which may apply to existing Accounts upon notice via the Website, dashboard or email; or (b) as set out in Section 23.
8.1 You must comply at all times with the Rules applicable to your Program, including profit targets, daily and overall drawdown limits, position and instrument rules and payout conditions, as published on the Website and your dashboard.
8.2 The Services exist to evaluate and reward genuine, skill-based trading in a simulated environment. You must not engage in, attempt, or assist others to engage in any of the following (“Prohibited Practices”):
8.3 Where we determine, acting reasonably and on the basis of our trading data and records, that a Prohibited Practice or other material breach has occurred, we may take any of the following measures, in proportion to the breach: issue a warning; disqualify affected trades and recalculate results; fail or reset the affected Account; withhold, reduce or cancel Rewards attributable to the breach; suspend or terminate any or all of your Accounts; and/or permanently exclude you from the Services. Our determination of simulated trading results, based on our platform and server records, is final in the absence of manifest error.
9.1 Where you achieve net simulated profits on a Simulated Funded Account in full compliance with these Terms and the Rules, you may request Rewards in accordance with this Section 9 and the payout terms published on the Website.
9.2 Unless otherwise specified for your Program on the Website, your Reward share is 90% of net simulated profits, with the remaining 10% retained by the Company.
9.3 Unless otherwise specified on the Website, Rewards may be requested on a rolling 14-day payout cycle, subject to any minimum payout amount, minimum activity and other conditions published on the Website. Payout requests are reviewed before approval, including for compliance with the Rules; we aim to process approved payouts promptly within the timeframes indicated on the Website.
9.4 Payment of Rewards is conditional upon: (a) your Account and customer profile being in good standing; (b) successful completion of identity verification (Section 6); (c) the absence of any pending review, suspected breach or chargeback; and (d) your provision of accurate payout details. Rewards are paid by the methods offered in your dashboard.
9.5 Simulated losses on an Account reduce Virtual Funds only. You will never owe us money as a result of simulated trading losses; your maximum financial exposure to us is the Fees you choose to pay.
9.6 Fee refund with first payout. Where your Program is advertised as including a fee refund, the Fee actually paid for that Program (net of discounts) will be added to your first approved Reward payout for the relevant Simulated Funded Account. This benefit is part of the Reward structure, is subject to the same conditions as Rewards, and is separate from the Refund Policy described in Section 10.
9.7 You are solely responsible for reporting and paying any taxes, social contributions or other charges arising on Rewards in your jurisdiction. We may withhold amounts where required by applicable law.
9.8 Rewards forfeited or cancelled due to a breach of these Terms or the Rules are not payable, and amounts already paid in respect of trading later determined to involve a Prohibited Practice may be reclaimed by us as a debt.
10.1 30-Day No-Trade Refund. You are entitled to a full refund of the Fee paid for a Program if both of the following conditions are met: (a) your refund request is received by us within thirty (30) calendar days of the date of purchase; and (b) no trade has been executed and no order (including any pending order) has been placed on any Account issued under that Program. Once any trade or order is placed on the Account, or once the 30-day period has expired, the Fee is non-refundable except where required by applicable law.
10.2 Refund requests must be sent to support@likefunded.com from your registered email address, quoting your order reference. Approved refunds are made to the original payment method, normally within fourteen (14) business days of approval. Where you paid in cryptocurrency, the refund is made in the same cryptocurrency in an amount equal to the fiat price paid at checkout, converted at the prevailing rate at the time the refund is processed; network fees may be deducted. Upon refund, the relevant Account and credentials are cancelled.
10.3 Fees are otherwise non-refundable. Without limitation, no refund is due where an Evaluation is failed, where an Account is closed for breach of these Terms or the Rules, for free or promotional accounts and competition prizes, or in respect of the fee-refund-with-first-payout benefit (which is governed by Section 9.6). Nothing in these Terms limits any non-waivable statutory rights you may have as a consumer in your jurisdiction; our full Refund Policy, published on the Website, forms part of these Terms.
10.4 Chargebacks. You agree to contact us to resolve any billing issue before initiating a chargeback or payment dispute. Initiating an unjustified chargeback is a material breach of these Terms, and we may in that case suspend or terminate all of your Accounts, cancel pending Rewards, exclude you from the Services, dispute the chargeback with the evidence we hold, and recover reasonable costs incurred.
11.1 The Services are not available to persons located, resident or incorporated in, or accessing the Services from: (a) any country or territory subject to comprehensive sanctions or embargoes administered by the United Nations, the United States (including OFAC), the European Union, the United Kingdom or the United Arab Emirates — including, as at the date of these Terms, Iran, North Korea, Syria, Cuba, and the Crimea, Donetsk and Luhansk regions of Ukraine; (b) any other jurisdiction we designate on the Website from time to time; or (c) any person named on applicable sanctions or restricted-party lists (together, “Restricted Jurisdictions”).
11.2 We may use geolocation, payment and verification data to enforce these restrictions, and may suspend or terminate Accounts, cancel Rewards and retain Fees where the Services were obtained from or through a Restricted Jurisdiction or by circumventing our controls, to the extent permitted by law. The list of Restricted Jurisdictions may change at any time to reflect legal developments.
12.1 The Services are delivered through the Platforms, currently MetaTrader 5 (a product of its third-party licensor) and the LikeFunded web and mobile trading applications. Platform availability may vary by Program and may change; we may add, replace, upgrade or discontinue any Platform, and migrate Accounts to an alternative platform of substantially equivalent functionality, upon notice where practicable.
12.2 Use of third-party platforms and services may be subject to the relevant third party’s terms and privacy policies, which you must comply with. We are not responsible for third-party products, outages or errors, although we will use reasonable efforts to restore Service availability.
12.3 All prices, quotes, spreads, execution and data within the Services are simulated and provided for the purposes of the Programs only. They may differ from prices and conditions available in live markets and must not be relied upon for any real trading decision.
13.1 We may from time to time offer discounts, promotional codes, free challenges (such as “Free Challenge Fridays”), leaderboards, giveaways and competitions. Each promotion is subject to the specific rules published for it, which apply in addition to these Terms; where no specific rules are published, this Section 13 applies.
13.2 Unless stated otherwise: promotions are limited to one entry or use per person; prizes (including free or discounted Accounts) have no cash value, are non-transferable and carry no refund entitlement; and we may amend, suspend or withdraw any promotion at any time with prospective effect. We may disqualify any participant who breaches these Terms, the promotion rules, or the spirit of fair participation (including multi-accounting and entry manipulation).
13.3 Promotions are void where prohibited by law. It is your responsibility to ensure participation is lawful in your jurisdiction.
14.1 Participation in our affiliate or creator program (including personalised discount codes and revenue share) is subject to a separate agreement or to the affiliate terms published on the Website, which govern in respect of that participation. We may approve, decline or terminate affiliate participation at our discretion, including for misleading promotion of the Services.
14.2 Affiliates and creators must describe the Services accurately, including that all trading is simulated, must not make earnings guarantees, and must comply with advertising disclosure laws applicable to them.
15.1 The Website, dashboard, Platforms interfaces, Program structures, Rules, data, text, graphics, logos and the “LikeFunded” name and marks are owned by or licensed to the Company and are protected by intellectual property laws. We grant you a limited, personal, non-exclusive, non-transferable, revocable licence to use the Services for their intended purpose during the term of your Account.
15.2 You must not copy, scrape, reverse engineer, resell, frame or create derivative works from the Services or any part of them, or use any of our marks, except as permitted by law or with our prior written consent. Any feedback you provide may be used by us without restriction or compensation.
16.1 We process personal data in accordance with our Privacy Policy, available on the Website, which explains what we collect, why, who we share it with (including the Payment Processor and identity-verification and payment providers) and your rights. By using the Services you acknowledge that processing as described in the Privacy Policy will occur.
17.1 The Services are provided on an “as is” and “as available” basis. To the maximum extent permitted by law, we disclaim all warranties, express or implied, including fitness for a particular purpose, accuracy of simulated data, and uninterrupted or error-free operation. We do not warrant that you will pass any Evaluation, receive any Reward, or achieve any particular result.
17.2 Simulated results have inherent limitations and are not indicative of future performance, whether simulated or real. Nothing in the Services is a substitute for independent professional advice.
18.1 Nothing in these Terms excludes or limits liability that cannot be excluded or limited under applicable law, including liability for fraud or for death or personal injury caused by negligence.
18.2 Subject to Section 18.1, we (including our directors, employees, affiliates and the Payment Processor) shall not be liable for: (a) any indirect, incidental, special, consequential, punitive or exemplary loss; (b) loss of profits, revenue, opportunity, goodwill or data; (c) losses arising from simulated trading outcomes, Platform or data errors, interruptions, or third-party services; or (d) losses arising from your breach of these Terms or of applicable law.
18.3 Subject to Section 18.1, our total aggregate liability to you arising out of or in connection with the Services shall not exceed the greater of (a) the total Fees you paid to us in the twelve (12) months preceding the event giving rise to the claim, and (b) USD 100.
19.1 You agree to indemnify and hold harmless the Company, its affiliates (including the Payment Processor) and their officers, employees and agents from and against any claims, liabilities, damages, losses and reasonable costs (including legal fees) arising out of or related to your breach of these Terms, your violation of applicable law, or your misuse of the Services.
20.1 You may close your customer account at any time via your dashboard or by contacting support@likefunded.com. Closure does not entitle you to any refund except as provided in the Refund Policy.
20.2 We may suspend or restrict the Services, or terminate any Account or these Terms, with immediate effect where: (a) you materially breach these Terms or the Rules (including Prohibited Practices); (b) we are required to do so by law, sanctions, or a competent authority; (c) verification cannot be completed; (d) we reasonably suspect fraud or financial crime; or (e) we discontinue the Services or a Program, in which case we will where lawful give reasonable notice and refund Fees for Programs purchased but not yet commenced (meaning no trade or order placed).
20.3 Upon termination, your licence to use the Services ends, Accounts are deactivated, and accrued rights and obligations (including under Sections 8.3, 9.8, 10, 15, 18, 19 and 22) survive.
21.1 If you are dissatisfied with the Services, please contact support@likefunded.com, or legal@likefunded.com for formal complaints, providing your account email, order reference and a description of the issue. We aim to acknowledge complaints promptly and to respond substantively within a reasonable period. The parties will attempt in good faith to resolve any dispute amicably before commencing proceedings.
22.1 These Terms, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with them or the Services, are governed by the federal laws of the United Arab Emirates as applied in the Emirate of Abu Dhabi.
22.2 Subject to Section 21, the courts of the Emirate of Abu Dhabi shall have exclusive jurisdiction to settle any such dispute or claim. Nothing in this Section deprives you of the protection of mandatory consumer protection provisions of the law of your country of habitual residence, where such provisions apply to you by law and cannot be derogated from by agreement.
23.1 We may amend these Terms from time to time, including to reflect changes in the Services, our business, or applicable law. The current version, with its “Last Updated” date, will always be available on the Website. For material changes we will give notice via the Website, your dashboard or email. Changes apply prospectively; your continued use of the Services after the effective date constitutes acceptance. If you do not agree to a material change, you may close your account, and Section 10.1 (where its conditions are met) or Section 20.2(e) may apply.
24.1 Entire agreement. These Terms, together with the documents incorporated by reference, constitute the entire agreement between you and us regarding the Services and supersede all prior understandings.
24.2 Assignment. You may not assign or transfer your rights or obligations under these Terms. We may assign these Terms, in whole or in part, to an affiliate (including CyprusCo Ltd) or in connection with a merger, acquisition or asset sale, provided the assignee assumes our obligations.
24.3 Severability; waiver. If any provision of these Terms is held invalid or unenforceable, the remainder continues in full force, and the provision will be enforced to the maximum extent permissible. A failure to enforce any provision is not a waiver of it.
24.4 Force majeure. We are not liable for delay or failure to perform caused by events beyond our reasonable control, including acts of God, war, terrorism, sanctions, internet or utility failures, third-party platform outages, and acts of authorities.
24.5 Language. These Terms are drafted in English. Any translation is for convenience only; the English version prevails.
24.6 Notices. We may give notices via the Website, your dashboard, or the email address on your customer profile; such notices are deemed received when posted or sent.
Funded Ltd (trading as “LikeFunded”), [REGISTERED ADDRESS — currently: Street 1, Abu Dhabi, United Arab Emirates]. Support: support@likefunded.com. Legal: legal@likefunded.com. Privacy: privacy@likefunded.com.