Fewpips CFD Challenge Terms

These Fewpips Evaluation Terms (the “Challenge Terms”) govern your participation in the trading simulations offered by Fewpips, (Business Registration No. 203341234), with its registered office at La Place Creole Building, Rodney Bay, Gros Islet, St. Lucia.

By purchasing an Evaluation, you (the “Client” or “Counterparty”) agree to be legally bound by these Terms. Participation is prohibited if these Terms are not accepted in their entirety.

SECTION 1: EVALUATION ARCHITECTURE

1.1 Challenge Models

Fewpips provides three primary assessment structures: Fewpips 1-Step, Fewpips 2-Step, and Fewpips 3-Step.

1.2 Operational Trading Guidelines

Adherence to these metrics is mandatory. Failure to comply results in immediate account forfeiture.

1.3 Activity & Maintenance

To ensure platform stability, accounts must remain active. Seven (7) consecutive days of zero trading activity will result in the account being marked as Inactive and deactivated. A single executed trade within the 7-day window resets this timer.

1.4 Technical & Strategy Restrictions

• Exploitation: Utilising system flaws or data-feed latencies is strictly prohibited.
• Hedging: Cross-account hedging (within Fewpips or across different firms) to manipulate risk is forbidden.
• Add-ons: Any custom "Add-ons" selected at checkout modify these standard guidelines and take precedence.
• Expert Advisors (EAs): Must be pre-vetted. You must be able to prove the strategy is yours or significantly unique. EA’s and Bots are not permitted on Future Based CFDs.

SECTION 2: PROHIBITED TRADING METHODOLOGIES

The Client is strictly prohibited from employing the following toxic strategies, which undermine the integrity of the professional evaluation:

• Latency & Arbitrage: Exploiting price delays, slow data feeds, or gap trading.
• Group Coordination: Group Trading or manipulating outcomes via connected accounts.
• HFT & System Abuse: High-frequency trading or ultra-high-speed software designed to exploit the simulated environment.
• Unprofessional Conduct: Tick Scalping, extreme Martingale, or aggressive Grid trading.
• Copy Trading: Mimicking other traders or utilising third-party account management services.
• Gambling Behavior: Excessive risk-taking or utilising over 70% of available margin on a single setup is categorised as gambling and is grounds for termination.
• Lot Size Consistency: To maintain the integrity of the evaluation, trading volume must remain consistent with the Client’s established trading profile. For example, if a Client primarily executes trades at a volume of 0.50 lots, the use of significantly smaller positions (e.g., 0.01 lots) to bypass minimum trading day requirements or consistency metrics is prohibited. Such trades may be invalidated during the Post-Trade Audit at the discretion of the auditor.

SECTION 3: COUNTERPARTY VERIFICATION (KYC)

3.1 Objectives

Our Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) protocols are designed to mitigate money laundering risks and ensure compliance with global sanctions.

3.2 The Manual Verification Model

Fewpips utilises a human-to-human verification system.

• Timeline: Verification is triggered after successful completion of all challenge phases and prior to the first reward disbursement (for Crypto users). For Debit/Credit card users, KYC must be completed before the initial purchase.
• Required Documentation: Government-issued photo ID (Passport or National ID) and, where requested, Proof of Address (Utility Bill).
• Expiry: Expired documents result in immediate rejection.
• Internal Handling: All data is processed internally by authorised Fewpips compliance personnel; no data is sold to external marketing aggregators.

SECTION 4: REFUND & TERMINATION POLICY

4.1 Service Activation

Execution of the first trade constitutes a formal request for immediate service performance. At this moment, the Client waives the right to a refund under standard consumer withdrawal laws.

4.2 Refund Eligibility

• Unactivated Accounts: A refund may be requested within 7 days of purchase provided no trades have been placed.
• Breach Termination: Accounts closed due to rule violations (Drawdown or Prohibited Practices) are not eligible for any refund.
• Non-Activation: Accounts not activated within 30 days of purchase will be archived.

SECTION 5: DISPUTE & CHARGEBACK MANAGEMENT

5.1 Fraudulent Disputes

Raising a False Dispute (claiming services weren't rendered when they were) will result in a permanent ban.

5.2 Resolution Protocol

If a dispute is raised, the associated account is immediately paused. To reactivate an account, the Client must:

1. Withdraw the dispute with their financial institution.
2. Provide Fewpips with official proof of withdrawal.
3. Allow up to 45 to 60 business days for risk management to verify the documents and reactivate the credentials.

SECTION 6: FEES AND CHARGES

6.1. Commission Structure

All trades executed on the MT5 platform are subject to a per-trade commission charged upon both the opening and closing of each position:

1. Forex: $3 per standard lot (one side) — $6 total per standard lot round trip
2. Indices: $3 per standard lot (one side) — $6 total per standard lot round trip
3. Commodities/Metals: $3 per standard lot (one side) — $6 total per standard lot round trip
4. Crypto: 0.04% of the opening price per lot

Commissions are charged on a per-side basis and apply equally across all account sizes and challenge types (1-Step, 2-Step, and 3-Step).

SECTION 7: FINAL LEGAL PROVISIONS

• Neutral Interpretation Any linguistic ambiguity shall be resolved neutrally and not automatically against Fewpips as the drafting party.
• Governing Law This Agreement is governed by the laws of St. Lucia.
• Local Compliance The Client is solely responsible for ensuring their participation does not violate the local laws of their residence.
• Modifications Fewpips reserves the right to adjust these metrics and terms at its discretion. Continued use of the platform following notification constitutes acceptance of updated terms.