Fewpips Instant Account Terms

These Fewpips Instant Account Terms (the “Instant 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 Instant Account, 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

Fewpips provides 1 Instant Account.

1.1 Operational Trading Guidelines

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

Minimum trading days:
You must trade for the required days before requesting a withdrawal.

1.2 The 40% Consistency Rule

To ensure professional risk management and prevent gambling on single high-impact events, the 40% Consistency Rule applies to all Funded Accounts.

• The Rule: No single trading day’s profit can exceed 40% of the total profit generated during a withdrawal cycle.
• The Enforcement: If a trader violates this rule, Fewpips reserves the right to:
  1. Deduct the inconsistent profits and reset the account; OR
  2. Invalidate the payout request for that cycle.

1.3 Activity & Maintenance

Funded accounts must remain active. Fourteen (14) 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.
• Single Trade Idea: should not exceed 2% of the account size (initial balance). Splitting up a trade into multiple positions will be counted as one single trade for this rule. If a new position is opened within 10 minutes of closing a position, in the same direction, it will also be considered as a single trade idea for this rule.
• Stop Loss & Take Profit’s: SL and TP's must be used on funded accounts.

SECTION 3: REWARD DISBURSEMENT & 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.

3.3 Payout Eligibility

Payouts are subject to a Post-Trade Audit. The Company reserves the right to verify that all trades were executed in accordance with Section 2.

3.4 Withdrawal Fees

All rewards are subject to a processing and administration fee of up to 3% to cover third-party transaction costs.

3.5 Final Verification

If not previously completed, or if a significant change in trading behavior is detected, Fewpips may require a secondary KYC check or a video verification call before a large payout is released.

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: FINANCIAL SPECIFICATIONS.

6.1. The Trading Cycle

• A Trading Cycle represents the performance window required for payout eligibility.

• The cycle begins automatically the moment the Client places their first trade in a new account or following a prior payout.

6.2. Payout Schedule & Eligibility

• Fewpips Instant: Payout follows a recurring fourteen (14) day cycle.

6.3. Cycle Maintenance & Quality Rules

To remain eligible for a Performance Reward, the Client must satisfy the following criteria:

• Active Trading Days: You must be active on at least five separate days during each cycle.
• The 3-Minute Quality Rule: A day is only recorded as "Active" if it contains at least one trade held open for three (3) minutes or longer.
• The 40% Consistency Rule: No single trading day’s profit can exceed 40% of the total profit for that specific cycle.
• Minimum Profit Requirement: Rewards are only eligible if the account balance exceeds the initial starting balance (Net Profit).
• Net Loss Extension: If a cycle ends in a net loss, it is automatically extended until the account returns to profit, provided no loss limits are breached.

6.4. The Scaling Roadmap (Tiered Profit Share)

• Tier 1 (Probation): Default Profit Split is 70% for Instant accounts.
• Tier 2 (Professional): Graduates after three (3) successful verified withdrawals. Increased Splits: 80% for Instant accounts.
• Tier 3 (Final): Graduates after another three (6) successful verified withdrawals. Increased Splits: 90% for Instant accounts.

6.5. Payout Logistics & Limits

• Withdrawal Caps: Minimum request is $50 USD.

Max:

Fewpips Instant Account:

• $3,000: $1,000 Withdrawal Limit Per Cycle
• $5,000: $2,000 Withdrawal Limit Per Cycle
• $10,000: $3,000 Withdrawal Limit Per Cycle
• $25,000: $4,000 Withdrawal Limit Per Cycle
• $50,000: $5,000 Withdrawal Limit Per Cycle

• The Trading Day Rule: Following a successful withdrawal, the User must completely adhere to the trading days outlined in the selected account and size (meeting all consistency and risk rules) to unlock the next withdrawal.
• Active Trade Rule: No open positions are permitted when requesting or processing a payout; doing so cancels the request.
• Audit Timeline: All requests are subject to a 24–48 business hour audit and 24–48 business hour disbursement period.
• Total Lead Time: Receipt of funds is estimated at 5–7 business days.

6.6. Account Refresh Policy

• Credential Retention: Clients now keep their same trading credentials after a payout.
• Balance Reconciliation: Upon confirmation of a withdrawal, the account balance is updated to the new starting equity.
• New Cycle: A new countdown begins automatically with the Client's next executed trade.

6.7. Fees and Charges

• Transaction Fee: All deposits and withdrawals are subject to a 3% processing fee.
• Deposit Handling: A 3% fee is added to the transaction total to ensure the net amount is credited.
• Withdrawal Handling: The 3% fee is automatically deducted from the requested payout amount.
• 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 Instant Account sizes.

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.