1. Who we are
This website and the challenges sold on it are provided by Tradewise Capital Ltd, trading as Tradewise Capital Markets ("Tradewise", "we", "us"), a company registered in Scotland. By buying a challenge or using this website you agree to these terms.
2. What a challenge is
A challenge is a paid evaluation of your trading skill, carried out on a simulated account using virtual funds. No real money is traded on your behalf during the evaluation, and the challenge fee is not a deposit, an investment or a payment into a trading account.
We are not a broker, investment firm or financial adviser and we do not accept client deposits. Nothing on this website is investment advice.
3. Eligibility
- You must be at least 18 years old and legally able to enter into a contract.
- You must provide accurate details and keep your login secure. One person per account.
- We may refuse or cancel a purchase where the law of your country does not allow you to take part, or where we reasonably suspect fraud or misuse.
4. Fees and payment
Each account size has a one-time fee shown on the Challenge page at the time you buy. Challenge fees are charged in US dollars, or in pounds sterling or euros for customers who check out in GBP or EUR. Account sizes are in US dollars. Payment is taken in full at checkout through our payment provider; we do not store your full card details.
5. Challenge rules
The profit targets, daily loss limit, maximum drawdown, minimum trading days, stop loss, weekend, trade stacking, trade duration, trading volume, consistency and other rules for each phase are set out on the Challenge, 1-Step Challenge and FAQ pages and form part of these terms. A 1-Step Challenge has a single phase with a 10% profit target, a 4% daily loss limit and a 6% maximum drawdown. Breaching a hard rule ends the challenge, and a closed account cannot be reset or reopened. We may also end a challenge where we reasonably find prohibited conduct, including account sharing, copying trades between accounts held by different people, exploiting price feed errors or latency, or using someone else to trade for you.
6. Funded accounts and payouts
If you pass both phases of a 2-Step Challenge, or the single phase of a 1-Step Challenge, you may be offered a funded account under a separate trader agreement, subject to identity checks. Profit splits and payout timing are as shown for your account size. Payouts are performance rewards under that agreement and are not a return on any investment you have made.
7. Instant Funding accounts
An Instant Funding account is a simulated account issued straight after payment, with no evaluation phase and no profit target. The daily loss limit, trailing maximum drawdown, consistency, leverage, stop loss, weekend and other rules are set out on the Instant Funding and FAQ pages and form part of these terms. Breaching a hard rule closes the account, and a closed account cannot be reset or reopened.
Your first payout can be requested 14 days after your account is issued, then every 14 days. Each payout needs at least 5 trading days in the cycle and must meet the consistency rule. The profit split is 70% for your first three payouts and 80% after that. Payouts are subject to identity checks, are performance rewards, and are not a return on any investment you have made.
8. Refunds and cancellations
Challenge and Instant Funding fees are non-refundable. When you buy a challenge or an Instant Funding account you ask us to start providing it straight away and agree that you lose your 14-day right to cancel. The limited exceptions are set out in our Refund Policy, which forms part of these terms. If you raise a chargeback or payment dispute, we may close your accounts immediately and ban you from future challenges.
9. Risk
Trading involves risk. Passing a challenge does not mean you will make money, and past performance does not guarantee future results. Please read our Risk Disclosure.
10. Our liability
Nothing in these terms limits liability that cannot be limited by law, including for death or personal injury caused by negligence, or for fraud. Otherwise, our total liability to you in connection with a challenge is limited to the fee you paid for it. We are not responsible for losses caused by events outside our reasonable control, such as outages at third-party trading platforms or data providers.
11. Changes
We may update these terms from time to time. The version in force when you buy a challenge applies to that challenge.
12. Law
These terms are governed by the law of Scotland. If you are a consumer living elsewhere in the UK, you can also bring proceedings in your home part of the UK.
Contact
Tradewise Capital Ltd, trading as Tradewise Capital Markets, 2nd Floor, 48 West George Street, Glasgow, G2 1BP, Scotland, United Kingdom. Email support@tradewisecapitalmarkets.com or use our contact page.