Terms & Conditions

These Terms and Conditions (the “T&C”) govern rights and responsibilities in connection with the use of services provided by HIVE MARKETS LTD for funded accounts trading (the “Services”), offered mainly through the website (the “Website”). Customers are under no obligation to use the Services if the Customer does not agree to or understand any portion of these T&Cs, nor should the Customer use the Services unless the Customer understands and agrees to these Terms.

1. Introduction to Services

1.1 These T&Cs govern Customer (“Customer”) rights and obligations in connection with the use of the Services provided by HIVE MARKETS LTD, with its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.

1.2 By registering on the Website or, where registration is not required, not later than the Customer-first use of the Services. By accepting these Terms & Conditions the Customer expresses his/her agreement to these T&Cs.

1.3 The Services are only intended for persons over the age of 18 residing in a country for which the Services are available. By registering on the Website, the Customer confirms that he/she is over 18 years of age. If the Customer is under 18 years of age, the Customer may not use the Services. The Customer undertakes to access the Services solely from one of the countries for which the Services are available.

1.4 The services provided by the Company give the Customer access to a simulated trading account. The Customer acknowledges that any trading that he/she performs through the Services is not real. The Customer acknowledges that the funds provided for demo trading are not real and that he/she has no right to possess those funds beyond the scope of their use within the Services, and in particular that they may not be used for any actual trading and that the Customer is not entitled to the payment of those funds, and will not be paid any compensation or gains based on the results of the simulated trading, nor will be required to pay any losses. Furthermore, The Services include the subsequent potential access to trade on the HIVE MARKETS LTD Get Funded Account upon successful completion of the challenge.

2. SERVICES

2.1 The Customer can order the Services through the Website by completing the appropriate Order form. After registration, we will send the login details for the Trading Platform via e-mail to the Customer and allow the Customer to access it.

2.2 The Services include: the HIVE MARKETS LTD Get Funded Account Challenge. It consists of stages: Evaluation Stage (Stage 1) and Get Funded (Stage 2).

2.3 During the Evaluation Stage (Stage 1) Customer may use some of the Services within a limited scope and for a limited period of time free of charge. Completing the Evaluation Stage does entitle the Customer to access the Get Funded Stage (Stage 2).

2.4 All data that the Customer provides to us through the registration or order form, or otherwise must be complete, true, and up to date. The Customer must immediately notify us of any change in his/her data. The Customer is responsible for all the data provided is accurate and up to date; the Company may verify the data.

2.5 The Customer acknowledges that if the Customer is a legal entity, the Customer will be considered as a Corporate (trader).

2.6 The fee for the HIVE MARKETS LTD Evaluation Challenge varies according to the option selected and depends on the amount of the initial capital, the degree of the acceptable risk, the parameters that must be satisfied so that the conditions of the HIVE MARKETS LTD Evaluation Challenge and the subsequent Get Funded Stage are met, and possibly other requirements. More detailed information on individual options and fees for those options are provided on our Website. The final fee will be determined based on the option the Customer selects when completing the form for ordering the HIVE MARKETS LTD Evaluation Challenge.

2.7 Upon payment of the established fee, the Customer is granted access to the Evaluation Challenge”. The Customer is not entitled to a refund of the fee, including but not limited cases when the Customer cancels the participation and requests the cancellation by e-mail when the Customer terminates the use of the Services prematurely (e.g. fails to complete the HIVE MARKETS LTD Evaluation Challenge), fails to meet the conditions of the HIVE MARKETS LTD Evaluation Challenge, or violates these T&C.

2.8 If the Customer lodges an unjustifiable complaint regarding the paid fee or disputes the paid fee with the Customer’s bank or payment service provider, on the basis of which cancellation or refund of the fee or any part thereof is requested, the Company has a right, at its own discretion, to stop providing to the Customer any services and refuse any future provision of any services.

2.9 The Customer’s choice of the option of the HIVE MARKETS LTD Evaluation Challenge when making an order shall also apply to the subsequent Funded Account. Once the Customer has made the selection, it is not possible to change it.

2.10 The Company reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful completion. The change does not affect the Services purchased before the change is notified.

2.11 Any data entered in the Order form can be checked, corrected, and amended until it is submitted. The Company will confirm the receipt of the Customer’s payment via email to the Customer’s e-mail address. This confirmation of the Customer’s e-mail address is deemed as the contract execution. The contract is concluded in English.

2.12 The Customer acknowledges that the appropriate technical equipment and software are to be obtained at his/her own risk and expense. The internet access, purchase of the equipment, and purchase of the web browser and its updates are at the Customer’s own risk and expense. The Company does not warrant that the Services are compatible with the Customer’s software.

2.13 If the Customer places an unusually large number of orders for the Services within an unreasonably short period of time, the Company may notify the Customer through the Client Section as a protective precaution to mitigate the potentially harmful behavior of the Customer. If such unreasonable behavior continues after such notice, we reserve the right to suspend any further orders of the Services by the Customer. If we identify that the unusual behavior as per this paragraph relates to the Customer’s involvement in Forbidden Trading Practices, we may take respective actions as identified in Section 5 of this T&C. The Company reserves the right to determine, at its own discretion, the nature of the behavior.

2.14 The company provides 24/7 operating hours for supporting Customers. Support is being provided via Live Chats, Emails and Call-backs. The Company’s communication with Customers is going to be done in English.

3. PAYMENTS

3.1 The HIVE MARKETS LTD Get Funded Challenge participation fee can be paid in a currency that is listed on the Website. The Customer acknowledges that if the payment is made in a currency other than the one the Customer has chosen on the Website, the amount will be converted according to the current exchange rates available to the Company, valid at the time of payment.

3.2 The Customer can pay the fee for the selected option of the HIVE MARKETS LTD Get Funded Challenge by the payment methods that the Company currently offers on the Website.

3.3 The fee is considered paid when its full amount is credited to the Company’s account. If the Customer does not pay the amount on time, the Company is entitled to cancel the Customer’s order. The Customer bears all fees charged by the selected payment service Company in connection with the transaction and the Customer is obliged to ensure that the respective fee for the selected HIVE MARKETS LTD Get Funded Challenge is paid in full.

4. CUSTOMER ACCOUNT

4.1 The Customer will be obliged to open a Customer Account once the Evaluation stage is successfully finalized.

4.2 Only one Customer Account is permitted per customer, however, the Customer can have multiple funded trading accounts. The total number of Funded Trading accounts may be limited depending on the total sum of the initial capital amounts of the products ordered by the Customer or based on other parameters. The Customer is not entitled to transfer or merge his/her performance, Service parameters, data, or any other information between the Funded trading accounts.

4.3 The total number of HIVE MARKETS LTD Get Funded Challenges and Evaluation per one Customer is not limited.

4.4 Access to the Account and Funded Trading Account is protected by login data, which the Customer should not provide or share with any third party. If the Customer has registered as a legal entity, the Customer may allow the use of the Services to the Customer’s authorised representatives. The customer is responsible for all activities that are performed through the Customer’s Account or Funded Trading Account. The Company takes no responsibility, and the Customer is not entitled to any compensation, for any misuse of the Customer Account, Funded Trading Account, or any part of the Services, nor is the Company responsible for any negative consequences thereof for the Customer.

4.5 The Customer acknowledges that the Services may not be available 24/7, particularly with respect to maintenance, upgrades, or any other reasons. In particular, the Company bears no responsibility, and the Customer is not entitled to any compensation, for the unavailability of Services.

4.6 The Customer acknowledges that any Customer Account created in error, as a result of a technical malfunction, shall be disqualified and disabled.

4.7 The Customer may at any time request the cancellation of the Customer Account by sending an e-mail to [email protected]. Sending a request for the cancellation of the Customer Account is considered as a request for termination of the business relationship by the Customer, with the Customer being no longer able to use the Services, including the Customer Account and Funded Trading Account. The Company will confirm the receipt of the request to the Customer by e-mail, whereby the contractual relationship between the Customer and the Company will be terminated. In such case, the Customer is not entitled to any refund of the fees already paid or costs otherwise incurred.

4.8 Challenges and Competitions Overview pages. Both active, past, and pending challenges and competitions are displayed on the website. This page is separate from the dashboards for competitions and funded accounts.

5. TRADING RULES

5.1 During Stage 1 on the Trading Platform the Customer is allowed to perform trading transactions unless the latter constitutes Forbidden Trading Strategies or practices as per clause 5.3. The Customer also agrees to act in good faith and follow good market rules and practices for trading on financial markets.

5.1.1 The trader acknowledges his/her responsibility to close open positions just before the markets close for the weekend or if the rollover is longer than 2 hours when trading on the Funded Trading Account owned by HIVE MARKETS LTD.

5.1.2 The Customer acknowledges that when trading on a Funded Account, prices and availability of products are subject to change without notice. Errors will be corrected where identified, and HIVE MARKETS LTD reserves the right to revoke any offer and to correct any errors or omissions including after an Order has been submitted and whether or not the Order has been confirmed. In the event of revocation, HIVE MARKETS LTD will issue you the appropriate credit within a reasonable time after your Order has been revoked.

5.2 The Customer acknowledges that the Company has access to information about the demo trades. The Customer grants the Company his/her consent to share this information with persons/entities who are in a group with the Company or who are otherwise affiliated with the Company, and the Customer grants the Company and these persons/entities his/her explicit consent to handle this information at their own will. The Customer agrees that these activities may be performed automatically without any further consent, notice, or approval and that the Customer is not entitled to any remuneration connected with the use of the data. The Customer is aware that the Company does not provide any investment advice. The Customer acknowledges that Company may suspend his/her demo trading account at any time.

5.3. FORBIDDEN TRADING PRACTICES.

5.3.1 during the trading, it is prohibited to:

(a) knowingly or unknowingly use trading strategies that exploit errors in the services such as errors in the display of prices or delays in their update;

(b) perform, alone or in concert with any other persons, including between connected accounts, or accounts held with different HIVE MARKETS LTD entities, trades or combinations of trades the purpose of which is to manipulate trading, for example by at the same time entering into opposite positions;

(c) perform trades in contradiction with these T&Cs.

(d) otherwise perform trades in contradiction with how trading is performed in the forex market or in any other financial market, or in a way that establishes justified concerns that the Company might suffer financial or other harm as a result of the Customer’s activities.

5.4 The Company reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Forbidden Trading Practices.

5.5 If the Customer engages in any of the Forbidden Trading Practices described in clause 5.3,

(i) The Company is entitled to consider it as a failure to meet the conditions of the HIVE MARKETS LTD Get Funded Account Challenge,

(ii) the Company is entitled to remove the transactions that violate these rules from the Customer’s trading history and/or not include their results in the profits and/or losses achieved by the demo trading, or

(iii) to cancel all Services provided to the Customer and subsequently terminate the business relationship.

5.6 If the Customer engages in any of the practices described in clause 5.3 continuously, and the Company has previously notified the Customer, the Company can stop the Customer from accessing all Services without any compensation. In such a case, the Customer is not entitled to a refund of the fees paid.

6. HIVE MARKETS LTD EVALUATION CHALLENGE AND VERIFICATION

6.1 After paying the fee for the selected option of the HIVE MARKETS LTD Get Funded Challenge, the Customer will receive the relevant login data for the Demo Account at the e-mail address provided by the Customer. The Challenge begins upon login credentials of the Demo Account being sent from the Company.

6.2 In order for the Customer to meet the conditions of the HIVE MARKETS LTD Get Funded Challenge, the Customer must satisfy the at the same time by the end of the challenge.

6.3 If the Customer has met the parameters of the HIVE MARKETS LTD Get Funded Challenge specified in clause 6.2, and at the same time has not violated these T&C, the Company will deem the HIVE MARKETS LTD Get Funded Challenge as successful and will provide the Funded Account login credentials by sending them to the Customer’s e-mail address. The Company does not have to evaluate the HIVE MARKETS LTD Get Funded Challenge if the Customer has not closed all trades, however, the Customer is entitled to use the Demo Account for training purposes.

6.4 Upon successful completion of the Evaluation Stage (Stage1), The Company will perform an evaluation on the trading history and characteristics of the Customer, including, but not limited to: Trading Style, Volume of trades, Frequency of trading, etc. To determine the risk profile of the Customer. The Company reserves the right to require further evaluation of trading and/or reject the offer for Services. The evaluation will be performed within five business days of the Customer successfully completing the Evaluation stage.

If the Customer does not activate the Verification within 60 calendar days from the day on which the Customer received the new login data, the Customer’s access to the Verification will be suspended. The Verification lasts for 60 calendar days from the date of its activation.

6.5 The activation of the Evaluation Stage will begin upon the credentials being sent from the Company to the Customer’s provided email address. If the Customer does not activate the Evaluation Stage within 60 calendar days from the day on which the Customer received the login data, the Customer’s access to the Challenge will be suspended. The Evaluation lasts for 60 calendar days from the date of its activation.

6.6 If during the Challenge the Customer does not comply with any of the conditions specified in clause 6.2, the Challenge will be deemed unsuccessful, and the Customer will not be deemed as a candidate for the HIVE MARKETS LTD Get Funded Account Program. The Customer is entitled to use the Demo Account for training purposes.

7. PROFIT SPLIT AND WITHDRAWALS  

7.1 If the Customer is successful in the HIVE MARKETS LTD Evaluation Challenge, and passes the trading evaluation, the Customer will be given trading access to a Funded Trading Account owned by HIVE MARKETS LTD to participate in the HIVE MARKETS LTD Get Funded Account Program.

7.2 The trader will be able to trade on the account, but he/she won’t be entitled to make any withdrawal of funds that are owned by the Company.

7.3 The Company will contact the Customer to perform KYC prior to granting trading access to the HIVE MARKETS LTD Get Funded Account Program. The Customer will be granted access to credentials to the Funded TradeLocker account.

7.4 All accounts in the HIVE MARKETS LTD Get Funded Challenge, including the Funded Account and the Demo Account, are simulated accounts. Our proprietary algorithms may copy trades from the simulated accounts to our Master Account that trades in the actual live markets.

7.5 All profit-sharing payments will be paid on a weekly basis each Friday End of Day.

7.6 The profit sharing will be calculated on equity gain made by the Trader for the previous week.

7.7 Upon successful qualification for Funded Account, the Customer’s account, provided all the terms of this T&Cs are met, is then to be funded within 7 to 14 days.

7.8 The Trader hereby agrees that any trading losses on a funded account will be borne by the Company unless such loss has occurred as a result of a breach of clause 5.3 of these T&Cs.

8. RESTRICTED COUNTRY

8.1 You agree to only access the Services from a country where they are available. You understand that there may be restrictions or laws in some countries that prohibit your access to or use of the Services, and you promise to only use the Services in compliance with all relevant laws.

8.2 The Provider reserves the right to refuse, restrict or terminate the provision of any and all Services to Customer that: (i) is of nationality or is residing in Prohibited Jurisdictions; (ii) is established or incorporated, or has a registered office in Prohibited Jurisdictions; (iii) is subject to the relevant international sanctions; or (iv) has a criminal record related to financial crime or  Prohibited Jurisdictions means countries determined as such by the Provider including:

Afghanistan, Botswana, Burma (Myanmar), Democratic Republic of Congo (DPRK), Crimea, Cuba, Ethiopia, Iran, Iraq, Japan, Lebanon, North Korea, Pakistan, Republic of the Congo, Russian Federation, Somalia, Sudan, Syria, Trinidad and Tobago, Tunisia, Yemen, Zimbabwe.

Such Customer is prohibited to use the Services, which also includes the use of the Client Portal and/or Trading Platform.

9. USE OF HIVE MARKETS LTD’s WEBSITE

9.1 Website refers to HIVE MARKETS LTD’s Web site (https://hivemarkets.io/) and additional Websites that HIVE MARKETS LTD may register). The Website provides the Customer with content and information. The content on the Website is provided as a convenience but may be inaccurate or outdated.

9.2 The Customer agrees at all times to rely upon the Customer’s transaction confirmations and statements as the official records of the Customer’s Account. Information is not related specifically to an Account.

9.3 Information in financial or investments provided by third parties to HIVE MARKETS LTD that HIVE MARKETS LTD provides to the Customer, which includes market data, news, research, financial analysis, commentary, or tools.

9.4 The information on the Websites is provided from sources believed to be reliable but cannot be guaranteed. The information provided on our website is not customized for the Customer and the Customer understands that the information provided to the Customer is not a recommendation to the Customer about the suitability of purchase and/or sale of any trading product.

9.5 HIVE MARKETS LTD may, without notice to Customer, change, revise, modify, add, upgrade, remove, or discontinue any part of HIVE MARKETS LTD’s Websites. The Website may include hyperlinks to third-party websites.

9.6 HIVE MARKETS LTD is not responsible for the information or content provided by such third-party websites.

10. DISCLAIMER

10.1 The Customer acknowledges that the services and other content are provided “as is” with all their errors, defects, and shortcomings and that their use is at his/her sole responsibility and risk.

10.2 The Company is not responsible for any harm, including any indirect, incidental, special, punitive, or consequential damages, including lost profit, loss of data, personal or other non-monetary harm, or property damage caused as a result of the use of the services.

10.3 The Company reserves the right to modify, change, replace, add, or remove any elements and functions of the Services at any time without any compensation.

10.4 The Company is not responsible for its failure to provide the purchased Services if that failure occurs due to serious technical or operational reasons beyond the Company’s control, in the case of force majeure and/or if the Company is prevented from providing the Services as a result of any obligations imposed by law or a decision of a public authority.

11. COMMUNICATION

11.1 The Customer acknowledges that all communication from the Company or its partners in connection with the provision of Services will take place through his/her e-mail address, which the Customer registers with us.

11.2 Our contact e-mail address is [email protected].

12. RIGHT TO WITHDRAW FROM A CONTRACT

12.1 Customer has the right to withdraw from a contract without giving a reason at all times.

12.2 The Customer’s withdrawal from the contract must be sent to our e-mail address. We will confirm the receipt of the form to the Customer in text form.

13. CHANGES TO THE T&C

13.1 The Company reserves the right to change these T&Cs at any time with immediate effect for new customers and new orders of the Services placed by existing Customers. The HIVE MARKETS LTD Evaluation and Get Funded Challenge are provided throughout the period of their duration pursuant to the version of the T&C which was valid and effective at the time at which the relevant Challenge was ordered.

14. CHOICE OF LAW AND JURISDICTION

14.1 Any legal relations established by these T&Cs or related to them, as well as any related non-contractual legal relations, shall be governed by the laws of the Marshall Islands. The Parties irrevocably agree that the courts of MI shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with the T&Cs or its subject matter or formation (including non-contractual disputes or claims).