Welcome to MainetFunded, and thank you for looking at the website for Mainet Prop Firm Services FZCO (CTI, we, us).
It is important that we make these terms and conditions available to you and that you understand them. If you have any questions, please contact us via email at [email protected].
These terms and conditions are all about using the services provided on our website, mainetfunded.com.
Please read them immediately. It’s important that you do so before you use our website or sign up for our services.
BY USING OUR SITE OR SIGNING UP FOR OUR FUNDED TRADER PROGRAMS YOU CONFIRM THAT YOU ACCEPT THESE TERMS AND CONDITIONS AND THAT YOU AGREE TO COMPLY WITH THEM. IF YOU DO NOT AGREE TO THESE TERMS, YOU MUST NOT USE OUR SITE.
And remember that these are not our only terms.
You also need to look at:
(1) Our Privacy Policy.
(it tells you how we use your personal data and more, so it’s really important for you) and;
(2) FAQs & the Challenge, Instant, & Direct Funding pages.
(it tells you all the rules and guidelines you must comply with when going through our Funded Trader Programs).
(3) Refund Policy.
(it tells you the fee structure, the refund and chargeback terms).
(4) Affiliate agreement
(It tells you how our affiliate prpgram works and its rules).
This means that it’s important that you know who we are, and so we have set out below very clearly. Our full details are as follows:
Full name of legal entity: MainetFunded FZCO with company number DSO-FZCO-39986.
Email: [email protected].
Address: Dubai Silicon Oasis, Dubai Digital Park, Building A1, Dubai, United Arab Emirates.
MainetFunded (the Company): As the provider, MainetFunded offers evaluation and challenge-funded accounts to clients via its Funded Trader Programs.
You (The Client): As a participant in MainetFunded’s Funded Trader Programs, the client acknowledges and accepts these terms and conditions by enrolling in any of MainetFunded’s Funded Trader Programs.
MainetFunded operates primarily as a software development and educational prop firm offering simulated funded accounts for traders for educational purposes aimed at enhancing risk management, trading psychology, and compounding profits through its Funded Trader Programs.
What MainetFunded offers is a valuable educational opportunity through its Funded Trader Programs. These programs are designed to evaluate traders’ performance, irrespective of their nationality.
MainetFunded is not registered or regulated; Consequently, it does not engage in regulated activities, ensuring that its operations align with regulatory guidelines. Furthermore, MainetFunded is not a financial institution or a broker, nor does it promote brokerage services. MainetFunded does not invest client’s money, ask for deposits, or trade clients’ capital in financial markets; all funding originates from the company’s revenue and its directors’ own funds. MainetFunded does not act or conduct services as a custodian.
Purchases of the programs should not be considered deposits. All program fees are used to cover operational costs, including but not limited to staff, technology, marketing, and other business-related expenses.
MainetFunded does not invest or trade with clients’ capital. All funding provided to traders through the Funded Trader Programs comes exclusively from the company’s diverse revenue streams.
For KYC purposes, the Client agrees to provide MainetFunded with any KYC information that
MainetFunded requests from the Client at any time, including but not limited to the following:
News Trading: The Client is allowed to trade during all Economic news events.
Weekend & Overnight Trading: Any trades can be left open overnight and over the weekends without restrictions.
Stop Loss: The Client must use a stop loss on every position as soon as possible within a 1-minute window. Failing to do so will trigger our risk management system to close the position automatically.
Trades Duration: With MainetFunded, the Client can trade any trading style (scalp, day trading, or swing trading) as long as it doesn’t fall within the Prohibited trading strategies.
By taking your first trade on any of our accounts, you confirm that you have read and understood the definition of each prohibited trading style below as defined in our FAQs and comply with our prohibited trading styles policy.
Each of these strategies involves risk, complexity, or potential market manipulation, which is why they are typically prohibited in many trading environments. Trading any of the strategies above will result in the immediate termination of the funded account with no refund policy.
The termination of the Funded Trader Program can occur due to the trader’s inability to adhere to the terms and conditions of this agreement.
The termination of the Funded Trader Program Agreement may occur for any of the following reasons:
The Client agrees that at all times, MainetFunded has the right to terminate this Agreement as it sees fit to its risk tolerance and willingness to risk its own capital to fund the Client if it deems it to be risky or reckless behaviour at its own discretion.
Subject to the terms and conditions of this Agreement, neither party hereto shall be prejudiced in any way by inadvertent errors or omissions made by such party, providing such errors and omissions are corrected promptly following discovery thereof.
Upon discovering an inadvertent error or omission by either party hereto, appropriate adjustments shall be made as soon as possible to restore both parties to the fullest extent possible and to the position they would have been in had no such inadvertent error or omission occurred.
MainetFunded reserves the right to future changes to these terms and conditions upon notifications via an official email address given by the Client. The Client will be committed to the changes or officially be asked to resign from the program.
The spreads we use are very competitive, and this section will be subject to change after our technology provider delivery. Spreads should not exceed more than 0.3 pips.Different market conditions and liquidity can cause spreads to vary accordingly. At high volatility events, such as during high-impact economic releases, the spreads can widen.At the end of each day, between 10 PM & midnight UK Time, the banks move vast amounts of orders from the current day to the following day while there is less liquidity. This may cause spreads to be significantly increased. Therefore, it is advisable to widen stop losses during these times to avoid unwanted execution of nearby orders due to technicalities.
The commission is fixed at $2.25 per lot per side for FX and Commodities and $0.225 per lot per side for indices on the Challenge Phases 1 and 2 and the 1st Phase of the Instant Funding. The commission is fixed at $2.75 per lot per side for FX and Commodities and $0.275 per lot per side for indices on the rest of the Phases of the Funded Trader Programs.
Sometimes, during very illiquid periods, the markets can gap significantly. Any orders placed at prices with no quotes will be filled at the next available price. This may result in opening the trade at a less favourable price.
Slippage can occur at any time but is mostly relevant during periods of high volatility when market orders are executed. This can also happen when a large market order is executed, but there isn’t enough volume at the chosen price to execute the trade at the current market price. Slippage can occur when there is a delay between the trade being ordered and when it’s completed. Therefore, MainetFunded does not guarantee to pay the profit for trades where significant slippages occur.
MainetFunded is committed to providing a platform conducive for learning and growth in trading,ensuring compliance with applicable regulations and safeguarding personal data according to prevailing data protection and privacy laws.
As part of the funding process for traders who have successfully passed MainetFunded’s Evaluation/Challenge and are eligible for participation in MainetFunded’s funded Trader programs, participants are asked to undergo an interview conducted by MainetFunded representatives. The purpose of this interview is to better understand the trader’s background, trading goals, and suitability to become a funded trader and join the funded trader programs. The interview may cover topics related to trading experience, risk tolerance, and other relevant factors.
By agreeing to these Terms and Conditions, the trader acknowledges and agrees that MainetFunded may use the information gathered during the interview for marketing and promotional purposes. This may include but is not limited to, showcasing success stories, testimonials, and other relevant information on MainetFunded’s website, promotional materials, and social media channels.
MainetFunded is committed to maintaining the confidentiality of the information obtained during the interview process. Personal and sensitive information will be handled in accordance with MainetFunded’s privacy policy and applicable data protection laws.
We periodically update our terms of service to serve you better and comply with regulatory updates. It is your responsibility to review these terms regularly to stay informed about any changes. Each time you use our site, please ensure to check and fully understand the prevailing terms and conditions.
No Fees
We provide access to our site free of charge.
While we strive to keep our site up and running at all times, we cannot guarantee uninterrupted access. We reserve the right to suspend, withdraw, or restrict availability partly or wholly due to business and operational needs. We will endeavour to notify you reasonably ahead of any such interruptions.
We appreciate your cooperation in this endeavour. Please ensure that anyone accessing our site through your internet connection is informed about and complies with these terms of use and any other relevant terms and conditions.
Please note that we may transfer our rights and obligations under these terms to another organization. Rest assured, in such events, we will notify you in writing, and the transfer will not affect your rights under this agreement.
To ensure a secure experience, we ask you to use unique user identification codes and strong passwords as part of our security measures. Please keep this information confidential to protect both your security and the security of our platform.
We are committed to maintaining a safe environment for all users. If we reasonably believe that you have not complied with our terms of use, we reserve the right to disable your user
identification code or password and terminate your funded account agreement at any moment. In Case of Suspected Breach
Should you suspect that someone other than you has gained access to your user information, please notify us immediately. You can find our contact details above.
Please be aware that we hold all intellectual property rights on our site, including all materials published on it, either as the owner or the licensee. These rights are protected globally by copyright laws and treaties.
You are permitted to print or download extracts of any page(s) from our site for personal use, and to share content within your organization. However, it is vital to always recognize our (and any notable contributors’) status as the content creators.
Modification of the materials you print or download is not allowed. The use of illustrations, photos, videos, audio, and any graphics separately from the accompanying text is also prohibited.
Commercial use of our content without obtaining a licence from us or our licensors is strictly prohibited.
If you breach these terms, your right to use our site will end immediately, and you must either return or destroy any copied materials as per our request.
General Information
The content available on our site is for general information purposes only and not intended as advice on which to base any decisions. Please seek professional or specialist advice before taking any action based on our site’s content. While we strive to keep the information updated, we cannot guarantee its accuracy, completeness, or currency. Third-Party Links
Our site contains links to external third-party websites. These links are solely for your information and convenience. We do not approve or endorse the content of these third-party sites, and we hold no responsibility for their content. It’s essential to note that using these links will not imply any endorsement from us.
User-Generated Content
You might find content uploaded by other users on our site, including in bulletin boards and chat rooms. Please be informed that we do not verify or approve this content, and it does not reflect our views or values. If you find any content objectionable or inaccurate, feel free to reach out to us.
General Liability
We operate within the bounds of the law, and we will not limit our liability where it would be against the law to do so. Specific limitations and exclusions may apply concerning the services we provide you; please reach out to us for more details. For Business Users
If you are engaging with our site for business purposes, please note the following:
2.a. The use or inability to use our site
2.b. Reliance on the content displayed on our site
2.c. We are not responsible for any:
2.d. Loss of profits, sales, business, or revenue
2.e. Interruption to business operations
2.f. Loss of potential savings
2.g. Loss of business opportunities, goodwill, or reputation
2.h. Any indirect or consequential loss or damage For Consumer Users
2.a. Repair the damage
2.b. Offer compensation
However, we are not liable for damages that occur from not adhering to our instructions on updates or not following the installation instructions and system requirements we stipulate.
Uploading to Our Platform
When utilizing a feature that enables you to upload content to our site or engage with other users, you must adhere to the established content standards detailed below. Your Assurance
By uploading content, you affirm and guarantee to us and other site users that your contributions abide by these standards. Should you breach this warranty, you will be held accountable for any consequent loss or damage we incur, whether direct or indirect. Content Confidentiality and Rights
Your uploaded content will be regarded as non-confidential and non-proprietary. Although you maintain ownership rights over your content, you grant us and other site users a limited license to use, store, copy, distribute, and share it with third parties. Content Moderation
We reserve the right to:
(1) Disclose your identity to any individual claiming that the content you posted infringes upon
their intellectual property or privacy rights.
Rights to Your Content
By posting on our platform, you allow us and other users the privilege to utilize your content as described above.
Security Precautions
While we endeavour to maintain a secure platform, we cannot guarantee immunity from bugs, viruses, trojans, or other harmful elements. It is your responsibility to ensure your IT setup, including software and hardware, is configured securely and protected by reliable antivirus software.
Prohibited Actions You must refrain from:
You are welcome to link to our homepage, but it must be done legally, ethically, and without harming our reputation or leveraging it unjustly. Your link should not imply endorsement or association where none exists, and it must not be established on websites you do not own.
For permissions beyond these guidelines, reach out to [email protected].
We want to be clear that when our representatives share their viewpoints on future trends or the possible value of currencies, these are solely their personal opinions. They share these insights for educational and demonstration purposes without any assurance of accuracy. You won’t find the official stance of MainetFunded reflected in these personal viewpoints.
Mainet Prop Firm Services FZCO and “mainetfunded.com” do not take on any responsibility for any losses you might incur following actions or lack of actions you undertake based on these opinions. This includes, but is not limited to, decisions made from verbal discussions or online communications, as well as any issues arising from delayed or incorrect information or information left unsaid.
We encourage you to always steer your trading journey with personal discretion and sound judgment. Before making any trading decisions, reach out to a licensed financial advisor and undertake thorough research to guard against undesirable outcomes.
Your Acknowledgment
By using our services, you agree to acknowledge that “mainetfunded.com”:
We establish that “mainetfunded.com” and its affiliates won’t be held responsible for:
We do not provide any warranties, be it express or implied, regarding the usage of links available on our website and do not guarantee the adequacy of other websites, services, or goods linked to our service.
Service Availability
Understand that “mainetfunded.com”:
We shall not be liable, either directly or indirectly, for:
By agreeing to these Terms & Conditions, you affirm that:
Your Agreement to Protect
You agree to protect, defend, and hold “mainetfunded.com” and its associates — including employees, agents, affiliates, and suppliers — harmless at your own expense against any claims or legal actions brought by a third party due to:
In such events, you agree to cover all costs, damages, and expenses — including reasonable attorneys’ fees — that arise from these claims or legal actions.
“ mainetfunded.com” retains the right to take over the exclusive defence and control of matters you are otherwise obliged to indemnify at its own cost. In this scenario, you must cooperate fully with “mainetfunded.com” in utilizing any available defences.
Your Obligation to Cover Legal Expenses
You agree to cover “mainetfunded.com” for reasonable attorney fees and other legal expenses that might arise from lawsuits brought against you under the T&C or any other terms of service on this site, including, but not limited to, your failure to indemnify “mainetfunded.com” according to these T&C.
By agreeing to this, you recognize your duty to indemnify “mainetfunded.com” and protect it from legal disputes that relate to your use of the service and violations of these terms.
Governing Law and Exclusive Jurisdiction
This document and the mutual relationship it governs shall be construed in accordance with the laws of the United Arab Emirates. Both parties hereby agree to confer exclusive jurisdiction to the courts of the United Arab Emirates to settle any disputes arising out of or in connection with this document or the relationship it oversees.
By accepting this term, both you and “mainetfunded.com” agree to exclusively initiate or defend
any legal proceedings in connection with this agreement in the courts located within the United Arab Emirates, waiving any objection to the jurisdiction of such courts over disputes arising from this agreement.
This jurisdictional clause aims to maintain legal certainty and fairness, with the assurance that all disputes will be resolved under the established legal doctrines and precedents of the United Arab Emirates’ judicial system.
Termination by You
You reserve the right to terminate this T&C agreement at any time, with or without specifying the cause. Termination on your part can be achieved by discontinuing the use of the service and ensuring the deletion and destruction of all materials derived from the service.
Termination by “mainetfunded.com”
You acknowledge and agree that “mainetfunded.com” retains the unilateral right to terminate this T&C agreement or suspend your access to the services without prior notice and at any given moment, effective immediately. Such termination can be with or without cause. This T&C agreement will cease automatically without notice from “mainetfunded.com” should you fail to adhere to any terms outlined in this T&C.
Consequences of Termination
Following the termination of this agreement, either by you or “mainetfunded.com”, you are obligated to promptly delete and destroy all materials obtained through the service, including all copies of such materials, whether made under the terms of this agreement or otherwise. “mainetfunded.com” will not bear any liability towards you or any third party for the consequences arising from the suspension or termination of the service, including any claims related to the termination or suspension of the service.
It is important to understand that termination is a serious action aimed at protecting the rights and obligations of both parties involved and should be enacted with a full understanding of the responsibilities and repercussions that it entails.
This Terms and Conditions (T&C) agreement, alongside any other terms and conditions of service stipulated on this website, including any amendments or modifications to it, represents the entire agreement between you and “mainetfunded.com,” governing your utilization of the service.
This agreement supersedes all previous agreements, discussions, representations, warranties, and understandings between you and “mainetfunded.com”. You also acknowledge that any other agreements between you and “mainetfunded.com” are superseded and of no force or effect. Please note that your ongoing use of the service signifies your agreement to uphold and be bound by the updated or modified terms and conditions. It is recommended to regularly review the terms and conditions to ensure you are aware of any changes made to this agreement.
By engaging with the service, you are affirming your understanding of, and agreement to, the terms outlined in this T&C agreement, thus guiding the establishment and maintenance of a
harmonious and legally aligned relationship between you and “mainetfunded.com.” DASHBOARD AND ACCOUNT METRICS USE AND CONSENT
By agreeing to these Terms and Conditions, the Trader grants MainetFunded (“the Company”) the non-exclusive, worldwide, perpetual, and royalty-free right to access, use, reproduce, display, adapt, and promote the Trader’s dashboard and account metrics, which may include but are not limited to profits, loss rates, trading strategies, and risk management practices (“Metrics”), for the purpose of marketing and enhancing the Company’s services. The Company may utilize these Metrics in various forms such as marketing materials, case studies, promotional content, and aggregate data sharing with prospective clients, partners, and public domains including the Company’s website and social media platforms. The Company is committed to maintaining the Trader’s anonymity and privacy, ensuring that no Metrics are used in a way that directly or indirectly discloses the Trader’s identity without explicit consent. Reasonable efforts will be made to safeguard this privacy and present Metrics in a manner respectful of the Trader’s confidentiality. This consent encompasses the Company’s right to utilize these Metrics across all media or distribution methods currently known or developed in the future, strictly for marketing and service enhancement purposes. The Trader acknowledges the importance of these activities to the Company’s growth and service improvement and agrees to the use of their Metrics within the described scope without entitlement to compensation.
MainetFunded/mainetfunded.com is owned and operated by Mainet Prop Firm Services FZCO, a limited company registered in the United Arab Emirates. All content published and distributed by Mainet Prop Firm Services FZCO and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained here is intended (a) as investment advice, (b) as an offer or solicitation of an offer to buy or sell or (c) as a recommendation, endorsement or sponsorship of any security, company or fund. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success. MainetFunded is not a broker and does not accept client deposits. All program fees are used for operation costs including, but not limited to, staff, technology and other business-related expenses. MainetFunded itself does not carry out any regulated activities; our exclusive activity is Trading Education and we are therefore not required to be authorized by regulatory authorities. Disclosure on Hypothetical Performance: The accounts utilized for our services are demo accounts. Hypothetical performance results come with inherent limitations, among which include the fact that they do not reflect actual trading. No claim is made that any account will achieve or is likely to achieve profits or losses comparable to those discussed; in reality, actual results can significantly differ from those predicted by hypothetical performance. Hypothetical performance often benefits from hindsight, does not account for financial risk, and cannot consider the financial risk in actual trading. For instance, the capacity to endure losses or to stick to a trading plan despite losses are crucial factors that can negatively impact real trading results. Many other market factors or aspects of implementing a specific trading program not accounted for in hypothetical performance preparation can also adversely affect actual trading results. Please be aware that we do not offer specific investment advice, business consulting, analysis of investment opportunities, or any general recommendations on trading investment instruments. Content and services provided by MainetFunded are for educational and informational purposes only. This includes, but is not limited to: Terms of Service. Trading in financial markets carries a high level of risk, and we advise against risking more than you can afford to lose. MainetFunded funded accounts are not live trading accounts, they are fully simulated accounts utilizing real market quotes from liquidity providers.