VEX FUNDED — Terms & Conditions

1. X12 Leveraged Accounts (VEX AVERAGE X12)

1.1. Program Philosophy

Vex Average X12 removes almost all traditional restrictions, allowing the trader to operate freely under their own style.

1.2. Operational Freedoms

• No daily loss limit
• No consistency rule
• No 5/2 minute rules
• No IP restrictions
• Weekend and news trading allowed
• Copy signals allowed from external providers (not between own accounts)
• Hedging, martingale, grid, or other methodologies allowed
• EAs allowed, except HFT or latency-based systems

1.3. Disqualification Reasons

There are only 3 reasons an account may be disqualified:

• Exceeding the 10% dynamic drawdown.
• Using malicious or non-permitted systems or trading practices.
• Delegating the account, copying signals between own accounts, or using copy systems between accounts.

1.4. Limits and Conditions

• Withdrawal profit limit: 10% of the balance.
• Total program profit limit: 100%.
• Leverage: 1:50.

1.5. Prohibited Trading Types

• Latency arbitrage.
• News volatility abuse using guaranteed orders.
• Use of delayed data to obtain risk-free profit.
• Tick systems, HFT, or "tick scalping."
• Arbitrage systems such as WP7 or similar.
• Execution on synthetic indices with tick-type stops or SL that are not affected by spikes or gaps (taking advantage of latency or abnormal execution).

1.6. Withdrawals

• Weekly withdrawals.
• Requirement: 3 trading days per period.

Profit Split per period:

• 1st period: 80% of profit.
• 2nd period: 90% of profit.
• 3rd period: 100% of profit.

2. Funding Programs (General)

2.1. Prohibited Styles (apply to all programs)

• Grid Trading.
• Martingale (manual or via EA).
• Latency arbitrage.
• Hedging orders between multiple accounts.
• News volatility abuse using guaranteed limit orders.
• Use of delayed data.
• Copying trades between multiple users.
• Managing third-party accounts.
• Tick systems.
• HFT (High-Frequency Trading).

The use of these strategies may result in permanent account suspension.

2.2. KYC Verification

All traders must complete KYC after passing the evaluation phase. Once approved, the funded account is activated and the trader becomes eligible for payments according to the established periods.

2.3. Rules by Program Type

INSTANT Programs:

• Each trade must remain open for at least 5 minutes.
• Trades must remain within the consistency range: one or multiple trades cannot exceed 30% of the total profit.
• The account cannot be delegated nor can trades be copied between accounts.
• Must comply with the minimum trading days required by the program.

Vex2Pro & Vex Elite Programs:

• You may not delegate your account nor use copy trading systems between accounts.
• Must comply with the minimum trading days required by the program.

2.4. How an Account Is Automatically Lost

Violation of the Allowed Drawdown:

Vex Instant & Vex Elite (Dynamic Reduction):

• Daily DD: 3% (based on the highest equity point of the day).
• Total DD: 6% (based on the highest historical equity point).

Vex2Pro (Static Reduction):

• Daily DD: 5% based on initial balance.
• Total DD: 10% based on initial balance.

• Inactivity: no trading for 30 consecutive days in challenge or evaluation accounts.
• Failure to comply with rules detected during the review of a withdrawal request.

2.5. How Drawdown Works

Dynamic Reduction (Vex Instant & Vex Elite): Resets every day at 00:00 (market observation time). It is calculated based on the initial balance of the account after each reset and the highest equity point reached that day.

Main formula: Highest daily balance or equity – current equity

Static Reduction (Vex2Pro): Using the initial balance as reference. Example: $100,000 account with 5% total reduction → the limit is reached at $95,000, regardless of the historical maximum.

3. Vex Elite Program

3.1. Scaling

Each time you reach the profit target (10%):

• You receive the corresponding profit percentage.
• Your funded account doubles.
• It is possible to scale up to a maximum of $4,000,000.

3.2. Risk and Limits

• Profit target: 10% per stage.
• Maximum daily loss: 3%.
• Maximum total loss: 6%.
• If either of these limits is reached, the account is permanently terminated.

3.3. Trading Conditions

• Holding trades over the weekend is allowed.
• News trading is allowed, except "bracket" strategies or others specifically restricted in T&C.
• Available instruments: Forex, Metals, Indices, Cryptocurrencies, and Synthetic Indices.
• Platform: MetaTrader 5.
• Maximum leverage: 1:33.
• No minimum days or trades: you pass the phase when you reach 10% profit.

3.4. Withdrawals (Payments)

• First withdrawal available 14 days after the first trade.
• Thereafter, payments every 14 days.
• You must achieve at least 10% profit to request a withdrawal in each cycle.
• The 14-day cycle resets each time your account scales to a new level.

3.5. Key Rules That Trigger Review or Deductions

A) 5-Minute Rule: Each trade must remain open at least 5 minutes (minimum time between opening and closing).

B) 30% Profit Concentration Rule: If a single trade generates more than 30% of the total profit, the amount exceeding that 30% will be deducted from the profit. After applying this deduction, a new trading period will be allowed.

C) Prohibited Trading Styles / Copy Trading / Templates: Any of the following actions will result in withdrawal rejection, without the option to start a new trading period:

• Use of prohibited strategies.
• Copy trading, including: system copying, signals, or account delegation.
• Use of software that simulates manual trading, such as WP7 or similar.

The use of prohibited strategies or copy trading may result in permanent account suspension.

3.6. Withdrawal Review Results and Violation Thresholds

Allowed Deductions (up to a limit):

• 30% Rule + 5-Minute Rule: Up to three (3) trades that violate these rules may be deducted.
• 30% Rule: Any amount exceeding 30% of total profit in a single trade will be deducted, and a new trading period may begin.

Denial Thresholds:

• 3 violations: The withdrawal will be denied, but a new trading period with the initial balance will be allowed.
• 4 or more violations: The withdrawal will be denied and NO new trading period will be allowed.

4. Vex2Pro Program

4.1. Evaluation Phases

• Phase 1: Achieve a net profit of 8% on the initial capital.
• Phase 2: Achieve a net profit of 5% on the capital assigned to this phase.

4.2. Risk Limits

• Maximum daily loss: 5%.
• Maximum total loss: 10%.
• If the balance reaches any of these limits, the account is permanently terminated.

4.3. General Conditions

• Unlimited time period to pass the challenge.
• Minimum time per phase: 4 trading days.
• No trading 5 minutes before nor 5 minutes after high-impact news.
• No weekend trading.
• Maximum leverage: 1:30.

4.4. Operational Restrictions

• HFT or similar systems may not be used to pass the challenge.
• Copy trading is not allowed.
• Minimum time between opening and closing a trade: 2 minutes.
• No hedging between accounts, grid, or martingale allowed.

4.5. Withdrawals and Refunds

• First withdrawal available 30 days after the first trade.
• Minimum profit for withdrawal: 1%.
• Refund: if profit exceeds the value paid for the challenge, the challenge fee + profits will be returned in the third period.
• If at least 3 violations are recorded, the withdrawal will be denied and a new trading period with the initial balance will be allowed.
• If 4 or more violations are accumulated, the withdrawal request will be denied and no new trading period will be allowed.
• It is essential to understand all the rules and adjust your style so that withdrawal requests are processed correctly.

4.6. Payment Splits

• 1st period (30 days): 80% of profit.
• 2nd period (30 days): 85% of profit.
• 3rd period (30 days): 90% of profit.
• 4th period (30 days): 95% of profit.

5. Vex Instant Program

5.1. Operational Rules

• Application of lot size consistency rule.
• No new trades may be opened after requesting a withdrawal.
• Minimum days to request first withdrawal: 30 trading days.
• 5-minute rule: each trade must remain open at least 5 minutes.
• Individual trades generating more than 30% of total profit may be subject to deductions in profit sharing.
• Use of non-permitted strategies or copy trading results in permanent account suspension.

5.2. Consistency Rule

Consistency range is calculated based on the average of closed trades.

• Average lot size = (Total lots traded / number of closed orders).
• Lower range limit = Average lot size × 0.25.
• Upper range limit = Average lot size × 2.00.

Any trade outside this range may be considered inconsistent and subject to review/deduction. Partial orders are treated as separate orders for this calculation.

5.3. Withdrawals

• First withdrawal available 30 days after the first trade.
• You must obtain a minimum of 1% profit to request a withdrawal.

Splits per period (every 30 days from first trade):

• 1st period: 70% of profit.
• 2nd period: 75% of profit.
• 3rd period: 80% of profit.
• 4th period: 90% of profit.
• 5th period: 95% of profit.

6. Maximum Funding Amounts per Program

• Vex Instant: up to $500,000 (sum of all active accounts).
• Vex2Pro: up to $1,000,000 (sum of all active accounts).
• Vex Elite: up to $1,000,000 (sum of all active accounts).

7. Commission per Lot

• Forex assets: $6 per lot.

8. Refunds

• The amount paid for the program is refunded on the first withdrawal made from your account.
• If that first withdrawal is not made, the refund does not apply.
• No refund applies for: Vex Instant nor Vex Average X12.

9. Withdrawal Process

• Once the minimum time requirement is met, go to the "My Programs" section and click the "Withdraw" button.
• The request is processed within up to 72 business hours.
• If the team confirms you meet the requirements, the amount is deposited into your internal balance.
• Afterwards, you may withdraw via the available methods.
• Current method: USDT. Minimum $30.
• Payments are reviewed and sent within 1 to 3 business days (weekends and holidays do not count).

10. Eligibility to Request a Withdrawal

Policy for Withdrawals and Payments — VEX2PRO SYNTHETICS & VEX2PRO FOREX (Under special agreements, negotiated terms, or Sponsored Accounts)

Your withdrawal request will be APPROVED only if you meet all the following conditions:

• 30-day waiting period completed: At least 30 days have passed since your first trade.
• Minimum trading days completed: You have traded the minimum number of days required by the program.
• Risk limits respected: You have not exceeded the daily loss limit nor the total loss limit.
• Rule compliance: You have followed all program rules.

If the request is approved: Profits will be credited to your USD balance, and you may start a new trading period.

11. Trading Restrictions After Requesting a Withdrawal

• Trading after request is not allowed: Once the withdrawal request is submitted, no new trades may be opened.
• Any trade opened after the withdrawal request will cause automatic rejection of the withdrawal.
• If the withdrawal is rejected for this reason, a new trading period will be allowed.

12. Key Rules That Trigger Review or Deductions

A) 5-Minute Rule: Each trade must remain open at least 5 minutes (minimum time between opening and closing).

B) 30% Profit Concentration Rule: If a single trade generates more than 30% of total profit, the amount exceeding that 30% will be deducted. After this deduction, a new trading period will be allowed.

C) Prohibited Trading Styles / Copy Trading / Templates: Any of the following actions will result in withdrawal rejection, without the option to start a new trading period:

• Use of prohibited strategies.
• Copy trading, including: system copying, signals, or account delegation.
• Use of software simulating manual trading, such as WP7 or similar.

The use of prohibited strategies or copy trading may result in permanent account suspension.

13. Consistency Rule (Lot Consistency Range)

Applies only to the funded account stage. The account will be evaluated to verify that trade sizes remain within a "consistency range," calculated based on the average lot at the time of withdrawal review.

How the consistency range is determined:

• Average Lot = Total Lots Traded ÷ Number of Closed Orders
• Lower Limit = Average Lot × 0.25
• Upper Limit = Average Lot × 2.00

Example: If your average trade size is 20 lots:

• Lower Limit: 5 lots
• Upper Limit: 40 lots
• Any trade between 5 and 40 lots is considered consistent.

Important Details:

• The calculation uses all closed orders from the first trade until the withdrawal request date.
• The average lot is a final value, calculated once at the time of requesting withdrawal.
• Partial orders are considered independent orders for consistency calculation.
• Trades outside the range are subject to review and may be deducted from total profits.

14. Withdrawal Review Results and Violation Thresholds

Allowed Deductions (up to a limit):

• Consistency Rule + 5-Minute Rule: Up to three (3) trades violating these rules may be deducted.
• 30% Rule: Any amount exceeding 30% of total profit in a single trade will be deducted, and a new trading period may begin.

Denial Thresholds:

• 3 violations: Withdrawal denied, but a new trading period with initial balance allowed.
• 4 or more violations: Withdrawal denied and NO new trading period allowed.

15. Minimum Trading Day Requirements per Program

For VEX2PRO SYNTHETICS and VEX2PRO FOREX, to request a withdrawal you must have:

• Completed at least 30 days since your first trade, and
• Completed at least 5 trading days.

If these minimums are not met, the withdrawal request will be automatically rejected, with the option to start a new trading period with the initial balance.

16. Additional Withdrawal Details

• The first withdrawal is available 30 days after the first trade.
• You must generate a minimum of 1% profit to request a withdrawal.
• It is essential to understand and respect all program rules.
• All gifted or promotional accounts have a maximum profit limit of 5%.

17. Are You Trading with Real Money? — Official Statement

Funded accounts at Vex Funded do not receive real capital in the MT5 environment, although:

• There is direct connectivity with our LP Exura Prime to simulate real market conditions.
• Accounts operate in a fully simulated environment but with realistic market data and conditions.
• Traders act, in practice, as "trading data analysts," whose results may be monetized when replicated internally.
• The trader receives performance commissions (between 50% and 100%, depending on the value of their trading data and payout frequency).
• The company may copy this trading data into its own internal fund to extract additional profit.

In summary: when we refer to a "funded account," we mean a simulated trading account with real market conditions, on which commissions are paid based on the trader's performance.