TERMS OF SERVICE
Effective date: January 14, 2022.
1. INTRODUCTION
Amadeux offers a funding program called the 'Amadeux Challenge', accessible through the www.amadeux.com website and its subdomains (the "Website"). By purchasing and participating in the 'Amadeux Challenge', you agree to comply with the terms and conditions set forth in this Agreement, as well as our Privacy Policy and Cookie Policy.
Service Provider:
Amadeux LLC, with address at 224 W 35th St, Ste 500, Manhattan, NY 10001, United States of America ("Amadeux" or "We" or "Us").
2. Registration and Acceptance of Terms
2.1 Registration: To access and use Amadeux services, you must register by creating an account on our platform. During the registration process, you will be asked to mandatorily accept these Terms by checking a checkbox.
2.2 Acceptance of Terms: By agreeing to these Terms, you authorize us to apply our company policies regarding the use of our services, privacy and cookies.
3. Amadeux Challenge Anchoring Program
Amadeux is a training platform for traders, whose objective is to train profitable traders through an anchoring program or 'Amadeux Challenge'. The program is a training exercise that combines the use of demo accounts and Amadeux's advanced training platform.
3.1 Acquisition of the Program
Theacquisition of the 'Amadeux Challenge' program is only possible after having accepted the Terms of Service, the Privacy Policy and the use of cookies during the registration process.
3.2 Operation of the Program
Whenacquiring the program, the trader obtains access to broker accounts and to our training platform. This platform collects data on the operations performed in the accounts, in each tick or time frame, to analyze the compliance with the established rules.
The trader has a profit target in each evaluation stage, among other rules, when he reaches it he accesses the next stage until acquiring the funded account, which allows him to obtain rewards.
3.3 Rewards in Funded account
We offer a reward for obtaining profits consisting of an account that we call "Funded Account".
● On the first withdrawal made on the funded account 100% of the payment you made for the program passed is returned to you.
● Trader may withdraw 80% of the profits, such withdrawals are subject to the program rules, withdrawal conditions and scale plan.
3.4 Service Rules:
The service rules and specific agreements between Amadeux and the client are reflected in these Terms of Service and private agreements, and must be respected at all times.
4. Right to Block Access
4.1 Breach of Policies: We reserve the right to block access to the website and services to any customer who breaches our usage policies, without prior notice.
4.2 Damage to Reputation: Users are obligated to respect our brand and favor our reputation. If a user damages our reputation, we reserve the right to deny them access and cancel the contracted services.
5. User Obligations
5.1 Truthful Information: You agree to provide truthful and complete information during the registration process and to keep such information updated.
5.2 Compliance with Rules: You agree to comply with all service rules set forth on our website and in any private agreement with Amadeux.
5.3 Right to Honor: You agree to respect the honorability of the company and not to spread false information, any action that aims to damage the reputation, such as false reviews, will be grounds for breach of contract.
6. Intellectual Property
6.1 Proprietary Rights: All intellectual property rights related to the platform, services, data collected from trading accounts and content provided by Amadeux are the exclusive property of Amadeux.
'Amadeux' reserves the right to use all evaluation data for the creation of proprietary technology and artificial intelligence 'Amadeux'.
6.2 Use of Trademark: Users may not use the Amadeux trademark without the prior written consent of Amadeux. Any unauthorized use of our trademark will be considered a breach of these Terms.
7. Limitation of Liability
7.1 Services Provided "As Is": Amadeux services are provided on an "as is" and "as available" basis. We do not guarantee that the services will be free of errors or interruptions.
7.2 Limited Liability: To the maximum extent permitted by law, Amadeux shall not be liable for any indirect, incidental, special, consequential or punitive damages, or any loss of profits or revenues, incurred directly or indirectly, or for any loss of data, broker account terminations, use, goodwill or other intangible losses resulting from your use of or inability to use the services.
The data of the symbols traded by the user are only provided by independent brokers subject to regulations, Amadeux does not intervene in any case in: the execution of trades, prices, spreads, commissions or symbols offered by the broker.
8. Compliance with Applicable Regulations
None of the services provided to the customer by amadeux can be considered as investment services. Amadeux does not give or provide the customer with any guidance, instructions or information on how or in what manner the customer should transact when using the services or otherwise, or any other similar information on the investment tools traded, and amadeux does not accept any such guidance, instructions or information from the customer. Neither the services nor the recommendations constitute investment advice. Amadeux employees, staff and representatives are not authorized to give investment advice or recommendations. If any information or statements by Amadeux employees, personnel or representatives are construed as investment advice or recommendations, Amadeux expressly disclaims that such information or statements constitute investment advice or recommendations and shall not be liable for them.
9. Know Your Customer (KYC)
Amadeux implements robust and comprehensive procedures in accordance with legal and regulatory requirements in relation to Know-Your-Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) policy.
9.1 KYC Objectives:
● Establish an efficient mechanism to identify and verify potential customers.
● Mitigate money laundering risks by acquiring and analyzing relevant information.
● Facilitate the detection of suspicious transactions by identifying inconsistencies with the information received.
9.2 KYC Procedures:
● KYC verification should be performed only by the individual account holder. KYC verification by multiple individuals for a single account is strictly prohibited.
● Identity verification shall be based on original or duly certified documents.
● Customer shall provide valid documents such as photo ID, including: national ID card, passport or driver's license.
9.3 Customer Due Diligence (CDD):
● Collect verifiable customer identification data to unequivocally establish the customer's identity.
● Understand the nature and purpose of the customer's trading activities.
● Continuously monitor trading activities to ensure that they are consistent with the customer's stated trading strategy.
9.4 Enhanced Due Diligence (EDD):
●Implement additional verification measures for business relationships or transactions that present elevated risk.
● Obtain additional identity verification documentation.
● Conduct detailed interviews to assess customer legitimacy.
● Intensively monitor customer trading activities to assess adherence to agreed upon practices.
10. Program rules
To access the funded account you must reach the profit target in the closed balance of your account, with no open trades and meeting the minimum number of trading days, without having breached any of the program rules or prohibited practices mentioned below.
The program rules are specified on the website and private agreements, subject to change will be as follows:
Evaluation stagein 2 Steps:
First Stage.
| Concept | Detail |
|---|---|
| Period of trading days | Unlimited |
| Minimum Trading Days | 5 days |
| Daily Loss | -5% |
| Total Loss | -10% |
| Profit Target | +8% |
Second Stage
| Concept | Detail |
|---|---|
| Period of trading days | Unlimited |
| Minimum Trading Days | 5 days |
| Daily Loss | -5% |
| Total Loss | -10% |
| Profit Target | +5% |
Funded Account
| Concept | Detail |
|---|---|
| Period of trading days | Unlimited |
| Minimum Trading Days | Not applicable |
| Daily Loss | -5% |
| Total Loss | -10% |
| Profit Target | Not applicable |
Plan Scale
| Level | Benefit | Requirements |
|---|---|---|
| FUNDED TRADER | 100% refund for the purchase of the challenge on the first withdrawal. | Successfully pass the evaluation stages and access the funded account. |
| PRO TRADER | Increase in profit sharing to 90%. | Withdraw 3 times and accumulate more than 5% profit. |
| MASTER TRADER | Increase +40% of the initial balance of the funded account. | Withdraw 7 times and accumulate more than 15% profit. |
| VIP TRADER | -Double x2 the initial balance of your funded account. Fixed salary hiring option. | Withdraw 15 times and accumulate more than 25% profit. |
11. Trading Requirements
Inactive Account: A trading account will become inactive when it does not receive any order to open or close a position during a specific period of time, the time may vary in each broker, generally, if an account is not traded in 15 days the account will become inactive, in case your account becomes inactive you should contact support and it will be restored as long as you have not made any operation, on the contrary if you have already operated the challenge will be marked as failed.
12. Permitted Practices
● Program start date: The user may start trading his account whenever he wishes and the program starts evaluating after entering the first trade.
● Maintain open trades from one day to the next: You are allowed to maintain open trades from one day to the next.
● Trading during news and weekends: You are allowed to open, maintain and close trades during economic news, weekends and holidays.
Automatic systems (EA or similar): You are allowed to use Expert Advisors, as well as automatic systems that do not perform any of the prohibited practices described below.
● Trader Copiers: You are allowed to use copiers to replicate your trades between different platforms.
● Merging accounts: You are allowed to merge your funded accounts, with the same currency, up to 450,000, you can request it by writing to support.
13. Prohibited Practices
13.1 Trading Prohibitions: It is prohibited for the client to carry out operations that contravene the stipulations set forth in this section or in the FAQ. Prohibited practices include, but are not limited to:
● Using trading strategies that exploit bugs in the services.
● Performing trades using external data or slow data feeds.
● Using software or artificial intelligence that manipulate or abuse the systems.
● Latency Trading.
● Performing arbitrage of any kind.
Engaging in coordinated trading with others to manipulate the market.
● Hedging (Hedging or Group Hedging): Opposing buy and sell trades in the same or different accounts.
● High frequency trading and tick scalping.
● Martingale strategies.
● Copying or replicating trades of others.
● Hyperactivity: Excessive orders entered, common practice with HFT systems.
13.2 General prohibitions: It is prohibited for the client to violate the following practices, among others:
● We do not allow minors to register on the platform and purchase our services.
● Accounts are non-transferable, it is not allowed that another person operates the trading account of a client.
● It is prohibited to modify the access credentials to a trading account, if the case arises in which the security of your account has been breached, you are obliged to immediately contact support.
● It is not allowed to blame the company for your bad results, please note that Amadeux only performs assessments on Regulated and Independent Brokers, so be careful and apply good practices: in periods of low volume in the Broker the Stop Loss may fail to find a counterpart in the order book, especially in brokers that are not Market Makers, in periods of high volatility spreads may be increased and you may be harmed during a position closure, try to anticipate these situations.
13.3 Consistency rules: User agrees to abide by the consistency rules. In case of non-compliance, Amadeux will have the sole discretion to decide whether the user's account will be reset, and at which stage of the program such a reset will be made, based on when the non-compliance occurred.
● Daily profit limit: To promote responsible trading and avoid large risks, the user will not be able to make in a single day, more than 30% profit over target during the evaluation stages. This measure reinforces the daily loss rule by encouraging proper risk management, even when the account is in profit.
Example in Evaluation Stages: On an account with an initial balance of $100,000, let's assume that the profit target is 8% ($8,000). Therefore, the user will not be able to earn more than $2,400 in a single day during the current evaluation stage.
● Trading Volume and Quantity: Users must maintain a consistent volume and quantity of trades throughout their trading. Daily logging must be consistent with previous trades, allowing a margin of variation of between half and double the average daily volume.
Example: If a user trades with an average daily volume of 10 lots, future trades should be within the range of 5 to 20 lots per day. This rule prevents significant deviations and promotes stability in detrading style.
13.4 Consequences: If the customer engages in prohibited trading practices, Amadeux may:
● Consider it a breach of the terms of the 'Amadeux Challenge'.
● Terminate all services provided to the customer and cancel the agreement.
● Prohibit the customer from accessing the services and website.
● Take legal action in case of serious and continued breach of the policies, a serious breach will be considered a reputational attack, among others.
14. Retreats
First Withdrawal: Users will be able to withdraw profits from their funded account for the first time after 28 days from the first transaction they enter in their funded account. Thereafter, they may request a withdrawal every 14 days after the first transaction following the previous withdrawal.
Refund: When the customer makes the first withdrawal from his account, the payment he made to purchase the 'Amadeux Challenge' he has passed will be transferred to him.
Withdrawal methods: Withdrawals may be transferred, at the user's choice, to his bank account with FIAT money (e.g. EUR, USD...) or cryptocurrency wallet (BTC, ETH, USDT...) without commissions or withholdings by Amadeux.
Withdrawal times: Withdrawals are processed during office hours Monday through Friday from 9:00 am to 6:00 pm, with an estimated withdrawal time of less than 5 hours from receipt of the request. The time it takes for the transaction to be reflected in your account will depend on the payment method chosen and your bank.
| Method of Withdrawal | Estimated Processing Time |
|---|---|
| Bank transfer | From 0 to 5 business days, depending on the bank. |
| BTC payment | Approximately 30 minutes to 2 hours. |
| Payment USDT | Up to approximately 30 minutes, depending on the network used. |
| ETH Payment | -Approximately 1 to 5 minutes, depending on the transaction confirmations required by the blockchain. |
| Other cryptocurrencies | It will depend on the cryptocurrency chosen. |
15. Refund Policy
15.1 Termination Request: If the client wishes to terminate his/her account, he/she must send a request to [email protected] before starting the program within 14 days. This will result in loss of access to all services, including the trading platform.
16. Modifications to the Terms
Wereserve the right to modify these Terms at any time. Any changes will be posted on our website and, if they are significant, we will notify you directly. Your continued use of the Services following the posting of any modifications constitutes your acceptance of the modified Terms.
17. Governing Law and Jurisdiction
TheseTerms shall be governed by and construed in accordance with the laws of the United States. Any dispute arising in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of the United States.
18. Contact
Ifyou have any questions or concerns about these Terms of Service, please contact us at:Email: [email protected] Address: 224 W 35th St, Ste 500, Manhattan, NY 10001, United States of America.
