Inspire Funding Terms of Service
Inspire Funding is a proprietary trading firm dedicated to empowering traders to demonstrate their skills and potentially profit from their trading acumen. By accessing and utilising our services, you hereby agree to abide by the detailed Terms of Service outlined below:
1. Account Creation and Registration:
1.1. To commence your trading journey with Inspire Funding, traders are required to create an account through our platform by providing accurate and up-to-date personal information.
1.2. It is essential for traders to safeguard the confidentiality of their account login credentials and to be responsible for all activities conducted under their account.
1.3. Inspire Funding reserves the right to suspend or terminate any account at its discretion if fraudulent or unauthorized activities are suspected.
2. Trading Phases and Evaluation Process:
2.1. Traders associated with Inspire Funding will navigate through a meticulously designed two-phase evaluation process to demonstrate their trading proficiency.
2.2. Each evaluation phase will encompass specific profit targets that traders must meet proficiently to progress to the subsequent phase successfully.
2.3. Upon the successful completion of the evaluation phases, traders will become eligible to initiate trading activities on the FundedNext Account with a profit split of 80% based on their performance.
3. Profit Split Mechanisms and Add-On Features:
3.1. Traders who operate on the FundedNext Account will be entitled to a profit split of 80%, reflective of their trading performance.
3.2. Through the innovative scale-up program offered by Inspire Funding, traders can gain access to a remarkable profit share of 90% based on their trading efficiency and results.
3.3. For traders seeking an accelerated path to profitability, the exclusive add-on feature enables them to elevate their profit split to an impressive 95% from the inception of their trading journey with Inspire Funding.
4. Risk Management and Trade Prudence:
4.1. Trading in financial markets inherently carries risks, and traders must acknowledge that Inspire Funding is not liable for any financial losses or adversities experienced during their trading activities.
4.2. The responsibility for managing risk effectively, adhering to prudent trade practices, and implementing sound risk management strategies solely rests with the trader, guided by the risk management principles set forth by Inspire Funding.
5. Compliance, Regulations, and Legal Obligations:
5.1. Traders must rigorously adhere to all pertinent laws, regulations, and guidelines governing trading activities in their respective jurisdictions.
5.2. In instances where regulatory infractions occur or unlawful activities are detected, Inspire Funding retains the authority to terminate or suspend the account of the non-compliant trader, ensuring adherence to regulatory stipulations and ethical trading practices.
6. Trading Strategies, Performance Metrics, Consistency and Evaluation Criteria:
6.1. Traders are encouraged to conceive, implement, and refine their trading strategies while aligning with best practices and risk management protocols advocated by Inspire Funding to optimize their trading performance.
6.2. Inspire Funding may monitor, assess, and evaluate trader performance based on predefined performance metrics, evaluation criteria, and trading goals, fostering accountability and continual improvement in trading outcomes.
6.3. Inspire Trader and Premier Trader Evaluations:
- No Consistency Rule is applied.
6.4. Swift Trader Evaluations & Swift Funded:
- Emphasis on maintaining consistency and employing strategies that avoid speculative behavior.
- The Consistency Rule is set at 40%, meaning the profits from a single trading day should not exceed 40% of your total profits.
Example:
- If you are trading with a Swift Trader $100,000.00 Evaluation and achieve a profit of 10% or $10,000.00, a single day's profits should not surpass 40% of this amount, or $4,000.00. - This rule ensures consistency throughout the trader’s evaluation journey and supports steady progress on their Swift Trader account.
6.5. Consistency of Trading Strategies and Lot Sizes:
To protect Inspire Funding from undue risk, traders are required to maintain consistency in their trading strategies and lot sizes between the evaluation phase and the funded stage. While some variation in trading behavior is allowed, significant or exponential differences, such as drastically increasing lot sizes or changing strategies, will be subject to review.
Inspire Funding reserves the right to monitor trading activities and take corrective actions, including suspending or terminating the funded account, if it detects trading practices that deviate substantially from those used during the evaluation phase.
7. Access to Educational Resources, Tools, and Comprehensive Support:
7.1. Inspire Funding is committed to providing traders with unfettered access to a diverse range of educational resources, cutting-edge trading tools, and comprehensive support systems to enhance their trading acumen, knowledge base, and operational efficiency.
7.2. Traders are encouraged to leverage these resources and seek guidance, assistance, and feedback from our dedicated support team to navigate complex trading scenarios, enhance decision-making capabilities, and elevate trading performance.
8. Termination of Services, Account Closure, and Compliance Enforcement:
8.1. Inspire Funding reserves the prerogative to terminate or suspend its trading services for any trader found to be in contravention of our Terms of Service, engaging in prohibited activities, or violating ethical trading standards.
8.2. Traders retain the right to request the closure of their trading account at any juncture, contingent upon the completion of active trading activities and any outstanding obligations within the platform, ensuring a seamless transition and adherence to compliance and operational standards.
9. Modification of Terms, Privacy Policies, IP Address Monitoring, and Communication Channels
9.1. Inspire Funding reserves the right to revise, update, or modify these Terms of Service, privacy policies, and communication protocols at its discretion. Traders will be notified of any changes through multiple communication platforms, the Inspire Funding platform, or other designated communication channels.
9.2. IP Address Monitoring: Inspire Funding may monitor for suspicious IP address activity. If multiple IP addresses are associated with one account or there is hedging activity across accounts, it may be considered a violation of our policies.
9.3. Secure Trading Recommendations: Traders should use a single device with a unique IP address or consider using a Virtual Private Server (VPS) for faster and more secure trading.
9.4. Multiple IP Address Usage: Traders needing to use multiple IP addresses must notify Inspire Funding in advance for approval. The request, including account details and reason, will be reviewed, typically within 24 hours.
10. Intellectual Property Rights:
10.1. Inspire Funding retains all intellectual property rights related to its platform, services, proprietary trading algorithms, educational resources, and tools made available to traders.
10.2. Traders are prohibited from reproducing, modifying, distributing, or exploiting any intellectual property belonging to Inspire Funding without explicit consent.
11. Confidentiality and Data Protection:
11.1. Inspire Funding is committed to safeguarding the confidentiality of trader information and complying with data protection regulations.
11.2. Traders are responsible for maintaining the confidentiality of their account details and sensitive information to prevent unauthorized access or data breaches.
12. Communication and Notification:
12.1. Inspire Funding will communicate with traders through various channels, including email, notifications within the platform, and other designated communication channels.
12.2. Traders are responsible for regularly checking their messages, updates, announcements, and notifications to stay informed about platform changes, updates, and important details.
13. Dispute Resolution:
13.1. In the event of disputes or disagreements between Inspire Funding and traders, both parties agree to engage in good faith efforts to resolve disputes amicably.
13.2. If disputes cannot be resolved informally, both parties may pursue legal remedies in accordance with the laws governing the terms and conditions of the agreement.
14. Limitation of Liability:
14.1. Inspire Funding shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from trading activities, platform usage, or reliance on provided services.
14.2. Traders acknowledge and accept the inherent risks associated with trading and agree to indemnify and hold harmless Inspire Funding from any liabilities, losses, or damages incurred.
15. Governing Law and Jurisdiction:
15.1. These Terms of Service shall be governed by and construed in accordance with the laws of the jurisdiction in which Inspire Funding operates.
15.2. Any disputes arising out of or related to these Terms of Service shall be subject to the exclusive jurisdiction of the courts in the applicable jurisdiction.
16. Entire Agreement:
16.1. These Terms of Service constitute the entire agreement between Inspire Funding and traders, superseding any prior agreements, understandings, or arrangements.
16.2. Any modifications or amendments to these terms must be agreed upon in writing by both parties to be considered valid and enforceable.
In utilizing the pioneering services provided by Inspire Funding, traders signify their acknowledgment, acceptance, and adherence to the comprehensive Terms of Service outlined herein. Should you harbor any queries, concerns, or necessitate further elucidation on any aspect of our services or terms, feel free to engage our responsive and dedicated support team for comprehensive assistance. We appreciate your decision to embark on the trading journey with Inspire Funding and are committed to empowering traders with the requisite tools, resources, and platform to flourish and succeed in the dynamic realm of proprietary trading. Thank you for choosing Inspire Funding as your trusted partner in trading excellence.
Contact Us
If you have any questions, concerns, or requests regarding this Terms of Service, please contact us at support@inspire-funding.com. We will do our best to address and resolve any concerns you may have.
This Terms of Service was last updated on 06/14/2024.
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