Effective Date: October 19, 2025
Preamble:
This document constitutes a legally binding agreement. By registering and purchasing a service from Verso Prop Firm (a company registered as Verso Digital Market OÜ, hereinafter the “Company,” “we,” “us”), the Client (hereinafter “you”) agrees to comply with these Terms and Conditions (the “Agreement”). If you do not agree with any part of this Agreement, you must not use our services.
1. The Services and Their Nature
1.1 Service Provider: Verso Digital Market OÜ, a company registered in Estonia, is the provider of the services offered on our platform.
1.2 Service Description: The Company provides access to a simulated trading platform with virtual capital. This service does NOT constitute a real investment account, does not constitute professional financial advice, and does not imply regulated financial brokerage. The Client acknowledges that all trades are executed with fictitious capital within the platform.
1.3 License to Use: We grant you a limited, non-exclusive, non-transferable, and revocable license to use our services solely for personal, non-commercial purposes. This license is granted for the term of this Agreement and is subject to all of its provisions.
2. Registration and Client Account
2.1 Single Account: Each Client may register only ONE (1) account on the platform. Creating multiple accounts by the same Client may result in the cancellation of all associated services without the right to a refund.
2.2 Accuracy of Information: The Client agrees to provide truthful, complete, and up-to-date information at all times during the life of the account. The Company reserves the right to request supporting documentation at any time.
2.3 Account Security: The Client is solely responsible for maintaining the confidentiality of their access credentials (username, password, codes, etc.) and for all activity carried out under their account. Any activity performed with your access data will be deemed to have been performed by you. You must immediately notify the Company of any unauthorized use of your account or suspected security breach.
3. Purchase Process and Fees
3.1 Fees: The price charged is a one-time payment for access to the selected service. There are no recurring charges or hidden fees unless otherwise specified for the purchased product.
3.2 Payment Methods: By providing a valid payment method, the Client confirms that they are authorized to use it and agrees that the Company may charge the corresponding fee. We reserve the right to refuse any transaction suspected of fraud or unauthorized use.
3.3 Refund Policy: The fee paid is NON-REFUNDABLE, except as specified in this Agreement. 5-Day Money-Back Guarantee: We offer a guarantee period of up to 5 calendar days from account activation. During this period, the Client may request a full refund provided the account has not been used in any way (i.e., no trades executed and no other services or benefits accessed). To request a refund, the Client must contact our support team within the first 5 days following the purchase. After this period, or if any use of the account is detected, no refund will be issued. The support team will verify the status of the account and, if applicable, process the refund.
4. Products and Trading Programs
4.1 Two-Phase Challenge: A challenge program consisting of two trading evaluation stages before accessing a funded account.
4.2 One-Phase Challenge: A single trading challenge that, upon being passed, grants direct access to a funded account.
4.3 Instant Funding: Immediate access to a funded account without prior evaluation stages, subject to the specific rules of this program.
4.4 Account Sizes: Funded accounts are available in the following virtual capital sizes: 5k, 10k, 15k, 25k, 50k, 100k, 200k and 300k. Each account type has specific rules published on our website, which are incorporated into this Agreement by reference.
5. Objective Trading Rules
5.1 Maximum Loss (Max Drawdown): The Client may not lose more than the maximum amount allowed relative to the account’s capital. Exceeding this limit results in the immediate cancellation of the funded account with no refund.
5.2 Daily Loss Limit (Daily Drawdown): A maximum daily loss is established. If the Client exceeds this limit in a single trading day, the account will be canceled immediately and all profits for that day will be voided.
5.3 Minimum Trading Days: For a day to count as active, the Client must open at least one trade that day. Trading on a minimum number of days, as specified in the program rules, is mandatory.
5.4 Maximum Inconsistency Score (20%): Each account has a maximum permitted “inconsistency score” (by default, 20%). Exceeding this score will result in a temporary suspension of the ability to withdraw funds until the Client restores the required level through appropriate trading.
5.5 News Trading: Trading during news events is regulated: in challenges (evaluations) news trading is allowed unless specifically indicated otherwise, but in Instant Funding it is prohibited to open or close trades from 5 minutes before to 5 minutes after high-impact news. Breaching this rule may invalidate profits and lead to account closure.
5.6 Inactivity: If the account records no trades for thirty (30) consecutive days, it may be permanently closed for inactivity.
6. Prohibited Trading Practices (Unacceptable Conduct)
Engaging in any of the following practices will result in the immediate cancellation of the funded account with no right to a refund:
6.1 Exploitation of Errors: Any attempt to exploit system errors, latency arbitrage, technical failures, or temporary price discrepancies.
6.2 Coordinated or Copied Trading: Includes account swapping among traders, copying signals or strategies identically (e.g., “Signal Copy”), or hiring third-party services to pass the challenge.
6.3 Unauthorized EAs/Proxies: The use of unauthorized automated bots is prohibited, especially those based on extreme tick arbitrage, martingale, hedging between the Firm’s accounts, or non-genuine trading systems.
6.4 Single Strategy: If multiple clients use identical strategies (e.g., exactly the same algorithmic configurations), the Company reserves the right to cancel the accounts involved.
6.5 Extreme Risk Patterns: Trades of disproportionate size relative to the account or positions involving extreme risk (such as risking all capital on a single trade) are prohibited.
6.6 Use of VPN or Proxies: Concealing identity or real location via VPNs, proxies, or any other similar means is strictly prohibited.
6.7 Collusion: Any coordinated attempt by two or more persons to manipulate account results (e.g., coordinating market entries/exits) is strictly prohibited.
7. Company’s Right to Intervene
7.1 Monitoring: The Company reserves the right to monitor all trading activity at any time to ensure compliance with this Agreement.
7.2 Determinations Regarding Anomalous Conduct: If the Company determines that trading activity is not genuine or entails risks (e.g., suspicious patterns or exploitation of the simulated environment), it may suspend the account, void generated profits, and terminate this Agreement.
7.3 Examples of Sanctionable Behaviors: Including, without limitation, price arbitrage across different markets, exploiting vulnerabilities in the simulated trading system, or any artificial manipulation of trading patterns.
7.4 Final Decision: The Company’s determination under this clause is final and binding. The Client agrees that there will be no further appeals by the Company.
8. Identity Verification (KYC)
8.1 Mandatory KYC: Before processing the first payment, the Client must successfully complete the identity verification process (Know Your Customer, “KYC”).
8.2 Compliance: KYC verification is a mandatory requirement to process payments and prevent illicit activities. The Client agrees to cooperate by providing all required documents.
8.3 Periodic Reviews: The Company may request additional KYC reviews periodically or at any time it deems necessary to maintain security and regulatory compliance.
9. Anti–Money Laundering (AML) Policy
9.1 Commitment: The Company strictly complies with applicable anti–money laundering and counter-terrorist financing laws in all relevant jurisdictions.
9.2 Source of Funds: By making payments or receiving benefits, the Client declares that the funds originate from legitimate sources and are not related to illicit activities.
9.3 Verification and Monitoring: The Company applies KYC processes and continuously monitors transactions to detect suspicious patterns that could indicate money laundering.
9.4 Permitted Transactions: All transactions must be made in the Client’s name; payments to or withdrawals by unrelated third parties are prohibited. The Company reserves the right to reject any transaction that violates this rule.
9.5 Reporting: If suspicious activity is detected, the Company may suspend or cancel the account and report such activity to the competent authorities without prior notice to the Client.
10. Performance Rewards (Profit Share) and Payments
10.1 Requirements: Profit-share rewards are paid only to funded accounts that have available funds and no outstanding violations on their records.
10.2 Participation Structure: Participation in the profits generated by the account follows this structure:
- 80% of initial profits to the Client.
- 90% after 3 consecutive profitable months and at least 2 successful withdrawals completed.
- 95% from the start by paying an additional fee (details available in the selected plan).
10.3 Evaluation Fee Reimbursement: For challenge products (trading challenges), the evaluation fee will be fully reimbursed to the Client with the first profit withdrawal made.
10.4 Payment Process: To process withdrawals, the Client must issue an invoice to the Company. Once a valid invoice is received, payments are processed within 5 to 10 business days.
10.5 Taxes: The Client is solely responsible for declaring and paying taxes corresponding to the profits received, in accordance with the tax laws applicable in their jurisdiction.
11. Intellectual Property
11.1 Protected Content: All platform content, including software, designs, texts, images, trademarks, logos, graphics, videos, audio elements, and any other materials, is the exclusive property of Verso Digital Market OÜ or is used under the appropriate licenses. The Company protects its copyrights, industrial property, and other intellectual property rights over such content.
11.2 Unauthorized Use: Reproduction, distribution, modification, public display, or any other unauthorized use of platform content is strictly prohibited. Any misuse of our intellectual property may give rise to legal action.
11.3 IBs and Associates: The Company collaborates with associates and referrals (Introducing Brokers, “IBs”) who promote our services. These collaborators must fully align with our internal policies and respect the Company’s ecosystem and philosophy. IBs are prohibited from infringing the Company’s intellectual property or misusing our materials. Any violation of these policies by an IB will result in immediate termination of the collaboration and corresponding legal action.
12. Communications
The Client agrees to receive electronic communications from the Company, including account notifications, product updates, and promotional materials. These communications will be sent to the registered email address or through the platform itself. The Client may unsubscribe from marketing communications at any time via the opt-out link provided in the communications received or by contacting support.
13. Limitation of Liability
Maximum Liability: To the extent permitted by applicable law, the Company’s total liability under this Agreement is strictly limited to the total amount the Client has paid for the contracted service. In no event shall the Company be liable for indirect losses, loss of profits, consequential damages, or other economic losses resulting from the use or inability to use the services.
14. Indemnification
14.1 Protection of the Company: The Client agrees to indemnify, defend, and hold harmless the Company and its affiliates, directors, employees, and agents from any claim, demand, liability, damage, loss, or expense (including reasonable legal fees) arising out of or related to their use of the platform, breach of this Agreement, or violation of any law or third-party rights.
15. Amendments to the Agreement
15.1 Changes Without Notice: The Company reserves the right to amend these Terms and Conditions or the trading program rules at any time and without prior notice. Amendments will be posted on our website.
15.2 Acceptance of Changes: Continued use of the services after any amendment constitutes the Client’s acceptance of the new conditions. It is recommended to review this Agreement periodically to stay informed of any changes.
16. Force Majeure
The Company shall not be liable for any delay, suspension, or interruption of service caused by circumstances beyond its reasonable control, including but not limited to technical failures, acts of war, civil unrest, pandemics, natural disasters, strikes, or labor disputes.
17. Termination of the Agreement
The Company may terminate this Agreement and immediately cancel the Client’s account if it determines that the Client has breached any of the provisions set forth herein, especially in cases of prohibited practices or fraud. Termination does not relieve the Client of outstanding obligations, nor does it grant any right to a refund.
18. Governing Law and Jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of the Republic of Estonia. Any controversy or dispute related to this Agreement shall be submitted to the exclusive jurisdiction of the competent courts of Harju, Estonia, with the parties waiving any other forum that may correspond to them by reason of their present or future domicile.
19. General Provisions
19.1 Entire Agreement: This document constitutes the entire agreement between the Client and the Company regarding its subject matter and supersedes any prior verbal or written agreements.
19.2 Severability: If any provision of this Agreement is found to be invalid or unenforceable by a court, the remaining provisions shall remain in full force and effect.
19.3 Official Language: In the event of discrepancies between versions of this Agreement in different languages, the English version shall prevail. The Spanish version provided here is for informational convenience.
19.4 No Guarantee of Profits: The Client acknowledges that past results do not guarantee future returns in trading. Individual results may vary and depend on the trader’s skill.
20. Legal Compliance and Responsible Use
20.1 Regulatory Compliance: The Company is committed to complying with all applicable laws and regulations in the jurisdictions where we operate.
20.2 Responsible Use: The user must use the platform responsibly and lawfully, refraining from fraudulent, illegal, or abusive activities.
20.3 Irregularity Detection: Our system is designed to detect atypical or automated activity (such as the use of unauthorized bots or scripts).
20.4 Assessment of Suspicions: Upon detecting suspicious activities, the Company will assess the account and, if necessary, automatically suspend it in accordance with our responsible use policy.
21. Anti-Phishing Measures
21.1 Security Measures: We have implemented strict security measures to protect our users against phishing or identity theft attempts.
21.2 Staff Identification: All our support and customer service operators are identified with a unique code.
21.3 Official Channels: Through the official communication channels available on our website, the user can verify at any time that the person they are interacting with is part of our team and has the corresponding code.
21.4 Requests for Information: Under no circumstances will confidential information (such as passwords, personal codes, or banking data) be requested through unofficial or insecure means.
22. Profit Participation (for Collaborators)
22.1 Referral Commissions: We offer our collaborators and affiliates a share in the profits generated by services contracted by the clients they refer. The participation percentage ranges between 90% and 100% of the net profits generated.
22.2 Variable Factors: The commission percentage may vary based on several factors, including:
- Consistency in trading volume.
- Type of plan or package contracted by referred clients.
- Purchase of additional services (e.g., extensions or upgrades).
- Other criteria established by the Company.
22.3 Incentive: This scheme is designed to reward the loyalty and performance of affiliates, motivating them to achieve higher goals and maintain a high business volume.
23. Affiliate Program
23.1 Unique Affiliate Code: Each affiliate receives a unique affiliate code that allows identification of all generated referrals. This code must be used by referred users upon registration or when contracting our services, facilitating tracking and calculation of commissions.
23.2 Commission Structure: Affiliates will receive a base commission that ranges between 90% and 100% of the profits obtained from the operations or services of the clients they have referred. This percentage may increase depending on the affiliate’s activity, consistency in business volume, and other incentives defined by the Company.
23.3 Registration and Conduct: All affiliates must formally register in the program and strictly comply with our internal policies, maintaining consistency with the Company’s philosophy and values. The use of deceptive practices, spam, or other illegal conduct to generate referrals is strictly prohibited.
23.4 Verification and Sanctions: The Company reserves the right to verify at any time the affiliate’s identity, the accuracy of reported referrals, and compliance with the program’s conditions. Any violation of these conditions will result in the immediate revocation of the affiliation and of commissions pending payment.