Effective Date: September 26, 2025
Preamble
This document constitutes a legally binding agreement. By registering and purchasing a service from Verso Prop Firm, a company registered by Verso Digital Market OÜ (‘the Company’, “we”), you (‘the Client’, ‘the Trader’) agree to comply with these Terms and Conditions (‘the Agreement’). If you do not agree with any part of this Agreement, you should not use our services.
1. Services and Their Nature
1.1. Service Provider: Verso Digital Market OÜ, a company registered in Estonia.
1.2. Service Description: We provide access to a simulated trading platform with virtual capital. This service does not constitute a real investment account or financial advice, and does not involve regulated financial intermediation.
1.3. License of Use: We grant you a limited, non-exclusive, non-transferable, and revocable license to use our services for personal and non-commercial purposes, in accordance with this Agreement.
2. Registration and Client Account
2.1. Single Account: Each Client may register only one account. Creating multiple accounts may result in termination of all related services.
2.2. Accuracy of Information: The Client agrees to provide true, complete, and updated information at all times.
2.3. Account Security: The Client is solely responsible for maintaining the confidentiality of login credentials and all activity under their account.
3. Purchase Process and Fees
3.1. Fees: The fee paid is a one-time access fee for the selected service.
3.2. Payment Methods: By providing a payment method, the Client confirms authorization to use it.
3.3. Refund Policy: Fees are non-refundable, except for the Evaluation Fee Refund (Clause 10.3). If no trading activity has been initiated (no trades opened), the Client may request a refund within 24 hours of purchase.
4. Products and Trading Programs
4.1. Two-Phase Challenge.
4.2. One-Phase Challenge.
4.3. Instant Funding.
4.4. Account Sizes: Available in 5k, 10k, 15k, 25k, 50k, 100k, and 200k. Specific rules for each product are published on our website and incorporated herein by reference.
5. Objective Trading Rules
5.1. Maximum Loss (Max Drawdown): Breach results in immediate termination.
5.2. Daily Loss Limit (Daily Drawdown): Breach results in immediate termination.
5.3. Minimum Trading Days: At least one trade must be opened for a day to count.
5.4. Maximum Inconsistency Score (20%): Exceeding this suspends withdrawal eligibility until corrected.
5.5. News Trading: Allowed in Challenges. Prohibited in Instant Funding (5 minutes before/after high-impact news). Breach may void profits and lead to account closure.
5.6. Inactivity: Accounts with no trading activity for 30 consecutive days may be permanently closed.
6. Prohibited Trading Practices (Unacceptable Conduct)
Engaging in the following practices will result in immediate account termination without refund:
6.1. Exploitation of Errors: Including latency arbitrage, technical failures, or price discrepancies.
6.2. Coordinated or Copied Trading: Account sharing, identical signal copying, or use of “challenge passing” services.
6.3. Prohibited EAs: Arbitrage bots, extreme tick scalping, martingale, hedging across Firm accounts, or non-genuine systems.
6.4. Strategy Uniqueness: The Firm reserves the right to cancel accounts using identical strategies among Clients.
6.5. Extreme Risk Patterns: Disproportionate trades or “all-in” positions.
6.6. VPNs or Proxies: Use to conceal identity or location is strictly prohibited.
6.7. Collusion: Any coordinated attempt to manipulate outcomes is strictly prohibited.
7. Firm’s Right to Intervene
7.1. The Firm reserves the right to monitor all trading activity at any time.
7.2. If the Firm determines that activity is non-genuine or poses risk, it may suspend the account, void profits, or terminate this Agreement.
7.3. Examples include arbitrage, exploitation of simulated environment vulnerabilities, or manipulative trading patterns.
7.4. The Firm’s decision under this clause is final and binding.
8. Identity Verification (KYC)
8.1. Before the first payout, the Client must successfully complete the KYC process.
8.2. This is a mandatory requirement for processing payments and ensuring compliance.
8.3. The Firm may request additional KYC reviews periodically.
9. Anti-Money Laundering (AML) Policy
9.1. Commitment: The Firm complies with all applicable anti-money laundering and counter-terrorism financing laws.
9.2. Source of Funds: The Client declares that funds used for purchases come from legitimate sources.
9.3. Verification and Monitoring: The Firm applies KYC processes and monitors transactions to detect suspicious patterns.
9.4. Prohibited Transactions: Payments from or withdrawals to third parties are not permitted. All transactions must be in the Client’s name.
9.5. Reporting: The Firm reserves the right to suspend/terminate accounts and report suspicious activity to competent authorities without prior notice.
10. Performance Rewards (Profit Split) and Payouts
10.1. Eligibility: Rewards are paid only from funded accounts without active violations.
10.2. Structure:
- 80% initial profit share.
- 90% after 3 profitable months and 2 successful withdrawals.
- 95% from the start with an additional fee.
10.3. Evaluation Fee Refund: For Challenge products, the fee will be refunded in full with the first profit withdrawal.
10.4. Payment Process: The Client must issue an invoice to process withdrawals. Payments are processed within 5–10 business days.
10.5. Taxes: The Client is solely responsible for declaring and paying taxes in their jurisdiction.
11. Intellectual Property
11.1. All Firm content, software, and trademarks are the exclusive property of Verso Digital Market OÜ.
11.2. The Client grants the Firm a worldwide, royalty-free license to use trading data anonymously for research and marketing purposes.
12. Communications
The Client agrees to receive electronic communications from the Firm, including account notifications, updates, and marketing materials (with opt-out available).
13. Limitation of Liability
The Firm’s maximum liability under this Agreement is strictly limited to the amount paid by the Client for the service.
14. Indemnification
The Client agrees to indemnify and hold harmless the Firm from any claims or damages arising from a breach of this Agreement.
15. Modifications to Agreement
The Firm reserves the right to modify these Terms or program rules with prior notice. Continued use of services constitutes acceptance of such modifications.
16. Force Majeure
The Firm shall not be liable for delays or service interruptions caused by circumstances beyond its reasonable control, including technical failures, wars, pandemics, or natural disasters.
17. Termination of Agreement
The Firm may terminate this Agreement immediately if the Client breaches any of its clauses.
18. Governing Law and Jurisdiction
This Agreement shall be governed by the laws of the Republic of Estonia. All disputes shall be resolved exclusively in the competent courts of Harju, Estonia.
19. General Provisions
19.1. Entire Agreement: This document constitutes the full agreement between the Client and the Firm.
19.2. Severability: If any clause is deemed invalid, the remaining provisions remain enforceable.
19.3. Official Language: In case of discrepancies between translations, the English version shall prevail.
19.4. No Guarantee of Profits: Past results do not guarantee future performance.