Therms and conditions agreement

1. ACCEPTANCE OF TERMS

These Terms and Conditions ("Terms") govern access to and use of all services, platforms, systems, software, websites, dashboards, trading environments, challenges, evaluations, simulated accounts, funded accounts, affiliate programs and any other products or services offered by BELIVE PROP TECHNOLOGIES LTD, a company duly incorporated under the laws of England and Wales, with its registered office at 128 City Road, London EC1V 2NX, United Kingdom ("Belive Prop", the "Company", "we", "us", or "our").

By creating an account, purchasing any product, accessing the Platform, participating in any evaluation, operating any account, or using any Service provided by Belive Prop in any manner whatsoever, the individual user ("Trader", "you", or "your") expressly acknowledges that they have read, understood and agreed to be legally bound by these Terms, together with all policies, rules, guidelines, disclosures and documents referenced herein or made available through the Services, all of which are incorporated by reference.

If you do not agree with these Terms in their entirety, you are strictly prohibited from accessing or using any Belive Prop Services and must immediately discontinue all use.

2. NATURE OF THE BELIVE PROP PROGRAM

Belive Prop provides access to simulated trading environments designed exclusively for evaluation, training and performance assessment purposes. All trading activities conducted within Belive Prop programs occur solely in simulated environments intended to replicate certain market conditions and trading dynamics, without constituting actual participation in live financial markets.

The Services are offered as part of an educational and evaluative program and do not involve the offering, execution or facilitation of real-market trading, investment products or regulated financial activities.

2.1 No Brokerage, No Investment Services Belive Prop is not a broker-dealer, investment firm, financial advisor, portfolio manager, custodian or provider of regulated investment services to the public. Belive Prop does not accept, receive, safeguard or hold client funds, does not execute trades in live financial markets on behalf of Traders, and does not provide investment advice, trading recommendations, portfolio management or financial guidance of any kind.

Participation in Belive Prop programs does not involve the provision of financial products, securities, derivatives, investment contracts or regulated investment services under applicable laws or regulations.

2.2 No Investment Advice or Recommendations Belive Prop does not provide investment advice, trading recommendations, signals, strategies, opinions or guidance of any kind. No information, content, communication, educational material, support response, dashboard message, marketing material or statement made by Belive Prop, its employees, contractors, partners or representatives shall be construed as investment advice, financial guidance or a recommendation to trade.

All trading decisions are made solely and independently by the Trader, at their own discretion and risk, and the Trader remains fully responsible for all actions taken within the Services.

3. DEFINITIONS

For purposes of these Terms and Conditions, the following definitions shall apply:

"Challenge Account" means a simulated evaluation account made available solely for the purpose of assessing a Trader's trading performance, discipline, consistency, risk management and compliance with predefined trading rules and parameters. A Challenge Account is used exclusively as an evaluation tool and does not involve real capital, live market execution or any entitlement to funding, profits or compensation, except as expressly provided under these Terms.
"Funded Account" means a simulated trading account granted to a Trader following the successful completion of the applicable Challenge Account requirements and subject to continued compliance with all applicable Terms, trading rules, risk parameters and operational conditions established by Belive Prop. A Funded Account does not involve the Trader trading, owning, managing or being allocated real capital and does not constitute participation in live financial markets or regulated investment activities.
"Services" means all products, programs, services, evaluations, simulated accounts, funded accounts, platforms, dashboards, tools, features, content, software, analytics, payout mechanisms, educational materials and any related functionalities provided by Belive Prop, whether directly or through authorized third-party technology providers.
"Platform" means the authorized trading platform(s) designated by Belive Prop, together with any associated dashboards, interfaces, systems, execution simulators, data feeds, software, servers or technological infrastructure used to access and operate the Services.
"Prohibited Conduct" means any behavior, action, omission, trading practice, strategy or activity that is expressly prohibited under these Terms, the General Information and Guidelines or any related policy, including but not limited to those described in Section 9 of this Agreement of these Terms, as determined by Belive Prop acting reasonably and in good faith.

4. SERVICES

4.1 Simulated Evaluation Program Belive Prop provides access to simulated trading evaluation programs ("Challenge Accounts") designed exclusively for the assessment of a Trader's discipline, consistency, risk management and compliance with predefined trading rules and parameters. All evaluations are conducted strictly within a simulated trading environment. Participation in a Challenge Account or any subsequent Funded Account does not involve the allocation, ownership, control or trading of real capital by the Trader and does not constitute participation in live financial markets.

Successful completion of a Challenge Account may qualify the Trader for access to a Funded Account, subject to ongoing compliance with these Terms and Belive Prop's sole and discretionary approval. No approval, continuation or payout is guaranteed.

4.2 Access to Services and Platform The Trader may access the Services by completing the registration and purchase process through Belive Prop's official website, currently available at www.beliveprop.com, or through an authorised platform designated by Belive Prop. Upon successful registration and payment, Belive Prop will provide the Trader with access credentials to the dashboard and simulated trading environment.

The scope of the Services may vary depending on the selected evaluation model, account size or program, and may include performance metrics, dashboards, analytical tools and educational resources, as determined by Belive Prop. Belive Prop reserves the right to modify, restrict, suspend or discontinue any aspect of the Services or Platform at any time, acting reasonably and in good faith.

4.3 Account Specifications and Pricing Belive Prop offers simulated Challenge Accounts with predefined parameters for evaluation and performance assessment purposes only. Available evaluation models include:

Starter Plan (One-Phase Evaluation)
Pro Plan (Two-Phase Evaluation)

Each plan is offered with different nominal account sizes and corresponding fees, as disclosed on the Company's website or Trader Dashboard at the time of purchase. All account specifications - including profit targets, drawdown limits, leverage, exposure limits, trading rules and applicable parameters are disclosed prior to purchase and form an integral part of these Terms.

All fees grant the Trader a limited right to participate in a simulated evaluation program only. Fees do not represent deposits, investments, margin, ownership of funds or entitlement to capital. Belive Prop reserves the right to adjust account specifications, pricing, available plans or program structures prospectively.

4.4 Fees and No-Refund Policy All fees paid to Belive Prop are final, non-refundable, non-transferable and non-creditable under all circumstances whatsoever. No refunds, reversals, credits or compensation will be issued for any reason, including but not limited to failure to meet evaluation objectives, account termination, rule violations, voluntary discontinuation, technical issues or changes in personal circumstances.

If the Trader initiates or attempts any chargeback, payment dispute or reversal through a bank, card issuer or payment service provider, Belive Prop reserves the right, at its sole discretion, to immediately terminate all accounts, forfeit any simulated profits or rewards, permanently ban the Trader from all Services, pursue legal remedies and recover all associated costs, fees and damages.

4.5 Technical Requirements and Platform Access The Trader acknowledges that access to the Services requires appropriate technical equipment, internet connectivity and, where applicable, third-party software, all of which are obtained and maintained at the Trader's sole risk and expense. Belive Prop does not guarantee compatibility with any specific hardware, software, operating system or internet configuration. The Trader assumes full responsibility for ensuring technical compatibility and access.

4.6 Responsible Trading Conduct Belive Prop promotes responsible, disciplined and professional trading behavior within its simulated evaluation environment. If the Trader engages in behaviour that, in Belive Prop's reasonable discretion, is inconsistent with responsible participation, abusive to the evaluation framework or indicative of Prohibited Conduct, Belive Prop reserves the right to suspend, restrict or terminate access to the Services, invalidate trading activity, forfeit simulated profits or permanently exclude the Trader from participation. Belive Prop reserves the right to take any action it deems appropriate to protect the integrity, sustainability and educational purpose of its simulated trading programs.

5. ELIGIBILITY

5.1 Minimum Age Requirement The Trader represents and warrants that they are at least eighteen (18) years of age at the time of registration and use of the Services. In jurisdictions where the minimum legal age for participation in simulated trading programs exceeds eighteen (18) years, the Trader further represents and warrants that they meet such higher minimum age requirement. If the Trader does not meet the applicable minimum age requirement, access to and use of the Services is strictly prohibited, regardless of any consent purportedly provided by a parent, legal guardian or third party.

5.2 Legal Capacity and Personal Eligibility The Trader represents and warrants that they have full legal capacity, authority and competence to enter these Terms and to participate in the Services. The Trader further represents and warrants that they:

have not been convicted of any felony, financial crime, fraud, money laundering offence or similar criminal conduct.
have not been sanctioned, suspended or disciplined by any financial, regulatory or supervisory authority.
are not subject to any court order, regulatory action, trading ban or legal restriction that would prohibit or limit participation in simulated trading activities; and
are not currently subject to insolvency, bankruptcy, judicial recovery, liquidation or similar proceedings under any applicable law.

If any of the above representations are inaccurate or become inaccurate at any time, the Trader is not eligible to use the Services.

5.3 Compliance with Applicable Laws The Trader is solely responsible for ensuring that their access to and use of the Services complies with all applicable laws, regulations and legal requirements in their country of residence, domicile or location from which the Services are accessed. Access to the Services is void where prohibited by law or where the offering, use or provision of the Services would conflict with any applicable legal or regulatory requirement. Belive Prop does not represent or warrant that the Services are lawful, suitable or available in all jurisdictions. Participation in the Services is undertaken at the Trader's sole initiative and risk.

5.4 Sanctions, Restricted Persons and Jurisdictions The Trader represents and warrants that they are not listed on, controlled by, or acting on behalf of any individual or entity subject to economic sanctions, trade restrictions or embargoes imposed by the United Kingdom, the European Union, the United Nations, the United States or any other applicable authority. The Trader further represents and warrants that they are not ordinarily resident in, located in, or accessing the Services from any jurisdiction subject to comprehensive sanctions or restrictions, and are not acting on behalf of any sanctioned government, authority or entity.

Belive Prop reserves the right to restrict, suspend or terminate access to the Services at any time if continued participation would expose the Company to regulatory, legal, compliance or sanctions-related risk.

5.5 Ongoing Eligibility The eligibility requirements set forth in this Section apply on a continuous basis throughout the Trader's relationship with Belive Prop. The Trader agrees to promptly notify Belive Prop of any change in circumstances that may affect their eligibility. Belive Prop reserves the right, at its sole discretion, to suspend, restrict or terminate any account if eligibility requirements are no longer met or if any representation made by the Trader is found to be inaccurate or misleading.

6. CONTENT, INFORMATION AND RISK DISCLAIMERS

All content, information, materials, data, metrics, examples, simulations, educational resources, communications and any other materials made available through the Services are provided strictly on an "as is" and "as available" basis, without any representations, warranties or guarantees of any kind, whether express, implied, statutory or otherwise, including, without limitation, warranties of accuracy, completeness, reliability, timeliness, merchantability, fitness for a particular purpose, title or non-infringement.

Belive Prop does not represent or warrant that any content is accurate, complete, current or suitable for any specific purpose and expressly disclaims any liability arising from reliance placed on such content by the Trader or any third party. All content is provided solely for general informational and educational purposes and is not prepared about any individual investment objectives, financial situation, risk tolerance or personal circumstances.

6.1 Risk Acknowledgement - Simulated Trading The Trader expressly acknowledges and agrees that trading activities, even when conducted in simulated environments, involve inherent risk, uncertainty and variability. Past performance, simulated results, hypothetical outcomes or illustrative examples are not indicative of future performance and do not guarantee any specific trading result. No representation, warranty or assurance is made that any Trader will achieve profits, avoid losses, qualify for a Funded Account, receive payouts or replicate any results displayed, discussed or implied within the Services.

The Trader further acknowledges that simulated trading environments may not accurately reflect real market conditions, including but not limited to liquidity, order execution dynamics, pricing behaviour, volatility, latency, slippage, spreads, financing costs or risk exposure. Certain market factors may be under-represented or over-represented in simulation, and actual live market trading may produce materially different results.

By participating in the Services, the Trader voluntarily assumes all risks associated with simulated trading activities and agrees that Belive Prop shall not be liable for any losses, missed opportunities, performance outcomes or decisions made based on simulated data, content or results.

7. TRADING RULES AND SPECIFICATIONS

All Traders must strictly comply with the trading rules, risk limits and operational parameters set forth in this Section. These rules are mandatory, apply to all account types unless expressly stated otherwise, and are continuously monitored in real time. Failure to comply with any rule contained herein results in permanent account closure, without refund, compensation or right of appeal.

7.1 Trading Hours, Overnight and Weekend Positions All trading activity is governed by the official market hours of each instrument, as determined by the Platform server time, which shall prevail in all circumstances.

Challenge / Evaluation Accounts Traders using Challenge Accounts or Evaluation Accounts are allowed to always keep their positions open. This includes holding overnight positions, swing trades, and positions during market closures or over weekends, no matter if the market is temporarily closed. The Trader expressly acknowledges and accepts all risks associated with holding positions during market closure periods, including, without limitation, opening gaps, reduced liquidity, increased volatility, spread widening, and price discontinuities upon market reopening. Belive Prop bears no responsibility for any losses, drawdown violations, or account outcomes resulting from holding positions overnight, swing trading, or during weekends in Challenge Accounts or Evaluation Accounts.

Funded Accounts Traders using Funded Accounts are authorised to maintain positions overnight, contingent upon their ongoing adherence to all relevant trading rules, risk limits, drawdown thresholds, and operational parameters. However, Traders operating Funded Accounts are strictly prohibited from holding any open positions over the weekend. All positions must be fully closed prior to the weekly market close, as determined by the Platform server time.

For operational clarity, Traders must ensure that all positions are fully closed no later than 21:30 (UTC) on Friday, which is equivalent to 18:30 (BRT - Brasília Time), or earlier if required by the Platform server's weekly market close, with the Platform server time always prevailing in the event of any discrepancy. Holding any position open beyond the weekly market close constitutes a material breach of these Terms and results in immediate and permanent account termination, forfeiture of all simulated profits, and termination of the contractual relationship, without refund or compensation.

7.2 News Trading Restrictions Trading is prohibited during high-impact economic news events on the affected instruments. The restriction window applies ten (10) minutes before and ten (10) minutes after the release of high-impact events marked in red on the official Forex Factory economic calendar, including but not limited to FOMC decisions and statements, CPI, NFP, PMI, PPI, ADP, PCE and major central bank announcements.

During the restricted window, the Trader is strictly prohibited from opening new positions or placing, modifying or cancelling any orders on the affected instruments. Positions opened prior to the restricted window may remain open, and only orders placed before the start of the restricted window may be passively executed. Trading activity may only resume normally after the full restriction period has elapsed. Any breach of this rule constitutes a material violation of these Terms and may result in immediate account termination.

7.3 Drawdown Management and Risk Limits Belive Prop applies a strict and transparent risk control framework designed to promote discipline, consistency and capital protection. All drawdown limits are monitored in real time and consider both open and closed positions, including all applicable trading costs.

Daily Drawdown (Daily DD - 3%) The Daily Drawdown represents the maximum loss allowed within a single trading day. The Daily Drawdown resets daily at 00:00 UTC. At the reset time, the higher value between account balance and account equity becomes the reference equity for the day. If, at any moment during the trading day, the account equity declines by 3% or more relative to the reference equity of the day, the Daily Drawdown limit is violated, and the account is permanently closed.

Example - Daily Drawdown (3%)

At daily reset:
Balance: USD 105,000
Equity: USD 107,000
Reference equity: USD 107,000
Daily DD (3%): USD 3,210
Minimum allowed equity for the day: USD 103,790
If account equity reaches or falls below USD 103,790 at any time during the day, the account is closed.

Global Drawdown (DD Global) The Global Drawdown represents the maximum cumulative loss allowed over the entire lifetime of the account. The Global Drawdown is calculated based on the initial account capital, is not reset, and defines the minimum equity level the account may reach at any time.

Starter Plan: 6% Global Drawdown
Pro Plan: 10% Global Drawdown (applies equally to Phase 1 and Phase 2)

If, at any moment, account equity reaches or falls below the Global Drawdown limit, the account is permanently closed.

Example - Global Drawdown (Starter Plan - 6%)

Initial capital: USD 50,000
Global DD (6%): USD 3,000
Minimum allowed equity: USD 47,000
If equity reaches or falls below USD 47,000, the account is closed.

Example - Global Drawdown (Pro Plan - 10%)

Initial capital: USD 50,000
Global DD (10%): USD 5,000
Minimum allowed equity: USD 45,000
If equity reaches or falls below USD 45,000, the account is closed.

Equity is calculated on a mark-to-market basis and includes open P&L, spread, commissions where applicable, and swap/overnight financing.

7.4 Position Sizing, Leverage and Exposure Leverage and exposure limits vary by plan and asset class and are disclosed at the time of purchase and in the Trader Dashboard. The maximum leverage permitted under each plan is as follows:

Starter Plan

Forex: up to 1:50
Indices, Metals and Energy: up to 1:10
Cryptocurrencies: up to 1:2

Pro Plan

Forex: up to 1:100
Indices, Metals and Energy: up to 1:30
Cryptocurrencies: up to 1:2

Leverage limits apply on a per-position and aggregate exposure basis and are monitored continuously in real time. The Trader must, at all times, manage position sizing responsibly and in full compliance with the applicable leverage and exposure limits. Any breach of such limits constitutes a violation of these Terms and may result in immediate account termination. Belive Prop reserves the right to modify leverage and exposure limits prospectively, acting reasonably and in good faith, with updated limits disclosed in the Trader Dashboard.

7.5 Permitted Instruments Trading is restricted to instruments approved by Belive Prop. The list of available instruments may be modified at any time without prior notice. Approved instruments include, but are not limited to:

Forex: Major and minor currency pairs (e.g., EUR/USD, GBP/USD, USD/CHF, USD/CAD, EUR/GBP)
Commodities: Metals and energy products (e.g., Gold, Silver, Oil)
Indices: Major global indices (e.g., Dow Jones, Nasdaq 100, S&P 500, Nikkei 225, FTSE 100, Hong Kong Index)
Cryptocurrencies: Selected crypto assets made available on the Platform

7.6 Trading Costs Belive Prop applies realistic trading costs to replicate live market conditions. Such costs may include:

Spread.
Commissions, where applicable.
Overnight financing rates (swap), applicable to positions held open after the trading day closes.

All trading costs are automatically reflected in account equity and directly impact profit and loss calculations, as well as Daily Drawdown and Global Drawdown limits. Belive Prop reserves the right to adjust its cost structure at any time without prior notice.

7.7 Final Provisions on Trading Rules All rules set forth in this Section are binding, cumulative and strictly enforced. Illustrative examples are provided solely for clarification purposes and do not override or limit the applicable rules. The Trader remains solely responsible for always understanding and complying with all trading rules.

7.8 Account Activation and Inactivity (Challenge Accounts and Funded Accounts)

Account Activation Period (Challenge Accounts) The Trader may purchase a Challenge Account without immediately initiating trading activity. For this purpose, the Trader is granted a maximum period of three (3) months from the date on which the Challenge Account credentials are issued to initiate trading activity. For the purposes of these Terms, initiation of trading activity means the execution of at least one (1) trade. Failure to initiate trading activity within this three (3) month period constitutes a material breach of these Terms and shall result in the automatic expiration and permanent closure of the Challenge Account, without refund, compensation, credit or reinstatement.

Definition of Inactivity (Challenge Accounts and Funded Accounts) Once trading activity has commenced, whether in a Challenge Account or a Funded Account, the account shall be deemed inactive if no trades are executed for a continuous period exceeding fifteen (15) calendar days.

Inactivity as a Violation Unjustified inactivity exceeding fifteen (15) consecutive calendar days after trading activity has commenced constitutes a violation of these Terms and Conditions, applicable to both Challenge Accounts and Funded Accounts.

Justification of Inactivity To avoid enforcement measures due to inactivity, the Trader must notify Belive Prop prior to the expiration of the fifteen (15) day inactivity period by sending an email to support@beliveprop.com, with the subject line: "Justification of Trading Inactivity". Such notification must include a clear, reasonable and factual explanation for the inactivity and, where applicable, the estimated duration of the inactivity period. The acceptance of any justification shall be subject to Belive Prop's sole discretion, exercised reasonably and in good faith.

Consequences of Inactivity Violation In the event of a violation due to inactivity, Belive Prop may, at its sole discretion, in respect of Challenge Accounts and/or Funded Accounts:

suspend the account.
restrict access to the Services; or
permanently terminate the account, in each case without refund, compensation or right of appeal.

Clarification For the avoidance of doubt, inactivity shall be treated as a material operational violation, notwithstanding the absence of prohibited trading conduct, abusive trading behaviour or any other rule breach.

8. FUNDED ACCOUNT TERMS, PAYOUTS AND WITHDRAWALS

8.1 Nature of Payouts as Performance Remuneration The Trader acknowledges and agrees that all profits generated within Funded Accounts are entirely simulated in nature. As remuneration for the Trader's consistent and disciplined performance, and subject to compliance with all Terms and rules set forth herein, Belive Prop may, at its sole discretion, pay the Trader a performance-based reward calculated as a percentage of such simulated profits. This payment does not constitute a share of actual trading profits, but rather a performance fee paid by Belive Prop to the Trader in recognition of their successful performance within the simulated trading environment. Eligibility and calculation of such payments shall be governed exclusively by the rules established in this Section 8.

8.2 Eligibility Requirements for Payout Requests To submit a Payout request, the Trader must satisfy all of the following conditions at the time of the request: (a) the Funded Account must have completed a minimum of five (5) distinct profitable trading days, with each such day reflecting at least one hundred United States dollars (USD 100) in realised profit; (b) the Trader must be in compliance with all Trading Rules and Specifications, including without limitation Daily Drawdown (3%) and Global Drawdown limits, and the account equity must remain above all applicable risk limits; (c) the Trader must comply with the Consistency Rule applicable to the relevant plan, calculated and assessed at the time of the Payout request; (d) the Trader must have completed KYC verification, including submission of valid government-issued identification and proof of address, and must maintain accurate personal and payment information; and (e) there must be no ongoing compliance review, investigation, suspected Prohibited Conduct, payment dispute or chargeback associated with the Trader or the account.

8.3 Payment Windows (Every 14 Days) Belive Prop operates Payout windows every fourteen (14) days. The applicable window dates and submission cut-off time are displayed in the Trader Dashboard in Coordinated Universal Time (UTC). Payout requests may only be submitted within the active window and are processed in accordance with Belive Prop's operational procedures. Belive Prop may reject, defer or suspend a request where eligibility requirements are not met or where additional verification is required.

8.4 Payout Percentage (Profit Split) Subject to approval, the profit split paid to the Trader is: (a) Starter Plan: eighty percent (80%) of approved profit; and (b) Pro Plan: ninety-five percent (95%) of approved profit. The remaining portion represents Belive Prop's fee for providing access to the Services and program infrastructure.

8.5 Minimum Payout Amount The minimum amount per Payout request is one hundred United States dollars (USD 100).

8.6 Payout Cap (Current Maximum per Request) As part of a responsible liquidity management policy and sustainable growth approach, Belive Prop currently applies a maximum limit per Payout request. The maximum amount currently permitted per approved Payout request is two thousand United States dollars (USD 2,000). Any profit amount above the maximum cap remains available and may be requested in subsequent payment windows, subject to the same cap and eligibility conditions. Belive Prop may review and increase this cap over time as the business matures, with the objective of moving towards higher limits and, in the future, potentially no maximum cap.

Practical Example Assume: (i) maximum per request is USD 2,000; (ii) payment windows occur every 14 days; and (iii) the Trader has USD 3,500 of available approved profit. First window: the Trader requests USD 2,000 and the request is processed within the window. The remaining USD 1,500 stays available in the account. Second window (14 days later): the Trader may request up to USD 2,000. As the remaining available amount is USD 1,500, the Trader may request the full USD 1,500 and the request is processed normally.

8.7 Consistency Rule The Consistency Rule applies to Funded Accounts and is assessed only at the time of a Payout request. It requires that no single trading day represents more than: (a) fifty percent (50%) of total accumulated profits for Starter Plan; and (b) thirty-five percent (35%) of total accumulated profits for Pro Plan. The Consistency Rule is reset after each approved Payout.

8.8 Processing, Verification and Discretion Belive Prop may request additional information to verify eligibility, compliance and payment details. Belive Prop reserves the right, acting reasonably and in good faith, to decline, delay or suspend any Payout request where there is suspected non-compliance, Prohibited Conduct, incomplete verification, inaccurate information or any operational, legal, regulatory or risk-related concern.

8.9 No Guarantee of Payouts Participation in the Services does not guarantee that a Trader will qualify for or receive any Payout. All Payouts are conditional upon compliance with these Terms, the Trading Rules and Specifications, successful verification and approval by Belive Prop.

9. PROHIBITED CONDUCT

9.1 Zero-Tolerance Violations The following conduct constitutes a material breach of these Terms and results in immediate and permanent account termination, without prior notice, opportunity for correction, refund, compensation or right of appeal.

The use of any automated, semi-automated, algorithmic or computer-assisted trading system is strictly prohibited on all Belive Prop accounts. This includes, without limitation, Expert Advisors (EAs), trading robots, algorithmic strategies, trading APIs, scripts, macros, artificial intelligence systems, machine learning tools, copy-trading software, signal execution tools or any technology that executes, modifies or manages trades without direct and deliberate manual intervention by the Trader for each individual action. All trading decisions, order entries, position management, stop-loss adjustments and trade exits must be performed manually by the account holder through direct interaction with the authorised Platform.

Any form of market manipulation is strictly prohibited. This includes, but is not limited to, spoofing, layering, quote stuffing, trading outside realistic bid/ask conditions to obtain artificial fills, exploiting delays, freezes or errors in price feeds, using external or delayed data sources to gain unfair advantage, or implementing strategies intended to distort prices, execution or market behaviour within the simulated environment.

9.2 Coordinated Trading, Copy Trading and Hedging Account coordination between multiple accounts is strictly forbidden. This includes copy trading, signal sharing, mirroring strategies, synchronised entries or exits, or any form of coordinated trading behaviour between accounts, whether owned by the same individual or by different persons.

Hedging strategies across multiple accounts are prohibited. This includes holding opposing positions in correlated instruments or the same instrument across different accounts for the purpose of reducing risk, locking profits or bypassing drawdown limits. Each account must be traded independently, with its own strategy, risk profile and decision-making process. Any attempt to pool risk, distribute exposure or coordinate behaviour across accounts constitutes Prohibited Conduct.

9.3 System Exploitation and Technical Abuse Any attempt to exploit technical limitations, vulnerabilities or deficiencies of the Platform or its infrastructure is strictly prohibited. This includes, without limitation, manipulating Daily Drawdown or Global Drawdown calculations, exploiting execution latency, price discrepancies, system errors, connectivity issues, server behaviour, geographic restrictions or platform bugs. Belive Prop reserves the right to review, analyse and retroactively assess trading activity where system exploitation is suspected.

9.4 Prohibited Trading Patterns and Behaviour Trading behaviour inconsistent with professional, disciplined and commercially viable trading practices is prohibited. This includes gambling-style behaviour such as martingale strategies, excessive position sizing following losses, "all-in" trades, recovery trading aimed at rapidly recouping losses or using maximum exposure during periods of extreme volatility without proper risk justification.

Gaming behaviours designed to manipulate the evaluation process are also prohibited. These include account flipping (opening and closing minimal trades solely to meet minimum trading day requirements), tick scalping without genuine market analysis, or mechanical trading designed purely to pass evaluation metrics.

Trading patterns where eighty percent (80%) or more of positions are consistently taken in a single direction, without objective technical or fundamental justification, may be deemed non-professional and subject to enforcement action. Strategies that are not realistically replicable in live market conditions, or that represent non-commercial activity solely intended to exploit evaluation parameters, are strictly forbidden.

9.5 Account Stacking Account stacking is a prohibited practice whereby a Trader repeatedly engages in aggressive or high-risk trading, breaches drawdown limits in one account, and then immediately switches to another account to repeat the process. Any pattern of cycling through multiple accounts to bypass risk controls, drawdown consequences or reset requirements constitutes Prohibited Conduct and results in permanent exclusion from all Belive Prop services.

9.6 Consequences and Enforcement Belive Prop applies enforcement measures proportionate to the severity, intent and recurrence of the violation. For minor and isolated first-time breaches of trading rules (excluding Prohibited Conduct), Belive Prop may, at its discretion, issue a warning, exclude specific trading days from evaluation or offer a paid reset option where applicable. For serious violations or any Prohibited Conduct, enforcement measures include immediate and permanent account closure, forfeiture of all simulated profits, denial of any pending or future withdrawals, and permanent ban from all Belive Prop services. Belive Prop reserves the right to pursue legal remedies where prohibited conduct results in damages, losses or regulatory exposure. All determinations regarding Prohibited Conduct are made at Belive Prop's sole discretion, acting reasonably and in good faith, and are final and binding, with no right of appeal.

9.7 Account Review Process Notwithstanding the finality of Belive Prop's determinations, in cases of account termination for breach of trading rules (excluding Zero-Tolerance Violations under Section 9.1), the Trader may request a review of the decision. The request must be submitted in writing to support@beliveprop.com with the subject line "Account Review" within 72 hours of the termination notice, setting out a detailed justification and any supporting evidence. Belive Prop shall conduct an internal review of the matter. The decision resulting from this review process shall be deemed final and conclusive. This account review process is a courtesy procedure and does not constitute a waiver of Belive Prop's right to make final and binding determinations as set forth in these Terms.

10. ACCOUNT LIMITS AND MANAGEMENT

Each Trader is permitted to maintain a maximum of five (5) active accounts simultaneously across all Belive Prop programs, plans, phases and account types, including, without limitation, Challenge Accounts and Funded Accounts. This limit applies per individual Trader, irrespective of the number of plans, evaluation models, account sizes or phases selected.

Opening, maintaining or attempting to operate accounts more than this limit, whether directly or indirectly, including by means of false, misleading or multiple identities, the involvement of third parties, the use of legal entities, or any other method intended to circumvent this restriction, constitutes Prohibited Conduct and may result in, without limitation:

immediate termination of all associated accounts.
forfeiture of all simulated profits, rewards or entitlements.
permanent exclusion from all Belive Prop services; and
denial of any future participation in Belive Prop programs.

All accounts must be operated independently, without any form of coordination, mirroring, hedging, copy trading, signal sharing or strategic alignment between accounts. Each account must be managed autonomously, with its own independent trading decisions, risk management and operational logic. Belive Prop reserves the right, at its sole discretion, to monitor account ownership, behavioural patterns, execution characteristics and correlations between accounts to verify compliance with this section and to enforce these Terms.

11. INTELLECTUAL PROPERTY RIGHTS

Belive Prop Technologies LTD ("Belive Prop") and its licensors retain all right, title and interest in and to the Services, Platform and all related intellectual property, whether registered or unregistered, worldwide. This includes, without limitation, all software, source code, algorithms, trading models, evaluation frameworks, methodologies, dashboards, interfaces, databases, data analytics, performance metrics, reports, educational materials, documentation, written and visual content, designs, layouts, trademarks, service marks, logos, trade names, branding elements, business processes, trade secrets and any other proprietary or confidential information used or made available in connection with the Services.

Nothing in these Terms shall be construed as granting the Trader any ownership rights in or to any intellectual property of Belive Prop or its licensors. Belive Prop grants the Trader a limited, revocable, non-exclusive, non-transferable and non-sublicensable licence to access and use the Services and Platform solely for the Trader's personal participation in the authorised simulated trading programs, strictly in accordance with these Terms. This licence automatically and immediately terminates upon suspension or termination of the Trader's account or these Terms, for any reason.

The Trader shall not, directly or indirectly, and shall not permit any third party to:

copy, reproduce, modify, adapt, translate, distribute, transmit or publicly display any part of the Services or Platform.
reverse engineer, decompile, disassemble or otherwise attempt to derive the source code, algorithms or underlying structure of any software, system or tool used by Belive Prop.
create derivative works based on any Belive Prop intellectual property.
scrape, harvest, mine or extract data, metrics or content from the Platform by automated or manual means.
remove, obscure or alter any proprietary notices, trademarks or intellectual property legends.
share, sell, transfer or make available access credentials or Platform access to any third party; or
use any Belive Prop intellectual property for competitive, commercial or unauthorised purposes.

Any unauthorised use, infringement or misappropriation of Belive Prop's intellectual property constitutes a material breach of these Terms and may result in immediate account termination, forfeiture of any simulated profits or benefits, permanent exclusion from the Services and the pursuit of all available legal remedies, including injunctive relief and damages, to the fullest extent permitted by law.

12. DATA PRIVACY, MONITORING AND RECORD KEEPING

12.1 Monitoring and Data Collection Belive Prop Technologies LTD ("Belive Prop") continuously monitors, records and analyses the use of its Services for legitimate business purposes, including but not limited to compliance, risk management, fraud prevention, system integrity, performance assessment, rule enforcement, security, operational improvement and legal obligations. Such monitoring may include, without limitation:

trading activity, order placement, execution and position management.
account balances, equity, profit and loss, drawdown metrics and performance analytics.
platform usage, navigation patterns, behavioural indicators and interaction logs.
login activity, IP addresses, device identifiers, browser information and security logs.
communications with Belive Prop, including support tickets, emails, chats and system messages.
payment activity, transaction metadata and billing records; and
personal data provided during registration, onboarding, KYC verification or use of the Services.

Monitoring is conducted in accordance with applicable data protection laws and Belive Prop's Privacy Policy.

12.2 No Expectation of Confidentiality in Trading Activity To the maximum extent permitted by applicable law, the Trader acknowledges and agrees that there is no expectation of confidentiality or privacy with respect to trading activity, performance metrics, compliance reviews, behavioural analysis or use of the Platform. Belive Prop may review, analyse, audit and use such data for lawful business purposes, including internal assessments, enforcement of these Terms, detection of prohibited conduct, dispute resolution, regulatory compliance and statistical or analytical purposes. This provision does not limit the Trader's statutory data protection rights under applicable law.

12.3 Data Retention Belive Prop retains personal data, account records and trading data for as long as necessary to fulfil contractual obligations, comply with legal and regulatory requirements, resolve disputes, enforce agreements and pursue legitimate business interests. Unless a longer retention period is required or permitted by law:

account and transactional records are generally retained for a minimum of seven (7) years following account closure.
trading records, logs and performance data are retained for a minimum of seven (7) years; and
communications may be retained for extended periods where necessary for compliance, evidentiary or operational purposes.

Following account termination, data may continue to be retained to the extent required by law or for legitimate business purposes. Requests for data access, correction or deletion are governed exclusively by applicable data protection laws and Belive Prop's Privacy Policy.

13. INDEMNIFICATION

The Trader agrees to indemnify, defend and hold harmless Belive Prop Technologies LTD, its affiliates, shareholders, directors, officers, employees, contractors, agents, licensors and service providers from and against any and all claims, demands, actions, proceedings, liabilities, damages, losses, costs and expenses (including reasonable legal fees and expenses) arising out of or in connection with:

any breach or alleged breach of these Terms, policies, rules or guidelines by the Trader.
any violation of applicable laws, regulations or regulatory requirements by the Trader.
the Trader's trading activity, use or misuse of the Services or Platform.
any false, inaccurate, incomplete or misleading information provided by the Trader during registration, onboarding, KYC or use of the Services.
any breach of the Trader's representations, warranties or obligations under these Terms.
any third-party claims arising from the Trader's conduct, actions or omissions.
any tax liabilities, declarations, disputes or obligations arising from payouts, rewards or trading-related income received by the Trader.
any chargeback, payment dispute, reversal or fraudulent payment attempt initiated by or on behalf of the Trader; or
any other act or omission by the Trader that causes harm, loss or legal exposure to Belive Prop.

Belive Prop reserves the right, at its sole discretion, to assume exclusive control of the defence and settlement of any matter subject to indemnification, without limiting the Trader's indemnification obligations. The Trader agrees to cooperate fully with Belive Prop in the defence of any such claim. The Trader may not settle, compromise or resolve any indemnified claim without the prior written consent of Belive Prop. The obligations set forth in this Section shall survive the termination or expiration of these Terms and the closure of any account, for an indefinite period, to the extent permitted by applicable law.

14. LIMITATION OF LIABILITY

14.1 Maximum Liability To the fullest extent permitted by applicable law, Belive Prop Technologies LTD shall not be liable to the Trader for any claims, losses, damages or liabilities arising out of or relating to these Terms, the Services, the Platform, or the Trader's participation in any Challenge Account or Funded Account, in an aggregate amount exceeding the lower of:

the total fees actually paid by the Trader to Belive Prop during the twelve (12) months immediately preceding the event giving rise to the claim; or
one hundred United States dollars (USD 100).

This limitation applies regardless of the legal theory under which liability is asserted, including contract, tort (including negligence), misrepresentation, restitution or otherwise.

14.2 Excluded Damages To the maximum extent permitted by applicable law, Belive Prop shall not be liable for any indirect, incidental, special, consequential, exemplary or punitive damages, including, without limitation:

loss of profits, expected gains or opportunities.
trading losses or missed trading opportunities.
loss of data, loss of business, loss of goodwill or reputational harm.
business interruption or system unavailability.
technical failures, platform downtime, connectivity issues, latency, data feed delays or execution discrepancies.
market volatility, price gaps, liquidity conditions or economic events; or
any damages arising from causes beyond Belive Prop's reasonable control.

This exclusion applies even if Belive Prop has been advised of the possibility of such damages.

14.3 Basis of the Agreement The Trader expressly acknowledges that the limitations and exclusions of liability set forth in this Section constitute a fundamental element of the contractual relationship between the Trader and Belive Prop. The Services are provided on the basis that these limitations apply, and Belive Prop would not offer the Services without them. Nothing in these Terms shall exclude or limit liability to the extent that such exclusion or limitation is prohibited by applicable law.

15. DISPUTE RESOLUTION, GOVERNING LAW AND JURISDICTION

15.1 Governing Law These Terms and Conditions, and any dispute, claim or controversy arising out of or in connection with these Terms, the Services, the Platform, or the Trader's participation in any Belive Prop program, shall be governed by and construed in accordance with the laws of England and Wales, without regard to conflict of law principles.

15.2 Jurisdiction The Trader irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute, claim or controversy arising out of or in connection with these Terms or the Services, including any non-contractual obligations arising therefrom. Nothing in this Section shall limit Belive Prop's right to seek injunctive relief or interim measures in any jurisdiction where such relief is necessary to protect its legitimate interests, intellectual property, systems or compliance obligations.

15.3 Waiver of Class Actions and Representative Claims To the fullest extent permitted by applicable law, the Trader agrees that all disputes shall be brought solely in an individual capacity and not as a plaintiff or class member in any purported class action, collective action, representative proceeding or group litigation. The Trader expressly waives any right to participate in or initiate class actions, collective proceedings or representative claims against Belive Prop.

15.4 Waiver of Jury Trial To the extent permitted by applicable law, the Trader irrevocably waives any right to a trial by jury in respect of any dispute, claim or proceeding arising out of or relating to these Terms or the Services.

15.5 Limitation Period Any claim, action or proceeding arising out of or relating to these Terms or the Services must be commenced within twelve (12) months from the date on which the claim first arose. Any claim not brought within this period shall be permanently barred, to the extent permitted by applicable law.

16. TERMINATION

16.1 Termination by Belive Prop Belive Prop reserves the right, at its sole discretion, to suspend, restrict or terminate the Trader's account(s) and access to the Services at any time, with immediate effect, with or without prior notice, and with or without cause, including but not limited to the following circumstances:

violation of any provision of these Terms and Conditions, policies, guidelines or rules.
engagement in Prohibited Conduct or any abusive, manipulative or unethical behaviour.
breach of trading rules, risk limits or operational requirements.
provision of false, misleading, incomplete or inaccurate information.
suspicious, irregular or non-compliant trading activity or behavioural patterns.
failure to comply with KYC, AML or compliance requirements.
non-payment of applicable fees or chargeback/payment disputes.
legal, regulatory or compliance requirements.
operational, technical or business considerations; or
any other reason deemed necessary by Belive Prop to protect the integrity, sustainability or lawful operation of its programs.

Belive Prop is under no obligation to provide reasons, warnings, remediation opportunities or corrective measures prior to termination.

16.2 Effects of Termination Upon termination of the Trader's account(s), regardless of the reason:

all accounts shall be immediately closed.
all open positions shall be closed automatically, without prior notice.
all simulated profits, rewards, benefits or pending payouts shall be immediately forfeited.
no refunds, credits or compensations shall be provided under any circumstances.
all access to the Services, Platform, dashboards and systems shall be permanently revoked.
all licences or permissions to use Belive Prop's intellectual property shall immediately terminate; and
the Trader shall remain liable for any outstanding obligations, fees, damages or liabilities incurred prior to termination.

Termination does not limit Belive Prop's right to pursue any legal, contractual or equitable remedies available under applicable law.

16.3 Survival of Provisions Any provisions which by their nature are intended to survive termination shall remain in full force and effect, including but not limited to:

fee obligations and the no-refund policy.
disclaimers and limitation of liability.
indemnification obligations.
intellectual property rights.
confidentiality obligations.
dispute resolution, governing law and jurisdiction provisions; and
compliance, monitoring and enforcement rights.

17. GENERAL PROVISIONS

17.1 Modifications to the Terms Belive Prop reserves the right, at its sole discretion, to amend, modify, update or replace these Terms and Conditions at any time. Any such modifications shall become effective immediately upon publication on Belive Prop's website, dashboard or official communication channels. The Trader's continued access to or use of the Services after the effective date of any modification constitutes unconditional acceptance of the revised Terms. It is the Trader's responsibility to review these Terms periodically to remain informed of any updates.

17.2 Entire Agreement These Terms and Conditions, together with the Privacy Policy and any other policies, rules, guidelines or disclosures expressly incorporated by reference, constitute the entire agreement between the Trader and Belive Prop regarding the Services. They supersede and replace all prior or contemporaneous agreements, representations, understandings or communications, whether written or oral, relating to the subject matter herein.

17.3 Severability If any provision of these Terms is held to be invalid, illegal or unenforceable under applicable law, such provision shall be deemed severed to the extent necessary, and the remaining provisions shall continue in full force and effect to the maximum extent permitted by law.

17.4 Assignment The Trader may not assign, transfer, delegate or otherwise dispose of any rights or obligations under these Terms, in whole or in part, without the prior written consent of Belive Prop. Belive Prop may assign or transfer these Terms, in whole or in part, at any time and without restriction, including in connection with a merger, acquisition, corporate reorganisation or sale of assets.

17.5 Electronic Communications The Trader consents to receive all communications, notices, disclosures and documents from Belive Prop electronically, including via email, platform notifications, dashboard messages or website postings. The Trader agrees that such electronic communications satisfy any legal requirement that such communications be made in writing.

17.6 Force Majeure Belive Prop shall not be liable for any failure or delay in the performance of its obligations under these Terms if such failure or delay is caused, directly or indirectly, by forces beyond its reasonable control, including without limitation strikes, labour disputes, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes, pandemics, interruptions, loss or malfunction of utilities, communications or computer services (including failures of third-party trading platforms, data providers or internet connectivity), or any other force majeure event. In the event of such an occurrence, Belive Prop may, at its discretion, suspend all evaluation activities, extend challenge deadlines, pause trading days or take such other action as it deems fair and appropriate given the circumstances. The Trader shall not be entitled to any compensation, refund or credit for any losses or inconvenience resulting from such force majeure events.

18. CONTACT INFORMATION

All communications, notices, questions or requests regarding these Terms and Conditions or the Services provided by Belive Prop should be directed to:

BELIVE PROP TECHNOLOGIES LTD Registered Office: 128 City Road, London EC1V 2NX, United Kingdom Email: belive@beliveprop.com Website: www.beliveprop.com Dashboard: dashboard.beliveprop.com

19. ACKNOWLEDGEMENT AND ACCEPTANCE

By accessing or using the Services, you expressly acknowledge that you have read, understood and agree to be legally bound by all provisions of these Terms and Conditions. You acknowledge and agree that all trading activity conducted within Challenge Accounts and Funded Accounts occurs in a simulated environment and that any profits, balances or performance results are virtual in nature and may never convert into real money. You further acknowledge and accept all risks associated with participation in simulated trading programs and agree that all trading decisions are made solely at your own discretion and responsibility. You understand and agree that Belive Prop's determinations regarding account management, rule enforcement, violations, Prohibited Conduct, eligibility, payouts and access to the Services are final, binding and not subject to appeal.

Your acceptance of these Terms constitutes a legally binding agreement between you and Belive Prop Technologies Ltd. If you do not fully understand any provision of these Terms, you acknowledge that it is your responsibility to seek independent legal advice prior to using the Services.