Terms of service

Terms of Use

General Terms of Use

Preamble

fundora-trading.com (hereinafter referred to as "this Website") is operated by Quantum Fund Traders Inc. (23F Kamiyacho Trust Tower, 4-1-1 Toranomon, Minato-ku, Tokyo. Hereinafter referred to as "the Company" or "Fundora"). The Company provides information, tools, and services (hereinafter referred to as "the Service") available on this Website and related websites to customers (hereinafter referred to as "Customer") on the condition that they agree to all terms, policies, and notices set forth in these terms.

By using this Website, Customer is deemed to have agreed to be bound by these Terms of Use and related additional terms and policies. These terms apply to all users of this Website (including vendors, customers, and content contributors).

1. Application of Terms of Use

Please read these Terms of Use carefully before accessing this Website or beginning to use the Service. By accessing or using any part of this Website, you agree to these terms and a binding contract (hereinafter referred to as "Contract") is established with the Company. If you do not agree to all terms of these Terms of Use, you may not access this Website or use the Service.

2. Target Users of the Service

The Service is intended only for adults (18 years or older) who reside in countries where they can use it in accordance with applicable laws. By registering on this Website, Customer is deemed to have represented and warranted that they are an adult. Minors may not use the Service.

Customer understands that the Service may be restricted or prohibited by law in some countries or regions and shall use the Service in compliance with applicable laws.

3. Changes to Terms of Use

New features or tools added to this Website shall also be subject to these Terms of Use. The Company reserves the right to revise, update, or change these Terms of Use at any time. If Customer continues to use or access this Website after changes, Customer is deemed to have agreed to the changes.

4. Disclaimer

The Service does not constitute "investment advisory and agency business" or "investment management business" under the Financial Instruments and Exchange Act. The Company does not provide trading advice, instructions, investment tools, or investment-related recommendations. The Company will not respond to requests for such advice or recommendations from customers.

The Company's employees, staff, or representatives do not have the authority to provide investment advice or recommendations. Therefore, statements or information provided by the Company's employees, staff, or representatives do not constitute any investment advice or recommendations. The Company assumes no responsibility for them.

5. System and Third-Party Access

The Company may temporarily permit third parties to access this Website for system troubleshooting or maintenance work. Such access is strictly monitored and access rights are revoked after work completion.

6. Purpose of the Service

The Service is intended for customer evaluation and education and is not intended for investment advice or trade execution. Registration fees are for permitting access to the Fundora platform, evaluation program, and the Service and do not guarantee investment or trading.

7. Section Headings

The headings in these Terms of Use are provided for convenience and do not limit the interpretation or scope of application of the terms.

Main Provisions

Article 1 (Service Use Declaration)

In using the Service, Customer represents and warrants that Customer is an adult of 18 years or older with full capacity to perform legal acts, and that Customer has the legal qualification to use the Service and will comply with applicable laws.
Customer shall not use the Service for illegal or unauthorized purposes.
In using the Service, Customer shall comply with Japanese law and applicable laws of Customer's country or region of residence (including but not limited to copyright law).
If Customer violates these terms, the Company reserves the right to suspend or terminate Customer's use of the Service without prior notice.

Article 2 (General Conditions)

The Company reserves the right to refuse to provide the Service to any user at any time for any reason.
Customer acknowledges and agrees that the Company may transmit Customer's personal information (excluding credit card information) unencrypted to affiliated companies in connection with providing the Service.
Customer agrees not to reproduce, copy, sell, resell, or misuse the Service and information posted on this Website (including contact information) without the Company's prior written permission.
The Service may differ in the scope of services provided (such as analytical tools available to Customer). Service fees differ based on the following factors. Please check this Website for details and fees of each plan. Final fees are determined based on the plan Customer selects when ordering the Service.

i. Scope of learning materials (guidelines, webinars, videos, etc.) regarding trading knowledge, trading techniques, tool utilization methods, indicators, etc. ii. Initial amount of virtual funds (capital amount) iii. Scope of permitted risk (maximum loss, etc.) iv. Parameters necessary to meet Service conditions v. Other configuration elements
The Company has the right to provide the Service based on individual agreements with Customer. These individual conditions shall be determined at the Company's discretion. Unless expressly specified by the Company, multiple discounts or benefits cannot be combined.
Fees are paid as consideration for accessing the Service and taking educational content, etc. In principle, paid fees will not be refunded. If Customer uses chargeback services, dispute resolution services, or other means to dispute paid fees and demand refunds or invalidation, the Company reserves the right, at its sole discretion, to suspend service provision to Customer and refuse future service provision.
Customer must prepare necessary technical equipment and software at Customer's own responsibility and expense to use the Service. This Website is accessible from general web browsers. However, costs for internet connection, equipment purchase, web browser updates, etc. shall be borne by Customer. The Company does not guarantee that the Service is compatible with specific equipment or software. No additional charges for internet connection will be imposed.
The Company reserves the right to change or discontinue the Service content, fees, or any part thereof without notice. The Company assumes no responsibility to Customer or third parties for any damages arising therefrom.

Article 3 (Trading Platform, Client Zone, Fundora Demo Account)

The Company operates a trading platform and related tools (hereinafter "Trading Platform") for providing demo trading in foreign exchange markets and other financial markets. In using the Trading Platform, Customer agrees to be bound by trading rules and objectives specified on this Website according to the Company's program. The Trading Platform includes "Fundora Demo Account" (hereinafter "Demo Account").
Customer understands and agrees that trading provided by the Company is conducted in a simulation environment on Demo Accounts, not actual market trading. Demo Accounts use virtual currency and no actual fund trading occurs. Customer confirms and agrees that separate contract terms apply to the purchase and use of Demo Accounts.
The Client Zone is provided as part of the Trading Platform. The Client Zone functions as Customer's dashboard, enabling confirmation of Demo Account details, application for information provision fee (compensation) payments, access to learning materials and videos, and profile management operations.

Article 4 (Demo Trading Rules)

Customer may freely trade in demo trading on the Trading Platform unless it corresponds to prohibited trading strategies or trades specified in these terms. However, restrictions may be imposed depending on the Trading Platform plan Customer selects.
Customer agrees that the Company and the Company's partner companies (hereinafter "Partner Companies") may access information regarding demo trading Customer conducts on the Trading Platform. Partner Companies refer to the Company's affiliated companies that can connect to the Company's system for real-time monitoring, verification processes, and evaluation purposes when using the Service.
Customer agrees to share information regarding Customer's demo trading with individuals or entities affiliated with the Company in accordance with privacy protection policies and applicable law. Customer authorizes the Company or individuals/entities affiliated with the Company to handle shared data. Customer agrees to have no right to receive any compensation or revenue regarding the Company's use of demo trading data. Details regarding information sharing can be confirmed in the separately established "Privacy Policy".
The Company does not provide investment advice or trading recommendations or advice in demo trading under any circumstances.
Customer may interrupt demo trading on the Trading Platform at any time.

Article 5 (Prohibited Trading Strategies or Trades)

In demo trading on the Trading Platform, Customer must always use original trading strategies at any stage and must not rely on third-party signals, bots, or software. Customer must also trade according to actual market conditions and apply strategies effective under real market environments. Acts that abuse Demo Account conditions and all forms of arbitrage trading are prohibited.
The following acts are strictly prohibited (hereinafter collectively referred to as "Prohibited Trading"). In addition to the acts listed below, the Company may impose prohibited acts or restrictions for participating in the Service on this Website or FAQ, and Customer must comply with these. The Company may additionally designate prohibited trading on the Service or this Website beyond the prohibited trading listed below, and Customer shall comply with these.

i. Use of strategies that exploit price discrepancies or update delays, or strategies that abuse system bugs. In particular, latency arbitrage trading, reverse arbitrage trading, tick scalping, and high-frequency trading (HFT) that start and end trades within seconds to minutes to profit from small price movements (ticks). ii. Use of automated services, robots, expert advisors (EA) for the purpose of obtaining prop trading evaluation certification, or abuse of technical defects in trading platforms or infrastructure. iii. Copying third-party trades using manual or copy trading systems. iv. Transfer of Demo Account access rights to third parties or delegation of management. v. Using IP addresses from multiple countries or masking IP addresses to access Demo Accounts (IP addresses during trading must be from the same region as the billing address). vi. Execution of transactions using external data feeds. vii. Formation of groups by multiple accounts or customers to conduct hedge arbitrage trading or opposite trades. viii. Front-running trading in other markets. ix. Trading that violates Partner Company terms of use. x. Use of strategies contrary to trading methods in actual foreign exchange markets, or Customer trading conducted in ways that may cause damage to Partner Companies. xi. Exceeding the upper limit of pending orders listed in this Website's FAQ. xii. Other prohibited acts listed on this Website or FAQ.
When prohibited acts specified in this Article or listed on this Website and FAQ are confirmed, the Company may determine that Customer does not meet the conditions for using the "Fundora Platform".
If Customer engages in Prohibited Trading, the Company reserves the right to suspend all Demo Accounts without notice. As a result, Customer loses the right to receive information provision fee (compensation) payments or refunds of paid fees.
The Company retains the right to detect Prohibited Trading and fraudulent acts using automated methods, details of which are listed on this Website and FAQ.
Before granting professional accounts or processing payments, the Company may assess Customer's trading activities to determine whether they constitute Prohibited Trading.
If Prohibited Trading is confirmed, professional accounts will not be granted and opening new Demo Accounts may be prohibited.
If Customer places orders with abnormal frequency in a short period, the Company may notify Customer as a preventive measure aimed at mitigating potential harmful acts or gambling-like trading. If abnormal trading behavior continues after notification, the Company reserves the right to suspend Customer's trading.
If the Company determines that abnormal behavior is related to Prohibited Trading, it may take appropriate measures.
The Company reserves the right to reasonably determine the definition and scope of application of Prohibited Trading at its sole discretion.

Article 6 (Regarding Phase 1 and Phase 2)

Upon payment of the Service fee, Customer can receive login information for the Trading Platform and Client Zone at the email address provided during registration or specified in the Client Zone. Customer can activate the Service by logging into the Client Zone for the first time or making the first trade on the Trading Platform's Demo Account.
If not activated within 30 days (24 hours × 30 days) from when the Demo Account is granted in each phase, or if no trading on the Demo Account (meaning order actions on the Demo Account; mere login to the Demo Account is not considered trading) is confirmed for 30 days (24 hours × 30 days. For professional accounts defined in the next article, the professional account may be temporarily suspended for 2-5 business days when paying information provision fees (compensation), but this suspension period is also counted) from the last trading time on the Demo Account, the Company reserves the right to terminate or disqualify the Service provision without refunding fees.
Demo Accounts (including professional accounts defined in the next article) are granted for each phase and, in principle, will not be changed while the same phase is maintained. For professional accounts, the professional account may be temporarily suspended for 2-5 business days when paying information provision fees (compensation), but this suspension does not change (newly grant) the Demo Account (professional account). The identity of Demo Accounts is specified by the account number (account ID) assigned to each Demo Account.
The Service consists of Phase 1, Phase 2, and Phase 3 (professional account). The Company has established an evaluation program based on criteria published on this Website, and by obtaining a passing judgment in the evaluation program, one can obtain qualification for promotion, and by obtaining disqualification conditions in the evaluation program, one is disqualified. When Customer achieves the criteria specified by the evaluation program and obtains promotion qualification, and complies with other rules set by the Company, the Company approves Customer's progression to the next phase (however, for progression to Phase 3, please refer to the next article).
Customer can request evaluation program review at any time from the Client Zone or by sending an email to support@fundora-trading.com.
If Customer violates these terms or the Service conditions clearly stated on this Website during the evaluation program, the evaluation program is judged as disqualified. In this case, already paid fees will not be refunded and all Demo Accounts become invalid.
The Company calculates the determination of daily maximum loss rate and total loss rate in Demo Accounts based on Customer's effective margin balance (including unrealized gains and losses) at 6:00 AM Japan Summer Time (7:00 AM Winter Time) (where "Summer Time" and "Winter Time" refer to times +9 hours and +10 hours respectively based on Coordinated Universal Time (UTC), and the application start and end dates of summer time and winter time are determined by the Company from time to time according to trading time practices in general international markets (foreign exchange markets, etc.)).
The Company calculates profit determination in Demo Accounts based on the profit amount confirmed from 6:00 AM Japan Summer Time (7:00 AM Winter Time) to the same time the next day as the profit for that day. When positions (unsettled positions) are carried over to the next day or later and settled, this standard applies on the settlement date.

Article 7 (Regarding Phase 3 (Professional Account))

When Customer passes the evaluation programs for Phase 1 and Phase 2 and agrees to the professional trader qualification terms established by the Company, progression to and access to Phase 3 (professional account) is permitted.
Customer must agree to the additional conditions stated in this article in addition to the conditions of this Website and these Terms of Use. These conditions are sent to the email address provided by Customer during registration, with supplementary information regarding Phase 3 attached.
Phase 3 is a plan that grants access to professional accounts and takes effect when Customer places the first trading order.
The Company conducts due diligence for KYC (Know Your Customer) and adopts international standards for AML/CFT (Anti-Money Laundering and Counter-Financing of Terrorism). If inconsistencies, uncertainties, or suspicious matters are confirmed in Customer's identity information during the Company's KYC procedures, the Company reserves the right to refuse Phase 3 contract conclusion or use at its sole discretion regardless of reason. If KYC/AML/CFT procedures have already been completed, these procedures are unnecessary, but the Company reserves the right to conduct additional KYC/AML/CFT procedures if it recognizes reasonable or suspicious circumstances.
The Company does not guarantee Phase 3 status for the above reasons. The Company assumes no responsibility if Customer does not meet the requirements of this plan and becomes disqualified.
If Customer does not provide necessary information regarding KYC/AML/CFT procedures or does not provide reasonable explanations (including initial and ongoing), the Company reserves the right to cancel professional accounts and other Demo Accounts.
The provisions of the previous article also apply to the use of professional accounts.
Customer recognizes and agrees to the following matters: i. When compensation is paid based on prescribed conditions, each party bears fees related to remittance of compensation individually. ii. For "Phase 3" compensation, the exchange rate on the payment execution date from the Company applies, not the exchange rate on the billing date. Even if compensation payment is delayed, there is no right to receive additional compensation.
The Company enables compensation receipt applications when eligibility for receiving compensation is met 28 days after the first trade is made in the professional account. If compensation receipt is postponed because Customer did not meet compensation payment requirements despite applying for compensation receipt, compensation receipt applications are suspended for 14 days (including the first day) from the date when the postponement is confirmed. The calculation of these 14 days starts from 9:00 AM Japan Summer Time (10:00 AM Winter Time).

Article 8 (Accuracy, Completeness, and Timeliness of Information)

The Company makes maximum efforts to maintain the accuracy of information provided, but does not guarantee that information on this Website is always accurate, complete, or up-to-date. The Company assumes no responsibility for the accuracy or completeness of this information. Information on this Website is provided for general information purposes only and should not be used as the sole basis for decision-making without confirming more accurate, complete, and up-to-date information. Reliance on information on this Website is at Customer's own risk.
If there are doubts about the accuracy of information, please contact support@fundora-trading.com.
This Website may contain past information. This information is provided for reference purposes and may not reflect the latest information. The Company reserves the right to change the content of this Website at any time but assumes no obligation to update information on this Website.

Article 9 (Service and Fee Changes, Payment Conditions)

Service fees include all taxes. However, "Phase 3" compensation may incur tax obligations based on applicable laws, in which case Customer is responsible for appropriately paying taxes and related fees.
Customer can pay Service fees by credit card payment or other payment methods provided by the Company on this Website.
When using credit cards or other express payment methods, payment is processed immediately. If Customer does not pay fees within the deadline, the Company reserves the right to cancel Customer's order.
Customer shall bear all fees charged by the selected payment service provider in connection with transactions and has the obligation to ensure full payment of these fees.
Compensation payments based on "Phase 3" are limited to accounts in Customer's name or corporate accounts of corporations where Customer serves as a representative, and payments to third parties are not permitted. The Company also reserves the right to conduct additional KYC (identity verification procedures).

Article 10 (Products or Services (if applicable))

The Company reserves the right, but assumes no obligation, to restrict sales of the Company's products or services to individuals or specific regions. The Company may exercise this right depending on Customer's usage status. All descriptions regarding products or product prices may be changed at any time without notice at the Company's sole discretion. The Company reserves the right to discontinue any product at any time. Any offering of products or services made on this Website is void in regions where they are prohibited. The Company does not guarantee that the quality of products, services, information, or other materials purchased or obtained by Customer meets Customer's expectations, or that errors in the Service will be corrected.

Article 11 (Accuracy of Billing and Account Information)

The Company reserves the right to refuse Customer's orders. The Company may also limit or cancel purchase quantities per person or per order at its sole discretion. These restrictions may include orders using the same customer account, credit card, billing address, or shipping address. When the Company modifies or cancels orders, it may notify via email, billing address, or phone number provided at the time of order. The Company also reserves the right to limit or prohibit orders at its sole discretion when it determines them to be orders by dealers, resellers, or unauthorized sellers.
Customer agrees to provide accurate and up-to-date purchase information and account information when making purchases on this Website. Customer also agrees to promptly update information such as email addresses, credit card numbers and expiration dates so that the Company can process Customer's transactions and contact Customer as necessary.

Article 12 (Third-Party Tools and Future Services)

The Company may provide Customer with access to third-party tools (hereinafter "Third-Party Tools") that the Company does not monitor or control. Customer understands and agrees that access to tools provided by the Company, including Third-Party Tools, is provided "as is" without any warranties or representations and without any conditions. The Company assumes no responsibility arising from or related to Customer's use of Third-Party Tools. Use of Third-Party Tools is entirely at Customer's own risk and discretion, and Customer must fully understand and accept the conditions of the third party providing the relevant tools.

Article 13 (Third-Party Links)

Some content, products, and services provided through the Service may include third-party materials. Links on this Website may also direct to third-party websites unrelated to the Company.
The Company assumes no obligation to investigate or evaluate the accuracy of third-party content, website operations, or materials, products, and services provided. The Company makes no warranties regarding these and assumes no responsibility. Furthermore, the Company assumes no responsibility for damages or losses related to products, services, resources, content, or transactions provided through third-party websites.
Customer is responsible for thoroughly checking and understanding third-party policies and practices before conducting transactions. Please contact the relevant third party directly for complaints, claims, concerns, and questions regarding third-party products or services.

Article 14 (User Comments, Feedback, and Other Submissions)

When sending specific submissions (such as contest entries) at the Company's request, or when sending original ideas, suggestions, plans, or other materials (hereinafter collectively referred to as "Comments") online, by email, mail, or other methods without the Company's request, Customer agrees that the Company may edit, copy, publish, distribute, translate, and otherwise use Comments transferred by Customer to the Company in any medium at any time without restriction. The Company assumes no obligation to (1) maintain confidentiality of Comments, (2) pay compensation for Comments, or (3) respond to Comments.
The Company may, but assumes no obligation to, monitor, edit, or delete content that the Company determines at its sole discretion to be illegal, offensive, threatening, defamatory, pornographic, obscene, or otherwise objectionable, or content that violates any party's intellectual property or these "Terms of Use".
Customer agrees that Customer's Comments do not infringe any third-party rights including copyright, trademark, privacy, personality rights, or other personal or proprietary rights. Furthermore, Customer agrees that Customer's Comments do not contain defamatory, illegal, abusive, or obscene content, or computer viruses or other malware that may affect the operation of the Service or this Website in any way. Customer may not use false email addresses, impersonate persons other than themselves, or deceive the Company or third parties about the source of Comments. Customer assumes full responsibility for Comments made by Customer and their accuracy. The Company assumes no responsibility for Comments posted by Customer or third parties.

Article 15 (Intellectual Property Rights)

Copyrights of content on this Website or the Service belong entirely to the Company or third parties with legitimate authority, and unauthorized use (reproduction, distribution, transmission, transfer, adaptation, etc.) of such copyrighted works is prohibited except as permitted by copyright law. Customer is granted rights to use only within the permitted scope according to these Terms of Use, content usage conditions, etc.
The Company does not transfer patent rights, design rights, or other intellectual property rights for inventions, designs, etc. contained in copyrighted works, or grant any rights based on such intellectual property rights through provision of copyrighted works via this Website or the Service. The Company provides copyrighted works in their current state and makes no warranties regarding the content of copyrighted works.
Information such as services and technologies provided to Customer on this Website or the Service is protected by copyright law, industrial property law, and other intellectual property-related laws and regulations.

Article 16 (Handling of Personal Information)

Customer's personal information complies with the Company's Privacy Policy.

Article 17 (Errors, Inaccuracies, and Omissions)

Information on this Website or the Service may contain typographical errors, inaccurate descriptions, or omissions related to product descriptions, prices, campaigns, offers, product shipping fees, transportation times, and inventory status. The Company reserves the right to correct errors, inaccuracies, or omissions at any time without prior notice (including after Customer submits orders), and the right to change or update information or cancel orders when information on the Service or this Website is inaccurate.
The Company assumes no obligation to update, correct, or clarify information on the Service or this Website (including but not limited to prices) except when required by law. Specific dates or update dates applicable to the Service or this Website do not indicate that all information on the Service or this Website has been modified or updated.

Article 18 (Prohibited Uses)

In addition to prohibited matters specified in these Terms of Use, Customer shall not use this Website and its content for the following purposes. The Company reserves the right to suspend use of the Service or this Website if Customer violates any of the following:

i. Use or access for illegal purposes ii. Execution of illegal acts or soliciting others to engage in illegal acts iii. Violation of international law, statutes, or local ordinances iv. Infringement of the Company's or third parties' intellectual property rights v. Harassment, abuse, insult, harm, defamation, threats, or discrimination based on gender, sexual orientation, religion, ethnicity, race, age, nationality, or disability vi. Providing false or misleading information vii. Uploading or transmitting viruses or other malicious code for the purpose of interfering with the function or operation of the Service, this Website, other websites, or the internet viii. Collecting or tracking others' personal information ix. Engaging in phishing, pharming, pretexting, spidering, crawling, or scraping activities x. Using the Service or this Website for obscene or immoral purposes xi. Interfering with or circumventing security features of the Service, this Website, other websites, or the internet

Article 19 (Disclaimer, Warranties, Limitation of Liability)

The Company does not guarantee continuous provision, timeliness, safety, or absence of errors in the Service. The Company also makes no warranties regarding the accuracy or reliability of results obtained through use of the Service. Customer agrees that the Company reserves the right to suspend or terminate the Service indefinitely without notice.
The Company assumes no responsibility even if Customer suffers damages due to specification changes, updates, suspensions, errors, or malfunctions in trading platforms (including but not limited to cTrader), market data, or dashboard functions provided by third parties. The Company does not guarantee the accuracy, timeliness, or continuity of services or data provided by third parties. The Company also assumes no responsibility for results arising from setting items that Customer can change themselves.
Customer agrees that use or inability to use the Service is at their own risk. The Service and all products and services provided through the Service are provided "as is" without any warranties except as expressly specified by the Company. This includes no implied warranties regarding product quality, fitness for particular purposes, durability, title, or non-infringement. Customer understands and accepts that use of the Service is based on their own responsibility and risk, and that provided content may contain errors or defects. The Company disclaims all express or implied warranties to the maximum extent permitted by applicable law.
The Company, the Company's directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers, and licensors are not liable for the following damages regardless of contract or tort (including negligence). However, in countries or regions where applicable law does not permit exclusion or limitation of liability, the Company's liability is limited to the maximum extent permitted by applicable law. i. Direct, indirect, incidental, punitive, special, or consequential damages ii. Loss of profits, revenue, savings, data, or replacement costs iii. Damages related to use of the Service or use of products obtained through the Service iv. Damages arising from errors, omissions in content, or transmission of information via the Service
The Company is not liable for damages (including lost profits, data loss, personal or property damage) arising from use of the Service, related tools, functions, information, or website content. If the Company's liability is recognized by a court or competent authority, the compensation amount is limited to the amount Customer paid for the relevant service.
All information on this Website is provided for research purposes regarding financial markets and is not investment advice. Opinions, news, analysis, and price information published on this Website are general market commentary and should not be used as the basis for investment decisions. The Company does not provide investment recommendations or investment opportunity analysis.
The Company is an education and evaluation company and does not accept deposits or provide financial services. Accounts provided in the Service are available only in simulation environments using virtual currency and have no real financial value. The Company is not a broker.
Demo Accounts are simulation environments reflecting actual market prices and execution conditions and are not actual trading accounts.
Results of demo trading in simulation environments have limitations. Unlike actual trading, they may not reflect the effects of liquidity or market factors and may contain corrected data. Since simulation results are designed based on hindsight, accounts provided by the Company do not guarantee past or future profits or losses.
Traders featured on this Website are examples, and published performance represents past simulation results and does not guarantee future results. Trading financial products involves significant risks and is not suitable for all investors.
The Company does not engage in the following transactions:

i. Transactions that exchange amounts calculated based on differences from pre-agreed values regarding financial indicators such as securities or currencies ii. Transactions that calculate compensation based on differences between open prices (bid/ask) and settlement prices (ask/bid) using market prices of foreign exchange or other financial indicators as standards

The Company does not receive fees from Customer in Phase 3. Service usage fees are for education and evaluation purposes, not compensation purposes. Therefore, the Service does not constitute over-the-counter derivative transactions and is outside the regulatory scope of Japan's Financial Instruments and Exchange Act (FIEA). Phase 3 compensation is money provided as part of the evaluation program and is not a means to solicit Customer. Therefore, this does not constitute "premiums" under the Act against Unjustifiable Premiums and Misleading Representations (UPMRA).

Article 20 (Indemnification)

Customer is responsible for indemnifying and defending the Company against third-party claims or demands (including reasonable attorney fees) arising from violations of these Terms of Use or documents based on these terms, or violations of law or infringement of third-party rights. Customer agrees not to make indemnification claims against the Company, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns, and employees regarding these matters.

Article 21 (Severability)

Even if any provision of these Terms of Use is deemed illegal, invalid, or unenforceable, such provision shall apply to the maximum extent permitted by applicable law. Unenforceable portions are deemed separated from these Terms of Use, and such determination does not affect the validity and enforceability of other provisions of these Terms of Use. Each contract is based on independent legal frameworks, and their validity is interpreted individually.

Article 22 (Contract Term, Termination, and Cancellation)

All evaluation program (Phase 1 and Phase 2) contracts are concluded for the period until pass/fail determination of evaluation program Phase 1 or Phase 2 is confirmed.
Phase 3 contracts are concluded for indefinite periods until the relevant account terminates or either party cancels or terminates the contract.
Either party reserves the right to terminate Service-related contracts for any reason with 30 days' notice. The Company also reserves the right to cancel such contracts in the following cases. Even if Fundora can include contracts and Demo Accounts in similar services (e.g., switching trading platforms), no compensation or remuneration is paid to Customer unless separately agreed with the Company. i. When contract performance conflicts with legal or contractual obligations of contracting parties ii. When violating orders or guidance from government agencies or other regulatory bodies iii. When contract continuation endangers Fundora and Fundora's business operations
Obligations and debts of parties incurred before cancellation survive after contract cancellation. These Terms of Use remain effective until cancelled by either Customer or the Company.
The Company may immediately cancel this contract without notice at its sole discretion in the following cases. In this case, Customer continues to bear payment obligations for all unpaid amounts up to the cancellation date. Furthermore, the Company may restrict or refuse access to the Company's services (or parts thereof), and Customer's rights to compensation, remuneration, and purchase refunds are forfeited.

i. When Customer violates any provision or regulation of these Terms of Use, or when the Company reasonably determines such violation has occurred ii. When Customer does not comply with regulatory or obligatory conditions (particularly but not limited to those related to AML/CFT*)

When the Company determines there are reasons for cancellation, Customer's accounts and their balances may be frozen or seized indefinitely by the Company.

Article 23 (Entire Agreement)

These Terms of Use and policies and operating rules posted by the Company on this Website or regarding the Service constitute the complete contract between Customer and the Company. These apply in priority over previous or contemporaneous agreements, communications, and proposals (including past versions of these Terms of Use) whether oral or written. If there are ambiguities in interpreting these Terms of Use, they shall not be interpreted unfavorably to the Company. In the event of any contradiction or discrepancy between different language versions of these Terms, the Japanese version shall take precedence as the authoritative version.

Article 24 (Governing Law and Jurisdiction)

These terms and other provisions shall be interpreted and applied based on Japanese law.
Disputes accompanying or related to these terms and the Service shall be subject to the exclusive agreed jurisdiction of the Tokyo District Court as the court of first instance.

Article 25 (Changes to Terms of Use)

The latest version of these Terms of Use can always be confirmed on this webpage. The Company reserves the right to revise part or all of the terms by notifying updates or changes to these Terms of Use on this Website. Customer is responsible for regularly checking changes to these terms. If Customer continues to use this Website or the Service after changes to these terms, Customer is deemed to have agreed to the changes.

Article 26 (Contact Information)

Please send questions regarding these Terms of Use to the Company's contact (support@fundora-trading.com).

Article 27 (Final Provisions)

No provision of these terms limits legal claims under other provisions of these terms or applicable law.
Even if the Company or third parties authorized by the Company do not enforce compliance with these terms, this shall not be deemed a waiver of the Company's rights or claims.
The Company may assign all claims arising from these terms or contracts based on these terms to third parties without Customer's consent. Customer agrees that the Company, as assignor, may assign rights and obligations based on these terms or contracts or parts thereof to third parties. On the other hand, Customer has no authority to assign or transfer all or part of Customer's rights and obligations based on these terms or contracts or parts thereof, or claims arising therefrom, to third parties.
Unless expressly specified in these terms, practices established between parties or general industry practices do not apply and do not form parties' rights and obligations. They are also not considered in interpreting parties' expressions of intent.

Article 28 (Effective Date)

These terms apply immediately to all contracts concluded after these terms take effect.