ReadyFundFx terms and conditions
Please find below a comprehensive list of the Terms and Conditions related to the use
of our services. It is important that you make yourself aware of these and agree to them
before using our services.
Please read these terms and conditions carefully before using this site
These terms outline the rules for subscribing to our services
Funded Trader Agreement Between RFFX INTERNATIONAL LTD (Party 1) and Trader (Party 2).
READYFUNDFX will provide its own funds to the trader for prop trading purposes. There is an entry fee which is obligated to be paid by the trader, which is according to the selected plan. The fee covers services provided by READYFUNDFX to the trader including your live account and the support in order to help you to get the most out from your trading. This Agreement specifies the terms under which the Trader will be contracted to READYFUNDFX. READYFUNDFX shall supply trading facilities, risk monitoring services, and a trading account which will be funded by READYFUNDFX.
1.1 Definitions In this Contract, the following terms shall have the following meanings, unless the context otherwise requires: “Commencement Date” means the signing day of the agreement. “Profit Share” means the proportion of net trading profit earned by the Trader, further details of which are set out at clause 8 below. “Services” means the risk monitoring services provided by READYFUNDFX .
1.2 Clause and schedule headings do not affect the interpretation of this contract.
1.3 A person includes a corporate or unincorporated body.
1.4 Words in the singular include the plural and, in the plural, include the singular.
1.5 A reference to one gender includes a reference to all genders.
1.6 A reference to a statute or statutory provision is a reference to it as it is in force for the time being
taking account of any amendment, extension, or re-enactment and includes any subordinate legislation for the time being in force made under it.
This Contract shall commence on the Commencement Date and shall continue until terminated by either
party under the terms of clause 10 or until a new Contract is proposed by READYFUNDFX and accepted by the Trader.
3. Services Provided by READYFUNDFX.
3.1 After passing our evaluation interview, a trader is provided with login credentials for
a virtual trading firm’s live trading account where we generate real cash flow. A
ReadyFundFx account is a fully simulated account within real market quotes from
liquidity providers. we copy the trades at our own discretion using aggregated orders.
Thank to our proprietary risk management algorithm.
Clients are entitled to up to 50% of profits generated on the ReadyFundFx account. This
solution is much administratively easier and gives us more freedom to actively manage
3.2 READYFUNDFX operates within the financial services community and trades only own funds, but READYFUNDFX itself does not carry out any regulated activities and consequently is not required to be authorized by the Financial Conduct Authority. All of READYFUNDFX ’s preferred clearers do conduct regulated activities and are
authorized to do so by the Financial Conduct Authority.
4. Data Protection For the purposes of the Data Protection Act 1998 the Contractor consents to the
processing of all or any personal data (in manual, electronic or any other form) relevant to this
agreement, by the Client and/or any agent or third party nominated by the Client and bound by a duty of confidentiality.
Processing includes but is not limited to obtaining, recording, using and holding data and includes the transfer of data
to any country, either inside or outside the EEA. READYFUNDFX
5. Fee and Payment;
5.1 All paid fees are non-refundable in partial or in full, once the funded account has been created.
However, the fee will be refunded once the trader hits a 20% profit 4 times.
5.2 The Initial Fee shall be subject to change from time to time, and READYFUNDFX shall provide the
Trader with 7-day notice prior to any changes being implemented. 5.3 A joining and admin fee as a one-
off payment according to the plan (Standard $297 / medium $497 / Premium $697) to be paid prior to
starting trading, which covers the service provided by READYFUNDFX to the trader including the
preparation of the live-trading account.
6. Employment Status;
6.1 For the purposes of this Contract, the Trader shall be an independent self-employed contractor
trading as a separate legal entity in his own right, and not the servant, employee, partner,
representative or agent of READYFUNDFX , and he has no power or authority to enter into any
contract on behalf of READYFUNDFX or the Trading Company.
6.2 The Trader shall bear exclusive responsibility for the payment of his National Insurance
contributions as a self-employed person and for discharge of any Income Tax, VAT and any other
taxation liability arising out of remuneration or trading profits earned under this contract.
6.3 The Trader agrees to indemnify and keep indemnified READYFUNDFX against all liability arising
out of any amount of Income Tax, VAT or any other taxation liability or National Insurance contributions
to which READYFUNDFX may be assessed in respect of the Trader’s performance (such indemnity to
include any legal and accounting costs on an indemnity basis which READYFUNDFX incurs).
7. Trading Parameters;
The Trader shall be required to trade within the trading parameters set out by
READYFUNDFX . The parameters shall include risk limits such as position size limits and maximum
drawdown defined for each individual trader based on the markets he chooses to
\trade. If a trader breaches any of the trading rules at any time, the account will be disabled, and he is
not eligible for the profit share. Any open trades may not be auto-liquidated; however, the account will
become ineligible for trading. To continue with the opportunity for funding, the funded trading account
requires a reset. Trading Rules; Please be advised that we require you to utilize your own Trading
System in combination with READYFUNDFX’s risk and money management trading rules, as stated
below. – You start with an Initial Balance according to the selected plan (Standard $10,000 / medium
$25,000 / Professional $50,000), we will steadily increase your account by 50% every time 20% profit is
reached up to a maximum trading volume of $1,000,000. READYFUNDFX . The Maximum Position Size
for Forex (Currency and Crypto Currency) is 0.1 lot per $2,000 at any one time. For other assets (Indices,
Metals, Oils, Commodities) it is 0.01 lot per $2,000 at any one time (cumulative of all open orders). –
Each trade must be placed with a stop loss. The Stop loss should be placed within 30 Minutes of the
Placement of the trade. – Overnight positions are allowed. – Weekend positions: All positions can be held
over the weekend period according to risk exposure. – The trader is allowed to trade major events
including: NFP, interest rates decisions, Central banks speeches etc., but all exposure must be in
alignment with the drawdown limits. – The Maximum Drawdown Limit is set at: 20% of the Initial
Balance – The trader is allowed to trade all kinds of tradable assets including majors, minor cross pairs,
exotic, commodities and indices.
8. Profit Sharing The Trader receives 50% of all profits; READYFUNDFX receives 50% of all profits. The
Trader is compensated on a profit split basis only and receives 50% of the profits every time 20% of
profit is reached within the risk parameters. READYFUNDFX increases the size of the account by 50% of
the Funded Account Balance every time the Trader reaches a target of 10% profit within the risk
parameters. Any profit or loss made without respecting risk rules, READYFUNDFX is not compelled to a
payout. The Trader is not liable for losses.
9.1 All paid fees are non-refundable in partial or in full, once the funded account has been created.
However, the fee will be refunded once the trader hits a 20% profit 4 times.
9.2 If READYFUNDFX decides to withdraw a trader from the program, the joining fee will not be
9.3 The paid fees are not considered as trading capital deposit and are not to cover trading losses.
10. Termination of Contract;
10.1 Both parties reserve the right to terminate this Contract with immediate effect.
10.2 After the first 15 days, READYFUNDFX has the right to terminate the contract if the trader's
account is in a loss or profit is less than 30% after this period. READYFUNDFX also reserves the right to
terminate the contract if at least one profit share has not been achieved on the trading account after a
period of 15 days.
10.3 The following matters are examples of gross misconduct, entitling READYFUNDFX to terminate the
Contract summarily without notice. It is not an exhaustive list, but includes:
10.3.1 A breach of trading rules without authorization;
10.3.2 Disclosure of confidential information to third parties;
10.3.3 Inappropriate behavior (such as the use of offensive or discriminating language towards other
traders or staff of READYFUNDFX ;
10.3.4 Use of reputational damaging language regarding READYFUNDFX, which is unfounded to either
internal or external parties.
11. Force Majeure;
11.1 READYFUNDFX shall not be liable to the Trader for any loss, damage or otherwise suffered by the
Trader if it is prevented from or delayed in performing any of its obligations under this Contract, or from
carrying on its business by acts, events, omissions or accidents beyond its reasonable control or any
other cause which affects performance of this contract (“Force Majeure Event”) and shall notify the
trader as soon as reasonably possible.
11.2 Where the Trader is affected by the Force Majeure Event, he shall immediately give READYFUNDFX
written notification of the nature and extent of the Force Majeure Event and the parties shall enter into
bona fide discussions with a view to alleviating its effects or to agreeing upon such alternative
arrangements as may be fair and reasonable.
11.3 Flash Crashes, Market crashes, major events and not normal market conditions are considered as
force majeure the trader and READYFUNDFX are not liable to any losses caused or any profit made
during such market conditions.
12.1 During the term of this Contract and for any period after termination or expiration of this Contract
for any reason whatsoever, each party shall treat as strictly confidential all information received or
obtained as a result of entering into or performing this Contract which relates to the provisions or
subject matter of this Contract, to any other party or the negotiations relating to this contract.
12.2 Any party may disclose information which would otherwise be confidential if and to the extent:
12.2.1 It is required to do so by law or any securities exchange or regulatory or governmental body to
which it is subject wherever situated;
12.2.2 It considers it necessary to disclose the information to its professional advisors, auditors and
bankers, provided that it does so on a confidential basis; READYFUNDFX
12.2.3 The information has come into the public domain through no fault of that party; 12.2.4 The
information was previously disclosed to it without any obligation of confidence; or 12.2.5 Each party to
whom it relates has given its consent in writing.
13. Notices Notices must be served either personally, sent by prepaid registered post or emailed to the
address of the other party given in this Contract or to any other address as the parties may have notified
during the period of the Contract. Any notice sent by post will be deemed to have been delivered 48
hours after sending. Any notice sent by email or served personally will be deemed to have been
delivered on the first working day following its dispatch.
14.1 The Trader may not transfer, charge or otherwise seek to deal in any of its rights or obligations
under this Contract without the prior written consent of READYFUNDFX .
14.2 READYFUNDFX may transfer, charge or otherwise seek to deal in any of its rights or obligations
under this Contract without any requirement to notify or obtain the consent of the Trader.
15. Entire Contract This Contract sets out the entire Contract and understanding between the parties in
relation to the subject matter of this Contract and each of the parties hereby confirms that it has not
entered into this Contract in reliance upon any representation, warranty or undertaking, written or oral,
to whomsoever made which is not set out or referred to in this contract.
16. Severability; If any provision of this Contract is held by a court or other competent authority to be
invalid or unenforceable in whole or in part, the validity of the other provisions of the Contract and the
remainder of the provision in question shall not be affected.
17. Counterparts; This Contract may be executed in any number of counterparts and by the parties to it
on separate counterparts, each of which is an original but all of which together constitute one and the
18. Third Parties A person who is not a party to this Contract has no rights under the Contracts (Rights
of Third Parties) to enforce any term of this Contract, but this does not affect any right or remedy of a