Client Agreement
Comprehensive agreement governing the relationship between LuxoraFX and evaluation program participants
Client Agreement
Last Updated: December 2024 | Version 3.0
1. Parties and Definitions
1.1 Parties: This Client Agreement ("Agreement") is entered into between LuxoraFX, a proprietary trading firm organized under the laws of the United Arab Emirates ("Company," "we," "us," or "our"), and the individual or entity participating in our evaluation programs ("Client," "you," or "your").
1.2 Key Definitions:
- Evaluation Program: Simulated trading challenges designed to assess trading skills and risk management capabilities
- Funded Account: Live trading account with real capital provided by LuxoraFX upon successful completion of evaluation phases
- Trading Platform: Electronic trading systems and software provided for executing trades
- Trading Rules: Specific requirements and restrictions governing trading activities in evaluation and funded accounts
- Profit Sharing: Distribution of trading profits between LuxoraFX and funded traders according to agreed percentages
1.3 Agreement Scope: This Agreement governs all aspects of the relationship between the parties, including evaluation program participation, potential funded account provision, and ongoing service delivery.
2. Services and Programs
2.1 Evaluation Programs: LuxoraFX offers three distinct evaluation programs:
- Fast FX Plan: Single-phase evaluation with 15% profit target, 7% maximum loss, 4% daily loss limit, 1:50 leverage
- Regular Plan: Two-phase evaluation with 10%/8% profit targets, 10% maximum loss, 5% daily loss limit, 1:100 leverage
- Swing Plan: Two-phase evaluation with 10%/8% profit targets, 10% maximum loss, 5% daily loss limit, 1:30 leverage, weekend trading allowed
2.2 Platform Access: We provide access to professional trading platforms including:
- cTrader platform for desktop and mobile devices
- Real-time market data and charting tools
- Risk management and monitoring systems
- Performance analytics and reporting
- Customer support and technical assistance
2.3 Educational Resources: Clients receive access to:
- Trading guides and educational materials
- Market analysis and research tools
- Webinars and training sessions
- Performance feedback and coaching
- Community forums and support networks
3. Client Obligations and Responsibilities
3.1 Eligibility Requirements: Clients must:
- Be at least 18 years of age and legally competent
- Not be a resident of restricted jurisdictions
- Complete identity verification and KYC procedures
- Provide accurate and truthful information
- Have sufficient trading knowledge and experience
- Understand and accept the risks associated with trading
3.2 Compliance Obligations: Clients must:
- Strictly adhere to all trading rules and program requirements
- Maintain confidentiality regarding proprietary information
- Use trading platforms and services only for authorized purposes
- Report any technical issues or suspicious activities promptly
- Comply with applicable laws and regulations in their jurisdiction
- Maintain accurate records of trading activities
3.3 Prohibited Activities: Clients are strictly prohibited from:
- Sharing account credentials or allowing third-party access
- Engaging in market manipulation or fraudulent activities
- Using unauthorized trading strategies or software
- Attempting to circumvent risk management systems
- Violating intellectual property rights
- Engaging in money laundering or terrorist financing
4. Payment Terms and Conditions
4.1 Evaluation Program Fees:
- One-time fees are required for each evaluation program
- Fees vary based on program type and account size
- Payment must be completed before account activation
- Fees are generally non-refundable except in specific circumstances
- Additional fees may apply for account resets or extensions
4.2 Accepted Payment Methods:
- Credit and debit cards (Visa, Mastercard)
- Bank wire transfers
- Digital payment platforms (PayPal, Skrill, etc.)
- Cryptocurrency payments (where legally permitted)
- Other methods as approved by LuxoraFX
4.3 Refund Policy: Refunds may be provided in limited circumstances including:
- Technical failures preventing fair evaluation
- Unauthorized charges or payment errors
- Service unavailability due to company issues
- Regulatory changes affecting service provision
- Other exceptional circumstances at company discretion
5. Funded Account Provisions
5.1 Funding Eligibility: Funded accounts are provided to clients who:
- Successfully complete all required evaluation phases
- Demonstrate consistent adherence to trading rules
- Pass final verification and compliance checks
- Maintain good standing with LuxoraFX
- Meet ongoing performance and risk management standards
5.2 Profit Sharing Structure:
- Initial profit sharing: 80% to trader, 20% to LuxoraFX
- Enhanced profit sharing available based on performance
- Profit calculations based on closed positions only
- Monthly profit distributions subject to minimum thresholds
- Profit sharing terms may be adjusted based on account scaling
5.3 Account Scaling Opportunities: Successful traders may be eligible for:
- Increased account sizes based on consistent performance
- Enhanced profit sharing percentages
- Reduced restrictions and increased flexibility
- Access to additional trading instruments
- Priority support and dedicated account management
6. Risk Management and Monitoring
6.1 Automated Risk Controls: All accounts are subject to:
- Real-time monitoring of positions and exposure
- Automatic position closure at loss limits
- Daily and overall drawdown restrictions
- Position size and leverage limitations
- News and weekend trading restrictions (where applicable)
6.2 Performance Monitoring: We continuously monitor:
- Trading performance and consistency
- Risk-adjusted returns and Sharpe ratios
- Adherence to trading rules and guidelines
- Market exposure and correlation analysis
- Behavioral patterns and trading psychology
6.3 Account Suspension and Termination: Accounts may be suspended or terminated for:
- Violation of trading rules or program requirements
- Exceeding maximum loss limits
- Engaging in prohibited trading practices
- Failure to maintain required performance standards
- Compliance violations or suspicious activities
7. Intellectual Property and Confidentiality
7.1 Company Intellectual Property: LuxoraFX retains all rights to:
- Trading platforms and proprietary software
- Risk management systems and algorithms
- Educational materials and training content
- Branding, trademarks, and marketing materials
- Business processes and methodologies
- Client data and performance analytics
7.2 Confidentiality Obligations: Clients must maintain strict confidentiality regarding:
- Proprietary trading strategies and methodologies
- Risk management systems and parameters
- Evaluation criteria and scoring mechanisms
- Business operations and competitive information
- Other clients' information and performance data
- Any non-public information obtained during the relationship
7.3 License Grant: LuxoraFX grants clients a limited, non-exclusive, non-transferable license to use our platforms and services solely for authorized trading activities during the term of this Agreement.
8. Limitation of Liability and Disclaimers
8.1 Service Disclaimers: LuxoraFX provides services "as is" and disclaims warranties regarding:
- Uninterrupted or error-free service availability
- Accuracy of market data or platform information
- Suitability of services for specific purposes
- Trading results or profit guarantees
- Third-party service provider performance
8.2 Liability Limitations: LuxoraFX's liability is limited to:
- Direct damages not exceeding fees paid by the client
- Exclusion of indirect, consequential, or punitive damages
- No liability for trading losses or missed opportunities
- No responsibility for third-party actions or failures
- Force majeure events and circumstances beyond our control
8.3 Client Acknowledgment: Clients acknowledge and accept that trading involves inherent risks and that LuxoraFX cannot guarantee profitable outcomes or protect against all potential losses.
9. Agreement Termination
9.1 Termination by Client: Clients may terminate this Agreement:
- At any time with written notice to LuxoraFX
- Subject to completion of outstanding obligations
- Without refund of evaluation program fees
- With settlement of any outstanding profit distributions
- Upon return of any company property or confidential information
9.2 Termination by LuxoraFX: We may terminate this Agreement for:
- Material breach of Agreement terms or trading rules
- Fraudulent activities or misrepresentation
- Failure to meet evaluation or performance requirements
- Compliance violations or regulatory concerns
- Business reasons with appropriate notice
9.3 Post-Termination Obligations: Upon termination:
- All trading activities must cease immediately
- Platform access will be revoked
- Confidentiality obligations remain in effect
- Final settlements will be processed according to terms
- All company property must be returned
10. General Provisions
10.1 Governing Law: This Agreement is governed by the laws of the United Arab Emirates, and any disputes shall be subject to the exclusive jurisdiction of UAE courts.
10.2 Amendment: LuxoraFX may modify this Agreement with reasonable notice. Continued use of services after modifications constitutes acceptance of the updated terms.
10.3 Severability: If any provision of this Agreement is found unenforceable, the remaining provisions shall continue in full force and effect.
10.4 Entire Agreement: This Agreement, together with our Terms and Conditions and other referenced policies, constitutes the entire agreement between the parties.
10.5 Contact Information: For questions regarding this Agreement, please contact:
Legal Department: [email protected]
Client Services: [email protected]
Phone: +971-50-8596-279
Address: Office # 210 Al-Nasar Sports Club, Dubai, UAE