> For the complete documentation index, see [llms.txt](https://docs.strikebit.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.strikebit.xyz/strikebit_funded_account_and_reward_agreement/strikebit-funded-account-and-reward-agreement.md).

# STRIKEBIT - FUNDED ACCOUNT AND REWARD AGREEMENT

Version 1.0 · Effective \[DATE] Accepted by clickthrough when your Funded Account is opened.

### 1. WHAT THE FUNDED ACCOUNT IS

1.1 A Funded Account is a simulated trading account with a Notional Balance of the size you qualified for.

1.2 No order placed on a Funded Account is sent to, matched on, or executed at any exchange, trading venue or counterparty. Prices are derived from live USDT perpetual futures market data. The prices are real. The execution is not.

1.3 The Notional Balance is a measurement unit. It is not money, not an asset owned by you, not held on your behalf, and not capable of withdrawal, transfer, pledge or assignment.

1.4 You have no ownership, custody, control, beneficial interest or proprietary right in any account, asset, position or trade of the Reward Provider, StrikeBit FZ-LLC, or any affiliate.

1.5 You contribute no capital. You bear no liability for simulated losses.

1.6 The word “funded” is a product name used because it is the term traders recognise. It does not mean capital is placed under your control.

***

### 2. WHAT A REWARD IS - AND IS NOT

2.1 A Reward is a cash payment made by the Reward Provider from its own funds, calculated by reference to simulated performance, payable when the conditions in clause 3 are met.

2.2 A Reward is not: (a) an investment return, dividend, coupon or interest; (b) a wage, salary or other employment income; (c) guaranteed income of any kind; (d) the return of any capital you contributed - you contribute none; (e) the proceeds, settlement or payout of any transaction executed on your behalf in any market; or (f) a distribution from any fund, pool or collective investment scheme.

2.3 A Reward is contractual consideration for a service: the outcome of a performance-measurement exercise you have completed under published rules.

2.4 Nothing in this Agreement creates a securities offering, a derivative, a deposit, a loan, a partnership, a joint venture, a fiduciary relationship, or an employment relationship.

#### 2A. ACTIVATION OF THE FUNDED ACCOUNT

2A.1 A Funded Account is created when you pass an Evaluation but is not tradeable until it is activated. Activation requires all of the following:\ <br>

<table data-header-hidden><thead><tr><th width="59.11328125"></th><th></th></tr></thead><tbody><tr><td>#</td><td>Condition</td></tr><tr><td>(a)</td><td>You have accepted this Agreement</td></tr><tr><td>(b)</td><td>You have completed identity verification - government-issued photo identification and, where we require it, a live selfie or short video</td></tr><tr><td>(c)</td><td>You are not resident in a Restricted Territory, you are not a Designated Person, and no sanctions or politically-exposed-person match is outstanding against you</td></tr></tbody></table>

\
\
2A.2 These conditions are objective and published. We have no discretion to refuse activation to a person who satisfies them.

2A.3 Verification is performed once. We do not repeat it for the same Account unless the document expires, the information you gave us changes, or we have reasonable grounds to re-verify. We re-screen you against sanctions and politically-exposed-person lists on an ongoing basis, which requires nothing from you.

2A.4 Where activation does not occur because verification could not be completed, and the reason is not fraud, a false declaration, a sanctions or politically-exposed-person match, or your refusal to provide a document you hold, the Access Fee for the Evaluation is refunded under clause 2.6 of the Refund Policy.

***

### 3. WHEN A REWARD BECOMES PAYABLE - THE CONDITIONS

3.1 A Reward becomes payable when all of the following are satisfied at the time of your request:

<table data-header-hidden><thead><tr><th width="62.578125"></th><th></th></tr></thead><tbody><tr><td>#</td><td>Condition</td></tr><tr><td>(a)</td><td>Your Funded Account is active and not in breach of any risk limit</td></tr><tr><td>(b)</td><td>At least 3 profit days have been completed on the Funded Account</td></tr><tr><td>(c)</td><td>The Funded Account is in cumulative profit</td></tr><tr><td>(d)</td><td>Your identity verification under clause 2A is complete and remains valid</td></tr><tr><td>(e)</td><td>You are not resident in, or located in, a Restricted Territory, and you are not a Designated Person. Citizenship is not a criterion - see clause 4.2 of the Evaluation Terms</td></tr><tr><td>(f)</td><td>At least 7 calendar days have passed since your last Reward request</td></tr><tr><td>(g)</td><td>The consistency rule in clause 5 is satisfied</td></tr><tr><td>(h)</td><td>The request is within the weekly limit in clause 6</td></tr><tr><td>(i)</td><td>No determination under clause 8 is outstanding against you</td></tr></tbody></table>