ALPHA CHALLENGE                                          

 TERMS AND CONDITIONS FOR ALPHA CHALLENGE

Liquid Fintech Ltd UK operates the prop trading service called Nitro. It is based in the United Kingdom, with its principal place of business at 20-22 Wenlock Road, London UK.

These General Terms and Conditions apply to all our services and platforms. Please read them carefully. We also recommend that you check this page often for any changes to our general Terms and Conditions for BluLive (“us”, “we”) website. Terms and Conditions of Registration are in addition to the general Terms and Conditions of Reading.

Registration

• You agree that:

(1)  You will keep your username and password safe and won’t share them with anyone.

(2) You will not pass yourself off as someone else or create multiple false accounts. You will only operate your account and not let anyone else use your account.

Terms

• If you breach these or any of our other terms and conditions, we reserve the right to close your account; if we do so, we may close all accounts you have open in your name.
• To deactivate your account, don’t hesitate to contact our support team by support ticket; or via their details found under “contact us” on our home page.

 General

• No waiver by us of any breach of these terms shall constitute a waiver of any other prior or subsequent breach, and we shall not be affected by any delay, failure or omission to enforce or express forbearance granted in respect of any of your obligations.

• The rights and remedies of this, under these terms, are independent, cumulative and without prejudice to its rights under the law.

• These terms are not intended to create and shall not create any rights, entitlements, claims or benefits enforceable by any third party under the Contracts (Rights of Third Parties) Act 1999.

Alpha Challenge

You have 60 days to pass our single stage real account evaluation. 8% profit return will result in a Nitro account without any further fees.

The profits gained during the evaluation are retained in the Nitro account alongside our own margin. You may not withdraw this evaluation profit. You will be paid after evaluation from 60% up to 80% as you withdraw more and more.

The evaluation phase is to test your ‘real market’ trading behaviour and give us an idea of what type of trader you are.

We do NOT have any negative day rules in our programs.

Alpha single evaluation has 4 starting balance levels for your circumstance and confidence levels. At Nitro stage, account balances are doubled every 10% ROI without withdrawal.

 $10,000. —–> One Time Fee $125

 $20,000 —–> One Time Fee $240

 $40,000 —–> One Time Fee $460

 $80,000 —–> One Time Fee $920

You have 60 days to pass our single stage real account evaluation. 8% profit return will result in a Nitro account without any further fees.

The profits gained during the evaluation are retained in the Nitro account alongside our own margin. You may not withdraw this evaluation profit. You will be paid after evaluation from 60% up to 80% as you withdraw more and more.

The evaluation phase is to test your ‘real market’ trading behaviour and give us an idea of what type of trader you are.

We do NOT have any negative day rules in our programs.

Parameters

Evaluation

Maximum Drawdown – 8%

Profit Target – 8%

Leverage – 20:1

Payout – Non

Minimum Days – 15

Maximum Days – 60

Fee – One Time

Live Account

Maximum Drawdown – 8%

Profit Target – 1%

Leverage – 100:1

Payout – up to 80%

Minimum Days – Non

Maximum Days – Non

Fee – Non

Risk Disclaimer

Liquid Markets or its brokers may change margin requirements at any time in line with perceived or actual excessive changes in volatility and/or liquidity.

Liquid Markets or its brokers may cancel orders or trades at any time in line with the perceived or actual risk of non-execution of stop or limit orders due to market conditions. Accounts under margin calls may not carry weekend positions and margins called total or partial positions may be liquidated by the system at any time.

Liquid Markets or its brokers are not responsible for the variable spread, liquidity levels or limit order execution parameters provided by liquidity providers and market makers.

Account leverage and/or required margin percentages may fluctuate in line with the average daily range across the majors and minor pairs.

You are required to read our account parameters and limits before trading. Unauthorized trading activity due to ignorance of the parameters will lead to the forfeiture of the trading account. Parameters and limits apply equally to every real account, demo or promo.

CONFLICT OF INTEREST AND TRANSPARENCY

FCA regulators in the UK require Liquid to use regulated brokers. Liquid itself does not require regulation as it is a proprietary trading fund.

Liquid Markets, Liquid Businesses and Liquid Cap are associated. Collectively ‘Liquid Group’ does not provide or carry on any brokerage or agency business. The group is a provider of venture and trading funds.

All spot forex or FX futures trading accounts are margin funded by Liquid Group and are held at fully independent regulated brokers in Europe. Liquid Group has no ownership or financial interest in any broker, liquidity provider or liquidity bridge or ECN.

Spot Forex trades are passed by our brokers to liquidity providers and are risk-managed using rule-based algo.

We and our partners benefit from the use and sale of data and signals created collectively by subscriber traders.

TERMINATION OF SUBSCRIPTIONS, PROCEDURE AND APPEAL

We may, in our sole judgment, terminate your account, in the following circumstances.

Breaking of the drawdown rule, defined in Trading Rules on the website.

Liveness test failure.

Breaking rules, after being warned that the continued breaking of such rules constitutes a reason to terminate your account.

Gross negligence or Malicious Intent on your part, including social media posts or reviews falsely implying a breach of agreement terms by our firm. Any action taken by us that conforms to the stipulations within the terms and conditions agreed by you during the onboarding process may not be offered publicly without the full context of the specific clause in the terms and conditions agreed to.

You, the customer, are not allowed to trade multiple accounts, open at the same time. This includes accounts in your name, and/or other people’s names. This includes trading for friends, family, and/or a group. In case you are found out trading multiple accounts, all affected accounts will be terminated.

Group trading is not allowed and will result in the termination of all affected accounts. Group trading consists of multiple persons trading the same system or strategy, resulting in near-equal trades. Generally speaking, upon account withdrawal a correlation analysis is run by the risk team. Any account displaying above the threshold correlation factor with other accounts will trigger an investigation.

Accounts under investigation will be disabled immediately and you will be invited to appeal once the risk team has concluded the investigation or after a maximum of 1 week.

In the event the account is cleared the subscription will be extended by a week.

In the event the account is found to have broken the rules, forfeiture will follow with no refund or renewal or resubscription allowed.

In the event of a successful appeal or inconclusive outcome, you will be obliged to renew the subscription for a month during which the risk team will monitor your trading activities. Any payouts in this period will be a maximum of 50%.

Termination or forfeiture will never result in any repayment obligation for our firm.

You are not responsible for any losses on accounts, except in the case of Gross Negligence or Malicious Intent. In the case of Gross Negligence or Malicious Intent, you are responsible only for any losses due to this Gross Negligence.

You will be liable for any loss of income due to damage to the reputation for our firm as a result of publishing falsehoods or engaging in slanderous or libelous conduct

ANTI-MONEY LAUNDERING POLICY (AML)

Money laundering is the criminal process of converting the amounts of illegally obtained money (by terrorism, corruption, drug dealing, etc.) with hiding its true source into legal investments. It happens because the illegal nature of such funds will not be discovered due to them becoming of material value.

The government of every country fights against money laundering and terroristic financial operations because it is necessary to prevent the entry of criminal funds into the economy. Financial and commercial institutions are the most easily accessible for illegal processes of terroristic and criminal organizations. Broker currency services are especially vulnerable. Thus, the company and its brokers take an active part in the prevention of such criminal activity in the whole world.

Please see our AML Policy for full details. For our AML objectives we make the following actions:

We conduct the process of verification of your identity and personal information and monitor all trades and transactions made by you.

Our team traces all suspicious trades and also those made under irregular circumstances.

If we suspect any illegal account activity, we have the full right to cancel such accounts at any time.

According to international law, we are not not obligated to give you any reasons or notifications about suspicion of the user’s criminal actions.

Such company actions are based on the AML FATF references.

Multiple Accounts Policy

It is prohibited to have or to control more than one real account on our platform.

If it is detected that a customer has more than one account, all of the accounts will be disabled. The customer may be permitted to continue with a single re-subscription, while the others will stay blocked permanently.

If it is concluded that a customer controls multiple accounts to overcome the margin limits set by the company, AML suspicious activity report may not be sent, but a fraud report may still be sent.

By purchasing Alpha plan, you agree that you have read these terms and conditions.