TERMS OF USE – BEM CLASSIC SWING
BEX Software Development L.L.C-FZ, operating under the trade name BEM Funding (“BEM Funding”, “we”, “us”, “our”).
These Terms of Use supplement BEM Funding’s main Terms & Conditions, Privacy Policy, AML Policy, and related documents. In case of conflict, BEM Funding reserves the right to determine the applicable provision.
1. Eligibility and Account Access
You must be at least 18 years old (or the age of majority in your jurisdiction) and legally capable of entering into a binding agreement.
Unless explicitly authorized by BEM Funding, only the User may access and operate the account. Use of the account by any third party is strictly prohibited. If such use is detected, BEM Funding reserves the right to terminate the account and reclaim any associated benefits or rewards.
2. Instruments and Leverage
Instruments are available as displayed on the trading platform and/or the Symbols Page. BEM Funding may add, remove, or modify available instruments at any time. Instrument availability may vary depending on the platform.
The leverage limits for the BEM Classic Swing Program are as follows:
- Forex: 1:30
- Metals: 1:9
- Indices: 1:15
- Cryptocurrencies: BTC/ETH 1:1.2; Altcoins 1:1
Leverage and contract size limits may vary by instrument and market conditions as indicated on the Symbols Page.
3. Evaluation Structure
The BEM Classic Swing Program operates under a two-phase evaluation structure consisting of:
- Phase 1 – Swing Mastery – Challenge
- Phase 2 – Swing Mastery – Consistency
Compliance with all rules in both phases is mandatory. Failure to meet any requirement or breach of any rule results in failure of the phase and termination of the account.
3.1. Phase 1 – Swing Mastery – Challenge
- Profit Target: 9% of the Initial Balance
- Maximum Daily Drawdown: 4.5% of the Initial Balance
- Maximum Total Loss (Drawdown): 9% of the Initial Balance
- Minimum Trading Days: 3 trading days
- Minimum Daily Profit Requirement: each trading day must achieve at least 0.5% realized profit based on the Initial Balance
3.2. Phase 2 – Swing Mastery – Consistency
- Profit Target: 4.5% of the Initial Balance
- Maximum Daily Drawdown: 4.5% of the Initial Balance
- Maximum Total Loss (Drawdown): 9% of the Initial Balance
- Minimum Trading Days: 3 trading days
- Minimum Daily Profit Requirement: each trading day must achieve at least 0.5% realized profit based on the Initial Balance.
Failure to meet any requirement, or any breach of any rule, results in failure of the phase and/or termination of the account.
4. Maximum Daily Drawdown
The Maximum Daily Drawdown is the maximum amount that the User may lose within a single trading day.
The daily drawdown threshold is recalculated daily at 22:00 UTC using the following method:
Maximum Daily Drawdown = Balance at 22:00 UTC − (4.5% of Initial Balance)
If, at any time after the threshold is set, the User’s equity or balance falls below the Daily Drawdown Limit, the account is considered breached and will be terminated.
The daily drawdown calculation includes profits and losses from closed positions, floating profit/loss on open positions, commissions, and swap fees.
5. Maximum Drawdown Rule
The Maximum Drawdown is a fixed loss limit equal to 9% of the Initial Balance. This drawdown does not trail and does not increase as profits increase.
If the account exceeds this Maximum Drawdown by any amount, the account is considered breached and will be terminated.
The drawdown calculation includes profits and losses from closed positions, floating profit/loss on open positions, commissions, and swap fees.
6. Maximum Risk Per Symbol
After completion of the evaluation phases, the maximum risk exposure on any single trading symbol must not exceed 1.2% of the Initial Balance.
If this limit is exceeded, the system may automatically close violating positions without prior notice.
Three (3) breaches of this rule may result in enforcement action, including account termination and loss of reward eligibility.
7. News Trading Restrictions
For the purposes of these Terms, "High-Impact News" refers to announcements communicated through BEM Funding’s official Discord news channels and official Telegram channel.
7.1. Permitted Activity
Trades opened, and orders placed, eight (8) or more hours before a High-Impact News event are permitted to:
- be held throughout the news event; and
- be freely modified (including adjustment of Stop Loss and Take Profit) during the Restricted Window.
7.2. Restricted Activity
Trades or orders opened within eight (8) hours before a High-Impact News event are subject to the following restrictions:
- They are permitted to remain open throughout the event.
- However, during the Restricted Window (defined as four (4) minutes before and four (4) minutes after the event), the following actions are strictly prohibited for such trades:
- Execution, closure, or modification of the trade or order.
- Placing, modifying, or triggering any market orders, limit orders, Stop Losses, or Take Profits.
7.3. Breaches and Consequences
A single violation of these rules constitutes a "soft breach". Two soft breaches constitute a "hard breach".
Any gains or progress resulting from a violation may be cancelled, whether the violation is a soft breach or a hard breach. Profits generated in violation of this clause may be deducted; losses remain the User’s sole responsibility. In addition, BEM Funding reserves the right to terminate the account in the event of a hard breach.
Compliance controls may be performed at any time, including after the completion of the evaluation phases.
By accepting these Terms of Use, the User acknowledges and agrees that they have no right to object to the sanctions specified in this clause.
7.4. Affected Instruments
Restrictions apply only to instruments affected by the relevant news event. For example, USD-related news may affect, including but not limited to: EURUSD, GBPUSD, USDCHF, XAUUSD, GER40, US30, US100, and US500. Cryptocurrency pairs are not subject to news trading restrictions.
8. Weekend and Overnight Holding
The User may hold positions overnight and over weekends on all supported instruments.
The Swing Account operates on a fully swap-free basis.
The User must comply with scheduled maintenance windows announced through BEM Funding’s official channels. Where a scheduled maintenance window is announced to last two (2) hours or longer, the User must close any open positions before the maintenance begins.
9. Multiple Accounts and Strategy Restrictions
The User may participate in multiple challenges simultaneously.
During the Challenge and Consistency phases, the User must not open trades across their own accounts using the same strategy.
Following successful completion of the evaluation process, trade copying across BEM Trader Accounts may be permitted in accordance with the applicable program terms.
10. Prohibited Trading Practices
BEM Funding’s Prohibited Trading Practices policy is available at Prohibited Trading Practice and applies in full to this Program. These rules are binding on the User. Violations may result in profit forfeiture, loss of reward eligibility, suspension, termination, and/or permanent restriction from BEM Funding’s services.
11. Reward
The Program operates under a reward ratio of 80% to the User, subject to compliance with all reward eligibility requirements.
12. Reward Eligibility
Upon activation of a BEM Trader Account and at the start of each subsequent trading period, at least three (3) trading days must be completed before a reward request may be submitted.
This requirement applies to every reward request, including the first and all subsequent requests.
13. Enforcement and Termination
BEM Funding may monitor, audit, and review trading activity and platform usage at any time. BEM Funding is not required to disclose its detection methods, provide detailed evidence, or prove intent when enforcing these Terms; all such determinations shall be made at BEM Funding’s sole discretion.
Any breach of these Terms may result in immediate enforcement action, including suspension or termination of the account without prior notice.
14. Final Provisions
Participation in the Program constitutes acceptance of these Terms of Use and BEM Funding’s master Terms & Conditions.
BEM Funding reserves the right to modify, suspend, or discontinue the Program at any time, with prior notice where reasonably practicable.
These Terms of Use are drafted and published in English. Where a translation into any other language is provided for convenience, the English version shall be the sole authoritative version. In the event of any discrepancy or conflict between the English version and any translation, the English version shall prevail.