TERMS OF USE – BEM ASCEND
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.
They apply exclusively to accounts granted as part of giveaways, promotions, or discretionary campaigns (“Giveaway Accounts”).
In case of conflict, these Giveaway Terms shall prevail for Giveaway Accounts.
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 winning User may access and operate the Giveaway Account. Use by any third party is strictly prohibited. If detected, BEM Funding reserves the right to terminate the account and forfeit any associated benefits.
1.1. Giveaway-Specific Eligibility Restrictions
a) Any User who has previously received a BEM Ascend Giveaway Account shall be permanently ineligible for any future Giveaway Accounts, regardless of subsequent giveaway wins, selections, or promotions, unless BEM Funding explicitly grants written approval.
b) Any attempt to gain an advantage through:
- multiple registrations,
- multiple identities,
- different email addresses, devices, IP addresses, or similar methods,
will result in immediate disqualification. If such activity is detected after a win, BEM Funding may revoke the Giveaway Account retroactively, regardless of phase completion or performance.
c) Giveaway Accounts are granted free of charge, at BEM Funding’s sole discretion, and do not constitute a purchased service or contractual entitlement. BEM Funding is under no obligation to replace, reinstate, or compensate any revoked or failed Giveaway Account.
d) Any use of automated systems, scripts, bots, emulators, VPNs, proxy services, device masking, or similar technologies intended to manipulate, obscure, or circumvent giveaway eligibility, selection, or monitoring mechanisms is strictly prohibited.
Detection of such activity may result in immediate disqualification, retroactive revocation of the Giveaway Account, forfeiture of any rewards, and permanent exclusion from future giveaways.
1.2. Giveaway Misrepresentation
Any false, misleading, incomplete, or inaccurate information provided by the User during giveaway participation, registration, verification, or account setup constitutes a material breach of these Terms.
BEM Funding reserves the right to invalidate a giveaway win, revoke the Giveaway Account, and deny any associated benefits, regardless of trading performance or phase completion.
1.3. Inactivity Rule & Time Limit
Giveaway Accounts are subject to time and activity limitations. Each evaluation phase must be completed within twenty-one (21) calendar days from activation.
Failure to comply may result in account termination or failure, regardless of progress.
2. Instruments and Leverage
The leverage limits for the BEM Ascend – Giveaway Account are:
- Forex: 1:30
- Metals: 1:5
- Energies: 1:5
- Indices: 1:5
- Cryptocurrencies: BTC / ETH: 1:1.5 Altcoins: 1:1
Leverage and contract size limits may vary depending on instrument and market conditions.
3. Evaluation Structure
The BEM Ascend – Giveaway Program operates under a three-phase evaluation structure consisting of Phase 1 – Challenge, Phase 2 – Consistency, and Phase 3 – Verification.
- Phase 1 – Challenge
- Phase 2 – Consistency
- Phase 3 – Verification
Compliance with all rules in each phase is mandatory. Failure to meet any requirement or breach of any rule results in failure of the Giveaway Account.
3.1. Phase 1 – Challenge
- Profit Target:6% of Initial Balance
- Maximum Daily Loss:3% of Initial Balance
- Maximum Total Loss (Max Drawdown):6% of Initial Balance
- Minimum Trading Days:3 trading days
- Minimum Daily Profit Requirement:0.5% realized profit per trading day, based on the Initial Balance
3.2. Phase 2 – Consistency
- Profit Target:6% of Initial Balance
- Maximum Daily Loss:3% of Initial Balance
- Maximum Total Loss (Max Drawdown):6% of Initial Balance
- Minimum Trading Days:3 trading days
- Minimum Daily Profit Requirement:0.5% realized profit per trading day, based on the Initial Balance
3.3. Phase 3 – Verification
Phase 3 serves as a validation phase to confirm strategy consistency, risk management, and compliance.
- Profit Target:6% of Initial Balance
- Maximum Daily Loss:3% of Initial Balance
- Maximum Total Loss (Max Drawdown):6% of Initial Balance
- Minimum Trading Days:3 trading days
- Minimum Daily Profit Requirement:0.5% realized profit per trading day, based on the Initial Balance
4. Maximum Daily Loss Rule
The Maximum Daily Loss is the maximum amount you may lose within a trading day.
The daily loss threshold is recalculated daily at 22:00 UTC using the following method:
Daily Loss Limit = Higher of (Equity or Balance at 22:00 UTC) − (3% of Initial Balance)
If at any time after the threshold is set your equity or balance falls below the Daily Loss Limit, the account is considered breached and will be terminated.
The daily loss calculation includes closed trades, floating P/L, commissions, and swap fees.
5. Maximum Drawdown Rule
The Maximum Drawdown is a fixed loss limit equal to 6% of the Initial Balance. This drawdown does not trail and does not increase as profits increase.
If exceeded by any amount, the Giveaway Account is considered breached and will be terminated.
6. News Trading Restrictions
For the purposes of these Terms, “High-Impact News” refers to announcements shared through BEM Funding’s official Discord news channels and Telegram channel.
6.1. Traditional Assets (Forex, Indices, Metals, Energies)
You may keep trades open during the Restricted Window (4 minutes before and after High-Impact News).
You must not execute or modify any market orders, pending orders, Stop Losses, or Take Profits during the Restricted Window.
6.2. Breaches and Consequences
A single violation of these rules is considered a soft breach. Two soft breaches are considered a hard breach. Any gains or progress made here may be cancelled if these rules are violated in either way soft or hard breach.
To clarify, Profits generated in violation of this clause may be deducted. Losses remain the User’s responsibility. In addition, we reserve the right to terminate your account in the event of a hard breach.
Compliance controls may be performed after evaluation completion.
By accepting this Terms of Use, you also acknowledge and declare that you have no right to object to the sanctions specified in this clause.
Restrictions apply only to instruments affected by the relevant news event (e.g., USD news affecting USD-related instruments).
6.3. Affected Instruments
Restrictions apply only to instruments affected by the news event. 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.
7. 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 exceeded, the system may automatically close violating positions without notice.
Three (3) breaches may result in enforcement, including account termination and loss of reward eligibility.
8. Weekend and Overnight Holding
You may hold positions overnight and over weekends for Forex, Indices, Metals, and Energies.
Scheduled maintenance windows announced through official BEM Funding channels must be respected. Failure to close positions when required is the User’s responsibility.
9. Multiple Accounts and Strategy Restrictions
Participation in multiple paid challenges does not override giveaway restrictions.
Trade copying, mirroring, or coordinated strategies between Giveaway Accounts and other BEM Funding accounts are prohibited.
10. Prohibited Trading Practices
All Prohibited Trading Practice apply fully to Giveaway Accounts. Violations may result in enforcement actions including profit forfeiture, termination, and permanent restriction from future giveaways.
11. Rewards
Any reward associated with a Giveaway Account is discretionary, subject to:
- successful completion of all phases,
- compliance with all rules,
- internal review and verification.
BEM Funding reserves the right to limit, delay, reduce, or deny rewards without obligation to provide justification beyond rule enforcement.
12. 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 detection methods, provide detailed evidence, or prove intent when enforcing these Terms, and all determinations shall be made at BEM Funding’s sole discretion.
Any breach of these Terms may result in immediate enforcement actions, including termination without prior notice.
13. Final Provisions
Giveaway participation does not create a right to appeal, arbitration, or dispute resolution specific to giveaway outcomes beyond those already provided under BEM Funding’s master Terms & Conditions.
Participation in a giveaway constitutes acceptance of these Terms of Use and BEM Funding’s master Terms & Conditions.
BEM Funding reserves the right to modify, suspend, or discontinue Giveaway Accounts or giveaway campaigns at any time.