TERMS OF USE - BEM EXTENDED
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 use the account. Use of the User's account by a third party is prohibited. If this is detected, BEM Funding reserves the right to close the User's account and reclaim any rewards the User may have earned.
2. Instruments and Leverage
Instruments are available as displayed on the 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 Extended Program are:
- Forex: 1:100
- Metals/Energies: 1:30
- Indices: 1:30
- Cryptocurrencies: BTC/ETH 1:5; Altcoins 1:2
Leverage and contract size limits may vary by instrument and market conditions as indicated on the Symbols Page.
3. Evaluation Structure
The Extended Program operates under two-phase evaluation consisting of Phase 1 (“Challenge”) and Phase 2 (“Consistency”).
3.1. Phase 1 – Extended Challenge
- Profit Target: 10% of the Initial Balance
- Maximum Daily Loss: 4% of the Initial Balance
- Maximum Total Loss (Max Drawdown): 8% 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 – Extended Consistency
- Profit Target: 5% of the Initial Balance
- Maximum Daily Loss: 4% of the Initial Balance
- Maximum Total Loss (Max Drawdown): 8% 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 termination of the account.
4. Maximum Daily Loss
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:
Maximum Daily Drawdown = Higher of (Equity or Balance at 22:00 UTC) − (4% 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 profits, losses from closed positions, floating P/L, swap fees, and commissions.
5. Maximum Drawdown
The Maximum Trailing Drawdown is 8% of the Initial Balance, applied to the Highest Water Mark achieved from closed positions and capped at the Initial Balance.
5.1. Trailing Logic
- The drawdown level trails upward as the account balance increases, based on the Highest Water Mark.
- The drawdown level does not decrease due to losses.
- The drawdown level will never trail above the Initial Balance. Once reached, it becomes fixed.
- Any reward reduces the Highest Water Mark to the Initial Balance, thereby lowering the maximum drawdown threshold.
A breach occurs if equity (including open positions) falls below the applicable drawdown level at any time. The drawdown calculation includes profits, losses from closed positions, swap fees, and commissions.
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 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.
7. 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.
7.1. 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.
7.2. 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, whether the violation is a soft breach or a 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 these Terms of Use, you also acknowledge and declare that you have no right to object to the sanctions specified in this clause.
7.3. Affected Instruments
Restrictions apply only to instruments affected by the 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
Cryptocurrency positions may be opened and held 24/7, including weekends, without restriction.
Traditional asset positions may be held over the weekend; however, a 3-day swap may apply on Fridays at market close.
You must comply with scheduled maintenance windows announced weekly via official BEM Funding channels. If a scheduled maintenance window is announced to last 2 hours or longer, you must close any open positions before the maintenance begins.
9. Multiple Challenges and Strategy Restrictions
You may participate in multiple challenges simultaneously.
During the evaluation phase, you must not open trades across your own accounts using the same strategy.
After successful completion of the evaluation process, trade copying across BEM Trader Accounts may be permitted in accordance with applicable program terms.
10. Prohibited Trading Practices
BEM Funding’s Prohibited Trading Practices policy is available atProhibited 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. Platform Limitations
Due to platform limitations, cTrader may not support cryptocurrency pairs with prices exceeding five (5) digits. As a result, certain crypto pairs may be unavailable on cTrader, including but not limited to:
BLASTUSD, BOMEUSD, BONK, DEGENUSD, DOGSUSD, ETHBTCUSD, FOXYUSD, LEVERUSD, MANEKIUSD, MEWUSD, NOTUSD, PEPE, SHIBUSD, SUNUSD.
BEM Funding does not guarantee availability of specific instruments on all platforms and may update availability without prior notice.
12. Reward
The Program operates under a reward ratio of 80% to the User, subject to compliance with all reward eligibility requirements.
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 the master Terms & Conditions.
BEM Funding reserves the right to modify Program parameters 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.