TERMS OF USE – BEM ONE ONLY
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 the event of any 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 One Only Program are as follows:
- Forex: 1:50
- Metals: 1:15
- Energies: 1:15
- Indices: 1:15
- Cryptocurrencies: BTC/ETH 1:2; Altcoins 1:1.5
Leverage and contract size limits may vary by instrument and market conditions, as indicated on the Symbols Page.
3. Evaluation Phase Requirements
The Program consists of a single evaluation phase.
To successfully complete the evaluation, the User must meet all of the following conditions:
Profit Target: 6% of the Initial Balance
Maximum Daily Drawdown: 3% of the Initial Balance
Maximum Drawdown: 6% of the Initial Balance
Failure to meet any requirement or breach of any rule results in termination of the account.
4. Maximum Daily Drawdown
The Maximum Daily Drawdown represents the maximum loss permitted within a 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 − (3% of Initial Balance)
If, at any time after the threshold is set, the User’s equity falls below the applicable 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
The Maximum Drawdown is set at 6% of the Initial Balance and is calculated using an end-of-day balance trailing methodology.
For the purposes of these Terms, End-of-Day Balance means the account balance recorded at 22:00 UTC.
The drawdown level is recalculated daily based on the End-of-Day Balance.
The drawdown level trails upward as the account balance increases but never decreases due to losses.
The drawdown level will never trail above the Initial Balance. Once the drawdown level reaches the Initial Balance, it becomes fixed and no longer trails upward.
A breach occurs if equity (including open positions) falls below the active drawdown level at any time.
The drawdown calculation includes profits and losses from closed positions, floating profit/loss on open positions, commissions, and swap fees.
6. Equity Guard
The Equity Guard limits the maximum total risk exposure across all open positions, applicable after completion of the evaluation phase.
Under Equity Guard, the maximum total risk exposure across all open positions must not exceed 2% of the Initial Balance.
If this limit is exceeded, any position(s) causing the violation will be automatically closed without notice.
Each breach of Equity Guard reduces the User's reward split by 20 percentage points from the standard 80% ratio. For example, to 60% after the first breach and 40% after the second. Reductions are cumulative and apply for the remainder of the account's lifecycle. Three (3) breaches result in loss of reward eligibility and account termination.
7. News Trading and Weekend Holding
News trading is permitted throughout all stages of the Program.
However, trading strategies designed primarily to capitalize on High-Impact News events are not permitted. This includes, without limitation, directional trading, straddles, strangles, capitalizing on the initial market reaction following a news release, and opening positions immediately before or after a news event for the purpose of benefiting from resulting market volatility.
BEM Funding reserves the right to determine, in its sole discretion, whether trading activity constitutes prohibited news trading.
Positions may be held overnight and over weekends without restriction.
Cryptocurrency positions may be held continuously, including weekends.
Users must comply with scheduled maintenance windows announced through official BEM Funding communication channels. If a maintenance window of two (2) hours or longer is announced, open positions must be closed before the maintenance period begins.
8. Reward on Demand & Eligibility Conditions
The Program operates under a reward ratio of 80% to the User, subject to compliance with all reward eligibility requirements.
Reward eligibility does not override drawdown or buffer requirements.
The Program offers Reward-on-Demand, allowing Users to request rewards at any time, provided all eligibility criteria are met. Reward requests remain subject to verification and approval by BEM Funding.
To request a reward, all of the following conditions must be satisfied:
- No single trading day may account for more than 30% of the total realized profits. This rule applies cumulatively across the entire trading history at the time of the reward request.
The Consistency Score is calculated using the following formula:
Consistency Score = (Highest Single-Day Realized Profit / Lifetime Realized Profit) × 100
Any attempt to manipulate, distort, or circumvent the Consistency Score requirement through hedging, partial closures, trade splitting, delayed position closures, or similar techniques is prohibited. Where such activity is identified, BEM Funding may consolidate the resulting profits into a single trading day when calculating the Consistency Score and reward eligibility. - The requested reward amount must be at least USD 150.
- The account must not have breached the Maximum Daily Drawdown or Maximum Drawdown rules at any time.
8.1. Buffer Requirement
Following a reward, the User must maintain a buffer equal to at least 50% of the Maximum Daily Drawdown amount.
Failure to maintain the required buffer may result in account termination.
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 at Prohibited Trading Practice and applies in full to this Program. These rules are binding on the User. Violations may result in profit forfeiture, reduction of reward split eligibility, loss of reward eligibility, suspension, termination, and/or permanent restriction from BEM Funding’s Services.
10.1. Hedging and Offset Trading Strategies
Hedging across multiple BEM Funding accounts, or within the same account group, is prohibited.
Any profits or losses generated by positions involved in such activity may be excluded from performance calculations, reward eligibility calculations, and payout calculations.
Each breach of this rule reduces the User's reward split by 20 percentage points from the standard 80% ratio. Reductions are cumulative and apply for the remainder of the account's lifecycle.
BEM Funding reserves the right to determine, in its sole discretion, whether trading activity constitutes prohibited hedging or offset trading.
10.2. High-Risk Trading Strategies
High-risk trading strategies intended to recover losses, artificially accelerate account growth, or create disproportionate directional exposure are prohibited.
Such strategies may include, without limitation:
- Martingale strategies;
- excessive averaging down;
- one-sided betting strategies;
- aggressive pyramiding strategies;
- systematically increasing position sizes following losses; and
- substantially similar trading practices.
BEM Funding reserves the right to determine, in its sole discretion, whether trading activity constitutes a prohibited high-risk trading strategy.
Profits generated through such activity may be removed, adjusted, or excluded from performance calculations, reward eligibility calculations, and payout calculations.
11. 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 determinations regarding compliance shall be made at BEM Funding’s sole discretion.
Any breach of these Terms of Use may result in enforcement actions, including profit adjustments, reduction of reward split eligibility, suspension, termination of the account, loss of reward eligibility, and/or permanent restriction from the Services.
Where a specific consequence is stated elsewhere in these Terms, BEM Funding may apply that consequence in addition to any other enforcement measures permitted under these Terms and the master Terms & Conditions.
12. 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, discontinue, or amend 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.