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. In the event of any conflict, BEM Funding reserves the right to determine the applicable provision.
These Terms of Use apply exclusively to accounts granted as part of giveaways, promotions, or other discretionary campaigns ("Giveaway Accounts"). In the event of conflict between these Terms and BEM Funding’s general Terms & Conditions, these 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 in writing, 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.
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 21 (twenty-one) 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
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) − (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
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 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.
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
The User may hold positions overnight and over weekends for Forex, Indices, Metals, and Energies, subject to applicable swap fees.
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. Failure to do so is at the User’s sole risk.
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 Trader Accounts are prohibited.
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
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.
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.