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”).
You must comply with all rules in both phases. Failure to meet any requirement or breach of any rule results in failure of the phase and/or termination of the account.
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.
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) − (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 Trailing Drawdown Rule
The Maximum Simulated Drawdown for the Extended Program is calculated using a Trailing Drawdown Model, capped at the Initial Balance.
The drawdown amount is fixed as 8% of the Initial Balance and is applied to the Highest Water Mark achieved from closed positions.
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 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.
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 Challenge and Consistency phases, 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
Click here to review the Prohibited Trading Practice. These rules are binding on you. Violations of these rules may result in profit forfeiture, loss of reward eligibility, suspension, termination, and/or permanent restriction from 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.
13. Reward Eligibility
Upon activation of a BEM Trader account and at the start of each subsequent trading period, at least three 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 rewards.
14. Enforcement and Termination
BEM Funding may monitor, review, and audit trading activity and platform usage to ensure compliance.
Any breach of these Terms of Use may result in enforcement actions, including restriction, suspension, or termination of the account.
15. 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.