FX UTOPIA – TERMS AND CONDITIONS

Last Updated: October 2nd 2025

1. Introduction

Welcome to FX Utopia (“FX Utopia,” “we,” “us,” or “our”).

These Terms and Conditions (“Terms”) govern your access to and use of the FX Utopia website, evaluation programs, funded accounts, and related services (“Services”).

By registering, purchasing, or participating in any FX Utopia program, you agree to be bound by these Terms in full. If you do not agree, please refrain from using our Services.

FX Utopia provides trading evaluation programs designed to assess trading skill and discipline. FX Utopia does not provide brokerage or investment advisory services. All simulated and funded accounts are for performance evaluation and risk management purposes only.

2. Definitions

For the purpose of these Terms:

“Evaluation” refers to the first and second phases of the FX Utopia trading challenge designed to assess trader performance.
“Funded Account” means a simulated live trading environment provided to traders who successfully pass all evaluation stages.
“Trader” means any participant who registers, purchases, or participates in FX Utopia's programs.
“Drawdown” refers to the loss from a peak balance or equity to a subsequent trough.
“Profit Split” means the percentage of net profits shared with the trader during payout cycles.
“Trading Rules” are the risk management parameters that all traders must comply with to maintain eligibility for payouts and account continuity.

3. Eligibility

To participate in FX Utopia programs, you must:

Be at least 18 years of age.
Have the legal capacity to enter into a binding agreement.
Not reside in any restricted jurisdiction subject to sanctions or regulatory prohibitions.
Use your real name and accurate personal information for registration and KYC verification.
Use the platform strictly for lawful purposes.

FX Utopia reserves the right to refuse participation to any applicant at its sole discretion.

4. Nature of Service

FX Utopia provides educational and performance-based trading evaluations. All trading environments are simulated, and traders operate under conditions designed to mirror real market environments.

Passing the evaluation does not imply employment or guarantee profit. All payouts are made based on simulated trading results and performance review.

FX Utopia is not a broker, financial institution, or investment advisor. No actual trades are executed on live markets.

5. Evaluation and Funded Accounts

Phase 1 – Evaluation

Traders must achieve a 10% profit target within 30 calendar days.
The maximum daily drawdown must not exceed 5%.
The maximum overall drawdown must not exceed 10%.
A minimum of 5 trading days is required.
Traders must follow all other Trading Rules listed in Section 11.

Phase 2 – Verification

Traders must achieve a 5% profit target within 60 calendar days.
The same risk parameters apply as in Phase 1 (5% daily, 10% total).
A minimum of 5 trading days is required.

Funded Account

Upon successful completion of both phases:

The trader is eligible for a Funded Account with simulated live capital.
There is no fixed profit target, but all Trading Rules remain in effect.
Payouts are distributed bi-weekly based on approved profit shares.

6. Profit Split and Payouts

Traders are entitled to 80% of net profits, which may increase to 90% for consistent performance.
The first payout becomes available after 14 days of trading on the funded account.
Subsequent payouts occur every 14 days thereafter.
Payouts are subject to compliance approval, verification of trading activity, and adherence to all Trading Rules.
FX Utopia may adjust payout schedules due to compliance or security reviews.

7. Fees and Payments

Participation in any Evaluation requires full payment of the applicable program fee at registration.
All payments are non-refundable, except in the case of a verified platform error or technical fault acknowledged by FX Utopia.
Payment processing is handled by third-party providers; FX Utopia does not store or access your full payment information.
In case of chargebacks, disputes, or fraudulent transactions, the trader's account will be permanently terminated.

8. Account Termination

FX Utopia reserves the right to terminate, suspend, or revoke access to any account under the following circumstances:

Violation of Trading Rules or Terms.
Use of prohibited trading methods or EAs.
Fraudulent behavior, identity misrepresentation, or chargebacks.
Suspicious activity that may harm FX Utopia's reputation or systems.
Breach of confidentiality or intellectual property rights.

Terminated accounts are not eligible for refunds or payouts.

9. Compliance and Verification

All traders must complete Know Your Customer (KYC) verification before receiving any payouts.
FX Utopia reserves the right to request identification documents at any stage of participation.
Failure to comply will result in account suspension and forfeiture of profits.

10. Prohibited Activities

The following activities are strictly forbidden:

Use of Expert Advisors (EAs) or automated trading systems of any kind.
Copy trading, signal mirroring, or trade replication from another account.
Martingale, grid, arbitrage, latency exploitation, or tick manipulation strategies.
Account sharing, team trading, or collaboration between multiple individuals on a single account.
Exploiting server delays, price feed discrepancies, or artificial trade inflation.

Violation of these prohibitions will lead to immediate termination and forfeiture of all profits.

11. Trading Rules

The following rules apply to all Evaluation and Funded Accounts:

Daily Drawdown Limit: 5% of the account's starting daily balance (including open trades).
Maximum Overall Drawdown: 10% of the initial account balance.
Daily Profit Cap: 25% of the account's daily starting balance. Profits exceeding this limit will not count toward payouts or evaluations.
Trade Limit: Maximum of 20 trades per day.
Lot Size Limit: No single trade may exceed 10 lots; combined open trades may not exceed 50 lots.
Minimum Trading Days: 5 per phase.
Weekend Trading: Permitted; traders must manage risk due to potential gaps or maintenance.
News Trading: Allowed, but traders assume full responsibility for volatility and slippage.
Profit Consistency: Irregular lot sizes, sudden large gains, or inconsistent risk behavior may result in compliance review.
EAs and Automation: Not permitted under any circumstances.

Failure to comply with any rule will invalidate account performance and result in disqualification or denied payout.

12. Intellectual Property

All content, software, text, graphics, and systems associated with FX Utopia are the exclusive property of FX Utopia.

You may not reproduce, modify, distribute, or resell any proprietary materials, algorithms, or trading structures used by the company.

13. Risk Disclaimer

Trading foreign exchange and CFDs involves significant risk and may not be suitable for all individuals.
Past performance does not guarantee future results.
FX Utopia provides simulated accounts for educational and performance-based purposes only; no live funds are traded.
By using our services, you acknowledge full responsibility for your trading actions and outcomes.

14. Limitation of Liability

FX Utopia, its directors, employees, and partners shall not be liable for any direct, indirect, incidental, or consequential damages arising from:

Use or inability to use our platform.
Losses incurred through trading activities.
Technical issues, delays, or data transmission errors.
Suspension or termination of accounts for rule violations.

The total liability of FX Utopia shall not exceed the amount paid for the evaluation program in question.

15. Indemnification

You agree to indemnify and hold harmless FX Utopia, its affiliates, and partners from any claims, damages, or expenses resulting from your use of the Services, rule violations, or unlawful conduct.

16. Amendments

FX Utopia reserves the right to modify, amend, or update these Terms and the Trading Rules at any time.
Any significant changes will be communicated via the website or email.
Continued participation after updates constitutes acceptance of the revised Terms.

17. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of Canada, under the jurisdiction of Vancouver, British Columbia.

In case of disputes, both parties agree to resolve matters through binding arbitration before resorting to legal proceedings.

18. Contact Information

For any inquiries, please contact us at:

FX Utopia – Legal & Compliance Department
Email: support@fxutopia.com
Website: www.fxutopia.com

19. Acceptance of Terms

By creating an account or participating in any FX Utopia program, you acknowledge that you have read, understood, and agreed to these Terms and Conditions, including all Trading Rules, payout structures, and compliance requirements.

Terms & Conditions