Terms and Conditions

UCapital Academy Agreement - General Terms and Conditions


These general terms and conditions (the “T&Cs”) govern the rights and obligations relating to the use of the services provided by UCapital24 Ltd. (the “Services”), offered primarily through the website https://ucapitalprop.com (the “Website”). Please read these T&Cs carefully.

1. Introductory provisions.

1.1. The T&Cs govern the rights and obligations of the user (hereinafter also referred to as "you", "your", or the "Customer") in relation to the use of the Services provided by UCapital24 Ltd, whose registered office is C/O Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS, registered with the Registrar of Companies for England and Wales at 132244044 (hereinafter also referred to as "UCapital" or the "Provider").

1.2. By registering on the Website or, where registration is not required, at the latest by the first use of the Services, the Customer enters into a contract with the Provider, the object of which is the provision of the Services. The T&Cs form an integral part of this contract and, therefore, the Customer by registering on the Website or, where registration is not required, at the latest with the first use of the Services, consents to these T&Cs.

1.3. The Services are intended exclusively for persons over the age of 18 (eighteen) years residing in the countries for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.

1.4. The Provider shall not provide the Services to a Customer who: (i) has a nationality or residence in jurisdictions where the Services are restricted or prohibited; (ii) is established or incorporated or has a registered office in jurisdictions where the Services are restricted or prohibited; (iii) is subject to relevant international sanctions; or (iv) has a criminal record relating to financial crimes of terrorism. The Provider reserves the right to refuse, restrict or terminate the provision of any Services to the Customer under this Article 1.4. and such Customer shall be prohibited from using the Services.

1.5. The Services consist of the provision of tools for simulated trading of foreign currency on the forex market or for simulated trading of other financial instruments on other financial markets, the provision of analytical tools, training and educational materials, access to the Customer section and other ancillary services, through the Customer section or the provision of access to applications provided by the Provider or third parties. Financial market information is used for trading simulation purposes; however, the user acknowledges that any trading conducted through the Services is not real. You further acknowledge that the funds provided for demonstration trading are fictitious and that you have no right to possess such fictitious funds beyond their use within the Services, that they may not be used for any real trading, and that you have no right to payment for such funds. Unless expressly agreed otherwise, you will not be paid any remuneration or profit based on the results of your simulated trading, nor will you be required to pay any losses.

1.6. None of the services provided by the provider may be regarded as an investment service within the meaning of applicable law. The provider does not provide or give any guidance, instruction or information to the user as to how or in what manner the user should execute transactions when using the services or otherwise, or any similar information about the investment instruments traded, nor does the provider accept any such guidance, instruction or information from the user. None of the services constitute investment advice or recommendations. no employee, staff or representative of the provider is authorised to give investment advice or recommendations. In the event that any information or statement by any employee, staff or representative of the provider is construed as investment advice or recommendation, the provider expressly denies that it is investment advice or recommendation and shall not be liable for it.

1.7. The Customer's personal data are processed in accordance with the Privacy Policy, available at the following link: https://ucapitalprop.com/it/privacy-policy/.

2. Services and their order.

2.1. You can order Services through the Website by completing the appropriate registration or order form. It is important to note that registration for Prop Challenge also involves registration for the UCapital24 social network. This integrated process ensures continuous access to all our services.

2.2. The Services include, inter alia, the access to market intelligence, UCapital challenge and verification; these products may differ according to the scope of the Service provided (e.g. according to the analytical tools available to the Customer). With the free trial, the Customer may use some of the Services free of charge in a limited scope and for a limited period. Completion of the free trial does not entitle the Customer to access other Services.

2.3. All data provided by the user via the registration or order form, the customer section or otherwise must be complete, true and up to date. The Customer is obliged to notify us immediately of any changes in his data or to update the data in his customer section. The Customer is responsible for the accuracy and up to dateness of all data provided; the Provider is not obliged to verify the data.

2.4. You acknowledge that if you provide a Tax Identification Number or VAT number or other similar information in the registration or order form or in the Customer Section, or if you claim to be a legal entity, you will be considered an entrepreneur for the purposes of these T&Cs and when using the Services, and the provisions of these T&Cs or applicable law granting rights to consumers will not apply.

2.5. The commission for UCapital challenge products varies depending on the option selected and depends on the amount of initial capital, the degree of acceptable risk, the parameters that must be met for the conditions to be fulfilled and possibly other configurations. More detailed information on the individual options and their fees is available on the website. The final fee will be determined according to the option selected by the user when completing the UCapital challenge product order form. The Provider reserves the right to provide the Services also on individually agreed conditions. All individually agreed conditions shall be determined by the Provider at its own discretion. Individual discounts and other benefits are not cumulative, unless expressly agreed otherwise by the Provider.

2.6. The fee is paid to enable access to the UCapital challenge products or the Services provided as part of the UCapital challenge products. The Customer is not entitled to a refund of the fee, e.g. if the Customer cancels the customer section or requests cancellation by e-mail, if the Customer terminates the use of the Services prematurely (e.g. if the Customer does not complete the UCapital challenge or Verification), if the Customer does not fulfil the conditions of the UCapital challenge or Verification or if the Customer violates these T&Cs. The fee is paid to enable access to the UCapital Challenge products or Services provided under the UCapital Challenge products. Please note that individual users may only purchase one challenge at a time; purchasing multiple challenges at once is not permitted.

2.7. The UCapital challenge option selected by the user when placing the order also applies to the Next Verification. The user will start the Next Verification and possibly other related products with the parameters and the same currency that correspond to the UCapital challenge option selected by the user. Once selected, it is not possible to change it. If a new UCapital challenge is ordered, the restrictions specified in this article 2.7 do not apply.

2.8. The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their completion. The change shall not affect the Services purchased prior to the notification of the change.

2.9. The data entered in the order form can be checked, corrected and changed up to the binding order of the Services. Ordering the Services of your choice is done by sending the order form. The Provider shall immediately confirm receipt of the order to your e-mail address. In the case of the free trial, the order is completed by sending the confirmation to the user's e-mail address, whereby the contract is finalised. In the case of the UCapital challenge, the order is completed with the payment of the fee for the selected option (for further information see article 3.4), whereby the contract between the user and the Provider is concluded, the object of which is the provision of the UCapital challenge and, if the conditions of the UCapital challenge are fulfilled, the test. The contract is concluded in the English language; the Customer, upon request, may request a copy of these T&Cs in the Italian language. The Provider will file the contract in electronic form.

2.10. You acknowledge that in order to use the Services, you must obtain the appropriate technical equipment and software, including third-party software (e.g., software for the use of the trading platform), at your own risk and expense. The Website is accessible from the most commonly used web browsers. The internet access, purchase of the equipment, and purchase of the web browser and its updates are at your own risk and expense. The Provider does not warrant or guarantee that the Services will be compatible with any specific equipment or software. The Provider does not charge any additional fees for the internet connection.

2.11. The User acknowledges that the operators of the trading platforms are persons or entities other than the Provider and that their terms and conditions and privacy policies will apply when the Customer uses their services and products. Before submitting an order form, the user is required to read these terms and conditions and privacy policies.

2.12. If the Customer places an unusually large number of orders for the Services in an unreasonably short period of time, the Provider may warn the Customer via the Customer Section as a precautionary measure to limit the Customer's potentially harmful behaviour. If such unreasonable behaviour continues after such warning, the Provider reserves the right to suspend any further ordering of Services by the Customer. If it is established that such unreasonable behaviour as referred to in this paragraph is related to the Customer's involvement in prohibited trading practices, the Provider may take the actions provided for in Article 5 of these T&Cs. The Provider reserves the right to determine, at its own discretion, the nature of the conduct described above and the reasonable limits for such determination.

3. Payment Terms.

3.1. The commission amounts for Ucapital's challenge options are in euros.

3.2. The costs of the Services are inclusive of all taxes. If the Customer is an entrepreneur, the Customer is obliged to fulfil all his/her tax obligations in connection with the use of the Services in accordance with applicable law and, in case of obligation, the Customer is obliged to pay taxes or other duties correctly.

3.3. It is possible to pay the fee for the selected UCapital challenge option with a payment card, by bank transfer or using other means of payment currently offered by the Provider on the website.

3.4. If you pay by payment card or any other express payment method, payment will be made immediately. If you choose a bank transfer for payment, we will subsequently send you a pro-forma invoice in electronic format with the amount of the fee for the UCapital Challenge option you have chosen on the Website. You undertake to pay the amount within the period specified in the pro-forma invoice. The fee is considered paid when the full amount is credited to the Provider's account. If the user does not pay the amount within the specified period, the Provider has the right to cancel the order. The Customer bears all fees charged to the Customer by the selected payment service provider (based on the payment service provider's valid price list) in connection with the transaction, and the Customer is obliged to ensure full payment of the respective fee for the selected UCapital Challenge.

4. Customer section and trading platform.

4.1. Only one Customer section is permitted per Customer and all Customer Services must be maintained in the Customer section.

4.2. The total number of UCapital disputes and verifications for a Customer section may be limited based on the total sum of initial capitals of the products ordered by the Customer or based on other parameters. Unless the Manager grants an exception to the Customer, initial capital amounts may not be transferred between or combined with individual products. Furthermore, it is not possible to transfer or combine benefits, Service parameters, data or any other information between products. Furthermore, the Customer is aware that it is not permitted to purchase two or more challenges at the same time; in fact, the Service only allows the purchase of one challenge per game period.

4.3. Access to the customer section and the trading platform is protected by login data, which the Customer may not make available or share with third parties. If the Customer has registered as a legal entity, the Customer may allow the use of the Services via the Customer's customer section to employees and authorised representatives. The Customer is responsible for all activities performed through the Customer's Customer section or trading platform. The Provider assumes no liability, and the Customer shall not be entitled to any compensation, for any misuse of the Customer section, the trading platform or any part of the Services, nor shall the Provider be liable for any adverse consequences to the Customer, should such misuse occur for any reason by the Customer. Furthermore, it is important to note that the private area is located within the Market intelligence, which is accessed through the UCapital24 Social Network.

4.4. The Customer acknowledges that the Services may not be available 24 hours a day, in particular with regard to maintenance, updates or any other reason. In particular, the Provider assumes no liability, and the Customer shall not be entitled to any compensation, for the unavailability of the Customer section or trading platform and for damage to or loss of any data or other content that the Customer uploads, transfers or saves via the Customer section or trading platform.

4.5. The Customer may request account cancellation at any time by sending an e-mail to support@ucapitalprop.com. Sending a Customer account cancellation request is regarded as a request for termination of the contract by the Customer, who no longer has the right to use the Services, including the customer section and the trading platform. The Provider will immediately acknowledge receipt of the request to the Customer by e-mail, whereby the contractual relationship between the Customer and the Provider will be terminated. In this case, the Customer shall not be entitled to any reimbursement of fees already paid or costs otherwise incurred.

5. Demo trading rules.

5.1. During demo trading on the trading platform, you may execute any trade, unless it is a prohibited trading strategy or practice under Article 5.4. You also agree to follow standard market rules and practices for trading in the financial markets (e.g. risk management rules). Restrictions may also be imposed by the trading conditions of the trading platform selected for trading.

5.2. The user acknowledges that the Provider has access to information about demo trades executed by the user on the trading platform. The user grants the Provider consent to share this information with persons/entities that are part of a group with the Provider or are otherwise affiliated with the Provider and grants the Provider and these persons/entities consent and permission to handle this information at their discretion. You agree that these activities may be performed automatically without any further consent, consultation or approval on your part and that you are not entitled to any compensation or gain associated with the use of the data by the Provider. The Provider understands that you are not providing the Provider with any investment advice or recommendation through demo trading. The user acknowledges that the Customer may suspend its demo trading on the trading platform at any time.

5.3. The Provider assumes no responsibility for the information displayed on the trading platform, nor for any interruptions, delays or inaccuracies in the market information displayed via the Customer section.

5.4. Prohibited business practices.

5.4.1. During demonstration trading it is prohibited to: (a) knowingly or unknowingly use trading strategies that exploit errors in the services, such as errors in the display of prices or delays in their updating; (b) execute trades using an external or slow data stream; (c) execute, alone or in collaboration with other persons, including between linked accounts or accounts held at different UCapital entities, trades or combinations of trades whose purpose is to manipulate trading, for example, by simultaneously entering into opposite positions (d) execute trades in contradiction to the terms and conditions of the provider and trading platform; (e) use any software, artificial intelligence, ultra-high speed or mass data entry that could manipulate, abuse or give an unfair advantage to the users of our systems or services; (f) execute gap trading by opening trades (i) when major global news, macroeconomic events or corporate reports or earnings ("events") occur that could affect the relevant financial market (e.g. market that allows trading in financial instruments that could be affected by the events), and (ii) 2 hours or less before a relevant financial market is closed for 2 hours or more; or (g) execute other trades in contradiction to the manner in which the trader trades in the forex market or any other financial market, or in such a way that there is a justified concern that the provider may suffer financial or other detriment as a result of the Customer's activities (e.g. excessive leverage, overexposure, one-sided betting, account rolling).

5.4.2. Each Customer may enter into a maximum of two completed trades within a 60 second (one minute) period. This limit is applied continuously during trading hours (so-called "Time Limit for Trades").

For the purposes of this rule, 'trading' means a complete buy or sell transaction of any financial asset executed on the platform.

Any user performing three or more operations within 60 seconds will be considered in violation of this rule.

For users who successfully complete the challenge using high frequency trading (HFT), for the first three months following completion of the challenge, maximum drawdown limits will be reduced to facilitate a more accurate assessment of their trading strategies under real market conditions. During this period, the following drawdown limits will apply: Maximum daily drawdown: Reduced to 1%. Maximum total drawdown: Reduced to 3%.

These restrictions were introduced to ensure that participants using HFT strategies are able to adapt and operate effectively in real trading conditions, and not only in a demo environment. This is a precautionary measure to assess the sustainability and effectiveness of HFT strategies when applied in real, volatile market scenarios.

5.4.3. As our Customer, you should understand and agree that all our Services are intended solely for your personal use, which means that only you personally may access your UCapital challenge and verification accounts and execute trades. For this reason, you must not, and you agree that you will not (a) allow third parties to access and trade in your UCapital challenge and verification accounts, or engage or collaborate with third parties to cause them to execute trades on your behalf, whether they are individuals or professionals; (b) access UCapital challenge and verification accounts of third parties, trade on behalf of third parties or perform account management or similar services, where you agree to trade, trade or manage UCapital challenge and verification accounts on behalf of another user, whether in a professional capacity or otherwise. Please note that if you act or behave contrary to the above, we will treat such action/behaviour as a prohibited trading practice under Section 5.4. with the respective consequences perceived under these T&Cs.

5.4.4. In addition, the Customer shall not exploit the Services by executing trades without applying standard market risk management rules for trading in the financial markets, which includes, inter alia, the following practices (i) opening substantially larger positions than the Customer's other trades, whether on this or any other Customer account, or (ii) opening substantially fewer or larger positions than the Customer's other trades, whether on this or any other Customer account. The Provider reserves the right to determine, at its discretion, whether certain transactions, practices, strategies or situations are prohibited trading practices.

5.5. If the Customer engages in any of the prohibited trading practices described in Article 5.4, (i) the Provider may treat it as a failure to comply with the terms of UCapital's particular challenge or verification, (ii) the Provider may remove the transactions that violate the prohibition from the Customer's trading history and/or not count their results in the profits and/or losses obtained from the demo trading, (iii) immediately cancel all Services provided to the Customer and subsequently terminate this Agreement, or (iv) reduce the leverage offered on the products to 1:5 on any or all of the Customer's accounts.

5.6. In the event that some or all of the prohibited trading practices are performed on one or more challenge and verification UCapital accounts of a Customer, or on accounts of several Customers, or by combining trading across challenge and verification UCapital accounts and trader UCapital accounts, the Provider shall be entitled to cancel all Services and terminate all respective contracts relating to all challenge and verification UCapital accounts of the Customer and/or to apply the other measures referred to in Article 5.5. The Provider may exercise all actions under Articles 5.5 and 5.6 at its own discretion. Please note that individual users may only purchase one challenge at a time; the purchase of several challenges at the same time is not permitted.

5.7. If UCapital traders' accounts have been used for or have been involved in prohibited trading practices, this can and will constitute a breach of the respective terms and conditions for UCapital traders' accounts with the third party provider and may result in the cancellation of all such user accounts and termination of the respective agreements by the third party provider.

5.8. If the Customer repeatedly engages in any of the practices described in Article 5.4, and the Provider has previously informed the Customer of this, the Provider may prevent the Customer from accessing all or parts of the Services, including access to the Customer section and the trading platform, without compensation. In such a case, the Customer shall not be entitled to a refund of the fees paid.

5.9. The Provider assumes no liability for trading or other investment activities performed by the Customer outside the relationship with the Provider, e.g. using data or other information from the Customer section, trading platform, or otherwise relating to the Services, in real trading in the financial markets, even if the Customer uses the same trading platform for such trading as the Customer uses for demo trading.

5.10. financial market trends are subject to frequent and sudden changes. trading on the financial markets may not be profitable and may lead to significant financial losses. any previous performance and profits from the Customer's demo trading are not a guarantee or indication of further performance.

6. Challenge and verification of UCapital.

6.1. After paying the fee for the selected option of the UCapital challenge, the Customer will receive the relevant access data for the trading platform at the e-mail address provided by the Customer or in the Customer section. The Customer activates the UCapital challenge by opening the first demo trade in the trading platform. If the Customer is a consumer, the Customer acknowledges that by opening the first demo trade, the Customer expressly requests the provider to complete the services before the expiry of the withdrawal period from the contract, which affects the Customer's right to withdraw from the contract, as specified in more detail in Art.12. If the Customer does not activate the UCapital challenge within 30 calendar days from the date it was made available to him, his access will be suspended. He may request the renewal of his access via the customer section or by sending an e-mail to support@ucapitalprop.com within 6 months of the initial suspension, otherwise we will discontinue the provision of the Services without any right to reimbursement of the fee. UCapital's challenge has a duration of 30 calendar days from the date of activation.

In order to fulfil the conditions of UCapital's challenge, the Customer must meet all the parameters stipulated in the rules of the challenge.

6.2. If the Customer has fulfilled the conditions of UCapital's challenge specified in Art. 6.1, and at the same time has not violated these T&Cs, in particular the demo trading rules in Art. 5.4, the Provider will assess UCapital's challenge as successful and will provide the Customer with verification free of charge by sending a confirmation message by sending the access data to the Customer's e-mail address or customer section. The Customer may request the evaluation of the UCapital challenge at any time by sending a request to support@ucapitalprop.com or via the customer section. The Provider shall not be obliged to assess the UCapital challenge if the Customer has not closed all transactions.

6.3. The Customer activates the verification by opening the first demo trade in the trading platform. If the Customer does not activate the verification within 30 calendar days from the day of receiving the new access data, the Customer's access to the verification will be suspended. The Customer may request renewal of access via the Customer section or by sending an e-mail to support@ucapitalprop.com within 6 months of suspension, otherwise we will discontinue the provision of the Services without any right to a refund. The duration of the verification is 60 calendar days from the date of activation.

6.4. If during the UCapital challenge the Customer does not meet any of the conditions specified in Art. 6.1, the UCapital challenge will be assessed as failed and access to the next Verification will not be allowed. If during the Verification, the Customer does not fulfil one of the conditions for carrying out the Verification, the Verification will be assessed as failed and the Customer will not be recommended as a candidate for the UCapital trader programme. In such a case, the Customer's account and Services will be cancelled without any refund of fees already paid.

6.4.1 Upon successful completion of the second challenge and subsequent verification, participants are required to undergo a mandatory introductory interview with the UCapital24 management team. This interview is an essential step before starting live trading. UCapital24 offers an educational programme complemented by technological support. Once completed, participants will engage with our investment company or one of the UCapital Group companies for further professional relationships. The purpose of this interview is to:

i) assess the Customer's understanding, i.e., ensure that the Customer has a complete understanding of our trading principles and the responsibilities involved in live trading.

(ii) discuss expectations and, in particular, align expectations and clarify any doubts about the live trading process.

(iii) build a professional relationship between the participant and the UCapital24 management team, fostering a supportive trading environment.

Participants who pass the challenge will be contacted by UCapital24 to schedule the interview.

6.5. The Provider recommending the Customer as a candidate for the UCapital trader programme in no way guarantees the Customer's acceptance into the UCapital trader programme. The Provider is not liable if the Customer is rejected from the UCapital trader programme for any or no reason.

7. UCapital Trader.

If the Customer successfully passes the challenge and subsequent verification, a third party company may, at its sole discretion, offer the Customer a contract to participate in UCapital's trader programme. The terms, conditions and agreement between the Customer and a third-party company are strictly agreed upon by the latter. The evaluation of UCapital is in no way involved in the UCapital trader programme agreement - or lack thereof - concluded between the third party company and the Customer. The Customer acknowledges that his personal data may be shared with a third party company for the purpose of evaluating the offer of such an agreement.

8. Use of the website, services and other content.

8.1. The Website and the Services, including the customer section, their appearance and all applications, data, information, multimedia elements such as text, drawings, graphics, designs, icons, images, audio and video samples and any other content that may constitute the Website and the Services (collectively, the “Content”), are subject to legal protection under copyright law and other legal regulations and are the property of the Provider or its licensors. Provider grants you limited, non-exclusive, non-transferable, non-assignable and revocable permission to use the Content for the purpose of using the Services for your personal use and in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to you and remains the property of Provider or its licensors.

8.2. All trademarks, logos, trade names and other designations are the property of the Provider or its licensors and the Provider does not grant the user any authorisation to use them.

8.3. Both the Customer and the Provider undertake to act in accordance with the principles of fairness in the performance of the contract and in mutual negotiations and, in particular, not to damage the good reputation and legitimate interests of the other party.

8.4. Except for the rights expressly set out in these T&Cs, the Provider does not grant the User any other rights in respect of the Services and other Content. You may only use the Services and other Content as set out in the T&Cs.

8.5. When accessing the Services and other Content, the Customer is prohibited from the following:

8.5.1. use any means that may adversely affect the functioning of the Website and the Services or that is intended to take advantage of errors, bugs or other shortcomings of the Website and the Services;

8.5.2. circumventing geographical availability restrictions or any other technical restrictions;

8.5.3. make copies or back-up of the Website and other Content;

8.5.4. reverse engineer, decompile, disassemble or otherwise modify the Website and other Content;

8.5.5. sell, rent, lend, license, distribute, reproduce, disseminate, transmit or use the Services or other Content other than in a permitted manner;

8.5.6. use automated means to view, display or collect information available through the Website or Services; and

8.5.7. use any other instrument or means whose use may cause damage to the Provider.

8.6. The provisions of Art. 8 are not intended to deprive the Customer of his consumer rights that cannot be excluded by law.

9. Exclusion of Liability.

9.1. The user acknowledges that the services and other content are provided as is, with all their errors, defects and deficiencies, and that their use is at the user's sole responsibility and risk. to the fullest extent permitted by applicable law, the provider disclaims all statutory, contractual, express and implied warranties of any kind, including any warranties of quality, merchantability, fitness for a particular purpose or non-infringement of any rights.

9.2. To the extent permitted by mandatory provisions of applicable laws, the Provider shall not be liable for any damages, including indirect, incidental, special, punitive or consequential damages, including lost profits, loss of data, personal or other non-monetary loss or damage to property caused by the use of the services or reliance on any tools, features, information or any other content available in connection with the use of the services or elsewhere on the website. The Provider is not responsible for any third party products, services, applications or other content that the customer uses in connection with the services.

9.3. The Provider reserves the right to modify, change, replace, add or remove any element and function of the Services at any time without any compensation.

9.4. The Provider shall not be liable for non-delivery of the purchased Services if such non-delivery occurs due to serious technical or operational reasons beyond the control of the Provider, in the event of a crisis or imminent crisis, natural catastrophe, war, insurrection, pandemic, threat to a large number of people or other events of force majeure, and/or if the Provider is prevented from providing the Services as a result of obligations imposed by law or a decision of a public authority.

9.5. The provisions of Section 9 are not intended to deprive the Customer of consumer rights or other rights that cannot be excluded by law.

10. Violation of the T&Cs.

10.1. If the Customer commits one of the following violations: i) violates any provision of these General Terms and Conditions in such a way as to cause damage to the provider, in particular if the Customer accesses the services contrary to Article 1.3 or 1.4; ii) provides incomplete, untrue or outdated information contrary to Article 2.3, if the Customer acts in such a way as to damage the good reputation of the provider; iii) engages in conduct that damages the good reputation of the provider; iv) provides incomplete, untrue or outdated information contrary to Article 2.3, if the Customer acts in such a way as to damage the good reputation of the Provider; v) violates the demo trading rules pursuant to Article 5.4; or vi) acts contrary to Article 8.3 and/or if it engages in any of the activities referred to in Article 8.5, the Provider may prevent the Customer from ordering other services and restrict the Customer's access to all or only some of the services, including access to the Customer section and the trading platform, in whole or in part, without prior notice and without compensation.

11. Communication.

11.1. You acknowledge that all communications from the Provider or its partners in connection with the provision of the Services shall be made through the Customer Section or through your e-mail address registered with us. Written electronic communication by email or through the Customer Section shall also be considered written communication.

12. Withdrawal

12.1 A Customer who qualifies as a consumer under applicable law has the right to withdraw from the Contract and the selected Services, without giving any reason, by sending the Provider a notice of withdrawal by ordinary e-mail within fourteen (14) calendar days after the conclusion of the Contract. In the event of withdrawal, the Provider shall return any amount transferred, provided that no trade has been opened via our electronic trading platform(s). In such case, the amount returned shall be deemed to be net of the amounts used for such transactions. If the right of termination is not exercised within fourteen (14) calendar days, the Customer shall be bound by the contract and these T&Cs, until termination of the same, in accordance with the provisions contained herein. Furthermore, the Customer, in accordance with the provisions of Section 6.1, is aware that by opening the first demo transaction, he expressly requests the Provider to complete the services prior to the expiry of the withdrawal period from the contract, thereby waiving his right to withdrawal.

12.2 Notice of withdrawal shall be sent by ordinary e-mail to: support@ucapitalprop.com or communicated by Live Chat.

13. Complaints and Out-of-Court Dispute Resolution

13.1 For any questions and/or doubts and/or problems and/or dissatisfaction with any aspect of our service, in the first instance the Customer is invited to contact the customer service team at support@ucapitalprop.com.

13.2 If, with the support of the Customer Service, the Customer is still not satisfied with the resolution of the problem or if the Customer considers the Service to be not in line with its own, the Customer may file a formal complaint by completing the appropriate complaint form, which can be accessed from the contact page of our website. The completed complaint form accompanied by appropriate supporting evidence (depending on the individual case) should be sent to: support@ucapitalprop.com.

Customers who reside in a Member State of the European Union and, in addition, have the status of consumer may join the European online dispute resolution platform (available at the following link: https://ec.europa.eu/consumers/odr/main/index.cfm?event=main.home2.show&lng=IT for the out-of-court settlement of disputes.

14. Applicable Law and Jurisdiction

14.1 English law applies to these T&Cs and their annexes.

14.2 If the Customer qualifies as a Consumer under the applicable law, the Court of the place of domicile or residence of the Customer shall have jurisdiction. The provisions of Article 14.1 shall not deprive consumers of the protection afforded to them by the mandatory laws and legislation of the relevant Member State of the European Union or any other jurisdiction.

ANNEX 1 - ANNEX 1 - VALUATION CRITERIA UCAPITAL PROP INVESTMENT

STARTING BALANCE

25.000   -   50.000   -   100.000

(USD)

LEVERAGE

1:100

1:30

Evaluation

1st  Phase

2nd Phase

1st  Phase

2nd Phase

Duration*

30 days

60 days

30 days

60 days

Max. daily drawdown**

10%

4%

10%

4%

Max. overall drawdown***

20%

8%

20%

8%

Profit target

10%

8%

10%

8%

Min. trading days

7

14

7

14

Min. number trades

7

28

7

28

Profit factor

No

Higher than 2.2

No

Higher than 2.2

Trading Platform

Metatrader5

Metatrader5

Typo of Account

Demo

Demo

Expert advisor trading

Yes

Yes

Copy trading

No

No

Min. duration of a single trade****

1 min.

1 min.

Trading over weekend

No

Yes

Trading overnight

No

Yes

News trading

No

Yes

Assets type

Multiasset

Multiasset

Basic training

Yes

Yes

Futures contracts limit

No

No

Daily trading closure

22:50 (London GMT)

No

Bonus

No

No

Min. assets to trade

3

3

Consistency

Yes

Yes

*Request for Challenge Extension - In the event that a trader meets all the rules set for passing one of the stages (with the exception of reaching the profit target, but has still generated a return of at least 2%), he may request a 60-day extension. The request must be submitted no later than 10 days before the challenge expires. To request an extension, the trader must contact support by e-mail at support@ucapitalprop.com, providing their personal details and associated account number.
**Calculated on the basis of the highest value between net worth and balance at 22:50 London time GMT and is updated throughout the day if the balance increases.
***Trailing on Equity Peak.
**** Expert Advisors for high-frequency trading (HFT) - Users wishing to use Expert Advisors employing high-frequency trading (HFT) techniques, characterised by trades lasting less than one minute, must contact our support team to request authorisation.


Rules of consistency:

After 30 days of trading, the software should calculate whether the trader has achieved consistency.

How it is calculated:

I consider the 'best overall trading day' = day with the highest profit, so the 50% parameter must be exceeded.

I take the previous 7 'best trading days' in the last 30 days, add them up and divide by 7; the total must be more than 50% of the best trading days.

If it is superior, the challenge is overcome.

Calculation example:

Best Trading Day

Jan 24, 2023 

$ 4.000

2nd Best

Jan 09, 2023 

$ 3.700

3nd Best

Jan 07, 2023 

$ 3.100

4th Best

Jan 11, 2023 

$ 2.900

5th Best

Jan 16, 2023 

$ 2.200

6th Best

Jan 17, 2023 

$ 1.800

7th Best

Jan 20, 2023 

$ 1.500

Consistency Target

Greater than 50%

> $ 2.000

Average of 7
Best Trading Days 

$ 2,742.86


Criteria for evaluating the strategy

Passing the two-step test does not automatically guarantee admission as a trader to UCapital Asset manager or the UCapital Group. All admission and approval decisions, made exclusively by the UCapital Risk Committee, are final and binding and may not be reviewed or challenged by the trader or any third party.

Documents required for strategy certification

  •   PCM document (provided by UCapital)
  • The balance of the entrance test
  • A detailed description of strategy, money management
  • A whole series of documents that will be requested at the analysis stage

Terms and Conditions

UCapital Academy Agreement - General Terms and Conditions


These general terms and conditions (the “T&Cs”) govern the rights and obligations relating to the use of the services provided by UCapital24 Ltd. (the “Services”), offered primarily through the website https://ucapitalprop.com (the “Website”). Please read these T&Cs carefully.

1. Introductory provisions.

1.1. The T&Cs govern the rights and obligations of the user (hereinafter also referred to as "you", "your", or the "Customer") in relation to the use of the Services provided by UCapital24 Ltd, whose registered office is C/O Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS, registered with the Registrar of Companies for England and Wales at 132244044 (hereinafter also referred to as "UCapital" or the "Provider").

1.2. By registering on the Website or, where registration is not required, at the latest by the first use of the Services, the Customer enters into a contract with the Provider, the object of which is the provision of the Services. The T&Cs form an integral part of this contract and, therefore, the Customer by registering on the Website or, where registration is not required, at the latest with the first use of the Services, consents to these T&Cs.

1.3. The Services are intended exclusively for persons over the age of 18 (eighteen) years residing in the countries for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.

1.4. The Provider shall not provide the Services to a Customer who: (i) has a nationality or residence in jurisdictions where the Services are restricted or prohibited; (ii) is established or incorporated or has a registered office in jurisdictions where the Services are restricted or prohibited; (iii) is subject to relevant international sanctions; or (iv) has a criminal record relating to financial crimes of terrorism. The Provider reserves the right to refuse, restrict or terminate the provision of any Services to the Customer under this Article 1.4. and such Customer shall be prohibited from using the Services.

1.5. The Services consist of the provision of tools for simulated trading of foreign currency on the forex market or for simulated trading of other financial instruments on other financial markets, the provision of analytical tools, training and educational materials, access to the Customer section and other ancillary services, through the Customer section or the provision of access to applications provided by the Provider or third parties. Financial market information is used for trading simulation purposes; however, the user acknowledges that any trading conducted through the Services is not real. You further acknowledge that the funds provided for demonstration trading are fictitious and that you have no right to possess such fictitious funds beyond their use within the Services, that they may not be used for any real trading, and that you have no right to payment for such funds. Unless expressly agreed otherwise, you will not be paid any remuneration or profit based on the results of your simulated trading, nor will you be required to pay any losses.

1.6. None of the services provided by the provider may be regarded as an investment service within the meaning of applicable law. The provider does not provide or give any guidance, instruction or information to the user as to how or in what manner the user should execute transactions when using the services or otherwise, or any similar information about the investment instruments traded, nor does the provider accept any such guidance, instruction or information from the user. None of the services constitute investment advice or recommendations. no employee, staff or representative of the provider is authorised to give investment advice or recommendations. In the event that any information or statement by any employee, staff or representative of the provider is construed as investment advice or recommendation, the provider expressly denies that it is investment advice or recommendation and shall not be liable for it.

1.7. The Customer's personal data are processed in accordance with the Privacy Policy, available at the following link: https://ucapitalprop.com/it/privacy-policy/.

2. Services and their order.

2.1. You can order Services through the Website by completing the appropriate registration or order form. It is important to note that registration for Prop Challenge also involves registration for the UCapital24 social network. This integrated process ensures continuous access to all our services.

2.2. The Services include, inter alia, the access to market intelligence, UCapital challenge and verification; these products may differ according to the scope of the Service provided (e.g. according to the analytical tools available to the Customer). With the free trial, the Customer may use some of the Services free of charge in a limited scope and for a limited period. Completion of the free trial does not entitle the Customer to access other Services.

2.3. All data provided by the user via the registration or order form, the customer section or otherwise must be complete, true and up to date. The Customer is obliged to notify us immediately of any changes in his data or to update the data in his customer section. The Customer is responsible for the accuracy and up to dateness of all data provided; the Provider is not obliged to verify the data.

2.4. You acknowledge that if you provide a Tax Identification Number or VAT number or other similar information in the registration or order form or in the Customer Section, or if you claim to be a legal entity, you will be considered an entrepreneur for the purposes of these T&Cs and when using the Services, and the provisions of these T&Cs or applicable law granting rights to consumers will not apply.

2.5. The commission for UCapital challenge products varies depending on the option selected and depends on the amount of initial capital, the degree of acceptable risk, the parameters that must be met for the conditions to be fulfilled and possibly other configurations. More detailed information on the individual options and their fees is available on the website. The final fee will be determined according to the option selected by the user when completing the UCapital challenge product order form. The Provider reserves the right to provide the Services also on individually agreed conditions. All individually agreed conditions shall be determined by the Provider at its own discretion. Individual discounts and other benefits are not cumulative, unless expressly agreed otherwise by the Provider.

2.6. The fee is paid to enable access to the UCapital challenge products or the Services provided as part of the UCapital challenge products. The Customer is not entitled to a refund of the fee, e.g. if the Customer cancels the customer section or requests cancellation by e-mail, if the Customer terminates the use of the Services prematurely (e.g. if the Customer does not complete the UCapital challenge or Verification), if the Customer does not fulfil the conditions of the UCapital challenge or Verification or if the Customer violates these T&Cs. The fee is paid to enable access to the UCapital Challenge products or Services provided under the UCapital Challenge products. Please note that individual users may only purchase one challenge at a time; purchasing multiple challenges at once is not permitted.

2.7. The UCapital challenge option selected by the user when placing the order also applies to the Next Verification. The user will start the Next Verification and possibly other related products with the parameters and the same currency that correspond to the UCapital challenge option selected by the user. Once selected, it is not possible to change it. If a new UCapital challenge is ordered, the restrictions specified in this article 2.7 do not apply.

2.8. The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their completion. The change shall not affect the Services purchased prior to the notification of the change.

2.9. The data entered in the order form can be checked, corrected and changed up to the binding order of the Services. Ordering the Services of your choice is done by sending the order form. The Provider shall immediately confirm receipt of the order to your e-mail address. In the case of the free trial, the order is completed by sending the confirmation to the user's e-mail address, whereby the contract is finalised. In the case of the UCapital challenge, the order is completed with the payment of the fee for the selected option (for further information see article 3.4), whereby the contract between the user and the Provider is concluded, the object of which is the provision of the UCapital challenge and, if the conditions of the UCapital challenge are fulfilled, the test. The contract is concluded in the English language; the Customer, upon request, may request a copy of these T&Cs in the Italian language. The Provider will file the contract in electronic form.

2.10. You acknowledge that in order to use the Services, you must obtain the appropriate technical equipment and software, including third-party software (e.g., software for the use of the trading platform), at your own risk and expense. The Website is accessible from the most commonly used web browsers. The internet access, purchase of the equipment, and purchase of the web browser and its updates are at your own risk and expense. The Provider does not warrant or guarantee that the Services will be compatible with any specific equipment or software. The Provider does not charge any additional fees for the internet connection.

2.11. The User acknowledges that the operators of the trading platforms are persons or entities other than the Provider and that their terms and conditions and privacy policies will apply when the Customer uses their services and products. Before submitting an order form, the user is required to read these terms and conditions and privacy policies.

2.12. If the Customer places an unusually large number of orders for the Services in an unreasonably short period of time, the Provider may warn the Customer via the Customer Section as a precautionary measure to limit the Customer's potentially harmful behaviour. If such unreasonable behaviour continues after such warning, the Provider reserves the right to suspend any further ordering of Services by the Customer. If it is established that such unreasonable behaviour as referred to in this paragraph is related to the Customer's involvement in prohibited trading practices, the Provider may take the actions provided for in Article 5 of these T&Cs. The Provider reserves the right to determine, at its own discretion, the nature of the conduct described above and the reasonable limits for such determination.

3. Payment Terms.

3.1. The commission amounts for Ucapital's challenge options are in euros.

3.2. The costs of the Services are inclusive of all taxes. If the Customer is an entrepreneur, the Customer is obliged to fulfil all his/her tax obligations in connection with the use of the Services in accordance with applicable law and, in case of obligation, the Customer is obliged to pay taxes or other duties correctly.

3.3. It is possible to pay the fee for the selected UCapital challenge option with a payment card, by bank transfer or using other means of payment currently offered by the Provider on the website.

3.4. If you pay by payment card or any other express payment method, payment will be made immediately. If you choose a bank transfer for payment, we will subsequently send you a pro-forma invoice in electronic format with the amount of the fee for the UCapital Challenge option you have chosen on the Website. You undertake to pay the amount within the period specified in the pro-forma invoice. The fee is considered paid when the full amount is credited to the Provider's account. If the user does not pay the amount within the specified period, the Provider has the right to cancel the order. The Customer bears all fees charged to the Customer by the selected payment service provider (based on the payment service provider's valid price list) in connection with the transaction, and the Customer is obliged to ensure full payment of the respective fee for the selected UCapital Challenge.

4. Customer section and trading platform.

4.1. Only one Customer section is permitted per Customer and all Customer Services must be maintained in the Customer section.

4.2. The total number of UCapital disputes and verifications for a Customer section may be limited based on the total sum of initial capitals of the products ordered by the Customer or based on other parameters. Unless the Manager grants an exception to the Customer, initial capital amounts may not be transferred between or combined with individual products. Furthermore, it is not possible to transfer or combine benefits, Service parameters, data or any other information between products. Furthermore, the Customer is aware that it is not permitted to purchase two or more challenges at the same time; in fact, the Service only allows the purchase of one challenge per game period.

4.3. Access to the customer section and the trading platform is protected by login data, which the Customer may not make available or share with third parties. If the Customer has registered as a legal entity, the Customer may allow the use of the Services via the Customer's customer section to employees and authorised representatives. The Customer is responsible for all activities performed through the Customer's Customer section or trading platform. The Provider assumes no liability, and the Customer shall not be entitled to any compensation, for any misuse of the Customer section, the trading platform or any part of the Services, nor shall the Provider be liable for any adverse consequences to the Customer, should such misuse occur for any reason by the Customer. Furthermore, it is important to note that the private area is located within the Market intelligence, which is accessed through the UCapital24 Social Network.

4.4. The Customer acknowledges that the Services may not be available 24 hours a day, in particular with regard to maintenance, updates or any other reason. In particular, the Provider assumes no liability, and the Customer shall not be entitled to any compensation, for the unavailability of the Customer section or trading platform and for damage to or loss of any data or other content that the Customer uploads, transfers or saves via the Customer section or trading platform.

4.5. The Customer may request account cancellation at any time by sending an e-mail to support@ucapitalprop.com. Sending a Customer account cancellation request is regarded as a request for termination of the contract by the Customer, who no longer has the right to use the Services, including the customer section and the trading platform. The Provider will immediately acknowledge receipt of the request to the Customer by e-mail, whereby the contractual relationship between the Customer and the Provider will be terminated. In this case, the Customer shall not be entitled to any reimbursement of fees already paid or costs otherwise incurred.

5. Demo trading rules.

5.1. During demo trading on the trading platform, you may execute any trade, unless it is a prohibited trading strategy or practice under Article 5.4. You also agree to follow standard market rules and practices for trading in the financial markets (e.g. risk management rules). Restrictions may also be imposed by the trading conditions of the trading platform selected for trading.

5.2. The user acknowledges that the Provider has access to information about demo trades executed by the user on the trading platform. The user grants the Provider consent to share this information with persons/entities that are part of a group with the Provider or are otherwise affiliated with the Provider and grants the Provider and these persons/entities consent and permission to handle this information at their discretion. You agree that these activities may be performed automatically without any further consent, consultation or approval on your part and that you are not entitled to any compensation or gain associated with the use of the data by the Provider. The Provider understands that you are not providing the Provider with any investment advice or recommendation through demo trading. The user acknowledges that the Customer may suspend its demo trading on the trading platform at any time.

5.3. The Provider assumes no responsibility for the information displayed on the trading platform, nor for any interruptions, delays or inaccuracies in the market information displayed via the Customer section.

5.4. Prohibited business practices.

5.4.1. During demonstration trading it is prohibited to: (a) knowingly or unknowingly use trading strategies that exploit errors in the services, such as errors in the display of prices or delays in their updating; (b) execute trades using an external or slow data stream; (c) execute, alone or in collaboration with other persons, including between linked accounts or accounts held at different UCapital entities, trades or combinations of trades whose purpose is to manipulate trading, for example, by simultaneously entering into opposite positions (d) execute trades in contradiction to the terms and conditions of the provider and trading platform; (e) use any software, artificial intelligence, ultra-high speed or mass data entry that could manipulate, abuse or give an unfair advantage to the users of our systems or services; (f) execute gap trading by opening trades (i) when major global news, macroeconomic events or corporate reports or earnings ("events") occur that could affect the relevant financial market (e.g. market that allows trading in financial instruments that could be affected by the events), and (ii) 2 hours or less before a relevant financial market is closed for 2 hours or more; or (g) execute other trades in contradiction to the manner in which the trader trades in the forex market or any other financial market, or in such a way that there is a justified concern that the provider may suffer financial or other detriment as a result of the Customer's activities (e.g. excessive leverage, overexposure, one-sided betting, account rolling).

5.4.2. Each Customer may enter into a maximum of two completed trades within a 60 second (one minute) period. This limit is applied continuously during trading hours (so-called "Time Limit for Trades").

For the purposes of this rule, 'trading' means a complete buy or sell transaction of any financial asset executed on the platform.

Any user performing three or more operations within 60 seconds will be considered in violation of this rule.

For users who successfully complete the challenge using high frequency trading (HFT), for the first three months following completion of the challenge, maximum drawdown limits will be reduced to facilitate a more accurate assessment of their trading strategies under real market conditions. During this period, the following drawdown limits will apply: Maximum daily drawdown: Reduced to 1%. Maximum total drawdown: Reduced to 3%.

These restrictions were introduced to ensure that participants using HFT strategies are able to adapt and operate effectively in real trading conditions, and not only in a demo environment. This is a precautionary measure to assess the sustainability and effectiveness of HFT strategies when applied in real, volatile market scenarios.

5.4.3. As our Customer, you should understand and agree that all our Services are intended solely for your personal use, which means that only you personally may access your UCapital challenge and verification accounts and execute trades. For this reason, you must not, and you agree that you will not (a) allow third parties to access and trade in your UCapital challenge and verification accounts, or engage or collaborate with third parties to cause them to execute trades on your behalf, whether they are individuals or professionals; (b) access UCapital challenge and verification accounts of third parties, trade on behalf of third parties or perform account management or similar services, where you agree to trade, trade or manage UCapital challenge and verification accounts on behalf of another user, whether in a professional capacity or otherwise. Please note that if you act or behave contrary to the above, we will treat such action/behaviour as a prohibited trading practice under Section 5.4. with the respective consequences perceived under these T&Cs.

5.4.4. In addition, the Customer shall not exploit the Services by executing trades without applying standard market risk management rules for trading in the financial markets, which includes, inter alia, the following practices (i) opening substantially larger positions than the Customer's other trades, whether on this or any other Customer account, or (ii) opening substantially fewer or larger positions than the Customer's other trades, whether on this or any other Customer account. The Provider reserves the right to determine, at its discretion, whether certain transactions, practices, strategies or situations are prohibited trading practices.

5.5. If the Customer engages in any of the prohibited trading practices described in Article 5.4, (i) the Provider may treat it as a failure to comply with the terms of UCapital's particular challenge or verification, (ii) the Provider may remove the transactions that violate the prohibition from the Customer's trading history and/or not count their results in the profits and/or losses obtained from the demo trading, (iii) immediately cancel all Services provided to the Customer and subsequently terminate this Agreement, or (iv) reduce the leverage offered on the products to 1:5 on any or all of the Customer's accounts.

5.6. In the event that some or all of the prohibited trading practices are performed on one or more challenge and verification UCapital accounts of a Customer, or on accounts of several Customers, or by combining trading across challenge and verification UCapital accounts and trader UCapital accounts, the Provider shall be entitled to cancel all Services and terminate all respective contracts relating to all challenge and verification UCapital accounts of the Customer and/or to apply the other measures referred to in Article 5.5. The Provider may exercise all actions under Articles 5.5 and 5.6 at its own discretion. Please note that individual users may only purchase one challenge at a time; the purchase of several challenges at the same time is not permitted.

5.7. If UCapital traders' accounts have been used for or have been involved in prohibited trading practices, this can and will constitute a breach of the respective terms and conditions for UCapital traders' accounts with the third party provider and may result in the cancellation of all such user accounts and termination of the respective agreements by the third party provider.

5.8. If the Customer repeatedly engages in any of the practices described in Article 5.4, and the Provider has previously informed the Customer of this, the Provider may prevent the Customer from accessing all or parts of the Services, including access to the Customer section and the trading platform, without compensation. In such a case, the Customer shall not be entitled to a refund of the fees paid.

5.9. The Provider assumes no liability for trading or other investment activities performed by the Customer outside the relationship with the Provider, e.g. using data or other information from the Customer section, trading platform, or otherwise relating to the Services, in real trading in the financial markets, even if the Customer uses the same trading platform for such trading as the Customer uses for demo trading.

5.10. financial market trends are subject to frequent and sudden changes. trading on the financial markets may not be profitable and may lead to significant financial losses. any previous performance and profits from the Customer's demo trading are not a guarantee or indication of further performance.

6. Challenge and verification of UCapital.

6.1. After paying the fee for the selected option of the UCapital challenge, the Customer will receive the relevant access data for the trading platform at the e-mail address provided by the Customer or in the Customer section. The Customer activates the UCapital challenge by opening the first demo trade in the trading platform. If the Customer is a consumer, the Customer acknowledges that by opening the first demo trade, the Customer expressly requests the provider to complete the services before the expiry of the withdrawal period from the contract, which affects the Customer's right to withdraw from the contract, as specified in more detail in Art.12. If the Customer does not activate the UCapital challenge within 30 calendar days from the date it was made available to him, his access will be suspended. He may request the renewal of his access via the customer section or by sending an e-mail to support@ucapitalprop.com within 6 months of the initial suspension, otherwise we will discontinue the provision of the Services without any right to reimbursement of the fee. UCapital's challenge has a duration of 30 calendar days from the date of activation.

In order to fulfil the conditions of UCapital's challenge, the Customer must meet all the parameters stipulated in the rules of the challenge.

6.2. If the Customer has fulfilled the conditions of UCapital's challenge specified in Art. 6.1, and at the same time has not violated these T&Cs, in particular the demo trading rules in Art. 5.4, the Provider will assess UCapital's challenge as successful and will provide the Customer with verification free of charge by sending a confirmation message by sending the access data to the Customer's e-mail address or customer section. The Customer may request the evaluation of the UCapital challenge at any time by sending a request to support@ucapitalprop.com or via the customer section. The Provider shall not be obliged to assess the UCapital challenge if the Customer has not closed all transactions.

6.3. The Customer activates the verification by opening the first demo trade in the trading platform. If the Customer does not activate the verification within 30 calendar days from the day of receiving the new access data, the Customer's access to the verification will be suspended. The Customer may request renewal of access via the Customer section or by sending an e-mail to support@ucapitalprop.com within 6 months of suspension, otherwise we will discontinue the provision of the Services without any right to a refund. The duration of the verification is 60 calendar days from the date of activation.

6.4. If during the UCapital challenge the Customer does not meet any of the conditions specified in Art. 6.1, the UCapital challenge will be assessed as failed and access to the next Verification will not be allowed. If during the Verification, the Customer does not fulfil one of the conditions for carrying out the Verification, the Verification will be assessed as failed and the Customer will not be recommended as a candidate for the UCapital trader programme. In such a case, the Customer's account and Services will be cancelled without any refund of fees already paid.

6.4.1 Upon successful completion of the second challenge and subsequent verification, participants are required to undergo a mandatory introductory interview with the UCapital24 management team. This interview is an essential step before starting live trading. UCapital24 offers an educational programme complemented by technological support. Once completed, participants will engage with our investment company or one of the UCapital Group companies for further professional relationships. The purpose of this interview is to:

i) assess the Customer's understanding, i.e., ensure that the Customer has a complete understanding of our trading principles and the responsibilities involved in live trading.

(ii) discuss expectations and, in particular, align expectations and clarify any doubts about the live trading process.

(iii) build a professional relationship between the participant and the UCapital24 management team, fostering a supportive trading environment.

Participants who pass the challenge will be contacted by UCapital24 to schedule the interview.

6.5. The Provider recommending the Customer as a candidate for the UCapital trader programme in no way guarantees the Customer's acceptance into the UCapital trader programme. The Provider is not liable if the Customer is rejected from the UCapital trader programme for any or no reason.

7. UCapital Trader.

If the Customer successfully passes the challenge and subsequent verification, a third party company may, at its sole discretion, offer the Customer a contract to participate in UCapital's trader programme. The terms, conditions and agreement between the Customer and a third-party company are strictly agreed upon by the latter. The evaluation of UCapital is in no way involved in the UCapital trader programme agreement - or lack thereof - concluded between the third party company and the Customer. The Customer acknowledges that his personal data may be shared with a third party company for the purpose of evaluating the offer of such an agreement.

8. Use of the website, services and other content.

8.1. The Website and the Services, including the customer section, their appearance and all applications, data, information, multimedia elements such as text, drawings, graphics, designs, icons, images, audio and video samples and any other content that may constitute the Website and the Services (collectively, the “Content”), are subject to legal protection under copyright law and other legal regulations and are the property of the Provider or its licensors. Provider grants you limited, non-exclusive, non-transferable, non-assignable and revocable permission to use the Content for the purpose of using the Services for your personal use and in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to you and remains the property of Provider or its licensors.

8.2. All trademarks, logos, trade names and other designations are the property of the Provider or its licensors and the Provider does not grant the user any authorisation to use them.

8.3. Both the Customer and the Provider undertake to act in accordance with the principles of fairness in the performance of the contract and in mutual negotiations and, in particular, not to damage the good reputation and legitimate interests of the other party.

8.4. Except for the rights expressly set out in these T&Cs, the Provider does not grant the User any other rights in respect of the Services and other Content. You may only use the Services and other Content as set out in the T&Cs.

8.5. When accessing the Services and other Content, the Customer is prohibited from the following:

8.5.1. use any means that may adversely affect the functioning of the Website and the Services or that is intended to take advantage of errors, bugs or other shortcomings of the Website and the Services;

8.5.2. circumventing geographical availability restrictions or any other technical restrictions;

8.5.3. make copies or back-up of the Website and other Content;

8.5.4. reverse engineer, decompile, disassemble or otherwise modify the Website and other Content;

8.5.5. sell, rent, lend, license, distribute, reproduce, disseminate, transmit or use the Services or other Content other than in a permitted manner;

8.5.6. use automated means to view, display or collect information available through the Website or Services; and

8.5.7. use any other instrument or means whose use may cause damage to the Provider.

8.6. The provisions of Art. 8 are not intended to deprive the Customer of his consumer rights that cannot be excluded by law.

9. Exclusion of Liability.

9.1. The user acknowledges that the services and other content are provided as is, with all their errors, defects and deficiencies, and that their use is at the user's sole responsibility and risk. to the fullest extent permitted by applicable law, the provider disclaims all statutory, contractual, express and implied warranties of any kind, including any warranties of quality, merchantability, fitness for a particular purpose or non-infringement of any rights.

9.2. To the extent permitted by mandatory provisions of applicable laws, the Provider shall not be liable for any damages, including indirect, incidental, special, punitive or consequential damages, including lost profits, loss of data, personal or other non-monetary loss or damage to property caused by the use of the services or reliance on any tools, features, information or any other content available in connection with the use of the services or elsewhere on the website. The Provider is not responsible for any third party products, services, applications or other content that the customer uses in connection with the services.

9.3. The Provider reserves the right to modify, change, replace, add or remove any element and function of the Services at any time without any compensation.

9.4. The Provider shall not be liable for non-delivery of the purchased Services if such non-delivery occurs due to serious technical or operational reasons beyond the control of the Provider, in the event of a crisis or imminent crisis, natural catastrophe, war, insurrection, pandemic, threat to a large number of people or other events of force majeure, and/or if the Provider is prevented from providing the Services as a result of obligations imposed by law or a decision of a public authority.

9.5. The provisions of Section 9 are not intended to deprive the Customer of consumer rights or other rights that cannot be excluded by law.

10. Violation of the T&Cs.

10.1. If the Customer commits one of the following violations: i) violates any provision of these General Terms and Conditions in such a way as to cause damage to the provider, in particular if the Customer accesses the services contrary to Article 1.3 or 1.4; ii) provides incomplete, untrue or outdated information contrary to Article 2.3, if the Customer acts in such a way as to damage the good reputation of the provider; iii) engages in conduct that damages the good reputation of the provider; iv) provides incomplete, untrue or outdated information contrary to Article 2.3, if the Customer acts in such a way as to damage the good reputation of the Provider; v) violates the demo trading rules pursuant to Article 5.4; or vi) acts contrary to Article 8.3 and/or if it engages in any of the activities referred to in Article 8.5, the Provider may prevent the Customer from ordering other services and restrict the Customer's access to all or only some of the services, including access to the Customer section and the trading platform, in whole or in part, without prior notice and without compensation.

11. Communication.

11.1. You acknowledge that all communications from the Provider or its partners in connection with the provision of the Services shall be made through the Customer Section or through your e-mail address registered with us. Written electronic communication by email or through the Customer Section shall also be considered written communication.

12. Withdrawal

12.1 A Customer who qualifies as a consumer under applicable law has the right to withdraw from the Contract and the selected Services, without giving any reason, by sending the Provider a notice of withdrawal by ordinary e-mail within fourteen (14) calendar days after the conclusion of the Contract. In the event of withdrawal, the Provider shall return any amount transferred, provided that no trade has been opened via our electronic trading platform(s). In such case, the amount returned shall be deemed to be net of the amounts used for such transactions. If the right of termination is not exercised within fourteen (14) calendar days, the Customer shall be bound by the contract and these T&Cs, until termination of the same, in accordance with the provisions contained herein. Furthermore, the Customer, in accordance with the provisions of Section 6.1, is aware that by opening the first demo transaction, he expressly requests the Provider to complete the services prior to the expiry of the withdrawal period from the contract, thereby waiving his right to withdrawal.

12.2 Notice of withdrawal shall be sent by ordinary e-mail to: support@ucapitalprop.com or communicated by Live Chat.

13. Complaints and Out-of-Court Dispute Resolution

13.1 For any questions and/or doubts and/or problems and/or dissatisfaction with any aspect of our service, in the first instance the Customer is invited to contact the customer service team at support@ucapitalprop.com.

13.2 If, with the support of the Customer Service, the Customer is still not satisfied with the resolution of the problem or if the Customer considers the Service to be not in line with its own, the Customer may file a formal complaint by completing the appropriate complaint form, which can be accessed from the contact page of our website. The completed complaint form accompanied by appropriate supporting evidence (depending on the individual case) should be sent to: support@ucapitalprop.com.

Customers who reside in a Member State of the European Union and, in addition, have the status of consumer may join the European online dispute resolution platform (available at the following link: https://ec.europa.eu/consumers/odr/main/index.cfm?event=main.home2.show&lng=IT for the out-of-court settlement of disputes.

14. Applicable Law and Jurisdiction

14.1 English law applies to these T&Cs and their annexes.

14.2 If the Customer qualifies as a Consumer under the applicable law, the Court of the place of domicile or residence of the Customer shall have jurisdiction. The provisions of Article 14.1 shall not deprive consumers of the protection afforded to them by the mandatory laws and legislation of the relevant Member State of the European Union or any other jurisdiction.

ANNEX 1 - ANNEX 1 - VALUATION CRITERIA UCAPITAL PROP INVESTMENT

STARTING BALANCE

25.000   -   50.000
100.000

(USD)

LEVERAGE

1:100

Evaluation

1st  Phase

2nd Phase

Duration*

30 days

60 days

Max. daily drawdown**

10%

4%

Max. overall drawdown***

20%

8%

Profit target

10%

8%

Min. trading days

7

14

Min. number trades

7

28

Profit factor

No

Higher than 2.2

Trading Platform

Metatrader5

Typo of Account

Demo

Expert advisor trading

Yes

Copy trading

No

Min. duration of a single trade****

1 min.

Trading over weekend

No

Trading overnight

No

News trading

No

Assets type

Multiasset

Basic training

Yes

Futures contracts limit

No

Daily trading closure

22:50 (London GMT)

Bonus

No

Min. assets to trade

3

Consistency

Yes


STARTING BALANCE

25.000   -   50.000
100.000

(USD)

LEVERAGE

1:30

Evaluation

1st  Phase

2nd Phase

Duration*

30 days

60 days

Max. daily drawdown**

10%

4%

Max. overall drawdown***

20%

8%

Profit target

10%

8%

Min. trading days

7

14

Min. number trades

7

28

Profit factor

No

Higher than 2.2

Trading Platform

Metatrader5

Typo of Account

Demo

Expert advisor trading

Yes

Copy trading

No

Min. duration of a single trade****

1 min.

Trading over weekend

Yes

Trading overnight

Yes

News trading

Yes

Assets type

Multiasset

Basic training

Yes

Futures contracts limit

No

Daily trading closure

No

Bonus

No

Min. assets to trade

3

Consistency

Yes

*Request for Challenge Extension - In the event that a trader meets all the rules set for passing one of the stages (with the exception of reaching the profit target, but has still generated a return of at least 2%), he may request a 60-day extension. The request must be submitted no later than 10 days before the challenge expires. To request an extension, the trader must contact support by e-mail at support@ucapitalprop.com, providing their personal details and associated account number.
**Calculated on the basis of the highest value between net worth and balance at 22:50 London time GMT and is updated throughout the day if the balance increases.
***Trailing on Equity Peak.
**** Expert Advisors for high-frequency trading (HFT) - Users wishing to use Expert Advisors employing high-frequency trading (HFT) techniques, characterised by trades lasting less than one minute, must contact our support team to request authorisation.


Rules of consistency:

After 30 days of trading, the software should calculate whether the trader has achieved consistency.

How it is calculated:

I consider the 'best overall trading day' = day with the highest profit, so the 50% parameter must be exceeded.

I take the previous 7 'best trading days' in the last 30 days, add them up and divide by 7; the total must be more than 50% of the best trading days.

If it is superior, the challenge is overcome.

Calculation example:

Best Trading Day

Jan 24, 2023 

$ 4.000

2nd Best

Jan 09, 2023 

$ 3.700

3nd Best

Jan 07, 2023 

$ 3.100

4th Best

Jan 11, 2023 

$ 2.900

5th Best

Jan 16, 2023 

$ 2.200

6th Best

Jan 17, 2023 

$ 1.800

7th Best

Jan 20, 2023 

$ 1.500

Consistency Target

Greater than 50%

> $ 2.000

Average of 7
Best Trading Days 

$ 2,742.86


Criteria for evaluating the strategy

Passing the two-step test does not automatically guarantee admission as a trader to UCapital Asset manager or the UCapital Group. All admission and approval decisions, made exclusively by the UCapital Risk Committee, are final and binding and may not be reviewed or challenged by the trader or any third party.

Documents required for strategy certification

  •   PCM document (provided by UCapital)
  • The balance of the entrance test
  • A detailed description of strategy, money management
  • A whole series of documents that will be requested at the analysis stage