Legal Documents

TERMS & CONDITIONS

English Version (Governing Version)

GENERAL
1. This proprietary trading tournament (the "Tournament") is organized by Bullfy Limited (a company registered in Saint Lucia under registration number 2025-00353, whose registered office address is situated at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia) (referred to interchangeably herein as "Bullfy" or the "Company").
2. The Participant's registration or participation (as applicable) in the Tournament, signifies the Participant's acceptance of, inter alia, the Tournament's terms and conditions, as such terms and conditions are enclosed herein (the "Terms").
3. The Tournament is conducted exclusively in a demo trading environment and does not involve real funds (this means, for example, that funds in the Participant's proprietary trading account(s) are not, and shall not, at any time, be, real, but only demo funds).
4. The Tournament is organised for promotional and educational purposes only and does not constitute investment advice and/or recommendation(s) and/or an incentive to buy and/or sell financial instruments.
ELIGIBILITY & PARTICIPATION
1. Only first-time clients of Bullfy who are at least of legal age (i.e., at least 18 years old), are onboarded as clients of Bullfy for the purpose of participating in the Tournament (onboarding decision to be taken by Bullfy, at its sole and absolute discretion), accept the Bullfy Manual, the Additional Rules, Bullfy's proprietary trading terms of service (the "ToS") (all of the aforesaid documents being available on the Company's website (the "Website") and referred to collectively herein, as the "Legal Documents", as amended from time to time, at the Company's sole and absolute discretion), and these Terms (as amended from time to time, at the Company's sole and absolute discretion), are allowed to participate in the Tournament (each such new client, a "Participant").
2. Each Participant agrees to provide real data (accurate, complete, truthful, and up-to-date information and documentation) during their registration for the Tournament as well as at any time thereafter, as and if requested by the Company. Providing fake and/or disrupted data may result, indicatively, but not exhaustively, in the Participant's disqualification from the Tournament.
3. Without limiting the generality of the foregoing, employees and/or service providers (of any sort and of any nature) of Bullfy, its affiliates, partners, or any parties involved in the administration and/or the servicing of the Tournament and/or in the administration and/or the servicing of the Company, including its/their (as applicable) immediate family members, relatives, household members, or close associates, are not eligible to participate in the Tournament.
4. Failure to complete account registration or know-your-client verification may result in prize forfeiture or disqualification, at the Company's sole and absolute discretion.
TOURNAMENT PERIOD
1. The Tournament, including the starting date, the end date, and the duration, shall be as set out on the Tournament's dedicated webpage (the "Webpage").
2. Registration to the Tournament is only available for a limited number of Participants, as outlined on the Webpage.
3. Only trades executed within the Tournament duration will be considered for ranking purposes.
4. The Company may, at any time, at its sole and absolute discretion, prolong and/or shorten the Tournament Duration, as it deems fit. Such prolonged or shortened Duration shall be communicated to the Participant in writing, becoming effective on the date specified by the Company in writing, or, if no date is specified, immediately upon the publication of the revised version of the Terms and/or the Webpage, as applicable, depending on where the Company chooses to communicate such prolongation or shortening through.
GENERAL RULES
1. The Tournament shall have the following characteristics:
  Leverage:
  - Forex: 1:30
  - Indices: 1:30
  - Gold (XAUUSD): 1:30
  - Commodities: 1:10
  - Stocks: 1:3
  - Cryptocurrencies: 1:3
2. The Participant may trade via expert advisers (each, an "EA"), provided that those EAs are owned personally by the Participant, are non-commercial, and are communicated from the Participant to the Company in writing beforehand, subject to the reservation that the Company may review, restrict, or disqualify any automated trading strategy that, at its sole and absolute discretion, the Company deems abusive, exploitative, latency-based, arbitrage-driven, or inconsistent with fair principles.
3. The Participant understands and agrees that the following indicative (and not exhaustive) actions are prohibited, and if taken (either in whole or in part), they may result in the disqualification of the Participant from the Tournament and/or the immediate closure of all accounts and the liquidation of all open positions (as and if applicable) maintained by the Participant with the Company, as to be decided by the Company at its sole and absolute discretion:
  - Copy-trading between accounts of different holders.
  - Cross-account hedging.
  - Latency arbitrage.
  - Tick scalping (as an indicative example, >10% trades <60sec).
  - Abusive and/or impulsive and/or risky behavior, as to be determined by the Company at its sole and absolute discretion.
  - Credential and/or account and/or device sharing.
  - Operating through multiple and/or associated accounts.
TOURNAMENT SPECIFICATIONS
1. The Tournament shall have the following specifications:
  - Each Participant shall receive a proprietary account funded with USD 5,000 in demo funds (the "Account").
  - Duration: As to be set in the timer to be placed by the Company on the Webpage, on a case-by-case basis (the "Duration").
  - Rules: As per the Legal Documents and the Terms, as well as: Maximum static drawdown: 10%, Maximum daily drawdown: 5%, Maximum risk per trade idea: 3% of equity, execute at least 5 trades, 1 trade every 5 calendar days.
  - The Participant's trading activity through the Account during the Tournament Duration, shall be solely counted towards ranking for the Tournament and for no other purpose. Moreover, public rankings will be updated on a daily basis by the Company.
2. Ranking of the Participants shall be determined following the conclusion of the Tournament Duration, in accordance to the following ranking rules/ranking criteria, which shall apply in order of the following priority (collectively, the "Criteria"):
  - Higher profit % accumulated through the Account during the Tournament Duration.
  - In case of a tie: Lowest maximum drawdown reached.
  - In case of a tie persisting: Greatest number of executed trades.
  - In case of a tie still persisting: Lowest average drawdown.
3. For the avoidance of doubt, Participants who are at a loss upon conclusion of the Tournament Duration, shall be automatically disqualified.
4. Business Days 1-5 following the conclusion of the Tournament Duration:
  - Account review and rule compliance.
  - Final leaderboard release.
  - The Company will publicly announce the winners of the Tournament.
  - Distribution of additional prizes, as displayed on the Webpage.
  - Delivery of digital certificates, as displayed on the Webpage.
PRIZES
1. Prizes will be as displayed on the Webpage.
2. Winners (as to be determined in accordance to the Criteria) will be notified via the registered email address associated with their Bullfy account, within the time period to which reference is made in Clause 5.3 above.
3. Winners must respond to the notification and complete the required steps to claim their prize within 1 week of being contacted as above. If a winner fails to respond within this timeframe, the prize may be forfeited, and all rights to the prize shall be deemed waived and surrendered to the Company, which shall deal with the prize as it deems fit.
PERSONAL DATA
1. The Participant's personal data shall be collected, stored, and processed fairly, lawfully, and for specific, legitimate purposes only.
2. Bullfy and its affiliates may use the Participant's personal data to keep the Participant informed about products, services, and promotional offers (including those of third parties), which Bullfy reasonably believes may be of interest to the Participant, using communication methods including, but not limited to, postal mail, facsimile, electronic communication, and, telephone.
3. Bullfy may collect the Participant's information directly from the Participant (via application forms, Bullfy's Website, or other communication channels), or indirectly from third-party sources such as credit reference agencies, fraud prevention databases, and publicly available registers.
4. Bullfy will use, store, process, and handle the Participant's personal data for the purpose of providing the services under the Terms, and in accordance with the applicable laws and/or regulations of Saint Lucia.
5. The Participant's information that is publicly available or lawfully held by Bullfy without confidentiality obligations, shall not be deemed confidential.
6. Bullfy may disclose the Participant's information, records, and documents of a confidential nature without prior notice to the Participant, where, indicatively, but not exhaustively, such disclosure is reasonably necessary for the provision of Bullfy's services under the Terms, for compliance with legal or regulatory obligations, or to safeguard Bullfy's legal rights and obligations. Such disclosure may occur in the following circumstances:
  - Where disclosure is required by law, regulation, or order of a competent court;
  - Where requested by a regulatory authority, exchange, or governmental agency with jurisdiction over Bullfy or any Bullfy affiliate;
  - To competent authorities for the purposes of preventing or investigating fraud, money laundering, terrorist financing, or other criminal or unlawful activities, including disclosures to credit reference agencies, fraud prevention agencies, and other financial institutions;
  - To third parties, to the extent necessary for the execution of instructions, orders, or any ancillary purposes directly related to the provision of Bullfy's services under the Terms;
  - For purposes of due diligence, identity verification, credit assessment, or for the statistical or risk analysis of Bullfy's business;
  - To Bullfy's professional advisers (including legal, tax, or audit advisers), provided that such advisers are subject to written confidentiality obligations no less restrictive than those set forth herein;
  - Where necessary to establish, exercise, or defend Bullfy's legal rights or interests;
  - Where expressly requested or consented to by the Participant;
  - To any Bullfy affiliate, subject always to equivalent confidentiality and data protection obligations.
7. In limitation of any other term and/or condition of these Terms, over which this Clause 7.7 shall prevail, the Participant understands and agrees that Bullfy may publicly disclose the Participant's personal data (for instance, the Participant's name) as Bullfy deems fit, for the purpose of, indicatively, but not exhaustively, announcing the Tournament's prize winners and/or leaderboard and/or for any other purpose Bullfy deems fit.
MISCELLANEOUS
1. Participants who are found to breach the Terms and/or the Legal Documents and/or the rules and/or the characteristics and/or the specifications herein, may, in the Company's sole and absolute discretion, be disqualified from the Tournament immediately, while the Company may also close their accounts and/or open positions (as applicable).
2. Disqualified Participants or disqualified winners (as applicable) forfeit any entitlement to prizes.
3. Trading results achieved in the Tournament are based on simulated market conditions and are not indicative of results achievable in live trading environments.
4. The Company shall not be liable for any technical failures, system errors, platform interruptions, data inaccuracies, or circumstances beyond its reasonable control that may affect participation, trading results, rankings, or prize allocation.
5. If there is any conflict or inconsistency between the English and the translated version of the Terms, the English version shall be the governing and prevailing version.
6. Headings inserted in the Terms are for ease of reference only and shall not affect its interpretation.
7. No regard for gender is intended through the language used in the Terms.
8. Words contained herein in the plural, include the singular and vice versa.
9. Bullfy may restrict participation to any Participant, for any or no reason.
10. A "Business Day", as used in these Terms, is a day in which banks in Saint Lucia are open for general retail banking business.
11. Unless otherwise specified in writing by Bullfy, any Participant who desires to participate in the Tournament for a second time, shall be required to acquire Bullfy's USD 5,000 proprietary trading challenge, as specified on the Company's Website.
12. The Company reserves the right to change or terminate the Tournament at any time, either in whole or in part, at its sole and absolute discretion, without prior notice, and without any liability to the Participant(s).
13. Bullfy may amend these Terms from time to time, at its sole and absolute discretion. Any amended version shall become effective on the date that the amended Terms are posted on Bullfy's Website, or, if Bullfy elects to provide prior written notice, on the date displayed in the notice. If no date is specified in the notice or if no notice is published, the amended Terms shall become effective immediately upon publication. By continuing to use Bullfy's services after such publication or notice (as applicable), the Participant shall be deemed to have accepted and agreed to the amended Terms.
14. Bullfy may publish additional rules on the Webpage, which shall apply in addition to the Terms (the "Additional Rules"). The Participant understands that Bullfy may amend the Webpage and/or the Additional Rules from time to time, at its sole discretion. Any amended version shall become effective on the date that the Additional Rules and/or the amended version of the Webpage become(s) public, or, if Bullfy elects to deliver a notice, such notice shall be in writing, and such amendment shall become effective on the date displayed in the notice. If no date is specified in the notice or if no notice is published, the amended Additional Rules and/or the amended version of the Webpage (as applicable) shall become effective immediately upon publication. By continuing to use Bullfy's services after such publication or notice (as applicable), the Participant shall be deemed to have accepted and agreed to the amended version of the Webpage or the amended version of the Additional Rules (as applicable).
15. The Company may, at any time, at its sole and absolute discretion, terminate and/or amend the Tournament, as it deems fit, at its sole and absolute discretion, either by providing prior written notice and specifying when the termination or amendment (as applicable) comes into effect, or, immediately upon publication, if no prior written notice is provided.
16. In the context of the Tournament, these Terms are in addition to the Legal Documents, and both the Terms and the Legal Documents shall be read and construed as one and the same document. In the event of any conflict between these Terms and the Legal Documents regarding the Tournament, these Terms shall prevail.
17. These Terms shall be governed by and construed in accordance with the laws of Saint Lucia.
18. All disputes arising in the context of the Tournament shall be submitted to the exclusive jurisdiction of the courts of Saint Lucia, which shall have exclusive jurisdiction to adjudicate on such disputes.