ORION GENERAL TERMS & CONDITIONS

ORION GENERAL TERMS AND CONDITIONS

These Orion General Terms and Conditions (the “GTC”) govern rights and obligations in connection with the use of services provided by ORION GLOBAL – FZCO (the “Services”), offered mainly

through the www.orionfunded.com website (the “Website”). Please read these GTC carefully. You are under no obligation to use the Services if you do not agree or understand any portion of these Terms,nor should you use the Services unless you understand and agree to these Terms.

  1. INTRODUCTORY PROVISIONS

1.1. These GTC govern your (“you”, “your”, or the “Customer”) rights and obligations in

connection with the use of the Services provided by Orion GLOBAL – FZCO, with

its registered office at Dubai Silicon Oasis, IFZA Properties, DDP, Building A1 Dubai, United Arab Emirates (“we”, “our”, or the “Provider”).

1.2. By registering on the Website or, where registration is not required, not later than by your

first use of the Services, you are entering into a contract with the Provider, the subject of

which is the provision of the Services of your choice. The GTC form an integral part of

such a contract and, by executing the contract with the Provider, you express your

agreement to these GTC.

1.3. The Services are only intended for persons over the age of 18 residing in the country

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 Services to Customer that: (i) is of nationality or is residing

in Restricted Jurisdictions; (ii) is established or incorporated, or has a registered office in

Restricted Jurisdictions; (iii) is subject to the relevant international sanctions; or (iv) has

a criminal record related to financial crime or terrorism. Restricted Jurisdictions means

countries determined as such by the Provider and published here on the Website. The

Provider reserves the right to refuse, restrict or terminate the provision of any Services to

Customer as per this Clause 1.4. and such Customer is prohibited to use the Services,

which also includes the use of the Client Section and/or Trading Platform.

1.5. The Services consist of the provision of tools for simulated foreign exchange trading

on the FOREX market or simulated trading with other instruments on other financial

markets, provision of analytical tools, training and educational materials, the access to

the Client Section, and other ancillary services, in particular through the Client Section or

by the provision of access to applications provided by the Provider or third parties.

Financial market information is used in the simulated trading; however, you acknowledge

that any trading that you perform through the Services is not real. You also acknowledge

that the funds provided to you for demo trading are fictitious and that you have no right

to possess those fictitious funds beyond the scope of their use within the Services, and in

particular that they may not be used for any actual trading and that you are not entitled

to the payment of those funds. Unless expressly agreed otherwise, you will not be paid

any remuneration or profits based on the results of your simulated trading, nor will you

be required to pay any losses.

1.6. NONE OF THE SERVICES PROVIDED TO YOU BY THE PROVIDER CAN BE CONSIDERED INVESTMENT SERVICES IN ACCORDANCE WITH APPLICABLE LAWS. THE PROVIDER DOES NOT GIVE OR PROVIDE TO YOU ANY GUIDANCE, INSTRUCTIONS, OR INFORMATION ABOUT HOW OR IN WHICH MANNER YOU SHOULD PERFORM TRANSACTIONS WHEN USING THE SERVICES OR OTHERWISE, OR ANY OTHER SIMILAR INFORMATION ABOUT THE INVESTMENT TOOLS TRADED, NOR DOES THE PROVIDER ACCEPT ANY SUCH GUIDANCE, INSTRUCTIONS, OR INFORMATION FROM YOU. NONE OF THE SERVICES CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATIONS. NO EMPLOYEES, STAFF, OR REPRESENTATIVES OF THE PROVIDER ARE AUTHORIZED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. SHOULD ANY INFORMATION OR STATEMENT OF ANY

EMPLOYEE, STAFF, OR REPRESENTATIVES OF THE PROVIDER BE INTERPRETED AS

INVESTMENT ADVICE OR RECOMMENDATIONS, THE PROVIDER EXPLICITLY DISCLAIMS

THAT THE SAME IS INVESTMENT ADVICE OR RECOMMENDATIONS AND SHALL NOT BE

RESPONSIBLE FOR THEM.

1.7. Your personal data is processed in accordance with the Privacy Policy.

1.8. The meaning of the definitions, expressions, and abbreviations used in these GTC can be

found in clause 17.

  1. SERVICES AND THEIR ORDER

2.1. You can order the Services through the Website by completing the appropriate registration

or order form. After registration, we will e-mail you the login details for the Client Section

and/or Trading Platform and allow you to access them.

2.2. The Services include, among other things, Orion Challenge, and Evaluation

products; these products may differ in the scope of the Services provided

(e.g., by analytical tools available to the Customer).

2.3. All data that you provide to us through the registration or order form, the Client Section,

or otherwise must be complete, true, and up to date. You must immediately notify us

of any change in your data or update the data in your Client Section. The Customer is

responsible for all the provided data being accurate and up to date; the Provider is not

obligated to verify the data.

2.4. You acknowledge that if you provide an identification number, tax registration number

or other similar information in the registration or order form or in the Client Section,

or if you state that you are a legal entity, you will be considered as an entrepreneur

(trader) for the purposes of these GTC and when using the Services, and the provisions

of these GTC or the applicable law that grant rights to consumers will not apply to you.

2.5. The fee for the Orion Challenge varies according to the option selected and depends on

the amount of the initial capital, the degree of the acceptable risk, the parameters that

must be fulfilled so that the conditions of the Orion Challenge and the subsequent

Evaluation are met, and possibly other configurations. More detailed information on

individual options and fees for those options are provided on our Website. The final

fee will be determined based on the option you select when completing the form for

ordering the Orion Challenge. The Provider reserves the right to also provide the Services

under individually agreed conditions. All individually agreed conditions shall be determined

by the Provider at its own discretion. Individual discounts and other benefits may not be

combined, unless expressly stipulated otherwise by the Provider.

2.6. The fee is paid for allowing you to access the Orion Challenge, or the Services provided

under the Orion Challenge. The Customer is not entitled to a refund of the fee, for

example, if the Customer cancels the Customer’s Client Section or requests the

cancellation by e-mail, if the Customer terminates the use of the Services or the contract

(for example, fails to complete the Orion Challenge or the Evaluation), fails to meet the

conditions of the Orion Challenge or the Evaluation, or violates these GTC.

2.7. If the Customer lodges an unjustifiable complaint regarding the paid fee or disputes

the paid fee with the Customer’s bank or payment service provider (e.g. through

chargeback services, dispute services, or other similar services), on the basis of which

an annulment, cancellation or refund of the fee or any part thereof is requested,

the Provider is entitled, at its own discretion, to stop providing to the Customer any

services and refuse any future provision of any services.

2.8. Your choice of the option of the Orion Challenge that you select when making an order

shall also apply to the subsequent Evaluation. You will start the subsequent Evaluation

and, possibly, other products related thereto, with the parameters and the same currency

that correspond to the option of the Orion Challenge selected by you. Once you make a

selection, it is not possible to change it.

If you are ordering a new Orion Challenge, the restrictions specified in this clause 2.8

shall not apply.

2.9. The Provider reserves the right to unilaterally change the fees and parameters

of the Services at any time, including the parameters for their successful completion.

The change does not affect the Services purchased before the change is notified.

2.10. Any data entered in the order form can be checked, corrected, and amended until

the binding order of the Services. The order of the Services of your choice is made by

submitting the order form. The Provider will immediately confirm the receipt of your order

to your e-mail address. In the case of the Orion Challenge, the order is completed upon the payment of the fee for the selected option (more on this in clause 3.4), whereby the contract between you and the Provider is executed, the subject of which is the provision of the Orion Challenge and, if the conditions of the Orion Challenge are met, the Evaluation. The contract is

concluded in English. We archive the contract in electronic form and do not allow access to it.

2.11. You acknowledge that in order to use our 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.

2.12. You acknowledge that the operators of trading platforms are persons or entities different

from the Provider and that their own terms and conditions and privacy policies will apply

when you use their services and products. Before sending an order form, you are obligated

to read those terms and conditions and privacy policies.

2.13. If the Customer places an unusually large number of orders for the Services within an

unreasonably short period of time, the Provider may notify the Customer through the

Client Section as a protective precaution to mitigate potentially harmful behaviour of the

Customer. If such unreasonable behaviour continuous after such notice, we reserve the

right to suspend any further orders of the Services by the Customer. If we identify that

the unusual behaviour as per this paragraph relates to the Customer’s involvement in

Forbidden Trading Practices, we may take respective actions as perceived in Section 5 of

this GTC. The Provider reserves the right to determine, at its own discretion, the nature

of the behaviour described above and reasonable boundaries for such determination.

  1. PAYMENT TERMS

3.1. The amounts of fees for the Orion Challenge options are in euros. The Orion Challenge exclusively accepts payments in euros. In the event that a customer opts to make payment using a card denominated in a different currency, the currency conversion will be executed by their respective financial institution. The customer acknowledges and assumes full responsibility for any associated risks, encompassing potential variations in exchange rates and fees imposed by their bank. The payment total, as displayed on our platform, will be in euros, with the subsequent conversion seamlessly facilitated by the customer’s chosen payment method. It is imperative for customers to familiarize themselves with and accept the terms and conditions stipulated by their financial institution concerning currency conversion. By proceeding with payment in a foreign currency, the customer explicitly acknowledges and accepts the inherent risks associated with currency exchange and conversion fees.

3.2. Service charges are inclusive of all taxes. If the Customer is an entrepreneur (trader), he

is obliged to fulfill all his tax obligations in connection with the use of our Services in

accordance with applicable law, and in the event of an obligation, he is obliged to pay tax

or other fees properly.

3.3. You can pay the fee for the selected option of the Orion Challenge by a payment card, via

a bank transfer, or using other means of payment that the Provider currently offers on the

Website.

3.4. In the event of payment by a payment card or via any other express payment method,

the payment shall be made immediately. If you select a bank transfer for payment, we

will subsequently send you a proforma invoice in electronic form with the amount of the

fee for the option of the Orion Challenge you have chosen on the Website. You undertake

to pay the amount within the period specified in the proforma invoice. The fee is

considered paid when its full amount is credited to the Provider’s account. If you do not pay the amount on time, the Provider is entitled to cancel your order. Customer bears all

fees charged to Customer by the selected payment service provider (according to the valid

pricelist of the payment service provider) in connection with the transaction and the

Customer is obliged to ensure that the respective fee for the selected Orion Challenge is

paid in full.

  1. CLIENT SECTION AND TRADING PLATFORM

4.1. Only one Client Section is permitted per Customer and all of the Customer’s Services must

be maintained in the Client Section.

4.2. The total number of Orion Challenges and Evaluations per one Client Section may be

limited depending on the total sum of the initial capital amounts of the products ordered

by the Customer or on the basis of other parameters. Unless the Provider grants an

exception to the Customer, the initial capital amounts may not be transferred between the

individual products or mutually combined. You may also not transfer or combine your

performance, Service parameters, data, or any other information between the products.

4.3. Access to the Client Section and Trading Platform is protected by login data, which

the Customer may not make available or share with any third party. If the Customer has

registered as a legal entity, the Customer may allow the use of the Services through the

Customer’s Client Section to the authorized employees and representatives. The Customer

is responsible for all activities that are performed through the Customer’s Client Section

or Trading Platform. The Provider bears no responsibility, and the Customer is not entitled

to any compensation, for any misuse of the Client Section, Trading Platform, or any part

of the Services, nor is the Provider responsible for any negative consequences thereof for

the Customer, if such misuse occurs for any reasons on the part of the Customer.

4.4. The Customer acknowledges that the Services may not be available around the clock,

particularly with respect to maintenance, upgrades, or any other reasons. In particular,

the Provider bears no responsibility, and the Customer is not entitled to any compensation,

for the unavailability of the Client Section or Trading Platform and for damage or loss

of any data or other content that Customer uploads, transfers or saves through the Client

Section or Trading Platform.

4.5. The Customer may at any time request the cancellation of the Client Section by sending

an e-mail to support@orionfunded.com. Sending a request for the cancellation of the Client

Section is considered as a request for termination of the contract by the Customer, with

the Customer being no longer entitled to use the Services, including the Client Section

and Trading Platform. The Provider will immediately confirm the receipt of the request to

the Customer by e-mail, whereby the contractual relationship between the Customer and

the Provider will be terminated. In such a case, the Customer is not entitled to any refund

of the fees already paid or costs otherwise incurred.

  1. RULES OF DEMO TRADING

5.1. During the demo trading on the Trading Platform, you may perform any transactions,

unless these constitute forbidden trading strategies or practices within the meaning

of clause 5.4. You also agree to follow good market standard rules and practices for trading

on financial markets (e.g., risk management rules). Restrictions may also be imposed by

the trading conditions of the Trading Platform that you have selected for trading.

5.2. You acknowledge that the Provider has access to information about the demo trades that

you perform on the Trading Platform. You grant the Provider your consent to share this

information with persons/entities who are in a group with the Provider or who are

otherwise affiliated with the Provider, and you grant the Provider and these

persons/entities your consent and authorization to handle this information at their own

will. You agree that these activities may be performed automatically without any further

consent, consultation, or approval on your part being necessary, and that you are not

entitled to any remuneration or revenue associated with the use of the data

by the Provider. The Provider is aware that you do not provide the Provider with any

investment advice or recommendations through your demo trading. You acknowledge that

you may suspend your demo trading on the Trading Platform at any time. The Provider bears no responsibility for the information displayed on the Trading Platform,

nor for any interruption of, or delay or inaccuracy in the market information displayed

through your Client Section.

To ensure compliance with our risk management policies and maintain a safe trading environment, the following conditions must be added during checkout:

Mandatory Use of Stop Loss
– Trading without Stop Loss is prohibited. A Stop Loss must be added to the position before trade execution. The only exception is for clients who choose the «Trade without SL» option during checkout.
– If a position is entered without a Stop Loss, it will be automatically closed. The user will receive an email notification of this action, indicating a «soft breach.» This breach will not result in the loss of the user’s account.

Weekend Trading Restrictions
– Maintaining open trades during weekends is not allowed. All positions will be closed at the market close on Friday unless the «Hold trades on weekends» option is selected at checkout.
– The closing time for CFD markets is 22:00 CET on Friday. All positions must be closed by this time, unless the exception mentioned above is chosen.

Failure to comply with these rules may result in the cancellation of trades and/or the suspension of the client’s account.

5.4. FORBIDDEN TRADING PRACTICES.

5.4.1. DURING THE DEMO TRADING, IT IS PROHIBITED TO:

(a) KNOWINGLY OR UNKNOWINGLY USE TRADING STRATEGIES THAT

EXPLOIT ERRORS IN THE SERVICES SUCH AS ERRORS IN DISPLAY

OF PRICES OR DELAY IN THEIR UPDATE;

(b) PERFORM TRADES USING AN EXTERNAL OR SLOW DATA FEED;

(c) PERFORM, ALONE OR IN CONCERT WITH ANY OTHER PERSONS,

INCLUDING BETWEEN CONNECTED ACCOUNTS, OR ACCOUNTS HELD

WITH DIFFERENT ORION ENTITIES, TRADES OR COMBINATIONS OF

TRADES THE PURPOSE OF WHICH IS TO MANIPULATE TRADING, FOR

EXAMPLE BY SIMULTANEOUSLY ENTERING INTO OPPOSITE POSITIONS;

(d) PERFORM TRADES IN CONTRADICTION WITH THE TERMS AND

CONDITIONS OF THE PROVIDER AND THE TRADING PLATFORM;

(e) USE ANY SOFTWARE, ARTIFICIAL INTELLIGENCE, ULTRA-HIGH SPEED,

OR MASS DATA ENTRY WHICH MIGHT MANIPULATE, ABUSE, OR GIVE

YOU AN UNFAIR ADVANTAGE WHEN USING OUR SYSTEMS OR

SERVICES;

(f) PERFORM GAP TRADING BY OPENING TRADE(S):

(I) WHEN MAJOR GLOBAL NEWS, MACROECONOMIC EVENT OR

CORPORATE REPORTS OR EARNINGS (“EVENTS”), THAT MIGHT

AFFECT THE RELEVANT FINANCIAL MARKET (I.E. MARKET THAT

ALLOWS TRADING OF FINANCIAL INSTRUMENTS THAT MIGHT BE

AFFECTED BY THE EVENTS), ARE SCHEDULED; AND

(II) 2 HOURS OR LESS BEFORE A RELEVANT FINANCIAL MARKET IS

CLOSED FOR 2 HOURS OR LONGER.; OR

(g) OTHERWISE PERFORM TRADES IN CONTRADICTION WITH HOW

TRADING IS ACTUALLY PERFORMED IN THE FOREX MARKET OR IN ANY

OTHER FINANCIAL MARKET, OR IN A WAY THAT ESTABLISHES

JUSTIFIED CONCERNS THAT THE PROVIDER MIGHT SUFFER FINANCIAL

OR OTHER HARM AS A RESULT OF THE CUSTOMER’S ACTIVITIES (E.G.

OVERLEVERAGING, OVEREXPOSURE, ONE-SIDED BETS, ACCOUNT

ROLLING).

5.4.2. As our Customer, you should understand and agree that all our Services are

for Customer’s personal use only, meaning that only you personally can access

your Orion Challenge and Evaluation accounts and perform trades. For that

reason, you should not, and you agree not to,

(a) allow access to and trading on your Orion Challenge and Evaluation

accounts by any third party nor you shall engage or cooperate with any

third party in order to have such third party perform trades for you,

whether such third party is a private person or a professional;

(b) access any third-party Orion Challenge and Evaluation accounts, trade

on behalf of any third party or perform any account management or

similar services, where you agree to trade, operate or manage the Orion

Challenge and Evaluation accounts on behalf of another user, all whether

performed as a professional or otherwise.

Please note that if you act or behave in contradiction with the aforesaid, we

will consider such action/behaviour as a Forbidden Trading Practice under

Section 5.4. with respective consequences as perceived under this GTC.

5.4.3. Furthermore, Customer shall not exploit the Services by performing trades

without applying market standard risk management rules for trading on

financial markets, this includes, among others, the following practices (i)

opening substantially larger position sizes compared to Customer’s other trades, whether on this or any other Customer’s account, or (ii) opening

substantially smaller or larger number of positions compared to Customer’s

other trades, whether on this or any other Customer’s account.

The Provider reserves the right to determine, at its own discretion, whether certain trades,

practices, strategies, or situations are Forbidden Trading Practices.

5.5. If the Customer engages in any of the Forbidden Trading Practices described in clause 5.4,

(i) the Provider may consider it as a failure to meet the conditions of the particular Orion

Challenge or Evaluation, (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 achieved by the demo trading, (iii) to immediately cancel all Services

provided to the Customer and subsequently terminate this contract, or (iv) reduce the

offered leverage on products to 1:5 on any or all Customer’s accounts.

5.6. In case when some or all Forbidden Trading Practices are executed on one or more Orion

Challenge and Evaluation accounts of one Customer, or accounts of various Customers,

or by combining trading through Orion Challenge and Evaluation accounts and Orion

Trader accounts, then the Provider is entitled to cancel all Services and terminate all

respective contracts related to any and all Customer’s Orion Challenge and Evaluation

accounts and/or apply other measures in Clause 5.5. The Provider may exercise any and

all actions in Clauses 5.5 and 5.6 at its own discretion.

5.7. If any Orion Trader accounts were used for or were involved in the Forbidden Trading

Practices, this may and will constitute a breach of respective terms and conditions for

Orion Trader account with third-party provider and may result in cancellation of all such

user accounts and termination of respective agreements by the third-party provider.

5.8. If the Customer engages in any of the practices described in clause 5.4 repeatedly,

and the Provider has previously notified the Customer thereof, the Provider may prevent

the Customer from accessing all Services or their parts, including access to the Client

Section and Trading Platform, without any compensation. In such a case, the Customer is

not entitled to a refund of the fees paid.

5.9. The Provider does not bear any responsibility for trading or other investment activities

performed by the Customer outside the relationship with the Provider, for example

by using data or other information from the Client Section, Trading Platform, or otherwise

related to the Services in real trading on financial markets, not even if the Customer uses

for such trading the same Trading Platform that the Customer uses for demo trading.

5.10. DEVELOPMENTS IN FINANCIAL MARKETS ARE SUBJECT TO FREQUENT AND ABRUPT CHANGES. TRADING ON FINANCIAL MARKETS MAY NOT BE PROFITABLE AND CAN LEAD TO SIGNIFICANT FINANCIAL LOSSES. ANY PREVIOUS PERFORMANCES AND PROFITS OF THE CUSTOMER’S DEMO TRADING ARE NOT A GUARANTEE OR INDICATION OF ANY FURTHER PERFORMANCE.

  1. ORION CHALLENGE AND EVALUATION

6.1. After paying the fee for the selected option of the Orion Challenge, the Customer will

receive the relevant login data for the Trading Platform at the e-mail address provided by

the Customer or in the Client Section. The Customer activates the Orion Challenge by

opening the first demo trade in the Trading Platform. YOU ACKNOWLEDGE THAT,

BY OPENING THE FIRST DEMO TRADE, YOU EXPRESSLY DEMAND THE PROVIDER

TO PROVIDE COMPLETE SERVICES. IF YOU ARE A CONSUMER, IT MEANS THE

COMPLETION OF SERVICES BEFORE THE EXPIRY OF THE PERIOD FOR WITHDRAWAL

FROM THE CONTRACT, WHICH AFFECTS YOUR RIGHT TO WITHDRAW FROM

THE CONTRACT, AS SPECIFIED IN MORE DETAIL IN CLAUSE 12. If you do not activate the

Orion Challenge within 30 calendar days of the date on which it was made available to

you, your access to it will be suspended. You can request the renewal of access via the

Client Section or by sending an e-mail to support@orionfunded.com within 3 months of the initial suspension, otherwise we will terminate the provision of the Services without any right to

a refund of the fee.

6.2. In order for the Customer to meet the conditions of the Orion Challenge, the Customer

must fulfill all of the following parameters at the same time: 6.2.1. the Customer has opened at least one demo trade on at least four different calendar days;

6.2.2. In the course of none of the calendar days during the Orion Challenge did

the Customer report a loss on any demo trades opened and closed on that

day, which would exceed the percentage of the initial capital.

6.2.3. at no time during the Orion Challenge did the Customer report a loss on

any opened and closed demo transactions, which would exceed in total

the percentage of the initial capital for the respective option as described

in our trading objectives section of the website at https://orionfunded.com/#trading-objectives

6.2.4. the Customer is in a total profit on all closed demo trades amounting to

at least the percentage of the initial capital for the respective option as

described in our trading objectives section of the website at https://orionfunded.com/#trading-objectives

6.3. If the Customer has met the conditions of the Orion Challenge specified in clause 6.2, and

at the same time has not violated these GTC, in particular the rules of demo trading under

clause 5.4, the Provider will evaluate the Orion Challenge as successful and will make the

Evaluation available to the Customer free of charge by sending login details to the

Customer’s e-mail address or Client Section. The Provider does not have to evaluate the

Orion Challenge if the Customer has not closed all trades.

6.4. The Customer activates the Evaluation by opening the first demo trade in the Trading

Platform. If the Customer does not activate the Evaluation within 30 calendar days from

the day on which the Customer received the new login data, the Customer’s access to the

Evaluation will be suspended. The Customer may request the renewal of access via the

Client Section or by sending an e-mail to support@orionfunded.com within 6 months of the

suspension, otherwise we will terminate the provision of the Services without any right to

a refund.

6.5. In order for the Customer to meet the conditions of the Evaluation, the Customer must

fulfil all of the following parameters at the same time:

6.5.1. during the Evaluation, the Customer has opened at least one demo trade

on at least four different calendar days; 

6.5.2. in the course of none of the calendar days during the Evaluation did the

Customer report a loss on any demo trades opened and closed on that

day, which would exceed the percentage of the initial capital for the

respective option as described in our trading objectives section of the website at https://orionfunded.com/#trading-objectives

6.5.3. at no time during the Evaluation did the Customer report a loss on the

sum of the opened and closed demo trades, which would exceed in total

the percentage of the initial capital for the respective option as described

in our trading objectives section of the website at https://orionfunded.com/#trading-objectives

6.5.4. Customer is in total profit from all closed demo trades amounting to at

least the percentage of the initial capital for the respective option as

described in our trading objectives section of the website at https://orionfunded.com/#trading-objectives

6.6. For the Customer to meet conditions of the Evaluation, the Customer shall comply with

the following:

6.6.1. Customer has met the conditions of the Evaluation specified in clause 6.5;

6.6.2. Customer has not violated these GTC, in particular, the rules of demo

trading under clause 5.4; and

6.6.3. Customer has not exceeded the maximum total amount of the capital

allocation of USD 300,000, individually or in combination, per Customer or per each trading strategy, within the meaning of applicable Orion Trader Program agreement, if

Customer is already participating in the Orion Trader Program.

If the above conditions are met, the Provider will evaluate the Evaluation as successful

and will recommend the Customer as a candidate for the Orion Trader program. The Provider

does not have to evaluate the Evaluation if the Customer has not closed all transactions.

6.7. If during the Orion Challenge the Customer does not comply with some of the conditions

specified in clause 6.2.2. or 6.2.3., the Orion Challenge will be evaluated as unsuccessful,

and the Customer will not be allowed access to the subsequent Evaluation. If during the

Evaluation the Customer does not comply with any of the conditions specified in clause

6.5.2. or 6.5.3., the Evaluation will be evaluated as unsuccessful, and the Customer will

not be recommended as a candidate for the Orion Trader program. In such cases, the

Customer’s account and Services will be cancelled without refund of fees already paid.

6.8. Provider recommending Customer as a candidate for the Orion Trader Program in no way

guarantees Customer’s acceptance into the Orion Trader Program. The Provider is not

responsible for Customer being rejected by the Orion Trader Program for any or no reason.

  1. ORION TRADER

If the Customer is successful in both the Challenge and Evaluation, the Customer may be

offered a contract by a third-party company, in its sole discretion to participate in the

Orion Trader Program. The terms, conditions, and agreement between the Customer and

a third-party company are strictly between the Customer and the third-party company.

ORION GLOBAL – FZCO is in no way involved with the Orion Trader Program

agreement—or lack thereof—executed between the third-party company and the

Customer. The Customer acknowledges their personal data may be shared with a third-

party company for purposes of considering offering such a contract.

  1. USE OF THE WEBSITE, SERVICES AND OTHER CONTENT

8.1. The Website and all Services, including the Client Section, their appearance

and all applications, data, information, multimedia elements such as texts, drawings,

graphics, design, icons, images, audio and video samples, and any other content that may

form the Website and the Services (collectively as the “Content”), are subject to legal

protection pursuant to copyright laws and other legal regulations and are the property of

the Provider or the Provider’s licensors. The Provider grants you limited, non-exclusive,

non-transferable, non-assignable, non-passable, 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 the Provider or the Provider’s licensors.

8.2. All trademarks, logos, trade names, and other designations are the property of the

Provider or Provider’s licensors, and the Provider does not grant you any authorization to

use them.

8.3. Both the Customer and the Provider undertake to act in accordance with the principles

of fair dealing 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.

The Customer and the Provider will resolve any possible disagreements or disputes

between them in accordance with these GTC and the applicable law.

8.4. Except for the rights expressly set out in these GTC, the Provider does not grant you any

other rights relating to the Services and other Content. You may only use the Services

and other Content as set out in these GTC.

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

8.5.1. to use any tools that may adversely affect the operation of the

Website and Services or that would be intended to take advantage of

errors, bugs or other deficiencies of the Website and Services;

8.5.2. to circumvent geographical restrictions of availability or any other

technical restrictions;

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

8.5.4. to reverse-engineer, decompile, disassemble or otherwise modify

the Website and other Content;

8.5.5. to sell, rent, lend, license, distribute, reproduce, spread, stream,

broadcast or use the Services or other Content otherwise than

as permitted;

8.5.6. to use automated means to view, display or collect information

available through the Website or Services; and

8.5.7. to use any other tools or means the use of which could cause

any damage to the Provider.

8.6. The provisions of clause 8 are not intended to deprive the Customer of the Customer’s

consumer rights which cannot be excluded by law.

  1. DISCLAIMER

9.1. YOU ACKNOWLEDGE THAT THE SERVICES AND OTHER CONTENT ARE PROVIDED “AS IS” WITH ALL THEIR ERRORS, DEFECTS AND SHORTCOMINGS, AND THAT THEIR USE IS AT YOUR SOLE RESPONSIBILITY AND RISK. TO THE MAXIMUM EXTENT PERMITTED BY THE MANDATORY LAWS, THE PROVIDER DISCLAIMS ANY STATUTORY, CONTRACTUAL, EXPRESS, AND IMPLIED WARRANTIES OF ANY KIND, INCLUDING ANY WARRANTY OF QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON- INFRINGEMENT OF ANY RIGHTS.

9.2. TO THE EXTENT PERMITTED BY THE MANDATORY PROVISIONS OF THE APPLICABLE LAWS, THE PROVIDER IS NOT RESPONSIBLE FOR ANY HARM, INCLUDING ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFIT, LOSS OF DATA, PERSONAL OR OTHER NON-MONETARY HARM OR PROPERTY DAMAGE CAUSED AS A RESULT OF USE OF THE SERVICES OR RELIANCE ON ANY TOOL, FUNCTIONALITY, 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 PRODUCTS, SERVICES, APPLICATIONS OR OTHER THIRD- PARTY CONTENT THAT THE CUSTOMER USES IN CONNECTION WITH THE SERVICES. IN CASE THE PROVIDER’S LIABILITY IS INFERRED IN CONNECTION WITH THE OPERATION OF THE WEBSITE OR PROVISION OF THE SERVICES BY A COURT OF JUSTICE OR ANY OTHER COMPETENT AUTHORITY, THIS LIABILITY SHALL BE LIMITED TO THE AMOUNT CORRESPONDING TO THE FEE PAID BY THE CUSTOMER FOR THE SERVICES IN CONNECTION WITH WHICH THE CUSTOMER HAS INCURRED THE LOSS.

9.3. The Provider reserves the right to modify, change, replace, add, or remove any elements

and functions of the Services at any time without any compensation.

9.4. The Provider is not responsible for its failure to provide the purchased Services if that

failure occurs due to serious technical or operational reasons beyond the Provider’s

control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection,

pandemic, a threat to a large number of people or other force majeure events, and/or

if the Provider is prevented from providing the Services as a result of any obligations

imposed by law or a decision of a public authority.

9.5. The provisions of Clause 9 are not intended to deprive the Customer of the Customer’s

consumer or other rights that cannot be excluded by law.

  1. VIOLATION OF THE GTC

10.1. IF THE CUSTOMER VIOLATES ANY PROVISION OF THESE GTC IN A MANNER THAT MAY CAUSE ANY HARM TO THE PROVIDER, IN PARTICULAR, IF THE CUSTOMER ACCESSES THE SERVICES IN CONFLICT WITH CLAUSE 1.3 OR 1.4, IF THE CUSTOMER PROVIDES INCOMPLETE, UNTRUE OR NON-UPDATED INFORMATION IN CONFLICT WITH CLAUSE 2.3, IF THE CUSTOMER ACTS IN A MANNER THAT MAY DAMAGE THE PROVIDER’S GOOD REPUTATION, IF THE CUSTOMER VIOLATES THE DEMO TRADING RULES PURSUANT TO CLAUSE 5.4, IF THE CUSTOMER ACTS IN CONFLICT WITH CLAUSE 8.3, AND/OR IF THE CUSTOMER PERFORMS ANY OF THE ACTIVITIES REFERRED TO IN CLAUSE 8.5, THE PROVIDER MAY PREVENT THE CUSTOMER FROM ORDERING ANY OTHER SERVICES AND COMPLETELY OR PARTIALLY RESTRICT THE CUSTOMER’S ACCESS TO ALL OR ONLY SOME SERVICES, INCLUDING ACCESS TO THE CLIENT SECTION AND TRADING PLATFORM, WITHOUT ANY PRIOR NOTICE AND WITHOUT ANY COMPENSATION.

  1. COMMUNICATION

11.1. You acknowledge that all communication from the Provider or its partners in connection

with the provision of Services will take place through the Client Section or your e-mail

address, which you register with us. Written electronic communication by e-mail

or through the Client Section is also considered to be written communication.

11.2. Our contact e-mail address is support@orionfunded.com and our contact address is Dubai Silicon Oasis, IFZA Properties, DDP1, A1 Building, Dubai, United Arab Emirates.

  1. RIGHT TO WITHDRAW FROM A CONTRACT

12.1. If you are a consumer, you have the right to withdraw from a contract without giving a

reason within 14 days of its execution (see clause 2.10 for details on the time of execution

of the agreement). PLEASE NOTE THAT IF YOU START PERFORMING DEMO TRADES

BEFORE THE EXPIRY OF THE SPECIFIED TIME LIMIT, YOU LOSE YOUR RIGHT TO

WITHDRAW FROM THE CONTRACT.

12.2. Your withdrawal from the contract must be sent to our e-mail address support@orionfunded.com within the specified time limit.

We will confirm the receipt of the form to you in text form without undue delay. If you

withdraw from the contract, we will refund you without undue delay (no later than 30 days

after your withdrawal from the contract) all fees we have received from you, in the same

way in which you paid them.

12.3. The Provider is entitled to withdraw from the contract in the case of any breach by the

Customer specified in Clause 10. The withdrawal has effect from the day of its delivery to

the e-mail address of the Customer or through the Client Section.

  1. DEFECTIVE PERFORMANCES

13.1. If the Services do not correspond to what was agreed or have not been provided to you,

you can exercise your rights from defective performance. The Provider does not provide

any guarantee for the quality of the services. You must notify us of the defect without

undue delay at our e-mail address or at our address listed in clause 11.2. When exercising

the rights from defective performance, you may request that we remedy the defect

or provide you with a reasonable discount. If the defect cannot be remedied, you can

withdraw from the contract or claim a reasonable discount.

13.2. We will try to resolve any complaint you may lodge as soon as possible and we will confirm its receipt and settlement to you in writing.

If we do not settle the complaint in time, you have the right to withdraw from the contract.

You can file a complaint by sending an e-mail to our e-mail address support@orionfunded.com.

  1. CHANGES TO THE GTC

14.1. The Provider reserves the right to change these GTC from time to time with effect for the

contract previously entered into by the Customer. The Provider will notify the Customer

of the change in the GTC at least 7 days before the change in the GTC is effective, via the

Client Section or by e-mail. If the Customer does not agree with the change, the Customer

is entitled to reject it. The Customer must do so no later than on the last business day

before these changes take effect by sending the rejection to our e-mail address

support@orionfunded.com. Upon receiving such rejection, the contract will be terminated. If the

Customer does not reject the change, it is considered that the Customer agrees to the

new version of GTC.

14.2. If the change offers the Customer a new service or other additional functionalities or this

change is solely to their advantage, the Provider can inform the Customer about this

change less than 7 days before the effective date of such change, but no later than the

day before its effectiveness.

14.3. The Provider will mainly change these GTC for the following reasons:

14.3.1. to introduce new services or products or amend existing services or

products;

14.3.2. to reflect legal or regulatory requirements that apply to the Provider;

14.3.3. when the Provider will try to make these GTC easier to understand

or more helpful to the Customer;

14.3.4. to adjust the way our Services are provided, particularly if the change

is needed because of a change in the way the technology is provided

or background processes;

14.3.5. to reflect changes in the cost of running our business.

  1. CHOICE OF LAW AND JURISDICTION

15.1. Any legal relations established by these GTC or related to them, as well as any related non-contractual legal relations, shall be governed by the laws of the United Arab Emirates.

Any dispute that may arise in connection with these GTC and/or related agreements will fall within the jurisdiction of the UAE court having local jurisdiction according to the registered office of the Provider.

15.2. The provisions of clause 16.1 do not deprive consumers of the protection afforded to them by the mandatory laws of the United Arab Emirates or any other applicable jurisdiction.

  1. DURATION AND TERMINATION OF THE CONTRACT

16.1. The contract is concluded for a definite period until the Orion Challenge or Evaluation is

passed or failed in accordance with the clause 6.2. or 6.5 respectively.

16.2. The contract may be terminated by either party earlier in accordance with these GTC. The

contract terminates automatically and with immediate effect in case the Customer during

Orion Challenge or Evaluation does not open at least one demo trade during a period of

30 consecutive days.

16.3. Notwithstanding clause 15.2 the Provider may terminate this contract with cause and

immediate effect when the provision of Services under contract would affect the ability of

the Provider to adhere to its legal obligations or orders or decisions of a governmental

bodies or other regulators

16.4. Either Party may terminate this contract without cause by serving a written notice at least

7 days in advance in accordance with Clause 11 on the other Party.

  1. FINAL PROVISIONS

17.1. The Provider has not adopted any consumers codes of conduct.

17.2. These GTC constitute the complete terms and conditions agreed between you and the

Provider and supersede all prior agreements relating to the subject matter of the GTC,

whether verbal or written.

17.3. Nothing in these GTC is intended to limit any legal claims set out elsewhere in these GTC

or arising from the applicable law. If the Provider or any third party authorized thereto

does not enforce the compliance with these GTC, this can in no way be construed

as a waiver of any right or claim.

17.4. The Provider may assign any claim arising to the Provider from these GTC

or any agreement to a third party without your consent. You agree that the Provider may,

as the assignor, transfer its rights and obligations under these GTC or any agreement

or parts thereof to a third party. The Customer is not authorized to transfer or assign

the Customer’s rights and obligations under these GTC or any agreements or parts

thereof, or any receivables arising from them, in whole or in part, to any third party.

17.5. If any provision of the GTC is found to be invalid or ineffective, it shall be replaced

by a provision whose meaning is as close as possible to the invalid provision. The invalidity

or ineffectiveness of one provision shall not affect the validity of the other provisions.

No past or future practice established between the parties and no custom maintained

in general or in the industry relating to the subject-matter of the performance, which is

not expressly referred to in the GTC, shall be applied and no rights and obligations shall

be derived from them for the parties; in addition, they shall not be taken into account

in the interpretation of manifestations of the will of the parties.

17.6. The schedules to the GTC form integral parts of the GTC. In the event of a conflict between the wording of the main text of the GTC and any schedule thereof, the main text of the GTC shall prevail.

17.7. Prior to the mutual acceptance of these GTC, the parties have carefully assessed

the possible risks arising from them and accept those risks.

  1. DEFINITIONS, EXPRESSIONS AND ABBREVIATIONS USED

18.1. For the purposes of the GTC, the following definitions shall have the following meanings:

18.1.1. “Client Section” means the user interface located on the Website;

18.1.2. “Content” means the Website and all Services, including the Client

Section, their appearance and all applications, data, information,

multimedia elements such as texts, drawings, graphics, design,

icons, images, audio and video samples and other content that may

form the Website and the Services (as set out in clause 8.1);

18.1.3. “Customer” means the user of the Services (as set out in clause

1.1);

18.1.4. “Events” means events as set out in clause 5.4.1(f)(I);

18.1.5. “Orion Challenge and Evaluation account” means demo trading

accounts related to trading education courses provided as part of the

Services by the Provider;

18.1.6. “Orion Trader account” means a demo trading account, which relates to

the Orion Trader program provided by a third-party provider;

18.1.7. “Forbidden Trading Practices” means trading practices strictly

forbidden while using our Services and are more detailed in Section

5.4 of these GTC;

18.1.8. “GTC” means these General Terms and Conditions of Orion;

18.1.9. “Provider” means the provider of certain Services (as set out

in clause 1.1);

18.1.10. “Schedules” means Schedule 1 and any other Schedules as

applicable, which are part of these GTC;

18.1.11. “Services” means the Provider’s services as set out in clauses 1.1

and 1.5;

18.1.12. “Trading Platform” means an electronic interface provided

by a third party in which the Customer performs the demo trading;

18.1.13. “Website” means the website www.orionfunded.com.

18.2. For the purposes of the GTC and their schedules, the following expressions

and abbreviations shall have the following meanings:

18.2.1. “calendar day” means the period from midnight to midnight

of the time currently valid in the United Arab Emirates time.

18.2.2. “initial capital” means a fictitious amount that the Customer has

chosen when selecting the option of the Orion Challenge and which

the Customer will use to perform demo trading;

18.2.. “CZK” means the Czech crown;

18.2.4. “EUR” means the euro;

18.2.5. “USD” means the United States dollar;

18.2.6. “GBP” means the British pound;

These GTC shall enter into force and effect on 10 January 2024.

If you have any question about the GTC, kindly send an email to support@orionfunded.com

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