CHALLENGE & FUNDED ACCOUNT TERMS
Zibrock LTD
By completing your purchase, you agree to be bound by our Challenge & Funded Account Terms. Please ensure you have reviewed our Privacy Policy.
1.1. By purchasing a Challenge or accepting a Funded Account, the TRADER agrees to these Terms & Conditions ("Terms"). These Terms apply to both the evaluation phase ("Challenge") and the funded phase ("Funded Account"), unless explicitly stated otherwise.
1.2. Zibrock LTD offers two types of Challenges:
1.3. Both Challenge and Funded Accounts are simulated trading environments for evaluation purposes only. Account balances are virtual and do not represent real funds accessible to the TRADER.
1.4. Zibrock LTD may, at its sole discretion, choose to replicate ("mirror") trades from these accounts to live markets for internal purposes.
1.5. The TRADER is not entitled to claim a share of actual market profits. All payouts are classified as performance-based rewards for meeting Company risk management and trading discipline criteria, not as a share of trading profits.
2.1. Both Challenge types have two phases:
2.2. Daily loss limit: 5% of starting balance
2.3. Maximum total loss limit: 10% of starting balance
2.4. If the TRADER purchases the +2% Maximum Drawdown Add-On, the maximum total loss limit increases to 12%.
2.5. Loss calculation type: Static Drawdown (not trailing).
2.6. Minimum trading days per phase: 5 days.
3.1. The following are strictly prohibited unless otherwise approved: a) Use of Expert Advisors (EAs), bots, or automated strategies. b) High-frequency trading (HFT) and arbitrage exploitation.
3.2. News Trading Rule: Trading is permitted during news events; however: a) 5 minutes before and 5 minutes after high-impact news, if a Trader closes a profitable trade, 50% of the profit from that trade will be deducted. b) This rule also applies to any triggered limit orders, stop orders, stop losses, or take profits during this period.
3.3. Profit deductions will occur within 24 hours of rule violation, from the TRADER's active account (Challenge or Funded).
3.4. Breach of risk limits will result in account termination without refund.
4.1. The TRADER's floating (unrealized) loss must not exceed 3% of the initial account balance at any time, measured by account equity.
4.2. Violation consequences: a) First violation results in a Soft Breach (trading may continue; violation is recorded). b) Second violation results in a Hard Breach, and the account may be terminated, disabled, or reset according to Zibrock LTD's risk policy.
4.3. All floating loss limits are monitored automatically in real time by the risk management system.
4.4. Practical application: a) Your open trades must not go below −3% of your starting account balance at any time. b) Example: If your account is $100,000, your maximum floating loss is $3,000. c) If your open loss reaches −3% for the first time → Soft Breach (warning only, trading can continue). d) If it happens again → Hard Breach (account may be closed or reset). e) This rule is checked automatically in real time based on your account equity.
5.1. The TRADER successfully passes the Challenge when: a) All profit targets are met. b) All loss limits and rules are respected.
5.2. Upon passing, the TRADER receives a Funded Account with the same trading rules and risk parameters.
5.3. TRADERS who pass the Challenge and comply with all rules will receive a refund of the Challenge fee with their first Funded Account payout.
5.4. If the TRADER has purchased the Payout on Demand Add-On, the refund will only be paid once the Trader achieves 5% profit on their Funded Account.
6.1. Standard payouts are processed within 24 hours of request.
6.2. A 1.2% withdrawal processing fee applies to all payouts.
6.3. In the event of force majeure, payout timelines may be extended with prior notice to the TRADER.
7.1. All rules from Sections 2, 3, and 4 apply to Funded Accounts.
7.2. Any violation of Challenge or Funded Account rules may result in account termination without refund or payout.
8.1. Zibrock LTD does not operate in jurisdictions where such services are illegal.
8.2. It is the Trader's responsibility to ensure participation is legal in their jurisdiction.
8.3. Any breach of local laws is the sole responsibility of the TRADER.
9.1. All TRADERS must successfully complete Know Your Customer (KYC) verification before any Funded Account activation or payout.
9.2. KYC must be completed by the registered account holder; third-party verification is not permitted.
9.3. Zibrock LTD may request Enhanced Due Diligence (EDD), which may include additional documents or video verification.
9.4. Failure to complete KYC/EDD will result in account termination without payout.
10.1. Zibrock LTD reserves the right to amend these Terms at any time.
10.2. Changes will be posted on the Company website, and it is the Trader's responsibility to review the Terms regularly.
11.1. By purchasing a Challenge or accepting a Funded Account, the TRADER confirms: a) They have read, understood, and agreed to these Terms. b) They accept that accounts are simulated and payouts are performance-based rewards. c) They are bound by all Company rules, including those in the T&C and Trading Rules sections on the website.
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Last Updated: March 2026 Zibrock LTD - All Rights Reserved