Terms & Conditions

01Introduction

Welcome to Cleared Capital. These Terms and Conditions ("Terms") govern your access to and use of the website, services, and trading evaluation programs (collectively, the "Service") offered by Cleared Capital (Pty) Ltd ("Cleared Capital", "we", "us", or "our"), a company registered in the Republic of South Africa.

By creating an account, purchasing an evaluation, or otherwise using the Service, you ("you", "User", "Trader") agree to be bound by these Terms. If you do not agree, you must not use the Service.

02Definitions

For the purpose of these Terms:

• "Account" means the user account you create on our website.
• "Evaluation" or "Challenge" means our two-phase trading skills assessment program.
• "Funded Account" means a simulated trading account on which you may earn a profit share after successfully completing an Evaluation.
• "Profit Share" means the percentage of net trading profit that is paid out to you in accordance with section 8.
• "Trading Platform" means the third-party platform (e.g. MetaTrader 5) on which simulated trading is performed.

03Nature of service

Cleared Capital provides a simulated trading evaluation program. Users purchase access to a simulated trading account and attempt to meet specified performance objectives within defined risk parameters.

You acknowledge and agree that:

• All trading conducted through the Service is performed on simulated (demo) accounts using virtual capital. No real funds are deposited or traded by you.
• Cleared Capital is not a broker, dealer, or financial services provider, and the Service does not constitute investment, trading, or financial advice.
• The Service is offered as an educational and skills-evaluation product, intended to identify and reward consistent trading discipline.
• Profit Shares paid out under section 8 represent compensation for the educational/evaluation service rendered, not returns on an investment.

04Eligibility

To use the Service, you must:

• Be at least 18 years of age and have full legal capacity to enter into binding contracts in your jurisdiction;
• Provide accurate, current, and complete information during registration;
• Not be a resident of, or located in, any jurisdiction where the Service is prohibited by applicable law;
• Not be subject to any sanctions list, anti-money laundering, or counter-terrorism financing restrictions.

We reserve the right to verify your identity at any time, including before processing any Profit Share payout, in line with our Know Your Customer (KYC) and Financial Intelligence Centre Act (FICA) obligations.

05Account & access

You are responsible for maintaining the confidentiality of your Account credentials and for all activities that occur under your Account. You must notify us immediately of any unauthorised access.

You may not share, transfer, or sell your Account or trading credentials. Each Account is for the use of a single, identified individual. Account sharing is grounds for termination and forfeiture of any pending Profit Share.

06Evaluation rules

The Evaluation consists of two consecutive phases. To pass each phase, you must:

Profit objectives

• Phase 1: Achieve a profit equal to 10% of the starting account balance.
• Phase 2: Achieve a profit equal to 5% of the starting account balance.

Risk parameters

• Maximum daily loss: 5% of the starting account balance, calculated on equity at any point during the trading day. Reset at 00:00 SAST.
• Maximum overall drawdown: 10% of the starting account balance, measured from the initial balance.
• Minimum trading days: Four (4) distinct trading days per phase.
• Best-day cap: Your single best trading day may not represent more than 50% of total profit for the phase.

Breach of any risk parameter results in immediate termination of the Evaluation. No refunds are due in respect of breached Evaluations except as set out in our Refund Policy.

07Fees & payments

The Evaluation fee is displayed in South African Rand (ZAR) at the time of purchase and is payable upfront. We use third-party payment processors (such as PayFast) to handle transactions.

You agree to pay all applicable fees and authorise us to charge your selected payment method. Fees are non-refundable except where required by South African consumer protection law or as set out in our Refund Policy.

08Profit splits & payouts

Upon successful completion of both Evaluation phases, you become eligible for a Funded Account. Profit Shares from the Funded Account are calculated as follows:

• Trader share: 80% of net profit generated during the payout period.
• Cleared Capital share: 20% of net profit.

Payouts are processed via electronic funds transfer (EFT) to a verified South African bank account in your name. Payouts may be requested on-demand subject to a minimum payout threshold of R500. We reserve the right to withhold payouts pending identity verification, dispute resolution, or investigation of suspected breach of these Terms.

09Prohibited conduct

You agree not to:

• Use any form of arbitrage, latency-exploitation, hedging across accounts, or strategies that exploit pricing errors, demo-server inaccuracies, or feed delays;
• Use copy-trading, expert advisors, or automated systems not expressly permitted by us;
• Open opposing positions in correlated instruments across accounts to neutralise risk;
• Engage in market manipulation, fraud, or any unlawful activity;
• Misrepresent your identity, share Account access, or operate multiple Accounts to circumvent these Terms.

Trades or Accounts found to violate this section may be voided at our sole discretion, with associated profits forfeited.

10Termination

We may suspend or terminate your Account at any time, with or without notice, if you breach these Terms, engage in prohibited conduct, or where we believe such action is necessary to comply with law or protect our legitimate interests. You may close your Account at any time by contacting support.

Termination does not affect any rights or obligations that have accrued prior to termination.

11Limitation of liability

To the maximum extent permitted by South African law, Cleared Capital, its directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including lost profits or data, arising out of or in connection with your use of the Service.

Our total aggregate liability for any claim arising out of or in connection with the Service shall not exceed the total fees paid by you in the twelve (12) months preceding the event giving rise to the claim.

12Disputes & jurisdiction

These Terms are governed by the laws of the Republic of South Africa. Any dispute arising out of or in connection with these Terms shall first be addressed through good-faith negotiation. Where this fails, disputes shall be referred to the jurisdiction of the South African courts.

Nothing in these Terms limits your rights as a consumer under the Consumer Protection Act 68 of 2008.

13Changes to these terms

We may update these Terms from time to time. Material changes will be communicated via email and a notice on the website at least 14 days before they take effect. Continued use of the Service after the effective date constitutes acceptance of the updated Terms.

14Contact

For any questions about these Terms, please contact us at:

• Email: support@clearedcapital.com
• Address: Cleared Capital (Pty) Ltd, [Registered Office Address], South Africa
• Company registration: [Reg. No. to be inserted]