Challenge Terms and Conditions

Nature of Service

The Challenge constitutes a professional evaluation and skills assessment designed to assess trading strategy, discipline, and risk management within a simulated trading environment. The Challenge is not a game of chance, lottery, betting activity, competition for prizes, or gambling activity within the meaning of the Swiss Federal Act on Money Games (Geldspielgesetz, BGS).

Participation in the Challenge is based exclusively on the participant's trading decisions and performance within a simulated environment. No element of randomness or chance is introduced by ZoneX.

Participation Fee

The participation fee constitutes a fixed, non-refundable service fee for access to software tools, data, and the evaluation process. The fee:

• does not constitute a stake, wager, or bet;
• is not risked in exchange for the prospect of a gain;
• is not pooled with fees of other participants;
• is not redistributed;
• is not used as trading capital; and
• does not give rise to any entitlement to funds, prizes, or rewards.

Payment of the participation fee does not create any right to receive money or economic benefit.

No Prize or Monetary Gain

During the Challenge:

• no monetary prize is offered;
• no prize pool exists;
• no refund, credit, or bonus is granted based on performance;
• no ranking or competitive reward is provided; and
• no financial benefit arises from Challenge performance.

Successful completion of the Challenge does not entitle the participant to any payment, prize, or monetary gain.

No Competition

The Challenge is not a competition between participants. Participants are not ranked against one another, and no comparative rewards are offered. Performance thresholds are objective criteria designed solely for evaluation purposes.

Separate Contractual Relationship

Successful completion of the Challenge does not automatically result in any right to trade company capital or receive remuneration. Any subsequent trading activity, if offered, is subject to:

• separate approval by ZoneX;
• completion of identity verification and compliance procedures; and
• execution of a separate written agreement.

Successful completion of a Challenge does not guarantee allocation of live trading capital. ZoneX may, at its sole discretion, provide access to live proprietary accounts, simulated trading environments, or a scaled allocation model based on risk management, capital availability, and performance assessment criteria.

Any remuneration payable under such separate agreement constitutes compensation for services rendered and does not constitute a prize, reward, or gambling gain.

The Challenge and any subsequent trading relationship are legally and economically independent.

No Automatic Rights

ZoneX reserves the sole and absolute discretion to determine whether to enter into any subsequent contractual relationship with a participant. Completion of the Challenge does not create a claim, entitlement, or expectation of payment.

No Pooling of Funds

Participation fees are not pooled or redistributed among participants. ZoneX does not operate any prize fund or redistribution mechanism in connection with the Challenge.

Simulated Funds

All trading during the Challenge occurs in a simulated environment using notional funds. No real capital is provided to participants during the Challenge.

Regulatory Characterization

The parties acknowledge that the Challenge is structured as a professional evaluation service and is not intended to constitute a money game within the meaning of the Swiss Federal Act on Money Games (BGS).

General

ZoneX offers multiple Challenge types, each with distinct evaluation parameters. The specific rules, drawdown limits, time limits, and minimum trading day requirements vary by Challenge type. All Challenge types remain subject to the general terms set forth in Sections 1–9 above.

Minimum Trading Days

Unless otherwise specified, each phase of the Challenge requires a minimum of 14 trading days. The High Conviction Challenge type requires a minimum of 7 trading days per phase.

High Conviction Challenge

The High Conviction Challenge is a specialized evaluation type available exclusively for futures-based simulated accounts. It is subject to the following parameters:

• Drawdown Limits (Trailing Daily): 5% daily loss limit and 15% maximum drawdown. Both recalculate once per day at the 02:00 Europe/Zurich reset, from the new starting balance snapshotted at that time. No weekly drawdown limit applies.
• Performance Targets: 20% profit target (1-Step) or 15% Phase 1 + 10% Phase 2 (2-Step).
• Evaluation Period: No fixed time limit. Inactive accounts may be archived after extended inactivity.
• Minimum Trading Days: 7 trading days per phase.
• Risk Constraints: Mandatory stop-loss on every position. No risk-per-trade cap, no reward-to-risk ratio requirement, and no consecutive loss rule apply.
• Account Type: Available for futures accounts only. Spot accounts are not eligible for this Challenge type.

All other terms and conditions set forth in these Challenge Terms apply equally to the High Conviction Challenge. Successful completion does not create any entitlement to trade company capital or receive remuneration, as described in Sections 5 and 6.

The liquidation distance applicable to a position is determined by the execution venue's margin requirements for that instrument, leverage and position size, and is not set by ZoneX. A stop-loss order may not be placed further from the entry price than 90% of that distance. Placement or modification of a stop-loss exceeding this limit, and any change of leverage causing an existing position to exceed it, constitute a breach, and the account is terminated. Liquidation or auto-deleveraging of a position by the venue constitutes an independent and unconditional breach, irrespective of any drawdown threshold. Where a venue does not publish its risk-limit ladder, a conservative estimate of the liquidation distance is applied and is identified as an estimate where displayed.

Activation and Validity Period

A purchased Challenge must be activated within thirty (30) days of the date of purchase by completing account setup and connecting your exchange as instructed. Challenges not activated within this window may be forfeited without refund. Once activated, one-step and two-step Challenges (other than High Conviction, which has no time limit as described in Section 10) do not have a maximum time to complete, but the account must remain in continuous compliance with all rules; funded accounts allocated after passing an evaluation are subject to the inactivity rules set out below.

Funded (real-funded) accounts that record no qualifying trading activity for a continuous period of sixty (60) days may be suspended and, after a further thirty (30) days of continued inactivity, closed at ZoneX AG's discretion. Any unpaid performance incentive up to the date of suspension will still be processed subject to KYC and the rules set out in these Terms.

Non-Transferability

Challenges, subscriptions, funded accounts, free retries, promotional discounts, and any associated benefits are personal to the purchaser named on the order. They are non-transferable and may not be sold, assigned, gifted, sub-licensed, shared, or otherwise transferred to any other person or entity, whether for consideration or otherwise. Any attempt to transfer is void and constitutes a material breach entitling ZoneX AG to terminate the account without refund.

Rule-Change Lock for Active Challenges

The Challenge rules in force on the date your Challenge is activated (including Daily Drawdown, Total Drawdown, minimum trading days, profit targets, and the Stop-Loss requirement) will govern that specific Challenge until it is passed, failed, or expires, and no later rule change will apply retroactively to disadvantage you within that Challenge, save for changes required by applicable law, sanctions, or fraud, security, and market-integrity measures, which may take effect immediately. Rule changes announced by ZoneX AG apply to Challenges purchased or activated after the effective date of the change. For funded accounts, ZoneX AG may update trading rules, disbursement mechanics, and operational parameters on at least thirty (30) days' prior notice by email or in-account notification; continued trading after the effective date constitutes acceptance.

Execution Environment

Incentive-eligible accounts may operate in either a simulated trading environment or a real-market execution environment.

In simulated environments, trades are executed within a simulated system designed to replicate real market conditions.

Regardless of the execution environment, disbursements are funded by ZoneX AG based on the trader's performance and compliance with program rules.

The company may determine, at its sole discretion, whether any account operates in a simulated or real execution environment.

Real-Capital Account Allocation

Assignment of accounts connected to real trading capital is not automatic.

ZoneX AG may, at its sole discretion, determine whether a trader is allocated to a simulated incentive-eligible account or a real-capital incentive-eligible account.

Such decisions may be based on internal evaluation criteria including performance consistency, trading behavior, risk management discipline, and operational considerations.

Verification Prior to Disbursement

Before any withdrawal can be processed, traders must complete any required identity verification, compliance checks, and onboarding procedures required by ZoneX AG.

Failure to complete these requirements may result in delays or suspension of disbursement eligibility until verification is completed.

Withdrawal Review

All withdrawal requests are subject to internal operational review.

ZoneX AG reserves the right to review trading activity, account performance, and compliance with platform rules prior to approving any disbursement request.

This review is intended to ensure compliance with program rules and maintain the integrity of the platform.

Free Retry Policy

A free retry is granted if the trader reaches at least 5% profit at any point during the challenge — even if the account subsequently breaches the daily loss limit, maximum drawdown, or otherwise fails to complete the challenge.

ZoneX reserves the right to deny a retry in cases of reckless, abusive, or non-systematic trading behavior.

The free retry will create a new challenge account with the same account size and rules. All trading history, profit, loss, and statistics from the previous challenge will be cleared.

Each challenge purchase is eligible for one free retry only.

The free retry applies only to the same challenge type and account size as the original purchase and is non-transferable.

The free retry is not available for challenge purchases where any promotional discount, coupon code, or other promotional offer was applied at the time of purchase.

Minimum Profitable Trading Days

Before a withdrawal can be requested, profits must be generated across a minimum of 1 profitable trading day.

A profitable trading day is defined as a trading day in which the account closes the day with a net positive profit.

This rule does not change the profit target or any other challenge rules, but ensures that profits are generated consistently across multiple trading days rather than from a single large market move.

Official documents control

These Challenge Terms & Conditions, together with the Challenge Rules, the Terms of Use, the Refund Policy and any other official ZoneX agreement or policy, constitute the binding terms governing your participation in a ZoneX challenge.

Frequently Asked Questions (FAQs), glossary entries, blog articles, marketing materials, emails and the AI Support Chat are provided for convenience and general guidance only and are not contractually binding.

In the event of any conflict, inconsistency, omission or ambiguity between such informational content and these Challenge Terms & Conditions or the Challenge Rules, these Challenge Terms & Conditions and the Challenge Rules shall prevail and supersede the FAQs and all other informational content.