Terms And Conditions

These PROWIT FUNDED General Terms and Conditions (the “GTC”) govern rights and obligations in connection with the use of services provided by PROWIT FUNDED Evaluation (the “Services”), offered mainly through the www.prowitfunded.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 rights and obligations (“you”, “your” or the “Client”) in relation to the use of the Services provided by PROWIT FUNDED OU Assessment, with registered office at Ahtri 12 Tallinn 15551 Estonia. identification number: 2852368, registered in the Commercial Register 16972573, Republic of Estonia (“we”, “our”, or the “Supplier”).

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.

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

1.5. and such Customer is prohibited to use the Services, which also includes the use of the Client Section and/or PROWIT. The Services consist of the provision of educational 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, its only for educational and evaluation purposes.

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 OR FINANCIAL ADVISE, 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 Polity.

1.8 The meaning of the definitions, expressions, and abbreviations used in these GTC can be found in clause 18.

1.9 The trading simulation provided are for educational purposes only. It is not intended to serve as financial advice or a recommendation to engage in any specific trading activity. Participants in the trading simulation acknowledge and understand that the trades executed within the simulation are not real and do not involve actual financial transactions. Any gains or losses experienced within the simulation are purely hypothetical and should not be interpreted as indicative of future results in real trading environments. The Provider does not assume any responsibility or liability for the actions taken by participants based on the information or strategies learned through the simulation. Participants are solely responsible for their own trading decisions and outcomes.

The Provider does not provide financial services or investment advice. Any information or materials provided as part of the simulation are for educational purposes only and should not be construed as personalized financial advice. Participants should exercise caution and conduct their own research and analysis before making any trading decisions in real markets.

The Provider recommends consulting with a qualified financial advisor or professional before engaging in any trading activities. By participating in the trading simulation, participants agree to waive any claims or liability against the Provider, its instructors, employees, or affiliates, for any losses, damages, or other consequences resulting from their participation in the simulation or reliance on any information provided.

The Provider reserves the right to modify, suspend, or terminate the trading simulation at any time without prior notice. Participants acknowledge and agree that the Provider shall not be liable for any disruptions or interruptions to the simulation. This disclaimer of liability is subject to change without notice. Participants are encouraged to review this disclaimer periodically for any updates or revisions.

By accessing or participating in the trading simulation provided by the Provider, participants acknowledge that they have read, understood, and agreed to the terms outlined in this disclaimer of liability. For customers already engaged in the PROWIT Trader Program, any mention of “trading strategy” or ‘’trader program’’ or similar terms within the scope of the applicable agreement pertains solely to educational services provided.

It is essential to understand that all activities conducted within the PROWIT Trader Program are simulated and do not involve real money transactions. These educational materials and strategies are intended for informational purposes only and are not to be construed as financial advice or a recommendation to engage in actual trading activities with real funds.

Participants should exercise caution and perform their own research before making any trading decisions in real markets.

The Provider does not assume any responsibility or liability for actions taken by participants based on the information provided within the PROWIT Trader Program

2. 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 PROWIT and allow you to access them.

2.2 The Services include, among other things, PROWIT FUNDED Challenge, and Verification products; these products may differ in the scope of the Services provided.

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 PROWIT FUNDED 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 PROWIT FUNDED and the subsequent Verification are met, and possibly other configurations. More detailed information on individual options and fees for those options are provided on our Website here.

The final fee will be determined based on the option you select when completing the form for ordering the PROWIT FUNDED. 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 PROWIT FUNDED, or the Services provided under the PROWIT FUNDED. 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 PROWIT FUNDED or the Verification), fails to meet the conditions of the PROWIT FUNDED or the Verification, 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 PROWIT FUNDED that you select when making an order shall also apply to the subsequent Verification. You will start the subsequent Verification and, possibly, other products related thereto, with the parameters and the same currency that correspond to the option of the PROWIT FUNDED selected by you. Once you make a selection, it is not possible to change it. If you are ordering a new PROWIT FUNDED, 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 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 PROWIT FUNDED and, if the conditions of the PROWIT FUNDED are met, the Verification. 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 PROWIT), 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 PROWITs 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.

3. PAYMENT TERMS

3.1 The amounts of fees for the PROWIT FUNDED options are in dollars. The fee can also be paid in other currencies that are listed on the Website. If you select any other currency than the dollars, the amount of the fee for the selected option of the PROWIT FUNDED shall be converted by our rates and it will automatically display your payment total in your chosen currency, so you know how much you are paying before you confirm the order. The Customer acknowledges that if the payment is made in a currency other than the one the Customer has chosen on the Website, the amount will be converted according to the current exchange rates valid at the time of payment.

3.2 Service charges are inclusive of all taxes. If the Customer is an entrepreneur (trader), he is obliged to fulfil 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 PROWIT FUNDED 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 PROWIT FUNDED 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 4/15 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 PROWIT FUNDED is paid in full.

4. CLIENT SECTION AND PROWIT

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 PROWIT FUNDED and Verifications 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 PROWIT 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 PROWIT. The Provider bears no responsibility, and the Customer is not entitled to any compensation, for any misuse of the Client Section, PROWIT, 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 PROWIT and for damage or loss of any data or other content that Customer uploads, transfers or saves through the Client Section or PROWIT.

4.5 The Customer may at any time request the cancellation of the Client Section by sending an e-mail to info@prowitfunded.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 PROWIT.

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.

5. PROWIT EVALUATION AND VERIFICATION

5.1 After payment of the selected PROWIT EVALUATION option, the Customer will receive relevant login credentials for the PROWIT Platform at the email address provided during registration or in the Client Section. Upon opening the first demo trade in the PROWIT Platform to activate PROWIT FUNDED, the Customer explicitly requests the Provider to provide complete services. It is important to note that by initiating the first demo trade, the Customer, as a consumer, accelerates the completion of services before the expiration of the withdrawal period specified in Clause 12. Failure to activate the PROWIT EVALUATION within 30 calendar days from availability will result in access suspension.

Access renewal can be requested via the Client Section or by emailing info@prowitfunded.com within 6 months of initial suspension; otherwise, service provision will be terminated without refund eligibility

5.2 In order for the Customer to meet the conditions of the PROWIT EVALUATION,, the Customer must fulfil all of the following parameters at the same time:

5.2.1 the Customer has opened at least one demo trade on at least four different calendar days;

5.2.2 in the course of none of the calendar days during the PROWIT 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 below: Royal Prowit ONE STEP Standard Prowit TWO STEP Rapid Prowit

in total 5% of the
in total 5% of the
in total 5% of the
initial capital
initial capital
initial capital

5.2.3 at no time during the PROWIT

EVALUATION 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 below: Royal Prowit ONE STEP Standard Prowit TWO STEP Rapid Prowit
in total 13% of the
in total 13% of the
in total 13% of the
initial capital
initial capital

initial capital 5.2.4 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 below: Royal Prowit ONE STEP Standard Prowit TWO STEP
Rapid Prowit
in total 8% of the
in total 5% of the
in total 12% of the
initial capital
initial capital

initial capital The above parameters are explained in more detail here on the Website.

5.3 If the Customer has met the conditions of the PROWIT EVALUATION 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 PROWIT EVALUATION as successful and will make the Verification 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 PROWIT EVALUATION if the Customer has not closed all trades.

5.4 The Customer activates the Verification by opening the first demo trade in the Trading Platform. If the Customer does not activate the Verification within 30 calendar days from the day on which the Customer received the new login data, the Customer’s access to the Verification will be suspended. The Customer may request the renewal of access via the Client Section or by sending an e-mail to info@prowitfunded.com within 6 months of the suspension, otherwise we will terminate the provision of the Services without any right to a refund.

5.5 In order for the Customer to meet the conditions of the Verification, the Customer must fulfil all of the following parameters at the same time:

5.5.1 during the Verification, the Customer has opened at least one demo trade on at least four different calendar days;

5.5.2 in the course of none of the calendar days during the Verification 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 below: Royal Prowit ONE STEP Standard Prowit TWO STEP Rapid Prowit
in total 5% of the
in total 5% of the
in total 5% of the
initial capital
initial capital
initial capital 5.5.3 at no time during the Verification 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 below: Royal Prowit ONE STEP Standard Prowit TWO STEP Rapid Prowit
in total 13% of the
in total 13% of the
in total 13% of the
initial capital
initial capital
initial capital 5.5.4 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 below: Royal Prowit ONE STEP Standard Prowit TWO STEP Rapid Prowit
in total 8% of the
in total 5% of the
in total 12% of the
initial capital
initial capital
initial capital The above parameters are explained in more detail here on the Website.

5.6 For the Customer to meet conditions of the Verification, the Customer shall comply with the following.

5.6.1 Customer has met the conditions of the Verification specified in clause 5.5.

5.6.2 Customer has not exceeded the maximum total amount of the capital allocation of USD 600,000, individually or in combination, per Customer or per each trading strategy, within the meaning of applicable PROWIT Trader Program agreement, if Customer is already participating in the PROWIT Trader Program. If the above conditions are met, the Provider will evaluate the Verification as successful and will recommend the Customer as a candidate for PROWIT Trader program. The Provider does not have to evaluate the Verification if the Customer has not closed all transactions.

5.7 If during the PROWIT EVALUATION the Customer does not comply with some of the conditions specified in clause 5.2.2. or 5.2.3., the PROWIT EVALUATION will be evaluated as unsuccessful, and the Customer will not be allowed access to the subsequent Verification. If during the Verification the Customer does not comply with any of the conditions specified in clause 5.5.2. or 5.5.3., the Verification will be evaluated as unsuccessful, and the Customer will not be recommended as a candidate for the PROWIT Trader program. In such cases, the Customer’s account and Services will be cancelled without refund of fees already paid.

5.8 Provider recommending Customer as a candidate for the PROWIT Trader Program in no way guarantees Customer’s acceptance into the PROWIT Trader Program. The Provider is not responsible for Customer being rejected by the PROWIT Trader Program for any or no reason.

6. PROWIT TRADER

6.1 If the Customer is successful in both the Challenge and Verification, the Customer may be offered a contract by a third-party company, in its sole discretion to participate in the PROWIT 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. PROWIT FUNDED is in no way involved with the PROWIT 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.

7. USE OF THE WEBSITE, SERVICES AND OTHER CONTENT

7.1 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.

7.2 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.

7.3 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.

7.4 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.

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

7.5.1. 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;

7.5.2. to circumvent geographical restrictions of availability or any other technical restrictions; 7.5.3. to make copies or back-ups of the Website and other Content; 7.5.4. to reverse-engineer, decompile, disassemble or otherwise modify the Website and other Content;

7.5.5. to sell, rent, lend, license, distribute, reproduce, spread, stream, broadcast or use the Services or other Content otherwise than as permitted;

7.5.6. to use automated means to view, display or collect information available through the Website or Services; and

7.5.7. to use any other tools or means the use of which could cause any damage to the Provider.

8. DISCLAIMER

8.1 All content published and distributed by Prowit Funded and its affiliates (collectively, the “Company”) should be treated as general information only. None of the information provided by the Company or contained herein is intended to constitute investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, approval or sponsorship of any security, company or fund. Use of the information contained on the Company’s websites is at the user’s and the Company’s own risk and no liability is assumed for any use or misuse of such information. Nothing contained herein constitutes a solicitation or offer to buy or sell any futures, options or foreign exchange contracts. Past performance and examples are not necessarily indicative of future results.

9. COMMUNICATION

9.1 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.

9.2 Our contact e-mail address is info@prowitfunded.com or support@prowitfunded.com and our contact address is Estonia, Republic of Estonia.

10. DURATION AND TERMINATION OF THE CONTRACT

10.1 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 PROWIT Challenge or Verification does not open at least one demo trade during a period of 30 consecutive days.

10.2 Notwithstanding clause 10.1 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.

10.3 Either Party may terminate this contract without cause by serving a written notice at least 7 days in advance in accordance with Clause 9 on the other Party.

11. FINAL PROVISIONS

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

11.2 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.

11.3 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.

11.4 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.

11.5 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.

12. DEFINITIONS, EXPRESSIONS AND ABBREVIATIONS USED

12.1 For the purposes of the GTC, the following definitions shall have the following meanings. 12.1.1 Client Section” means the user interface located on the Website.

12.1.2 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 7.1)

12.1.3 Customer” means the user of the Services (as set out in clause 1.1)

12.1.4 PROWIT Challenge and Verification account” means trading accounts related to trading education courses provided as part of the Services by the Provider.

12.1.5 PROWIT Trader account” means a trading account, which relates to the PROWIT Trader program provided by a third-party provider.

12.1.6 GTC” means these General Terms and Conditions of PROWIT FUNDED

12.1.7 Provider” means the provider of certain Services (as set out in clause 1.1)

12.1.8 Schedules” means Schedule 1 and any other Schedules as applicable, which are part of these GTC.

12.1.9 Services” means the Provider’s services as set out in clauses 1.1 and 1.5.

12.1.10 PROWIT” means an electronic interface provided by a third party in which the Customer performs the demo trading.

12.1.11 Website” means the website www.prowitfunded.com

12.2 For the purposes of the GTC and their schedules, the following expressions and abbreviations shall have the following meanings.

12.2.1 calendar day” means the period from midnight to midnight of the time currently valid in the Republic of Estonia (Central European (Summer) Time, CE(S)T)

12.2.2 initial capital” means a fictitious amount that the Customer has chosen when selecting the option of the PROWIT FUNDED and which the Customer will use to perform demo trading.

These GTC shall enter into force and effect on 27 February 2024