Terms & Conditions
1. Definitions
Challenge — a stage for evaluating a trader's skills in a virtual trading environment based on predefined rules and risk parameters.
Funded Account — a virtual trading account provided to a trader after successfully completing the Challenge, used exclusively in a simulation environment.
Reward — a bonus payout granted by ERA for compliance with the rules and discipline; it is not a share of profit from the real market.
Rules — the set of all trading parameters, risk limits, prohibited actions and instructions published on the official ERA website, subject to change without prior notice.
Virtual Balance — a digital value shown on the trading platform that does not represent real funds.
2. General terms
2.1. Participation in any ERA program means full and unconditional acceptance of these Terms.
2.2. The trader acknowledges that all accounts, including funded accounts, are virtual.
2.3. All payouts are treated solely as bonuses for compliance with the rules, and not as participation in real trading or profit distribution.
2.4. ERA reserves the right to change, suspend or terminate any program at any time without prior notice.
3. Eligibility requirements
3.1. The trader must be at least 18 years old and legally entitled to participate in such activity in their jurisdiction.
3.2. ERA does not provide services in countries or regions where such activity is prohibited by law.
3.3. The trader is fully responsible for complying with local laws.
4. Trader obligations
4.1. The trader must strictly comply with all risk parameters, including but not limited to:
- maximum daily loss;
- maximum drawdown;
- position size limits;
- permitted and prohibited trading strategies.
4.2. Any violation is grounds for immediate termination of participation without payment of a reward.
4.3. Ignorance of the rules does not exempt the trader from responsibility.
5. Prohibited activity
The following is strictly prohibited:
- using multiple accounts without ERA's written permission;
- coordinated trading with other traders;
- HFT trading, latency arbitrage or platform manipulation;
- copying trades or using trading signals without authorisation;
- any fraudulent, wrongful or illegal actions.
6. Financial terms
6.1. Challenge Fee — a one-time participation fee.
6.2. The fee is refundable only if the trader: successfully passed the Challenge; received a funded account; fully complied with the rules; and received the first payout. In this case the fee is refunded together with the first payout.
6.3. In all other cases the fee is non-refundable.
6.4. Fees: a commission of 1.2% to 5% is deducted from each payout.
6.5. Currency: all payments are made in US dollars (USD) unless otherwise stated. Conversion and bank fees are paid by the trader.
6.6. Taxes: the trader is solely responsible for all tax obligations.
7. Payout terms
7.1. Payouts are available only to traders who fully comply with the program rules.
7.2. ERA may delay, suspend or cancel payouts in case of violations, suspected fraud or legal restrictions.
7.3. All payouts are based on discipline and rule compliance, not on real market profit.
8. Limitation of liability
8.1. The Platform is provided on an "as is" and "as available" basis without any warranties.
8.2. ERA is not liable for: trading losses; technical failures or delays; misunderstanding or disregard of the rules.
8.3. Maximum liability is limited to the amount paid for the Challenge.
9. Legal provisions
9.1. These Terms constitute the entire agreement between ERA and the trader.
9.2. If any provision is found invalid, the remaining provisions stay in force.
9.3. ERA is registered and operates under the laws of the Republic of Cyprus and the relevant offshore jurisdiction.
9.4. These Terms are governed by the laws of England and Wales.
9.5. Any disputes are subject to final and exclusive resolution by arbitration under the Rules of the London Court of International Arbitration (LCIA).
10. Contact information
10.1. Official contact details are published only on the official ERA website.
10.2. All communications must be carried out only through official communication channels.