Terms and Conditions

1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

In these Terms and Conditions, unless the context otherwise requires, the following words and expressions shall have the meanings set forth below:

"Company", "We", "Us", "Our" refers to Velnix Edutech Private Limited, a company incorporated under the Companies Act, 2013, having its registered office at Narendra Nagar, Nagpur 440015, Maharashtra, India, and its affiliated entity FS Technologies LLC, registered in Montana, United States of America.

"Platform" refers to the website www.fundedstock.io, the mobile application (if any), trading terminal, dashboard, and all associated software, tools, content, and services operated by the Company under the brand name "FundedStock".

"User", "You", "Your" refers to any individual or entity who accesses, browses, registers on, or uses the Platform in any capacity.

"Evaluation Program" refers to any structured skill assessment program offered on the Platform, including but not limited to the 2-Step Evaluation, 1-Step Evaluation, Instant Access, and PassThenPay programs.

"Evaluation Account" refers to the virtual trading account provided to the User upon enrollment in an Evaluation Program for the purpose of skill assessment and performance evaluation.

"Evaluation Capital" refers to the virtual, notional capital allocated to an Evaluation Account. Evaluation Capital is not real money, does not represent actual securities or trading positions, and is used solely for the purpose of skill assessment within the virtual environment.

"Performance Account" refers to the virtual account activated upon successful completion of an Evaluation Program, through which the User may become eligible for Performance Rewards.

"Performance Rewards" refers to the discretionary monetary payments made by the Company to eligible Certified Performers based on their virtual trading performance within the Platform. Performance Rewards are paid as professional fees and do not constitute investment returns, trading profits, dividends, or any form of guaranteed income.

"Certified Performer" refers to a User who has successfully completed an Evaluation Program and has been certified by the Company as eligible to receive Performance Rewards, subject to ongoing compliance with these Terms.

"Evaluation Fee" refers to the one-time, non-refundable (subject to the Refund Policy) fee paid by the User to enroll in an Evaluation Program.

"Activation Fee" refers to the fee payable by the User upon successful completion of an Evaluation Program (applicable to the PassThenPay model) to activate the Performance Account.

"Virtual Environment" refers to the simulated trading environment provided by the Platform in which all trading activity takes place. No real trades are executed on any stock exchange, and no real capital is deployed.

"Trading Terminal" refers to the web-based or application-based trading interface provided by the Platform for placing virtual trades within the Evaluation Account or Performance Account.

"Reward Share" or "Reward Percentage" refers to the percentage of virtual performance that the User is eligible to receive as Performance Rewards, as specified in the applicable Evaluation Program.

"Drawdown" refers to the maximum permissible decline in the Evaluation Account or Performance Account balance from its peak or starting value, as defined in the applicable Evaluation Program rules.

"Daily Loss Limit" refers to the maximum permissible loss that may be incurred on any single trading day, as defined in the applicable Evaluation Program rules.

"FundedStock Academy" refers to the educational content, courses, tools, and resources provided by the Company on the Platform at no additional cost.

1.2 Interpretation

Words importing the singular shall include the plural and vice versa. Headings are for convenience only and shall not affect interpretation. References to statutes include any amendments, re-enactments, or replacements thereof. The words "include" and "including" shall be construed without limitation.

2. ACCEPTANCE OF TERMS

2.1 By accessing, browsing, registering on, or using the Platform in any manner, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions, our Privacy Policy, Refund Policy, Risk Disclosure, Regulatory Disclaimer, and AML Policy (collectively, the "Agreement").

2.2 If you do not agree with any provision of this Agreement, you must immediately discontinue use of the Platform and refrain from registering for any Evaluation Program.

2.3 Your continued use of the Platform after any modification to these Terms constitutes acceptance of the modified Terms. It is your responsibility to review these Terms periodically.

2.4 By clicking "I Agree", "Start Evaluation", "Sign Up", or any similar button during registration or enrollment, you provide your express, informed consent to these Terms and enter into a legally binding agreement with the Company.

2.5 These Terms constitute an electronic record within the meaning of the Information Technology Act, 2000 and the rules thereunder, and do not require physical or digital signature.

3. NATURE OF SERVICES

3.1 FundedStock is an online education, skill assessment, and performance evaluation platform. The Company provides Users with access to a Virtual Environment in which they can demonstrate their trading skills, earn certification, and receive Performance Rewards based on their virtual performance.

3.2 All trading activity on the Platform takes place in a Virtual Environment. No real trades are executed on any recognized stock exchange, including but not limited to the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX), or any other domestic or international exchange.

3.3 The Company does not deploy real capital on behalf of Users. Evaluation Capital is entirely virtual and notional. It does not represent real money, real securities, or real trading positions at any point.

3.4 The Company is NOT a stockbroker, sub-broker, investment adviser, research analyst, portfolio manager, depository participant, merchant banker, or any other intermediary registered with or regulated by the Securities and Exchange Board of India (SEBI) or any other financial regulatory authority.

3.5 The Company does not provide investment advice, stock recommendations, portfolio management services, or any form of financial advisory services. All content on the Platform is for educational and informational purposes only.

3.6 The Company does not accept deposits for trading, does not hold client funds for investment purposes, and does not operate as a financial institution under the Reserve Bank of India Act, 1934 or the Banking Regulation Act, 1949.

3.7 Market data displayed on the Platform is sourced from authorized third-party data providers and is used solely within the Virtual Environment for educational and evaluation purposes.

3.8 The services provided by the Platform are in the nature of educational services, skill assessment, and technology platform services as classified under NIC Code 85499 (Other Education NEC) and NIC Code 62099 (Other IT Service Activities).

4. ELIGIBILITY

4.1 To use the Platform and enroll in any Evaluation Program, you must:

• (a) Be at least 18 years of age;
• (b) Be a citizen or legal resident of India or any other country where the use of the Platform is not prohibited by applicable law;
• (c) Have a valid PAN (Permanent Account Number) card if you are an Indian citizen or resident;
• (d) Have a valid bank account or UPI ID in your own name for receiving Performance Rewards;
• (e) Not be a person barred, blacklisted, or restricted by SEBI, RBI, or any other regulatory authority from participating in financial markets or related services;
• (f) Have the legal capacity to enter into a binding agreement.

4.2 By registering on the Platform, you represent and warrant that you meet all eligibility criteria and that all information provided is accurate, complete, and current.

4.3 The Company reserves the right to refuse registration, suspend, or terminate the account of any User who does not meet the eligibility criteria or provides false, misleading, or incomplete information.

4.4 Minors (persons under 18 years of age) are strictly prohibited from using the Platform. If the Company discovers that a minor has registered, the account will be terminated immediately and any pending rewards will be forfeited.

5. ACCOUNT REGISTRATION AND KYC

5.1 To access the Platform, you must create an account by providing your name, email address, phone number, and creating a password.

5.2 You are responsible for maintaining the confidentiality of your login credentials. Any activity conducted through your account shall be deemed to have been carried out by you.

5.3 You must not share your account credentials with any third party. Operating multiple accounts is strictly prohibited.

5.4 Before receiving any Performance Rewards, you must complete the Know Your Customer (KYC) verification process, which requires submission of:

• (g) Government-issued photo identification (Aadhaar Card, PAN Card, Passport, or Voter ID);
• (h) PAN Card (mandatory for Indian residents for tax compliance);
• (i) Bank account details (account number, IFSC code, account holder name) or UPI ID;
• (j) Proof of address (Aadhaar, utility bill, bank statement, or passport);
• (k) Live selfie or video verification as may be required.

5.5 The Company reserves the right to request additional documents or information for verification purposes at any time.

5.6 KYC verification must be completed within 30 days of passing the Evaluation Program. Failure to complete KYC within this period may result in forfeiture of eligibility for Performance Rewards.

5.7 All KYC documents and personal information will be handled in accordance with our Privacy Policy and applicable data protection laws, including the Digital Personal Data Protection Act, 2023.

6. EVALUATION PROGRAMS

6.1 The Platform offers multiple Evaluation Programs designed to assess Users' trading skills, risk management discipline, and consistency. The available programs as of the date of these Terms include:

6.1.1 Two-Step Evaluation

A two-phase evaluation where the User must meet the profit target in Phase 1, followed by a reduced profit target in Phase 2, while complying with all risk rules throughout both phases.

6.1.2 One-Step Evaluation

A single-phase evaluation where the User must meet the profit target while complying with all risk rules.

6.1.3 Instant Access

A program where the User bypasses the evaluation phase and is immediately granted a Performance Account, subject to compliance with all applicable rules.

6.1.4 PassThenPay

A program where the User pays a reduced registration fee upfront, completes a single-phase evaluation, and pays the full Activation Fee only upon successful completion of the evaluation.

6.2 Each Evaluation Program has specific rules, profit targets, risk parameters, fees, and reward structures, which are published on the Platform and form part of these Terms.

6.3 The Company reserves the right to introduce new Evaluation Programs, modify existing programs, or discontinue any program at any time, with or without prior notice. Any changes will not affect ongoing evaluations that have already commenced.

6.4 Upon successful completion of an Evaluation Program, the User shall be designated as a Certified Performer and shall be eligible for a Performance Account, subject to KYC verification and continued compliance with these Terms.

6.5 Failure to meet the Evaluation Program requirements (including breaching drawdown limits or daily loss limits) will result in termination of the evaluation. The Evaluation Fee paid is non-refundable in such cases, subject to the Refund Policy.

7. EVALUATION RULES AND PARAMETERS

7.1 All Evaluation Programs are governed by specific rules and parameters. The following rules apply unless otherwise specified for a particular program:

7.1.1 Profit Targets

Users must achieve the specified profit target percentage on their Evaluation Capital to pass the evaluation. Profit targets vary by program (e.g., 6%, 8%, or 10%).

7.1.2 Daily Loss Limit

Users must not incur losses exceeding the specified daily loss limit (typically 4-5% of the starting balance) on any single trading day. Breaching this limit will result in immediate failure of the evaluation.

7.1.3 Maximum Drawdown

Users must not allow the account balance to decline below the specified maximum drawdown level (typically 8-10% from the starting balance) at any time. Breaching this limit will result in immediate failure of the evaluation.

7.1.4 Minimum Trading Days

Users must trade on a minimum number of distinct trading days (typically 5 days) before being eligible to pass the evaluation.

7.1.5 Overnight Position Restrictions

All positions must be squared off before market close (3:15 PM IST for equity/F&O segments). Overnight positions are not permitted unless explicitly allowed by a specific program.

7.1.6 News Trading Restrictions

Trading within 5 minutes before or after scheduled major market events or economic announcements is prohibited. The Company will send SMS and/or email notifications 30 minutes before such events. Trades placed in violation of this rule may be automatically voided.

7.1.7 Copy Trading and Algorithmic Trading

The use of copy trading services, mirror trading, signal copying, automated trading bots, Expert Advisors (EAs), or any form of algorithmic trading is strictly prohibited unless explicitly authorized in writing by the Company.

7.1.8 Maximum Capital per Trade

Users must not deploy more than the specified maximum percentage (typically 80%) of their Evaluation Capital on a single trade or position.

7.1.9 Permitted Instruments

Users may trade the instruments specified for their program, which may include equity stocks, index options, stock options, futures, and option selling on NSE and BSE. Instruments not listed as permitted are prohibited.

7.1.10 Consistency Rules

The Company may enforce consistency rules that require Users to demonstrate consistent performance over the evaluation period. The specific consistency rules, if applicable, will be published on the Platform for each program.

7.2 The Company reserves the right to modify evaluation rules and parameters at any time. Changes will not apply retroactively to evaluations that have already commenced.

7.3 Any violation of evaluation rules, whether detected during or after the evaluation period, may result in disqualification, account termination, and forfeiture of any pending rewards.

8. PERFORMANCE REWARDS

8.1 Performance Rewards are discretionary payments made by the Company to Certified Performers based on their virtual trading performance within the Performance Account.

8.2 Performance Rewards are NOT:

• (l) Investment returns or capital gains;
• (m) Trading profits from real market activity;
• (n) Dividends, interest, or any form of return on capital;
• (o) Guaranteed, promised, or assured income;
• (p) Wages, salary, or employment compensation.

8.3 Performance Rewards are paid as professional fees for demonstrated skill in performance evaluation. The relationship between the Company and the User is that of an independent contractor, not an employer-employee relationship.

8.4 The Company reserves the absolute right to:

• (q) Modify reward structures, percentages, and calculation methods at any time;
• (r) Withhold, delay, or deny rewards if any Terms are violated;
• (s) Cap, limit, or adjust rewards based on internal risk assessments;
• (t) Require additional verification before processing any reward;
• (u) Discontinue the reward program entirely with reasonable notice.

8.5 Past Performance Rewards paid to any User do not create any right, expectation, or precedent for future rewards. Each reward is independently assessed.

8.6 The Company shall not be liable for any losses, damages, or expenses incurred by the User arising from the delay, reduction, modification, or discontinuation of Performance Rewards.

9. REWARD CALCULATION AND DISTRIBUTION

9.1 Performance Rewards are calculated based on the virtual profit generated in the Performance Account during each reward cycle, multiplied by the applicable Reward Share percentage.

9.2 The Reward Share percentage varies by program:

• (v) 2-Step Evaluation: Up to 90% Reward Share;
• (w) 1-Step Evaluation: Up to 85% Reward Share;
• (x) Instant Access: Up to 80% Reward Share;
• (y) PassThenPay: 80% Reward Share.

9.3 The Reward Cycle is the period after which accumulated rewards may be requested for withdrawal. Reward Cycles vary by program (typically 7 or 14 days).

9.4 Rewards are distributed via UPI transfer or NEFT/RTGS bank transfer to the verified bank account or UPI ID of the User. The Company aims to process reward requests within 24 hours. Average processing time is under 5 hours.

9.5 The minimum reward withdrawal amount is Rs. 500 (Indian Rupees Five Hundred) or as specified on the Platform.

9.6 The Company may deduct applicable taxes (including TDS under Section 194J of the Income Tax Act, 1961) from Performance Rewards before distribution.

9.7 If the Performance Account is in violation of any evaluation rules at the time of a reward request, the request may be denied and the account may be subject to review or termination.

9.8 Rewards will only be transferred to bank accounts or UPI IDs that are verified through the KYC process and are in the name of the registered User. Third-party transfers are not permitted.

10. PAYMENT TERMS AND FEES

10.1 Evaluation Fees are one-time payments required to enroll in an Evaluation Program. The applicable fee is displayed on the Platform at the time of enrollment.

10.2 All fees are quoted in Indian Rupees (INR) and are inclusive of applicable Goods and Services Tax (GST), unless otherwise stated.

10.3 Payment may be made through the payment methods available on the Platform, which may include UPI, net banking, debit cards, credit cards, and other methods as supported by our payment gateway partners.

10.4 The Company does not store credit card or debit card information. All payment transactions are processed through PCI-DSS compliant third-party payment gateways.

10.5 Evaluation Fees are generally non-refundable once the evaluation has commenced, subject to the Refund Policy set forth in Section 11.

10.6 The Company reserves the right to modify fees at any time. Fee changes will not affect enrollments already completed at the previous fee.

10.7 Any promotional offers, discount codes, or special pricing are subject to specific terms and conditions as communicated at the time of the offer.

10.8 In the event of a failed payment or chargeback initiated by the User after availing services, the Company reserves the right to suspend the User's account and pursue recovery of the amount.

11. REFUND POLICY

11.1 Before Evaluation Commences: If the User has purchased an Evaluation Program but has not yet placed any trade or commenced the evaluation, the User may request a full refund minus a processing fee of Rs. 499 (Indian Rupees Four Hundred and Ninety-Nine). The request must be made within 48 hours of purchase.

11.2 Evaluation Commenced But Not Completed: If the User has commenced the evaluation (placed at least one trade) but has not completed it (neither passed nor failed), the User may request a refund of 50% of the Evaluation Fee. This is applicable only if no more than 3 trading days have been utilized.

11.3 Evaluation Completed: If the User has completed the evaluation (whether passed or failed), no refund shall be provided. The service is deemed to have been fully delivered upon completion of the evaluation.

11.4 Platform Technical Issues: If the User's evaluation performance was materially affected by a technical issue attributable to the Platform (e.g., server downtime, incorrect price feed, order execution failure), the User may request a full refund. Such requests must be made within 24 hours of the incident with supporting evidence (screenshots, timestamps, etc.).

11.5 Refund requests must be submitted via email to support@fundedstock.io with the registered email address, order ID, and reason for the request.

11.6 Approved refunds will be processed within 7-10 business days to the original payment method.

11.7 Add-on services, boost packages, retry fees, and Activation Fees (PassThenPay) are non-refundable once the associated service has been activated.

11.8 The Company's decision on refund requests shall be final and binding.

12. TAXES AND COMPLIANCE

12.1 Performance Rewards are classified as professional fees or fees for technical services. The Company shall deduct Tax Deducted at Source (TDS) at the applicable rate under Section 194J of the Income Tax Act, 1961, or any other applicable provision, before disbursing rewards.

12.2 The Company will provide TDS certificates (Form 16A) to Users for each financial year, as required by law.

12.3 Users are solely responsible for filing their income tax returns and declaring Performance Rewards as income in accordance with applicable tax laws.

12.4 Users are advised to consult a qualified tax advisor or chartered accountant regarding the tax treatment of Performance Rewards in their specific circumstances.

12.5 The Company shall comply with all applicable GST provisions. GST invoices will be issued for Evaluation Fees and other taxable services.

12.6 If the User is based outside India, the tax treatment of rewards shall be governed by the tax laws of the User's country of residence and any applicable Double Taxation Avoidance Agreement (DTAA). The Company shall withhold taxes as required by Indian law.

13. PROHIBITED ACTIVITIES

13.1 Users are strictly prohibited from engaging in the following activities:

• (z) Exploiting bugs, glitches, or vulnerabilities in the Platform for personal gain;
• (aa) Using automated trading systems, bots, scripts, Expert Advisors, or algorithmic trading tools without explicit written permission;
• (bb) Using copy trading, mirror trading, or signal-following services;
• (cc) Operating multiple accounts under the same or different identities;
• (dd) Using another person's identity or credentials to access the Platform;
• (ee) Sharing account credentials with any third party;
• (ff) Engaging in any form of hedging between multiple accounts on the Platform;
• (gg) Engaging in coordinated trading strategies with other Users to manipulate results;
• (hh) Placing trades designed to exploit latency, data feed delays, or pricing errors rather than genuine market analysis;
• (ii) Engaging in wash trading or any form of artificial trade generation;
• (jj) Using VPN, proxy servers, or other tools to mask your location if doing so violates applicable regulations or Platform policies;
• (kk) Engaging in any activity that could be classified as market manipulation if conducted in a live market;
• (ll) Providing false, misleading, or fraudulent information during registration, KYC, or at any other time;
• (mm) Using the Platform for money laundering, terrorist financing, or any other illegal purpose;
• (nn) Reverse-engineering, decompiling, or attempting to extract the source code of any Platform software;
• (oo) Scraping, copying, or reproducing Platform data without authorization;
• (pp) Defaming, harassing, or threatening Company employees, representatives, or other Users;
• (qq) Any other activity that the Company, in its sole discretion, deems to be abusive, fraudulent, or harmful to the Platform or its Users.

13.2 The Company employs automated and manual monitoring systems to detect prohibited activities. Detection of any prohibited activity may result in immediate account suspension, termination, and forfeiture of all pending rewards.

13.3 The Company reserves the right to report suspected illegal activities to the appropriate law enforcement or regulatory authorities.

14. ACCOUNT SUSPENSION AND TERMINATION

14.1 The Company may suspend or terminate your account at any time if:

• (rr) You violate any provision of these Terms;
• (ss) You engage in any prohibited activity;
• (tt) You provide false or misleading information;
• (uu) You fail to complete KYC verification within the specified timeframe;
• (vv) Your account is flagged for suspicious activity;
• (ww) Directed to do so by a court order, regulatory authority, or law enforcement agency;
• (xx) The Company ceases to offer services in your jurisdiction.

14.2 In the event of termination due to violation of these Terms, all pending and unpaid Performance Rewards shall be forfeited. The Evaluation Fee shall not be refunded.

14.3 In the event of termination for reasons not attributable to the User (e.g., Company ceasing operations), the Company shall make reasonable efforts to process any pending rewards before termination.

14.4 You may request voluntary termination of your account by emailing support@fundedstock.io. Voluntary termination does not entitle you to a refund of Evaluation Fees unless eligible under the Refund Policy.

14.5 Upon termination, your access to the Platform, Evaluation Account, Performance Account, and all associated data will be revoked. The Company shall retain your data as required by applicable law and our Privacy Policy.

15. INTELLECTUAL PROPERTY

15.1 All content, materials, software, designs, logos, trademarks, trade names, domain names, graphics, user interfaces, and other intellectual property displayed on or associated with the Platform are the exclusive property of the Company or its licensors.

15.2 You are granted a limited, non-exclusive, non-transferable, revocable license to access and use the Platform for your personal, non-commercial purposes in accordance with these Terms.

15.3 You must not reproduce, distribute, modify, create derivative works from, publicly display, publicly perform, transmit, broadcast, or exploit any Platform content without prior written consent from the Company.

15.4 The "FundedStock" name, logo, and brand are registered trademarks or trademarks of the Company. Unauthorized use of any trademark is strictly prohibited.

16. PRIVACY AND DATA PROTECTION

16.1 The Company collects, processes, and stores personal data in accordance with its Privacy Policy and applicable data protection laws, including the Digital Personal Data Protection Act, 2023 (DPDP Act) and the Information Technology Act, 2000.

16.2 By using the Platform, you consent to the collection, processing, and storage of your personal data as described in the Privacy Policy.

16.3 The Company implements industry-standard security measures to protect your data, including encryption, secure servers, and access controls.

16.4 Your rights under the DPDP Act include the right to access, correct, and delete your personal data, and the right to withdraw consent. You may exercise these rights by contacting support@fundedstock.io.

17. DISCLAIMER OF WARRANTIES

17.1 The Platform and all services are provided on an "AS IS" and "AS AVAILABLE" basis without warranties of any kind, whether express, implied, or statutory.

17.2 The Company does not warrant that:

• (yy) The Platform will be uninterrupted, error-free, or secure;
• (zz) The results obtained from the Platform will be accurate or reliable;
• (aaa) The quality of any services or content will meet your expectations;
• (bbb) Any errors in the Platform will be corrected;
• (ccc) Market data displayed will be accurate, complete, or timely.

17.3 The Company does not guarantee that any User will pass an Evaluation Program, earn Performance Rewards, or achieve any particular financial outcome.

17.4 The Company does not make any representations regarding the legality, suitability, or appropriateness of its services in any particular jurisdiction.

18. LIMITATION OF LIABILITY

18.1 To the maximum extent permitted by applicable law, the Company, its directors, officers, employees, affiliates, agents, and licensors shall not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, including but not limited to loss of profits, data, revenue, business opportunities, or goodwill.

18.2 The Company's total aggregate liability arising out of or related to these Terms or the use of the Platform shall not exceed the Evaluation Fee paid by the User for the specific Evaluation Program giving rise to the claim.

18.3 The Company shall not be liable for any loss, damage, or disruption caused by factors beyond its reasonable control, including but not limited to internet outages, server failures, third-party service disruptions, or regulatory actions.

18.4 The limitations of liability set forth in this section shall apply regardless of the legal theory under which the claim is brought, whether in contract, tort, negligence, strict liability, or otherwise.

19. INDEMNIFICATION

19.1 You agree to indemnify, defend, and hold harmless the Company, its directors, officers, employees, affiliates, agents, and licensors from and against all claims, demands, losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to:

• (ddd) Your use of the Platform;
• (eee) Your violation of any provision of these Terms;
• (fff) Your violation of any applicable law or regulation;
• (ggg) Any information provided by you that is false, misleading, or inaccurate;
• (hhh) Any claim by a third party arising from your use of the Platform.

20. DISPUTE RESOLUTION AND GOVERNING LAW

20.1 These Terms shall be governed by and construed in accordance with the laws of India, without regard to conflict of law principles.

20.2 Any dispute, controversy, or claim arising out of or relating to these Terms shall first be attempted to be resolved through good faith negotiation between the parties for a period of 30 days.

20.3 If the dispute is not resolved through negotiation, it shall be referred to and finally resolved by arbitration administered by a sole arbitrator appointed in accordance with the Arbitration and Conciliation Act, 1996. The seat of arbitration shall be Nagpur, Maharashtra, India. The language of arbitration shall be English.

20.4 The courts of Nagpur, Maharashtra, India shall have exclusive jurisdiction over any disputes not subject to arbitration or for interim relief.

20.5 Notwithstanding the above, the Company shall be entitled to seek injunctive or equitable relief in any court of competent jurisdiction to prevent irreparable harm.

20.6 Each party shall bear its own costs of arbitration, unless the arbitrator determines otherwise.

21. FORCE MAJEURE

21.1 The Company shall not be liable for any failure or delay in performing its obligations under these Terms if such failure or delay results from circumstances beyond its reasonable control, including but not limited to natural disasters, pandemics, wars, terrorism, riots, government actions, regulatory changes, sanctions, internet disruptions, power failures, strikes, or acts of God.

22. ANTI-MONEY LAUNDERING (AML) COMPLIANCE

22.1 The Company is committed to the prevention of money laundering and terrorist financing in compliance with the Prevention of Money Laundering Act, 2002 (PMLA), the rules and regulations framed thereunder, and the guidelines issued by the Financial Intelligence Unit - India (FIU-IND).

22.2 All Users must complete KYC verification before receiving any Performance Rewards.

22.3 The Company monitors reward transactions for unusual patterns, amounts, or frequencies that may indicate suspicious activity.

22.4 The Company reserves the right to delay, withhold, or deny reward payments pending completion of enhanced due diligence if a transaction is flagged as potentially suspicious.

22.5 The Company shall report suspicious transactions to FIU-IND as required by law. The Company is not permitted to inform the User that a suspicious transaction report has been filed.

22.6 The Company shall maintain records of all transactions, KYC documents, and suspicious activity reports for a minimum period of 5 years from the date of the transaction, in compliance with PMLA requirements.

22.7 Users who are found to be involved in money laundering or terrorist financing activities shall have their accounts immediately terminated and all rewards forfeited. The matter shall be reported to the appropriate authorities.

23. REGULATORY DISCLAIMER

23.1 FundedStock (operated by Velnix Edutech Private Limited and FS Technologies LLC) is an online education and performance evaluation platform.

23.2 The Company is NOT registered with the Securities and Exchange Board of India (SEBI) as a stock broker, sub-broker, investment adviser, research analyst, portfolio manager, depository participant, merchant banker, or any other market intermediary.

23.3 The Company does not provide direct access to any stock exchange (NSE, BSE, MCX, or any other), execute real trades on behalf of Users, hold or manage or invest client funds, provide investment advice or recommendations, or act as an intermediary in any securities transaction.

23.4 "Evaluation Capital" is entirely virtual and is used solely for the purpose of skill assessment and performance evaluation. It does not represent real money, real securities, or real trading positions.

23.5 Performance Rewards are professional fees based on virtual performance and do not constitute investment returns, trading profits, or dividends arising from any securities transaction.

23.6 Market data displayed on the Platform is sourced through authorized third-party data providers and is used in a virtual environment for educational and evaluation purposes only.

23.7 Users are advised to consult with qualified financial and legal advisors before making any investment decisions. Participation in FundedStock evaluation programs does not qualify Users to act as financial advisors, brokers, or investment professionals.

24. RISK DISCLOSURE

24.1 Trading in financial instruments, including stocks, options, futures, and derivatives, carries a high level of risk and may not be suitable for all individuals.

24.2 All trading activity on the Platform takes place in a Virtual Environment. Virtual performance does not guarantee, predict, or indicate similar results in live market conditions.

24.3 There is no guarantee that any User will earn Performance Rewards, pass an evaluation, or achieve any particular financial outcome. Rewards are dependent on individual performance and strict compliance with all program rules.

24.4 As per SEBI study data, 9 out of 10 individual traders in the equity Futures and Options (F&O) segment incurred net losses. The average loss incurred was approximately Rs. 2 lakhs during FY2022.

24.5 Past performance of any User, the Platform, or any trading strategy (whether real or virtual) is not indicative of future results.

24.6 All information, educational content, courses, and tools provided on the Platform are for educational and informational purposes only. They do not constitute investment advice, financial advice, trading advice, or any other form of professional advice.

24.7 You should not make any real-world investment decision solely based on skills developed, information obtained, or performance achieved through the Platform. Always consult with a qualified financial advisor.

24.8 The Company shall not be responsible for any financial losses incurred by Users in live markets based on strategies developed or tested on the Platform.

25. REFERRAL PROGRAM

25.1 The Company offers a referral program allowing Users to earn commission by referring new Users to the Platform.

25.2 Referral commissions are calculated as a percentage (up to 15%) of the Evaluation Fee paid by the referred User.

25.3 Referral commissions are subject to the following conditions:

• (iii) The referred User must complete registration and purchase an Evaluation Program using the referrer's unique referral link or code;
• (jjj) Self-referrals are not permitted;
• (kkk) The referrer and referred User must be different individuals with different identities and payment methods;
• (lll) The Company reserves the right to withhold commissions if fraudulent or abusive referral activity is detected.

25.4 Referral commissions are paid as professional fees and are subject to applicable tax deductions.

25.5 The Company reserves the right to modify, suspend, or terminate the referral program at any time.

26. COMMUNICATION AND NOTIFICATIONS

26.1 By registering on the Platform, you consent to receive communications from the Company via email, SMS, WhatsApp, push notifications, and in-app notifications regarding your account, evaluations, rewards, and promotional offers.

26.2 You may opt out of promotional communications at any time by following the unsubscribe instructions provided in the communication or by contacting support@fundedstock.io.

26.3 Transactional communications (account activity, reward processing, security alerts, policy updates) cannot be opted out of and will be sent as necessary.

26.4 It is your responsibility to ensure that the email address and phone number registered on your account are current and accurate. The Company shall not be liable for any consequences arising from communications sent to outdated or incorrect contact information.

27. THIRD-PARTY SERVICES

27.1 The Platform may integrate with or provide links to third-party services, including payment gateways, data providers, analytics tools, and communication platforms.

27.2 The Company does not control, endorse, or assume responsibility for any third-party services, their content, privacy practices, or availability.

27.3 Your use of any third-party service is subject to the terms and conditions and privacy policy of the respective third party.

27.4 The Company shall not be liable for any loss, damage, or disruption caused by the use of or reliance on any third-party service.

28. MODIFICATIONS TO TERMS

28.1 The Company reserves the right to modify, amend, or update these Terms at any time, with or without prior notice.

28.2 Material changes to these Terms will be communicated to Users via email or platform notification. The updated Terms will be posted on the Platform with the revised effective date.

28.3 Your continued use of the Platform after any modification constitutes your acceptance of the modified Terms. If you do not agree with the modifications, you must discontinue use of the Platform.

28.4 It is your responsibility to review these Terms periodically. The "Last Updated" date at the top of these Terms indicates when the most recent changes were made.

29. SEVERABILITY

29.1 If any provision of these Terms is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

29.2 The invalid or unenforceable provision shall be modified to the minimum extent necessary to make it valid, legal, and enforceable while preserving its original intent.

30. ENTIRE AGREEMENT

30.1 These Terms, together with the Privacy Policy, Refund Policy, Risk Disclosure, Regulatory Disclaimer, AML Policy, and any specific Evaluation Program rules, constitute the entire agreement between you and the Company regarding your use of the Platform.

30.2 These Terms supersede all prior or contemporaneous agreements, representations, warranties, and understandings, whether written, oral, or implied.

30.3 No verbal assurance, representation, or commitment made by any Company representative shall be binding unless incorporated into these Terms in writing.

31. WAIVER

31.1 The failure of the Company to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

31.2 Any waiver of any provision of these Terms shall be effective only if in writing and signed by an authorized representative of the Company.

32. ASSIGNMENT

32.1 You may not assign, transfer, or delegate your rights or obligations under these Terms to any third party without the prior written consent of the Company.

32.2 The Company may assign its rights and obligations under these Terms to any affiliate, successor, or acquirer without your consent, provided that such assignment does not materially diminish your rights under these Terms.

33. CONTACT INFORMATION

For any questions, concerns, or requests related to these Terms and Conditions, please contact us:

By using FundedStock, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions in their entirety.

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