Remote Trader Program Agreement
This Remote Trader Program Agreement (the “Agreement”) is entered into by and between ECI
Ventures Pte. Ltd., trading as PipFarm (www.pipfarm.com), registered in Singapore with unique
entity number 202329954C (the “Company”) and the following individual or entity participating
in the Company’s Remote Trader Program (the “Trader”).
Trader Details
Effective Date 24/07/2025
Order Numbers "2519385,256675,253108"
Product 5K, Classic, Static, 2 Stage
Trader Name Dmytro LAZAREVYCH
Date of Birth 17/11/1993
Identification 2691293, Ukraine
number
Address avenue Lisovyi, build 12B, fl 19,Kyiv, 02166,Ukraine
Registered email lazarevichdmitriy666@gmail.com
Phone number +380637201160
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1. Introduction
1.1. This Agreement sets out the terms, conditions, and obligations the Trader must follow to
participate in the Remote Trader Agreement, be provided access to the Simulated
Account, and potentially earn financial Rewards for their activities.
1.2. By signing this Agreement, the Trader acknowledges and agrees to the following terms
and conditions, which are in addition to the General Terms and Conditions (“General
Terms”) agreed to when purchasing the Trading Challenge:
2. Non-Dispute and Waiver of Chargebacks
2.1. The Trader acknowledges that by successfully completing the Company’s Trading
Challenge, the Company has fulfilled its service as outlined. The Trader relinquishes any
rights to contest the completed service, including but not limited to claims regarding non-
receipt, defective product or not as expected.
2.2. The Trader agrees not to initiate or pursue any chargebacks, refunds, or disputes with
respect to the fees paid for the trading challenge or subsequent services provided by the
Company. Any violation of this provision will constitute a material breach of this
Agreement.
3. Prohibited Trading Practices
3.1. In addition to the Prohibited Trading Practices defined in the General Terms, the
Company prohibits the following practices:
3.1.1. Gap Trading, which is considered opening positions to benefit from potential price gaps
when (i) major global news, significant macroeconomic events, or scheduled economic
data reports and announcements that could significantly affect the financial market, or (ii)
within two hours before or after a relevant financial market is scheduled to close for 30
minutes or longer, or (iii) holding positions over weekends. Profits earned from any gaps
larger than 0.2% will be deducted from the position. More than three offences of Gap
Trading will be considered a material breach.
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3.1.2. Account Rolling, which is considered unsustainable and unprofitable trading, where
over three Simulated Accounts have been breached, and the Net Loss exceeds 20% of
your average Simulated Account balance. Net Loss is defined as:
Net Loss=( Simulated Profits−Payouts )+Challenge Fees−Realised Max Loss
The above calculation uses the total cumulative values from all Simulated Accounts for
the previous 365 days.
3.1.3. Cross-Account Risk Manipulation in Simulated Accounts, which is considered
opening positions of the same instrument at various price levels across different
Simulated Accounts to exploit differences in account rules, limits or conditions to offset
or neutralise the personal risk in another account, thereby circumventing the intended
risk controls or consistency rules of the Remote Trader Program. For example:
A trader manages two Simulated Accounts: Account A and Account B. In Account A, a
trader opens a buy position for 10 units of XAU/USD at 2,500; the price falls to $2,480,
and the unrealised loss becomes $200. Then, a trader opens a new buy position for 10
lots of XAU/USD in Account B at $2,480 and closes both positions in both accounts at
$2,495. In consequence, Account B has a $150 profit, and Account A has a $50 loss.
3.1.4. Hedging Techniques to Manipulate Program Rules, is when a Trader strategically
hedges positions by opening offsetting positions to manipulate program rules, such as
Max Trailing Loss, Max Daily Loss, Consistency Score, Profitable Trading Day and
Trading Day rules. Hedging is allowed purely for taking multiple trading opportunities on
the same trading pair but should not be used to exploit the aforementioned program
rules.
3.1.5. Manipulating Profitable Day and Consistency Rule requirements, can be easily
achieved by partially closing and reopening the same position when a new trading day
begins. This is considered manipulating the requirement.
3.1.6. Any profits identified as resulting from these activities may be considered invalid and
subject to forfeiture.
4. Company’s Right to Apply Risk Management Measures
4.1. The Trader understands that risk is dynamic and continuously evolving. Therefore, the
Company reserves the right to modify, adjust, or amend the trading conditions of the
Funded Trader Program at its sole discretion. This includes, but is not limited to:
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4.1.1. Temporarily disable or discontinue trading instruments;
4.1.2. Apply changes to margin requirements (leverage);
4.1.3. Decrease position size or close positions;
4.1.4. Adjust exposure limits to Simulated Accounts or trading instruments.
4.2. The Company will endeavour to provide reasonable notice of such changes, but the
Trader acknowledges and agrees that immediate adjustments may be necessary. The
Trader understands that all changes will be reflected in the Platform or Dashboard. The
Trader is responsible for regularly reviewing the Platform or Dashboard to stay informed
of any updates to contract specifications prior to entering positions. Failure to review or
understand these changes does not absolve the Trader of responsibility or liability for
their trading decisions.
4.3. The Company may implement risk management requirements or restrictions on trading
activity. These may include, but are not limited to:
4.3.1. Impose mandatory use of stop-loss or take-profit orders;
4.3.2. Restrict certain trading strategies or instruments;
4.3.3. Limit trading activities across multiple Simulated Accounts held by the Trader;
4.3.4. Set maximum risk or exposure limits;
4.4. The Trader agrees to comply with all updated trading rules and risk management
requirements as communicated by the Company.
5. Company’s Right to Modify Program Terms
5.1. Many Remote Trader Program features are dynamically adjusted based on performance
in the Experience Program. Therefore, the Company reserves the right to modify, adjust,
or amend the Funded Trader Program at its sole discretion. This includes, but is not
limited to:
5.1.1. Change the Daily Drawdown Rule, Trailing Max Drawdown Rule, Static Max Drawdown
Rule;
5.1.2. Change the Performance Fee;
5.1.3. Change the Initial Balance;
5.1.4. Change minimum Reward payout amount;
5.1.5. Change the Reward Interval;
5.1.6. Change the Scaling Increment;
5.1.7. Require a Profit Buffer;
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5.1.8. Change the Profit Buffer.
6. Trader Responsibilities
6.1. The Trader shall not share access to their Simulated Account or Dashboard with any
third party, either accidentally or intentionally.
6.2. Any data provided by the Trader to the Company must be complete, accurate, and up-
to-date. The Trader shall not provide incorrect or misleading information. In the event of
any changes to the Trader’s data, the Trader must promptly notify the Company from
their registered email address, accompanied by supporting documentation if applicable.
6.3. The Trader must inform the Company immediately if they no longer comply with any
requirement of the Agreement or General Terms.
6.4. The Trader must ensure they are running the most recent version of the Platform.
6.5. The Trader is responsible for their own expenses, income tax obligations and social
contributions.
6.6. If the Trader identifies any errors, bugs, or deficiencies in the Services or related
content, they shall notify the Company in writing without undue delay. The Trader shall
not attempt to exploit any errors, bugs, or deficiencies for their gain.
7. Reward Payouts
7.1. Traders may request up to eight Reward payouts per calendar month, starting from
midnight GMT on the first day of each month. Cancelled requests count towards the
monthly limit.
7.2. A Reward payout can only be requested if the Trader has achieved the minimum payout
requirement and the Trading Days, Profitable Trading Days, or Consistency Score
requirements have been met for their Simulated Account. Once a payout is requested,
the Trading Days, Profitable Trading Days, or Consistency Score counter will reset.
7.3. Payouts are only considered due if approved by the Company. If requirements are not
met, payout requests may be rejected, and the balance will be returned to the Simulated
Account.
7.4. The Company may take up to seven Business Days to approve Payouts.
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7.5. Unless agreed otherwise, payouts exceeding $10,000 will be processed within 5
business days of approval, payouts exceeding $25,000 will be processed within 10
business days of approval, and payouts exceeding $50,000 will be processed in 20
business days.
7.6. The Company’s primary payout method is Riseworks. Alternative payout methods may
be available from time to time without any guarantee of availability or processing times.
7.7. The Trader may be required to verify ownership of the payment account or wallet to
which the payout is being sent. Failure to comply with verification requirements may
delay or void the payout request.
7.8. If the Trader is overpaid, the overpayment must be returned to the Company within 72
business hours of notification.
7.9. You consent to the Company publishing your certificates of achievement for your
Payouts in public forums. You may remove your personally identifiable information from
these certificates by providing a nickname or digitally covering the details. The company
is not obligated to unpublish any certificates except for requests concerning personal
data protection concerns.
8. Monitoring and Due Diligence
8.1. The Company reserves the right to monitor the Trader's activities and conduct due
diligence to ensure continuous compliance with this Agreement and maintain the
integrity of the Remote Trader Program.
8.2. The Company may contact the Trader to request information, clarification, or explanation
regarding their trades or activities. The Trader must respond to such inquiries within 24
hours of receiving the request.
8.3. The Company may request trading statements or related documentation from previous
or current proprietary trading firms and brokers the Trader has used or is using.
8.4. The Company may request documentation or source code to review trading algorithms
or API connections used to trade the Simulated Account.
8.5. The Company may seek references or feedback from other proprietary trading firms or
similar entities to assess the Trader’s background, trading behaviour, and professional
conduct.
8.6. The Company may perform additional identity verification checks from time to time
throughout the duration of this agreement.
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8.7. Failure to comply with the Company’s due diligence requests or provide the necessary
information in a timely manner will be considered a material breach of this Agreement
and may result in termination of the Trader’s participation in the Remote Trader
Program.
9. Suspension
9.1. The Company reserves the right to temporarily suspend the Trader's access to the
Remote Trader Program and related Services if it deems it necessary to conduct further
inquiries or investigations. Such suspension may occur in situations where:
9.1.1. There are reasonable grounds to believe a breach of this Agreement has occurred;
9.1.2. Misuse of the Services is suspected, or
9.1.3. Additional verification or clarification is required to ensure compliance with the terms of
this Agreement.
9.2. The Company shall endeavour to conclude investigations within 15 business days and,
upon conclusion, will notify the Trader of the outcome and any further actions or
measures to be taken. During the suspension period, the Trader shall not engage in any
trading activities or access restricted Services.
9.3. The Company is not liable for any missed opportunities or earnings losses incurred by
the Trader during the suspension period.
10. Access to Online Communities
10.1. The Company provides access to online communities, including Discord, Telegram, and
other social media and chat platforms, to facilitate communication and interaction
between the Traders, the Company, and other prospective members.
10.2. Participation in this community is a privilege, not an entitlement. Traders must adhere to
the company's community guidelines, including maintaining respectful behaviour and
refraining from abusive, disruptive, or inappropriate conduct in public forums.
10.3. The Company reserves the right to revoke a Trader’s access to the online communities
at its sole discretion if the Trader fails to moderate their behaviour or violates community
guidelines. Such revocation does not affect the Trader’s ability to access customer
support through other channels provided by the Company.
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10.4. Participation in the public community is optional and does not form part of the core
Services provided under this Agreement. The Company is not obligated to provide or
maintain access to the public communities for any Trader.
11. Confidentiality
11.1. The Trader acknowledges that contracts and other private communications, such as
email correspondence or direct messages between the Trader and the Company and its
representatives, are strictly confidential and must not be disclosed to any third party
without the Company's prior written consent.
11.2. The aforementioned clause does not restrict the Trader from publicly expressing their
opinions or views, provided such expressions do not involve the disclosure of
confidential materials.
12. Right to Opt Out
12.1. If the Trader does not agree with any of the terms and conditions herein, you have the
right to opt out of this program.
12.2. If the Trader opts out, you will receive a refund for all active Trading Challenges. In
addition, as a goodwill gesture in recognition of the time spent passing the Challenges,
your three most recent challenge purchases will be refunded with an additional
compensation of 50% of the refunded amount.
12.3. The refund will be processed via the original payment method within 30 Business Days
of approval.
12.4. The compensation is only available to Traders who have never received a Reward
Payout from PipFarm.
12.5. By opting out, the Trader forfeits any claim to a Simulated Account or any associated
benefits. The decision is final and irrevocable, and you cannot participate in any future
Trading Challenges.
12.6. By exercising your right to opt-out, you agree to section 12 - Confidentiality.
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13. Limitation of Liability
13.1. The Company shall not be liable for any loss, damage, expense, or liability incurred by
the Trader arising from or in connection with:
13.1.1. Errors or failures in the operation of any electronic system or network infrastructure,
including the Platform;
13.1.2. Delays caused by or within the Platform;
13.1.3. Transactions made via the Platform;
13.1.4. Market data anomalies, such as gaps, spikes, slippage, and partial fills experienced from
data provided by a third-party regulated broker;
13.1.5. Acts, omissions, or negligence of any third party;
13.1.6. Unauthorised access to the Trader’s login credentials or account by third parties.
14. Right to Revoke
14.1. The Company reserves the right to revoke any offer made under this Agreement if it is
determined that the Trader has, prior to entering into this Agreement, disclosed
confidential information to any third party in violation of confidentiality obligations herein.
14.2. If the Agreement is revoked under this section, the Company shall not be liable to the
Trader for any losses, expenses, or expectations arising from the rescinded offer.
15. Termination and Remedies
15.1. The Company reserves the right to terminate the Trader’s participation in the Remote
Trader Program for breaching any clause in the following sections:
15.1.1. 2. Non-Dispute and Waiver of Chargebacks
15.1.2. 3. Undesirable Trading Practices
15.1.3. 6. Trader Responsibilities
15.1.4. 9. Monitoring and Due Diligence
15.1.5. 10. Confidentiality
15.2. Upon termination, the Trader forfeits pending Rewards or other benefits accrued through
the Remote Trader Program, except for those already disbursed.
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15.3. The Company retains the right to seek legal remedies for any damages arising from the
Trader’s breach of this Agreement.
16. Severability
16.1. If any provision of this Agreement is deemed invalid or unenforceable by a court of
competent jurisdiction, that provision shall be deemed severable, and the remaining
provisions shall continue to be valid and enforceable.
16.2. No waiver of any term or condition of this Agreement shall be deemed a further or
continuing waiver of such term or condition or any other term or condition, and any
failure by the Company to assert a right or provision under this Agreement shall not
constitute a waiver of such right or provision.
17. Precedence of Agreement
17.1. In the event of any conflict or inconsistency between this Agreement and the General
Terms agreed to when purchasing the trading challenge, the terms of this Agreement
shall take precedence.
18. Governing Law and Dispute Resolution
18.1. This Agreement shall be governed by and construed in accordance with the laws of
Singapore.
18.2. Any disputes arising under this Agreement shall be resolved through binding arbitration
in accordance with the rules of the Singapore Mediation Centre. Each party is
responsible for their own costs.
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19. Acknowledgement and Acceptance
19.1. By signing below, the Trader acknowledges that they have had the opportunity to seek
professional legal advice and has personally read, understood, and agreed to all terms
and conditions outlined in this Agreement.
For the Company The Trader
James Glyde
Director
