Terms of use micro trader

7. Refund Policy: The client has the right to cancel the ordered services within 14 days of purchasing the services
(NovaFunding Trading Evaluation) if the challenge account has remained un-traded and not used. The client is aware
and agrees that this does not apply after starting to use the services, meaning opening the first trade on the allocated
Evaluation account. More about refund and cancellation policy on NovaFunding General Terms and Conditions
(https://nova-funding.com/legal)
8. Term of The Agreement. 
8.1 Either party may terminate this Agreement at any time upon at least 5 business days’ prior written notice to the
other via email or telephone.
8.2 This Agreement shall terminate immediately under the following conditions I. upon the liquidation or bankruptcy of
the Company or the Contractor. II. The inability to participate in any form of work (trading) by the contractor due to
health or personal reasons. lll. A breach from the contractor. Breaches include but are not limited to: A failure to meet
challenge parameters. Use of prohibited trading strategies or malicious practices. 
9. NovaFunding Trader Program and Trader commissions (Phase 2).
If the Customer is successful in the Evaluation phase, the trader will be recommended to the NovaFunding Funded
Trader Program, the proprietary trading platform operated by Evaluator and may be offered a contract by this third-
party company. To get accepted to the NovaFunding Trader Program the trader must open an account with Evaluator,
provide required KYC documentation and sign an agreement with a company. If the trader will be accepted to the
program, the trader can start trading at the same initial capital account size as the trader was trading in the Trading
Evaluation. The trader can also start earning performance commissions according to the agreement signed with the
Proprietary Trading Company. All Traders are compensated on a profit split basis only. Trader performance
commission depends on the chosen program, risk level and phase. The trader may request withdrawal anytime when
his/her account balance on Evaluator is positive. Payments will be made by DEEL, Cryptocurrency, or any other
payment methods available with Evaluator. Alternative payment methods may be available, however the trader must
ensure that bank transfers related to FX are receivable by the institution and its regulators in the traders geographic
location. Evaluator will not be responsible for failure to deliver a payout due to adverse regulatory directives or
rejection in any country or region. Nor will payment be re-sent in the event of rejection of transfer by the receiving
foreign institution. The receiver may be charged by the payment system.