User Agreement

Last updated: March 12, 2026

1. Acceptance of Terms

By accessing or using the Velqorbay website (velqorbay.com) and the simulated trading evaluation services ("Services") provided by Velqorbay ("we," "our," or "us"), you ("User," "you," or "your") agree to be bound by this User Agreement ("Agreement"). If you do not agree to these terms, you must not use our Site or Services.

We reserve the right to modify this Agreement at any time. Changes will be effective immediately upon posting to this page. Your continued use of the Services after any modifications constitutes acceptance of the revised terms.

2. Eligibility

To use our Services, you must:

  • Be at least 18 years of age or the age of legal majority in your jurisdiction.
  • Have the legal capacity to enter into a binding agreement.
  • Not be a resident of any jurisdiction where the use of our Services would be prohibited by applicable law.
  • Provide accurate, current, and complete information during registration and maintain the accuracy of such information.

3. Nature of Services

Velqorbay provides a simulated trading evaluation platform. It is essential that you understand the following:

  • Simulated Environment: All trading activities on our platform are conducted in a simulated (demo) environment using fictitious funds. No real financial instruments are traded.
  • Not a Broker: Velqorbay is not a broker, dealer, financial advisor, or investment company. We do not accept deposits for trading purposes, manage investment portfolios, or provide investment advice.
  • Educational Purpose: Our Services are intended for educational and skill-evaluation purposes. The simulated trades do not involve the exchange of real securities, currencies, or other financial instruments.
  • Performance-Based Rewards: Rewards paid to users are performance-based compensation for demonstrated trading skill in our simulated environment. They are not investment returns, dividends, or profits from actual trading.

4. Account Registration and Security

When creating an account, you agree to:

  • Provide truthful and accurate personal information.
  • Maintain the confidentiality of your account credentials.
  • Immediately notify us of any unauthorized use of your account.
  • Accept responsibility for all activities that occur under your account.

We reserve the right to suspend or terminate accounts that we reasonably believe are being used fraudulently or in violation of this Agreement.

5. Challenge Rules and Trading Objectives

Participation in the Velqorbay trading challenge is subject to the following rules:

  • Profit Target: You must achieve the specified profit target (typically 10%) during the evaluation phase.
  • Maximum Daily Loss: Your simulated account equity must not decline by more than the specified daily loss limit (typically 5% of starting balance) on any single trading day.
  • Maximum Total Loss: Your simulated account equity must not decline by more than the specified total loss limit (typically 10% of starting balance) at any time.
  • Prohibited Strategies: The following are prohibited: exploitation of platform latency or data feeds, hedging across multiple accounts, use of third-party trade copying from other users' accounts without authorization, and any strategy designed to manipulate the evaluation system rather than demonstrate genuine trading skill.

Velqorbay reserves the right to modify challenge rules at any time. Changes will be communicated to users and will apply to new challenges started after the effective date.

6. Fees and Payments

  • Participation in the trading challenge requires payment of a one-time, non-recurring fee based on the selected account size.
  • Fees are non-refundable unless otherwise specified in a separate refund policy or required by applicable law.
  • Upon successful completion of the challenge and verification phase, the initial fee may be reimbursed as part of the first reward payout, subject to applicable terms.
  • All payments are processed through secure third-party payment providers. Velqorbay does not store payment card information on its servers.

7. Rewards and Payouts

  • Traders who successfully pass the challenge and verification phases are eligible for performance-based rewards.
  • The profit split is up to 90% in favor of the trader, based on simulated trading performance.
  • Reward payouts are subject to verification of trading activity, compliance with challenge rules, and identity verification.
  • Velqorbay reserves the right to withhold or delay payouts pending investigation of any suspected rule violations or fraudulent activity.
  • Payout processing times and available methods are specified in the trader dashboard.

8. Prohibited Conduct

You agree not to:

  • Use the Services for any illegal, fraudulent, or unauthorized purpose.
  • Attempt to gain unauthorized access to our systems, other user accounts, or any data not intended for you.
  • Use automated tools, bots, or scripts to interact with the Services unless explicitly authorized.
  • Share, transfer, or sell your account to any third party.
  • Engage in any activity that disrupts, damages, or interferes with the Services or the experience of other users.
  • Provide false or misleading information during registration, identity verification, or payout requests.
  • Circumvent or attempt to circumvent any security measures, access controls, or usage limits.

9. Intellectual Property

All content, trademarks, logos, designs, software, and other intellectual property displayed on or related to the Site and Services are the property of Velqorbay or its licensors. You may not reproduce, distribute, modify, or create derivative works from any content without our prior written consent.

10. Disclaimer of Warranties

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

We do not warrant that the Services will be uninterrupted, error-free, or secure. Simulated trading results are not indicative of actual trading performance or future results in live markets.

11. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, VELQORBAY AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SERVICES.

Our total liability for any claim arising out of or relating to this Agreement or the Services shall not exceed the total amount of fees you have paid to Velqorbay in the twelve (12) months preceding the claim.

12. Indemnification

You agree to indemnify, defend, and hold harmless Velqorbay and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, or expenses (including reasonable attorneys' fees) arising from your use of the Services, violation of this Agreement, or infringement of any third-party rights.

13. Termination

We may suspend or terminate your access to the Services at any time, with or without cause, and with or without notice. Upon termination, your right to use the Services ceases immediately. Provisions of this Agreement that by their nature should survive termination shall remain in effect.

You may also terminate your account at any time by contacting us at support@velqorbay.com.

14. Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with applicable laws, without regard to conflict of law principles. Any dispute arising out of or relating to this Agreement or the Services shall first be attempted to be resolved through good-faith negotiation. If negotiation fails, disputes shall be submitted to binding arbitration in accordance with applicable arbitration rules.

15. Severability

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. The invalid or unenforceable provision shall be modified to the minimum extent necessary to make it valid and enforceable.

16. Entire Agreement

This Agreement, together with our Privacy Policy and any other policies referenced herein, constitutes the entire agreement between you and Velqorbay regarding the use of the Services and supersedes all prior agreements, understandings, and representations.

17. Contact Information

If you have any questions about this User Agreement, please contact us at:

Velqorbay
Email: support@velqorbay.com
Website: velqorbay.com