§ 1 — Purpose & Scope
This Risk Disclosure is provided by Funded Angels Limited (hereinafter "the Provider", "we", "us") to inform prospective and existing customers (the "Client") of the risks associated with using the trading simulation services and Challenges available through the website fundedangels.com.
This document forms an integral part of the agreement between you and Funded Angels and should be read together with our Terms & Conditions. By accessing our services, you confirm that you have read, understood and accepted the risks set out below.
Risk disclosures cannot, by their nature, exhaust every potential risk involved in trading-related activities. You should consider the risks below as a minimum and remain aware that other risks may exist.
§ 2 — Nature of Funded Angels Services
Funded Angels is a proprietary trading firm offering evaluation programs designed to identify and develop skilled traders. Participants engage in a 2-Phase Challenge, or receive Instant Funding, on a simulated trading platform loaded with virtual capital.
The information provided on the Website is for analysis purposes only and should not be construed as financial, investment, tax, or other advice. Nothing on the Website or within our services constitutes a solicitation, recommendation, endorsement, or offer to buy or sell shares or other financial instruments by Funded Angels, its agents, employees, contractors, or any affiliated entity.
Purchases of evaluation challenges should not be considered as deposits. All program fees are used for operational expenses, including but not limited to staff costs, innovation, and other business-related expenses.
§ 3 — General Trading Risks
Trading financial markets — even in a simulated environment that mirrors real conditions — exposes participants to several categories of risk. The Client acknowledges and accepts that:
- Trading is a complex activity requiring substantial knowledge, experience, discipline and risk management.
- The simulated trading environment replicates the volatility, slippage and unpredictability of real markets. Significant losses on the simulated account can occur quickly.
- Strategies that performed well in past simulations or backtests may produce different results under live or future conditions.
- No trading methodology can guarantee profits or eliminate losses.
- Trading should only be undertaken by individuals who can afford to commit time, focus and emotional resilience to the activity.
§ 4 — Leverage Risks
Funded Angels simulated accounts use a fixed leverage of 1:30, applied identically across the 2-Phase Challenge and Instant Funding programs. Leverage acts as a multiplier on both gains and losses.
- A small adverse move in the underlying market can cause a disproportionately large loss on the simulated account.
- Leveraged positions can breach daily loss limits or maximum drawdown thresholds within minutes.
- Exposure to overnight or weekend gaps may amplify losses beyond initial expectations — Funded Angels does not restrict holding positions overnight or over the weekend, so this risk applies to any client choosing to do so.
- Misuse of leverage is one of the leading causes of evaluation failure.
You are solely responsible for sizing your positions in accordance with prudent risk management practices.
§ 5 — Market Risks
Financial markets are subject to numerous external factors that can cause sudden and unpredictable price movements:
- Volatility: Rapid price changes during major economic releases, geopolitical events, or central bank decisions can trigger immediate stop-outs.
- Liquidity: Reduced liquidity (e.g., during off-hours, illiquid pairs, or news periods) can cause widened spreads, slippage, and execution delays.
- News & Events: Funded Angels does not restrict trading around scheduled news events on any program — the Client should be aware that this is precisely when volatility, slippage and execution risk are highest.
- Gaps: Markets may open at significantly different prices from the previous close, especially after weekends or holidays.
- Counterparty & Provider Failures: Liquidity providers, exchanges, or technical infrastructure may experience disruptions affecting price feeds and order execution.
§ 6 — Technical & Platform Risks
Funded Angels operates on TradingView, accessible directly in the browser. The Client acknowledges that:
- The platform may suffer outages, latency, slippage, disconnection, or data feed errors.
- Internet connectivity issues on the Client's side can prevent trade execution or modification.
- Software updates or bug-fixes may temporarily disrupt service.
- Use of expert advisors (EAs), bots, or automated strategies — all permitted under §18 of our Terms of Service — adds operational risks of its own (logic errors, server load, broken connections) that remain the Client's responsibility.
§ 7 — Evaluation-Specific Risks
Participating in a Funded Angels Challenge involves specific evaluation-related risks:
- Fee non-refundable: Once you place your first trade, the registration fee is non-refundable, unless you reach Funded status on the 2-Phase Challenge track, in which case the fee is refunded in full as described in our Terms of Service.
- 2-Phase Challenge — Daily Loss Limit: Reaching 5% daily loss, at any phase, results in immediate disqualification.
- 2-Phase Challenge — Overall Loss Limit: Falling below 10% overall drawdown, at any phase, results in immediate disqualification.
- 2-Phase Challenge — Minimum Trading Days: Failure to trade at least 4 days in Phase 1 or Phase 2 results in failure of that phase.
- Instant Funding — Loss Limits: 4% daily loss / 6% overall drawdown result in immediate disqualification.
- Consistency Rule: A 20% single-day profit concentration limit applies once an account reaches Funded status (2-Phase Challenge) or at all times (Instant Funding) — see §18 of our Terms of Service.
- Inactivity: Accounts with no trading activity for 20 consecutive calendar days may be deactivated.
- Profit retention: Profits generated during the evaluation phases of the 2-Phase Challenge are simulated and not paid out. Only Funded accounts (2-Phase Challenge Funded stage, or Instant Funding) qualify for real payouts, subject to the profit-split agreement (up to 90%).
§ 8 — Financial Risks for the Client
The Client should consider the following before purchasing any Funded Angels Challenge:
- The challenge fee is a sunk cost unless Funded status is reached on the 2-Phase Challenge track. You should never pay a fee using funds you cannot afford to lose.
- Past success in other prop firm evaluations or personal trading does not guarantee success in a Funded Angels Challenge.
- Trading is a discretionary activity influenced by emotional and cognitive biases. You should only participate if you are mentally and financially prepared.
- Funded Angels does not extend credit, loans, or financial support to clients under any circumstances.
- Profit payouts to funded traders are subject to compliance with all rules and KYC verification.
§ 9 — Regulatory & Jurisdictional Risks
Funded Angels operates as a proprietary trading firm and is not regulated as a broker, investment advisor, or financial intermediary. The Client acknowledges that:
- Services are not available in jurisdictions subject to economic and financial sanctions, including but not limited to: Iran, Sudan, Syria, North Korea, Cuba, Belarus, Venezuela, Yemen, Libya, Zimbabwe and others (see §13 of our Terms of Service for the full list).
- Funded Angels does not provide services to clients based in the United States, including American citizens and residents.
- The Client is solely responsible for ensuring that participation in the Challenge is legal in their country of residence.
- Tax obligations on any payouts received are solely the Client's responsibility.
- Changes in local or international regulations may affect the availability or terms of services without prior notice.
§ 10 — No Investment Advice
No information made available by Funded Angels — including educational content, blog articles, dashboards, leaderboards, support communications or marketing material — should be interpreted as guidance, instructions, or encouragement to conduct any specific transaction.
Employees, representatives, and partners of Funded Angels are not authorized to provide investment recommendations. If any statement made by an employee or representative is perceived as investment advice, Funded Angels expressly disclaims any liability in this regard. You should consult a qualified, licensed financial advisor before making any trading or investment decision.
§ 11 — Limitation of Liability
All information on the website is provided "as is," without any warranty of completeness, accuracy, timeliness, or results obtained from the use of this information, and without any kind of express or implied warranty.
Funded Angels, or its partners, employees, or agents, shall in no event be liable to you or any other person for any decision made or action taken based on the information provided on the website, or for any consequential, special, or similar damages, even if advised of the possibility of such damages.
All trading-related activities carry substantial risk, and trading decisions are the sole responsibility of the individual.
§ 12 — Client Acknowledgment
By purchasing a Funded Angels Challenge or otherwise using our services, you confirm that:
- You have read, understood, and accept this Risk Disclosure in full.
- You are participating at your own risk and discretion.
- You are of legal age in your jurisdiction and not subject to any sanctions or restrictions preventing you from accessing our services.
- You are committing only funds you can afford to lose as a non-refundable evaluation fee (except where the fee-refund benefit described in §7 applies).
- You will not hold Funded Angels or any affiliated entity liable for losses arising from your participation.
- You understand that no profit, payout, or funded account is guaranteed by simply enrolling in or paying for a Challenge.
If any provision of this Risk Disclosure is unclear, or if you have any doubt about your ability to bear the risks set out above, you should refrain from purchasing a Challenge and contact our support team at contact@fundedangels.com for clarification.