Legal

Terms of Use

Last updated: 29 May 2025

Important: Please read these terms carefully. By accessing or using IndieFunded, you agree to be bound by these Terms of Use.

1. Nature of Service

IndieFunded operates an educational simulated trading evaluation programme. The platform provides a virtual trading environment that mirrors real NSE market conditions using live data feeds, for the purpose of assessing a participant's trading skill and discipline.

All trading activity on IndieFunded occurs in a fully simulated environment. No real money is placed in the financial markets on behalf of participants. Reward payouts are funded from programme participation fees and company revenue — not from actual market trading profits.

IndieFunded is not a broker-dealer, investment advisor, portfolio manager, or regulated financial entity. Nothing on this platform constitutes financial advice or a solicitation to invest.

2. Eligibility

To participate you must: (a) be at least 18 years of age; (b) be a resident of India with valid PAN and Aadhaar; (c) have a valid Indian bank account; (d) not be an employee or affiliate of IndieFunded.

3. Account Registration & KYC

You must provide accurate, truthful information during registration. Sharing credentials with any third party is strictly prohibited and will result in immediate account termination without refund. KYC verification is mandatory before the first reward payout.

4. Programme Fees

Programme fees are listed on our Pricing page and are payable in full prior to account activation (exclusive of applicable taxes). Fees are non-refundable once the account has been activated and trading has commenced. Refund requests for unutilised accounts may be considered within 24 hours of purchase — contact support.

5. Trading Rules

Participants must adhere to all rules at all times: NIFTY 50 and BANKNIFTY Index Options only; options buying only; 5% daily loss limit; 8% max trailing drawdown; consistency rule (max 50% profit from any single day); all positions closed by 3:20 PM IST; 9:15 AM–3:20 PM IST trading hours only.

Automated trading systems, VPN usage, account sharing, and copy-trading are prohibited. Violation of any rule results in immediate account closure.

6. Reward Payouts

Funded account holders who meet eligibility criteria may request weekly reward payouts. Payouts are processed within 3–5 business days via NEFT/IMPS. The minimum payout is ₹1,000. IndieFunded reserves the right to withhold payouts where rule violations or fraudulent activity is suspected.

7. Account Scaling

After 3 consecutive profitable months, Instant Funded holders may be eligible for the scaling programme — account size increase and profit split enhancement — at IndieFunded's sole discretion.

8. Prohibited Conduct

Strictly prohibited: automated trading bots, account sharing, credential transfer, exploiting platform bugs, coordinating trades across multiple accounts, and any form of fraud or dishonest conduct.

9. Limitation of Liability

To the maximum extent permitted by Indian law, IndieFunded's total aggregate liability for any claim shall not exceed the programme fee paid by you in the 3 months preceding the claim.

10. Intellectual Property

All content, trademarks, and software are the exclusive property of IndieFunded. You are granted a limited, non-exclusive licence to use the platform for personal, non-commercial participation purposes only.

11. Governing Law & Jurisdiction

These Terms are governed by the laws of India. Disputes are subject to the exclusive jurisdiction of the courts of Mumbai, Maharashtra, India.

12. Contact