Trading carries real risk.

Leveraged trading is one of the highest-risk forms of investment available to retail traders. The combination of leverage, volatility, and the speed at which positions can move means that you can lose substantially more than your initial deposit in a very short period.

According to industry research, a significant majority of retail trader accounts lose money. This is not because retail traders are unskilled — it is a structural feature of leveraged trading combined with the asymmetry between the small amount of capital required to open a position and the much larger exposure that position represents.

You should not trade with money you cannot afford to lose. If you would be unable to cover a total loss of your challenge fee, evaluation capital, funded account, and any associated opportunity cost, you should not trade at all.

NairaFunded makes no representation, warranty, or guarantee that you will make a profit trading on our evaluation or funded accounts. The historical performance of any trader, strategy, instrument, or account is not a reliable indicator of future results.

Statistics published on our marketing materials (including the headline figures on the home page, such as "₦152M+ paid out" and "2,500+ funded traders") refer to the aggregated performance of the entire trader population, not to any individual trader. Your individual results will depend on your skill, discipline, market conditions during your trading period, and the inherent randomness of price movements.

Any back-tested, hypothetical, or historical performance figures shown on the Platform, in our marketing, or in third-party reviews of NairaFunded are provided for illustrative purposes only. They do not represent actual trading and are not a guarantee of future results.

The conditions of any back-test (the instruments traded, the leverage used, the spread, the slippage, the financing rates, the period covered) may differ materially from the live trading environment. A strategy that performed well in a back-test may fail in live trading due to factors that were absent from the back-test, including (but not limited to) slippage, requotes, latency, and changes in market microstructure.

Leverage is a double-edged sword. It magnifies both your profits and your losses. A 1% adverse move in an instrument on which you have a 100:1 leveraged position results in a 100% loss of your margin.

NairaFunded evaluation and funded accounts are offered with leverage up to 1:100 on the major forex pairs. This means a ₦100,000 deposit controls ₦10,000,000 of notional exposure. While high leverage can produce significant gains on small price moves, it equally amplifies losses.

The margin call level on NairaFunded accounts is 50% of the starting balance. Once your account equity falls to that level, our system will automatically close all open positions. The maximum drawdown is enforced at 10% of the highest balance reached (the "trailing high-water mark"); breach of this level results in immediate account termination.

Financial markets can be highly volatile, particularly during major news releases (NFP, CPI, FOMC, central-bank rate decisions) and during off-hours when liquidity is thin. Volatility can cause your positions to be stopped out at a level significantly worse than the stop level you set, due to gaps in the price feed.

Events that are not foreseeable at the time you open a position — including (but not limited to) flash crashes, exchange outages, regulatory interventions, geopolitical shocks, and natural disasters — can move prices against you in seconds. There is no protection against these events, and we are not liable for losses arising from them.

Some instruments are less liquid than others. Off-major-pair forex crosses, exotic commodities, small-cap CFDs, and many cryptocurrencies can experience wide bid-ask spreads and slippage during normal trading hours — and even more during stress events.

When liquidity is thin, you may not be able to open or close a position at the price you expected. Your stop-loss order, if any, may be executed at a significantly worse price than the stop level. Slippage is a normal feature of OTC markets and is not a defect of our platform.

Trading through the MetaTrader 5 platform involves the risk of technology failures, including (but not limited to) software bugs, hardware failures, network outages, server downtime, internet connectivity issues at your end, power failures, and cyber-attacks.

While we maintain 99.9% uptime on our infrastructure and work with industry-leading hosting providers, no platform can guarantee continuous availability. In the event of a platform outage, an order you attempted to place may not be executed, or may be executed at a worse price than expected. NairaFunded is not liable for losses arising from technology failures, but we will review each incident on a case-by-case basis and may issue goodwill credits in cases of confirmed platform-side fault.

Profits from trading on a NairaFunded funded account may be taxable in your jurisdiction. The tax treatment depends on your country of residence, the legal form of your relationship with us (independent contractor), and the specific tax laws that apply to you.

In Nigeria, payouts to traders are subject to applicable withholding tax and personal income tax obligations. We strongly recommend that you consult a qualified tax professional in your jurisdiction to understand your obligations. NairaFunded does not provide tax advice and is not responsible for any tax liability you may incur as a result of trading on the Platform.

Trading is psychologically demanding. The combination of fast decision-making, financial pressure, the dopamine response to wins, and the cortisol response to losses can lead to behavioural patterns that harm your trading, including (but not limited to):

Revenge trading (increasing position size after a loss in an attempt to recover the loss quickly).

Overconfidence after a winning streak (taking excessive risk in the belief that the streak will continue).

Fear of missing out (FOMO) — entering trades you would not otherwise take because the market is moving without you.

Analysis paralysis (over-researching, never pulling the trigger, missing opportunities).

If you have a history of mental-health conditions that may be exacerbated by financial stress (including but not limited to anxiety, depression, or compulsive behaviour), you should consult a qualified professional before trading. NairaFunded reserves the right to suspend any account where we have reasonable grounds to believe trading is causing harm to the trader.

Trading on a NairaFunded evaluation or funded account carries risks specific to the proprietary-trading business model that are not present when trading on your own brokerage account:

You do not own the capital you are trading. The funded account is the property of NairaFunded, and your right to trade it and to receive a share of the profits is governed by the Terms of Service. We may terminate the agreement with notice (or immediately for breach), at which point your right to trade ceases.

The evaluation and funded environments are simulated. While prices are sourced from real liquidity providers, the order flow is not exposed to the interbank market. There is a small risk of pricing discrepancies between the simulated environment and the underlying market. In normal market conditions these discrepancies are immaterial; in stress conditions they may be material.

The profit split is asymmetric. While the upside (70% of net profit) is yours, the risk of a drawdown is yours alone. NairaFunded's downside is limited to the cost of providing the platform; the trader's downside includes the opportunity cost of time spent, the cost of the challenge fee (if not refunded through the first payout), and any psychological cost.

Before purchasing a challenge, you should ask yourself honestly:

Am I at least 18 years old and legally able to enter into a binding contract?

Is trading leveraged financial instruments legal in my country of jurisdiction?

Can I afford to lose the entire challenge fee, plus the time I will spend on the evaluation, without it affecting my standard of living?

Do I have a verified track record of profitable trading over at least 6 months, or am I willing to start with a smaller challenge to build that track record?

Do I have a stable internet connection, a reliable device, and a quiet environment in which to trade?

Am I emotionally equipped to handle a losing streak, a drawdown, or an account breach?

If you answered "no" to any of these questions, you should not trade with NairaFunded. We reserve the right to refuse to provide services to any trader who does not, in our judgement, meet our suitability criteria.

By purchasing a challenge or operating a funded account with NairaFunded, you confirm that:

You have read, understood, and accepted this Risk Disclosure in full.

You acknowledge that trading leveraged financial instruments carries a high level of risk and that you may lose substantially more than the amount you have paid to NairaFunded.

You acknowledge that NairaFunded makes no guarantee of profit, and that any historical or hypothetical performance figures are not indicative of future results.

You acknowledge that you have considered your personal circumstances, including your financial situation, investment objectives, and risk tolerance, and have concluded that trading on NairaFunded is appropriate for you.

You release NairaFunded from any liability for losses arising from your trading activity, subject to the limitations set out in the Terms of Service.

If you have any questions about this Risk Disclosure, please contact us through any of the channels below. We will not provide trading advice, but we will explain the risks associated with our specific programs in plain language.