Terms and Conditions

Terms and Conditions

These Terms of Service (“Terms”) set forth the legal terms and conditions governing your access to and use of the Meridian Funded platform and services (“Services”), offered by BLUEWAVE DIGITAL EDUCATION – FZCO (“Company”, “we”, “us”, or “our”), operating under the brand Meridian Funded.

By accessing or using the Services, you acknowledge that you have read, understood, and agree to be fully bound by these Terms. If you do not agree, you must not use the Services.

All percentages referred to in these Terms are calculated on the initial account balance unless stated otherwise. All drawdown limits are monitored in real time on account equity, including floating profit and loss.

USER ELIGIBILITY

You must be at least 18 years old and legally capable of entering into a binding agreement.

The Company reserves the right to refuse access to any user at its sole discretion.

RESTRICTED JURISDICTIONS

The Services are not available to individuals or entities residing or located in the following jurisdictions: North Korea, Cuba, Syria, Yemen, Iran, Russia, Belarus, the Crimea, Donetsk and Luhansk regions of Ukraine, Afghanistan, Myanmar, Sudan, and Venezuela.

The Services are also not available to any individual or entity appearing on a sanctions list maintained by the United Nations, the European Union, the United Kingdom, or the United States (OFAC), or acting on behalf of such an individual or entity.

By using the Services, you represent and warrant that (i) you are not resident or located in a Restricted Jurisdiction, (ii) you do not appear on any applicable sanctions list, and (iii) you will not access the Services from a Restricted Jurisdiction. We screen users against applicable sanctions lists as described in our AML & KYC Policy, and we may suspend or terminate access where a restriction applies.

NATURE OF SERVICES

Meridian Funded provides simulated trading evaluation services. Unless explicitly stated, no real funds are allocated, and all rewards are based on simulated trading performance.

Nothing in the Services constitutes:

ACCOUNT CREATION

You agree to provide accurate, complete, and updated information.

Meridian Funded reserves the right to:

A single individual may hold up to twenty (20) accounts simultaneously under one profile. One profile corresponds to one individual; using multiple identities to open accounts will result in permanent suspension.

CHALLENGE MODELS

Meridian Funded offers five evaluation models. The core parameters of each model are as follows:

Model Profit target Daily drawdown Max total drawdown Drawdown type Min trading days (per evaluation phase)
Instant Funding None 4% 7% Trailing (never locks) 0
Instant Zero None 2.5% of start-of-day equity 5% Trailing on end-of-day equity, locks at initial balance (Breakeven Lock) 0
1-Step 9% 3% 6% Trailing, locks at initial balance 3
2-Step 8% (Phase 1) / 5% (Phase 2) 5% 10% Static 3 per phase
3-Step 6% / 6% / 6% 4% 9% Static 3 per phase

Phase targets are independent (for example, 2-Step Phase 2 is 5% of the fresh phase balance, not of Phase 1 equity). There is no time limit on any model. Instant Zero has no profit target, no consistency requirement, no minimum trading days, and no time limit; its drawdown and payout mechanics differ from Instant Funding and are described in the Drawdown Rules and Reward (Payout) Terms sections below. Account sizes available are $10,000, $25,000, $50,000, $100,000, $200,000, and $500,000. The corresponding drawdown amounts in USD are displayed on the platform. The standard funded ceiling is $500,000 per account and may scale up to $5,000,000 through the Meridian Pro program.

DRAWDOWN RULES

Daily drawdown. The daily loss limit resets at 5:00 PM New York time (shifting with daylight saving). At each reset, the daily floor is set by taking the higher of balance or equity and subtracting the model’s daily percentage of the initial balance. On Instant Zero accounts only, the daily floor is set at each reset by taking the start-of-day equity (including floating profit and loss) and subtracting 2.5% of that same start-of-day equity; the daily allowance therefore moves with the account rather than being fixed on the initial balance.

Maximum total drawdown.

Monitoring. All drawdown types are monitored in real time on equity, including floating profit and loss. If equity touches or falls below the applicable floor at any moment, the breach is immediate and final; a later recovery within the same day does not reverse it.

TRADING RULES & CONDUCT

Users must comply with all trading rules communicated on the platform and in the applicable rulebook. The allowed and prohibited practices are:

Rule Evaluation Funded
Hedging (same account) Allowed Step: allowed · Instant and Instant Zero: prohibited
Hedging (cross-account) Prohibited Prohibited
Martingale Allowed (except gambling, i.e. margin > 80%) Allowed (except gambling, i.e. margin > 80%)
Stop-loss Optional Optional
Custom EAs (your own bots) Allowed Allowed
HFT, gold-arbitrage, or off-the-shelf “auto-pass” EAs Prohibited Prohibited
Copy trading (your own accounts) Allowed (proof may be required) Allowed (proof may be required)
Third-party copy trading / external signals Prohibited Prohibited
News trading Free Profits capped at 1% in the 5-minute news window
Weekend holding Allowed Allowed (subject to the Weekend Gap Rule)
Minimum trade duration None 2 minutes
Layering / scaling-in Allowed Allowed (Risk Per Trade Idea applies)
Maximum lot size No limit Per-pair, per-trade guidelines by account size

Trading rules may be updated from time to time. Changes apply to accounts purchased after the change takes effect; existing accounts retain the rules in force at the time of their purchase, unless otherwise stated.

FUNDED-ACCOUNT PROTECTIONS

The following protections apply to funded accounts only and never run during evaluation. Each rule is assessed independently, and where several apply the strictest outcome is enforced.

Meridian Shield. If floating loss reaches −2% of the initial balance (Step models), −1.5% (Instant) or −1% (Instant Zero), all open positions on all symbols are automatically closed and the account remains active. A first event reduces the profit split to 50% for the current cycle; on Instant Zero accounts, which have no payout cycle, a first event reduces the profit split to 50% permanently on all subsequent payouts and the original split cannot be restored. A second event results in account termination on all models.

Risk Per Trade Idea. A “trade idea” is a single position, the same instrument in the same direction, or a reopen of the same direction within 10 minutes, measured on combined realized and floating exposure. Exposure per trade idea is limited to 2% of the initial balance on all account sizes. A first violation reduces the profit split to 50% for the current cycle (permanently on Instant Zero accounts); a second results in termination.

No-Hedge Rule (Instant and Instant Zero funded). Opposite-direction positions on the same instrument open at the same time (any size, any overlap) are prohibited on Instant and Instant Zero funded accounts. A first event voids the profits of the hedged sequence and triggers a formal warning; it is not itself a breach and the account stays active. A second event results in termination. Hedging remains allowed on Step-model funded accounts (same account only).

News window. Profits made in the window of 5 minutes before to 5 minutes after high-impact (“red folder”) news, based on the Forex Factory calendar, are capped at 1% of the initial balance; any excess is removed automatically and is not a breach. Trades opened more than 2 hours before the event are fully protected, even if they close within the window.

Weekend gap. A trade opened in the last 3 hours of Friday and closed in the first 3 hours of Monday may have its profits removed; this is not a breach. Normal weekend holding with a coherent strategy is allowed.

Minimum holding time. Each trade must be held for at least 2 minutes. A trade held for less than 2 minutes in profit is not counted at payout (no breach); a trade held for less than 2 minutes in loss is fully counted.

Gambling. Using more than 80% of available margin on running positions constitutes gambling and results in breach and termination. This rule applies to both evaluation and funded accounts.

CONSISTENCY REQUIREMENTS

Consistency requirements apply to funded accounts only; there is no consistency requirement during evaluation.

A consistency shortfall is not a breach. The account stays active and the trader may continue trading until the requirement is met before a payout can be requested.

PROHIBITED CONDUCT & STRATEGIES

The following are strictly prohibited and result in account termination and forfeiture of profits (front-running, insider trading, and comparable practices additionally result in a ban):

The Company reserves the right to determine, at its sole discretion, whether trading behaviour is abusive, non-professional, or in violation of these Terms. Not all violations are detected automatically; the Risk Team reviews every account before each payout, and a validated Risk Team decision is final.

IP ADDRESS & LOCATION COMPLIANCE (STRICT POLICY)

To ensure strict compliance with Meridian Funded’s security and risk management procedures, all users must access their accounts exclusively from a location consistent with their declared country of residence.

The use of any IP address originating from a different country than the one registered on the account, including, but not limited to, VPNs, proxies, VPS, or remote access tools, is strictly prohibited.

Any breach of this requirement constitutes a material violation of these Terms.

In such cases, Meridian Funded will immediately and permanently terminate the account without prior notice.

Upon termination:

No exceptions will be made.

RISK CONTROL & TRADE ADJUSTMENTS

The Company reserves the right to:

where activity is deemed inconsistent with fair trading conditions, system integrity, the applicable trading protections, or internal risk policies.

FEES AND PAYMENTS

All evaluation fees are one-time fees, charged in USD at the price displayed at checkout. Payment processing is handled by third-party payment service providers. The billing descriptor shown at checkout is the descriptor that will appear on your bank statement.

Except as expressly provided in our Refund Policy and in the Bonus Programs below, all fees are non-refundable. A refund will never exceed the amount originally paid for the transaction concerned.

Promotional challenges may be subject to additional rules, such as specific consistency requirements, as communicated at the time of purchase.

FAILURE AND RESET POLICY

If you fail an evaluation phase, the following reset options apply:

All resets are subject to continued compliance with these Terms and all trading rules.

REWARD (PAYOUT) TERMS

Rewards are based on simulated trading performance and require full compliance with all trading rules and these Terms.

Profit split. The standard profit split is 90% to the trader and 10% to Meridian. A 95% split is available with the Pro add-on, and up to 100% under the Meridian Pro program for sustained performance. On Instant Zero accounts, the split is 90% (100% with the Instant Zero add-on purchased at checkout) for as long as the Meridian Shield has never triggered; from the first Shield event or Risk Per Trade Idea violation, the split is permanently 50% on all subsequent payouts.

Payout cycle. Payouts may be requested every 14 days on Step-model funded accounts, and on demand on Instant and Instant Zero funded accounts.

Minimum trading days before the first payout. Step models require 5 trading days (a trading day being any day with at least one executed trade). Instant funded accounts require 5 valid trading days, which need not be consecutive. A valid trading day is a day (measured on the 5:00 PM to 5:00 PM New York cycle) whose net realized eligible profit — after the minimum-holding, news-window, and weekend-gap adjustments — is at least +0.5% of the initial balance. Floating profit is excluded. Instant Zero accounts have no minimum trading days; payouts are available on demand from day one, subject to the withdrawal buffer below.

Eligibility. A payout requires that the account balance exceed the initial balance, that no rule has been violated, that all positions are closed, that the applicable consistency requirement is met, that the minimum trading days are completed, and that identity verification (KYC) is validated. The minimum withdrawal amount is $100. Every payout request is subject to internal review, fraud checks, and risk validation.

Instant Zero withdrawal buffer. On Instant Zero accounts, withdrawals unlock once account equity, measured at the moment of the request, reaches 106% of the initial balance ($10,600 on a $10,000 account, $26,500 on $25,000, $53,000 on $50,000, $106,000 on $100,000, $212,000 on $200,000, and $530,000 on $500,000). The withdrawable amount is everything above 106% of the initial balance; the 6% buffer remains on the account for as long as it is active and is never withdrawable. If the withdrawable amount is below $100, no request can be made until it reaches $100. Eligibility at request is limited to: equity at or above 106% of the initial balance, no rule violation on record, all positions closed, and validated KYC (first payout only). There is no consistency check and no trading-day check. The payable amount is computed on eligible profit, after the minimum-holding, news-window, and weekend-gap adjustments, as on every other model.

Identity verification (KYC). Before the first payout, you must complete identity verification with a government-issued ID, a proof of address issued within the last three (3) months, and a selfie. Verification is typically completed within 24 hours; a payout cannot be processed until KYC is validated.

Meridian Reward Pledge. Compliant and approved payout requests are processed within 12 hours. If a compliant and approved payout is not processed within 12 hours, an additional 10% is credited on your next payout, applied automatically with no ticket required. Business hours for this pledge are 09:00 Monday to 17:00 Friday, London time (UTC+0); the timer pauses over weekends, and requests submitted over a weekend start counting from Monday 09:00. Once funds leave Meridian, bank or wallet processing time is outside the Company’s control. This pledge does not apply where the delay results from: (i) additional identity or compliance verification; (ii) fraud or risk review; (iii) delays attributable to third-party payment providers or banking networks; (iv) force majeure; or (v) any breach of these Terms by the user.

Payment methods. Meridian charges no payout fees (only network or banking fees may apply). The minimum for each method is $100:

Method Speed
Bank Wire (SEPA) 1 business day
Bank Wire (SWIFT) 1–2 business days
Rise (e-wallet) Instant

Any additional payout methods available to your account are shown in your dashboard when you request a reward.

BONUS PROGRAMS

Challenge Reward (50%). Eligible participants receive 50% of their cumulative evaluation-phase profit. The amount is shown in the dashboard from day one of the funded account and is paid together with the third successful funded payout. It is forfeited if a breach occurs before the third payout, or if a prohibited strategy is used during evaluation.

Second Chance. Available on 2-Step and 3-Step funded accounts only (not Instant or Instant Zero). During the first 24 hours after activation (from the credentials-delivery timestamp), the trader must place at least 10 valid trades (each held more than 2 minutes, during market hours, and closed before the window ends), using no more than 25% of available margin on any single trade and no more than 60% total at any moment, across at least 3 different instruments. Trades within 30 minutes of high-impact news, outside primary sessions, or within 30 minutes of the 5:00 PM New York rollover are excluded, and the position must be at a net loss at the point of breach. If any prohibited strategy is detected, the benefit is void. The benefit is issued as Meridian Credit only (no cash value) and expires after 90 days. It is available once per trader (by KYC) and is subject to manual Risk Team review of up to 5 business days; the decision is final.

Fee Refund & Credit Bonus. Where a fee refund offer is displayed, eligible participants receive, on their first successful payout from a funded account and provided no rule has been violated: (i) 100% of the evaluation fee refunded to the original payment method, and (ii) an additional 50% of the evaluation fee credited as Meridian Credit (usable toward future evaluations, add-ons, or upgrades, and expiring six (6) months after issuance). A cash refund under this program never exceeds the amount originally paid. This program does not apply to failed, terminated, inactive, or promotional accounts unless expressly stated.

Meridian Pro (scaling). Funded accounts may scale up to a $5,000,000 cap. On reaching 10% profit within a 3-month window, the account is rewarded with an increase of 25% of the initial balance per successful cycle. The maximum starting account for the program is $500,000.

ACCOUNT SUSPENSION AND TERMINATION

The Company reserves the unilateral right to suspend, restrict, or terminate any account at any time, with or without prior notice.

This includes, but is not limited to:

Upon termination:

The user waives any claim against the Company arising from such actions.

INACTIVITY

An account with no trading activity for 30 consecutive calendar days is considered breached and cannot be recovered. A reminder email is sent 5 days before this threshold is reached.

MULTI-ACCOUNT & ABUSE PREVENTION

You may operate up to twenty (20) accounts simultaneously under a single profile. However, you may not:

Eligible funded accounts may be merged once funded, subject to the same conditions. The Company may use technical and behavioural analysis to detect violations.

AFFILIATES

Affiliates may earn commission of up to 25% on the evaluation fees of referred users, plus performance bonuses. Affiliate tiers are based on the volume of referred sales. Commissions are performance-based; individual results vary, and no earnings are represented or implied. The minimum affiliate withdrawal is $100.

INTELLECTUAL PROPERTY RIGHTS

All intellectual property related to the Services remains the exclusive property of the Company.

LIABILITY LIMITATIONS

To the fullest extent permitted by law, the Company shall not be liable for:

Use of the Services is at your own risk.

INDEMNITY AGREEMENT

You agree to defend, indemnify, and hold harmless the Company from any claims, damages, or expenses arising from:

JURISDICTION AND GOVERNING LAW

These Terms shall be governed by the laws of the United Arab Emirates, specifically those applicable to the IFZA (International Free Zone Authority), Dubai Silicon Oasis.

Any disputes shall be resolved exclusively in the competent courts of Dubai, United Arab Emirates.

MODIFICATIONS TO TERMS

The Company may revise these Terms at any time without notice. Continued use constitutes acceptance. Changes to trading rules apply to accounts purchased after the change takes effect; existing accounts retain the rules in force at the time of their purchase, unless otherwise stated.

CONTACT INFORMATION

support@meridian-funded.com

COMPANY INFORMATION

Meridian is operated by BLUEWAVE DIGITAL EDUCATION – FZCO, a company registered in Dubai, United Arab Emirates, under License No. 88539.

SO-IFZA, IFZA Properties, Dubai Silicon Oasis, Dubai, United Arab Emirates

EFFECTIVE DATE

These Terms are effective as of January 1, 2026. Last updated: September 2, 2026.