Is there a contract I need to sign before getting the Pivex Trader's account for legal purposes?
Modified on Sat, 7 Jun at 5:22 AM
Yes. After you successfully complete the Trading Challenge and qualify for the Pivex Traders Stage, you will be required to sign a Trader Agreement. This agreement outlines the terms of your trading relationship with Pivex and must be signed before proceeding to KYC verification and before your Pivex Trading Account is activated.
When Is the Trader Agreement Presented?
Once you pass the Challenge:
- You will first be prompted to review and agree to the Trader Agreement via a checkbox in your Pivex Dashboard.
- After accepting the agreement, you can begin the KYC (Know Your Customer) process.
- Upon completing both steps, your Pivex Trading Account will be activated.
Purpose of the Trader Agreement
The Trader Agreement serves several key purposes:
- Clarifies rights and obligations between you and Pivex
- Details your profit entitlement, payout structure, and withdrawal conditions
- Outlines rules for maintaining your account, including drawdown limits, risk guidelines, and prohibited trading activity
- Explains payout methods (e.g., bank transfer or cryptocurrency)
- Establishes legal protections for both parties and defines consequences for non-compliance
- Sets expectations for account termination, if performance or compliance requirements are not met
This agreement ensures transparency, accountability, and mutual understanding before any real earnings are generated.
KYC Verification After Agreement
Once you’ve accepted the Trader Agreement, you’ll proceed to complete the KYC verification, which is required before any trading or withdrawals can begin.
You’ll need to upload:
- A valid government-issued ID
- A recent proof of address (e.g., utility bill, bank statement, dated within 3 months)
KYC is reviewed within 1 business day for individuals and up to 3 business days for companies. Once verified, your account will be activated.
Why KYC and a Legal Agreement Are Required
Pivex operates under global financial compliance standards. KYC and the Trader Agreement:
- Help prevent fraud and financial crime
- Confirm your legal eligibility for payouts
- Provide legal structure and protection for all trading activity
If you encounter any issues during this process — whether with the Trader Agreement or KYC verification — our support team is ready to assist you at support@pivex.com. We’ll guide you through each step to ensure a smooth transition into the Pivex Traders Stage.
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