Terms of Use

WHO WE ARE AND HOW TO CONTACT US

https://www.xrs.com (the “Site”) is operated by XRS Group Ltd (“Company”, “we”, “us”, or “our”). We are registered in England and Wales under company number 17009721 and have our registered office at 6th Floor, 299 Oxford Street, London, United Kingdom, W1C 2DZ.

To contact us, please email info@xrs.com.

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AGREEMENT TO TERMS

These Terms of Use constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”), and XRS Group Ltd concerning your access to and use of the Site, together with any other media form, media channel, mobile website, or mobile application related, linked, or otherwise connected thereto (collectively, the “Site”).

By accessing the Site, you confirm that you have read, understood, and agreed to comply with these Terms of Use. If you do not agree with these Terms, you must not use the Site.

Supplemental terms, policies, or documents that may be posted on the Site from time to time are expressly incorporated herein by reference.

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‍THE SITE

The Site is intended for users who are at least 18 years of age. By using the Site, you confirm that you meet this requirement.

The Site provides information about and access to a simulated proprietary trading evaluation platform. All trading activity made available through XRS is simulated only and does not involve real capital or live market execution.

The Site is directed primarily at users residing in the United Kingdom. We do not represent that content available on or through the Site is appropriate for use in other jurisdictions. Users who access the Site from outside the United Kingdom do so at their own initiative and are responsible for compliance with local laws where applicable.

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‍PROFESSIONAL AND REGULATORY STATUS

XRS Group Ltd does not carry out any regulated investment activities. We are not a broker, dealer, investment manager, or financial adviser, and we do not accept deposits or hold client funds.

Any fees paid to XRS Group Ltd are solely for access to a simulated trading evaluation environment. Users do not trade real capital and do not receive investment advice or financial recommendations.

XRS Group Ltd is not authorised or regulated by the Financial Conduct Authority, and our services are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme.

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‍USER REGISTRATION

You may be required to register for an account to access certain features of the Site or platform. You agree to provide accurate, current, and complete information during registration and to keep your login credentials confidential.

You are responsible for all activity carried out through your account. We reserve the right to suspend or terminate accounts where information provided is false, misleading, or incomplete, or where these Terms are breached.

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ELIGIBILITY, VERIFICATION AND RESTRICTED JURISDICTIONS

To use the Site and any services provided by XRS Group Ltd, you must:

• Be at least 18 years of age;

• Have full legal capacity to enter into binding agreements;

• Provide accurate, complete, and truthful information at all times;

• Successfully complete any identity verification, KYC, AML, sanctions screening, source of funds, or compliance checks requested by XRS.

We reserve the right to request additional information or documentation at any time and to refuse, suspend, restrict, or terminate access where satisfactory verification cannot be completed.

RESTRICTED PERSONS

XRS does not provide services to:

• Individuals or entities subject to sanctions imposed by the United Kingdom, European Union, United Nations, United States, or other applicable authorities;

• Persons appearing on sanctions, terrorism financing, money laundering, or restricted party lists;

• Individuals convicted of financial crimes, fraud, money laundering, terrorist financing, or similar offences;

• Individuals who provide false, misleading, forged, incomplete, or fraudulent information;

• Persons previously suspended, terminated, or permanently banned from the XRS platform for breaches of these Terms or related agreements.

RESTRICTED JURISDICTIONS

Due to legal, regulatory, compliance, payment processing, fraud prevention, operational, or risk management considerations, XRS does not currently provide services to residents of, persons located in, or persons accessing the platform from:

Afghanistan, Anguilla, Antarctica, Antigua and Barbuda, Belarus, Belize, Bhutan, Bouvet Island, Burundi, Cabo Verde, Central African Republic, Chad, Comoros, Cook Islands, Republic of the Congo, Cuba, Djibouti, Dominica, Equatorial Guinea, Eritrea, Eswatini, Fiji, Gabon, Gambia, Grenada, Guinea, Guinea-Bissau, Holy See (Vatican City State), Indonesia, Iran, Iraq, Kazakhstan, Kiribati, Kosovo, Kyrgyzstan, Lesotho, Liberia, Malawi, Mali, Marshall Islands, Micronesia, Myanmar, Nauru, Niger, Niue, North Korea, Papua New Guinea, Russian Federation, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sudan, Suriname, Syria, Tajikistan, Timor-Leste, Tokelau, Tonga, Turkmenistan, Tuvalu, Uzbekistan, Vanuatu, Venezuela, Western Sahara, Yemen, and the following regions of Ukraine: Crimea, Sevastopol, Donetsk, Kherson, Luhansk, and Zaporizhzhia.

XRS reserves the right to amend, expand, reduce, or modify the list of restricted jurisdictions at any time without prior notice.

LOCATION AND IDENTITY REQUIREMENTS

Users must not:

• Use VPNs, proxies, remote servers, location masking tools, or similar technologies to conceal their true location;

• Use false, forged, altered, or misleading documentation;

• Use third-party identities, payment methods, bank accounts, or verification documents;

• Attempt to circumvent any geographical, compliance, eligibility, or risk restrictions imposed by XRS.

Where XRS reasonably believes that a user has attempted to circumvent these requirements, XRS may immediately suspend or terminate the account, cancel participation in any challenge or evaluation, withhold rewards, cancel payouts, and permanently prohibit future use of the platform.

RIGHT TO REFUSE SERVICE

XRS reserves the right, at its sole discretion, to refuse, suspend, restrict, terminate, or limit access to any part of its services where it determines that doing so is necessary to manage legal, regulatory, compliance, fraud, operational, financial, reputational, commercial, or risk-related concerns.

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‍PROHIBITED ACTIVITIES

You agree not to use the Site:

• ‍For any unlawful purpose
• To attempt to access systems, accounts, or data without authorisation
• To interfere with the operation or security of the Site
• To copy, scrape, reverse engineer, or exploit the Site or its content
• To misrepresent your identity or impersonate others
• To use automated systems, bots, or scripts without permission

Any unauthorised use of the Site may result in suspension or termination of access and legal action where appropriate.

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‍USER GENERATED CONTENT

Where the Site allows you to submit content, feedback, or other materials (“Contributions”), you retain ownership of your content. However, by submitting Contributions, you grant us a non-exclusive, royalty-free, worldwide licence to use, reproduce, and display such content in connection with the Site and our services.

You are solely responsible for your Contributions and warrant that they do not infringe any third-party rights or applicable laws.

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‍DISCLAIMER

The Site is provided on an “as is” and “as available” basis. To the fullest extent permitted by law, we disclaim all warranties, express or implied, in connection with the Site and its content.

We do not warrant that the Site will be uninterrupted, error-free, or free of harmful components. Your use of the Site is entirely at your own risk.

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‍LIMITATION OF LIABILITY

Nothing in these Terms excludes or limits our liability where it would be unlawful to do so, including liability for death or personal injury caused by negligence or fraud.

To the maximum extent permitted by law, XRS Group Ltd shall not be liable for any indirect, incidental, consequential, or economic loss arising from your use of the Site or inability to access it.

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PRIVACY POLICY

We take data protection seriously. Please review our Privacy Policy, which forms part of these Terms of Use.

By using the Site, you consent to the collection and processing of your personal data in accordance with our Privacy Policy and applicable UK data protection laws.

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‍GOVERNING LAW AND JURISDICTION

These Terms of Use and any disputes arising from them are governed by and construed in accordance with the laws of England and Wales.

The courts of England and Wales shall have exclusive jurisdiction.

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‍MISCELLANEOUS

These Terms constitute the entire agreement between you and XRS Group Ltd regarding your use of the Site. If any provision is found to be unlawful or unenforceable, the remaining provisions shall remain in full force and effect.

Our failure to enforce any provision shall not be deemed a waiver of our rights.

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PAYOUTS

Eligible users may request a payout directly through their XRS dashboard, subject to compliance with the applicable Challenge or Evaluation rules and any verification requirements.

Payout requests are processed on a bi-weekly schedule. The minimum payout amount is USD $100. Approved payouts are made by bank transfer to a bank account registered in the name of the account holder, unless otherwise agreed by XRS.

Once a payout request is submitted through the dashboard, it will be reviewed by XRS for compliance with these Terms, the applicable trading rules, and any identity, AML, KYC, sanctions, or other verification requirements. Following approval, the payout will be processed through XRS's internal back-office systems and remitted to the nominated bank account.

XRS reserves the right to delay, refuse, suspend, or cancel any payout where it reasonably believes that these Terms, the applicable trading rules, or any legal, regulatory, compliance, fraud prevention, or risk management requirements have not been satisfied.