Last update: 2026-5-26
ProveX (the "Platform") is an online skill-based digital assets trading evaluation service operated by Nieve Cruz PA Corporation (the "Company", "we", "us"). ProveX offers participants the opportunity to demonstrate trading skill through a simulated trading assessment. Participants who satisfy the published criteria may be offered an arrangement under which they continue trading a demo account funded with Company virtual balances, and under which the Company may pay performance-based rewards calculated by reference to simulated trading performance.
At no stage does a participant receive, hold, control, or have any ownership or custody interest in real funds, assets, trading accounts, or positions. Participants are not clients, investors, advisers, partners, agents, or asset managers of the Company. The registration fee purchases access to the assessment service only.
These terms and conditions (“Terms”) will apply to your use of ProveX. These Terms constitute a legal agreement between you and the Company and govern your access to and use of ProveX. You acknowledge and agree that by accessing and using ProveX, you agree to be bound by these Terms.
By signing up for the use of the Platform, you represent and warrant that:
We are entitled, in our sole discretion, to refuse your registration without providing any reason or explanation, including but not limited to any breach of Clause 2.1 herein.
You agree to, at all times, cooperate with all requests made by us or any of our third-party service providers on our behalf in connection with your use of the Platform and account. We may require additional information or documents from you, which may include, but without limitation, identity or address proof, your tax identification number, or government-issued identification.
You hereby represent and warrant that any and all information provided to us or any of our third-party service providers, is always and continue to be complete, accurate and up to date in all respects and that in the event that such information ceases to be complete, accurate and up-to-date, you shall provide us and third-party service providers which such revised and updated information without delay. Failure to provide up to date information may result in your inability to or adversely affect your use of the Platform. You undertake to indemnify us and any third-party service providers for any and all losses and damage incurred as a result of your failure to provide complete, accurate and up to date information at any point during your use of the Platform.
The registration fee is a one-time, non-refundable fee paid in exchange for access to the Platform’s assessment service. The Company reserves the sole and absolute discretion to determine or revise any registration fee for any given assessment package.
The registration fee is not an investment, deposit, capital contribution, consideration for any security or derivative, or a stake in any pool. The size or availability of any performance-based reward is not determined by reference to the registration fee.
You acknowledge that most participants do not pass the assessment and will not receive any performance-based reward.
A user may hold only one active package at any given time. Assessment rules (profit targets, maximum drawdown, trading days, etc.) are subject to the rules published by the Platform at the time of registration and are incorporated into these Terms. The Platform reserves the right to adjust future package rules with prior notice to users.
The following are prohibited and will result in immediate account termination, forfeiture of all fees, and forfeiture of any accrued or unpaid rewards:
To the extent permitted by applicable law, the Company reserves the right at any time and without liability to, terminate, suspend or limit your use or any functionality of the Platform under the following circumstances:
You are solely responsible and liable for keeping your Platform account safe to avoid loss of access to and/or control over your account. We will not be liable to you for any loss of access to your account. You are advised to maintain adequate security, measure and control of your account and access to and use of your account. We will not be liable to you for any losses or damage resulting from any unauthorized access to your account.
By using the Platform, you confirm that you have read and accepted our Privacy Policy (as updated from time to time) and understand how we collect, use, disclose and share amongst ourselves your Personal Data and disclose such Personal Data to our authorized service providers and relevant third parties.
For the purposes of this clause and the Privacy Policy, “Personal Data” refers to any information relating to an identified or identifiable natural person; an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person;
You shall accept full responsibility for the security and authenticity of all instructions and you shall be bound by all such instructions. We shall be entitled to assume that all instructions received from the email you provide, or your account are yours. We shall be under no obligation whatsoever to verify that such communications are in fact yours.
You are aware that instructions and information transmitted via the Platform are generally transmitted via the internet and may be routed via public, transnational installations which are not specifically protected. We cannot guarantee that the instructions and information so transmitted will in fact be completely protected against such unauthorized access, and you accept these associated risks.
You acknowledge and agree that in the event of any dispute arising in connection with your use of the Platform, our records (including electronic, computer and microfilm stored records) of all matters relating to your use of the Platform at any specified date shall be conclusive of their accuracy and authenticity and shall be binding on you for all purposes whatsoever. In addition, you agree to the admissibility of such documents without further requirement of proof of authenticity or accuracy in a court of law under applicable evidentiary law, rules and/or regulations.
The Company owns all rights, title and interest in the Platform and our proprietary technology, including our software (in source and object forms), algorithms, User Interface designs, architecture, and documentation (both printed and electronic), network designs, know-how, and trade secrets, and including any modifications, improvements, and derivative work thereof (the “Platform Technology”). When you accept these Terms, we grant you a personal, non-exclusive, limited, revocable and non-transferable license to use Platform Technology without the right to sublicense. You may only use the Platform in a manner consistent with these Terms, and you shall not interfere with, disrupt, or cause damage to any other users of the Platform, produce any derivative work based on Platform Technology, nor shall you translate, reverse engineer, decompile or disassemble Platform Technology.
On successful completion of all assessment phases, the Company may, at its sole discretion, offer a Post-Assessment Arrangement ("PAA").
Under the PAA, you will continue trading in a simulated environment with a virtual balance determined by your package. You will not receive, control, or hold any interest in any real funds, capital, positions, or trading account at any time. You are not an agent, employee, partner, or joint venturer of the Company.
The Company may, at its sole discretion, pay you performance-based rewards calculated by reference to the simulated trading performance of your PAA account, in accordance with the formula set out in the PAA. Rewards are service fees paid to you as an independent contractor for demonstrating trading skill; they are not profit distributions, profit-sharing, or returns on any investment.
Reward payouts are subject to: (i) compliance with all assessment and PAA rules; (ii) minimum payout thresholds; (iii) the Company's right to delay, reduce, or decline payouts where it reasonably suspects rule breaches or fraud; and (iv) the Company's right to offset amounts you owe.
The PAA terminates automatically upon breach of rules, reaching the maximum drawdown or daily loss limit, or prolonged inactivity. You have no entitlement to reinstatement unless stated otherwise by the Company.
Rewards are paid in approved digital assets specified by the Company, to an account held in your name at a Platform supported digital asset exchange (“Supported Exchange”) nominated by you from the list of Supported Exchanges published by the Platform from time to time.
You are responsible for opening, maintaining, and completing any onboarding, identity verification, or compliance requirements imposed by the Supported Exchange. The Company has no involvement in, and accepts no responsibility for, the Supported Exchange's onboarding, verification, deposit, custody, or withdrawal processes.
The Company's payout obligation is discharged upon transfer of the relevant amount to the wallet address associated with your account at the Supported Exchange. The Company is not responsible for any delay, rejection, freeze, or loss that occurs at or after the Supported Exchange.
The Company may update the list of Supported Exchanges at any time. Where a previously Supported Exchange is removed, the Company will give reasonable notice to allow you to nominate an alternative.
The Platform shall not be liable for losses caused by technical failures, network outages, third party service failures, or force majeure. The Platform's maximum aggregate liability to any user in any twelve (12) month period is capped at the registration fee paid by that user during that period. To the maximum extent permitted by law, the Company is not liable for loss of profit, revenue, business, opportunity, or anticipated reward, nor for indirect or consequential losses. Nothing in these Terms excludes liability that cannot be excluded under applicable law.
You agree to indemnify and hold harmless the Company, the Supported Exchanges and their affiliates, third-party service providers, and each of their shareholders, affiliates, officers, directors, agents, joint venture entities, employees and representatives, from and against any and all claims, liability, costs, demands and expenses (including, without limitation, legal fees and any fines, fees or penalties imposed by any regulatory authority) arising out of or related to (a) your breach of any of these Terms; (b) your wrongful or improper use of the Platform; (c) any third party’s access or use of your Platform account or Supported Exchange account and wallet; (d) your violation of any applicable law, rule, regulation, or the rights (proprietary or otherwise) of any third party.
The use of the Platform involve risks associated with digital assets which are not limited to risks set out above or these Terms. These risks, as well as additional risks arising from now or in the future can be substantial and potentially devastating. You should therefore carefully consider whether using the Platform is suitable for you in light of your financial condition prior to commencing your use of the Platform. You must seek professional advice regarding your particular financial condition prior to commencing your use of the Platform, and you shall be fully liable for any losses arising from the above.
The Company reserves the right to amend these Terms at any time. Material changes will be notified to users by email seven (7) days in advance. For changes required by law, regulation, security, or fraud prevention, changes may take effect immediately. Continued use of the Platform constitutes acceptance of the amended terms.
It is your sole responsibility to determine whether, and to what extent, any taxes apply to your use of the Platform, and to withhold, collect, report and remit the correct amounts of such taxes to the appropriate tax authorities. We are not obligated to, nor will we determine whether taxes apply, or calculate, collect, report, or remit any taxes to any tax authority arising from any transaction.
These Terms, and any rights and obligations and licences granted hereunder, are limited, revocable, non-exclusive and personal to you and therefore may not be transferred, assigned or delegated by you to any third-party without our written consent, but may be transferred, assigned or delegated by us without notice and restriction, including without limitation to any of the entities within the Company, or to any successor in interest of any business associated with the Platform. Any attempted transfer or assignment in violation hereof shall be null and void.
If any provision of these Terms shall be found by any court or administrative body of competent jurisdiction to be invalid or unenforceable, the invalidity or unenforceability of such provision shall not affect the other provisions of these Terms and all provisions not affected by such invalidity or unenforceability shall remain in full force and effect. Such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable laws.
These Terms constitute the entire agreement between the parties with regard to its subject matter and supersede and invalidate all other prior representations, arrangements, understandings, and agreements relating to the same subject matter, whether oral or in writing, express or implied. Each party acknowledges that in agreeing to these Terms it does not rely on any statement, representation, warranty, or understanding other than those expressly set out in these Terms.
These Terms are concluded in the English language and all communications including any notices or information being transmitted shall be in English. In the event that these Terms or any part of it is translated (for any proceedings, for your convenience or otherwise) into any other language, the English language text of these Terms shall prevail.
For your convenience, you may choose to view the Platform in your local language. For the avoidance of doubt, these translations are supplied for users’ convenience only. The Company does not guarantee the accuracy of these translations. In the event of dispute, the English language version of all disclaimers, communications or terms shall prevail.
These Terms shall not be waived in whole or in part except where agreed by all parties in writing. No failure or delay on the part of any party hereto in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy. No right, power or remedy conferred upon or reserved for any party in these Terms is exclusive of any other right, power or remedy available to that party and each such right, power or remedy shall be cumulative.
By using the Platform, you agree that we may provide you with any notices or other communications, including marketing, relating to your use of the Platform electronically: (a) via email (in each case to the address that you provide), or (b) by posting to any public channel. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted. You will always be given the option to unsubscribe from receiving any marketing material from us.
Other than any entities within the Company, a person who is not a party to these Terms has no right to enforce any of these Terms.
PLEASE READ THIS SECTION CAREFULLY, AS IT INVOLVES A WAIVER OF CERTAIN RIGHTS TO BRING LEGAL PROCEEDINGS.
Notification of Dispute. Please contact the Company first! The Company wants to address your concerns without resorting to formal legal proceedings. Before filing a claim, you agree to try to resolve the dispute informally by contacting the Company at contact@support.provex.club.
Agreement to Arbitrate. You and the Company agree to resolve any claims relating to these Terms (including any question regarding its existence, validity, termination, or any services or products provided and any representations made by us) through final and binding arbitration. You agree to first give us an opportunity to resolve any claims by contacting us as set forth in Clause 25.1 above. If we are not able to resolve your claims within 60 days of receiving the notice, you may seek relief through arbitration as set forth below.
Arbitration Procedure. Either you or the Company may submit a dispute (after having made good faith efforts to resolve such dispute in accordance with Clause 25.1 and 25.2 above) for final, binding resolution by arbitration under the arbitration rules of the Hong Kong International Arbitration Centre (“HKIAC”), which are deemed to be incorporated by reference. The arbitration tribunal shall consist of a sole arbitrator to be appointed by the President of HKIAC. The language of the arbitration hearings shall be English and the seat, or legal place, of arbitration shall be Hong Kong. Judgment on any arbitral award may be entered in any court having jurisdiction over the party (or the assets of the party) due and owing such award.
Notice. To begin an arbitration proceeding, you must send a letter requesting arbitration and describing your claims to contact@support.provex.club. If we request arbitration against you, we will give you notice at the email address or street address you have provided.
You agree that the arbitration shall be kept confidential. The existence of the arbitration, any non-public information provided in the arbitration, and any submissions, orders or awards made in the arbitration (together, the “Confidential Information”) shall not be disclosed to any non-party except the parties’ attorneys, accountants, or business advisors, or otherwise as required by applicable law and any other person necessary to the conduct of the arbitration, and then subject to the condition that they agree to keep all such information and material confidential. This provision shall not prohibit you or the Company from filing any award issued by the arbitrator in a court proceeding to confirm or challenge the award, although the filing party shall take reasonable efforts to obtain a court order to seal the award. This confidentiality provision shall survive termination of these Terms and of any arbitration brought pursuant to these Terms.