This Affiliate Program Agreement (the „Agreement“) is concluded between you (the „Affiliate“, „you“, „your“) and Pinex Software Solutions L.L.C-FZ, a company established and existing under the laws of the United Arab Emirates, with its registered office at Meydan Grandstand, 6th Floor, Meydan Road, Nad Al Sheba, Dubai, United Arab Emirates, License Number 2643553.01 („Pinex Capital“, „we“, „us“, „our“).
You should read this Agreement carefully before registering for the Pinex Capital Affiliate Program (the „Program“). By completing the application process and ticking the corresponding confirmation, you confirm that you have read, understood and accepted this Agreement.
This Agreement supplements and is consistent with the Pinex Capital General Terms and Conditions (Version 2.0, Effective Date 27 April 2026, the „GTC“) and the Pinex Trader Program Terms. In the event of any conflict between this Agreement and the GTC, the provisions of this Agreement shall prevail with respect to the Program.
- SUBJECT OF THE PROGRAM
1.1 The Program enables the Affiliate, in exchange for a performance-based remuneration, to publicly promote the Pinex Challenge evaluation service (the „Evaluation Service“) as defined in Clause 5.8 of the GTC and to refer potential customers to the website pinexcapital.com (the „Website“).
1.2 The Affiliate promotes the Evaluation Service only. The Affiliate is not entitled to promote the Pinex Trader Program, any Rewards, simulated trading accounts, simulated capital or simulated performance results as a commercial offering.
1.3 The Program does not establish any agency, employment, joint venture, franchise or partnership relationship between Pinex Capital and the Affiliate. The Affiliate acts as an independent contractor in its own name and on its own account.
1.4 The Affiliate is not authorised to enter into contracts, make declarations, give undertakings, bindingly respond to customer enquiries or collect receivables in the name or on the account of Pinex Capital.
- ELIGIBILITY
2.1 You are only eligible to participate in the Program if you are:
(a) a natural person at least eighteen (18) years of age, who is not subject to restrictions based on your nationality or residency; or
(b) a legal entity not established or incorporated in, and without a registered office or place of business in, a Restricted Jurisdiction (Clause 2.4), provided that the beneficial owner is also eligible under Clause 2.1(a).
2.2 You must not be subject to relevant international sanctions, in particular you must not be included on sanctions lists of the United Nations, the European Union, the Office of Foreign Assets Control of the United States, the United Arab Emirates or any other applicable sanctions regime. You must not have a criminal record related to financial crime, terrorism financing or money laundering.
2.3 You must meet the requirements of our „Know Your Customer“ (KYC) and „Know Your Business“ (KYB) procedures or comparable identification procedures, to the extent they apply under Clause 7.
2.4 Restricted Jurisdictions. We do not accept Affiliates from the following countries: Russia, Cuba, Sudan, Somalia, Iran, Lebanon, Syria, North Korea, Libya and Vietnam, as well as any further countries published on the Website. This list may be updated from time to time at our sole discretion.
2.5 You represent that, at the time of execution of this Agreement, you meet the eligibility criteria set out in this Clause 2. If you do not meet these criteria, this Agreement is not concluded. If you cease to meet the eligibility criteria after conclusion of this Agreement, you must notify us immediately.
- APPROVAL OR REJECTION OF THE APPLICATION
3.1 We reserve the right to approve or reject any application to participate in the Program at our sole and absolute discretion. There is no entitlement to admission to the Program.
3.2 We may in particular reject an application where the Affiliate’s promotional activity or environment (such as the content of the Affiliate’s own website or social media presence) is incompatible with the nature of our Evaluation Service or with our compliance strategy.
3.3 A rejection will not be reasoned. You have no remedy against Pinex Capital for the rejection of your application.
- PROMOTIONAL AND CONDUCT RULES
4.1 Mandatory Disclaimer. In every public promotion of the Evaluation Service (including websites, posts, videos, emails, advertisements), the Affiliate must prominently include a notice substantially in the following form:
„Pinex Capital provides a simulated trading evaluation program. It is not an investment, not a financial service provider, not asset management. No real trading in financial instruments takes place.“
On platforms with character limitations (e.g. banner ads, short-form posts), a substantively equivalent short-form notice („simulated trading — not an investment“) is permitted, provided that the full notice becomes visible upon click or redirection.
4.2 Prohibited Terms. When promoting the Evaluation Service, the Affiliate must not, directly or indirectly, use the following or substantively equivalent terms:
(a) „investment“, „financial investment“, „wealth investment“, „investment opportunity“;
(b) „funded trader capital“, „real capital“, „real funding“, „live account“, „live trading“, „real trading“;
(c) „profit share“, „share of profit“, „participation in trading profit“;
(d) „yield“, „guaranteed yield“, „return on capital“, „interest“, „passive income from trading“;
(e) „broker“, „bank“, „securities account“, „investment service“;
(f) any statements suggesting that persons referred by the Affiliate deposit, invest or acquire any entitlement to a financial return with Pinex Capital.
In particular, the following terms are permitted: „simulated trading“, „trading challenge“, „evaluation program“, „trader skill assessment“, „Pinex Challenge“, „Reward for data“, as well as the correct description of Add-Ons and Promotional Offers under their official designation on the Website.
4.3 Truthfulness and Accuracy. The Affiliate shall not make any false, misleading or unverified statements regarding Pinex Capital, its services, performance, regulatory status, guarantees, licences or prospects of success. All information communicated must be consistent with the content published on the Website and with the version of the GTC, the Pinex Trader Program Terms and this Agreement applicable from time to time.
4.4 Trademarks and Materials. The Affiliate may use the logos, graphics, images, texts and promotional materials provided by Pinex Capital (collectively, the „Materials“) only to promote the Evaluation Service within the limits of this Agreement. Own materials are permitted, provided they do not violate Clauses 4.1 to 4.3 or the intellectual property rights of third parties. Pinex Capital may at any time require the discontinuation of the use of specific Materials.
4.5 Disclosure Obligation. The Affiliate is required to clearly and conspicuously disclose its affiliate relationship with Pinex Capital in accordance with applicable advertising and disclosure rules (in particular in the area of influencer and paid-content disclosure), e.g. „Ad“, „Advertisement“, „#ad“, „Affiliate link“. The Affiliate is solely responsible for compliance with applicable local advertising, consumer protection, tax and other rules.
4.6 Pay-per-Click (PPC) and Paid Advertising. Paid search engine advertising (Google Ads, Microsoft Ads, Meta Ads, TikTok Ads, YouTube Ads, etc.) targeting or containing the brand names „Pinex“, „Pinex Capital“, „pinexcapital.com“ or variations thereof is not permitted without our prior written approval. Direct-linking campaigns leading directly to pinexcapital.com are likewise not permitted without our prior written approval.
4.7 Email, Messaging and Anti-Spam. The Affiliate must not send any unsolicited bulk communications (spam emails, mass DMs, automated newsgroup posts, cold calls outside applicable legal frameworks) to promote the Program. The Affiliate complies with all applicable email and telecommunications rules (in particular GDPR, ePrivacy, CAN-SPAM, local anti-spam laws).
4.8 Prohibited Platforms and Content. The Affiliate must not promote the Evaluation Service on or through any website, account or channel that:
(a) contains or promotes illegal activities;
(b) contains hate, violence, discrimination, sexually explicit content or content directed at minors;
(c) promotes gambling, money laundering, sanctions circumvention or financial fraud;
(d) uses addresses, newsletters or data obtained without effective consent of the recipients;
(e) specifically targets residents of Restricted Jurisdictions;
(f) is directed at persons under the age of eighteen (18).
4.9 Cookie and Tracking Rules. The Affiliate may set tracking cookies or comparable identifiers only after a clear and explicit user interaction (a click on a clearly marked Affiliate link, button or image). Pop-ups, pop-unders, iframes, invisible frames or comparable hidden mechanisms that set Affiliate cookies are not permitted.
4.10 Coupon, Discount and Cashback Promotion. The Affiliate must not promote any coupons, discount codes, cashback offers or comparable incentives that have not been expressly assigned to or pre-approved in writing by Pinex Capital. In particular, it is prohibited to:
(a) bid on generic terms such as „Pinex Capital coupon“, „Pinex Capital discount“ or variations thereof;
(b) pass back all or part of an Affiliate’s commission as a kickback, cashback or rebate to the referred person;
(c) create the impression that coupons are available without a valid coupon being assigned to the Affiliate;
(d) create bundle offers that suggest that the bundle partner is an authorised distribution partner of Pinex Capital, where this is not the case.
The supplementary offering of the Affiliate’s own bonuses (e.g. own trading course, own e-book) in addition to the Pinex Challenge is permitted, provided this does not create the impression of an official endorsement or co-operation by Pinex Capital.
- COMMISSIONS
5.1 Commission Basis. Commissions are owed exclusively for actually realised and fully paid purchase prices of the Evaluation Service that a qualifying end customer has concluded within the cookie lifetime following a valid click on an authorised Affiliate link of the Affiliate. Commission rates and cookie lifetime are published in the Affiliate dashboard and may be adjusted by Pinex Capital with effect for the future based on reasonable discretion.
5.2 „Active“. For a commission to become final, the referred account must, for at least thirty-one (31) calendar days from the date of payment of the Challenge Fee, (a) remain in existence, (b) not have been refunded, (c) not have been withdrawn from, (d) not have been reversed in the course of a chargeback or dispute, and (e) not have been closed due to KYC refusal, sanctions list match, duplicate registration, self-referral or breach of the GTC.
5.3 Exclusions. No commission accrues for:
(a) Orders that result in a withdrawal, refund or chargeback;
(b) Orders placed by the Affiliate itself, by an economically related beneficial owner, by a household member or by an economically related person (self-referral);
(c) Orders generated in breach of Clause 4;
(d) Orders generated by fraudulent tracking, manipulative cookie stuffing, fake clicks or other impermissible techniques;
(e) Orders from Restricted Jurisdictions;
(f) Add-Ons, Reward payouts, renewals, reset fees or other amounts, unless expressly designated as commissionable in the Affiliate dashboard.
5.4 Payout Timing and Form. Commissions are settled once per calendar month in the payout currency stated in the Affiliate dashboard (EUR or USD), subject to:
(a) the cut-off balance of the Affiliate amounting to at least USD 100 (or equivalent); and
(b) the Affiliate having submitted complete and correct payout and identification details in accordance with Clause 7.
If the minimum threshold is not met, the balance is carried over to the following month. Payouts are made by bank transfer or by another method offered in the Affiliate dashboard. Any bank, conversion or transaction fees on the recipient side are borne by the Affiliate.
5.5 Taxes. The Affiliate is solely responsible for the proper declaration and payment of all taxes, social contributions and other public charges payable in connection with the commission in its tax residency. All commissions are net amounts; any taxes legally due (e.g. sales tax, withholding tax, VAT) which Pinex Capital is required by applicable law to withhold or remit will be deducted from the gross amount. Upon request, the Affiliate shall provide the tax documents required for proper settlement (tax number, residency certificate, etc.).
5.6 Disputes. Objections to a settlement must be communicated to Pinex Capital in writing to affiliates@pinexcapital.com within thirty (30) calendar days of the settlement being made available. After expiry of this period, the settlement is deemed approved.
5.7 Set-Off and Clawback. Pinex Capital is entitled to retroactively offset cancellations, refunds, chargebacks, self-referrals or breaches discovered later against future commission entitlements. If the clawback amount exceeds the balance, Pinex Capital may reclaim the difference from the Affiliate.
- AFFILIATE LINKS AND TRACKING
6.1 The Affiliate uses exclusively the personal tracking links or coupon codes made available in the Affiliate dashboard. Manipulating, obfuscating or multi-assigning tracking parameters is prohibited.
6.2 Unless stated otherwise in the Affiliate dashboard, the cookie lifetime is sixty (60) calendar days from the last qualifying click. In case of multiple Affiliate clicks, last-click attribution applies.
6.3 Pinex Capital does not warrant the uninterrupted availability, accuracy or completeness of the tracking system. In case of demonstrated tracking errors, the liability of Pinex Capital is limited to compensation of the demonstrably lost commission; further damages claims are excluded.
- KYC, AML AND SANCTIONS COMPLIANCE
7.1 Pinex Capital is entitled, and where required by law obliged, to carry out identification, verification and AML checks before admission to or in the course of the Program. In particular, from a cumulative payout amount of USD 1,000 (or equivalent) onwards, and at any time upon request, the Affiliate shall provide the following documents:
(a) for natural persons: official photographic identity document, current proof of residence, bank account and tax evidence;
(b) for legal entities: current commercial register extract, shareholder and ultimate beneficial owner (UBO) evidence, identity documents of beneficial owners and authorised representatives, bank account, tax residency.
7.2 Where there is a suspicion of false, incomplete or falsified information, where requested documents are not provided, where there is a sanctions list match, or where there are other compliance-relevant risks, Pinex Capital may withhold payouts, suspend the Affiliate account and terminate this Agreement with immediate effect. Amounts already paid out may, in justified cases, be reclaimed.
7.3 The Affiliate represents that all payouts are made exclusively to accounts of which it (or the legal entity it represents) is the holder and which are not subject to sanctions.
- PERSONAL DATA AND DATA PROTECTION
8.1 Pinex Capital processes the personal data of the Affiliate and its representatives for the purposes of contract performance, KYC and AML compliance, commission settlement, and to fulfil statutory retention and disclosure obligations. Details are set out in the Privacy Policy applicable from time to time on the Website.
8.2 Insofar as the Affiliate processes personal data of third parties as part of its promotional activities (e.g. email lists, tracking, cookie consent), it acts as an independent controller within the meaning of the GDPR and other applicable data protection laws (e.g. UAE PDPL). The Affiliate ensures that there is a valid legal basis for each processing activity and that data subjects are properly informed.
8.3 Pinex Capital and the Affiliate undertake to make available to each other, upon request, the information required to fulfil their respective data protection obligations.
- TERMINATION AND SUSPENSION
9.1 This Agreement begins upon admission of the Affiliate to the Program and is concluded for an indefinite term. Either party may terminate this Agreement at any time without giving reasons, with a notice period of fourteen (14) calendar days, in writing (including by email).
9.2 Pinex Capital may suspend the Affiliate account or terminate this Agreement with immediate effect for cause, in particular for:
(a) inappropriate or misleading promotion (Clause 4);
(b) breach of the prohibited terms (Clause 4.2) or of the disclaimer obligation (Clause 4.1);
(c) spam, impermissible PPC activity or impermissible brand-name promotion;
(d) promotion on prohibited platforms (Clause 4.8);
(e) impermissible coupon or cashback behaviour (Clause 4.10);
(f) self-referral, tracking manipulation, cookie stuffing or other Affiliate fraud;
(g) infringement of intellectual property rights or breach of trademark or licence terms;
(h) breach of KYC, AML or sanctions rules (Clause 7);
(i) damage to the reputation of Pinex Capital or breach of the Pinex compliance strategy;
(j) breach of the GTC or the Pinex Trader Program Terms;
(k) without giving reasons, where Pinex Capital, acting on reasonable discretion, considers continuation of the cooperation no longer reasonable.
9.3 Consequences of Termination. Upon termination taking effect, the Affiliate’s right to use Materials, trademarks and tracking links lapses. The Affiliate shall remove all Materials within seven (7) calendar days. Commissions for amounts that qualified prior to termination and have become final under Clause 5 will be paid out under the regular settlement cycle; commission entitlements arising from breaches of this Agreement are forfeited without compensation.
9.4 Pinex Capital is not obliged to pay the Affiliate any compensation in the event of termination or suspension.
- LIABILITY, INDEMNIFICATION AND WARRANTIES
10.1 Pinex Capital is not liable for indirect, consequential or incidental damages (in particular lost commissions, lost business opportunities, data loss, reputational damage) resulting from tracking errors, Program interruptions, technical defects or the consequences of a justified suspension.
10.2 Pinex Capital makes no express or implied warranties as to the Program, the availability of the Website, the conversion rates or the level of any commissions. Pinex Capital does not warrant that the Program or the Website will operate error-free or without interruption.
10.3 Insofar as liability of Pinex Capital cannot be excluded under applicable law, such liability is limited to the amount of commissions actually paid out to the Affiliate during the twelve (12) months prior to the event giving rise to the damage.
10.4 Indemnification. The Affiliate shall indemnify, hold harmless and, at our option, defend Pinex Capital and its affiliated entities, officers, directors, employees, licensees, successors and assignees from and against any and all liabilities, damages, fines, penalties, judgments, claims, costs and expenses (including reasonable attorneys‘ fees and costs) arising out of or in connection with:
(a) any breach of this Agreement by the Affiliate;
(b) any breach of applicable laws or third-party rights by the Affiliate (in particular advertising, data protection, trademark, consumer protection or regulatory law);
(c) any false, misleading, negligent or wilful statement by the Affiliate concerning Pinex Capital, its services or its regulatory status;
(d) any failure to disclose the Affiliate relationship pursuant to Clause 4.5; or
(e) any failure of the Affiliate to comply with KYC, AML or sanctions requirements.
- CONFIDENTIALITY
11.1 The Affiliate shall treat any non-public information received in connection with this Agreement (in particular commission rates, coupon codes, planned promotions, statistics, compliance requirements, technical specifications) as strictly confidential and use it exclusively for the purpose of performing this Agreement.
11.2 This obligation continues for three (3) years following the end of this Agreement. It does not apply to information that is demonstrably publicly known, was already known to the Affiliate prior to disclosure, was lawfully made available to it by third parties, or whose disclosure is required by law or by a competent authority.
- CHANGES TO THIS AGREEMENT
12.1 Pinex Capital may update this Agreement from time to time (each such change a „Modification“). We will notify you of any Modification at least seven (7) calendar days before its effective date, via the Affiliate dashboard or by email. Your continued participation in the Program after the effective date will constitute acceptance of the Modification.
12.2 If you do not agree with a Modification, you may reject it by email to affiliates@pinexcapital.com no later than the last business day before the changes take effect. In such case, this Agreement will automatically terminate as of the effective date of the Modification.
12.3 Modifications may, in particular, be made to adapt to legal or regulatory requirements, to introduce new functionality, to clarify existing terms or to respond to operational developments.
- GENERAL PROVISIONS
13.1 Governing Law. This Agreement, including any contractual or non-contractual obligations arising out of or in connection with it, is governed by the federal laws of the United Arab Emirates and the laws of the Emirate of Dubai applicable therein, without giving effect to any conflict-of-law principles.
13.2 Jurisdiction. The parties agree that any dispute arising out of or in connection with this Agreement (including a dispute relating to the existence, validity or termination of this Agreement) shall be referred to and finally resolved by the courts of the Dubai International Financial Centre (DIFC), which shall have exclusive jurisdiction (opt-in pursuant to Dubai Law No. 12 of 2004 as amended). Mandatory consumer protection provisions in the country of the Affiliate’s habitual residence remain unaffected.
13.3 Language. This Agreement is made available in English and German. In case of discrepancies between the language versions, the English version shall prevail.
13.4 Form and Electronic Signature. This Agreement is an electronic contract. By completing the application process and ticking the corresponding confirmation, the Affiliate expressly agrees to the entire Agreement. This action creates an electronic signature with the same legal force and effect as a handwritten signature.
13.5 Severability. If any provision of this Agreement is or becomes wholly or partially void, invalid, ineffective or unenforceable, the validity of the remaining provisions shall not be affected. The void provision shall be replaced by a provision that comes closest to the commercial intent of the parties and that is valid, effective and enforceable.
13.6 Assignment. Pinex Capital is entitled to assign or transfer its rights and obligations under this Agreement, in whole or in part, to third parties. The Affiliate may assign or transfer its rights and obligations under this Agreement only with our prior written consent.
13.7 Force Majeure. Pinex Capital shall not be liable for any delay or failure to perform to the extent caused by circumstances beyond its reasonable control (force majeure, natural events, pandemics, war, cyberattacks, governmental orders, third-party outages, etc.).
13.8 Notices. All notices under this Agreement shall be made electronically via the Affiliate dashboard or by email to the addresses on file. A notice shall be deemed received upon being sent to the most recently notified email address or upon being posted in the Affiliate dashboard.
Effective as of: 27 April 2026
Pinex Software Solutions L.L.C-FZ
Meydan Grandstand, 6th Floor, Meydan Road, Nad Al Sheba, Dubai, United Arab Emirates
License Number: 2643553.01
Email: support@pinexcapital.com
Website: www.pinexcapital.com
By completing the application process, you confirm that you have read, understood and accepted this Agreement.