This Agreement governs your participation in any Bao Trader evaluation program, simulated trading challenge, instant funded simulation program, tournament, performance-based reward program, or any other participation-based simulated trading service made available by the Company through its website, platform, or associated systems (collectively, the "Program").
By clicking to accept, registering, purchasing, activating an account, accessing the Program, using any Program-related service, or otherwise participating in the Program, you acknowledge that:
If you do not agree to this Agreement, you must not purchase, access, activate, or participate in the Program.
This Agreement shall be read together with the following documents, each of which forms part of the contractual framework between you and the Company:
To the extent of any conflict between the Terms of Service and this Agreement, this Agreement shall prevail with respect to the Program.
To the extent of any conflict between this Agreement and any product-specific rules expressly designated by the Company as supplementary Program Rules, the supplementary Program Rules shall prevail solely with respect to the specific product or account type to which they apply.
Your participation in the Program creates a limited contractual relationship for access to:
For the avoidance of doubt, nothing in this Agreement shall be interpreted as creating any of the following relationships between you and the Company:
The Program is offered strictly as a simulated trading evaluation, educational, and skill-assessment service.
The Company does not, under this Agreement or otherwise in connection with the Program:
Your enrollment, purchase, participation, progression, or apparent success within the Program does not create or guarantee:
The Program is personal to the Participant and approved by the Company.
You may not:
Any suspected delegation, outsourcing, pass-through use, nominee participation, account sharing, or third-party operation may result in immediate suspension or termination.
The Company reserves the absolute right, at any time and in its sole discretion, to:
No person has a right to be admitted to, remain in, or continue within the Program except as expressly permitted by the Company.
Any fee paid by you in connection with the Program is paid solely for access to the simulated evaluation environment, related educational services, and Program administration.
No fee paid under this Agreement shall be construed as:
The provisions of this Chapter, including without limitation the clauses relating to the nature of the Program, absence of regulated financial services, absence of client funds, absence of fiduciary relationship, and absence of guaranteed benefit, shall survive suspension, termination, expiration, cancellation, dispute, or rescission of this Agreement to the fullest extent permitted by law.
The Program is designed exclusively as a trader evaluation, simulation, and educational service.
The purpose of the Program is to provide Participants with access to a simulated trading environment through which their trading discipline, risk management, and strategy execution may be evaluated according to predetermined rules.
The Program does not constitute an investment service, trading service, or financial product.
Participation in the Program should be understood as participation in a skill-assessment and simulated market environment, not as participation in financial markets.
All trading activity conducted within the Program takes place exclusively within a simulated trading environment.
Orders placed within the Platform:
Any trading balances, profits, losses, equity curves, or account values displayed within the Platform are purely hypothetical and simulated.
Such values exist solely for the purpose of evaluating Participant performance within the Program.
Simulated accounts do not represent:
Participants do not trade in live financial markets through the Platform.
The Company does not provide Participants with:
Participants acknowledge that no trade executed within the Program results in any real market transaction.
Performance results displayed within the simulated environment are hypothetical.
Hypothetical performance has inherent limitations and should not be interpreted as indicative of real trading results.
Simulated trading results may differ significantly from real-world trading due to factors including but not limited to:
Accordingly, simulated trading performance should not be relied upon as a predictor of future performance in real financial markets.
Nothing within the Program, Platform, Content, or Services provided by the Company constitutes:
The Company does not recommend, endorse, or advise Participants regarding the purchase, sale, or holding of any financial instrument.
All trading decisions made by Participants within the simulated environment are made independently by the Participant.
The Company does not accept, hold, or manage funds from Participants for the purpose of trading.
Participants do not deposit funds for trading purposes.
Any payments made by Participants represent fees paid for access to the Program, including access to the simulated trading environment and related services.
Such fees are not:
Participants retain no financial claim over any simulated capital displayed within the Program.
In certain circumstances, Participants who successfully complete program requirements may become eligible for performance-based rewards.
Performance rewards are:
Performance rewards do not represent:
Eligibility for any reward does not create a legal entitlement until such reward has been reviewed, approved, and authorized by the Company.
The Company may, at its sole discretion, internally replicate or mirror certain simulated trades using the Company's own capital.
Such activity, if undertaken, is performed solely for the Company's internal purposes.
Any mirroring conducted by the Company:
Participants have no right, claim, or entitlement to any results generated from such internal trading activity.
Nothing contained within the Program or this Agreement creates any fiduciary duty owed by the Company to the Participant.
The Company does not act as:
Participants acknowledge that the Company's role is limited to providing access to the Program and evaluating simulated trading performance according to established Program rules.
Participation in the Program does not guarantee:
Many Participants will not successfully complete the Program or qualify for performance rewards.
Participants should not rely on the Program as a source of income.
Participants are solely responsible for:
The Company does not assume responsibility for any losses incurred by Participants in real-world trading conducted outside the Platform.
By participating in the Program, the Participant acknowledges and agrees that:
Participants further acknowledge that these disclosures constitute fundamental contractual representations forming the basis of this Agreement.
For purposes of this Agreement, the following capitalized terms shall have the meanings set forth below. These definitions apply throughout this Agreement, the Program Rules, and any related documentation unless expressly stated otherwise.
The Program consists of simulated trading environments designed to evaluate Participant trading performance, discipline, and risk management in accordance with predefined Program Rules.
Participants may access one or more Program structures offered by the Company, which may include:
Each Program structure operates exclusively within the simulated trading environment described in this Agreement.
Participation in any Program structure does not constitute trading in real financial markets.
Participation in the Program requires:
Upon successful enrollment, the Participant will be granted access to a Simulated Account corresponding to the selected Program structure.
The Company reserves the right to approve, reject, or delay any Program enrollment request.
Unless otherwise specified by the Company, participation in the Program is valid for a maximum duration of twelve (12) months from the date of account activation.
The Company may establish shorter or longer evaluation periods depending on the specific product in the Program.
The Company may terminate Program participation earlier in the event of:
A Simulated Account is considered activated when the Participant receives access credentials and the account becomes accessible within the Platform.
The activation date marks the beginning of the Participant's Program participation period.
Participants are responsible for accessing and managing their Simulated Accounts once activation occurs.
The Company is not responsible for delays caused by:
The Program may include multiple account structures, including but not limited to:
a) Challenge Accounts
Challenge Accounts are evaluation-based Simulated Accounts in which Participants must meet predefined trading objectives, including:
Successful completion of a Challenge Account may allow the Participant to advance within the Program according to the applicable Program Rules.
b) Instant Funded Accounts
Instant Funded Accounts provide Participants with immediate access to a Simulated Account designated as eligible for Performance Reward evaluation.
Participants operating Instant Funded Accounts must comply with all risk management and trading rules established by the Program.
Instant Funded Accounts remain simulated accounts and do not represent real capital allocation.
c) Live Simulated Accounts
Live Simulated Accounts are Simulated Accounts designated by the Company as eligible for Performance Reward consideration.
These accounts operate under strict risk management parameters and are subject to ongoing performance monitoring.
The term "Live" refers solely to reward eligibility and does not indicate participation in real financial markets.
Advancement within the Program may occur when a Participant successfully meets the criteria established for a specific Program stage.
Advancement may include:
Advancement is subject to verification by the Company and may require:
The Company retains full discretion to approve or deny advancement where Program integrity concerns exist.
The Company may offer Program features allowing for simulated account scaling, account balance adjustments, or additional Program opportunities based on Participant performance.
Such features may include:
All such features remain subject to Program Rules and the Company's discretion.
Participants have no contractual right to scaling benefits unless expressly granted by the Company.
Certain Program structures may allow Participants to reset or restart a Challenge Account upon payment of a new Program fee.
Reset availability, conditions, and limitations shall be determined by the Company and communicated through Program Rules.
A reset does not erase any prior breach history maintained by the Company for internal risk monitoring.
Simulated Accounts remain the exclusive property of the Company at all times.
Participants are granted a limited right to access and operate the Simulated Account solely for the purposes of participating in the Program.
Participants acquire no ownership interest in:
The Company reserves the right to modify Program structures, account types, or operational rules in order to maintain Program integrity, operational efficiency, or compliance with applicable laws.
Such modifications may include:
Any modifications shall be communicated through the Platform or official Company channels.
Participation in any Program stage does not guarantee advancement to subsequent stages.
The Company retains sole discretion to determine whether a Participant has successfully met Program requirements.
Advancement may be denied where the Company reasonably determines that:
Participants must comply at all times with the trading rules and risk management parameters established by the Program.
These rules are designed to ensure that trading activity within the simulated environment reflects responsible trading behavior and does not undermine the integrity of the evaluation process.
Failure to comply with any trading rule may constitute a Program Breach and may result in enforcement actions including, but not limited to:
Participants must not exceed the Maximum Relative Drawdown limit applicable to their Simulated Account.
Maximum Relative Drawdown represents the maximum allowable reduction in Account Equity relative to the highest equity value previously achieved.
If the Account Equity falls below the permitted drawdown threshold at any time, the account shall be considered breached, and the Program participation for that account may be terminated.
Drawdown calculations are performed automatically by the Platform and are final.
Participants must not expose more than two percent (2%) of Account Equity to risk on any individual trade.
Risk exposure is calculated based on the difference between the trade entry price and the stop-loss level at the time the trade is executed.
Participants are responsible for ensuring that appropriate risk management practices are implemented before executing any trade.
Failure to comply with the risk limitation may result in enforcement actions as determined by the Company.
Each trade executed within the Simulated Account must include a defined stop-loss order at the time of trade execution.
The stop-loss must be placed immediately upon opening the position and must reflect a reasonable risk management approach consistent with the Program's rules.
Failure to use a stop-loss order may constitute a violation of the Program's risk management standards.
Participants must maintain a minimum level of trading activity within their Simulated Accounts.
Unless otherwise specified by the Program Rules, Participants must execute at least five (5) trades during each Performance Reward Cycle.
This requirement ensures that reward eligibility is based on consistent trading activity rather than isolated trades.
The Company may modify minimum activity requirements for specific Program products.
A Simulated Account shall be considered inactive if no trades are executed for a period of ten (10) consecutive calendar days.
Inactivity may result in:
The Company may, at its discretion, waive inactivity enforcement due to technical issues or other exceptional circumstances.
Participants may maintain only one open position per instrument at any given time unless otherwise permitted by the Platform.
Opening multiple positions in the same instrument in order to circumvent risk limits or drawdown calculations is prohibited.
Where the Platform supports position netting, opposing positions may be automatically consolidated.
Participants remain responsible for managing their risk exposure at all times.
To ensure that trading results reflect consistent trading performance rather than isolated events, the Program applies a Consistency Rule.
Under this rule, the profit generated during any single Trading Day may not exceed twenty percent (20%) of the total simulated profit achieved during the Performance Reward Cycle.
If this threshold is exceeded, the Company may determine that the trading performance does not meet the consistency standards required for reward eligibility.
In such cases, additional trading activity may be required before reward eligibility is granted.
Participants acknowledge that simulated trading conditions may differ from real-world market conditions.
The Platform may simulate various market behaviors, including:
The Company does not guarantee that simulated market conditions replicate real-world market conditions.
Participants are responsible for adapting their strategies accordingly.
Trading may only occur during the hours permitted by the Platform.
The Company may impose restrictions on trading during certain periods, including but not limited to:
Participants must comply with all trading-hour restrictions communicated through the Platform.
The Company continuously monitors trading activity within the Platform to ensure compliance with Program Rules.
Monitoring methods may include:
Participants acknowledge that such monitoring is necessary to maintain the integrity of the Program.
The Company retains sole authority to interpret and apply the trading rules contained in this Agreement and any associated Program Rules.
In the event of any ambiguity regarding rule interpretation, the Company's determination shall prevail unless otherwise required by applicable law.
Participants must not engage in any trading activity, behavior, or technical action intended to exploit, manipulate, or otherwise abuse the simulated trading environment or the Program structure.
Any activity that undermines the fairness, integrity, or intended purpose of the Program may constitute Platform Abuse.
The Company reserves the right to investigate and take enforcement action against any activity it reasonably determines to be abusive, manipulative, or inconsistent with the Program's objectives.
Participants are strictly prohibited from engaging in latency arbitrage or any strategy designed to exploit delays between market data feeds and order execution.
This includes, but is not limited to:
Latency arbitrage is considered a serious breach of Program integrity.
Participants must not attempt to exploit inaccuracies, delays, or irregularities in the simulated price feed.
Prohibited conduct includes:
Where the Company determines that a Participant has attempted to exploit such conditions, the account may be terminated.
Participants may not coordinate trading activity with other individuals or groups in order to manipulate Program outcomes.
Prohibited conduct includes:
The Company reserves the right to investigate suspicious correlations between accounts.
Participants may not create or operate multiple accounts in order to circumvent Program rules.
Multi-accounting includes, but is not limited to:
The Company may consolidate accounts or terminate accounts where multi-accounting is suspected.
Program participation must be conducted exclusively by the registered Participant.
Participants must not:
Any evidence that an account is being operated by a third party may result in immediate account termination.
Unless explicitly permitted by the Program Rules, Participants may not use:
The Company may monitor order patterns to detect automated behavior.
The use of prohibited automation tools may result in immediate enforcement action.
Participants may not rely on external signal services for the purpose of passing Program evaluations.
Prohibited conduct includes:
The Program is intended to evaluate the Participant's own trading ability.
Participants are strictly prohibited from using third-party services designed to pass evaluation programs.
This includes services offering:
Accounts found to be associated with such services may be permanently banned from the Program.
Participants must not engage in trading behavior designed solely to manipulate Program metrics rather than reflect genuine trading activity.
Examples include:
The Company may review trading activity patterns and determine whether such behavior constitutes abuse.
Participants may not use anonymization technologies for the purpose of circumventing Platform monitoring systems.
This includes:
The Company may monitor IP addresses, device fingerprints, and login patterns to detect suspicious behavior.
Participants must not attempt to interfere with or manipulate the Platform.
Prohibited conduct includes:
Any attempt to compromise platform security may result in permanent suspension and potential legal action.
The Company reserves the right to investigate any activity suspected of violating this Agreement.
Investigations may involve:
Participants agree to cooperate with any such investigation.
Failure to cooperate may result in account suspension.
Where the Company determines that a violation has occurred, the Company may take any enforcement action it deems appropriate.
Such actions may include:
The Company's decision regarding enforcement shall be final.
Participants operating a Live Simulated Account may become eligible for Performance Rewards based on simulated trading performance achieved within the Platform.
Eligibility for Performance Rewards is strictly conditional upon:
Eligibility does not create an automatic right to receive payment.
Performance Rewards represent discretionary payments issued by the Company in recognition of simulated trading performance achieved within the Program.
Performance Rewards do not constitute:
Participants acknowledge that simulated profits displayed within the Platform are not financial assets and do not create ownership rights.
Performance Rewards may be calculated based on Eligible Profit generated within the Participant's Live Simulated Account.
The calculation of Eligible Profit may take into account:
The Company reserves the right to exclude certain trading activity from reward calculations if such activity is determined to be inconsistent with Program objectives.
Unless otherwise specified by the Program Rules, Participants may become eligible to request their first Performance Reward seventeen (17) days after activation of the Live Simulated Account.
This period includes a compliance buffer designed to allow the Company to verify trading behavior and Participant identity.
The Company may extend the verification period where additional review is required.
Following the first reward eligibility date, Performance Reward requests may generally be submitted on a recurring fourteen (14) day cycle, unless otherwise specified by the Company.
The Company may modify reward cycle durations for specific Program products.
Participants must comply with all Program requirements during each reward cycle in order to remain eligible.
For certain Program structures, including Instant Funded Accounts, Performance Rewards may be subject to payout limits.
Unless otherwise specified by the Program Rules, the maximum monthly reward may not exceed six percent (6%) of the Simulated Account starting balance.
The Company may modify payout caps or introduce additional limitations for specific Program products.
Participants must submit a reward request through the Platform in accordance with the procedures established by the Company.
A reward request may require the Participant to provide:
Incomplete or inaccurate submissions may delay or invalidate reward requests.
All reward requests are subject to a compliance review process.
The review may include:
The Company reserves the right to delay reward approval pending completion of any compliance review.
The Company may temporarily withhold reward payments where:
Withholding of rewards during investigation does not constitute a breach of this Agreement.
The Company may deny a reward request if it determines that:
Where a reward request is denied, the Company may terminate the associated account.
The Company reserves the right to reclaim or offset previously issued rewards if it subsequently determines that:
Clawback rights shall survive termination of this Agreement.
Approved Performance Rewards may be paid through payment methods determined by the Company, which may include:
Participants are responsible for providing accurate payment information.
Participants are solely responsible for any tax obligations arising from Performance Rewards received.
The Company does not provide tax advice and does not assume responsibility for the Participant's tax reporting obligations.
Participants may be required to provide tax documentation where required by applicable law.
Once approved, reward payments are typically processed within forty-eight (48) to ninety-six (96) hours.
Processing times may vary depending on:
The Company shall not be liable for delays caused by third-party payment providers.
Participants may lose reward eligibility if:
Loss of reward eligibility may occur even if simulated profits are displayed within the Platform.
The Company retains sole authority to determine:
Such determinations shall be final unless otherwise required by applicable law.
In order to maintain the integrity of the Program and comply with applicable legal and regulatory requirements, the Company may require Participants to complete identity verification procedures ("Know Your Customer" or KYC).
Such procedures may include the submission of:
The Company reserves the right to refuse access to the Program or suspend any Account if the Participant fails to complete the required verification procedures.
The Company may require additional verification procedures at any time during the Participant's involvement in the Program.
Such verification may be requested:
Participants must cooperate fully with any such verification request.
Failure to do so may result in suspension or termination of the Account.
The Company may use biometric verification technologies for identity confirmation purposes.
Such verification may include:
Biometric data collected during verification processes shall be used solely for identity verification and fraud prevention purposes.
The Company may monitor the devices used to access the Platform in order to detect suspicious behavior.
Monitoring methods may include:
This information is used solely to protect the integrity of the Platform and prevent unauthorized access.
The Company may record and analyze IP addresses used to access the Platform.
IP monitoring may be used to detect:
Participants acknowledge that such monitoring is necessary for fraud prevention and platform security.
The Company may analyze Participant behavior in order to identify patterns indicative of platform abuse.
Such analysis may include:
Behavioral analysis may be conducted through automated systems or manual review by compliance personnel.
The Company reserves the right to investigate any activity that it reasonably suspects may constitute:
Investigations may include:
Participants agree to cooperate with any such investigation.
Where suspicious activity is detected, the Company may temporarily suspend the Participant's Account pending completion of an investigation.
During such suspension:
Suspension during investigation does not constitute a breach of this Agreement.
Participants must not be located in or operate from jurisdictions subject to economic sanctions or legal restrictions that prohibit participation in the Program.
The Company reserves the right to deny or terminate participation where required by applicable sanctions laws or compliance policies.
Participants may be required to provide information necessary to verify compliance with such restrictions.
Information collected during verification and monitoring processes may be processed for purposes including:
Such processing shall be conducted in accordance with the Company's Privacy Policy.
Participants agree to cooperate fully with any compliance or verification procedures conducted by the Company.
Failure to cooperate with reasonable requests for information may result in:
The Company retains sole authority to determine whether verification and compliance requirements have been satisfied.
Where the Company determines that verification requirements have not been met, participation in the Program may be denied or terminated.
Participation in the Program requires payment of the applicable Program fee.
Program fees represent payment solely for:
Program fees do not represent:
All Program fees must be paid in full prior to account activation unless otherwise specified by the Company.
The Company reserves the right to modify Program pricing at any time.
Price changes may apply to:
Price changes do not affect Program fees already paid for active accounts.
Unless expressly stated otherwise by the Company, all Program fees are non-refundable.
Once a Participant has received access to the Platform or activated a Simulated Account, the Program fee shall be considered fully earned by the Company.
Participants acknowledge that the Program involves immediate access to proprietary systems and services and therefore refunds are not available after activation.
In exceptional circumstances, the Company may grant refunds at its sole discretion.
Such circumstances may include:
Refund decisions made by the Company are final.
Program fees may be paid using payment methods supported by the Platform.
Accepted payment methods may include:
The Company reserves the right to change accepted payment methods at any time.
Participants are responsible for ensuring that payment information provided to the Company is accurate and valid.
The Company shall not be responsible for failed payments resulting from:
Participants may be required to verify payment information before account activation.
Initiating a chargeback without legitimate cause after accessing and using the Program constitutes a violation of this Agreement.
Participants acknowledge that initiating a chargeback after receiving Program access may be considered fraudulent dispute activity.
Legitimate chargeback claims are limited to situations involving:
Chargebacks initiated after a Participant has accessed the Platform, executed trades, or otherwise used the Program will be contested by the Company.
In the event of an unjustified chargeback, the Company reserves the right to:
The Company may also block the Participant from accessing future Programs.
Where a chargeback is determined to be fraudulent or unjustified, the Company may pursue recovery of all associated losses.
Such losses may include:
Participants agree to reimburse the Company for such costs where applicable.
Participants agree to contact the Company's support team prior to initiating any chargeback or payment dispute.
The Company will make reasonable efforts to resolve any legitimate concerns raised by Participants.
Failure to attempt resolution through the Company's support process may be considered evidence of an unjustified dispute.
The Company reserves the right to implement fraud detection systems to identify suspicious payment activity.
Such systems may include:
Transactions flagged as potentially fraudulent may be delayed or cancelled.
Program fees may be displayed in various currencies.
Where currency conversion occurs, the exchange rate applied may be determined by the payment processor.
The Company shall not be responsible for fluctuations in currency exchange rates.
Participants are responsible for any taxes that may apply to Program fees in their jurisdiction.
The Company may collect applicable taxes where required by law.
Participants remain responsible for complying with their local tax obligations.
All rights, title, and interest in and to the Platform, including all software, systems, databases, algorithms, trading simulation engines, dashboards, interfaces, and related infrastructure, are the exclusive property of the Company or its licensors.
Nothing contained in this Agreement shall transfer any ownership rights to the Participant.
Participants are granted only a limited, revocable, non-transferable right to access and use the Platform solely for the purpose of participating in the Program.
All intellectual property associated with the Platform and the Program is owned by the Company or its licensors.
This includes, but is not limited to:
Participants may not reproduce, distribute, modify, publish, or create derivative works based on any part of the Platform without prior written consent from the Company.
The methodologies used by the Company to evaluate simulated trading performance constitute proprietary business processes.
These methodologies may include:
Participants acknowledge that these systems are confidential and proprietary.
Participants agree not to attempt to analyze, replicate, reverse engineer, or otherwise derive such methodologies.
Participants may obtain access to confidential information during their participation in the Program.
Confidential Information may include:
Participants agree to maintain the confidentiality of such information and not disclose it to any third party without the Company's prior written consent.
Participants are strictly prohibited from attempting to reverse engineer, decompile, disassemble, or otherwise analyze the technical structure of the Platform.
This prohibition includes attempts to:
Any such attempt may result in immediate termination of Program participation.
Participants may not use automated tools or manual processes to collect or extract data from the Platform.
Prohibited activities include:
Unauthorized data extraction may result in legal action.
Participants must not engage in any activity that could interfere with the normal operation of the Platform.
This includes attempts to:
Any attempt to compromise platform integrity may result in permanent termination and potential legal action.
Participants may submit information to the Platform, including:
Participants grant the Company a non-exclusive license to use such information for purposes including:
Participants represent that any information provided is accurate and does not violate the rights of third parties.
Participants agree not to make false or defamatory statements regarding the Company, the Platform, or its personnel.
Nothing in this clause prevents Participants from expressing legitimate opinions or raising lawful complaints.
However, knowingly false statements intended to harm the reputation of the Company may constitute a breach of this Agreement.
The confidentiality and intellectual property obligations contained in this Chapter shall survive termination of this Agreement.
Participants remain bound by these obligations indefinitely following termination of Program participation.
A Breach occurs when a Participant violates any provision of this Agreement, the Terms of Service, or any applicable Program Rules.
Examples of Breach include, but are not limited to:
A Breach may result in enforcement actions as described in this Chapter.
The Company reserves the right to immediately suspend any Participant Account where it reasonably believes that:
During suspension:
Suspension does not constitute termination of this Agreement.
Where an Account has been suspended for investigation, the Company may conduct a review of the Participant's activity.
The investigation may include:
Participants agree to cooperate with any investigation conducted by the Company.
Failure to cooperate may result in termination of participation in the Program.
The Company may terminate a Participant's Account at any time, including but not limited to the following circumstances:
Termination may occur with or without prior notice.
Participants may terminate their participation in the Program at any time by providing written notice to the Company.
Such termination does not entitle the Participant to any refund of Program fees already paid.
Termination by the Participant does not affect any obligations arising prior to termination.
Where a Simulated Account is determined to be breached due to violation of Program rules:
The Company may allow the Participant to restart the Program by purchasing a new account, subject to the Company's discretion.
If an Account is terminated due to Breach, any simulated profits generated within that account shall be considered invalid for purposes of reward eligibility.
Participants acknowledge that simulated profits do not constitute financial assets and may be cancelled upon termination of the account.
In cases involving serious violations, including but not limited to fraud, platform manipulation, or multi-accounting, the Company may impose permanent suspension from future participation in the Program.
Permanent suspension may include:
Termination of participation in the Program does not affect obligations that, by their nature, survive termination.
Such obligations include, but are not limited to:
The Company retains sole authority to determine whether a breach of this Agreement has occurred.
Where the Company reasonably determines that a breach has occurred, it may take any enforcement action necessary to protect the integrity of the Program.
Such determinations shall be final unless otherwise required by applicable law.
The Platform, Program, and all associated services are provided on an "as is" and "as available" basis.
The Company makes no warranties or representations, express or implied, regarding:
Participants acknowledge that use of the Platform involves inherent technological risks.
The Company does not guarantee:
Simulated trading performance does not guarantee future results in actual financial markets.
Participants assume full responsibility for any decisions made based on their experience within the Program.
The Company shall not be liable for any losses, damages, or claims arising from:
Participants acknowledge that the simulated environment is designed solely for evaluation purposes.
The Company shall not be liable for interruptions to the Platform caused by:
The Company may temporarily suspend Platform access to perform maintenance or address technical issues.
To the maximum extent permitted by applicable law, the Company's total liability arising out of or relating to this Agreement shall not exceed the total Program fees paid by the Participant during the twelve (12) months preceding the claim.
This limitation applies regardless of the legal theory under which the claim is brought.
To the fullest extent permitted by law, the Company shall not be liable for any:
This limitation applies even if the Company has been advised of the possibility of such damages.
The Company shall not be responsible for any financial losses incurred by Participants in real-world trading conducted outside the Platform.
Participation in the Program does not constitute financial advice or investment guidance.
Participants are solely responsible for any trading activities conducted in real financial markets.
The Platform may rely on third-party service providers, including:
The Company shall not be liable for failures or disruptions caused by such third-party services.
The Company shall not be liable for failure or delay in performing its obligations under this Agreement due to events beyond its reasonable control.
Such events may include:
During such events, the Company may suspend the operation of the Program until normal operations can resume.
By participating in the Program, Participants acknowledge and agree that:
Participants further acknowledge that these disclaimers and limitations form an essential part of this Agreement.
This Agreement and any dispute arising out of or related to it shall be governed by and construed in accordance with the laws of Hong Kong, without regard to its conflict of laws principles.
Participants acknowledge that the choice of governing law provides predictability and consistency in the interpretation and enforcement of this Agreement.
Before initiating any formal dispute resolution procedure, the Participant agrees to attempt to resolve the dispute directly with the Company.
Participants must first submit a written notice describing the dispute to the Company's support or legal contact address.
The Company and the Participant shall make reasonable efforts to resolve the dispute in good faith within thirty (30) calendar days of the written notice.
If a dispute cannot be resolved through good faith negotiations, the dispute shall be resolved exclusively by binding arbitration.
The arbitration shall be administered by the Hong Kong International Arbitration Centre (HKIAC) in accordance with its then-current arbitration rules.
The seat of arbitration shall be Hong Kong.
The arbitration proceedings shall be conducted in English.
The arbitration shall be conducted before a single arbitrator, unless the HKIAC rules require otherwise.
The arbitrator shall have the authority to determine:
The arbitrator's decision shall be final and binding upon both parties.
Judgment upon the arbitration award may be entered in any court having jurisdiction.
By agreeing to this Agreement, Participants waive the right to resolve disputes in court, except where arbitration clauses are deemed unenforceable under applicable law.
Participants also waive the right to a trial by jury to the fullest extent permitted by law.
Participants agree that any dispute shall be resolved on an individual basis only.
Participants waive the right to participate in:
No arbitration or dispute may be consolidated with claims brought by other Participants.
To the maximum extent permitted by law, any claim arising out of or relating to this Agreement must be submitted within one (1) year from the date on which the claim arose.
Claims submitted after this period may be permanently barred.
Notwithstanding the arbitration provisions of this Chapter, the Company may seek injunctive or equitable relief in any court of competent jurisdiction where necessary to protect:
Unless otherwise determined by the arbitrator, each party shall bear its own legal fees and costs associated with the arbitration.
Administrative and arbitrator fees shall be allocated according to the applicable HKIAC rules.
The Company reserves the right to amend or modify this Agreement at any time.
Any modifications shall become effective upon publication on the Company's website or Platform, unless otherwise stated.
Participants are responsible for periodically reviewing the Agreement.
Continued participation in the Program following the publication of amendments constitutes acceptance of the updated terms.
Nothing in this Agreement shall be construed to create any form of partnership, joint venture, employment relationship, or agency relationship between the Company and the Participant.
Participants acknowledge that they act solely as independent users of the Program.
Participation in the Program does not establish any employment, contractor, or fiduciary relationship with the Company.
The Company may assign or transfer its rights and obligations under this Agreement to any affiliate, successor, or third party without prior notice to Participants.
Participants may not assign, transfer, or delegate any rights or obligations under this Agreement without the prior written consent of the Company.
Any unauthorized assignment by a Participant shall be considered void.
If any provision of this Agreement is determined by a court or arbitrator to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect.
The invalid provision shall be interpreted or modified to the minimum extent necessary to make it enforceable while preserving the intent of the original provision.
Failure by the Company to enforce any provision of this Agreement shall not constitute a waiver of that provision or of any other provision.
Any waiver of rights must be made in writing and signed by an authorized representative of the Company.
A waiver of one breach shall not constitute a waiver of any subsequent breach.
All legal notices under this Agreement must be provided in writing.
Participants may deliver notices to the Company through the contact channels provided on the Platform.
The Company may deliver notices to Participants via:
Electronic communications shall be considered legally valid notice.
Participants acknowledge that acceptance of this Agreement may occur through electronic means.
By clicking "Accept," registering an account, or accessing the Platform, the Participant confirms that they have read, understood, and agreed to be bound by this Agreement.
Electronic acceptance shall have the same legal effect as a physical signature.
Certain provisions of this Agreement shall survive termination of participation in the Program.
Such provisions include, but are not limited to:
These provisions shall remain binding after termination of this Agreement.
This Agreement, together with the Company's Terms of Service, Privacy Policy, and any Program Rules incorporated by reference, constitutes the entire agreement between the Participant and the Company concerning participation in the Program.
This Agreement supersedes all prior or contemporaneous communications, discussions, negotiations, representations, or agreements, whether written or oral, relating to the subject matter hereof.
Participants acknowledge that they have not relied upon any representations, promises, or statements other than those expressly contained in this Agreement.
Participants acknowledge that statements made through:
do not constitute contractual commitments unless expressly included in this Agreement or in the Company's official Program documentation.
In the event of any inconsistency between documents governing participation in the Program, the following order of precedence shall apply:
To the extent of any conflict, the document with higher precedence shall control.
By accepting this Agreement, the Participant represents and warrants that:
Participants further confirm that they enter into this Agreement voluntarily and without coercion.
Acceptance of this Agreement may occur through electronic means, including but not limited to:
Such actions shall constitute legally binding acceptance of this Agreement.
Electronic acceptance shall have the same legal force and effect as a handwritten signature.
This Agreement becomes effective on the date the Participant first accepts the Agreement through the Platform or otherwise enrolls in the Program.
Participation in the Program after such acceptance constitutes ongoing agreement to the terms contained herein.