Terms of Service
Effective date: August 22, 2024
Please read on to learn the rules and restrictions that govern your use of this website, products, services and applications (the “Services”). If you have any questions, comments, or concerns regarding these terms or the Services, please contact us at [email protected].
These Terms of Use (the “Terms”) are a binding contract between you and Elite Trader Funding LLC. (“ETF”, “ETF”, “we” and “us”). You ("you", "your", "User" or "Trader") must agree to and accept all of the Terms. If you do not accept these Terms, you do not have the right to use the Services. Your use of the Services in any way expressly means you agree to all of these Terms, and these Terms will remain in effect at all times while you use the Services. These Terms , as well as those contained in your Account Agreement and Privacy Policy, are hereby incorporated by reference and each of these agreements constitutes the Agreement (hereinafter, the “Agreement”).
"Account" or "Elite Account" means an Account established and maintained by ETF or on ETF’s behalf by a third-party vendor, having a distinct identifying Account number and containing an initial balance established by ETF and the Trader.
Our Services offer performance paid trading programs and opportunities. You, as a User assume all risk and liability should you elect to use any of the Services.
All ratings, comments, or opinions on different parts of the website do not necessarily reflect those of the entity operating or hosting the website. The website offers trading programs and at times may allow users a platform for to express their opinions on ETF and different companies and provide this information as a service to other users.
You assume all risk and liability should you elect to use the Services or use any of its constituent material or programs.
THESE TERMS CONTAIN DISCLAIMERS OF WARRANTY AND LIMITATION OF LIABLITY PROVISIONS, INCLUDING ARBITRATION AND CLASS ACTION WAIVER PROVISIONS THAT WAIVE YOUR RIGHT TO BRING AN ACTION IN COURT, RIGHT TO A JURY TRIAL, AND RIGHT TO PARTICIPATE OR INITIAIATE A CLASS ACTION. ARBITATION IS MANDATORY AND IS YOUR EXCLUSIVE REMEDY FOR ANY AND ALL DISPUTES ARISING OUT OF YOUR USE OF THE SERVICES UNLESS OTHERWISE SPECIFIED. YOU HEREBY AGREE TO THESE TERMS AND AGREEMENT, WHICH ARE AN ESSENTIAL BASIS OF THE TERMS.ACCEPTANCE OF AND MODIFICATIONS TO THESE TERMS
By using the Services, you, the User hereby warrant and represent that you have read these Terms and the other documents that constitute the Agreement.
These Terms may change from time to time. If we modify our Terms, ETF will post any updates to this page, along with an updated revision date. If you do not agree to any changes to these Terms, you hereby warrant and represent that you shall discontinue your use of the Services. Further,
if you don’t agree with the new Terms and/or Agreement, you agree to no longer use the Services. If you use the Services in any way after a change to the Terms or the Agreement is effective, you hereby agree to all of the changes.
Except for changes by us as described here, no other amendment or modification of these Terms or Agreement will be effective unless in writing and signed by both you and ETF.
CFTC REQUIRED DISCLAIMER
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy or sell futures, stocks, options, or any security. ETF makes no representation that any User will or is likely to achieve profits or losses similar to those discussed on the website or elsewhere in the Services. The past performance of any trading system or methodology is not indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE
RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE
RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF
LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE
BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES
SIMILAR TO THOSE SHOWN.
NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
DISCUSSED WITHIN THIS SITE OR SERVICES. OUR SERVICES AND ANY MATERIAL, COURSE(S), OR PRODUCTS CONTAINED THEREIN
SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL
MONEY, ALL TRADING DECISIONS SHALL BE YOUR OWN.
elitetraderfunding.com reserves the right at any time to limit access to, modify, change or discontinue the services of this site with or without notice to You and we shall not be liable to you for any such modification, suspension or discontinuance of the services.
PRIVACY
Elite Trader Funding LLC takes the privacy of its users very seriously. For our current Privacy Policy, click here.
The Children’s Online Privacy Protection Act (“COPPA”) requires that online service providers obtain parental consent before they knowingly collect personally identifiable information online from children who are under 13. We do not knowingly collect or solicit personally identifiable information from children under 13; if you are a child under 13, please do not attempt to register for the Services or send any personal information about yourself to us. If we learn we have collected personal information from a child under 13, we will delete that information as quickly as possible. If you believe that a child under 13 may have provided us personal information, please contact us at [email protected].
By using the Services, you hereby represent and warrant that you are at least eighteen (18) years of age, or the age of majority in the jurisdiction in which you reside, whichever is greater. If you are not at least eighteen (18) years of age, or the age of majority in the jurisdiction in which you reside, whichever is greater, you are strictly prohibited from accessing our Services or any of its constituent parts/materials.
NOT A BROKER-DEALER
You acknowledge and agree that we are not a broker-dealer, as such term is used in United States financial services regulations, and that we do not trade securities on our or another party’s behalf as part of the Sites or Services, nor do we directly offer any financial advice of our own as part of the Sites or Services. You acknowledge and agree that we are not liable for any losses or gains that may arise from your reliance upon information provided through the Sites or Services or your interaction with other Users.
YOUR USE OF ETF's Services
You are required to sign up for an Account and select a password and user name (“User ID”). You agree to provide us with accurate, complete, and updated registration information about yourself. You may not select as your User ID a name that you don’t have the right to use or another person’s name with the intent to impersonate that person. Your Account and/or User ID are non-transferable without ETF’s prior written permission. No User may have or create more than one Account.
You will only use the Services for your own internal, personal, non-commercial use, and not on behalf of or for the benefit of any third party, and only in a manner that complies with all laws that apply to you. If your use of the Services is prohibited by applicable laws, you are prohibited from using the Services. ETF will not be responsible for your use of the Services in any way that breaks any applicable law.
You represent and warrant that you will not share your Account information, User ID, or password with anyone, and you must protect the security of your Account and your password. You are strictly responsible for any activity associated with your Account or your Account’s use of the Services.
Your use of the Services is subject to the following additional restrictions:
You represent, warrant, and agree that you will not contribute any Content or User Submission (each of those terms is defined below) or otherwise use the Services or interact with the Services in any manner that:
- (a) Infringes or violates the intellectual property rights or any other rights of anyone else (including ETF);
- (b) Violates any law or regulation, including any applicable export control laws;
- (c) Is harmful, fraudulent, deceptive, threatening, harassing, defamatory, obscene, or otherwise objectionable;
- (d) Jeopardizes the security of your ETF Account or anyone else’s (such as allowing someone else to log in to the Services as you);
- (e) Attempts, in any manner or respect, to obtain the password, Account, or other security information from any other User;
- (f) Violates the security of any computer network, or cracks any passwords or security encryption codes;
- (g) Runs Maillist, Listserv, any form of auto-responder or “spam” on the Services, or any processes that run or are activated while you are not logged into the Services, or that otherwise interfere with the proper working of the Services (including by placing an unreasonable load on the Services’ infrastructure);
- (h) “Crawls,” “scrapes,” or “spiders” any page, data, or portion of or relating to the Services or Content (through use of manual or automated means);
- (i) Copies or stores any significant portion of the Services or Content contained therein;
- (j) Decompiles, reverse engineers, or otherwise attempts to obtain the source code or underlying ideas or information of or relating to the Services. You hereby agree, warrant, and represent that, during the course of using Services, you will not individually, through multiple trading Accounts, or in conjunction with other traders, hold both long and short trade positions simultaneously (wash sales). Wash sales are strictly prohibited on the Services and any individual or group of Users found to be engaging in wash sales or substantially similar tactics will be permanently banned from further use of or access to the Services, at the sole discretion and determination of ETF. You also agree to trade the highest volume, most current contract for the instrument you are trading. Trading low liquidity and low volume contracts is strictly prohibited.
- (k) Engage in trading strategies that utilize high-frequency trading (HFT) or other similar strategies that leverage technology to gain advantages in execution speeds by engaging in a high number of transactions in a short amount of time. All trades executed by you on ETF’s platform shall have a minimum duration of ten (10) seconds—no exceptions.
- (l) utilize virtual private networks (VPNs), The Onion Router (TOR), proxy servers, or any other form of technology or technologies in tandem that in any way hinders our ability to ascertain your IP address.
- (m) utilizes, shares, or allows third parties to access information within our Services or acquired by using or accessing the Services, unless otherwise expressly authorized by ETF. This includes services of any third party for the purposes of engaging or using the Services in any way. YOU EXPRESSLY AGREE THAT ANY VIOLATION OF THIS PROVISION IS A BREACH OF THESE TERMS AND YOUR CONFIDENTIALITY OBLIGATIONS HEREIN.
- (n) is meant to circumvent KYC or AML regulations. This is inclusive of providing to ETF false, misleading, or incomplete information during the onboarding process or any subsequent steps that are necessary to comply with KYC or AML, laws, regulations or our internal controls. ANY USER THAT WE SUSPECT IS PROVIDING FALSE, MISLEADING, OR INCOMPLETE INFORMATION DURING THE ONBOARDING PROCESS OR AT ANY POINT SUBSEQENT WILL BE PERMINENTLY BANNED FROM USING OUR SERVICES, WILL HAVE PAYOUT AMOUNTS THEN OWED TO THE USER REDUCED TO ZERO DOLLARS, AND ETF MAY REPORT THE ACTIVITY TO PROPER AUTHORITIES IF APPROPRIATE.
- (o) Otherwise performing trades in contradiction with how trading is actually performed in the applicable futures market, or in a way that establishes concerns that ETF might suffer financial or other harm as a result of a Trader’s activities.
The foregoing limitations are in place to preserve customer safety and maintain robust internal security.
If any ETF user is unable to complete a Trader’s KYC onboarding process within seven (7) days from Trader’s submission of KYC documents, ETF reserves the right to deny or void any payouts from that Trader’s Account(s), revoke access to the Trader’s Account(s), and deny Trader the use of any of ETF’s Services.
By using or interacting with the Services, you hereby agree and warrant that you will not publish, issue, or cause to be issued or disclosed any information or statements in the public domain, including online, in print, or verbally, that are designed, intended, or might reasonably be anticipated to be defamatory toward, or disparage ETF, including any of ETF’s officers, directors, employees, its business, the Services, products, or personnel.
Users utilizing our simulated-funded platform are limited to a total number of three (3) Accounts at any given time, with very few exceptions being granted on a case-by-case basis. Should you feel that you require more the three (3) Accounts to effectively utilize the Services, you may request an exception to this rule by submitting your justification and specific request by contacting our support team.
All Live Trader Accounts are established, funded, and owned by ETF. The size and number of contracts allowable on such Live Trader Accounts shall be determined at ETF’s sole discretion and will be determined on the Trader’s qualifications and performance. Each Account is subject to a daily loss limit. If an Account incurs losses that reach or exceed this daily loss limit, the Trader will be unable to further trade on that Account for the remainder of the Trading Day. The Trader’s ability to Trade will be reinstated the next Trading Day. If a Trader accrues in an Account an amount equal to or greater than the daily loss limit from that Account’s initial balance, the daily loss limit will not be applicable to such an Account and minimum account balance to avoid trading lockout will be the initial Account balance. Should the Account reach the minimum Account balance, the Trader will be unable to perform trades through the Services for the remainder of that Trading Day. The daily loss limit will be reinstated in the subsequent Trading Day until the Trader accrues an amount equal to or greater than the daily loss limit from the initial balance. If a Trader’s Account incurs losses such that the Account balance falls below fifty (50) percent of the invested amount (i.e. total funds transferred to the Live Elite Account), ETF reserves the sole right to close that Account, at which time any remaining balance will be forfeit. If a Live Elite Trader is not meeting account performance standards (as determined at ETF’s sole discretion), ETF may require the Trader to cease all trading activities for a period of time, as determined at ETF’s sole discretion.
In the event that a Trader achieves a 20% (or greater) increase in the overall account size (e.g., a $150,000 account growing to $180,000), and subsequently experiences a loss exceeding 50% intraday or in a single trading day of the total increase in the Account, such Account shall be deemed invalid for continued participation in the Elite-Sim program and for eligibility in the LIVE ELITE program. This determination will be made during audits conducted by the risk team or at the time of a payout request, based on the increased risk profile associated with such significant drawdowns, which renders the account unsustainable for these programs.
ETF closely monitors the trading activity of all Users to ensure that the Terms and principles of ETF, including, but not limited to, integrity and fairness, are being upheld. Users are required to demonstrate sustained trading activity and a reasonable distribution of profits throughout the life of the Elite Account. ETF strictly prohibits artificial manipulation of the trading requirements, including, but not limited to, the execution of 'scratch trades' or any other actions with the primary intent to meet the minimum Active Trading Day requirement for each payout without genuine trading activity. An “Active Trading Day” means any day the Chicago Mercantile Exchange is open for trading and Trader has executed a trade that conforms to the Trader’s long-term strategy and is not executed for the purpose of achieving an Active Trading Day. If ETF concludes, in their sole discretion, that trade activity for an Account was executed for the purposes of achieving an Active Trading Day, ETF reserves the right to void that Active Trading Day. FOR THE AVOIDANCE OF DOUBT, Active Trading Day requirements must be met for each separate Account individually, meaning an Active Trading Day only applies to the Account that had an active trade. If a Trader executes a trade on an Account, the Active Trading Day is only applied to that Account and no others.
ETF’s goal is the help retail Traders become successful and funded under our LIVE ELITE program. This program is exclusive to our most successful Traders, and receiving an invitation is a significant privilege. Upon being offered the opportunity to become an LIVE ELITE Trader, you hereby agree to accept such opportunity to convert to an LIVE ELITE Trader Account. Any amounts accrued and owing to the Trader upon ETF’s offer to convert to our LIVE ELITE program shall be transferred to the Trader’s corresponding new LIVE ELITE Account.
SHOULD YOU DECIDE NOT TO CONVERT WITHIN FIVE (5) BUSINESS DAYS OF THE OFFER TO CONVERT TO LIVE ELITE PROGRAM, THE FOLLOWING TERMS WILL APPLY: YOU WILL BE PAID OUT 10% OF YOUR EARNINGS UP TO $12,500, AS CALCULATED ON THE OFFER DATE, AND YOU WILL RECEIVE NO MORE THAN 5% OF YOUR EARNINGS EXCEEDING $12,500 AS OF THE OFFER DATE. ADDITIONALLY, YOU WILL BE PROHIBITED FROM USING ETF’S SERVICES FOR TWO (2) CALENDAR YEARS.
During payout audits, ETF uses a range of factors, including trade frequency, profit distribution, and performance over time, to evaluate the validity of each Trader's trading activity. ETF retains the sole and absolute discretion to determine whether a Trader's trading behavior is in accordance with the Terms, or if it constitutes an attempt to manipulate, game, or distort the payout eligibility criteria. Any such determination by ETF is final and binding.
We prioritize traders with a systematic approach. Traders are expected to adhere to a disciplined trading strategy that is consistent in terms of futures instruments and position sizes. Users must showcase a consistent trading pattern, specifically avoiding a pattern of significantly downsizing (such as from Mini to Micro) futures contracts across several trading days. Such downsizing hampers our risk team's ability to gather adequate data to assess whether a trader can manage the risks associated with trading ETF funds in the live markets. This also includes avoiding oversized positions on single trades, refraining from sporadic contract flipping merely to achieve an Active Trading Day, and maintaining uniformity in trade sizes. Practices such as dollar-cost averaging, high-frequency trading, or any form of erratic trading are prohibited. Our aim is to cultivate long-term partnerships built on steady growth and consistent performance. We seek to traders who demonstrate a systematic approach to trading with clearly defined strategies that are followed meticulously and judiciously. Any trading activity that deviates from these established guidelines may lead to termination of our Services to you, Account closure, revocation of/voiding any profits the Trader would otherwise be entitled to, and voided Active Trading Days. Our goal being to move traders with exceptional potential to our Live Elite Accounts, we want to teach our users to avoid this type of all-or-nothing trading, which generally results in massive losses once they are moved into the Live markets. ETF is committed to supporting traders who are focused on sustainable trading practices that can be scaled and replicated effectively.
We consider any violation of the foregoing a serious matter that puts Users of our Services at risk and, therefore, is grounds for termination of your right to use or access the Services as well as ETF taking legal action in response to these violations, as appropriate. Additionally, ETF reserves the right to withhold or delay payouts, as well as terminate or suspend access to any User, if it determines, in its sole discretion, that a User has engaged in behavior that is inconsistent with or in violations of the Terms.
ETF reserves the right to discontinue service to any User, at any time. Additionally, ETF reserves the right to refuse provision of our Services to any User, at any time.
MY RIGHTS
The materials displayed or performed or available on or through the Services, including, but not limited to, text, graphics, data, articles, photos, images, illustrations, User Submissions (all of the foregoing, the “Content”) are protected by copyright and/or other intellectual property laws. You promise to abide by all copyright notices, trademark rules, information, and restrictions contained in any Content you access through the Services, and that you won’t use, copy, reproduce, modify, translate, publish, broadcast, transmit, distribute, perform, upload, display, license, sell or otherwise exploit for any purpose any Content not owned by you, (i) without the prior consent of the owner of that Content or (ii) in a way that violates anyone else’s (including ETF’s) rights.
ETF owns the Services and you expressly agree that you won’t modify, publish, transmit, participate in the transfer or sale of, reproduce (except as expressly provided in this Section), create derivative works based on, or otherwise exploit any of the Services or Content or materials contained therein.
ETF may allow you to copy or download certain Content; just because this functionality exists, does not mean that all the restrictions contained within these Terms don’t apply, they do.
Do I have to grant any licenses to ETF or to other users?
Anything you post, upload, share, store, or otherwise provide through the Services is your “User Submission.” Some User Submissions are viewable by other Users. In order to display your User Submissions on the Services, you grant ETF certain rights in those User Submissions. Please note that all of the following licenses are subject to our Privacy Policy and the Agreement to the extent they relate to User Submissions that are also your personally identifiable information.
For all User Submissions, you hereby grant ETF a license to translate, modify (for any purposes, such as ensuring your Content is viewable on mobile devices as well as a computer), reproduce, and otherwise act with respect to such User Submissions, in each case to enable us to operate the Services, as described herein. This is a license only, your ownership of User Submissions is not affected.
If you share a User Submission only in a manner that only certain specified Users can view (for example, a private message to one or more other Users) (a “Limited Audience User Submission”), you grant ETF the licenses above, as well as a license to display, perform, and distribute your Limited Audience User Submission for the sole purpose of making that Limited Audience User Submission accessible to such other specified Users, and providing the Services necessary to do so. Also, you grant such other specified Users a license to access that Limited Audience User Submission, and to use and exercise all rights in it, as permitted by the functionality of the Services.
If you share a User Submission publicly on the Services and/or in a manner that more than just you or certain specified Users can view, or if you provide ETF (in a direct email or otherwise) with any feedback, suggestions, improvements, enhancements, and/or feature requests relating to the Services (each of the foregoing, a “Public User Submission”), then you grant ETF the licenses above, as well as a license to display, perform, and distribute your Public User Submission for the purpose of making that Public User Submission accessible to all ETF Users and providing the Services necessary to do so, as well as all other rights necessary to use and exercise all rights in that Public User Submission in connection with the Services and/or otherwise in connection with ETF for any purpose, provided that ETF will try to notify you if it uses your Public User Submission for any reason other than displaying it on the Services. Also, you grant all other Users of the Services a license to access that Public User Submission, and to use and exercise all rights in it, as permitted by the functionality of the Services.
You agree that the licenses you grant are royalty-free, perpetual, sublicensable, irrevocable, and worldwide, provided that when you delete your ETF Account, we will stop displaying your User Submissions (other than Public User Submissions, which may remain fully available) to other users (if applicable), but you understand and agree that it may not be possible to completely delete that content from ETF records, and that your User Submissions may remain viewable elsewhere to the extent that they were copied or stored by other users.
Finally, you understand and agree that ETF, in performing the required technical steps to provide the Services to our users (including you), may need to make changes to your User Submissions to conform and adapt those User Submissions to the technical requirements of connection networks, devices, services, or media, and the foregoing licenses include the rights to do so.
DMCA
You may have heard of the Digital Millennium Copyright Act (the “DMCA”), as it relates to online service providers, like ETF, being asked to remove material that allegedly violates someone’s copyright. We respect others’ intellectual property rights, and we reserve the right to delete or disable Content alleged to be infringing, and to terminate the Accounts of repeat alleged infringers; report potentially infringing content to [email protected]. To learn more about the DMCA, click here.
RESPONSIBILITY for what I see and do on the Services?
Any information or content publicly posted or privately transmitted through the Services is the sole responsibility of the person from whom such content originated, and you access all such information and content at your own risk, and we aren’t liable for any errors or omissions in that information or content or for any damages or loss you might suffer in connection with it. We cannot control and have no duty to take any action regarding how you may interpret and use the Content or what actions you may take as a result of having been exposed to the Content, and you hereby release us from all liability for you having acquired or not acquired Content through the Services. We can’t guarantee the identity of any users with whom you interact in using the Services and are not responsible for which users gain access to the Services.
You are responsible for all Content you contribute, in any manner, to the Services, and you represent and warrant you have all rights necessary to do so, in the manner in which you contribute it. You will keep all your registration information accurate and current. You are responsible for all your activity in connection with the Services.
The Services may contain links or connections to third party websites or services that are not owned or controlled by ETF. When you access third party websites or use third party services, you accept that there are risks in doing so, and that ETF is not responsible for such risks. We encourage you to be aware when you leave the Services and to read the terms and conditions and privacy policy of each third party website or service that you visit or utilize.
ETF has no control over, and assumes no responsibility for, the content, accuracy, privacy policies, or practices of or opinions expressed in any third party websites or by any third party that you interact with through the Services. In addition, ETF will not and cannot monitor, verify, censor or edit the content of any third party site or service. By using the Services, you release and hold us harmless from any and all liability arising from your use of any third party website or service.
Your interactions with organizations and/or individuals found on or through the Services, including payment and delivery of goods or services, and any other terms, conditions, warranties or representations associated with such dealings, are solely between you and such organizations and/or individuals. You should make whatever investigation you feel necessary or appropriate before proceeding with any online or offline transaction with any of these third parties. You agree that ETF shall not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings.
If there is a dispute between participants on this site, or between users and any third party, you agree that ETF is under no obligation to become involved. In the event that you have a dispute with one or more other users, you release ETF, its officers, employees, agents, and successors from claims, demands, and damages of every kind or nature, known or unknown, suspected or unsuspected, disclosed or undisclosed, arising out of or in any way related to such disputes and/or our Services. If you are a California resident, you shall and hereby do waive California Civil Code Section 1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which, if known by him or her must have materially affected his or her settlement with the debtor."
Will ETF's services ever change?
ETF is always looking to improve upon and enhance our Services, thus the products and services we provide will inevitably change over time. We may suspend or discontinue any part of the Services, or we may introduce new features or impose limits on certain features or restrict access to parts or all of the Services. We’ll try to give you notice when we make a material change to the Services that would adversely affect you, but this isn’t always practical. Similarly, we reserve the right to remove any Content from the Services at any time, for any reason (including, but not limited to, if someone alleges you contributed that Content in violation of these Terms), in our sole discretion, and without notice.
The costs of using ETF
Many of the Services that ETF provides carry a fee, and we reserve the right to additionally charge for any future and additional services. We will notify you as additional Services are added, and if you wish to continue using such Services, you must pay all applicable fees for such Services.
Stopping use of ETF
You’re free to cancel your subscription at any time. You can also contact us at [email protected] anytime with questions; please refer to our Privacy Policy as well and the licenses above, to understand how we treat information you provide to us after you have stopped using our Services. ETF is also free to terminate (or suspend access to) your use of the Services or your Account, for any reason in our discretion, including your breach of these Terms. ETF has the sole right to decide whether you are in violation of any of the restrictions set forth in these Terms.
Account termination may result in destruction of any Content associated with your Account, so keep that in mind before you decide to terminate your Account. We will try to provide advance notice to you prior to our terminating your Account so that you are able to retrieve any important User Submissions you may have stored in your Account (to the extent allowed by law and these Terms), but we may not do so if we determine it would be impractical, illegal, not in the interest of an individual's safety or security, or otherwise harmful to the rights or property of ETF.
Provisions that, by their nature, should survive termination of these Terms shall survive termination. By way of example, all of the following will survive termination: any obligation you have to pay us or indemnify us, any limitations on our liability, any terms regarding ownership or intellectual property rights, and terms regarding disputes between us.
REWARDS PROGRAM
ETF trader rewards program is valid for any active user of our website. At any time, ETF reserves the right to cancel or modify the rewards program without notice in our sole and absolute discretion. In the event of a program cancellation, ETF does not owe any user for any points they have lost in this event. Any violation of ETF Terms of Service will result in a loss of all rewards points earned. In the event of Account cancellation by ETF or user will nullify all rewards points earned. ETF trader rewards points have no monetary value and cannot be redeemed for actual money.
MISCELLANEOUS
Mandatory 30-Day Login/Weekly Trading Policy. ETF requires all users of our Services to login to elitetraderfunding.com every thirty (30) calendar days to manage operational costs and maintain platform integrity. Your failure to login to your respective platform may result in your Account being closed and any accumulated profits or credits forfeit. ETF may choose to reactivate Accounts that are disabled as a result of your failure to login to your respective platform under very limited circumstances, such as illness or unexpected extended travel. We request that you reach out to our customer support team to make arrangements as soon as practicable in the event you anticipate being unable to login to your Account for an extended period. Reactivation of your Account may incur fees and special conditions, subject to the circumstances of the deactivation. Additionally, all Sim-funded Traders will be required to execute at a minimum of one (1) trade on ETF’s Services per calendar week. Should you be unable to trade in a particular calendar week, ETF requires you to reach out to ETF’s customer service to inform us of such. If you fail to make the minimum trade required in a week and you have not made arrangements with ETF’s customer service team, ETF may invalidate/close your Account and any payouts otherwise due to you will be voided.
Warranty Disclaimer. Neither ETF nor its licensors or suppliers makes any representations or warranties concerning any content contained in or accessed through the Services, and we will not be responsible or liable for the accuracy, copyright compliance, legality, or decency of material contained in or accessed through the Services. We (and our licensors and suppliers) make no representations or warranties regarding suggestions or recommendations of services or products offered or purchased through the Services. Products and services purchased or offered (whether or not following such recommendations and suggestions) through the Services are provided “AS IS” and without any warranty of any kind from ETF or others (unless, with respect to such others only, provided expressly and unambiguously in writing by a designated third party for a specific product). THE SERVICES AND CONTENT ARE PROVIDED BY ETF (AND ITS LICENSORS AND SUPPLIERS) ON AN “AS-IS” BASIS, WITHOUT WARRANTIES OR ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, OR THAT USE OF THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE. SOME STATES DO NOT ALLOW LIMITATIONS ON HOW LONG AN IMPLIED WARRANTY LASTS, SO THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
Limitation of Liability. TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES AND UNDER NO LEGAL THEORY (INCLUDING, WITHOUT LIMITATION, TORT, CONTRACT, STRICT LIABILITY, OR OTHERWISE) SHALL ELITE TRADER FUNDING (OR ITS LICENSORS OR SUPPLIERS) BE LIABLE TO YOU OR TO ANY OTHER PERSON FOR (A) ANY INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING DAMAGES FOR LOST PROFITS, LOSS OF GOODWILL, WORK STOPPAGE, ACCURACY OF RESULTS, OR COMPUTER FAILURE OR MALFUNCTION, OR (B) ANY AMOUNT, IN THE AGGREGATE, IN EXCESS OF THE GREATER OF (I) $100 OR (II) THE AMOUNTS PAID BY YOU TO ETF IN CONNECTION WITH THE SERVICES IN THE TWELVE (12) MONTH PERIOD PRECEDING THIS APPLICABLE CLAIM, OR (III) ANY MATTER BEYOND OUR REASONABLE CONTROL. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES, SO THE ABOVE LIMITATION AND EXCLUSIONS MAY NOT APPLY TO YOU.
Indemnity. To the fullest extent allowed by applicable law, You agree to indemnify and hold ETF, its affiliates, officers, agents, employees, and partners harmless from and against any and all claims, liabilities, damages (actual and consequential), losses and expenses (including attorneys’ fees) arising from or in any way related to any third party claims relating to (a) your use of the Services (including any actions taken by a third party using your Account), and (b) your violation of these Terms. In the event of such a claim, suit, or action (“Claim”), we will attempt to provide notice of the Claim to the contact information we have for your Account (provided that failure to deliver such notice shall not eliminate or reduce your indemnification obligations hereunder). This indemnification obligation shall survive termination of the Agreement.
Assignment. You may not assign, delegate or transfer these Terms or your rights or obligations hereunder, or your Account, in any way (by operation of law or otherwise) without ETF's prior written consent. We may transfer, assign, or delegate these Terms and our rights and obligations without consent.
Choice of Law; Arbitration. These Terms are governed by and will be construed under the laws of the State of Delaware, United States, without regard to the conflicts of laws provisions thereof. Any dispute arising from or relating to the subject matter of these Terms shall be finally settled in King County, Washington, in English, in accordance with the Streamlined Arbitration Rules and Procedures of Judicial Arbitration and Mediation Services, Inc. ("JAMS") then in effect, by one commercial arbitrator with substantial experience in resolving intellectual property and commercial contract disputes, who shall be selected from the appropriate list of JAMS arbitrators in accordance with such Rules. Judgment upon the award rendered by such arbitrator may be entered in any court of competent jurisdiction. Notwithstanding the foregoing obligation to arbitrate disputes, each party shall have the right to pursue injunctive or other equitable relief at any time, from any court of competent jurisdiction. For all purposes of this Agreement, the parties consent to exclusive jurisdiction and venue in the state or federal courts located in, respectively, King County, Washington, or the within the state of Washington. Any arbitration under this Agreement will take place on an individual basis: class arbitrations and class actions are not permitted. YOU UNDERSTAND AND AGREE THAT BY ENTERING INTO THIS AGREEMENT, YOU AND ETF ARE EACH WAIVING THE RIGHT TO TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION.
Payouts/Withdrawals. ETF wishes to empower traders with knowledge and tools that allow them to make prudent investment decisions and build and invest according to long-term, consistent trading strategies. ETF is not a gambling website, nor is it the intention of ETF to empower those who treat trading as a gambling enterprise. Because of this, it is the policy of ETF that at the time of any withdrawal request from an Elite Sim-Funded Account, your best profitable day cannot exceed forty (40) percent of the total profit, including withdrawals. This policy is uniformly applied to all Traders using our Services, without exception. This policy is not applicable to accounts purchased or activated on or after August 1, 2024.
Force Majeure. ETF shall not be liable or responsible to you or any other party, nor be deemed to have defaulted or breached these Terms or any other agreement between you and ETF related to the use of Services, for any failure or delay in fulfilling or performing Services under these Terms when and to the extent such failure or delay is caused by or results from acts or circumstances beyond the reasonable control of ETF or our service providers or vendors including, without limitation, acts of God, flood, fire, earthquake, explosion, governmental actions, war, invasion or hostilities (whether war is declared or not), terrorist threats or acts, riot, or other civil unrest, national emergency, revolution, insurrection, epidemic, pandemic, lock-outs, strikes or other labor disputes (whether or not relating to either Party's workforce), or restraints or delay affecting carriers or inability or delay in obtaining supplies of adequate or suitable materials, or telecommunication breakdown or power outage.
Miscellaneous. You will be responsible for paying, withholding, filing, and reporting all taxes, duties, and other governmental assessments associated with your activity in connection with the Services, provided that ETF may, in its sole discretion, do any of the foregoing on your behalf or for itself as it sees fit. The failure of either you or us to exercise, in any way, any right herein shall not be deemed a waiver of any further rights hereunder. If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated, to the minimum extent necessary, so that these Terms shall otherwise remain in full force and effect and enforceable. You and ETF agree that these Terms are the complete and exclusive statement of the mutual understanding between you and ETF, and that it supersedes and cancels all previous written and oral agreements, communications and other understandings relating to the subject matter of these Terms. You hereby acknowledge and agree that you are not an employee, agent, partner, or joint venture of ETF, and you do not have any authority of any kind to bind ETF in any respect whatsoever. You and ETF agree there are no third party beneficiaries intended under these Terms.
Payout Eligibility/Terms:
1. Trading Day
Requirement:
a. For the first and second payout
cycles: A User is eligible for payout upon the completion of fifteen (15) individual trading days per
cycle.
b. For the third payout cycle and subsequent payout
cycles: A User is eligible for payout upon the completion of ten (10) individual trading days per
cycle.
- Payout Amounts:
a. Minimum Amount: The least sum eligible for withdrawal during any cycle is One Hundred Dollars
($100).
b. Maximum
Amount: The maximum sum available for withdrawal in any given
cycle is the maximum amount determined by the user's Aaccount size.
- Payout Frequency:
a. Daily Payouts: Eligible users can request a payout on a daily basis.
b. Cycle Renewal: Should a user not claim the entire maximum amount within a given cycle, said unclaimed
amount will be forfeited upon the initiation of the subsequent cycle.
- Safety Net Requirements:
a. Traders must at all times maintain an Account balance greater than or equal to the minimum balance threshold (Safety Net) as specified in their Account Agreement to be eligible for payouts. Traders are permitted to withdraw funds from their Account, Traders must ensure that their Account balance meets or exceeds the required minimum threshold after the withdraw of funds to qualify for subsequent payouts. On a Trader's first, second, and third payout cycles, Trader will not be able to withdraw from their Safety Net and the Safety Net must remain at level specified in your Account Agreement during a payout request. ETF reserves the right to deny payout requests that put a Trader’s Account below the minimum balance threshold, as well as deny future payouts until such time as the Trader’s Account meets the minimum balance requirements outlined in their Account Agreement (see Exhibits 1 and 2 in your Account Agreement for more information).
b. Traders must maintain an Account balance greater than or equal to the minimum balance threshold as specified in their Account Agreement in addition to actively trading for the required number of days per payout cycle, and engaging in normal trading behavior during such payout cycle. If Traders are denied three (3) or more payouts due to (a) failure to maintain their minimum Account balance, (b) failure to actively trade in the required number of days per payout cycle, or (c) engaging in abnormal trading behavior, ETF reserves the right to revoke your Account and deny the Trader any payout they would normally be entitled to. Non-compliance with the above standards wastes our resources and interferes with our ability to evaluate and promote traders to our LIVE ELITE program.
All payouts for Elite sim-funded Traders will be processed on Wednesday of every week. Live Elite payouts will be processed daily.
Further, with regard to funds invested in Accounts of Live Elite Traders, the following withdrawal condition apply: Only five (5) percent of Invested Funds (defined below) can be withdrawn every thirty (30) calendar days. Any excess amounts may be withdrawn completely, subject to the profit split, as outlined in the Account Agreement (ninety (90) percent of profits go to the Trader and ten (10) percent of profits go to ETF).
For the purposes of the above paragraph, “Invested Funds” shall mean funds that have been carried over upon conversion from the simulated Account to the LIVE ELITE Account of Traders. “Excess Funds” shall mean any balance in the LIVE ELITE Account minus Invested Funds and Account Agreement minimum balances.
Refund Policy
All Sales are Final.
Please check the rates/subscription fees as there are no refunds once a trader has signed up and paid for a subscription.
Refunds and Disclaimer
No returns, refunds, or exchanges, partial or otherwise, for any reason. Once your order has been placed and your credit card billed or processed, there are no returns or credit. You may not return the product and demand a refund.
All our products are distributed and licensed on an ‘as is’ basis and there are no warranties, guarantees, or promises of any kind by ETF as to their performance, reliability or suitability to any given task. In no event shall ETF or ETF’s Services be liable for any loss of data or ANY DAMAGES OF ANY KIND, financial, physical, emotional or other, which might arise from its use. Federal or local law governs the use of ETF’s Services; it is the responsibility of the user to follow such applicable laws.
Any and all purchases that result in a charge-back will result in ETF immediately deactivating your membership and a revocation of any earnings you may otherwise be entitled to. Your username will be permanently banned in our database of authorized users.
In no event shall ETF be accountable for any or all financial losses or costs from the use of any of ETF’s Services. Any charge-back initiated by a User will be fully investigated and that User will no longer be able to purchase any items or Services from ETF. Any additional purchases will be refunded immediately. Please do not attempt to make any fraudulent purchases. If we receive any fraudulent charge-backs, we will immediately deactivate your membership/Account, revoke any earnings you would otherwise be entitled to, and prosecute to the fullest extent of the law.
FAILURE TO BE AWARE OF THIS POLICY DOES NOT QUALIFY YOU FOR A REFUND.
ETF’s Services are the property of ETF. The information contained in this website and its associated websites is provided as a service to our customers, and does not constitute legal or financial advice. We try to provide quality information, but we make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in, or linked to, this website and its associated sites unless otherwise expressly stated by us.
The term ‘information’ herein refers to indicators, strategies, manuals, data, communications, and any other associated products and/or material of ETF and/or ETF’s Services and products.
We make every effort to ensure that we accurately represent our products and Services. As with any business, your results may vary.
There are no guarantees concerning the results you may achieve or the level of success you may experience.
ETF reserves the right to remove, edit, move or close any thread for any reason. Further, ETF, reserves the right to cancel your membership or close an Account, and refuse to supply Services to any Trader, at any time, for any reason.
Should any conditions within these Terms conflict with your Account Agreement, these Terms shall control.
Delaware, USA
[email protected]