Platinum Trader Funding
Terms and Conditions
Terms and Conditions
Welcome to Platinum Trader Funding (“Company,” “we,” “us,” or “our”). By purchasing and engaging in our evaluation packages and related trading environments, you (“Participant,” “Trader,” or “User”) agree to comply with the following terms and conditions. These terms outline the responsibilities, requirements, and regulations for participation in Platinum Trader Funding’s simulated and live trading programs.
1. Overview of Services
Platinum Trader Funding offers Futures traders the opportunity to engage in simulated and live trading environments through purchased evaluation packages. Traders are subject to specific trading rules and must demonstrate successful trading skills in a simulated environment to be eligible for advancement. Successful Participants may be granted access to a live funded account under certain conditions.
2. Eligibility
By accessing or using our services, you affirm that you are at least 18 years of age and eligible to participate in simulated trading. You agree that you will not use the services for any unlawful purpose or in violation of any applicable laws or regulations.
3. Evaluation Packages and Simulated Environment
3.1 Evaluation Package Purchase
To access the simulated trading environment, you must purchase an evaluation package. This package grants access to our trading platform and establishes your initial evaluation period. By purchasing a package, you agree to comply with these terms, including any trading rules associated with the package.
3.2 Plan Rules
The evaluation packages include three levels, each with specific rules:
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$50,000 Starting Balance Package
- Contracts: 5 Contracts / 50 Micros
- End of Day (EOD) Drawdown: Required
- Consistency Rule: 30%
- Profit Target: $3,000
- Maximum Drawdown: $2,000
- Maximum Accounts per User: 2
- Copy Trading: Allowed
- Account Resets: Available at $50 each (Unlimited)
-
$100,000 Starting Balance Package
- Contracts: 10 Contracts / 100 Micros
- End of Day (EOD) Drawdown: Required
- Consistency Rule: 30%
- Profit Target: $6,000
- Maximum Drawdown: $3,000
- Maximum Accounts per User: 2
- Copy Trading: Allowed
- Account Resets: Available at $100 each (Unlimited)
-
$150,000 Starting Balance Package
- Contracts: 15 Contracts / 150 Micros
- End of Day (EOD) Drawdown: Required
- Consistency Rule: 30%
- Profit Target: $9,000
- Maximum Drawdown: $4,500
- Maximum Accounts per User: 2
- Copy Trading: Allowed
- Account Resets: Available at $150 each (Unlimited)
Traders must adhere to all rules associated with their chosen evaluation package. Breaching any rules, including exceeding the drawdown limits, failing to meet consistency requirements, or violating the profit target, will result in disqualification from advancement.
3.3 Advancement to Funded Simulated Environment
Participants who reach their profit targets without breaching account rules will progress to the funded simulated environment, subject to the same trading rules as the initial evaluation.
4. Funded Simulated Environment
4.1 Performance Requirements
Traders in the funded simulated environment must continue to follow the same rules established during the initial evaluation.
4.2 Evaluation for Live Funded Account
If a Participant completes the evaluation and funded simulation successfully, they may be eligible for a transition to a live funded account, with the starting balance equivalent to the profits earned in the funded simulation. Breach of the account in the funded sim stage will result in disqualification from progression to a live account.
5. Live Funded Account
5.1 Transition to Live Account
Participants who meet all required criteria in the funded simulation without breaching any terms may transition to a live funded account.
5.2 Starting Balance
The starting balance in the live funded account will be equal to the profits earned in the funded simulated account. Platinum Trader Funding reserves the right to adjust this balance or terminate the live account based on performance criteria or breaches.
6. Fees and Refunds
6.1 Evaluation Package Fees
All evaluation package purchases are final and non-refundable. By purchasing an evaluation package, you acknowledge and agree that no refunds will be issued for failure to progress through the simulated trading environment or funded simulation due to breaches.
6.2 Additional Fees
Platinum Trader Funding may charge additional fees for access to certain features or evaluations, which will be clearly stated at the point of purchase.
7. Disclaimer of Warranties
Our services are provided on an “AS IS” and “AS AVAILABLE” basis. Platinum Trader Funding makes no warranties, express or implied, regarding the success or profitability of any Participant in the simulated or live trading environments. We disclaim all warranties related to the accuracy, reliability, or completeness of any information provided through our services.
8. Limitation of Liability
In no event shall Platinum Trader Funding, its directors, employees, or affiliates be liable for any damages arising out of or in connection with the use of our services. This limitation applies to direct, indirect, incidental, consequential, or punitive damages, including, but not limited to, loss of profits or data.
9. Indemnification
You agree to indemnify, defend, and hold harmless Platinum Trader Funding from any claims, liabilities, damages, losses, or expenses arising from or in connection with your use of our services, your breach of these Terms, or your violation of any applicable law or rights of any third party.
10. Termination
We reserve the right to terminate or suspend access to our services immediately, without prior notice or liability, if you breach these Terms.
11. Governing Law
These Terms are governed by and construed in accordance with the laws of Delaware, USA without regard to its conflict of law principles.
12. Contact Information
For questions regarding these Terms, please reach out through our website.