- TERMS AND CONDITIONS – Funding Program
Last updated: 2023-02-10
1. Introduction
Welcome to traderslab.education by Atriafinancial LTD also can be referred to as TradersLab (“Company”, “we”, “our”, “us”)!These Terms of Service (“Terms”, “Terms of Service”) govern your use of our website located at www.traderslab.education (together or individually “Service”) operated by Atriafinancial LTD. through support@traderslab.education
Our Privacy Policy also governs your use of our Service and explains how we collect, safeguard and disclose information that results from your use of our web pages.
Your agreement with us includes these Terms and our Privacy Policy (“Agreements”). You acknowledge that you have read and understood Agreements, and agree to be bound of them.
If you do not agree with (or cannot comply with) Agreements, then you may not use the Service, but please let us know by emailing at support@traderslab.education, so we can try to find a solution. These Terms apply to all visitors, users, and others who wish to access or use the Service.
2. Communications
By using our Service, you agree to subscribe to newsletters, marketing or promotional materials and other information we may send. However, you may opt out of receiving any, or all, of these communications from us by following the unsubscribe link or by emailing at support@traderslab.education.
3. Purchases
If you wish to purchase any product or service made available through the Service (“Purchase”), you may be asked to supply certain information relevant to your Purchase including, but not limited to, your credit or debit card number, the expiration date of your card, your billing address, and your shipping information.
You represent and warrant that: (i) you are entitled to use any card(s) or other payment method(s) in connection with any Purchase; and that (ii) the information you supply to us is true, correct, and complete.
We may employ the use of third-party services for the purpose of facilitating payment and the completion of Purchases. By submitting your information, you grant us the right to provide the information to these third parties subject to our Privacy Policy.
We reserve the right to refuse or cancel your order at any time for reasons including but not limited to: product or service availability, errors in the description or price of the product or service, error in your order or other reasons.
We reserve the right to refuse or cancel your order if fraud or an unauthorised or illegal transaction is suspected.
4. Contests, Sweepstakes, and Promotions
Any contests, sweepstakes or other promotions (collectively, “Promotions”) made available through the Service may be governed by rules that are separate from these Terms of Service. If you participate in any Promotions, please review the applicable rules as well as our Privacy Policy. If the rules for a Promotion conflict with these Terms of Service, Promotion rules will apply.
5. Subscriptions
Some parts of Service are billed on a subscription basis (“Subscription(s)”). You will be billed in advance on a recurring and periodic basis (“Billing Cycle”). Billing cycles will be set depending on the type of subscription plan you select when purchasing a Subscription.
At the end of each Billing Cycle, your Subscription will automatically renew for the same duration at the prevailing price at the moment of renewal, unless you cancel it or Atriafinancial LTD cancels it. You may cancel your Subscription renewal either through your online account management page or by contacting support@traderslab.education customer support team.
A valid payment method is required to process the payment for your subscription. You shall provide Atriafinancial LTD with accurate and complete billing information that may include but not limited to full name, address, state, postal or zip code, telephone number, and a valid payment method information. By submitting such payment information, you automatically authorise Atriafinancial LTD to charge all Subscription fees incurred through your account to any such payment instruments.
Should automatic billing fail to occur for any reason, Atriafinancial LTD reserves the right to terminate your access to the Service with immediate effect.
6. Free Trial
Atriafinancial LTD may, at its sole discretion, offer a Subscription with a free trial for a limited period of time (“Free Trial”).
You may be required to enter your billing information in order to sign up for a Free Trial.
At any time and without notice, Atriafinancial LTD reserves the right to (i) modify the Terms of Service of Free Trial offer, or (ii) cancel such Free Trial offer.
7. Fee Changes
Atriafinancial LTD, in its sole discretion and at any time, may modify Subscription fees for the Subscriptions. Any Subscription fee change will become effective at the end of the then-current Billing Cycle.
Atriafinancial LTD will provide you with a reasonable prior notice of any change in Subscription fees to give you an opportunity to terminate your Subscription before such change becomes effective.
Your continued use of Service after the Subscription fee change comes into effect constitutes your agreement to pay the modified Subscription fee amount.
8. Refunds
We only issue refunds for purchases when the Service has not been rendered. Once we have sent out confirmation by email that an account has been created for you, we consider the Service to have been rendered.
Since email reception can be hindered by a variety of issues (including but not limited to errors in your email’s address, receiving the email in SPAM, your email system discarding the email), we consider the sole act of creating your account and sending the email sufficient to consider the Service to have been rendered.
9. Content
Our Service allows you to post, link, store, share and otherwise make available certain information, text, graphics, videos, or other material (“Content”). You are responsible for content that you post on or through the Service, including its legality, reliability, and appropriateness.
By posting content on or through the Service, You represent and warrant that: (i) the Content is yours (you own it) and/or you have the right to use it and the right to grant us the rights and license as provided in these Terms, and (ii) that the posting of your Content on or through Service does not violate the privacy rights, publicity rights, copyrights, contract rights or any other rights of any person or entity. We reserve the right to terminate the account of anyone found to be infringing on a copyright.
You retain all of your rights to any content you submit, post or display on or through the Service, and you are responsible for protecting those rights. We take no responsibility and assume no liability for Content you or any third-party posts on or through the Service. However, by posting content using the Service you grant us the right and license to use, modify, publicly perform, publicly display, reproduce, and distribute such Content on and through the Service. You agree that this license includes the right for us to make your Content available to other users of the Service, who may also use your Content subject to these Terms.
Atriafinancial LTD has the right but not the obligation to monitor and edit all Content provided by users.
In addition, Content found on or through this Service are the property of Atriafinancial LTD or used with permission. You may not distribute, modify, transmit, reuse, download, repost, copy, or use said Content, whether in whole or in part, for commercial purposes or for personal gain, without express advance written permission from us.
10. Prohibited Uses
You may use the Service only for lawful purposes and in accordance with our Terms & Conditions. You agree not to use Service:
10.1.1. In any way that violates any applicable national or international law or regulation.
10.1.2. For the purpose of exploiting, harming, or attempting to exploit or harm minors in any way by exposing them to inappropriate content or otherwise.
10.1.3. To transmit, or procure the sending of, any advertising or promotional material, including any “junk mail”, “chain letter,” “spam,” or any other similar solicitation.
10.1.4. To impersonate or attempt to impersonate the Company, a Company employee, another user, or any other person or entity.
10.1.5. In any way that infringes upon the rights of others, or in any way is illegal, threatening, fraudulent, or harmful, or in connection with any unlawful, illegal, fraudulent, or harmful purpose or activity.
10.1.6. To engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of the Service, or which, as determined by us, may harm or offend Company or users of Service or expose them to liability.
Additionally, you agree not to:
10.2.1. Use the Service in any manner that could disable, overburden, damage, or impair Service or interfere with any other party’s use of Service, including their ability to engage in real-time activities through the Service.
10.2.2. Use any robot, spider, or other automatic device, process, or means to access the Service for any purpose, including monitoring or copying any of the material on the Service.
10.2.3. Use any manual process to monitor or copy any of the material on the Service or for any other unauthorised purpose without our prior written consent.
10.2.4. Use any device, software, or routine that interferes with the proper working of Service.
10.2.5. Introduce any viruses, Trojan horses, worms, logic bombs, or other material which is malicious or technologically harmful.
10.2.6. Attempt to gain unauthorised access to, interfere with, damage, or disrupt any parts of Service, the server on which Service is stored, or any server, computer, or database connected to Service.
10.2.7. Attack Service via a denial-of-service attack or a distributed denial-of-service attack.
10.2.8. Take any action that may damage or falsify the Company’s rating or reputation.
10.2.9. Otherwise, attempt to interfere with the proper working of Service.
11. Analytics
We may use third-party Service Providers to monitor and analyse the use of our Services.
12. No Use By Minors
The service is intended only for access and use by individuals at least eighteen (18) years old. By accessing or using the Service, you warrant and represent that you are at least eighteen (18) years of age and with the full authority, right, and capacity to enter into this agreement and abide by all the terms and conditions of Terms. If you are not at least eighteen (18) years old, you are prohibited from both the access and usage of the Service.
13. Accounts
When you create an account with us, you guarantee that you are above the age of 18, and that the information you provide us is accurate, complete, and current at all times. Inaccurate, incomplete, or obsolete information may result in the immediate termination of your account on Service.
You are responsible for maintaining the confidentiality of your account and password, including but not limited to the restriction of access to your computer and/or account. You agree to accept responsibility for any and all activities or actions that occur under your account and/or password, whether your password is with our Service or a third-party service. You must notify us immediately upon becoming aware of any breach of security or unauthorised use of your account.
You may not use as a username the name of another person or entity or that is not lawfully available for use, a name, or trademark that is subject to any rights of another person or entity apart from you, without appropriate authorization. You may not use as a username any name that is offensive, vulgar, or obscene.
We reserve the right to refuse service, terminate accounts, remove or edit content, or cancel orders in our sole discretion. In particular, we will refuse service to residents of Cuba, Iran, North Korea, Syria, Crimea, Luhansk, Donetsk, in addition to any other jurisdiction blacklisted by the FATF or by one of our payment providers, any jurisdiction or region classified as state sponsor of terrorism, and any jurisdiction where our services may not be offered legally.
14. Intellectual Property
The service and its original content (excluding Content provided by users), features and functionality are and will remain the exclusive property of Atriafinancial LTD and its licensors. The service is protected by copyright, trademark, and other laws of any foreign countries. Our trademarks may not be used in connection with any product or service without the prior written consent of Atriafinancial LTD.
15. Copyright Policy
We respect the intellectual property rights of others. It is our policy to respond to any claim that Content posted on the Service infringes on the copyright or other intellectual property rights (“Infringement”) of any person or entity.
If you are a copyright owner, or authorized on behalf of one, and you believe that the copyrighted work has been copied in a way that constitutes copyright infringement, please submit your claim via email to support@traderslab.education, with the subject line: “Copyright Infringement” and include in your claim a detailed description of the alleged Infringement as detailed below, under “DMCA Notice and Procedure for Copyright Infringement Claims”
You may be held accountable for damages (including costs and attorneys’ fees) for misrepresentation or bad-faith claims on the infringement of any Content found on and/or through the Service on your copyright.
16. DMCA Notice and Procedure for Copyright Infringement Claims
You may submit a notification pursuant to the Digital Millennium Copyright Act (DMCA) by providing our Copyright Agent with the following information in writing (see 17 U.S.C 512(c)(3) for further detail):
16.1. an electronic or physical signature of the person authorized to act on behalf of the owner of the copyright’s interest;
16.2. a description of the copyrighted work that you claim has been infringed, including the URL (i.e., web page address) of the location where the copyrighted work exists or a copy of the copyrighted work;
16.3. identification of the URL or other specific location on Service where the material that you claim is infringing is located;
16.4. your address, telephone number, and email address;
16.5. a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law;
16.6. a statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright owner or authorised to act on the copyright owner’s behalf.
You can contact our Copyright Agent via email at support@traderslab.education.
17. Error Reporting and Feedback
You may provide us either directly at support@traderslab.education or via third-party sites and tools with information and feedback concerning errors, suggestions for improvements, ideas, problems, complaints, and other matters related to our Service (“Feedback”). You acknowledge and agree that: (i) you shall not retain, acquire or assert any intellectual property right or other right, title or interest in or to the Feedback; (ii) Company may have development ideas similar to the Feedback; (iii) Feedback does not contain confidential information or proprietary information from you or any third party; and (iv) Company is not under any obligation of confidentiality regarding the Feedback. In the event the transfer of the ownership to the Feedback is not possible due to applicable mandatory laws, you grant Company and its affiliates an exclusive, transferable, irrevocable, free-of-charge, sub-licensable, unlimited and perpetual right to use (including copy, modify, create derivative works, publish, distribute and commercialise) Feedback in any manner and for any purpose.
18. Links To Other Websites
Our Service may contain links to third-party websites or services that are not owned or controlled by Atriafinancial LTD.
Atriafinancial LTD has no control over, and assumes no responsibility for the content, privacy policies, or practices of any third-party websites or services. We do not warrant the offerings of these entities/individuals or their websites.
YOU ACKNOWLEDGE AND AGREE THAT COMPANY SHALL NOT BE RESPONSIBLE OR LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS CAUSED OR ALLEGED TO BE CAUSED BY OR IN CONNECTION WITH USE OF OR RELIANCE ON ANY SUCH CONTENT, GOODS, OR SERVICES AVAILABLE ON OR THROUGH ANY SUCH THIRD-PARTY Websites OR SERVICES.
WE STRONGLY ADVISE YOU TO READ THE TERMS OF SERVICE AND PRIVACY POLICIES OF ANY THIRD-PARTY Websites OR SERVICES THAT YOU VISIT.
19. Hold Harmless
EXCEPT AS PROHIBITED BY LAW, YOU WILL HOLD US AND OUR OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS HARMLESS FOR ANY INDIRECT, PUNITIVE, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGE, HOWEVER IT ARISES (INCLUDING ATTORNEYS’ FEES AND ALL RELATED COSTS AND EXPENSES OF LITIGATION AND ARBITRATION, OR AT TRIAL OR ON APPEAL, IF ANY, WHETHER OR NOT LITIGATION OR ARBITRATION IS INSTITUTED), WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE, OR OTHER TORTIOUS ACTION, OR ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, INCLUDING WITHOUT LIMITATION ANY CLAIM FOR PERSONAL INJURY OR PROPERTY DAMAGE, ARISING FROM THIS AGREEMENT AND ANY VIOLATION BY YOU OF ANY FEDERAL, STATE, OR LOCAL LAWS, STATUTES, RULES, OR REGULATIONS, EVEN IF COMPANY HAS BEEN PREVIOUSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. EXCEPT AS PROHIBITED BY LAW, IF THERE IS LIABILITY FOUND ON THE PART OF COMPANY, IT WILL BE LIMITED TO THE AMOUNT PAID FOR THE PRODUCTS AND/OR SERVICES, AND UNDER NO CIRCUMSTANCES WILL THERE BE CONSEQUENTIAL OR PUNITIVE DAMAGES. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF PUNITIVE, INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE PRIOR LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU.
20. Termination
We may terminate or suspend your account and bar access to Service immediately, without prior notice or liability, under our sole discretion, for any reason whatsoever and without limitation, including but not limited to a breach of Terms.
If you wish to terminate your account, you may simply discontinue using the Service.
All provisions of Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability.
21. Governing Law
These Terms shall be governed and construed in accordance with the laws of BVI, which governing law applies to the agreement without regard to its conflict of law provisions.
Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect. These Terms constitute the entire agreement between us regarding our Service, and supersede and replace any prior agreements we might have had between us regarding the Service.
22. Changes To Service
We reserve the right to withdraw or amend our Service, and any service or material we provide via the Service, in our sole discretion without notice. We will not be liable if for any reason all or any part of the Service is unavailable at any time or for any period. Occasionally, we may restrict access to some parts of the Service, or the entire Service, to users, including registered users.
23. Amendments To Terms
We may amend these Terms & Conditions at any time by posting the amended terms on this site. It is your responsibility to review these Terms periodically.
Your continued use of the platform following the posting of revised Terms means that you accept and agree to the changes. You are expected to check this page frequently, so you are aware of any changes, as they are binding on you.
By continuing to access or use our Service after any revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, you are no longer authorized to use the Service.
24. Waiver And Severability
No waiver by Company of any term or condition set forth in these Terms & Conditions shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of Company to assert a right or provision under these Terms & Conditions shall not constitute a waiver of such right or provision.
If any provision of Terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of Terms will continue in full force and effect.
25. Acknowledgement
BY USING THE SERVICE OR OTHER SERVICES PROVIDED BY US, YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS OF SERVICE AND AGREE TO BE BOUND BY THEM.
26. Contact Us
Please send your feedback, comments, requests for technical support by email: support@traderslab.education
II. TERMS AND CONDITIONS – SERVICES RENDERED
Services rendered
We offer the following services
– Demo MT4 accounts for the assessment of your trading abilities.
– Limited Power of Trading to a live and funded MT4 account in our name, and for our risk, in accordance with our rules and risk-parameters
– Trial accounts, which serve no other purpose than to get acquainted with the MT4 trading platform, your private analytics page, and the way we work with our clients in general
– Educational accounts, which serve no other purpose than to try to educate you on trading in general, and trading Forex on the MT4 platform in particular.
We will further refer to any of these services, or the total of, as “the Services”.
As Is
All our services are rendered as is. Although we strive to have our services up and running, and available to you at all times, technological issues out of our control may occur. Our promise to you is to resolve these issues as soon as possible. Should there be any discrepancies between information on your private analytics page and on MT4, the information on the MT4 platform will be deemed correct. We do ask you to notify us of any such occurrence. - Assessment Stage
To qualify for a funded account, you must successfully pass the assessment stage.
– There is no maximum time limit to achieve the required profit target (defined when you sign up). However, you may not break any disqualifying conditions. Doing so will end the assessment immediately.
– You must trade for a minimum of 30 active trading days. Both this requirement and the Profit Target requirement must be met to pass the assessment stage. An active trading day is defined as any weekday on which you open at least one trade. (Swing traders can opt to open at least 20 trades, on different days, and each with a minimum open duration of 3 days to meet this requirement.)
– TradersLab.io works with a Maximum Trailing Draw Down of 5% from the All-Time High (ATH) of your current account. This defines the maximum you may lose before incurring in a hard breach, which will result in you failing the assessment, AND your account being disabled.
The maximum drawdown also defines the total risk you are allowed to take (total of all Stop Loss).
For the ATH, we consider balance, never the equity
Breaching the max draw down limit with either balance or equity, will result in a hard breach, and you failing the assessment.
– The profit target to pass the assessment is 10% net profit or more. You cannot have any open positions or open orders when reaching this limit to claim success.
– You must also have completed the minimum trading days, and made the profit target to pass the assessment.
– After claiming success, we will manually review your trades for any infractions. This will normally not take more than 48 hours. If you did not commit any infractions, you will then be given trading power over a live account in accordance with the service ordered. - Live account stages and Growing your account
-There is no maximum time limit to achieve the required profit target (defined when you sign up). However, you may not break any disqualifying conditions. Doing so will result in the closing of all your positions and the disabling of your account.
-There is a requirement for a minimum of 25 active trading days to grow your account. An active trading day is defined as any weekday on which you open at least one trade.
– Swing traders can opt to open at least 16 trades, on different days, and each with a minimum open duration of 3 days to meet this requirement.
– Both the Duration requirement and the Profit Target requirement must be met to grow your account.
– If you decide you want to take an extended break (1 month +), you are required to give us fair notice so that we can liberate our funds/use our funds for other purposes. Upon your return, all funds will be returned to your account.
– TradersLab.io works with a mix of Trailing Draw Down and Fixed Draw Down. As long as you’re not at Break-Even with your max draw down limit, you will have a Trailing Max Draw Down of 5% from the All-Time High (ATH) of your current account. However, once your max draw down limit reaches the account size (being at break-even), the system changes to a Fixed Draw-Down, the draw-down limit being equal to the account size. Should you get back under break-even with balance or equity, the system will revert to Trailing Draw Down. Breaching the max draw down limit, with either balance or equity, will result in a hard breach. Doing so will result in the closing of all your positions and the disabling of your account.
– The profit target to grow your account is 10% net profit or more, accumulative over several months. You cannot have any open positions or open orders when reaching this limit and claiming success. Withdrawals will not affect your accumulated profit.
– You must have both completed the minimum trading days, and reached a cumulative profit of 10% to grow your account.
– After claiming success, we will manually review your trades for any infractions. This will normally not take more than 96 hours. If you did not commit any infractions, you will then be given a new account with more funding, according to the specification of the acquired package. - General rules and soft breaches
– You must place a Stop Loss on each and every trade. You will have a few seconds after placing an order to place a stop loss, after which you will be warned by email, and with an alert through the dashboard. If you do not place a stop after being warned, or before closing the trade, you will incur a soft breach. 3 soft breaches will lead to disqualification
– The total of all your Stop Losses can never be greater than your available risk. Always allow for some margin. If you do exceed your available risk, you will get a warning by email, and an alert through the dashboard. If you fail to bring the risk down to within parameters within the allotted time, you will incur a soft breach. Should this occur during assessment stage, the particular trade in question (and possibly other trades open at that moment) will not be counted for reaching your profit target, at our discretion. Should this happen on a live account, we reserve the right to close the position with either the greatest risk or the position with the greatest loss, at our discretion.
– We do not allow the use of following EAs/Robots/Scripts:
— Full Auto EAs and “Black Boxes”, unless they are the trader’s intellectual property. TradersLab is not a test bench for commercial EAs. We are looking for human traders, with a considerable capacity to adapt to changing marketing situations.
— Bad behaving EAs: we considered bad behaving EAs to be any EA that places needless orders, for example, but not limited to changing limit or stop orders to the same price, changing limit or stop orders multiple times per second, changing limit or stop orders back and forth between 2 prices; create an unnecessary load on our systems or that of the broker (especially HFT or High-Frequency Trading systems); in any other way do not adhere to “normal” trading behavior, with “normal” behavior as defined at our or the broker’s discretion. As a rule of thumb, any system generating more than 5,000 server messages will be considered “bad behaving”.
Furthermore, you are fully liable for the actions and results by the EA you wish to use, within the scope of our terms and conditions.
– We do not allow a trader to use his or her account at TradersLab as a slave account, in any kind of automated trade copy setup or social trading venue. Likewise, we ask you to not use any signal services that give you complete trades, which you just have to input into our system. We do allow you to use services that give you resistance and support levels as the basis for your own decisions.
– You are allowed to have multiple accounts simultaneously. However, you cannot execute the same trades on 2, or more, accounts. All accounts stand on themselves, and only the account(s) that reach all targets are eligible for an upgrade, be it to a live account or to grow.
– You should try to trade, as much as you can, the same size of trades, either in size (lots) or risk. This rule applies especially when the goal of changing lot size or risk is to circumvent the - minimum active trading days.
– After being disqualified for 3 soft breaches, or 1 hard breach, your account will be closed. However, you can start over from the beginning by requesting and paying a reset fee. You can request this through your personal analytics panel. Once done, you will get a new account, 2 stages lower than the account you were disqualified on. In certain cases, like willful misconduct, TradersLab.io can, at its own discretion, refuse you a reset or the opening of a new account.
– You incur a soft breach when: You do not place a stop loss on a trade, and close the trade without it having had a stop loss; you do not place a stop loss on a trade, and, after being warned, do not add a stop loss before the allotted time to do so runs out; you use too much risk, and, after being warned, do not lower the risk before the allotted time to do so runs out; you use certain EAs, and continue using them, after being warned and asked to stop using them; you flagrantly abuse the consistency rule; you have been warned for misconduct, yet keep acting the same way.
– Depending on the gravity of the case (you breaching our Terms and conditions), the gravity decided by TradersLab.io at its own discretion, you may be straight-out disqualified, with or without the right to a reset. Any tampering with ours, or our brokers systems; misuse or abuse of ours, or our brokers systems; cheating or circumventing rules, or willful misconduct, will lead to an immediate disqualification. - Tradable instruments.
You are allowed to trade the instruments that are present in the symbol list of the broker’s MT4 platform.
Trading conditions.
– Spreads vary from instrument to instrument and from time to time. Spreads during roll over can be several times higher than spreads during normal trading hours.
– Commissions
– Leverage - Profits and payouts
– TradersLab pays its traders a profit split of 75% on any profit made during the month. We calculate realized profits on the last day of the month, shortly before midnight. For the calculation of your profit, we consider your previous calculation balance, your current balance, and total open loss. Your new calculation balance is based on your account size and total open loss. After these calculations, your account either resets to the account size, or upgrades to the next stage.
– Profits are audited, and then paid out in accordance to the trader’s wishes, and available transfer channels.
Funding and Growing your account
– Your account will be initially funded with a certain amount of virtual money, depending on the package chosen, Once you complete the requirements for a live account, you will receive trading authority over a live account funded with the same amount of real money.
– Once you reach the Profit Target and comply with the minimum trading days on a live account, your account will be upgraded to a higher starting amount, according to the specific table for the acquired package.
Education and Analysis
– Free educational videos and articles included with all packages.
– Free daily analysis videos and articles included with all packages. - Refundable Fee
Your initial assessment fee (excluding any other fees) will be refunded when you pass stage 1 (demo account). You will receive this refund together with your first profit split.
Resets
You can “reset” your account by paying the corresponding reset fee (depending on account size). TradersLab will give you a new account equal to 2 stages lower than the account you reset. You can reset your account at any time you wish. The reset account will be disabled, and will no longer be available for trading. - Free trial
Free trials of our packages are available. A trial account lasts for 10 days, after which it will be disabled/deleted. A trader can only have 1 trial account in total. No rights to funding can be obtained from trial accounts. A trial account cannot be converted to an assessment account. A trial account’s sole purpose is to try out the MT4 platform, our services like the personal analytics page, and our broker’s services like fills, spreads, etc…
Educational package
– The fee for the education package is a monthly recurring fee, a subscription, as defined in these terms and conditions, with a monthly price shown at the home page and checkout page.
– The educational package includes free unlimited resets.
– The educational package if for education only. No rights to funding can be obtained from it.
– The educational package includes all our educational resources.
– The educational package includes all daily analysis of the markets. - Fees
Fees paid for packages are not to be considered deposits. All package fees are intended to cover operation costs, including, but not limited to, staff, technology, and other business expenses.
III. TERMS AND CONDITIONS – LIABILITY, DISCLAIMERS, AND WARNINGS
LIMITATION OF LIABILITIESIN NO EVENT WILL TradersLab, ITS PARENTS, SUBSIDIARIES, PARTNERS, OR AFFILIATES, OR THE RESPECTIVE SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, AND DIRECTORS OF EACH BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, EXEMPLARY, OR CONSEQUENTIAL DAMAGES, INCLUDING ANY LOST PROFITS, LOST DATA OR LOST OPPORTUNITY, NOR MONETARY HARM OR PROPERTY DAMAGE EVEN IF YOU OR ANY OTHER PERSON HAS NOTIFIED US ABOUT THE POSSIBILITY OF SUCH DAMAGES, OR FOR ANY CLAIMS BY ANY THIRD PARTIES, ARISING OUT OF OR IN ANY WAY RELATED TO THE ACCESS, USE, OR CONTENT OF OUR SITES OR SERVICES OR A LINKED WEBSITE OR IN RELIANCE OF ANY TOOL, FUNCTIONALITY INFORMATION OR OTHER CONTENT AVAILABLE IN CONNECTION WITH THE SERVICES WHETHER SUCH CLAIMS ARE BROUGHT UNDER ANY THEORY OF LAW OR EQUITY.TradersLab RESERVES THE RIGHT TO MODIFY, CHANGE, REPLACE, ADD, OR REMOVE ANY ELEMENTS AND FUNCTIONS OF THE SERVICES AT ANY TIME WITHOUT ANY COMPENSATION. TradersLab IS NOT RESPONSIBLE FOR ITS FAILURE TO PROVIDE THE SERVICES IF THAT FAILURE OCCURS DUE TO TECHNICAL OR OPERATIONAL REASONS BEYOND TradersLab’ CONTROL, IN THE CASE OF ANY CRISIS OR IMMINENT CRISES, NATURAL DISASTER, WAR, INSURRECTION, GOVERNMENT ACTION, PANDEMIC, A THREAT TO NUMEROUS PEOPLE OR OTHER FORCE MAJEURE EVENTS, OR IF TradersLab IS PREVENTED FROM PROVIDING THE SERVICES AS A RESULT OF ANY OBLIGATIONS IMPOSED BY LAW OR A DECISION OF A PUBLIC AUTHORITY.
TradersLab IS NOT RESPONSIBLE FOR ANY PRODUCTS, SERVICES, APPLICATIONS, OR OTHER THIRD-PARTY CONTENT THAT YOU USE IN CONNECTION WITH THE SERVICES.
IN NO EVENT WILL OUR LIABILITY FOR ANY CLAIM OF ANY KIND, WHETHER BASED IN CONTRACT, WARRANTY, TORT, STRICT LIABILITY, OR OTHERWISE, FOR ANY LOSSES OR DAMAGES ARISING OUT OF, CONNECTED WITH, OR RESULTING FROM, THESE TERMS OR THE PERFORMANCE OR BREACH THEREOF, OR ANY PRODUCT OR SERVICE OR THE USE OR PERFORMANCE THEREOF, EXCEED THE GREATER OF (A) THE AMOUNT PAID BY YOU TO TradersLab IN THE IMMEDIATELY PRECEDING MONTH FOR TradersLab’ PRODUCTS OR SERVICES OR (B) $500.
THIS LIMITATION ON LIABILITY INCLUDES TRANSMISSION OF VIRUSES THAT INFECTS YOUR EQUIPMENT, MECHANICAL OR ELECTRONIC EQUIPMENT FAILURE, FAILURE OF COMMUNICATION LINES, TELEPHONE, OR OTHER INTERCONNECTS, UNAUTHORIZED ACCESS, THEFT, OPERATIONAL ERRORS, OR ANY FORCE MAJEURE.
- DISCLAIMER OF WARRANTIESTradersLab EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE CONTENT, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. TradersLab DOES NOT WARRANT OR REPRESENT THAT THE FUNCTIONS OR OPERATIONS OF TradersLab’ SITES OR SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT TradersLab’ SITES OR SERVICES, ITS SERVERS, OR ANY E-MAIL SENT FROM TradersLab ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
TradersLab DOES NOT WARRANT THAT YOUR ACTIVITIES OR USE OF THE SITES OR SERVICES ARE LAWFUL IN ANY PARTICULAR JURISDICTION AND, IN ANY EVENT, TradersLab SPECIFICALLY DISCLAIMS SUCH WARRANTIES. BY USING THE SITES OR SERVICES, YOU ACT AT YOUR OWN RISK, AND YOU REPRESENT AND WARRANT THAT YOUR ACTIVITIES ARE LAWFUL IN EVERY JURISDICTION WHERE YOU ACCESS OR USE THE SITES OR SERVICES.
YOU ACKNOWLEDGE THAT THE SERVICES AND OTHER CONTENT ARE PROVIDED “AS IS” WITH ALL THEIR ERRORS, DEFECTS AND SHORTCOMINGS AND THAT THEIR USE IS AT YOUR SOLE RESPONSIBILITY AND RISK.
WITHOUT LIMITING THE ABOVE, TO THE MAXIMUM EXTENT PERMITTED BY LAW, TradersLab DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, SECURITY OR ACCURACY WITH REGARD TO ANY LINKED WEBSITE. TradersLab DOES NOT ENDORSE AND IS NOT RESPONSIBLE FOR THE CAPABILITIES OR RELIABILITY OF ANY PRODUCT OR SERVICE OBTAINED FROM A LINKED WEBSITE.
THE INFORMATION, PRODUCTS, SOFTWARE OR SERVICE DESCRIPTIONS PUBLISHED ON OUR SITE OR ON A LINKED WEBSITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. THE COMPANY DISCLAIMS LIABILITY FOR SUCH ERRORS AND DOES NOT WARRANT OR REPRESENT THAT THE CONTENT ON OUR SITE OR A LINKED WEBSITE IS UPDATED OR COMPLETE. TradersLab HAS NO OBLIGATION TO UPDATE ANY CONTENT ON OUR SITE, AND MAY CHANGE OR IMPROVE OUR SITE AT ANY TIME WITHOUT NOTICE.
WE DO NOT ENDORSE AND ARE NOT RESPONSIBLE FOR THE ACCURACY OR RELIABILITY OF ANY OPINION, ADVICE, OR STATEMENT MADE THROUGH OUR SITES OR SERVICES BY ANY PARTY OTHER THAN US.
NOT LEGAL ADVICE
Nothing on this site, or in communications from us in any form or through any type of media, should be considered legal advice. You should seek independent legal advice If you have any doubts about a possible legal issue with any of the information, either on this site or received from us through any other means.
THIRD-PARTY SERVICES
OUR SITES OR SERVICES MAY REFER TO THIRD-PARTY SERVICES. YOU ARE RESPONSIBLE FOR PERFORMING YOUR OWN DUE DILIGENCE AND EVALUATING WHETHER ANY THIRD-PARTY SERVICES ARE APPROPRIATE FOR YOU. YOU AGREE THAT TradersLab IS NOT RESPONSIBLE FOR ANY INJURY, HARM, DAMAGES, OR NEGATIVE EXPERIENCE YOU MAY ENCOUNTER BY ACCESSING OR USING SUCH THIRD-PARTY SERVICES. IF YOU ACCESS, VISIT, OR USE ANY THIRD-PARTY SERVICES REFERRED TO ON OUR SITES OR SERVICES, YOU DO SO AT YOUR OWN RISK.
CFTC DISCLAIMER
CFTC RULE 4.41 – ALL HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVE NOT ACTUALLY 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 OR HYPOTHETICAL 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 PROFITS OR LOSSES SIMILAR TO THOSE BEING SHOWN.
NOT INVESTMENT ADVICE OR INVESTMENT SERVICES
THE SERVICES ARE NOT, AND MAY NOT BE CONSIDERED, INVESTMENT SERVICES. TradersLab DOES NOT GIVE OR PROVIDE TO YOU ANY GUIDANCE, INSTRUCTIONS, OR INFORMATION ABOUT HOW OR IN WHICH MANNER YOU SHOULD PERFORM TRANSACTIONS WHEN USING THE SERVICES OR OTHERWISE, OR ANY OTHER SIMILAR INFORMATION ABOUT THE INVESTMENT TOOLS TRADED, NOR DO WE ACCEPT ANY SUCH GUIDANCE, INSTRUCTIONS, OR INFORMATION FROM YOU. NONE OF THE SERVICES CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATIONS. NO EMPLOYEES, STAFF, OR REPRESENTATIVES OF TradersLab ARE AUTHORIZED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. SHOULD ANY INFORMATION OR STATEMENT OF ANY EMPLOYEE, STAFF, OR REPRESENTATIVES OF TradersLab BE INTERPRETED AS INVESTMENT ADVICE OR RECOMMENDATIONS, TradersLab EXPLICITLY DISCLAIMS THAT THE SAME IS INVESTMENT ADVICE OR RECOMMENDATIONS AND SHALL NOT BE RESPONSIBLE FOR THEM.
ALL CONTENT PRESENT ON THE SITE IS PROVIDED “AS IS,” WITHOUT ANY WARRANTIES CONCERNING THE CONTENT’S NATURE OR ACCURACY, EITHER WHEN POSTED OR AS A RESULT OF THE PASSAGE OF TIME, AND WITHOUT ANY REPRESENTATIONS OR GUARANTEES.
NOT A BROKER-DEALER
YOU ACKNOWLEDGE AND AGREE THAT WE ARE NOT A BROKER-DEALER, AS SUCH TERM IS USED IN THE UNITED STATES OR EU FINANCIAL SERVICES REGULATIONS, AND THAT WE DO NOT TRADE SECURITIES ON 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 SITE AND/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 SITE AND/OR SERVICES, OR YOUR INTERACTION WITH OTHER USERS, EMPLOYEES, STAFF, OR REPRESENTATIVES OF TradersLab.
TradersLab LIMITED DOES NOT ACCEPT ANY DEPOSITS FOR TRADING PURPOSES. FEES PAID FOR PACKAGES ARE NOT TO BE CONSIDERED DEPOSITS. ALL PACKAGE FEES ARE INTENDED TO COVER OPERATION COSTS, INCLUDING, BUT NOT LIMITED TO, STAFF, TECHNOLOGY, AND OTHER BUSINESS EXPENSES.HIGH-RISK INVESTMENTS
TRADING FINANCIAL INSTRUMENTS ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO TRADE ON MARGIN, YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT OBJECTIVES, LEVEL OF EXPERIENCE, AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS IN EXCESS OF YOUR INITIAL INVESTMENT WHEN TRADING ON YOUR OWN ACCOUNT. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH TRADING ON MARGIN, AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS.