SIMULATED VANQUISH TRADING PROGRAM TERMS & CONDITIONS
1. INTRODUCTION & DISCLOSURE
These are the Terms and Conditions (“Terms”) for the Simulated Vanquish Trading Program (the “Program”), by Vanquish Trading (“Vanquish”). This Program offers monthly paid subscribers of the Vanquish Trading services the opportunity to educate themselves on trading using a simulated market environment and earn performance-based payouts on their individual simulated trading performance. Upon completion of a simulated funding evaluation, Vanquish will email the monthly paid subscriber at the email registered in connection with their Vanquish account a certificate indicating they have passed the evaluation stage and are now eligible to trade on a performance account with their purchased simulated balance (a “Performance Account”). Once the monthly subscriber sets up their Performance Account on the designated trading platform (the “Platform”), they will become eligible to participate in the Program. Once eligible, you will receive a certificate of completion and invitation from Vanquish to participate in the Program (a “Qualified Customer”, or “you” or “your”).
This Program allows a Qualified Customer to participate in a simulated trading environment that allows them to practice buying and selling stocks without risking real money. This Program is not an investment opportunity. Qualified Customers will not deposit any cash funds, and Vanquish does not require cash, to engage in Program participation. At no time will a Qualified Customer risk their own capital trading on the Platform. Simulated results do not represent actual trading, and there are no promises of rewards or returns. To earn performance-based payouts, you must have sufficient trading knowledge, experience, and skills to perform under the program requirements, restrictions, and guidelines.
Hypothetical performance results have many inherent limitations, and no representation is being made that any investment account utilizing real monetary funds will or is likely to achieve profits or losses similar to those shown. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any trading program. All Qualified Customer trades are considered hypothetical and should not be expected to be replicated in a live trading account. Trading contains substantial risk and is not for every investor.
The Program is subject to all applicable federal, state, and local laws and regulations and is void where prohibited.
2. ELIGIBILITY.
The Program is open to those who meet all the following criteria:
Evaluation Phase Disclaimer: The evaluation provides subscribers access to a simulated market environment in live time to be as realistic and accurate to trading a live market. The pass rate of the evaluation program is estimated to be 10% to 12% of potential customers. The evaluation phase may not be suitable for novice traders and can be difficult to pass for even experienced traders.
If a subscriber does pass the evaluation phase, to continue to participate in the Program, a Qualified Customer must maintain an account with the relevant risk profile and continue to pay the monthly subscription fee per Account Type.
Each Qualified Customer is only allowed one Performance Account per Account Type. A Qualified Customer may have up to five Performance Accounts if the evaluation phase is passed for each of the Stocks, Options, Futures, Crypto, or Fortex account types. Any attempt to obtain more than one Performance Account in any of the five Account Types by using multiple/different email addresses, identities, registrations, logins, or any other methods will cause a Qualified Customer to be disqualified from all additional Performance Accounts. Vanquish will determine which Performance Account to close, at its sole discretion. If a dispute occurs as to the identity of the account holder, a Performance Account will be deemed created by the authorized account holder of the email address submitted with the Account Type monthly subscription. The authorized account holder is the natural person assigned to the email address by an internet access provider, online service provider, or other organization responsible for assigning email addresses or the domain associated with the submitted email address. You may be required to show proof of being the authorized account holder. No mechanical reproductions permitted.
The Program is not open to persons banned by Vanquish, or any others that do not meet the Program requirements, at Vanquish’s sole discretion. Vanquish, its respective parent companies, subsidiaries and affiliates, distributors, dealerships, and companies involved in the implementation and execution of the Program, and their employees, directors and officers and their immediate families (spouses and siblings, parents and children and their spouses) and household members (collectively the “Program Entities”) are not eligible to participate in the Program.
Qualified Customer’s will participate in this Program as if they were making actual trades, and must abide by all applicable laws, rules, and regulations in connection with participation in the Program.
Each Program start/end date will depend on a Qualified Customer’s subscription start date per Performance Account. If Vanquish suspends or cancels the program, the last date of the Program will be advertised on the Qualified Customer’s Platform dashboard. The Performance Account payouts will be distributed on an ongoing basis as defined below.
4. HOW TO ACCESS AND ENTER.
5. HOW TO PARTICIPATE.
The objective of the Program is to maintain a simulated trading account and prove strong risk management skills though any qualified futures, options and stock retail trader, and pro/or trader traders.
You must first pay for a monthly subscription and pass an evaluation phase. Once you pass the evaluation phase and become a Qualified Customer, you will set up your Performance Account.
If you are not successful in passing the evaluation, you may re-take the evaluation at a discounted rate by hitting “reset account.” Because a subscription for the evaluation is reset monthly, you are allowed to retry instead of waiting for a new subscription month. Below are the reset amounts for each account size, which must be paid to maintain the monthly subscription after the evaluation phase failure.
Buying power | 10,000 | 50,000 | 75,000 | 100,000 | 150,000 | 200,000 | 250,000 | 300,000 |
Monthly Subscription | $99.00 | $250.00 | $375.00 | $500.00 | $750.00 | $1,000.00 | $1,250.00 | $1,500.00 |
Reset cost | $39.00 | $55.00 | $85.00 | $110.00 | $165.00 | $220.00 | $270.00 | $325.00 |
Qualified Customers will execute trades in their Performance Accounts. One trade equals open and closed position. Any trade that takes unrealized or realized drawdowns will reduce the amount in your Performance Account. A drawdown could occur if opening a trade goes against you and you close the trade, or you do not close a trade and hit maximum drawdown limit causing the account to close. Vanquish does not allow overnight positions, so all trades will close out at market close for that specific instrument. Equites and Options are available from 9:30AM - 4:00PM EST, and Futures, Forex, Crypto are available from 6:00PM - 5:00PM EST. Holding trades over the weekend refers to keeping specific instrument positions open after close Friday. Qualified Customers should refrain from executing trades during this window of time, after which your dashboard will reset with your new daily level.
Vanquish Trading’s risk system uses a defined maximum drawdown, minimum trades, and trailing drawdown to make sure Qualified Customers are using sophisticated risk management in their decision making. The maximum drawdown is 3% on Futures, Forex, Equities, and Crypto, and Options trades get a maximum drawdown of 5% due to the higher volatility of the products traded. The drawdown is relative to a Qualified Customer’s maximum profit target which is 6% and 10% for options trades. If the balance of your Performance Account is under the Target PNL for Options, or for Equities/Futures/Forex/Crypto, you either will not qualify for a payout, or you will only qualify for the amount that correlates with your Account Balance.
To be eligible for a payout, you must be within the risk rules parameters as defined below, depending on the balance of your Performance Account.
Options
Account Balance | 10k | 50k | 75k | 100k | 150k | 200k | 250k | 300k |
Target PNL | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% |
Max Drawdown | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
Drawdown Type | Trailing | Trailing | Trailing | Trailing | Trailing | Trailing | Trailing | Trailing |
Amount of trades to pass | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Equities/Futures/Forex/Crypto
Account Balance | 10k | 50k | 75k | 100k | 150k | 200k | 250k | 300k |
Target PNL | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% |
Max Drawdown | 3% | 3% | 3% | 3% | 3% | 3% | 3% | 3% |
Drawdown Type | Trailing | Trailing | Trailing | Trailing | Trailing | Trailing | Trailing | Trailing |
Amount of trades to pass | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Only trades that are actually received and recorded through the Platform during the applicable periods each month will be recorded. For purposes of this Program, a trade is “received” when the Platform servers record the information. Proof of sending does not constitute proof of actual receipt of a trade. VANQUISH DOES NOT WARRANT, GUARANTEE OR MAKE ANY REPRESENTATION REGARDING THE USE OR THE RESULTS OF THE USE OF THE PLATFORM IN TERMS OF ITS CORRECTNESS, ACCURACY, RELIABILITY, TIMELINESS OR OTHERWISE. Vanquish is in no way responsible or liable for any trade that a Qualified Customer believes was submitted but that is not reflected in their Performance Account. There is no guarantee that Qualified Customers will be able to access the Platform whenever and wherever they want, and Vanquish is not liable for any delay or failure of the Platform. There may be extended periods of time when Qualified Customers cannot access the Platform. Market volatility, trading volumes, system performance and other factors may delay system access and response times. No corrections or adjustments will be made for trades or attempted trades affected by the operation or downtime.
Vanquish uses an internal trader/user analysis system that makes sure Qualified Customers aren’t exploiting rules or potential market events. Qualified Customers are expressly prohibited from:
If Vanquish has evidence or suspects a Qualified Customer has engaged in any of the above activities, or who are caught exploiting rules, will be given a strike on their Performance Account and will be contacted of the decision made, including a reset of their Performance Account(s). If a Qualified Customer receives three (3) strikes on their Performance Account, they will be banned from the Platform and terminated from the Program, at Vanquish’s sole discretion.
At the occurrence of a termination, the following measures will take effect:
6. PERFORMANCE ACCOUNT PAYOUTS.
Payouts will be awarded to Qualified Customers, depending on the balance of their Performance Account:
Trader consistency rule:
In evaluation and Performance Account, no one trade can make up for 30% of total profits.
Payout rules:
The total payout received by a Qualified Customer depends on the number of successful trades above their initial simulated balance and the relative skill of the Qualified Customer. A Qualified Customer can request any amount, as long as there is an adequate balance and they qualify for that payout amount, or they may choose to not withdraw and continue to allow their Account Balance to increase to trade with the larger balance.
Qualified Customers that do not withdraw their payouts by the end of the last day of the Program will not lose the right to withdraw the payout. However, Vanquish reserves the right to announce a Program payout deadline. If Vanquish announces a deadline, this date will be disclosed on Qualified Customer’s Platform account. Any cash payout is awarded in Vanquish’s sole discretion.
7. PAYOUT NOTIFICATION AND TERMS
If a Qualified Customer is eligible for a payout, they will see on their personal account dashboard a request button that is only actionable when eligible for a payout. To obtain the payout, a Qualified Customer must affirmatively request it. When a payout is requested, the Qualified Customer will be required to confirm they are the qualified account holder, and Vanquish may require you to submit copies of valid government-issued identification prior to any Program payout. To be considered current and eligible for a payout, Qualified Customer’s Performance Account information must match the information listed on Qualified Customer’s valid government-issued identification, namely the Qualified Customer’s first and last name, address, date of birth, and zip code.
After verification by Vanquish, the payout will be credited to Qualified Customer’s account, unless the Performance Account is closed due to trading performance or disqualification based on trading behavior. Qualified Customers who do not follow all these instructions, and/or do not abide by these Terms or other instructions may be disqualified at Vanquish’s sole discretion.
Vanquish reserves the right to conduct a background check concerning any Qualified Customer, including without limitation checking publicly available information contained in civil and criminal court records, police reports, and social media. To the extent necessary under law, Qualified Customer shall authorize such background check and acknowledge that Vanquish has a legitimate business need for such background check. Vanquish may also take all steps necessary to corroborate any information provided to Vanquish by Qualified Customer. In that regard, you will be obligated to provide necessary contacts and information (including but not limited to full legal name, home address, telephone number and date of birth) so that Vanquish may conduct such background check and internal vetting. Vanquish reserves the right, at its sole discretion, to disqualify you from the Program based on the background check or internal vetting.
Payouts may not be transferred or assigned, and no other payout substitution may be made, except by Vanquish who reserves the right to substitute a payout in whole or in part with another award of comparable or greater value if the intended payout is not available for any reason, or if distribution of the intended payout to the Qualified Customer is not possible for any reason, as determined by the Vanquish in its sole discretion. The Qualified Customer will be responsible for all other fees and expenses related to accepting and/or using the payout not listed in these Terms. The Qualified Customer will be responsible for all taxes (including but not limited to federal, state, local and/or income) on the payout. Qualified Customer will be issued an IRS 1099-MISC tax form for the payout value, if applicable, and this form must be completed, or the Qualified Customer is ineligible to receive the payout. No warranty or guarantee will be given by Vanquish with respect to any payout. Vanquish is not responsible for any tax related to this Program.
8. GENERAL CONDITIONS/RELEASE.
Neither Vanquish, Program Entities, nor any service provides are will be held liable for your inability to satisfy the eligibility requirements of the Program or ability to trade as the result of any technical malfunction of the internet, the Platform, or your own computing system, nor will Vanquish be liable for any lost/delayed data transmission, omission, interruption, deletion, defect, line failures of any telephone network, computer equipment, software, or any other error or malfunction, or any injury or damage to you or any other person’s computer arising out of, related to or resulting from participation in the Program. You accept all risks associated with trading over the internet, mobile applications, the Platform, and downloadable software.
CAUTION: ANY ATTEMPT BY AN Qualified Customer OR ANY OTHER INDIVIDUAL TO DELIBERATELY DAMAGE ANY WEBSITE, TAMPER WITH THE PROGRAM, OR OTHERWISE UNDERMINE THE LEGITIMATE OPERATION OF THE PROGRAM MAY BE A VIOLATION OF CRIMINAL AND CIVIL LAWS AND SHOULD SUCH AN ATTEMPT BE MADE, VANQUISH RESERVES THE RIGHT TO COOPERATE IN THE PROSECUTION OF ANY SUCH INDIVIDUAL(S) AND TO PURSUE ALL REMEDIES TO THE FULLEST EXTENT PERMITTED BY LAW.
Failure to enforce any term of these Terms shall not constitute a waiver of that provision. If for any reason the Program is not capable of being executed as planned, or infection by computer virus, bugs, tampering, unauthorized intervention, fraud, action of Qualified Customers, technical failures or any other causes which in the opinion of Vanquish, corrupt or affect the administration, security, fairness, integrity, or proper conduct of this Promotion, Vanquish reserves the right at its sole discretion to disqualify any suspect entry or Qualified Customer and/or to cancel, terminate, modify or suspend the Program.
9. DISPUTES/CHOICE OF LAW.
Except where prohibited, each Qualified Customers agrees that (a) Delaware law, without reference to such state’s choice of law rules, governs the Program and all aspects related thereto, (b) any and all disputes, claims and causes of action arising out of or connected with the Program or any payout awarded shall be resolved individually, without resort to any form of class action, and exclusively by state or federal courts situated in Delaware; (c) any and all claims, judgments and awards shall be limited to actual out-of-pocket costs incurred, but in no event attorneys’ fees; and (d) no punitive, incidental, special, consequential or other damages, including without limitation lost profits may be awarded, and each Qualified Customer hereby waives any rights to such damages.
10. MISCELLANEOUS.
Vanquish is not offering investment advice or an opinion regarding the nature, potential value, suitability, or profitability of any particular transaction in the simulated environment or in a non-simulated environment. Due to continuously changing market conditions, successful trading in a simulated trading environment does not guarantee successful investing of actual funds during a later time period. Trades conducted on the Platform should not be considered personalized investment advice.