GENERAL TERMS AND CONDITIONS
The Trading Pit Challenge GmbH
V5.08.26
By agreeing to these GTC, you agree to the entire content of this document, including all Schedules. If you do not agree with any part of these GTC, please do not use our Services.
Introduction
The following General Terms and Conditions (hereinafter "GTC" or "Terms") govern your ("you", "your", or the "User") rights and obligations in connection with the use of the educational and training programs in the field of simulated securities trading and related services offered by The Trading Pit Challenge GmbH. The Trading Pit Challenge GmbH operates as The Trading Pit ("TTP", "TTP Challenge GmbH", "we" or "our"), a company registered in the Commercial Register of the Office of Justice of the Principality of Liechtenstein under registration number FL-0002.693.417-1, with its seat in Vaduz. Our goal is to provide you with the education and tools necessary to develop the skills required to succeed in securities trading. Our Products and other Services have been designed with this goal in mind.
All trading activities that you carry out at TTP are fully simulated. At no time are real funds used by you. The funds made available to you on Demo Trading Accounts are fictitious and have no monetary value.
These GTC, together with the applicable Schedules A and B, constitute the entire agreement between you and TTP. The Schedules form an integral part of these GTC. In the event of any inconsistency between the main body of these GTC and a Schedule, the Schedule shall prevail in its respective area of regulation. The order of precedence between these GTC and other documents referenced herein is set out in Clause 21.1.
Definitions of the terms used in these GTC can be found in Clause 22 (Definitions) at the end of this document.
By registering on our Website or using our Services, you confirm your agreement to these GTC. We note that you had the opportunity to review these GTC prior to entering into the contract. If you do not agree with these GTC, please do not use our Services.
1. Eligible Users and Access Requirements
1.1 Eligibility
You are only entitled to use our Services if you are a natural person who has reached the age of 18, who has no final conviction for a financial crime or an offense related to the financing of terrorism, and who is not subject to any restrictions based on nationality or place of residence pursuant to the Restricted Jurisdictions rules (Clause 1.2).
1.2 Restricted Jurisdictions
Our Services are legally restricted or entirely prohibited in certain countries and jurisdictions. You are obliged to independently verify the laws and regulations applicable in your country of residence before using our Services. By registering, you confirm that you will use our Services exclusively in accordance with the applicable laws. We reserve the right to exclude or block Users from certain jurisdictions from using our Services.
1.3 Accuracy of Information and Obligation to Update
Upon registration, you must provide your full correct name and current residential address, which must correspond to a government-issued photo identification document and a proof of residence document, respectively. All data you submit must be complete, truthful, and up to date. Any changes to your data must be notified to us immediately by email to [email protected]. You are responsible for ensuring that all data you provide is accurate and up to date at all times. In the event of discrepancies, we reserve the right to close the Client Account.
1.4 Identity Verification
We are entitled to carry out an identity verification (KYC Process) at any time, in particular prior to entry into the Funded Phase (Clause 7). The KYC Process may be conducted through automated verification systems, including biometric identification and artificial intelligence-based tools. As part of the KYC Process, you are required to submit, in particular, the following documents:
1.4.1 a color copy of your valid passport or national identity card; and
1.4.2 a recent proof of residence (e.g., utility bill, bank statement) not older than ninety (90) Calendar Days showing your current residential address.
1.5 Single Client Account Principle
All your Services and orders are managed through one Client Account identified by a unique email address. Only one Client Account is permitted per User. You are prohibited from creating multiple Client Accounts by registering with different email addresses or under different identities. Our identification process is designed to detect such instances, including through automated means. A breach of this obligation constitutes an abuse of our Services. If multiple Client Accounts are identified, we are entitled to: (i) terminate all affected Client Accounts and Demo Trading Accounts with immediate effect and without prior notice; (ii) deny any refund of Product Fees already paid; and (iii) forfeit all Reward entitlements that were generated on accounts tainted by the abusive registration or during the period in which the abusive conduct was ongoing. You may contest any forfeiture determination through the complaints procedure in Clause 12.
1.6 Prohibition of Third-Party Payments
Third-party payments are not allowed. The name registered with TTP, the name registered for the purchase of Products, and the name of the person receiving potential Rewards must all be identical. Purchases using payment methods of different persons to the person registered with TTP will be refunded and the Client Account and all associated Demo Trading Accounts will be closed. Attempted Reward payments to third parties will lead to the cancellation of the Reward and closure of the Client Account. The first Reward shall only be made after full and satisfactory completion of the KYC Process.
1.7 Entrepreneur Status
1.7.1 A consumer within the meaning of these GTC is any natural person who enters into a legal transaction for purposes that can be attributed neither to their commercial nor to their independent professional activity.
1.7.2 An entrepreneur within the meaning of these GTC is any natural person who, when entering into a legal transaction, acts in the exercise of their commercial or independent professional activity.
2. Nature of Our Services – No Financial Services Offering
2.1 Educational Program
TTP is exclusively a provider of educational and training programs in the field of simulated securities trading. Our Services are designed for the purpose of knowledge transfer, practical training through simulations, and the development of trading discipline and risk management skills. We are not a broker, asset manager, investment firm, fund manager, or regulated financial services firm.
2.2 No Financial Services
2.2.1 None of the Services provided by us constitutes an investment service, investment advice, investment brokerage, portfolio management, or any other securities service within the meaning of applicable financial market laws.
2.2.2 TTP considers, and the Services have been designed on the basis, that none of the Services provided by us is subject to the laws and regulations governing the financial sector in the countries in which we offer our Services. TTP is neither supervised nor regulated by the Liechtenstein Financial Market Authority (FMA) or any comparable supervisory authority in other countries. Consequently, you do not enjoy any regulatory protection in connection with our Services as would be provided for regulated financial services.
2.3 No Real Trading by the User
All trading activities that you carry out within the scope of our Services take place exclusively on Demo Trading Accounts, are fully simulated, and serve educational and training purposes. You do not trade with real capital at any time. Market data is used for simulated trading; any trading you perform through our Services is not real.
2.4 Fictitious Account Balance with No Monetary Value
The funds made available to you on the Demo Trading Account are fictitious. You have no right to dispose of such fictitious funds beyond the scope of their use within our Services. Fictitious Account Balances have no monetary value and do not give rise to any entitlement to payment of such balance.
2.5 Use of Trading Data
2.5.1 We may use Trading Data from Users, at our sole and unfettered discretion, to develop, test, and improve our products, tools, and services, including for research, analytics, and model development purposes. We may also, from time to time, engage in limited trading activity using our own capital, which may draw on insights derived from Trading Data. Any such trading activity is undertaken independently of your activities and is legally separate from our Services to you. You have no influence over any such trading, and no ownership interest in any accounts or capital we use for it.
2.5.2 Any Rewards that may be paid to you in the Funded Phase (Clause 7) constitute consideration for the generation and provision of Compliant Trading Data. The amount of such Rewards is determined in accordance with Schedule A by reference to the extent to which the Trading Data generated constitutes Compliant Trading Data. Rewards do not represent a share of profits from trading, a return on investment, or a financial instrument.
2.6 Express Acknowledgements by the User
By using our Services, you expressly acknowledge and confirm:
2.6.1 you use our Services exclusively for educational and training purposes;
2.6.2 you understand that all trading activities at TTP are simulated, that no real capital is used at any time, and that Fictitious Account Balances have no monetary value and give rise to no payment entitlement;
2.6.3 you acknowledge that past results in demo trading are not a guarantee or indication of future results in real trading;
2.6.4 you are not a person from a Restricted Jurisdiction and have no final conviction for financial crime or terrorism.
3. Orders, Contract Formation, and Fees
3.1 Registration
To use all functions of the Website and access the Client Area, you must first register by providing the required data and submitting your registration. By completing registration, you enter into a contract with TTP governed by these GTC in their then-current version, which becomes binding on the relationship between you and us from the completion of registration, regardless of whether you subsequently order any Products. The version of the GTC applicable to your registration is the version published on the Website at the time you complete registration, subject to any subsequent amendment in accordance with Clause 19.
3.2 Orders
Once registered, you may order Products via the Client Area by selecting the desired Product Category, Product Variant, and associated Product Parameters, and confirming your selection accordingly. During the ordering process, you also select the Trading Platform designated for your Product. The presentation of our Services on the Website does not constitute a binding offer on our part; only your order constitutes a binding offer to purchase the selected Product. The version of these GTC applicable to a given order is the version published on the Website at the time you submit that order, which may differ from the version applicable at the time of your registration. By ticking the corresponding declaration when completing an order, you expressly confirm your acceptance of these GTC (including any Product-specific terms) as then applicable to that order.
Information on any statutory right of withdrawal, and its scope and exclusions, is set out in Clause 13 (Right of Withdrawal).
Each Product Contract (Clause 3.3) results, upon its formation, in the creation of a separate Demo Trading Account for the ordered Product. Where you place multiple orders, a separate Demo Trading Account will be created for each Product Contract accordingly.
3.3 Formation of the Product Contract
3.3.1 The Product Contract is formed upon TTP's dispatch of the order confirmation pursuant to Clause 3.3.2, provided the User has completed the ordering process in accordance with Clause 3.2. Each order results in a separate Product Contract.
3.3.2 Upon receipt of your payment, we will send you an order confirmation by email. We archive each order in electronic form. You may access it at any time via your Client Area. The parameters selected by you at the time of ordering cannot be changed by you after completion of the order. We reserve the right to reject orders at our discretion, in particular if you are from a Restricted Jurisdiction or if there are indications of abuse. In the event of a rejection by us, we will refund the Product Fee paid without undue delay.
3.4 Fees for Products
The Product Fee is a fee that varies depending on the Product selected. Additional fees may apply at other Product Phases or in connection with specific events (in particular fees payable upon successful completion of an evaluation or challenge, and recurring or subscription-based fees where applicable to the Product selected). Fees may be introduced, modified, removed, or reintroduced at any time at our discretion. The applicable fees in effect at the time of your order are published on our Website on the respective Product Category page and are binding at the time of your order. Fees are denominated in Euro (EUR) for Users resident in the European Union and in US-Dollar (USD) for all other Users.
3.5 Tax Provisions
The Product Fee is inclusive of any value added tax owed or required to be withheld by us under applicable tax laws. If you are acting as an entrepreneur, you are obliged to fulfill your tax obligations in connection with the use of our Services in accordance with the laws applicable to you on your own responsibility. We assume no responsibility for your tax obligations.
3.6 Payment Processing
The Product Fee is payable in full and in advance upon submission of your order. Payment is made through one of the payment methods offered on our Website. The fee is deemed paid when the amount owed has been credited to our account. If no Product Contract is formed (in particular where we reject your order pursuant to Clause 3.3.2), we will refund the Product Fee paid without undue delay. Your Product is available for use immediately upon formation of the Product Contract. All fees charged to you by the payment service provider you have selected in connection with the transaction shall be borne by the User. Your invoice will be made available to you in the Client Area.
3.7 Exclusion of Refunds
3.7.1 The Product Fee is generally non-refundable once Activation has occurred (Clause 5.1.1). Where Activation has not occurred, you may exercise your statutory right of withdrawal within the period set out in Clause 13. In particular no refund of the Product Fee is owed by us if (i) you terminate the use of a Product prematurely; (ii) you fail to meet the applicable Product Objectives or conditions; (iii) the Product is terminated by us for good cause attributable to you (including breach of these GTC, Prohibited Trading Practices, or abuse of our Services); or (iv) the Product expires due to the Inactivity Period set out in Clause 5.1.3 or Clause 5.2.
3.7.2 The above does not affect: (i) your statutory right of withdrawal (Clause 13); (ii) your right to a fee reduction due to defective performance (Clause 11); or (iii) any other mandatory statutory reimbursement entitlement that cannot be excluded under applicable law.
3.8 Abusive Chargebacks
A Chargeback Procedure initiated with the payment service provider that is demonstrably fraudulent or malicious shall constitute a breach of contract. In such a case, we shall be entitled to cease the affected Service immediately and to assert any claims for damages; further measures may be taken pursuant to Clause 15 (Sanctions System). Your statutory right to initiate a Chargeback Procedure with your payment service provider shall remain unaffected.
3.9 Excessive Order Behavior
If you place an unusually large number of orders within an unreasonably short period of time, we may contact you via the Client Area or by email to curb potentially harmful behavior. If such behavior continues after our notification, we reserve the right to suspend further orders.
4. Client Area and Trading Platform
4.1 Access Data Protection
Access to the Client Area and the Trading Platform is protected by individual login credentials. You are obliged to treat your login credentials as strictly confidential and to protect them from unauthorized access by third parties. If there is any suspicion of unauthorized access by third parties, you must notify us immediately at [email protected]. We reserve the right to change login credentials; in such a case, we will notify you without undue delay.
4.2 Responsibility for Client Area Activities
You are obliged to safeguard your Client Area access credentials carefully and to protect them from unauthorized access by third parties. You shall be responsible for activities carried out through your Client Area to the extent that such activities are attributable to a culpable breach of your duty of care. In the event of suspected unauthorized access, you are obliged to notify us without undue delay. Our liability for damages arising from misuse of your Client Area that is not attributable to us shall be excluded; this shall not apply in cases of intent or gross negligence on our part.
4.3 Availability
We cannot guarantee the availability of our Services around the clock, in particular in connection with maintenance, upgrades, or other operational requirements. We will announce scheduled maintenance periods in the Client Area in advance where possible. Unscheduled outages will be communicated as soon as possible. We shall not be liable for damages or data losses arising from the unavailability of the Client Area or the Trading Platform, provided that we have not caused such unavailability through our own fault.
4.4 Third-Party Platforms
We engage a third-party provider for the provision of the Trading Platform. The use of the Trading Platform is additionally subject to the terms and conditions and privacy policies of such provider, to which we draw your attention separately. We recommend that you review these before use. We assume no liability for technical failures, availability restrictions, or errors of the third-party platform that are not attributable to us. This shall not apply to damages caused by our intent or gross negligence.
4.5 Prohibited Use
When using our Client Area, Dashboard and the Trading Platform, the following is prohibited:
4.5.1 use of tools that impair the operation of our platform or are designed to exploit errors or vulnerabilities;
4.5.2 automated retrieval or extraction of data (scraping, crawling, or similar methods) without our express written permission;
4.5.3 circumvention of geographical or technical restrictions;
4.5.4 copying, modifying, decompiling, disassembling, or otherwise altering our platform or content;
4.5.5 selling, lending, licensing, distributing, or otherwise sharing our Services or content, unless expressly permitted;
4.5.6 introducing malware, viruses, or malicious code;
4.5.7 circumvention of security or authentication mechanisms;
4.5.8 use of AI-powered tools to circumvent our monitoring systems;
4.5.9 any use that could cause harm to us or serve unlawful purposes.
4.6 Use of Artificial Intelligence or Automated Decisions
We may use artificial intelligence (AI) or automated systems, including rule- and threshold-based automated processes that do not involve AI, to assist in the provision of our Services, including in the areas of monitoring trading activities, verification of compliance with Product Parameters and Product Objectives, and fraud detection. Such use is carried out in accordance with applicable data protection and AI regulations.
Where a decision producing legal effects concerning you, or similarly significantly affecting you, is taken solely on the basis of automated processing within the meaning of Article 22 GDPR, you have the right to (i) obtain human intervention on our part, (ii) express your point of view, and (iii) contest the decision. To exercise these rights, contact [email protected]. The review is carried out by a person with the authority and competence to assess and, where appropriate, amend or reverse the decision. We will review without undue delay and inform you of the outcome as soon as possible, and in any event within thirty (30) Calendar Days of receipt of your request; where necessary, taking into account the complexity and number of requests, this period may be extended by up to sixty (60) further Calendar Days, in which case we will inform you of the extension and the reasons for it within thirty (30) Calendar Days of receipt.
Pending completion of the review, access to the affected Demo Trading Account or Funded Account shall remain restricted in accordance with the automated decision. However, the final characterization of the decision – including any resulting forfeiture of Rewards, denial of Product Fee refunds, or permanent ban – shall not become final until the review is completed. If we fail to complete the review within the maximum period specified in the preceding paragraph, the restriction shall lapse automatically and your access shall be restored without undue delay. Where the review confirms the original decision, the adverse measure shall apply, including retroactively to the date it was first imposed. Where the review does not confirm the original decision, we will reverse the measure and restore your position to the extent reasonably practicable.
4.7 Closure of the Client Account
You may request the closure of your Client Account at any time by sending an email to [email protected]. Sending such a request shall be deemed a termination of the contract by you; in such a case, no refund of any Product Fees already paid shall be owed (Clause 3.7). Any Rewards already determined in accordance with Schedule A shall remain payable, except where the determination was procured by fraud or the underlying Trading Data is tainted by a breach of the Trading Rules. Upon closure of the Client Account, all active Demo Trading Accounts and Product Contracts associated with it shall terminate automatically and with immediate effect. Access to the Client Area (including the Dashboard) and to all associated Demo Trading Accounts on the Trading Platform will be removed.
5. Our Services and Products
5.1 Activation; Activation Period
5.1.1 After payment of the Product Fee for the selected Product, you will receive a confirmation by email for the purchase to the email address provided by you. A Product Contract results, upon its formation, in the creation of a separate Demo Trading Account for the ordered Product. You may set a password for the Demo Trading Account via the Client Area. Formation of a Product Contract grants you access to the Demo Trading Account. The actual provision of the Services only commences upon the opening of the first demo trade on the respective Trading Platform ("Activation").
5.1.2 Important notice: By opening the first demo trade, you expressly request that we provide the Services before the expiry of the withdrawal period, which affects your right of withdrawal, as further detailed in Clause 13 (Right of Withdrawal).
5.1.3 If you do not activate the Product within the applicable Inactivity Period, which is specified in our Help Center on our Website, you will no longer have access to it and we will cease providing the Services. No refund is owed in such case (Clause 3.7).
5.2 Product Variants
We offer different Product Variants, which may comprise one or more phases. The specific phases, parameters, and conditions applicable to each Product Variant are set out on our Website. If a Product comprises more than one phase, you activate each subsequent phase by opening the first demo trade on the Trading Platform. If you do not activate a subsequent phase within the applicable Inactivity Period (which is published in our Help Center on our Website), you will no longer have access to that phase and we will cease providing the Services. No refund is owed in such case (Clause 3.7).
5.3 Product Parameters
The trading conditions and technical specifications applicable to the respective Product and the User's Demo Trading Account – in particular the account size, permitted leverage, maximum daily loss, maximum overall loss, and permitted trading instruments – are published on our Website. The Product Parameters published on our Website at the time of your order form part of the Product Contract and are binding on you and TTP for the duration of the relevant Product Phase; amendments are governed by Clause 19.2.
5.4 Product Objectives
The trading targets and conditions that the User must satisfy in order for a Product or Product Phase to be assessed as passed – in particular any applicable profit target, minimum trading day requirement, and consistency requirement – are published on our Website on the relevant Product Category page. The Product Objectives published on our Website at the time of your order form part of the Product Contract and are binding on you and TTP for the duration of the relevant Product Phase; amendments are governed by Clause 19.2. Compliance with the Product Objectives is assessed in accordance with Clauses 5.5 and 5.6.
5.5 Passing the applicable Product Objectives
If a Product comprises more than one phase and you have fulfilled the Product Objectives as set out on our Website, we will evaluate your compliance with the Product Objectives and will assess the relevant Product Phase as passed. We are not obliged to evaluate the passing of the applicable Product Objectives of a Product if you have not closed all trades.
5.6 Failing of the applicable Product Objectives
If you fail to meet any of the applicable Product Objectives, the Product will be assessed as failed and you will not be granted access to, or will lose access to, the Challenge or the Funded Phase and will not be eligible for a Reward. In this case, your Demo Trading Account and the Services for that Product will be terminated; no refund of Product Fees already paid is owed (Clause 3.7).
5.7 Product-Specific Features
Certain Products may offer additional features such as account resets or extensions. The availability, conditions, and effects of such features depend on the specific Product and are set out on the Product Category page on our Website. We reserve the right to modify or discontinue such features for new orders of Products at any time. For features already purchased or activated, Clause 19.2 applies.
5.8 Trial Accounts
We may, at our sole discretion, offer free Trial Accounts providing limited access to our Services for a defined trial period. The following conditions apply to Trial Accounts:
5.8.1 a Trial Account is made available free of charge for a fixed trial period as specified at the time of activation;
5.8.2 the Trial Account terminates automatically and without prior notice upon expiry of the trial period; no extension or grace period will be granted;
5.8.3 Trial Accounts do not entitle the User to progress to any further Product Phase, to access the Funded Phase, or to receive Rewards of any kind, regardless of Trading Data generated during the trial period;
5.8.4 TTP assumes no liability whatsoever for any failure, interruption, or unavailability of a Trial Account or the associated Services; and
5.8.5 all other provisions of these GTC apply to Trial Accounts to the extent compatible with their nature as a free, limited-access offering.
6. Rules of Simulated Securities Trading (Demo Trading) and Prohibited Trading Practices
6.1 General Principle
During simulated securities trading (hereinafter also "demo trading") on the Trading Platform, you may execute all transactions unless they involve prohibited trading strategies or practices within the meaning of this Clause. You agree to comply with the standard market rules and practices for trading on the financial markets – in particular the rules of risk management. Additional restrictions may arise from the trading conditions of the Trading Platform you have selected.
6.2 Data Access and Consent
You acknowledge that we have access to information about the demo trades that you execute on the Trading Platform. We may disclose this information to Affiliated Companies and use it in accordance with Clause 8; the processing of personal data is governed by Clause 17 and our separate privacy notice. Any Rewards in connection with the generation of Compliant Trading Data are governed exclusively by Clause 7 and Schedule A (Funded Phase Terms); the generation of Trading Data does not in itself give rise to any entitlement to a Reward. Beyond this, no Rewards shall be owed. You may suspend your demo trading at any time.
6.3 Disclaimer for Market Data
We assume no responsibility for the information, prices, or market data displayed on the Trading Platform, nor for any interruptions, delays, or inaccuracies in the market information accessible via the Trading Platform.
6.4 Prohibited Trading Practices
The trading practices prohibited during demo trading are set out in Schedule B (Prohibited Trading Practices), which is an integral part of these GTC, and on our Website. You are obliged to familiarize yourself with the Prohibited Trading Practices before commencing trading and to observe them on an ongoing basis.
6.5 Responsible Trading Behavior
6.5.1 We expect all Users to engage in responsible trading behavior. In particular, the following conduct is prohibited:
6.5.1.1 using a disproportionate portion of the account balance or equity to open positions (impermissible risk allocation);
6.5.1.2 excessive concentration on individual trades or a very small number of trades without adequate diversification;
6.5.1.3 any trading method that resembles random chance rather than a comprehensible risk-based trading strategy.
6.5.2 We may periodically review the trading behavior of the Users. If a breach of these principles is identified, we may take the measures set out in Clause 6.7.
6.6 Non-Exhaustive List; Right to Amend
The Prohibited Trading Practices are non-exhaustive and may be amended in accordance with Clause 19.2; we in particular reserve the right to classify other practices not expressly mentioned in this Clause as prohibited if they pose a risk to the integrity of the Trading Platform or our Products and Services, with the most up-to-date version available in our Help Center.
6.7 Measures in the Event of Breaches
If we identify a breach, or have reasonable grounds to suspect a breach, of the rules described in this Clause, we are entitled to take one or more of the following measures:
6.7.1 consider the relevant Product as failed and deny you access to the Funded Phase;
6.7.2 remove the offending transactions from your trading history and not include their results in the assessment of whether the Trading Data constitutes Compliant Trading Data;
6.7.3 on an interim basis, pending confirmation of any breach, adjust your risk parameters and trading conditions, in particular leverage, position size limits, drawdown thresholds, permitted instruments, minimum trading-day requirements, position concentration limits, consistency requirements, Reward eligibility criteria, Reward rates, Reward caps, and the number of accounts eligible for upgrade at any one time;
6.7.4 where a breach is confirmed and constitutes good cause within the meaning of Clause 14.2, immediately cease all Services and terminate the contract without notice; and
6.7.5 in the event of two (2) or more breaches of the same or similar nature following prior notification, or a single breach which TTP, in its reasonable assessment, considers to constitute a material threat to the integrity of the Trading Platform, the simulation, or TTP's business model, permanently deny access to all or part of our Services; no refund of Product Fees already paid is owed in such case (Clause 3.7).
6.8 Cross-Account Breaches
6.8.1 Where we or our monitoring systems identify, or generate reasonable grounds to suspect, that Prohibited Trading Practices – in particular coordinated external hedging, copy trading, or arbitrage strategies carried out across accounts held with TTP, with Affiliated Companies, or with third-party proprietary trading firms or brokers – are being carried out on one or more of your Demo Trading Accounts, whether alone or in coordination with other Users, we may, as a protective measure and in order to safeguard the integrity of our Trading Platform, take one or more of the following steps:
(a) withhold any Reward pending completion of our review pursuant to Clause A.8 of Schedule A;
(b) impose interim Reward adjustments pursuant to Clause 6.7.3 pending the outcome of the review; and
(c) upon completion of our review, and subject to Clause 6.8.3, apply one or more of the measures set out in Clause 6.7 and/or Clause 15, including termination of all affected contracts, across all Demo Trading Accounts of the respective User, regardless of whether those accounts are held with TTP or with Affiliated Companies.
6.8.2 Imposition of interim measures under Clause 6.8.1(a) and (b) does not require conclusive proof of a breach; it requires only that we have documented the grounds for our suspicion. Where, following completion of the review, no breach is confirmed, any withheld Reward shall be released without undue delay and any interim parameter adjustments shall be reversed.
6.8.3 Where our suspicion under this Clause 6.8 is based on trading patterns that are, by their nature, difficult to conclusively confirm or refute through a discrete review (in particular suspected coordinated external hedging, copy trading, or arbitrage strategies, including latency or swap arbitrage, involving third-party proprietary trading firms or brokers), we may, in lieu of or in addition to the interim measures under Clause 6.8.1(b), apply one or more of the following as a protective condition of your continued participation for so long as the reasonable grounds for suspicion persist, but in no event for longer than ninety (90) Calendar Days from the date the measures were first applied, extendable once by up to a further ninety (90) Calendar Days pursuant to Clause 6.8.5.2 (maximum aggregate duration: one hundred eighty (180) Calendar Days):
6.8.3.1 a reduced Reward rate and/or Reward frequency applicable to the current and subsequent Reward determinations under Clause A.3 of Schedule A;
6.8.3.2 a consistency requirement applicable to future Trading Data;
6.8.3.3 a maximum permitted lot or contract size; or
6.8.3.4 a maximum permitted risk percentage per trade, position, or trade idea.
6.8.4 Measures applied under Clause 6.8.3 are not subject to automatic reversal under Clause 6.8.2 but remain subject to reassessment under Clause 6.8.5, and shall remain in effect until the earlier of: (i) a determination by us, in our reasonable assessment, that the grounds for suspicion no longer apply; or (ii) the expiry of the maximum aggregate duration of one hundred eighty (180) Calendar Days pursuant to Clause 6.8.3, at which point we must either lift all measures under Clause 6.8.3, confirm a breach and apply the measures under Clause 6.7 and/or Clause 15, or terminate the contractual relationship with ordinary notice pursuant to Clause 14.2. Payment of the Reward requested at the time such measures are applied does not constitute a determination that no breach has occurred and does not preclude the application of measures under Clause 6.8.3 or, where a breach is subsequently confirmed, the measures under Clause 6.7 or Clause 15.
6.8.5 Where measures have been applied under Clause 6.8.3, we will reassess whether reasonable grounds for suspicion continue to exist no later than every ninety (90) Calendar Days from the date the measures were first applied. Each reassessment shall be based on the Trading Data generated since the previous reassessment, together with any other relevant information available to us at that time. Following each reassessment, we will:
6.8.5.1 lift the measures under Clause 6.8.3 with effect from the date of the reassessment, where the grounds for suspicion no longer apply;
6.8.5.2 maintain the measures under Clause 6.8.3 unchanged for one further period of up to ninety (90) Calendar Days, where the grounds for suspicion continue to apply on substantially the same basis; or
6.8.5.3 apply one or more of the measures under Clause 6.7 and/or Clause 15, where the reassessment identifies a confirmed breach.
6.8.6 We will notify you in Text Form of the outcome of each reassessment under Clause 6.8.5, including, where the measures are maintained under Clause 6.8.5.2, a summary of the basis for that determination. You may raise a complaint regarding any such determination under Clause 12.
6.8.7 For the avoidance of doubt, the relevance of a User's cross-account and historical compliance record to Reward rate and eligibility determinations in the Funded Phase is separately governed by Clause A.4 of Schedule A.
6.9 Impact on Third-Party Accounts
If Demo Trading Accounts are used for Prohibited Trading Practices, this may also constitute a violation of the terms and conditions of the respective third-party platform operator and may result in the cancellation of all affected accounts and contracts by such third party. We assume no responsibility for this.
7. The Funded Phase
Depending on the Product Variant, access to the Funded Phase may be granted either upon successful completion of the applicable Product Objectives, or upon purchase and activation of a Product that provides direct access to the Funded Phase. Access to the Funded Phase is not guaranteed and remains subject to our approval. We are entitled to refuse access at our reasonable discretion, in particular if trading activities during a Product Phase show indications of Prohibited Trading Practices pursuant to Clause 6. The Funded Account constitutes a new Demo Trading Account. The Product Parameters and Product Objectives published for the Funded Phase and in effect at the time of entry into the Funded Phase shall apply to the Funded Account; the version of these GTC applicable pursuant to Clause 3.2 remains unaffected, subject to amendments in accordance with Clause 19.
Upon approval, you will receive access to a Funded Account. Your trading activities on the Funded Account generate Trading Data, which is subject to the Data License granted under Clause 8. The Reward structure applicable to the Funded Phase – including Reward eligibility, determination, applicable rates and calculation methodology, Reward frequency, and minimum amounts – is governed by Schedule A (Funded Phase Terms), which forms an integral part of these GTC. As set out in Schedule A, certain Reward parameters, including the applicable Reward rates, the Reward frequency, and minimum Reward amounts, are published on our Website and may be amended in accordance with Schedule A.
8. Data License and Ownership Rights in Trading Data
8.1 Grant of Data License
By accepting these GTC, you grant us a non-exclusive, irrevocable, worldwide, perpetual, and royalty-free license to use, process, aggregate, analyze, and commercialize all Trading Data generated by you through your Demo Trading Account (including all positions, timestamps, volumes, and price data). The processing of personal data under data protection law is governed by Clause 17 (Data Protection and Trading Data) and by our separate privacy notice.
8.2 Usage Rights of TTP
We are entitled to use the generated Trading Data in particular as follows: (i) for our own proprietary securities trading for our own account; (ii) for disclosure to Affiliated Companies, brokers, or other third parties, whereby disclosure to other third parties shall be in anonymized or aggregated form to the extent that personal data is concerned; (iii) for the development, improvement, and commercialization of trading systems and algorithms; and (iv) for the preparation of analyses, statistics, and reports.
8.3 No Additional Rewards
You are not entitled to any Rewards beyond Schedule A for the use of your Trading Data by us or third parties, regardless of the economic success we may achieve with such data.
8.4 Survival of the License
The data license granted under this Clause 8 shall survive termination of the contractual relationship – regardless of the reason – in full.
9. Use of Our Content and Intellectual Property
9.1 Our Website, our Client Area, and all related Services, including all content, are subject to protection under copyright law and other intellectual property rights. All content is the property of TTP or our licensors. We grant you, for the duration of the contractual relationship, a non-exclusive, non-transferable, and revocable license to use the content solely for the purpose of using our Services for your personal, non-commercial use. The content is not sold or transferred to you. Upon termination of the contractual relationship, all usage rights shall expire. Any misuse of our content or the content of our licensors may lead to termination of the contract pursuant to Clause 14 (Contract Duration, Termination, and Automatic Termination).
9.2 All trademarks, logos, trade names, and other designations are the property of TTP or our licensors. You do not have permission to use them. In particular, you are prohibited from publishing our company logo or trademarks on your own marketplace or on social media in a manner that suggests an official partnership with or endorsement by TTP. Only a simple link to our Website and the use of the logo of any affiliate program is permitted, provided that a corresponding partnership exists and has been agreed in writing.
9.3 You are further prohibited from using our content for commercial purposes without our prior written consent; and from removing or altering copyright notices, proprietary markings, or other ownership information from our content.
9.4 By communicating to us any feedback, suggestions for improvement, or other contributions regarding our platform or programs, you grant us the unrestricted, perpetual, and royalty-free right to use, exploit, and further develop such contributions without any obligation to pay remuneration.
9.5 Certificates and Public Awards
9.5.1 We may, at our discretion, issue and publish certificates to you upon (i) successful completion of a Product Objective or Phase or (ii) receipt of a Reward or total of multiple Rewards. We may publish such certificates publicly, including on our Website, social media channels, and other promotional or marketing materials. Published certificates may include your first name but shall not include any information that could, alone or in combination with other information, identify you as a specific individual.
9.5.2 If you wish to object to the publication of a certificate, you may submit a written request to [email protected]. We will process your request in accordance with the requirements of applicable data protection laws, in particular your right to object and your right to erasure.
10. Disclaimer and Limitation of Liability
10.1 We provide our Services with the care of a diligent service provider but do not guarantee that our Services – including the Trading Platform and the Client Area – will be error-free, complete, uninterrupted, or compatible with any software or hardware at all times. We further do not guarantee and make no representation that you will successfully complete Product Objectives or receive Rewards.
10.2 Your claims for damages are excluded. Excluded from this are claims for damages arising from injury to life, limb, or health, as well as from the breach of material contractual obligations (cardinal obligations), and liability for damages based on an intentional or grossly negligent breach of duty by us, our legal representatives, or vicarious agents. Material contractual obligations are those whose fulfillment is necessary to achieve the purpose of the contract; in the event of their breach through simple negligence, we shall only be liable for the foreseeable damage typical for the contract. Subject to the foregoing liability cases, our total liability is limited in amount to the Product Fees paid by you in the last one hundred eighty (180) Calendar Days. We shall not be liable for lost profits, indirect damages, consequential damages, or other atypical damages. These limitations of liability shall also apply in favor of our legal representatives and vicarious agents.
10.3 To the extent that third-party providers – in particular platform providers, brokers, or payment service providers – are involved in the provision of our contractual Services, we shall be liable for their fault in accordance with the foregoing provisions as for our own fault. We assume no liability for third-party providers that provide independent services and are not involved in our service provision – in particular providers of webinars, training courses, or other third-party services bookable via our Client Area.
10.4 You agree to indemnify us against justified third-party claims arising from a culpable breach of these GTC or unlawful use of our Services by you.
10.5 We shall not be liable for the failure to provide our Services due to circumstances beyond our reasonable control (force majeure), in particular natural disasters, war, pandemics, cyberattacks, or governmental orders. We will inform you of such events as soon as possible and resume the provision of Services as soon as practicable.
10.6 Statutory warranty claims remain unaffected. The foregoing liability provisions do not deprive you of your consumer rights that cannot be excluded under applicable law.
10.7 To the extent that our Client Area or our Website provides the possibility of forwarding to databases, websites, or services of third parties – for example through links or hyperlinks – we shall be liable neither for the accessibility, continued existence, or security of such databases or services, nor for their content, in particular not for their legality, accuracy, completeness, or currency.
11. Technical Failures, Defective Performance, and Complaints
11.1 Obligation to Report Technical Failures
If you identify technical failures or errors in our Services – in particular incorrect price quotations, platform outages, or data errors – you are obliged to report them to us immediately by email to [email protected]. The report should include the affected account, a description of the error, and the date and time of occurrence. If you continue trading despite knowledge of a technical error without having informed us, we are entitled to disregard the results achieved on the basis of such error and to cancel the corresponding trades.
11.2 Rights in the Event of Defective Performance
In the event of defective performance attributable to us, you shall first be entitled to cure. If cure is not possible or fails twice, you shall be entitled to an appropriate fee reduction. Further statutory rights in the event of defective performance remain unaffected.
12. Complaints Procedure; Complaints Regarding Automated Decisions
12.1 Our goal is for you to be satisfied with our Services. If you wish to file a complaint, please proceed as follows: (i) submit your complaint by email to [email protected] or via our Client Area; (ii) describe the facts as precisely as possible and attach relevant evidence. We will promptly confirm receipt of your complaint and will endeavor to process your complaint within thirty (30) Calendar Days of receipt. In the case of complex matters, we will inform you of any extension of the processing time. The right to complain under this Clause also applies to measures taken by us pursuant to Clause 15 (Sanctions System).
12.2 Complaints concerning a decision taken solely by automated means within the meaning of Article 22 GDPR are dealt with in accordance with Clause 4.6. This is without prejudice to your right to raise a general complaint under Clause 12.1, and to your rights and remedies under applicable data-protection law.
13. Right of Withdrawal for Consumers
13.1 If you are acting as a consumer, you have the right to withdraw from this contract within fourteen (14) Calendar Days without giving any reason. The withdrawal period begins on the day of contract formation.
13.2 You may exercise your right of withdrawal by a clear written statement addressed to us, email: [email protected]. Where a withdrawal function (button) is made available on our Website, you may alternatively use that function to submit your withdrawal declaration. The withdrawal shall be deemed timely if you submit your withdrawal statement before the expiry of the withdrawal period. We will send you a confirmation of receipt without undue delay after receipt of your withdrawal, including the content of your withdrawal declaration as well as the date and time of receipt, on a durable medium. By activating the Product by opening the first demo trade, you expressly request that we commence the provision of the Services before the expiry of the withdrawal period. You further expressly acknowledge that, upon opening the first trade, the Services shall be deemed fully performed, and your right of withdrawal shall be lost with immediate effect. We will confirm your express request and acknowledgement on a durable medium.
13.3 In the event of an effective, timely withdrawal, we will refund all payments received from you without undue delay and no later than fourteen (14) Calendar Days from the day on which we received your withdrawal declaration. For the refund, we will use the same means of payment that you used for the original transaction, unless expressly agreed otherwise; in no case will you be charged any fees because of this refund.
13.4 If you are acting as an entrepreneur within the meaning of Clause 1.7, you are not entitled to a statutory right of withdrawal.
14. Contract Duration, Termination, and Automatic Termination
14.1 Each Product Contract ends upon successful completion or failure of the applicable Product Objectives. We are entitled to terminate the Product Contract if you do not open a demo trade within the applicable Inactivity Period; no refund shall be made in such a case (Clause 3.7).
14.2 Either party may terminate a Product Contract at any time without giving reasons by notice in Text Form with a notice period of seven (7) Calendar Days. The applicable consequences are governed by Clause 3.7. The right of either party to terminate the contract with immediate effect for good cause remains unaffected; good cause entitling TTP to terminate with immediate effect shall be deemed to exist in particular in the event of:
14.2.1 failure to meet the access requirements pursuant to Clause 1;
14.2.2 non-payment of the Product Fee;
14.2.3 breach of the rules of demo trading pursuant to Clause 6;
14.2.4 initiation of an abusive chargeback procedure within the meaning of Clause 3.8;
14.2.5 breach of the confidentiality or non-disparagement obligations pursuant to Clause 16;
14.2.6 failure to complete the KYC Process pursuant to Clause 1.4, provision of false information, or residence in a Restricted Jurisdiction;
14.2.7 if a breach of the Single Client Account Principle pursuant to Clause 1.5 is identified;
14.2.8 continued provision of Services would, in our reasoned judgment, expose us to legal, regulatory, reputational, or financial risk; or
14.2.9 any other material breach of these GTC.
14.3 The contract terminates automatically and with immediate effect upon the User's death.
14.4 Upon termination of the contract – regardless of the reason – all Services provided under the respective contract shall cease. Access to the Client Area, Dashboard and the Trading Platform will be blocked.
15. Sanctions System
15.1 In the event of breaches of these GTC, we may take measures in accordance with the following graduated system, which takes the principle of proportionality into account:
15.1.1 warning in the case of first-time or minor breaches, combined with the opportunity to submit a statement;
15.1.2 temporary restriction or suspension of access to individual or all Services in the case of repeated or more serious breaches;
15.1.3 adjustment of your risk parameters, objectives, trading conditions and Reward eligibility – in particular the leverage, position size limits, drawdown thresholds, and permitted instruments – to the extent necessary to protect platform integrity or prevent further breach;
15.1.4 termination with immediate effect pursuant to Clause 14.2 in the case of serious breaches;
15.1.5 permanent ban from all current and future Services exclusively in cases of: (i) proven fraud; (ii) identity abuse; (iii) repeated serious breaches following prior warning; or (iv) a single breach which TTP, in its reasonable assessment, considers to constitute a material threat to the integrity of the Trading Platform, the simulation, the Trading Data, or TTP's business model. Upon identification of such conduct, access to all Products and Services may be suspended immediately pursuant to Clause 15.1.2. The formal permanent ban shall only be imposed after the User has been granted a period of at least seven (7) Calendar Days to submit a statement, which period runs concurrently with any such interim suspension.
15.2 Lawfully imposed measures do not give rise to any entitlement to compensation; the applicable refund rules are governed by Clause 3.7.
15.3 Notwithstanding the termination of the contract, the following provisions shall survive: Clause 8 (Data License and Ownership Rights in Trading Data), Clause 9 (Use of Our Content and Intellectual Property), Clause 10 (Disclaimer and Limitation of Liability), Clause 16 (Confidentiality and Non-Disparagement Obligation), Clause 17 (Data Protection and Trading Data), Clause 20 (Applicable Law, Jurisdiction, and Dispute Resolution), and Clause 22 (Definitions).
16. Confidentiality and Non-Disparagement Obligation
16.1 All communications between TTP and you – including support messages, Client Area notifications, email correspondence, and decisions on your account – are confidential and may not be published on public or semi-public platforms or made accessible to third parties without our prior written consent, regardless of the communication channel. Not covered are: (i) factual consumer reviews without disclosure of the content of TTP’s communications; (ii) communications to authorities, courts, or consumer protection organizations in the course of legal proceedings; and (iii) information that has become publicly known without your fault.
16.2 You agree that, during the term of the contract and for three hundred sixty-five (365) Calendar Days after termination of the contract, you will not publish or disseminate any untrue statements of fact or defamatory content about TTP, its directors, employees, Affiliated Companies, or brands. Not covered are: (i) truthful statements of fact and objective expressions of opinion; (ii) reviews on consumer platforms based on actual experiences; and (iii) communications to authorities, courts, or consumer protection organizations.
16.3 A breach of Clause 16.1 or 16.2 entitles us to: (i) a written warning with a cease-and-desist demand for minor or first-time breaches; (ii) withholding of Rewards not yet determined under Schedule A pending clarification; and (iii) in the case of a documented breach, termination of the contract with immediate effect and a permanent ban from all current and future Services. Rewards already determined in accordance with Schedule A remain payable. Where we have withheld Rewards pursuant to (ii) above and have a damages claim arising from the breach, we may, upon completion of the Reward determination under Schedule A, deduct the amount of such claim from the Reward so determined. We will inform you of the deduction via the Client Area or by email. If you do not contest the deduction through the complaints procedure in Clause 12 within fourteen (14) Calendar Days of such notification, the deduction shall be deemed accepted. Any remaining balance shall be paid in accordance with Schedule A. Further claims for damages and judicial remedies are reserved.
17. Data Protection and Trading Data
In the provision of our Services, we process your personal data in accordance with our separate privacy notice, which is available on our Website.
18. Communication and Notices
We communicate with you and send you notices in connection with our Services electronically via the Client Area or to the email address you provided upon registration. You agree that we may provide you with all legally required notices and documents by this means. Such a notice shall be deemed written communication and shall be deemed delivered when sent to your registered email address or made available in the Client Area. You are responsible for ensuring that your email address is reachable for receipt of our notices. Our email address is [email protected].
19. Amendments to the GTC and Changes to Services
19.1 We are entitled to amend these GTC, including their Schedules, at any time. We will notify you of amendments at least fourteen (14) Calendar Days before they take effect, in Text Form by email and/or by notification in the Client Area. In this notification, we will expressly draw your attention to your right to object and the legal consequences of silence. If you do not object to the amendments within fourteen (14) Calendar Days of dispatch of the notification in Text Form, the amendments shall be deemed accepted by you. Use of our Services after expiry of the objection period shall constitute a clear affirmative act. If you object in a timely manner, we are entitled to terminate the contractual relationship with ordinary notice as of the date on which the amendments take effect; for active, non-breaching Products, Clause 15.2 shall apply accordingly.
19.2 Amendments to the Schedules of these GTC, Product Parameters, Product Objectives, Product-specific features and Prohibited Trading Practices that exclusively affect new orders of Products may take effect without prior notice and will be communicated via email and published on our Website. Where such amendments would affect already active Products, Demo Trading Accounts, or Product features, they will only take effect where required to protect platform integrity, to counter newly identified abusive trading practices, or for legal or regulatory reasons; in such cases, we will notify you with reasonable advance notice via the Client Area or by email.
19.3 We reserve the right to modify, expand, or discontinue the range of Services – in particular the available Products, account sizes, Trading Platforms, and third-party providers – at any time at our sole discretion. Such changes shall not affect the terms of already active Products, unless required for legal or operational reasons. If a third-party provider engaged by us discontinues or materially changes its services, we are entitled to replace such provider with an equivalent provider without this giving rise to any entitlement to a refund of the Product Fee.
20. Applicable Law, Jurisdiction, and Dispute Resolution
20.1 These GTC and the entire contractual relationship between you and TTP are governed exclusively by the law of the Principality of Liechtenstein, to the exclusion of the UN Convention on Contracts for the International Sale of Goods (CISG) and to the exclusion of conflict-of-laws rules.
20.2 If you are acting as a consumer, the choice of Liechtenstein law does not deprive you of the protection afforded to you by mandatory provisions of the law of the country in which you have your habitual residence.
20.3 If you are acting as an entrepreneur within the meaning of Clause 1.7, the exclusive place of jurisdiction for all disputes arising out of or in connection with these GTC, including disputes regarding their validity, interpretation, or termination, shall be the Princely Court (Fürstliches Landgericht) of Vaduz, Liechtenstein. TTP is, however, also entitled to bring proceedings against you before the courts of your registered office or principal place of business.
20.4 TTP does not participate in out-of-court alternative dispute resolution (ADR) proceedings before any consumer arbitration board or any other ADR body and is not obliged to do so. If you have a complaint or dispute, please use the complaints procedure set out in Clause 12 in the first instance. If your complaint is not resolved to your satisfaction, you may bring proceedings before the competent courts in accordance with this Clause 20.
21. Miscellaneous
21.1 These GTC, together with their Schedules and the respective Product order, constitute the entire agreement between you and TTP with respect to the subject matter hereof and supersede all prior oral or written agreements, representations, and understandings. The following order of precedence applies: (i) in the event of any inconsistency between the main body of these GTC and a Schedule, the Schedule shall prevail in its respective area of regulation; (ii) in the event of any inconsistency between these GTC (including the Schedules) and any other document referenced herein – including content published on the Website or in the Help Center – these GTC shall prevail, save that the Product Parameters, Product Objectives, fees, and Reward parameters published on the Website at the time of the relevant order shall prevail with respect to their specific subject matter.
21.2 We are entitled to transfer the contract or individual rights and obligations thereunder to Affiliated Companies. A transfer to third parties that are not Affiliated Companies is only permissible with your prior consent; alternatively, we will inform you at least fourteen (14) Calendar Days before the intended transfer and grant you a right to object. In the event of an objection, you may terminate the contract as of the date on which the transfer takes effect. You may not transfer the contract or individual rights and obligations thereunder to third parties without our prior written consent.
22. Definitions
The following terms shall have the meanings set out below in these GTC and are listed in alphabetical order:
Activation means the commencement of the provision of the Services upon the User opening the first demo trade on the Trading Platform, as further described in Clause 5.1.1.
Affiliated Companies means any company that, directly or indirectly, controls, is controlled by, or is under common control with TTP.
Calendar Day means the period from midnight to midnight of the time currently in effect in Liechtenstein (Central European Time, CET, or CEST).
Challenge Phase means each Product Phase preceding the Funded Phase in which the User must satisfy the applicable Product Objectives in order to progress to the next Challenge Phase or to the Funded Phase.
Chargeback Procedure means the procedure initiated by a cardholder or payment service user with their credit card company, bank, or payment service provider for the reversal of a payment amount already debited.
Client Account means the personal account created by the User upon registration on the Website, which is uniquely identified by the User's registered email address (Clause 1.5) and through which the User's Services, orders, and associated Demo Trading Account(s) are managed.
Client Area means the password-protected online platform of TTP at www.thetradingpit.com through which the User accesses all Services.
Compliant Trading Data means Trading Data generated in full compliance with (i) the applicable Product Parameters, (ii) the Trading Rules, and (iii) the additional criteria published on the Website, which include, in particular, consistency of the trading strategy, risk management discipline, and strict adherence to the Trading Rules.
Content means all applications, data, information, multimedia elements, texts, graphics, designs, icons, images, audio and video content on our Website and in the Client Area.
Dashboard means the section of the Client Area that displays the User's trading activity, trading statistics and trading transactions, account status, and other information relating to the Services.
Demo Trading Account means a simulated trading account on which no real trading takes place and only fictitious funds are managed.
DSG means the Data Protection Act of the Principality of Liechtenstein (LGBl. 2018 No. 272) in its respective applicable version.
Fictitious Account Balance means the simulated amount shown on the Demo Trading Account with no real monetary value.
FMA means the Liechtenstein Financial Market Authority.
Funded Account means the Demo Trading Account made available to the User in the Funded Phase.
Funded Phase means the phase of a Product, entered either upon successful completion of the applicable Product Objectives or upon activation of a Product providing direct access, in which the User – subject to our approval in accordance with Clause 7 – conducts fully simulated trading on a Funded Account, as further governed by Clause 7 and Schedule A (Funded Phase Terms).
GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (General Data Protection Regulation).
Inactivity Period means the period, as published for the relevant Product in the Help Center on our Website, within which the User must open the first demo trade on the Trading Platform in order to activate a Product or a subsequent Product Phase, as further described in Clauses 5.1.3 and 5.2.
KYC Process means the Know-Your-Customer identity verification procedure pursuant to Clause 1.4.
Product means the educational and training program offered by TTP for simulated securities trading, as selected and ordered by the User, which may comprise one or more phases with the parameters and conditions set out on the Website at www.thetradingpit.com. Access to a Product is granted upon payment of the applicable Product Fee and is activated upon opening of the first demo trade on the Trading Platform.
Product Category means a classification of Products defined by the asset class available for simulated trading, as specified on the Website.
Product Contract means the separate contract formed between you and TTP in respect of each ordered Product upon TTP's dispatch of the order confirmation in accordance with Clause 3.3, governing your access to and use of that Product and the associated Demo Trading Account.
Product Phase means each discrete stage of a Product through which the User progresses, as specified on the Website, including any evaluation or Challenge Phase and the Funded Phase. A Product may comprise one or more Product Phases.
Product Fee has the meaning given to it in Clause 3.4.
Product Objectives has the meaning given to it in Clause 5.4.
Product Parameters has the meaning given to it in Clause 5.3.
Product Variant means a specific type of Product within a Product Category, defined by the applicable challenge structure and the asset class available for simulated trading, as specified on the Website.
Prohibited Trading Practices has the meaning given to it in Clause 6 and Schedule B.
Reward Period means the period in respect of which a Reward request may be submitted by a User in accordance with the Reward schedule published on our Website.
Text Form means a readable declaration made on a durable medium (including by email) that identifies the declaring party, without requiring a handwritten or electronic signature.
Restricted Jurisdictions has the meaning given to it in Clause 1.2.
Reward means the payment, if any, determined by TTP in its reasonable discretion in accordance with Clause A.3 of Schedule A in respect of Compliant Trading Data generated by the User during a Reward Period.
Services means all services and offerings provided by TTP under these GTC, including access to the Client Area, the Trading Platform, the Products and training materials.
Single Client Account Principle has the meaning given to it in Clause 1.5.
Trading Data means the trading data generated by the User through their trading activities through the Demo Trading Account, including all positions, timestamps, volumes, and price data.
Trading Platform means the third-party trading software platform designated by TTP and selected by the User during the ordering process for the relevant Product, through which the User conducts simulated trading activities.
Trading Rules means the rules governing the conduct of simulated trading activities on the Trading Platform, comprising the Prohibited Trading Practices set out in Clause 6 and Schedule B, the Product Parameters, the Product Objectives, and the responsible trading behavior standards set out in Clause 6.5.
Trial Account means a Demo Trading Account made available by TTP free of charge for a fixed trial period, providing limited access to the Services in accordance with Clause 5.8.
TTP / we / our / us means The Trading Pit Challenge GmbH.
User / you means the natural person who has entered into a contract with TTP for the use of the Services.
Website means the website www.thetradingpit.com.
Schedule A – Funded Phase Terms
This Schedule A supplements the GTC of TTP with respect to the specific rights and obligations in the Funded Phase. In the event of any inconsistency between this Schedule A and the main body of the GTC, this Schedule A shall prevail in its respective area of regulation.
A.1 Funded Phase, Trading Data
A.1.1 In the Funded Phase, you generate Trading Data through your trading activities on the Funded Account. All trading activities on the Funded Account are – as in the preceding Product Phases – fully simulated. The Fictitious Account Balance does not represent real capital and does not give rise to any entitlement to payment of the balance as such.
A.1.2 The use of the Trading Data generated on the Funded Account – in whole, in part, or not at all – is at the sole discretion of TTP.
A.2 Rewards
The generation of Trading Data on the Funded Account does not, in itself, give rise to any entitlement to, or claim for, a Reward. The prerequisites set out below are necessary preconditions to be considered for a Reward; their satisfaction does not create any entitlement to a Reward, or to any particular Reward amount, which remains subject to determination by TTP in accordance with Clause A.3. TTP shall consider a Reward only where all of the following prerequisites are cumulatively met:
A.2.1 you have complied with the Trading Rules and the conditions of this Schedule A;
A.2.2 the KYC Process pursuant to Clause 1.4 of the GTC has been fully and satisfactorily completed;
A.2.3 there is no fraud, identity abuse, or breach of the Single Client Account Principle;
A.2.4 the generated Trading Data constitutes Compliant Trading Data, the criteria for which are published in our Help Center and include, but are not limited to, consistency of the trading strategy, risk management discipline, and strict adherence to the Trading Rules; and
A.2.5 the Reward request has been duly submitted via the Client Area.
A.3 Reward Rate
Where all prerequisites under Clause A.2 are cumulatively met, TTP shall determine, in its reasonable discretion, whether and in what amount to grant a Reward in respect of the relevant Reward Period. TTP makes that determination by reference to the extent to which the Trading Data generated on the Funded Account during the relevant Reward Period constitutes Compliant Trading Data, applying a Reward rate of up to the maximum Reward rate specified on the applicable Product description on our Website and/or at the point of order, applied to the notional profit reflected in the Trading Data during the relevant Reward Period. The Reward rate may be set below the maximum Reward rate and may range down to zero per cent (0%), including – in particular – where the Trading Data constitutes Compliant Trading Data only in part or not at all. An entitlement to payment of a Reward arises only once, and only to the extent that, TTP has determined a Reward in accordance with this Clause A.3.
A.4 Relevance of Cross-Account and Historical Compliance Record
In determining, in its reasonable discretion, the Reward rate and Reward eligibility under Clause A.3 in respect of any current Funded Account, TTP may, as part of its assessment of whether and to what extent the Trading Data constitutes Compliant Trading Data, take into account the User's trading and compliance history across all Demo Trading Accounts, Challenge Phases, and Funded Accounts held by the User, whether currently active or previously terminated, in particular any prior breach of the Trading Rules, any prior termination for cause, any prior forfeiture of a Reward, or any pattern of successful completion followed by breach. Where such history, in TTP's reasonable discretion, indicates that the consistency, reliability, or integrity of the Trading Data generated on a current Funded Account cannot be assessed independently of the User's broader compliance record, TTP may apply a reduced Reward rate, a cap on the Reward amount, or a reduced Reward frequency to that Funded Account and to any Funded Account subsequently arising from a Demo Trading Account or Challenge Phase active at the time of the determination. Any such adjustment shall be notified to the User by email prior to the relevant Reward determination, together with a summary of the basis for the adjustment, and shall remain subject to the complaints procedure under Clause 12.
A.5 Set-Off and Deduction Against Rewards
Without prejudice to Clause A.3, where TTP has a claim against the User arising from: (i) a breach of these GTC (including the Trading Rules); (ii) an abusive Chargeback Procedure within the meaning of Clause 3.8; (iii) losses, damages, or additional costs (including third-party costs) directly and causally attributable to the User's breach of these GTC or unlawful conduct; or (iv) Product Fees or other amounts due and unpaid by the User – TTP is entitled to set off such claim against any Reward that has been determined pursuant to Clause A.3 and is due for payment. TTP will inform the User of the set-off via the Client Area or by email. If the User does not contest the set-off through the complaints procedure in Clause 12 within fourteen (14) Calendar Days of such notification, the set-off shall be deemed accepted.
The User’s statutory rights, including the right to bring proceedings before the competent courts, remain unaffected.
Past Reward payments do not give rise to any entitlement to, or expectation of, future payments of the same amount or at the same rate.
A.6 Reward Frequency
Reward requests may be submitted via the Client Area in accordance with the Reward schedule and minimum amounts published on our Website. We reserve the right to adjust the Reward frequency and minimum amounts; changes are communicated via email and apply to all future Reward Periods.
A.7 Payment Processing
Where TTP has determined that a Reward is payable in accordance with Clause A.3, payment shall be made by bank transfer or via approved payment service providers to the account registered in the Client Area, no later than thirty (30) Calendar Days after that determination. Costs for international transfers and exchange rate losses shall be borne by you. You may issue an invoice to TTP in respect of, and corresponding to, the Reward as determined under Clause A.3; an invoice that does not correspond to the Reward so determined does not give rise to any payment obligation in the amount invoiced. The first Reward shall only be made after full and satisfactory completion of the KYC Process pursuant to Clause 1.4 of the GTC. The principles of name identity pursuant to Clause 1.6 of the GTC also apply to Rewards.
A.8 Review Reservation
We are entitled to review your trading activities for compliance with the Trading Rules and the applicable Product Objectives at any stage of your participation, including during any Challenge Phase(s) (whether a single-phase or multi-phase evaluation), prior to any upgrade to a Funded Phase, and prior to each Reward payment during a Funded Phase, and to verify whether the Trading Data constitutes Compliant Trading Data.
Where there is a reasonable suspicion of a breach of the Trading Rules, or that the Trading Data does not constitute Compliant Trading Data, we may, as applicable:
(a) during a Challenge Phase, withhold or suspend any pass determination or upgrade to the next Challenge Phase or to a Funded Phase pending completion of our review;
(b) during a Funded Phase, withhold any Reward pending completion of our review.
We generally complete reviews within fourteen (14) Calendar Days; if a review exceeds thirty (30) Calendar Days, we will inform you of its status and expected duration.
Upon completion of our review, we will apply one of the following outcomes:
A.9 During a Challenge Phase:
(i) confirm the pass determination and permit the upgrade to the next Challenge Phase or to a Funded Phase, where no breach is confirmed;
(ii) refuse the upgrade to the next Challenge Phase or to a Funded Phase, where a material breach is confirmed or the Trading Data does not constitute Compliant Trading Data, in which case the relevant Challenge Phase will be treated as failed and, for the avoidance of doubt, no fee, price, or amount paid by you in respect of that Challenge (including any purchase, activation, or evaluation fee) shall be refundable, and you may raise a complaint under Clause 12.
A.10 During a Funded Phase:
(iii) release the withheld Reward in full, where no breach is confirmed;
(iv) release the Reward at a reduced Reward rate, determined in accordance with Clause A.3 by reference to the proportion of the Trading Data that constitutes Compliant Trading Data for the relevant Reward Period, where a partial breach is confirmed – in such case we will notify you of the adjusted determination and its basis by email prior to releasing the Reward; or
(v) withhold the Reward in full and treat the position as a zero-Reward determination under Clause A.3, where a material breach is confirmed, in which case we will notify you and you may raise a complaint under Clause 12.
For the avoidance of doubt, the Reward rates and other information published on our Website are indicative only and do not constitute a binding commitment by TTP. Consistent with Clause A.3, whether and in what amount a Reward is granted is determined by TTP in its reasonable discretion by reference to the extent to which the Trading Data constitutes Compliant Trading Data, and a Reward may be determined as zero.
A.11 Tax Responsibility
You are solely responsible for the tax treatment of the Rewards received in your country of residence. TTP does not provide tax advice and assumes no responsibility for the tax consequences of Reward payments.
A.12 Termination of the Funded Phase
Termination of the Funded Phase is governed by Clause 14 of the GTC. Upon termination – regardless of the reason – access to the Funded Account shall cease. Rewards already determined in accordance with Clause A.3 shall remain payable, except where (i) the determination was procured by fraud by the User, or (ii) the underlying Trading Data is tainted by a breach of the Trading Rules, whether arising during a Challenge Phase or the Funded Phase (as further governed by Clause A.8). The applicable refund rules are governed by Clause 3.7 of the GTC.
Schedule B – Prohibited Trading Practices
The following list sets out Prohibited Trading Practices for the purposes of Clause 6. The list is non-exhaustive; it may be amended, and further practices classified as prohibited, in accordance with Clause 6.6. The most up-to-date version is available on our Website. Except where stated otherwise, the practices below are prohibited regardless of whether they are carried out manually or by automated means.
System Error Exploitation: Exploiting errors, mispricing, or delays in price display or data-feed processing on the Trading Platform to generate Trading Data that does not reflect genuine, simulated trading performance. Trading Data affected by such conduct may be disregarded in accordance with Clause 6.7.2, whether or not the exploitation was intentional;
External or Delayed Data Feed: Executing trades on the basis of external or delayed data feeds in order to gain an advantage over the pricing displayed on the Trading Platform;
Trade Manipulation: Coordinated trading, alone or with others – including through linked accounts or accounts of Affiliated Companies – with the aim of distorting the Trading Data or the simulation, including simultaneously taking opposing positions (counter-position strategies);
Arbitrage Trading: Exploiting price discrepancies for identical or similar assets between the Trading Platform and other markets or feeds, or between different feeds available on the Trading Platform;
High-Frequency Trading: Strategies in which the majority of trades are held for only a few seconds or less;
Gap Trading: Opening trades in anticipation of market gaps before significant economic events, or before scheduled market closures of at least two (2) hours;
News Bracketing: Placing or opening orders in anticipation of the release of high-impact economic data or events; in particular, opening or closing positions within two (2) minutes before or after such a release is prohibited;
Copy Trading / Trade Coordination: Coordinated trading, or copying the trades of other traders or accounts;
Excessive or Unrealistic Trading Volume: Trading an unreasonably large number of lots or contracts within a single trading day;
Lot Size Manipulation: Using significantly smaller lot sizes after a large trade with the aim of formally meeting minimum trading-day requirements;
Rollover Scalping Arbitrage: Exploiting simulated interest-rate or rollover (swap) mechanics on currency pairs through rollover scalping;
Non-Speculative Trading Behavior: Trading methods that do not reflect a genuine, risk-based speculative strategy consistent with the character of the Trading Platform – including trading that resembles random chance or gambling rather than a comprehensible risk-based approach (see also Clause 6.5);
Expert Advisors (EAs) with Prohibited Functions: EAs that engage in tick scalping, latency arbitrage, reverse arbitrage, hedge arbitrage, or rollover scalping, that use emulators, or that copy the trades of others. EAs used simultaneously by multiple traders so as to generate identical strategies are also prohibited;
Technology Interference: Use of technologies that interfere with the network or operation of the Trading Platform;
AI and Automated Tools: Use of artificial intelligence, automated trading systems, ultra-high-speed tools, or mass data entry to manipulate the Trading Platform, circumvent our monitoring systems, or gain an unfair trading advantage in the generation of Trading Data; and
Other Platform-Contrary Practices: Any form of trading that contradicts standard trading practices on the financial markets, or that gives rise to reasonable concerns that the integrity of the Trading Platform, the simulation, the Trading Data, or TTP's economic model underlying the Product may be adversely affected – including overleveraging, overexposure, one-sided bets, or account rolling.