Terms of Service, Privacy Policy, Refund Policy
Terms of Service – Technology Access and Trader Challenge Program
1. When Do These Terms Apply?
These Terms of Service are agreed upon between you and LifeUpTrading Co., Ltd. (612-86-02810) (hereinafter referred to as the "Company") and set forth the terms and conditions governing your Account and use of the Services (including the Challenge program, Reward Account trader status, or related ancillary services). These Terms become effective immediately upon the successful registration of your Account and remain in effect until terminated or until you discontinue use of the Services pursuant to Section 18. By registering your Account and using the Services, you expressly acknowledge and agree that you have read, understood, and agreed to these Terms.
2. What Are You Signing Up For?
2.1 Trading Skill Challenge
a. By opening an Account and paying the entry fee, you agree to have your trading skills assessed in a Company-developed simulated environment according to the evaluation criteria corresponding to your chosen Challenge program.
b. You will be granted access to a trading platform used to execute trades for the Company's assessment against the evaluation criteria.
2.2 Trading After Passing the Test (Reward Account Trader)
a. If you demonstrate sufficient trading skills and meet the evaluation criteria, the Company may offer you a role as a Reward Account trader (which you may accept or decline). There is no guarantee that such a role will be offered, regardless of whether you satisfy the relevant evaluation criteria.
b. As a Reward Account trader, the Company will allocate you an account (sized according to your Challenge program) in which you execute trades with the objective of generating nominal net profits during each trading period.
c. If you fail to meet the criteria specified in the rules during a given trading period, you will not be eligible to request a Payout for that trading period.
d. As a Reward Account trader, you are not required to provide capital for the allocated funds