Company Information

Lucid Funded (operating as Lucid Funded, LLC and affiliated entities) ("Company", "we", "our" or "us") provides you ("you" or the "Participant") with a limited license to use the trading evaluation services (the "Services") offered by the Company subject to the terms and conditions contained herein (the "Agreement") and your geographic location.

This Agreement constitutes a legally binding contract, and you have an obligation to read this Agreement before using and accessing the Services offered by the Company. By using the Services, you are agreeing to the terms and conditions contained within this Agreement.

The Company reserves the right to suspend, replace, modify, amend, or terminate this Agreement at any time within its sole and absolute discretion. In the event The Company replaces, modifies, or amends this Agreement, your continued use of the Services after a change in the Effective Date of said changes will constitute your agreement to any replacement, modification, or amendment to this Agreement.

Participant Representations

By using the Services, you represent that you are at least eighteen (18) years old, are of sound mind, and have the capacity to agree to and uphold the terms and conditions contained within this Agreement. If you use the Services on behalf of a business entity or other third-party, then you represent that you have actual authority to act as an agent of that business entity or third-party, and that you have the right and ability to agree to and bind that third-party or business entity to the terms of this Agreement on its behalf.

You represent that your use of the Services does not violate any law, regulation, ordinance, statute, or treaty that is applicable to individuals or business entities located in the jurisdiction in which you reside. You further represent that you are not prohibited from entering into this Agreement by the terms of any preexisting agreement.

Limited License

The Company provides you with a limited, non-exclusive, non-sublicensable, non-assignable, revocable, and royalty-free license to use the Services for their customary and intended purposes. You are expressly prohibited from scraping, framing, hacking, reverse engineering, crawling, or aggregating the Services, the Company Website, whether in whole or in part, without the prior written consent of the Company.You acknowledge and agree that your limited use of the Services does not entitle you to any license or intellectual property rights to any technology, intellectual property, copyrights, trademarks, or trade secrets of the Company or any third-party contractor thereof.

You acknowledge and agree that your use of the Services is limited by the terms of this Agreement, and you expressly agree that you will not use the Services in any manner that is not expressly authorized under the terms of this Agreement.

This license is revocable at any time, and any rights not expressly granted in this Agreement are reserved for the Company.

Prohibited Uses

You are expressly prohibited from using the Services to violate any law, statute, ordinance, regulation, or treaty, whether local, state, provincial, national, or international, or to violate the rights of a third-party, including, but not limited to intellectual property rights, privacy rights, rights of publicity, or other personal or proprietary rights.

Additionally, you are expressly prohibited from scraping, crawling, framing, posting unauthorized links to, aggregating, hacking, performing denial of service (DOS) attacks on, reverse engineering, or circumventing technological protection measures of the Services or the Company website.

You are also prohibited from using the Services or the Company website to transmit unsolicited commercial emails to third parties or Participants of the Company. While The Company is not responsible for any such content posted by its Participants and does not have the affirmative obligations to monitor such content, it does reserve the right to remove them.

Trading Restrictions

You are also prohibited from using any trading strategy that is expressly prohibited by the Company or the Brokers it uses. Such prohibited trading ("Prohibited Trading") shall include, but not be limited to:
-Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker
-Utilizing non-public and/or insider information
-Front-running of trades placed elsewhere
-Trading in any way that jeopardizes the relationship that the Company has with a broker or may result in the canceling of trades
-Trading in any way that creates regulatory issues for the Broker
-Utilizing any third-party strategy, off-the-shelf strategy or one marketed to pass evaluation accounts
-Utilizing one strategy to pass an evaluation and then utilizing a different strategy in a funded account
-Attempting to arbitrage an evaluation account with another account with the Company or any third-party company
-Opening a position within 3 minutes before or after a News Event is prohibited
-Attempting to arbitrage your account with another account with the Company or any third-party company
Warning

If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company or owed to you by the Company, in the Company's sole discretion. We monitor all accounts in every phase and funded. Consistency rules are in place to keep people from gambling and ressemble a true real life simulated trading account. Consistency Rule is 35%. If you break the consistency rule you are only allowed to withdraw up to 20% of your account balance per day. Clients must stay consistent for 30 days to reach full payout.

Clients must trade once per week to stay wtihin the rules and keep an active account. ALL TRADES must be closed by 3:45pm EST before market closure. Failing to do so will violate our rules and terminate your challenge with the exception of of those who chose to add on holding trades past market closure.

Prohibition of Gambling Practices

Engaging in inappropriate risk management practices, such as gambling, "all-in" trading, or excessively leveraging positions, is strictly prohibited. Trading activity that resembles gambling—such as consistently placing trades prior to news releases or other binary events—will not be tolerated.

Excessive risk-taking and gambling are defined by the percentage of an account risked in a single trade or across a series of trades or positions. An "all-in" trade refers to committing all or a substantial portion of available capital or margin to a single trade.

If you are found to be engaging in such activities, the Company reserves the right to immediately close your account and such closure may include the forfeiture of any fees owed to you by the Company, in the Company's sole discretion.

Copy Trading

Copy trading from one account to another is only permitted if the participant owns all the accounts in question.
-Group trading, signal services, passing services, or any other methods that bypass individual strategy are not allowed
-Engaging in trades that mirror or closely align with another participant or group of participants across multiple accounts is strictly prohibited
-Using automated trading systems (EAs) or third-party trading strategies that facilitate copy trading is strictly prohibited

Reverse Trading/Group Hedging

Hedging or executing reverse trades within a single account is not a prohibited trading activity.
-Executing a buy trade on one account and a sell trade on another account, or vice versa, is strictly prohibited
-Group hedging across multiple accounts and/or coordinating opposing positions at one or multiple prop firms practice is strictly prohibited

Education

The Company does not provide any participant education. The intent of The Company is to identify individuals with a talent for trading. No live trading is provided directly by the Company.

Although The Company may provide data, information, and content relating to investment approaches and opportunities to make trades, such data, information and content is provided solely for general informational and educational purposes.

Account Creation

In order to register as a Participant, you will be asked to provide personal information, including, but not limited to your name, email address, mailing address, phone number, date of birth and a username and password for an account that is unique to you.

The account will be personal to You, and You cannot share it with anybody else. You will be responsible for maintaining the confidentiality of your username and password. If you suspect that your account has been breached, you must immediately notify The Company.

Participants are limited to one active account per evaluation level, (any individual registering under a corporate entity is barred from registering an individual account at the same time) absent prior written approval.

Purchases and Refunds

The Company may provide products, services, subscriptions, or access to certain portions to the Company's website at a monetary cost. Prices and availability are subject to change without notice.

Upon the complete purchase of a product, service, subscription, or access to certain portions of the Company website, the Company will make any said product, service, or access available to you following the approved transaction.

No Refunds Policy

There are no refunds on any Services purchased from the Company.

Evaluation Limits

You are permitted to purchase and participate in only one evaluation of a specific account size and a specific plan type at a time, regardless of trading platform.

Example: You can have one $100k Single Phase Account Challenge and one $100k Single Phase Account Challenge, simultaneously. However, you cannot have one $100k Single Phase Account Challenge and another $100k Single Phase Account Challenge active at the same time.

Maximum Allocation Limits: A maximum allocation of up to $1 million in total active evaluation accounts and up to $1 million in total active funded plans per person is permitted. This can be composed of multiple evaluations or funded accounts.

Commissions and Fees

Commissions or commission-equivalents may be charged in connection with your trading activity. Rates and methods of application can vary by asset class and are determined by our liquidity providers, and may be adjusted periodically to reflect market conditions. In addition, positions held overnight may incur swap rates.

Liquidity Providers

We utilize an aggregate source of pricing and liquidity from multiple brokers and liquidity providers. The current liquidity providers use a number of different tier 1 banks, prime brokers, market makers and other liquidity sources to derive their pricing.

All market pricing and trade executions are provided by the brokers, without any alterations or modifications on our part. Moreover, we do not adjust transaction costs such as bid-offer spreads, markups/markdowns or swaps beyond what is set by our brokers.

Trademarks and Intellectual Property

You acknowledge and agree that any and all trademarks, trade names, design marks, or logos displayed on the Company website by the Company, are common law or registered trademarks owned by or licensed to the Company.

You are expressly prohibited from using the trademarks of the Company to cause confusion, cause mistake, deceive consumers, or from falsely designating the origin of, source of, or sponsorship of your goods or services.

Risk Disclosure Statement

Important Risk Warning: Before deciding to participate in financial markets, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any over-the-counter transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price of the products you are trading.

Disclaimer of Warranties and Limitation of Liability

YOU ACKNOWLEDGE AND AGREE THAT THE SERVICE AND COMPANY WEBSITE ARE PROVIDED ON AN "AS-IS" BASIS AND WITHOUT WARRANTY OF ANY KIND, INCLUDING, BUT NOT LIMITED TO WARRANTIES OF TITLE, MERCHANTABILITY, ACCURACY, FITNESS FOR A PARTICULAR PURPOSE, SECURITY, AND NON-INFRINGEMENT.

WHEREVER PERMITTED BY LAW, YOU ACKNOWLEDGE THAT THE COMPANY WILL NOT BE HELD RESPONSIBLE OR LIABLE FOR ANY CLAIMS, DAMAGES, JUDGMENTS, CHARGES, OR FEES ARISING OUT OF OR RELATED TO INFORMATION ON THE WEBSITE AND YOUR USE OF OR ACCESS TO THE SERVICE OR THE COMPANY WEBSITE.

Disclaimers

General Disclaimer: All content published and distributed by Lucid Funded, LLC and its affiliates (collectively, the Company) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund.

Simulated Trading Disclaimer: The company is not a broker and does not accept deposits. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.