Speed Up Trader Terms and Conditions

Terms of Service for SpeedUpTrader.com

Introduction

Welcome to SpeedUpTrader.com. This website is owned and operated by Speed Up Trader LLC. By visiting our website and accessing the information, resources, services, products, and tools we provide, you understand and agree to accept and adhere to the following terms and conditions as stated in this policy (hereafter referred to as 'User Agreement'), along with the terms and conditions as stated in our Privacy Policy (please refer to the Privacy Policy section below for more information).

This agreement is in effect as of September 27, 2018.

We reserve the right to change this User Agreement from time to time without notice. You acknowledge and agree that it is your responsibility to review this User Agreement periodically to familiarize yourself with any modifications. Your continued use of this site after such modifications will constitute acknowledgment and agreement of the modified terms and conditions.

Responsible Use and Conduct

By visiting our website and accessing the information, resources, services, products, and tools we provide for you, either directly or indirectly (hereafter referred to as 'Resources'), you agree to use these Resources only for the purposes intended as permitted by (a) the terms of this User Agreement, and (b) applicable laws, regulations and generally accepted online practices or guidelines.

Wherein, you understand that:

  • a. In order to access our Resources, you may be required to provide certain information about yourself (such as identification, contact details, etc.) as part of the registration process, or as part of your ability to use the Resources. You agree that any information you provide will always be accurate, correct, and up to date.
  • b. You are responsible for maintaining the confidentiality of any login information associated with any account you use to access our Resources. Accordingly, you are responsible for all activities that occur under your account/s.
  • c. Accessing (or attempting to access) any of our Resources by any means other than through the means we provide, is strictly prohibited. You specifically agree not to access (or attempt to access) any of our Resources through any automated, unethical or unconventional means.
  • d. Engaging in any activity that disrupts or interferes with our Resources, including the servers and/or networks to which our Resources are located or connected, is strictly prohibited.
  • e. Attempting to copy, duplicate, reproduce, sell, trade, or resell our Resources is strictly prohibited.
  • f. You are solely responsible any consequences, losses, or damages that we may directly or indirectly incur or suffer due to any unauthorized activities conducted by you, as explained above, and may incur criminal or civil liability.
  • g. We may provide various open communication tools on our website, such as blog comments, blog posts, public chat, forums, message boards, newsgroups, product ratings and reviews, various social media services, etc. You understand that generally we do not pre-screen or monitor the content posted by users of these various communication tools, which means that if you choose to use these tools to submit any type of content to our website, then it is your personal responsibility to use these tools in a responsible and ethical manner. By posting information or otherwise using any open communication tools as mentioned, you agree that you will not upload, post, share, or otherwise distribute any content that:
  • i. Is illegal, threatening, defamatory, abusive, harassing, degrading, intimidating, fraudulent, deceptive, invasive, racist, or contains any type of suggestive, inappropriate, or explicit language;
  • ii. Infringes on any trademark, patent, trade secret, copyright, or other proprietary right of any party;
      1. Iii. Contains any type of unauthorized or unsolicited advertising;
        Iiii. Impersonates any person or entity, including any SpeedUpTrader.com employees or representatives.

    We have the right at our sole discretion to remove any content that, we feel in our judgment does not comply with this User Agreement, along with any content that we feel is otherwise offensive, harmful, objectionable, inaccurate, or violates any 3rd party copyrights or trademarks. We are not responsible for any delay or failure in removing such content. If you post content that we choose to remove, you hereby consent to such removal, and consent to waive any claim against us.

  • h. We do not assume any liability for any content posted by you or any other 3rd party users of our website. However, any content posted by you using any open communication tools on our website, provided that it doesn't violate or infringe on any 3rd party copyrights or trademarks, becomes the property of Speed Up Trader LLC, and as such, gives us a perpetual, irrevocable, worldwide, royalty-free, exclusive license to reproduce, modify, adapt, translate, publish, publicly display and/or distribute as we see fit. This only refers and applies to content posted via open communication tools as described, and does not refer to information that is provided as part of the registration process, necessary in order to use our Resources. All information provided as part of our registration process is covered by our privacy policy.
  • i. You agree to indemnify and hold harmless Speed Up Trader LLC and its parent company and affiliates, and their directors, officers, managers, employees, donors, agents, and licensors, from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, resulting from any violation of this User Agreement or the failure to fulfill any obligations relating to your account incurred by you or any other person using your account. We reserve the right to take over the exclusive defense of any claim for which we are entitled to indemnification under this User Agreement. In such event, you shall provide us with such cooperation as is reasonably requested by us.

Privacy

Your privacy is very important to us, which is why we've created a separate Privacy Policy in order to explain in detail how we collect, manage, process, secure, and store your private information. Our privacy policy is included under the scope of this User Agreement. To read our privacy policy in its entirety, click here.

Limitation of Warranties

By using our website, you understand and agree that all Resources we provide are "as is" and "as available". This means that we do not represent or warrant to you that:

  • i) the use of our Resources will meet your needs or requirements.
  • ii) the use of our Resources will be uninterrupted, timely, secure or free from errors.
  • iii) the information obtained by using our Resources will be accurate or reliable, and
  • iv) any defects in the operation or functionality of any Resources we provide will be repaired or corrected. Furthermore, you understand and agree that:
  • v) any content downloaded or otherwise obtained through the use of our Resources is done at your own discretion and risk, and that you are solely responsible for any damage to your computer or other devices for any loss of data that may result from the download of such content.
  • vi) no information or advice, whether expressed, implied, oral or written, obtained by you from Speed Up Trader LLC or through any Resources we provide shall create any warranty, guarantee, or conditions of any kind, except for those expressly outlined in this User Agreement.

Limitation of Liability

In conjunction with the Limitation of Warranties as explained above, you expressly understand and agree that any claim against us shall be limited to the amount you paid, if any, for use of products and/or services. Speed Up Trader LLC will not be liable for any direct, indirect, incidental, consequential or exemplary loss or damages which may be incurred by you as a result of using our Resources, or as a result of any changes, data loss or corruption, cancellation, loss of access, or downtime to the full extent that applicable limitation of liability laws apply.

Copyrights/Trademarks

All content and materials available on SpeedUpTrader.com, including but not limited to text, graphics, website name, code, images and logos are the intellectual property of Speed Up Trader LLC, and are protected by applicable copyright and trademark law. Any inappropriate use, including but not limited to the reproduction, distribution, display or transmission of any content on this site is strictly prohibited, unless specifically authorized by Speed Up Trader LLC.

Termination of Use

You agree that we may, at our sole discretion, suspend or terminate your access to all or part of our website and Resources with or without notice and for any reason, including, without limitation, breach of this User Agreement. Any suspected illegal, fraudulent or abusive activity may be grounds for terminating your relationship and may be referred to appropriate law enforcement authorities. Upon suspension or termination, your right to use the Resources we provide will immediately cease, and we reserve the right to remove or delete any information that you may have on file with us, including any account or login information.

Governing Law

This website is controlled by Speed Up Trader LLC from our offices located in the state of Florida. It can be accessed by most countries around the world. As each state has laws that may differ from those of Florida, by accessing our website, you agree that the statutes and laws of Florida, without regard to the conflict of laws and the United Nations Convention on the International Sales of Goods, will apply to all matters relating to the use of this website and the purchase of any products or services through this site.

Furthermore, any action to enforce this User Agreement shall be brought in the federal or state courts located in Florida. You hereby agree to personal jurisdiction by such courts, and waive any jurisdictional, venue, or inconvenient forum objections to such courts.

Guarantee

UNLESS OTHERWISE EXPRESSED, Speed Up Trader LLC EXPRESSLY DISCLAIMS ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. Contact Information

Refund Policy

There are NO refunds, all sales are final.

Funding Test Rules:

All funding tests are in “Simulation.” They are not real money.

“Express Funding”

Express funding is a 10 day trading test. You have 10 trading days to complete the test, starting the first trading day after payment has been made. You may start the same day as payment, if Speed Up Trader is able to set your account up in time.

Express funding is a one time fee that varies by account size.

You are required to trade 10 consecutive trading days.

A trading day is defined by any day the CME Group “GLOBEX” is open, except for days listed on the CME holiday calendar: https://www.cmegroup.com/tools-information/holiday-calendar.html

You may trade any day the CME Group Globex is open, but you MUST trade any day that is not on the holiday calendar.

In order to pass the test, you must hit the profit target in 10 trading days, while following the rest of the rules.

“Express Funding” Account Sizes and Rules:

$25,000 Account

  • -10 trading days
  • -$1,500 profit target
  • -3 Contract maximum
  • -Daily loss limit of $500
  • -Maximum Drawdown of $1,500
  • -Must close positions by 4:10 P.M. Eastern time.
  • -May not trade through major news events.

$50,000 Account

  • -10 trading days
  • -$3,000 profit target
  • -6 Contract maximum
  • -Daily loss limit of $1250
  • -Maximum Drawdown of $2,500
  • -Must close positions by 4:10 P.M. Eastern time.
  • -May not trade through major news events.

$100,000 Account

  • -10 trading days
  • -$6,000 profit target
  • -12 Contract maximum
  • -Daily loss limit of $2500
  • -Maximum Drawdown of $3,500
  • -Must close positions by 4:10 P.M. Eastern time.
  • -May not trade through major news events.

“Express Funding” is only available to new accounts.

“General Funding”

General funding is an ongoing trading test where you have unlimited time to achieve the profit target. You must trade a minimum of 15 trading days.

You are charged every 30 days after the initial payment until you either pass the test or cancel.

You may “start over” at any time for a fee, but that does not change your recurring monthly payment date.

Data fees for “general funding”

Because we give you as much time as you need, you are responsible for your own data fees during the “general funding” test. Since the CME GROUP doesn’t allow free data past 30 days, you are required to open a micro trading account with our broker to be eligible for the general funding test.

The account opened will be for $100, and it allows you to view the real time data and qualify as a non-professional.

The $100 account belongs to you, not SpeedUpTrader and you can take the money out upon completion of your successful or unsuccessful funding test.

To read more about why and to understand the professional vs. Non professional trading rules, you can visit the link here.

“General Funding” Account Sizes and Rules:

$25,000 Account

  • -15 trading days minimum
  • -$1,500 profit target
  • -3 Contract maximum
  • -Daily loss limit of $500
  • -Maximum Drawdown of $1,500
  • -Must close positions by 4:10 P.M. Eastern time.
  • -May not trade through major news events.

$50,000 Account

  • -15 trading days minimum
  • -$3,000 profit target
  • -6 Contract maximum
  • -Daily loss limit of $1250
  • -Maximum Drawdown of $2,500
  • -Must close positions by 4:10 P.M. Eastern time.
  • -May not trade through major news events.

$100,000 Account

  • -15 trading days minimum
  • -$6,000 profit target
  • -12 Contract maximum
  • -Daily loss limit of $2,500
  • -Maximum Drawdown of $3,500
  • -Must close positions by 4:10 P.M. Eastern time. M
  • -May not trade through major news events.

Definitions:

Daily loss limit: The amount of money you can lose, including commissions, before your positions are liquidated, and the test is deemed unsuccessful.

Contract Maximums: Maximum number of contracts trading at any time cannot exceed the contract maximum for your trading test. It is a sum of contracts for all products. For example, if you have a maximum of 3 contracts, you can trade 1 ES, 1 NQ, and 1 CL or any combination that doesn’t exceed 3.

Commisions: Commissions are $5 per contract for every round trip, regardless of the instrument traded.

Profit Target: Amount needed to gain including commissions to pass the test.

Maximum Drawdown: Amount you can lose from the highest point of your account.

Example:

$50,000 account with a $2,500 maximum drawdown.

The lowest point your account can ever go is $47,500 ($50,000 - $2,500). At that point all positions will be liquidated and your test will be unsuccessful.

The maximum drawdown “chases” you higher, so if you make $500, leaving your account balance at $50,500, your maximum drawdown now sits at $48,000 ($50,500-$2,500).

The maximum drawdown continues to move higher until it reaches your account balance starting point. At that point, it doesn’t chase you anymore.

Example:

$100,000 account with $3,500 drawdown.

Your account balance is at $105,000, your maximum drawdown now sits at $100,000. It cannot go higher than the original starting balance.

Major news events:

All major news events can be found at forexfactory.com or a similar economic calendar.

You must be out of all positions one minute before and one minute after the following:

  • - FOMC Statement and FOMC meeting minutes
  • - Non Farm Payrolls (NFP)

Equity and Interest Rate traders must also be out of all positions during:

  • - Unemployment claims

Currency traders must be out of all positions during:

  • - Central bank announcements
  • - Unemployment claims for any country directly involved in the currency trade (in the currency pair you are trading).

Energy traders must be out of all positions during

  • - Crude Oil Inventories
  • - EIA Petroleum Report
  • - EIA Nat Gas Report

Agriculture traders must be out of all positions during

  • - Crop Production

Data Fees:

Data fees are the sole responsibility of you, the trader.

Platform Fees:

There are no platform fees while taking either “express funding” or “general funding”

Platform Usage:

You are required to enter and exit the trades on our trading platform “Speed Up Trader” for the trades to be valid. You may use whatever charting platform you would like, at your own expense for charting, but the trades must be executed on the “Speed Up Trader” platform.

Successful Funding Tests:

Upon successful completion of a funding test, you are guaranteed access to a trading account by our funding partners.

If you believe you have successfully completed the trading test, shoot us email at support (at) speeduptrader.com and we will get you setup with your account.

If you have any questions or comments about these our Terms of Service as outlined above, you can contact us at:

support@speeduptrader.com