Funded Trader Agreement

1. Parties, account, and acceptance

This Funded Trader Agreement (“Agreement”) is between The Black Vault Funding, Inc. (“Black Vault”) and the verified trader identified in the electronic signature record (“Trader”). The Trader participates as a Black Vault Program Participant. This Agreement governs each Black Vault Simulated Funded Account identified in an Account Schedule issued with it.

Creating a trader identity or beginning an evaluation does not require funded-account KYC. Funded-account setup begins only after Black Vault verifies an evaluation pass or accepts a Vault Direct order. During that setup, the Trader must complete the required identity and KYC review, receive an account-specific Account Schedule, consent to electronic records, and sign and date this Agreement before the Simulated Funded Account can be activated. Access does not begin merely because an evaluation result or order status is displayed.

2. Account Schedule

The Account Schedule is part of this Agreement and identifies the Trader, funded account reference, entry path, account size, trading provider, drawdown method, maximum loss, contract limits, permitted products, funded-buffer requirement, trailing-lock balance, permanent floor, profitable-day requirement, payout-cycle consistency rule if any, minimum and maximum request amounts, Trader share, and the versions of all incorporated rules.

A Simulated Funded Account has no evaluation profit target. Only the funded-stage and payout requirements shown in the signed Account Schedule apply. A reset or replacement account requires a new Account Schedule and a new signature when its account reference or any material term changes.

3. Simulated program and separate future live program

Black Vault provides the Trader with personal access to a simulated futures account, related market-data presentation, account records, and dashboard tools. Account balances, trades, profits, and losses are program measurements in a simulated environment. They are not a deposit or a brokerage account, and the Trader does not own or control the displayed account balance.

A cash payment may be earned only as a Vault Payout under this Agreement and the signed Account Schedule. No live brokerage account or authority to trade a live account is created by this Agreement.

This Agreement governs only the Simulated Funded Account. Any future live trading program will be separate and governed by its own eligibility review, onboarding, disclosures, agreements, broker or account documents, and controls. An evaluation pass, Simulated Funded Account, Vault Payout, or dashboard indication does not itself create a live account or a contractual right to future live-program access.

4. Eligibility and verified identity

The Trader represents that the Trader is at least 18 years old, has legal capacity to enter this Agreement, is using the Trader’s own verified identity, and is permitted to participate from the Trader’s residence and physical location. The Trader must provide accurate identity, tax, residency, payment, and bank information when requested and keep it current.

The Agreement, account, provider credentials, and any Vault Payout are personal to the verified Trader and may not be sold, assigned, shared, or transferred. Black Vault may pause activation or a payout review while reasonably necessary identity, sanctions, fraud, security, or legal checks remain incomplete.

5. Trader control and permitted copy trading

Only the verified Trader may access, control, or trade the account. The Trader is responsible for protecting credentials and promptly reporting suspected compromise.

The Trader may copy the Trader’s own manually originated trades across no more than five Black Vault accounts that are owned by the same Trader and linked to the same verified Black Vault identity. The Trader may not copy signals, entries, exits, or account activity from another trader or group; permit another person or service to direct or control the Trader’s accounts; coordinate mirrored or opposite trading with another person; or share credentials or account control. Use of a trade copier does not transfer responsibility to Black Vault or excuse a rule violation, execution error, duplicate order, or account loss.

6. Trading rules and account responsibility

The Trader must follow the signed Account Schedule and the published Program Rules incorporated into it. The Trader is responsible for monitoring orders, positions, session boundaries, product and contract limits, drawdown, the permanent floor, and account status. A rule that was not included in the signed Agreement, Account Schedule, incorporated Program Rules, or a later change accepted by the Trader will not be used as a hidden basis to deny a Vault Payout or close an account.

7. Funded buffer and single-trade risk

The funded buffer is the amount by which current account equity exceeds the applicable drawdown floor. Unless the signed Account Schedule states a lower limit, one trade may place no more than 30% of the current funded buffer at risk. All entries and scale-ins that form the same position campaign are treated as one trade for this rule.

The dashboard’s live boundary is an aid, not a substitute for the Trader’s own risk control. Compliance is determined from authenticated provider orders, fills, positions, equity, and rule records. A confirmed violation makes the affected payout request ineligible; it is not by itself an automatic hard account breach. A drawdown-floor violation remains a separate account breach.

8. Vault Payouts

A Vault Payout is a contractual cash payment by Black Vault after the Trader satisfies the signed payout requirements and Black Vault verifies the request. It is not a withdrawal of the displayed simulated balance. No purchase, evaluation pass, account balance, trading result, or dashboard estimate guarantees a Vault Payout.

Eligibility is determined only under published and accepted requirements, which may include the required funded buffer and profit above it, profitable trading days, payout-cycle consistency when applicable, minimum and maximum request amounts, the 30% single-trade risk rule, an active account in good standing, verified identity and tax information, a verified bank or payment destination in the Trader’s name, complete provider records, and no unresolved fraud, security, payment-reversal, or data-integrity issue.

The Trader’s contractual share and all cycle-specific limits appear in the signed Account Schedule. If Black Vault denies or adjusts a request, Black Vault will identify the accepted rule or verified record supporting the decision and provide a method for the Trader to submit relevant evidence, unless prohibited by law or necessary to protect an active fraud or security investigation.

9. Payout processing

The Vault Payout Processing Policy is incorporated into this Agreement. The first complete and eligible request may take up to 21 business days for verification, review, and payment release. Subsequent complete and eligible requests are generally processed faster after initial verification and bank linking are on file, but no shorter time is guaranteed. Bank and payment-network posting time begins after Black Vault releases the payment and is outside Black Vault’s control.

10. Records, corrections, and technology

Authenticated provider order, fill, position, balance, and account records, together with Black Vault’s signed Agreement, Account Schedule, lifecycle, and rules records, govern account and payout calculations. Dashboard information may be delayed or corrected when a provider supplies a later authoritative record.

The Trader must report a suspected material discrepancy promptly and, when reasonably possible, avoid adding activity that would worsen the discrepancy until it is reviewed. A documented provider outage, duplicate record, or system error will be handled under the published correction procedure and will not be treated as Trader misconduct without supporting evidence.

11. Prohibited conduct

The Trader may not falsify identity, location, tax, bank, payment, or trading information; exploit delayed or erroneous simulated fills, prices, or platform behavior; evade product, account, location, or risk limits; use another person’s payment method or payout destination; interfere with Black Vault or provider systems; or engage in fraud, unlawful conduct, chargeback abuse, coordinated account schemes, or conduct designed to create a misleading performance record.

12. Suspension, breach, and closure

Black Vault may temporarily restrict an account while investigating a documented security, fraud, payment, provider, or rule concern. Black Vault may close the affected account for a confirmed drawdown breach, material violation of this Agreement or the signed rules, unlawful conduct, identity or account sharing, or provider access loss. Consequences must correspond to the accepted rule or documented issue; Black Vault will not rely on an unpublished “spirit of the rules” standard.

Closure ends future account access and unapproved payout eligibility. A previously approved and released Vault Payout is not retroactively revoked except for duplicate payment, payment error, fraud, material misrepresentation, or another legal basis communicated to the Trader.

13. Program-participant relationship, taxes, and business entities

The Trader participates in Black Vault’s simulated performance program as a Black Vault Program Participant. Under this Agreement, a Vault Payout is a contractual program payment; it is not wages, salary, employee benefits, or payment for executing trades on behalf of Black Vault. Participation in the simulated program or receipt of a Vault Payout does not create an employment, partnership, joint-venture, agency, representative, fiduciary, brokerage, or investment-advisory relationship. The Trader has no authority to act for or bind Black Vault.

The Trader is responsible for the Trader’s own tax obligations and for obtaining independent tax advice. Black Vault may require appropriate tax documentation, including Form W-9 from a U.S. person or an applicable Form W-8 from a non-U.S. person. Black Vault may withhold or report payments and issue information returns, including Form 1099, when required by applicable law. The correct documentation and reporting depend on the payee, tax status, payment, and then-current law; no particular form or tax treatment is promised in advance. Nothing in this section determines tax or worker status contrary to applicable law.

Participation or payout through a business entity is available only when Black Vault expressly offers and approves a business onboarding process before this Agreement is signed. Approval may require entity formation and ownership records, beneficial-owner and authorized-trader identity verification, tax documentation, sanctions and fraud screening, and a verified payout destination held in the entity’s legal name. An individual account may not be converted to or paid through a business merely by changing a profile or bank name.

If a separate live trading program becomes available, the legal, brokerage, tax, and working relationship for that program will be governed only by its separate agreement and applicable broker or account documents. No relationship or classification for a future live program may be inferred from this simulated-program Agreement.

14. Data and confidentiality

Black Vault may collect, retain, analyze, and disclose account and trading records as described in the Privacy Policy to operate the program, verify rules, prevent fraud, resolve disputes, satisfy provider or legal obligations, and improve risk controls. The Trader retains ownership of pre-existing trading methods and grants Black Vault only the rights reasonably necessary for those purposes. Provider credentials, security controls, and nonpublic Black Vault materials must be kept confidential.

15. Incorporated terms and order of precedence

This Agreement incorporates the signed Account Schedule, the versioned Program Rules identified in it, the Terms of Service, Risk Disclosure, Simulated Account Disclosure, Vault Payout Processing Policy, and Privacy Policy.

If documents conflict, the signed Account Schedule controls account-specific numbers; the Program Rules control trading calculations; this Agreement controls the Simulated Funded Account and Vault Payout relationship; and the Terms of Service control general site use and purchases. A material change to this Agreement, the Account Schedule, or an incorporated rule applies prospectively and requires notice and renewed acceptance when it would affect the Trader’s rights or obligations.

16. Governing law and disputes

Minnesota law governs this Agreement without regard to conflict-of-law principles. Unless applicable law requires otherwise, state and federal courts serving Minnesota have exclusive jurisdiction. Before filing a claim, each party will give written notice and allow 30 days for a good-faith attempt to resolve it. This section does not prevent urgent injunctive relief or use of a legally available small-claims process.

17. Electronic records, signature, and signature date

Before signing, the Trader receives disclosures describing the hardware and software needed to access the records, how to withdraw electronic-record consent before signing, and how to download, print, or request a paper copy. The Trader must affirmatively consent to electronic records through an unchecked control.

After identity and KYC verification is complete, the Trader must sign this Agreement electronically in the authenticated Black Vault dashboard. The signing step requires the Trader to type the Trader’s verified legal name, affirmatively select an unchecked statement confirming the intent to sign electronically, and submit the signature. Black Vault records the signature date and time from its server; the Trader may not backdate the Agreement.

By submitting the electronic signature, the Trader agrees that the typed name and signing process are the Trader’s electronic signature and have the same intent and effect as a handwritten signature. The retained record links the authenticated Trader identity, KYC verification reference, funded account reference, Account Schedule, Agreement version, document hash, typed signature, server date and time, and available security evidence. A complete signed copy must remain available for the Trader to view, download, print, and retain and is sent to the Trader’s verified email address.

Electronic signature record

Trader legal name / electronic signature: completed in the authenticated signing flow
Signature date: recorded by Black Vault at submission
Funded account and Account Schedule: attached to the retained signed record
Black Vault acceptance: effective when the signed account is activated