FREE TORO100 CHALLENGE PROGRAM TERMS AND CONDITIONS

Effective Date:  May 1st, 2026  Last Updated: July 17, 2026]

IMPORTANT NOTICE

The Free Toro100 Challenge® is a simulated trading evaluation program provided by trader2B®.

The Free Toro100 Challenge Account:

  • Uses simulated Buying Power;
  • Does not contain money belonging to the Trader;
  • Is not a brokerage or investment account;
  • Does not provide ownership of any securities;
  • Does not provide payouts or withdrawals;
  • Does not generate cash profits payable to the Trader; and
  • Is used to evaluate the Trader’s skill, discipline, consistency, trading behavior, and risk management.

There are no payouts from the Free Toro100 Challenge Account.

Successfully completing the Free Toro100 Challenge does not automatically guarantee admission to a Live Funded Account. Admission is subject to final trading review, identity verification, KYC and compliance approval, duplicate-account review, exchange and Professional Market Data registration, Market Data fee arrangements, account availability, execution-partner approval, and acceptance of a separate Live Funded Trader Agreement.

By registering for, accessing, or using the Free Toro100 Challenge, you confirm that you have read, understood, and accepted these Program Terms and Conditions.

1. CONTRACTING PARTIES

These Free Toro100 Challenge Program Terms and Conditions constitute a legally binding agreement between:

 trader2B Software Solutions LLC, “OPERATING ENTITY,” doing business as trader2B®, with its registered address 20801 Biscayne Blvd, Suite 404, Miami. Florida, 33180 – U.S.A referred to as “trader2B®,” “we,” “us,” or “our”;

and

the individual registering for or using the Free Toro100 Challenge, referred to as the “Trader,” “User,” “you,” or “your.”

These Program Terms apply together with:

  1. trader2B® general Website Terms and Conditions;
  2. trader2B® Privacy Policy;
  3. the current Trading Rules;
  4. the approved tradable-symbol list;
  5. the Account parameters displayed in the User Area;
  6. any applicable Market Data agreements; and
  7. any additional Program notice communicated through the Website, User Area, Trading Platform, application, or email.

If these Program Terms conflict with advertising, marketing materials, social-media content, support messages, or general educational content, these Program Terms and the Account-specific rules will control.

2. DEFINITIONS

For purposes of these Program Terms:

2.1 Account

“Account” means a Free Toro100 Challenge Account, User Area, simulated trading account, or any other account issued to the Trader through the Program.

2.2 Approved Symbols

“Approved Symbols” means the U.S. stocks and exchange-traded funds included on trader2B® current tradable-symbol list.

2.3 Buying Power

“Buying Power” means the simulated trading capacity assigned to the Account. Buying Power is not cash, a deposit, credit owed to the Trader, or money available for withdrawal.

2.4 Challenge

“Challenge” means the Free Toro100 simulated evaluation program.

2.5 Completed Round Trade

“Completed Round Trade” means an opening transaction and the corresponding closing transaction that fully or partially closes the resulting position, as determined under trader2B® calculation methodology.

2.6 Consistency Score

“Consistency Score” means trader2B® measurement of whether the Trader’s results demonstrate reasonably sustainable and repeatable trading performance.

2.7 Daily Maximum Loss

“Daily Maximum Loss” means the maximum permitted Account loss during one Trading Day.

2.8 Live Funded Account

“Live Funded Account” means an Account expressly identified in writing as an approved Account through which trading activity may be routed to live financial markets.

2.9 Market Data

“Market Data” means pricing, quotations, trades, charts, bid-and-ask information, market depth, reference information, and related financial-market information supplied by an exchange or third-party provider.

2.10 Maximum Drawdown

“Maximum Drawdown” means the maximum permitted reduction in the Account’s balance or equity under the applicable Account calculation.

2.11 Order

“Order” means an instruction submitted through the Trading Platform to buy, sell, short, cover, cancel, replace, or otherwise transact in an Approved Symbol.

2.12 Professional Market Data

“Professional Market Data” means exchange Market Data provided under a professional subscriber classification or other classification applicable to a Live Funded Trader.

2.13 Program

“Program” means the Free Toro100 Challenge and its related registration, Account, Trading Platform, analytics, support, Market Data, and evaluation services.

2.14 Simulated Trading

“Simulated Trading” means fictional or demonstration trading activity that uses virtual Buying Power and does not necessarily result in an actual transaction in a live financial market.

2.15 Trading Day

“Trading Day” means a day on which the applicable U.S. securities markets are open for regular trading.

2.16 Trading Platform

“Trading Platform” means any web, desktop, mobile, or third-party interface made available for the Program.

2.17 User Area

“User Area” means the trader2B® dashboard, customer portal, or Account-management interface.

3. ACCEPTANCE OF THESE TERMS

You accept these Program Terms when you:

  1. Register for the Free Toro100 Challenge;
  2. Select a checkbox confirming acceptance;
  3. Access the User Area or Trading Platform;
  4. Submit an Order;
  5. Use the Account; or
  6. Otherwise participate in the Program.

If you do not agree with these Program Terms, you must not register for or use the Program.

You are responsible for reviewing these Program Terms before beginning the Challenge.

4. ELIGIBILITY

To participate in the Program, you must:

  1. Be at least 18 years old;
  2. Have legal capacity to enter into an agreement;
  3. Use your own legal identity;
  4. Provide accurate and complete registration information;
  5. Control the email address used to register;
  6. Reside in a jurisdiction where trader2B® permits the Program;
  7. Not be subject to sanctions or other legal restrictions;
  8. Not have been previously prohibited from using trader2B® services; and
  9. Use the Program only for lawful purposes.

Your registered name must match the name appearing on any government-issued identification, funded-trader agreement, bank account, or payment account later used in connection with a Live Funded Account.

trader2B® may request information or documentation to confirm eligibility at any stage.

5. ONE FREE ACCOUNT PER TRADER

Unless trader2B® provides prior written approval, only one Free Toro100 Challenge Account is permitted per Trader.

You may not create, access, control, or benefit from multiple Free Toro100 Accounts by using:

  • Different email addresses;
  • Different names;
  • False or altered identities;
  • Family members or other persons;
  • Multiple devices;
  • Shared devices;
  • Virtual private networks;
  • Proxy servers;
  • Different internet connections;
  • Different locations;
  • Alternative login methods; or
  • Any other method intended to avoid the one-Account rule.

The one-Account rule applies throughout the Trader’s participation in the Program, including after an Account:

  • Reaches Maximum Drawdown;
  • Fails the Challenge;
  • Expires;
  • Is suspended;
  • Is placed into close-only mode;
  • Becomes eligible for reset; or
  • Is otherwise restricted.

6. NO NEW FREE ACCOUNT TO AVOID A RESET

A Trader may not create another Free Toro100 Account to avoid:

  1. A Maximum Drawdown breach;
  2. A failed Challenge;
  3. A reset requirement;
  4. A reset fee;
  5. An Account expiration;
  6. A trading restriction;
  7. A suspension;
  8. A Daily Maximum Loss restriction; or
  9. Any other consequence under the Program.

Creating a replacement Free Account instead of properly resetting, renewing, or resolving the existing Account is considered Program abuse.

The availability of a free registration does not give the Trader the right to create repeated Challenge Accounts.

7. DUPLICATE-ACCOUNT DETECTION

trader2B® may use internal security, fraud-prevention, identity, device, network, login, behavior, and trading-pattern review methods to identify duplicate, connected, or related Accounts.

Information reviewed may include, where permitted by law:

  • Registration information;
  • Names and contact information;
  • IP addresses;
  • Device characteristics;
  • Browser information;
  • Login history;
  • Account activity;
  • Geographic information;
  • Trading patterns;
  • Order timing;
  • Symbols and quantities;
  • Payment information;
  • KYC information; and
  • Other fraud or security indicators.

trader2B® is not required to disclose:

  • Its fraud-detection systems;
  • Detection thresholds;
  • Internal matching methods;
  • Security procedures;
  • Device-analysis methods;
  • Investigation techniques; or
  • The complete technical evidence used to connect Accounts.

A shared device, network, or location does not automatically establish a violation, but trader2B® may request an explanation or supporting information.

8. DUPLICATE ACCOUNTS MAY DISQUALIFY A PASSED TRADER

Passing the Challenge does not prevent trader2B® from reviewing the Trader’s previous Account activity.

If trader2B® determines that a Trader created, controlled, accessed, or benefited from multiple unauthorized Free Accounts, trader2B® may:

  1. Disable all related Accounts;
  2. Remove the Trader’s Challenge results;
  3. Cancel any indication that the Challenge was passed;
  4. Deny an Account reset or renewal;
  5. Deny participation in future free Programs;
  6. Deny admission to a Live Funded Account;
  7. Withdraw a conditional Live Funded Account invitation;
  8. Delay Live Funded Account activation while investigating;
  9. Terminate a Live Funded Account where permitted by the funded agreement; or
  10. Permanently restrict the Trader from using trader2B® services.

These actions may be taken even if the duplicate Accounts are discovered:

  • After the Trader reaches the profit target;
  • After the dashboard indicates that the Challenge was passed;
  • During final trading review;
  • During KYC;
  • During Professional Market Data registration;
  • Before Live Funded Account activation; or
  • After a conditional invitation has been issued.

9. PERSONAL USE ONLY

The Account is personal to the registered Trader.

You may not:

  1. Share your login credentials;
  2. Allow another person to trade the Account;
  3. Trade another User’s Account;
  4. Use an Account-management service;
  5. Sell, rent, transfer, or assign the Account;
  6. Ask another person to complete the Challenge for you;
  7. Represent another person’s performance as your own;
  8. Coordinate with another Trader to manipulate results; or
  9. Permit unauthorized remote access to the Account.

You are responsible for activity conducted through your credentials.

You must promptly notify trader2B® if you suspect unauthorized Account access.

10. SIMULATED NATURE OF THE CHALLENGE

The Free Toro100 Challenge is conducted in a simulated trading environment.

The Account’s $100,000 Buying Power:

  • Is virtual;
  • Is not a deposit;
  • Is not money held for the Trader;
  • Has no cash value;
  • Cannot be withdrawn;
  • Cannot be transferred;
  • Cannot be pledged or assigned; and
  • Does not create a debtor-creditor relationship.

Unless trader2B® expressly confirms otherwise in writing, Orders placed in the Challenge Account do not result in purchases or sales of securities in live financial markets.

Simulated trading results may differ materially from live-market results.

11. NO CHALLENGE PAYOUTS

There are no payouts, withdrawals, salaries, wages, profit shares, rewards, or other compensation generated by the Free Toro100 Challenge Account.

Any profit displayed in the Challenge Account:

  • Is simulated;
  • Has no monetary value;
  • Does not belong to the Trader;
  • Cannot be withdrawn;
  • Cannot be transferred;
  • Cannot be used to pay Market Data fees;
  • Does not create a payment obligation; and
  • Will not be transferred into a Live Funded Account.

Only eligible net profit generated after activation of an approved Live Funded Account may qualify for a profit share under a separate Live Funded Trader Agreement.

12. PURPOSE OF THE CHALLENGE

The purpose of the Challenge is to evaluate whether a Trader can demonstrate:

  1. Genuine trading skill;
  2. Responsible use of Buying Power;
  3. Consistent performance;
  4. Appropriate risk management;
  5. Compliance with loss limits;
  6. Discipline over a meaningful number of trades;
  7. Appropriate order-entry behavior;
  8. Compliance with Program rules; and
  9. Trading activity that trader2B® may reasonably consider for live-market participation.

The Program is not intended to reward gambling, artificial trade-count generation, system exploitation, or attempts to manipulate evaluation statistics.

13. FREE TORO100 CHALLENGE REQUIREMENTS

Unless different Account-specific parameters are clearly displayed before the Trader begins trading, the Free Toro100 Challenge requires:

13.1 Initial Buying Power

$100,000 in simulated Buying Power.

13.2 Profit Target

At least $6,000 in eligible net simulated profit, equal to 6% of Initial Buying Power.

13.3 Daily Maximum Loss

A maximum Daily Loss of $500.

13.4 Maximum Drawdown

A maximum total drawdown of $3,000.

The Account may not fall below $97,000, subject to the applicable drawdown-calculation method.

13.5 Minimum Completed Round Trades

At least 200 legitimate Completed Round Trades.

13.6 Consistency Score

A minimum Consistency Score of 50%.

13.7 Approved Symbols

Only Approved Symbols may be traded.

13.8 Day Trading Only

All positions must be closed before the applicable market-close cutoff. Overnight positions are prohibited.

13.9 Compliance

The Trader must comply with all Program Terms and Account rules.

Reaching the profit target alone is not sufficient to pass.

14. PROFIT-TARGET CALCULATION

The Trader must generate at least $6,000 in eligible net simulated profit.

The profit calculation may include:

  • Realized simulated profit and loss;
  • Commissions;
  • Transaction fees;
  • Platform charges;
  • Trade corrections;
  • Buying Power adjustments;
  • Prohibited-trading adjustments;
  • Clearly erroneous execution corrections; and
  • Other valid Account adjustments.

A preliminary dashboard balance showing $106,000 or more does not guarantee that the Challenge has been passed.

Results remain subject to reconciliation and final review.

15. DAILY MAXIMUM LOSS

The Trader may not reach or exceed the $500 Daily Maximum Loss.

The Daily Maximum Loss may include:

  • Realized losses;
  • Unrealized losses;
  • Commissions;
  • Fees;
  • P&L adjustments; and
  • Other Account charges or losses included under the applicable calculation.

When the Daily Maximum Loss is reached, trader2B® may place the Account into close-positions-only mode for the remainder of the Trading Day.

The Trader may ordinarily resume eligible trading on the next Trading Day if:

  1. Maximum Drawdown has not been breached;
  2. The Account remains active;
  3. The Account has not been suspended; and
  4. No other violation has occurred.

Risk-control systems are not guaranteed to reject or close every Order before a limit is exceeded. The Trader remains responsible for monitoring the Account.

16. MAXIMUM DRAWDOWN

The Account must not fall below the applicable Maximum Drawdown threshold.

For a $100,000 Account with a $3,000 Maximum Drawdown, the Account may not fall below $97,000, subject to the calculation methodology displayed for the Account.

Maximum Drawdown may include:

  • Realized losses;
  • Unrealized losses;
  • Commissions;
  • Fees;
  • Open-position losses;
  • P&L adjustments; and
  • Other valid Account adjustments.

A Maximum Drawdown breach may result in:

  1. Immediate Challenge failure;
  2. Account expiration;
  3. Trading suspension;
  4. Close-only status;
  5. Termination of the Account; or
  6. Eligibility to use an available reset option.

17. MINIMUM 200 COMPLETED ROUND TRADES

The Trader must complete at least 200 legitimate Completed Round Trades.

A Completed Round Trade generally consists of:

  1. An opening transaction; and
  2. A corresponding closing transaction for all or part of the resulting position.

The following may be excluded from the trade count:

  • Repeated one-share transactions;
  • Minimal-size trades placed primarily to increase the trade count;
  • Immediate entries and exits without a genuine trading purpose;
  • Repeated transactions designed to manipulate Program statistics;
  • Duplicate or artificial Orders;
  • Trades generated by unauthorized automation;
  • Coordinated trades across Accounts;
  • Wash-like activity;
  • Trades involving prohibited securities; or
  • Other activity trader2B® reasonably determines is not genuine trading.

Opening and closing multiple small quantities for the purpose of creating numerous Round Trades does not guarantee that those transactions will be counted.

trader2B® may remove artificial trades and recalculate the trade count.

18. CONSISTENCY SCORE

The Trader must maintain a Consistency Score of at least 50%.

The Consistency Score is intended to measure whether results reflect reasonably sustainable and repeatable trading rather than performance primarily generated by:

  • One unusually profitable trade;
  • One trading day;
  • One symbol;
  • One oversized position;
  • One exceptionally risky strategy; or
  • A sudden unexplained change in trading behavior.

trader2B® may consider:

  • Distribution of profit and loss;
  • Position sizes;
  • Number and frequency of trades;
  • Risk taken per trade;
  • Symbol concentration;
  • Average winning and losing trades;
  • Daily performance;
  • Trading patterns; and
  • Whether the strategy appears reasonably sustainable.

The Consistency Score may change as more trades are completed.

A large early profit does not automatically satisfy the Consistency Score requirement.

19. BUYING POWER

The Trader must remain within the assigned $100,000 Buying Power at all times.

Buying Power usage may be calculated using:

  • Executed positions;
  • Open Orders;
  • Pending Orders;
  • Partially filled Orders;
  • Long exposure;
  • Short exposure;
  • Gross exposure;
  • Current market price;
  • Estimated execution price;
  • Symbol concentration;
  • Risk multipliers; and
  • Other applicable risk factors.

Multiple Orders and positions may be aggregated when calculating Buying Power.

Dividing one intended position into smaller Orders does not increase available Buying Power.

Open or pending Orders may reserve Buying Power before execution.

20. BUYING POWER VIOLATIONS

As stated in our Trading Rules, Traders must remain within their assigned Buying Power. Any profit and loss generated from trades that exceed the allowed Buying Power will not be counted toward Account performance.

A P&L adjustment may be applied after the relevant trades have been reviewed.

If the Trader exceeds Buying Power, trader2B® may:

  1. Reject new Orders;
  2. Cancel open Orders;
  3. Close or reduce positions;
  4. Place the Account into close-only mode;
  5. Remove affected trades;
  6. Exclude related profit or loss;
  7. Recalculate the Account;
  8. Mark the Challenge as unsuccessful;
  9. Suspend the Account; or
  10. Terminate the Account for repeated or intentional violations.

The failure of a risk control to immediately reject an Order does not make the Order permitted.

21. TRADING HOURS

Unless otherwise displayed in the Trading Platform, trading is permitted only during the regular U.S. trading session:

9:30 a.m. to 4:00 p.m. New York time.

trader2B® may stop accepting new Orders before 4:00 p.m. to permit risk processing and position liquidation.

All positions must be closed before the applicable cutoff.

Orders submitted outside supported trading hours may be:

  • Rejected;
  • Queued;
  • Scheduled for the next Trading Day;
  • Cancelled;
  • Expired; or
  • Held until the market reopens.

There is no guarantee that an Order submitted outside market hours will be executed or receive the price displayed when submitted.

22. DAY TRADING ONLY

The Free Toro100 Challenge is a day-trading Program.

Overnight positions are prohibited.

The Trader is responsible for:

  1. Monitoring all positions;
  2. Closing positions before the applicable cutoff;
  3. Cancelling remaining Orders; and
  4. Confirming that the Account is flat.

trader2B® may attempt to close positions near the end of the permitted trading session, but does not guarantee:

  • That every position will be closed;
  • The time of the closing transaction;
  • The execution price; or
  • That no additional loss will occur.

Any resulting loss or adjustment may be included in the Account calculation.

22.1 SOLE RESPONSIBILITY FOR MANAGING AND CLOSING POSITIONS

The Trader is solely responsible for monitoring, managing, reducing, and closing all positions and Orders in the Account.

The Trader must:

  1. Continuously monitor all open positions and pending Orders;
  2. Confirm that submitted Orders were accepted, rejected, partially filled, fully filled, cancelled, or remain active;
  3. Manage the size, direction, and risk of every position;
  4. Submit the necessary closing Order for each open position;
  5. Cancel all unnecessary or remaining open Orders; and
  6. Confirm that the Account is completely flat before the applicable market-close cutoff.

trader2B, its Trading Platform, risk systems, support personnel, and trading partners are not responsible for managing or closing positions on the Trader’s behalf.

trader2B Support cannot submit, modify, cancel, or close a trade for the Trader.

22.2 FAILURE TO CLOSE POSITIONS

If the Trader fails to close an open position before the applicable market-close cutoff, trader2B may attempt to close or flatten the position through an automated or manual risk process.

However, trader2B does not guarantee:

  1. That the position will be identified or closed;
  2. That the position will be closed before the market closes;
  3. The time at which the closing Order will be submitted;
  4. The price at which the position will be closed;
  5. That sufficient liquidity will be available; or
  6. That additional losses, fees, slippage, or Account adjustments will not occur.

Any loss, commission, fee, slippage, Buying Power usage, Daily Maximum Loss, Maximum Drawdown, or other Account consequence resulting from an open position remains the Trader’s responsibility.

22.3 REMOVAL OR ADJUSTMENT OF TRADES

Where the Trader repeatedly or intentionally fails to manage or close positions, trader2B may:

  1. Remove the affected trades from the Challenge calculation;
  2. Exclude associated profits or losses from Account performance;
  3. Apply a P&L adjustment;
  4. Reduce the Completed Round Trade count;
  5. Recalculate the Consistency Score;
  6. Place the Account into close-only mode;
  7. Mark the Challenge as unsuccessful;
  8. Suspend or terminate the Account; or
  9. Deny a reset or renewal.

trader2B may take these actions even where trader2B’s risk system ultimately closes or flattens the position.

22.4 RESPONSIBLE POSITION MANAGEMENT AND LIVE FUNDED ACCOUNT ELIGIBILITY

The ability to independently monitor, manage, reduce, and close positions is an essential requirement for Live Funded Account eligibility.

A Trader must not develop a pattern of leaving positions open and relying on trader2B’s automated or manual end-of-day risk process to close or flatten the Account.

A Trader who repeatedly:

  1. Leaves positions open until trader2B closes them;
  2. Fails to submit the necessary closing Orders;
  3. Fails to monitor Orders, executions, or open positions;
  4. Relies on automatic liquidation instead of actively managing the Account; or
  5. Otherwise demonstrates irresponsible position management,

may be considered unsuitable for live funded trading.

Accordingly, trader2B may:

  1. Remove or adjust affected Challenge trades;
  2. Mark the Challenge as unsuccessful;
  3. Require additional evaluation activity;
  4. Delay or deny Live Funded Account approval;
  5. Withdraw a conditional Live Funded Account invitation; or
  6. Take any other action permitted under these Program Terms.

Reaching the profit target or otherwise satisfying the numerical Trading Objectives does not override the requirement to demonstrate responsible position management.

22.5 NO RELIANCE ON AUTOMATIC LIQUIDATION

Any automatic liquidation, end-of-day closing process, risk-system action, alert, notification, or assistance provided by trader2B is a protective risk-control measure only.

It is not a position-management service and must not be treated as the Trader’s normal or expected method of closing positions.

The Trader must not assume that:

  1. trader2B will identify every open position;
  2. trader2B will close every position before market close;
  3. a closing Order will be submitted at a particular time;
  4. a closing Order will receive a particular price;
  5. sufficient liquidity will be available; or
  6. automatic liquidation will prevent additional losses or Account adjustments.

The failure of an automated or manual process to identify, close, or flatten a position does not release the Trader from responsibility for the Account or any resulting consequences.

22.6 LIVE FUNDED ACCOUNT RISK AND TERMINATION

In a Live Funded Account, the Trader is solely responsible for managing and closing all positions within the required trading hours and risk limits.

Leaving positions open or relying on trader2B to close them may expose trader2B and its trading partners to actual financial loss, market risk, execution risk, overnight risk, liquidity risk, and operational risk.

If a Live Funded Trader fails to close positions, repeatedly relies on trader2B’s systems to flatten the Account, or otherwise fails to manage positions responsibly, trader2B may:

  1. Immediately restrict or suspend trading;
  2. Place the Account into close-only mode;
  3. Close or reduce open positions;
  4. Apply losses, commissions, fees, slippage, or other permitted adjustments;
  5. Reduce or revoke Buying Power;
  6. Withhold or remove eligibility for profit sharing as permitted by the Live Funded Trader Agreement;
  7. Terminate the Live Funded Account; and
  8. Permanently deny future funded-account privileges.

Where the conduct creates immediate financial, market, or operational risk, trader2B may take action without prior notice.

Termination may occur even if the Trader is profitable or has otherwise satisfied performance targets.

23. APPROVED SYMBOLS ONLY

The Trader may trade only the U.S. stocks and exchange-traded funds included on trader2B® current Approved Symbols list.

A symbol may be added, removed, halted, or restricted because of:

  • Liquidity;
  • Volatility;
  • Exchange action;
  • Corporate action;
  • Delisting;
  • Trading halt;
  • Market Data availability;
  • Technical limitations;
  • Operational risks;
  • Compliance concerns; or
  • Manipulation risks.

An Order involving an unapproved symbol may be rejected, cancelled, reversed, or removed from Account performance.

24. NO PENNY STOCKS

Penny stocks, over-the-counter securities, low-priced illiquid securities, and other securities presenting an elevated manipulation risk are prohibited.

This restriction is intended to reduce:

  • Price manipulation;
  • Artificial price movements;
  • Unreliable liquidity;
  • Wide bid-and-ask spreads;
  • Abnormal volatility;
  • Misleading executions; and
  • Artificial Challenge results.

trader2B® may prohibit a security regardless of its price where trader2B® reasonably determines that it presents a manipulation, liquidity, pricing, compliance, or operational risk.

trader2B® may reject, cancel, reverse, or remove a transaction involving:

  • A penny stock;
  • An over-the-counter security;
  • An unapproved security;
  • A halted or delisted security;
  • A low-priced or thinly traded security; or
  • Any security presenting an unreasonable manipulation risk.

Related profit or loss may be excluded from Account performance.

25. NO GAMING OF THE PROGRAM

The Trader may not game, manipulate, exploit, or circumvent:

  • The Program;
  • The Trading Platform;
  • The trade-count requirement;
  • Consistency calculations;
  • Buying Power controls;
  • Loss limits;
  • Order-processing systems;
  • Market Data;
  • Account restrictions; or
  • Any technical or operational control.

Prohibited gaming includes:

  1. Placing artificial trades to increase the trade count;
  2. Repeatedly trading one share without a genuine strategy;
  3. Splitting one intended trade into numerous Orders to manipulate statistics;
  4. Intentionally exceeding Buying Power;
  5. Attempting to avoid Daily Maximum Loss or Maximum Drawdown;
  6. Exploiting stale prices, delays, incorrect fills, or system defects;
  7. Creating duplicate Accounts;
  8. Coordinating trades across Accounts;
  9. Creating misleading Consistency Score results;
  10. Using unauthorized automated tools;
  11. Placing trades primarily to satisfy a metric rather than demonstrate genuine trading; or
  12. Using any strategy trader2B® reasonably determines is intended mainly to exploit the Program.

trader2B® may consider the purpose, timing, frequency, size, repetition, and overall pattern of the activity.

25.1 Improper Reliance on End-of-Day Liquidation

A Trader may not intentionally leave positions open, repeatedly rely on trader2B’s end-of-day risk process to close positions, or use automatic liquidation as part of a trading strategy.

Such conduct may be considered Program abuse or gaming where the Trader appears to be avoiding responsibility for managing positions, attempting to obtain a favorable closing result, or repeatedly requiring trader2B to flatten the Account.

Any such activity may result in the remedies described in Sections 22.3, 22.4, and 53.

26. NO HEDGING OR OFFSETTING POSITIONS

Hedging is prohibited in the Free Toro100 Challenge.

The Trader may not simultaneously create or maintain opposite or substantially offsetting exposure involving:

  • The same security;
  • Substantially identical securities;
  • Highly correlated securities used to avoid genuine market risk;
  • Multiple trader2B® Accounts;
  • Another User’s Account; or
  • Any coordinated external Account intended to manipulate Challenge results.

An opposite-side Order may be used for the legitimate purpose of reducing or closing an existing position.

An opposite-side Order may not be used to create artificial, offsetting, or substantially risk-free exposure.

Multiple positions in the same direction may be combined and treated as one position for Buying Power, loss-limit, concentration, and risk purposes.

27. NO ORDER-BOOK LAYERING OR SPOOFING

Order-book layering, spoofing, and other manipulative order activity are strictly prohibited.

The Trader may not:

  1. Place an Order without a genuine intention for it to be executed;
  2. Place Orders at multiple price levels to create false buying or selling pressure;
  3. Display large Orders to influence the market and cancel them before execution;
  4. Rapidly submit and cancel Orders to create misleading activity;
  5. Artificially influence the bid, ask, spread, depth, liquidity, or price;
  6. Use one Order to influence the execution of another Order;
  7. Coordinate Orders across Accounts;
  8. Create false liquidity;
  9. Manipulate simulated or actual Market Data;
  10. Engage in wash-like activity;
  11. Mark or attempt to influence the market close; or
  12. Engage in conduct resembling spoofing, layering, or market manipulation.

trader2B® may restrict Order frequency, cancellation frequency, Order size, or the number of active Orders.

28. NO EXCESSIVE ORDER ACTIVITY

The Trader may not submit an unreasonable or abusive number of Orders, modifications, or cancellations.

Excessive order activity includes activity that:

  • Overloads or degrades the Trading Platform;
  • Creates congestion in an order gateway;
  • Attempts to bypass risk controls;
  • Artificially increases trade counts;
  • Produces misleading Account activity;
  • Interferes with other Users;
  • Is inconsistent with genuine trading; or
  • Creates an operational or security risk.

trader2B® may impose Order-rate limits, cancel Orders, restrict trading, or suspend the Account.

29. AUTOMATED TRADING

Bots, scripts, macros, automated clicking tools, APIs, trading robots, and algorithmic order-entry systems are prohibited in the Free Toro100 Challenge unless trader2B® gives prior written authorization.

The Trader may not use automation to:

  • Submit Orders;
  • Cancel or modify Orders;
  • Copy trades;
  • Mirror another Account;
  • Increase the trade count;
  • Exploit latency or pricing;
  • Avoid risk controls; or
  • Operate multiple Accounts.

Charting indicators, alerts, and analysis software that do not automatically control the Account may be permitted.

Authorization for automation in another trader2B® Program does not apply to the Free Toro100 Challenge.

30. NO COPY, MIRRORED, OR COORDINATED TRADING

The Trader may not copy, mirror, reverse, coordinate, or offset trades between:

  • Multiple trader2B® Accounts;
  • Accounts belonging to another User;
  • Accounts controlled by an Account manager;
  • Accounts connected through a signal-copying service; or
  • Accounts designed to produce opposite or substantially offsetting outcomes.

trader2B® may investigate Accounts with substantially identical timing, symbols, quantities, prices, or trading patterns.

Similar trades alone do not necessarily establish a violation, but trader2B® may request an explanation or supporting information.

31. ORDERS AND EXECUTIONS

Submitting an Order does not guarantee that the Order will be accepted, filled, or cancelled.

An Order may be:

  • Rejected;
  • Delayed;
  • Queued;
  • Partially filled;
  • Filled at a different price;
  • Cancelled;
  • Expired;
  • Corrected; or
  • Reversed.

31.1 Market Orders

A Market Order seeks execution at the next available eligible price. It does not guarantee the displayed price.

31.2 Limit Orders

A Limit Order does not guarantee execution even when displayed Market Data reaches the limit price.

31.3 Stop and OCO Orders

Stop-loss, take-profit, OCO, bracket, and similar Orders do not guarantee execution or a particular price.

31.4 Cancellation Requests

An Order cannot be cancelled after it has been filled.

Submitting a cancellation request does not mean that the Order was cancelled. Cancellation is effective only after the system confirms it.

31.5 Partial Fills

An Order may receive one or more partial fills. The remaining quantity may continue to be active unless cancelled or expired.

31.6 TRADER RESPONSIBILITY FOR ORDERS, FILLS, AND POSITIONS

The Trader is solely responsible for managing and monitoring all Orders, executions, open positions, pending Orders, Buying Power, profit and loss, and Account risk.

The Trader must verify that every Order has been:

  • Received;
  • Accepted or rejected;
  • Fully or partially filled;
  • Cancelled or still active;
  • Executed on the intended side;
  • Executed for the expected quantity; and
  • Reflected correctly in the Account’s positions and Buying Power.

The Trader must not assume that an Order was cancelled, rejected, or not filled merely because it is not immediately visible on the Trading Platform.

A cancellation request is not effective until the Trading Platform confirms that the Order has been cancelled. An Order cannot be cancelled after it has already been filled.

If an execution, position, quantity, price, or Account result appears different from what the Trader expected, the Trader must promptly stop submitting affected Orders, review the Account, and contact trader2B Support.


31.7 MARKET-ORDER AND MARKET-VOLATILITY RISK

The Trader understands that Market Orders seek execution at the next available eligible price and do not guarantee the price displayed when the Order is submitted.

During volatile or fast-moving markets:

  • Prices may change rapidly;
  • Bid-and-ask spreads may widen;
  • Market Data may update before an Order is processed;
  • An Order may fill at a price materially different from the displayed price;
  • An Order may receive multiple partial fills;
  • Available liquidity may be limited;
  • Stop Orders may execute at a worse price than expected;
  • A cancellation request may arrive after the Order has filled; and
  • Losses may exceed the amount expected when the Order was submitted.

The difference between the expected price and the actual execution price is commonly known as slippage.

Volatility, liquidity, order type, position size, Market Data, system latency, and order-processing time may affect executions.

The Trader accepts responsibility for selecting the Order type and quantity and for understanding the risks associated with Market Orders, Limit Orders, Stop Orders, partial fills, and volatile market conditions.


31.8 LIMIT ORDERS, STOP ORDERS, AND PARTIAL FILLS

A Limit Order does not guarantee execution, even when displayed Market Data reaches or passes the specified limit price.

A Stop Order becomes eligible for execution only after its trigger conditions are met and may execute at a price different from the stop price.

An Order may be partially filled in one or more executions. The remaining unfilled quantity may continue to remain active unless it is successfully cancelled or expires.

The Trader remains responsible for monitoring any unfilled quantity, partial position, or remaining Order.


34.9 DUTY TO REVIEW THE ACCOUNT

The Trading Platform, dashboard, notifications, and risk controls are tools intended to assist the Trader. They do not replace the Trader’s responsibility to monitor the Account.

Before submitting additional Orders, the Trader must review:

  1. Current positions;
  2. Open and pending Orders;
  3. Completed executions;
  4. Remaining Buying Power;
  5. Realized and unrealized profit and loss;
  6. Daily Maximum Loss status;
  7. Maximum Drawdown status; and
  8. Whether the Account is in close-only or another restricted status.

The failure of the Trading Platform, risk system, notification system, or dashboard to warn the Trader or immediately prevent an Order does not remove the Trader’s responsibility to comply with the Program rules.

32. TRADE CORRECTIONS AND P&L ADJUSTMENTS

trader2B® may correct, cancel, reverse, reclassify, or remove a transaction affected by:

  • A clearly erroneous price;
  • A duplicate execution;
  • A stale quote;
  • A Market Data error;
  • A software malfunction;
  • A system defect;
  • An incorrect corporate-action adjustment;
  • A prohibited security;
  • A Buying Power violation;
  • Prohibited trading activity; or
  • Another material reconciliation issue.

trader2B® may apply a P&L adjustment after the Trading Day or after completing an investigation.

A later adjustment may cause an Account that previously appeared to satisfy a target to fall below the target or fail another requirement.

Dashboard information is preliminary until reconciled and confirmed.

33. TECHNOLOGY, SOFTWARE, AND MARKET DATA DISCLAIMER

trader2B® does not guarantee that the Website, User Area, Trading Platforms, mobile applications, desktop applications, software, order-management systems, risk systems, Market Data feeds, charts, prices, dashboards, notifications, or other technology will be:

  • Continuously available;
  • Uninterrupted;
  • Timely;
  • Accurate;
  • Complete;
  • Secure;
  • Compatible with every device;
  • Error-free; or
  • Free from delays, defects, outages, disconnections, or malfunctions.

Technology, software, trading applications, and Market Data may:

  • Become unavailable;
  • Operate slowly;
  • Freeze;
  • Disconnect;
  • Display delayed information;
  • Display incorrect information;
  • Fail to submit an Order;
  • Fail to cancel an Order;
  • Delay an execution;
  • Fail to update a position;
  • Display an incorrect balance;
  • Lose connectivity; or
  • Otherwise malfunction.

Technical problems may result from:

  • Scheduled maintenance;
  • Emergency maintenance;
  • Software defects;
  • Internet interruptions;
  • Network failures;
  • Exchange outages;
  • Market Data provider failures;
  • Cloud-service failures;
  • Cybersecurity incidents;
  • High order volume;
  • Device incompatibility;
  • Browser limitations;
  • Power failures; or
  • Circumstances outside trader2B® reasonable control.

To the fullest extent permitted by applicable law, trader2B® is not responsible for missed trading opportunities, lost simulated profits, delayed or rejected Orders, unsuccessful cancellations, partial fills, inaccurate prices, delayed Market Data, inability to access the Account, inability to close a position, loss of information, or other damage arising from a technology, software, Market Data, or Trading Platform failure.

Nothing in this section excludes liability that cannot legally be excluded.

34. TRADER RESPONSIBILITY DURING TECHNICAL ISSUES

The Trader is responsible for:

  1. Maintaining a reliable internet connection;
  2. Using a compatible device;
  3. Using a supported browser or application;
  4. Monitoring positions and Orders;
  5. Confirming whether an Order was accepted, filled, rejected, or cancelled;
  6. Refreshing or restarting the application when appropriate;
  7. Reporting technical problems promptly; and
  8. Stopping affected trading activity after becoming aware of a technical issue.

The Trader must not assume that an Order failed merely because it is not immediately visible.

Continuing to submit Orders after discovering a technical issue may make the Trader responsible for the resulting activity.

35. REPORTING TECHNICAL OR TRADE ISSUES

Technical and trade issues must be reported promptly to trader2B® Support.

The report should include:

  • ToroChallenge® Account number;
  • Date and exact time;
  • Trading Platform used;
  • Device type;
  • Operating system;
  • Symbol;
  • Order side;
  • Quantity;
  • Order type;
  • Requested price;
  • Error message;
  • Screenshots or recordings; and
  • A clear description of the issue.

trader2B® may rely on:

  • Server logs;
  • FIX records;
  • Order records;
  • Execution records;
  • Market Data;
  • Risk-engine records;
  • Login information;
  • Device records; and
  • Third-party provider records.

The Trader should report a disputed trading event within [NUMBER] calendar days after the event.

36. DEVICE AND PLATFORM LIMITATIONS

Not every Trading Platform feature is available on every device.

Accessing WebTrader through a mobile browser may result in limited or hidden functionality because of:

  • Screen size;
  • Browser design;
  • Operating system;
  • Device compatibility; or
  • Mobile-browser limitations.

Traders should use:

  • A supported desktop or laptop browser;
  • An official trader2B® desktop application; or
  • An official trader2B® mobile application.

trader2B® is not responsible for features that are unavailable or not visible because the Trader uses an unsupported device, browser, application, operating system, or screen size.

37. ACCOUNT ACTIVITY, RENEWAL, AND EXPIRATION

The Free Toro100 Challenge may have no fixed deadline for reaching the performance target, but the Account remains subject to activity and renewal requirements.

The Account may operate on a monthly or other account cycle.

An active Account may be renewed automatically where the Trader:

  • Continues to log in;
  • Maintains meaningful activity;
  • Complies with these Program Terms; and
  • Remains eligible for the Program.

Unless a different period is displayed, trader2B® may expire, suspend, or disable an Account if the Trader has not logged in or demonstrated meaningful activity for 10 consecutive days.

“No time limit” does not mean that:

  • The Account can remain inactive indefinitely;
  • The Account is exempt from renewal cycles;
  • trader2B® must renew an inactive Account;
  • The Program will remain available permanently; or
  • The Trader may disregard inactivity or expiration notices.

trader2B® may offer an expired Trader an additional renewal period, but renewal is not guaranteed.

38. ACCOUNT RESET

An Account reset may be offered after:

  • A Maximum Drawdown breach;
  • Challenge failure;
  • Account expiration; or
  • Another unsuccessful result.

A reset may restore specified Account parameters, but does not erase:

  • Compliance history;
  • Fraud indicators;
  • Duplicate-account history;
  • Prior prohibited activity;
  • Security records;
  • Unpaid obligations; or
  • Restrictions applied to the Trader.

trader2B® may charge a reset fee where disclosed.

trader2B® may deny a reset for fraud, duplicate Accounts, repeated violations, Program abuse, or other compliance concerns.

Creating a new Free Account to avoid a reset or reset fee is prohibited.

39. FINAL CHALLENGE REVIEW

The Challenge is not passed until trader2B® completes and confirms a final review.

To pass, the Trader must:

  1. Reach at least $6,000 in eligible net simulated profit;
  2. Complete at least 200 legitimate Completed Round Trades;
  3. Maintain a Consistency Score of at least 50%;
  4. Remain within the Daily Maximum Loss;
  5. Remain within Maximum Drawdown;
  6. Remain within Buying Power;
  7. Trade only Approved Symbols;
  8. Close all positions before the cutoff;
  9. Avoid all prohibited trading practices;
  10. Maintain only one authorized Free Account; and
  11. Comply with all other Program rules.

trader2B® may delay final review until:

  • All positions are closed;
  • All open Orders are cancelled;
  • Trading records are reconciled;
  • P&L adjustments are completed;
  • Duplicate-account checks are completed;
  • Risk and compliance reviews are completed; and
  • Suspicious activity is investigated.

40. PASSING DOES NOT GUARANTEE A LIVE FUNDED ACCOUNT

Successfully satisfying the Trading Objectives makes the Trader eligible for final consideration only.

Passing does not create an automatic right to:

  • A Live Funded Account;
  • A trading contract;
  • Employment;
  • A particular Account size;
  • A profit share;
  • A payout;
  • Compensation; or
  • Continued participation.

trader2B® may approve, delay, limit, or deny a Live Funded Account because of:

  • Duplicate Accounts;
  • Identity-verification issues;
  • KYC concerns;
  • Sanctions or compliance restrictions;
  • False or inconsistent information;
  • Suspicious trading patterns;
  • Prohibited trading activity;
  • Market Data requirements;
  • Broker or execution-partner approval;
  • Account availability;
  • Legal restrictions; or
  • Failure to accept the separate funded agreement.

41. IDENTITY VERIFICATION AND KYC

Before Live Funded Account activation, trader2B® may require:

  • Valid government-issued identification;
  • Identity verification;
  • Age verification;
  • Residency verification;
  • Sanctions screening;
  • Compliance screening;
  • Tax information;
  • Bank or payment verification; and
  • Additional documentation reasonably required by trader2B® or its partners.

The Trader’s name must match:

  1. The Free Toro100 registration;
  2. The government-issued identification;
  3. The Live Funded Trader Agreement; and
  4. The bank or payment account used for payouts.

Verification may be performed by a third-party KYC or compliance provider.

Falsified, altered, borrowed, stolen, expired, or misleading documentation may result in permanent disqualification.

42. MANDATORY PROFESSIONAL MARKET DATA REGISTRATION

After passing the Challenge and receiving conditional approval for a Live Funded Account, every approved Trader must complete the applicable Market Data registration and classification process.

This is a mandatory condition of the trader2B® Live Funded Program.

There are no trader2B® exceptions based on:

  • Country;
  • Trading experience;
  • Account size;
  • Expected trading volume;
  • Expected profitability;
  • Financial circumstances; or
  • The Trader’s preference not to receive Professional Market Data.

Every approved Live Funded Trader must complete the exchange, Market Data provider, broker, and platform registration requirements applicable to the Account.

A Trader may not begin Live Funded Account trading until required Market Data registrations, agreements, declarations, and approvals have been completed.

43. PROFESSIONAL MARKET DATA CLASSIFICATION

A Live Funded Trader may be classified as a Professional Market Data subscriber under the rules and policies of the applicable exchanges and Market Data providers.

The Trader must:

  1. Complete required subscriber agreements;
  2. Provide complete and accurate information;
  3. Truthfully answer professional-classification questions;
  4. Complete required exchange declarations;
  5. Maintain accurate and current information;
  6. Comply with Market Data use restrictions; and
  7. Cooperate with exchange, provider, broker, or distributor audits and reviews.

trader2B® cannot waive, ignore, or bypass a requirement imposed by an exchange, Market Data provider, broker, platform, or execution partner.

44. PROFESSIONAL MARKET DATA FEES

Professional Market Data access may be subject to initial and recurring fees charged by exchanges, Market Data providers, brokers, platforms, or other providers.

Fees may vary depending on:

  • Exchange;
  • Market Data package;
  • Trading Platform;
  • Broker;
  • Provider;
  • Subscriber classification;
  • Number of devices;
  • Data products selected; and
  • Fee changes introduced by the provider.

The exact applicable fee or fee range will be communicated before Live Funded Account activation.

Market Data fees are separate from the Free Toro100 Challenge.

A Market Data fee is not:

  • A fee for passing the Challenge;
  • A purchase of a funded Account;
  • A payment for simulated profit;
  • A refundable deposit; or
  • A guarantee of earning a payout.

45. trader2B® BEST-EFFORTS MARKET DATA ACCOMMODATION

trader2B® understands that upfront Professional Market Data fees may be difficult for some approved Traders.

trader2B® will use commercially reasonable best efforts to work with approved Traders to identify an available arrangement that may reduce or avoid the need to pay the entire Market Data fee upfront.

Where legally, contractually, commercially, and operationally available, trader2B® may seek to arrange for Market Data fees to be:

  1. Advanced initially by trader2B® or a partner;
  2. Deferred until the Trader generates eligible Live Funded Account profit;
  3. Deducted from a future eligible profit share or payout;
  4. Partially subsidized;
  5. Reimbursed after specified conditions are satisfied; or
  6. Handled under another written arrangement.

trader2B® will make reasonable efforts to assist, but does not guarantee that an advance, deferral, subsidy, reimbursement, or profit-deduction arrangement will be available.

46. NO GUARANTEE OF MARKET DATA FEE DEFERRAL

Any Market Data fee accommodation is subject to:

  • Exchange rules;
  • Market Data provider requirements;
  • Broker approval;
  • Execution-partner approval;
  • The Trader’s jurisdiction;
  • Available Market Data packages;
  • Operational feasibility;
  • Commercial feasibility;
  • Account availability; and
  • Written approval by trader2B®.

Unless an alternative arrangement is confirmed in writing, the Trader remains responsible for satisfying the applicable Market Data fee requirements before Live Funded Account activation.

Simulated Challenge profit cannot be used to pay or offset Market Data fees.

47. DEDUCTION OF MARKET DATA FEES FROM LIVE PROFITS

Where trader2B® approves a deferred-payment arrangement, unpaid Market Data fees may be deducted from the Trader’s eligible share of Live Funded Account profits.

The deduction may be made before a payout is processed.

If the Trader does not generate sufficient eligible profits, trader2B® may:

  1. Carry the unpaid fee forward;
  2. Deduct it from a later eligible payout;
  3. Suspend Market Data access;
  4. Suspend Live Funded Account access;
  5. Require payment before trading continues; or
  6. Apply another arrangement permitted by the Live Funded Trader Agreement.

The exact arrangement will be communicated in writing.

48. NO LIVE TRADING WITHOUT MARKET DATA APPROVAL

trader2B® may delay, deny, suspend, or terminate Live Funded Account access if the Trader:

  • Refuses to complete Market Data registration;
  • Does not sign required agreements;
  • Provides incomplete or inaccurate information;
  • Misrepresents subscriber status;
  • Does not obtain required approval;
  • Does not pay or arrange payment of required fees;
  • Fails to maintain an active required subscription; or
  • Violates Market Data usage restrictions.

Passing the Challenge does not override these requirements.

49. LIVE FUNDED ACCOUNT

A Live Funded Account is governed by a separate Live Funded Trader Agreement.

The separate agreement may establish:

  • Live Buying Power;
  • Position limits;
  • Loss limits;
  • Tradable symbols;
  • Trading hours;
  • Risk controls;
  • Profit share;
  • Withdrawal schedule;
  • Market Data fees;
  • Platform fees;
  • Scaling rules;
  • Trading restrictions;
  • Suspension rights; and
  • Termination rights.

Where the separate agreement conflicts with these Program Terms concerning Live Funded Account activity, the separate Live Funded Trader Agreement controls.

50. LIVE ACCOUNT PROFIT SHARE

The Free Toro100 Challenge does not provide payouts.

After the Trader:

  1. Passes all Challenge requirements;
  2. Passes final review;
  3. Completes duplicate-account review;
  4. Completes KYC and compliance;
  5. Completes Professional Market Data registration;
  6. Satisfies Market Data fee requirements;
  7. Receives Live Funded Account approval;
  8. Accepts the funded agreement; and
  9. Generates eligible net profit in the Live Funded Account,

the Trader may qualify to receive the profit share stated in the funded agreement.

Under the Free Toro100 path, the profit share may be up to 50% of eligible net Live Funded Account profit, subject to the funded agreement.

Payouts may be processed on a biweekly or other stated schedule.

There is no guaranteed:

  • Profit;
  • Payout;
  • Salary;
  • Minimum compensation;
  • Return;
  • Trading duration; or
  • Continued Live Funded Account access.

51.PERSONAL INFORMATION, DELETION REQUESTS, AND RECORD RETENTION

51.1 Information Collected During the Challenge

For registration and operation of the Free Toro100 Challenge, trader2B may collect limited personal information, including:

  • Name;
  • Email address;
  • Account number;
  • Registration date;
  • Login and Account activity;
  • IP address;
  • Device and browser information;
  • Trading activity;
  • Support communications;
  • Billing or transaction records, where applicable; and
  • Fraud-prevention and security information.

trader2B does not normally require a Social Security Number, Social Insurance Number, government-issued identification, banking information, or KYC documentation solely to participate in the simulated Free Toro100 Challenge.

Additional personal information may be requested later if the Trader becomes eligible for a Live Funded Account, KYC review, payment, exchange registration, or Professional Market Data registration.

51.2 Requests to Delete Personal Information

A Trader may submit a request to access, correct, or delete personal information by contacting trader2B at [email protected].

trader2B will evaluate and respond to the request in accordance with applicable privacy laws.

Closing an Account or requesting deletion does not necessarily require trader2B to delete every record immediately.

To the extent permitted or required by applicable law, trader2B may retain limited information where reasonably necessary to:

  1. Maintain an accurate record of registrations and Account history;
  2. Detect and prevent duplicate Free Accounts;
  3. Prevent fraud, abuse, and attempts to avoid resets or Program restrictions;
  4. Maintain billing, payment, and transaction records;
  5. Investigate security incidents and disputed activity;
  6. Enforce these Program Terms;
  7. Establish, exercise, or defend legal claims;
  8. Comply with tax, accounting, regulatory, exchange, or legal obligations;
  9. Respond to law-enforcement or governmental requests; and
  10. Prevent a suspended or prohibited User from creating additional Accounts.

51.3 Limited Retention

Information retained after Account closure or a deletion request will be limited to information reasonably necessary for the purposes described above.

trader2B will not retain personal information indefinitely where there is no continuing legal, security, fraud-prevention, operational, or legitimate business reason to retain it.

Where appropriate, trader2B may delete, anonymize, restrict, or archive information instead of maintaining it in an active User Account.

51.4 Account Deletion and Access

When an Account is closed:

  • The Trader’s access may be disabled;
  • Trading credentials may stop working;
  • Open simulated Orders may be cancelled;
  • Simulated positions may be closed or removed;
  • Challenge eligibility may be forfeited; and
  • trader2B may retain the limited records described in this section.

Deleting or closing an Account does not erase past violations, duplicate-Account findings, fraud indicators, billing records, or restrictions on future participation.

51.5 Marketing Unsubscribe

A Trader may unsubscribe from promotional and marketing emails at any time by using the unsubscribe link included in the email or by contacting trader2B Support.

Unsubscribing from marketing communications does not prevent trader2B from sending necessary non-promotional communications, including:

  • Account-security messages;
  • Password or login notices;
  • Program-rule updates;
  • Account-expiration notices;
  • Legal notices;
  • Support responses;
  • Transaction or billing records;
  • KYC or compliance requests; and
  • Messages necessary to operate or close the Account.

52. ACCOUNT SUSPENSION AND TERMINATION

trader2B® may suspend, restrict, disable, or terminate an Account if trader2B® reasonably determines that the Trader:

  • Breached these Program Terms;
  • Provided false information;
  • Created duplicate Accounts;
  • Shared the Account;
  • Avoided a reset;
  • Exceeded Buying Power intentionally;
  • Manipulated the trade count;
  • Used unauthorized automation;
  • Engaged in hedging;
  • Engaged in layering or spoofing;
  • Traded prohibited securities;
  • Exploited a system error;
  • Submitted excessive Orders;
  • Manipulated Market Data;
  • Engaged in fraud;
  • Created a security risk;
  • Violated Market Data requirements; or
  • Otherwise attempted to game the Program.

Where immediate action is reasonably necessary, trader2B® may act without prior notice.

53. CONSEQUENCES OF RULE VIOLATIONS

If a violation occurs, trader2B® may:

  1. Reject or cancel an Order;
  2. Remove a trade;
  3. Reverse an execution;
  4. Exclude related profit or loss;
  5. Apply a P&L adjustment;
  6. Reduce the completed-trade count;
  7. Recalculate the Consistency Score;
  8. Place the Account into close-only mode;
  9. Mark the Challenge as unsuccessful;
  10. Expire the Account;
  11. Suspend or terminate the Account;
  12. Disable related Accounts;
  13. Deny a reset or renewal;
  14. Deny Live Funded Account admission;
  15. Withdraw a conditional funding invitation; or
  16. Prevent future Program participation.

trader2B® may consider the seriousness, frequency, purpose, impact, and apparent intent of the violation.

54. NO FINANCIAL OR INVESTMENT ADVICE

trader2B® provides trading technology, simulated evaluation, educational content, and Trader-assessment services.

trader2B® does not provide individualized:

  • Investment advice;
  • Financial advice;
  • Legal advice;
  • Accounting advice;
  • Tax advice; or
  • Recommendations to buy, sell, short, or hold a security.

The Trader is responsible for all trading decisions and should obtain independent professional advice where appropriate.

55. NO BROKERAGE OR EMPLOYMENT RELATIONSHIP

Participation in the Free Toro100 Challenge does not create:

  • A brokerage relationship;
  • An investment-advisory relationship;
  • A fiduciary relationship;
  • A banking relationship;
  • A deposit relationship;
  • Employment;
  • A partnership;
  • A joint venture;
  • An agency relationship; or
  • An entitlement to funding.

Where Live Funded Account access is approved, the applicable relationship will be governed by the separate funded agreement and any agreements with brokers, Market Data providers, or execution partners.

56. DISCLAIMER OF WARRANTIES

To the fullest extent permitted by applicable law, the Free Toro100 Challenge, Website, Trading Platform, Market Data, software, charts, Account information, and related services are provided on an “as is” and “as available” basis.

trader2B® does not guarantee that:

  • The Services will always be available;
  • Technology will be uninterrupted;
  • Market Data will always be accurate;
  • Every Order will be processed;
  • Every cancellation will succeed;
  • The Trader will pass the Challenge;
  • A successful Trader will receive a Live Funded Account;
  • A Market Data fee deferral will be available;
  • The Trader will earn a live profit; or
  • The Trader will receive a payout.

Simulated and past results do not guarantee future live results.

57. LIMITATION OF LIABILITY

To the fullest extent permitted by applicable law, trader2B® and its affiliates, directors, officers, employees, contractors, licensors, partners, and service providers will not be responsible for:

  • Missed trading opportunities;
  • Lost simulated profits;
  • Indirect damages;
  • Consequential damages;
  • Technology outages;
  • Market Data delays or inaccuracies;
  • Trading Platform malfunctions;
  • Internet or device failures;
  • Delayed or rejected Orders;
  • Unsuccessful cancellation requests;
  • Partial fills;
  • Incorrect displayed balances;
  • Loss of information;
  • Account expiration caused by inactivity;
  • Failure to pass the Challenge;
  • Denial of a Live Funded Account;
  • Market Data provider decisions; or
  • Exchange, broker, platform, or third-party failures outside trader2B® reasonable control.

Because the Free Toro100 Challenge is provided without a Challenge fee, trader2B® aggregate liability relating specifically to the Free Toro100 Challenge will not exceed $100, except where such a limitation is prohibited by applicable law.

Nothing in these Program Terms excludes liability that cannot legally be excluded.

58. CHANGES TO THE PROGRAM

trader2B® may modify, replace, restrict, suspend, or discontinue Program features where reasonably necessary because of:

  • Legal requirements;
  • Regulatory requirements;
  • Exchange rules;
  • Market Data requirements;
  • Security concerns;
  • Fraud prevention;
  • Technical changes;
  • Service-provider changes;
  • Risk-management needs; or
  • Operational requirements.

Material changes affecting existing Accounts will be communicated through the Website, User Area, Trading Platform, or registered email address as required by applicable law.

trader2B® will not apply a rule change retroactively solely to invalidate legitimate activity completed before the effective date, except where reasonably necessary to address:

  • Fraud;
  • Duplicate Accounts;
  • System abuse;
  • Technical errors;
  • Prohibited trading;
  • Market manipulation; or
  • Unlawful conduct.

59. ELECTRONIC COMMUNICATIONS

The Trader consents to receive Program communications electronically through:

  • Registered email;
  • User Area;
  • Trading Platform;
  • Website notice;
  • Application notification; or
  • Push notification.

Electronic communications may include:

  • Account credentials;
  • Rule updates;
  • Expiration notices;
  • Security alerts;
  • Technical notices;
  • KYC requests;
  • Market Data registration;
  • Challenge results; and
  • Live Funded Account invitations.

The Trader is responsible for maintaining access to the registered email address and reviewing notices.

60. GENERAL PROVISIONS

60.1 Entire Agreement

These Program Terms and the incorporated documents constitute the agreement governing the Free Toro100 Challenge.

60.2 General Website Terms

Matters not specifically addressed in these Program Terms are governed by trader2B® general Website Terms and Conditions.

60.3 Severability

If any provision is invalid or unenforceable, it will be limited to the minimum extent necessary and the remaining provisions will continue in effect.

60.4 No Waiver

Failure by trader2B® to immediately enforce a provision does not waive the right to enforce it later.

60.5 Assignment

The Trader may not assign or transfer the Account or these Program Terms without trader2B® prior written consent.

60.6 Force Majeure

trader2B® is not responsible for a failure or delay caused by circumstances outside its reasonable control, including exchange closures, internet failures, cyberattacks, natural disasters, government action, war, civil unrest, labor disruption, pandemics, power failures, and third-party infrastructure failures.

60.7 Mandatory Rights

Nothing in these Program Terms removes a consumer or other legal right that cannot be waived under applicable law.

60.8 Governing Law

These Program Terms are governed by the laws of the State of Florida, United States.

60.9 Jurisdiction

Subject to mandatory consumer law, disputes will be submitted to the courts located in the State of Florida, United States.

61. CONTACT INFORMATION

Questions, complaints, technical reports, and Account-review requests may be submitted to:

trader2B®
Legal entity: trader2B Software Solutions LLC
Registered address:

20801 Biscayne Blvd, Suite 404, Miami. Florida, 33180, U.S.A.

Support email: [email protected]
Website: trader2B.com

Technical or trade-review requests should include the Trader’s ToroChallenge® Account number and complete details of the reported event.

62. TRADER ACKNOWLEDGMENT

By registering for, accessing, or using the Free Toro100 Challenge, the Trader acknowledges and agrees that:

  1. The Challenge is a simulated evaluation;
  2. The $100,000 Buying Power is virtual;
  3. The Account does not contain Trader funds;
  4. There are no payouts from the Challenge Account;
  5. Simulated profit cannot be withdrawn;
  6. The $6,000 profit target alone is not sufficient to pass;
  7. At least 200 legitimate Completed Round Trades are required;
  8. A Consistency Score of at least 50% is required;
  9. The $500 Daily Maximum Loss applies;
  10. The $3,000 Maximum Drawdown applies;
  11. The Trader must remain within assigned Buying Power;
  12. Only Approved Symbols may be traded;
  13. Penny stocks and prohibited securities may not be traded;
  14. Overnight positions are prohibited;
  15. Hedging and offsetting positions are prohibited;
  16. Gaming the Program is prohibited;
  17. Order-book layering and spoofing are prohibited;
  18. Unauthorized automation is prohibited;
  19. Account sharing is prohibited;
  20. Only one Free Toro100 Account is permitted per Trader;
  21. Creating another Free Account to avoid a reset is prohibited;
  22. Duplicate Accounts may disqualify a Trader after passing;
  23. trader2B® may deny a Live Funded Account based on duplicate Accounts or other violations;
  24. Technology, Market Data, software, and trading applications may fail or become unavailable;
  25. trader2B® does not guarantee successful Order entry, execution, or cancellation;
  26. Passing does not guarantee a Live Funded Account;
  27. KYC and final compliance approval are required;
  28. Every approved Live Funded Trader must complete applicable Professional Market Data registration;
  29. Professional Market Data may involve upfront and recurring fees;
  30. trader2B® will use commercially reasonable best efforts to help approved Traders avoid upfront Market Data fees where possible;
  31. trader2B® does not guarantee that a Market Data fee deferral or subsidy will be available;
  32. Approved deferred Market Data fees may be deducted from eligible live profit;
  33. Only eligible net profit generated in an approved Live Funded Account may qualify for payout; and
  34. trader2B® may adjust, suspend, expire, disqualify, or terminate an Account in accordance with these Program Terms.

REQUIRED ACCEPTANCE

I confirm that I have read, understood, and accepted the Free Toro100 Challenge Program Terms and Conditions, the Trading Rules, trader2B® general Website Terms and Conditions, and trader2B® Privacy Policy.