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Effective Date: [MONTH DAY, 2026] Last Updated: [MONTH DAY, 2026]
The Free Toro100 Challenge® is a simulated trading evaluation program provided by trader2B®.
The Free Toro100 Challenge Account:
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.
These Free Toro100 Challenge Program Terms and Conditions constitute a legally binding agreement between:
[FULL LEGAL NAME OF trader2B® OPERATING ENTITY], doing business as trader2B®, with its registered address at [LEGAL ADDRESS], 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:
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.
For purposes of these Program Terms:
“Account” means a Free Toro100 Challenge Account, User Area, simulated trading account, or any other account issued to the Trader through the Program.
“Approved Symbols” means the U.S. stocks and exchange-traded funds included on trader2B® current tradable-symbol list.
“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.
“Challenge” means the Free Toro100 simulated evaluation program.
“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.
“Consistency Score” means trader2B® measurement of whether the Trader’s results demonstrate reasonably sustainable and repeatable trading performance.
“Daily Maximum Loss” means the maximum permitted Account loss during one Trading Day.
“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.
“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.
“Maximum Drawdown” means the maximum permitted reduction in the Account’s balance or equity under the applicable Account calculation.
“Order” means an instruction submitted through the Trading Platform to buy, sell, short, cover, cancel, replace, or otherwise transact in an Approved Symbol.
“Professional Market Data” means exchange Market Data provided under a professional subscriber classification or other classification applicable to a Live Funded Trader.
“Program” means the Free Toro100 Challenge and its related registration, Account, Trading Platform, analytics, support, Market Data, and evaluation services.
“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.
“Trading Day” means a day on which the applicable U.S. securities markets are open for regular trading.
“Trading Platform” means any web, desktop, mobile, or third-party interface made available for the Program.
“User Area” means the trader2B® dashboard, customer portal, or Account-management interface.
You accept these Program Terms when you:
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.
To participate in the Program, you must:
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.
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:
The one-Account rule applies throughout the Trader’s participation in the Program, including after an Account:
A Trader may not create another Free Toro100 Account to avoid:
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.
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:
trader2B® is not required to disclose:
A shared device, network, or location does not automatically establish a violation, but trader2B® may request an explanation or supporting information.
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:
These actions may be taken even if the duplicate Accounts are discovered:
The Account is personal to the registered Trader.
You may not:
You are responsible for activity conducted through your credentials.
You must promptly notify trader2B® if you suspect unauthorized Account access.
The Free Toro100 Challenge is conducted in a simulated trading environment.
The Account’s $100,000 Buying Power:
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.
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:
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.
The purpose of the Challenge is to evaluate whether a Trader can demonstrate:
The Program is not intended to reward gambling, artificial trade-count generation, system exploitation, or attempts to manipulate evaluation statistics.
Unless different Account-specific parameters are clearly displayed before the Trader begins trading, the Free Toro100 Challenge requires:
$100,000 in simulated Buying Power.
At least $6,000 in eligible net simulated profit, equal to 6% of Initial Buying Power.
A maximum Daily Loss of $500.
A maximum total drawdown of $3,000.
The Account may not fall below $97,000, subject to the applicable drawdown-calculation method.
At least 200 legitimate Completed Round Trades.
A minimum Consistency Score of 50%.
Only Approved Symbols may be traded.
All positions must be closed before the applicable market-close cutoff. Overnight positions are prohibited.
The Trader must comply with all Program Terms and Account rules.
Reaching the profit target alone is not sufficient to pass.
The Trader must generate at least $6,000 in eligible net simulated profit.
The profit calculation may include:
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.
The Trader may not reach or exceed the $500 Daily Maximum Loss.
The Daily Maximum Loss may include:
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:
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.
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:
A Maximum Drawdown breach may result in:
The Trader must complete at least 200 legitimate Completed Round Trades.
A Completed Round Trade generally consists of:
The following may be excluded from the trade count:
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.
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:
trader2B® may consider:
The Consistency Score may change as more trades are completed.
A large early profit does not automatically satisfy the Consistency Score requirement.
The Trader must remain within the assigned $100,000 Buying Power at all times.
Buying Power usage may be calculated using:
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.
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:
The failure of a risk control to immediately reject an Order does not make the Order permitted.
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:
There is no guarantee that an Order submitted outside market hours will be executed or receive the price displayed when submitted.
The Free Toro100 Challenge is a day-trading Program.
Overnight positions are prohibited.
The Trader is responsible for:
trader2B® may attempt to close positions near the end of the permitted trading session, but does not guarantee:
Any resulting loss or adjustment may be included in the Account calculation.
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:
An Order involving an unapproved symbol may be rejected, cancelled, reversed, or removed from Account performance.
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:
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:
Related profit or loss may be excluded from Account performance.
The Trader may not game, manipulate, exploit, or circumvent:
Prohibited gaming includes:
trader2B® may consider the purpose, timing, frequency, size, repetition, and overall pattern of the activity.
Hedging is prohibited in the Free Toro100 Challenge.
The Trader may not simultaneously create or maintain opposite or substantially offsetting exposure involving:
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.
Order-book layering, spoofing, and other manipulative order activity are strictly prohibited.
The Trader may not:
trader2B® may restrict Order frequency, cancellation frequency, Order size, or the number of active Orders.
The Trader may not submit an unreasonable or abusive number of Orders, modifications, or cancellations.
Excessive order activity includes activity that:
trader2B® may impose Order-rate limits, cancel Orders, restrict trading, or suspend the Account.
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:
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.
The Trader may not copy, mirror, reverse, coordinate, or offset trades between:
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.
Submitting an Order does not guarantee that the Order will be accepted, filled, or cancelled.
An Order may be:
A Market Order seeks execution at the next available eligible price. It does not guarantee the displayed price.
A Limit Order does not guarantee execution even when displayed Market Data reaches the limit price.
Stop-loss, take-profit, OCO, bracket, and similar Orders do not guarantee execution or a particular price.
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.
An Order may receive one or more partial fills. The remaining quantity may continue to be active unless cancelled or expired.
trader2B® may correct, cancel, reverse, reclassify, or remove a transaction affected by:
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.
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:
Technology, software, trading applications, and Market Data may:
Technical problems may result from:
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.
The Trader is responsible for:
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.
Technical and trade issues must be reported promptly to trader2B® Support.
The report should include:
trader2B® may rely on:
The Trader should report a disputed trading event within [NUMBER] calendar days after the event.
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:
Traders should use:
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.
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:
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:
trader2B® may offer an expired Trader an additional renewal period, but renewal is not guaranteed.
An Account reset may be offered after:
A reset may restore specified Account parameters, but does not erase:
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.
The Challenge is not passed until trader2B® completes and confirms a final review.
To pass, the Trader must:
trader2B® may delay final review until:
Successfully satisfying the Trading Objectives makes the Trader eligible for final consideration only.
Passing does not create an automatic right to:
trader2B® may approve, delay, limit, or deny a Live Funded Account because of:
Before Live Funded Account activation, trader2B® may require:
The Trader’s name must match:
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.
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:
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.
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:
trader2B® cannot waive, ignore, or bypass a requirement imposed by an exchange, Market Data provider, broker, platform, or execution partner.
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:
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:
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:
trader2B® will make reasonable efforts to assist, but does not guarantee that an advance, deferral, subsidy, reimbursement, or profit-deduction arrangement will be available.
Any Market Data fee accommodation is subject to:
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.
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:
The exact arrangement will be communicated in writing.
trader2B® may delay, deny, suspend, or terminate Live Funded Account access if the Trader:
Passing the Challenge does not override these requirements.
A Live Funded Account is governed by a separate Live Funded Trader Agreement.
The separate agreement may establish:
Where the separate agreement conflicts with these Program Terms concerning Live Funded Account activity, the separate Live Funded Trader Agreement controls.
The Free Toro100 Challenge does not provide payouts.
After the Trader:
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:
trader2B® may collect and process information necessary to operate and protect the Program, including:
Information may be used to:
Personal information will be handled in accordance with trader2B® Privacy Policy and applicable law.
trader2B® may suspend, restrict, disable, or terminate an Account if trader2B® reasonably determines that the Trader:
Where immediate action is reasonably necessary, trader2B® may act without prior notice.
If a violation occurs, trader2B® may:
trader2B® may consider the seriousness, frequency, purpose, impact, and apparent intent of the violation.
trader2B® provides trading technology, simulated evaluation, educational content, and Trader-assessment services.
trader2B® does not provide individualized:
The Trader is responsible for all trading decisions and should obtain independent professional advice where appropriate.
Participation in the Free Toro100 Challenge does not create:
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.
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:
Simulated and past results do not guarantee future live results.
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:
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.
trader2B® may modify, replace, restrict, suspend, or discontinue Program features where reasonably necessary because of:
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:
The Trader consents to receive Program communications electronically through:
Electronic communications may include:
The Trader is responsible for maintaining access to the registered email address and reviewing notices.
These Program Terms and the incorporated documents constitute the agreement governing the Free Toro100 Challenge.
Matters not specifically addressed in these Program Terms are governed by trader2B® general Website Terms and Conditions.
If any provision is invalid or unenforceable, it will be limited to the minimum extent necessary and the remaining provisions will continue in effect.
Failure by trader2B® to immediately enforce a provision does not waive the right to enforce it later.
The Trader may not assign or transfer the Account or these Program Terms without trader2B® prior written consent.
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.
Nothing in these Program Terms removes a consumer or other legal right that cannot be waived under applicable law.
These Program Terms are governed by the laws of [PROVINCE/STATE AND COUNTRY], subject to any mandatory rights applicable in the Trader’s jurisdiction.
Subject to mandatory consumer law, disputes will be submitted to the courts located in [CITY, PROVINCE/STATE, COUNTRY].
Questions, complaints, technical reports, and Account-review requests may be submitted to:
trader2B®
Legal entity: [FULL LEGAL ENTITY NAME]
Registered address: [FULL LEGAL ADDRESS]
Support email: [email protected]
Legal email: [LEGAL EMAIL]
Website: trader2B.com
Technical or trade-review requests should include the Trader’s ToroChallenge® Account number and complete details of the reported event.
By registering for, accessing, or using the Free Toro100 Challenge, the Trader acknowledges and agrees that:
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.
