Tradesera Simulated Competition Participant Agreement

Last updated: May 1, 2026

This Simulated Competition Participant Agreement ("Agreement") is entered into by and between you ("Participant", "you", or "your") and GC RESOURCES, LLC, operating the Tradesera brand ("Tradesera", "we", "our", or "us"). This Agreement governs your access to and participation in Tradesera simulated futures competitions, simulated competition accounts, payout lock features, internal wallet credits, and related platform services.

By creating an account, purchasing an entry, accessing a simulated competition account, requesting a payout lock, using wallet credits, or otherwise participating in a Tradesera competition, you agree to this Agreement, our Terms of Service, Risk Disclosure, Refund Policy, Payments Policy, Wallet Policy, Privacy Policy, and the rules published for the applicable competition.

1. Relationship to Other Terms

This Agreement supplements the Terms of Service and the competition-specific rules published by Tradesera. If a competition rule conflicts with this Agreement, the competition rule controls for that competition only. If this Agreement conflicts with the Terms of Service, this Agreement controls for simulated competition participation only.

2. Key Definitions

• Competition means a Tradesera simulated futures competition operated under published rules.
• Simulated Competition Account means a simulated account provided for competition use. It is not a brokerage account, bank account, margin account, custody account, or investment account.
• Entry Fee means the amount paid for access to a competition account and related platform services.
• Rithmic/Data Fee means a separate market-data or platform access fee, when applicable.
• Competition Payout Pool means the pool described in the published rules for the applicable competition.
• Available Payout Pool means the portion of the Competition Payout Pool available for eligible payouts after applicable reviews, reserves, holds, settlement requirements, and rules are applied.
• Protection Threshold means the published pool-risk threshold that may cause Tradesera to restrict entries, trading, size increases, payout lock requests, or other competition activity.
• Closing Mode means a competition status used to protect the pool, lock results, review accounts, and begin settlement procedures.
• Payout Lock means an approved lock of eligible realized net simulated profit from an account while a competition is still active.
• Wallet Credit means an internal Tradesera platform credit shown in your wallet ledger after approval and release under the Wallet Policy.
• EOD Realized PnL means end-of-day closed-trade realized net profit or loss calculated under the current competition rules.
• Static Drawdown means a non-trailing simulated account loss limit that does not move upward with account profits unless expressly stated in the current competition rules.

3. Simulated Environment; No Brokerage or Live Funding

Tradesera competitions are simulated. Tradesera does not provide brokerage services, futures commission merchant services, custody services, money management, investment advisory services, financial advice, tax advice, legal advice, or trade recommendations. Participation does not create a brokerage account, live funded account, managed account, pooled investment vehicle, securities account, futures account, margin account, bank account, or custody account.

Customer entry fees are not deposited into trading accounts, used as margin, invested on your behalf, or used to place live market trades for you. Simulated account balances, simulated profits, and simulated losses do not represent actual market positions or ownership of funds in a trading account.

4. Participant Status

You participate as a customer and competition participant only. You are not an employee, contractor, agent, representative, broker, dealer, account manager, investment adviser, portfolio manager, partner, joint venturer, fiduciary, or legal representative of Tradesera. You may not bind Tradesera, represent that you act on behalf of Tradesera, or market yourself as managing Tradesera capital.

5. Eligibility, Identity, and Account Profile

• You must be at least 18 years old and legally able to enter this Agreement.
• You must provide accurate, current, and complete account, identity, billing, tax, and payout information.
• Participation is personal to you unless Tradesera approves a company profile after required business information and review.
• If you choose to participate through a company, you must submit required company details, ownership information, tax information, and any KYB or supporting documentation requested by Tradesera.
• Tradesera may require identity, sanctions, fraud, payment, bank ownership, device, IP, tax, or compliance checks before allowing entry, platform access, wallet release, or withdrawal.
• Accounts, credentials, wallet credits, payout rights, and competition access may not be sold, rented, assigned, transferred, shared, or used by another person without Tradesera's written approval.

During beta, participation is limited to U.S. residents. Tradesera may deny, restrict, suspend, close, or place holds on accounts when a participant, beneficial owner, tax profile, payment method, payout destination, IP/device signal, or related activity is connected to an unsupported jurisdiction, sanctioned person or region, OFAC restriction, FATF high-risk or increased-monitoring concern, provider restriction, or unresolved AML/KYC review.

6. Fees, Billing, and Refunds

Entry fees are fixed access fees for participation in the simulated competition environment and related platform services. Entry fees are not investment deposits, brokerage deposits, margin deposits, managed-account contributions, or performance-based investment fees.

Refunds are governed by the Refund Policy and the applicable competition rules. Unless Tradesera states otherwise in writing, entries become non-refundable after the competition starts, after account access is granted, after credentials are issued, after trading activity occurs, or after a rule violation or prohibited activity review begins.

7. Competition Rules

Each competition has published rules that may include account limits, allowed instruments, size limits, EOD size unlocks, static drawdown limits, payout lock requirements, inactivity requirements, prohibited activity rules, wallet treatment, and closing-mode procedures. You are responsible for reviewing the current rules before entering a competition.

Rules may change from one competition to another. Rule changes do not apply retroactively to an active competition unless Tradesera determines in good faith that a change is required for compliance, fraud prevention, platform integrity, risk control, payment protection, or operational protection.

8. Account Access and Third-Party Platforms

Tradesera may use third-party providers for trading simulation, market data, identity review, payments, bank account verification, payouts, communication, analytics, hosting, and support. These providers may include trading platforms, data providers, payment processors, bank verification providers, and payout providers. Your use of third-party services may be subject to separate terms and technical limitations.

Tradesera is not responsible for isolated technical issues outside its reasonable control, including internet outages, device issues, credential misuse, delayed or inaccurate third-party data, third-party platform downtime, trade copier errors, bank delays, payment provider delays, or market-data disruptions.

9. Payout Lock

A Payout Lock allows a qualified participant to request that the account's eligible realized net simulated profit be locked while the competition is still active. Unless Tradesera later offers partial locks in writing, a Payout Lock applies to the current eligible realized net profit for the whole account, not a portion chosen by the participant.

A Payout Lock request is not automatically approved. Approval is subject to the current competition rules, account status, flat-position status, payment settlement, identity review, fraud review, prohibited activity review, pool availability, technical review, and final Tradesera approval. Once a Payout Lock is approved, the account may be locked from further trading and moved into settlement review.

10. Wallet Credits and Withdrawals

Approved payout amounts may be posted as Wallet Credits in an internal Tradesera ledger after review and release. Wallet Credits may be used for eligible competition entries or requested for withdrawal through supported payout methods, subject to the Wallet Policy, payment-provider availability, compliance review, fraud review, tax requirements, bank ownership checks, and operational limits.

The Tradesera wallet is an internal platform-credit ledger only. It is not a bank account, brokerage account, custody account, stored-value account, demand deposit account, money market account, securities account, futures account, or interest-bearing account. Wallet Credits are not FDIC insured and do not represent customer funds held for investment or live trading.

11. Competition Payout Pool and Closing Mode

Tradesera competitions may use a transparent pool-based model. Current pool allocation, pool split, Protection Threshold, Closing Mode, payout review, and settlement mechanics are described in the applicable competition rules and payout-pool materials.

Eligible payouts are limited by the current competition rules, Available Payout Pool, settlement of participant payments, payment risk, compliance review, fraud review, account review, prohibited activity review, wallet review, and final Tradesera approval. Payout eligibility is based on competition rules and pool mechanics, not live-market profits generated from customer funds.

12. Prohibited Activity

You agree not to engage in conduct that undermines fair competition, platform integrity, payment integrity, or payout integrity, including:

• Hedging, opposite-position abuse, or coordinated trading between different participants.
• Group copying, signal-room mirroring, account pooling, or coordinated strategy execution across separate participants.
• Duplicate identities, unauthorized accounts, account sharing, credential sharing, or use of another person's payment method, bank account, identity, or device profile.
• Latency abuse, data-feed abuse, trade copier abuse, technical-error exploitation, platform manipulation, or simulated-environment exploitation.
• Payment abuse, refund abuse, chargeback abuse, wallet abuse, payout abuse, or false dispute claims.
• Using software, automation, high-frequency methods, artificial intelligence, scripts, or other tools in a way Tradesera determines is designed to bypass rules, exploit technical conditions, or create an unfair advantage.
• Harassment, threats, abusive communication, unlawful activity, or any conduct Tradesera determines is inconsistent with fair competition.

13. Monitoring, Review, and Enforcement

Tradesera may monitor accounts, orders, fills, positions, realized and unrealized PnL, account status, device information, IP information, payment activity, wallet activity, payout activity, credential activity, and other platform data for compliance, security, fraud prevention, quality control, and competition integrity.

If Tradesera determines that a violation or risk has occurred, Tradesera may take action including warnings, account restriction, result adjustment, position flattening, size reduction, Payout Lock denial, wallet hold, withdrawal hold, account closure, disqualification, payout denial, refund denial, platform suspension, or removal from current or future competitions.

14. Leaderboard, Nickname, and Public Display

You may choose a public nickname for leaderboard and competition display. Tradesera may display public competition metrics such as rank, nickname, simulated PnL, win rate, trades, best trade, worst trade, trading days, and similar statistics. Do not choose a nickname that includes sensitive personal information, another person's identity, offensive content, or content that infringes rights.

15. Data, Privacy, and Documentation

Tradesera processes personal information according to the Privacy Policy. You authorize Tradesera and its service providers to use relevant information for account creation, competition access, identity review, company review, payment processing, payout processing, wallet operation, tax documentation, fraud prevention, compliance, support, analytics, and legal purposes.

16. Taxes

You are responsible for determining and satisfying your own tax obligations. Tradesera may request tax forms, tax certifications, or other documentation before releasing wallet credits or withdrawals. Tradesera may report payments or withhold amounts when required by law.

17. Risk Disclosure and No Advice

Simulated trading does not fully reflect the risks, liquidity, emotion, execution, slippage, or psychology of live trading. Simulated performance is not a guarantee of future performance. Tradesera does not recommend trades, strategies, instruments, brokers, investments, or financial decisions.

18. Suspension, Termination, and Survival

Tradesera may suspend or terminate access to the platform, competitions, wallet features, payout features, credentials, or support channels at any time for legal, compliance, fraud, security, payment, operational, or rule-enforcement reasons. Provisions that by their nature should survive termination will survive, including payment obligations, prohibited activity rules, monitoring and review rights, disclaimers, liability limits, indemnification, dispute terms, and tax obligations.

19. Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY LAW, TRADESERA SERVICES, COMPETITIONS, SIMULATED ACCOUNTS, PLATFORM ACCESS, WALLET FEATURES, PAYOUT FEATURES, DATA, AND RELATED SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.

20. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, TRADESERA AND ITS AFFILIATES, OWNERS, OFFICERS, EMPLOYEES, CONTRACTORS, SUPPLIERS, AND SERVICE PROVIDERS WILL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES, LOST PROFITS, LOST REVENUE, LOST DATA, LOSS OF GOODWILL, TRADING LOSSES, PAYMENT DELAYS, PLATFORM INTERRUPTIONS, THIRD-PARTY FAILURES, OR TECHNICAL ISSUES.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, TRADESERA'S TOTAL LIABILITY FOR ANY CLAIM ARISING OUT OF OR RELATED TO THIS AGREEMENT, A COMPETITION, A SIMULATED ACCOUNT, WALLET CREDITS, PAYOUT FEATURES, OR PLATFORM SERVICES WILL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID TO TRADESERA IN THE 30 DAYS BEFORE THE CLAIM, OR (B) USD $100.

21. Indemnification

You agree to defend, indemnify, and hold harmless Tradesera and its affiliates, owners, officers, employees, contractors, suppliers, and service providers from and against claims, liabilities, damages, losses, costs, and expenses, including reasonable attorneys' fees, arising from your participation, account activity, wallet activity, payout requests, prohibited activity, violation of this Agreement, violation of competition rules, or violation of law.

22. Governing Law and Disputes

This Agreement is governed by the laws of the State of Florida, without regard to conflict-of-law principles. Dispute resolution, venue, arbitration election, jury-trial waiver, class-action waiver, and claim-time-limit provisions are governed by the Terms of Service to the maximum extent permitted by law.

23. Changes to This Agreement

Tradesera may update this Agreement from time to time. Updated terms become effective when posted or otherwise presented to you. Continued use of Tradesera services after an update means you accept the updated Agreement.

24. Electronic Acceptance

You agree that clicking to accept, creating an account, purchasing an entry, accessing a simulated account, requesting a Payout Lock, using wallet credits, or continuing to use Tradesera services constitutes your electronic acceptance of this Agreement.

25. Contact

Questions about this Agreement may be sent to [email protected].