TERMS AND CONDITIONS

These Terms and Conditions (the “T&Cs”) govern rights and obligations in connection with the use of services provided by PPF Trader (the “Services”), offered mainly through the www.ppftrader.com website (the “Website”). Please read these T&Cs carefully. You are under no obligation to use the Services if you do not agree or understand any portion of these Terms, nor should you use the Services unless you understand and agree to these Terms.

1. INTRODUCTORY PROVISIONS

1.1. These T&Cs govern your (“you”, “your”, or the “Customer”) rights and obligations in connection with the use of the Services provided by PPF Trader, with its registered office at B. C. 1301563, [TBC] Zone, C1 Building, [City], [Country] (“we”, “our”, or the “Provider”).

1.2. By registering on the Website or, where registration is not required, not later than by your first use of the Services, you are entering into a contract with the Provider, the subject of which is the provision of the Services of your choice. The T&Cs form an integral part of such a contract and, by executing the contract with the Provider, you express your agreement to these T&Cs.

1.3. The Services are only intended for persons over the age of 18 residing in the country for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.

1.4. The Provider shall not provide Services to Customer that: (i) is of nationality or is residing in Restricted Jurisdictions*; (ii) is established or incorporated, or has a registered office in Restricted Jurisdictions*; (iii) is subject to the relevant international sanctions; or (iv) has a criminal record related to financial crime or terrorism. Restricted Jurisdictions* means countries determined as such by the Provider and enumerated in clause 21 Definitions section. The Provider reserves the right to refuse, restrict or terminate the provision of any Services to Customer as per this Clause 1.4, and such Customer is prohibited to use the Services, which also includes the use of the Client Section and/or Trading Platform.

1.5. The Services consist of the provision of tools for simulated foreign exchange trading on the Forex market or simulated trading with other instruments on other financial markets, provision of analytical tools, training and educational materials, the access to the Client Section, and other ancillary services, in particular through the Client Section or by the provision of access to applications provided by the Provider or third parties. Financial market information is used in the simulated trading; however, you acknowledge that any trading that you perform through the Services is not real. You also acknowledge that the funds provided to you for demo trading are fictitious and that you have no right to possess those fictitious funds beyond the scope of their use within the Services, and in particular that they may not be used for any actual trading and that you are not entitled to the payment of those funds. Unless expressly agreed otherwise, you will not be paid any remuneration or profits based on the results of your simulated trading, nor will you be required to pay any losses.

1.6. NONE OF THE SERVICES PROVIDED TO YOU BY THE PROVIDER CAN BE CONSIDERED INVESTMENT SERVICES IN ACCORDANCE WITH APPLICABLE LAWS. THE PROVIDER DOES NOT GIVE OR PROVIDE TO YOU ANY GUIDANCE, INSTRUCTIONS, OR INFORMATION ABOUT HOW OR IN WHICH MANNER YOU SHOULD PERFORM TRANSACTIONS WHEN USING THE SERVICES OR OTHERWISE, OR ANY OTHER SIMILAR INFORMATION ABOUT THE INVESTMENT TOOLS TRADED, NOR DOES THE PROVIDER ACCEPT ANY SUCH GUIDANCE, INSTRUCTIONS, OR INFORMATION FROM YOU. NONE OF THE SERVICES CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATIONS. NO EMPLOYEES, STAFF, OR REPRESENTATIVES OF THE PROVIDER ARE AUTHORIZED TO PROVIDE INVESTMENT ADVICE OR RECOMMENDATIONS. SHOULD ANY INFORMATION OR STATEMENT OF ANY EMPLOYEE, STAFF, OR REPRESENTATIVES OF THE PROVIDER BE INTERPRETED AS INVESTMENT ADVICE OR RECOMMENDATIONS, THE PROVIDER EXPLICITLY DISCLAIMS THAT THE SAME IS INVESTMENT ADVICE OR RECOMMENDATIONS AND SHALL NOT BE RESPONSIBLE FOR THEM.

1.7. Your personal data is processed in accordance with the Privacy Policy, accessible on our Website.

1.8. The meaning of the definitions, expressions, and abbreviations used in these T&Cs can be found in clause 21.

2. SERVICES AND THEIR ORDER

2.1. You can order the Services through the Website by completing the appropriate registration or order form. After registration, we will e-mail you the login details for the Client Section and/or Trading Platform and allow you to access them.

2.2. The Services include, among other things, the Free Trial (where applicable), the Challenge, and Evaluation products; these products may differ in the scope of the Services provided (e.g., by analytical tools available to the Customer). In the event that a Free Trial is offered, you may use some of the Services within a limited scope and for a limited period free of charge. Completing the Free Trial does not entitle you to access any other Services.

2.3. All data that you provide to us through the registration or order form, the Client Section, or otherwise must be complete, true, and up to date. You must immediately notify us of any change in your data or update the data in your Client Section. The Customer is responsible for all the provided data being accurate and up to date; the Provider is not obligated to verify the data.

2.4. You acknowledge that if you provide an identification number, tax registration number or other similar information in the registration or order form or in the Client Section, or if you state that you are a legal entity, you will be considered as an entrepreneur (trader) for the purposes of these T&Cs and when using the Services, and the provisions of these T&Cs or the applicable law that grant rights to consumers will not apply to you.

2.5. The fee for the Challenge varies according to the option selected and depends on the amount of the initial capital, the degree of the acceptable risk, the parameters that must be fulfilled so that the conditions of the Challenge and the subsequent Evaluation are met, and possibly other configurations. The final fee will be determined based on the option you select when completing the form for ordering the Challenge. The Provider reserves the right to also provide the Services under individually agreed conditions. All individually agreed conditions shall be determined by the Provider at its own discretion. Individual discounts and other benefits may not be combined, unless expressly stipulated otherwise by the Provider.

2.6. The fee is paid for allowing you to access the Challenge, or the Services provided under the Challenge. The Customer is not entitled to a refund of the fee, for example, if the Customer cancels the Customer’s Client Section or requests the cancellation by e-mail, if the Customer terminates the use of the Services or the contract (for example, fails to complete the Challenge or the Evaluation), fails to meet the conditions of the Challenge or the Evaluation, or violates these T&Cs. Please refer to our Refund Policy regarding the refund and cancellation terms.

2.7. If the Customer lodges an unjustifiable complaint regarding the paid fee or disputes the paid fee with the Customer’s bank or payment service provider (e.g. through chargeback services, dispute services, or other similar services), on the basis of which an annulment, cancellation or refund of the fee or any part thereof is requested, the Provider is entitled, at its own discretion, to stop providing to the Customer any services and refuse any future provision of any services.

2.8. Your choice of the option of the Challenge that you select when making an order shall also apply to the subsequent Evaluation. You will start the subsequent Evaluation and, possibly, other products related thereto, with the parameters and the same currency that correspond to the option of the Challenge selected by you. Once you make a selection, it is not possible to change it.

If you are ordering a new Challenge, the restrictions specified in this clause 2.8 shall not apply.

2.9. The Provider reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful completion. The change does not affect the Services purchased before the change is notified.

2.10. Any data entered in the order form can be checked, corrected, and amended until the binding order of the Services. The order of the Services of your choice is made by submitting the order form. The Provider will immediately confirm the receipt of your order to your e-mail address. In the case of the Free Trial, the order is completed upon the delivery of the confirmation to your e-mail address, whereby the contract is executed. In the case of the Challenge, the order is completed upon the payment of the fee for the selected option (more on this in clause 3.4), whereby the contract between you and the Provider is executed, the subject of which is the provision of the Challenge and, if the conditions of the Challenge are met, the Evaluation. The contract is concluded in English.

2.11. You acknowledge that in order to use our Services, you must obtain the appropriate technical equipment and software, including third-party software (e.g., software for the use of the Trading Platform), at your own risk and expense. The Website is accessible from the most commonly used web browsers. The internet access, purchase of the equipment, and purchase of the web browser and its updates are at your own risk and expense. The Provider does not warrant or guarantee that the Services will be compatible with any specific equipment or software. The Provider does not charge any additional fees for the internet connection.

2.12. You acknowledge that the operators of trading platforms are persons or entities different from the Provider and that their own terms and conditions and privacy policies will apply when you use their services and products. Before sending an order form, you are obligated to read those terms and conditions and privacy policies.

2.13. If the Customer places an unusually large number of orders for the Services within an unreasonably short period of time, the Provider may notify the Customer through the Client Section as a protective precaution to mitigate potentially harmful behaviour of the Customer. If such unreasonable behaviour continues after such notice, we reserve the right to suspend any further orders of the Services by the Customer. If we identify that the unusual behaviour as per this paragraph relates to the Customer’s involvement in forbidden trading practices, including but not limited to those enumerated in Clause 5.4, we may take respective actions as perceived in Section 5 of this T&Cs. The Provider reserves the right to determine, at its own discretion, the nature of the behaviour described above and reasonable boundaries for such determination.

3. PAYMENT TERMS

3.1. The amounts of fees for the Challenge options are in United States Dollars (“USD”). The fee may also be paid in other currencies that are listed on the Website. If you select any other currency than USD, the amount of the fee for the selected option of the Challenge shall be converted by our rates and it will automatically display your payment total in your chosen currency, so you know how much you are paying before you confirm the order. The Customer acknowledges that if the payment is made in a currency other than the one the Customer has chosen on the Website, the amount will be converted according to the current exchange rates valid at the time of payment.

3.2. Service charges are inclusive of all taxes. If the Customer is an entrepreneur (trader), he is obliged to fulfil all his tax obligations in connection with the use of our Services in accordance with applicable law, and in the event of an obligation, he is obliged to pay tax or other fees properly.

3.3. You can pay the fee for the selected option of the Challenge by a payment card, via a bank transfer, or using other means of payment that the Provider currently offers on the Website.

3.4. In the event of payment by a payment card or via any other express payment method, the payment shall be made immediately amount is credited to the Provider’s account. If you do not pay the amount on time, the Provider is entitled to cancel your order. Customer bears all fees charged to Customer by the selected payment service provider (according to the valid pricelist of the payment service provider) in connection with the transaction and the Customer is obliged to ensure that the respective fee for the selected the Challenge is paid in full.

4. CLIENT SECTION AND TRADING PLATFORM

4.1. Only one Client Section is permitted per Customer and all of the Customer’s Services must be maintained in the Client Section.

4.2. Unless the Provider grants an exception to the Customer, the initial capital amounts may not be transferred between the individual products or mutually combined. You may also not transfer or combine your performance, Service parameters, data, or any other information between the products.

4.3. Access to the Client Section and Trading Platform is protected by login data, which the Customer may not make available or share with any third party. The Customer is responsible for all activities that are performed through the Customer’s Client Section or Trading Platform. The Provider bears no responsibility, and the Customer is not entitled to any compensation, for any misuse of the Client Section, Trading Platform, or any part of the Services, nor is the Provider responsible for any negative consequences thereof for the Customer, if such misuse occurs for any reasons on the part of the Customer.

4.4. The Customer acknowledges that the Services may not be available around the clock, particularly with respect to maintenance, upgrades, or any other reasons. In particular, the Provider bears no responsibility, and the Customer is not entitled to any compensation, for the unavailability of the Client Section or Trading Platform and for damage or loss of any data or other content that Customer uploads, transfers or saves through the Client Section or Trading Platform.

4.5. The Customer may at any time request the cancellation of the Client Section by sending an e-mail to support@ppftrader.com. Sending a request for the cancellation of the Client Section is considered as a request for termination of the contract by the Customer, with the Customer being no longer entitled to use the Services, including the Client Section and Trading Platform. The Provider will immediately confirm the receipt of the request to the Customer by e-mail, whereby the contractual relationship between the Customer and the Provider will be terminated. In such a case, the Customer is not entitled to any refund of the fees already paid or costs otherwise incurred.

5. RULES OF DEMO TRADING

5.1. During trading on the Trading Platform, you may perform any transactions, unless these constitute forbidden trading strategies or practices within the meaning of clause 5.4. You also agree to follow good market standard rules and practices for trading on financial markets (e.g., risk managemelognt rules). Restrictions may also be imposed by the trading conditions of the Trading Platform that you have selected for trading.

5.2. You acknowledge that the Provider has access to information about the demo trades that you perform on the Trading Platform. You grant the Provider your consent to share this information with persons/entities who are in a group with the Provider or who are otherwise affiliated with the Provider, and you grant the Provider and these persons/entities your consent and authorization to handle this information at their own will. You agree that these activities may be performed automatically without any further consent, consultation, or approval on your part being necessary, and that you are not entitled to any remuneration or revenue associated with the use of the data by the Provider. The Provider is aware that you do not provide the Provider with any investment advice or recommendations through your demo trading. You acknowledge that you may suspend your demo trading on the Trading Platform at any time.

5.3. The Provider bears no responsibility for the information displayed on the Trading Platform, nor for any interruption of, or delay or inaccuracy in the market information displayed through your Client Section.

5.4. FORBIDDEN TRADING PRACTICES.

5.4.1. DURING TRADING, IT IS PROHIBITED TO:

(a) KNOWINGLY OR UNKNOWINGLY USE TRADING STRATEGIES THAT EXPLOIT ERRORS IN THE SERVICES SUCH AS ERRORS IN DISPLAY OF PRICES OR DELAY IN THEIR UPDATE;

(b) PERFORM TRADES USING AN EXTERNAL OR SLOW DATA FEED;

(c) PERFORM, ALONE OR IN CONCERT WITH ANY OTHER PERSONS, INCLUDING BETWEEN CONNECTED ACCOUNTS, OR ACCOUNTS HELD WITH DIFFERENT PPF TRADER ENTITIES, TRADES OR COMBINATIONS OF TRADES THE PURPOSE OF WHICH IS TO MANIPULA TE TRADING, FOR EXAMPLE BY SIMULTANEOUSLY ENTERING INTO OPPOSITE POSITIONS;

(d) PERFORM TRADES IN CONTRADICTION WITH THE TERMS AND CONDITIONS OF THE PROVIDER AND THE TRADING PLATFORM;

(e) USE ANY SOFTWARE, ARTIFICIAL INTELLIGENCE, ULTRA-HIGH SPEED, OR MASS DATA ENTRY WHICH MIGHT MANIPULATE, ABUSE, OR GIVE YOU AN UNFAIR ADV ANTAGE WHEN USING OUR SYSTEMS OR SERVICES;

(f) PERFORM GAP TRADING BY OPENING TRADE(S):

i. WHEN MAJOR GLOBAL NEWS, MACROECONOMIC EVENT OR CORPORATE REPORTS OR EARNINGS (“EVENTS”), THAT MIGHT AFFECT THE RELEVANT FINANCIAL MARKET (I.E. MARKET THA T ALLOWS TRADING OF FINANCIAL INSTRUMENTS THAT MIGHT BE AFFECTED BY THE EVENTS), ARE SCHEDULED; AND

ii. 15 MINUTES OR LESS BEFORE A RELEVANT FINANCIAL MARKET IS CLOSED FOR 2 HOURS OR LONGER; AND 15 MINUTES OR LESS AFTER A RELEVANT FINANCIAL MARKET IS CLOSED FOR 2 HOURS OR LONGER;

(g) PROVIDE TRADING SIGNALS FROM CHALLENGE ACCOUNT NOR FROM THE PPF TRADER ACCOUNT IN ANY FORMAT (DIGITALLY OR MANUALLY) TO THIRD PARTIES OR ANY OTHER PPF TRADER ACCOUNTS WITHOUT PPF TRADER’S APPROVAL;

(h) TRADE ON NEWS (SCHEDULE 2) ANY MORE THAN 2 MINUTES BEFORE THE NEWS RELEASE AND 2 MINUTES AFTER THE NEWS RELEASE, UNLESS THE CUSTOMER IS TRADING DURING THE EVALUATION PHASE, OR HAS A FUNDED ACCOUNT AND THE REQUIRED ADD-ON;

(i) USE ANY EXPERT ADVISORS, SCRIPTS, OR ROBOTS UNLESS THE RISK TEAM HAS GRANTED SUCH AN EXCEPTION IN WRITING, NOR MAY USERS ENGAGE IN FOLLOWING OTHER USERS’ ENTRY AND EXIT SIGNALS MANUALLY OR THROUGH COPY TRADING. PPF TRADER SHALL HAVE THE RIGHT TO DEEM THAT USERS COORDINATE OR COPY THEIR TRADES IF SEVERAL USERS WITH THE SAME INSTRUMENTS IN THE SAME DIRECTION ARE MADE WITHIN ONE MINUTE OF EACH OTHER OR IF ALL TRADED INSTRUMENTS, ENTRIES, AND EXITS ARE IDENTICAL OR SIMILAR; FOR THE AVOIDANCE OF DOUBT, THE ABOVE IS PROHIBITED UNLESS YOU HAVE PURCHASED SUCH ALGO- TRADING ADD-ONS, OF WHICH PERMITTED ADD-ONs ARE AS LISTED IN OUR FAQs; OR

(j) OTHERWISE PERFORM TRADES IN CONTRADICTION WITH HOW TRADING IS ACTUALLY PERFORMED IN THE FOREX MARKET OR IN ANY OTHER FINANCIAL MARKET, OR IN A WAY THAT ESTABLISHES JUSTIFIED CONCERNS THA T THE PROVIDER MIGHT SUFFER FINANCIAL OR OTHER HARM AS A RESULT OF THE CUSTOMER’S ACTIVITIES (E.G. OVERLEVERAGING, OVEREXPOSURE, ONE-SIDED BETS, ACCOUNT ROLLING).

FAILING TO COMPLY WITH THIS RULE WILL RESULT IN THE TERMINATION OF ALL PPF TRADER ACCOUNTS OWNED BY THE USER. ALL TRADES MUST BE BASED ON THE USER’S OWN ANALYSIS AND DECISIONS.

5.4.2. As our Customer, you should understand and agree that all our Services are for Customer’s personal use only, meaning that only you personally can access your Challenge and Evaluation accounts and perform trades. For that reason, you should not, and you agree not to:

(a) allow access to and trading on your Challenge and Evaluation accounts by any third party nor you shall engage or cooperate with any third party in order to have such third party perform trades for you, whether such third party is a private person or a professional;

(b) access any third-party Challenge and Evaluation accounts, trade on behalf of any third party or perform any account management or similar services, where you agree to trade, operate or manage the Challenge and Evaluation n accounts on behalf of another user, all whether performed as a professional or otherwise.

Please note that if you act or behave in contradiction with the aforesaid, we will consider such action/behavior as a Forbidden Trading Practice under Section 5.4 with respective consequences as perceived under these T&Cs.

5.4.3. Furthermore, Customer shall not exploit the Services by performing trades without applying market standard risk management rules for trading on financial markets, this includes, among others, the following practices (i) opening substantially larger position sizes compared to Customer’s other trades, whether on this or any other Customer’s account, or (ii) opening substantially smaller or larger number of positions compared to Customer’s other trades, whether on this or any other Customer’s account. The Provider reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Forbidden Trading Practices. In addition, position holding time must not deviate from the average trade duration by an unreasonable amount of time. In such cases, the Provider reserves the right to suspend any further orders of the Services by the Customer and has the right to terminate the Customer’s account. The Provider reserves the right to determine, at its own discretion, the nature of the behavior described above and reasonable boundaries for such determination

5.4.4. If the Customer engages in any of the Forbidden Trading Practices described herein:

i. the Provider may consider it as a failure to meet the conditions of the particular the Challenge or Evaluation;

ii. the Provider may remove the transactions that violate the prohibition from the Customer’s trading history and/or not count their results in the profits and/or losses achieved by the demo trading;

iii. to immediately cancel all Services provided to the Customer and subsequently terminate this contract; or

iv. reduce the offered leverage on products to 1: 5 on any or all Customer’s accounts.

5.5. Notwithstanding Clause

5.4.4, if we identify that the unusual behavior as per this Clause 5 relates to the Customer’s involvement in Forbidden Trading Practices or any such deviation from standard practices, PPF Trader also reserves its right to terminate Customer’s Challenge Account and/or Funded Account, and/or any and all accounts Customer has with its affiliates.

5.6. In case when some or all Forbidden Trading Practices are executed on one or more the Challenge Accounts of one Customer, or accounts of various Customers, or by combining trading through the Challenge Accounts and Funded Account, then the Provider is entitled to cancel all Services and terminate all respective contracts related to any and all Customer’s the Challenge Accounts and/or apply other measures in Clause 5.5. The Provider may exercise any and all actions in Clauses 5.5 and 5.6 at its own discretion.

5.7. If any Funded Accounts were used for or were involved in the Forbidden Trading Practices, this may and will constitute a breach of respective terms and conditions for PPF Trader Trader account with third-party provider and may result in cancellation of all such user accounts and termination of respective agreements by the third-party provider.

5.8. If the Customer engages in any of the practices described in Clause 5.4 repeatedly, the Provider may prevent the Customer from accessing all Services or their parts, including access to the Client Section and Trading Platform, without any compensation. In such a case, the Customer is not entitled to a refund of the fees paid.

5.9. The Provider does not bear any responsibility for trading or other investment activities performed by the Customer outside the relationship with the Provider, for example by using data or other information from the Client Section, Trading Platform, or otherwise related to the Services in real trading on financial markets, not even if the Customer uses for such trading the same Trading Platform that the Customer uses for demo trading.

5.10. DEVELOPMENTS IN FINANCIAL MARKETS ARE SUBJECT TO FREQUENT AND ABRUPT CHANGES. TRADING ON FINANCIAL MARKETS MAY NOT BE PROFITABLE AND CAN LEAD TO SIGNIFICANT FINANCIAL LOSSES. ANY PREVIOUS PERFORMANCES AND PROFITS OF THE CUSTOMER’S DEMO TRADING ARE NOT A GUARANTEE OR INDICATION OF ANY FURTHER PERFORMANCE.

6. PPF TRADER CHALLENGE AND EVALUATION

6.1. After paying the fee for the selected option of the Challenge, the Customer will receive the relevant login data for the Trading Platform at the e-mail address provided by the Customer or in the Client Section. The Customer activates the Challenge by opening the first demo trade in the Trading Platform. YOU ACKNOWLEDGE THAT, BY OPENING THE FIRST DEMO TRADE, YOU EXPRESSLY DEMAND THE PROVIDER TO PROVIDE COMPLETE SERVICES. IF YOU ARE A CONSUMER, IT MEANS THE COMPLETION OF SERVICES BEFORE THE EXPIRY OF THE PERIOD FOR WITHDRAWAL FROM THE CONTRACT, WHICH AFFECTS YOUR RIGHT TO WITHDRAW FROM THE CONTRACT, AS SPECIFIED IN MORE DETAIL IN CLAUSE 12. If you do not activate the Challenge within 30 calendar days of the date on which it was made available to you, your access to it will be suspended. You can request the renewal of access via the Client Section or by sending an e-mail to support@ppftrader.com within 6 months of the initial suspension, otherwise we will terminate the provision of the Services without any right to a refund of the fee. If you have a Challenge Account, if you fail to make a trade within the 30-day period, your account will be terminated, and the Challenge fees will not be refunded. You must place at least one trade every 30 days to keep your account active. If you have a Funded Account and it is in profit, you must make a trade within 30 days, otherwise your account will be terminated, and you will not be eligible for any payouts.

6.2. In order for the Customer to meet the conditions of the Challenge, the Customer must fulfil all of the following parameters at the same time:

6.2.1. the Customer has opened at least one demo trade on at least five different calendar days;

6.2.2. in the course of none of the calendar days during the Challenge did the Customer report a loss on any demo trades opened and closed on that day, which would exceed the percentage of the initial capital for the respective option as described below:

6.2.3. the Customer has reached the specified Profit Target, as determined by the relevant Challenge:

The above parameters are explained in more detail on the Website.

6.2.4. In our Two Phase Challenge, we offer an option for a higher drawdown after paying a premium fee. This higher drawdown option is exclusive to the Two Phase Challenge. If a participant chooses not to opt for the higher drawdown, the standard drawdown limits outlined in the table below will apply.

6.3. Trading Instruments: The trading Evaluation includes all instruments available on the relevant software application.

6.4. All positions must be closed before the trading period ends and before the trading period can be reviewed.

6.5. For the Customer to meet conditions of the Evaluation, the Customer shall comply with the following:

6.5.1. Customer has met the conditions of the Evaluation specified in Clause 6.2;

6.5.2. Customer has not violated these T&Cs, in particular, the rules of demo trading under Clause 5.4; and

6.5.3. Customer has not exceeded the maximum total amount of the capital allocation of USD 300,000 individually or in combination, per Customer or per each trading strategy, within the meaning of applicable PPF Trader Trader Agreement, if Customer is already participating in the PPF Trader Trader Program.

If the Customer has met the conditions of the Challenge specified in clause 6.2, and met all conditions herein, the Provider will evaluate the Challenge as successful, and will recommend the Customer as a candidate for PPF Trader Simulated Trading Program, and the Customer can then open a Funded Account. The

6.6. Provider does not have to evaluate the Evaluation if the Customer has not closed all transactions.

6.6.1. The Provider will also make the Evaluation available to the Customer free of charge via reimbursement of the Challenge fee, provided that the Funded Account is in profit and all terms herein have been met.

6.7. If during the Evaluation the Customer does not comply with some of the conditions specified in Clause 6.2, the Challenge will be evaluated as unsuccessful, and the Customer will not be allowed access to the subsequent Evaluation. In such cases, the Customer’s account and Services will be cancelled without refund of fees already paid. The Customer may then purchase and participate in another Challenge.

6.8. Provider recommending Customer as a candidate for the PPF Trader Simulated Trading Program in no way guarantees Customer’s acceptance into the PPF Trader Simulated Trading Program. The Provider is not responsible for Customer being rejected by the PPF Trader Simulated Trading Program for any or no reason.

6.9. Exceptions: Based on your individual trading methods, it is possible to be granted an exception, however, exceptions are granted only after an interview with our risk management team. Without such granted exception(s), users who take unreasonable risks may face termination of our relationship.

6.10. The Customer activates the Evaluation by opening the first demo trade in the Trading Platform through his/her Challenge Account. If the Customer does not activate the Evaluation within 30 calendar days from the day on which the Customer received the new login data, the Customer’s access to the Evaluation will be suspended. The Customer may request the renewal of access via the Client Section or by sending an e-mail to support@ppftrader.comwithin 6 months of the suspension, otherwise we will terminate the provision of the Services without any right to a refund.

7. PPF TRADER TRADER

7.1. If the Customer is successful in the Evaluation, the Customer may be offered a contract by a third-party company, in its sole discretion to participate in the PPF Trader Simulated Trading Program. The terms, conditions, and agreement between the Customer and a third-party company are strictly between the Customer and the third-party company.

7.2. To get accepted to the PPF Trader Simulated Trading Program, the Customer must open a demo account with PPF Trader (as the evaluator), and after successful completion of the Challenge and Evaluation, provide required KYC documentation, agree to all relevant terms and conditions, and sign a Funded Account agreement with a third-party.

7.3. If the Customer is accepted to the program, the Customer can start trading at the same initial account size as the Customer was trading in the Evaluation. The Customer can also start earning performance commissions according to the agreement signed with the third-party company.

7.4. Under the PPF Trader Simulated Trading Program, Customers with a Funded Account are awarded percentage of profits generated based on Customer’s performance, provided they met those terms and conditions. Customer performance commission depends on the chosen program, risk level, and phase. The Customer may request a withdrawal of their commission when their PPF Trader demo account balance is at least $100 and when the payout schedule is due. Payments will be made by wire transfer or any other payment method available with PPF Trader. Intermediary bank fees or other charges incurred by third-party payment providers during the processing of the payout will be borne by the Customer. Alternative payment methods may be available, however, the Customer must ensure that bank transfers are receivable by the institution. PPF Trader will not be responsible for failure to deliver a payout due to mistakes on the Customer’s end. Nor will payment be re-sent in the event of rejection of transfer by the receiving foreign institution. The receiver may be charged by the payment system.

8. USE OF THE WEBSITE, SERVICES AND OTHER CONTENT

8.1. The Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as texts, drawings, graphics, design, icons, images, audio and video samples, and any other content that may form the Website and the Services (collectively as the “Content”), are subject to legal protection pursuant to copyright laws and other legal regulations and are the property of the Provider or the Provider’s licensors. The Provider grants you limited, non-exclusive, non-transferable, non-assignable, non-passable, and revocable permission to use the Content for the purpose of using the Services for your personal use and in accordance with the purpose for which the Services are provided. The Content is not sold or otherwise transferred to you and remains the property of the Provider or the Provider’s licensors.

8.2. All trademarks, logos, trade names, and other designations are the property of the Provider or Provider’s licensors, and the Provider does not grant you any authorization to use them.

8.3. Both the Customer and the Provider undertake to act in accordance with the principles of fair dealing in the performance of the contract and in mutual negotiations and, in particular, not to damage the good reputation and legitimate interests of the other party. The Customer and the Provider will resolve any possible disagreements or disputes between them in accordance with these T&Cs and the applicable law.

8.4. Except for the rights expressly set out in these T&Cs, the Provider does not grant you any other rights relating to the Services and other Content. You may only use the Services and other Content as set out in these T&Cs.

8.5. When accessing the Services and other Content, the following is prohibited:

8.5.1. to use any tools that may adversely affect the operation of the Website and Services or that would be intended to take advantage of errors, bugs or other deficiencies of the Website and Services;

8.5.2. to circumvent geographical restrictions of availability or any other technical restrictions;

8.5.3. to make copies or back-ups of the Website and other Content;

8.5.4. to reverse-engineer, decompile, disassemble or otherwise modify the Website and other Content;

8.5.5. to sell, rent, lend, license, distribute, reproduce, spread, stream, broadcast or use the Services or other Content otherwise than as permitted;

8.5.6. to use automated means to view, display or collect information available through the Website or Services; and 8.5.7. to use any other tools or means the use of which could cause any damage to the Provider.

8.6. The provisions of Clause 8 are not intended to deprive the Customer of the Customer’s consumer rights which cannot be excluded by law.

9. DISCLAIMER

9.1. YOU ACKNOWLEDGE THAT THE SERVICES AND OTHER CONTENT ARE PROVIDED “AS IS” WITH ALL THEIR ERRORS, DEFECTS AND SHORTCOMINGS, AND THAT THEIR USE IS AT YOUR SOLE RESPONSIBILITY AND RISK. TO THE MAXIMUM EXTENT PERMITTED BY THE MANDATORY LAWS, THE PROVIDER DISCLAIMS ANY STATUTORY, CONTRACTUAL, EXPRESS, AND IMPLIED WARRANTIES OF ANY KIND, INCLUDING ANY WARRANTY OF QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON- INFRINGEMENT OF ANY RIGHTS.

9.2. TO THE EXTENT PERMITTED BY THE MANDATORY PROVISIONS OF THE APPLICABLE LAWS, THE PROVIDER IS NOT RESPONSIBLE FOR ANY HARM, INCLUDING ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFIT, LOSS OF DATA, PERSONAL OR OTHER NON-MONETARY HARM OR PROPERTY DAMAGE CAUSED AS A RESULT OF USE OF THE SERVICES OR RELIANCE ON ANY TOOL, FUNCTIONALITY, INFORMATION OR ANY OTHER CONTENT AVAILABLE IN CONNECTION WITH THE USE OF THE SERVICES OR ELSEWHERE ON THE WEBSITE. THE PROVIDER IS NOT RESPONSIBLE FOR ANY PRODUCTS, SERVICES, APPLICATIONS OR OTHER THIRD- PARTY CONTENT THAT THE CUSTOMER USES IN CONNECTION WITH THE SERVICES. IN CASE THE PROVIDER’S LIABILITY IS INFERRED IN CONNECTION WITH THE OPERATION OF THE WEBSITE OR PROVISION OF THE SERVICES BY A COURT OF JUSTICE OR ANY OTHER COMPETENT AUTHORITY, THIS LIABILITY SHALL BE LIMITED TO THE AMOUNT CORRESPONDING TO THE FEE PAID BY THE CUSTOMER FOR THE SERVICES IN CONNECTION WITH WHICH THE CUSTOMER HAS INCURRED THE LOSS.

9.3. The Provider reserves the right to modify, change, replace, add, or remove any elements and functions of the Services at any time without any compensation.

9.4. The Provider is not responsible for its failure to provide the purchased Services if that failure occurs due to serious technical or operational reasons beyond the Provider’s control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection, pandemic, a threat to a large number of people or other force majeure events, and/or if the Provider is prevented from providing the Services as a result of any obligations imposed by law or a decision of a public authority.

9.5. The provisions of Clause 9 are not intended to deprive the Customer of the Customer’s consumer or other rights that cannot be excluded by law.

10. VIOLATION OF THE T&Cs

10.1. IF THE CUSTOMER VIOLATES ANY PROVISION OF THESE T&Cs IN A MANNER THAT MAY CAUSE ANY HARM TO THE PROVIDER, IN PARTICULAR, IF THE CUSTOMER ACCESSES THE SERVICES IN CONFLICT WITH CLAUSE 1.3 OR 1.4, IF THE CUSTOMER PROVIDES INCOMPLETE, UNTRUE OR NON-UPDATED INFORMATION IN CONFLICT WITH CLAUSE 2.3, IF THE CUSTOMER ACTS IN A MANNER THAT MAY DAMAGE THE PROVIDER’S GOOD REPUTATION, IF THE CUSTOMER VIOLATES THE DEMO TRADING RULES PURSUANT TO CLAUSE 5.4, IF THE CUSTOMER ACTS IN CONFLICT WITH CLAUSE 8.3, AND/OR IF THE CUSTOMER PERFORMS ANY OF THE ACTIVITIES REFERRED TO IN CLAUSE 8.5, THE PROVIDER MAY PREVENT THE CUSTOMER FROM ORDERING ANY OTHER SERVICES AND COMPLETELY OR PARTIALLY RESTRICT THE CUSTOMER’S ACCESS TO ALL OR ONLY SOME SERVICES, INCLUDING ACCESS TO THE CLIENT SECTION AND TRADING PLATFORM, WITHOUT ANY PRIOR NOTICE AND WITHOUT ANY COMPENSATION.

11. COMMUNICATION

11.1. You acknowledge that all communication from the Provider or its partners in connection with the provision of Services will take place through the Client Section or your e-mail address, which you register with us. Written electronic communication by e-mail or through the Client Section is also considered to be written communication.

11.2. Our contact e-mail address is support@ppftrader.com and our contact address is B. C. 1301563, Ajman Free Zone, C1 Building, Ajman, UAE.

12. RIGHT TO WITHDRAW FROM A CONTRACT

12.1. If you are a consumer, you have the right to withdraw from a contract without giving a reason within 10 days of its execution (see clause 2.10 for details on the time of execution of the agreement). PLEASE NOTE THAT IF YOU START PERFORMING DEMO TRADES BEFORE THE EXPIRY OF THE SPECIFIED TIME LIMIT, YOU LOSE YOUR RIGHT TO WITHDRAW FROM THE CONTRACT.

12.2. Your withdrawal from the contract must be sent to our e-mailsupport@ppftrader.com within the specified time limit. We will confirm the receipt of the form to you in text form without undue delay. If you withdraw from the contract, we will refund you without undue delay (no later than 14 days after your withdrawal from the contract) all fees we have received from you, in the same way in which you paid them.

12.3. The Provider is entitled to withdraw from the contract in the case of any breach by the Customer specified in Clause 10. The withdrawal has effect from the day of its delivery to the e-mail address of the Customer or through the Client Section.

13. DEFECTIVE PERFORMANCES

13.1. If the Services do not correspond to what was agreed or have not been provided to you, you can exercise your rights from defective performance. The Provider does not provide any guarantee for the quality of the services. You must notify us of the defect without undue delay at our e-mail address or at our address listed in clause 11.2. When exercising the rights from defective performance, you may request that we remedy the defect or provide you with a reasonable discount. If the defect cannot be remedied, you can withdraw from the contract or claim a reasonable discount.

13.2. We will try to resolve any complaint you may lodge as soon as possible, and we will confirm its receipt and settlement to you in writing. If we do not settle the complaint in a reasonable timeframe, you have the right to withdraw from the contract. You can file a complaint by sending an e-mail to our e-mail addresssupport@ppftrader.com.

14. CHANGES TO THE T&Cs

14.1. The Provider reserves the right to change these T&Cs from time to time with effect for the contract previously entered into by the Customer. The Provider will notify the Customer of the change in the T&Cs at least 7 days before the change in the T&Cs is effective, via the Client Section or by e-mail. If the Customer does not agree with the change, the Customer is entitled to reject it. The Customer must do so no later than on the last business day before these changes take effect by sending the rejection to our e-mail address support@ppftrader.com.

14.1. Upon receiving such rejection, the contract will be terminated. If the Customer does not reject the change, it is considered that the Customer agrees to the new version of T&Cs.

14.2. If the change offers the Customer a new service or other additional functionalities or this change is solely to their advantage, the Provider may inform the Customer about this change less than 7 days before the effective date of such change, but no later than the day before its effectiveness.

14.3. The Provider has the right to amend these T&Cs for the non-exhaustive following reasons:

14.3.1. to introduce new services or products or amend existing services or products;

14.3.2. to reflect legal or regulatory requirements that apply to the Provider;

14.3.3. when the Provider will try to make these T&Cs easier to understand or more helpful to the Customer;

14.3.4. to adjust the way our Services are provided, particularly if the change is needed because of a change in the way the technology is provided or background processes;

14.3.5. to reflect changes in the cost of running our business.

15. RISK DISCLOSURE

15.1. All content published and distributed by PPF Trader and its affiliates (collectively, the “Company”) is intended solely for the study purposes related to trading on financial markets and does not serve in anyway as a specific investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose! The information in this document is not directed at residents in any country or jurisdiction or Restricted Jurisdiction* where such distribution or use would be contrary to local laws or regulations. PPF Trader or its affiliates may:

15.1.1. Change margin requirements at any time in line with perceived or actual excessive changes in volatility and/or liquidity

15.1.2. Cancel orders or trades at any time in line with the perceived or actual risk of nonexecution of stop or limit orders due to market conditions

15.1.3. PPF Trader or its affiliates are not responsible for the variable spread, liquidity levels, or limit order execution parameters provided by liquidity providers and market makers.

Please refer to our Risk Disclosure for further information.

16. INDEMNITY AND LIABILITY

16.1. The Company shall not be liable to the Customer or to any third party except by reason of acts that constitute gross negligence, bad faith, or intent to defraud on behalf of the Company.

16.2. Customer will indemnify, hold harmless, and defend the Company and its members against any liability, loss cost, damage, or expense and any amount paid in settlement thereof to which any of them maybe come subject to in acting pursuant to or in furtherance of this Agreement or in connection with any transaction for the Account.

16.3. Only one Customer profile per verified individual is permitted. One Customer profile/verified individual can have multiple accounts. Customers are not permitted to allow others to use their account and may not use any other PPF Trader account. IP addresses, device IDs, and behavioral data maps will be used by the automated risk system as a basis for determining unauthorized trading activity. All Customer must be contactable on the telephone number and email provided during verification at any time a position is held in the markets. PPF Trader reserves the right to demand extra video verification at any time. Failure to contact the user or to verify identity will result in account suspension.

17. OUT-OF-COURT CONSUMER DISPUTE SETTLEMENT

17.1. It is our objective that our customers are satisfied with the PPF Trader services; therefore, if you have any complaints or suggestions, we will be happy to resolve them directly with you and you can contact us at our e-mail address or at our address listed herein.

18. CHOICE OF LA W AND JURISDICTION

18.1. Any legal relations established by these T&Cs or related to them, as well as any related non-contractual legal relations, shall be governed by the laws of the United Arab Emirates. Any dispute that may arise in connection with these T&Cs and/or related agreements will fall within the jurisdiction of the relevant United Arab Emirates court having local jurisdiction according to the registered office of the Provider.

19. DURATION AND TERMINATION OF THIS AGREEMENT

19.1. This Agreement is concluded for a definite period until the Evaluation is passed or failed in accordance with Clause 6.

19.2. This Agreement may be terminated by either party earlier in accordance with these T&Cs. The Agreement terminates automatically and with immediate effect in case the Customer during the Challenge or Evaluation does not open at least one trade during a period of 30 consecutive days.

19.3. Notwithstanding Clause 19.2, the Provider may terminate this contract with and immediate effect when the provision of Services under contract would affect the ability of the Provider to adhere to its legal obligations or orders or decisions of a governmental bodies or other regulators.

19.4. The Provider reserves the right to terminate the Services or your access to the Provider’s website in its sole and absolute discretion and without prior notice.

19.5. The Provider may terminate this contract without cause and without notice, with immediate effect. The Customer may terminate this contract by providence 14 days’ advance written notice in accordance with Clause 11.

20. FINAL PROVISIONS

20.1. The Provider has not adopted any consumers codes of conduct.

20.2. These T&Cs constitute the complete terms and conditions agreed between you and the Provider and supersede all prior agreements relating to the subject matter herein, whether verbal or written.

20.3. Nothing in these T&Cs is intended to limit any legal claims set out elsewhere in these T&Cs or arising from the applicable law. If the Provider or any third party authorized thereto does not enforce the compliance with these T&Cs, this can in no way be construed as a waiver of any right or claim.

20.4. The Provider may assign any claim arising to the Provider from these T&Cs or any agreement to a third party without your consent. You agree that the Provider may, as the assignor, transfer its rights and obligations under these T&Cs or any agreement or parts thereof to a third party. The Customer is not authorized to transfer or assign the Customer’s rights and obligations under these T&Cs or any agreements or parts thereof, or any receivables arising from them, in whole or in part, to any third party.

20.5. If any provision of the T&Cs is found to be invalid or ineffective, it shall be replaced by a provision whose meaning is as close as possible to the invalid provision. The invalidity or ineffectiveness of one provision shall not affect the validity of the other provisions. No past or future practice established between the parties and no custom maintained in general or in the industry relating to the subject-matter of the performance, which is not expressly referred to in the T&Cs, shall be applied and no rights and obligations shall be derived from them for the parties; in addition, they shall not be taken into account in the interpretation of manifestations of the will of the parties.

20.6. The schedules to the T&Cs form integral parts of the T&Cs. In the event of a conflict between the wording of the main text of the T&Cs and any schedule thereof, the main text of the T&Cs shall prevail.

20.7. Prior to the mutual acceptance of these T&Cs, the parties have carefully assessed the possible risks arising from them and accept those risks.

20.8. Customer has read, understood, and agreed to these T&Cs and rules on this document, as well as the PPF Trader Challenge Account Agreement, and the rules and objectives published on www.PPF Trader.com.

21. DEFINITIONS AND ABBREVIATIONS USED

21.1. For the purposes of the T&Cs, the following definitions shall have the following meanings:

• “calendar day” means the period from midnight to midnight of the time currently valid in the United Arab Emirates (GMT+4);
• “Challenge Account” means trading account(s) related to the relevant One, two or Three Phase Challenge as defined in Schedule 1 provided as part of the Services by the Provider;
• “Client Section” means the user interface located on the Website;
• “Content” means the Website and all Services, including the Client Section, their appearance and all applications, data, information, multimedia elements such as texts, drawings, graphics, design, icons, images, audio and video samples and other content that may form the Website and the Services (as set out in clause 8.1);
• “Customer” means the user of the Services (as set out in clause 1.1);
• “Events” means events as set out in clause 5.4.l(f)(I);
• “initial capital” means a fictitious amount that the Customer has chosen when selecting the option of the Challenge and which the Customer will use to perform demo trading;
• “PPF Trader Trader account” or “Funded Account” means a funded live simulated trading account, which relates to the PPF Trader Simulated Trading Program provided by a third-party provider;
• “Evaluation” means the appraisal of the Customer’s trading practices trading in accordance with each Challenges’ trading parameters;
• “Evaluation Phase” means the period of time when the Customer opens a Challenge Account to completion of the trading in accordance with each Challenges’ trading parameters;
• “Forbidden Trading Practices” means trading practices strictly forbidden while using our Services and are more detailed in Clause 5.4 of these T&Cs;
• “T&Cs” means these Terms and Conditions of PPF Trader;
• “Profit Target” means closed profit needed to ascend into the next phase of the Evaluation and/or pass the Evaluation;
• “Provider” means the provider of certain Services (as set out in clause 1.1);
• “Restricted Jurisdiction”* means Afghanistan, Albania, Algeria, Belarus, Burma (Myanmar), Burundi, Central African Republic, Croatia, Cuba, Iran, Iraq, Kosovo, Lebanon, Libya, Mali, Midway Islands, North Korea, Republic of the Congo, Russian Federation, Samoa, Somalia, Sudan, Syria, Ukraine (restrictions are limited to the following regions: Crimea, Sevastopol, Donetsk, Kherson, Luhansk, and Zaporizhzhia), United Arab Emirates, Vatican City State, Venezuela, West Bank, Western Sahara, Yemen, Zambia. *Additional Service Limitations for US Clients: Clients from the United States are restricted to using the Think Trader platform only and cannot access any other software platform. This rule applies to all territories of the United States, including but not limited to: American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and US Virgin Islands.
• “Schedules” means Schedule 1 and any other Schedules as applicable, which are part of these T&Cs;
• “Services” means the Provider’s services as set out in clauses 1.1 and 1.5;
• “Trading Platform” means an electronic interface provided by a third party in which the Customer performs the demo trading;
• “USD” means the United States dollar; and
• “Website” means the website www.PPF Trader.com.
• “Profit Target” means closed profit needed to ascend into the next phase of the evaluation and/or pass the evaluation
• By creating a PPF Trader account and/or using the Services, you accept and agree to be bound by these T&Cs.

SCHEDULE 1

OPTIONS OF PPF TRADER CHALLENGES

One Phase Evaluation

• The One Phase Evaluation Account with an initial capital of USD 5,000.
• the One Phase Evaluation Account with an initial capital of USD 10,000
• The One Phase Evaluation Account with an initial capital of USD 50,000.
• The One Phase Evaluation Account with an initial capital of USD 100,000.
• And all variations with the EA’s Allowed Add-on for all Initial Capital sizes.

Two Phase Evaluation

• The Two Phase Evaluation Accounts with an initial capital of USD 5,000.
• The Two Phase Evaluation Accounts with an initial capital of USD 10,000.
• The Two Phase Evaluation Accounts with an initial capital of USD 25,000.
• The Two Phase Evaluation Accounts with an initial capital of USD 50,000.
• The Two Phase Evaluation Accounts with an initial capital of USD 100,000.
• And all possible combinations with Drawdown Add-on, News Trading Add-on, 80% Profit Split Add-on, EA’s Allowed Add-on, and Weekly Payout Add-on for all Initial Capital sizes.

Three Phase Evaluation

• The Three Phase Evaluation Accounts with an initial capital of USD 5,000.
• The Three Phase Evaluation Accounts with an initial capital of USD 10,000.
• The Three Phase Evaluation Accounts with an initial capital of USD 25,000.
• The Three Phase Evaluation Accounts with an initial capital of USD 50,000.
• The Three Phase Evaluation Accounts with an initial capital of USD 100,000.
• And all possible combinations with News Trading Add-on, 80% Profit Split Add-on, EA’s Allowed Add-on, and Weekly Payout Add-on for all Initial Capital sizes. (collectively and individually, the “Challenge Account”).

Terms and parameters of the Challenges contained in our Frequently Asked Questions are incorporated herein.

Terms and parameters of the Events contained in our Frequently Asked Questions are incorporated herein