Last Updated 1 April, 2021.
These Terms and Conditions may be subject to change at any time. Ultra Capital Fund reserves the right to change, amend or add to these terms and conditions. Notice will be given through this website, client portal, or email and changes will take effect no sooner than 21 days.
If the Company suspects that a Client has abused or attempted to abuse, or otherwise acted with a lack of good faith towards us, then the Company reserves the right, at its sole discretion, to deny, the client promotion and if necessary to cancel any terms and conditions with respect to that Client, either temporarily or permanently, or terminate that Client's access to the service and/or block that Client's Account.
Participation is not allowed for persons under the age of 18 or otherwise under the legal age in their country of residence ("minors").
If the Client does not understand the risks involved, he/she should seek advice and consultation from an independent financial advisor. If the Client still does not understand the risks involved in trading in any Financial Instruments, he/she should not trade at all.
Clients, who undertake transactions on an electronic trading system, will be exposed to risks associated with the system including the failure of hardware and software (Internet/Servers). The result of any system failure may be that an order is either not executed according to the instructions provided for it, or is not executed at all.
The Client acknowledges that any trading activity, positions, or losses undertaken by anyone or any device or third party on behalf of the Client, are bound by these terms and conditions. Although the Company does not prohibit Clients from delegation of trading activities, all transactions and trading activity is the sole responsibility of the Client who is authorized to trade the account.
The client acknowledges and understands that any breaches of these terms and conditions due to shortfalls in electronic trading systems or technology, are the responsibility of the client, not the Company. Clients are expected to have experience in trading and using electronic trading systems and platforms, including Metatrader5 and any user errors or mistakes made are the responsibility of the Client.
On the live funded account the client is supposed to follow all the agreed trading rules regarding the funding option chosen. A pattern of unauthorized trading will cause the funds to be pulled.
Within the accreditation stage, the risk team would require consistent behaviour each trading day with proper risk management with the use of allowed strategies in order to review your suitability properly before promotion onto the LPM stages/Live funds. In some cases your review may be extended by the risk team in order to get promotion to the LPM stage or live funds.
All rules of the accreditation program need to be followed strictly. This includes but not limited to:
- Opening positions no larger than 2% of your current account balance (based on Stop Loss)
- Not opening positions that expose any instrument more than 2% in total exposure.
- Always opening orders with a Stop Loss entered and pre-filled. No exceptions.
- Protecting Capital and not drawing equity down below 8% of the starting account balance.
Although we will use common sense, good will and fair judgement, Ultra Capital reserve the right to disable and/or terminate any program, plan or account if any of the above “4” rules are breached. Ultra Capital also reserves the right to use their discretion and may revert to liquidity providers and backers for judgment.
The client agrees that by breaching any of the above rules, they are breaching their agreement with Ultra Capital Fund. By doing so, you acknowledge that a breach of the above may conclude your review and disqualify any claim for refund as services have been rendered and completed. If an LPM breaches their agreement, in addition, the breach may conclude your contract with Ultra Capital Fund and profits earned may be forfeited at the discretion of the Company or it’s liquidity providers or backers.
In a situation where the client breaks rules, or is found to have changed their trading strategy without advising us first (this is a check to make sure the new strategy doesn't break any rules), their account may be immediately disabled without warning. This includes but is not limited to, Grid trading, stacking, martingale, hedging or reverse positions on one instrument, and over leveraging trading strategies. These strategies are not allowed.
In a case where a trader is found out using any of these strategies, the account will be closed and the commitment fee will NOT be refunded. *Any profits made from prohibited strategies will be withdrawn and will not count towards Accreditation.
During the Accreditation Review, traders must achieve the target agreed to, within the timeframe agreed to as outlined by the plan details chosen.
During the Accreditation Review, traders must trade for a total of 30 days (30 trading days worth of activity) or a minimum of 60 days (calendar) before satisfying the minimum time period to pass the Review.
There are no cool down periods on the Accreditation Review. There are no refunds available if you change your mind after being approved for the Review Account.
You are only entitled to a refund if you have not received your credentials for the Accreditation Review yet, and request a refund due to an issue at Ultra Capital's Fault.
Transaction fees and an admin fee of 25% will be deducted from any refund that we process to cover costs of set up.
These Terms and Conditions are made in English language. Any other language translation is provided as a convenience only. In the case of any inconsistency or discrepancy between original English texts and their translation into any other language, as the case may be, original versions of English shall prevail.