Terms & Disclosure Agreement

Options Funding LLC

Comprehensive Terms & Disclosures Agreement

(Terms of Service | Participant Agreement | Billing & Payment Policy | Performance Reward Program Policy | Risk Disclosure | Compliance Policy)

Website: optionsfunding.co

Legal name: Options Funding LLC

Effective August 11, 2026

1. Scope; Hierarchy; Updates

1.1 Scope. These Terms apply to all Options Funding products and services, including evaluation subscriptions, simulated trading programs, dashboards, support systems, APIs, and related third-party integrations.

1.2 Incorporated Policies. Our Privacy Policy, trading rules, performance reward program criteria, and published program parameters are incorporated by reference. In the event of conflict, this Agreement controls unless expressly stated otherwise.

1.3 Updates and Notice. We may update these Terms at any time by posting revised Terms on this page. We may provide notice by email, dashboard message, checkout prompt, or other reasonable methods. Your continued use after posting and notice constitutes acceptance of revised Terms, to the fullest extent permitted by law. Section 19A states this amendment right in full, and Section 19A.2 states the rights an amendment does not reach.

1.4 Re-Acceptance on Material Changes. For material policy updates (including billing, dispute, compensation, or compliance terms), we may require you to affirmatively re-accept updated Terms and/or Privacy Policy before new purchases, program advancement, or compensation requests.

2. Definitions

For purposes of this Agreement:

• “Account” means your user account on our website or platform.
• “Evaluation Account” means a simulated/paper trading account used to assess trading skill and determine eligibility for advancement.
• “Funded Account” means an advanced-stage simulated trading environment made available to select users who have successfully completed the evaluation program, at Options Funding’s sole discretion. A Funded Account is a continuation of the simulated evaluation experience with enhanced parameters and does not constitute a brokerage account, investment account, client-managed capital account, or access to real trading capital.
• “Live Account” means a sub-account of Options Funding’s own proprietary brokerage account to which a trader may be assigned, at Options Funding’s sole discretion, after the Funded stage. A Live Account trades Options Funding’s own capital in real markets. It is not the trader’s account: the trader holds no ownership, beneficial interest, or withdrawal right in it, contributes no capital to it, and bears no trading losses incurred in it. Live Accounts are governed by the separate Live Trader Agreement. See Section 4.10.
• “Subscription” means a recurring paid evaluation plan billed on a periodic cycle.
• “Payment Failure” includes any declined, reversed, or unsuccessful recurring charge attempt.
• “Good Standing” means no unresolved payment failures, unresolved disputes, refunds, or other payment/compliance restrictions on the fees you have paid. A subscription that has ended does not by itself put you outside Good Standing. In particular, activating a Funded account automatically stops the monthly evaluation subscription, because the Funded phase carries no monthly fee; that ended subscription is a completion and does not restrict your account or your payouts.
• “Chargeback/Dispute” means a payment reversal inquiry or claim initiated through a card network, bank, or processor.
• “Related Account” means any account that we reasonably determine is connected by identity, payment instrument, device, IP, household, entity affiliation, referral linkage, operational control, or other risk indicators.
• “Payout” means a discretionary performance-based reward approved and processed under Options Funding’s separate reward program terms and compliance checks. At the Evaluation and Funded stages, Payouts are incentive awards based on demonstrated skill in the simulated environment; they are not withdrawals of trading profits, investment returns, or distributions of capital. At the Live stage, a Payout is the trader’s contractual share of realized net trading profits earned trading Options Funding’s own capital, payable under the Live Trader Agreement and paid by Options Funding from its own funds; it is still not an investment return and not a distribution of capital to the trader. Payouts are not part of the evaluation purchase and are not guaranteed.
• “Third Parties” includes payment processors, brokers, platform providers, identity/KYC providers, tax/payment rail providers, and infrastructure vendors.

3. Eligibility; Account Integrity

3.1 Eligibility. You must be at least 18 years old (or legal age of majority where you reside), have legal capacity to contract, and provide accurate, current account information.

3.2 Single-User Access. Accounts are personal and non-transferable unless expressly authorized by Options Funding in writing. You are responsible for all activity under your credentials.

3.3 Security. We may suspend access for suspected compromise, unauthorized access, or security risk. You must notify us immediately of unauthorized activity.

4. Service Description; Program Nature

4.1 Educational and Evaluation Services. Options Funding LLC provides simulated trading evaluations and educational tools for traders. All services are intended solely for educational purposes related to trading on financial markets and trader skill assessment. Options Funding does not provide investment recommendations, business recommendations, investment opportunity analyses, or similar general recommendations regarding the trading of investment instruments. THE SITES AND SERVICES ARE NOT, AND MAY NOT BE CONSIDERED, INVESTMENT SERVICES.

4.2 Nature of Purchase. All fees paid to Options Funding are solely for access to simulated trading evaluations, educational tools, and platform services. Fees are not deposits, investments, or payments for access to capital. Users are not purchasing an income opportunity, employment, or profit-generating service. The fee is paid for allowing you to access the evaluation program and any services or educational resources provided in connection therewith.

4.3 Not a Broker-Dealer or Financial Institution. Options Funding LLC is not a broker-dealer, investment advisor, custodian, exchange, or registered financial institution. We do not accept deposits, hold customer funds for trading purposes, or execute securities transactions on your behalf. We do not provide investment, legal, accounting, or tax advice. You should consult your own advisors before engaging in any transaction.

4.4 No Financial Services. Options Funding does not provide investment advice or brokerage services, and does not provide any user with access to financial markets for the user’s own account or with the user’s own capital. All services provided under these Terms are educational or evaluative in nature. Section 4.10 describes the separate Live stage, at which an authorized trader enters orders in Options Funding’s own proprietary brokerage account using Options Funding’s own capital. Nothing on our website, dashboard, marketing materials, or communications constitutes an offer to buy or sell, or a solicitation to buy or sell, any financial product.

4.5 Simulated Environment. The Evaluation and Funded stages of the Options Funding program operate in a simulated trading environment. At those stages all balances and figures are fictitious, do not represent any currency or real capital, and you have no right to possess those fictitious funds beyond the scope of their use within the program. The simulated trading environment is designed for educational and evaluation purposes only. No user trades real money, real securities, or real capital at the Evaluation or Funded stage. The separate Live stage, at which an authorized trader trades Options Funding’s own capital in real markets, is described in Section 4.10.

4.6 Discretionary Advancement. Users who successfully complete the evaluation may be considered for advancement to an enhanced simulated trading stage (Funded Account), subject to additional terms, approval, and Options Funding’s sole discretion. Advancement is discretionary and may be withheld for any reason, including risk, compliance, or business considerations. Completion of the evaluation does not guarantee any offer, advancement, or reward eligibility. Funded Accounts remain simulated environments and do not provide access to real capital, investment accounts, or brokerage relationships. Advancement beyond the Funded stage to the Live stage is separately discretionary and is governed by Section 4.10.

4.7 Separate Performance Reward Program. Any opportunity to receive a performance-based reward (payout) is governed by a separate agreement and is not part of the initial purchase of evaluation services. Rewards are discretionary incentives issued at Options Funding’s sole discretion based on demonstrated trading skill in the simulated environment. They are not profits, investment returns, wages, or distributions of capital. Reward eligibility, amounts, timing, and terms may be modified, suspended, or terminated at any time, subject to Section 19A.2.

4.8 No Earnings Representation. We do not guarantee any profits, income, rewards, or financial outcomes. Past performance in simulated environments is not indicative of real-world results. No representation is being made that any user will or is likely to achieve profit, income, rewards, or results similar to any examples shown. Individual results vary. Options Funding is not an income opportunity or an employment arrangement, and nothing in the Evaluation or Funded stage is a profit-sharing arrangement. At the Live stage, an authorized trader is compensated by a contractual share of realized trading profits under the Live Trader Agreement; that is an independent-contractor engagement and is not an investment, a security, or a participation in any pooled investment vehicle.

4.9 No Guarantee of Access or Status. Access, progression, Funded Account status, and eligibility for the performance reward program are not guaranteed and may be denied, paused, or revoked for rule violations, payment issues, compliance concerns, or abuse. Advancement is not guaranteed.

4.10 Live Stage. After the Funded stage, Options Funding may, in its sole discretion, admit a trader to the Live stage. A trader admitted to the Live stage is engaged as an independent contractor and designated as an authorized trader on a sub-account of Options Funding’s own proprietary brokerage account, where they enter orders that trade Options Funding’s own capital in real markets. That sub-account and every asset in it remain the sole property of Options Funding: the trader holds no ownership, beneficial, or security interest in it, has no right or ability to withdraw or transfer from it, contributes no capital to it, and bears no trading losses incurred in it. Fees paid at any prior stage are not a capital contribution, deposit, or investment and are not held for the trader’s benefit. Admission to the Live stage is discretionary, is conditioned on the broker accepting the trader as an authorized trader, and is never guaranteed by completion of any prior stage or by any number of payouts. The Live stage is governed by the separate Live Trader Agreement, which controls over these Terms as to Live-stage activity notwithstanding Section 1.2.

4.11 Advancement to Live: the Notice, the Decision, and the Settlement. Where Options Funding determines that a Funded trader is ready for the Live stage, it sends that trader a Live Program Notice. The Notice closes nothing. On the date the Notice is sent, every Evaluation and Funded account the trader holds stays open and tradeable, billing is unchanged, and nothing is barred. Accounts close only when the trader answers the Notice, or when the 30 days run out. The trader has 30 calendar days from the date of the Notice to accept or decline, and that deadline is shown to the trader and is recorded on their account. What the Notice does change is payouts. Every Payout request already pending is held: it is not cancelled, the trader may not submit a duplicate of it, and it is neither approved nor paid while the Notice is open. A held request is resolved by the trader’s answer, under (a), (b) and (c) below. New payout requests are paused while your Live Program Notice is open. Every payout request you had already submitted is held while your notice is open. It is not cancelled, and it is not paid in the meantime. It is resolved by your answer: accepting cancels it without payment, and declining pays it in cash, up to the cap.

(a) If the trader accepts. Then, and only then: every Evaluation and Funded account they hold is closed; the subscription behind each closed account is cancelled, so no further charge is made for it; every Payout request then pending is cancelled without payment, and nothing is paid, credited, or carried into the Live account for it; they may not open, purchase or hold a further evaluation or funded account, including under a different email address; and a Live account is opened for them. Those closures are part of accepting and are not an error. If the broker declines to accept the trader as an authorized trader, Options Funding restores the closed accounts and lifts the restriction under Section 16.6.

(b) If the trader declines. Every Payout request pending at the moment they decline is paid in cash. The amounts are summed across every account they hold and capped at $3,000 in total for the trader. The cap is per person, not per account. Five accounts with $2,000 pending each pays $3,000, not $10,000. Payment is made through the ordinary payout rail and requires the same tax and banking details, the Mercury W-9 or W-8BEN plus bank details, that any Payout requires. Their accounts then close, billing stops, and re-entry is permanently barred. No Live account is opened.

(c) If the trader never answers. An unanswered notice expires after 30 days and is treated as a decline. No settlement is payable on an expired notice. Their accounts close, billing stops, and re-entry is barred, exactly as on a decline, but nothing is paid, and every held Payout request is cancelled without payment.

(d) Nothing pending means nothing paid. A trader who declines with no Payout request pending is paid nothing. The settlement pays the requests the trader had already submitted, so where there are none, there is nothing to pay.

(e) Fees, and the effect of declining. Fees already charged for a closed evaluation or funded account are not refunded, consistent with Section 10. Declining is not a breach of these Terms, creates no debt or liability to Options Funding, and is not treated as misconduct.

4.12 Allocated Capital. Options Funding assigns an amount of its own capital to the trader’s Live sub-account (the “Allocation”). A trader advancing from a 100K Funded account is allocated $50,000; from a 50K Funded account, $25,000; from a 25K Funded account, $12,500. The Allocation is Options Funding’s money at all times. The trader contributes nothing to it, may not withdraw or transfer from it, and holds no ownership, beneficial, or security interest in it. Fees paid at any earlier stage are not a deposit toward the Allocation and are not returned as part of it.

4.12A One Live Account; How It Is Sized. A trader holds exactly one Live account, however many Evaluation or Funded accounts they held before the Notice. Allocated Capital is set by the single largest eligible Funded account the trader held on the date of the Notice. It is never the sum of the accounts they held: plans are never added together. A trader who held five funded accounts receives the same Live account as a trader who held one of the same size.

Every Funded plan size we publish is eligible for advancement: the $25,000, the $50,000, and the $100,000 Funded plan. Where a trader holds Funded accounts of more than one size, the largest of them sizes the Live account and the sizes are never added together. Eligibility is not a right to advance. It means only that a plan size is capable of being advanced. Admission to the Live stage stays discretionary under Section 4.10, is never earned by profit, tenure, or any number of payouts, and the same selection standard is applied at every plan size.

The parameters follow from that single account. A $100,000 Funded plan gives $50,000 of Allocated Capital, $50,000 of entry buying power, a $5,000 maximum drawdown, and a floor that locks once realized profit reaches $5,100. A $50,000 Funded plan gives $25,000 of Allocated Capital, $25,000 of entry buying power, a $2,500 maximum drawdown, and a floor that locks once realized profit reaches $2,600. A $25,000 Funded plan gives $12,500 of Allocated Capital, $12,500 of entry buying power, a $2,000 maximum drawdown, and a floor that locks once realized profit reaches $2,100. Sections 4.12 through 4.14 state those parameters in full.

The Live account is therefore smaller in real dollars than the combined simulated nominal of the accounts it replaces. That is deliberate. The Allocated Capital is Options Funding’s own money at risk in real markets, and the simulated figures it replaces were never real money at all.

4.13 Drawdown and the Locked Floor. Each Live account has a maximum drawdown: $5,000 on a 100K basis, $2,500 on a 50K basis, $2,000 on a 25K basis. The account terminates if equity reaches its floor. The floor trails the account’s high-water equity by the drawdown amount and never rises above the Allocation. Once the trader has generated realized profit equal to the drawdown plus $100, the floor locks permanently at the Allocation plus $100 and stops moving. That realized-profit threshold is the published figure for the plan size, $5,100 on a 100K basis, $2,600 on a 50K basis, and $2,100 on a 25K basis. It is fixed: nothing reduces it, brings it forward, or offsets it, and no amount cancelled or forfeited at any earlier stage is applied against it. After the floor locks, the trailing drawdown and the daily loss limit no longer apply.

4.14 Buying Power and Scaling. Buying power begins at 50% of the Funded plan size and may increase to 75%, 100%, and 125% as realized profit reaches published thresholds. Each increase additionally requires at least 30 closed Live trades and a demonstrated statistical edge, so that size follows evidence rather than a short winning run. Buying power may be reduced at a session boundary if either condition ceases to hold. Buying power is a limit on position size, not an additional allocation of capital.

4.15 Compensation and Live Payouts. A Live trader is compensated by 80% of realized net trading profits in their sub-account; Options Funding retains 20%. Live payouts are not subject to the winning-day requirements or the payout caps that apply at the Funded stage. The minimum request is $100. A payout may not reduce account equity below the floor plus a $2,000 operating buffer, and a payout never moves the floor. Payouts are paid by Options Funding from its own funds and are never paid out of the brokerage sub-account directly.

4.16 Mandatory De-Risking Withdrawal. Where a Live trader’s undrawn realized profit reaches twice their drawdown amount, Options Funding will initiate a payout of that profit without a request from the trader. The trader receives their 80% share and Options Funding retains its 20%. The withdrawal is limited to the profit that triggered it, is never taken below the floor plus the operating buffer, and does not move the floor. Profit already withdrawn does not count toward a further trigger. This provision pays the trader earlier than they would otherwise be paid; it does not reduce, forfeit, or defer any amount owed to them.

4.17 Trading Restrictions at the Live Stage. Live trading is subject to restrictions that apply in every phase and are not relaxed as a trader scales: positions must have a maximum loss that is calculable at entry, so uncovered short options are not permitted; the maximum loss of any single order, combined with the maximum loss already on the book, may not exceed a published fraction of the equity above the floor; and permitted instruments are limited to those Options Funding’s risk systems can evaluate. Options Funding may close any position and may disable trading in a Live sub-account at any time, including automatically, to enforce these restrictions.

4.18 Live Trader Agreement Controls. The Live stage is governed by the Live Trader Agreement, which the trader accepts before any Live account is opened. Sections 4.10 through 4.17 summarise that agreement for convenience. Where this summary and the Live Trader Agreement differ, the Live Trader Agreement controls.

4.19 Immediate Digital Delivery; Access Is Acceptance of Delivery. The Services are digital. Nothing is shipped, and there is nothing to return. Your evaluation account is created and made available to you automatically, normally within seconds of a successful payment, and your platform credentials are sent to the email address on file at that time. Delivery is complete at the moment the account is made available to you. It is not conditional on your logging in, on your trading, on your passing, or on your using any particular feature. You acknowledge and agree that logging in to the dashboard, opening the trading platform, placing an order, or otherwise accessing the account constitutes your acceptance of delivery of the Services for that billing period, and constitutes evidence that the Services were received.

4.20 Failing an Evaluation Is a Normal Outcome, Not a Service Failure. What you purchase is an attempt at an evaluation under published rules, not a result. Most participants do not pass. Breaching a risk limit, hitting a daily loss limit, having positions closed automatically on breach, or having an account closed under the trading rules are the published rules operating exactly as designed. You acknowledge and agree that a failed, breached, or closed evaluation account is not a defect, is not a non-delivery of the Services, is not a service that differs from its description, and is not a basis for a refund, a credit, or a payment dispute. The published plan parameters, profit targets, risk limits, and rules are stated in full on our Trading Rules page and on our published plan pages before you purchase, and they are the description of what you bought.

5. Fees, Billing, and Payment Authorization

5.1 Recurring Billing. Evaluation subscriptions renew automatically until cancelled. You authorize Options Funding and our payment providers to charge your selected payment method for recurring fees and related adjustments.

5.2 Auto-Renewal Consent and Pre-Purchase Disclosure. By completing a subscription purchase, you expressly acknowledge and agree that: (a) your subscription will automatically renew on a monthly billing cycle at the then-current rate displayed at checkout; (b) your payment method on file will be charged automatically at the start of each billing cycle without further notice unless required by applicable law; (c) your subscription will continue to renew and you will continue to be charged until you affirmatively cancel through the Billing page in your dashboard; (d) no refunds or credits will be issued for partial billing periods; and (e) you must confirm your understanding of these recurring billing terms via a separate checkbox at each point of purchase. This disclosure is provided in compliance with applicable consumer protection, e-commerce, and auto-renewal laws, including without limitation the Restore Online Shoppers’ Confidence Act (ROSCA), California Automatic Renewal Law (ARL, Cal. Bus. & Prof. Code § 17600 et seq.), and FTC Negative Option Rule. We may update subscription pricing with reasonable advance notice; continued use after the effective date of a pricing change constitutes acceptance of the updated price.

5.3 Amounts and Discounts. Introductory, promotional, referral, coupon, and retention offers may alter first charge and/or recurring charge amounts. Unless expressly stated, offers are limited, conditional, and revocable for abuse. We may correct obvious pricing or billing errors.

5.4 One-Time Retention Offers. We may provide one-time retention pricing adjustments on a subscription. Such offers may be restricted by account, user, email, subscription, risk profile, and prior redemptions.

5.5 Payment Methods. You must keep valid payment credentials on file. We may require payment-method updates to maintain service continuity.

5.6 Processor Dependence. Billing operations rely on third-party systems. We are not responsible for processor outages, declines, network delays, or bank/card decisioning beyond our control.

5.7 Billing Evidence, Verification Records, and Authorization to Disclose. You acknowledge that your purchase and your use of the Services generate an automatic, timestamped record, and you authorize us to compile and present that record in response to any payment dispute, retrieval request, fraud inquiry, pre-arbitration, or arbitration. Those records include, to the extent applicable to your transaction: the cardholder name, billing address, postal code, country, and contact details you supplied at checkout; the card brand, issuing bank identification number, last four digits, and expiry; the authorization code, gateway response code, and network transaction identifier; the address verification (AVS) and card security code (CVV/CSC) results returned by your issuing bank; the IP address and browser user agent recorded at checkout, at each login, and at each order you place on the trading platform; your acceptance of these Terms and of the Privacy Policy, with the version accepted, the date and time, the IP address, and the device; the transactional emails we sent you and their dispatch identifiers, delivery status, and timestamps; your login history and dashboard access history; the time your evaluation account was provisioned; every order, trade, position, and rule event recorded on that account; any reset, upgrade, or additional purchase you made; any cancellation reason you submitted; and your support conversations with us. These records are created automatically by our systems at the moment of the event they describe, in the ordinary course of business, without human entry. You authorize us to disclose these records, including the personal data they contain, to our acquiring bank, our payment processors and payment gateway, the applicable card network, your issuing bank, any dispute-resolution or arbitration body acting under the card network rules, and our legal and compliance advisers, in each case for the purpose of responding to a payment dispute or fraud inquiry, or of complying with card network rules or applicable law. We disclose only what is relevant to the transaction in question. This authorization survives cancellation of your subscription and closure of your account, and remains effective for as long as a dispute may be brought or is pending. Our handling of this data is described in our Privacy Policy.

5.8 How to Cancel. You may cancel your subscription at any time from the Billing page in your account dashboard. Cancellation takes effect at the end of your current billing period. No further charges will be applied after cancellation is processed, and you will retain access through the remainder of the paid period.

5.9 Pre-Renewal Email Notifications. Where a subscription is associated with an inactive, breached, or closed account, we may send a courtesy reminder email to the address on file approximately 72 hours before the next scheduled renewal charge. This notification will include the renewal amount, renewal date, account identifier, and instructions on how to cancel before the charge date. You acknowledge that: (a) these emails are provided as a courtesy and do not create an obligation to send further or different notices; (b) the email address on file at the time of sending is the sole delivery address; (c) non-receipt due to spam filters, full inboxes, invalid addresses, or other factors beyond our control does not affect the validity of the charge; (d) Options Funding retains timestamped proof of email dispatch including message ID, delivery status, and time of sending; and (e) a renewal charge is valid regardless of whether a pre-renewal email was opened or read.

5.10 Post-Renewal Confirmation. After each successful recurring charge, we will send a confirmation email to the address on file containing the amount charged, transaction ID, plan name, and next renewal date. This confirmation serves as your billing receipt. Failure to review or retain this receipt does not affect the validity of the charge or your obligation to pay.

5.11 What Appears on Your Statement. Charges from Options Funding currently appear on your card or bank statement under the descriptor STRIX OPTIONS US. Strix Options is our former trading name. The company, the platform, and the Services are unchanged, our legal entity is Options Funding LLC, and a charge reading STRIX OPTIONS US is a legitimate Options Funding charge for an evaluation subscription, a renewal, a reset, or an activation fee. It is not a separate merchant. We may update this descriptor. If a charge on your statement does not match a purchase you recognize, email [email protected] and we will identify it for you before you dispute it.

6. Payment Failures; Suspension; Closure Rights

6.1 Immediate Restriction on Failure. If a recurring payment fails, we may immediately suspend trading permissions, restrict account actions, and/or mark your account as not in good standing pending successful payment.

6.2 Repeated Failures. For repeated failed payments, we may escalate restrictions, including account closure, subscription termination, cancellation at the payment gateway, and blocking future use.

6.3 Access Gating. While not in good standing, we may block activation, redemption/lifeline actions, and other account privileges even if technical features remain temporarily visible.

6.4 Recovery and Reinstatement. Successful payment may restore some privileges at our discretion, subject to compliance review and any applicable hold periods.

6.5 Post-Cancel or Post-Close Charges. If a charge is captured after cancellation/closure due to processor timing, we may void or refund that charge in our discretion, and log corresponding account events.

7. Cancellation; End-of-Period and Immediate Closures

7.1 User Cancellation. If you cancel, recurring billing stops prospectively; your account may remain active through the then-current paid period and may close at or after period end.

7.2 Operational Scheduling. We may schedule closures for processing at or after the end of the billing period. Processing delays or retries due to technical issues do not waive our closure rights.

7.3 Immediate Closure Events. We may close accounts immediately for serious payment/compliance events, including repeated payment failures, unresolved or lost disputes, fraud indicators, sanctions concerns, or material terms violations.

8. Chargebacks, Disputes, and Payment Reversals

8.1 Dispute Effect. Any Chargeback/Dispute may trigger immediate trading suspension, reward holds, compliance review, and account restrictions.

8.2 Resolution Outcomes. We may resume access if a dispute is resolved in our favor and standing is restored. If a dispute is lost or remains unresolved, we may permanently restrict or close affected accounts and subscriptions.

8.3 Reversals and Offsets. We may reverse prior credits/benefits linked to disputed or refunded transactions, including but not limited to affiliate credits, promotional credits, and reward eligibility effects.

8.4 Administrative Review Window. We may enforce automated or manual closure/remediation for unresolved disputes after an internal review period.

8.5 Related-Account Enforcement. Where permitted by law, a Chargeback/Dispute on any account may be treated as a platform-level risk event, and we may suspend, close, or permanently ban any Related Account.

8.6 No Access While Disputed. During any unresolved Chargeback/Dispute, you are not entitled to program privileges, new account creation, resets/lifelines, promotional benefits, or reward processing unless and until we confirm restored good standing.

8.7 Recovery Rights. To the fullest extent permitted by law, you remain liable for disputed amounts, reversals, processor penalties, and reasonable internal/external recovery costs (including collection costs and attorneys’ fees where recoverable).

8.8 Abuse and Fraud Referrals. We may report suspected payment abuse, friendly-fraud patterns, identity misuse, or coordinated chargeback activity to processors, financial institutions, fraud-prevention networks, law enforcement, and other appropriate parties as permitted by law.

8.9 Cumulative Remedies. Remedies in this Section are cumulative and not exclusive. Our election to apply, delay, or forgo any remedy in one instance does not waive any right in that or any other instance.

8.10 Evidence Retention and Presentation. Options Funding maintains comprehensive, timestamped records of all account interactions, billing events, email communications (including pre-renewal reminders and post-renewal confirmations), login sessions, dashboard activity, Terms of Service acceptance, IP/device fingerprints, trading history, and consent records. You acknowledge and agree that Options Funding may compile and present these records, individually or collectively, as evidence in any chargeback, dispute, arbitration, or legal proceeding. You further acknowledge that your account activity, service usage, and communication history constitute evidence of an ongoing authorized business relationship and valid recurring billing consent.

8.11 Contact Before Dispute. We ask that you contact Options Funding support at [email protected] before initiating a chargeback or dispute with your bank, card network, or payment provider. Most billing concerns are resolved faster this way than through a dispute, and we will review any billing question you raise. Nothing in these Terms limits your right to dispute a charge with your card issuer or payment provider, and exercising that right is not a breach of these Terms and will not by itself result in suspension or closure of your account.

9. Performance Reward Program; Holds; Adjustments

9.1 Separate Program. The performance reward program (including payouts) is separate from and not included in the purchase of evaluation services. Eligibility for the reward program requires successful completion of the evaluation, acceptance into the advanced simulated trading stage (Funded Account) under a separate agreement, satisfaction of then-current program rules, account standing, and any required compliance verifications. No fee paid for evaluation services entitles a user to any reward. Rewards are discretionary incentives based on demonstrated skill in the simulated environment and are not profits, investment returns, wages, or distributions of trading capital.

9.2 Reward Holds. We may hold, delay, reject, reverse, or cancel rewards for payment issues, suspected abuse, dispute events, identity/tax/document deficiencies, trading-rule concerns, sanctions screening, legal requests, operational errors, or risk review.

9.3 Balance and Record Corrections. We may adjust account balances, drawdown references, reward records, and status fields to correct errors, enforce rules, or reflect approved/rejected reward operations.

9.4 Offsets. We may offset or deduct amounts owed to us from present or future rewards, including fees, reversed transactions, dispute losses, penalties, or other obligations allowed by law.

9.5 Timing. Reward timing is estimated only and may vary due to reviews, processor timelines, banking rails, holidays, technical incidents, or legal requirements.

9.6 Geographic Restrictions. Rewards are processed through our banking partner and are subject to international payment restrictions. We are currently unable to send rewards to recipients located in the following countries and regions: Afghanistan, Belarus, Central African Republic, Congo (the Democratic Republic of the), Congo (the), Cuba, Eritrea, Haiti, Iran, Iraq, North Korea (DPRK), Liberia, Mali, Mozambique, Myanmar (Burma), Palestine, Russia, South Sudan, Syria, Ukraine (sanctioned regions), Venezuela, and Yemen. This list may change at any time based on banking partner restrictions, sanctions requirements, and regulatory guidance. Rewards to certain additional countries may require enhanced documentation or extended processing times. Options Funding is not responsible for delays, rejections, or inability to process rewards arising from banking partner restrictions, intermediary bank requirements, or inaccurate recipient information. It is your responsibility to ensure you are located in a jurisdiction where rewards can be received.

9.7 Post-Reward Drawdown Lock. Once a performance reward has been processed on a Funded Account, the trailing drawdown floor is set to the account’s starting balance and remains there for the life of that account. The account continues operating under all other published parameters. If the simulated balance returns to the starting balance from that point on, the account is closed under the standard drawdown rule. This behavior is consistent with the published trailing drawdown lock and applies regardless of the simulated balance at the time the reward is issued.

9.8 Reward Balance Requirement. After a first reward has been paid on a Funded Account, any further reward request requires the account’s withdrawable balance at the time of the request to be at least $1 above the balance at which the previous reward was requested, reduced by any amount the reward cap prevented you from taking on that previous reward, up to the size of that reward. Withdrawable balance is realized cash net of collateral held against open positions, and account equity above that level does not satisfy this requirement.

9.9 Timing of Deduction and Cycle Reset. Submitting a reward request does not reduce the account balance. The reward amount is deducted from the Funded Account at the time the payment is actually sent, in the same operation as the transfer to you. A request that is under review, or approved but not yet sent, has not been deducted, and the account must still be able to cover the amount above its drawdown floor at the moment the payment is sent. The reward cycle restarts when the reward is paid, and that new cycle is measured from the time the request was submitted, so trading days that fall between submission and payment are counted toward the new cycle rather than excluded from both. A request that is cancelled does not restart the cycle.

9.10 Rejected Reward Requests. If a reward request is rejected, the reward amount is removed from the Funded Account balance and is not returned, no payment is sent, and the reward cycle resets as it would on a paid reward. Rejection is distinct from cancellation: a cancelled request is withdrawn before any deduction occurs and leaves the account balance unchanged.

9.12 Qualifying Winning Days Per Reward Cycle. A reward request requires at least 8 qualifying winning days within the current reward cycle. The qualifying winning days are not required to be consecutive. Any 8 qualifying winning days occurring within the current reward cycle satisfy this requirement, in any order and regardless of how many non-qualifying, flat, losing, or non-trading days fall between them; the requirement is a cumulative count within the cycle and is not a streak, and a non-qualifying day does not reduce or reset the count. A qualifying winning day is a trading day that closes with realized profit of at least $100 on a 25K account, $150 on a 50K account, or $200 on a 100K account. The applicable amount is set by account size and is the same on Growth Plan and Express Plan accounts of the same size. A day that closes below the applicable amount, a day that closes flat or negative, and unrealized gains on open positions do not count toward the requirement. The count is kept per reward cycle and returns to zero each time a reward is paid, on the same cycle boundary described in Section 9.9. For an account on which no reward has yet been paid, the first cycle begins when the account is activated. This requirement is in addition to every other condition in this Section, and it replaces none of them.

9.13 Evaluation Requirements. Eligibility for the reward program begins with the evaluation. To pass an evaluation you must reach the published profit target while remaining within the published drawdown limits, and there is no time limit. The evaluation has no minimum trading day requirement, and there is no consistency requirement on either the Growth Plan or the Express Plan, in the evaluation or on a Funded Account.

10. Refunds, Credits, and Non-Refundable Fees

10.1 General Rule. Unless specifically required by applicable law, and except as expressly provided in Section 10.6 (Published Program Refund), all subscription fees, recurring charges, activation-related fees, and similar service fees are final, non-refundable, and non-creditable once charged. This includes, without limitation: the initial subscription charge, all recurring (rebill) charges, charges for breached or closed accounts that had active subscriptions at the time of renewal, and any charge processed on or before the cancellation effective date. You expressly waive any right to a refund except as specifically provided in this Section.

10.2 Discretionary Refunds. We may, at our sole discretion, issue refunds or credits in limited cases such as verified duplicate billing or confirmed processor error. Any discretionary refund does not establish a precedent, create an obligation for future refunds, or constitute an admission of liability.

10.3 Conditional Refund Actions. For refunded transactions, we may apply related account actions, including restrictions, closure, and reversal of transaction-linked benefits/credits.

10.4 No Refund for Service Usage. Except as provided in Section 10.6, you are not entitled to a refund of any subscription fee for any billing period during which you had access to the service, regardless of whether you actively traded, logged in, or otherwise used the platform features. Access to the service constitutes receipt of the service.

10.5 No Refund for Account Breach. Except as provided in Section 10.6, if your account is breached or closed due to violation of trading rules, drawdown limits, or other platform rules, the subscription fee for the current and any previously completed billing period remains non-refundable. Where we close or breach an account under our own trading rules, we cancel the associated subscription at that time and you are not charged again for that account. You do not need to take any action to stop those charges. If you are charged for an account we closed, contact support and we will refund that charge.

10.6 Published Program Refund. The refund below is a published program benefit and is an express exception to Section 10.1. It is part of the program, is issued without a request, and is honored as stated in our published program parameters. For this benefit, the published program parameters control notwithstanding Section 1.2.

(a) Activation Fee Refund. The one-time flat $129 activation fee is charged before a Funded Account you purchased is activated, and the amount that account paid is added back on top of the first Payout processed on it. It is added to the Payout rather than returned to your payment method. If an account never reaches a first Payout, the fee is not returned. An account that never paid the fee, such as a comped or other internally issued account, receives no such credit because no fee was charged. A giveaway account is not in that class: a giveaway starts as a trial and is then charged, so the activation fee applies to it by design and it earns the credit on its first Payout like any other account.

This benefit does not create a right to cancel for a refund. It is earned only when the account actually reaches the milestone stated above. An account that is breached, closed, or never activated before its first Payout receives no activation fee credit.

11. Identity Verification, KYC/AML, Sanctions, and Tax

11.1 Identity Verification. We may require identity documentation (including government ID images and selfie checks) before, during, or after account usage, and especially before reward processing.

11.2 KYC/AML Controls. We may request additional information or documents at any time to satisfy anti-fraud, AML/CTF, sanctions, and financial crime controls.

11.3 Sanctions and Legal Blocks. We may deny service, freeze activity, block rewards, or close accounts where required by sanctions laws, legal process, law enforcement requests, or compliance obligations.

11.4 Tax Documentation. You are responsible for tax obligations and required filings. We may require tax forms and may withhold/report amounts where required by law.

12. Trading Rules and Prohibited Conduct

12.1 Rule Compliance. You must follow all applicable strategy, risk, payout, and account-operation rules published by Options Funding, as amended from time to time.

12.2 Prohibited Activity. Prohibited conduct includes, without limitation: fraud, identity misuse, market abuse, collusion, unauthorized account sharing/copying, rule circumvention across multiple accounts or entities, abuse of processor/platform vulnerabilities, improper or bad-faith Chargeback/Dispute activity, and any conduct we reasonably deem abusive or manipulative.

12.3 Enforcement. We may investigate, restrict, suspend, hold rewards, reverse credits, void trades/benefits, or terminate access based on available data and good-faith determinations.

12.4 Third-Party Platform Compliance. You agree to comply with the terms of service, acceptable use policies, and platform rules of any third-party trading or evaluation platform used in connection with the Services, including without limitation the Rix Platform Terms of Service at rixtrade.com/terms. Violation of third-party platform rules constitutes grounds for payout denial, account termination, forfeiture of simulated trading results, and any other remedies available under this Agreement.

13. Third-Party Providers; Platform Dependencies

13.1 Third-Party Services. We rely on third-party vendors for payment processing, trading systems, account operations, identity checks, banking rails, communications, and infrastructure.

13.2 Provider Failures. We are not liable for independent third-party outages, delays, inaccuracies, denials, policy changes, or service interruptions, though we may attempt reasonable remediation.

13.3 Records and Reconciliation. We may rely on internal logs and third-party records to determine status, enforce rules, and resolve disputes.

14. Data, Privacy, and Security

14.1 Privacy. Data practices are described in our Privacy Policy, which is incorporated by reference.

14.2 Security Measures. We use commercially reasonable safeguards but cannot guarantee absolute security of networks, platforms, or third-party systems.

14.3 Data Use for Enforcement. You authorize us to use account, trading, payment, risk, and compliance data to administer services, enforce rules, detect abuse, and meet legal obligations.

15. Risk Disclosure

15.1 General Trading Risk Information. The following risk information is provided for educational purposes. Options and derivatives trading in real markets involves substantial risk of loss and is not suitable for all individuals. Losses can occur rapidly, and prior performance is not predictive of future outcomes. You should be aware of these risks as part of your trading education, even though Options Funding services operate in a simulated environment.

15.2 Options-Specific Risks. In real markets, options can expire worthless, resulting in total loss of the premium paid. Writers of uncovered (naked) options face potentially unlimited risk. Complex strategies such as spreads, straddles, strangles, and multi-leg positions carry additional unique risks, including the potential for losses that may exceed the original position size. Early assignment risk, changes in implied volatility, time decay, and other factors (“Greeks”) can materially affect option values. It is important that participants read Characteristics and Risks of Standardized Options (the OCC Options Disclosure Document) to understand the risks of the strategies being practiced in simulation.

15.3 No Advice. Nothing provided by Options Funding, whether on the website, dashboard, educational materials, social media, or in communications with staff, constitutes investment, legal, accounting, or tax advice. All information is provided for general informational and educational purposes only. Consult your own professional advisors before making any financial decisions. No employee, staff member, or representative of Options Funding is authorized to provide investment advice or recommendations.

15.4 Simulated & Hypothetical Performance. SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. SIMULATED TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO SIMULATED TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

15.5 Simulation vs. Real-Market Conditions. Simulated and evaluation environments differ materially from real-market conditions in fills, slippage, liquidity, latency, execution quality, and outcomes. Results achieved in a simulated environment are not indicative of results that could be achieved in real-market conditions.

15.6 Electronic Trading Risk. Trading through electronic platforms or order-routing systems exposes you to risks associated with system or component failure, including hardware, software, and network outages. Market data and similar information are provided by third-party service providers, and Options Funding does not guarantee the accuracy, completeness, or timeliness of market data.

15.7 Testimonials. Testimonials, reviews, and performance results appearing on the website, social media, or marketing materials may not be representative of all participants and are not a guarantee of future performance or success. Individual results vary.

16. Suspension and Termination

16.1 Suspension Rights. We may suspend or restrict part or all services immediately, with or without prior notice where permitted by law, for payment risk, dispute activity, rule violations, fraud indicators, security concerns, legal obligations, risk-management considerations, or operational protection.

16.2 Termination Rights. We may terminate accounts/services at our discretion where permitted by law, including for repeated violations, suspected abuse, unresolved risk/compliance concerns, or other material Terms concerns, and including for reasons unrelated to any conduct of the user, such as the discontinuation of a program stage under Section 16.5, our own risk or capital management, or a broker, processor, or regulatory requirement.

16.3 Platform Bans and Related Accounts. For serious payment abuse (including chargeback abuse), fraud risk, or repeated material violations, we may impose permanent platform bans and deny re-entry under the same or any Related Account, identity, payment method, entity, or access profile.

16.5 Program and Stage Discontinuation. We may discontinue, retire, or restructure any stage of the program, or the program as a whole, at any time and in our sole discretion, and may close accounts held at a discontinued stage. A closure under this Section is not a finding of fault, a breach, or a violation, and does not imply any wrongdoing by the user. Where we discontinue a stage for users who qualify to advance, we will notify affected users, tell them what happens to their accounts and to any pending reward request before it happens, and where we offer advancement to a further stage we will say plainly whether continuing at the discontinued stage remains available. Fees already charged are not refunded on a closure under this Section, consistent with Section 10.

16.6 One-Way Advancement. Advancement to the Live stage is permanent and one-way. A Live Program Notice does not by itself close or bar anything: the accounts close, and the restriction in this Section attaches, only when the user accepts the Notice, declines it, or lets it expire, as set out in Section 4.11. Once one of those has happened, the user’s evaluation and Funded accounts close and they may not thereafter open, purchase, or hold an evaluation or Funded account, under the same or any Related Account, identity, payment method, entity, or access profile. This restriction is structural rather than disciplinary: it exists because the Live stage replaces the simulated program rather than running alongside it, and it is separate from the bans described in Section 16.3. If a broker declines to accept the user as an authorized trader, we lift this restriction and restore the accounts that closed.

16.7 No Retroactive Rule Changes. A change to these Terms or to any published program rules applies from the date it takes effect and is not applied retroactively. We will not reopen a completed trading day, retrospectively breach an account that complied with the rules in force at the time, or reduce a reward a user had already become entitled to under the rules then in effect. Section 19A.2 states the specific rights an amendment does not reach.

16.4 Effect of Termination. Termination may include closure of linked/Related Accounts, cancellation of subscriptions, cancellation of pending rewards where permitted by law, continued holds/offsets, denial of future services, and preservation of records for legal/compliance purposes.

17. Limitation of Liability; Indemnification

17.1 Liability Cap. TO THE MAXIMUM EXTENT PERMITTED BY LAW, Options Funding’S TOTAL AGGREGATE LIABILITY FOR CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS SHALL NOT EXCEED THE TOTAL FEES PAID BY YOU TO Options Funding IN THE TWELVE (12) MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM.

17.2 Excluded Damages. TO THE MAXIMUM EXTENT PERMITTED BY LAW, Options Funding SHALL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES.

17.3 Indemnity. You agree to indemnify and hold Options Funding, its affiliates, and personnel harmless from claims, losses, liabilities, and expenses arising from your breach, misuse, unlawful conduct, or third-party rights violations.

17.4 Enforcement Costs. To the fullest extent permitted by law, if we must enforce these Terms against payment abuse, fraud, or recovery obligations, you are responsible for reasonable enforcement and recovery costs, including third-party collection and legal costs where recoverable.

18. Governing Law; Dispute Resolution

18.1 Governing Law. These Terms are governed by Pennsylvania law, without regard to conflict-of-law principles.

18.2 Arbitration and Class Waiver. Except where prohibited by law, disputes shall be resolved by binding arbitration in Pennsylvania under AAA rules. Arbitration must proceed on an individual basis only. To the fullest extent permitted by law, you and Options Funding waive jury trial rights and any right to bring or participate in class, collective, consolidated, representative, private-attorney-general, or mass-action proceedings. The arbitrator shall have exclusive authority to resolve any dispute relating to the interpretation, enforceability, or validity of this arbitration provision.

18.3 Informal Resolution First. Before filing arbitration (or a court claim where arbitration is unavailable), the claimant must send written notice describing the dispute and requested relief to [email protected] and allow thirty (30) days for good-faith resolution discussions.

18.4 Time Limit for Claims. To the fullest extent permitted by law, any claim arising out of or relating to these Terms or the Services must be filed within one (1) year after the claim arose, or it is permanently barred.

18.5 Equitable Relief. Nothing prevents either party from seeking temporary or injunctive relief in a court of competent jurisdiction to prevent immediate harm, unauthorized access, misuse, fraud, or IP/confidentiality violations.

19. Miscellaneous

19.1 Force Majeure. We are not liable for delays/failures caused by events beyond reasonable control, including outages, provider failures, cyber incidents, and government actions.

19.2 Assignment. You may not assign these Terms without our written consent. We may assign these Terms in connection with financing, merger, sale, or restructuring.

19.3 Survival. Provisions that by their nature should survive termination will survive, including payment obligations, offsets, dispute/chargeback remedies, indemnification, limitation of liability, and dispute resolution provisions.

19.4 Severability; Waiver. If any provision is unenforceable, remaining provisions remain effective. A failure to enforce any provision is not a waiver.

19.5 Interpretation. Headings are for convenience only and do not limit interpretation. References to rights/remedies are cumulative and non-exclusive.

19A. Amendment; Vested Rights; Suspension and Termination for Cause

19A.1 Prospective Amendment. Options Funding may amend these Terms, the Program Rules and any published rule set at any time and in its sole discretion, including for risk, compliance, legal, brokerage or business reasons. An amendment takes effect when it is posted with a stated effective date, or on the date stated in a notice. Continued use of the Services or of any account after the effective date constitutes acceptance. Sections 1.3 and 1.4 describe how we post and notify; this Section states the right itself.

19A.2 Vested Rights. An amendment does not apply to a Payout request properly submitted and pending before the effective date, to a decline settlement already owed under Section 4.11 of these Terms or under Section 8A of the Live Trader Agreement, or to a Live Trader Agreement already executed. Each of those is governed by the rules in effect when it arose. This Section limits Section 19A.1 and every other amendment or modification right stated in these Terms, and it stands alongside Section 16.7.

19A.3 Suspension and Termination for Cause. Separately and at any time, Options Funding may suspend or close any account, halt trading, or withhold a Payout pending investigation where it reasonably believes there has been a rule violation, manipulation of the simulated environment, prohibited trading, fraud, chargeback activity, identity misuse, or where a legal, brokerage or regulatory requirement applies. No notice period applies to action under this Section. This Section is a power to act on an account rather than a power to amend, and nothing in Section 19A.1 or Section 19A.2 limits it.

20. Contact

For billing, support, compliance, and legal inquiries:

Email: [email protected]

For program-specific trading constraints, see our Trading Rules. For personal data handling, see our Privacy Policy.

21. SMS / Text Messaging Program

21.1 Consent. If you opt in, you agree to receive recurring automated text messages from Options Funding LLC (optionsfunding.co) at the mobile number you provide, about your affiliate giveaways and rewards. These messages include: notice that a giveaway has been issued to your account, along with the flyer you can share; reminders to post that giveaway and to draw your winners before the funded accounts expire; confirmation once your winners are drawn; and occasional promotional flyers you can share with your audience. Consent to receive texts is not a condition of any purchase or of participation in the affiliate program. Opt-in is collected through a separate box that is not pre-checked, on our affiliate signup form, in the affiliate agreement, and in the affiliate dashboard.

21.2 Message Frequency and Rates. Message frequency varies and is driven by your own activity, typically a few messages per giveaway issued to you. Message and data rates may apply.

21.3 Help. For help, reply HELP or email [email protected].

21.4 Opt-Out. You can cancel at any time by replying STOP. After you reply STOP, you will receive one confirmation message and no further texts to that number. You can also turn texts off from the SMS setting in your affiliate dashboard.

21.5 Carriers and Privacy. Carriers are not liable for delayed or undelivered messages. We do not sell or share your mobile opt-in information or phone number with third parties or other affiliates for their own marketing. See our Privacy Policy for details.