Risk Disclosure

Simulation comes first

All current Black Vault evaluation and Simulated Funded Accounts are simulated. Any future live trading program will be a separate program governed by separate eligibility, onboarding, agreements, disclosures, and the account documents and requirements of the outside broker and other providers established for that program. Participation in or purchase of a current program does not create a live brokerage account or guarantee future live-program access. An evaluation fee purchases time-limited digital access to a rules-based educational evaluation service. It is not a deposit, investment, brokerage fund, or contribution of trading capital. Simulated balances and profits are not customer-owned cash and cannot be withdrawn. A “Vault Payout” means a company-funded contractual program payment determined only under the published rules; it is not a withdrawal or redemption of simulated funds.

Futures and leveraged trading involve substantial risk. The evaluation is educational and simulated, but habits or decisions formed in simulation may not transfer to live markets.

Hypothetical performance limitations

Hypothetical or simulated results have inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Because trades have not been executed, results may understate or overstate the effects of market factors such as liquidity, slippage, latency, commissions, rejected orders, and the ability to follow a trading program despite losses. No representation is made that any account will achieve results similar to those shown.

Technology and data risk

Internet, device, platform, market-data, exchange, and provider services can be delayed, interrupted, inaccurate, or unavailable. A dashboard display is informational and may temporarily lag the provider’s authoritative record. Traders must monitor platform messages, account status, and risk controls. Black Vault may pause service to protect users or data integrity.

No advice or guarantee

Black Vault does not provide investment, commodity trading, legal, accounting, or tax advice. Content, dashboards, leaderboards, Arena results, and educational material are not individualized recommendations. Passing an evaluation, receiving a Simulated Funded Account, appearing on a leaderboard, or receiving a prior Vault Payout does not guarantee future performance or payment.

Read the complete rules

Before purchase and trading, review the Evaluation Rules, Simulated Account Disclosure, Provider Disclaimer, and the product-specific order review.