Terms & Disclosure Agreement

1. 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 determine eligibility.
• “Funded Account” means a live trading account in which Strix provides the trading capital.
• “Instant Funding” means any product that grants funding without completing a prior evaluation, subject to its own fees and eligibility terms.
• “Activation Fee” means any one-time fee associated with activating a funded account (may be waived for some accounts).
• “Evaluation Fee” means the recurring subscription fee charged while a trader is in an evaluation program.
• “Third Parties” include service providers such as Stripe, Plaid, Mercury, TickSage, and other vendors.
• “Prohibited Jurisdictions” includes any country or region sanctioned by the U.S. government or where providing services would expose Strix to legal/regulatory risk.

2. Acceptance; Changes; Entire Agreement

2.1 Acceptance. By creating an account, paying fees, or otherwise using any Strix service, you accept and agree to this Agreement and all referenced policies, disclaimers, and published rules (including the Rules PDF uploaded by you to Strix).

2.2 Changes. Strix may amend this Agreement at any time. Material changes will be posted to our site with an updated Effective Date and—where required by applicable law—notifications will be provided. Continued use after posting constitutes acceptance of the revised Agreement.

2.3 Entire Agreement. This Agreement, together with our Privacy Policy and any published Program Rules or FAQs, constitutes the entire agreement between you and Strix. In case of conflict, this Agreement controls.

3. Eligibility & Account Registration

3.1 Eligibility. You must be at least 18 years old (or the legal age of majority in your jurisdiction) and capable of entering into a binding contract. You must provide accurate, complete, and current registration information.

3.2 Lawful Use. You certify that use of Strix services is lawful where you reside. We will not provide services to individuals or entities in sanctioned jurisdictions or where prohibited. Strix reserves the right to refuse, suspend or terminate accounts at our discretion.

3.3 Account Security. You are responsible for safeguarding your login credentials and all activity on your account. Notify Strix immediately of unauthorized use. Strix is not liable for losses resulting from compromised credentials when you fail to take reasonable care.

4. Services Overview

4.1 Evaluation Program. Traders participate in a simulated evaluation to demonstrate skill and adherence to risk rules. The evaluation is conducted in a paper trading environment. Standard rules (profit target, drawdown limits, trading windows, permitted instruments) apply.

4.2 Funded Accounts. Upon passing the evaluation (or purchasing instant funding), Strix will grant a Funded Account that uses Strix capital. Traders execute live trades in a designated brokerage account (setup details provided after funding). Traders do not deposit personal trading capital into funded accounts.

4.3 Instant Funding. Some products permit immediate access to funded capital upon payment. Instant-funded accounts are subject to the same trading rules and may have different fee structures.

4.4 Program Rules. Specific program parameters (size of the account, profit target, drawdown, max position size, permitted instruments, session hours) are published in the program rules and trader dashboard. You must comply with all program rules; Strix may modify parameters in its discretion.

5. Fees; Billing; Activation

5.1 Evaluation Fee. Evaluation Fees are recurring (e.g., monthly). Charges are non-refundable except as required by law. You may cancel subscription to prevent future charges; cancellation does not entitle you to a refund for periods already billed.

5.2 Activation Fee. Upon qualification, certain account types require an Activation Fee, which will normally be deducted from the trader’s first payout. Some account tiers may waive the Activation Fee—these terms will be disclosed at signup.

5.3 Payment Processing. Payments are processed via third-party processors (e.g., Stripe). You authorize Strix and its payment processors to charge your chosen payment method. Any payment disputes or chargebacks must first be addressed with Strix; repeated chargebacks may result in account suspension and forfeiture of access.

5.4 Taxes and Fees. You are responsible for any taxes on amounts you receive. Strix may be required to withhold taxes or collect tax documentation. See Section 6.

6. Payouts; Profit Split; Taxes

6.1 Profit Split. Net trading profits are split 80% to the trader and 20% to Strix, unless otherwise specified for a particular product. Net profits equal gross trading profits minus commissions, fees, and chargebacks.

6.2 Payout Schedule. Strix will process payouts generally within five (5) business days after the end of the payout calculation period. Strix may require additional time to validate, process KYC/AML, or complete banking transfers; Strix reserves reasonable flexibility (but will act in good faith).

6.3 Activation Fee Deduction. If applicable, the Activation Fee will be deducted from the trader’s first payout.

6.4 Payout Methods. Payouts are made via third-party banking providers (e.g., Mercury) or other payment rails at Strix’s discretion. You must provide accurate payout banking details; Strix is not liable for payouts sent to inaccurate or outdated banking information you provide.

6.5 Taxes & Reporting. For U.S. taxpayers, Strix may require tax forms (W-9, W-8BEN, or applicable forms) and will report payments to tax authorities as required by law. Non-U.S. traders may be subject to local tax laws. Plaid or other providers may be used to securely collect tax and bank information. Strix may withhold payouts if required by law or to satisfy tax obligations.

7. Trading Rules & Prohibited Conduct

7.1 General Rules. Traders must follow all program rules published on the dashboard. You must trade in good faith and follow sound risk management consistent with the program’s objectives.

7.2 Prohibited Conduct. The following activities are strictly prohibited and may result in immediate account suspension, forfeiture of funds, and legal action:

1. Market manipulation or collusive trading to exploit program rules.
2. Latency abuse, quote-stuffing, high-frequency manipulation, or systemic latency arbitrage.
3. Using multiple accounts to subvert rules, or hedging across multiple Strix accounts or other prop firms to reduce risk illicitly.
4. Copy trading where another trader executes on your account without approval.
5. Using stolen identities, falsified records, or otherwise attempting fraud.
6. Trading in instruments or strategies banned by Strix or your program terms.
7. Violating brokerage or exchange rules.

7.3 Enforcement. Strix may investigate suspicious activity, void trades, freeze or close accounts, and retain or deduct funds where rules are violated. Determinations by Strix, made in good faith and using available records, are final.

8. Trading Platforms & Third-Party Services

8.1 Third-Party Providers. Strix uses third-party services to operate (including but not limited to: Stripe for payment processing, Plaid for bank/tax/KYC collection, Mercury for payouts, TickSage for evaluation and paper trading, hosting and analytics providers). You agree that these vendors have access to the data necessary to perform their services.

8.2 TickSage & Trade Data. TickSage is the primary system used to record and store simulation and evaluation trade data. Strix does not store raw trade execution data — TickSage stores that data on behalf of Strix. Strix may receive performance metrics from TickSage sufficient to determine account qualification, but Strix does not maintain the underlying tick-level or execution-level records.

8.3 Third-Party Terms. You agree to comply with applicable third-party provider terms and the respective platform’s acceptable use policies. Strix is not responsible for the independent practices, security, or failures of third-party providers.

9. Data, Privacy & Security

9.1 Privacy Policy. Strix collects minimum personal data (name, email) on registration and collects KYC/tax data only when required (typically prior to a payout). Data handling and privacy practices are described in the separate Privacy Policy posted on the website.

9.2 Security. Strix implements commercially reasonable security measures to protect personal and financial information. However, no system is invulnerable. You acknowledge internet and third-party provider risks and agree Strix is not liable for unauthorized access resulting from your negligence or third-party breaches.

9.3 International Transfers & Compliance. Because Strix operates globally from Pennsylvania, your data may be transferred to and processed in the U.S. and other jurisdictions. Strix will apply appropriate safeguards for international transfers where required by law.

10. AML / KYC / Sanctions Policy

10.1 KYC/AML. To comply with anti-money-laundering and counter-terrorism financing laws, Strix may require identity verification (government ID), proof of address, tax forms, and bank verification prior to payouts. We may use Plaid or similar vendors for secure collection. Failure to provide requested documentation may delay or forfeit payouts.

10.2 Sanctions & Prohibited Persons. Strix will not provide services to any person or entity on sanctions lists (including OFAC, EU, UK, or other applicable lists). If Strix determines that you are on such a list or are transacting in violation of sanctions, Strix will block activity and cooperate with authorities as required.

10.3 Reporting & Cooperation. Strix may report suspicious activity or withhold funds if required by law, or to comply with law enforcement or regulatory requests.

11. Risk Disclosure & Acknowledgements

11.1 Trading Risk. Trading options and derivatives is inherently risky. Market conditions can cause rapid and substantial losses. Even when trading with Strix capital, you may incur losses and be subject to program consequences.

11.2 No Investment Advice. Nothing on the site or in Strix communications constitutes financial, investment, tax, or legal advice. You are solely responsible for your trading decisions.

11.3 Simulated vs. Live Trading. Simulated results are not predictive of live trading outcomes; TickSage simulation may not replicate slippage, latency, fills, or market conditions exactly.

11.4 No Guarantee. Strix does not guarantee profits or funding after evaluation; passing depends on meeting program rules in effect during your evaluation period.

12. Refund Policy

12.1 Evaluation Fees. Evaluation Fees are non-refundable except where required by law or Strix’s discretion. Canceling a recurring evaluation subscription prevents future billing but does not produce retroactive refunds.

12.2 Activation Fee & Instant Funding. Activation Fees and instant funding fees are non-refundable once paid, except as required by law or as otherwise specified for a particular product.

12.3 Refund Exceptions. In limited circumstances (billing error, duplicate charge, demonstrable processing failure), Strix may issue refunds or credits. Any refund determinations are at Strix’s sole discretion, subject to applicable consumer laws.

13. Limitation of Liability & Indemnification

13.1 Limitation of Liability. TO THE MAXIMUM EXTENT PERMITTED BY LAW, STRIX’S TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THIS AGREEMENT SHALL NOT EXCEED THE TOTAL FEES PAID BY YOU TO STRIX IN THE SIX (6) MONTHS IMMEDIATELY PRECEDING THE CLAIM. IN NO EVENT SHALL STRIX BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES.

13.2 Indemnification. You agree to indemnify and hold Strix and its officers, directors, employees, affiliates and agents harmless from any claims, liabilities, losses, damages, or expenses (including attorneys’ fees) arising from your breach of this Agreement, negligent or willful misconduct, or violations of law.

14. Termination; Suspension; Account Closure

14.1 Termination. Strix may suspend or terminate your access for violations, security concerns, regulatory requirements, or at our discretion. Termination does not relieve you of outstanding obligations (fees, indemnification).

14.2 Account Closure & Funds. On termination, Strix will calculate any payable amounts subject to verification, outstanding obligations, and rights to withhold per law or program rules. If termination results from your breach, Strix may forfeit pending payouts where allowed by contract and law.

15. Dispute Resolution; Governing Law

15.1 Governing Law. This Agreement is governed by the laws of the State of Pennsylvania, without regard to conflict-of-law principles.

15.2 Arbitration; Waiver of Class Actions. Except where prohibited by law, disputes shall be resolved by binding arbitration in Pennsylvania under the rules of the American Arbitration Association (AAA). You and Strix each waive the right to a jury trial and to participate in class actions or representative proceedings. Arbitration award may be entered in any court of competent jurisdiction.

15.3 Injunctive Relief. Nothing in this section prevents Strix from seeking injunctive or equitable relief in courts of competent jurisdiction when necessary to protect intellectual property or prevent imminent harm.

16. Intellectual Property

16.1 Ownership. All content, trademarks, logos, software, and materials on Strix’s platform are the property of Strix or licensors. You are granted a limited, non-exclusive license to access and use the platform for permitted purposes.

16.2 User Content. By submitting content (e.g., support requests, forum posts), you grant Strix a worldwide, perpetual, royalty-free license to use, reproduce, and display such content.

17. Miscellaneous

17.1 Force Majeure. Strix is not liable for delays or failures resulting from causes beyond reasonable control (acts of God, war, labor disputes, internet disruptions, third-party failures).

17.2 Assignment. You may not assign your rights or obligations without Strix’s prior written consent. Strix may assign this Agreement as part of a corporate transaction.

17.3 Notices. Strix may provide notices by posting on the site or emailing your registered email address. Legal notices required to be served may be sent to Strix’s address listed below.

17.4 Severability. If any term is held invalid or unenforceable, remaining provisions remain in full force.

17.5 Interpretation. Headings are for convenience only and do not affect interpretation.

18. Contact Information

For privacy, billing, support, and legal inquiries:

Email: [email protected]