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P1 Futures LLC ("P1 Futures," "we," "us," or "our") provides a skill-assessment and performance-based funding program in a simulated futures trading environment. This Statement describes the risks associated with our services. Please read it carefully before purchasing or using the Platform.

Because our program operates in a simulated environment, you are not trading your own capital in live markets, and a substantial portion of the financial risk present in live trading is removed. Your financial exposure to P1 Futures is limited to the fees you pay. Even so, trading carries real risks, and simulated trading has important limitations you must understand.

By using the Platform, you acknowledge and accept the matters in this Statement.

All Accounts operate in simulation. Your orders are not routed to any exchange and do not create positions in live markets. This removes real financial risk on your trades, but it also means the experience differs from live trading in ways that matter:

- Execution differs. Fills, slippage, order queue priority, and liquidity in a simulated environment may not
match how the same order would behave in a live market.
- Market behavior differs. Trading hours, available instruments, volatility, and market dynamics in simulation may differ from live conditions.
- Emotional and psychological factors differ. Without real money at risk on each trade, decision-making can differ from live trading. Traders may take on more risk, over-trade, or behave with less discipline than they would with their own capital at stake.

Success in the simulated environment does not guarantee, indicate, or predict success in live trading. You should treat the Platform as a skill-assessment and learning tool, not a forecast of real-market results.

Passing an Evaluation, receiving a Funded Account, or generating simulated profit does not guarantee any Payout, income, or continued access. Most participants do not pass evaluations, and most funded participants do not achieve sustained results.

Nothing on the Platform is a promise or guarantee of earnings. Any figures, examples, or testimonials are illustrative, may not represent typical results, and are not a guarantee of future performance.

Even in simulation, the strategies you develop relate to futures trading, which involves substantial risk and is not suitable for everyone. If you go on to trade in live markets, whether through P1 Futures or elsewhere, you should understand the following:

- You can lose money rapidly. Trading with limited resources or experience is generally not appropriate. You should be prepared to lose all funds committed to live trading, and you should never use money you cannot afford to lose, including retirement savings, borrowed funds, emergency funds, or money needed for living expenses.
- Leverage magnifies losses. Futures are leveraged instruments. In live markets, losses can exceed your initial deposit, and you may be required to add funds to maintain positions.
- Costs add up. Frequent trading generates commissions and fees that can materially reduce or eliminate profitability, even at low per-trade rates.
- Be skeptical of profit claims. Be cautious of any advertisement or statement promising large or easy profits from trading. Large, immediate losses are also possible.
- Markets can move against you fast. Volatility, exchange halts, gaps, and low-liquidity conditions can prevent timely execution and can occur without warning.

All content provided by P1 Futures and its affiliates is general information only. None of it is (a) investment, trading, financial, tax, or legal advice, (b) an offer or solicitation to buy or sell any security, futures contract, or other instrument, or (c) a recommendation, endorsement, or sponsorship of any security, company, fund, or strategy.

You are solely responsible for your own decisions. You should consult your own qualified advisers before making any financial decision. Any use of information provided by P1 Futures is at your own risk, and P1 Futures and its partners, representatives, agents, employees, and contractors assume no responsibility or
liability for any use or misuse of that information.

P1 Futures is not a broker, dealer, futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, investment adviser, or bank, and is not registered with the U.S. Commodity Futures Trading Commission, the National Futures Association, the U.S. Securities and Exchange Commission, or any similar body. We do not execute trades in live markets on your behalf and do not hold customer funds
for investment.

The Platform depends on software, hardware, data feeds, internet connectivity, and third-party providers. System failures, connectivity problems, delays, and data inaccuracies can occur and may affect your
experience and your results. Exchange halts and connectivity issues can occur as part of ordinary market conditions and are outside our control. We do not provide compensation for outcomes resulting from these events except as expressly stated in the Terms. You are responsible for the adequacy of your own equipment and connection.

If you provide investment advice to, or manage accounts for, other people, you may be required to register as an investment adviser under the Investment Advisers Act of 1940, or as a broker or dealer under the Securities Exchange Act of 1934, and you may be subject to state-level registration. You are responsible for your own compliance with any such requirement.

P1 Futures LLC
Contact: trade@p1futures.com Website: www.p1futures.com
P1 Futures LLC. Privacy Policy Version 1.0.

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