Terms & Conditions

INTRODUCTION AND ACCEPTANCE

About These Terms

P1 Futures is operated by P1 Futures LLC, a Texas limited liability company. In these Terms, “P1 Futures,” “P1,” “we,” “us,” and “our” refer to P1 Futures LLC.

Our website, dashboard, applications, and related services are collectively called the “Platform.”

These Terms form a legally binding agreement between P1 Futures and each person who accesses or uses the Platform. They apply to your account, purchases, evaluations, funded accounts, trading activity, payouts, and use of our services.

Accepting These Terms

By creating an account, making a purchase, or using the Platform, you confirm that:

• You have read and agree to these Terms.
• You are at least 18 years old and legally able to enter into this agreement.
• You are not a citizen or resident of a Restricted Jurisdiction and are not accessing the Platform from one.
• The information you provide is accurate and complete.
• Your use of the Platform complies with the laws that apply to you.

You must check the acceptance box during checkout before completing a purchase. We may record the date, time, and IP address connected to your acceptance and keep that information as proof of your agreement.

Other Policies That Apply

The following documents are part of these Terms:

• Privacy Policy
• Refund and Liability Policy
• Risk Disclosure Statement
• Trading Rules and account specifications published on the Platform
• Restricted Jurisdictions list

If these Terms conflict with another policy, these Terms control unless the other policy clearly says otherwise.

Changes to These Terms

We may update these Terms by publishing a revised version on the Platform. We will maintain dated copies of earlier versions.

Changes to general Platform terms may apply when they are published. However, changes to Trading Rules do not normally change the rules for an account you already purchased. The Account Grandfather Clause in Section 12 explains this protection.

Continuing to use the Platform after an update means you accept the revised Terms for your general use of the Platform and for future purchases.

2. Important Definitions

Account: An Evaluation or Funded Account issued through the Platform.

Account Balance: The Starting Balance, adjusted for realized profits, realized losses, and Payouts.

Evaluation: A simulated trading program used to measure whether you can meet specific trading objectives and qualify for a Funded Account.

Funded Account: A simulated account issued after you pass an Evaluation or purchased directly through P1 Instant. An eligible trader may request real Payouts based on simulated performance.

Maximum Loss Limit or MLL: The lowest equity your Account may reach before it is closed.

Payout: A real payment representing your share of eligible profits from a Funded Account.

Restricted Jurisdiction: A country, territory, or region included on the Restricted Jurisdictions list published on the Platform.

Starting Balance: The simulated opening balance assigned to an Evaluation or Funded Account.

Trading Rules: The objectives, account limits, risk requirements, and conduct rules that apply to your Account.

3. Eligibility and Restricted Jurisdictions

General Requirements

To use P1 Futures, you must:

• Be at least 18 years old.
• Have the legal ability to enter into this agreement.
• Register as an individual person.

Accounts cannot be opened or held by corporations, partnerships, trusts, or other legal entities.

You also confirm that:

• You have not been convicted of a felony.
• You have not been disciplined by the National Futures Association.
• You have not been disciplined by the U.S. Commodity Futures Trading Commission.
• You do not owe an outstanding balance to a trading or proprietary trading firm.

You must tell us immediately if any of these statements become untrue.

Restricted Persons

The following people may not hold an Account without prior written approval from the founders of P1 Futures:

• Members, owners, officers, or directors of P1 Futures LLC
• Anyone with an economic ownership interest in P1 Futures LLC
• Current or former P1 Futures employees or contractors

Affiliates and marketing partners may hold Accounts under the same general terms as other traders, subject to these Terms and their affiliate agreement.

If you become a Restricted Person after opening an Account, you must notify us immediately.

Location Restrictions

We do not provide services to anyone who:

• Is a citizen of a Restricted Jurisdiction
• Lives in a Restricted Jurisdiction
• Is physically located in a Restricted Jurisdiction

These three factors are considered separately.

You may not access the Platform or place trades while visiting a Restricted Jurisdiction. You also may not use a VPN, proxy, or similar method to hide or misrepresent your location.

Our Restricted Jurisdictions list may change as sanctions requirements and risk assessments change.

If You Are Ineligible

If we determine that you are not eligible, we may:

• Suspend or close your Account
• Cancel pending Payouts
• End this agreement

When sanctions or other laws apply, we will take any action legally required regardless of other provisions in these Terms.

Export Controls and Sanctions

The Platform and its technology are subject to U.S. export-control and economic-sanctions laws, including rules administered by the Office of Foreign Assets Control.

You confirm that you are not located in, ordinarily living in, or a national of a comprehensively sanctioned country or region. You also confirm that you are not included on a government sanctions or restricted-party list.

You may not use the Platform to transfer software, technology, or data in violation of export-control or sanctions laws.

4. Registration, Verification, and Account Limits

Registration and Security

You must provide accurate registration information and keep it current.

You are responsible for protecting your login credentials and for activity taking place through your Account.

Identity Verification

Identity verification is required. We may request it at any stage and will require it before releasing a Payout.

Verification may include:

• Government-issued photo identification
• Proof of address
• Biometric or liveness verification
• Sanctions and watchlist screening

Verification may be handled by P1 Futures or by a service provider working for us.

Until verification is complete, we may:

• Decline additional purchases or resets
• Delay issuing another Account
• Withhold Payouts
• Suspend access to Funded Accounts

You must complete verification yourself. Allowing another person to complete or interfere with your verification is a serious breach that may result in immediate termination.

One Person, One Identity

You may have only one verified identity on the Platform.

You may not create or control an account using another person’s name, information, or identity documents.

Funded Account Limit

You may hold no more than five Funded Accounts at one time.

The same five-account limit applies to each household. A household generally includes people sharing a residential address. We may also consider shared devices, IP addresses, and payment methods when determining whether accounts belong to one household.

Accounts Cannot Be Transferred or Combined

Your Account is personal to you. You may not:

• Sell or transfer it
• Assign or lease it
• Share it with another person
• Allow another person to trade it

Accounts are reviewed separately. Results, trading history, performance, rules, or data from one Account cannot be transferred to or combined with another Account.

Competitor Access

Without our written permission, you may not use the Platform if you operate or work for a competing business.

You also may not use the Platform to monitor, benchmark, study, or compare its performance or features for a competitive purpose.

Unusually High Order Volume

If you place an unusually large number of orders for P1 services within a short period, we may pause further orders while we investigate.

If the activity suggests payment fraud, card testing, or other prohibited conduct, we may cancel the purchases, close the Accounts, and end this agreement.

Payment Methods

You must use a payment method in your own name.

Payments from another person may be rejected and may result in cancellation of the purchase or closure of the Account.

5. What P1 Futures Provides

Simulated Trading

P1 Futures provides a skill-assessment and performance-based funding program.

Every Account, including every Funded Account, operates in a simulated environment using live market data. Your orders:

• Do not create positions on a real exchange
• Are not sent to an exchange
• Are not matched with real counterparties
• Do not place P1 Futures’ capital into the market

Account profits and losses are simulated. Approved Payouts are real payments calculated using your simulated performance.

Important Simulated-Performance Notice

Hypothetical and simulated results have limitations. They do not represent actual trading and may not accurately reflect liquidity, slippage, market conditions, financial pressure, or the effect of real losses.

Simulated results may also benefit from hindsight. We do not promise that any Account will achieve profits or losses similar to results previously shown.

Simulated Balances Are Not Real Funds

The Starting Balance and all balances displayed in your Account are fictitious. They are not:

• Cash or property belonging to you
• A deposit held for you
• Credit available for withdrawal
• Money that can be transferred or invested

You may only use the simulated balance inside the Platform. Your only right to receive money from P1 Futures is through an approved Payout under these Terms.

Closing an Account ends any claim connected to its simulated balance. You do not owe P1 Futures for simulated trading losses.

P1 Futures Is Not a Financial Institution

trading advisor, commodity pool operator, investment adviser, bank, or money-services business.

We do not:

• Accept deposits of trader capital
• Hold customer investment funds
• Manage money for customers
• Execute exchange orders for you
• Provide investment, trading, tax, or legal advice

Fees purchase access to our services. They are not deposits, investments, or trading capital and do not give you ownership of P1 Futures or its assets.

No Employment or Partnership

These Terms do not create an employment, agency, partnership, fiduciary, trust, or joint-venture relationship.

If you receive Payouts, you receive them as an independent contractor. You are responsible for related taxes and may have to provide tax forms such as Form W-9 or Form W-8BEN.

Neither you nor P1 Futures may create obligations on behalf of the other.

Third-Party Services

The Platform relies on independent companies, including:

• Trading-platform providers
• Market-data providers
• Payment processors
• Payout providers
• Technology and execution-infrastructure providers

Your use of those services may also be governed by their terms and privacy policies. You are responsible for reviewing them.

We are not responsible for the availability, performance, actions, or failures of an independent third-party provider.

Trading and Performance Data

We collect and create data connected to your Platform activity, including trading records, account history, and performance measurements.

You give P1 Futures a worldwide, perpetual, royalty-free right to store, reproduce, review, analyze, use, and disclose that data for lawful business purposes. These purposes may include:

• Risk management
• Fraud prevention
• Product development
• Statistical reporting
• Working with affiliates, service providers, and professional advisers

Public statistical or aggregated data will not identify you individually.

This permission continues after your Account closes. You are not entitled to compensation for our use of the data. Personal information remains subject to our Privacy Policy.

6. Products, Fees, and Payments

P1 Reserve Evaluation

After passing a P1 Reserve Evaluation, you must pay a $109 activation fee before receiving the Funded Account.

P1 Elite Evaluation

There is no activation fee after passing a P1 Elite Evaluation.

P1 Instant Evaluation

P1 Instant provides a Funded Account immediately after purchase. There is no Evaluation.
Prices above are after 30% OFF Coupon Code has been applied.

Fee Structure

Products are sold for a one-time fee. There is no recurring subscription and no deadline for completing an Evaluation.

Resets

If your Account closes because it reached its Maximum Loss Limit, you may be able to purchase a reset.

A reset restores the Starting Balance, Maximum Loss Limit, and original Trading Rules. Reset prices are based on the price displayed when the reset is purchased.

Changing reset prices will not affect a reset you already purchased.

Taxes and Other Charges

Prices are listed in U.S. dollars and do not include taxes, duties, bank charges, or similar costs. You are responsible for those amounts.

We may change product pricing, promotions, and availability. Changes do not affect completed purchases.

Pricing or Product Errors

If a price, discount, or product description was published by mistake, we may correct the mistake and cancel the affected order, even after payment was processed.

If we cancel an order for this reason, we will notify you and refund the full amount charged within a reasonable period. We will not use this provision to change the price of a valid completed purchase.

Discount Codes

Unless a specific promotion says otherwise:

• Eligible customers may use a code more than once.
• Codes only apply to the products and sizes stated.
• Codes cannot be combined with another promotion.
• Codes have no cash value.
• Codes may not be sold or transferred for value.
• We may change or end a promotion without affecting completed purchases.

You may not:

• Use a code outside its stated terms
• Sell or commercially exploit a code
• Combine codes or use one to bypass another promotion
• Exploit an error or loophole in how a code works
• Falsely present yourself as a P1 affiliate or partner

If a code is misused, we may cancel the order, charge the unpaid price difference, close the Account without a refund, or end a related affiliate arrangement.

If a specific code has terms that conflict with this section, the terms for that code control.

Affiliate and Referral Fraud

Affiliate and referral activity must represent genuine customers.

You may not:

• Refer yourself or an account you control
• Create fake customers or affiliate identities
• Coordinate sign-ups to generate improper commissions
• Farm discount codes, commissions, or bonuses
• Manufacture activity for the purpose of earning commissions

We may withhold or reverse affected commissions, close related Accounts without a refund, terminate the affiliate relationship, and recover amounts already paid.

7. EVALUATION TERMS

To pass an Evaluation, you must:

• Reach the Profit Target for your Account size
• Stay above the Maximum Loss Limit
• Follow all Trading Rules
• Avoid prohibited conduct

There is no minimum or maximum number of days for completing an Evaluation. Funded Accounts have separate Payout eligibility requirements.

After you meet the Evaluation objectives, we may review the Account for compliance. You must also complete identity verification and pay any applicable activation fee.

If the review identifies prohibited conduct, we may refuse to issue a Funded Account. We will provide the reason for the decision.

8. Funded Accounts

Funded Accounts are issued after a trader passes an Evaluation or purchases P1 Instant.

The Account begins with a simulated balance equal to its Account size. Realized profits and losses change the Account Balance, and approved Payouts reduce it.

Profit Split

You receive 90% of eligible Funded Account profits. P1 Futures receives 10%.

This split applies from the first Payout and applies to every product, including P1 Instant.

Risk Rules

A Funded Account uses the same Maximum Loss Limit and calculation method as the corresponding Evaluation account size.

Receiving a Funded Account does not guarantee profit, income, Payouts, or continued access. The Account remains subject to these Terms and may be closed for a breach.

9. Trading Rules and Risk Limits

Maximum Loss Limit

The Maximum Loss Limit is the lowest equity your Account may reach before it is closed.

The limit trails based on your highest end-of-day Account Balance:

• It may move upward as the Account grows.
• It never moves downward.
• Intraday equity highs do not move it.
• It is recalculated only at the end of a trading day.

The limit stops moving when it reaches the Starting Balance. Once it reaches that level, it remains locked there for the rest of the Account’s life, even after profits, losses, or Payouts.

Example for a $50,000 Account with a $2,000 Maximum Loss Limit:

Breaching the Limit

A breach happens as soon as Account equity reaches or falls below the current Maximum Loss Limit.

Although the limit itself moves only at the end of the day, compliance is measured using live equity. This means an Account can breach the limit during a trading session.

When a breach occurs:

• Open positions are closed.
• The Account closes automatically.
• The breach is final.
• Remaining simulated profits are forfeited.
• No Payout is owed from that Account.

You are responsible for monitoring Account equity while trading.

No Separate Daily Loss Limit

There is no separate daily loss rule. The Maximum Loss Limit is the Account’s loss threshold.

Consistency Rule

No single trading day may represent more than the following percentage of total profit:

• P1 Reserve and P1 Elite Evaluations: 50%
• P1 Instant: 25%

• Funded Accounts earned from P1 Reserve & P1 Elite DO NOT have consistency rule.

If the Account is outside the applicable percentage, it does not automatically fail. You must continue trading until no single day exceeds the allowed share of total profit before becoming eligible for a Payout.

Contract Limits

Each Account has a maximum number of contracts that may be open at one time. The applicable mini and micro contract limits are published with the Account specifications.

The platform will prevent you from opening positions above the limit. The limit applies to your total open position at that moment.

Tradable Markets

You may trade available futures contracts listed through CME Group exchanges, including CME, CBOT, NYMEX, and COMEX. Available CME-listed cryptocurrency futures may also be traded.

The following are not available:

• Stocks
• Equity options
• Foreign exchange
• Spot or physical cryptocurrency
• Contracts for difference

Available instruments are determined by the trading-platform provider and may change.

Overnight and Weekend Positions

Overnight positions are allowed.

Weekend positions are allowed for instruments that continue trading during weekend sessions, including available CME-listed cryptocurrency futures.

Positions in markets that close for the weekend must be closed before the applicable session ends. The platform may close them automatically. An automatic weekend closure is not an Account breach.

News Trading

Trading during news events and economic releases is allowed.

Minimum Hold Time

There is no general minimum holding time, and normal scalping is permitted.

Market Data

Market data is supplied by third-party exchanges and vendors and is licensed for personal viewing through the Platform.

You do not own the market data and may not:

• Redistribute or rebroadcast it
• Record or store it for prohibited purposes
• Resell it
• Use it commercially outside the Platform

A data provider may require us to restrict or terminate your access. Additional provider terms may also apply.

Published Account Specifications

The detailed specifications displayed for your Account are part of these Terms.

If the specifications conflict with this section, the specifications that applied when you purchased the Account will control.

10. PROHIBITED CONDUCT

You must trade honestly and in a way that reflects activity that could reasonably occur in a live futures market.

You may not use strategies designed mainly to exploit the simulated environment, artificial fills, price delays, platform errors, or other conditions that would not exist in genuine market trading.

Hedging Across Accounts

You may not use opposing positions to cancel or reduce risk across accounts. This includes:

• Opposing positions across your own Accounts
• Coordinating opposing trades with another trader
• Taking opposing positions between P1 Futures and another firm

Normal spread trading and reasonable portfolio diversification are allowed. We may use automated correlation analysis to identify possible hedging.

Microscalping

Microscalping designed to exploit simulated execution is prohibited.

An Account may be reviewed when more than 50% of its profits come from trades held for five seconds or less, especially when combined with position sizes intended to take advantage of simulated fills.

This percentage is a review trigger, not an automatic violation. A flagged Account receives a manual review, and you may appeal the result.

Ordinary scalping remains allowed.

Market Abuse and Execution Exploitation

You may not engage in:

• Spoofing, layering, or disruptive order practices
• Trades entered outside the prevailing best bid or offer
• Using delayed or alternative data feeds to gain an execution advantage
• Algorithmic high-frequency order activity
• Latency arbitrage
• Exploiting quote gaps, pricing mistakes, platform errors, or delayed updates
• Trading that produces results that could not reasonably be achieved in a live market

Automated Trading

Automated trading is currently prohibited.

You may not use a bot, expert advisor, script, or other system that places, changes, or closes orders without your direct involvement.

This restriction remains in effect until we publish a separate automated-trading policy. Once published, that policy will become part of these Terms from its stated effective date.

You remain responsible for all activity in your Account, including activity created by any tool or system you use.

Group Trading and Account Sharing

You may not coordinate with other traders to:

• Spread or neutralize risk
• Guarantee an outcome across accounts
• Avoid Account limits
• Trade on another person’s behalf

Account sharing is prohibited.

Copy Trading

You may copy trades between Accounts you personally own.

You may not copy trades between your Accounts and an Account owned or controlled by another person.

Other Prohibited Activity

You may not:

• Submit false information or documents
• Use another person’s identity or payment method
• Hide or misrepresent your location
• Avoid household or Account limits
• Abuse or threaten P1 Futures staff
• Use the Platform for an unlawful purpose

Possible Consequences

Depending on the conduct, we may:

• Issue a written warning
• Remove affected trading days or simulated profits
• Deny or reverse a Payout
• Close the affected Account
• Close all your Accounts
• End this agreement

We will explain the reason for an action. You may appeal as described in Section 14.

11. PAYOUTS

Eligibility

Before requesting a Payout, a Funded Account must record at least five winning days.

A winning day is a trading day with net profit of at least $150 in that Funded Account.

The winning days:

• Do not need to be consecutive.
• Must occur in the same Funded Account.
• Cannot be transferred or combined between Accounts.

Days earning less than $150, losing days, and days with no trades do not count.

The Account must also meet any applicable consistency requirement when the Payout is requested.

Request Frequency

At least five days must pass between Payout requests from the same Account.

Each Account is considered separately.

Available Payout Amount

You may request up to 50% of the Account’s accrued profit, subject to the per-Payout cap.

Accrued profit is the amount by which the Account Balance exceeds its Starting Balance.

Example for a $50,000 Funded Account:

When the 50% calculation and the per-Payout cap are different, the lower amount applies.

Maximum Payout per request:

There is no minimum Payout amount and no monthly limit on the total value of Payouts across your Accounts.

Processing

We review Payout requests when they are received.

After approval, we will instruct our payment partner to begin payment within 48 hours. This does not mean the funds will reach you within 48 hours.

Before receiving your first Payout, you must complete the payment partner’s onboarding and verification. Time spent on that process is outside our control and is not included in the 48-hour processing commitment.

Final delivery time depends on the payment method and receiving financial institution.

Conditions

Before a Payout can be released:

• Your identity verification must be complete.
• The payment-account name must match your verified identity.
• All positions in the Account must be closed.
• No prohibited-conduct review may remain open.

Delayed or Denied Payouts

A Payout may be delayed or denied when:

• The Account breached its Maximum Loss Limit.
• The request exceeds the allowed amount.
• Identity verification is incomplete or unsuccessful.
• The payment-account name does not match.
• Prohibited conduct is being reviewed or has been confirmed.
• Anti-money-laundering, sanctions, OFAC, or enhanced-due-diligence review is required.
• A law or payment provider requires the delay or denial.

We may hold the request for the reasonable time needed to complete a review. We will place the reason for the decision in your dashboard, and you may appeal.

Effect on the Account

A Payout reduces the Account Balance by the amount paid.

The Maximum Loss Limit does not move downward after a Payout. This means withdrawing profit reduces the space between your equity and the Maximum Loss Limit.

Taxes

You are responsible for taxes connected to your Payouts.

P1 Futures or its payment provider may issue required tax forms or withhold amounts when required by law.

12. Account Grandfather Clause

The Trading Rules in effect when you purchase an Account normally remain attached to that Account for its lifetime.

We maintain dated versions of Trading Rules and Account specifications. Archived versions may be published or made available upon request.

This protection applies to:

• Trading Rules
• Account specifications
• Risk limits
• Profit splits
• Payout terms

It does not prevent changes required by:

• Law, regulation, or sanctions requirements
• A payment provider
• A trading-platform or market-data provider
• Current location, verification, or prohibited-conduct requirements

It also does not apply to pricing for new products.

A reset continues under the original Account’s Trading Rules, although the current reset price applies. A newly purchased Account receives the rules in effect on its own purchase date.

13. Platform Availability and Technical Problems

We do not guarantee that the Platform will always be available, uninterrupted, secure, or free of errors.

The Platform relies on outside trading systems, market-data feeds, technology infrastructure, and payment providers. We may also suspend access for maintenance, security, or circumstances outside our control.

Reporting an Outage

If a technical failure prevents you from managing open positions or accessing your Account, contact support within 48 hours. Include enough information for us to investigate.

If we confirm that a qualifying outage caused a material problem, we may:

• Reverse a breach caused by the outage
• Restore the Account to its earlier condition
• Adjust or remove affected trades
• Provide a reset at no charge

The appropriate response depends on the circumstances and the impact of the outage.

Problems on Your Side

We are not responsible for failures involving your:

• Computer or device
• Internet connection
• Power supply
• Software or technical configuration

We are also not responsible for losses caused by your inability to open or close a trade for those reasons..

Market-Data Problems

Third parties supply the market data displayed on the Platform. We do not guarantee that this information will be complete, accurate, current, or continuously available.

If incorrect market data or pricing creates trades that do not reflect genuine market conditions, we may remove or adjust the trades and any related simulated profit or loss.

14. SUSPENSION AND TERMINATION

Closing Your Account

You may ask support to close your Account at any time.

Paid fees remain non-refundable except where the Refund and Liability Policy says otherwise.

Suspension or Termination by P1 Futures

We may suspend or close Accounts when:

• You breach these Terms.
• You become ineligible.
• You do not complete identity verification.
• You submit false information or documents.
• Your conduct creates legal, regulatory, or payment-provider risk.
• You initiate a chargeback or payment dispute.
• Closure is required by law or a payment provider.
• An Account remains inactive for an extended period after notice.

We will explain the reason for our action.

Unless immediate action is required to comply with the law, follow a provider’s instruction, or prevent ongoing harm, we will provide notice and an opportunity to respond before permanently terminating access.

Effect of Termination

When this agreement ends, access to all Accounts ends.

Properly earned Payouts remain payable unless they are connected to the reason for termination. Payouts connected to prohibited conduct may be forfeited.

Provisions intended to continue after termination—including data rights, prohibited-conduct provisions, liability limits, dispute terms, and payment obligations—will remain effective.

No New Accounts After Termination

If we terminate your access for a breach, you may not create another Account or use a different identity to return unless we approve it in writing.

An Account created in violation of this restriction may be closed without a refund, and its simulated profits will be forfeited.

Inactive and Dormant Accounts

Untraded Accounts: An Account with no trades for 30 consecutive calendar days may be treated as abandoned. We will email you before closing it and provide a reasonable opportunity to trade.

Breached Accounts: An Account closed for breaching the Maximum Loss Limit may be permanently deleted if it is not reset within 30 calendar days.

Unactivated Purchases: A purchased Account that is not activated within 30 calendar days may be suspended. You may request reactivation within six months. After six months, the purchase expires without a refund.

Closure or deletion under this section is permanent. Trading history and progress will be lost.

This section does not apply while an Account has a pending Payout request or an open prohibited-conduct review.

Appeals

You may appeal an Account closure, Payout decision, or rule determination by contacting support within 30 days.

15. REFUNDS AND CHARGEBACKS

All Sales Are Final

Evaluation fees, activation fees, and reset fees are non-refundable.

This applies even if you:

• Do not complete an Evaluation
• Do not receive a Funded Account
• Do not generate a profit
• Stop using the service

By completing a purchase, you request immediate access to a digital service and, where legally permitted, waive any applicable withdrawal or cooling-off right.

Additional terms appear in the Refund and Liability Policy.

Chargebacks

If you believe a charge is incorrect, contact support first so we can investigate.

If you dispute a payment directly with your card issuer or payment provider, we may:

• Suspend or close your Accounts
• Hold Payouts until the dispute is resolved
• Decline to provide services to you in the future

We may provide payment networks with records showing your acceptance of these Terms, including the recorded time and IP address.

16. INTELLECTUAL PROPERTY AND USER CONTENT

P1 Futures Property

The Platform and its content belong to P1 Futures LLC or its licensors. This includes:

• Software
• Text and graphics
• Logos and trademarks
• The P1 Futures name
• Account specifications
• Trading and rule systems

We give you a limited, revocable right to use the Platform personally and for non-commercial purposes under these Terms.

You may not copy, distribute, scrape, frame, reverse engineer, co-brand, alter, or create derivative works from the Platform. You also may not remove ownership or copyright notices.

Community Channels

P1 Futures may operate Discord communities, social-media accounts, leaderboards, trader profiles, and similar public features.

We may moderate content or restrict access to these channels. Conduct in a community channel may lead to action against your P1 Account if it violates these Terms.

Your Content

“User Content” includes anything you submit, upload, or post through the Platform or a P1 community channel, including messages, images, profile information, and trading results.

You are responsible for your User Content.

You may not post content that:

• Is unlawful, defamatory, threatening, harassing, obscene, or discriminatory
• Violates intellectual-property or privacy rights
• Impersonates another person
• Reveals someone else’s personal information
• Contains malicious code
• Is spam or unauthorized advertising
• Falsely describes trading performance or your relationship with P1 Futures
• Promotes a competing firm or improperly solicits P1 traders
• Distributes discount codes in violation of these Terms

We do not preapprove User Content and are not responsible for it. We may edit or remove content, with or without notice.

Permission to Use Your Content

By submitting User Content, you give P1 Futures a worldwide, perpetual, irrevocable, royalty-free, sublicensable right to host, store, copy, modify, publish, distribute, and display it in connection with operating or promoting the Platform.

You confirm that you have the rights needed to give us this permission.

Do not submit information you want to keep private. Removed content may remain in cached or archived copies.

Leaderboards and Public Features

If you join a leaderboard, competition, or other public feature, you allow us to display your chosen name, profile information, and trading results.

You may contact us to request removal from a public feature.

Copyright Complaints

If you believe content on the Platform infringes your copyright, email a Digital Millennium Copyright Act notice to trade@p1futures.com.

The notice should include:

• Your physical or electronic signature
• Identification of the copyrighted work
• Identification and location of the disputed material
• Your contact information
• A statement that you reasonably believe the use is unauthorized
• A statement that the information is accurate and that you are authorized to act for the copyright owner

We may remove infringing material and terminate repeat infringers.

Feedback

If you submit ideas, suggestions, or feedback about the Platform, you assign the related rights to P1 Futures.

We may use the feedback worldwide without restriction, attribution, or compensation.

17. DISCLAIMERS

The Platform is provided “as available” and without guarantees, to the fullest extent allowed by law.

We do not promise that the Platform will be uninterrupted, secure, timely, error-free, or suitable for a particular purpose. We also do not guarantee the accuracy or completeness of market data.

Nothing on the Platform is investment, trading, financial, tax, or legal advice. Educational information is general and is not based on your personal circumstances.

Trading involves substantial risk. Most participants do not pass trading evaluations. Past results do not predict future results. Please review the Risk Disclosure Statement.

18. Limitation of Liability

To the fullest extent allowed by law, P1 Futures is not responsible for indirect, special, incidental, consequential, exemplary, or punitive damages.

This includes lost profits, lost opportunities, lost data, or loss of goodwill connected to the Platform or these Terms.

Our total combined liability for all claims will not exceed the greater of:

• $100; or
• The amount you paid P1 Futures during the one month immediately before the event that caused the claim.

This limit applies across all your Accounts together, not separately to each Account.

If you are dissatisfied with the Platform or these Terms, your remedy is to stop using the Platform.

Nothing in these Terms excludes liability that legally cannot be excluded, including applicable liability for fraud, willful misconduct, or gross negligence.

19. INDEMNIFICATION

You agree to protect and reimburse P1 Futures LLC and its members, officers, employees, contractors, and agents for claims, losses, liabilities, damages, penalties, fines, investigation costs, and reasonable legal fees arising from:

• Your breach of these Terms
• Your violation of a law
• Your violation of another person’s rights
• Your trading activity
• Your use of the Platform

This obligation continues after your Account closes.

We may take control of the defense of a covered claim at your expense, and you agree to cooperate with that defense.

20. GOVERNING LAW AND DISPUTE RESOLUTION

Texas Law

These Terms are governed by the laws of the State of Texas, without applying conflict-of-law rules.

Contact Us Before Filing a Claim

Before starting arbitration, email trade@p1futures.com with:

A description of the dispute
The result or remedy you are requesting

You must allow 30 days for an informal resolution.

Individual Arbitration

If the dispute is not resolved informally, it will be decided through binding individual arbitration administered by the American Arbitration Association under its Consumer Arbitration Rules.

The arbitration will have:

• One arbitrator
• A location in Travis County, Texas
• Proceedings in English

The arbitrator’s decision will be final and may be enforced by a court with proper authority.

Arbitration Costs

Arbitration fees will be divided according to the AAA Consumer Arbitration Rules. Under those rules, the customer’s filing and administrative fees are limited, and P1 Futures pays the remaining required amount.

Each side normally pays its own legal expenses. The arbitrator may allocate costs differently if a claim or defense was frivolous or brought for an improper reason.

Small Claims

Either side may bring an eligible individual claim in small claims court in Travis County, Texas instead of arbitration.

No Class Actions

Disputes must be handled individually.

You and P1 Futures waive the right to participate in a class, collective, consolidated, or representative action. Separate arbitrations may not be combined unless both sides agree.

If this waiver cannot be enforced for a specific claim, that claim may proceed in court while the remaining claims stay in arbitration.

Jury-Trial Waiver

To the fullest extent allowed by law, both sides waive the right to a jury trial for disputes connected to these Terms or the Platform.

Injunctive Relief

Either side may request an injunction from a state or federal court in Travis County, Texas to protect intellectual property or confidential information.

P1 Futures may also seek an injunction for violations involving prohibited conduct or intellectual-property rights.

Deadline for Claims

A claim must be started within one year after the event giving rise to it, unless the law does not allow this deadline.

21. GENERAL PROVISIONS

Entire Agreement

These Terms and the policies incorporated into them are the complete agreement between you and P1 Futures concerning the Platform. They replace earlier agreements or understandings about the same subject.

Severability

If part of these Terms is found invalid or unenforceable, it will be adjusted only as much as needed to make it enforceable. The rest of the Terms will remain effective.

No Waiver

If we do not enforce a provision immediately, we do not give up the right to enforce it later.

A waiver must be in writing and signed by an authorized P1 Futures representative.

Assignment

You may not transfer your rights or responsibilities under these Terms without our written permission.

We may transfer these Terms to an affiliate, successor, or purchaser of the business.

Events Outside Our Control

We are not responsible for a failure or delay caused by circumstances outside our reasonable control. Examples include:

• Exchange or clearing disruptions
• Third-party platform or data-feed failures
• Payment-provider failures
• Natural disasters
• War or civil unrest
• Pandemics
• Government action
• Utility or telecommunications failures

Electronic Communications

You agree to receive notices electronically.

We may deliver legal notices through:

• Your registered email address
• Your Account dashboard
• A notice posted on the Platform

A notice becomes effective when it is sent or posted. You are responsible for keeping your email current and checking the Platform and dashboard.

Legal notices to P1 Futures should be sent to trade@p1futures.com

Language

These Terms are written in English. Translations may be provided for convenience, but the English version controls.

No Rights for Other Parties

These Terms create rights only for you and P1 Futures LLC.

Headings

Headings are for convenience and do not affect interpretation.