Funded Trader Agreement

This Funded Trader Agreement (this "Agreement") is entered into between you ("you," "your," or "Trader") and Lumen Futures LLC, a Texas limited liability company ("Lumen Futures," "we," "our," or "us"). It governs your use of a Funded Account and takes effect on the date a Funded Account is issued to you.

This Agreement supplements our Terms & Conditions, which continue to apply in full. Where this Agreement and the Terms & Conditions conflict on a matter specific to a Funded Account, this Agreement controls.

You accept this Agreement by indicating your acceptance in your dashboard or by placing a trade on a Funded Account, whichever happens first. Continuing to trade a Funded Account is continued acceptance of this Agreement as amended from time to time.

Read this Agreement before trading a Funded Account. It sets out what you are owed, what we may do, and the circumstances in which a Funded Account can be closed.

1. What a Funded Account Is

A Funded Account is a simulated trading account operating on live market data. Order execution is simulated. No order you place is routed to an exchange, no position you hold exists in any market, and you do not own, control, or hold any interest in any securities, futures contracts, cash, or other assets through a Funded Account.

The balance shown in a Funded Account is a performance record used to calculate amounts that may become payable to you under this Agreement. It is not a cash balance, not a deposit, not client money, and not held for you in any account. You have no right to withdraw the balance itself.

Fees you pay to us are program fees for access to the evaluation and Funded Account services. They are not deposits, margin, or invested capital, and they are not returned to you as a balance.

2. Your Relationship With Us

You are an independent contractor. Nothing in this Agreement creates an employment relationship, partnership, joint venture, agency, fiduciary relationship, or franchise between you and Lumen Futures.

You are not our agent and may not hold yourself out as an employee, representative, or partner of Lumen Futures, or as trading capital on our behalf in any market.

You are solely responsible for your own taxes, filings, insurance, and any licences or registrations that apply to you where you live. We do not withhold tax from amounts we pay you except where we are legally required to. See our guidance on taxes, which is general information and not tax advice.

You decide what to trade, when to trade, and in what size, within the Account Rules. We do not direct your trading, set your strategy, or require you to trade at any time.

3. Account Rules

Your Funded Account is governed by the rules published for the program and account size you purchased, including the maximum drawdown, contract limits, trading hours and daily flat time, consistency requirement, payout eligibility conditions, payout buffer, and maximum payout per request (together, the "Account Rules").

The Account Rules are published in our Help Center and on the pricing page, and are incorporated into this Agreement by reference. The rules in force for your Funded Account are those published at the time it was issued.

Changes to the Account Rules

We may change the Account Rules for accounts sold in the future at any time. For a Funded Account already issued to you, we will not make a change that materially reduces your rights, other than where the change is required by law, by an exchange, or by a technology or data provider we depend on, or where it is necessary to address manipulation or abuse.

Where we do change the rules applying to an issued Funded Account, we will give you notice by email and publish the change. If a change materially disadvantages you and you do not accept it, you may close your Funded Account and request any payout for which you were already eligible at the time of the change.

4. Profit Share and Payouts

You are entitled to 90% of the simulated net profit you generate in a Funded Account, calculated on the amount you properly request and we approve. We retain the remaining 10%. Simulated trading commissions and fees are applied to the Funded Account balance before profit is calculated.

A payout request is payable only where, at the time of the request and at the time of approval, all of the following are true:

• You have completed the required number of qualifying trading days for your account size since your last approved payout;
• Your account balance is above the payout buffer for your account size, and would remain above it after the requested amount is deducted;
• The request is made during a payout request window, as published in our help center;
• The consistency requirement for your program, if any, is satisfied;
• The requested amount is at or above the minimum and at or below the maximum for your account size and payout number;
• You have completed identity verification, and the account receiving payment is held in your own legal name; and
• The Funded Account is not in breach and is not subject to an open review under section 6.

Approved payouts are deducted from the Funded Account balance at approval. Trading on the account is suspended from the moment a payout request is submitted until it is processed, so the balance cannot move while a request is open.

Payouts already made are final

Amounts we have paid you are yours. We will not claw back a payout because your Funded Account later breaches, is closed, or performs poorly. This does not apply where the payout was obtained through conduct prohibited under section 6, or through error, in which case we may recover the amount.

Unrequested balance is not payable on closure. If your Funded Account closes for any reason, any balance you had not already requested and become eligible for is forfeited.

5. Breach of the Account Rules

If your Funded Account breaches the maximum drawdown, the account is closed and no further payouts arise from it. This is an automatic consequence of the Account Rules and is not a penalty or a finding against you.

Exceeding a consistency requirement is not a breach and does not close a Funded Account. It delays payout eligibility until the requirement is satisfied.

A Funded Account closed by breach cannot be reset. You may purchase a new evaluation at the price then published.

6. Prohibited Conduct and Review

You may not engage in conduct that extracts value from the simulated environment instead of from trading skill, including exploiting simulated order execution, latency or feed arbitrage, coordinated trading between accounts held by different persons, permitting another person to trade your account, trading an account registered to another person, or knowingly trading on a pricing or platform error rather than reporting it. The full description is published in our Help Center and forms part of the Account Rules.

Copying your own strategy across Funded Accounts you personally hold is permitted, subject to the published limits.

How reviews work

We may review trading activity before approving a payout. Where a review raises a question about your trading, we will put the specific concern to you, identifying the trades or conduct in question, and give you a reasonable opportunity to respond before we make a decision.

If we decide against you, we will tell you which rule was applied and the conduct it was applied to. You may ask us to reconsider, and a person who was not responsible for the original decision will review it.

Where we reasonably determine that prohibited conduct occurred, we may reverse the affected trades, deny the payout, close the Funded Account and any other accounts you hold, and decline to do business with you in future.

7. Inactivity

A Funded Account with no trading activity for 7 consecutive calendar days is closed. A single trade resets the period.

8. No Entitlement to Live Capital

We may, at our discretion, invite consistent funded traders to participate in a live-capital arrangement on separate terms. Nothing in this Agreement entitles you to be invited, and no benchmark, payout count, or period of trading creates such an entitlement.

Any live-capital arrangement will be governed by its own written agreement, and the terms will be published before any trader is transitioned.

9. Intellectual Property and Confidentiality

We grant you a limited, non-exclusive, non-transferable, revocable licence to access the Funded Account and associated tools for the purpose of trading under this Agreement. All platform software, market data, risk systems, and materials remain the property of Lumen Futures or our licensors.

Market data is provided under licence from exchanges and data vendors and is subject to their terms. You may not redistribute, resell, or republish market data received through a Funded Account.

Your trading data, including orders, fills, positions, and performance statistics, may be used by us to operate and improve our risk management and services. We may publish aggregated or anonymised statistics. We will not publish your name or identify you personally in connection with your trading results without your consent, except where you have submitted material to us for that purpose or where we are required to by law.

10. Term and Termination

This Agreement continues while you hold at least one Funded Account.

You may close a Funded Account at any time by writing to us at support@lumenfutures.com. Request any payout for which you are already eligible before you do, because unrequested balance is not payable on closure.

We may close a Funded Account where it breaches the Account Rules, where the inactivity period elapses, where we reasonably determine prohibited conduct occurred, where we are required to by law or by a provider we depend on, or where you become resident in a jurisdiction we cannot serve.

We may also discontinue a program or cease operating. If we do, we will give you reasonable notice, and we will honour payouts for which you were eligible before the notice took effect.

Sections 1, 2, 4 (as to payouts already made), 9, 11, and 12 survive termination.

11. Disclaimers and Limitation of Liability

The Funded Account and all related services are provided on an "as is" and "as available" basis. We do not warrant that the platform, market data, or risk systems will be uninterrupted, error free, or free from delay.

We are not liable for losses, missed profit, or an account breach arising from platform outages, data delays or errors, connectivity problems, slippage, third-party software including automated systems and custom indicators, or your own trading decisions.

Because a Funded Account is simulated, you cannot lose money by trading one. Your financial exposure to us is limited to the fees you have paid.

To the maximum extent permitted by law, our total aggregate liability to you arising out of or relating to this Agreement will not exceed the greater of the fees you paid for the Funded Account in question, or the amount of any payout properly due to you and not paid.

Nothing in this Agreement excludes liability that cannot lawfully be excluded.

12. General

Governing law and disputes

This Agreement is governed by the laws of the State of Texas, without regard to conflict of laws principles. The dispute resolution, arbitration, and class action waiver provisions of our Terms & Conditions apply to this Agreement and are incorporated by reference.

Assignment

You may not assign or transfer this Agreement or any Funded Account. Funded Accounts are personal to you and have no transferable value. We may assign this Agreement in connection with a merger, acquisition, or sale of assets.

Entire agreement and severability

This Agreement, together with the Terms & Conditions, Privacy Policy, Risk Disclosure, Refund Policy, and the Account Rules, is the entire agreement between you and us on this subject. If any provision is held unenforceable, the remainder continues in effect.

Electronic records and signatures

You consent to transact with us electronically. Your acceptance of this Agreement by clicking, checking a box, or placing a trade on a Funded Account has the same legal effect as a handwritten signature, and we may deliver this Agreement, notices, payout records, and tax documents to you electronically. You may withdraw that consent by contacting us, though we may be unable to continue providing a Funded Account if you do.

Contact

Questions about this Agreement should go to support@lumenfutures.com. We would rather answer a question before it becomes a dispute.

Lumen Futures LLC, a Texas limited liability company.
2401 Fountain View Dr, Ste 464 # 2794, Houston, TX 77057
support@lumenfutures.com