Simulation and Reward Disclosure

DRAFT — PENDING LEGAL REVIEW
This document has not been reviewed or approved by a lawyer. It is a working
draft prepared to make the product flow testable. It is not legal advice and
must not be presented to customers in this form.

SIMULATED TRADING

All trading in this program is simulated. Orders you place do not reach a live
exchange and do not affect real market prices. Simulated results do not
represent live trading and cannot account for every real-world factor,
including liquidity, slippage in fast markets, order queue position, or
execution during news events.

YOUR SIMULATED BALANCE IS NOT CASH

The account size you purchase — for example "$50,000" — is a nominal figure. We
do not hold $50,000 for you. You cannot withdraw your simulated balance. What
you can earn is a CASH REWARD calculated against simulated profits under the
rules of your plan.

HOW A REWARD IS CALCULATED

Your account has a retained profit buffer that must remain in the simulated
account. Only profit above your starting balance AND above that buffer can form
the basis of a reward.

Worked example on the proposed $50,000 rules:

  Starting balance      $50,000
  Retained buffer        $2,000
  Simulated balance     $52,500

  Available gross          $500   (52,500 - 50,000 - 2,000)
  Cash paid to you         $250   (50% of gross)
  Simulated balance left $52,000

At a simulated balance of $52,499 the available gross would be $499, which is
below the $500 minimum, so no withdrawal would be available yet.

THE BUFFER IS NOT A PROFIT TARGET

The retained buffer is not an evaluation you must pass. It is an amount that
stays in the simulated account. It affects WHEN a withdrawal becomes available
and how much is available, and nothing else.

RISKS

- You may lose the fee you paid and receive nothing.
- Your account can breach its daily loss limit or its trailing drawdown
  threshold, which pauses or ends your access under the rules of your plan.
- Commissions and trading fees reduce your net results.
- Payout eligibility does not guarantee payment on any particular day. Payment
  timing depends on the payment rails, your identity verification status and
  banking cut-off times.

FIRST-DAY ELIGIBILITY

Same-day payout eligibility, including on your first trading day, is available
if every other published requirement is met. This is a statement about
ELIGIBILITY rules, not a guarantee that funds will arrive in your bank account
the same day.