Terms of Service

Effective Date: July 10, 2025

(This Page is Only For Accounts Created on or After May 15th, 2025.  If you have an account created before this date, please refer to the previous version of our Terms and Rules.)

(If you have an account created before May 15th 2025, then go here for the rules)


Million Dollar Trader Challenge (MDTC) - Terms of Service

Effective Date: May 15, 2025


> Note: This version applies to all accounts created on or after May 15, 2025. For earlier accounts, please refer to the archived version of the Terms.


1. Overview

This website is operated by The Million Dollar Trader Challenge ("MDTC"). By accessing our website or participating in any of our trading challenges, you agree to be bound by these Terms of Service and any other policies referenced within. If you do not agree with these Terms, you must not use our services.

We reserve the right to modify these Terms at any time. Changes will be reflected by an updated "Effective Date" at the top of this page.


2. Disclaimer: Simulated Trading Environment

MDTC operates in a fully simulated demo trading environment intended for educational and evaluation purposes only. No real funds are traded, and all trades are hypothetical. All payouts are made by MDTC based on your performance in simulated accounts — not from actual market profits.


3. Challenge Rules

3.1 General Structure

All trading occurs in demo (simulated) accounts.

To pass the challenge, you must achieve an 8% profit target.

Your first payout becomes eligible upon reaching a 3% profit with no minimum trading days required.

All future payouts require a 10% profit threshold.

3.2 Drawdown Limits

A maximum daily drawdown of 3% is allowed, based on your starting balance.

A maximum overall drawdown of 10% is enforced throughout the challenge.

Breaching either drawdown limit will result in disqualification.


4. Trading Rules

4.1 Trading Days Requirement

You must trade on at least 7 separate calendar days during your challenge period before your account becomes eligible for review. A "Trading Day" is defined as any calendar day on which at least one trade is opened.

At least 5 of these trading days must each generate a net profit of 0.50% or more of your starting balance. These are referred to as "Minimum Profitable Trading Days."

Trading activity that involves small, non-substantive trades — such as 0.01 or 0.1 lot sizes with no meaningful profit or loss — will not be counted toward this requirement.

4.2 Funded Account Payout Requirements

Your first payout requires 3% profit and has no minimum number of trading days.

All subsequent payouts require 10% profit and at least 10 active trading days, with 7 of those being Minimum Profitable Trading Days.

4.3 Approved Trading Instruments

You are permitted to trade CFDs on indices, forex pairs, metals, commodities, and cryptocurrencies. Direct futures or live market trading is not allowed.


5. Payout Structure

5.1 Initial Payout

After reaching a 3% profit, you may request your first payout.

The first payout is capped at $2,000.

5.2 Payout Caps Within First 60 Days

For the first 60 days after your initial payout, each individual payout is capped at $2,000, with a total cap of $5,000 across all payouts during that period.

5.3 After 60 Days

After 60 days from your first payout, the cap is lifted.

You are eligible to receive 90% of the profits you generate.

To qualify for payouts:

You must still reach a 10% profit threshold.

You must complete 10 separate trading days, 7 of which must be Minimum Profitable Trading Days.

Your account will be reviewed for consistency, fairness, and responsible trading behavior.


6. Subscription Billing, Cancellations & Refunds

6.1 Monthly Billing

All MDTC subscriptions are billed on a recurring monthly basis. Your subscription will renew automatically on the same day each month, based on your original signup date.

6.2 Cancellations

You must cancel your subscription at least 24 hours before your next billing date to avoid being charged. Cancellations submitted after renewal will apply to the following month.

6.3 Refund Policy

All subscription fees are non-refundable once processed.

Refunds are not issued for partial use, inactivity, or forgetting to cancel, unless explicitly approved by MDTC.

No refunds will be issued after challenge credentials have been emailed, even if the email was not received. (Please check your spam or junk folder and contact support if you did not receive your login credentials.)


7. Prohibited Uses & Trading Violations

7.1 Misuse of Accounts

The following actions are strictly prohibited:

Placing opposite trades on multiple accounts

Using third-party pass or trading services

Copy trading from another account

Sharing your account or allowing others to trade on your behalf

7.2 Prohibited Trading Strategies

You may not engage in the following practices:

Martingale or aggressive averaging down strategies

Arbitrage exploitation (e.g., latency or flash crashes)

Exploiting demo server glitches or unrealistic fills

Consistent "all-in" or gambling behavior with the intent to game the system

Violations may result in disqualification, loss of access to your account, forfeiture of pending payouts, and permanent bans from all MDTC services.


8. Account Management

If your account remains inactive for 14 consecutive days, it may be closed at MDTC's discretion.

You are required to place a stop loss on all trades while trading in a funded account.


9. Withdrawals & Compliance Reviews

Payout requests must be submitted through your trader dashboard. All requests are subject to a manual review process to verify compliance with trading rules and consistency standards.

Please note that delays may occur due to internal reviews, processing timelines, or external factors beyond our control. While we strive to process payouts promptly, MDTC does not guarantee any specific payout timeframe.

MDTC reserves the right to deny or delay payouts if trading behavior appears suspicious, inconsistent, or non-compliant with these Terms.


10. Chargebacks, Disputes & Payment Violations

Initiating a payment dispute or chargeback after using MDTC services is strictly prohibited.

If you submit a chargeback:

Your account will be immediately suspended.

You will be permanently banned from all future challenges, funded accounts, and payouts.

Any current or future earnings will be forfeited.

MDTC reserves the right to contest chargebacks by providing documentation to payment processors.

We encourage you to contact MDTC support before disputing any payments. We are happy to resolve legitimate concerns, but will not tolerate fraudulent or abusive behavior.


11. Refund Policy for Standalone Purchases

All one-time purchases — including access to Instant Funded Trader products, evaluations, or challenges outside of the monthly subscription — are non-refundable. Once access is granted, no refunds will be issued.


12. Abusive Language & Misconduct

We maintain a zero-tolerance policy for abuse directed at MDTC staff or community members.

Any threats, profanity, harassment, or defamatory claims may result in immediate termination of your account and legal action.

Posting public reviews with intentionally false claims or reputational harm may also result in a formal legal response.


13. Arbitration & Governing Law

By using MDTC, you agree that any disputes will be resolved through binding arbitration in the United Arab Emirates (UAE). You waive your right to participate in jury trials or class actions.


14. Contact Information

If you have questions about these Terms, please contact us:

Support Email: [email protected]

Mailing Address: Dubai World Trade Centre C1, Sheikh Zayed Road, Dubai, UAE




Last Updated: September 16, 2025