Terms and Conditions
In this Refund Policy, “us,” “our,” and “we” shall mean itafx.com t/a INSTITUTIONAL TRADING ACADEMY (“ITA”).
Effective Date: March 24, 2025
BY ACCESSING OR USING THIS WEBSITE OR ANY SERVICES PROVIDED BY INSTITUTIONAL TRADING ACADEMY (ITA), YOU IRREVOCABLY AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS ("TERMS" OR "AGREEMENT"). IF YOU DO NOT AGREE, YOU ARE PROHIBITED FROM ACCESSING OR USING THE SITE OR SERVICES. THESE TERMS CONSTITUTE A LEGALLY BINDING CONTRACT BETWEEN YOU AND ITA. READ CAREFULLY BEFORE PROCEEDING.
1. Overview and Scope
This website (the "Site") and all associated services (collectively, the "Services") are
operated by Institutional Trading Academy (ITA, referred to as "The Company," "we," "us,"
or "our"). Access to and use of the Site and Services are expressly conditioned upon your
full acceptance of these Terms, including all policies, rules, and notices incorporated herein
or linked via hyperlink (e.g., Privacy Policy, Responsible Trading Policy). These Terms
govern all users, including but not limited to browsers, customers, traders, and contributors,
without exception.
ITA reserves the absolute right, at its sole discretion, to modify, suspend, or terminate the
Site, Services, or these Terms at any time, with or without notice. Your continued use
following such changes constitutes your unconditional acceptance of the revised Terms. It is
your sole responsibility to review the most current version of these Terms, available at
www.itafx.com, periodically.
DISCLAIMER: The Services are exclusively for simulated trading evaluations and do not
constitute investment services, advice, or opportunities under any applicable law.
ITA does
not provide, and is not authorized to provide, investment guidance, recommendations, or
instructions. No information or communication from ITA, its employees, agents, or
representatives shall be construed as investment advice. ITA expressly disclaims all liability
for any actions you take based on such information, and you assume full responsibility for
your decisions.
The Services are restricted to individuals aged 18 or older residing in jurisdictions where the
Services are legally available. By accessing the Services, you warrant that you meet these
eligibility criteria and that your use complies with all applicable laws. ITA may, at its sole
discretion, deny access to any individual or entity for any reason or no reason, without
liability.
2. Trader Representations and Obligations
By using the Services, you represent, warrant, and covenant that:
● You are at least 18 years old, of sound mind, and possess full legal capacity to enter
into this Agreement.
● If acting on behalf of an entity or third party, you have unequivocal authority to bind
such party to these Terms, and you indemnify ITA against any claims arising from
misrepresentation of such authority.
● Your use of the Services does not violate any law, regulation, ordinance, or
pre-existing contractual obligation.
● You will provide true, accurate, current, and complete information as requested by
ITA and promptly update it to maintain its accuracy.
● You will not assign, transfer, or share your account with any other person or entity
without ITA’s prior written consent, which may be withheld at ITA’s sole discretion.
Any breach of these representations or obligations shall result in immediate termination of
your access to the Services, forfeiture of all fees paid, and potential legal action, at ITA’s
discretion.
3. Account Registration and Security
To access the Services, you must register an account and maintain the confidentiality of your credentials (e.g., username, password). You are solely responsible for all activities under your account, including unauthorized use resulting from your failure to secure your credentials. You must notify ITA immediately at support@itafx.com of any suspected breach. ITA is not liable for any loss, damage, or unauthorized access arising from your failure to safeguard your account. Only one active profile is permitted per individual, and violations may result in account termination and permanent exclusion from the Services.
4. Know-Your-Customer (KYC) Compliance
ITA reserves the right to require you to complete a KYC onboarding process, including submission of identification documents and personal information, to comply with anti-money laundering and counter-terrorism financing (AML/CFT) laws or internal policies. You must satisfactorily complete all verifications before accessing the Services and promptly notify ITA of any changes to your submitted information. Failure to comply, or provision of false, incomplete, or misleading information, shall entitle ITA to refuse, restrict, or terminate your access without notice or refund, at its sole discretion. ITA may obtain additional information about you from third-party sources without your knowledge, as permitted by law.
5. General Conditions
● Right to Refuse Service: ITA retains the unfettered right to refuse, restrict, or
terminate service to any individual or entity at any time, for any reason or no reason,
without liability.
● Data Transmission: You acknowledge that your content (excluding payment data)
may be transmitted unencrypted across networks, and ITA is not responsible for any
interception or alteration. Payment data is encrypted, but ITA disclaims no liability for
breaches beyond its control.
● Prohibited Actions: You shall not reproduce, duplicate, copy, sell, resell, or exploit
any portion of the Site or Services without ITA’s express written consent, which may
be withheld at ITA’s sole discretion.
● Third-Party Access: ITA may grant third parties temporary access to the Site for
maintenance or troubleshooting, under monitored conditions, without liability.
6. Payments and Refunds
All payments for Services (e.g., registration fees) are final, non-refundable, and solely for access to simulated trading evaluations. You acknowledge that the Service is delivered immediately upon payment, and no refunds or cancellations are permitted under any circumstances, including dissatisfaction, termination, or failure to meet evaluation criteria. ITA reserves the right to modify pricing at any time without notice
7. ITA Evaluation and Funded Stages
a. Maximum Loss Limits
You must not exceed the following maximum loss limits, calculated as a percentage of the
initial account size, at any time during the Evaluation or Funded Stages:
● 1-Step Model: 6%
● 2-Step Model: 10%
● Instant Model: 5%
b. Maximum Daily Loss Limits
You must not exceed the daily loss limit, based on the higher of starting equity or balance,
reset at 00:00 CEST:
● 1-Step Model: 4%
● 2-Step Model: 5%
● Instant Model: 3%
c. Profit Targets (Evaluation Stage)
You must achieve the following simulated profit targets without violating any rules:
● Evaluation Account:
○ 1-Step: 10% (no time limit)
○ 2-Step: 8% in phase 1, 5% in phase 2 (no time limit)
d. Minimum Trading Days
● Evaluation: Minimum 3 trading days (all models).
● Funded: Minimum 7 profitable days (<20% profit/day) per 30-day cycle, starting
from your first trade. Failure to meet this resets or terminates the account.
e. Compliance Requirements
You must comply with real market principles, ITA’s trading rules (available at
www.itafx.com), and the Responsible Trading Policy (Appendix A). Violations result in
immediate termination without refund.
f. Termination for Non-Compliance
Failure to adhere to the above conditions during any stage shall result in account
termination, forfeiture of all fees, and exclusion from further participation, at ITA’s sole
discretion.
8. Rules of Demo/Simulation Trading
● Inactivity: Accounts with no trades for 30 consecutive days will be terminated.
● Short-Term Trades: Profits from Master account trades closed within 1 minute are
excluded, and any resulting breaches of loss limits are your responsibility.
● News and Weekend Trading:
○ News trading is permitted across all of ITA’s accounts.
○ Weekend trading/holding is permitted with ITA’s Evaluations and its respective
Funded Accounts.
● Lot Limits: Maximum 1 lot for every $10,000 in margin. Exceeding this triggers trade
closure and trading suspension until the next day.
● Consistency Score: Instant Funded (20%) meaning one trading day must not
represent over 20% of the total profit. Failure to meet these, delays/impacts progress
at ITA’s discretion.
1 step: 35% consistency score
2 step: 50% consistency score
● All additional rules are mentioned in our FAQ at www.itafx.com
Prohibited Trading Practices
You are strictly prohibited from engaging in:
● Gap trading, high-frequency trading, latency arbitrage, hedging, reverse trading, tick
scalping, server spamming, or opposite account trading.
● Third-party copy trading or account management (except approved trade/risk
management EAs).
● Excessive risk-taking (e.g., over-leveraging beyond account capacity), gambling
behavior, overtrading, or exploiting platform errors.
● Any strategy deemed by ITA, at its sole discretion, to be manipulative, abusive, or
inconsistent with responsible trading.
Violations may result in immediate account termination, profit deductions, leverage
reductions, or service denial, without refund or compensation.
ITA reserves the right to
conduct risk assessments and interviews, withholding rewards until compliance is verified.
9. Intellectual Property
All content on the Site (e.g., text, graphics, software) is the exclusive property of ITA or its licensors, protected by copyright, trademark, and other laws. You are granted a limited, revocable, non-transferable license for PERSONAL USE ONLY. Any unauthorized use, reproduction, or distribution is prohibited and may result in legal action. You do not acquire any ownership rights in ITA’s intellectual property.
10. Third-Party Links and Services
The Site may include links to third-party websites or services not controlled by ITA. ITA disclaims all responsibility for their content, accuracy, or availability. Your use of third-party services is at your sole risk, and you must comply with their terms. ITA may restrict your access if a third-party provider blocks you for compliance reasons, without explanation or liability.
11. Risk Management and Compliance
ITA may, at its sole discretion, perform periodic risk reviews, including mandatory interviews, to detect prohibited activities (e.g., fraud, identity theft). You must participate fully, and failure to comply may result in service termination and reward forfeiture. ITA is not liable for losses due to your failure to apply adequate risk management.
12. Prohibited Uses
You are expressly prohibited from:
● Using the Site or Services for any illegal, unethical, or unauthorized purpose.
● Infringing ITA’s or third-party intellectual property rights.
● Engaging in harassment, defamation, or malicious activities.
● Scraping, hacking, or circumventing security measures.
● Participating as an owner, employee, or affiliate of a competing proprietary trading
firm.
● Registering multiple accounts without ITA’s written approval.
Violations result in immediate termination and potential legal action, at ITA’s discretion.
13. Disclaimer of Warranties; Limitation of Liability
THE SITE AND SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. ITA does not guarantee uninterrupted, secure, or error-free operation, nor the accuracy or reliability of results obtained. You use the Services at your sole risk. TO THE MAXIMUM EXTENT PERMITTED BY LAW, ITA, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES (INCLUDING LOSS OF PROFITS, DATA, OR USE) ARISING FROM YOUR USE OF OR INABILITY TO USE THE SITE OR SERVICES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ITA’s total liability, if any, shall not exceed the fees you paid to ITA in the preceding 30 days. No performance commissions or rewards constitute a liability of ITA, and claims related to such payments are excluded.
14. Indemnification
You agree to indemnify, defend, and hold harmless ITA, its affiliates, officers, directors,
employees, agents, and third-party partners from any claims, losses, damages, liabilities, or expenses (including reasonable attorneys’ fees) arising from:
● Your use or misuse of the Site or Services.
● Your breach of these Terms or any applicable law.
● Your violation of third-party rights.
ITA may assume control of any defense at its discretion, and you shall fully cooperate.
This
obligation survives termination of the Agreement.
15. Disputes & Arbitration
READ CAREFULLY: THIS SECTION LIMITS YOUR LEGAL RIGHTS. Any dispute, claim,
or controversy arising from or relating to these Terms, the Site, or the Services—whether
known or unknown, in contract, tort, or otherwise—shall be resolved exclusively through
final and binding arbitration under the International Centre for Dispute Resolution (ICDR)
Rules. Arbitration shall be conducted in Rarotonga, Cook Islands, by a single arbitrator, in
English. Judgment on the award may be entered in any court with jurisdiction.
By agreeing
to these Terms, you irrevocably waive the right to:
● Bring claims in court or before a jury.
● Participate in class actions, consolidated claims, or representative proceedings.
To initiate arbitration, you must send a written notice of your claim ("Notice") to:
Address:
Email: support@itafx.com
The Notice must (a) describe the nature and basis of the claim or dispute, and (b) specify
the relief sought. If we initiate arbitration, we will send a Notice to your registered email or
address on file. If you and ITA do not resolve the dispute within 30 days of the Notice, either
party may commence arbitration.
If arbitration is deemed unenforceable under your local law, disputes shall be resolved
exclusively in the High Court of the Cook Islands, and you consent to its jurisdiction and
venue. This provision survives termination of this Agreement or your use of the Services.
16. Termination
ITA may terminate or suspend your access to the Site or Services at any time, with or
without cause or notice, including for suspected breaches. Upon termination:
● All rights granted to you cease immediately.
● You forfeit all fees paid and claims to rewards.
● Obligations (e.g., indemnification, confidentiality) survive.
You may terminate by ceasing use and notifying ITA, but prior obligations remain
enforceable.
17. Governing Law and Jurisdiction
These Terms are governed by the laws of Cook Islands, without regard to conflict of law principles. Except where prohibited by mandatory local law, any disputes not subject to arbitration shall be resolved exclusively in Cook Islands courts, and you consent to their jurisdiction and venue
18. Force Majeure
ITA shall not be liable for any failure or delay in performance due to events beyond its reasonable control, including but not limited to natural disasters, war, governmental actions, pandemics, or technical failures.
19. Entire Agreement; Severability
These Terms, including incorporated policies, constitute the entire agreement between you and ITA, superseding all prior agreements. If any provision is deemed invalid, it shall be severed, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.
20. No Waiver; Assignment
No waiver of any Term shall be effective unless in writing and signed by ITA. ITA may assign its rights and obligations under this Agreement at its discretion; you may not assign yours without ITA’s prior written consent.
21. Contact Information
Direct inquiries to: support@itafx.com (mailto:support@itafx.com).
Appendix A: Responsible Trading Policy
Objective: To promote ethical and prudent trading practices within a safe and structured
framework.
Obligations:
● Exercise caution in trading, steering clear of hasty choices and news-driven
transactions.
● Implement effective risk management strategies (e.g., limiting risk to 1% or less per
trade).
● Safeguard account capital and consistently evaluate trading performance.
● Adhere to all ITA guidelines and regulations.
Recommended Practices:
● Develop and follow well-defined trading strategies.
● Refrain from reckless or speculative trading habits.
● Concentrate on mastering a select group of assets.
● Keep abreast of global events and market trends.
● Step away periodically to prevent excessive trading.
Penalties for Non-Compliance: Potential outcomes include account suspension,
limitations on access, or forfeiture of performance-based rewards, at ITA’s sole discretion.
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