Legal & Compliance
Rules & Prohibited Activities
Last updated: April 3, 2026
Evaluation Rules
The following rules apply to all Veltafi evaluation accounts. By purchasing an evaluation, you acknowledge that you have read, understood, and agree to abide by every rule listed below. Violation of any rule may result in immediate account failure without refund.
Account must reach $106,000 in simulated equity
End-of-day calculation only — not intraday
Maximum simulated loss per trading session (resets at 5:00 PM EST)
A trading day is any day where at least one position is opened
No expiration — take as long as you need
Standard CME E-mini futures
Micro CME futures
CME Group futures only
Sunday 6:00 PM – Friday 5:00 PM EST
Positions may be held overnight at your own risk
Non-refundable — paid in USDC
Resets a failed evaluation to starting balance
Trailing Drawdown Mechanics
The trailing drawdown is the core risk management mechanism of the Veltafi evaluation. It protects the simulated capital from excessive loss while giving traders room to operate intraday.
1. Initial threshold: The drawdown threshold starts at $97,000 ($100,000 minus $3,000).
2. End-of-day trailing: At market close (5:00 PM EST), the threshold is recalculated. It trails your end-of-day equity high water mark by $3,000. The threshold only moves up, never down.
3. Lock-in: Once the drawdown threshold reaches $100,000 (the starting balance), it locks permanently. It will never exceed $100,000.
4. Breach: If your simulated equity falls to or below the drawdown threshold at any point (intraday or otherwise), the account is immediately failed and all positions are liquidated.
5. Not intraday trailing: Intraday equity swings above your current high water mark do not move the threshold. Only the end-of-day balance is used for recalculation.
Daily Loss Limit
Each trading session has a $1,500 maximum loss limit. This limit is calculated as the difference between your session starting equity and your current equity.
The daily session resets at 5:00 PM EST each trading day. If your equity drops $1,500 or more below your session starting equity at any point during the session, the account is immediately failed.
This rule exists to prevent catastrophic single-session losses and is non-negotiable.
Funded Account Terms
Traders who pass the evaluation are eligible for a funded account under a separate contractor agreement. The following terms apply to all funded accounts:
Prohibited Activities
The following activities are strictly prohibited on the Veltafi platform. Violation of any prohibition below will result in immediate account termination without refund and may result in permanent ban from the platform.
1. Exploitation of Platform Vulnerabilities
Deliberately exploiting bugs, glitches, latency arbitrage, data feed errors, or any technical defect in the platform, market data feed, or execution system. This includes but is not limited to: stale price exploitation, gap exploitation at market open intended solely to abuse fill logic, and any trading strategy designed to exploit known platform limitations rather than genuine market analysis.
2. Automated High-Frequency Trading (HFT) Bots
The use of automated trading bots, scripts, or algorithms designed to execute high-frequency strategies that exploit the simulated execution environment. Legitimate discretionary trade automation (e.g., bracket orders, trailing stops) is permitted; systematic exploitation of the B-book model is not.
3. Account Sharing & Transfer
Sharing your account credentials with any third party, allowing another person to trade on your account, or transferring your account to another individual. Each evaluation account is licensed to a single individual and is non-transferable.
4. Multi-Account Hedging & Coordination
Opening opposing positions across multiple Veltafi accounts (whether owned by you or coordinated with others) to guarantee a net profit. This includes any form of cross-account hedging, copy-trading between Veltafi accounts, or coordinated group trading strategies designed to exploit the evaluation structure.
5. Identity Fraud & False KYC Information
Providing false, misleading, or stolen identity documents during the KYC verification process. Using a VPN, proxy, or other means to misrepresent your geographic location or jurisdiction. Attempting to circumvent OFAC, FINTRAC, or other international sanctions lists.
6. Market Manipulation
Any form of wash trading, spoofing, layering, or other manipulative trading practices — whether or not they would constitute violations under securities law — are prohibited on the Veltafi platform.
7. Reverse Engineering & Data Scraping
Attempting to reverse engineer, decompile, or disassemble any part of the Veltafi platform, risk engine, or execution system. Scraping, harvesting, or systematically extracting market data from the platform for external use.
8. Abusive Behavior & Harassment
Threatening, harassing, or engaging in abusive communication with Veltafi staff, other traders, or affiliates. Posting defamatory, fraudulent, or misleading public reviews intended to extort favorable treatment.
9. Circumventing Risk Controls
Any deliberate attempt to bypass, disable, or circumvent the platform's risk management systems, including the trailing drawdown, daily loss limit, or position size limits.
10. Trading from Sanctioned Jurisdictions
Accessing or using the Veltafi platform from any OFAC-sanctioned country or jurisdiction, including but not limited to: Cuba, Iran, North Korea, Syria, Russia, Belarus, and the Crimea, Donetsk, and Luhansk regions of Ukraine.
11. News Trading Exploitation
Opening or closing positions within 2 minutes before or after a scheduled high-impact economic release (e.g., Non-Farm Payrolls, CPI, FOMC rate decisions, GDP) with the sole intent of gambling on a binary directional move. Legitimate positions held through news events are permitted; repeatedly entering large positions immediately before releases as a primary strategy is not. Veltafi reserves the right to flag and review accounts exhibiting a pattern of news-only trading.
12. External Signal & Copy Trading Abuse
Using the same external signal service, trade copier, or third-party alert system across multiple Veltafi accounts (whether your own or belonging to different individuals) to produce correlated or identical trade sequences. Individual use of signals or alerts for your own single account is permitted; coordinated use across multiple accounts to exploit the evaluation structure is prohibited.
13. Weekend Gap Gambling
Holding positions over the weekend with the sole intent of profiting from a gap at Sunday open as a primary or repeated strategy. While overnight and weekend holding is permitted, Veltafi reserves the right to review and take action against accounts whose primary profit source is repeated large weekend gap exposure rather than active intraday or swing trading during market hours.
Enforcement & Penalties
Veltafi employs automated and manual monitoring to detect prohibited activities. Enforcement actions include:
- Account Failure: Immediate termination of the evaluation or funded account. All open positions are liquidated.
- Forfeiture of Funds: Any pending or unreleased payouts may be forfeited. Evaluation fees are non-refundable.
- Permanent Ban: The offending user may be permanently banned from creating new accounts or purchasing future evaluations.
- Legal Action: In cases of fraud, identity theft, or money laundering, Veltafi reserves the right to report the activity to relevant authorities, including FINTRAC (Canada), FinCEN (US), and applicable international law enforcement agencies.
Veltafi's determination of rule violations is final. All decisions are made at Veltafi's sole discretion. Traders may appeal enforcement actions by contacting compliance@veltafi.com within 14 days of the action.
Risk Disclosure
Veltafi is not a broker-dealer, investment advisor, or financial institution. Veltafi operates exclusively as a simulated trading evaluation platform. No real capital is at risk during the evaluation phase.
Futures trading involves substantial risk of loss and is not suitable for all investors. Past simulated performance is not indicative of future results. The simulated trading environment may differ from live market conditions in execution speed, liquidity, and slippage.
Funded account payouts represent compensation for demonstrated trading skill within a simulated environment and are subject to the terms of a separate contractor agreement. Veltafi does not guarantee any level of income or profit.
By using the Veltafi platform, you acknowledge that you understand the risks involved in futures trading and that all capital used on this platform is simulated.
Governing Law & Jurisdiction
Veltafi is operated from Montreal, Quebec, Canada. These rules are governed by and construed in accordance with the laws of the Province of Quebec and the federal laws of Canada applicable therein.
Any dispute arising from the use of the Veltafi platform shall be resolved exclusively in the courts of the judicial district of Montreal, Quebec, Canada.
Veltafi is not regulated by the Autorité des marchés financiers (AMF) as it does not engage in broker-dealer activities, securities trading, or the management of client funds. Veltafi operates strictly as a technology-based evaluation service.
Questions about these rules?
Contact Compliance