Legal

Terms of Service

Tradelation^™ LLC · Last updated: May 2026

Draft for legal review. This document has not been reviewed by legal counsel and does not constitute legal advice. Consult a qualified attorney before relying on this document.

1. Acceptance of Terms

By accessing or using Tradelation (the "Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you may not access or use the Service.

These Terms constitute a legally binding agreement between you and Tradelation LLC ("Tradelation", "we", "us", or "our"), a company organized under the laws of the State of South Dakota.

We reserve the right to update these Terms at any time. Continued use of the Service after changes are posted constitutes your acceptance of the revised Terms. Material changes will be communicated via email or in-app notice.

This document is drafted for legal review and does not constitute final legal advice. Tradelation recommends consulting qualified legal counsel before relying on this document.

2. Description of Service

Tradelation is a paper trading platform that enables users to build verified, publicly viewable performance records. The Service includes:

A paper trading terminal where users log trades with verified server-side timestamps
Automated performance analytics including win rate, Sharpe ratio, maximum drawdown, and average return
A Drawdown Journal system that requires written reflection when positions move significantly against the user
Public trader profiles displaying the user's verified trading record
A recruiter marketplace where approved finance firms may discover and contact traders based on their verified records
Backtesting tools for evaluating historical trading strategies

The Service is designed for educational and career-building purposes. It does not involve real money, real securities, or real financial transactions of any kind.

3. User Accounts

3.1 Account Information

You agree to provide accurate, current, and complete information when creating your account.
You are responsible for maintaining the confidentiality of your account credentials.
You agree to notify us immediately of any unauthorized use of your account at hello@tradelation.com.
You may not transfer your account to any other person.

3.3 One Account Per Person

Each individual may maintain only one trader account on the Service.
Creating multiple accounts to circumvent restrictions, inflate performance metrics, or for any other purpose is prohibited and grounds for permanent termination.

4. Trader Rules

By using the Service as a trader, you agree to the following rules that govern the integrity of the verified record:

4.1 Immutability of Trade Records

All trades submitted to the Service are final and immutable. Trades cannot be edited, deleted, or backdated after submission.
You acknowledge that this immutability is the core value proposition of the Service and the reason your record has credibility with firms.
By submitting a trade, you acknowledge and consent to the permanent, publicly visible nature of that record.

4.2 Drawdown Journal

When a position moves against you beyond a defined threshold, you are required to complete a Drawdown Journal entry before taking any further action on that position.
Drawdown Journal entries are permanent, publicly visible, and cannot be edited after submission.
Attempting to circumvent the Drawdown Journal requirement is a violation of these Terms.

4.3 Accuracy and Good Faith

You agree to use the Service in good faith and to accurately represent your trading activity.
You may not manipulate, misrepresent, or artificially inflate your performance metrics.
Trading strategies designed solely to produce misleading statistics (e.g., submitting large numbers of trivially winning trades) are prohibited.

4.4 Paper Trading Only

Tradelation is a paper trading platform. No real money, real securities, real orders, or real financial transactions of any kind are executed through the Service.
The Service does not provide brokerage services, investment advice, or access to any financial markets.

5. Firm Accounts

Finance firms may apply for a firm account subject to approval by Tradelation at our sole discretion.

Firm accounts require a paid subscription. Pricing and subscription terms are provided at the time of firm signup.
Firm accounts are subject to the same general Terms as trader accounts, plus the additional obligations in this section.
Firms may view trader profiles and performance records and may contact traders through the platform's internal messaging system.
Firms may not contact traders outside the platform for solicitation purposes using information obtained through the Service, except where a trader has provided their contact information directly to the firm.
Firms may not share, sell, or redistribute trader profile data to third parties.
Tradelation reserves the right to revoke firm account access for violations of these Terms or conduct that harms traders on the platform.

6. Prohibited Conduct

You agree not to engage in any of the following:

Creating false, fabricated, or backdated trading records
Manipulating or attempting to manipulate your performance data or metrics
Creating multiple accounts or assisting others in doing so
Using automated bots, scripts, or other means to interact with the Service in a non-human manner
Attempting to reverse-engineer, decompile, or otherwise extract the source code of the Service
Harassing, threatening, or abusing other users through any feature of the Service
Sending unsolicited communications (spam) to other users
Uploading or transmitting malicious code, viruses, or any content designed to disrupt or damage the Service
Impersonating any person or entity, or falsely representing your affiliation with any person or entity
Using the Service for any unlawful purpose or in violation of any applicable laws or regulations
Attempting to gain unauthorized access to any part of the Service or any system connected to it

Violation of any of the above may result in immediate account suspension or termination without refund.

7. Intellectual Property

7.1 Platform Ownership

The Service, including its software, design, branding, and content created by Tradelation, is owned by Tradelation LLC and protected by applicable intellectual property laws.
You may not copy, reproduce, distribute, or create derivative works from any Tradelation-owned content without our express written permission.

7.2 User Data

You retain ownership of the trading data, journal entries, and profile content you submit to the Service.
By submitting content to the Service, you grant Tradelation a worldwide, non-exclusive, royalty-free license to display, distribute, and use your trading data and profile for the purposes of operating the Service, including making your public profile accessible to other users and firms.
This license persists for publicly visible records even if you close your account, consistent with the immutability policy disclosed at signup.

8. Disclaimers

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED.

Paper trading performance does not guarantee, predict, or have any necessary relationship to real-world trading results. Past performance in a paper trading environment is not indicative of future results in live markets.
Tradelation is not a registered investment advisor, broker-dealer, or financial institution. Nothing on the Service constitutes investment advice, financial advice, trading advice, or a recommendation to buy or sell any security.
Tradelation does not warrant that the Service will be uninterrupted, error-free, or free from viruses or other harmful components.
Market data displayed on the Service may be delayed and is provided for informational purposes only. Tradelation makes no representations as to the accuracy, completeness, or timeliness of any market data.
Tradelation makes no representations regarding the accuracy of performance metrics, as they are calculated from user-submitted data.

9. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, TRADELATION LLC AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM:

Your access to or use of (or inability to access or use) the Service
Any conduct or content of any third party on the Service
Any content obtained from the Service
Unauthorized access, use, or alteration of your transmissions or content
Any hiring decisions, business decisions, or investment decisions made based on information obtained through the Service

IN NO EVENT SHALL TRADELATION'S AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS RELATING TO THE SERVICE EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID TO TRADELATION IN THE TWELVE MONTHS PRECEDING THE CLAIM, OR (B) ONE HUNDRED DOLLARS ($100).

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN WARRANTIES OR LIABILITY, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

10. Termination

We reserve the right to suspend or terminate your account at any time, with or without notice, for conduct that we determine, in our sole discretion, violates these Terms, is harmful to other users, is harmful to the integrity of the Service, or for any other reason.

Upon termination, your right to use the Service will immediately cease. However, because trade records are immutable by design, your publicly submitted trade data may remain accessible to preserve the integrity of the verified record, as disclosed at signup.

You may terminate your account at any time by contacting us at hello@tradelation.com. Firm account terminations do not entitle you to a refund of prepaid subscription fees except as required by applicable law.

All provisions of these Terms that by their nature should survive termination shall survive, including without limitation intellectual property provisions, disclaimers, indemnification, and limitations of liability.

11. Indemnification

You agree to indemnify, defend, and hold harmless Tradelation LLC and its officers, directors, employees, and agents from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms or your use of the Service.

12. Governing Law and Dispute Resolution

These Terms are governed by and construed in accordance with the laws of the State of South Dakota, without regard to its conflict of law provisions.

Any dispute arising out of or relating to these Terms or the Service shall first be attempted to be resolved through good-faith negotiation between the parties. If negotiation fails, disputes shall be resolved by binding arbitration in accordance with the rules of the American Arbitration Association, with proceedings conducted in South Dakota.

Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to prevent the actual or threatened infringement of intellectual property rights.

YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS OR REPRESENTATIVE ACTION.

13. General Provisions

Entire Agreement: These Terms, together with our Privacy Policy, constitute the entire agreement between you and Tradelation regarding the Service.
Severability: If any provision of these Terms is found to be unenforceable, the remaining provisions will continue in full force and effect.
Waiver: Failure by Tradelation to enforce any right or provision of these Terms will not be considered a waiver of those rights.
Assignment: You may not assign your rights under these Terms without our prior written consent. Tradelation may assign its rights without restriction.
Notices: We may provide notices to you via email or through the Service. Notices to Tradelation should be sent to hello@tradelation.com.

14. Contact

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

Tradelation LLC

Email: hello@tradelation.com

Website: tradelation.com