Risk Disclosure

Evaluation and funded accounts are governed by the prop firm. Each firm sets its own rules: profit targets, drawdown limits, consistency rules, position limits, allowed products and hours, payout schedules and payout conditions. A firm may change its rules, suspend or close an account, or deny or delay a payout under its own terms, and FREEDOM QUANT has no control over those decisions.

Many prop-firm accounts are simulated. Evaluation accounts, and in many cases funded accounts, are simulated trading environments in which the firm, not an exchange, is the counterparty to the payout. A payout is a contractual obligation of the prop firm. If the firm becomes insolvent, changes its terms or stops paying, the payout may not arrive.

[Counsel and owner to confirm the wording for the specific firms used.]

Fees can be lost. Evaluation fees, activation fees, reset fees, data fees and the account allocation itself can be lost in full if the system breaches a rule or if a firm closes an account.

Payouts are not fixed. The timing and size of payouts depend on trading results, on the firm's payout rules and on the firm's processing. Figures published on this site describe what happened to a specific group in a specific period, not what will happen to you.

Market risk. Strategies that performed well in the past can stop working when market conditions change. Losses can occur quickly, including during periods of high volatility, low liquidity, news events and market halts.

Model and data risk. Strategies are built and tested on historical and forward data. Backtests and forward tests have limitations, including survivorship, over-fitting and differences between test conditions and live execution. Testing results do not predict live results.

Technology and execution risk. Automated systems depend on servers, data feeds, brokerage and prop-firm platforms, internet connectivity and third-party software. Outages, latency, bugs, disconnections and platform changes can cause missed trades, unintended positions or losses.

Operational risk. Team monitoring reduces, but does not eliminate, the chance of a rule breach or an unmanaged position. The system trades under the rules of each firm as coded; a rule change the system has not been updated for can cause a breach.

Concentration risk. Your allocation is concentrated in a small number of accounts at a small number of firms, in a narrow set of instruments. Losses in one account are not offset by diversification.

You may not recover your entry. The structure directs 100% of the first profits actually paid out to the client until the client's entry is recovered, then splits later payouts 70% to the client and 30% to FREEDOM QUANT. This describes how payouts are allocated if and when they occur. It is not a promise that payouts will occur, that the entry will be recovered, or that any particular amount or timing will be achieved.

No assurance of profit. FREEDOM QUANT does not offer any assurance, warranty or protection against loss. Any person who tells you that a trading result is certain is misleading you.

Liquidity. The license fee and the account allocation are paid up front and are not refundable except as stated in the written agreement. The money is not available to you during the term.

Taxes. Payouts may be taxable income in your jurisdiction. You are responsible for your own tax reporting and for any forms a prop firm requires. FREEDOM QUANT does not provide tax advice.