Black Vault Legal
Risk Disclosure
Important risks and limitations of simulated futures evaluations and performance information.
Version: 2026.08.29-counsel-baseline Effective / last updated: August 29, 2026
Status: FOUNDER COMPLIANCE BASELINE - FINAL COUNSEL REVIEW PENDING
Simulation comes first
All Black Vault evaluation and Simulated Funded Accounts are simulated. When commercial sales are activated, an evaluation fee will purchase time-limited digital access to a rules-based educational evaluation service. It will not be a deposit, investment, brokerage fund, or contribution of trading capital. Simulated balances and profits are not customer-owned cash and cannot be withdrawn. A “Vault Payout” means a company-funded contractual program payment determined only under the published rules; it is not a withdrawal or redemption of simulated funds.
Futures and leveraged trading involve substantial risk. The evaluation is educational and simulated, but habits or decisions formed in simulation may not transfer to live markets.
Hypothetical performance limitations
Hypothetical or simulated results have inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Because trades have not been executed, results may understate or overstate the effects of market factors such as liquidity, slippage, latency, commissions, rejected orders, and the ability to follow a trading program despite losses. No representation is made that any account will achieve results similar to those shown.
Technology and data risk
Internet, device, platform, market-data, exchange, and provider services can be delayed, interrupted, inaccurate, or unavailable. A dashboard display is informational and may temporarily lag the provider’s authoritative record. Traders must monitor platform messages, account status, and risk controls. Black Vault may pause service to protect users or data integrity.
No advice or guarantee
Black Vault does not provide investment, commodity trading, legal, accounting, or tax advice. Content, dashboards, leaderboards, Arena results, and educational material are not individualized recommendations. Passing an evaluation, receiving a Simulated Funded Account, appearing on a leaderboard, or receiving a prior Vault Payout does not guarantee future performance or payment.
Current public status: the publicly reviewable checkout is a $0 merchant-review flow. It does not charge a payment method, create an order for value, provision an evaluation, reset an account, or activate a subscription. Payment capture, paid account fulfillment, Vault Payout processing, Arena prizes, and Arena subscriptions remain disabled unless Black Vault posts and records a separately approved activation.
Read the complete rules
Before purchase and trading, review the Evaluation Rules, Simulated Account Disclosure, Provider Disclaimer, and the product-specific order review.