Agreements & Disclosures - Target Trading Tournament Agreement

Official Entry Agreement

The undersigned wishes to compete in the Grand Prix Evolution (GPE) Tournament sponsored by Legends Trading Group, Inc. (“Sponsor”) and has purchased a GPE account with Sponsor. If accepted, it is agreed that the undersigned (referred to herein as “Entrant”), shall be entitled to participate in the Grand Prix Evolution (GPE) Tournament subject to the following conditions:


Entrants will be provided a $125,000 Virtual Funds futures trading account, trading platform, and CME Level 1 Bundle market data upon entry. To demonstrate track records for individual strategies, the entrant may open more than one account at the beginning of the GPE Tournament or at any time during the GPE Tournament Period. Each account will be separately Virtually funded and margined.


The entrant agrees to begin trading on or after the first trading day of the selected Tournament.  The GPE Tournament trading period will end as of the close of  the US markets (4pm EST) on the last trading day of the selected Tournament. The period from the first trading day of the GPE Tournament and the last day of the GPE Tournament will be referred to as the “Time Period.”


The 1st place winner will receive a Flytech Computer and a free 1st month Subscription to Legends Trading Apprentice $150K Account plan 2nd and 3rd place will each win free 1st month Subscription to Legends Trading Apprentice $150K Account plan  Entrant irrevocably authorizes Sponsor, in its sole discretion, to obtain and print, publish, televise, or otherwise utilize his, her or their names, photographs, account statements, and descriptions of participation in connection with this or future Tournaments and with other promotions deemed appropriate by the sponsor.


The Entrant represents that he or she is of legal age in the jurisdiction in which they reside and that neither they nor any member of their household is related to principals or employees of the Sponsor.


All trading shall be conducted in accordance with a separately executed Agreement with Target Trading EUA. Entrant agrees to the following Tournament rules and regulations, which may limit those outlined in the Agreement. The purpose of the Tournament rules is to ensure that every Entrant will have the same opportunity for success. Sponsor reserves the right to amend, waive, or interpret any rule if, in their sole discretion, to do so would be in the best interests of the Tournament.

  1. Trading in the Tournament will be limited to listed futures contracts thereon on any exchange available through and approved by the Sponsor. Trading of options is prohibited and may result in disqualification.
  2. Entrant agrees to place all orders through Sponsor’s provided order entry platform(s).
  3. This Tournament is intended for Day Trading only. Any entrant who holds a position past the closing of a session is subject to closure of the trades and potentially disqualification at the Sponsor’s discretion. Trading in various sessions (i.e, Globex) is permitted, but positions must be closed 10 minutes prior to session conclusion. Trades may not be held between sessions.
  4. Accounts will be charged a virtual brokerage commission of $1.44 per contract side ($0.50 for Micros) for futures trades and plus exchange, NFA, trade processing, and transaction. This is not an actual charge, but rather designed to create a realistic profit/loss calculation.
  5. In the event of errors in order entry or execution, the determination of Sponsor shall be final with regard to Tournament standings.
  6. Trading must be conducted in the Entrant’s Virtual Tournament account(s). A minimum of ten (10) round-turn trades of any contract number, per account, must be placed during the Tournament Period for Entrant to qualify for a Tournament Award for that account. Any multiple-contract trade that is offset by a group of smaller quantities in clearing shall be considered a single trade for the purpose of meeting the ten (10) round-turn trade minimum.
  7. Each Entrant agrees that Sponsor has the right to remove or bar any Entrant from the Tournament, who, in their sole judgment, would tend to dishonor the Tournament, has violated any rule, law, or regulation pertaining to futures trading, or who has attempted to benefit from any collusion or other trading irregularity, including but not limited to trading contracts in opposite directions within the same or similar asset classes in more than one account. Sponsor shall have the same right to remove or bar Account Managers.
  8. Entrant permits Authorized Broker to provide Sponsor with the ability to view activity in Entrant’s account(s) to monitor Tournament performance.
  9. Entry in the Tournament is void where prohibited by law. Winners will be responsible for any and all taxation on awards.

Initial margin for new positions and maintenance margin for existing positions must be maintained in accordance with the Sponsor’s requirements, which may be adjusted from time to time without prior notice. Entrants must liquidate positions to meet a margin call. Tournament accounts may not be cross-margined by other accounts owned by the entrant.


Each Tournament account is set up with a Trailing Max Loss of  $3,500 and Max Daily Loss of $2,750.  This means that as a trader, you cannot lose more than $3,500 of your accounts high watermark value based on open and closed positions or lose more than $2,750 in one trading session.  If the account exceeds the trailing max loss of $3,500 or the daily loss of $2,750, it will be liquidated and the account will be disqualified.

Entrants may purchase an account reset through the dashboard if they wish to start again.  Account reset will enable trading with $125,000 virtual funds.

Sponsor may liquidate all open positions and prohibit further trading for the rest of the day if an account’s total equity falls 50% from the total equity that existed at the start of the trading day. In such circumstances, the account may resume trading in the Tournament the following day.

If entrants account(s) is on margin call at close of market, positions will be liquidated and the account will be disqualified . The entrant then has the option to reload his or her account for a reset fee.


The top traders as specified in paragraph 3 will be determined based on net equity return after the Time Period allotted for the tournament, so long as the minimum of $7,500 has been profited and no rules have been broken, via the net return on investment formula articulated below.

All futures and options positions will be marked to the market on the close of business at month end of the selected month “Ending Equity.” For the purposes of the Tournament results, Ending Equity will be ledger balance minus commissions due for liquidating any open positions.

The Entrant with Ending Equity will that shows the highest percentage increase over Initial Starting Balance will be the winner (“Net ROI”). The percentage increase will be calculated by taking the Ending Virtual Equity divided by the starting Virtual Balance of $125,000.

Subsequent winners (“Second” and “Third” places) are determined by the next highest Net ROI entrant, so long as the earning was larger than the $7,500 required.

If an entrant does not have the minimum of $7,500 in earnings by the end of the time period of the tournament, they are disqualified from winning.

Account resets are permitted.


Entrant shall not and agree not to, either alone or in concert with others, use the Tournament or his or her participation in the Tournament for promotional purposes unless approved in advance in writing. If the Entrant violates this provision, the Entrant may be disqualified from competing in the Tournament or future Tournaments at Sponsor’s sole discretion. If found by Sponsor to be in violation, Entrant agrees to pay all legal fees and damages incurred by Sponsor to enforce this provision, and, if applicable, return to Sponsor any award(s) received as liquidated damages.


Sponsor shall not be responsible for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission, computer (hardware, software, or interfaces), or communication facilities, or for any other cause beyond their reasonable control or anticipation.


Entrant agrees to indemnify Sponsor and hold them harmless from and against any and all liabilities, losses, damages, costs, and expenses, including attorney’s fees, incurred by any of them resulting from misrepresentations, breach of any provision of this agreement, the trading in Entrant’s account(s), or legal action brought by Entrant and adjudicated in favor of Sponsor.


Sponsor reserves the right to modify the length of the trading period, Award Type, to postpone the starting date, or to cancel the Tournament if, in their sole discretion, they determine that such action is reasonable or necessary. This agreement shall not be deemed accepted until approved by the Sponsor. Sponsor, in their sole discretion, may reject any Entrant’s application for any reason and return it together with all Entry Fees submitted.

  1.         All matters arising out of or relating to this Agreement shall be governed by and construed in accordance with the internal laws of the State of Florida without giving effect to any choice or conflict of law provision or rule. Any legal suit, action, or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby shall be instituted in the federal courts of the United States of America or the courts of the State of Florida in each case located in County of Broward, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such legal suit, action, or proceeding. Service of process, summons, notice, or other document by mail to such party’s address set forth herein shall be effective service of process for any suit, action, or other proceeding brought in any such court.


  1.      Mediation & Arbitration. By participating in the Tournament, you agree that prior to bringing any action in a court, you will first make written demand to the Target Trading Academy identifying the default or other claim, demand mediation in the next 90 days from receipt of notice.  The parties, if the Target Trading Academy elects to mediate, cooperate to mediate within those 90 days.  Failure to select a date within 90 days is not a waiver of the condition precedent to mediate.  If the mediation is waived or unsuccessful, you further agree to arbitrate this matter before a single arbitrator with the American Arbitration Association in Fort Lauderdale, Florida and you shall be responsible for all fees and costs, except Company’s share of the arbitrator’s fees associated with his/her time. The sole exclusion of arbitration is the right to go to court for any injunctive remedy only for a breach of this Agreement or law.