Terms of Service

Institutional Trading Academy (ITA), www.itafx.com and its associated pages

Version: 2.5
Effective Date: August 8, 2026
Supersedes: version 2.4, effective August 7, 2026

Changes in this version: Section 6 payout guarantee shortened from 48 to 24 clock hours after approval. Previous version: 2.4, effective August 7, 2026, which extended Section 7(g) First Payout Bonus to Instant accounts (Instant on Demand).

BY ACCESSING OR USING THIS WEBSITE OR ANY SERVICES PROVIDED BY INSTITUTIONAL TRADING ACADEMY (ITA), YOU IRREVOCABLY AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS ("TERMS" OR "AGREEMENT"). IF YOU DO NOT AGREE, YOU ARE PROHIBITED FROM ACCESSING OR USING THE SITE OR SERVICES. THESE TERMS CONSTITUTE A LEGALLY BINDING CONTRACT BETWEEN YOU AND ITA. READ CAREFULLY BEFORE PROCEEDING.

1. Overview and Scope

This website (the "Site") and all associated services (collectively, the "Services") are operated by Institutional Trading Academy (ITA, referred to as "The Company," "we," "us," or "our"). Access to and use of the Site and Services are expressly conditioned upon your full acceptance of these Terms, including all policies, rules, and notices incorporated herein or linked via hyperlink (e.g., Privacy Policy, Responsible Trading Policy). These Terms govern all users, including but not limited to browsers, customers, traders, and contributors, without exception.

ITA reserves the absolute right, at its sole discretion, to modify, suspend, or terminate the Site, Services, or these Terms at any time, with or without notice. Your continued use following such changes constitutes your unconditional acceptance of the revised Terms. It is your sole responsibility to review the most current version of these Terms, available at www.itafx.com, periodically.

DISCLAIMER: The Services are exclusively for simulated trading evaluations and do not constitute investment services, advice, or opportunities under any applicable law. ITA does not provide, and is not authorized to provide, investment guidance, recommendations, or instructions. No information or communication from ITA, its employees, agents, or representatives shall be construed as investment advice. ITA expressly disclaims all liability for any actions you take based on such information, and you assume full responsibility for your decisions.

The Services are restricted to individuals aged 18 or older residing in jurisdictions where the Services are legally available. By accessing the Services, you warrant that you meet these eligibility criteria and that your use complies with all applicable laws. ITA may, at its sole discretion, deny access to any individual or entity for any reason or no reason, without liability.

2. Trader Representations and Obligations

By using the Services, you represent, warrant, and covenant that:

You are at least 18 years old, of sound mind, and possess full legal capacity to enter into this Agreement.
If acting on behalf of an entity or third party, you have unequivocal authority to bind such party to these Terms, and you indemnify ITA against any claims arising from misrepresentation of such authority.
Your use of the Services does not violate any law, regulation, ordinance, or pre-existing contractual obligation.
You will provide true, accurate, current, and complete information as requested by ITA and promptly update it to maintain its accuracy.
You will not assign, transfer, or share your account with any other person or entity without ITA’s prior written consent, which may be withheld at ITA’s sole discretion.

Any breach of these representations or obligations shall result in immediate termination of your access to the Services, forfeiture of all fees paid, and potential legal action, at ITA’s discretion.

3. Account Registration and Security

To access the Services, you must register an account and maintain the confidentiality of your credentials (e.g., username, password). You are solely responsible for all activities under your account, including unauthorized use resulting from your failure to secure your credentials. You must notify ITA immediately at support@itafx.com of any suspected breach. ITA is not liable for any loss, damage, or unauthorized access arising from your failure to safeguard your account. Only one active profile is permitted per individual, and violations may result in account termination and permanent exclusion from the Services.

4. Know-Your-Customer (KYC) Compliance

ITA reserves the right to require you to complete a KYC onboarding process, including submission of identification documents and personal information, to comply with anti-money laundering and counter-terrorism financing (AML/CFT) laws or internal policies. You must satisfactorily complete all verifications before accessing the Services and promptly notify ITA of any changes to your submitted information. Failure to comply, or provision of false, incomplete, or misleading information, shall entitle ITA to refuse, restrict, or terminate your access without notice or refund, at its sole discretion. ITA may obtain additional information about you from third-party sources without your knowledge, as permitted by law.

5. General Conditions

Right to Refuse Service: ITA retains the unfettered right to refuse, restrict, or terminate service to any individual or entity at any time, for any reason or no reason, without liability.
Data Transmission: You acknowledge that your content (excluding payment data) may be transmitted unencrypted across networks, and ITA is not responsible for any interception or alteration. Payment data is encrypted, but ITA disclaims no liability for breaches beyond its control.
Prohibited Actions: You shall not reproduce, duplicate, copy, sell, resell, or exploit any portion of the Site or Services without ITA’s express written consent, which may be withheld at ITA’s sole discretion.
Third-Party Access: ITA may grant third parties temporary access to the Site for maintenance or troubleshooting, under monitored conditions, without liability.

6. Payments and Refunds

All payments for Services (e.g., registration fees) are final, non-refundable, and solely for access to simulated trading evaluations. You acknowledge that the Service is delivered immediately upon payment, and no refunds or cancellations are permitted under any circumstances, including dissatisfaction, termination, or failure to meet evaluation criteria. ITA reserves the right to modify pricing at any time without notice.

24-Hour Payout Guarantee: Once a withdrawal request is approved, ITA guarantees payment within 24 clock hours (not business hours).

7. ITA Evaluation and Funded Stages

a. Maximum Loss Limits

You must not exceed the following maximum loss limits, measured as a static drawdown from the starting balance of the account, at any time during the Evaluation or Funded Stages:

Instant Model: 6%
Instant Funding Pro: 8%

b. Maximum Daily Loss Limits

You must not exceed the daily loss limit, based on the higher of starting equity or balance, reset at 00:00 CEST:

Instant Model: 3%
Instant Funding Pro: 4%

c. Profit Targets (Evaluation Stage)

Instant and Instant Pro accounts have no profit target during the Evaluation Stage.

d. Minimum Trading Days

Evaluation: No minimum trading days on Instant or Instant Pro accounts.
Funded: No minimum trading days on Instant or Instant Pro accounts.

e. Compliance Requirements

You must comply with real market principles, ITA’s trading rules (available at www.itafx.com), and the Responsible Trading Policy (Appendix A). Violations result in immediate termination without refund.

f. Termination for Non-Compliance

Failure to adhere to the above conditions during any stage shall result in account termination, forfeiture of all fees and simulated profits, and exclusion from further participation, at ITA’s sole discretion.

g. First Payout Bonus (Instant and Instant Funding Pro)

Instant accounts (also marketed as Instant on Demand) and Instant Funding Pro accounts (also marketed as Instant PRO) include a First Payout Bonus. On the trader’s first approved payout on a given Instant or Instant Funding Pro account, ITA credits an additional amount equal to the fee paid for that account, in addition to the trader’s profit share.

The First Payout Bonus:

applies to all Instant (Instant on Demand) and Instant Funding Pro (Instant PRO) account sizes;
is paid once per account, on the first approved payout only;
requires the payout request to represent a simulated profit of at least 5% of the starting balance of that account, measured on the same starting balance used for the maximum loss limit in Section 7(a). A first payout request below this threshold is payable as a normal payout, and does not carry the bonus;
requires the account to be in good standing and in full compliance with these Terms at the time of the payout request, including Sections 7(a), 7(b), 7(e) and Section 8. An account that has breached the maximum total loss or the maximum daily loss is closed and generates no payout, and therefore no bonus;
is an additional payment and not a refund. All fees remain final and non-refundable under Section 6 and the Return Policy;
is paid together with the approved payout, under the same 24-hour payment commitment set out in Section 6;
carries no expiry date. It remains available on the first approved payout of the account for as long as the account is open and in good standing.

h. Combined Simulated Capital

The maximum combined simulated capital a trader may manage across all active accounts is $400,000. Accounts added through the one-time post-purchase Instant PRO offer are the only exception: capital added at that offer may extend a trader’s combined ceiling up to $800,000. This extension is available exclusively at that offer, immediately after a purchase, and is not sold separately anywhere else on the Site.

8. Rules of Demo/Simulation Trading

Inactivity: Accounts with no trades for 30 consecutive days will be terminated.
Short-Term Trades: Profits from Master account trades closed within 1 minute are excluded, and any resulting breaches of loss limits are your responsibility. By default, the company does not allow reliance on extremely short trades <1 min as these are often too risky strategies and not replicable at institutional levels.
News and Weekend Trading:
- News trading is permitted across all ITA’s accounts.
- Weekend trading/holding is permitted on Instant PRO Funded Accounts. If trades are held over the weekend on Instant accounts, it will be deemed a hard breach.
- Overnight Holding: This is allowed on all programs.
Consistency Score: Instant Funded (50%) meaning one trading day must not represent over 50% of the total profit. For more information, refer to www.itafx.com “Rules”.
Failure to meet this, delays/impacts progress at ITA’s discretion.
Instant Funding PRO: not applicable
All additional rules are mentioned in our FAQ/Website at www.itafx.com

Prohibited Trading Practices

You are strictly prohibited from engaging in:

Gap trading, high-frequency trading, latency arbitrage, hedging, reverse trading, tick scalping, server spamming, or opposite account trading.
Third-party copy trading or account management (except approved trade/risk management EAs).
Excessive risk-taking (e.g., over-leveraging beyond account capacity), gambling behaviour, overtrading, or exploiting platform errors.
Any strategy deemed by ITA, at its sole discretion, to be manipulative, abusive, or inconsistent with responsible trading.

Violations may result in immediate account termination, profit deductions, leverage reductions, or service denial, without refund or compensation. ITA reserves the right to conduct risk assessments and interviews, withholding rewards until compliance is verified. For more examples, refer to Appendix A.

9. Intellectual Property

All content on the Site (e.g., text, graphics, software) is the exclusive property of ITA or its licensors, protected by copyright, trademark, and other laws. You are granted a limited, revocable, non-transferable license for PERSONAL USE ONLY. Any unauthorized use, reproduction, or distribution is prohibited and may result in legal action. You do not acquire any ownership rights in ITA’s intellectual property.

10. Third-Party Links and Services

The Site may include links to third-party websites or services not controlled by ITA. ITA disclaims all responsibility for their content, accuracy, or availability. Your use of third-party services is at your sole risk, and you must comply with their terms. ITA may restrict your access if a third-party provider blocks you for compliance reasons, without explanation or liability.

11. Risk Management and Compliance

ITA may, at its sole discretion, perform periodic risk reviews, including mandatory interviews, to detect prohibited activities (e.g., fraud, identity theft). You must participate fully, and failure to comply may result in service termination and reward forfeiture. ITA is not liable for losses due to your failure to apply adequate risk management.

12. Prohibited Uses

You are expressly prohibited from:

Using the Site or Services for any illegal, unethical, or unauthorized purpose.
Infringing ITA’s or third-party intellectual property rights.
Engaging in harassment, defamation, or malicious activities.
Scraping, hacking, or circumventing security measures.
Participating as an owner, employee, or affiliate of a competing proprietary trading firm.
Registering multiple accounts without ITA’s written approval.

Violations result in immediate termination and potential legal action, at ITA’s discretion.

13. Disclaimer of Warranties; Limitation of Liability

THE SITE AND SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. ITA does not guarantee uninterrupted, secure, or error-free operation, nor the accuracy or reliability of results obtained. You use the Services at your sole risk.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, ITA, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES (INCLUDING LOSS OF PROFITS, DATA, OR USE) ARISING FROM YOUR USE OF OR INABILITY TO USE THE SITE OR SERVICES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ITA’s total liability, if any, shall not exceed the fees you paid to ITA in the preceding 30 days. No performance commissions or rewards constitute a liability of ITA, and claims related to such payments are excluded.

14. Indemnification

You agree to indemnify, defend, and hold harmless ITA, its affiliates, officers, directors, employees, agents, and third-party partners from any claims, losses, damages, liabilities, or expenses (including reasonable attorneys’ fees) arising from:

Your use or misuse of the Site or Services.
Your breach of these Terms or any applicable law.
Your violation of third-party rights.

ITA may assume control of any defense at its discretion, and you shall fully cooperate. This obligation survives termination of the Agreement.

15. Disputes & Arbitration

READ CAREFULLY: THIS SECTION LIMITS YOUR LEGAL RIGHTS. Any dispute, claim, or controversy arising from or relating to these Terms, the Site, or the Services—whether known or unknown, in contract, tort, or otherwise—shall be resolved exclusively through final and binding Alternative Dispute Resolution (ADR) methods like mediation and arbitration, by a single arbitrator, in English. Judgment on the award may be entered in any court with jurisdiction in St Lucia. By agreeing to these Terms, you irrevocably waive the right to:

Bring claims in court or before a jury.
Participate in class actions, consolidated claims, or representative proceedings.

To initiate arbitration, you must send a written notice of your claim ("Notice") to:

Email: support@itafx.com

The Notice must (a) describe the nature and basis of the claim or dispute, and (b) specify the relief sought. If we initiate arbitration, we will send a Notice to your registered email or address on file. If you and ITA do not resolve the dispute within 30 days of the Notice, either party may commence arbitration. This provision survives termination of this Agreement or your use of the Services.

16. Termination

ITA may terminate or suspend your access to the Site or Services at any time, with or without cause or notice, including for suspected breaches. Upon termination:

All rights granted to you cease immediately.
You forfeit all fees paid and claims to rewards.
Obligations (e.g., indemnification, confidentiality) survive.

You may terminate by ceasing use and notifying ITA, but prior obligations remain enforceable.

17. Governing Law and Jurisdiction

These Terms are governed by the laws of St Lucia, without regard to conflict of law principles. Except where prohibited by mandatory local law, any disputes not subject to arbitration shall be resolved exclusively in St Lucia courts, and you consent to their jurisdiction and venue.

18. Force Majeure

ITA shall not be liable for any failure or delay in performance due to events beyond its reasonable control, including but not limited to natural disasters, war, governmental actions, pandemics, or technical failures.

19. Entire Agreement; Severability

These Terms, including incorporated policies, constitute the entire agreement between you and ITA, superseding all prior agreements. If any provision is deemed invalid, it shall be severed, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.

20. No Waiver; Assignment

No waiver of any Term shall be effective unless in writing and signed by ITA. ITA may assign its rights and obligations under this Agreement at its discretion; you may not assign yours without ITA’s prior written consent.

21. Contact Information

Direct inquiries to: support@itafx.com (mailto:support@itafx.com).

Appendix A: Responsible Trading Policy

Objective: To promote ethical and prudent trading practices within a safe and structured framework.

Obligations

Exercise caution in trading, steering clear of hasty choices and news-driven transactions.
Implement effective risk management strategies (e.g., limiting risk to 1% or less per trade).
Safeguard account capital and consistently evaluate trading performance.
Adhere to all ITA guidelines and regulations.

Recommended Practices

Develop and follow well-defined trading strategies.
Refrain from reckless or speculative trading habits.
Concentrate on mastering a select group of assets.
Keep abreast of global events and market trends.
Step away periodically to prevent excessive trading.

Penalties for Non-Compliance

Potential outcomes include account suspension, limitations on access, or forfeiture of performance-based rewards, at ITA’s sole discretion.

What Is Toxic Trading Flow (ITA FX Definition)

At ITA FX, Toxic Trading Flow refers to trading behaviours and practices that pose a risk to both the trader’s account and the stability of our funded trading programs. These types of activities are strictly prohibited because they undermine fair market participation, distort execution quality, and can threaten the overall integrity of our platform.

Examples of Toxic Trading Flow

Toxic Trading Flow encompasses a broad range of harmful trading behaviours, including but not limited to:

1. Excessive Risk-Taking & Over-Leverage
Taking on disproportionate risk relative to your account size or trading strategy, such as trading with excessive leverage that leads to overexposure and rapid drawdowns.

2. Gambling-Style Behaviour
Making impulsive trading decisions driven by emotion rather than sound analysis—such as repeatedly chasing losses or placing high-risk bets without a clear strategy.

3. Overtrading
Opening and closing trades excessively without a systematic rationale, which can erode performance and increase unnecessary risk.

4. High-Frequency Trading (HFT) & Tick Scalping
Executing an abnormally high volume of ultra-short-duration trades in an attempt to exploit fleeting market inefficiencies is considered abusive and toxic.

5. Arbitrage and Latency Exploitation
Using strategies that capitalise solely on disparities in pricing updates between venues or platforms—such as latency arbitrage or cross-platform arbitrage—without genuine market exposure.

6. Poor Money Management
Repeated margin calls or risky trade sizing that reflects a lack of basic risk controls poses a risk to both the trader and the trading ecosystem.

7. Reverse Trading & Behavioural Red Flags
Patterns such as trading during non-liquid hours to exploit thin liquidity or consistently ignoring risk rules can signal toxic intent and disrupt fair execution.

Why Toxic Flow Matters

Toxic Trading Flow isn’t just a compliance term—it has real consequences for the trading environment. When toxic behaviours proliferate:

Execution quality can deteriorate.
Liquidity costs may rise.
Fair pricing and risk allocation can break down.
ITA FX’s ability to hedge and manage risk effectively may be compromised.

Our goal is to foster a level playing field where traders succeed based on skill, discipline, and sound risk management—not by exploiting system weaknesses or engaging in predatory trading practices.

Enforcement and Consequences

Engaging in Toxic Trading Flow may result in:

Restrictions on leverage or trade sizes.
Limits on the number of open positions.
Adjustments to account risk parameters.
Suspension, termination, or closing of accounts.
Forfeiture of profits and eligibility for future funding.

ITA FX continually evolves its monitoring systems to detect and prevent toxic flow and ensure our trading ecosystem remains fair, transparent, and sustainable for all qualified traders.