CME Futures Rules - LVL Funding

Version: July 21, 2026

1. Purpose

These rules define the rights, obligations and operating standards for participation in the LVL Funding proprietary trading desk, a brand owned by AUA Market Services LTD, which provides capital for traders to trade centralized-market contracts through evaluation programmes, a paid simulator and the LVLive CME real account.

LVL Funding is a technology, education and services company. It does not act as a broker, custodian, financial institution, investment manager or financial adviser. Order execution is carried out through partner brokers and external liquidity providers, following international operating standards.

2. Eligibility

2.1

The trader must:

• Be at least 18 years old;
• Have full legal capacity;
• Read, understand and accept these rules and the Terms of Use.

2.2

Participation assumes prior knowledge of:

• Leverage risks;
• Futures market mechanics;
• Market volatility and risks;
• Possibility of losing the full amount paid for the evaluation.

3. Evaluation Programme

3.1 General Structure

The Evaluation Programme may consist of:

• 1 stage with activation;
• 1 stage without activation;
• Instant Funding;

as indicated on the card of the plan purchased.

3.2 Elements of each stage

• Defined profit target;
• Maximum total loss (maximum drawdown);
• Completion period (30 days);
• Consistency rules;
• Minimum trading days;
• Risk rules.

3.3 Period

• LVL Futures One plans with or without activation: 30 days. Instant Funding: no expiry. LVL ONE FIRE plans: no completion deadline (see item 3.10).
• Start Period: The trader has up to 30 (thirty) calendar days after purchase to place the first trade on the evaluation account. After this period, the plan expires automatically with no right to reactivation or refund.

3.4 Grounds for Failure

The trader will fail if:

• Maximum total loss is breached;
• Account inactivity for 30 days;
• Target is not reached within the period;
• Inappropriate conduct or intentional rule violation;
• Violation of section 5 — Risk Rules.

3.5 Consistency Rule

• Test accounts (with or without activation): maximum of 40% of the plan target in a single day; excess will be disregarded. LVL ONE FIRE plans: 30% of the target — see item 3.10.
• Paid Simulator: maximum of 40% of total period profits in a single day, respecting the withdrawal limit; excess will be disregarded. Instant Funding plans: 20% daily consistency — see item 3.9. LVL ONE FIRE plans: 30% — see item 3.10.
• LVLive CME (Real) account: no percentage consistency rule applied.
• The consistency rule is calculated on net profit obtained exclusively within the current analysis window: for the first withdrawal, from account activation until the request date; for subsequent withdrawals, from the date of the last approved withdrawal until the new request.

3.6 Flow after Evaluation approval

3.6.1 Analysis request

After meeting all requirements, the trader must:

• Close all positions;
• Send an email to: desk@lvlfunding.trade

3.6.2 Performance review

The review will take place within up to 5 business days.

3.6.3 Paid Simulator

After approval:

• The trader receives a Paid Simulator account with the same risk rules as the LVLive CME account;
• May receive profits according to items 3.5 and 6.

3.6.4 Simulator duration

Duration is indefinite; migration to the LV Live CME (real) account is at the discretion of the LVL Funding risk team.

3.6.5 Activation Fee (only for the 1-stage plan with activation)

After evaluation approval, the trader must pay the Activation Fee. Amounts:

• 30,000 account: US$ 77.00;
• 60,000 account: US$ 87.00;
• 90,000 account: US$ 97.00;
• 130,000 account: US$ 117.00.

The Paid Simulator account will be released only after payment confirmation. Other plans are exempt from the activation fee.

3.7 Nature of Accounts

• LVL Futures One Evaluation Account: one evaluation stage with activation; one evaluation stage without activation; exclusively for testing and qualification; no withdrawals, payouts, remuneration or profit distribution; creates no financial link with LVL Funding; accounts with activation are subject to the activation fee under item 3.6.5. Maximum of 5 accounts per tax ID.
• Paid Simulator: the trader's first account after approval on test plans; migration to the LVLive CME account is at the technical discretion of the risk team; paid simulation account; allows withdrawal only of profits above the Operating Margin (capital + cushion of 1x the target), respecting other withdrawal rules; does not allow withdrawal of principal capital and/or operating margin; maximum daily profit may not exceed 40% of gains from the initial plan purchased, following the consistency rule and plan withdrawal limits; excess will be disregarded. Maximum of 5 accounts per tax ID.
• LV Live CME (Real) Account: real account with desk capital; total margin composed of the plan cushion. E.g. US$ 30,000 plan → US$ 1,800; allows withdrawal only of profits exceeding the total margin, respecting other withdrawal rules. Maximum of 3 accounts per tax ID, with increases at the risk team's discretion.

3.8 Approval Expiry

After reaching the target, the trader has a maximum period of 7 (seven) calendar days to pay the Activation Fee (when applicable).

Failure to comply will result in approval expiring, with no right to refund or account reactivation.

3.9 Instant Funding Plans (LVLive CME)

3.9.1

Instant Funding plans grant immediate access to the paid simulator through a single payment, with no prior evaluation stage, no activation fee and no expiry date. The specific parameters in this section apply to these plans and prevail over the general rules in these regulations whenever there is a conflict. Where not expressly provided in this section, the other rules apply subsidiarily (in particular items 5 — Risk Rules, 6 — Profit Distribution and 10 — Trader Conduct).

Common parameters for all Instant Funding plans: profit split of 80% for the trader / 20% for the desk, 20% daily consistency, minimum of 5 positive days for withdrawal and BlackArrow Plus platform.

Parameters by plan:

• US$ 30,000 account
  • Maximum loss (drawdown): US$ 1,500;
  • Daily loss (DLL): US$ 750;
  • Financial cushion: US$ 1,500 (Operating Margin = capital + cushion = US$ 31,500);
  • Contracts allowed: 2 minis or 20 micros;
  • Maximum withdrawal per request: US$ 900.
• US$ 60,000 account
  • Maximum loss (drawdown): US$ 3,000;
  • Daily loss (DLL): US$ 1,500;
  • Financial cushion: US$ 3,600 (Operating Margin = capital + cushion = US$ 63,600);
  • Contracts allowed: 4 minis or 40 micros;
  • Maximum withdrawal per request: US$ 1,300.
• US$ 90,000 account
  • Maximum loss (drawdown): US$ 3,600;
  • Daily loss (DLL): US$ 1,800;
  • Financial cushion: US$ 4,500 (Operating Margin = capital + cushion = US$ 94,500);
  • Contracts allowed: 6 minis or 60 micros;
  • Maximum withdrawal per request: US$ 1,800.
• US$ 130,000 account
  • Maximum loss (drawdown): US$ 5,000;
  • Daily loss (DLL): US$ 2,500;
  • Financial cushion: US$ 6,500 (Operating Margin = capital + cushion = US$ 136,500);
  • Contracts allowed: 8 minis or 80 micros;
  • Maximum withdrawal per request: US$ 2,500.

3.9.2 Drawdown (Maximum Loss)

Maximum loss is calculated on an EOD (end of day) basis, using the daily closing balance. Only P&L from closed trades is considered when calculating the limit at the end of each day. Intraday fluctuations with open positions do not readjust the limit, but if equity falls below the maximum loss floor at any time during the day, the account is closed immediately.

3.9.3 Daily Loss (DLL)

Loss limit permitted in a single day (Daily Loss Limit), calculated on an EOD basis. If accumulated loss during the day reaches the plan's DLL value, the account is closed. Values per plan are set out in item 3.9.1.

3.9.4 News and Market Hours

Instant Funding plans have no news restrictions (the blocking window in item 5.3 does not apply) or market opening hour restrictions. The other prohibited practices in item 5 remain applicable.

3.9.5 Consistency

Maximum of 20% of total period profits in a single day, respecting the withdrawal limit; excess will be disregarded. The calculation window follows item 3.5.

3.9.6 Withdrawal Rules

• Minimum of 5 positive days to request withdrawal (the definition of a positive day follows item 6.3).
• Maximum withdrawal per request as set out in item 3.9.1.
• Only profits above the Operating Margin (capital + cushion) may be withdrawn, respecting the other withdrawal rules in item 6.
• Profit split: 80% for the trader / 20% for the desk.

3.9.7 Platform

Instant Funding plans are released on the BlackArrow Plus platform.

3.9.8 Contracts

Maximum leverage for Instant Funding plans is set out in item 3.9.1 (2/4/6/8 minis), distinct from item 4.4 for other plans. Item 5.3 applies regarding excess contracts.

3.10 LVL ONE FIRE Plans (1-Stage Evaluation)

3.10.1

LVL ONE FIRE is a 1 (one) stage evaluation plan with no activation fee, EOD drawdown in evaluation and Paid Simulator, no news restrictions, no hour restrictions, no completion deadline and no minimum trading days. The specific parameters in this section apply to these plans and prevail over the general rules in these regulations whenever there is a conflict. Where not expressly provided in this section, the other rules apply subsidiarily (in particular items 5 — Risk Rules, 6 — Profit Distribution and 10 — Trader Conduct).

Common parameters for all LVL ONE FIRE plans: standard profit split of 90% for the trader / 10% for the desk (item 6.1), 30% daily consistency, Operating Margin = capital + 1x (one time) the plan target (item 4.3), approval upon reaching the target with a minimum of 3 positive days and BlackArrow Plus platform.

Parameters by plan:

• FIRE 30K (US$ 30,000)
  • Profit target: US$ 1,800;
  • Maximum loss (drawdown): US$ 1,500;
  • Contracts allowed: 3 minis or 30 micros;
  • Operating Margin (capital + 1x target): US$ 31,800.
• FIRE 60K (US$ 60,000)
  • Profit target: US$ 3,600;
  • Maximum loss (drawdown): US$ 2,400;
  • Contracts allowed: 6 minis or 60 micros;
  • Operating Margin (capital + 1x target): US$ 63,600.
• FIRE 90K (US$ 90,000)
  • Profit target: US$ 5,400;
  • Maximum loss (drawdown): US$ 3,150;
  • Contracts allowed: 9 minis or 90 micros;
  • Operating Margin (capital + 1x target): US$ 95,400.
• FIRE 130K (US$ 130,000)
  • Profit target: US$ 7,800;
  • Maximum loss (drawdown): US$ 4,550;
  • Contracts allowed: 13 minis or 130 micros;
  • Operating Margin (capital + 1x target): US$ 137,800.

3.10.2 Drawdown (Maximum Loss)

Drawdown is calculated on an EOD (end of day) basis in both the evaluation account and the Paid Simulator, prevailing over the Trailing methodology in item 5.1. The EOD → Static mechanics described in item 5.1 apply: the floor follows the daily closing balance and, when accumulated profit reaches the target, drawdown converts to static fixed at the account's initial balance. If equity falls below the maximum loss floor at any time during the day, the account is closed immediately.

3.10.3 News and Market Hours

LVL ONE FIRE plans have no news restrictions (the blocking window in item 5.3 does not apply) or market opening hour restrictions. The other prohibited practices in item 5 remain applicable, including the ban on overnight positions.

3.10.4 Consistency

• Evaluation account: maximum of 30% of the plan target in a single day; excess will be disregarded.
• Paid Simulator: maximum of 30% of total period profits in a single day, not exceeding 30% of the test target value and respecting withdrawal limits; excess will be disregarded.

3.10.5 Approval

Approval requires the target to be reached and a minimum of 3 positive days, with no minimum trading days and no completion deadline. The post-approval flow follows item 3.6.

3.10.6 Withdrawals

On the Paid Simulator, standard withdrawal rules in items 3.5, 6.3 and 6.6 apply (including initial withdrawal caps), with a split of 90% for the trader / 10% for the desk.

3.10.7 Platform

LVL ONE FIRE plans are released on the BlackArrow Plus platform.

4. Operating Capital — LVLive (Real) Account

• Migration depends on LVL Funding's technical, emotional and risk analysis; the company is responsible for migration or reallocation to the paid simulator, with no fixed deadline.
• Initial nominal capital will equal the target of the final evaluation stage.
• Total Margin = one plan target. The Total Margin is commonly known as a financial cushion or buffer — the minimum balance that must be maintained in the account at all times. The trader may not request a withdrawal if the balance is below this amount.
  Example: Initial US$ 30,000 account → target US$ 1,800 = Total Margin US$ 1,800.

4.4 Maximum Leverage

• US$ 30,000 account: 3 minis or 30 micros;
• US$ 60,000 account: 6 minis or 60 micros;
• US$ 90,000 account: 9 minis or 90 micros;
• US$ 130,000 account: 13 minis or 130 micros.
• Instant Funding plans have their own contract limits (2/4/6/8 minis), per item 3.9.

The trader is not responsible for losses above the maximum loss, provided all rules in these regulations are strictly followed.

5. Risk Rules

5.1 Drawdown — Methodology by Account Type

• Evaluation Account (EOD — End of Day): Evaluation account drawdown is calculated based on the daily closing balance (End of Day). Only P&L from closed trades is considered when calculating the loss limit at the end of each day. Intraday fluctuations with open positions do not readjust the limit, but if equity falls below the maximum loss floor at any time during the day, the account is closed immediately. (EOD → Static): Example (30k plan, Maximum Loss US$ 1,800): Initial balance US$ 30,000 → Initial floor US$ 28,200. Trader profits US$ 1,000 → high water mark US$ 31,000 → Floor rises to US$ 29,200. Conversion point: accumulated profit = US$ 1,800 → drawdown becomes static fixed at US$ 31,800; if the trader reaches US$ 30,000 again, they are eliminated.
• Paid Simulator and LV Live CME Account (Trailing → Static) — on LVL ONE FIRE plans drawdown is also EOD on the Paid Simulator, per item 3.10: Drawdown works on the Trailing model: the loss floor follows profits in real time, rising with equity (high water mark) but never decreasing. When accumulated account profit reaches the plan target value, trailing drawdown is automatically converted to Static, fixed at the account's initial balance and providing greater operational freedom.
  Example (30k plan, target US$ 1,800): Initial balance US$ 30,000 → Initial floor US$ 28,200. Trader profits US$ 500 → high water mark US$ 30,500 → Floor rises to US$ 28,700. Conversion point: accumulated profit = US$ 1,800 → drawdown becomes static fixed at US$ 31,800; if the trader reaches US$ 30,000 again, they are eliminated.

5.2 Prohibited Practices

The following are strictly prohibited, including but not limited to:

• Latency arbitrage (delay arbitrage);
• Use of robots/EAs and automation;
• Trades exploiting execution failures, glitches or feed inconsistencies;
• Copy-trading (replication of external signals);
• Any deliberate attempt to bypass desk parameters;
• Hedge / arbing across multiple accounts (buying and selling simultaneously on different accounts);

5.3 Penalised Prohibited Practices

The following are penalised (trades are disregarded for evaluation purposes), including but not limited to:

• Trading during high-impact news events: is prohibited in the window of 2 (two) minutes before and 2 (two) minutes after release (does not apply to Instant Funding and LVL ONE FIRE plans — see items 3.9 and 3.10). The following are considered high-impact events, without limitation to the situations below:
  • US: Non-Farm Payroll (NFP), CPI — Consumer Price Index, PPI — Producer Price Index, GDP, FOMC Interest Rate Decision, Fed Chair Speeches / Congressional Testimony, ISM PMI Manufacturing and Non-Manufacturing, S&P Global PMI Manufacturing, Services and Composite (Flash/Preliminary and Final), Initial Jobless Claims, Retail Sales, PCE — Personal Consumption Expenditures, JOLTS Job Openings, ADP Employment Change, Michigan Consumer Sentiment (Preliminary and Final).
  • International: Interest rate decisions by the ECB (European Central Bank), BoE (Bank of England) and BoJ (Bank of Japan); CPI, GDP, Industrial Production and PMI (all) for China.
  The trader is fully responsible for checking the economic calendar before trading. Recommended references: Investing.com, Forex Factory or TradingEconomics (filter: high impact / 3 stars). Trades placed within the restricted window will be disregarded for all evaluation purposes, regardless of outcome.
• Exceeding maximum leverage;
• Tick scalping (closing profitable trades in less than 20 seconds);
• Flipping (opening and closing positions quickly only to meet minimum trading day requirements);
• Overnight positions (must close 10 minutes before daily close) or weekend positions;
• Positions using more contracts, at open or close (including contract turnover), than leverage permitted on the plan.

5.4 Risk Desk Action

LVL Funding may:

• Close trades without prior notice;
• Suspend accounts;
• Request operational explanations;
• Permanently terminate the contractual relationship;
• Flatten all open or pending positions 10 minutes before session end;
• Disregard trades that violate item 5.2;
• If the platform was automatically blocked due to financial gain, the desk may generate a supplementary account to continue the evaluation so that other approval parameters can be met.

6. Profit Distribution

• Standard split: 90% for the trader / 10% for the desk. On Instant Funding plans the split is 80% for the trader / 20% for the desk, per item 3.9.
• Only profits above the Operating Margin may be withdrawn, respecting other withdrawal rules.

6.3 Withdrawal rules

• Requests on the business day closest to the 1st and 15th of each month;
• Send an email to desk@lvlfunding.trade, including full name and the account subject to analysis;
• The account must remain unchanged from the day the request is submitted until payment and the corresponding balance deduction. If the trader operates the account before the withdrawal is fully processed, the withdrawal will be invalidated and the amount disregarded.
• Requires a minimum of 5 trading days, with 3 positive, since Paid Simulator account activation (Instant Funding plans: 5 positive days — see item 3.9);
• A profitable day is defined as a day with minimum net profit of US$ 50.00 on the 30k account, US$ 100.00 on the 60k account, US$ 150.00 on the 90k account and US$ 200.00 on the 130k account. Days with lower gains will not count towards withdrawal eligibility.
• Payment within up to 5 business days.
• Minimum withdrawal amount: US$ 200.00.

6.6 Initial Withdrawal Cap

• In the first 4 (four) months, each approved withdrawal on the Paid Simulator account will have the maximum amount per withdrawal limited to:
  • CME PLAN 30K: up to US$ 900;
  • CME PLAN 60K: up to US$ 1,300;
  • CME PLAN 90K: up to US$ 1,700;
  • CME PLAN 130K: up to US$ 2,000.
  This limit remains active until the trader completes 8 withdrawals, regardless of elapsed time. Excess amounts will be disregarded for distribution purposes and will not roll over to future cycles. Instant Funding plans have their own withdrawal cap per request (US$ 900 / US$ 1,300 / US$ 1,800 / US$ 2,500), per item 3.9.
• Example: 30k plan (Drawdown US$ 1,800) → maximum amount of US$ 900 per withdrawal in each of the first 4 months.
• After migration to the LVLive CME account, there is no gain limit.
• LVL Funding does not withhold taxes. Declaration and payment are the trader's sole responsibility.

7. Suspension and Disqualification

7.1

The account will be suspended or closed in case of:

• Drawdown violation;
• Account inactivity for 30 calendar days;
• Violation of prohibited practices in item 5.2;
• Inappropriate conduct with staff;
• Irresponsible or highly risky trading;
• Lack of communication;
• Suspected fraud, duplication or manipulation.

Proven fraud will result in immediate and permanent cancellation with no right to refund.

7.2 Audit and Technical Rationale

Trades suggesting use of third-party signals or exploitation of technological flaws will result in cancellation of profits for that day.

8. Platforms

• Available platforms: BlackArrow One or BlackArrow Plus.
• By default, accounts without activation are released on BlackArrow Plus and accounts with activation on BlackArrow One, respectively.
• Operational accounting time follows Brasília time, with the day rolling at midnight.

9. Assets and Costs

Trading is permitted exclusively in the assets listed below. Use of assets not covered by these rules may result in the trader being removed. Costs are charged per side (entry and exit).

Ticker CME	Ticker FUT	Asset Name	Category	Exchange	Cost/Side
ES	ESFUT	E-Mini S&P 500	Índices E-Mini	CME	US$ 2,50
NQ	NQFUT	E-Mini Nasdaq-100	Índices E-Mini	CME	US$ 2,50
RTY	RTYFUT	E-Mini Russell 2000	Índices E-Mini	CME	US$ 2,50
EMD	EMDFUT	E-Mini S&P MidCap 400	Índices E-Mini	CME	US$ 2,50
YM	YMFUT	E-Mini Dow Jones	Índices E-Mini	CBOT	US$ 2,50
NKD	NKDFUT	Nikkei 225 (USD)	Índices E-Mini	CME	US$ 2,50
BT	BTFUT	Bitcoin Future	Índices E-Mini	CME	US$ 2,50
MES	MESFUT	Micro E-Mini S&P 500	Índices Micro	CME	US$ 0,65
MNQ	MNQFUT	Micro E-Mini Nasdaq-100	Índices Micro	CME	US$ 0,65
M2K	M2KFUT	Micro E-Mini Russell 2000	Índices Micro	CME	US$ 0,65
MYM	MYMFUT	Micro E-Mini Dow Jones	Índices Micro	CBOT	US$ 0,65
MBT	MBTFUT	Micro Bitcoin Future	Índices Micro	CME	US$ 0,65
6A	6AFUT	Dólar Australiano (AUD/USD)	Câmbio (FX)	CME	US$ 2,50
6B	6BFUT	Libra Esterlina (GBP/USD)	Câmbio (FX)	CME	US$ 2,50
6C	6CFUT	Dólar Canadense (CAD/USD)	Câmbio (FX)	CME	US$ 2,50
6E	6EFUT	Euro FX (EUR/USD)	Câmbio (FX)	CME	US$ 2,50
6J	6JFUT	Iene Japonês (JPY/USD)	Câmbio (FX)	CME	US$ 2,50
6S	6SFUT	Franco Suíço (CHF/USD)	Câmbio (FX)	CME	US$ 2,50
M6A	M6AFUT	Micro AUD/USD	Câmbio Micro (FX)	CME	US$ 0,65
M6E	M6EFUT	Micro EUR/USD	Câmbio Micro (FX)	CME	US$ 0,65
GC	GCFUT	Ouro (100 troy oz)	Metais	COMEX	US$ 2,50
MGC	MGCFUT	Micro Ouro (10 troy oz)	Metais	COMEX	US$ 0,65
QO	QOFUT	E-Mini Gold (33,2 oz)	Metais	COMEX	US$ 2,50
HG	HGFUT	Cobre	Metais	COMEX	US$ 2,50
PL	PLFUT	Platina	Metais	NYMEX	US$ 2,50
PA	PAFUT	Paládio	Metais	NYMEX	US$ 2,50
CL	CLFUT	Petróleo WTI (Crude Oil)	Energia	NYMEX	US$ 2,50
MCL	MCLFUT	Micro Petróleo WTI	Energia	NYMEX	US$ 2,50
QM	QMFUT	E-Mini Crude Oil	Energia	NYMEX	US$ 2,50
NG	NGFUT	Gás Natural (Henry Hub)	Energia	NYMEX	US$ 2,50
QG	QGFUT	E-Mini Gás Natural	Energia	NYMEX	US$ 2,50
HO	HOFUT	Heating Oil (NY Harbor ULSD)	Energia	NYMEX	US$ 2,50
RB	RBFUT	RBOB Gasoline	Energia	NYMEX	US$ 2,50
ZC	ZCFUT	Milho (Corn)	Agrícola	CBOT	US$ 2,50
ZS	ZSFUT	Soja (Soybeans)	Agrícola	CBOT	US$ 2,50
ZW	ZWFUT	Trigo (Wheat)	Agrícola	CBOT	US$ 2,50
ZM	ZMFUT	Farelo de Soja (Soybean Meal)	Agrícola	CBOT	US$ 2,50

10. Trader Conduct

The trader must:

• Keep login and password confidential and secure;
• Not share credentials with third parties;
• Trade only their own account;
• Respect ethical and professional rules;
• Not attempt to manipulate the market or system. Any violation may result in immediate suspension.
• Close all open or pending orders by 10 minutes before the end of the session.

11. Updates

LVL Funding may update these rules at any time. New rules take effect on the publication date.

12. Confidentiality

• All information shared between trader and company is confidential;
• The trader is fully responsible for the security of their login, password and access devices;
• The company is not responsible for unauthorised access caused by trader negligence;
• Data may not be shared with third parties except where required by law.

13. Termination

Termination may occur:

• At the trader's request, with prior email notice.
• At the company's request, in cases of:
  • Rule violation;
  • Repeated misconduct;
  • Lack of cooperation with the risk team;
  • Trades that place the desk at risk;
  • Violation of item 5.2 — immediate termination, no prior notice and no refund.

14. Final Provisions

These rules are governed by the laws of LVL Funding's country of domicile — Paphos, Cyprus. Registered address: Neofytou Nikolaidi & Theodorou Kolokotroni, ONISIFOROU CENTER, 2nd floor, Agios Theodoros, 8011, Paphos, Cyprus.

In case of questions or disputes, an amicable resolution will first be attempted.

If the dispute persists, it may be submitted to international arbitration.

Continued use of the services implies full acceptance of these rules.

These rules may be changed without prior notice.