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Terms and Conditions

Generals

The Prime Fund 360 operate an Online Funding and Growth Trading Program, operated by PRIME 360 LTD, incorporated in the Seychelles as a registered Seychelles Company, and owned by PRIME 360.

Prime 360 LTD is operated and governed by the law of the Seychelles.

The Prime Fund 360 is a brand name, operated by Prime 360 LTD, and is a privately owned Legal Corporation, performing a Nostro-investment operation. It does not operate as a Financial Institution of any type, nor is it a Broker, nor a Broker Marketing platform, and does not accept Investor’s capital.

Program Mission and Definition

Under a 3rd party contract, The Prime Fund 360 recruits genuine and speculative traders to work for the company, and to manage the company funds on the company’s platform.

The Prime Fund 360 provides fully-funded CFD trading accounts with profit payout plans and  growth scenarios to traders who qualify for the program’s trading requirements.

The Prime Fund 360 is not a broker, not associated with any particular broker, and does not serve financial trading services of any type. 

Prime Fund 360 does not invest client’s capital in the financial markets. All funding of clients’ accounts is sourced by the owner’s own capital. 

Prime Fund 360 is aware of the regulatory requirements in the US, and it operates by a restrictive legal advisory to fully fulfill the US law and regulatory requirements. The full document will be provided to any official enforcement organization of the US authorities by official and authorized requests to support@primefund360.com.

Participants in this Agreement

The Fund – is the alias name for The Prime Fund 360.

The Program – refers to the various program options, with their full requirements, goals, objectives, restrictions, and variables.

Trader – is to describe the Trader in the stage of evaluation, and at this time has not yet fulfilled all the requirements.

Star Trader – is used to describe a trader who has successfully completed the Challenge targets under the trading requirements.

Program Description

Signing up for the Program begins with a 2-step evaluation phase on a demo trading account. The Fund sets objectives and restrictions, which the Trader agrees to trade by. The Fund has sole authority to enforce these trading objectives and restrictions, and possesses all rights over the trading accounts, the capital, and the trading guidelines.

Trading objectives – prior to providing access to its trading capital, the Fund and the Trader agree on all of the trading guidelines, objectives, terms, and rules. The Fund defines and enforces the objectives and restrictions with their agreed-upon values.

Sign up Fee – Participating in the Prime Fund 360’s Challenge has a fee cost, which should be paid prior to starting the evaluation phase. The fee amount is specified on the Challenge Plan’s description page.

  • The signup fee is not a trading capital deposit.
  • The signup fee is not to cover trading costs or trading losses.
  • The signup fee is non-refundable, in partial or in full, once the trading activity has commenced by the Trader.

The Trader is allowed to perform using any trading strategy, as long as it complies with the Risk Management Guidelines required by the Fund.

Upgrading or downgrading a plan: once the Program has commenced, the Trader cannot upgrade or downgrade the chosen plan.

Program Conditions and Requirements and restrictions

Knowledge and Skill

The Trader must acknowledge having sufficient trading knowledge, experience, and skills to perform under the Program requirements. The Trader must fully understand the full scope of the Program, the implications of the Program requirements, restrictions, guidelines, and find the Program sufficient to one’s needs.  

CFDs

The Program is conducted on a CFD trading platform only. The Trader must fully understand the unique characteristics of the CFD market. Specifically, with regards to trading, the Trader must fully familiarize oneself with the following terms and implications of the following terms: Market Hours, Economic Releases, Flexible Spreads, Commission, Execution Slippage, Variable spread condition, Overnight Rollover Swaps, Overnight rollover volatility, Pip, Point Value, Lot, Stop Loss, Take Profit, Market Order, Stop Order, Limit Order, Ask, Bid, Drawdown.

Trading Platform

The Fund provides trading on the trading platform, with full authority to perform trading during market hours. At this time, the Fund provides for the use of Windows Operating system, Mac iOS by a non-official & non-supported technical workaround, mobile access for Android and iOS, MQL scripting using Desktop Platform Version Only.

The Fund may change its suppliers and systems to any other solution and technology, at any time.

Trading Capital

The Program, from the very beginning period and throughout the progression, is conducted with capital that is owned and supplied by the Fund. 

Protecting Trading Capital

No matter at which level the Trader is in the Program, it is required to act responsibly and use all methods to protect the Fund’s capital from severe losses. This also includes operating responsibly under risk management measures, protecting and securing the trading access credentials for trading accounts, not providing access to any 3rd party or person for the accounts, immediately reporting to the Fund’s Support Team about loss or theft of trading access, responding to email communications from the Fund, and taking the required measures if asked by the Fund.

Activity Restrictions 

The program is designed to cater all speculative trading strategies. Any trading style which is not speculation-trading behaviour is prohibited.

It is prohibited to perform under the fund’s platform any trading method which uses exploitation of price discrepancies or glitches within different markets of similar or identical assets, also known as Arbitrage trading.

It is prohibited to perform High-frequency trading strategies in which the majority of the trades duration span is measured by a few seconds or less.

It is prohibited to perform bracketing strategies (opening pending orders) around high-impact news.

It is prohibited to involve any other technology which interferes with the platform’s networking.

It is prohibited to:

intentionally or unintentionally employ trading strategies that take advantage of errors within the system, such as inaccuracies in price display or delays in updates.

execute trades using external feeds.

manipulate trading by executing trades alone or in collaboration with others, including between connected accounts or accounts held with different entities, or by entering into opposing positions simultaneously.

utilize any software, AI, ultra-high speed, or mass data entry that manipulates, misuses, or gives an unfair advantage when using the system or services.

perform gap trading

execute trades in a way that contradicts how trading is conducted in the CFD market or any other financial market, or in a way that raises concerns that the service provider may suffer financial or other harm as a result of the customer’s actions (e.g. overleveraging, overexposure, one-sided bets, account rolling).

Exploiting Price discrepancies between Prime Fund 360 platform feed and other feeds

Trade coordination or copytrading with other traders or accounts

It is prohibited to involve Expert Advisors which scalp during the rollover night, using market or pending orders.

If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. Having the same strategy amongst a group of traders is prohibited.

By using a third-party Robot trading, and which you don’t own the source code, you potentially run a risk of being denied passing the challenge, and getting funded.

EA´s that performs any of the following activities are prohibited:

– copy trades of other person signals

– do tick scalping

– perform latency arbitrage trading

– perform reverse arbitrage trading

– perform hedge arbitrage trading

– use emulators

Any accounts using these types of EAs will be cancelled, banned, and not refunded.

Indices– Carrying overnight positions is allowed. Carrying over the weekend is allowed and involves high swap costs.

Prohibition of Toxic Trading Strategies

Toxic trading strategies refer to any trading practices or methods that exploit market inefficiencies, take advantage of system loopholes, or manipulate market conditions in a manner that is harmful to market stability, the company, or other market participants.

If a trader is found to be using toxic trading strategies, the company reserves the right to take disciplinary actions, including but not limited to: Issuing warnings or reprimands, Temporary suspension of trading accounts, Permanent termination of trading privileges, Nullification of any profits gained through toxic trading practices. Legal action or reporting to relevant regulatory authorities, if necessary.

Prohibition of Gambling Rule

The definition of gambling rule is prohibition of “All or Nothing” Trading Methods, which involve strategies that could result in total loss in a single trade or series of trades based on luck alone, without proper analysis and risk management strategies. “All or nothing” trading methods violate the risk management principles established by the company.

Margin Utilization

Traders must utilize margin within the standard risk management guidelines set by the company, using margin beyond reasonable limits or exceeding the company’s risk management standards without clear justification is considered a violation of company policy and will result in sanctions.

The standard for reasonable margin use is to maintain leverage within limits that do not endanger the overall capital, and to ensure that traders have sufficient margin reserves to handle market volatility.

Monitoring and Enforcement

The company reserves the right to monitor all trading activities to ensure compliance with this provision. If any violations of this provision are detected, the company reserves the right to take action, including but not limited to, issuing written warnings, suspending accounts, forcefully closing positions, and terminating trading contracts.

Traders found in violation of this provision may lose eligibility to participate in incentive programs, payout, or other offers provided by the company.

Terms of The Program

By joining the Program, the Trader will receive a demo account, in which the Trader is expected to demonstrate a profitable trading performance.

Funded Trader

The Cosmic and Galactic Trading Program is intended for a trader that has successfully passed the 2-step evaluation phase, thus becoming a Star Funded Trader. A Star Funded Trader is certified to trade on behalf of and with the trading capital of The Prime Fund 360’ Fund under a non-employee 3rd party contractor relationship. 

Ideal Risk Management Discipline

Prime Fund 360 encourages its traders to perform their trading with a suggested risk management discipline.  

Risk management is mandatory. Deciding to self-enforce the Program’s suggested risk management will benefit the Trader with better funding conditions on future stages of the Program, as described in this document, in chapter IDEAL RISK MANAGEMENT REQUIREMENTS.

Payouts

Payouts will be paid only to Star Funded Trader (SFT), and only out of the profitable performance of the Trader on accounts that did not incur any violations, such as daily losses or news trading.

Program Termination

If the Trader has hit Stop-out Level, a daily loss level, or has not complied with its rules, the Trader’s account will be terminated, and this will the end of the  Trader’s participation in the Program.


NECESSARY PREREQUISITES

The Program is available to individuals only. They must be from the age of 18 years and older, and can be of all nationalities.

Individually Private Only

The Program is designed for individual traders only. An individual trader who signs up is the only person that is allowed to trade on behalf of the Fund, in both the evaluation Program and as a PM Partner in the official trading Program.

Proof of Authenticity

An authentic identity must be provided. The Program only accepts traders who present proof of authentic identity.

Restricting Organizations

The Program is not available to any entity, firm, corporation, organization, or group of individuals of any type.

Trading Instruments

The following is a list of securities permitted to trade:

Forex Majors

EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF.

Forex Major Crosses

AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY.

Metals

XAU/USD, XAG/USD

Indices

US30, NAS100, SP500, UK100, DAX40, JPN225

*Holding indices over the weekend carries a large swap

Cryptocurrencies

Bitcoin, Ethereum

The Trader must avoid trading any other securities unless permitted by the Fund’s Official Representative. Trading securities that are not permitted may result in the termination of the Program.

IDEAL RISK MANAGEMENT REQUIREMENTS

Ideal Risk Management Requirements apply at all steps of the Program – both the Evaluation phase and the Star Funded Trader Phase

The Program suggests a risk management discipline, which traders need to follow in order to comply with this Program’s guidelines.

Upon meeting profit targets, the Program promises to accommodate a guaranteed account growth for all traders that follow risk management rules.

Ideal Risk Management Discipline

The following are the characteristics of the Risk Management required and its definitions, which the Trader should fully comprehend and self-enforce for optimizing a growth milestone target.

Stop Loss

Prime Fund 360 suggests an ideal risk management recipe, that requires submitting a proper stop-loss order for every position, market order, pending stop order, and pending limit order.

It is suggested, although not required for every position, market order, pending stop order, or pending limit order to contain a stop loss at a price level, which represents a maximum money risk of 1%, and preferably less.

Leverage
The Fund applies leverage settings to the Trader’s accounts, as described on the Program’s description page. The Trader is allowed to use the full margin available by the Program’s leverage. By any circumstance, if wrong leverage was given, the Trader is forbidden to exceed the official leverage published for the Program.

The risk department reserves the right to request Star funded traders to apply specific risk parameters to accurately assess risk within their accounts. These parameters may include but are not limited to leverage limits or position size constraints. It’s important to note that these requirements may be temporary in nature and subject to periodic review and adjustment by the risk department as necessary. 

Additional Risk Parameters for Star Funded Traders

The Risk Team is authorized to apply additional risk parameters for “Star Funded Traders,” including limits on maximum loss-to-average win ratio, profit factor, holding time ratios, trading frequency, symbol selection, specific trading days, winning trade percentage, and the maximum number of losing trades per day.

Program And Targets

The following are the definitions of the Program and targets:

Profit Target

Each step in the program has a specified target milestone in terms of USD net profit. The amount specified is net profit after deduction of all trading costs, spread, commission, overnight swap charge.

Account Stop out Value

Definition: Is the account value by equity, which determines the maximum loss allowed in the account.

Once the Account Stop out value is breached below, termination for the account will be announced, all unrealized positions, and orders will be closed by the authorized personnel.

Account daily loss.

Daily loss is the maximum loss allowed in a single trading day. It is taken from the starting equity of the day OR the starting balance of the day (the highest between them) at Midnight Server Time.

Once the Daily Loss value is breached below, termination for the account will be announced, all unrealized positions, and orders will be closed by the authorized personnel.

Time Limit

There is no time limit for completing each evaluation phase, However, traders need to be active a minimum of one time every 30 calendar days. Accounts without activity (opening a new position) for more than 30 days will be closed.

Flat Portfolio on Targets

The Trader must close all trades and pending orders once reaching the milestone target or the drawdown. The Fund will not pay profits higher than the milestone.

Simultaneous Holding of Multiple Accounts

Traders can hold a $5K account and any other account simultaneously.  A Trader cannot hold and manage more than one large trading account at any given time. The Fund reserves the right to terminate the Trader’s accounts at any given point.

Scaling and salary

A funded trader will be eligible for more capital to manage and more profit split as he/she shows consistency and proper risk management. The risk management department can decide not to allocate more capital to a trader account.

When a trader gets to the salary levels, he/she will receive a personalized contract with the details and requirements to receive a salary from the fund. The contract is individual and the terms will vary from trader to trader.

Program Restrictions

As the program scope is directed to skilled traders, the program strongly forbids participation for any reason other than for applying to be the Fund’s Contractor Trader. Therefore, the program forbids the following and will consider this as misuse and violation of the program, which will result in the immediate termination of the program.

Forbidding of trading coordination with other accounts or other traders active in the Fund. It is strictly forbidden to coordinate any type of trading behaviour among two or more accounts in the name of another trader – This includes the prohibition of copying trades and orders; duplicating trading activity and orders; hedging among accounts. Any evident coordination of the above is considered a major violation of this program and will result in immediate termination by the violation of this contract.

Violation of Risk Requirements and Restrictions:

Traders are expected to trade with our excessing risk management requirements.  If by any circumstances a violation of the risk guidelines is registered in the trading account, we may close the trading account.

Profits made with positions involved in risk management violation, will not be paid as profits, as well as not be accounted for the milestone fulfilment.

Trading Conditions Acknowledgment

By signing up to the Program of The Prime Fund 360, I hereby confirm and fully understand that my trading performance may also be affected by various conditions, such as:

Variable Spread

Spreads vary according to the market liquidity, at rigid times such as during high impact economic events, the spread difference of ask and bid prices can expand multiple times.

Dynamic Leverage Conditions

Leverage Adjustments: The leverage provided to traders may be adjusted dynamically by the Company at its sole discretion based on various factors, including but not limited to the trader’s account balance, the size of open positions, market volatility, and other risk management considerations.

Dynamic leverage is implemented as a risk management tool to protect both the trader and the Company. Traders are advised to consider these potential adjustments in their trading strategy and to maintain sufficient funds in their accounts to meet margin calls that may result from leverage changes.

Stop / Limit Pending Orders

Ordering at a specifically requested price is not guaranteed for limit or stop orders during abnormal and volatile periods – the price will be filled at the next best price according to the exchange order book.

Trading Gaps

At times of extreme liquidity in the market, the differences from one tick quote for the next may significantly increase. This is also known as ‘A Gap’. Any orders that are placed at prices with no tick quote will be filled at the next available quote. This may result in execution at a less preferred price.

Overnight Rollover Spread Conditions

An overnight rollover is an event that occurs at the end of each day, at midnight (the time of the Program’s setting). At this hour, the banks shift huge amounts of orders from one day to the next day. This may result in the spreads significantly increasing. This usually takes a few seconds up to two minutes past midnight. The spreads’ increment may result in the execution of a nearby stop or limit orders. It is advised to move nearby orders as further away as possible to prevent unwanted executions due to technicalities.

Trading Commission

The commission is a trading cost applied by the liquidity provider. This is the industry’s standard method for Brokers and Liquidity Providers to charge for the service of executing orders.

Economic Event Releases

At times of releasing any Economic Data, the price tends to form gaps, and spreads may increase in multiples, and execution is not guaranteed by price. It is advised to pay attention to the event release schedule, to reduce position exposure and shift further limit and stop orders.

CFD Market Trading Hours

Market hours are based on GMT 0 Time zone. During normal days the CFD market open hours are from 00:00 Monday to 23:59 Friday. Trading and market is paused every night at 21:58 until 22:04 due to swap rollover. During these 6 minutes, the server will not perform any market, stop and limit orders. Charts and feed will be frozen as well. This serves as a slippage prevention measure, made to avoid market execution of trades at unwanted pricing due to possible wide spreads.

Communication

Email communication serves as the main and official communication between the Trader and The Prime Fund 360. The Fund will use this modality regularly and in real-time, as a means to send all communication, guidance, and feedback to its team of traders.

It is mandatory for the trader to provide a valid and working email address, which the trader checks regularly. It is required to check emails on a constant basis, to allow for real-time communications and feedback from the Fund.

Failing to respond to the Fund’s email communications, may lead to a freezing of the account or Program termination.

The Fund provides other means of communication that can serve as backup communication, such as Skype, on-site live chat, on-site contact forms, and international telephone calls.

It is expected that the Trader will notify The Prime Fund 360 of any changes in one’s email or communication details and anything else that may affect one’s trading performance.

Profit Payout

The Fund pays its traders an agreed portion from the net profits to all PM level traders, once each milestone is achieved or as funds become available as presented in the Trader’s dashboard. No payout will be made for demo accounts in the Challenge level. 

Upon success in each funded step, the payout for profits will be paid on the following payout cycle, combined with the PM account’s profits or losses of the same payout cycle.

The Fund pays for net profits to PM Partners, every 2 weeks upon request.

There is a minimum of $150 profit needed to request a payout.

Being paid for profits will not be deducted from profit progression towards the next milestone.

Calculating & Recording of Profits for a PM Partner.

The payout procedure is managed as follows:

If the Trader withdraws profits via the dashboard, the profit will be deducted from the account balance, and will be split between the Trader and the Fund as set in the payout ratio. Otherwise, when the Trader advances to the next level, the Fund will withdraw any excessive profits from the account and use them as the payout.

The profit amount is derived by the minimum value of the realized or unrealized profits in the account.

Payout Schedule

Once a profit is determined, and withdrawn from the account, the Fund will credit-in the payout amount due to the Trader.

The payout amount is calculated by the split percentage agreed by the Trader and the Fund prior to signing up (100% for the trader). 

The Trader is required to produce a payment invoice request for the exact amount specified by the credit-in transaction on every payout request. Upon receiving an accurate invoice, the Fund will issue a payout.

Payout Terms Definition:

EOD–23:59:59 is The Prime Fund 360’ platform server time.

High Watermark profit is the last value of the account by which the Fund had paid for the Trader.

Termination of The Program

The fund reserves the sole discretion to select participants for the Trading Program.

The fund may, at any time and for any reason, terminate our collaboration with a Trader, including during the evaluation period or funded trading period.

Reasons for termination may include, but are not limited to, the following:

  • Reaching or passing the maximum drawdown allowance.
  • Leaving the account inactive for over 30 days.
  • Misusing or abusing the Program – as described under “Activity Restrictions” above.
  • Skipping between various trading systems or methods within the same trading account (which indicates inconsistency).
  • The Trader’s involvement with a direct competitor of the Company.
  • A conflict of interest between the Trader and the Company.
  • The Trader’s actions damaged the Company’s reputation in external communications.
  • The Trader engages in trading practices that violate good practices or are prohibited by the Company.
  • The Trader’s failure to adhere to the Company’s risk management limitations.
  • The Trader’s attempt to commit any fraudulent activity related to payments, payouts, or the Know Your Customer (KYC) verification process.
  • The Trader’s refusal to cooperate with reasonable requests from the Company.
  • The Trader’s use of inappropriate language in communication with the Company.

The Fund reserves the right to terminate the Program at any time and without prior notice. 

Returning After a Termination

Traders are allowed to sign up for another plan regardless of past terminations. Nevertheless, the Fund is allowed to refuse to re-sign up at its own discretion.

Termination Clearance

At the occurrence of a termination, the following measures will take effect:

  • A notice of termination will be sent by an official email to the Trader.
  • Disabling trading permission in trading accounts.
  • Denying access to the trading account and platforms provided by the Fund.
  • A full detailed trading report will be sent to the Trader by email.

KYC, Complaint and disputes

As a prerequisite for all our funded traders, it is mandatory to undergo a Know Your Customer (KYC) verification process via the 3rd party platform. This process adheres to industry-standard KYC requirements and necessitates the submission of identification documents and proof of address.

In the unlikely event that you are dissatisfied with the service provided by Prime Fund 360, please contact our helpdesk as soon as possible via email at support@primefund360.com, or by submitting a contact form under the contact us page:

https://primefund360.com/contact-us/, or by contacting our live support chat when available.

In case of filing a complaint, please include as much detailed information to describe your case. To allow us to easily investigate your complaint, associate your full name, email, account id, time of the event, and further detailed information related, You may also provide screenshots images of software, log files, and any other evidence that can be helpful for the claim.
If a 3rd party service is involved, before you take formal steps, please contact us by email. telephone or chat, when available. Often it is possible to find a solution without instigating the formal procedures.

Interview Video Request

The Fund reserves the right to request an interview session at any time during the term of the program with a designated risk manager from Prime Fund 360 Fund. The purpose of this interview is to ensure the authenticity of the client’s strategy and behaviour in accordance with the terms and conditions.

Upon request, the client agrees to make themselves available for an interview with the risk manager of the Company. The client shall provide all necessary information and cooperate fully during the interview process.

The Fund, based on its understanding and after conducting due diligence, shall have the discretion to determine the authenticity of the client’s strategy and behaviour. Any rejection or failure to participate in the interview session as requested by the Fund will be considered a material breach of this T&C and may result in immediate program termination.

The client acknowledges and agrees that participation in the interview session is a fundamental requirement of the program, and failure to comply may lead to a termination of the program.

Errors and Omissions

Subject to the terms of this agreement, neither party hereto, shall be prejudiced in any way by inadvertent errors or omissions made by such party, providing such errors and omissions are corrected promptly following discovery thereof. Upon the discovery of an inadvertent error or omission by either party hereto, appropriate adjustments shall be made as soon as practicable to restore both parties to the fullest extent possible and to the position they would have been in, had no such inadvertent error or omission occurred.

The Prime Fund 360 reserves the rights for future changes of these Terms and Conditions, upon notifications via an official email address given from the Trader. The Trader will be committed to the changes, or will officially be asked to resign from the Program.

Residency Acknowledgement

We are not accepting clients from United States, Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Somalia, South Sudan, Sudan, Syria, Vanuatu, Yemen, Zimbabwe.

Additional Explanation

  1. During the evaluation period, Prime Fund 360 will monitor all fraudulent activities. If a customer is found to have committed fraud, Prime Fund 360 reserves the right to cancel the reward challenge program, and any profit or loss that has already been credited will be retracted.
  2. Lot Calculation: During the evaluation period, the customer’s trading lots will be calculated in real-time. If the total number of lots reaches a certain amount, the corresponding bonus point can be earned by the customer.
  3. Explanation of Lot Calculation: It is based on the standard of each trade. (If a customer opens a position and then closes it, the entire transaction will be counted as one position. Short-term trading orders that last less than 3 minutes will not be counted).
  4. Prime Fund 360 is not responsible for delays in data transmission, loss of information, data errors, or inability to identify due to communication or technical issues, failures, accidents, or other reasons related to computers or networks. The activity records mentioned above are subject to system records.
  5. Prime Fund 360 reserves the right to the final interpretation of these clauses/terms and reserves the right to change or terminate the activity at any time without prior notice.
  6. The time for Payout bonus rewards at any evaluation program depends on the order and delivery time of the rewards.
  7. Customers who use challenge accounts are deemed to agree to be bound by and comply with Prime Fund 360’s terms and conditions.