Terms of Service

These Terms of Service (the "Terms") govern your access to and use of the KarenOptions website, dashboard, evaluation accounts, funded accounts, content, and related services available through karenoptions.com and any related subdomains or applications (collectively, the "Services").

The Services are offered by Karen Technologies LLC, a Wyoming limited liability company doing business as KarenOptions ("KarenOptions," "Company," "we," "us," or "our"), located at 30 N Gould St Ste R, Sheridan, WY 82801. By accessing, purchasing, registering for, or using the Services, you agree to be bound by these Terms, our Privacy Policy, our Trader Program Agreement, and our Risk Disclosure, each of which is incorporated into these Terms by reference where applicable.

If you do not agree to these Terms, do not use the Services.

1. Eligibility and Account Access

To use the Services, you must be at least 18 years old, have legal capacity to enter into a binding agreement, provide accurate and complete registration information, and not be prohibited from using the Services under applicable law, sanctions rules, or internal compliance restrictions.

We may refuse service, restrict access, request additional documentation, or suspend or terminate any account at any time if we believe you do not satisfy our eligibility or compliance standards.

1.1 Geographic Availability

Our Services are ONLY available to residents or nationals of the following countries and territories:

Africa

Egypt

Asia

Bahrain, Brunei, India (cash accounts only), Indonesia, Israel, Kuwait, Malaysia, Oman, Philippines, Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, United Arab Emirates

Europe

Andorra, Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Isle of Man, Italy, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom

North America

Dominican Republic, Mexico, United States

South America

Argentina, Brazil, Chile, Colombia, Ecuador, Peru, Uruguay

Oceania

Australia, New Zealand, French Polynesia

If you are not located in, a national of, or a resident of one of the above countries, you are prohibited from using our Services. You may not use the Services if you are located in, under the control of, or a national or resident of any country subject to United States embargo or sanctions.

1.2 Identity Verification (KYC/AML)

We may require identity verification through Know Your Customer and Anti-Money Laundering procedures before activating funded accounts, processing payouts, or at any other time. You agree to provide requested documentation, including government-issued identification, proof of address, source of funds documentation, and tax identification information. Failure to complete verification may result in account limitations, suspension, or termination.

1.3 Account Security

You are responsible for safeguarding your login credentials and for all activity under your account. You must not share account access with any third party or use another person's account without authorization. You must notify us promptly at [email protected] if you suspect unauthorized access or a security incident. We are not liable for losses arising from unauthorized access due to your failure to maintain adequate security.

2. Description of Services

KarenOptions operates a proprietary options trading evaluation and funding program. The program generally includes:

• simulated evaluation accounts designed to test trading discipline under published rules;
• optional funded account activation for traders who satisfy the evaluation standards; and
• payout processing for traders who satisfy funded-account requirements.

KarenOptions is not acting as your broker, investment adviser, commodity trading adviser, tax adviser, or fiduciary. We do not provide personal investment recommendations, and we do not execute trades in your personal brokerage account.

Evaluation accounts are simulated. They do not represent actual customer brokerage accounts and do not place live market orders with your personal funds. Funded accounts, when offered, remain subject to Company control, compliance review, and separate funded account terms.

2.1 Execution Partners

Execution and clearing for Program accounts may be provided by third-party brokers, dealers, clearing firms, or technology providers, including but not limited to Tastytrade. Your use of the Services may be subject to Execution Partners' terms and conditions.

3. Pricing, Fees, and No-Refund Policy

3.1 Evaluation Subscription Fees

Unless promotional pricing is expressly posted, KarenOptions evaluation accounts are offered as monthly subscriptions at the following prices, billed every 30 days:

• $50,000 evaluation: $199/month
• $100,000 evaluation: $299/month
• $150,000 evaluation: $399/month

We may also offer promotional bundles, including a 5-account $50,000 evaluation pack for $100/month. Promotions may change, expire, or be withdrawn at any time. All evaluation subscriptions auto-renew every 30 days until cancelled.

3.2 Activation Fee

If you pass an evaluation and elect to activate a funded account, the current one-time activation fee is $149 per funded account. The activation fee is a one-time charge and is not recurring. Reset fees are also one-time charges.

3.3 Subscription Terms

Evaluation subscriptions auto-renew every 30 days. You may cancel your subscription at any time, provided you give at least 24 hours notice before your next billing date. Cancellation takes effect at the end of your current billing period — you retain access until then. No partial-month refunds are provided upon cancellation.

Active subscription required for funded accounts: You must maintain an active evaluation subscription to keep your funded account(s) active and remain eligible for payouts. If your subscription lapses (due to cancellation, payment failure, or any other reason), your funded account(s) will be suspended after a 72-hour grace period. Reactivating your subscription may restore access at KarenOptions' discretion.

3.4 No Refunds

All fees are final and non-refundable except where required by applicable law or where KarenOptions chooses, in its sole discretion, to provide a replacement or refund because we were unable to deliver the purchased service. No refund is owed because you failed an evaluation, breached a rule, changed your mind, did not trade, or misunderstood the program. No partial-month refunds are provided upon subscription cancellation.

3.5 Chargebacks

If you initiate a chargeback, reversal, or payment dispute, we may suspend or terminate your account, void access to evaluations or funded accounts, offset disputed amounts against any sums otherwise payable to you, and pursue collection or legal remedies.

4. Evaluation Rules

The current KarenOptions evaluation structure is based on monthly subscription options evaluations with the rule set published on our site and dashboard. Unless a specific promotion states otherwise, the core evaluation rules include the following:

• a 6% profit target based on the starting account size;
• a real-time trailing drawdown of 4% on $50,000 accounts and 3% on $100,000 and $150,000 accounts;
• a minimum of 7 winning days, with at least $200 in positive net realized P&L on each qualifying day;
• options-only trading within the products and permissions published by KarenOptions; and
• mandatory closure by 4:00 PM Eastern Time for positions expiring the same day.

Swing trading, overnight holding, and weekend holding are permitted unless a specific product, promotion, or rule page says otherwise. The trailing drawdown follows the account's highest equity, including unrealized gains, and is monitored during trading hours in real time.

KarenOptions may update program parameters, risk controls, or operational rules by posting revised rules on the site, in the dashboard, or in product materials. Your continued use of the Services after a posted update constitutes acceptance of the updated rules.

5. Funded Accounts, Live Accounts, and Payouts

Passing an evaluation does not guarantee a funded account. If you satisfy the published evaluation requirements and choose to pay the activation fee, KarenOptions may make a funded account available subject to compliance review and the Trader Program Agreement.

Funded account capital belongs to Karen Technologies LLC. You do not acquire ownership in Company capital, the funded account itself, or any account infrastructure. Your rights are contractual only and are limited to approved payouts under the governing program documents.

5.1 Account Limits

There is no limit on the number of evaluation accounts you may purchase or hold at any time. You may hold a maximum of 5 funded accounts at any time. You may hold only 1 live trading account at any time.

5.2 Funded Account Payouts

Under the current KarenOptions plans, payout eligibility generally requires:

• reaching the permanent buffer for the funded account size ($2,000 on $50,000, $3,000 on $100,000, or $4,500 on $150,000);
• maintaining at least 7 winning days of $200 or more;
• satisfying the 30% consistency rule at the time of the payout request; and
• passing compliance review and remaining in good standing.

Funded account payout requests are capped at $1,000 per request, unless KarenOptions posts a different limit for a specific product or promotion. The buffer itself is not withdrawable and must remain in the account. All payout requests take 3–5 business days to process.

5.3 Go Live Option

KarenOptions reserves the right, at its sole discretion, to push any eligible trader to a company-managed live trading account on the Tastytrade platform with their payout balance instead of processing a cash payout. This means that instead of receiving a cash withdrawal, your payout may be applied as capital in a live trading account managed by KarenOptions. Live accounts trade real capital with an 80% Trader / 20% Firm profit split.

When exercising the Go Live Option, KarenOptions reserves the right to close existing funded accounts or limit the number of funded accounts a trader may hold at any time.

5.4 Multi-Account Live Transition

When KarenOptions determines that a trader is eligible to transition to a live trading account: only one account will be transitioned to live trading status. You may hold only one live account at any time. All other funded accounts will be temporarily locked until performance on the live account is evaluated. A monthly data fee of $49 will apply to the live trading account.

5.5 Live Account Payouts

Your single live account operates with an 80% Trader / 20% Firm profit split. Payouts from live accounts are unlimited; however, withdrawals must exceed the starting settled balance and may not reduce the account balance below the original starting balance. Live account withdrawals take 3–5 business days to process.

5.6 Pending Payout Forfeiture

If a payout request has been submitted but has not yet been approved or processed, and the associated trading account is subsequently found to be in breach of any Program Rules, these Terms, or the Trader Program Agreement — including but not limited to drawdown violations, prohibited trading activity, or rule infractions — the pending payout request shall be automatically void and forfeited. KarenOptions is under no obligation to honor, process, or pay any payout request for an account that is in breach at the time of review, regardless of when the payout was requested. All determinations regarding account breaches and payout eligibility are made at KarenOptions' sole discretion and are final.

5.7 Taxes

You are solely responsible for all taxes, duties, and governmental charges arising from payouts or compensation you receive. We may report payments as required by applicable tax laws and withhold taxes where legally required. You agree to provide requested tax documentation (W-9, W-8BEN, or equivalent).

6. Prohibited Conduct

You may not use the Services in a way that is fraudulent, manipulative, abusive, illegal, or inconsistent with the purpose of the program. Prohibited conduct includes, without limitation:

• exploiting latency, stale quotes, price-feed errors, platform bugs, or technical glitches;
• opposite-side trading, coordinated trading, or hedging designed to manufacture risk-free or near-risk-free outcomes across accounts;
• account sharing, credential sharing, or allowing another person to trade your account — each account must be traded exclusively by the registered account holder;
• using automated trading bots, algorithms, scripts, macros, or any form of automated order execution — all trades must be placed manually;
• using a VPN, VPS, proxy, remote desktop, or any tool designed to mask, spoof, or obscure your true IP address, location, or device identity;
• using false identities, fraudulent payment methods, forged documents, or misleading registration information;
• engaging in any trading style we reasonably determine to be abusive, unrealistic, or designed to game the program rather than demonstrate genuine trading skill; or
• violating applicable laws, regulations, or third-party platform rules.

If we determine that prohibited conduct occurred, we may void trades, deny payouts, close evaluations or funded accounts, terminate your access to the Services, and retain records for investigative or legal purposes.

7. Third-Party Providers and Platform Availability

Certain parts of the Services may rely on third-party technology, market data, payment, hosting, compliance, analytics, or brokerage-related providers. Your use of those integrations may also be subject to third-party terms.

We do not guarantee uninterrupted availability, perfect market data, exact quote accuracy, or error-free operation. Platform outages, delays, connectivity issues, and third-party failures may affect your experience, and KarenOptions is not responsible for missed simulated opportunities, failed orders, or similar losses resulting from those issues.

8. Intellectual Property

The Services, site design, software, logos, trademarks, text, graphics, legal pages, and program materials are owned by Karen Technologies LLC or its licensors and are protected by applicable intellectual property laws. We grant you a limited, revocable, non-exclusive, non-transferable license to use the Services for your personal use in accordance with these Terms.

You may not copy, reproduce, resell, republish, reverse engineer, scrape, frame, or exploit the Services or site content except as expressly permitted by us in writing.

9. Risk Disclosure and No Advice

Options trading is speculative and involves substantial risk. Simulated success does not guarantee future performance. Before using the Services, you should review our Risk Disclosure, which forms part of these Terms.

Nothing in the Services constitutes investment advice, legal advice, tax advice, or a recommendation to buy or sell any instrument. You are solely responsible for your trading decisions, your understanding of the rules, and your assessment of whether the program is appropriate for you.

10. Disclaimers and Limitation of Liability

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, OR ERROR-FREE OPERATION.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, KAREN TECHNOLOGIES LLC AND ITS AFFILIATES, MEMBERS, MANAGERS, OFFICERS, EMPLOYEES, CONTRACTORS, LICENSORS, AND SERVICE PROVIDERS WILL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR LOSS OF PROFITS, DATA, BUSINESS, REPUTATION, OR TRADING OPPORTUNITY, ARISING OUT OF OR RELATED TO THE SERVICES.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, OUR TOTAL AGGREGATE LIABILITY FOR ANY CLAIM ARISING OUT OF OR RELATING TO THE SERVICES WILL NOT EXCEED THE TOTAL FEES YOU PAID TO KARENOPTIONS IN THE THREE MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM.

11. Indemnification

You agree to indemnify, defend, and hold harmless Karen Technologies LLC and its affiliates, members, managers, officers, employees, contractors, and service providers from claims, liabilities, damages, losses, and expenses, including reasonable attorneys' fees, arising out of or related to your use of the Services, your trading activity, your violation of these Terms, your breach of any representation you make to us, or your violation of applicable law.

12. Suspension and Termination

You may stop using the Services at any time. KarenOptions may suspend, restrict, or terminate any account, evaluation, funded account, payout eligibility, or access to the Services at any time, with or without notice, if we believe it is necessary for compliance, security, operational, or risk-management reasons.

Termination does not waive fees owed, reverse prior rule breaches, or create a right to a refund. Sections that by their nature should survive termination will survive, including provisions related to payments, intellectual property, disclaimers, risk disclosure, limitation of liability, indemnification, arbitration, and governing law.

13. Dispute Resolution, Arbitration, and Governing Law

Governing Law. These Terms and any dispute arising out of or relating to them, the Services, or your relationship with KarenOptions shall be governed by and construed in accordance with the laws of the State of Wyoming, United States, without regard to its conflict-of-law principles.

Mandatory Binding Arbitration.Except for disputes relating to intellectual property rights or seeking injunctive or equitable relief, any dispute, claim, or controversy arising out of or relating to these Terms or the breach, termination, enforcement, interpretation, or validity thereof, including the determination of the scope or applicability of this agreement to arbitrate, shall be determined exclusively by final and binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules then in effect. The arbitration shall be conducted by a single arbitrator in Sheridan, Wyoming. The arbitrator shall have exclusive authority to resolve all disputes, including whether any particular claim is arbitrable. Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.

Pre-Arbitration Dispute Resolution.Before initiating arbitration, you must first send a written notice of the dispute ("Notice") to [email protected] describing the nature and basis of the claim and the specific relief sought. If the dispute is not resolved within thirty (30) days after the Notice is received, either party may proceed to arbitration.

Arbitration Fees and Costs.Payment of all filing, administration, and arbitrator fees will be governed by the AAA's rules. Each party shall bear its own attorneys' fees and costs unless the arbitrator determines that a claim was frivolous, in which case the arbitrator may award reasonable attorneys' fees to the prevailing party.

Limitation on Claims. Any claim arising out of or related to these Terms or the Services must be filed within one (1) year after such claim arose; otherwise, the claim is permanently barred.

Confidentiality. All aspects of the arbitration proceeding, including the award, shall be strictly confidential unless disclosure is required by law or for purposes of enforcement of the arbitration award.

CLASS ACTION WAIVER: YOU AND KARENOPTIONS AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, CONSOLIDATED, MULTI-DISTRICT, OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A CLASS OR REPRESENTATIVE PROCEEDING.

JURY TRIAL WAIVER: TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, YOU AND KARENOPTIONS EACH WAIVE THE RIGHT TO A JURY TRIAL FOR ANY DISPUTE ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICES.

Severability of Arbitration Provisions. If any portion of this Dispute Resolution section is found to be unenforceable, the remainder shall continue in full force and effect. If the class action waiver is found to be unenforceable, the entire Dispute Resolution section shall be null and void, and the dispute shall be brought in the state or federal courts located in Sheridan County, Wyoming, and both parties consent to the exclusive jurisdiction of those courts.

14. General Provisions

These Terms, together with any program rules, the Privacy Policy, the Risk Disclosure, and where applicable the Trader Program Agreement, form the entire agreement between you and KarenOptions regarding the Services and supersede prior discussions on the same subject matter.

We may update these Terms by posting a revised version on the site. If any provision is held unenforceable, the remaining provisions remain in effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms without our written consent. We may assign them to an affiliate, successor, or acquirer.

15. Contact Information

Questions about these Terms should be sent to:

Karen Technologies LLC d/b/a KarenOptions
30 N Gould St Ste R
Sheridan, WY 82801
[email protected]
karenoptions.com

By using the Services, you acknowledge that you have read, understood, and agreed to these Terms. KarenOptions is operated by Karen Technologies LLC.