Terminator Trader operates as a crypto-focused trading evaluation firm that provides access to a simulated environment designed to closely mirror real market conditions. Traders begin by selecting either a 1-Step or 2-Step evaluation, each with its own Upgrade Target, maximum daily loss requirement, maximum drawdown limit, and leverage restrictions.

• Traders receive a simulated demo account with a predefined notional balance.
• The goal is to reach the required Upgrade Target without breaching any risk rules.
• A breach results in all positions closing automatically and the account being permanently disabled.
• There are no minimum or maximum time limits—traders may pass as quickly or as slowly as needed.

Once the evaluation is passed, the trader receives a new demo account designated for payout eligibility. Before trading becomes active on that account, the trader must complete KYC verification and sign the funded trader agreement. After approval, the trader may request payouts while continuing to trade simulated capital in a live-market environment supported by liquidity providers.