Please note: we no longer offer lifetime memberships.
Many traders interested in our lifetime membership plans may wonder how these plans work. Essentially: What does “lifetime” mean? Whose life? What if I join as a lifetime member today and in two years the community is no longer around? What happens to my membership?
We agree that these are very fair and important questions, and we have therefore defined a refund policy for our lifetime memberships should the day come that Bear Bull Traders closes down. If for any reason Bear Bull Traders does not stand anymore, we will refund lifetime members based on the date they joined the community. We will deduct the number of months (or partial months) that they have been a member, based on the monthly fee at the time of their registration, and then refund the balance. An additional deduction will also be made if the member had purchased 3 months of access to the DAS Trader Pro simulator.
Example A:
Trader A joins Bear Bull Traders in January 2020 as a lifetime member at $1,699.
Bear Bull Traders shuts down in April 2020. In this case:
Trader A’s plan provided 3 months of access to the simulator: $300 value.
Trader A has been a member for four months: January 2020 to April 2020.
Monthly membership fee at the time of their subscription was $149.
We will refund Trader A their payment after deduction of $300 and 4x$149: $1,699-$300-(4x$149)=$803.
Example B:
Trader B joins Bear Bull Traders in January 2020 as a lifetime member at $1,499.
Bear Bull Traders shuts down in September 2020. In this case:
Trader B’s plan did not provide 3 months of access to the simulator.
Trader B has been a member for nine months: January 2020 to September 2020.
Monthly membership fee at the time of their subscription was $149.
We will refund Trader B their payment after deduction of 9x$149: $1,499-(9x$149)=$158.
Example C:
Trader C joins Bear Bull Traders in January 2020 as a lifetime member at $1,699.
Bear Bull Traders shuts down in September 2021. In this case:
Trader C’s plan provided 3 months of access to the simulator: $300 value.
Trader C has been a member for 21 months: January 2020 to September 2021.
Monthly membership fee at the time of their subscription was $149.
Total value of services used by Trader C: $300+(21x$149)=$3,429. There will be no refund for Trader C as $3,429 is more than what Trader C paid when they purchased their lifetime membership plan.
Example D:
Trader D joins Bear Bull Traders in January 2020 as a lifetime member making 12 monthly installment payments of $199 each.
Bear Bull Traders shuts down in September 2020. In this case:
Trader D’s plan did not provide 3 months of access to the simulator.
Trader D has been a member for nine months: January 2020 to September 2020.
Trader D made nine monthly installment payments of $199 each (9x$199=$1,791).
Monthly membership fee at the time of their subscription was $149.
We will refund Trader D their payment after deduction of 9x$149: $1,791-(9x$149)=$450.
We of course hope that Bear Bull Traders will stand for a very long time, but as nothing is forever, we introduced this policy as a way to support our lifetime members.