Sharekhan Ignite Trading Guarantee-the caveats render it usless

I got an email from Sharekhan offering a 1yr trading education program, with the claim that they are so confident in it, they will absorb the losses on your first 40 trades! However, while reading the full offer, I saw the below fineprint. Lesson learnt-ALWAYS read the fineprint

http://www.sharekhan.com/IgniteDisclaimer.html

1	Total 40 trades to be taken under “controlled trades” in Ignite TradeTiger.
2	All trades will be intra-day (compulsory square off by 3.15pm).
3	Trades to be taken in cash segment only and in BigTrade scrips only. They are not confident enough to extent the offer to F&O/Commodity segment, or even to smaller scrips. Just shows their faith.
4	Order entry by bracket order only, i.e. entry, target and stop loss to be entered initially.
5	Maximum loss per trade will be Rs125. Position size will be decided accordingly by the system. For eg. if long entry is at Rs100 per share and stop loss is Rs99, then risk per share is Rs1. Position size in this case would be Rs125/Rs1 i e 125 shares. That means even if ALL 40 trades end in loss, their max risk is Rs 125*40 or Rs 5000. Do remember they would earn a minimum of 25-50 Rs in brokerage itself, so their risk is much less
6	At the end of all 40 trades, cumulative profit / loss will be calculated. If there is a net loss at the end of 40 trades, Sharekhan.com India Pvt. Ltd. will reimburse the loss to you. SO there is a setoff but no capping/retention of profit to you
7	For the purpose of profit/loss calculation, only market price of entry and exit shall be considered, i e other trading costs such as brokerage, STT etc will not be included. For small positions with max loss of Rs 125, these costs often equal the profit
8	To get the reimbursement, you will have to take all 40 trades in your account. The time limit for taking these 40 controlled trades is the end of the calendar month following your Certified Trading Professional course, i e if you have enrolled for the Certified Trading Professional course in September 2013, then the time limit for doing the 40 controlled trades will be till October 2013.
9	All the trades have to be as per Online Trading Academy’s core trading strategy that will be taught in the Certified Trading Professional course.
10	At least half of these trades must be as per trading calls given by the Ignite research team. The remaining trades can be based on your own analysis (using Online Trading Academy’s core trading strategy).