Terms And Conditions

Welcome to Prop Funders (www.propfunders.com), operated by Prop Evaluation Services LTD Trading As Prop Funders (“the Company”). By accessing or using our services, you agree to comply with and be bound by the following terms and conditions. Please review them carefully.

1. Nature of Services

1.1. Simulated Environment: All trades conducted under this Agreement are in a simulated/demo environment using virtual funds.

1.2. Educational Purpose: Our services are mainly of an educational nature. We do not provide financial advice or investment recommendations.

1.3. Risk Disclosure: Past results are not indicative of future results. Trading is high risk and should not be conducted with money the Trader cannot afford to lose.

1.4. No Client Deposits: We do not accept client deposits. All funds used for trading evaluations are provided virtually by the Company.

1.5. Hypothetical Results Disclaimer: Any hypothetical or simulated performance results have inherent limitations. Unlike actual performance records, simulated results do not represent actual trading and may under- or overcompensate for various market factors.

2. Trading Programs

2.1. 1-Step Program

• Max Loss: 6%
• Max Daily Loss: 3%
• Profit Target: 10%
• Minimum Trading Days: 3 days for the challenge stage and 5 days for the funded stage.
• Max Leverage: 1:30

2.2. 2-Step Program

• Level 1 – Assessment
  • Max Loss: 10%
  • Max Daily Loss: 5%
  • Profit Target: 8%
  • Minimum Trading Days: 3 days
• Level 2 – Assessment
  • Max Loss: 10%
  • Max Daily Loss: 5%
  • Profit Target: 5%
  • Minimum Trading Days: 3 days
  • Max Leverage: 1:100

3. Capital Allocation

• Maximum Capital Allocation Prior to Scaling: $450,000 in virtual funds.
• Post-Merge Maximum Capital: $300,000 in virtual funds.

4. Account Termination

The Company reserves the right to terminate the Trader’s account under the following circumstances:

• Failure to fulfill KYC requirements.
• Use of prohibited trading strategies (outlined below).
• In rare instances, if the trading strategy is deemed unsuitable for the Company.

5. Prohibited Trading Strategies

The following trading strategies will result in termination:

• Copy Trading: Allowed only from another Prop Funders account, broker account, or prop firm account owned by the same individual. Copy trading from accounts not owned by the same individual is strictly prohibited.
• Account Management Services: Not allowed. Trading must be based solely on the Trader’s ability.
• Specific Trading Strategies: High Frequency Trading (HFT), arbitrage trading, using someone else’s signals, group trading, tick trading/tick scalping, hedging on two different Prop Funders accounts to ensure one is profitable.
• EA Trading: Allowed under the following conditions:
  • Does not copy trades of other person’s signals
  • Does not perform tick scalping
  • Does not engage in latency arbitrage trading
  • Does not engage in reverse arbitrage trading
  • Does not engage in hedge arbitrage trading
  • Does not use emulators
• IP Address Consistency: The region of IP address(es) used to log into the Master account must remain consistent. Proof such as an airline ticket, passport stamp, or live video of the location may be requested.
• Multiple Accounts: Multiple accounts on a similar IP address are strictly prohibited to rule out group trading and ensure fairness.
• Account Security: It is prohibited to change the demo/simulated trading account password.
• Third-Party Trading: Trading on someone else’s behalf is not permitted.
• Age Requirement: All traders/customers must be at least 18 years old.

6. Compliance with Laws and AML Practices

The Company may restrict certain jurisdictions to comply with local laws and anti-money laundering (AML) practices. The Trader agrees to provide all necessary documentation to satisfy the Company’s KYC and AML requirements.

7. Limitation of Liability

• The Company shall not be liable for any losses incurred by the Trader. The Trader acknowledges that trading in financial markets involves significant risk and that they are responsible for any losses incurred while trading.
• At all times, the funds provided by the Company are virtual, except for trader payouts which are real. The Trader understands and agrees that any profits earned in the simulation accounts are virtual until actual payouts are made by the Company.

8. Confidentiality

Both parties agree to keep all terms of this Agreement confidential and not to disclose any information regarding trading strategies, account details, or any other proprietary information to third parties without prior written consent.

9. Amendments

This Agreement constitutes the entire understanding between the parties and supersedes all prior discussions, agreements, or understandings of any kind. Any amendments or modifications to this Agreement must be in writing and signed by both parties.

10. Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of the United Kingdom. Any disputes arising out of or in connection with this Agreement shall be resolved through mediation based in the UK before any court action or legal proceedings can be initiated.

11. Indemnification

The Trader agrees to indemnify, defend, and hold harmless the Company, its affiliates, and their respective officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in any way connected with the Trader’s trading activities or breach of this Agreement.

12. Severability

If any provision of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be severed from the remainder of this Agreement, which will otherwise remain in full force and effect.

13. Notices

Any notices or other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or sent by registered mail, return receipt requested, or by email to the addresses specified by the parties.

14. Responsibility to Stay Updated

The Company reserves the right to change its terms and conditions and rules by posting updates on its website. It is the Trader’s responsibility to check the website for any changes or updates to the terms.

15. Payments and Fees

All payments are final and for virtual evaluation purposes only. In order to generate sufficient profits to make any Virtual Performance Fees, or we may simply fund such Virtual Performance Fee from our own funds. For the avoidance of doubt, you will never be provided with access to the live market through your use of the Services.

You will have the opportunity to make withdrawals bi-weekly. Please submit a performance fee request via the dashboard platform.

To receive any Virtual Performance Fee under this clause, you must request payment within the dashboard of your Prop Funders Account. An exchange rate fee, as set by the provider from time to time, applies when receiving Virtual Performance Fees in your domestic currencies.

Requests will be processed and paid within 3 business days.

All virtual trades must be closed within your Prop Funders Account at the time of making a withdrawal request, virtual trading can resume once the withdrawal amount has been sent from our company.

16. Refunds

Eligibility: Customers who have not traded on their account are entitled to request a refund within 14 days from the date of purchase. This ensures that you have ample time to evaluate our services and make an informed decision.

Refund Process: To initiate a refund request, please contact our customer support team via info@propfunders.com. Our dedicated representatives will guide you through the process and assist you in a prompt manner.

Account Trading: Please note that once any trading activity has been recorded on your account, you are no longer eligible for a refund. This policy is in place to prevent misuse and protect the integrity of our services.

Refund Amount: If your refund request is approved, the refund amount will be issued using the original payment method. It is important to note that any transaction fees or charges incurred during the initial purchase may be deducted from the refund amount.

Processing Time: Once your refund request has been submitted, our team will review it within a reasonable timeframe. If approved, the refund will be processed promptly. Please allow a reasonable period for the refund to reflect in your account, as the processing time may vary depending on your payment provider.

Exceptions: There may be exceptional cases where a refund cannot be granted, such as instances where a customer has violated our terms and conditions or engaged in fraudulent activities. In such cases, we reserve the right to deny the refund request.

17. Errors, Inaccuracies, and Omissions

We strive to provide accurate information; however, our site may contain typographical errors, inaccuracies, or omissions that may relate to service descriptions, pricing, and availability. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update information at any time without prior notice.

18. Enhanced Due Diligence (EDD)

In certain circumstances, we may require enhanced due diligence (EDD) procedures to be completed. This may include additional documentation and verification steps.

19. Changes to the Service and Prices

Prices for our services are subject to change without notice. We reserve the right to modify or discontinue the Service (or any part or content thereof) without notice at any time.

20. Simulated Trading Environment Disclaimer

All trading activities within our platform are conducted in a simulated environment with virtual funds. There are no actual financial transactions taking place, and all profits or losses are virtual.

21. Hypothetical Results Disclaimer

Any hypothetical or simulated performance results have inherent limitations. Unlike actual performance records, simulated results do not represent actual trading and may under- or overcompensate for various market factors.

22. Prohibited Uses

In addition to other prohibitions, you are prohibited from using the site or its content for:

• Any unlawful purpose;
• Soliciting others to perform or participate in any unlawful acts;
• Violating any international, federal, provincial, or state regulations, rules, laws, or local ordinances;
• Infringing upon or violating our intellectual property rights or the intellectual property rights of others;
• Harassing, abusing, insulting, harming, defaming, slandering, disparaging, intimidating, or discriminating based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability;
• Submitting false or misleading information;
• Uploading or transmitting viruses or any other type of malicious code;
• Collecting or tracking the personal information of others;
• Spamming, phishing, pharming, pretexting, spidering, crawling, or scraping;
• Any obscene or immoral purpose;
• Interfering with or circumventing the security features of the Service or any related website.

23. Third-Party Links

Certain content, products, and services available via our Service may include materials from third parties.

Third-Party Links provided on our website are for informational purposes only. We do not endorse or guarantee the accuracy, completeness, or reliability of any third-party content, products, or services.

By accessing these third-party links, you acknowledge and agree that Prop Funders is not responsible for any damages or losses incurred as a result of your interaction with such third-party websites or resources. You are solely responsible for evaluating the content, accuracy, and policies of any third-party websites that you visit.

We strongly advise you to review the terms and conditions, privacy policies, and practices of any third-party websites or services that you engage with. Prop Funders shall not be liable for any damages or losses arising out of or related to your use of any third-party websites or services.

Furthermore, any reference to third-party products, services, or websites does not imply endorsement, sponsorship, or affiliation with Prop Funders unless explicitly stated.

24. Personal Information

We prioritize your privacy at Prop Funders. Your personal information is handled in accordance with our Privacy Policy.

We collect and process certain personal information when you use our Service, such as your name and contact details. This information is used solely for the purposes outlined in our Privacy Policy, including improving our services and providing a personalized experience.

By using our Service, you agree to our Privacy Policy, which governs the collection, use, and protection of your personal information. We encourage you to review our Privacy Policy to understand how we handle your information.

If you have any questions about how we handle your personal information, please refer to our Privacy Policy or contact us directly. Your continued use of our Service indicates your acceptance of our Privacy Policy and our practices regarding your personal information.

Note that our Privacy Policy may be updated periodically, and it is your responsibility to review any changes. We value your trust and are committed to safeguarding your privacy.

25. Contact Information

Address: 128 City Road, London, United Kingdom, EC1V 2NX

Email: info@propfunders.com