Terms And Conditions

Welcome to PropFunders (www.propfunders.com), operated by Prop Evaluation Services LTD trading as PropFunders (“the Company”), a UK-based entity. By accessing or using our services, you agree to comply with and be legally bound by the following Terms and Conditions. This Agreement constitutes a legally binding contract between you (“the Trader”) and the Company. You have a duty to read this Agreement carefully before using the services. Continued use of the services shall constitute your acceptance of these terms, including any future amendments.

The Company reserves the right to suspend, modify, amend, or terminate this Agreement at any time, at its sole discretion. Any updates to these Terms will be reflected by a revised Effective Date, and your continued use of the services following such updates constitutes your acceptance of the revised Agreement.

PropFunders is not authorised or regulated by the Financial Conduct Authority (FCA) and does not offer any regulated financial products or services. All trading activity takes place in a simulated environment using virtual funds with no monetary value. Traders do not invest real funds, and the Company does not solicit, manage, or hold any customer deposits. The services are educational and performance-based in nature, and are not intended to constitute investment advice or an invitation to invest.

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.  Instant Funded Program

• Maximum Loss: 6%
• Maximum Daily Loss: 3%
• Profit Target: 6%
• Minimum Trading Days: 5 days
• Maximum Leverage: 1:30

2.2. 1-Step Program

Level 1 – Assessment

• Maximum Loss: 6%
• Maximum Daily Loss: 3%
• Profit Target: 10%
• Minimum Trading Days: 3 days
• Maximum Leverage: 1:30

Funded Stage

• Maximum Loss: 6%
• Maximum Daily Loss: 3%
• Profit Target: None
• Minimum Trading Days: 5 days
• Maximum Leverage: 1:30

2.3. 2-Step Program

Level 1 – Assessment

• Maximum Loss: 10%
• Maximum Daily Loss: 5%
• Profit Target: 10%
• Minimum Trading Days: 3 days
• Max Leverage: 1:50

Level 2 – Assessment

• Maximum Loss: 10%
• Maximum Daily Loss: 5%
• Profit Target: 5%
• Minimum Trading Days: 3 days
• Maximum Leverage: 1:50

Funded Stage

• Maximum Loss: 10%
• Maximum Daily Loss: 5%
• Profit Target: None
• Minimum Trading Days: None
• Maximum Leverage: 1:50

3. Evaluation Rules

3.1. Adherence to Trading Objectives: Traders must meet all trading objectives outlined in Section 2 to be eligible for progression to the next phase or to receive a funded account. Failing to meet these objectives within the allowed period or breaching risk parameters will result in disqualification.

3.2. Violation Consequences: Breaching any of the following rules results in disqualification or termination of the account:

Exceeding the Maximum Daily Loss or Maximum Loss

Engaging in any activity described in Section 5 (Prohibited Trading Strategies)

3.3. No Retake for Breaches: If a Trader violates any of the evaluation rules or trading objectives, the evaluation is considered failed. A new evaluation purchase is required to attempt again.

3.4. Weekend Holding and News Events: Unless otherwise specified or through an add-on purchase, holding trades over weekends for the Instant Funding program is not permitted. Trading 3 minutes prior or 3 minutes after a major economic news events is not permitted. Doing so may result in a soft breach or account termination, depending on severity.

3.5. Soft Breaches: Accumulating three or more soft breaches will result in termination, even if each individually does not disqualify the Trader. See Section 5 for details on what constitutes a soft breach.

3.6. Minimum Trading Day Definition: A Minimum Trading Day is defined as a trading day during which a trader achieves a profit of at least 0.5% of their simulated account balance. Only days meeting this profit threshold will count toward the required minimum trading days for account progression or eligibility for payout.

4. Capital Allocation and Scaling

The Company provides Traders with access to virtual capital for the purposes of simulated trading. The maximum initial capital allocation available to any Trader prior to scaling is $450,000 in virtual funds. Subject to performance and compliance with all trading rules and program requirements, Traders may be eligible for account scaling.

Through the Company’s Account Scaling Plan, the virtual capital allocation may be increased incrementally based on profitability and consistency. The total capital allocation available to a Trader under the scaling plan may reach up to USD$2,500,000, and in certain cases, may exceed this amount through the use of approved add-ons.

Scaling decisions are made at the sole discretion of the Company and may take into account factors such as risk management, drawdown control, trading behavior, and adherence to all platform terms and conditions. The Trader acknowledges that all funds provided remain virtual and are intended solely for performance evaluation within a simulated environment.

5. Prohibited Trading Strategies

The following trading strategies will result in termination:

• Copy Trading: Allowed only from another PropFunders 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, exploiting errors or latency in the pricing and/or platform(s), one sided betting, ‘pass your challenge’ type services, using third party signals, group trading, tick trading/tick scalping, hedging on two different PropFunders accounts in attempt to ensure one is profitable and similar strategies used to game the system.
• 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

In addition to the above, the use of Expert Advisors (EAs) is strictly prohibited in circumstances where the Trader does not have exclusive ownership of the EA’s source code or where the EA is commercially available to the public, including but not limited to those that can be purchased online or acquired through similar distribution channels. The Company prohibits the use of any EA that may result in identical or substantially similar trading patterns across multiple traders’ accounts, such as those arising from shared strategies or commonly available third-party EAs. This policy is intended to ensure that all trading activity remains individual and skill-based, and to prevent coordinated or replicated trading behavior that undermines the integrity of the simulated environment.

• 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 on a similar IP address are strictly prohibited to rule out group trading and ensure fairness.
• Soft Breach Policy: In addition to the circumstances outlined above, the Company reserves the right to terminate a Trader’s account upon the accumulation of three (3) or more soft breaches, even if each breach individually does not constitute grounds for immediate termination. A soft breach refers to a minor violation of trading rules that, while not immediately disqualifying, indicates a pattern of non-compliance. Examples of soft breaches may include, but are not limited to, failing to close trades prior to news events or weekend holding violations where prohibited. The classification of breaches and their severity shall be determined solely at the discretion of the Company.
• 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.
• The Trader acknowledges and agrees that all trading activities occur in a simulated environment subject to technical limitations. The Company shall not be held liable for any issues arising from platform performance, including but not limited to slippage, latency, execution delays, price discrepancies, system outages, internet disconnections, or any other technical malfunction or error. The Trader accepts that such issues may affect trading results and that the simulated environment may not perfectly replicate live market conditions. The Company disclaims all responsibility for losses, missed opportunities, or discrepancies resulting from such circumstances.

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. 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 in clause 5 (Prohibited Trading Strategies).
• If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.

Additionally, the Company reserves the right to disallow or block any Trader from participating in the program for any reason, in the Company’s sole and absolute discretion.

13. 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.

14. 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.

16. 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.

17. Payments and Fees

All payments are final and for virtual evaluation purposes only. In order for a Trader to receive any Virtual Performance Fee, sufficient profits must be generated within the simulated trading environment. Alternatively, the Company may, at its sole discretion, fund such Virtual Performance Fee from its own resources. 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 PropFunders 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 PropFunders Account at the time of making a withdrawal request, virtual trading can resume once the withdrawal amount has been sent from our company.

18. 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.

Dispute Policy: Clients who improperly dispute charges or request chargebacks with their bank will be permanently banned from the Platform. Please contact our email support if you have any questions.

Acceptance Of This Policy: It is your responsibility to familiarize yourself with this refund policy. By placing an order for any of our products, you indicate that you have read this refund policy and that you agree with and fully accept the terms of this refund policy. If you do not agree with or fully accept the terms of this refund policy, we ask that you do not place an order with us. Please contact us at info@propfunders.com should you have any questions regarding our refund policy.

18. Giveaway and Promotional Accounts

From time to time, the Company may offer complimentary or promotional funded accounts (“Promotional Accounts”) through giveaways, marketing campaigns, or other discretionary offers. These accounts are subject to the same trading rules and performance criteria outlined in these Terms & Conditions, as well as any additional conditions provided in promotional materials or FAQs.

A payout cap of 2% of the initial virtual account balance applies to each withdrawal request for Promotional Accounts. Traders must meet all applicable trading objectives before becoming eligible for any payout.

Prior to receiving a first payout, holders of Promotional Accounts may be required to submit a short video testimonial or review about their experience with the platform.

Each individual may claim no more than one Promotional Account per calendar month, with a maximum of three (3) Promotional Accounts per calendar year, regardless of the promotion or entry method.

From time to time, the Company may offer promotional discounts or incentives to Traders, including but not limited to Buy One Get One Free (BOGO) promotions. The following terms apply specifically to BOGO promotions:

• The BOGO offer entitles the Trader to one free evaluation account of equal or lesser value upon the successful purchase of a qualifying evaluation account.

• Both accounts must be activated within 30 days of purchase.

• The free account is non-transferable and must be used by the same Trader.

• No cash value is associated with the free account, and it may not be exchanged or refunded.

• The Company reserves the right to modify or cancel any promotional offer at any time.

• Abuse of promotions may result in disqualification from future promotions or account termination.

19. 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.

20. 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.

21. 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.

22. 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.

23. 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.

24. 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.

25. 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 PropFunders 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. PropFunders 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 PropFunders unless explicitly stated.

26. Personal Information

We prioritize your privacy at PropFunders. 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.

27. Contact Information

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

Telephone: +44 208 798 3608

Email: info@propfunders.com