General Trading Rules and Risk Guidelines
Drawdown Rules
1) Drawdown: All traders must ensure that they are aware of the maximum drawdown and daily drawdowns for their respective challenges or funded accounts before you engage.
2) 2 Step Challenge: Evaluation #1 and Evaluation #2 have a maximum drawdown of 12%, while the funded account has a maximum drawdown of 10%, with a daily drawdown limit of 5%.
3) 2 Step Challenge (pro): Both Evaluation and Funded accounts have a maximum drawdown of 10% and a daily drawdown limit of 5%.
4) 1 Step Challenge: The Evaluation account has a maximum drawdown of 6% and a daily drawdown limit of 4%, while the funded account has a maximum drawdown of 6% and a daily drawdown limit of 4%.
5) Instant Funded Account: The maximum drawdown and daily drawdown for Instant funded accounts are 5%.
Breaching any of these limits will result in disqualification.
Trading Strategies Guidelines
6) Hedging: The use of multiple accounts for hedging is not allowed, as it does not align with proper trading strategies. Hedged entries between any two accounts are prohibited.
7) Martingale/Grid Trading/Layering: These strategies due to their speculative nature are not permitted, as they do not reflect proper trading approaches.
However, you will have the flexibility to add one or two additional positions to a running position if your strategy demands.
But this should not be considered a free pass to abusively do it in every entries or position(s)
8) Buying/Selling Abusively: Abusive buying and selling without a clear strategy within a short time frame or within 24 hours are restricted.
A maximum of 50 positions/trades are allowed within a 24-hour period, which resets every 5pm est
9) No Abuse/Gambling: We expect traders to exercise common sense and treat their accounts with responsibility and care. This challenge is not an opportunity for reckless or speculative trading.
This encompasses imprudent placement of substantial positions without adequate risk management, the implementation of strategies designed to exploit system errors, such as incorrect prices or delays, and the utilization of any specialized software or tools that could disrupt our system, etc.
Engaging in activities that may inflict financial or other harm upon us or deviate from standard trading practices in financial markets is strictly prohibited.
Treat the account as you would a live account, with the potential for substantial capital.
You can trade the way you want, use EA, bots, hold through weekends, overnight, hedging, etc. But this doesn’t mean that you can take advantage of the system such as gap trading, spamming servers, high frequency trading, using third party management services, copying trades with one another, taking similar trades with one another, etc.
Any of these will lead to termination of the account
10) EAs (Expert Advisors): While EAs are allowed, high-frequency EAs, high-speed scalping, tick scalping, latency arbitrage trading, reverse arbitrage trading, hedge arbitrage trading, or the use of emulators are not permitted.
11) Scaling Plan: Once funded, traders are required to grow their accounts through the scaling plan for risk management and control purposes. There are no specific constraints on your trading style, as long as it aligns with our trading guidelines
12) Inactivity Period : A trader can’t keep the account inactive for 30 days straight, at least one trade must be taken in the span of 30 days.
Failing to do so will lead to deactivation/termination of the account as the system demands
13) IP Address Consistency : We prioritize the security and transparency of your trading experience. To achieve this, we’ve established IP address matching standards for different trading stages.
Your IP address region should remain consistent throughout your trading journey, from the Evaluation/Challenge accounts to Funded accounts. Any change may trigger a verification process by our Team to ensure your account’s security.
Any inconsistency or regional change may prompt our Risk Team to request verification via documents or live video, safeguarding your account from unauthorized access or interference.
If you plan to travel, please inform our support team beforehand. This proactive step ensures a secure trading experience while on the move. We are committed to protecting your account and providing a trustworthy trading environment. Your cooperation is appreciated.
Violation Consequences
Any breach of the risk guidelines or program restrictions will result in termination of the account, along with forfeiture of profits and deposits provided.
We urge all traders to adhere to these guidelines and restrictions to maintain a secure and successful trading experience.
TERMS & CONDITIONS
FPF GENERAL TERMS AND CONDITIONS
1. Introduction
These Terms & Conditions (“Terms”) outline the rights and responsibilities associated with the use of services offered by FPF s.r.o. (“Provider”) through the www.forexpropfirm.com website (“Website”). To ensure a clear understanding, please read these Terms carefully. You are not obligated to use our services if you do not agree with or comprehend any part of these Terms.
1.2. Contractual Agreement
1.2.1. These Terms govern the rights and obligations of users (“you” or “Customer” or “Client”or “trader”) in connection with the Provider’s services.
1.2.2. By registering on the Website or using our Services, you enter into a contract with the Provider. These Terms are an integral part of this contract, and your usage of our services implies your agreement with these Terms.
1.3. Age and Eligibility
1.3.1. Our Services are intended for individuals aged 18 and above, residing in countries where our services are available. By registering, you confirm you are over 18 years old. If you are under 18, you may not use our Services.
1.3.2. You commit to access our Services only from countries where they are legally accessible. You acknowledge that certain countries may restrict or prohibit your access to our Services, and you agree to comply with all applicable laws.
1.4. Description of Services
1.4.1. Our Services include tools for simulated foreign exchange trading and trading with other financial instruments, analytical tools, educational materials, and related services, primarily through the Client Section or third-party applications.
1.4.2. Simulated trading uses financial market data, but any trading you perform through our Services is not real. Funds provided for demo trading are fictitious and cannot be used for actual trading or payment. You are not entitled to profits or required to cover losses unless expressly agreed otherwise.
1.5. Not Investment Services
1.5.1. None of our Services constitute investment services under applicable laws. We do not provide guidance, instructions, or information on trading transactions or investment tools.
1.5.2. Our employees, staff, or representatives are not authorized to offer investment advice or recommendations. Any information from our employees should not be construed as investment advice, and we explicitly disclaim any responsibility in such cases.
1.6. Privacy Policy
Your personal data is processed in accordance with our Privacy Policy.
2. Services and Ordering
2.1. You can request our services through our Website by completing the appropriate registration or order form. After registration, we will email you your login details for accessing the Client Section and/or Trading Platform.
2.2. Our services include FPF Challenge and Nio Challenge (Instant) products, with variations in the scope of services provided, such as analytical tools.
2.3. Data Accuracy
All information you provide during registration, orders, or within the Client Section must be complete, accurate, and up-to-date. It’s your responsibility to maintain accurate data, and we are not obligated to verify it.
2.4. Fee Structure
The fee for the FPF Challenge varies based on factors like initial capital, risk tolerance, and specific parameters. Detailed information is available on our Website. The final fee is determined by your selection during the ordering process.
2.5. Fee Refunds
Fees are non-refundable, even if you cancel your Client Section, terminate services prematurely, fail to meet conditions, or breach these Terms.
2.6. Disputes
If you dispute a paid fee with your bank or payment service provider, we may cease providing services and refuse future service.
2.7. Challenge Options
Your FPF Challenge selection also applies to No Challenge(Instant). Once chosen, options cannot be changed. This restriction does not apply when ordering a new FPF Challenge.
2.8. Fee and Parameter Changes
We may unilaterally modify service fees and parameters at any time, affecting purchases made after notification.
2.9. Ordering Process
Order forms can be edited until submission. Your order is complete upon fee payment, initiating the contract for the FPF. The contract is in English, archived electronically, and not accessible.
2.10. Technical Requirements
You must provide your own technical equipment and software, including third-party software, at your expense. The Provider does not guarantee compatibility with specific equipment or software.
2.11. Third-party Platforms
Operators of trading platforms have their terms and privacy policies. You must review and accept these terms before submitting an order.
2.12. Unusual Behavior
We may notify and take precautions if you place an unusually large number of orders in a short time. If such behavior relates to Forbidden Trading Practices, we may take further actions as described in Section 5 of these Terms. We reserve the right to determine the nature of such behavior.
3. Payment Terms
3.1. Fee Currency and Conversion
The fees for FPF Challenge options are in USD but can also be paid in other currencies. If you pay in a currency other than the USD, then the exchange rate is settled by the payment processor that a client is using
3.2. Tax Obligations
Service charges include all applicable taxes. If you’re an entrepreneur (trader), you are responsible for complying with tax obligations related to our services as per applicable law.
3.3. Payment Methods
You can pay for the selected FPF Challenge option using a payment card, or other methods offered on our Website.
3.4. Payment Processing
When paying with a card or express payment method, the payment is immediate. You must settle the amount within the specified time frame. The payment is considered complete when the full amount is credited to our account. Failure to pay on time may result in order cancellation. You are responsible for any fees charged by the payment service provider according to their current pricing. Ensure the full payment for the selected FPF Challenge.
4. Client Section
4.1. Single Client Section
Each customer is allowed one Client Section to manage all their services.
4.2. Limits on Challenges and No Challenges (Instant)
The number of FPF Challenges and No Challenges (Instant) may be limited based on the total initial capital amounts of products you’ve ordered or other parameters.
FPF reserves the right to increase or decrease or limit the total capital amounts allotted to a client
Initial capital amounts cannot be transferred between products unless we grant an exception. You also cannot transfer or combine performance, service parameters, data, or any other information between products.
4.3. Access and Responsibility
Access to the Client Section and Trading Platform is protected by login data. You must not share these with third parties.
You are responsible for all activities within your Client Section or Trading Platform. We are not responsible for misuse or its consequences, should it occur due to your actions.
4.4. Service Availability
Services may not be available at all times due to maintenance, upgrades, or other reasons. We are not liable for any unavailability, damage, or loss of data or content you upload through the Client Section or Trading Platform.
4.5. Cancellation of Client Section
You can request Client Section cancellation by emailing [email protected]. This request terminates the contract, and you lose access to our Services. We’ll confirm this via email, and you won’t be entitled to a refund of already paid fees or any other incurred costs.
5. Rules for Trading
5.1. Data Sharing
We can see the trades you make on our platform. By using our services, you give us permission to share this data with our partners and related entities. This helps us improve our services. You don’t need to approve this every time, and you won’t get paid for this information. Remember, your demo trading doesn’t count as giving us investment advice, and you can stop at any time.
5.2. Accuracy of Information
We want to be clear that we’re not responsible for any mistakes or delays in the market information you see in your account.
5.3. Forbidden Trading Practices
5.3.1. What Not to Do in Demo Trading
When you’re using the demo account, you should not:
(a) Try to use tricky strategies that take advantage of errors in our system, like wrong prices or delays.
(b) Make trades using slow or external data sources.
(c) Work with others to manipulate the trading, like making opposite trades at the same time.
(d) Break any of the General Trading Rules and Risk Guidelines
(e) Break any of our Terms & Conditions
(f) Use any special software or tools that could mess with our system.
(g) Do anything that could harm us financially or otherwise, or that goes against how trading usually works in the financial markets.
5.4. What Happens if You Break the Rules
If you don’t play by the rules and engage in any of the unfair practices we mentioned in section 5.3:
(i) We might consider it a failure to meet the requirements of the challenge(s) or Funded account(s)
(ii) We can remove those unfair trades from your trading history and not count them in your demo trading profits and losses.
(iii) We may even have to stop providing you with our services and end our agreement.
5.5. Multiple Unfair Practices
If we see unfair practices on one or more accounts of a single customer or across different customer accounts, or if you mix trading between different types of accounts, we can cancel all services and agreements related to those accounts.
5.6. Third-Party Accounts
If unfair practices involve FPF Trader accounts from third-party providers, it might violate their rules and lead to the cancellation of those accounts and agreements.
5.7. Repeated Unfair Practices
If you keep breaking the rules after we’ve warned you, we can restrict your access to all or parts of our services, including the Client Section and Trading Platform, without giving you any money back.
5.8. Real Trading Responsibility
We’re not responsible for your real trading activities, even if you use data or information from our platform for it.
5.9. Financial Market Risks
Remember, financial markets can be unpredictable. Trading may not always make you money and could lead to losses. Just because you did well in demo trading doesn’t mean you’ll do the same in real trading.
5.10. Inactivity
If you don’t open a trade for 30 consecutive days, your account will be automatically deactivated due to inactivity. We reserve the right to terminate or reinstate the challenge account based on this inactivity period.
6. FPF Challenge(s)
Successful Challenge(s): If you meet the conditions without breaking any rules, the Provider will re-evaluate the Challenge(s), and you’ll be recommended for the FPF Funded Trader program
Unsuccessful Challenge(s): If you don’t meet the conditions during the Challenge or break any rules, it will be considered unsuccessful, and you won’t access the next step. Your account and services will be canceled without a refund.
FPF Funded Trader Program Acceptance: Being recommended for the FPF Funded Trader Program doesn’t guarantee acceptance. We reserve the right to approve or reject a client to the Funded Trader Program.
7. Use of Website and Services
7.1. Ownership and Permission:
The content on the website and services, including text, graphics, and more, is protected by copyright and owned by the Provider. You get permission to use it, but it’s limited, and you can’t claim ownership.
7.2. Trademarks:
The trademarks, logos, and names belong to the Provider, and you can’t use them.
7.3. Fair Dealing:
Both you and the Provider agree to be fair and not harm each other’s reputation. Disputes will be resolved following the law and these terms.
7.4. Limited Rights:
You only have the rights mentioned in these terms, nothing more.
7.5. Prohibited Actions:
When using the Services and content, you can’t:
– Use tools to harm the website or take advantage of errors.
– Get around location or technical restrictions.
– Copy or modify the content.
– Sell, rent, or distribute it.
– Use automated tools to collect information.
– Do anything that might damage the Provider.
7.6. Consumer Rights:
These rules don’t affect your rights as a consumer under the law.
8.Disclaimer
8.1. Use at Your Risk:
The services and content come “as is,” and you use them at your own risk. The Provider doesn’t guarantee any specific quality, fitness, or non-infringement.
8.2. Limitation of Liability:
The Provider isn’t responsible for any indirect, special, or other damages, including lost profit, data loss, or harm caused by using the services. If the Provider is found liable, it’s limited to the fee you paid for the specific service.
8.3. Changes to Services:
The Provider can change, add, or remove services at any time without compensation.
8.4. Misinformation or Misconduct
In the event of disseminating inaccurate information, making false accusations, or engaging in activities that may mislead or adversely affect our reputation, the terms of our agreement will be violated. Consequently, your challenge or funded account will be promptly terminated without prior notice.
8.5. Unforeseeable Events:
The Provider isn’t responsible if it can’t provide services due to things beyond its control like natural disasters, wars, or legal obligations.
8.6. Protecting Your Rights:
These terms don’t take away your rights under the law, especially those as a consumer.
9. Violation of the GTC
9.1. Consequences of Violation:
If you violate these terms in a way that could harm the Provider, like providing false information or damaging their reputation, the Provider can restrict your access to their services without notice or compensation.
10. Communication
10.1. How We Communicate:
All communication from the Provider or their partners regarding services will happen through your registered email or the Client Section.
10.2. Contact Email:
The contact email is [email protected].
11. Right to Withdraw from a Contract
11.1. Withdrawal Right:
As a consumer, you can withdraw from a contract within 48 hours. But, if you start using the services, you lose this right.
11.2. Withdrawal Process:
To withdraw, send an email to [email protected] within the given time frame. The Provider will confirm and refund any fees received from you within 14 days.
11.3. Immediate Termination:
The Provider can withdraw from the contract immediately if you breach Clause 9.
12. Defective Performances
12.1. Quality Complaints:
If the services don’t meet the agreement, you can complain. The Provider doesn’t guarantee quality. You must report any defects promptly by email. You can ask for repairs or a discount. If it can’t be fixed, you can cancel.
12.2. Timely Resolutions:
The Provider will address your complaint within 30 days. If they don’t, you can withdraw.
13. Changes to the GTC
13.1. Terms Updates:
The Provider can change these terms at any time, affecting new customers and new orders immediately. Existing customers will be notified of changes. The terms you agreed to when you ordered services will apply during the service duration.
14. Out-of-Court Consumer Dispute Settlement
Addressing Concerns:
If you have complaints or suggestions, the Provider will work to resolve them. Contact them via email or their provided address.
15. Final Terms
15.1. Conduct Codes:
The Provider does not follow any specific consumer conduct codes.
15.2. Complete Agreement:
These terms are the full and final agreement between you and the Provider, replacing any previous agreements, spoken or written, on the same subjects.
15.3. Legal Claims:
Nothing in these terms limits any legal claims mentioned here or based on the law. Not enforcing these terms doesn’t mean giving up any rights or claims.
15.4. Assignment:
The Provider can transfer their rights and obligations to a third party. You can’t transfer your rights, obligations, or claims to others.
15.5. Invalid Provisions:
If any part of these terms is found invalid, it will be replaced with something as close as possible. This won’t affect the rest of the terms.
15.6. Schedule Agreement:
Schedules are part of these terms. If there’s a conflict, the main terms apply.
15.7. Assumed Risks:
Both parties carefully considered the risks before accepting these terms.
