General Terms and Conditions
with the use of services provided by Trusted Prop Funds (the “Services”), offered mainly
through the www.trustedpropfunds.com website (the “Website”). Please read these GTC carefully. You are
under no obligation to use the Services if you do not agree or understand any portion of these Terms,
nor should you use the Services unless you understand and agree to these Terms.
1.INTRODUCTORY PROVISIONS
1.1.These GTC govern your (“you”, “your”, or the “Customer”) rights and obligations in
connection with the use of the Services provided by Trusted Prop Funds, with
its registered office at Address: Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates, License Number: 24389
(“we”, “our”, or the “Provider”).
1.2.By registering on the Website or, where registration is not required, not later than by your
first use of the Services, you are entering into a contract with the Provider, the subject of
which is the provision of the Services of your choice. The GTC form an integral part of
such a contract and, by executing the contract with the Provider, you express your
agreement to these GTC.
1.3.The Services are only intended for persons over the age of 18 residing in the country
for which the Services are available. By registering on the Website, you confirm that you
are over 18 years of age. If you are under 18 years of age, you may not use the Services.
You undertake to access the Services solely from one of the countries for which
the Services are available. You acknowledge that your access to and use of the Services
may be restricted or prohibited by law in some countries, and you undertake to only access
and use the Services in accordance with applicable laws.
1.4.The Provider shall not provide Services to Customer that:(i) is of nationality or is residing
in Restricted Jurisdictions; (ii) is established or incorporated, or has a registered office in
Restricted Jurisdictions; (iii) is subject to the relevant international sanctions; or (iv) has
a criminal record related to financial crime or terrorism. Restricted Jurisdictions means
countries determined as such by the Provider and publishedhereon the Website. The
Provider reserves the right to refuse, restrict or terminate the provision of any Services to
Customer as per this Clause 1.4. and such Customer is prohibited to use the Services,
which also includes the use of theClient Section and/or Trading Platform.
1.5.The Services consist of the provision of tools for simulated foreign exchange trading
on the FOREX market or simulated trading with other instruments on other financial
markets, provision of analytical tools, training and educational materials, the access to
the Client Section, and other ancillary services, in particular through the Client Section or
by the provision of access to applications provided by the Provider or third parties.
Financial market information is used in the simulated trading; however, you acknowledge
that any trading that you perform through the Services is not real. You also acknowledge
that the funds provided to you for demo trading are fictitious and that you have no right
to possess those fictitious funds beyond the scope of their use within the Services, and in
particular that they may not be used for any actual trading and that you are not entitled
to the payment of those funds. Unless expressly agreed otherwise, you will not be paid
any remuneration or profits based on the results of your simulated trading, nor will you
be required to pay any losses.
1.6.NONE OF THE SERVICES PROVIDED TO YOU BY THE PROVIDER CAN BE CONSIDERED
INVESTMENT SERVICES IN ACCORDANCE WITH APPLICABLE LAWS. THE PROVIDER DOES
NOT GIVE OR PROVIDE TO YOU ANY GUIDANCE, INSTRUCTIONS, OR INFORMATION
ABOUT HOW OR IN WHICH MANNER YOU SHOULD PERFORM TRANSACTIONS WHEN
USING THE SERVICES OR OTHERWISE, OR ANY OTHER SIMILAR INFORMATION ABOUT
THE INVESTMENT TOOLS TRADED, NOR DOES THE PROVIDER ACCEPT ANY SUCH
GUIDANCE, INSTRUCTIONS, OR INFORMATION FROM YOU. NONE OF THE SERVICES
CONSTITUTE INVESTMENT ADVICE OR RECOMMENDATIONS. NO EMPLOYEES, STAFF, OR
REPRESENTATIVES OF THE PROVIDER ARE AUTHORIZED TO PROVIDE INVESTMENT
ADVICE OR RECOMMENDATIONS. SHOULD ANY INFORMATION OR STATEMENT OF ANY
EMPLOYEE, STAFF, OR REPRESENTATIVES OF THE PROVIDER BE INTERPRETED AS
RESPONSIBLE FOR THEM.
1.7.Your personal data is processed in accordance with thePrivacy Policy.
1.8.The meaning of the definitions, expressions, and abbreviations used in these GTC can be
found in clause18.
2.SERVICES AND THEIR ORDER2.1.You can order the Services through the Website by completing the appropriate registration
or order form. After registration, we will e-mail you the login details for the Client Section
and/or Trading Platform and allow you to access them.
2.2.The Services include, among other things, TPF Challenge, and Verification
products; these products may differ in the scope of the Services provided
(e.g., by analytical tools available to the Customer).
2.3.All data that you provide to us through the registration or order form, the Client Section,
or otherwise must be complete, true, and up to date. You must immediately notify us
of any change in your data or update the data in your Client Section. The Customer is
responsible for all the provided data being accurate and up to date; the Provider is not
obligated to verify the data.
2.4.You acknowledge that if you provide an identification number, tax registration number
or other similar information in the registration or order form or in the Client Section,
or if you state that you are a legal entity, you will be considered as an entrepreneur
(trader) for the purposes of these GTC and when using the Services, and the provisions
of these GTC or the applicable law that grant rights to consumers will not apply to you.
2.5.The fee for the TPF Challenge varies according to the option selected and depends on
the amount of the initial capital, the degree of the acceptable risk, the parameters that
must be fulfilled so that the conditions of the TPF Challenge and the subsequent
Verification are met, and possibly other configurations. More detailed information on
individual options and fees for those options are provided on our Websitehere. The final
fee will be determined based on the option you select when completing the form for
ordering theTPF Challenge. The Provider reserves the right to also provide the Services
under individually agreed conditions. All individually agreed conditions shall be determined
by the Provider at its own discretion. Individual discounts and other benefits may not be
combined, unless expressly stipulated otherwise by the Provider.
2.6.The fee is paid for allowing you to access the TPF Challenge, or the Services provided
under the TPF Challenge. The Customer is not entitled to a refund of the fee, for
example, if the Customer cancels the Customer’s Client Section or requests the
cancellation by e-mail, if the Customer terminates the use of the Services or the contract
(for example, fails to complete the TPF Challenge or the Verification), fails to meet the
conditions of the TPF Challenge or the Verification, or violates these GTC.
2.7.If the Customer lodges an unjustifiable complaint regarding the paid fee or disputes
the paid fee with the Customer’s bank or payment service provider (e.g. through
chargeback services, dispute services, or other similar services), on the basis of which
an annulment, cancellation or refund of the fee or any part thereof is requested,
the Provider is entitled, at its own discretion, to stop providing to the Customer any
services and refuse any future provision of any services.
2.8.Your choice of the option of the TPF Challenge that you select when making an order
shall also apply to the subsequent Verification. You will start the subsequent Verification
and, possibly, other products related thereto, with the parameters and the same currency
that correspond to the option of the TPF Challenge selected by you. Once you make a
selection, it is not possible to change it.
If you are ordering a new TPF Challenge, the restrictions specified in this clause2.8
shall not apply.
of the Services at any time, including the parameters for their successful completion.
The change does not affect the Services purchased before the change is notified.
2.10.Any data entered in the order form can be checked, corrected, and amended until
the binding order of the Services. The order of the Services of your choice is made by
submitting the order form. The Provider will immediately confirm the receipt of your order
to your e-mail address.
In the case of the TPF Challenge, the order is completed upon the payment of the fee
for the selected option (more on this in clause3.4), whereby the contract between you
and the Provider is executed, the subject of which is the provision of the TPF Challenge
and, if the conditions of the TPF Challenge are met, the Verification. The contract is
concluded in English. We archive the contract in electronic form and do not allow access
to it.
2.11.You acknowledge that in order to use our Services, you must obtain the appropriate
technical equipment and software, including third-party software (e.g., software for
the use of the Trading Platform), at your own risk and expense. The Website is accessible
from the most commonly used web browsers. The internet access, purchase of the
equipment, and purchase of the web browser and its updates are at your own risk
and expense. The Provider does not warrant or guarantee that the Services will be
compatible with any specific equipment or software. The Provider does not charge any
additional fees for the internet connection.
2.12.You acknowledge that the operators of trading platforms are persons or entities different
from the Provider and that their own terms and conditions and privacy policies will apply
when you use their services and products. Before sending an order form, you are obligated
to read those terms and conditions and privacy policies.
2.13.If the Customer places an unusually large number of orders for the Services within an
unreasonably short period of time, the Provider may notify the Customer through the
Client Section as a protective precaution to mitigate potentially harmful behaviour of the
Customer. If such unreasonable behaviour continuous after such notice, we reserve the
right to suspend any further orders of the Services by the Customer. If we identify that
the unusual behaviour as per this paragraph relates to the Customer’s involvement in
Forbidden Trading Practices, we may take respective actions as perceived in Section 5 of
this GTC. The Provider reserves the right to determine, at its own discretion, the nature
of the behaviour described above and reasonable boundaries for such determination.
3.PAYMENT TERMS
3.1. The amounts of fees for the TPF Challenge options are in USD.
3.2. Service charges are inclusive of all taxes. If the Customer is an entrepreneur (trader), he
is obliged to fulfil all his tax obligations in connection with the use of our Services in
accordance with applicable law, and in the event of an obligation, he is obliged to pay tax
or other fees properly.
3.3.You can pay the fee for the selected option of the TPF Challenge by a payment card or using other means of payment that the Provider currently offers on the
Website.
3.4.In the event of payment by a payment card or via any other express payment method,
the payment shall be made immediately. The fee is
considered paid when its full amount is credited to the Provider’s account. If you do not
fees charged to Customer by the selected payment service provider (according to the valid
pricelist of the payment service provider) in connection with the transaction and the
Customer is obliged to ensure that the respective fee for the selected TPF Challenge is
paid in full.
4.CLIENT SECTION AND TRADING PLATFORM
4.1.Only one Client Section is permitted per Customer and all of the Customer’s Services must
be maintained in the Client Section.
4.2.The total number of TPF Challenges and Verifications per one Client Section may be
limited depending on the total sum of the initial capital amounts of the products ordered
by the Customer or on the basis of other parameters. Unless the Provider grants an
exception to the Customer, the initial capital amounts may not be transferred between the
individual products or mutually combined. You may also not transfer or combine your
performance, Service parameters, data, or any other information between the products.
4.3.Access to the Client Section and Trading Platform is protected by login data, which
the Customer may not make available or share with any third party. If the Customer has
registered as a legal entity, the Customer may allow the use of the Services through the
Customer’s Client Section to the authorized employees and representatives. The Customer
is responsible for all activities that are performed through the Customer’s Client Section
or Trading Platform. The Provider bears no responsibility, and the Customer is not entitled
to any compensation, for any misuse of the Client Section, Trading Platform, or any part
of the Services, nor is the Provider responsible for any negative consequences thereof for
the Customer, if such misuse occurs for any reasons on the part of the Customer.
4.4.The Customer acknowledges that the Services may not be available around the clock,
particularly with respect to maintenance, upgrades, or any other reasons. In particular,
the Provider bears no responsibility, and the Customer is not entitled to any compensation,
for the unavailability of the Client Section or Trading Platform and for damage or loss
of any data or other content that Customer uploads, transfers or saves through the Client
Section or Trading Platform.
4.5.The Customer may at any time request the cancellation of the Client Section by sending
an e-mail tosupport@trustedpropfunds.com. Sending a request for the cancellation of the Client
Section is considered as a request for termination of the contract by the Customer, with
the Customer being no longer entitled to use the Services, including the Client Section
and Trading Platform. The Provider will immediately confirm the receipt of the request to
the Customer by e-mail, whereby the contractual relationship between the Customer and
the Provider will be terminated. In such a case, the Customer is not entitled to any refund
of the fees already paid or costs otherwise incurred.
TPF (the Company):
TPF is responsible for offering funding to those undergoing evaluation.
The Client:
By registering for the TPF Challenge Funded Trader Program, you are confirming your agreement to the Funding Terms and Conditions as outlined in the subsequent pages: “Challenge FTP“, “Challenge Scaling Plans“, “FAQs“, “Challenge Terms and Conditions“.
Upon signing up, you will have two roles to progress:
1. TPF Challenge Trader (CT): A funded trader pursuing either Phase 1 or Phase 2 on a Demo Challenge account to qualify to become a TPF Trader on Phase 3 once all the Phase I and II trading objectives are met.
- Challenge Phase 1: is the first Phase of the TPF Challenge Program, where the TPF Challenge Trader is provided with a Demo account as a practical part of TPF’s educational journey to become a TPF Trader in Phase 3.
- Challenge Phase 2: is the second Phase of the TPF Challenge Funded Trader Program, where the Challenge Trader is provided with a 2nd Demo account to become a TPF Trader in Phase 3. At this stage, the TPF Challenge Trader must have shown to be consistently profitable for the period of Phases 1 and 2 and have followed all the terms and conditions of this Agreement.
2. TPF Funded Phase 3:A challenge trader achieved Phases 1 and 2 objectives and moved to Phase 3.
- TPF Trader Phase 3: This is the phase where the Challenge Trader has passed Phases 1 and 2. The TPF Trader will be fully qualified during this phase, and TPF will contract the trader to trade virtual Funded capital.
TPF Easy Instant Funding
TPF (the Company):
TPF is responsible for offering funding to those undergoing evaluation.
The Client:
By registering for the Challenge Funded Trader Program, you are confirming your agreement to the Funding Terms and Conditions as outlined in the subsequent pages: “Instant Funding“, “Instant Funding Scaling Plans“, “FAQs“, and “Instant Funding Terms and Conditions“.
Upon signing up, you will have two roles to progress:
1. Instant Funding Trader (ET): A funded trader pursuing the instant funding on a live funded account to qualify for the TPF Portfolio Manager (PM) once all the instant funding requirements are met.
- The Instant Funding Phase: is the first stage of the Instant Funding Trader Program, where the Instant Funding Trader is provided with the practical part of TPF’s educational journey to become a TPF Portfolio Manager at the company. At this stage, the Instant Funding Trader must show a consistently profitable trading performance for the period of the Instant Funding Phase specified by TPF while meeting all the Instant Funding terms and conditions.
2. TPF Portfolio Manager (PM): An Instant Funding trader achieved the initial instant funding requirements and moved to the next phase, trading a fully funded account, or a Direct Funding Trader who signed up to one of the Direct Funding Plans, skipping the instant funding phase.
- The TPF Portfolio Manager Phase: this is the phase where the Instant Funding Trader has met all the trading requirements and successfully passed the Instant Funding Phase, or the Funded Trader signed up through the Direct Funding route. The Portfolio Manager will be fully qualified during this phase, and TPF will contract the trader to trade TPF’s virtual capital.
TPF Direct Funding
TPF (the Company):
TPF is responsible for offering funding to those undergoing evaluation.
The Client:
By registering for the Challenge Funded Trader Program, you are confirming your agreement to the Funding Terms and Conditions as outlined in the subsequent pages: “Direct FTP“, “Direct Funding Scaling Plans“, “FAQs“, and “Direct Funding Terms and Conditions“.
Upon signing up, you will have the following role to progress:
TPF Portfolio Manager (PM): You have paid a premium access fee in order to skip the initial Classic / Standard Evaluation requirements and start as a Portfolio Manager.
- The TPF Portfolio Manager Phase: This is the phase where the Evaluation Trader has met all the trading requirements and successfully passed the Evaluation Phase, or the Funded Trader signed up through the Direct Funding route. The Portfolio Manager will be fully qualified during this phase, and TPF will contract the trader to trade TPFs virtual capital.
Who can be funded by TPF?
- The Traders can be anyone who is above 18 years.
- Any Trader from any nationality (Europe, North America, South America, Africa, Asia, Australia, & New Zealand) can join, excluding clients from the following countries: Syria, North Korea, Cuba, & Iran.
- The funded accounts are available for individual traders to trade the TPF’s virtual capital during the Evaluation and Portfolio Manager Phases.
- For KYC purposes: upon passing the Evaluation, the Funded Trader must provide the following:
- Proof of Identity: a valid ID, Passport, or Driving Licence.
- Proof of Address: a Recent Utility Bill, Bank Statement, or Broadband Bill dated no older than three months.
- The TPF Funded Trader Program is not designed for large organisations, a group of individuals, or copy traders.
- The Funded Trader must have at least some experience with forex trading terms, such as the difference between Market Orders, Limit Orders, and Stop Orders, Market Open and Closing Hours, Economic Calendar and News Releases, Flexible and Fixed Spreads, Overnight Rollover Time, Commissions, Overnight Swaps, Pip, Point Value, Lot Size, Stop Loss, Take Profit, Market Order, Stop Order, Limit Order, Ask, Bid, Relative Drawdown, Absolute Drawdown.
- The Funded Trader must also demonstrate adequate trading skills in all the Funded Trader Program phases.
- The Funded Trader must understand the terms and conditions of this Agreement before signing up for any funding plans and their minimum requirements.
- The funded trader must adjust their risk exposure to match the requirements of the Funded Trader Program before starting to trade with TPF’s virtual capital.THE CHALLENGE FEE STRUCTURE, REFUND, & FREE RETRY POLICY
unless these constitute forbidden trading strategies or practices within the meaning
of clause
on financial markets (e.g., risk management rules). Restrictions may also be imposed by
the trading conditions of the Trading Platform that you have selected for trading.
5.2.You acknowledge that the Provider has access to information about the demo trades that
you perform on the Trading Platform. You grant the Provider your consent to share this
information with persons/entities who are in a group with the Provider or who are
otherwise affiliated with the Provider, and you grant the Provider and these
persons/entities your consent and authorization to handle this information at their own
will. You agree that these activities may be performed automatically without any further
consent, consultation, or approval on your part being necessary, and that you are not
entitled to any remuneration or revenue associated with the use of the data
by the Provider. The Provider is aware that you do not provide the Provider with any
investment advice or recommendations through your demo trading. You acknowledge that
you may suspend your demo trading on the Trading Platform at any time.
nor for any interruption of, or delay or inaccuracy in the market information displayed
through your Client Section.
5.4.FORBIDDEN TRADING PRACTICES.
5.4.1.DURING THE DEMO TRADING, IT IS PROHIBITED TO:
(a)KNOWINGLY OR UNKNOWINGLY USE TRADING STRATEGIES THAT
EXPLOIT ERRORS IN THE SERVICES SUCH AS ERRORS IN DISPLAY
OF PRICES OR DELAY IN THEIR UPDATE;
(b)PERFORM TRADES USING AN EXTERNAL OR SLOW DATA FEED;
(c)PERFORM, ALONE OR IN CONCERT WITH ANY OTHER PERSONS,
INCLUDING BETWEEN CONNECTED ACCOUNTS, OR ACCOUNTS HELD
WITH DIFFERENTTPFENTITIES,TRADES OR COMBINATIONS OF
TRADES THE PURPOSE OF WHICH IS TO MANIPULATE TRADING, FOR
EXAMPLE BY SIMULTANEOUSLY ENTERING INTO OPPOSITE POSITIONS;
(d)PERFORM TRADES IN CONTRADICTION WITH THE TERMS AND
CONDITIONS OF THE PROVIDER AND THE TRADING PLATFORM;
(e) USE ANY SOFTWARE, ARTIFICIAL INTELLIGENCE, ULTRA-HIGH SPEED,
OR MASS DATA ENTRY WHICH MIGHT MANIPULATE, ABUSE, OR GIVE
YOU AN UNFAIR ADVANTAGE WHEN USING OUR SYSTEMS OR
SERVICES;
(f) PERFORM GAP TRADING BY OPENING TRADE(S):
(I) WHEN MAJOR GLOBAL NEWS, MACROECONOMIC EVENT OR
CORPORATE REPORTS OR EARNINGS (“EVENTS”),THAT MIGHT
AFFECT THE RELEVANTFINANCIALMARKET (I.E. MARKET THAT
ALLOWS TRADING OF FINANCIAL INSTRUMENTS THAT MIGHT BE
AFFECTED BY THE EVENTS),ARE SCHEDULED; AND
(II) 2 HOURS OR LESS BEFORE A RELEVANT FINANCIALMARKET IS
CLOSED FOR 2 HOURS OR LONGER.; OR
(g)OTHERWISE PERFORM TRADES IN CONTRADICTION WITH HOW
TRADING IS ACTUALLY PERFORMED IN THE FOREX MARKET OR IN ANY
OTHER FINANCIAL MARKET, OR IN A WAY THAT ESTABLISHES
JUSTIFIED CONCERNS THAT THE PROVIDER MIGHT SUFFER FINANCIAL
OR OTHER HARM AS A RESULT OF THE CUSTOMER’S ACTIVITIES (E.G.
OVERLEVERAGING, OVEREXPOSURE, ONE-SIDED BETS, ACCOUNT
ROLLING).
5.4.2. As our Customer, you should understand and agree that all our Services are
for Customer’s personal use only, meaning that only you personally can access
your TPF Challenge, Verification. TPF Instant and TPF Direct accounts and perform trades. For that
reason, you should not, and you agree not to,
(a) allow access to and trading on your TPF Challenge and Verification and TPF Instant and TPF Direct
accounts by any third party nor you shall engage or cooperate with any
third party in order to have such third party perform trades for you,
whether such third party is a private person or a professional;
(b) access any third-party TPF Challenge and Verification and TPF Instant and TPF Direct accounts, trade
on behalf of any third party or perform any account management or
similar services, where you agree to trade, operate or manage the TPF
Challenge and Verification, TPF Instant and TPF Direct accounts on behalf of another user, all whether
performed as a professional or otherwise.
Please note that if you act or behave in contradiction with the aforesaid, we
will consider such action/behaviour as a Forbidden Trading Practice under
Section 5.4. with respective consequences as perceived under this GTC
5.5.If the Customer engages in any of the Forbidden Trading Practices described in clause5.4,
(i) the Provider may consider it as a failure to meet the conditions of the particular TPF
Challenge or Verification, TPF Instant and TPF Direct (ii) the Provider may remove the transactions that violate
the prohibition from the Customer’s trading history and/or not count their results in the
profits and/or losses achieved by the demo trading, (iii) to immediately cancel all Services
provided to the Customer and subsequently terminate this contract, or (iv) reduce the
offered leverage on products to 1:5 on any or all Customer’s accounts.
5.6.In case when some or all Forbidden Trading Practices are executed on one or more TPF
Challenge and Verification, TPF Instant and TPF Direct accounts of one Customer, or accounts of various Customers,
or by combining trading through TPF Challenge and Verification, TPF Instant and TPF Direct accounts and TPF
Trader accounts, then the Provider is entitled to cancel all Services and terminate all
respective contracts related to any and all Customer’s TPF Challenge and Verification, TPF Instant and TPF Direct accounts and/or apply other measures in Clause 5.5. The Provider may exercise any and
all actions in Clauses5.5 and 5.6 at its own discretion.
5.7. If any TPF Trader accounts were used for or were involved in the Forbidden Trading
Practices, this may and will constitute a breach of respective terms and conditions for
TPF Trader account with third-party provider and may result in cancellation of all such
user accounts and termination of respective agreements by the third-party provider.
5.8. If the Customer engages in any of the practices described in clause 5.4 repeatedly,
and the Provider has previously notified the Customer thereof, the Provider may prevent
the Customer from accessing all Services or their parts, including access to the Client
Section and Trading Platform, without any compensation. In such a case, the Customer is
not entitled to a refund of the fees paid.
5.9.The Provider does not bear any responsibility for trading or other investment activities
performed by the Customer outside the relationship with the Provider, for example
by using data or other information from the Client Section, Trading Platform, or otherwise
related to the Services in real trading on financial markets, not even if the Customer uses
for such trading the same Trading Platform that the Customer uses for demo trading.
5.10.DEVELOPMENTS IN FINANCIAL MARKETS ARE SUBJECT TO FREQUENT AND ABRUPT
CHANGES. TRADING ON FINANCIAL MARKETS MAY NOT BE PROFITABLE AND CAN LEAD
TO SIGNIFICANT FINANCIAL LOSSES. ANY PREVIOUS PERFORMANCES AND PROFITS OF
THE CUSTOMER’S DEMO TRADINGARE NOT A GUARANTEE OR INDICATION OF ANY
FURTHER PERFORMANCE.
6.TPF CHALLENGE (Phase 1) AND VERIFICATION (Phase 2), TPF Instant and TPF Direct 6.1. After paying the fee for the selected option of the TPF Challenge, the Customer will
receive the relevant login data for the Trading Platform at the e-mail address provided by
the Customer. The Customer activates the TPF Challenge Phase 1, TPF Instant and TPF Direct account by
opening the first demo trade in the Trading Platform. YOU ACKNOWLEDGE THAT,
BY OPENING THE FIRST DEMO TRADE, YOU EXPRESSLY DEMAND THE PROVIDER
TO PROVIDE COMPLETE SERVICES. IF YOU ARE A CONSUMER, IT MEANS THE
COMPLETION OF SERVICES BEFORE THE EXPIRY OF THE PERIOD FOR WITHDRAWAL
FROM THE CONTRACT, WHICH AFFECTS YOUR RIGHT TO WITHDRAW FROM
THE CONTRACT, AS SPECIFIED IN MORE DETAIL IN CLAUSE12. If you do not activate the
TPF Challenge Phase 1, TPF Instant and TPF Direct within 30 calendar days of the date on which it was made available to
you, your access to it will be suspended. You can request the renewal of access via the
Client Section or by sending an e-mail to support@trustedpropfunds.comwithin 6 months of the initial
suspension, otherwise we will terminate the provision of the Services without any right to
a refund of the fee.
6.2.In order for the Customer to meet the conditions of the TPF Challenge Phase 1, TPF Instant and TPF Direct programs Customer
must fulfil all of the following parameters at the same time:
6.2.1.Customer report a loss on any demo trades opened and closed on that
day, which would exceed the percentage of the initial capital for the
respective option as described below:
TPF Easy Instant – in total 6% of the
initial capital
TPF Pro Direct– in total 6% of the
initial capital
6.2.3.at no time during the TPF Challenge Phase 1, TPF Instant and TPF Direct programs did the Customer report a loss on
any opened and closed demo transactions, which would exceed in total
the percentage of the initial capital for the respective option as described
below:
TPF Challenge – in total 10% of the
initial capital
initial capital
TPF Pro Direct – in total 6% of the initial capital
6.2.4.the Customer is in a total profit on all closed demo trades amounting to
at least the percentage of the initial capital for the respective option as
described below:
initial capital
initial capital
The above parameters are explained in more detailhereon the Website.
6.3.If the Customer has met the conditions of the TPF Challenge specified in clause 6.2, and
at the same time has not violated these GTC, in particular the rules of demo trading under
clause5.4, the Provider will evaluate the TPF Challenge as successful and will make the
Phase 2 available to the Customer free of charge by sending login details to the
Customer’s e-mail address or Client Section. The Provider does not have to evaluate the
TPF Challenge if the Customer has not closed all trades.
6.4.The Customer activates the Phase 2 by opening the first demo trade in the Trading
Platform. If the Customer does not activate the Verification within 30 calendar days from
the day on which the Customer received the new login data, the Customer’s access to the
Phase 2 will be suspended. The Customer may request the renewal of access via the
Client Section or by sending an e-mail tosupport@trustedpropfunds.comwithin 6 months of the
suspension, otherwise we will terminate the provision of the Services without any right to
a refund.
6.5.In order for the Customer to meet the conditions of the Phase 2, the Customer must
fulfil all of the following parameters at the same time:
6.5.1.during the Phase 2, the Customer has opened at least one demo trade
Customer report a loss on any demo trades opened and closed on that
day, which would exceed the percentage of the initial capital for the
respective option as described below:
6.5.3.at no time during the Phase 2 did the Customer report a loss on the
sum of the opened and closed demo trades, which would exceed in total
the percentage of the initial capital for the respective option as described
below:
least the percentage of the initial capital for the respective option as
described below:
TPF Classic – in total 5% of the initial capital
The above parameters are explained in more detailhereon the Website.
6.6.For the Customer to meet conditions of the Phase 2, the Customer shall comply with
the following:
6.6.1.Customer has met the conditions of the Phase 2 specified in clause
6.5;
6.6.2.Customer has not violated these GTC, in particular, the rules of demo
trading under clause5.4; and
6.6.3.
You agree that before your commitment, you already have a trading strategy and have experience in good risk management practices, which is important to pass the challenge.
- Trades Duration: With TPF, you can trade any trading style (scalp, day trading, or swing trading).
- Weekend Trading: Any trades can be left open on weekends without restrictions.
- News Trading: You are allowed to trade during all low, medium, and high-impact news without any restrictions.
- EA: EAs are allowed except the EAs of Martin Gale, High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, Any Tick Scalping Strategies, Any Reverse Arbitrage Trading, Any Hedge Arbitrage Trading, and Any use of emulators are not allowed. Using any of the EAs mentioned above will cause immediate termination of the account.
- Copy Trading: Any Copy Trading of other people’s signals, Group Trading with other individuals, or funded account management services are not allowed. Any Copy Trading activity mentioned above will cause immediate termination of the account. However, you can copy trades from your personal account to our account, provided that you can supplement proof to us.
- Stop Loss: You must use a stop loss on every trade as soon as you can within a 1-minute window. Failing to do so will trigger our system and close your position automatically.
- Gamble to pass: To prevent gambling behaviour and ensure responsible trading practices, it is prohibited to attempt to pass challenges or evaluations with just 1 or 2 trades by employing excessively large lot sizes or leveraging; instead, traders must demonstrate consistent trading activity during the time you use to pass the challenge or evaluation.
- The Funded Trader must not trade the Funded Account in coordination with other active traders on the same account.
- The Funded Trader must not use the name of another person on one or more funded accounts.
- The Funded Trader must not duplicate trades and orders using copy/social trading service providers. However, the Funded Trader can copy their other personal accounts into a TPF Funded Account.
- The TPF Trader must not open accounts in other people’s names.
- Each TPF Funded Trader must manage their positions and apply the required measures according to the terms and conditions specified on this page.
- The Funded Trader must not max out on leverage on any single trade. In case of entering a trade when maxed out on leverage or an unusual volume size to the entry, that trade will not be counted towards the trader’s profit target. This is to ensure responsible risk management practices.
- TPF will supply Funded Traders with its own trading capital.
- The Funded Trader will not be liable for any trading losses that may incur during the Funded Trader Program.
- The Funded Trader must act responsibly while trading with TPF during the Funded Trader Program to avoid any severe losses on the funded account.
- If the Funded Trader does not comply with the terms and conditions, TPF has the right to terminate the Funded Trader’s account and disqualify them from the Funded Trader Program.
- The Funded Trader must not give access to the Funded Account to any 3rd parties. Doing so will lead to the termination of their account and this agreement.
- The Funded Trader can always apply again if they wish to comply with the terms and conditions during their enrollment in the Funded Trader Program.
- The Funded Trader must report to TPF via email to support@trustedpropfunds.com if their account credentials have been lost or stolen.
- If you have abnormal trades where you were maxed out on leverage and unusual big trades compared to the normal trades you usually take, you will not be eligible for payouts or to pass the challenge phases.
- Any profits made without using a stop loss will be deducted from the final net profit. In this case, TPF will extend the profit target by the same amount made by the violations.
- Any Profit Share paid out to the funded trader is deducted from the account balance. However, this will not affect the profit target.
- Any time the funded trader gets a payout, TPF will also withdraw its Profit Share.
- TPF will pay the Profit Share in the form of a refund to the original payment card used to make the payment unless TPF agrees to a different method.
- Once the Net Profit exceeds the original payment amount, the Profit Share payments will be paid to the client using one of the following options: Transferwise, PayPal, Bank Transfer, or Crypto.
- If you have abnormal trades where you were maxed out on leverage and unusual big trades compared to the normal trades you usually take, you will not be eligible for payouts for those trades.
- The account must be in net profit.
- The Profit share is the net of all trading costs, spreads, commissions, and overnight swaps.
- If you breach any of the terms and conditions, you will not be eligible for any profit share payment.
The Termination of the funded trader program
The termination of the Funded Trader Program can occur due to the trader’s inability to adhere to the terms and conditions of this agreement.
The termination of the Funded Trader Program Agreement may occur for any of the following reasons:
- Reaching the Max Absolute Drawdown $ (Fixed Loss from Initial Capital) or Max Daily Drawdown (Fixed loss from the start of day balance) during all Phases of the Challenge Funded Trader Program.
- The expiry of the evaluation account is after 45 days from the registration date for Phases 1 and 2.
- 2 months or more of no trading activity on TPF Funded Phase 3 without official written notice to TPF via email.
- The misuse or abuse of the Funded Trader Program.
- The use of the Funded Trader Program for any other purpose than the authenticity of the individual trading.
- Performing prohibited trading activity, such as High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, any Tick Scalping Strategies, any Copy Trading of other person’s signals, any Reverse Arbitrage Trading, any Hedge Arbitrage Trading, any use of emulators, and Martin Gale Style EAs.
- Group Trading (manually or using the same EA by one individual on more than 2 accounts or by multiple individuals on multiple accounts).
- Social Trading, Copy Trading from other traders, and any mirrored trading activity.
You agree that at all times, TPF has the right to terminate your funding as it sees fit to its risk tolerance and willingness to risk its own capital during all phases of the Funded Trader Program at its own discretion.
Within the meaning of applicable TPF Trader Program agreement, if Customer is already participating in the TPF Trader Program.
If the above conditions are met, the Provider will evaluate the Phase 2 as successful
and will recommend the Customer as a candidate for TPF Trader program. The Provider
does not have to evaluate the TPF if the Customer has not closed all transactions.
6.7.If during the TPF Challenge Phase 1the Customer does not comply with some of the conditions
specified in clause 6.2.2. or 6.2.3., the TPF Challenge Phase1 will be evaluated as unsuccessful,
and the Customer will not be allowed access to the subsequent Phase 2. If during the
Phase 2 the Customer does not comply with any of the conditions specified in clause
6.5.2. or 6.5.3., the Verification will be evaluated as unsuccessful, and the Customer will
not be recommended as a candidate for the TPF Trader program. In such cases, the
Customer’s account and Services will be cancelled without refund of fees already paid.
guarantees Customer’s acceptance into the TPF Trader Program. The Provider is not
responsible for Customer being rejected by the TPF Trader Program for any or no reason.
7.TPF TRADER
If the Customer is successful in both the Phase 1 and Verification (Phase 2), the Customer may be
offered a contract by company, in its sole discretion to participate in the
TPF Trader Program. The terms, conditions, and agreement between the Customer and
a company are strictly between the Customer and the company.
8.USE OF THE WEBSITE, SERVICES AND OTHER CONTENT
8.1.The Website and all Services, including the Client Section, their appearance
and all applications, data, information, multimedia elements such as texts, drawings,
graphics, design, icons, images, audio and video samples, and any other content that may
form the Website and the Services (collectively as the “Content”), are subject to legal
protection pursuant to copyright laws and other legal regulations and are the property of
the Provider or the Provider’s licensors. The Provider grants you limited, non-exclusive,
non-transferable, non-assignable, non-passable, and revocable permission to use the
Content for the purpose of using the Services for your personal use and in accordance
with the purpose for which the Services are provided. The Content is not sold or otherwise
transferred to you and remains the property of the Provider or the Provider’s licensors.
8.2.All trademarks, logos, trade names, and other designations are the property of the
Provider or Provider’s licensors, and the Provider does not grant you any authorization to
use them.
8.3.Both the Customer and the Provider undertake to act in accordance with the principles
of fair dealing in the performance of the contract and in mutual negotiations and, in
particular, not to damage the good reputation and legitimate interests of the other party.
The Customer and the Provider will resolve any possible disagreements or disputes
between them in accordance with these GTC and the applicable law.
8.4.Except for the rights expressly set out in these GTC, the Provider does not grant you any
other rights relating to the Services and other Content. You may only use the Services
and other Content as set out in these GTC.
8.5.When accessing the Services and other Content, the following is prohibited:
8.5.1.to use any tools that may adversely affect the operation of the
Website and Services or that would be intended to take advantage of
errors, bugs or other deficiencies of the Website and Services;
8.5.2.to circumvent geographical restrictions of availability or any other
technical restrictions;
8.5.3.to make copies or back-ups of the Website and other Content;
8.5.4.to reverse-engineer, decompile, disassemble or otherwise modify
the Website and other Content;
8.5.5.to sell, rent, lend, license, distribute, reproduce, spread, stream,
broadcast or use the Services or other Content otherwise than
as permitted;
8.5.6.to use automated means to view, display or collect information
available through the Website or Services; and
8.5.7.to use any other tools or means the use of which could cause
any damage to the Provider.
8.6.The provisions of clause8are not intended to deprive the Customer of the Customer’s
consumer rights which cannot be excluded by law.
9.1.YOU ACKNOWLEDGE THAT THE SERVICES AND OTHER CONTENT ARE PROVIDED “AS IS”
WITH ALL THEIR ERRORS, DEFECTS AND SHORTCOMINGS, AND THAT THEIR USE IS AT
YOUR SOLE RESPONSIBILITY AND RISK. TO THE MAXIMUM EXTENT PERMITTED BY THE
MANDATORY LAWS, THE PROVIDER DISCLAIMS ANY STATUTORY, CONTRACTUAL,
EXPRESS, AND IMPLIED WARRANTIES OF ANY KIND, INCLUDING ANY WARRANTY OF
QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-
INFRINGEMENT OF ANY RIGHTS.
9.2.TO THE EXTENT PERMITTED BY THE MANDATORY PROVISIONS OF THE APPLICABLE
LAWS, THE PROVIDER IS NOT RESPONSIBLE FOR ANY HARM, INCLUDING ANY INDIRECT,
INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING LOST
PROFIT, LOSS OF DATA, PERSONAL OR OTHER NON-MONETARY HARM OR PROPERTY
DAMAGE CAUSED AS A RESULT OF USE OF THE SERVICES OR RELIANCE ON ANY TOOL,
FUNCTIONALITY, INFORMATION OR ANY OTHER CONTENT AVAILABLE IN CONNECTION
WITH THE USE OF THE SERVICES OR ELSEWHERE ON THE WEBSITE. THE PROVIDER IS
NOT RESPONSIBLE FOR ANY PRODUCTS, SERVICES, APPLICATIONS OR OTHER THIRD-
PARTY CONTENT THAT THE CUSTOMER USES IN CONNECTION WITH THE SERVICES. IN
CASE THE PROVIDER’S LIABILITY IS INFERRED IN CONNECTION WITH THE OPERATION
OF THE WEBSITE OR PROVISION OF THE SERVICES BY A COURT OF JUSTICE OR ANY
OTHER COMPETENT AUTHORITY, THIS LIABILITY SHALL BE LIMITED TO THE AMOUNT
CORRESPONDING TO THE FEE PAID BY THE CUSTOMER FOR THE SERVICES IN
CONNECTION WITH WHICH THE CUSTOMER HAS INCURRED THE LOSS.
9.3.The Provider reserves the right to modify, change, replace, add, or remove any elements
and functions of the Services at any time without any compensation.
9.4.The Provider is not responsible for its failure to provide the purchased Services if that
failure occurs due to serious technical or operational reasons beyond the Provider’s
control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection,
pandemic, a threat to a large number of people or other force majeure events, and/or
if the Provider is prevented from providing the Services as a result of any obligations
imposed by law or a decision of a public authority.
9.5.The provisions of Clause9are not intended to deprive the Customer of the Customer’s
consumer or other rights that cannot be excluded by law.
10.VIOLATION OF THE GTC
10.1.IF THE CUSTOMER VIOLATES ANY PROVISION OF THESE GTC IN A MANNER THAT MAY
CAUSE ANY HARM TO THE PROVIDER, IN PARTICULAR, IF THE CUSTOMER ACCESSES THE
SERVICES IN CONFLICT WITH CLAUSE1.3OR1.4, IF THE CUSTOMER PROVIDES
INCOMPLETE, UNTRUE OR NON-UPDATED INFORMATION IN CONFLICT WITH CLAUSE2.3,
IF THE CUSTOMER ACTS IN A MANNER THAT MAY DAMAGE THE PROVIDER’S GOOD
REPUTATION, IF THE CUSTOMER VIOLATES THE DEMO TRADING RULES PURSUANT TO
CLAUSE5.4, IF THE CUSTOMER ACTS IN CONFLICT WITH CLAUSE8.3, AND/OR
IF THE CUSTOMER PERFORMS ANY OF THE ACTIVITIES REFERRED TO IN CLAUSE8.5,
THE PROVIDER MAY PREVENT THE CUSTOMER FROM ORDERING ANY OTHER SERVICES
AND COMPLETELY OR PARTIALLY RESTRICT THE CUSTOMER’S ACCESS TO ALL OR ONLY
SOME SERVICES, INCLUDING ACCESS TO THE CLIENT SECTION AND TRADING
PLATFORM, WITHOUT ANY PRIOR NOTICE AND WITHOUT ANY COMPENSATION.
11.COMMUNICATION
11.1.You acknowledge that all communication from the Provider or its partners in connection
with the provision of Services will take place through the Client Section or your e-mail
address, which you register with us. Written electronic communication by e-mail
or through the Client Section is also considered to be written communication.
11.2.
Address: Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates