Evaluation Terms and Conditions

  1. Subscription to use the Services

 

1.1. In order to access the Services, you must first purchase a subscription through

the Website (the ‘Subscription’) and pay the applicable fee for the selected

Subscription (the ‘Subscription Fee’).

 

1.2. In purchasing the Subscription, you acknowledge and agree that it is your

responsibility to ensure that the Subscription you elect to purchase is suitable

for your use.

 

1.3. Once you have purchased the Subscription, you acknowledge that subscription fees recur monthly until you earn a funded account. Recurring fees are charged at regular price even If the initial sign-up fee was discounted. Evaluation Program cancellation may be requested via email support@theproptrading.com.au 2 days prior due date.

 

1.4. As part of the registration process, or as part of your continued use of the

Services, you may be required to provide personal information about yourself

(such as identification or contact details), including:

 

(a) Email address

(b) Full Name

(c) Telephone number ( Mobile )

 

1.5. You warrant that any information you give to The Prop Trading PTY LTD in the

course of completing the registration process will always be accurate, correct

and up to date.

 

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 of your country of residency.

 

1.6. Once you have completed the registration process, you will be a registered

member (‘Member’) and agree to be bound by the Terms. As a

Member you will be granted access to the Services via onboarding email with the login details for your trading platform. Service will be available from the time

you have completed the registration process until the subscription period

expires (the ‘Subscription Period’).

 

1.7. You may not use the Services if you do not agree or understand and may not accept the Terms if:

(a) you are not of legal age to form a binding contract with The Prop Trading

PTY LTD; or

(b) you are a person barred from receiving the Services under the laws of

Australia or if the Services may be restricted or prohibited in accordance with applicable laws of the country in which you are resident or from which you use the Services.

 

  1. Your obligations as a Member

 

  • As a Member, you agree to comply with the following:

 

(a) you will use the Services only for purposes that are permitted by:

(i) the Terms; and

(ii) any applicable law, regulation or generally accepted practices or

guidelines in the relevant jurisdictions;

(b) you have the sole responsibility for protecting the confidentiality of your

password and/or email address. Use of your password by any other

person may result in the immediate cancellation of the Services;

(c) any use of your registration information by any other person, or third

parties, is strictly prohibited. You agree to immediately notify The Prop

Trading PTY LTD of any unauthorised use of your password or email

address or any breach of security of which you have become aware;

(d) access and use of the Website is limited, non-transferable and allows for

the sole use of the Website by you for the purposes of The Prop Trading

PTY LTD providing the Services;

(e) you will not use the Services or the Website in connection with any

commercial endeavours except those that are specifically endorsed or

approved by the management of The Prop Trading PTY LTD;

(f) you will not use the Services or Website for any illegal and/or unauthorised

use which includes collecting email addresses of Members by electronic or

other means for the purpose of sending unsolicited email or unauthorised

framing of or linking to the Website;

(g) you agree that commercial advertisements, affiliate links, and other forms

of solicitation may be removed from the Website without notice and may

result in termination of the Services. Appropriate legal action will be taken

by The Prop Trading PTY LTD for any illegal or unauthorised use of the

Website; and

(h) you acknowledge and agree that any automated use of the Website or its

Services is prohibited.

 

  1. Payment

3.1. Where the option is given to you, you may make payment of the Subscription

Fee by way of:

(a) Credit Card Payment (‘Credit Card’)

(b) PayPal (‘PayPal’)

(c) Stripe

(d) Neteller

(e) Skrill

 

3.2. All payments made in the course of your use of the Services are made using

Bank Deposit. In using the Website, the Services or when making any payment

in relation to your use of the Services, you warrant that you have read,

understood and agree to be bound by the Bank Deposit terms and conditions

which are available on their website.

 

3.3. You acknowledge and agree that where a request for the payment of the

Subscription Fee is returned or denied, for whatever reason, by your financial

institution or is unpaid by you for any other reason, then you are liable for any

costs, including banking fees and charges, associated with the Subscription

Fee .

 

3.4. You agree and acknowledge that The Prop Trading PTY LTD can vary the

Subscription Fee at any time and that the varied Subscription Fee will come

into effect following the conclusion of the existing Subscription Period.

 

  1. Refund Policy

4.1   Try Before You Buy

The Prop Trading PTY LTD Evaluation Programs are available for purchase on The Prop Trading website. Our Evaluation Programs are run on Metatrader 5. We provide a 14-day free trial account to let customers evaluate and familiarize themselves with the third-party provided trading platform prior to making a purchase decision. We strongly recommend that all customers download, install, and test the trial trading account prior to making a purchase.

 

4.2    Refunds Policy Post Purchase

After a cleared payment on the purchase of one of our evaluation plans occurs, you will receive an email with the login details for your trading platform. Once this information is emailed to you, no refund will be given. Please take advantage of the 14-day trial account before you complete your purchase.

 

4.3   Refund Under Extenuating Circumstances

In rare instances;

Only before the first login, at our discretion, a refund might be considered minus our order processing and banking fees (up to 25% of the purchase price).

In the event we are unable to continue to provide the Services. Where this occurs, the refund will be in the proportional amount of the Subscription Fee that remains unused by the Member (the ‘Refund’).

In such instances, we require that you provide enough information for us to positively identify your purchase transaction (e.g., order number, your name, date of transaction, program acquired, etc.).

 

4.4   Acceptance of this Policy

It is your responsibility to understand and agree to this refund policy. By placing an order for any of our products or services, 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 support@theproptrading.com.au should you have any questions regarding our refund policy.

 

 

Terms and Conditions

 

 

Account Size

Account sizes are determined by the “Buying Power” available for trading.

 

Requirements for Evaluation

No previous experience or qualification is required. Have a risk management plan, to ensure you are able to perform your best under the program parameters.

 

Earning a Funded Account

Reach the Evaluation Program profit target without hitting/exceeding the loss limits and you will be offered a funded account.

 

 What is the Evaluation Program

The program consists of a simple one-step process in which traders need to trade in our real-time simulated account, taking into consideration pre-established profit targets and loss limits parameters.

 

What is the Program duration?

There is no time limit to reach the target.                                                                                       Program fee is renewed monthly and account balance can be reset to their initial balance or rolled over to next month until traders reach their targets and are offered a funded account.

Trading Hours                                                                                                                                            FX market opens on Monday morning at 8 am (AEDT), local time in Sydney, Australia and closes on Saturday morning at 6 am (AEDT), local time in Sydney. Check your local time zone.

 

Profit Target

Profit target is the objective of the evaluation program to earn a funded account.

 

Minimum Trading Activity                                                              

If the result of a single trade or one trading day comprises more that 50% of the profit target, only 50% will be considered towards the Evaluation Program.

 

Weekly Loss Limit

If your account equity hits or exceeds the weekly loss Limit on open or closed positions at any point during the trading week until Saturday 8am (AEST), the open trading positions will be closed and your account will be ineligible for funding until reset.                                                     The weekly loss limit considers the equity carried over after the close of the previous trading week.

 

Total Loss Limit

The Total loss limit is fixed and calculated from the initial account balance.                                      If your account equity hits or exceeds the total loss limit on open or closed positions at any point during the Evaluation Program the open trading positions will be closed and your account will disqualify for funding until account reset.

 

Account Reset

Traders may continue the Evaluation Program after hitting or exceeding loss limits.              Account reset is available upon request. Fees apply

 

Evaluation Plan cancellation

Evaluation Program renewal may be cancelled before earning a funded account. No fees apply. The Evaluation Program renewal cancellation request must be received via email support@theproptrading.com.au 2 days before the monthly renewal date for processing. No refunds will be granted for cancelation requests made after payment is processed.

 

Trading Platform

Metatrader 5

 

Company Image                                                                                                                       

 The Prop Trading does not give permission to clients to use the Company’s name as well as Company’s product(s), product likeness(es), copyright(s), trademark(s), artwork, videos, testimonials, promotional campaigns, images, likenesses, logos and/or signage and that clients do need the consent or permission of a company Director  in order to use the Company name, images, likenesses, logos and/or signage and/or Product Likeness as described above.