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PROPIFICATION GENERAL TERMS AND CONDITIONS
 

These PROPIFICATION General Terms and Conditions (the “AGREEMENT”) govern rights and obligations in connection with the use of services provided by PROPIFICATION. (the “Services”), offered mainly through the www.PROPIFICATION.com website (the “Website”). Please read this AGREEMENT 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.

  • INTRODUCTORY PROVISIONS
  1. The AGREEMENT governs your (“you”, “your”, or the “Customer”) rights and obligations in connection with the use of the Services provided by PROPIFICATION with its registered office at A J D Business Center L.L.C, BENA Complex – C, Dubai, United Arab Emirates (“we”, “our”, or the “Provider”).
  2. By registering on the website or, if registration is not required, by you When you use the Services for the first time, you enter into a contract with the Service Provider whose purpose is the provision of the Services selected by you. The AGREEMENT is an integral part of such agreement, and by entering into an agreement with the Service Provider, you express your consent to these agreements.
  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.
  4. 1.4. The Provider shall not provide Services to any Customer who: (I) has nationality or resides in Restricted Jurisdictions; (II) is established, incorporated, or has a registered office in Restricted Jurisdictions; (III) is subject to relevant international sanctions; or (IV) has a criminal record related to financial crime or terrorism. Restricted Jurisdictions are countries that have been designated as such by the Provider and are listed on the Website. As per Clause 1.4, the Provider reserves the right to refuse, restrict, or terminate the supply of any Services to Customer, and such Customer is forbidden from using the Services, including the Client Section and/or Trading Platform.
  5. The Services include the provision of tools for simulated foreign exchange trading on the FOREX market or simulated trading with other instruments on other financial markets, the provision of analytical tools, training and educational materials, access to the Client Section, and other ancillary services, particularly through the Client Section or by providing access to applications provided by the Provider or third parties. Financial market data is used in the simulated trading; nonetheless, you recognize that any trade conducted through the Services is not actual. 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 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.

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 INVESTMENT ADVICE OR RECOMMENDATIONS, THE PROVIDER EXPLICITLY DISCLAIMS THAT THE SAME IS INVESTMENT ADVICE OR RECOMMENDATIONS AND SHALL NOT BE RESPONSIBLE FOR THEM.

  1. Your personal data is processed in accordance with the Privacy Policy.
  2. The meaning of the definitions, expressions, and abbreviations used in these  AGREEMENT can be found in clause 18.
  • SERVICES AND THEIR ORDER
  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. The client is responsible to review terms and condition for each product or service, as scope of each product and service may vary.
  3. All data provided by the client through the registration or order form, in 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.
  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  AGREEMENT and when using the Services, and the provisions of these  AGREEMENT or the applicable law that grant rights to consumers will not apply to you.
  5. The fee for the PROPIFICATION Challenges 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 PROPIFICATION Challenge and the subsequent PASSING are met, and possibly other configurations. More detailed information on individual options and fees for those options are provided on our Website. The final fee will be determined based on the option you select when completing the form for ordering the PROPIFICATION 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.
  6. The fee is paid for allowing you to access the PROPIFICATION Challenge, or the Services provided under the PROPIFICATION 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 prematurely (for example, fails to complete the PROPIFICATION Challenge, fails to meet the conditions of the PROPIFICATION Challenge, or violates this AGREEMENT.
  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 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.
  8. Your choice of the option of the PROPIFICATION Challenge that you select when making an order shall also apply to the subsequent PASSING. You will start the subsequent PASSING and, possibly, other products related thereto, with the parameters and the same currency that correspond to the option of the PROPIFICATION Challenge selected by you. Once you select, it is not possible to change it.If you are ordering a new PROPIFICATION Challenge, the restrictions specified in this clause 2.8 shall not apply.The Provider reserves the right to unilaterally change the fees and parameters 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.
  9. Up until the Services’ binding order, any data entered on the order form may be checked, modified, or amended. By submitting the order form, you can choose which Services to order. Your e-mail address will be notified as soon as the Provider receives your order. 
  10. You acknowledge that 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 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 i
  11.  nternet connection.
  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.
  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, the company 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  AGREEMENT. The Provider reserves the right to determine, at its own discretion, the nature of the behaviour described above and reasonable boundaries for such determination.
  • PAYMENT TERMS
  1. The amounts of fees for the PROPIFICATION Challenge options are in US Dollars. The fee can also be paid in other currencies that are listed on the Website. If you select any other currency than the US Dollar, the amount of the fee for the selected option of the PROPIFICATION Challenge shall be converted by our rates and it will automatically display your payment total in your chosen currency, so you know how much you are paying before you confirm the order. The Customer acknowledges that if the payment is made in a currency other than the one the Customer has chosen on the Website, the amount will be converted according to the current exchange rates valid at the time of payment.
  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. You can pay the fee for the selected option of the PROPIFICATION Challenge by a payment card, via a bank transfer, or using other means of payment that the Provider currently offers on the Website.
  4. In the event of payment by a payment card or via any other express payment method, the payment shall be made immediately. If you select a bank transfer for payment, we will subsequently send you an invoice in electronic form with the amount of the fee for the option of the PROPIFICATION Challenge you have chosen on the Website. You undertake to pay the amount within the period specified in the invoice. The fee is considered paid when its full amount is credited to the Provider’s account. If you do not pay the amount on time, the Provider is entitled to cancel your order. Customer bears all 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 PROPIFICATION Challenge is paid in full.pay the amount on time, the Provider is entitled to cancel your order. Customer bears all 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 PROPIFICATION Challenge is paid in full.
  • CLIENT SECTION AND TRADING PLATFORM
  1. Only one Client Section is permitted per Customer and all of the Customer’s Services must

be maintained in the Client Section.

  1. The total number of PROPIFICATION Challenges 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 based on 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.
  2. 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.
  3. 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. The Customer may at any time request the cancellation of the Client Section by sending an e-mail to [email protected]. 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.
  • RULES OF DEMO TRADING
  1. During the demo trading on the Trading Platform, you may perform any transactions, unless these constitute forbidden trading strategies or practices within the meaning of clause 5.4. You also agree to follow good market standard rules and practices for trading 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.
  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.
  3. The Provider bears no responsibility for the information displayed on the Trading Platform, nor for any interruption of, or delay or inaccuracy in the market information displayed through your Client Section.
  4. FORBIDDEN TRADING PRACTICES.
    1. DURING THE DEMO TRADING, IT IS PROHIBITED TO:
      1. KNOWINGLY OR UNKNOWINGLY USE TRADING STRATEGIES THAT EXPLOIT ERRORS IN THE SERVICES SUCH AS ERRORS IN DISPLAY OF PRICES OR DELAY IN THEIR UPDATE.
      2. PERFORM TRADES USING AN EXTERNAL OR SLOW DATA FEED.
      3. PERFORM, ALONE OR IN CONCERT WITH ANY OTHER PERSONS, INCLUDING BETWEEN CONNECTED ACCOUNTS, OR ACCOUNTS HELD WITH DIFFERENT PROPIFICATION ENTITIES, TRADES OR COMBINATIONS OF TRADES THE PURPOSE OF WHICH IS TO MANIPULATE TRADING, FOR EXAMPLE BY SIMULTANEOUSLY ENTERING INTO OPPOSITE POSITIONS.
      4. PERFORM TRADES IN CONTRADICTION WITH THE TERMS AND CONDITIONS OF THE PROVIDER AND THE TRADING PLATFORM.
      5. 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.
      6. 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).
    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 PROPIFICATION Challenge accounts and perform trades. For that reason, you should not, and you agree not to,
      1. allow access to and trading on your PROPIFICATION Challenge 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;
      2. access any third-party PROPIFICATION Challenge 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 PROPIFICATION Challenge 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 AGREEMENT.

  1. Furthermore, Customer shall not exploit the Services by performing trades without applying market standard risk management rules for trading on financial markets, this includes, among others, the following practices (i) opening substantially larger position sizes compared to Customer’s other trades, whether on this or any other Customer’s account, or (ii) opening substantially smaller or larger number of positions compared to Customer’s other trades, whether on this or any other Customer’s account.

The Provider reserves the right to determine, at its own discretion, whether certain trades, practices, strategies, or situations are Forbidden Trading Practices.

  1. If the Customer engages in any of the Forbidden Trading Practices described in clause 5.4,

(i) the Provider may consider it as a failure to meet the conditions of the particular PROPIFICATION Challenge, (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 Agreement, or (iv) reduce the offered leverage on products to 1:5 on any or all Customer’s accounts.

  1. In case when some or all Forbidden Trading Practices are executed on one or more PROPIFICATION Challenge accounts of one Customer, or accounts of various Customers, or by combining trading through PROPIFICATION Challenge accounts and PROPIFICATION Trader accounts, then the Provider is entitled to cancel all Services and terminate all respective contracts related to any and all Customer’s PROPIFICATION Challenge accounts and/or apply other measures in Clause 5.5. The Provider may exercise any and all actions in Clauses 5.5 and 5.6 at its own discretion.
  2. If any PROPIFICATION 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 PROPIFICATION 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.
  3. 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.
  4. 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. 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 TRADING ARE NOT A GUARANTEE OR INDICATION OF ANY FURTHER PERFORMANCE.
  • PROPIFICATION TRADER

If the Customer is successful in both the Challenge and PASSING, the Customer may be offered a contract by a third-party company, in its sole discretion to participate in the PROPIFICATION Trader Program. The terms, conditions, and agreement between the Customer and a third-party company are strictly between the Customer and the third-party company. PROPIFICATION is in no way involved with the PROPIFICATION Trader Program agreement—or lack thereof—executed between the third-party company and the Customer. The Customer acknowledges their personal data may be shared with a third- party company for purposes of considering offering such a contract.

  • USE OF THE WEBSITE, SERVICES AND OTHER CONTENT
  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.
  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.
  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 AGREEMENT and the applicable law.
  4. Except for the rights expressly set out in these AGREEMENT, 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 AGREEMENT.
  5. When accessing the Services and other Content, the following is prohibited:
    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.
    2. to circumvent geographical restrictions of availability or any other technical restrictions.
    3. to make copies or back-ups of the Website and other Content.
    4. to reverse-engineer, decompile, disassemble, or otherwise modify the Website and other Content.
    5. to sell, rent, lend, license, distribute, reproduce, spread, stream, broadcast or use the Services or other Content otherwise than as permitted.
    6. to use automated means to view, display or collect information available through the Website or Services; and;
    7. to use any other tools or means the use of which could cause any damage to the Provider.
  6. The provisions of clause 8 are not intended to deprive the Customer of the Customer’s

consumer rights which cannot be excluded by law.

  • DISCLAIMER
  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.
  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.
  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.
  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.
  5. The provisions of Clause 9 are not intended to deprive the Customer of the Customer’s

consumer or other rights that cannot be excluded by law.

  • VIOLATION OF THE AGREEMENT
  1. IF THE CUSTOMER VIOLATES ANY PROVISION OF THESE AGREEMENT IN A MANNER THAT MAY CAUSE ANY HARM TO THE PROVIDER, IN PARTICULAR, IF THE CUSTOMER ACCESSES THE SERVICES IN CONFLICT WITH CLAUSE 1.3 OR 1.4, IF THE CUSTOMER PROVIDES INCOMPLETE, UNTRUE OR NON-UPDATED INFORMATION IN CONFLICT WITH CLAUSE 2.3, 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 CLAUSE 5.4, IF THE CUSTOMER ACTS IN CONFLICT WITH CLAUSE 8.3, AND/OR IF THE CUSTOMER PERFORMS ANY OF THE ACTIVITIES REFERRED TO IN CLAUSE 8.5, 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.
  • COMMUNICATION
  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.
  2. Our contact e-mail address is [email protected] and our contact address is A J D Business Center L.L.C, BENA Complex – C, Dubai, United Arab Emirates.
  • RIGHT TO WITHDRAW FROM A CONTRACT
  1. If you are a consumer, you have the right to withdraw from a contract without giving a reason within 14 days of its execution (see clause 2.10 for details on the time of execution of the agreement). PLEASE NOTE THAT IF YOU START PERFORMING DEMO TRADES BEFORE THE EXPIRY OF THE SPECIFIED TIME LIMIT, YOU LOSE YOUR RIGHT TO WITHDRAW FROM THE CONTRACT.
  2. Your withdrawal from the contract must be sent to our e-mail address [email protected] within the specified time limit. We will confirm the receipt of the email to you in text form without undue delay. If you withdraw from the contract, we will refund you without undue delay (no later than 14 days after your withdrawal request the contract) all fees we have received from you, in the same way in which you paid them.
  3. The Provider is entitled to immediately withdraw from the Contract in the case of any breach by the Customer specified in Clause 10.
  • DEFECTIVE PERFORMANCES
  1. If the Services do not correspond to what was agreed or have not been provided to you, you can exercise your rights from defective performance. The Provider does not provide any guarantee for the quality of the services. You must notify us of the defect without undue delay at our e-mail address or at our address listed in clause 11.2. When exercising the rights from defective performance, you may request that we remedy the defect or provide you with a reasonable discount. If the defect cannot be remedied, you can withdraw from the contract or claim a reasonable discount.
  2. We will try to resolve any complaint you may lodge as soon as possible (no later than within 30 calendar days), and we will confirm its receipt and settlement to you in writing. If we do not settle the complaint in time, you have the right to withdraw from the contract. You can file a complaint by sending an e-mail to our e-mail address [email protected].
  • CHANGES TO THE AGREEMENT
  1. The Provider reserves the right to change these AGREEMENT at any time with immediate effect for new customers and new orders of the Services placed by existing Customers. The Provider will notify existing Customers of the change to the AGREEMENT via the Client Section or by e-mail. The PROPIFICATION Challenges are provided throughout the period of their duration pursuant to the version of the AGREEMENT which was valid and effective at the time at which the relevant PROPIFICATION Challenge was ordered.
  • OUT-OF-COURT CONSUMER DISPUTE SETTLEMENT
  1. It is our objective that our customers are satisfied with the PROPIFICATION services; therefore, if you have any complaints or suggestions, we will be happy to resolve them directly with you and you can contact us at our e-mail address or at our address listed in clause 11.2.
  • CHOICE OF LAW AND JURISDICTION
    1. Any legal relations established by these AGREEMENT or related to them, as well as any related non-contractual legal relations, shall be governed by the laws of the United Arab Emirates.  Any dispute that may arise in connection with this AGREEMENT and/or related agreement will fall within the jurisdiction of the United Arab Emirates court having local jurisdiction according to the registered office of the Provider.
  • FINAL PROVISIONS
  1. The Provider has not adopted any consumers’ codes of conduct.
  2. These AGREEMENT constitute the complete terms and conditions agreed between you and the Provider and supersede all prior agreements relating to the subject matter of the AGREEMENT, whether verbal or written.
  3. Nothing in these AGREEMENT is intended to limit any legal claims set out elsewhere in these AGREEMENT or arising from the applicable law. If the Provider or any third party authorized thereto does not enforce the compliance with these AGREEMENT, this can in no way be construed as a waiver of any right or claim.
  4. The Provider may assign any claim arising to the Provider from these AGREEMENT or any agreement to a third party without your consent. You agree that the Provider may, as the assignor, transfer its rights and obligations under these AGREEMENT or any agreement or parts thereof to a third party. The Customer is not authorized to transfer or assign the Customer’s rights and obligations under these AGREEMENT or any agreements or parts thereof, or any receivables arising from them, in whole or in part, to any third party.
  5. If any provision of the AGREEMENT is found to be invalid or ineffective, it shall be replaced by a provision whose meaning is as close as possible to the invalid provision. The invalidity or ineffectiveness of one provision shall not affect the validity of the other provisions. No past or future practice established between the parties and no custom maintained in general or in the industry relating to the subject-matter of the performance, which is not expressly referred to in the  AGREEMENT, shall be applied and no rights and obligations shall be derived from them for the parties; in addition, they shall not be taken into account in the interpretation of manifestations of the will of the parties.
  6. The schedules to the AGREEMENT form integral parts of the AGREEMENT. In the event of a conflict between the wording of the main text of the AGREEMENT and any schedule thereof, the main text of the AGREEMENT shall prevail.
  7. Prior to the mutual acceptance of the AGREEMENT, the parties have carefully assessed possible risks arising from them and accept those risks.
  • DEFINITIONS, EXPRESSIONS AND ABBREVIATIONS USED
  1. For the purposes of the AGREEMENT, the following definitions shall have the following meanings:
    1. Client Section” means the user interface located on the Website;
    2. Content” means 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 other content that may form the Website and the Services (as set out in clause 8.1);
    3. Customer” means the user of the Services (as set out in clause 1.1);
    4. Events” means events as set out in clause 5.4.1(f)(I);
    5. PROPIFICATION Challenge” means trading accounts related to trading education courses provided as part of the Services by the Provider;
    6. PROPIFICATION Trader account” means a trading account, which relates to the PROPIFICATION Trader program provided by a third-party provider;
    7. Forbidden Trading Practices” means trading practices strictly

forbidden while using our Services and are more detailed in Section

5.4 of these  AGREEMENT;

  1. AGREEMENT” means these General Terms and Conditions of PROPIFICATION;
  2. Provider” means the provider of certain Services (as set out in clause 1.1);
  3. Schedules” means Schedule 1 and any other Schedules as applicable, which are part of these  AGREEMENT;
  4. Services” means the Provider’s services as set out in clauses 1.1 and 1.5;
  5. Trading   Platform” means   an electronic interface   provided by a third party in which the Customer performs the demo trading; and
  6. Website” means the website www.PROPIFICATION.com.
    1. For the purposes of the AGREEMENT and their schedules, the following expressions and abbreviations shall have the following meanings:
  • calendar day” means the period from midnight to midnight of the time currently valid in the United Arab Emirates, Gulf Standard Time (GST)
    1. initial capital” means a fictitious amount that the Customer has chosen when selecting the option of the PROPIFICATION Challenge and which the Customer will use to perform demo trading;
  1. EUR” means the euro.
  2. USD” means the United States dollar.
  3. GBP” means the British pound.
  4. CAD” means the Canadian dollar.
  5. AUD” means the Australian dollar.
  6. NZD” means the New Zealand dollar; and
  7. CHF” means the Swiss franc.

The AGREEMENT shall enter into force and effect on 01 June 2023.

 

Evaluation Challenge

Our Evaluation challenge is designed for consistent and reliable traders with great risk management skills. This challenge often has lower fees as the process is time consuming and risks are lower. This challenge consists of three phases:

  1. Phase One is the evaluation stage in the demo account.
  2. and Phase two is extension of first stage to allow us to verify your trading skills.
  3. The final stage all your trades are copied into our broker real account where any profit is shared with the trader.

 

Terms & Conditions

 

This document outlines the terms and conditions for the Evaluation Challenge Proprietary Trading Account. By utilizing Propification technologies, the client acknowledges and accepts all terms and conditions presented for the prop account, as well as the terms and conditions provided by Propification’s partner brokers on the website. Our partner brokers provide liquidity and do not interfere in reviewing traders’ trades and strategies. By using Propification services, the client confirms that they have read and agreed to all terms and conditions related to Prop services and Broker policies. Propification and its partner brokers reserve the right, at their discretion, to impose fines, block accounts, or withhold services from clients without providing any information.

 

Evaluation (Phase I)

 

The evaluation phase is designed to test trading skills and provide insights into the trader’s style in a demo account. During this phase, the trader must achieve a profit target of 8% without any rule breaches. The minimum trading days required for this phase is 5 days.

 

 

Verification (Phase II)

 

The verification phase aims to confirm the results of the evaluation phase in the same demo account. A review is required before moving on to Phase II. During this phase, the trader must achieve a profit target of 5% without any rule breaches. The minimum trading days required for this phase is 5 days. The maximum allowed risk per position for each instrument is 2% in this phase. (A violation of this rule is categorized as a minor violation.)

 

 

Real Account (Phase III)

 

In the real account phase, the profit target is set at 1%, and withdrawal is available every 15 days and a minimum 5 trading days is required in phase III real account. (The withdrawal cycle for regular traders is every 15 days)

  • Once the trader reaches a 10% profit, there is an option to block the 10% profit and aim for a 50% account growth and Daily withdrawal (Senior Trader).
  • If the trader loses 70% of blocked amount this condition will no longer be available and will return to regular status.
  • The maximum allowed risk per position for each instrument is 2%. (A violation of this rule is categorized as a minor violation.)

 

 

Evaluation Challenge Features

 

The fees and features of the Propification Challenge are outlined in the table below:

Deposit (USD)$5,000$10,000$25,000$50,000$100,000
Phase 1 Profit Target (8%)$400$800$2000$4,000$8,000

Phase 2 Profit Target

(5%)

$250$500$1,250$2,500$5,000
Maximum Trading days per phaseUnlimitedUnlimitedUnlimitedUnlimitedUnlimited
Maximum Daily Drawdown5%5%5%5%5%
Total Drawdown12%12%12%12%12%
Profit Share90%90%90%90%90%
Minimum Trading days per phase5 Days5 Days5 Days5 Days5 Days
InstrumentsFX, Metal, Index, Commodities, CryptoFX, Metal, Index, Commodities, CryptoFX, Metal, Index, Commodities, CryptoFX, Metal, Index, Commodities, CryptoFX, Metal, Index, Commodities, Crypto
Leverage (up-to)1:1001:1001:1001:1001:100
News TradingYESYESYESYESYES
Expert AdvisorYESYESYESYESYES
Price$45$70$140$300$500

 

 

Further information

 

Please find below additional details regarding certain policies and procedures related to trading activities. We kindly request that you review and adhere to these guidelines to ensure a smooth and compliant trading experience.

 

  1. Expert Advisors and Trading Bots: The use of Expert Advisors, Trading Bots, or similar products is permitted, subject to approval. However, please note that the following activities are not allowed:

 

  • Copying trades of other traders: Any copy trading between trading accounts is not allowed; and copy trading with 5% tolerance and 60 second time frames is considered a rule violation and in case of application the account will be blocked.
  • Tick scalping: making five trades in one minute.
  • Hedging: Hedging on one trading account or others with 5% tolerance and timeframe of 60 seconds is considered a major violation and in case of applying the account will be blocked.
  • Stacking
  • Martingale strategy
  • Latency arbitrage trading
  • Reverse arbitrage trading
  • Hedge arbitrage trading
  • Use of simulators
  • Any method intended to harm the company, whether intentionally or unintentionally.
  • Each trader is allowed to have one active account at the same time, in case of any violation such as registering with two different personal details the company reserves the right to block both accounts. Please note that subsequent purchased is allowed but one account at the time.

 

  1. Submitting Tickets: In the event of any questions or issues, traders are requested to submit a ticket via the client panel. Please be aware that account fees are non-refundable.

 

  1. Unauthorized Trades: Copying trades or copying third-party trades without proper authorization is considered a breach of agreement and will result in termination of service without prior notice. Please note that commissions are charged for opening and closing trading positions. Additionally, swap details can be found in the trading symbol description section in the MetaTrader 5 Platform.

 

  1. Violations and Termination: The company reserves the right to terminate services and provision of any real account in cases of bad faith, intentional gaming of rules, or actions that may bring disrepute to the company. Any such termination will not result in any liability beyond a refund.

 

  1. Violation Categories:

 

  1. A) Minor violation: In the first violation, a 1% penalty from account balance will be applied, in the second minor violation, an additional 1% penalty will be applied. The 3rd minor violation will cause 24 hours account suspension. 4th minor violation will result in account closure. Minor violation for this challenge
  • Failure to exceed 2% risk per position in phase II & III.
  • Please note multiple position on same instrument are subjected to 2% risk per position per instrument. This means having multiple open trades at same time on one instrument should not exceed total of 2% of total margin. For example: position 1 is 1 lot on gold, position 2 is 0.5 lot on gold, hence total open position for gold is 1.5 lot.

 

  1. B) Major violation: Violation of the maximum daily loss of 5% including the starting balance of the new day and violation of the maximum total loss of 12% including the initial balance, trading in unauthorized pairs, hedging, tick scalping, arbitrage, or the continuation of trade with any minor violation or warning in place, is considered a final violation. A new account must be purchased to continue.

 

  1. C) Consistency Violation: The traders accept that during a challenge their trading behavior must be consistent including but not limited to volume size, risk to reward ratio, time in the market. It is important to indicate good and consistent trading strategies as there is no time limit or expiry on the account.

 

  1. Account Blocking: Propification and its broker partners reserve the right to block a trader’s account without any warning or explanation, including but not limited to instances of rule violations. Appropriate fines will be executed based on the rules.

 

Withdrawal Process

Withdrawals are possible after 15 days of phase III. After the first withdrawal, senior traders may be eligible for Daily withdrawals.

 

 

List of Tradeable Instruments: 

 

AUD/CHFEUR/GBPGBP/NZDF40/EURBTC/USD
AUD/JPYEUR/JPYGBP/USDASX/AUDETH/USD
AUD/NZDEUR/NZDNZD/CADFTS/GBPLTC/USD
AUD/USDAUD/CADNZD/CHFSPX/USDBCH/USD
CAD/CHFEUR/USDNZD/JPYHSI/HKDADA/USD
CAD/JPYUSD/JPYNZD/USDIBX/EURBNB/USD
CHF/JPYGBP/AUDUSD/CADNDX/USDTRX/USD
EUR/AUDGBP/CADUSD/CHFNIK/JPYXRP/USD
EUR/CADGBP/CHFDAX/EURXAG/USDSOL/USD
EUR/CHFGBP/JPYDJI/USDXAU/USDBRN/USD

 

InstrumentsLeverageCommission (% per million USD)
FX1:1000.0014%
METALS1:400.0014%
INDICES1:250.0014%
COMMODITIES1:150.0014%
CRYPTO1:30.05%