Trading rules

Balance is realised cash on the account. Equity is balance plus the unrealised profit and loss of every open position, marked at the current mark price. Every risk rule in this document is measured on equity, never on balance — an open loser counts against you before you close it.

Starting balance is the capital the account is opened with: $100,000 on a $100K plan. High-water mark is the highest equity the account has ever reached, updated tick by tick.

A trading day is a UTC calendar day on which a position that was opened that day was also closed, having been held at least 120 seconds. It is a completed round trip, not a fill — see section 6. Day-start equity is the equity snapshot taken at 00:00 UTC.

An evaluation is a single stage. There is no second phase and no verification step: pass the one account and a funded account follows. It runs on simulated capital priced from live market data throughout.

Passing does not open the funded account by itself. The result goes to our team for review, the account is created in a pending review state, and a person opens it — usually within a working day. Your evaluation clock does not run during that review; the funded account's period starts when it is approved.

A trader may hold multiple evaluations simultaneously, subject to a combined allocation ceiling of $1,000,000 across all accounts.

The evaluation requires equity to reach 108% of the starting balance — 8% profit. Funded accounts have no target; the objective there is to keep the account alive and take payouts.

The target is a realised test. It is measured on equity, but an account is only marked passed with no position open — and with a flat book, equity is your realised balance. A floating profit that takes you past the target does not pass the account; closing the trade does. Banking it is the point.

The minimum trading day requirement in section 6 must also be met.

Equity may not fall more than 3% below day-start equity at any point during a UTC day. On a $100,000 account with a $100,000 day-start snapshot, the floor for that day is $97,000.

The check runs on every mark-price update, not at the daily close. A position that dips below the floor and recovers within the same minute has still breached.

The total allowance is 10% of the starting balance, as a fixed amount. On a $100,000 account that is $10,000, and it is $10,000 for the life of the account — it does not grow as you profit.

What moves is the floor. It sits that fixed amount below your high-water mark, and the high-water mark rises with your end-of-day balance: at 00:00 UTC the engine takes what you have actually banked, and if it is a new record the floor moves up with it. It never moves back down.

Two things follow, and both are deliberate. Profit only counts once it is realised and has survived to the end of a day — an unrealised spike you close out of does not raise your floor, so you are never punished for a number you could not have withdrawn. And profit that has been banked becomes the new reference: you cannot risk last week's gains to win back today's loss.

The evaluation requires at least five qualifying UTC days. The days need not be consecutive.

A day counts on a completed round trip. A position opened on that day must also be closed on that day, and must have been held at least 120 seconds. Three things therefore do not count: placing and cancelling an order, holding a position without closing it, and closing a position that was opened on an earlier day — that trade belongs to the day it was opened.

The day is keyed to the open for exactly that reason. A position opened at 21:56 and closed at 00:04 the next morning is one day, not two.

Position time limit. Any position held for less than 120 seconds is prohibited, and its profit is excluded from payouts.

Time limit on the evaluation. The account must be passed within 30 days of its first trade.

Maximum leverage is set per plan, and further constrained per position by risk brackets that mirror exchange risk limits: as position notional grows, the maximum leverage falls and the maintenance margin rate rises.

• $10,000 account — up to 250x
• $25,000 account — up to 128x
• $50,000 account — up to 64x
• $100,000 account — up to 40x
• $200,000 account — up to 20x

These are the plan's ceilings, and the instrument decides the rest: the brackets cap BTC at 150x and most altcoins lower, so the leverage available on a given symbol is whichever of the two is smaller. The order ticket shows the real number for the symbol you are on.

Only cross margin is available. Liquidation is triggered by the mark price, not the last traded price, using the tiered maintenance margin for the position's notional bracket.

A liquidation is not itself a breach. It is a loss like any other — it only ends the account if it takes equity through the daily or total limit, which at meaningful size it usually does.

USDⓈ-M perpetual futures only, quoted and settled in USDT. BTC, ETH, SOL, BNB and XRP are available on every plan; the live list is published in the dashboard.

Markets are open continuously, including weekends and holidays. Funding settles every eight hours at 00:00, 08:00 and 16:00 UTC and is debited from or credited to the account at each window.

Any position held for less than 120 seconds is prohibited. Intraday, swing and position trading — anything held beyond two minutes — are permitted, with no maximum trade count. Positions may be held overnight and over weekends. Trading through news and macro releases is permitted.

Automation is permitted on your own account through the trading API with your own keys. Hedging within a single account is permitted.

The consistency rule applies. An evaluation is not passed by making 20% in one day and 1% across the rest; performance has to show a consistent and stable pattern. It is checked against payout eligibility rather than the pass itself — see section 12.

Exploiting platform defects. Trading against a stale mark, a mispriced index, a delayed liquidation or a known erroneous book state, rather than against the market.

Coordinated or group trading. Offsetting positions across two or more accounts — your own or those of traders acting together — so that one account is guaranteed to hit a target while others absorb the loss.

Latency arbitrage. Systematically taking fills against prices our engine has not yet updated.

Account sharing or transfer. Sharing credentials, trading an account on behalf of another person, or selling a passed account. Payouts are made only to the individual named on the KYC record.

Copy trading across Propology accounts. Running the same signal across multiple accounts you control or influence.

When a limit is crossed, the engine cancels resting orders, closes open positions at the prevailing mark and moves the account to a breached state. The account cannot be traded again. The reason, the triggering equity and the timestamp are written to your account log.

Where a fill is demonstrably the product of a platform fault, we void that fill and its profit or loss and tell you which fill and why, rather than closing the account. Where the conduct rules in section 10 are broken, the account is closed, any pending payout is withheld, and the evaluation fee is not refunded.

Breach decisions can be appealed by email within 14 days. An appeal is reviewed against the same logs you can see, and the outcome is written, not verbal.

The first payout may be requested after 14 calendar days on a funded account, then every 14 days. The account must be above its high-water mark at the time of the request.

The split is set by the plan you bought and does not change with the number of payouts you take: 80% to the trader up to the $50,000 account, 85% on $100,000 and 90% on $200,000. It is calculated on realised profit net of fees and funding since the previous payout. Your evaluation fee is returned with your first payout.

Requests are reviewed within one business day and paid in USDT on BNB Smart Chain (BEP20), Tron (TRC20), Ethereum (ERC20) or TON within 72 hours of approval. KYC must be complete before the first payout.

After two consecutive profitable payout periods, allocation increases by 50% of the original account size — a $100,000 account becomes $150,000 — up to the $1,000,000 per-trader ceiling.

Loss limits scale with the new balance and the high-water mark is carried forward. Scaling never resets a drawdown anchor in the trader's favour.

An evaluation account with no executions for 30 consecutive days is closed and the attempt ends. A funded account with no executions for 15 consecutive days is suspended.

You may close a funded account at any time. Profit accrued above the high-water mark is paid out on the normal schedule after closure.

Traders must be at least 18 and resident outside the restricted jurisdictions listed at checkout. Verification requires a government photo ID — both sides of a national ID card or driving licence, or the photo page of a passport — and a liveness selfie. Proof of address is not required.

KYC is required before the first payout, not before trading. If verification shows that an account was opened from a restricted jurisdiction, the evaluation fee is refunded and no payout is made.

To protect the integrity of trading on the platform and to uphold our operating standards, Propology reserves the right to review, suspend or discontinue the provision of services to any account.

Where we take that decision, the fee paid for the affected account is refunded in full. This is separate from a breach: an account closed for breaching a limit in these rules has ended its attempt under section 11 and is not refunded.

This rulebook is versioned. Changes apply to accounts opened on or after the effective date; accounts already open continue under the version they started on until they are closed or renewed.

Material changes are emailed to every active trader at least 14 days before they take effect. We do not make retroactive rule changes to invalidate a passed evaluation.