---
title: "Risk Disclosure"
url: "https://smpfund.com/risk-disclosure"
language: "en"
published: "2026-11-14T08:43:05.991Z"
modified: "2026-11-14T08:43:05.992Z"
---

# Risk Disclosure

*Last updated: October 8, 2026*

## Trading Involves Substantial Risk

Trading foreign exchange, CFDs, and other leveraged products carries a high level of risk and may not be suitable for all traders. You could sustain a loss of some or all of your evaluation fee.

## Simulated Environment

**Both evaluation and "funded" trader accounts operate in a simulated trading environment.** No real trader capital is held or traded on these accounts. Simulated results may differ from live markets. Separately, the firm may selectively mirror some orders on its own live accounts; that does not change the simulated nature of the trader-facing account. See [Simulated Trading](https://smpfund.com/simulated-trading).

## Skill Assessment Only

Our programs are a skill assessment and simulated trading service. Passing an evaluation or receiving a "funded" simulated account does not guarantee future profitability, ongoing rewards, or any particular trading outcome.

## Past Performance

Past performance, including leaderboard results and trader testimonials, is not indicative of future results and must not be treated as a guarantee of future profitability.

## No Financial Advice

Nothing on this website constitutes financial, investment, or trading advice. Always do your own research.