Trading Rules

1. Nature of Services

This platform is a simulated trading environment. All evaluation and funded accounts run in simulation; only some firm-side orders may be sent to the real market for internal risk management.

• Amounts paid to traders are performance rewards based on simulated results — not a share of live trading profits.
• SMP Fund is not a broker, not a custodian, and holds no trader capital. The fee you pay is an access fee for the evaluation and reward program.
• An evaluation account is only a skill-assessment tool and creates no guarantee of future profitability.
• Displayed prices come from a reputable price source; spreads and slippage are designed to reflect realistic market conditions.

2. Membership & Acceptance

• Minimum age: 18.
• Services are not offered to citizens/residents of restricted countries (currently: Cuba and North Korea; see Restricted Countries).
• KYC is required before a funded account is issued (and therefore before funded payouts). It is not required before purchase or starting an evaluation.
• A rejected or mismatched KYC does not close your challenges or your account: you can keep trading, but a funded account (including Instant) is issued only after your KYC is approved. A discovered breach history voids related challenges (a refund only with admin approval). Passing evaluation alone does not guarantee a funded account.
• Multiple concurrent challenges by one person are allowed, but the combined account size of all your live challenges (evaluation, passed and funded together; free trials and contests excluded) may not exceed the per-person allocation cap — $500,000 by default. A purchase or reset that would go over the cap is refused. Maximum number of live challenges at the same time (free trials and contests excluded): 5. Approved scaling (rule 16) is not limited by the cap, but a scaled account's new size counts toward it for later purchases.
• At purchase, device technical data and paying wallet are recorded on the user file.
• Trading platform chosen at purchase is locked thereafter.
• Challenge purchase and reward payouts are crypto-only.
• Fees are not refundable by default; a refund is possible only in special circumstances and with admin approval (see Refund Policy). A challenge reset needs no approval: it is a self-service discounted rebuy (rule 3).
• One person may hold only one profile; multiple profiles are fraud.

3. Evaluation Packages

Three packages are offered. None has a time limit. Instant has no evaluation stage: its funded login is issued once identity verification (KYC) is approved. Prices depend on the account size and are shown in the shop.

Rebuy: After an account is failed (and for your first 3 free demos when they end), a personal one-time discount code is issued, valid for 48 hours. Its discount is 25% for a lost account of up to $25,000 (the code then works on challenges up to that size) and 10% for a larger lost account (a challenge of any size), of any package type. There is no limit on attempts. Breach history is not cleared by a new purchase.

Reset: you can restart an evaluation yourself from your panel (Challenge reset) at any time, without admin approval: the old account is closed and you buy the same package again with a personal 15% discount code valid for 60 minutes; purchased add-ons move to the new account. A free demo cannot be reset, and there is no “extra days” reset because no package has a time limit.

4. Basic Definitions

4.1 Trading day

A trading day is a calendar day (UTC, 00:00–24:00) on which at least one position was opened with risk ≥ 0.25% of initial balance. P&L and whether the position is still open at end of day do not matter. Below the threshold does not count. On a $10,000 account the minimum risk is $25. In addition, the position must stay open for at least 5 minutes and be at least the lot floor of your challenge. Each package has its own lot floor that grows with the account size (for example 0.01 lot on $2,000, 0.05 lot on $10,000 and 0.50 lot on $100,000); yours is shown on the challenge page and in your account. It is fixed when the account is bought (if the account is later scaled, it takes the lot floor of its new package size). Instant open-and-close trades and micro-lot “filler” trades do not create a trading day; they only stop counting toward the minimum trading days — their P&L is unaffected and the account is not closed. When the position has a stop loss, the risk threshold (0.25% of the initial balance) is measured to that stop.

4.2 Max Open-Trade Loss

Maximum combined floating loss on currently open positions. The cap is 3% of the initial balance. It is measured on the combined floating (unrealised) loss of all open positions — winning positions offset losing ones, and stop-loss levels are not part of the calculation. When the net floating loss reaches the cap, every open position that is itself in loss gets a yellow flag and an email; the positions stay open; if a flagged trade later closes in profit, that profit is not credited (losses count in full). This is a single yellow flag for the whole event, and the same open positions are not flagged again while they remain open. A position opened after that flag which also goes into loss while the book is still over the cap starts a new event (new yellow flag); once open losses fall back under the cap, the next breach is a new event. It counts as one of the account's 3 yellow flags. Commission is excluded.

Example: on a $10,000 account with a 3% limit, once all open positions together are at a $300 floating loss, every open position that is itself in loss gets a yellow flag.

4.3 Timezone

Daily loss (reset at 00:00 UTC), trading days, best-day, news windows, reward cycles and all other time windows use UTC — the firm's rule clock shown in the trader panel — not the trader's local time and not the broker's MetaTrader server time. Only swap follows the broker's own rollover (rule 7).

5. Risk Management

Exceeding either hard ceiling auto-terminates the account without prior warning.

• Daily loss (hard): max drop in a calendar day measured from start-of-day equity (balance plus floating P&L at the 00:00 UTC day change), including closed + floating; the limit itself is a % of the start-of-day balance. Prime 5%, Rapid 3%. Instant has no separate daily rule in the package table.
• Max total loss (hard): vs initial balance; static floor (Prime 10%, Rapid 6%, Instant 6% trailing as packaged).
• Max Open-Trade Loss 3%: when the combined floating loss of open positions reaches 3% of the initial balance, losing positions get one yellow flag + email; if such a trade later closes in profit, that profit is not credited (a loss counts in full). Trades stay open, they are not flagged again while open, and this event alone does not terminate the account — but it counts toward the 3-yellow-flag limit.
• Margin: no hard margin-% limit; when used margin goes above 70% of equity you only get an advisory notice in your panel — not a flag and not a breach.

6. Instruments, Leverage & Conditions

Leverage is the same in evaluation and funded stages. Yellow flags do not change account leverage.

• Leverage follows the broker connection: your account leverage and the margin requirement of each symbol are those of the broker's symbol specifications shown in the platform. The firm sets no separate per-asset leverage cap.
• Crypto: only BTC, ETH may be traded. A position on any other crypto symbol is closed automatically by the system and its result (profit, loss, commission and swap) is not counted on your account: it has no effect on the profit target, loss limits, trading days or payouts. This is not a yellow flag; you receive an e-mail that the symbol is not allowed (at most one every 24 hours).
• No hard lot-size cap and no hard cap on the number of orders; bursts of opens/closes within seconds are treated as HFT / tick-scalping (rule 15: first a notice with the profit of those trades not credited, a repeat closes the account).
• Spreads are floating; full symbol specs are shown in the platform.

7. Swap & Commission

• Swap is charged by the broker at its own daily rollover (broker server clock, not the UTC rule clock) per market convention, included in daily and total loss calculations. Rates are shown per symbol in the platform. Overnight holding is a trading decision; swap can contribute to a daily-loss breach.
• Commission is charged by the broker connection at the rates shown per symbol in the platform. Commission counts toward daily/total loss but not toward Max Open-Trade Loss.

8. Hedging, Correlation & Copy

• Same-symbol long+short in one account is allowed. For the 3% Max Open-Trade Loss the floating results are netted across all open positions (see 4.2), so a hedge does not add to the figure — but when one leg closes, the other leg's loss counts immediately.
• Opposite exposure on correlated pairs (EURUSD/GBPUSD, XAUUSD/XAGUSD) → yellow flag + profit strip.
• Hedging across challenges of the same customer when any account is funded: first time yellow + strip; repeat → hard fail of that customer's funded accounts. Eval-only same-customer hedge is generally allowed.
• Coordinated hedging between linked customers (shared device, payout wallet or network) is flagged, payouts are held and the accounts may be suspended automatically pending compliance review, and closed if the review confirms it; hedging with external prop firms: hard breach.
• Copy-trading or mirroring between different customers on funded accounts: hard breach — immediately when the accounts share a device or payout wallet, otherwise once confirmed by compliance review. Copying between your own accounts is not treated as copy-trading abuse.
• Trade-copier comment tags: a trade whose comment carries a copier or signal tag (for example “copier”, “copytrade”, “signal”, “master”, “slave”, “sync”, “follower”) gets a yellow flag and its profit is not credited — on every account, including copying between your own accounts and with the Automation add-on. Use a copier that leaves the trade comment empty.

See also Hedging Policy and Restricted Practices.

9. Automation

• Expert Advisors (EAs), bots and scripts may open and manage trades on every account at no extra cost; no add-on or registration is needed.
• Tools that only manage existing positions (position sizer, auto-SL trail, partial close) are always allowed.
• Whenever an EA trade is flagged, a payout hold is also placed on your customer file: payout requests on all your accounts stay on hold until compliance review clears it.
• Hard breaches in every case: latency/price-feed arbitrage, multi-user shared EAs/strategies. HFT / tick-scalping is handled under rule 15 (a first notice with the profit of the matched trades not credited; a repeat closes the account).

See EA / Bot Policy.

10. News Trading

• News window: ±15 minutes around high-impact events on the site economic calendar (UTC). Open or close in the window counts as news trading.
• Prime & Rapid: allowed; only 40% of profit counts; 100% of loss counts.
• Instant: news trading not allowed — the platform does not block the order, but 0% of a news-window profit is credited while 100% of a loss counts. You are notified; it is not a yellow or red flag.
• If a trade is found to fall inside a news window only afterwards (a calendar event published late or moved), the same news rule is applied to it retroactively — its profit is reduced or not credited as above — and you are notified the same way.
• Latency arbitrage / feed-error abuse around news remains prohibited on all packages.

See News Trading Policy.

11. Extreme Market Conditions

Spreads are floating; widening in low-liquidity hours is normal. In abnormal volatility/liquidity the firm may widen spreads, temporarily reject new opens on a symbol, or halt trading on that symbol. Existing open positions remain manageable/closable and are not auto-voided. Daily/total loss rules continue to apply. This clause is not used to void already-closed trades, cancel a passed challenge, or deny/delay a payout request solely because of extreme-market measures.

12. Overnight, Weekend & Gaps

• Holding positions overnight and over the weekend is allowed on all packages.
• Allowance does not waive daily or max-total loss rules.
• Gaps on reopen that breach those ceilings still hard-fail the account; excess loss beyond the floor is never a debt owed by the trader.

13. Consistency (Best-Day Rule)

No single trading day may exceed 35% of net closed profit for the phase/reward cycle, on every package. Only closed trades count. After a successful payout the cycle resets. Exceeding the cap is not a yellow flag and does not close the account or block challenge pass. It only blocks withdrawals until the share is diluted. The system shows how much additional profit is needed to clear the gate.

13.2 Short-term trades (short-hold rule)

On funded accounts, if more than 30% of the positive credited profit of the current payout cycle comes from winning trades held for less than 2 minutes, the withdrawal is held. Like the best-day rule, this is not a yellow flag: no profit is stripped, the account is not closed and it has no effect on your pass. Trades held 2 minutes or longer always count in full. To release the withdrawal, keep trading with longer holds until the short-trade share falls to 30% or below.

14. Yellow Flag System

• Max 3 yellow flags per account; the 3rd is a red flag and terminates that account (fee refund only with admin approval; funded accrued rewards unpaid).
• Triggers include: combined floating loss of open trades ≥ 3% (Max Open-Trade Loss); volume increase after two consecutive losses on the same symbol; correlated hedging; first funded cross-challenge hedge; EA without addon; a trade-copier comment tag (rule 8); changing the trading account passwords we were given so that we can no longer log in with them (for example the investor password, or both investor and master) — counts as two yellow flags at once, rule 19. Best-day profit share over the published cap and a high share of short-hold profit (trades under 2 minutes, see rule 13) are not yellow flags — they only hold withdrawals until the share is diluted; no profit is stripped.
• On every yellow: strip violating profits where that rule strips profit; keep losses.
• Yellow flags do not change account leverage. Broker/demo leverage stays as issued.
• Flags are per-account; history stays on the user file and can reduce future funded size/risk caps (challenge purchase stays unrestricted).

15. Hard Breach & Fraud

• Hard breach (immediate terminate that account; a refund only with admin approval — a discounted rebuy per rule 3): daily/total loss breach; 3rd yellow; hedging with external props; latency / price-feed arbitrage; a repeat HFT / tick-scalping signature after a first notice.
• HFT / tick-scalping (e.g. a bot opening and closing bursts of positions within seconds, or trades held only a few seconds): the first detection is a notice — profit from the matched trades is not credited and, on a funded account, payouts are held for review; it does not count toward the 3 yellow flags. A repeat after the notice is a red flag and closes the account.
• Fraud / coordinated activity (terminate all accounts + permanent ban): repeat funded cross-hedge; multi-user coordination; arbitrage; fake identity / multi-profiles; copy between persons; shared logins; exploiting platform bugs.
• Termination email cites the rule and evidence. Appeal within 7 days; review within 5 business days.
• Detection may occur later; delayed discovery is not acceptance. Identity ties document, email, wallets, and device/network data. History never clears with new purchases.

16. Funded Accounts & Scaling

• Funded account activates within a maximum of 48 business hours after KYC approval and passing the last evaluation stage (usually much sooner).
• Risk rules match evaluation; leverage matches evaluation. Yellow flags do not change leverage.
• Allocation cap: a new purchase or reset is refused if it would take the combined size of all your live accounts (evaluation and funded) above $500,000 per person by default (rule 2); the largest single account you can buy is $100,000. Approved scaling is not limited by this cap, but a scaled account's new size counts toward it for later purchases.
• Scaling: a funded account may request only the next package size of its own type — Rapid and Prime $2K → $5K → $10K → $25K → $50K → $100K, Instant $2K → $6K (sizes on sale only; the largest is the last step), one step per request. A step unlocks when the credited profit since funding or the last scaling (payouts not deducted) reaches 10% of the current size. After approval the account follows the new package's minimum lot size and payout caps. Every request is reviewed manually and approval is not guaranteed. Scaling does not create a live brokerage account.
• Best-day and risk metrics are per account.

See Scaling Plan.

17. Payout Cycle

• First payout: minimum 21 calendar days after this challenge is funded (and, for the customer's very first payout, at least 21 days after signup); thereafter 14-day cooldown.
• Minimum 5 qualifying trading days (rule 4.1) in each payout cycle before a payout can be requested — counted since your last paid payout (for the first payout, since the account was funded). A cycle with no new trades, in which you only withdraw profit left over from an earlier capped or partial payout, needs no new trading days.
• Caps vs initial balance: every package has its own, shown on its challenge page and in your account — payouts 1–2 and 3–4 are each capped at a percentage of the initial balance (a higher one on smaller accounts, e.g. 5% on $2,000, 3% on $10,000 and 2% on $100,000 for payouts 1–2); 5+ unlimited. An account keeps the caps it was bought with. Minimum $50 per funded account (profits from two accounts cannot be combined).
• Each payout is charged a flat $3 withdrawal fee, deducted from the amount sent. Crypto network fees are separate and borne by the trader.
• After successful PAID: the withdrawn profit is subtracted from the challenge book on the same demo account. MetaTrader balance is not reset. Remaining challenge profit stays withdrawable after cooldown.
• Payout review freeze: all positions must be closed when you request a payout. From the request until it is paid, rejected or cancelled, the account is frozen for payout review: opening a trade does not cancel the request, but trades opened during the review earn no profit credit, while their losses still count against the account and its loss limits. They also do not count as qualifying trading days.
• Profit-share upgrade (rule 18): opening a trade while an upgrade request is pending cancels that request (soft cancel); the account is not failed.
• Manual review: every payout request is checked and approved or rejected by our team — nothing is paid automatically. Requests with risk signals (a risk score above the review threshold, gambling-style patterns, a cycle dominated by news-window or very short trades, an open risk flag) are held for compliance review, and the reward on the affected profit may be reduced or not credited (see Payout Policy).
• KYC required. Crypto wallets only; accepted networks: USDT (TRC20 / Tron), USDT (ERC20 / Ethereum), USDT (BEP20 / BNB Smart Chain), USDT (Solana), Bitcoin (BTC), Ethereum (ETH).

See Payout Policy.

18. Profit Share Ladder

Default starting trader share of simulated profit: 80% (70% on Instant). Upgrade to 85% once the account has been funded for at least 2 months and its gross profit (the sum of winning trades since funding) reaches 10% of the account size; upgrade to 90% after at least 4 months and 25%. The same profit percentage must also have been earned within the last 120 days before the request, the best-day consistency limit must be met, and 90% also requires a profitable last reward cycle. Upgrade is requested by the trader (not automatic); soft-cancel rules apply while pending. New share applies only to profit earned after approval. Ladder is per account and resets if the account is terminated.

19. Inactivity & Account Security

• Evaluation: after 10 days without a trade you get a reminder and the account is shown as deactivated (credentials hidden) until you reactivate it from My challenges; after 20 days a second reminder; 30 consecutive days without trading → auto-close (a refund only with admin approval; a discounted rebuy per rule 3). Reminders are not yellow flags.
• Funded: warnings at 20 and 40 days without trading (they do not count toward the 3 yellow flags); 60 consecutive days without trading → deactivate; settle eligible pending/accrued rewards via payout, then close.
• Sharing login credentials is a hard breach. Trader is responsible for credential security.
• Do not change the trading account passwords we were given so that we can no longer log in with them (for example the investor password, or both investor and master): it cuts our monitoring. A change counts as two yellow flags at once and profit from trades in the unmonitored window is not credited; a repeat change closes the account (red flag).

See Inactivity Policy.

20. Legal, Status Page & Rule Changes

• Personal/financial data are kept confidential except with consent or legal requirement.
• Trading involves substantial risk; the trader alone is responsible for decisions. Evaluation is skill assessment only.
• Fees are generally not refunded (a refund only in special cases with admin approval; challenge resets and rebuys are self-service, rule 3). These rules are governed by the laws of the United Arab Emirates.
• The public System Status page is the official channel for technical/market notices (news calendar, feed issues, maintenance, extreme-market limits, server-time changes).
• Rules may change with or without prior notice; anti-abuse/fraud changes may apply immediately to active accounts. Continued use after publication constitutes acceptance for future activity.

21. Firm Copy-Trade Program

• What it is: SMP Fund may select simulated funded accounts that meet its internal performance criteria and mirror their trades on the firm's own live accounts in the real market, through the firm's own infrastructure. The volume ratio is chosen by the firm: it usually starts as a fraction of the trader's lot size and may be raised over time, including above 100 % (for example 200 %).
• Sole discretion: which accounts are selected, the ratio, and when mirroring starts, changes or stops are decided by the firm alone, at any time and without notice.
• Note: the firm deliberately does not inform a trader whether their account is being mirrored. Knowing it would add psychological pressure and could change the way you trade; the program is built around your strategy exactly as it is, so trade as you always do.
• No effect on you: mirroring changes nothing on your side — your simulated account, the rules, your metrics, flags, profit strips, payouts and profit split are evaluated exactly as if no mirroring took place. Results on the firm's live accounts (profit, loss, slippage, execution differences) belong to the firm and create no claim, share or liability for the trader.
• Not advice, not asset management: the program is neither investment advice, nor asset management, nor a partnership. The firm never touches your trading account, your orders or your login credentials for this purpose.
• Copying or mirroring between different customers remains prohibited (rule 8).

22. Support

• Support is available via tickets (and online chat where offered) from your account dashboard, plus info@smpfund.com and Telegram.
• Account-termination appeals must be filed within 7 days; review within 5 business days with a reasoned response citing evidence.

Questions? Contact us at info@smpfund.com or via Telegram.