This Trade Policy outlines the terms and conditions for participating in Proplab FX’s trading programs through our website. By signing up and engaging in the evaluation plans, you agree to the terms set forth in this policy.
Eligibility: To participate in the Proplab FX evaluation program, traders must meet specific eligibility criteria, including age, experience level, and regulatory requirements. By registering on our website, you confirm that you meet these conditions.
Account Creation: Once registered, you will gain access to the evaluation plan that matches your chosen criteria. You must provide accurate details during registration and agree to all terms of this Trade Policy.
KYC Submission: To ensure the security of all parties and comply with anti-money laundering (AML) regulations, all traders are required to submit Know Your Customer (KYC) documentation before accessing the funded trading account. This documentation may include a government-issued ID, proof of address, and any other relevant information to verify your identity. Failure to complete the KYC process will prevent access to the trading capital.
Proplab FX offers the following evaluation plans with detailed terms for each level:
Starter Plan
Phase 1 Target: 20% profit target
Profit Share: 10%
Maximum Daily Loss: 10% of the account balance
Maximum Overall Loss: 50% of the account balance
Leverage: 1:125
Conversion Limit: 5 attempts to pass Phase 1
Registration Fee: 80.00 USD
Intermediate Plan
Phase 1 Target: 50% profit target
Profit Share: 10%
Maximum Daily Loss: 10% of the account balance
Maximum Overall Loss: 40% of the account balance
Leverage: 1:128.21
Conversion Limit: 6 attempts to pass Phase 1
Registration Fee: 195.00 USD
Professional Plan
Phase 1 Target: 80% profit target
Profit Share: 8%
Maximum Daily Loss: 8% of the account balance
Maximum Overall Loss: 30% of the account balance
Leverage: 1:151.52
Conversion Limit: 8 attempts to pass Phase 1
Registration Fee: 330.00 USD
Expert Plan
Phase 1 Target: 95% profit target
Profit Share: 7%
Maximum Daily Loss: 7% of the account balance
Maximum Overall Loss: 35% of the account balance
Leverage: 1:181.82
Conversion Limit: 10 attempts to pass Phase 1
Registration Fee: 550.00 USD
Risk Management: Traders must adhere to strict risk management guidelines. The maximum daily and overall losses cannot be exceeded. Traders should also follow the leverage rules to manage their risk effectively.
Prohibited Activities: Any form of market manipulation, fraud, or illegal activity is strictly prohibited. Violations will result in the immediate suspension or termination of the account.
Trading Hours: Trading can only be conducted during the normal market hours. Trading outside of these hours may be restricted or voided.
Profit Share: Traders are entitled to a percentage of profits earned, depending on the plan chosen. For example, a trader in the Expert plan may earn up to 95% of the profits generated.
Payouts: Payouts are made on a monthly or bi-weekly basis, depending on the performance of your account. Payouts are processed after the profit share is calculated.
Phase 1 Evaluation: Traders must pass Phase 1 of the evaluation plan, which is based on achieving the target profit without exceeding the specified daily or overall loss limits.
Performance Review: Proplab FX will monitor each trader’s performance throughout the evaluation process. If the trader exceeds any loss limits or fails to meet the required profit target, they will be disqualified from the evaluation plan.
Account Conversion: Upon successful completion of Phase 1, the trader’s account may be converted to a funded trading account, with the capital allocation based on their performance.
Suspension: Accounts may be temporarily suspended if a trader violates the terms of the policy, including exceeding the maximum daily or overall loss, engaging in prohibited activities, or failing to comply with risk management protocols.
Termination: If the trader repeatedly fails to comply with the policy or fails to meet the necessary targets, their account will be terminated, and they will no longer be eligible to participate in the evaluation plan.
Compliance: Traders are required to comply with all local laws and financial regulations governing trading activities in their jurisdiction. Proplab FX is not liable for any legal or tax-related issues arising from trading activities.
Tax Obligations: Traders are responsible for reporting any earnings from Proplab FX to the appropriate tax authorities and ensuring they comply with their local tax laws.
Trading Risk: Trading involves inherent risks, and there is no guarantee of profits. By participating in the evaluation plans, you acknowledge that you are aware of the potential for financial loss.
Liability: Proplab FX is not responsible for any losses incurred due to market conditions, technical issues, or trader errors. Traders assume full responsibility for their trading decisions.
Proplab FX reserves the right to amend this Trade Policy at any time. Any changes will be posted on our website, and by continuing to participate in the evaluation plans, you accept the updated terms.