The Key to Prop (also referred to as the “Company” or “Provider” provides you (“you” or the “Member” or the “User”) with a limited permission to use the services (the “Services”) offered by the Company subject to, among others, to the Trading Rules contained herein and the Forbidden Trading Practices. These Trading Rules and the Forbidden Trading Practices have been set and presented in this document to ensure a fair, transparent, and professional trading environment within the Provider’s environment. 

The Services include, among others, the 2 Step Process, Key To Prop Challenges, Verification Products, Accessibility to a Broker Partner, Payment Solutions, Analytical Tools available to the User, Trading Platforms and the Client Area. These Services can be amended and even being canceled at the Providers sole discretion at any time and where applicable by informing Users.

A. INTRODUCTION

During trading activities on the Trading Platform, you may perform any transactions, unless these constitute forbidden trading strategies or practices that fall within the meaning of the below clauses. You also agree to follow generally-accepted standards 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.

You acknowledge that the Provider has access to information about your trading activity 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 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 Area. The Provider does not bear any responsibility for trading or other investment activities performed by the User outside the relationship with the User. For example by using data or other information from the Client Area, Trading Platform, or otherwise related to the Services in real trading on financial markets to make trading decisions.

B. FORBIDDEN TRADING PRACTICES

If the User places an unusually large number of orders/instructions for the Services within an unreasonably short period of time, the Provider may notify the User through the Client Area and/or an email and/or any other possible way of communication, as a protective precaution to mitigate potentially harmful behavior of the User. If such unreasonable behavior continues after such notice, we reserve the right to suspend any further orders of the Services by the User. If we identify that the unusual behavior as per this paragraph relates to the User’s involvement in Forbidden Trading Practices, we may take respective actions as perceived and described below. The Provider reserves the right to determine, at its own discretion, the nature of the behavior described above and reasonable boundaries for such determination.

As our User, you should understand and agree that all our Services are for User’s personal use only, meaning that only you personally can access your Client Area and connected accounts and perform trades. For that reason, you should not, and you agree not to:

1. allow access to and trading on your Client Area and connected accounts by any third party nor shall you engage or cooperate with any third party in order to have said third party perform trades for you, whether said third party is a private person or a professional;
2. access any third-party Client Area and connected 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 Client Area and connected accounts on behalf of another user, all whether performed as a professional or otherwise.
   
3. It is prohibited to perform any sort of High-Frequency Trading, Arbitrage or Straddling strategies, or any other approach which exploits errors in the service such as errors in the display of prices or delays in their update, or any approach which gives the User an unfair advantage.
   
4. IP Address should be consistent. If we detect a change in region, we may reach out to you to confirm and request proof. This measure is in place to protect you from third-party vendors. If you fail to provide adequate evidence, the provider may take necessary measures as this might be indication of Forbidden Trading Practices.
   

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

C. TRADING RULES

1. Applying Risk Management Rules for trading on financial markets, this includes, among others, the following:

• Unnecessary signs of gambling or reckless trading, specifically:
• Risking 100% or more of drawdown limits in open trades.
• Risking 50% or more of drawdown limits in a single trade or across multiple trades on the same instrument.
• Stop loss rule is mandatory and applicable for ALL positions at all times. This is to prove the Provider’s commitment to transparency and a way to protect its own capital.

2. Scalping Under 60 seconds

Positions must be kept open for at least 1 minute. If your trade was closed in less than 1 minute due to hitting an SL or TP order, this will not breach your account automatically; however, if we notice this being a consistent strategy, we will further analyze for signs of deliberately using Forbidden Trading Practices.

3. Inconsistent Trading

We expect you to stay consistent in your strategy and adhere to Standard Market Risk Management, avoiding substantial deviations in position sizes, instruments, trade frequency/quantity relative to your usual trading patterns. We expect Users to maintain consistent lot sizes in their trades to align, demonstrating disciplined and strategic trading practices. An example of breaching this rule would be if you complete your 5 minimum trading days by entering 20 lot trades for the first 2 days, and then for the remaining 3 required trading days, you place 0.1 lot trades.

4. Expected Trading Behavior

1. Diversification: We encourage Users to diversify their portfolios. Investments should be spread across different assets, and a range of trading strategies and timeframes should be considered to mitigate risk and optimize the potential for consistent, positive returns. 
2. Regular Review and Adjustment: Regularly reviewing and adjusting portfolios and trading strategies in response to changes in market conditions, economic indicators, and financial news is essential for aligning with both market and individual financial objectives. 
3. We are committed to promoting safe and responsible trading and discourage actions resembling excessive risk-taking and gambling behaviors. We discourage our Users to the risk of chasing fast earnings. Such actions can be risky. We emphasize a focus on gradual and consistent profit-building.
4. Exhibition of a disciplined and well-calculated approach, steering clear of overly risky behaviors. 
5. Avoid making trades predominantly in one direction without comprehensive market analysis. Every decision should be informed and supported by detailed research to maintain a balanced trading approach. 
6. Avoid making too many trades in a short time or making decisions impulsively. Focus on well-thought-out trades that fit within your long-term plans and risk tolerance.

5. EA and Copy Trading

Users can use an "EA". However, any trading activities that are used to take advantage of Trading Platforms’ inefficiencies (Gap trading, high frequency trading, server spamming, latency arbitrage, toxic trading flow, hedging (Hedging within the same trading account is allowed), long short arbitrage, reverse arbitrage, tick scalping, server execution, opposite account trading) are all prohibited trading including being results of copy trading or account management by a third-party vendor. Using a third-party Expert Advisor is allowed as long as it is a trade or risk manager. Using any other third-party Expert Advisor is not allowed. Use of Copy Trading EAs is allowed, but directly copying trades from other traders within the Provider or using MQL5 signal services is prohibited.

6. Inactivity

Any trading account inactive for 30 days will be automatically suspended.

D. MEASURES

If any Users’ accounts were used for or were involved in the Forbidden Trading Practices, this may and will constitute a breach of respective terms and conditions with a third-party provider and may result in cancellation of all such user accounts and termination of respective agreements by the third-party provider.

In the case that some or all Forbidden Trading Practices and/or Trading Rules are executed and/or violated on one or more accounts of one User, or accounts of various Users, then the Provider is entitled to take measures at its own discretion related to any and all User’s connected accounts and includes but not limited to the below:

1. The Provider may remove the transactions that violate the prohibition from the User’s trading history and/or not count their results in the profits and/or losses achieved.
2. To immediately cancel all Services provided to the User and subsequently terminate this contract and/or permanently ban the User if we deem that the connected trading activity poses a risk of causing the Provider and/or its Partners any financial harm and/or negative reputation.
3. Reduce the offered leverage on products on any or all Customer’s accounts at the Provider’s discretion on a case-by-case basis.
4. Reset the trading account and consider the cancellation of the eligibility of refunding through a bonus.
5. Reject or cancel scaling.
6. Any other measure the Provider deems as appropriate.

E. DISCLAIMERS

If we determine at a later time that the User has breached any of our Trading Rules and /or followed any of the Forbidden Trading Practices, we may retrospectively take any measures from the above non exhaustive list. 

 We reserve the right to modify/amend/enhance the trading rules and forbidden practices at any time. In which case an email will be sent to the Users informing them of the changes. 

 The above Trading Rules and Forbidden Trading Practices are applicable for all Challenges without limitation to exemptions and/or different parametrization on future and/or custom made VIP Challenges for which the User may find these deviations as part of the Challenge Overview sections within the Client Area. It is the Users’ responsibility to educate and update themselves with the applicable and updated versions of the Trading Rules and Forbidden Trading Practices at all-time prior engaging to any trading option.