Propywise strictly prohibits any form of cheating or exploiting the platform, as it violates the Terms of Service (TOS) agreed upon during registration. Traders are encouraged to thoroughly review our Terms of Service to understand the guidelines and avoid potential issues.
Abuse of the System refers to trading methods that do not simulate real market conditions and will lead to a breach of our Terms of Service without warning. Strategies that consistently generate risk-free profits only on Challenge Accounts are forbidden. Traders are expected to operate their accounts as if they were real Propywise Accounts. Employing strategies that exploit Challenge Accounts will result in the termination of a trader’s Propywise account, whether in the evaluation phase or while managing a Propywise account. The use of "Pass Your Challenge," "Copy Trading Services," or "Signal Services" is also prohibited and will result in the denial of any Propywise accounts and a permanent ban from all Propywise services.
Example Strategies That Violate Our Terms of Service:
High-Frequency Trading (HFT): HFT involves using advanced algorithms and high-speed networks to execute numerous trades within milliseconds, aiming to capitalize on minor price changes and market inefficiencies. While HFT can offer quick profits, it poses significant risks and can disrupt market stability by:
Creating false market activity impressions by executing a large volume of trades rapidly, influencing other traders' decisions.
Increasing market volatility, making it difficult for other traders to make informed decisions due to erratic price changes.
Quick Strike Method: This ultra-fast trading strategy involves exploiting short-term market movements by conducting a high volume of trades and holding positions for a very brief period. Although it can yield quick profits, the Quick Strike Method can:
Exacerbate market volatility and contribute to artificial price movements, misleading other market participants.
Challenge platform integrity by enabling potential market manipulation and unfair trading advantages.
Latency Trading: Latency trading, which involves executing trades based on delayed data or exploiting execution delays, is strictly prohibited at Propywise due to its unethical implications and the potential to undermine fair trading.
Copy Trading From Others: While Propywise allows copy trading from any account owned by the same individual, copy trading between accounts not owned by the same individual is strictly forbidden.
Hedging or Group Hedging Across Various Accounts: Hedging within the same account is permitted; however, using multiple accounts to hedge positions is prohibited as it does not reflect legitimate trading strategy.
Arbitrage Trading: Arbitrage, or exploiting price differences across markets, is banned on Propywise due to its potential to disrupt market fairness and price integrity.
Tick Scalping: This strategy, involving numerous trades to capitalize on small price changes, is limited due to its potential for market manipulation and disruption.
Grid Trading: Grid trading is prohibited because it involves placing multiple conflicting orders, which can manipulate market prices and contribute to market instability.
One-sided Betting: This speculative strategy involves consistently taking positions in one direction without proper market analysis, increasing the risk of significant losses.
Account Sharing/Device Sharing: Sharing Propywise accounts or devices for trading is strictly against the Terms of Service due to security, fairness, and compliance concerns.
Hyperactivity: Excessive trading activity, characterized by rapid and frequent trade execution, can strain platform resources and negatively impact other traders' experiences.
For traders, adhering to these rules is crucial for maintaining the integrity and fairness of the trading environment at Propywise, ensuring that all participants can trade effectively and ethically. If issues arise, traders are advised to contact Propywise support promptly.