Terms of Service

1. Introduction

Welcome to Silk Prop. By accessing our website, purchasing an evaluation challenge, or using our platform services, you agree to comply with and be bound by the following terms and conditions. If you do not agree with any part of these terms, you must refrain from using our services.

2. Evaluation Accounts & Trading Rules

All accounts provided by Silk Prop are simulated evaluation accounts connected to real‑time market data feeds. Traders must strictly adhere to our trading rules, including:

• Maximum daily loss limits
• Overall loss limits (drawdown)
• Minimum trading days required for each challenge type

Failure to comply with these rules may result in immediate account termination.

3. Prohibited Trading Practices

We maintain a zero‑tolerance policy for prohibited practices, which include:

• Use of unauthorized Expert Advisors (EAs) or latency arbitrage
• Account management sharing or group hedging across multiple accounts
• Revenge trading or intentional manipulation of the platform simulation

Any violation will lead to immediate disqualification and forfeiture of any profits.

4. Payments and Refunds

All purchases of evaluation challenges are final. Once login credentials for a challenge account have been generated and delivered via email, refunds are generally not applicable except under exceptional technical failure verified by our support team. We reserve the right to refuse refunds if the user has already accessed the platform or breached any terms.

5. Limitation of Liability

Silk Prop shall not be held liable for any direct, indirect, or consequential damages resulting from platform interruptions, connectivity issues, simulated market conditions, or any other external factors beyond our reasonable control. The platform is provided “as is” without any warranties, express or implied.

6. Intellectual Property

All content, logos, brand name (“Silk Prop”), and trading software on the website are the exclusive intellectual property of the Company. No user may misuse, reproduce, distribute, or create derivative works without explicit written permission. Unauthorized use will result in legal action and account suspension.

7. Account Termination & Breach

If a trader violates the rules, commits fraud, uses unauthorized software, or engages in any activity that harms the platform or other users, the Company may immediately terminate the account without prior notice and confiscate all profits. We reserve the right to permanently ban the user from any future services.

8. Payout & Funded Stage Conditions

Upon successfully passing the evaluation challenge, the trader will be eligible for a live funded account. The following conditions apply:

• Profit Split: 80% to the trader / 20% to the Company (subject to change per promotion).
• Payout Cycle: Weekly (every Friday) or bi‑weekly, as per the selected plan.
• Minimum Payout Amount: $100 (or equivalent) for the first withdrawal, thereafter $50.
• Payouts are processed only after successful KYC verification.

9. Inactive Accounts

If a user does not log in or trade on their challenge or funded account for a continuous period of 30 days, the account will be marked as inactive. Inactive accounts may be closed or archived, and any remaining profits may be forfeited. Users are advised to maintain regular activity to keep their accounts active.

10. Changes to Terms

The Company reserves the right to update these terms and conditions at any time without prior notice. Any changes will be posted on this page with an updated “Last updated” date. Continued use of the platform after such changes constitutes acceptance of the new terms. It is the user’s responsibility to review this page periodically.

11. Governing Law & Jurisdiction

These terms shall be governed by and construed in accordance with the laws of the Republic of India. Any disputes arising out of or in connection with these terms shall be subject to the exclusive jurisdiction of the courts in Mumbai, India. Users agree that any legal proceedings shall be conducted in the English language.