Terms & Conditions

1. INTRODUCTION

1.1 These General Terms & Conditions (the “GTC” or “Agreement”) govern the rights and obligations in connection with the use of services through the website www.p1prop.com (the “Website”).

Please read these GTC carefully. You are under no obligation to use the Services should you not agree or understand any section of these GTC, nor should you use the Services unless you fully understand and agree to the Terms contained within these GTC.

1.2 These GTC are entered into by you (“you”, “your”, “User”, or the “Customer”) and,

PEAK1 PROPRIETARY MARKETS LTD a company incorporated in the Republic of Cyprus, with registration number HE489086 and registered offices at: Promitheos 14 Nicosia 1065 Cyprus, referred herein as the “COMPANY” or “P1”.

1.3 These GTC constitute a binding contract between you and the COMPANY.

In the event of any inconsistency between these GTC and other agreements, the GTC shall prevail.

1.4 P1 provides simulated trading services only.

P1 is not licensed to offer investment services, does not accept client funds, does not act as a broker or counterparty, and does not provide investment advise. All P1 accounts are virtual and simulated. No real financial instruments are traded. All rewards are paid by P1 from its own funds.

The Company and the Customer, hereinafter each referred to individually as a “Party” and collectively as the “Parties”).

The Company and its related entities are herein collectively referred as “P1 Related Entities”

2. GENERAL PROVISIONS

2.1 By accessing, registering, using, and/or clicking on “I agree” to accept the Services provided by the Company, you confirm that you have read, understood, accepted, and agreed to be bound by all of the terms and conditions stipulated within these GTC (the “Effective Date” of this Agreement), as well as P1’s Privacy Policy, available on the Website.

You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some jurisdictions, and you undertake to access and use the Services only in accordance with applicable laws.

2.2 The Services consist of the provision of instruments for simulated foreign currency trading in the FOREX & CFD market or with other instruments in other simulated accounts/financial markets, access to trading accounts for simulated trading (“P1 Accounts”), analytical tools, training and educational materials, and any other accompanying services for Users, as applicable.

2.3 You may order the Services through the Website by completing the appropriate registration or order form.

After registration, we will email you the login details for the Client Section and/or Trading Platform and enable your access.

2.4 No Financial or Brokerage Advice Please note that the Company and the P1 Related Entities, are not acting in the capacity of your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any transactions or activities you undertake when using our Services.

The Company and the P1 Related Entities do not provide investment or consulting advice of any kind, and no communication or information provided by us is intended to constitute investment advice.

The Company & the P1 Related Entities offer only Virtual (Simulated) Accounts ;

They do not offer any form of live funded account, nor does they allow users to trade real financial instruments through the Website or Platform.

2.5 By agreeing to these GTC, you represent that you are at least 18 years of age or otherwise above the legal age of capacity in your country of residence (if different), and that you are accessing the Services solely from a country in which the Services are lawfully made available.

3. DEFINITIONS, EXPRESSIONS AND ABBREVIATIONS

For the purposes of this Agreement, the following definitions shall have the following meanings:

3.1.1 “Calendar day” means every full 24-hour calendar day, including weekends and public holidays, based on the current time in the Republic of Cyprus;

3.1.2 “Client Section” means the secure user interface located on the Website through which the Customer manages their P1 Accounts, profile, and Services;

3.1.3 “Content” means the Website and all Services, including the Client Section, their appearance, structure, and all applications, data, information, multimedia elements (including text, graphics, design, images, audio, and video), and any other materials forming part of the Website or Services;

3.1.4 “Customer”, “you”, “your”, or “Trader” means any natural person or legal entity entering into these GTC with P1 (as set out in the introductory provisions);

3.1.5 “Daily Loss Limit” means the maximum permitted loss (realized and unrealized) that may occur within a single trading day on a P1 Account.

Daily Loss Limits vary by challenge type and are defined on the Website.

P1 offers six main account types, each with its own Daily Loss Limit:

The following table:

Account ID	Account Type
1	One-Phase Challenge – Day Trading
2	One-Phase Challenge – Swing Trading
3	Two-Phase Challenge – Day Trading
4	Two-Phase Challenge – Swing Trading
5	Instant Challenge – Day Trading
6	Instant Challenge – Swing Trading

*Collectively referred to as: P1’s available group of Accounts

3.1.6 “Drawdown” means the maximum allowable loss (expressed as a percentage of the initial balance) that may occur before the account breaches.

Drawdown rules vary by challenge type and may be static or trailing, as defined in the P1 Service and Product Statement.

3.1.7 “Equity” means the total value of a Trader’s simulated account, including open positions (floating P&L) and closed balance.

3.1.8 “Forbidden Trading Practices” means any trading practices or strategies prohibited whilst using P1 Services.

3.1.9 “GTC” means these General Terms & Conditions of P1.

3.1.10 “Margin Call” means the point at which the simulated equity falls below the required margin threshold, triggering a notification within the Trading Platform.

3.1.11 “Profit” means the positive difference between the current balance of the simulated account (with no open positions) and the initial or scaled balance.

All profits are simulated profits and not derived from real market trading .

3.1.12 “Reward” means the results – based payout calculated according to the rules defined.

3.1.13 “Roll-over Reward” means any unpaid portion of a Reward that remains available as simulated capital and is added to the account balance for continued simulated trading.

3.1.14 “Services” means all services provided by P1 to the Trader under these GTC and/or Trader Terms or as described in the documentation.

3.1.16 “Simulated Account” means any virtual trading account provided by P1 for the purpose of simulated trading.

All trading is simulated and does not involve real financial instruments.

3.1.17 “Spread” means the difference between the bid and ask price quoted for a simulated instrument.

3.1.18 “Trading Platform” means the electronic interface (e.g., MT5) through which the Customer performs simulated trades.

3.1.19 “Virtual Simulated Accounts” means all accounts offered by P1, which rely on simulated market feeds and do not involve real trading or real capital.

3.1.20 “Website” means www.p1prop.com.

4. SERVICES AND INFORMATION

4.1 P1’s obligation under these GTC is to provide the Customer with access to instruments for simulated foreign currency trading in the FOREX and/or CFD market and other simulated financial markets, access to simulated trading accounts (“P1 Accounts”), analytical tools, training and educational materials, and any other accompanying services for Users, enabling the Customer to access and use such services (the “Services”).

The data feed used within the Services is a simulated representation of real market conditions, incorporating P1’s own simulated market depth, spreads, slippage, and execution logic.

P1’s obligation also includes the calculation and payment of results-based financial rewards (“Rewards”).

As part of the Services, P1 shall provide the Customer with access to the electronic interface through which the Customer performs simulated trades in a simulated environment (the “Trading Platform”).

4.2 When using the Services, and in particular when performing simulated trades, the Customer undertakes to act in accordance with these GTC, any applicable third-party terms and conditions, all relevant legal regulations, and any other rules applicable to the Customer based on their jurisdiction of residence.

4.3 P1 shall not provide Services to any Customer who: (i) is a resident and/or national of a Restricted Jurisdiction;

(ii) is incorporated, established, or maintains a registered office in a Restricted Jurisdiction; (iii) is subject to international sanctions;

or (iv) has a criminal record relating to financial crime, fraud, or terrorism.

Restricted Jurisdictions means countries determined as such by P1 and published on our website and are contained within our AML Policy. Without limiting the AML Policy, P1 does not provide Services to residents or nationals of, among others: Afghanistan, Central African Republic, Congo (Brazzaville), Crimea, Cuba, Democratic People’s Republic of Korea (DPRK), Democratic Republic of Congo, Donetsk, Guinea, Haiti, Iran, Iraq, Libya, Mali, Myanmar (Burma), Puerto Rico, Russian Federation, Palestinian Territory, Syria, Somalia, South Sudan, Sudan, Ukraine, United States of America, United States Virgin Islands, Vatican City, Yemen. In addition, any countries on the FATF and EU/UN sanctions lists. This list is not exhaustive and may be updated at any time without prior notice in accordance with prevailing anti-money laundering regulations. Traders are responsible for confirming their own eligibility before using the Services. P1 may deny access or revoke Services at any time where a Trader is found to be in breach of these jurisdictional restrictions.

4.4 The Customer may order the Services through the Website by completing the appropriate registration or order form.

After registration, P1 will email the Customer the login details for the Client Section and/or Trading Platform and enable access.

4.5 All data provided by the Customer through the registration form, order form, Client Section, or otherwise must be complete, accurate, and up-to-date.

The Customer must immediately notify P1 of any changes to their data or update such data directly in the Client Section.

P1 is not obligated to verify the accuracy of the Customer’s data and is entitled to rely on the information provided as correct.

5. TRADER’S OBLIGATIONS

5.1 The Trader shall provide P1 with:

• all necessary cooperation in relation to these GTC and;
• all necessary access to such information as may be required by P1.

5.2 The Trader shall comply with all applicable laws and regulations relating to their activities under these GTC.

5.3 The Trader shall ensure that any authorised users use the Services and Documentation in accordance with these GTC, and the Trader shall be responsible for any breach committed by such authorised users.

5.4 The Trader shall obtain and maintain all necessary licenses, consents, and permissions required for P1, its contractors, and agents to perform their obligations under this Contract, including the provision of the Services.

5.5 The Trader shall ensure that their network, devices, and systems comply with the technical specifications provided by P1 from time to time.

5.6 The Trader is solely responsible for procuring and maintaining their network connections and telecommunications links from their systems to P1’s servers, and for all problems, delays, failures, or losses arising from or relating to such connections or the internet.

6. SYSTEMS ACCESS – USER RIGHTS & OBLIGATIONS

6.1 Subject to the Trader’s compliance with these GTC and any mandatory policies, P1 hereby grants the Trader a non-exclusive, non-transferable right to permit its authorized users to use the Services.

6.2 In relation to authorised users the Trader undertakes that:

6.2.1 The maximum number of authorised users permitted to access the Services shall not exceed the number of user subscriptions granted or purchased

6.2.2 User subscriptions may not be shared between individuals.

6.2.3 Each authorised user shall maintain a secure password for accessing the Services and Documentation, shall change such password at least twice per year, and shall keep the password confidential.

6.2.4 Upon P1’s request, authorised users shall immediately change their passwords and comply with any updated password complexity requirements.

6.2.5 The Trader shall not access, store, distribute, or transmit any viruses or any material that:

• is unlawful, harmful, defamatory, obscene, infringing, harassing, or racially or ethnically offensive;
• facilitates illegal activity;
• depicts sexually explicit images;
• promotes unlawful violence;
• is discriminatory; or
• is otherwise illegal or harmful.

6.3 The Trader acknowledges that they must obtain the necessary technical equipment and software (including third-party software) to access the Trading Platform at their own risk and expense.

6.4 The Website is accessible via commonly used web browsers.

Internet access, equipment, and browser updates are the Trader’s responsibility.

6.5 P1 does not warrant that the Services will be compatible with any specific equipment or software.

6.6 Internet access, equipment, and browser updates remain entirely at the Trader’s risk and expense.

7. LEGAL & REGULATORY

7.1 The Trader acknowledges and accepts the following:

7.1.1 No result or performance provided by P1 to the Customer under this Agreement, including all Services, may be considered investment services or investment activities within the meaning of any applicable financial services legislation.

In particular, P1:

• does not receive or execute trading instructions (directly or indirectly),
• does not provide investment advice, research, recommendations, or analysis,
• does not manage assets for the Customer,
• does not provide brokerage or foreign exchange services,
• does not act as counterparty to any simulated trades.

All trading performed through the Services is simulated only .

7.1.2 The Services do not constitute regulated investment services under Cyprus law or under any comparable regulatory framework.

Accordingly, you are not entitled to investor protections , including but not limited to:

• investor compensation schemes,
• regulatory dispute resolution bodies,
• financial ombudsman protections,
• prudential safeguards applicable to investment firms.

7.1.3 all trading that the Customer performs through the Services is simulated only and that the execution of a simulated trade within the Services provided shall in no way constitute an instruction to trade in real financial markets or with real currency.

7.1.4 P1 is not the counterparty to any trading within any simulated accounts.

At no point, in any of the Accounts will customers trade real financial instruments such as CFDs, Securities, Futures or Commodities.

All simulated trades are fictitious in nature and do not involve the purchase or sale of any financial instruments.

7.1.5 The funds provided to the Customer for simulated trading are not real and that the Customer has no right to deal with them beyond the scope of their use within the Services (in particular that they cannot be used for actual trading), that the Customer is not entitled to withdraw or transfer them, and that P1 does not in any circumstances receive any funds or other assets from, or manage any funds or other assets for, the Customer within the Services;

7.1.6 Customer “rewards” are based on results (simulated profits) in the simulated accounts.

It is P1’s obligation to fulfill payout of amounts due to its customers whether or not simulated trades were replicated by the P1 in the real market.

P1 will make those pay-outs from its own funds which are generated through the collection of registration fees , its own trading and other revenue streams.

Since customers’ simulated trades rely on simulated market feeds and are not executed against actual counterparties, simulated profits may under or over-compensate for the impact, if any, of the certain market factors such as the lack of liquidity.

7.1.7 Performance with P1 is not indicative of trading on real financial markets, and that past performance and simulated gains are neither a guarantee nor an indication of any further performance;

7.1.8 and If the Customer’s access to the Client Section is cancelled – for any reason – the Customer shall lose access to all P1 Accounts, and thus to the Services, without entitlement to compensation.

7.1.9 The Customer hereby acknowledges that the simulated capital has no monetary value and is only a part of the Services provided to the Customer and Customer has no actual right, title or ownership to the simulated capital, and that the P1 has all rights, interest and full ownership to simulated capital (as part of the Services).

7.1.10 The Customer acknowledges that operators of Trading Platforms (e.g., MT5) are independent third parties.

Their own terms and privacy policies apply. P1 bears no responsibility for:

• platform information,
• delays,
• interruptions,
• inaccuracies in market data displayed through the Trading Platform.

7.1.11 We reserve the right, but are not obligated, to limit the sale of our products or Services, including termination of active accounts, to any person who misuses our systems.

This includes the use of expert advisors (EAs) which take advantage and/or jeopardise the backend systems of the Company’s / its technical partners.

This also includes but is not limited to any trading behaviour which aims to benefit from inefficiencies in platform, server or brokerage servers.

These activities can also include, but are not limited to, latency arbitrage trading, long-short arbitrage trading, gap trading, spread arbitrage, reverse arbitrage, and opposite trading between Accounts.

7.1.12 We do not tolerate trading from Servers, VPS, under a VPN or similar strategies, this includes sharing IP(s) between multiple users.

This is because this is common practice for traders to attempt to cheat trading rules with illegitimate strategies.

7.1.13 P1 reserves the right to terminate accounts and restrict access to Services for Customers who breach these clauses.

Terminated accounts:

• are not eligible for refunds,
• are not entitled to compensation,
• forfeit any pending Rewards.

8. P1’S OBLIGATIONS

8.1 P1 shall provide the Services to the Customer with reasonable skill and care, in accordance with these GTC, and other relevant Documentation

8.2 If the Services do not conform with the foregoing undertaking, P1 will, at its expense, use all reasonable commercial endeavors to correct any such non conformance promptly, or provide the Trader with an alternative means of accomplishing the desired performance.

Such correction or substitution constitutes the Trader’s sole and exclusive remedy for any breach of the undertaking.

Notwithstanding the foregoing, P1:

8.2.1 does not warrant that the Trader’s use of the Services will be uninterrupted or

8.2.2 error-free; or that the Services, Documentation and/or the information obtained by the Trader through the Services will meet the Trader’s requirements;

and

8.2.3 is not responsible for any delays, delivery failures, or any other loss or damage resulting from the transfer of data over communications networks and facilities, including the internet, and the Trader acknowledges that the Services and Documentation may be subject to limitations, delays and other problems inherent in the use of such communications facilities.

8.2.4 These Conditions shall not prevent P1 from entering into similar agreements with third parties, or from independently developing, using, selling or licensing documentation, products and/or services which are similar to those provided under these Conditions (or any Trader Terms).

8.2.5 P1 warrants that it has and will maintain all necessary licenses, consents, and permissions necessary for the performance of its obligations under these Conditions.

9. PAYMENT TERMS

9.1 The fee payable for the virtually simulated Challenges are set out in Website.

9.2 All service charges are inclusive of all taxes.

If the Customer is an entrepreneur (trader), he/she is obliged to fulfil their tax obligations in connection with the use of our Services in accordance with applicable law, and in the event of an obligation, he/she are obliged to pay tax or other fees properly.

9.3 You can pay the fee or the selected option of the Challenge by a payment card, via a bank transfer, or using other means of payment, currently available on our Website.

9.4 All fees stated or referred to in these GTC:

a. are non-cancellable and non-refundable after 1 placed trade or 7 days or as otherwise required by applicable consumer laws;

b. are exclusive of value added tax, which shall be added at the appropriate rate.

9.5 P1 reserves the right to unilaterally change the fees and parameters of the Services at any time, including the parameters for their successful completion.

9.6 In the event of payment by a payment card or via any other express payment method, the payment shall be made immediately.

9.7 The fee is considered paid when its full amount is credited to P1’s account.

If you do not pay the amount on time, P1 is entitled to cancel your order.

9.8 The fee for the virtually simulated Challenges varies according to the option selected and depends on the amount of the initial capital, the degree of the acceptable risk, the parameters that must be fulfilled so that the conditions of the Challenge and the subsequent Verification are met.

9.9 The fee is paid for allowing you to access the virtually simulated Accounts, or the Services provided.

The Trader is not entitled to a refund of the fee if, for example, the Trader cancels the Trader’s Client Section or requests the cancellation by e-mail, the Trader terminates the use of the Services prematurely (for example, fails to complete the P1 Challenge or the Verification), fails to meet the conditions of the P1 Challenge or the Verification, or violates these Conditions

9.10 If a Trader initiates an unjustified dispute or chargeback, P1 may immediately suspend or terminate the Services, forfeit any pending Rewards, and deny the Trader access to any future Services at its sole discretion. Any Reward or refund otherwise due may be withheld pending resolution.

10. CLIENT SECTION AND TRADING PLATFORM

10.1 Each Trader is permitted to maintain only one Client Section.

All P1 Services purchased or used by the Trader must be managed exclusively through this single Client Section.

10.2 Unless P1 grants a specific written exception, initial account balances may not be transferred between different P1 products or combined in any way.

10.3 The Trader may not transfer or combine performance results, account parameters, data, or any other information between P1 products.

Each product is independent and must be completed according to its own rules.

10.4 Access to the Client Section and Trading Platform is protected by login credentials.

The Trader must not disclose, share, or otherwise make these credentials available to any third party.

10.5 The Trader is fully responsible for all activities performed through their Client Section or Trading Platform.

P1 bears no responsibility, and the Trader is not entitled to compensation, for any misuse of the Client Section, Trading Platform, or Services, including any negative consequences arising from such misuse, regardless of the cause.

10.6 The Trader acknowledges that the Services may not be available 24 hours per day. Unavailability may occur due to:

• maintenance,
• upgrades,
• technical issues,
• outages,
• third-party platform interruptions,
• or other operational reasons.

P1 bears no responsibility, and the Trader is not entitled to compensation, for:

• unavailability of the Client Section or Trading Platform,
• loss of data or content uploaded, transferred, or stored through the Client Section or Trading Platform.

10.7 The Trader may request cancellation of their Client Section at any time by emailing [email protected].

10.8 The Trader has the right to cancel this Agreement within 7 days of entering into it, without stating a reason, provided that:

• no trades have been placed, and
• cancellation is submitted within the 7-day period via email or post using the contact details provided

The cancellation notice is deemed served at the moment it is sent .

10.9 The maximum total active allocation (account balances) per person is USD 600,000 where no identical accounts are held, and USD 300,000 where identical accounts are held. These limits apply collectively across all evaluation and funded P1 Accounts, regardless of Trading Platform or currency denomination.

10.10 A Trader may hold identical account types and sizes only where all trading rules and Prohibited Practices are followed. Coordinated activity across accounts is prohibited and may result in review of the full case.

10.11 The creation or use of multiple profiles, including additional email addresses or accounts accessed by the same individual, device, IP address, or trading terminal, is strictly prohibited. Any such conduct may result in immediate termination, forfeiture of Rewards, and permanent blacklisting.

10.12 P1 reserves the right to amend these limits at its sole discretion in response to market conditions, identified trading behaviours, or other risk management considerations.

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11. PROHIBITED PRACTICES & STRATEGIES

11.1 All Traders agree to comply with these GTC, the P1 Playbook, the P1 Services & Product Statement, and the Trading Rules published on the Website.

These collectively form a legally binding framework governing the Trader’s conduct and create a legal obligation upon you.

The following practices are strictly prohibited and constitute a breach of these GTC:

• Maximum Drawdown violations
• Daily Loss Limit violations
• Inactivity breaches (30 days for P1)
• High-Frequency Trading (HFT)
• Tick scalping
• Martingale strategies
• Copy trading or mirroring across accounts not owned by the same individual
• Reverse trading between firms or accounts
• Grid trading
• Statistical arbitrage
• Gambling / over-leveraging
• VPN / VPS / datacenter usage
• IP sharing between multiple users
• Hedging across accounts
• Latency arbitrage
• Spread arbitrage
• Gap exploitation
• Any attempt to circumvent P1’s systems or rules

These rules may be updated periodically and are published in the P1 Trading Playbook.

11.2 If a Trader engages in any prohibited practice, P1 may:

• deem the challenge failed,
• remove violating trades from the Trader’s history,
• exclude violating trades from profit calculations,
• close trades/positions automatically
• deny or cancel Rewards,
• immediately terminate all Services and this Agreement.

11.3 If prohibited practices occur across multiple P1 Accounts, across different Customers, or through coordinated activity, P1 may cancel all related Services and terminate all associated agreements.

11.4 P1 reserves the right, at its sole discretion, to determine whether any trade, strategy, or pattern constitutes a prohibited practice.

11.5 P1 may update its Trading Rules and Prohibited Practices at any time.

It is the Trader’s responsibility to remain informed of updates.

11.6 If the Trader engages in any Forbidden Trading Practices, the Trader:

• loses all rights to Rewards,
• may have violating trades removed from their history,
• may have profits excluded from calculations,
• may have their P1 Account cancelled,
• may have leverage reduced on any or all accounts.

11.7 P1 may exercise any of the actions in Clause 11.6 at its sole discretion.

12. ENHANCED DUE DILIGENCE (EDD) & RISK TEAM VERIFICATION

In certain circumstances, P1 may require additional verification to ensure the legitimacy, compliance, and integrity of a Trader’s activities.

This may include, but is not limited to, the following measures:

12.1 Detailed Interviews

P1’s Risk & Compliance Team may conduct a detailed interview with the Trader, which may include a video call or other direct communication.

The purpose of this interview is to:

12.1.1 Verify the Trader’s identity and ensure compliance with P1’s KYC and AML requirements.

12.1.2 Assess the Trader’s understanding of trading practices, strategies, and adherence to P1’s trading rules, including risk parameters, best-day rules, and prohibited practices.

12.1.3 Investigate any unusual, inconsistent, or suspicious trading patterns that may indicate prohibited practices or violations of these GTC.

12.2 Documentation Requests

The Trader may be required to provide additional documentation or evidence to support their trading activities, including but not limited to:

12.2.1 Proof of identity (passport, national ID, or driver’s license).

12.2.2 Proof of residence (utility bill, bank statement, or government correspondence).

12.2.3 Written explanations of trading strategies, methodologies, or trade rationales.

12.2.4 Any other documentation reasonably required to assess compliance.

12.3 Ongoing Monitoring

P1 reserves the right to continuously monitor trading activity and may request clarification or verification at any time during the Trader’s use of the Services.

12.4 Consequences of Non-Compliance

If a Trader fails to comply with the EDD process – including refusing to participate in an interview or provide requested documentation – P1 may:

12.4.1 Suspend or terminate the Trader’s P1 Account. 12.4.2 Exclude specific trades or trading results from Reward calculations.

12.4.3 Cancel any pending payouts or Rewards. 12.4.4 Apply any other measures necessary to protect the integrity of the P1 ecosystem.

All information collected during the EDD process will be handled in accordance with P1’s Privacy Policy and applicable data protection laws.

13. DISCLAIMER – SIMULATED OR HYPOTHETICAL PERFORMANCE

13.1 Unlike actual performance records or live trading, simulated results do not represent real trading.

Because simulated trades are not executed in real markets:

• results may under- or over-compensate for market factors such as liquidity, slippage, volatility, and execution latency;
• simulated performance may differ materially from real-market outcomes;
• leverage magnifies both gains and losses, increasing the volatility of simulated account values.

All trading within P1 is simulated, and no real financial instruments are traded.

14. LIMITATION OF LIABILITY

14.1 The Customer acknowledges that the Services and all related content are provided “as is”, with all faults, defects, and limitations.

Use of the Services is entirely at the Customer’s own responsibility and risk.

To the maximum extent permitted by the mandatory legal regulations, P1 disclaims all warranties – statutory, contractual, express, or implied – including warranties of merchantability, fitness for a particular purpose, accuracy, non-infringement.

14.2 To the extent permitted by mandatory legal provisions, P1 is not liable for any harm including;

• any indirect, incidental, special, punitive, or consequential damages;
• loss of profits, loss of data, personal or other non monetary harm or property damage caused as a result of use of the services or reliance on any instrument, functionality, information, or any other content available in connection with the use of the services or elsewhere on the website.

P1 is not responsible for any products, services, applications or other content of third parties that the customer uses in connection with the services.

In case P1’s responsibility is inferred by a court of justice or any other competent authority in connection with the operation of the website or provision of the services, this responsibility shall be limited to a maximum amount of €10,000 .

14.3 P1 reserves the right to modify, update, replace, or remove any part of the Services at any time without compensation.

14.4 P1 is not responsible for failure to provide Services if that failure occurs due to serious technical or operational reasons beyond P1’s control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection, pandemic, a threat to a large number of people, or any other force majeure event, and/or if P1 is prevented from providing the Services as a result of any obligations imposed by a legal regulation or a decision of a public authority.

14.5 If any employee or representative of P1 provides information that could be interpreted as investment advice, P1 bears no responsibility for such statements.

14.6 P1 bears no responsibility for any trading or investment activity performed by the Customer outside the P1 environment, even if based on:

• simulated data,
• P1 account performance,
• or the same Trading Platform used for simulated trading.

15. PROMOTIONS, DISCOUNTS & SPECIAL OFFERS

15.1 From time to time, P1 may introduce promotional campaigns, discounts, incentive programs, referral schemes, or other special offers (collectively, “Promotions”).

Each Promotion may be subject to its own specific terms and conditions (“Promotion Terms”), which shall apply in addition to these GTC.

15.2 All Promotions and their corresponding Promotion Terms will be published on the Website.

By participating in any Promotion, the Customer agrees to be bound by the applicable Promotion Terms.

15.3 Promotions may vary depending on jurisdiction, regulatory requirements, product type, account type, or specific customer segments.

P1 reserves the right to limit eligibility for Promotions based on geographic location, customer profile, trading history, or other criteria determined at P1’s discretion.

15.4 P1 may modify, suspend, or withdraw any Promotion at any time without prior notice, provided that such modification does not affect rights already accrued by Customers who have validly participated in the Promotion prior to its modification or withdrawal.

15.5 In the event of any inconsistency between these GTC and the Promotion Terms, the Promotion Terms shall prevail for the duration and scope of the specific Promotion.

16. PAYOUTS AND REWARDS

16.1 Rewards are the results-based payout calculated on simulated profits in accordance with these GTC, the P1 Service and Product Statement, and the Payout Policy published on the Website.

16.2 The Trader receives [X]% of eligible simulated profit, as determined by their selected challenge, and P1 retains the remainder, as stated for each account type on the Website.

16.3 A Trader may submit one payout request every 7 calendar days. The cooldown period is calculated from the Trader’s last approved payout. Requests submitted before this period has elapsed will be declined and the cooldown period will reset.

16.4 A payout requires the Trader to have met all applicable conditions, including minimum trading days, minimum account balance, consistency rules, and drawdown rules as defined in the P1 Service and Product Statement.

16.5 All payouts are subject to completed KYC, Enhanced Due Diligence where required, and the AML checks set out in Section 12. P1 pays all Rewards from its own funds. No Reward is due where the P1 Account is breached, terminated, or found to be in violation of these GTC.

17. AFFILIATE PROGRAM

17.1 By registering for the P1 affiliate program and using the affiliate link provided by P1, the Affiliate accepts and agrees to be bound by these GTC and any separate Affiliate Terms published by P1. Use of the affiliate link constitutes unambiguous acceptance of all obligations and restrictions set out herein.

17.2 The Affiliate shall promote P1 Services only through lawful channels, using the unique affiliate link unaltered, and with accurate, unbiased, and non-misleading descriptions. The Affiliate shall not make guaranteed-income or performance claims, shall not use the P1 brand or trademarks without prior written consent, and shall not run paid advertising on P1 brand terms without prior written consent.

17.3 An affiliate Reward becomes payable only where: (i) a user reaches the Website through the valid affiliate link within the attribution window of [30] days; (ii) the user completes a purchase and enters into these GTC; and (iii) the purchase is not cancelled, refunded, or charged back within [14] days. Reward rates are shown in the affiliate area of the Website and may be varied on notice.

17.4 Rewards are paid solely to the Affiliate’s own registered and verified account. Third-party payouts are strictly prohibited. Valid Rewards are processed within [30] days of a valid request. P1 may conduct KYC, Know Your Business, and AML/CFT checks and may withhold or delay payment where identity verification issues or suspicious activity arise. All taxes and statutory charges, including VAT, are the Affiliate’s sole responsibility, and the Reward constitutes full and final compensation.

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17.5 The Affiliate shall not refer themselves or any related party, including but not limited to family members, business partners, or entities in which the Affiliate holds a direct or indirect interest. Accounts purchased under these circumstances remain valid for trading; however, all associated affiliate Rewards are automatically waived and forfeited.

17.6 Where a referred purchase is later refunded, disputed, or charged back, any Reward paid on that purchase becomes immediately repayable and may be deducted from future Rewards.

17.7 Any attempt to circumvent these rules, including the use of multiple accounts, third-party identities, false or artificial traffic, or technical workarounds, may result in the withholding or revocation of all Rewards and termination of the affiliate relationship.

17.8 Where the Affiliate is a legal entity or employs personnel, it guarantees that its employees, agents, or representatives comply with these GTC and applicable laws, act with due skill, care, and professionalism, and remain bound by the same confidentiality obligations.

17.9 P1 may suspend or terminate any Affiliate at its sole discretion, including for conduct that damages the P1 brand, and may pause Rewards during any investigation.

18. DATA AND INTELLECTUAL PROPERTY

18.1 Your personal data is processed in accordance with the P1 Privacy Policy, which forms an integral part of these GTC.

18.2 P1 retain all rights, title, and interest in and to all data generated, collected, or processed through the Services (“Data”), including but not limited to:

• simulated trading data,
• performance metrics,
• account activity,
• platform usage data,
• analytical outputs.

18.3 P1 does not provide storage, backup, or archiving services for any Data.

The Trader is solely responsible for exporting or saving any information they wish to retain.

18.4 P1 shall not be liable for retrieving any Data lost due to:

• system outages,
• account termination,
• Trader error,
• technical issues,
• force majeure events.

18.5 Personal Data Processing

If P1 processes any personal data on behalf of the Trader in connection with the Services, the Parties acknowledge the following:

18.5.1 The Trader is the data controller, and P1 is the data processor.

18.5.2 the Trader acknowledges and agrees that the personal data may be transferred or stored outside the EEA or the country where the Trader and the Authorised Users are located in order to carry out the Services and P1’s other obligations under this Contract;

18.5.3 the Trader shall ensure that the Trader is entitled to transfer the relevant personal data to P1 so that P1 may lawfully use, process and transfer the personal data in accordance with this Contract on the Trader’s behalf;

18.5.3.1. the Trader shall ensure that the relevant third parties have been informed of, and have given their consent to, such use, processing, and transfer as required by all applicable data protection legislation;

18.5.2.2. P1 shall process the personal data only in accordance with the terms of this Contract and any lawful instructions reasonably given by the Trader from time to time;

and ,

18.5.2.3. each party shall take appropriate technical and organisational measures against unauthorised or unlawful processing of the personal data or its accidental loss, destruction or damage.

18.6 Trading Data Access

The Trader acknowledges and agrees that:

• P1 and its affiliates have full access to all simulated trades executed on the Trading Platform;
• P1 may use aggregated or anonymised trading data for internal analytics, risk modelling, product development, and operational purposes;
• The Trader is not entitled to any remuneration or revenue derived from P1’s use of such data.

19. CONFIDENTIALITY, IP PROTECTION & COMPLIANCE WITH POLICIES

19.1 Each Party (“Receiving Party”) may receive or gain access to confidential information belonging to the other Party (“Disclosing Party”).

“Confidential Information” includes all non-public information relating to:

• business operations,
• systems,
• technology,
• trading rules,
• performance data,
• internal processes,
• proprietary methodologies.

19.2 The Receiving Party shall:

• keep all Confidential Information strictly confidential,
• not disclose it to any third party except as permitted under these GTC,
• not use it for any purpose other than fulfilling obligations under these GTC.

19.3 The Receiving Party may disclose Confidential Information to its employees, officers, contractors, or advisors (“Representatives”) only where strictly necessary and only if such Representatives are bound by confidentiality obligations no less strict than those in these GTC.

19.4 The Trader shall take all reasonable steps to ensure that P1’s Confidential Information is not disclosed or misused by its Representatives.

19.5 The Trader acknowledges that:

• details of the Services,
• P1’s systems,
• P1’s trading rules,
• and the results of any performance testing

constitute P1’s Confidential Information.

19.6 The Trader shall not make any public announcement regarding these GTC or their relationship with P1 without P1’s prior written consent, except where required by law.

19.7 The Trader shall not

19.7.1 except where permitted by applicable law which is incapable of exclusion by agreement between the parties:

19.7.2. and except to the extent expressly permitted under these Conditions (and any Trader Terms)

19.7.3. attempt to copy, modify, duplicate, create derivative works from, frame, mirror, republish, download, display, transmit, or distribute all or any portion of the Software and/or Data and/or relevant Documentation (as applicable) in any form or media or by any means;

or

19.7.4. attempt to reverse compile, disassemble, reverse engineer or otherwise reduce to human-perceivable form all or any part of the Software;

19.7.5. leave a public review which is unsubstantiated, not accurate or constructive and is

19.7.6. unnecessarily harmful against the P1 brand.

19.7.7. access all or any part of the Services and Documentation in order to build a product or service which competes with the Services and/or the Documentation; or license, sell, rent, lease, transfer, assign, distribute, display, disclose, or otherwise commercially exploit, or otherwise make the Services and/or Documentation available to and/or provide any services to any third party except the relevant Authorised Users, or

19.7.9. attempt to obtain, or assist third parties in obtaining, access to the Services and/or Documentation, other than as provided under this clause 18.

19.7.10. The Trader shall use all reasonable endeavours to prevent any unauthorised access to, or use of, the Services and/or the Documentation and, in the event of any such unauthorised access or use, promptly notify P1.

19.7.11. The Trader shall not reverse engineer, copy, bug fix, correct, update, transfer, reproduce, republish, broadcast, sell, lease, loan, distribute, create derivative works based on or otherwise modify, in any manner, all or any part of the Services, Data or Documentation.

19.8. The rights provided under this clause are granted to the Trader only and shall not be considered granted to any subsidiary or holding company of the Trader.

19.9. P1’s Website uses cookies to:

• track session activity,
• improve functionality,
• enhance user experience.

By using the Services, the Trader consents to P1’s use of cookies in accordance with the P1 Cookie Policy.

20. VARIATION

20.1. P1 shall in its absolute discretion be entitled to make reasonable variations to these Conditions which shall be in writing and shall be effective, valid and enforceable, immediately upon notification, acceptance or further use of the Services by the Trader or when posted at p1prop.com/terms-and-conditions.

21. ASSIGNMENT

21.1. The Trader shall not, without the prior written consent of P1, assign, transfer, charge, sub-contract or deal in any other manner with all or any of its rights or obligations under this Contract.

21.2. P1 may at any time assign, transfer, charge, sub-contract or deal in any other manner with all or any of its rights or obligations under this Contract.

22. NOTICES & COMMUNICATION

22.1. All communication made by P1 or its partners in connection with the performance of these GTC will take place via the registered e-mail address of the Customer (which was provided by the customer when signing up to a P1 Account – and should this since be formally be changed on our system; then to this new registered email address, which the Customer must notify to P1).

22.2. All communication from the Customer in connection with the performance of these GTC must take place via the following contact e-mail address of P1: [email protected]

22.3. Written communication also includes written electronic communication by email.

23. COMPLAINTS & DISPUTES

23.1. P1 aims to resolve all issues promptly and fairly.

If the Trader wishes to submit a complaint, they must follow P1’s Complaints Procedure:

Step 1 – Resolution

Contact [email protected] or Live Chat.

Step 2 – Formal Complaint

Email [email protected] . P1 will acknowledge receipt within 5 business days and provide a final response within 30 days.

Step 3 – External Resolution

If the Trader remains dissatisfied, the matter may be escalated to the courts of Cyprus, which have exclusive jurisdiction.

23.2 The Trader must provide:

• their full name,
• account details,
• a clear description of the issue,
• supporting evidence,
• and the resolution sought.

23.3 P1 will investigate all complaints impartially and respond in writing.

24. INDEMNITY

24.1 The Trader shall indemnify, defend, and hold harmless P1 against all claims, actions, losses, damages, expenses, and costs (including legal fees) arising from:

• the Trader’s breach of these GTC,
• misuse of the Services,
• violation of applicable laws,
• or use of the Services in a manner inconsistent with P1’s rules.

This indemnity does not apply to losses caused by P1’s fraud or gross negligence.

25. TERM AND TERMINATION

25.1. These GTC are concluded for an indefinite period of time.

These GTC, however, terminate automatically, when the Customer fails to comply with the trading rules and more specifically with the Forbidden Trading practices or one of the Parties terminates this Agreement in accordance with this Clause.

25.2. Either Party may terminate these GTC without specifying any reason by serving a written notice on the other Party, with effect from the date of delivery of the notice.

In such a case, the P1 Account will be cancelled immediately, and all trades will be closed.

25.3. Given that the provision of the Services requires active access of the Trader to the Client Section, these GTC shall also be terminated at the moment when the Trader loses access to the Client Section, irrespective of the reason for such loss.

25.4. Upon termination of this Agreement, the Trader shall return to P1 all documents, instruments, electronic, or other storage media, or any other means lent to the Trader by P1 and containing information about the activities of P1.

The Trader may not make any copies of the means mentioned in the previous sentence.

25.5. If, as a result of a change in legislation or the practice of the relevant supervisory authorities, or as a result of a change in legal interpretation, a need arises to regulate the legal relationship established by these GTC differently from a material or formal point of view, the Customer and P1 undertake to conclude an amendment to this Agreement or to replace this Agreement with a new agreement to meet any such need(s).

If no such agreement is reached or the situation according to the previous sentence does not allow it or a decision of the relevant supervisory authority orders the termination of this Agreement, P1 may withdraw from these GTC with immediate effect.

In such a case, the Trader shall have no claims against P1 due to the termination of the Agreement.

26. ENTIRE AGREEMENT

26.1. These GTC, any appendices or attachments to these GTC collectively with our website, all disclosures, notices and policies, Terms of Use, Trading Rules and our Privacy Policy (all of which can be found on our website) and any other supplementary agreements entered into separately between us are deemed as an integral part of these GTC and shall have the same legal and binding effect.

27. COUNTERPARTS

27.1 . These GTC may be executed in one or more counterparts, which together shall constitute one and the same agreement.

28. GOVERNING LAW & JURISDICTION

28.1 These GTC shall be governed by and constructed in accordance with the laws of the Republic of Cyprus, without regard to conflict-of-law principles.

28.2 The Parties irrevocably agree that the courts of Cyprus shall have exclusive jurisdiction over any dispute arising out of or relating to these GTC, the Services, or the relationship between the Parties.