Website and Program Terms of Use
These terms of use (“Terms”) were last updated on 15/02/2024
Please read these terms carefully before using our Website (defined at Clause 1.2) and any of our Programs (defined at Clause 3.1). In particular, we draw your attention to clauses 5 (your obligations and restrictions), 7 (disclaimer), 8 (our responsibility to you for loss or damage you suffer) and 13 (cancellation of orders).
FTP London Limited is not authorised or regulated by the Financial Conduct Authority, as it is not providing any regulated products or services by law. The Programs are simulated trading accounts, which allow users to execute simulated trades using simulated funds in a simulated live trading environment. The funds allocated to the simulated trading accounts have no monetary value. Users are not able (at any time) to invest their own funds in order to use the Programs. FTP London Limited does not incite, encourage, or solicit users to invest their own funds with any third parties that offer the Programs.
Part 1 of these Terms always applies when you use the Website and any of our Programs. Part 2 of these Terms applies when you order and purchase any Program.
- PART 1 – GENERAL
- Who we are and how to contact us
- We are FTP London Limited, a company registered in England and
Wales. Our registered office is at 7 Bell Yard, London, England,
WC2A 2JR. Our registered number is 13719292. Our UK VAT registration
number is 413 8673 88 (“FTP”, “we”, “us”, “our”). - You can contact us by:
- email at
[email protected] - post at 7 Bell Yard, London, England, WC2A 2JR;
- telephone on 0333 090 9800; or
- completing and submitting the form on the ‘contact us’ section
of our website at
https://www.fundedtradingplus.com (“Website”).
- email at
- We are FTP London Limited, a company registered in England and
- By using a Program you accept these Terms
- These Terms apply to the individual who accepts these Terms, or the
company or organisation on behalf of which an individual accepts
these Terms (“you”, “your”, “user”). - You will be asked to agree to these Terms prior to submitting your
order to purchase a Program. - By clicking the “I have read and agree to the Terms of Use” button,
you acknowledge that: (a) you have read, understood and agree to
these Terms, (b) you will be legally bound by these Terms and (c)
where you are using a Program on behalf of your company or
organisation, you have the authority to act on behalf of such
company or organisation. - These Terms apply to your use of the Website and all Programs.
- We may amend these Terms from time to time so you should save a copy
of these Terms for your records. We will make every effort to
communicate changes to these Terms in advance by email. - Any changes to these Terms will be effective from the next time that
you access your Account (defined at Clause 4.1 below). If you do not
agree to any changes, please do not continue to use the Program.
Your continued use of a Program shall indicate your acceptance of
any change. - If you have any questions about these Terms (including any changes
we make to these Terms) or technical questions or complaints
relating to the Website or any Program, please contact us using the
contact details at Clause 1.2 above.
- These Terms apply to the individual who accepts these Terms, or the
- Programs
- The programs we offer, which can be accessed via our Website, are
simulated trading accounts which allow users to practice their
trading techniques and strategies by executing simulated trades
using simulated money in a live trading environment
(“Program”). - The Programs do not permit users (at any time) to execute trades in
real financial markets with real funds. - The funds allocated to the simulated trading accounts have no
monetary value. - Users are not able (at any time) to invest their own funds in order
to use the Programs. - The trading platform on which the Programs operate
(“Trading Platform”) is provided by a third party.
The third party’s terms and conditions and privacy policy apply to
your use of the Trading Platform and are available when you access
the Trading Platform. You should read the third party’s terms and
conditions and privacy policy before you first access the Trading
Platform. By using the Trading Platform, you agree to the third
party’s terms and conditions and privacy policy. - Our Website, including the FAQs (https://www.fundedtradingplus.com/faqs-funded-trading) on our Website, sets out the specification and functionality
of each Program and the rules of the Program with which you must
comply (“Program Rules”). - If you wish to purchase a Program which allows you to earn rewards,
you will be required to complete, sign and return to us the
Contractor Research Agreement’ (“Agreement”) we
provide to you (which shall incorporate these Terms). We will grant
you access to the relevant Program once you fulfil our requirements
(which may include providing to us the completed signed Agreement)
and once we have issued the Order Acceptance Email (as defined at
clause 12.2). The terms of the Agreement (and these Terms) shall
apply to your use of such Program. If you do not provide to us a
completed, signed Agreement we may withdraw access to the relevant
Program. - Our Website sets out if a Program requires you to undertake an
Evaluation (defined at clause 3.10). - Our Website sets out the Evaluation rules, including the number of
Evaluations you are required to undertake, when you are required to
undertake the Evaluations and how to complete an Evaluation
(“Evaluation Rules”). - An evaluation comprises of the completion of a test to achieve an
identified profit target in accordance with the Evaluation Rules
(“Evaluation”). - After you have completed an Evaluation, we will determine (in our
sole discretion and acting reasonably) if you have passed or failed
the Evaluation. Our determination is final. You will not pass an
Evaluation if you fail to comply with the Evaluation Rules, if you
fail to use the applicable Program in accordance with the rules for
such Program, if you fail to use the applicable Program and/or your
Account in accordance with these Terms and/or if you use
unauthorised means to pass an Evaluation. - We will notify you by email if you have passed or failed the
Evaluation (“Confirmation Email”). - If you have failed an Evaluation, we will disable your access to the
applicable Program permanently on or after the date on which we send
you the Confirmation Email. - If you have passed all Evaluations of a Program:
- we will disable your access to applicable that Program
permanently on or after the date on which we send you the
Confirmation Email; and - you will have the opportunity to participate in (at no
additional cost) a Program which allows you to earn rewards from
your trades. If you wish to participate in such Program, you
will be required to complete, sign and return to us the
Agreement. On receipt of the completed signed Agreement, we will
grant you access to such Program and these Terms and the terms
of the Agreement (and these Terms) shall apply to your use of
such Program.
- we will disable your access to applicable that Program
- The programs we offer, which can be accessed via our Website, are
- Account
- When we accept your initial order to purchase a Program, we will
create an account and email you the account details and password
(“Account”). - You must ensure that your password is kept secure and confidential
and you must not allow a third party to access your Account. You
must immediately notify us of any unauthorised use of your password
or any other security breach relating to your Account. You are
responsible for any activity on your Account. We are not responsible
for any activity that occurs on your Account including any
unauthorised access of your Account. We cannot reverse any activity
that occurs on your Account, including any activities performed by
an unauthorised third party. It is your sole responsibility to
monitor and control access to and use of your Account and password.
You must take all other actions that we reasonably deem necessary to
maintain or enhance the security of our computing systems and
networks and your access to any Program. - You must not create more than one Account (even if using different
email addresses) without obtaining our prior written consent. See
our FAQs for details of our normal approach.
- When we accept your initial order to purchase a Program, we will
- Your obligations and restrictions
- You are permitted to use any Program solely for the purpose of
practicing your trading techniques and strategies by executing
simulated trades using simulated money in accordance with these
Terms, the Agreement (if applicable), the Program Rules and
Evaluation Rules (if applicable) (“Purpose”). - When using the Website and any Program, you agree not to:
- attempt to undermine the security or integrity of the Website or
Program, or our computing systems or networks of or those of our
suppliers; - use, or misuse, the Program or Website in any way which may
impair the functionality of the Program or Website, or other
systems used to deliver the Program or operate the Website, or
impair the ability of any other user to use the Program or
Website; - attempt to gain unauthorised access to any materials other than
those to which you have been given express permission to access,
or to the computer system on which the Program or Website are
hosted; - transmit, or input into the Program or Website, any files,
content or data that may damage any other person’s computing
devices or software, content that may be offensive, or in
violation of any law; - create links to the Program or Website unless we give you prior
written consent; - attempt to modify, copy, adapt, reproduce, disassemble,
decompile or reverse engineer any computer programs used to
deliver the Program or operate the Website; - access all or part of the Program in order to develop a product
which competes with the Program; - use the Program or Website for any unlawful purpose;
- resell, sublicense or export the software associated with the
Program; - engage or co-operate with any third party to execute trades or
permit any third party to execute trades on your behalf using
your Account; - access another user’s account, trade on behalf of another user,
or manage or operate another user’s account; or - circumvent any technical restrictions.
- attempt to undermine the security or integrity of the Website or
- You are responsible for configuring your information technology and
computer programmes to access and use the Website and any Program.
- You are permitted to use any Program solely for the purpose of
- Intellectual Property rights
- In this Clause 6, “IPR” shall mean any patent,
trade mark, service mark, copyright, moral right, right in a design,
know-how and any other intellectual or industrial property rights,
anywhere in the world whether or not registered. - All IPR contained in and relating to any Program and Website are
owned by or licensed to us. You do not have a right to use any IPR
contained in or relating to any Program and the Website otherwise
than as expressly permitted in these Terms or by law. - You may print or download content from our Website and any Program
for your own personal, non-commercial use or copy the content to
other individuals for their personal information provided that:- no content is modified in any way;
- no graphics are used separately from accompanying text;
- our copyright and trade mark notices appear in all copies and
you acknowledge our Website and/or the relevant Program (as
applicable) as the source of the material; and - the person to whom you provide these materials are made aware of
these restrictions.
- You are under no obligation to provide feedback, improvements or
other suggestions (“Feedback”) relating to any
Program or the Website. If you do so, you acknowledge that:- we are entitled to use such Feedback as we determine in our sole
discretion including but not limited to developing, improving or
modifying any Program and the Website and without
acknowledgement or payment to you; and - we shall own any and all IPR subsisting in or arising in
relation to such Feedback as may be incorporated into future
versions of any Programs and/or the Website.
- we are entitled to use such Feedback as we determine in our sole
- In this Clause 6, “IPR” shall mean any patent,
- Disclaimer
- The Programs are delivered using simulated-live accounts only. All
simulated trades are fictitious in nature and at no point will you
trade in real-world financial instruments, i.e. CFDs, securities, or
commodities. - The Programs do not provide the same experience as trading a live
trading environment using your personal funds, due to the perceived
psychological differences of managing simulated funds, versus
personal real-world funds. - You should consider the financial risk to you before purchasing any
Program. You should only purchase a Program with funds you can
afford to spend. - The price you pay to purchase a Program is not a deposit or
investment. The fee is used towards the administration costs of
servicing the complexities of the simulated-live environment, our
staffing costs, and in the accrual of capital to service payments to
users that earn rewards from their trades. - We do not provide investment or other financial advice or
recommendations. - Your performance is not indicative of trading on real financial
markets. Past performance and demo gains are neither a guarantee nor
an indication of future performance. - You should not rely on, or take (or not take) a decision based on
any information, results, suggestions found on or obtained through
the Website or your use of any Program. - The Website and all Programs are provided on as “as is” and “as
available” basis. - To the fullest extent permitted by law, we make no promises or
warranties of any kind that:- any Program will:
- achieve any intended result or purpose;
- meet your requirements;
- the Website and any Program:
- will always be secure and free from viruses (although we
comply with industry standards and processes to prevent
against the introduction of viruses, malware and malicious
attacks that may harm the Website, any Program or the device
that you use to access the Website or any Program); - and any content on it will always be available or
uninterrupted. We may suspend, withdraw, or restrict the
availability of all or any part of our Website or any
Program from time to time; - will stay the same, as we may change, modify, amend, add to
or remove some or all of the functionality of or content on
any Program or the Website from time to time; - and any content on it will be accurate, error free, complete
or up to date; - will be compatible with all or any hardware and software you
may use; or - any content on them do not infringe a third party’s
intellectual property rights.
- will always be secure and free from viruses (although we
- any Program will:
- We may link to other websites. When we do this, we will try and make
it as clear as possible that you are leaving our Website. We are not
responsible for these websites in any way, and do not endorse them.
You should check the third party’s terms and conditions and privacy
policy when you visit their websites.
- The Programs are delivered using simulated-live accounts only. All
- Our responsibility to you for loss or damage you suffer
- This Clause 8 sets out our entire liability (including any liability
for the acts or omissions of our employees, agents and
sub-contractors) in respect of:- any breach of these Terms;
- any use made by you of any Program and the Website; and
- any representation, statement or tortious act or omission
(including negligence) made by us.
- Subject to the provisions of this Clause 8, our total liability to
you shall not exceed the price you paid for the Program. - Nothing in these Terms excludes our liability for:
- death or personal injury caused by our negligence;
- fraud or fraudulent misrepresentation; or
- any liability which cannot be legally excluded or limited.
- We are only liable to you for losses which you suffer as a direct
result of our breach of these Terms and which are reasonably
foreseeable. - We accept no responsibility or liability whatsoever, for any claims,
costs, losses, expenses or damages you incur (whether direct,
indirect or consequential) if you rely on, or take (or not take) a
decision based on any information, results, suggestions found on or
obtained through the Website or your use of any Program. - If you use the Program for any commercial or business purposes, we
will have no liability to you for any loss of profit, loss of
business, business interruption, or loss of business opportunity. - We have no liability for any information displayed on the Trading
Platform, or for any interruptions, delays or inaccuracies in the
market or statistical data displayed on the Trading Platform.
- This Clause 8 sets out our entire liability (including any liability
- Term, termination and consequences of termination
- We will grant you access to a Program on or after the date on which
we accept your order pursuant to Clause 12.2, until the date:- we disable your access to the applicable Program on a permanent
basis pursuant to Clause 3.13, Clause 3.14(a) or Clause 9.4
below; - we withdraw the Program in its entirety; or
- you cease to make use of your simulated account by placing a
simulated trade for a consecutive period of 30 days.
whichever is the earlier (“Term”).
- we disable your access to the applicable Program on a permanent
- At the end of the Term:
- you shall cease use of the applicable Program;
- we will disable your access to the applicable Program; and
- all trades on the applicable Program will be closed.
- Any provision of these Terms that expressly or by implication is
intended to come into or continue in force on or after the Term
shall remain in full force and effect. - If you breach any of these Terms, the Agreement (if applicable), the
Program Rules and/or Evaluation Rules (if applicable) we reserve the
right to suspend or terminate your Account and you will not be
entitled any payment if we suspend or terminate. We will email you
to let you know if we suspend or terminate your Account.
- We will grant you access to a Program on or after the date on which
- Trading styles and risk management
- FTP may perform a risk review on accounts at any stage of the
process. FTP reserves the right to terminate an account or agreement
or deny a withdrawal request if it is deemed a customer has abused
margin availability on an account or not applied an appropriate risk
management strategy. Such strategies include, but are not limited to
those described below. terminate an account or agreement or deny a
withdrawal request if it’s deemed a customer has abused full margin
availability on an account or not applied an appropriate risk
management strategy. - Prohibited Strategies:
- Displaying insufficient risk management in a way that would not
be an applicable strategy in the real market where the following
hallmarks are most prevalent: - Excessive risk taking in terms of the % of an account risked in
a single simulated-trade; - Excessive cumulative risk taking in terms of the % of an account
risked in a series of overlapping simulated-trades; - Excessive risk taking exacerbated by news events. This relates
to a “Boom or Bust” approach where the success or failure of the
account relies upon one simulated-trade, or a series of
simulated-trades connected to a major news event. - Simulated-trading in such a manner that if conducted in a real
trading environment it would raise substantial concerns that the
relevant broker or institution may suffer real financial harm
resulting from the customer’s risk-taking behaviour. - Simulated-trading which either knowingly, or unknowingly,
exploits errors or delays in pricing feeds including, but not
limited to Arbitrage.
- Displaying insufficient risk management in a way that would not
- FTP reserves the right to vary prohibited strategies from time to
time as it deems appropriate, and to apply its discretion when
applying these terms, without notice. This includes identifying
practices not hitherto included, which nevertheless amount to a
novel abuse of the platform. - FTP may apply any of the below, either in isolation or multiples, in
response to account activity that falls within the behaviours listed
in 10.2: - Where behaviours listed in 10.2 have been identified during
a review of an Evaluation pass; during the “FT+ Trader Phase”;
and/or at the point of a withdrawal of simulated-profit, this may
lead to the forfeiture of the account pass, or in cases of attempted
withdrawal of simulated-profit, may lead to the forfeiture of any
and all simulated-profit, at FTP sole discretion. Should this be the
case there may be no refund for services already rendered by FTP. - FTP disclaims to its customers that undertaking any trading, whether
simulated or otherwise, on its platform or elsewhere may not be
profitable. Please review our Disclaimers in full prior to
participation. FTP makes clear that performance in a simulated
environment is not indicative of like-performance in real financial
markets. Do not use results obtained within FTP’s platform to inform
choices to trade in real markets at any point. Hypothetical
performance results are not indicative of future performance and may
lead to significant financial harm should you engage in real
trading, in real markets. FTP offers simulated-live conditions only. - Tick-scalping or other abusive trading practices that take an unrealistic advantage of simulated trading conditions that would not be possible in real market trading.
- FTP may perform a risk review on accounts at any stage of the
- BUSINESS DISRUPTION
- In the event of a significant disruption in service e.g. a trading
platform becomes unavailable, and you are currently in the ‘FT+
Trader’ phase, all simulated-live balances shall be frozen until
such time as they can be transferred to a future available trading
platform. The equity or balance of an account may be ‘snapshotted’
at the earliest convenience of FTP. Any active/open trades or closed
trades on an account may be closed or cancelled at the earliest
convenience at FTP’s sole discretion. In this circumstance, FTP is
not liable for any simulated-losses or simulated-gains made on
accounts and FTP does not need to apply any credits or adjustments
to balance or equity on an account that may have been made or lost
from the mentioned active/open trades. - In the event of a significant disruption in service e.g. a trading
platform becomes unavailable and you are participating in in an
Evaluation program- FTP will transition you to an alternative trading platform,
including identical metrics e.g. drawdown levels. - Offer alternative options at FTP’s sole discretion.
- FTP will transition you to an alternative trading platform,
- In the event of a significant disruption in service e.g. a trading
- Our Privacy Policy and Cookies Policy
- For more information on how we collect and use your personal data in
relation to your use of any Program, please see our
Privacy Policy. - For more information about the type of cookies used on our Website
and how you can set your cookie preferences, please see our Cookies
Policy.
- For more information on how we collect and use your personal data in
- Other important terms
- You may not transfer any of your rights under these Terms to any
other person, company or organisation. - We may transfer our rights under these Terms to another company or
organisation or ask another company or organisation to fulfil any of
our obligations under these Terms. We will always tell you in
writing if this happens and we will ensure that the transfer will
not affect your rights. - Only you and we have rights under these Terms. No other person,
company or organisation shall have any rights under these Terms. - This Agreement is governed by English law.
- If you are a company or organisation, you must bring legal
proceedings in the English courts. - If you are a consumer, (i.e. you are not purchasing a Program in the
course of its business, trade or profession), you can bring legal
proceedings:- in the English courts;
- in either the Scottish or the English courts if you live in
Scotland; and - in either the Northern Irish or the English courts if you live
in Northern Ireland.
- You may not transfer any of your rights under these Terms to any
- Who we are and how to contact us
- PART 2 – ORDERS
- This Part 2 applies to your order and purchase of any Programs.
- Orders and contracts
- You can place orders to purchase any Programs on our Website.
- Only individuals that are at least 18 years of age are permitted to
purchase a Program as described in these Terms. By submitting an
order, you confirm that you are at least 18 years of age. - When you submit an order on the Website, we will send you an email
to confirm receipt of your order. Your order is only deemed accepted
after we have sent you a further email stating your order number and
confirming receipt of your payment
(“Order Acceptance Email”). When we send you the
Order Acceptance Email, you will have entered into a contract with
us incorporating these Terms and the Agreement (if applicable) to
access and use the Program you have ordered. - We are under a legal duty to ensure all Programs we provide: (a)
conform to their specification and functionality as set out on the
Website and (b) meet all legal requirements, at the time of your
purchase. - You must keep your contact details in your Account up-to-date so
that we can contact you about your order and your Account. - If there is an error in relation to your order, please email us as
soon as possible at [email protected]. - We may reject any order without giving a reason.
- Cancellation of orders
- If you are a consumer, (i.e. you are not purchasing a Program in the
course of your business, trade or profession), then you may cancel
your order without giving any reason by:- writing to us at the email or postal address at Clause 1.2, or
completing and returning the cancellation form at the end of
these Terms by email or post (“Cancellation Notice”). If you
cancel using the cancellation form, we will acknowledge receipt
of the cancellation form by email; and - sending us the Cancellation Notice within 14 days from the date
of the Order Acceptance Email (“Cancellation Period”).
- writing to us at the email or postal address at Clause 1.2, or
- If you have made use of any Program within the Cancellation Period,
you will not have a right to cancel your order. - If you cancel your order in accordance with this Clause 13, we will
reimburse you the payments we have received from you in relation to
your order. We will reimburse you without undue delay, and no later
than 14 days after the date we receive the Cancellation Notice. We
will reimburse you using the same means of payment as you used for
the initial transaction, unless you have expressly agreed otherwise.
You will not incur any fees as a result of the reimbursement.
- If you are a consumer, (i.e. you are not purchasing a Program in the
- Price
- We will charge you a fee for any Program you purchase.
- Our charges for all Programs are set out on our Website. We may vary
our charges from time to time, however any changes in our fees will
not apply to any orders which we have accepted. - All prices on our Website are exclusive of VAT. Where applicable for
your region, VAT (or sales tax) at the appropriate rate will be
applied to your order at the time of purchase.
- Payment
- You must pay for your order in advance and in cleared funds.
- You may pay for your order:
- using your credit or debit card; or
- using such e-wallets or e-money or crypto-currencies as are
accepted on the Website from time to time.
- You have to enter your chosen payment method and details when you
submit your order. By completing your payment details, you confirm
that the method of payment being used belongs to you. - Your credit or debit card account will be debited with the cost of
your order on submission of your order. - All payments are subject to the approval of the financial
institution issuing your credit/debit card or the provider of the
e-money or an e-wallet. We will not be responsible if the payment
fails credit verification or if such financial institution or
provider refuses to accept or honour the payment for any reason. - We may report any suspicious transactions to the relevant
authorities. - Please note that it can take 2 to 3 days (excluding weekends and
bank holidays) to process your payment. We will tell you if we incur
any issues obtaining approval for the payment. This may cause a
delay in accepting your order and we will not be able to accept your
order until we have received payment.
- Orders and contracts