TERMS AND CONDITIONS OF SPICEPROP
INTRODUCTION
SpiceProp, comprising Spiceprop SL LTD and its affiliates (“We,” “Our,” “Us,” or “Company”), provides simulated proprietary trading services through www.spiceprop.com (the “Site” and “Services”). These Terms and Conditions (“Terms”) govern the legal relationship between Us and Our users (“Customer,” “User,” “You,” or “Your”) when accessing the Site or Services.
These Terms constitute the entire agreement between Us and You. We may amend these Terms at Our discretion, with changes effective upon posting on the Site. You must review these Terms before each use. We may modify Services to adapt to technological advancements, user demand, third-party agreements, or legal, safety, or security requirements.
BY REGISTERING, CLICKING “I AGREE,” OR USING OUR SERVICES, YOU ENTER A LEGAL AGREEMENT WITH US, ACKNOWLEDGE UNDERSTANDING, AND AGREE TO BE BOUND BY THESE TERMS AND OUR PRIVACY POLICY. IF YOU DO NOT AGREE, CEASE USING THE SERVICES IMMEDIATELY.
1. SCOPE AND PARTIES
1.1. These Terms govern Your use of Services provided by Spiceprop SL LTD, registered at Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia, and affiliates SpiceProp HK Limited (7/F MW Tower, 111 Bonham Strand, Sheung Wan, Hong Kong) and SpiceProp SRO (Bucharova 2657/12, 158 00 Prague, Czech Republic), acting as payment facilitators.
2. AGREEMENT FORMATION
2.1. Registering on the Site or using Services (if registration is not required) forms a contract with Us. These Terms are integral to this contract, and Your use signifies acceptance.
3. ELIGIBILITY
3.1. Services are available to individuals aged 18 or older (or the legal age in Your jurisdiction, if higher) and residing where Services are permitted as listed on our website. You confirm eligibility by registering. Use is prohibited if You are under 18 or in a Forbidden Territory. You must ensure compliance with local laws.
4. RESTRICTED USERS
4.1. We may deny or terminate Services for Users who: (i) reside in or are citizens of Forbidden Territories; (ii) are incorporated therein; (iii) are subject to a Sanctions Regime; or (iv) have a criminal record tied to financial crimes or terrorism. Such Users are barred from the User Cabinet and Trading Platform.
5. NATURE OF SERVICES
5.1. Services provide simulated trading tools for FOREX and other markets, analytical resources, educational content, and User Cabinet access. Trades are simulated with real market data but are not executed. Demo funds are fictitious, non-withdrawable, and for Service use only. Profits or losses are not payable unless specified in the Spiceprop Account Agreement.
6. NO INVESTMENT SERVICES
6.1. Our Services are not investment services under applicable law. We provide no trading advice, and Our staff are not authorized to do so. Any perceived advice is disclaimed, and We bear no liability.
7. AML AND KYC/KYB COMPLIANCE
7.1. We comply with Anti-Money Laundering (AML) and Know Your Customer/Business (KYC/KYB) policies. You may need to verify identity with government-issued ID, especially before becoming a Funded User. We may use third-party data for risk assessment and restrict accounts based on updated policies. KYC must be completed within 30 days from the date it was requested, or accounts will be closed without compensation.
8. SANCTIONS COMPLIANCE
8.1. Services are unavailable where prohibited by a Sanctions Regime. You confirm lawful use in Your jurisdiction and accept compliance risks.
9. PROHIBITION OF VPS/VPN DURING KYC
9.1. Using Virtual Private Servers (VPS), Virtual Private Networks (VPN), or similar services to obscure location or identity during KYC/KYB verification is prohibited. Violations may lead to account closure without refund. VPS/VPN services are allowed when trading as long as they are offered by partner providers listed on our website.
10. SERVICE ACCESS AND ORDERING
10.1. Order Services via the Site’s registration or order form. We provide User Cabinet and Trading Platform credentials post-registration.
10.2. Service options include Trial Period (free, limited access), SpiceProp Challenge, and Validation Phase. Trial completion does not guarantee further access.
10.3. Provide accurate, current data in forms or the User Cabinet, updating Us promptly on changes. You are liable for data accuracy.
10.4. Challenge fees vary by capital, risk, and criteria, as listed on the Site. Fees are final upon order, with bespoke terms at Our discretion.
10.5. Fees are non-refundable, even if You cancel, fail, or breach these Terms, unless no trading occurs and a refund is requested within 14 days.
10.6. Unjustified fee disputes (e.g., chargebacks) may result in Service termination and access denial.
10.7. Only one User Cabinet per User is allowed; multiple or shared accounts are prohibited unless approved. Accounts are non-transferable. A client may not have multiple Cabinets unless on different Dashboards for transition purposes.
10.8. Account limits: Black Pepper (1), Sweet/Chilli Pepper (3 each, 6 total), Jalapeno (2), Mini Pepper (1). We enforce limits at Our discretion.
11. PAYMENT CONDITIONS
11.1. Fees are in euros (EUR), convertible to Site-listed currencies at Our rates, displayed pre-confirmation.
11.2. Fees include taxes; You are responsible for Your tax obligations.
11.3. Pay via card, bank transfer, or Site-offered methods. Card payments are immediate; transfers require invoice payment by the due date. You cover transaction fees.
11.4. Third-party payment providers have their own terms; We are not liable for data provided therein.
12. USER CABINET AND TRADING PLATFORM
12.1. One User Cabinet per User hosts all Services. Capital and performance cannot be combined across products.
12.2. Keep login credentials confidential. You are responsible for all Cabinet or Platform activities; We are not liable for misuse due to Your actions.
12.3. Services may be unavailable due to maintenance or issues. We are not responsible for downtime or data loss.
12.4. We may share trading-related content related to Your account and trading activity without Your approval or need for compensation.
13. ONLINE COMMUNICATION AND REPUTATION
13.1. Your online communications (reviews, comments, social media) must not harm Our reputation. Defamatory or false content breaches these Terms.
13.2. Breaches may result in: (i) immediate account termination; (ii) withholding of Rewards or payouts; (iii) legal action for reputational damage.
13.3. Adhering to these guidelines fosters a respectful relationship and fair online environment.
14. DEMO TRADING GUIDELINES
14.1. Trade freely unless engaging in Prohibited Trading Activities (14.3), adhering to market standards.
14.2. We monitor and may share demo trade data with affiliates without compensation. No advice is inferred from Your trades.
14.3. Prohibited Trading Activities:
14.3.1. Forbidden actions include: (a) exploiting system errors; (b) using external feeds; (c) coordinated / group trading; (d) violating terms; (e) using manipulative software; (f) gap trading during events; (g) harmful strategies (e.g., overleveraging); (h) account rolling / hyperactivity.
14.3.2. Services are personal; third-party trading or management is banned.
14.3.3. Apply risk management; excessive trades may be deemed violations at Our discretion.
14.3.4. Hedge trading, including with other clients or between correlated assets (e.g., AUD/USD and NZD/USD), is prohibited to prevent manipulation. Hedging is banned 5 minutes before and after major news releases.
14.4. We reserve the right to ask for source code if third-party software is used by clients. Failure to provide the code might lead to software prohibition and/or Reward rejection.
14.5. VPS/VPN services are allowed from trusted providers listed on our website. Any IP conflicts resulting from usage of un-approved service providers, or any usage of such services meant to deceive Us about personal data, may result in account closure without refund.
14.6. Sharing devices by multiple Users is prohibited unless pre-approved. Deceiving Us about location or device is a breach. We may verify data and, upon violation, close accounts, forfeit Rewards, and share data for compliance. You are responsible for compliance; ignorance is no excuse.
14.7. Violations of 14.3, 14.5, or 14.6 may lead to: (i) Challenge/Validation failure; (ii) trade exclusion; (iii) Service termination; (iv) leverage cuts; (v) withholding of Rewards, refunds, or any other type of compensation.
14.8. Passive trading (e.g., no trades, low-risk trading, or trades under 3 minutes) is prohibited and may lead to payout rejection until sufficient trades are placed, with requirements communicated individually.
14.9. Open loss or cumulative loss on the same asset must not exceed 2% of account balance at any time. Exceeding this limit is a violation and may result in: (i) immediate account termination; (ii) withholding of Rewards, refunds, or any other type of compensation; (iii) account reset; (iv) Challenge/Validation Phase repetition.
14.10. Copy trading between funded accounts is prohibited. Copying from funded to demo accounts is allowed if the funded account is the master account and copying is not used for locking or hedging.
14.11. We reserve the right, at Our sole discretion, to determine whether any trades, practices, strategies, or situations constitute prohibited trading practices. Such determinations may result in actions including, but not limited to, trade exclusion, account termination, Reward forfeiture, or other measures as outlined in these General Terms and Conditions (GTC).
15. CHALLENGE AND VALIDATION PHASES
15.1. Challenge begins with Your first trade post-payment; consumer withdrawal rights end upon trading (Section 19).
15.2. Challenge Criteria: Achieve total profit from closed demo trades of at least:
- Black Pepper: 7.5% of initial capital
- Sweet Pepper: 7.5% of initial capital
- Chilli Pepper: 10% of initial capital
- Mini Pepper: 7.5% of initial capital
15.3. Success in 15.2 grants free Validation access, to be activated within 30 days or renewed within 6 months.
15.4. Validation Criteria: Achieve total profit from closed demo trades of at least:
- Black Pepper: 5% of initial capital
- Sweet Pepper: 5% of initial capital
- Mini Pepper: 5% of initial capital
15.5. Success in 15.4 without breaching Section 14 may lead to a Simulated Funded Account offer, subject to the Spiceprop Account Agreement.
16. SITE AND SERVICE USE
16.1. The Site, Services, and content (“Materials”) are Our property or Our licensors’. You receive a limited, revocable license for personal use. We retain all Intellectual Property rights (Section 22).
16.2. Do not: (a) disrupt Services; (b) bypass restrictions; (c) copy/modify Materials; (d) commercialize Services; (e) reverse-engineer; (f) compete with Us.
16.3. Our trading methods and educational content are confidential. Do not disclose without Our consent, except as legally required, with prompt notice to Us.
17. LIMITATION OF LIABILITY
17.1. Services are “as is,” with no warranties beyond mandatory law.
17.2. We are not liable for indirect damages.
17.3. We may alter Services without compensation.
17.4. We are not responsible for interruptions, delays, or inaccuracies in market or statistical data on the Trading Platform.
18. BREACH CONSEQUENCES
18.1. We may terminate or restrict access for: (a) legal violations; (b) AML/Sanctions breaches; (c) violations of 14.3, 14.5, or 14.6; (d) false data; (e) harmful actions; (f) defamatory communications (13); (g) breaches of funded account rules in the Spiceprop Account Agreement. Actions may include account closure, Reward forfeiture, data sharing for compliance, and legal action for reputational damage.
19. WITHDRAWAL RIGHTS
19.1. Consumers may withdraw within 14 days of contract execution unless trading begins.
19.2. Email withdrawal to support@spiceprop.com; refunds occur within 14 days.
20. SERVICE DEFECTS
20.1. Report defects for remedy or discount; unfixable defects allow withdrawal.
20.2. Complaints must be submitted within 2 days of the event, or they may be rejected.
21. COMMUNICATION
21.1. We communicate via the User Cabinet, Your registered email, or any other official channels specified on our website.
21.2. You agree to be contacted using all contact details provided to Us. You also agree that interviews may be required in exceptional circumstances, such as fraud or breach investigations.
21.3. Contact: support@spiceprop.com or Bucharova 2657/12, 158 00 Prague, Czech Republic.
22. CONFIDENTIALITY OF INDIVIDUAL MATTERS
22.1. Spiceprop.com publishes general policies on its website. Any account-specific communications, arrangements, or resolutions between you and Spiceprop.com are private and must not be disclosed publicly without our written consent. A breach of this obligation shall be considered a material breach of this Agreement.
23. DEFINITIONS
23.1. Key Terms:
- Black Pepper: 1 account per Customer.
- Chilli Pepper: 3 accounts per Customer.
- Client Section: Synonymous with User Cabinet.
- Content: Site, Services, and all related data/multimedia.
- Customer: Individual or entity using Services.
- Customer Support: Our support team.
- Device ID: Unique device identifier.
- Events: Major news or market events (14.3.1(f)).
- Forbidden Trading Practices: Prohibited activities (14.3).
- Funded User: User trading Our capital post-Validation.
- Forbidden Territory: Regions where Services are unavailable (e.g., U.S., Cuba; full list on Site).
- GTC: These Terms.
- Initial Capital: Fictitious demo trading amount.
- Intellectual Property: Patents, copyrights, trademarks, etc.
- Jalapeno: 2 accounts per Customer.
- Mini Pepper: 1 account per Customer.
- Provider: Spiceprop SL LTD and affiliates.
- Rewards: Financial or non-financial benefits, subject to forfeiture.
- Sanctions Regime: U.S., UN, EU, UK sanctions.
- SpiceProp Trader Account: Third-party demo trading account.
- Sweet Pepper: 3 accounts per Customer.
- Trading Platform: Third-party electronic trading interface.
- User Cabinet: Site interface for Service access.
- Website: www.spiceprop.com.
23.2. Abbreviations:
- Calendar Day: Midnight-to-midnight CET/CEST.
- EUR: Euro currency.
- Day: CET/CEST midnight-to-midnight.
