TERMS AND CONDITIONS OF SPICEPROP

INTRODUCTION

SpiceProp, comprising Spiceprop SL LTD and its affiliates (“We,” “Our,” “Us,” or “Company”), is a technology provider offering a range of services through the website www.spiceprop.com (the “Site” and “Services”). These services primarily facilitate simulated proprietary trading and related tools. These Terms and Conditions (the “Terms”) govern the legal relationship between Us and Our users (“Customer,” “User,” “You,” or “Your”) when You access the Site, use the Services, or interact with Us in any manner.

These Terms define the entirety of Our relationship with You. We may amend these Terms at Our sole discretion, with changes effective immediately upon posting on the Site. It is Your responsibility to review these Terms before each use of the Services. As part of Our ongoing enhancement of the Services, We may add or remove features, introduce new offerings, or discontinue existing ones to: (i) adapt to technological advancements; (ii) respond to user demand shifts; (iii) align with third-party agreements; (iv) prevent abuse or harm; or (v) comply with legal, regulatory, safety, or security requirements.

BY REGISTERING, CLICKING “I AGREE,” “ACCEPT,” OR SIMILAR, OR BY ACCESSING OR USING OUR SERVICES, YOU ACKNOWLEDGE THAT YOU OR THE ENTITY YOU REPRESENT ARE ENTERING A LEGAL AGREEMENT WITH US, HAVE UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS, INCLUDING OUR PRIVACY POLICY. IF YOU DO NOT AGREE WITH ANY PROVISION HEREIN, YOU MUST IMMEDIATELY CEASE USING THE SERVICES.

 

SECTION A: PRELIMINARY PROVISIONS

A1. Scope and Parties
These Terms regulate Your rights and obligations when utilizing Services provided by Spiceprop SL LTD, registered at Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia, and its 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.

A2. Agreement Formation
Registering on the Site or initiating Service use (if registration is not required) establishes a contract with Us for Your selected Services. These Terms form an integral part of this contract, and Your engagement signifies acceptance.

A3. Eligibility Criteria
Services are available only to individuals aged 18 or older (or the legal age in Your jurisdiction, if higher), residing in regions where the Services are permitted. By registering, You confirm Your eligibility. You may not use the Services if under 18 or from a Forbidden Territory (defined in Section R). You are responsible for ensuring Your use complies with local laws.

A4. Restricted Users
We will not provide Services to Users who: (i) are citizens of or reside in Forbidden Territories; (ii) are incorporated or registered therein; (iii) are subject to a Sanctions Regime; or (iv) have a criminal record tied to financial crimes or terrorism. We may refuse or terminate Services to such Users, barring access to the User Portal and Trading Platform.

A5. Nature of Services
The Services offer simulated trading tools for the FOREX market and other instruments, alongside analytical resources, educational content, and access to the User Portal. Trades are simulated using real market data but are not executed in reality. Demo funds are fictitious, non-withdrawable, and limited to Service use. No profits or losses from simulated trading are payable unless explicitly agreed.

A6. No Investment Services
Our Services are not investment services under applicable law. We provide no trading advice or recommendations, and Our staff are not authorized to do so. Any perceived advice is disclaimed, and We bear no liability therefor.

A7. AML and KYC/KYB Compliance
We adhere to Anti-Money Laundering (AML) and Know Your Customer/Business (KYC/KYB) policies. You may undergo identity verification, including submission of government-issued ID, particularly before becoming a Funded User. We may use third-party data to assess risks and reserve the right to restrict previously approved accounts based on updated policies.

A8. Sanctions Compliance
Services are unavailable where prohibited by a Sanctions Regime (defined in Section R). You confirm Your use is lawful in Your jurisdiction, accepting all compliance risks.

A9. Prohibition of VPS/VPN During KYC Verification
The use of Virtual Private Servers (VPS), Virtual Private Networks (VPN), or similar services that obscure Your true location or identity is strictly forbidden during the KYC/KYB verification process. Detection of such use may result in immediate account closure without refund, as it undermines Our ability to verify Your identity and comply with AML regulations.

 

SECTION B: SERVICE ACCESS AND ORDERING

B1. Ordering Process
Order Services via the Site’s registration or order form. Post-registration, We email User Portal and Trading Platform credentials.

B2. Service Variants
Options include the Trial Period (free, limited access), SpiceProp Challenge, and Validation Phase, differing in scope. Trial completion does not guarantee further access.

B3. Data Accuracy
Provide accurate, current data via forms or the User Portal, updating Us promptly on changes. You are liable for data integrity; We do not verify it.

B4. Challenge Fees
SpiceProp Challenge fees vary by initial capital, risk tolerance, and performance criteria, detailed on the Site. Fees are final upon order submission, with bespoke terms possible at Our discretion.

B5. Non-Refundable Fees
Fees secure Challenge access and are non-refundable, even if You cancel, fail, or breach these Terms, unless no trading occurs and a refund is requested within 14 days.

B6. Payment Disputes
Unjustified fee disputes (e.g., chargebacks) may result in Service termination and future access denial.

B7. Account Restrictions
Only one User Portal per User is allowed; multiple or shared accounts are prohibited unless We approve otherwise. Accounts are non-transferable.

B8. Account Limits
Account limits are as follows: 

• Black Pepper: 1 account. 
• Sweet Pepper/Chilli Pepper: 3 accounts each (6 in total). 
• Jalapeno: 2 accounts. 
• Mini Pepper: 1 account.
  SpiceProp reserves the right to enforce these limits at its discretion.

 

SECTION C: PAYMENT CONDITIONS

C1. Currency Options
Fees are in euros (EUR), convertible to Site-listed currencies at Our rates, displayed pre-confirmation.

C2. Tax Responsibility
Fees include taxes; Users must meet their tax obligations.

C3. Payment Methods
Pay via card, bank transfer, or Site-offered options. Card payments are immediate; transfers require invoice payment by the due date. You cover all transaction fees.

C4. Third-Party Payments
Third-party payment sites govern their own terms; We are not liable for data You provide therein.

 

SECTION D: USER PORTAL AND TRADING PLATFORM

D1. Access Rules
One User Portal per User hosts all Services. Capital and performance cannot be combined across products.

D2. Security
Keep login credentials confidential. You are responsible for all Portal or Trading Platform activities; We are not liable for misuse due to Your actions.

D3. Availability
Services may be unavailable due to maintenance or issues. We are not responsible for downtime or data loss.

D4. User Content
You may share trading-related content on the User Portal, granting Us a perpetual, royalty-free license to use it. Content must be lawful, owned by You, and free of malware or privacy violations. We may remove violating content without notice.

D5. Guidelines for Online Communication and Reputation Protection
D5.1. You agree to ensure that all online communications, including reviews, comments, and social media posts, are conducted in a manner that does not harm SpiceProp’s image or reputation. Any defamatory remarks, false accusations, or disparaging content aimed at SpiceProp constitute a breach of these Terms.
D5.2. In the event of such a breach: (i) SpiceProp reserves the right to terminate Your account and Services immediately; (ii) any pending Rewards, payouts, or other financial entitlements will be withheld as compensation for reputational damage; (iii) SpiceProp retains the right to pursue additional measures, including legal action, to seek compensation for the harm caused to its reputation.
D5.3. By adhering to these guidelines, You help maintain a respectful and professional relationship with SpiceProp while fostering a positive and fair online environment.

 

SECTION E: DEMO TRADING GUIDELINES

E1. Trading Rules
Trade freely unless engaging in Prohibited Trading Activities (E6), adhering to market standards.

E2. Data Use
We monitor and may share demo trade data with affiliates without compensation. No advice is inferred from Your trades.

E3. Prohibited Trading Activities
E3.1. Forbidden actions include: (a) exploiting system errors; (b) using external feeds; (c) coordinated trading; (d) violating terms; (e) using manipulative software; (f) gap trading during events; (g) harmful strategies (e.g., overleveraging).
E3.2. Services are personal; third-party trading or management is banned.
E3.3. Apply risk management; excessive trades may be deemed violations at Our discretion.
E3.4. Hedge trading, including hedging with other clients of SpiceProp, clients of other firms, or between correlated assets (e.g., pairs like EUR/USD and USD/CHF), is prohibited. This includes any strategy designed to offset risk across accounts or markets in a manner that manipulates performance metrics or circumvents evaluation criteria.

E4. Automated Trading Software
Notify Us and gain approval for custom software use. Third-party software is prohibited; You indemnify Us for any IP claims.

E5. VPS/VPN Usage During Trading
You may use Virtual Private Servers (VPS), Virtual Private Networks (VPN), or similar services during trading only if You ensure all associated data (e.g., IP addresses, device IDs, and other identification markers) remains unique to Your account. This is Your responsibility to prevent account sharing and comply with AML regulations. All Users must trade from their own devices with unique IPs. Failure to maintain unique identification data may result in account closure for fraud prevention, with no refunds issued.

E6. Sharing of Devices, IP Addresses, and Location Deception
E6.1. The use of the same device or IP address by multiple Customers is strictly prohibited unless explicitly pre-approved by SpiceProp. Furthermore, any attempt to mislead or deceive SpiceProp regarding Your location, IP address, or the device used to access accounts or perform trades is a serious breach of these Terms.
E6.2. SpiceProp reserves the right to verify the IP address, Device ID, and location associated with account activity. If any violation or deceptive behavior is detected, regardless of Your awareness of the breach, We may take corrective actions, including but not limited to: (i) immediate closure of the affected accounts; (ii) forfeiture of any associated Rewards, entitlements, or refunds; (iii) sharing relevant data with third parties as required by compliance or investigative procedures.
E6.3. It is Your responsibility to ensure full compliance with these requirements. Ignorance of these rules or unintentional breaches will not exempt You from accountability or the application of corrective measures.

E7. Penalties
Violations of E3, E5, or E6 may lead to: (i) Challenge/Validation failure; (ii) trade exclusion; (iii) Service termination; (iv) leverage cuts.

 

SECTION F: CHALLENGE AND VALIDATION PHASES

F1. Challenge Activation
Begins with Your first trade post-payment; consumer withdrawal rights end upon trading (Section L).

F2. Challenge Criteria

SpiceProp Black Pepper	SpiceProp Sweet Pepper	SpiceProp Chilli Pepper	SpiceProp Mini Pepper
5.5% daily based on equity	5.5% daily based on equity	5.5% daily based on equity	5.5% daily based on equity
+ 11% in total based on balance	+ 11% in total based on balance	+ 11% in total based on balance	+ 11% in total based on  balance

Customer is in total profit from all closed demo trades amounting to at least the percentage of the initial capital for the respective option as described below: 

SpiceProp Black Pepper	SpiceProp Sweet Pepper	SpiceProp Chilli Pepper	SpiceProp Mini Pepper
7.5% of initial capital	7.5% of initial capital	10% of initial capital	7.5% of initial capital

F3. Validation Phase
Success in F2 grants free Validation access. Activate within 30 days or request renewal within 6 months.

F4. Validation Criteria

SpiceProp Black Pepper	SpiceProp Sweet Pepper	SpiceProp Mini Pepper
5.5% daily based on equity	5.5% daily based on equity	5.5% daily based on equity
+ 11% in total based on balance	+ 11% in total based on balance	+ 11% in total based on  balance

Customer is in total profit from all closed demo trades amounting to at least the percentage of the initial capital for the respective option as described below: 

SpiceProp Black Pepper	SpiceProp Sweet Pepper	SpiceProp Mini Pepper
5% of initial capital	5% of initial capital	5% of initial capital

 

F5. Funded User Stage
Success in F4 and no E3, E5, or E6 breaches, may lead to a Simulated Funded Account offer, subject to additional terms.

 

SECTION G: SIMULATED FUNDED ACCOUNT PROGRAM

G1. Offer Terms
Successful Users may trade Our capital, with risk parameters applied at Our discretion. Acceptance is not guaranteed.

 

SECTION H: SITE AND SERVICE USE

H1. Intellectual Property
The Site, Services, and all content (“Materials”) are Our property or Our licensors’. You receive a limited, revocable license for personal use. We retain all Intellectual Property rights (defined in Section R).

H2. Restrictions
Do not: (a) disrupt Services; (b) bypass restrictions; (c) copy or modify Materials; (d) commercialize Services; (e) reverse-engineer; (f) compete with Us.

H3. Confidentiality
Our trading methods and educational content are confidential. Do not disclose without Our consent, except as legally required, with prompt notice to Us.

 

SECTION I: LIMITATION OF LIABILITY

I1. As-Is Services
Services are “as is,” with no warranties beyond mandatory law.

I2. Damage Limits
We are not liable for indirect damages; liability is capped at Your last month’s fees or €100.

I3. Modifications
We may alter Services without compensation.

I4. Data Interruptions and Inaccuracies
SpiceProp is not responsible for interruptions, delays, or inaccuracies in market or statistical data displayed on the Trading Platform.

 

SECTION J: BREACH CONSEQUENCES

J1. Termination for Cause
We may terminate or restrict access for: (a) legal violations; (b) AML/Sanctions breaches; (c) E3, E5, or E6 violations, including use of VPS/VPN during KYC verification, non-unique IP/device data during trading, or sharing devices/IPs and location deception; (d) false data; (e) harmful actions; (f) D5 violations involving defamatory or disparaging online communications. In such cases, SpiceProp reserves the right to: (i) cancel accounts involved in forbidden practices; (ii) terminate agreements associated with violations; (iii) notify third-party providers of breaches, which may lead to cancellations by those providers; (iv) withhold any pending Rewards, entitlements, or refunds; (v) pursue additional measures, including legal action, for reputational damage. Such closures may occur without notice or refund to prevent fraud, and We may share relevant data with third parties as required by compliance or investigative procedures.

 

SECTION K: COMMUNICATION

K1. Methods
We use the User Portal or Your registered email.

K2. Contact
Email: [email protected]; Address: Bucharova 2657/12, 158 00 Prague, Czech Republic.

 

SECTION L: WITHDRAWAL RIGHTS

L1. Consumer Withdrawal
Withdraw within 14 days of contract execution unless trading begins.

L2. Process
Email [email protected]; refunds occur within 14 days.

 

SECTION M: SERVICE DEFECTS

M1. Claims
Report defects for remedy or discount; unfixable defects allow withdrawal.

 

SECTION N: TERMS AMENDMENTS

N1. Changes
We may amend Terms with 7 days’ notice; reject by email to terminate.

 

SECTION O: DISPUTE RESOLUTION

O1. EU Consumers
Use Czech Trade Inspection or https://ec.europa.eu/consumers/odr.

 

SECTION P: LEGAL FRAMEWORK

P1. Governing Law
Czech law applies; disputes fall under Czech courts per Our Prague office.

 

SECTION Q: CONTRACT TERM

Q1. Duration
Ends upon Challenge/Validation outcome or inactivity (30 days).

 

SECTION R: DEFINITIONS

R1. Key Terms 

• “Black Pepper”: A SpiceProp account type limited to 1 account per Customer. 
• “Chilli Pepper”: A SpiceProp account type limited to 3 accounts per Customer. 
• “Client Section”: Synonymous with User Portal, referring to the user interface located on the Website. 
• “Content”: The Website and all Services, including the User Portal, their appearance, and all applications, data, information, multimedia elements such as texts, drawings, graphics, design, icons, images, audio and video samples, and other content that may form the Website and Services. 
• “Customer”: Synonymous with User, meaning any individual utilizing the Services as outlined in Section A1. 
• “Device ID”: A unique identifier assigned to a device used to access the Services or Trading Platform. 
• “Events”: Specific occurrences related to gap trading during high-impact market events, as referenced in E3.1(f). 
• “Forbidden Trading Practices”: Trading practices strictly prohibited while using Our Services, detailed in Section E3. 
• “Funded User”: A User who has successfully completed the Validation Phase and is offered the opportunity to trade Our capital. 
• “Forbidden Territory”: Regions where Services are unavailable, including but not limited to the U.S., Cuba, Iran, etc. (full list on Site). 
• “GTC”: These General Terms and Conditions of SpiceProp. 
• “Initial Capital”: A fictitious amount chosen by the Customer when selecting the SpiceProp Challenge option, used for demo trading. 
• “Intellectual Property”: Patents, copyrights, trademarks, trade secrets, and other proprietary rights as detailed in Section H1. 
• “Jalapeno”: A SpiceProp account type limited to 2 accounts per Customer. 
• “Mini Pepper”: A SpiceProp account type limited to 1 account per Customer. 
• “Provider”: Spiceprop SL LTD and its affiliates, responsible for delivering the Services as outlined in Sections A1 and A5. 
• “Rewards”: Financial or non-financial benefits, payouts, or entitlements earned through the Services, subject to forfeiture under Sections D5 and J1. 
• “Sanctions Regime”: Economic, financial, or trade sanctions imposed by the U.S., UN, EU, UK, etc., as referenced in Section A8. 
• “SpiceProp Trader Account”: A trading account linked to the SpiceProp Trader program, provided by a third-party provider for demo trading purposes. 
• “Sweet Pepper”: A SpiceProp account type limited to 3 accounts per Customer. 
• “Trading Platform”: An electronic interface provided by a third party in which the Customer performs demo trading. 
• “User Portal”: The Site interface providing access to Services and account management. 
• “Website”: www.spiceprop.com, the primary platform hosting the Services.

R2. Abbreviations 

• “Calendar Day”: The period from midnight to midnight, based on the time currently valid in the Czech Republic (Central European (Summer) Time, CE(S)T). 
• “EUR”: Euro, the currency used for fees and transactions as outlined in Section C1. 
• “Day”: CET/CEST midnight-to-midnight, as used in trading criteria (e.g., Sections F2, F4).

Effective Date: January 1, 2025