Terms & Conditions

CProp Terms & Conditions

The CloseOption Prop Trading Program, “CProp” is CloseOption’s proprietary binary options trading model designed to evaluate traders’ performance under structured conditions and provide access to funded trading opportunities upon successful completion. Through CProp, participants engage in a multi-stage evaluation process using virtual capital, where they must demonstrate consistency, discipline, and adherence to strict risk management rules before becoming eligible for a funded account and profit-sharing benefits.
This Terms & Conditions section outlines the rules, requirements, rights, and obligations associated with participation in CProp, including evaluation criteria, trading conditions, payouts, risk disclosures, and compliance policies. By accessing or participating in the program, you agree to be bound by the provisions described herein.

General Terms

1. You must be at least 18 years of age and must also be of legal age in your country of residence to purchase, access, or use any CProp service, challenge, evaluation, or funded account. If this requirement is violated, the Company may suspend or terminate the account and block any associated balances, payments, or benefits until legal eligibility is verified.

2. The Company reserves the right to add, amend, modify, suspend, or remove any portion of these Terms and Conditions at any time, including but not limited to rules relating to evaluations, funded accounts, payouts, risk management, privacy, AML/KYC, dispute handling, refunds, or technical requirements. It is your responsibility to review these Terms regularly and remain aware of the current version.

3. The Company reserves the right, at its sole discretion, to refuse, suspend, limit, or terminate membership, participation, or access to any applicant or user, with or without prior notice, where such action is considered necessary for legal, compliance, security, operational, or commercial reasons.

4. You must comply with the laws and regulations of your country of residence. It is solely your responsibility to ensure that participation in binary options trading, simulated trading programs, and proprietary trading evaluations is lawful in your jurisdiction. If you access or use the Services in a jurisdiction where such use is prohibited or restricted, you do so at your own risk and bear full responsibility for all resulting consequences.

5. The Company’s services are intended for evaluation, educational, and simulated trading purposes unless expressly stated otherwise. Evaluation accounts and challenge accounts use virtual balances and are designed to measure trading performance under Company-defined rules. They do not constitute deposit-taking, portfolio management, brokerage, or investment advisory services.

6. All accounts must be registered in your real and legal name. You agree not to submit false, incomplete, or misleading information, including but not limited to name, date of birth, address, country, phone number, email address, payment details, or identification documents. You must promptly notify us of any material changes to your personal information.

7. If another person uses your identity, documents, or account, it may be considered identity theft, identity fraud, or unauthorized access. The Company reserves the right to suspend, block, investigate, or terminate any related account and to request further information or documents at any time.

8. You are responsible for maintaining the confidentiality and security of your account credentials, device access, email account, and any authentication method connected to your profile. Any action taken through your account shall be treated as authorized by you unless proven otherwise. If, for any reason, unauthorized use occurs because you failed to protect your credentials or devices, you remain responsible for any resulting loss or damage.

9. The Company may require identity verification, address verification, likeness verification, source-of-funds information, or additional compliance checks at any stage of the relationship. KYC approval is mandatory before withdrawals are processed. The Company may reject or delay withdrawals until all verification requirements are fully satisfied.

10. Participation in CProp requires payment of a one-time signup fee for the selected challenge or plan. Unless otherwise stated, the signup fee is non-refundable once trading activity has started. If a user purchased the wrong plan but has not yet placed any trade, a plan modification may be requested, subject to Company approval and payment of any price difference.

11. Unless otherwise stated in the relevant plan details, each challenge or evaluation is subject to the profit targets, minimum trading-day requirements, drawdown limits, trading volume consistency requirements, and any other restrictions published on the website, dashboard, checkout page, FAQ, or supporting materials.

12. For the standard two-step evaluation, the profit targets for each step vary depending on the plan/package. Each step also requires a minimum number of trading days (the specific number of days varies by plan). Trading days do not need to be consecutive. A trading day is counted only when at least one trade is closed on that day. Opening a trade on one day and closing it on a later day causes only the closing day to count.

13. Traders are not allowed to achieve more than 30% of the profit target through a single trade. This rule is designed to promote balanced and consistent performance throughout the challenge and to mitigate the risk of over-concentration in one position. Failure to comply with this rule may result in disqualification from the challenge or account termination.

14. Meeting the profit target alone is not enough to pass any step. All requirements must be fulfilled, including the minimum trading-day rule, all drawdown rules, and the Trading Volume Consistency Rule.

15. Under the Trading Volume Consistency Rule, you must maintain consistent daily trading volume based on your highest previous trading day volume. If your daily traded volume increases, that higher amount becomes the new minimum daily trading volume for subsequent qualifying days. If you do not follow this rule during Step 1, your request to progress to Step 2 may be rejected. At the sole discretion of the management team, a one-time replacement account may be granted as a second chance. This second chance is available only once per challenge.

16. The maximum daily drawdown and lifetime drawdown vary depending on the plan/package. For each challenge account, the daily drawdown is calculated based on the day’s starting or highest applicable balance, as outlined in the plan rules. The lifetime drawdown is measured according to the specific structure of your chosen plan, which can be found on the website or dashboard. If either drawdown limit is exceeded, the account will be considered breached and may be terminated immediately.

17. The Company reserves the right to interpret, calculate, and enforce all trading rules, including but not limited to drawdown, volume consistency, trading-day counting, profit targets, inactivity, payout eligibility, and account scaling. The Company’s records, server data, and internal calculations shall prevail in the event of any discrepancy.

18. If you complete all required evaluation phases and receive a funded account, you may become eligible to receive 80% to 95% of the profits generated on that funded account, subject to the applicable payout schedule, compliance approval, and ongoing adherence to all rules. The first withdrawal is generally available 21 days after receiving the funded account, and subsequent withdrawals are generally available every 21 days thereafter. If the account is scaled, the withdrawal cycle may reset.

19. All rules and limitations applicable during the challenge phase, including drawdown limits, trading conditions, volume consistency, conduct rules, and risk management requirements, continue to apply to funded accounts unless expressly stated otherwise.

20. The Company may offer account scaling up to the maximum level announced on the website, subject to performance, discipline, compliance, and continued eligibility. Scaling is not automatic and may be denied, delayed, limited, or revoked at the Company’s discretion.

21. Trading during high-impact news is permitted unless the Company publishes a specific temporary restriction. Weekend trading is permitted only for assets available on weekends, such as supported cryptocurrency pairs. Forex assets may be unavailable when the underlying market is closed.

22. Payouts on binary options are dynamic and may vary depending on asset, volatility, liquidity, provider conditions, execution conditions, and market hours. The Company does not guarantee fixed payout percentages and may adjust payout levels without prior notice.

23. The Company prohibits unfair, manipulative, abusive, deceptive, or exploitative trading behavior. Prohibited conduct includes, without limitation: arbitrage, latency abuse, price-feed exploitation, coordinated or mirrored trading intended to circumvent rules, account sharing, multi-account abuse, use of unauthorized automated systems, external hedging designed to defeat challenge conditions, intentional abuse of technical delays, impersonation, payment fraud, and any conduct intended to game or undermine the evaluation model.

24. The Company may suspend, investigate, or terminate any account involved in suspicious, manipulative, or non-genuine activity. In such cases, the Company may cancel trades, deny progression, deny payouts, void rewards, restrict withdrawals, and permanently ban the user.

25. Multiple accounts may be limited by plan rules and aggregate balance caps published by the Company. The Company may merge, link, review, suspend, or terminate related accounts that it believes are controlled by the same user or group of users in violation of these Terms.

26. The Company may deactivate accounts for inactivity after a period determined by Company policy or the applicable challenge plan. Deactivated accounts may not be recoverable and may not qualify for refunds, payouts, or reinstatement.

27. Prices shown on your device may differ slightly from external brokers or data providers. Execution on the platform is based on Company systems and providers. Visual differences may arise due to latency, network instability, screen refresh timing, third-party feed variation, or other technical factors.

28. If you believe a trade was priced or closed incorrectly, you must submit a formal dispute to support within seven (7) calendar days of the incident, along with all relevant details. Claims submitted after this period will not be processed, and failure to report within that time constitutes acceptance of the trade result and waiver of any related claim. For timely claims, the Company will review the case and respond within a reasonable period, usually one to three working days.

29. In accordance with AML and financial security principles, the Company may require withdrawals to be processed through the same or a corresponding payment method used for deposits, subject to operational and compliance limitations. The Company may request additional documents or refuse a requested payout method where necessary.

30. If funds are sent by the Company and successfully confirmed on the blockchain or payment network, the Company is not responsible for any subsequent delay, restriction, hold, internal review, or lock imposed by an exchange, custodial wallet, payment processor, or other third-party service. This issue may occur with any cryptocurrency transaction and is more commonly encountered with Bitcoin transactions.

31. The Company may suggest the use of non-custodial wallets for cryptocurrency transfers. Such suggestions are provided for convenience only. The Company does not control, endorse, or assume responsibility for the security, operation, or performance of third-party wallets or exchanges.

32. In the event of bankruptcy, insolvency, operational closure, service interruption, or failure of a third-party bank, exchange, payment processor, or wallet provider, the Company shall not be responsible for losses, delays, or inability to recover funds caused by such third party.

33. The Company may use third-party platforms, charting tools, payment processors, cloud providers, communication tools, verification services, analytics tools, and market-data providers. Your use of those third-party services may also be subject to their own terms, conditions, and privacy policies.

34. Nothing in these Terms creates any employment relationship, agency relationship, fiduciary duty, investment mandate, partnership, or joint venture between you and the Company.

35. If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

36. By registering, purchasing, accessing, or using the Services, you confirm that you have read, understood, and agreed to these Terms and Conditions in full.

Risk Warning

37. Binary options trading, proprietary trading challenges, and performance-based funded account programs involve a high level of risk and are not suitable for everyone.

38. Trading binary options requires you to make short-term market predictions in conditions that may be fast-moving, volatile, and psychologically demanding. Even experienced traders may fail under challenging conditions due to strict drawdown limits, time pressure, volume consistency requirements, payout variability, and the emotional stress of performance targets.

39. Participation in CProp or any other prop trading program is highly challenging. Most users will not successfully complete all evaluation phases. Passing a challenge, receiving a funded account, maintaining a funded account, or earning payouts is never guaranteed.

40. You understand and accept that:

    • You may lose some or all of the money paid as signup fees or related payments;
    • Breaching risk rules may result in immediate account termination.
    • A single day of poor performance may invalidate an otherwise profitable evaluation;
    • Simulated success does not guarantee future performance on funded accounts;
    • Funded account access and profit sharing are conditional benefits, not guaranteed rights.

41. You should not participate unless you fully understand the rules, risks, and limitations of the program and are financially and emotionally prepared for the possibility of failure.

42. The Company does not recommend that you use money you cannot afford to lose for challenge purchases, related services, or any real trading activity outside the platform.

43. Past performance, simulated performance, challenge performance, leaderboard rankings, testimonials, examples, and promotional content do not guarantee future outcomes.

Disclaimer

44. The CProp program is provided for evaluation, educational, training, and simulated trading purposes. During the evaluation phase, no live client brokerage account is opened for you, and no investment, brokerage, advisory, or portfolio management service is being provided to you.

45. The Company does not provide investment advice, tax advice, legal advice, portfolio advice, signal services, or individualized recommendations. Any content on the website, dashboard, support channels, emails, tutorials, blog posts, webinars, or promotional materials is general information only and must not be interpreted as investment advice or a recommendation to buy, sell, or hold any financial instrument.

46. All market data, asset prices, payouts, charts, performance metrics, dashboards, calculations, and records are provided on an “as is” and “as available” basis. The Company does not warrant that such information will always be accurate, complete, uninterrupted, timely, or error-free.

47. The Company does not guarantee:

    • Successful completion of any challenge;
    • Receipt of a funded account;
    • Receipt of any payout;
    • Uninterrupted platform access;
    • Continuous availability of any asset, payout level, plan, or feature;
    • Compatibility with your device, browser, or internet connection.

48. The Company shall not be liable for any direct, indirect, incidental, consequential, exemplary, special, or punitive damages arising from or related to:

    • Your use of or inability to use the Services;
    • Technical interruptions, network failures, price-feed delays, or system outages;
    • Third-party platform failures or payment-service failures;
    • Exchange restrictions, custodial-wallet holds, or blockchain congestion;
    • Account suspensions, terminations, or payout denials resulting from rule violations, suspected abuse, or compliance concerns;
    • Losses arising from decisions you make based on your use of the Services.

49. To the maximum extent permitted by law, the Company’s total liability to you for any claim related to the Services shall not exceed the total amount you paid to the Company for the specific service giving rise to the claim.

50. The Company reserves the right to interpret its own rules, evaluate account behavior, request additional information, suspend or deny benefits, and take any action reasonably necessary to protect platform integrity, users, compliance standards, and business operations.

Privacy Policy

51. The Company is committed to protecting your personal information and processing it lawfully, fairly, and transparently.

52. By using the Services, you consent to the collection, storage, use, and sharing of your personal data as described in this Privacy Policy and as otherwise required to deliver the Services, comply with legal obligations, prevent fraud, and protect the platform.

53. The Company may collect and process the following categories of information:

    • Identity information, including name, date of birth, nationality, and government-issued ID details;
    • Contact information, including email address, phone number, and residential address;
    • Billing and payment information;
    • KYC and compliance information, including proof of identity, proof of address, selfies, sanctions screening, and AML/CTF checks;
    • Technical information, including IP address, browser type, device identifiers, cookies, operating system, login history, and usage logs;
    • Trading-related information, including challenge purchases, account metrics, trading behavior, rule-compliance records, payout requests, and support interactions.

54. The Company may use your personal information for the following purposes:

    • To create and manage your account;
    • To provide the Services and process payments;
    • To verify your identity and satisfy KYC/AML obligations;
    • To detect, prevent, and investigate fraud, abuse, chargebacks, money laundering, sanctions violations, security incidents, and prohibited conduct;
    • To communicate with you about your account, purchases, rule changes, technical updates, or support requests;
    • To improve products, user experience, analytics, and platform security;
    • To comply with court orders, legal requests, regulatory requirements, and law-enforcement obligations.

55. The Company may share your information with trusted third parties where reasonably necessary, including payment processors, KYC providers, hosting providers, analytics providers, customer-support systems, legal/compliance advisers, platform providers, and competent authorities where required by law.

56. The Company does not sell your personal data. However, the Company may transfer data in the context of a merger, acquisition, restructuring, asset sale, or business transfer.

57. You are responsible for providing accurate information. If you provide false or outdated information, the Company may suspend or terminate your account and refuse withdrawals or Services.

58. The Company uses reasonable administrative, technical, and organizational security measures to protect your personal data. However, no method of transmission, storage, or online processing is completely secure, and the Company cannot guarantee absolute security.

59. The Company may retain your personal data for as long as necessary to provide the Services, enforce these Terms, resolve disputes, comply with legal, tax, accounting, AML, and recordkeeping obligations, and protect legitimate business interests. Retention periods may continue after account closure where required by law or compliance policy.

60. You may request access to, correction of, or deletion of your personal data, subject to identity verification and any legal or regulatory obligations requiring continued retention. Where deletion is requested, some information may still need to be retained for compliance, fraud prevention, dispute resolution, or legal defense.

61. The website may use cookies and similar technologies to operate the platform, remember preferences, analyze usage, improve performance, and support security functions. By using the website, you consent to such technologies as described in the applicable cookie or privacy notices.

62. The website may contain links to third-party websites or services. The Company is not responsible for the privacy practices, content, or security of any third-party website or service.

63. The Company may update this Privacy Policy from time to time. Continued use of the Services after such updates constitutes acceptance of the revised version.

64. If you do not agree with this Privacy Policy, you must stop using the Services.