The Prop Trader Challenge, (「Challenge」), was launched by Monster Trading Academy in conjunction with the TOPONE Markets trading platform.

By applying to participate in a challenge, the investor agrees to abide by all of the following rules. The Platform, as the initiator and provider of the Challenge, reserves the right to modify or cancel the Challenge at any time with prior notice.

For any terms not defined in these Rules, please refer to the Product Disclosure Statement of the Platform or the Investor Contract for the definition of the relevant terms.

The Platform will, at its sole discretion, offer this Challenge to eligible investors as determined by the Company, hereinafter referred to as 「Investors」. Eligible Investors must fulfill the following criteria:

• - Complete personal profile;
• - Identity verification;
• - Be at least 18 years old.

Demo Fund Challenge

• 1. Complete the registration;
• 2. Initial funding options (required enrollment fees):
• $10,000 ($150) | $20,000 ($200) | $50,000 ($350) | $100,000 ($550) | $200,000 ($1,000)
• 3. Pay the challenge enrollment fee:
• Each participation in the Demo Fund Challenge requires a one-time enrollment fee to obtain a Demo Fund Account and officially participate in the Challenge.
• 4. Start the challenge:
• Upon successful payment of the challenge enrollment fee, the investor will be able to open a Demo Fund Challenge and trade through the Demo Fund Account.
• Please note that during the profit spliting stage of a Demo Fund challenge, the amount of funds in the profit spliting account is required to be the same as the initial amount of funds in the challenge.

Free Trial

• 1. Complete the registration;

• 2. Start the challenge:

• With a fixed $10,000 Demo Fund, investors can experience free trading challenges for a 30-day trial period, with a maximum of 3 free trials per account. The free trial is designed to provide investors with an in-depth understanding of the challenge process and rules. Please note that even if the challenge is successful, the investor will not receive the trading funds in the profit split account.

Target Trading Days

• In the Trading Challenge stage, the target number of trading days is 4, which means that there must be at least 4 trading days to open or maintain an existing position. Please note! The profit split stage is not subject to this rule.

Profit target

• During the Trading Challenge stage, the profit target is set at 10% of the initial funds in the account.
• Example: If an investor's Challenge Initial Capital is $10,000, then the Profit Target would be $1,000 (10%).
• Please note! The profit split stage is not subject to this rule and investors can pursue higher profits according to their own trading strategies.

Intraday loss limit

• The intraday loss limit is calculated based on the highest account net worth you reach on that trading day. Once the intraday highest net worth is determined, the drawdown of your current account net worth relative to the intraday highest net worth must not exceed the set intraday loss limit. This means that your account net worth must always remain within the range of the intraday highest net worth minus the intraday loss limit.
• 
  Example:
• Assuming you choose a challenge account starting funds of $10,000, the intraday loss limit is set at 5% (i.e., $500).
• If on a certain trading day, your intraday highest net worth reaches $10,300, your current account net worth must remain above $9,800 (i.e., $10,300 - $500) to avoid triggering the intraday loss limit.
• If the current account net worth falls below $9,800, the intraday loss limit rule will be triggered, resulting in a failed challenge.

Accumulated Loss Limit

• The cumulative loss limit is based on the highest account net worth you achieve during the entire challenge period. Once the highest net worth is determined, the drawdown of your current account net worth relative to the highest net worth must not exceed the set cumulative loss limit. This means that your account net worth must always remain within the range of the cumulative highest net worth minus the cumulative loss limit.
• 
  Example:
• Assuming you choose a challenge account starting funds of $10,000, the cumulative loss limit is set at 10% (i.e., $1,000).
• If on a certain trading day, your cumulative highest net worth reaches $10,300, your current account net worth must remain above $9,300 (i.e., $10,300 - $1,000) to avoid triggering the cumulative loss limit.
• If the current account net worth falls below $9,300, the cumulative loss limit rule will be triggered, resulting in a failed challenge.

Position Limit Description

• To ensure investors’ trading strategies and discipline, our company has established clear position limits during the trading challenge and profit-sharing stages. These limits are designed to help investors manage their funds prudently and promote profit growth. Specific restrictions include:

• 1. Lot Size Limit:
• The maximum allowable lot size per trade is 4 lots.
• 2. Position Limit:
• A maximum of 5 open positions is allowed at the same time.
• 3. Holding Time Regulation:
• Investors must manually close all open positions at least 2 hours before the market closes on weekends. If positions are not closed manually, the system will enforce an automatic liquidation. After closing positions, investors can still trade cryptocurrencies over the weekend.

• M.T.I. encourages all investors to thoroughly understand and comply with these regulations to ensure that their trading strategies are not only effective but also fully aligned with the challenge rules.

Account Leverage Setting

• During the trading challenge and profit-sharing stages, we provide exclusive leverage ratios for different trading instruments. This is designed to help traders balance risk and return while strengthening capital risk management to protect funds from market fluctuations.

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Challenge Period Requirements

• 1. The duration of the simulated funds challenge is set to 90 days, allowing investors sufficient time to achieve the profit targets of the challenge.
• 2. The free trial period is set for 30 days, with each account limited to a maximum of three free trials.
• 3. During the challenge, if an investor wishes to terminate the challenge early, they may click the 'End Challenge' button at any time. If the 'End Challenge' button is not actively clicked, the challenge account will settle the client’s profit funds after 90 days. If the profits exceed 10%, the account can automatically renew for continued use; if not, all trades will automatically close, and the challenge will be treated as failed.

Intraday Profit Limit

• To ensure the fairness and sustainability of the challenge, during the trading challenge phase, we implement a 30% intraday profit consistency rule. This rule ensures that the account's intraday profit does not exceed 30% of the set profit target, calculated as follows:
• Intraday profit = End-of-day net worth - Start-of-day net worth
• Any excess beyond this limit will not count towards the total profit target. This policy helps prevent market volatility or excessive risk-taking from affecting trading stability.
• Example:
• Initial capital: $10,000
• Profit target (10%): $1,000
• 
  Trading scenario:
• ➢ Day 1:
• If closed P/L is +$200, floating P/L is +$500, total daily P/L is +$700, account net worth reaches $10,700. With the intraday profit limit of $300, the amount counted towards the profit target is +$300.
• ➢ Day 2:
• Start-of-day net worth is $10,700. If closed P/L for the day is +$600 with no positions at settlement, daily total P/L is +$100, bringing account net worth to $10,800. Since $10,800 (end-of-day net worth) - $10,700 (start-of-day net worth) = $100, which is below the intraday profit limit of $300, the amount counted towards the profit target for that day is +$100.
• The cumulative profit target P/L over two days is +$400.
• The 30% limit on the execution of the current day's profit is liquidated at 23:59:59 on each trading day (GMT+2). Profitability data will be automatically adjusted to ensure that the limit is not exceeded.

Prohibited trading practices include the following:

• Participating in the trading challenge at M.T.I. is not only a test of your trading skills, but also an opportunity to demonstrate discipline and strategic thinking. To ensure that every trader competes in a fair and professional environment, here are the key rules you must follow during the challenge:
  

• 1. High-Frequency Trading (HFT):
  Utilizing high-speed trading systems to execute large volumes of trades with the goal of profiting from small price fluctuations. This type of trading is prohibited on our platform due to its disruption of market prices and increased volatility.

• 2. Quick Strike Method:
  Executing large numbers of trades based on short-term market fluctuations, typically with very brief holding periods. This strategy is restricted on M.T.I. as it may artificially manipulate market prices.

• 3. Latency Trading:
  Using delayed market data to execute trades in order to guarantee profits. This practice violates fair trading principles and is strictly prohibited on M.T.I.

• 4. Copy Trading:
  Copy trading is only allowed from the investor's own accounts. Cross-account copy trading is prohibited.

• 5. Hedging:
  Hedging within the same account is allowed. Hedging across multiple accounts is not permitted and is considered an improper trading method.

• 6. Arbitrage Trading:
  Using price differences between different markets or correlated products to engage in arbitrage. This type of behavior is prohibited as it manipulates the market.

• 7. Tick Scalping:
  Rapidly executing trades with small price differences, which can lead to market disruption. M.T.I. has restrictions on this type of trading.

• 8. Grid Trading:
  Placing buy and sell orders at various price levels to profit from price fluctuations. This strategy is prohibited as it may lead to market manipulation.

• 9. Gambling Behavior:
  Trading based on luck rather than analysis, such as placing large risks in a single trade. M.T.I. emphasizes professionalism, planning, and risk management, and does not support gambling-like trading.

• 10. Hyperactivity:
  Excessively frequent trading that could lead to a decrease in platform performance. M.T.I. sets limits on trading frequency to protect the interests of all traders.

• M.T.I. encourages traders to develop compliant trading plans, stay focused on market insights, and grow strategies to achieve long-term trading success. Our goal is to help you become a better trader and positively change your trading career.
  

Trading Restrictions During Major Economic News Releases

• M.T.I. allows investors to hold positions during major news releases but imposes restrictions on executing new orders during news and significant events. To mitigate market volatility caused by major economic news (including but not limited to U.S. employment and inflation data such as Non-Farm Payrolls (NFP), Consumer Price Index (CPI), Producer Price Index (PPI), Federal Open Market Committee (FOMC) decisions, and Gross Domestic Product (GDP)), as well as unexpected geopolitical events or emergency market announcements (such as major war conflicts, central bank emergency interventions, or market circuit breaker activations), executing any new orders is strictly prohibited from 2 minutes before to 2 minutes after the news or event release.
• For example, U.S. Non-Farm Payrolls (NFP) data is typically released on the first Friday of each month at 21:30 (winter time) or 20:30 (summer time). During the restricted period (21:28–21:32 in winter or 20:28–20:32 in summer), no new orders can be executed.
• Any profits generated from trades executed within this restricted period will not count towards the account's target and will be deducted from the account, while any losses will be borne by the investor.

Risk Exposure Control & Capital Management

• Whether in the trading challenge phase or the profit-sharing phase, investors must keep their risk exposure within a reasonable range. This includes avoiding multiple trades that could result in combined exposure, prolonged exposure, or highly correlated trades, as these methods amplify the account's overall risk. Therefore, investors should refrain from using strategies that lead to concentrated risk. Additionally, the risk per trade should be strictly limited to a low percentage of the account balance (e.g., within 1%) to ensure sound capital management.

• 1. Challenge Success:
• During the trading challenge stage (90 days), if all the challenge objectives are met (see: IV. If all challenge objectives are met (see: IV. Challenge Objectives and Rules), the system will automatically determine that the investor's challenge has been successful. At this point:
• - The Demo Fund challenge account will be placed in 「Inactive」 status, all open trading positions in the account will be closed and all pending orders will be canceled. At this point, no new trades can be placed in the account until the next challenge is launched.
• - Apply for a refund of the challenge enrollment fee (you need to complete the identity verification first), after you submit the application, the review process is usually completed within 3-5 business day (excluding holidays), after the approval, the Company will refund the full amount of the investor's challenge enrollment fee, the challenge enrollment fee withdrawals will be made by local transfer or USDT transfer to the investor's personal bank account or USDT wallet.
• - Apply to open a profit split account (you need to complete the identity verification first) to advance to the next stage, when you submit the application, we will contact the investor, the review process is usually completed within 3-5 business day (excluding holidays), after passing, the investor will be able to open the profit split stage of the transaction.

• 2. Fail The Challenge:
• During the trading challenge stage (90 days), if any of the challenge objectives are not met (see: IV. If any of the challenge objectives are not met (see: IV. Challenge Objectives and Rules), or if the challenge period exceeds 90 days, the system will automatically determine that the investor's challenge has failed. At this point:
• - The Demo Fund Challenge account will be placed in 「Closed」 status, all open trading positions in the account will be closed and all pending orders will be canceled. At this point, no new trades can be placed on the account. You can start a new challenge by paying the challenge entry fee again.
• - The challenge fee is non-refundable.
• - There is no way to apply to open a profit split account.

Profit Settlement Every 90 Days:

• We conduct a profit settlement every 90 days. If the profit during this period does not reach 10% of the initial capital of the profit-sharing account, the account will be automatically disabled. At this point, the system will automatically calculate the total profit and loss of the profit-sharing account and force-close any open orders, which will be included in the total profit and loss. If the total profit and loss of the account is positive, the investor can apply to withdraw the profit. If the profit reaches or exceeds 10% of the initial capital within 90 days, the investor can continue using the profit-sharing account for trading. If the total profit and loss of the account is positive, the investor can also choose to withdraw the profit at any time.

Maximum Loss Limit Exceeded:

• During the profit-sharing phase, if the investor's 「5% daily loss limit」 or 「10% cumulative loss limit」 is exceeded, the profit-sharing account will be automatically disabled. The system will automatically calculate the total profit and loss of the account, and any open orders will be forcibly closed and included in the total profit and loss. Although the profit-sharing phase ends, if the total profit and loss of the account is positive, the investor can apply to withdraw the profit.

Investor's Active Profit Withdrawal:

• 1、Withdrawal Conditions:
• The investor must meet the following conditions before submitting a profit withdrawal request:
• - Withdrawal Threshold: After the investor has had the profit-sharing account for 30 days, if the current profit exceeds 5% of the initial capital, the investor can apply to withdraw the profit exceeding the threshold. Each withdrawal request is valid for 3 days, from the 30th day to the 33rd day. If the investor chooses to withdraw the entire profit amount, including the 5%, the profit-sharing account will be considered actively disabled.
• - Minimum Withdrawal Amount: The minimum withdrawal amount for each request is $100 to meet the minimum withdrawal requirement set by the payment provider.
• - Application Interval: The withdrawal cycle is 30 days, based on the date the profit-sharing account was established. The first withdrawal cycle starts from the base date and can be submitted after 30 days; the second withdrawal can be submitted after 60 days from the base date, the third after 90 days, and so on.
• - Active Account Deactivation: If the investor chooses to withdraw all the profits from the profit-sharing account, it will be considered as an active deactivation of the account.

• 2、Example:
• Assuming the investor’s initial capital in the profit-sharing account is $10,000, and the current profit reaches $600, which meets the 5% withdrawal threshold. At this point, the investor can choose to withdraw the $100 exceeding the threshold. If the investor chooses to withdraw the entire $600 profit, it will result in the deactivation of the profit-sharing account.
• If the investor has successfully submitted a $100 profit withdrawal request, and after two days the account's profit increases to $1,000, despite meeting the withdrawal threshold again, the investor will not be able to submit a new withdrawal request because the 30-day withdrawal interval has not been met.

Processing Procedure:

• After submitting the profit withdrawal request, our company usually completes the review within 3-5 working days (excluding holidays). Once the review is approved, our company will transfer 80% of the total profit to the investor's personal bank account or USDT wallet via local transfer or USDT transfer.

The challenge is only open in specific countries/regions, and participants must be qualified to open an account in the country/region where the activity is open to participate in the activity. Otherwise, the activity will be considered invalid. The applicable countries are subject to the internal policies of this platform and may change from time to time. Before participating in the event, it is recommended that you check with the customer service team.

The company is the sole arbiter of challenges, and disputes or situations not covered by these Rules will be resolved by the Platform's management in the manner that it believes to be fairest for all stakeholders, and this decision will be final for all parties involved.

During the challenge period, if it is found that the investor has abused, violated any transaction or operation, exploited any loophole, error, malfunction, defect, etc. of the challenge on the platform to cheat, or obtained any rewards, privileges, or other benefits (if any) through false identity, automated means, or other unlawful means, or gained any benefits beyond the scope of the normal transaction, or violated the investor's contract, the product disclosure statement, or other legal disclosure files, the platform shall have the absolute discretion to revoke or stop the challenge, and determine that the investor is disqualified for the challenge according to the Rules. The Platform has the absolute discretion to revoke or stop an investor's challenge and to disqualify the investor from the challenge in accordance with the Rules and to recover the paid rewards.

If at any time all or part of a provision of these rules is unlawful, invalid or unenforceable in any respect under the law of a particular jurisdiction, that provision shall not affect or impair the legality, validity or enforceability of any other provision of these rules in that jurisdiction, nor shall it affect or impair the legality, validity or enforceability of that provision in other jurisdictions.

By participating in the Challenge, investors will be deemed to have implicitly consented to the posting of their individual registration details anywhere on the event page.