Prohibited Trading Practices
PrimePoint Traders is not a brokerage or exchange. All Evaluation and Monetized Simulated Accounts operate on simulated capital—no orders are executed in live markets. We partner with regulated platforms for data feeds only. Our goal is to reward genuine individual traders who apply their own strategies across diverse market conditions. To preserve a fair testing environment the following practices are strictly forbidden in both the Evaluation phases and on monetized simulated accounts. Any breach will result in immediate suspension or termination of your account, forfeiture of any pending simulated profits, and a permanent ban from PrimePoint Traders.
1. System-Error Exploits
Definition: Intentionally or negligently trading on incorrect quotes, delayed updates, or platform glitches.
Example: Spotting a stale price display for an asset due to a technical lag and trading to profit before the feed corrects itself.
2. Account Management Services (“Pass-Your-Challenge”)
Definition: Outsourcing your Evaluation to a third party who trades on your behalf for a fee or profit split.
Example: Paying a service that promises to complete your challenge requirements in exchange for percentage of any simulated gains.
3. Coordinated or Copy-Trading Schemes
Definition: Sharing signals or account access so that multiple users execute identical trades in lockstep.
Example: A community of traders subscribing to the same signal service or trading group, executing identical orders simultaneously.
4. Bracketing Around News Events
Definition: Placing paired pending buy and sell orders immediately before scheduled high-impact announcements to capture volatility spikes.
Example: Pre-positioning a buy stop just above and a sell stop just below the current price ahead of an earnings release so one side is triggered by the ensuing price swing.
5. Arbitrage Exploitation
Definition: Taking advantage of price discrepancies for the same or highly correlated instruments across different venues or data feeds.
Example: Buying an asset on one simulated exchange where it is under-priced and simultaneously selling it on another where it is over-priced to lock in risk-free gains.
6. Bulk or Basket Orders
Definition: Submitting large numbers of simultaneous orders across multiple symbols or accounts, indicating a lack of genuine strategy.
Example: A script that opens 50 trades at once on unrelated instruments without incremental decision-making.
7. Account Sharing or Transfer
Definition: Allowing another person to trade in your account or selling account access outright.
Example: Handing your login credentials to a friend, or advertising your funded account for rent or profit-share.
8. Overnight Rollover Scalping with Expert Advisors
Definition: Using automated strategies to scalp bid/ask spreads or liquidity imbalances during low-volume rollover periods.
Example: An EA programmed to target the few ticks of price movement that occur when daily bars roll over, without genuine market analysis.
9. Hedge-Arbitrage & Reverse-Arbitrage
Definition: Simultaneously buying and selling the same instrument (or nearly identical instruments) across accounts or symbols to capture fleeting price spreads.
Example: Holding long and short positions on the same currency pair in two different simulated accounts to exploit temporary mispricing.
10. Tick-Level Scalping
Definition: Placing and closing trades on every individual tick to profit from the tiniest price variations.
Example: An algorithm that enters and exits positions on each micro-movement of the quote, often hundreds of times per second.
11. Third-Party EA Saturation
Definition: Running an off-the-shelf Expert Advisor (EA) shared by many other traders, creating overcrowded and unrepresentative strategy performance.
Example: Deploying a commercial EA from a public marketplace without owning its source code or understanding its logic.
12. One-Sided Directional Bias
Definition: Repeatedly taking positions only in one direction (always long or always short) without adjusting for changing market conditions or risk management.
Example: Consistently buying the same currency pair every session regardless of technical or fundamental indicators.
13. Ultra-High-Frequency Trading
Definition: Executing extremely short-duration trades—often measured in milliseconds—via algorithms or bots to profit from minute price movements.
Example: Deploying automated software that places and cancels thousands of orders within seconds around every market tick.
14. Martingale Strategies
Definition: A Martingale strategy involves increasing your position size—often doubling—after each losing trade in an attempt to recover previous losses and lock in a net profit once a winning trade occurs.
Example: After losing a trade, or while in a losing position, create a new position of larger size in order to make up for losses.
Enforcement & Consequences
Any attempt to gain an unfair advantage or abuse our simulated environment is a material breach of our Terms & Conditions. Upon detection, PrimePoint Traders will:
- Immediately suspend or terminate your account access.
- Forfeit any pending simulated profits or Evaluation credits.
- Permanently ban you from all future PrimePoint programs.
If you have questions about permissible strategies, please contact our help team at: help@primepointtraders.com
