What disclosures should a prop firm make to traders?
Quick answer
At minimum, disclose that accounts are simulated, every rule and how it is measured, how payouts are calculated and when they are paid, what disqualifies a payout, refund terms, KYC requirements, restricted countries, the company's legal name and address, and that trading results are not guaranteed.
Detailed answer
General information, not legal, tax or regulatory advice. Rules differ by country and change over time; confirm your position with a qualified professional before acting on it.
A good disclosure set includes:
- Account nature: simulated, with prices from a live feed.
- Rules: profit target, loss limits and how each is calculated (balance or equity, static or trailing, when days reset).
- Prohibited strategies: with examples.
- Payouts: split, frequency, minimums, KYC and the evidence used to deny a payout.
- Fees and refunds.
- Restricted countries.
- Company identity: legal name, registration, address and contact.
- Risk statement: results vary and past results do not predict future ones.
Disclosures only work if the software behaves exactly as described. PropExecutor's rule builder documents each rule's calculation, for example that the daily loss limit opens each UTC day on the higher of balance and equity, so you can copy the precise definition into your rules page. This is general information, not legal advice.
Where to place them
Put the key disclosures where decisions happen: on the pricing page, at checkout and in the welcome email, not only in the terms.
PropExecutor team · Updated
Related questions
All 28 questions in Legal, regulation and compliance · Every category