Risk Disclosure

Important Trading And Account Risk Disclosures

This disclosure outlines the principal risks of participating in Approved Funded's simulated trading service. Read it carefully before purchasing a plan or operating a simulator account. Together with the Terms of Service, Refund Policy, Privacy Policy, and Trading Rules, this document forms the binding agreement between Approved Funded and the user.

Last updated · May 2026

Plain-language summary

Approved Funded provides access to a simulated trading environment. Activation fees are at risk. Most users will not earn a Performance Reward. Past results do not predict future outcomes. The platform is not a brokerage and does not provide investment advice. Users in restricted jurisdictions may not use the service. Read the full disclosure below before purchasing a plan.

Trading Rules and Limits

Trading on this platform is governed by specific risk-management rules, described in full at /full-rules. Customers are responsible for reading and understanding all rules before placing trades. Failure to comply may result in account suspension or termination.

1. Simulated Trading Environment

All trading activity conducted through Approved Funded takes place within a fully simulated trading environment. Virtual balances do not represent real money, are not redeemable for cash, and cannot be withdrawn except through the documented Performance Reward process.
Order matching, mark-to-market valuations, and account telemetry inside the platform are governed by platform-defined rules and may not match the behavior of any external broker, exchange, or live market venue.
The platform may use external market data feeds for price reference. Execution, slippage modeling, and liquidity assumptions inside the simulator are nonetheless platform-defined and may differ from real-world execution.
Users acknowledge that simulator-based performance does not constitute real-world trading and does not establish a track record with any regulated financial institution.

2. No Investment Advice

Approved Funded does not provide investment advice, financial planning, securities recommendations, or personalized trading guidance to any user.
Educational content, blog posts, FAQ entries, customer-support replies, and any other communication from Approved Funded are general in nature and must not be construed as advice tailored to a user's circumstances.
Users are solely responsible for evaluating whether participation in a simulated funded-account program is suitable for their personal financial situation, risk tolerance, and goals.
Approved Funded recommends that users consult a licensed financial advisor, accountant, or legal professional in their jurisdiction before making any decisions that may have financial consequences.

3. Past Performance & Forward-Looking Statements

Historical performance, whether displayed inside the platform, on marketing surfaces, or communicated by Approved Funded staff, is not a reliable indicator of future results.
Statements that describe potential outcomes, payouts, success rates, or trader achievement levels are illustrative and forward-looking. Actual results experienced by individual users will vary widely and may include total loss of the activation fee paid.
Marketing testimonials, leaderboards, and similar materials feature outcomes from selected users. These outcomes are not representative of the average user and should not be interpreted as typical results.

4. Activation Fee & Capital Risk

Activation fees paid to Approved Funded purchase access to a simulated trading account with rules, limits, and operational controls. Activation fees are non-refundable except as specified in the Refund Policy.
Failing the evaluation phase, breaching daily-loss or maximum-drawdown limits, or violating prohibited-conduct rules will end the simulator account. Lost activation fees in those scenarios are not recoverable.
Performance Rewards are contingent on full compliance with the Trading Rules, completion of identity verification, and operational review at the time of payout. There is no guarantee that any user will receive a Performance Reward.
Users should treat the activation fee as fully at risk and should not pay an amount they cannot comfortably forfeit.

5. Leverage and Position-Sizing Risk

Simulated accounts use leverage caps that vary by asset class. While leverage amplifies the size of positions a trader may control, it equally amplifies the speed at which a daily-loss or maximum-drawdown limit may be breached.
Holding outsized positions, particularly into market-moving events, dramatically increases the probability of breach within a single trading session. Many simulator account terminations occur from a single oversized position rather than gradual underperformance.
Users are responsible for sizing positions in line with the documented daily-loss and maximum-drawdown thresholds. The platform enforces caps at the order layer, but enforcement does not constitute risk management on the user's behalf.

6. Market and Volatility Risk

Markets traded inside the simulator are subject to volatility, gap risk, liquidity changes, and unscheduled events. The simulator reflects these conditions to the extent feasible but does not guarantee identical behavior to live venues.
High-impact news events, central-bank announcements, geopolitical shocks, and market-structure changes can cause rapid moves that breach risk limits within seconds. Holding positions through such events without explicit pre-approval is prohibited per the Trading Rules.
Cryptocurrency markets in particular are subject to extreme volatility, sudden delistings, exchange outages, and liquidity gaps even outside scheduled news windows. Users trading the crypto asset class accept this elevated risk profile.

7. Operational, Compliance & Reward Decisions

Operations team reviews simulator accounts for policy compliance, abuse signals, and restricted conduct. Account status, trading restrictions, and Performance Reward eligibility are determined by operational review.
Performance Reward requests are reviewed against the Trading Rules, identity-verification status, payment integrity, and account behavior history before approval. Reviews are conducted in good faith but may take a defined window of working days.
Approved Funded reserves the right to delay, partially fulfill, or refuse a Performance Reward where review identifies rule violations, abusive behavior, or unresolved compliance issues.
Decisions made by the Operations and Compliance functions are documented and auditable. Users may request review of an adverse decision through the support channel within the timeframe permitted by applicable law.

8. Platform & Technology Risk

The platform may experience scheduled maintenance windows, unscheduled outages, latency spikes, data feed disruptions, and other technical incidents. These can affect order execution, account telemetry, and the ability to manage open positions.
Approved Funded does not guarantee uninterrupted access. Users assume the operational risk of relying on a third-party platform for simulator-based trading activity.
In the event of a technical incident that materially affects trading, Approved Funded may apply remedial measures including order rollbacks, account-state restorations, or temporary trading freezes. Such measures aim to preserve fairness across the user base and may not align perfectly with the preferences of any individual user.

9. Regulatory and Jurisdictional Considerations

Approved Funded operates a simulator-based service. The service is not a regulated brokerage, investment manager, or financial advisor in any jurisdiction.
Local laws governing online financial-simulation services, prop-trading programs, and related activities vary widely. Users are responsible for confirming that participation in the service is permitted in their jurisdiction before purchasing access.
Approved Funded may, at its discretion, restrict access from specific jurisdictions where doing so is required by applicable law or where operational integrity cannot be maintained.
Performance Rewards may have tax consequences in the user's jurisdiction. Approved Funded does not provide tax guidance; users are responsible for declaring rewards as required by local tax law.

10. Eligibility and Suitability

The service is intended exclusively for adults who meet the minimum age requirements applicable in their jurisdiction. Persons below the applicable age may not register or participate.
Persons subject to international sanctions, embargoes, or anti-money-laundering screening lists are not eligible to use the service.
Users should self-assess whether the simulated funded-account format aligns with their financial situation and emotional risk tolerance. The format includes a real probability of losing the activation fee and not receiving a Performance Reward.
Users with diagnosed gambling problems or financial-distress indicators are advised against participation regardless of legal eligibility.

11. Strategy & Intellectual Property

Trading strategies, indicators, and approaches that perform inside the simulator may not perform similarly in live markets due to differences in execution, fill quality, slippage, and counterparty behavior.
Approved Funded does not retain any rights to a user's personal trading strategies. The platform does, however, retain ownership of the simulator infrastructure, market data integrations, and operational tooling.
Reverse engineering, copying, or attempting to replicate the platform's simulator logic is prohibited per the Terms of Service and may result in account termination.

12. Changes to This Disclosure

Approved Funded may update this Risk Disclosure from time to time to reflect changes in operational practices, market conditions, regulatory expectations, or product offerings.
Material changes will be communicated by an in-dashboard notification, by email to active users, or by a conspicuous notice on this page, depending on the significance of the change.
The date at the top of this page indicates when the disclosure was last revised. Continued use of the service after the effective date of an updated disclosure constitutes acceptance of the revised terms.

13. Acknowledgment & Governing Law

By purchasing access to a simulator account, users acknowledge that they have read, understood, and accepted the risks described in this disclosure, the Terms of Service, the Refund Policy, the Privacy Policy, and the Trading Rules.
This Risk Disclosure is governed by the same governing-law provisions as the Terms of Service. Disputes arising under this disclosure are subject to the same dispute-resolution mechanism.
Users who do not agree with any part of this disclosure are instructed not to purchase access and not to use the service.

Read alongside the other policy documents

This Risk Disclosure operates alongside the Terms of Service, the Refund Policy, the Privacy Policy, and the Trading Rules. Where any of these documents differ on a specific point, the most restrictive provision applies. Users are instructed to read every document before purchasing a plan.

Approved Funded · Risk Disclosure