The rules, published
before the product

What this document is, and what it is not

This is the rulebook for an evaluation that opens at v1.2. No account operates under it yet, nobody has bought anything, and nothing in it is in force. It is published now for one reason. A set of rules written before there is a single trader to apply them to cannot have been reverse-engineered from a dispute.

Version 1.2, dated 2026-08-03. The version number is not decoration. When the product launches, every account will be bound to the rulebook version it was opened under, for the life of that account, and a change will only ever bind accounts opened after it. The mechanism is described in how a rule change works and the principle is restated on the transparency page.

Figures below are expressed against a starting balance rather than in currency. The published account sizes and fees are linked from the pricing page.

The number has moved five times already, every time before any account exists: on 2026-08-02 v0.10 added rule 10, on account multiplication and v0.11 revised its review clause — a published pause, a 72-hour cap, and a mandatory decision at the cap — on 2026-08-03 v1.0 added the best-day and best-trade consistency caps (11a and 11b) and raised the minimum trading days to 4, v1.1 added seven anti-gaming rules (12 through 18) and clarified the automation boundary in rule 9, and on 2026-08-03 v1.2 raised the phase-one profit target from 8% to 10% — a round target, harder to reach. The only time changes like these can be made without a dispute standing behind them is now.

What the account actually is

The evaluation and the funded stage that follows it are simulated accounts priced from live market data. They place no orders in any market. A payout from a funded account is a performance fee calculated on a simulated result — it is not investment income, and the account is not an investment account.

We are stating this at the top rather than in a terms page, because the distinction decides what the product legally is. A separate, real brokerage account is on the roadmap and requires authorisation we do not hold; it is described on the legal status page and nowhere on this one.

Every rule, and what breaching it costs

Ten numbered rules, with the consistency requirement (rule 6) spelled out in two caps — 11a and 11b — added at v1.0, and seven anti-gaming rules — 12 through 18 — added at v1.1. Each one gives the limit, how the number is measured, and what happens when it runs out. The measurement line is the one that decides arguments, and across the firms in our research it is the line most often published somewhere other than the rules page.

Rules 12 through 18 close the ways a simulated venue can be gamed rather than traded: the feed (12), the simulated fill (13), trade duration and account activity (14), event straddling (15), single-position exposure (16), conduct around the daily reset (17), and buying a pass on variance rather than earning it on skill (18). Some of them can only be enforced once the trading platform is wired; those carry that flag inline and openly, rather than being published as if already switched on.

When the price gaps through your stop

Weekend and news gaps fill at the first available price. That is how the market works and we are not going to pretend otherwise. What we will not do is let a gap on its own end an evaluation.

Where a limit is crossed solely because of a gap — that is, where the position would not have breached the limit had a price existed between the two ticks — the breach is reviewed automatically and reversed. The trader does not have to notice it, argue for it, or open a ticket. The trigger thresholds are published rather than kept internal:

Major FX

gap > 12 pips

Indices

gap > 0.4%

Metals

gap > 0.5%

Review

automatic, same day

Gaps that only contribute to a breach are reviewed individually and the outcome is recorded either way. Reversal is not discretionary generosity; it is a rule with a number attached, which is why the number is here.

When our platform is the problem

Any breach recorded during a declared outage is void. Positions open during an outage are closed at the pre-outage price where that price is better for the trader. Every incident is posted with timestamps, whether or not anybody noticed it and whether or not it cost anyone anything.

How a rule change works

Rule sets in this industry move. No firm in our research publishes a change log, several 2026 amendments reached accounts that were already open, and the current page is normally the only published page. The mechanism against that is not a promise of good behaviour. It is a version number.

1. Every account records the rulebook version it was opened under.
2. That version governs the account for its entire life. A later version cannot reach back into it, including where the later version would be more favourable — consistency matters more than the direction of the change.
3. Every published version stays online at its own address, so the document an account is bound to remains readable rather than being replaced.
4. Changes are listed in the changelog below with a date and a one-line description of what moved and in whose favour.

If we get it wrong

A breach decision or a payout decision can be disputed. A named person answers within one business day with the tick data the decision was made on — not a summary of it, the data. Where a dispute is not resolved, the outcome goes to the public record on the payouts page along with everything else.

Until there is a product, the address for anything at all — including a factual error on this page — is hello@upme.com.

Changelog

The first changes are already in the table, made while there was still nobody they could apply to. Every later row has to look like these: dated, described, and stating in whose favour it runs.