The rules, published
before the product

What this document is, and what it is not

This is the rulebook for an evaluation that does not exist yet. No account operates under it, no one 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 0.9, dated 2026-07-31. 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, because account sizes and fees are not set. When they are set, they will appear here and the version number will move.

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

Nine rules. Each one below states the limit, how the number is measured, and what happens when it runs out. The measurement column is the part that usually lives three clicks deep in a help centre, and it is the part that decides arguments.

When the price gaps through your stop

Weekend and news gaps are filled 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 alone 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

Rules get worse for traders over time in this industry, and they usually get worse quietly and retroactively. 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

Nothing has changed yet, and this table is here so that the first change has somewhere it has to appear.

Questions people ask about rules like these

Does unrealised profit and loss count against the daily loss limit?

Yes. The daily loss limit is measured on equity, which includes open positions. It is measured against equity at 00:00 UTC and does not trail an intraday high, so a profitable morning does not raise the floor for the afternoon.

Is the maximum drawdown trailing or static?

On the evaluation it is static: a floor set once from the starting balance that never moves. On a funded account it trails your highest closed equity and then locks permanently once it reaches the starting balance.

Is there a consistency rule?

No. There is no cap on the share of profit that may come from a single day or a single trade, and no consistency score is applied after the fact. This is written into the rulebook as a rule rather than left as an omission, so that introducing one later is visibly a change to the document.

Can upme change these rules after I open an account?

Not for an account that is already open. Every account is bound to the rulebook version it was opened under for its entire life, every version stays published at its own address, and a change binds only accounts opened after it.

Are these rules in force today?

No. There is no product and no account, so nothing in the rulebook currently applies to anyone. It is published in advance so that it exists in public, dated and versioned, before there is any commercial reason to shade it.