Archived — rulebook v0.11 (2026-08-02), superseded by v1.0, 2026-08-03. Kept online under the versioning commitment.
Challenge rulebook
The rules, published
before the product
Every condition that can end an evaluation or a funded account, how each number is measured, and what happens when one of them runs out. Version 0.11, dated 2026-08-02 — before a single account exists to apply it to.
- Version
- 0.11
- Published
- 2026-08-02
- Status
- not in force
- Binds
- accounts opened under this version
No position: no account exists
The limits that do not exist
Two-step route, phase one. Percentages, not amounts: account sizes are not set.
What this document is, and what it is not
This is the rulebook for an evaluation that opens at v1.0. 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 0.11, dated 2026-08-02. 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.
The number has moved twice already, both times on 2026-08-02 and both times before any account exists: 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. 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 rules. 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.
1. Profit target
- Limit
- 8% of the starting balance in phase one, then 5% in phase two.
One-step route: 10% in a single phase. - How it is measured
- Closed profit only, measured against the starting balance. No minimum number of winning days, no requirement to spread the profit across trades, no maximum single-day contribution. One clean trade can close a phase.
- If it is breached
- Nothing breaks. The account converts to the next stage.
2. Daily loss limit
- Limit
- 5% of the balance at 00:00 UTC.
One-step route: 4%. - How it is measured
- Measured against equity at 00:00 UTC, including open positions. It is a fixed figure for the day and does not trail an intraday high: a profitable morning does not raise the floor for the afternoon. It resets on the hour, not on a rolling 24-hour window.
- If it is breached
- Trading pauses until 00:00 UTC. The account survives and nothing is forfeited.
3. Maximum drawdown (evaluation)
- Limit
- 10% of the starting balance, as a static floor.
One-step route: 8%. - How it is measured
- Set once from the starting balance and never moved. It does not trail peak equity, so profit you have made is yours to give back without ending the evaluation.
- If it is breached
- The evaluation ends. One retry is offered at a reduced fee.
4. Trailing drawdown (funded)
- Limit
- 8% of the starting balance, trailing, locking at the starting balance.
- How it is measured
- Trails your highest closed equity until it reaches the starting balance, then locks there permanently and never moves again. It does not trail unrealised profit, and it does not reset when a payout is taken.
- If it is breached
- The funded account closes. Any payout already accrued is still paid.
5. Minimum trading days
- Limit
- 5 days.
- How it is measured
- A day counts when at least one position is opened or closed. Days do not have to be consecutive, there is no upper bound, and there is no minimum volume attached to a day.
- If it is breached
- The target cannot be claimed yet. Nothing else changes and nothing is lost.
6. Consistency requirement
- Limit
- None.
- How it is measured
- There is no cap on the share of profit that may come from one day or one trade, and no consistency score is computed after the fact. This is stated as a rule rather than as an omission, so that adding one later is visibly a change.
- If it is breached
- Not applicable.
7. Time limit
- Limit
- None.
- How it is measured
- No phase has a deadline. An account is archived only after four consecutive quarters with no trade, and archiving is reversible on request.
- If it is breached
- Not applicable. There is no clock to breach.
8. Copying another funded account
- Limit
- Not permitted.
- How it is measured
- Mirroring another funded account, at upme or elsewhere, is checked on execution timestamps across accounts linked to one identity. It is a timing test, not an opinion about strategy: two accounts holding the same view is not a breach, two accounts filling within the same tick repeatedly is.
- If it is breached
- The payout is refused under this clause, the reason is published, and the evaluation fee is returned.
9. News trading, weekend holding, EAs
- Limit
- All permitted.
- How it is measured
- No blackout window around scheduled releases, no forced flat before the weekend, no restriction on automated execution. If this changes it changes for accounts opened after the change, never for accounts already open.
- If it is breached
- Not applicable.
10. One trader, counted once
- Limit
- Up to 3 concurrent evaluation accounts per person.
- How it is measured
- The cap binds to a verified identity at payout, where KYC happens, and to a correlated-behaviour cluster before that. Three things breach it: (a) opposite or offsetting positions across accounts — the trader’s own, or coordinated with someone else’s — where the combined exposure nets to roughly zero while one side of the pair harvests a pass or a payout; (b) transferring, buying or selling an account, or having a third party trade an evaluation; (c) the same trades duplicated across a cluster of accounts to multiply payouts. Detection is a trade-correlation review — timing, instrument, direction, size — that runs continuously through the evaluation rather than being saved for the payout gate, plus payment-method linkage at purchase and identity linkage at KYC. What counts as a violation and what it costs are published; the detection thresholds are not, and we are saying so here rather than leaving it unsaid.
- If it is breached
- The evaluation is void, and the void is recorded in the public denial ledger on the payouts page citing this rule. A violation found after a payout is published the same way.
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.
- Every account records the rulebook version it was opened under.
- 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.
- Every published version stays online at its own address, so the document an account is bound to remains readable rather than being replaced.
- 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
| Version | Date | What changed |
|---|---|---|
| 0.11 | 2026-08-02 | Revised the review clause of rule 10: a payout under an active review pauses the 24-hour clock in public, the review is capped at 72 hours, and at the cap a decision is mandatory — settle with the +2% penalty, or refuse citing the violation. Replaces the unconditional +2% self-penalty, which pressured review speed over review accuracy. In upme’s favour on the penalty, in the trader’s on visibility. The superseded text is archived at v0.10. |
| 0.10 | 2026-08-02 | Added rule 10, one trader, counted once (account multiplication), and the matching refusal ground on the payouts page. A restriction on traders; the 24-hour review clause inside it binds upme. Added before any account exists. |
| 0.9 | 2026-07-31 | First public version. Published before launch, before any account exists, and before there is anything to dispute. |
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.
Questions people ask about rules like these
The measurement details that decide arguments, and the terms the rulebook commits to — each answer taken from a rule above or a section of this document. Open any one; they work with scripting off.
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. It resets on the hour, not on a rolling 24-hour window.
Is the maximum drawdown trailing or static?
On the evaluation it is static: a floor set once from the starting balance that never moves, so profit you have made is yours to give back without ending the evaluation. On a funded account it trails your highest closed equity and then locks permanently once it reaches the starting balance.
How many trading days does the evaluation require?
Five. A day counts when at least one position is opened or closed. The days do not have to be consecutive, there is no upper bound, and no minimum volume is attached to a day. Until you have traded on five days the profit target simply cannot be claimed yet; nothing is lost and nothing else changes.
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.
What is the profit split on a funded account?
80% of simulated profit is paid to the trader, from the first dollar. There is no split ladder that starts lower and improves with tenure, and no performance tier to climb. The number is written into the rulebook rather than left to a dashboard.
Is there a cap on how much I can be paid in a month?
Payouts from a funded account are capped at 2% of the simulated account size per calendar month, with full carryover. Nothing above the cap is forfeited or shaved: the amount queues, stays visible in the account, and pays out in following months. The cap is what keeps the 24-hour settlement and the flat 80% split solvent in the worst month, not just the average one. The one time carryover is lost is a rule 4 breach, because the queue lives with the account.
Can I get the evaluation fee back?
Two refund rights are written into the rulebook. The evaluation fee is refunded in full with your first payout, so a trader who reaches a payout has paid nothing net to be evaluated. Separately, an account that is purchased but never activated can be refunded within 14 days.
Can I trade more than one upme evaluation at the same time?
Yes, up to 3 concurrent evaluation accounts per person. The cap binds to a verified identity at payout and to correlated behaviour before that. What voids an evaluation under rule 10: opposite positions across accounts that net to roughly zero while one side harvests a pass or payout, an account transferred or traded by a third party, or the same trades duplicated across a cluster of accounts. A violation is recorded in the public denial ledger citing the rule.
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.
How do I pay for a challenge?
Checkout is crypto-first: BTC, ETH, USDT, USDC and LTC are accepted, with more rails to follow. No card networks or app-store billing are shown anywhere on the site, because none are taken.
Can I buy a challenge today, and are these rules in force?
A free account is open now: it holds your dated seat, your public forecast record and your place in the queue for the first cohort. The paid evaluation itself opens at rulebook v1.0. The rulebook is published and versioned in advance, and every account is bound for its whole life to the version it opens under, so the terms in it are on the record before the first one is sold.