Terms and Conditions

These Terms and Conditions (the "Agreement") govern your access to and use of the website propscholar.com and all related services (collectively, the "Services") operated by PropScholar Private Limited (CIN: U85499JH2026PTC027330), a company incorporated under the laws of India with its registered office in Sundarnagar, Jharkhand, India (the "Company", "we", "us" or "our").

PropScholar is a skill-based trading scholarship platform. We offer evaluation programmes ("Challenges") conducted entirely in a simulated (demo) trading environment. Traders who successfully complete a Challenge in accordance with the rules below may become eligible to receive a scholarship service fee. No real client capital is traded, and participation does not constitute investing, brokerage, portfolio management, or any regulated financial activity. PropScholar does not hold, manage, or trade any participant funds, and no money is ever placed in live financial markets. Everything on the Services is a simulated, educational skill assessment.

This Agreement is a legally binding contract. You have a duty to read it before accessing the Services. By registering for, purchasing, or using any part of the Services, you confirm that you have read, understood, and agreed to be bound by this Agreement. If you do not agree, you must not use the Services.

The Company reserves the right to modify, amend, replace, or terminate this Agreement at any time in its sole discretion. Changes take effect when posted on this page with an updated "Last updated" date. Your continued use of the Services after any change constitutes acceptance of the revised Agreement.

1. Definitions

• "Challenge" means a paid, skill-based evaluation programme conducted on a simulated trading account.
• "Trader", "you" means any individual who registers for or uses the Services.
• "Scholarship Service Fee" means the discretionary service fee that may be granted to a Trader who successfully completes a Challenge and satisfies all applicable conditions.
• "Simulated Account" means a demo trading account provided for the purpose of a Challenge, which uses simulated funds and market data and involves no real money.
• "Trading Rules" means the objectives and limits set out in Section 5 that determine whether a Challenge is passed or breached.
• "Giveaway Account" means any Simulated Account issued to a Trader free of charge, including accounts awarded through giveaways, contests, competitions, community events, promotional campaigns, or as a gift, and any account for which the Trader has not paid a Challenge fee.
• "PropScholar Wallet" means the store-credit balance held against your PropScholar account, denominated in Indian Rupees, which may be applied towards the purchase of Challenges on the Services. PropScholar Wallet credit is not money, is not redeemable for cash, and is not transferable or withdrawable.

2. Eligibility

To use the Services you must be at least 18 years of age (or the age of legal majority in your jurisdiction, whichever is greater) and legally capable of entering into a binding contract.

PropScholar welcomes participants from all countries and does not impose country-based restrictions. You are responsible for ensuring that your participation complies with the laws applicable to you.

3. Nature of the Services — Important Notice

You expressly acknowledge and agree that:

• All Challenges take place on Simulated Accounts using demo funds. You are not trading real money, and you cannot and will not lose real money as a result of trading activity within a Challenge.
• The Company is not a broker, bank, investment adviser, portfolio manager, or financial institution, and does not provide investment, financial, legal, or tax advice.
• A Challenge is an evaluation of trading skill, not an investment product. Fees paid are for participation in the evaluation, not a deposit, and are not held on your behalf.
• Any Scholarship Service Fee is a discretionary service fee paid in consideration of the evaluation data and analysis the Trader generates during the simulated assessment, and is not profit from real trading, interest, or a return on investment.

4. Registration and Account Security

You agree to provide accurate, current, and complete information during registration and to keep it updated. You are responsible for maintaining the confidentiality of your login credentials and for all activity that occurs under your account. You must notify us immediately of any unauthorised use. The Company is not liable for any loss arising from your failure to safeguard your credentials. Each person is permitted to register and maintain only one PropScholar account using one Gmail address. Registering or operating multiple accounts, including through different email addresses, is prohibited. A person may purchase multiple Challenges through their single registered account.

5. Challenge Objectives and Trading Rules

Each Challenge is governed by the objectives and limits set out below. A Trader passes a Challenge only by achieving the profit target while never breaching any limit, and by trading on the required minimum number of days. Breaching any limit results in the immediate failure of that Challenge account.

One-Step Challenge

• Profit Target: 10% of the starting balance
• Maximum Overall Loss: 6% of the starting balance
• Maximum Daily Loss: 3% (calculated from the higher of balance or equity at the start of the trading day)
• Minimum Profitable Days: 3 (a day with at least 0.75% net profit)
• Maximum Inactivity: 14 consecutive days without trading activity
• Leverage: up to 1:50

Two-Step Challenge — Phase 1

• Profit Target: 8% of the starting balance
• Maximum Overall Loss: 8% of the starting balance
• Maximum Daily Loss: 4% (calculated from the higher of balance or equity at the start of the trading day)
• Minimum Profitable Days: 3 (a day with at least 0.75% net profit)
• Maximum Inactivity: 14 consecutive days without trading activity
• Leverage: up to 1:100

Two-Step Challenge — Phase 2

• Profit Target: 5% of the starting balance
• Maximum Overall Loss: 8% of the starting balance
• Maximum Daily Loss: 4% (calculated from the higher of balance or equity at the start of the trading day)
• Minimum Profitable Days: 3 (a day with at least 0.75% net profit)
• Maximum Inactivity: 14 consecutive days without trading activity
• Leverage: up to 1:100

Freedom Challenge (One-Step)

The Freedom Challenge is a permanent one-step evaluation offered in three sizes — $5,000, $10,000 and $25,000. It follows the One-Step Challenge rules above with exactly two differences: the Minimum Profitable Days requirement is removed, and Maximum Open Lot Limits are added. All other One-Step rules apply unchanged.

• Account sizes: $5,000 / $10,000 / $25,000
• Profit Target: 10% of the starting balance
• Maximum Overall Loss: 6% of the starting balance
• Maximum Daily Loss: 3% (calculated from the higher of balance or equity at the start of the trading day)
• Minimum Profitable Days: None — reaching the profit target in a single trading day is a valid pass
• Maximum Inactivity: 14 consecutive days without trading activity
• Leverage: up to 1:50
• Weekend holding allowed; news trading unrestricted
• Maximum Open Lot Limits apply per asset class and scale with account size (see table below)
• Purchase limit: none — a Trader may buy any number of Freedom accounts, in any size
• Scholarship payout on a pass: $20 / $42 / $100 for the 5K / 10K / 25K, processed within 4 hours of request
• Discount and promotional codes do not apply to the Freedom Challenge

Maximum Open Lot Limits. The Freedom Challenge caps the volume that may be held open at the same time, measured separately for each asset class. Symbols within a class are summed, each class has its own ceiling, headroom in one class cannot be used by another, and splitting an order does not help. Exceeding any class limit at any moment breaches the account immediately.

The Company may update the Trading Rules, targets, and limits from time to time. The rules applicable to your account are those in effect at the time your account was issued, as shown in your dashboard.

6. Prohibited Trading Practices

Because Challenges evaluate genuine trading skill in a simulated environment, the following are strictly prohibited. Engaging in any of them may result in the disqualification of results, failure of the account, forfeiture of any Scholarship Service Fee, and termination of your access without refund:

• Exploiting errors, latency, delays, or inaccuracies in the simulated price feed or platform (including "latency" or "arbitrage" trading).
• Coordinated or group trading, opening opposite positions across accounts ("hedging" between accounts), or copy/mirror trading designed to guarantee a passing result.
• Use of any strategy that relies on gaps, off-market pricing, rollover, or news spikes in a manner that does not reflect genuine trading skill.
• Use of prohibited automated tools, bots, or third-party services intended to manipulate results.
• Any conduct that is fraudulent, abusive, or intended to circumvent these Terms or the Trading Rules.

The Company is the sole judge of whether a practice is prohibited, acting reasonably and in good faith.

7. Fees and Payments

Challenge fees are displayed on the Services and are payable in full before an account is issued. We accept payment by card, UPI, and cryptocurrency. You agree to pay all applicable fees and any taxes that apply to your purchase. Prices may change at any time, but changes will not affect purchases already completed. All fees are quoted and charged in the currency shown at checkout.

8. Refunds

Challenge purchases are digital, skill-based evaluation services that are made available to you immediately. Accordingly, all fees are non-refundable once payment is completed and account credentials have been issued, except where a refund is required by applicable law. Full details are set out in our Refund Policy.

9. Scholarship Service Fee

A Trader who successfully completes a Challenge in full compliance with these Terms may become eligible for a Scholarship Service Fee. Eligibility and the amount are subject to the following:

• The Scholarship Service Fee is calculated as up to 400% of the applicable programme fee, as shown on each Challenge or product page at the time of purchase.
• Scholarship Service Fees are requested through your dashboard and processed within 4 hours of approval.
• The Company may withhold or cancel any Scholarship Service Fee where the Trading Rules were breached, prohibited practices were used, information provided was false, or these Terms were otherwise violated.
• You are solely responsible for any taxes payable on any Scholarship Service Fee you receive.
• Payout details. You are solely responsible for providing correct and complete payout details, including your cryptocurrency wallet address and network and your UPI ID. Scholarship Service Fees are sent to exactly the details you provide. PropScholar is not responsible or liable for any payout that is delayed, lost, or sent to the wrong recipient because of an incorrect, incomplete, mistyped, or outdated wallet address, network, or UPI ID that you supplied, and any such payout is treated as completed and non-refundable. Please double-check your details before submitting a payout request.
• Giveaway Accounts. Where a Scholarship Service Fee arises from a Giveaway Account, the payout is issued as PropScholar Wallet credit rather than as a cash payout. Such credit may be used towards the purchase of Challenges on the Services, and is not redeemable for cash, transferable, or withdrawable. This applies regardless of the payout method selected in your dashboard. Scholarship Service Fees arising from paid Challenges are unaffected by this clause.

10. Intellectual Property

All content on the Services — including the PropScholar name, logo, text, graphics, software, and design — is owned by or licensed to the Company and is protected by applicable intellectual-property laws. You are granted a limited, non-exclusive, non-transferable, revocable licence to use the Services for their intended purpose. You may not copy, modify, distribute, sell, or create derivative works from any part of the Services without our prior written consent.

11. Acceptable Use

You agree not to use the Services for any unlawful purpose, not to interfere with or disrupt the Services or their security, not to attempt to gain unauthorised access to any system or account, and not to use the Services in any way that could harm the Company or other users. We may suspend or terminate access for any breach of this Section.

12. Disclaimers

The Services are provided on an "as is" and "as available" basis without warranties of any kind, whether express or implied. The Company does not warrant that the Services will be uninterrupted, error-free, or free of harmful components, nor that the simulated environment will perfectly replicate live market conditions. Trading — even in a simulated environment — involves the demonstration of skill and carries no guarantee of passing a Challenge or receiving any Scholarship Service Fee. Nothing on the Services is financial advice.

13. Limitation of Liability

To the maximum extent permitted by law, the Company and its directors, officers, employees, and affiliates will not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits, data, or goodwill, arising from your use of the Services. In all cases, the Company's total aggregate liability to you will not exceed the total amount of fees you paid to the Company in the three (3) months preceding the event giving rise to the claim.

14. Indemnification

You agree to indemnify and hold harmless the Company and its affiliates from any claims, damages, losses, liabilities, and expenses (including reasonable legal fees) arising out of or related to your use of the Services, your breach of this Agreement, or your violation of any law or the rights of any third party.

15. Suspension and Termination

The Company may suspend or terminate your access to the Services, and disqualify any Challenge result or Scholarship Service Fee, at any time and without refund, if you breach this Agreement, engage in prohibited practices, or provide false information. You may stop using the Services at any time. Provisions that by their nature should survive termination (including intellectual property, disclaimers, limitation of liability, indemnification, and governing law) will survive.

16. Privacy

Your use of the Services is also governed by our Privacy Policy, which explains how we collect, use, and protect your personal information. By using the Services, you consent to those practices.

17. Governing Law and Dispute Resolution

This Agreement is governed by and construed in accordance with the laws of India. Subject to any right you may have under applicable consumer-protection law, the courts located in Jharkhand, India will have exclusive jurisdiction over any dispute arising out of or in connection with this Agreement or the Services.

18. Affiliate / Referral Program

PropScholar operates a Partner / Affiliate Referral Program through which eligible account holders may share their unique referral code or link with new customers. A referral code or link is valid only for a customer's first confirmed purchase and cannot be used for subsequent purchases by existing or returning customers. Under the standard program, the referred customer receives a 25% discount on their first eligible purchase, and the referring participant earns a 20% commission on the amount actually paid after the discount. Different rates may apply where expressly assigned by the Company. Commissions are credited to the affiliate wallet only after the referred order is confirmed. Commissions may be withheld or reversed if the related order is refunded, cancelled, charged back, or found to involve abuse. Paid referrals count toward Partner Program tiers: Associate (20), Partner (75), Senior Partner (200), and Managing Partner (500), with the benefits displayed in the affiliate dashboard or program page. Tier benefits, including custom referral codes, links, and giveaways, remain subject to eligibility and Company approval where applicable. Self-referrals, duplicate accounts, artificial purchases, coordinated referral manipulation, and attempts to bypass eligibility rules are prohibited. The Company may review device, IP, email, and payment information to detect suspected abuse and may withhold or reverse commissions, reject withdrawals, or suspend or terminate referral privileges following such review. Withdrawals are available to approved affiliates with sufficient wallet balance, subject to the minimum withdrawal amount displayed in the dashboard, accurate payout details, and applicable verification. Under the current withdrawal process, requests are accepted on Tuesdays (IST), and a participant may have only one pending withdrawal request at a time. Withdrawal requests are subject to review and approval; submission does not guarantee payment. The Company may change program rates, tier benefits, payout thresholds, and other conditions, or suspend or discontinue the program, with updated terms applying to future participation. Affiliate commissions are not wages or guaranteed income, and participants are responsible for applicable taxes.

19. Contact Us

If you have any questions about this Agreement, contact us at support@propscholar.com.

PropScholar Private Limited · CIN U85499JH2026PTC027330

Entire Agreement

This Agreement, together with the Privacy Policy and Refund Policy, contains the entire agreement between the Company and the Trader regarding the use of the Services and supersedes all prior understandings, agreements, or representations, whether written or oral. If any provision is found unenforceable, the remaining provisions will remain in full force and effect.