Prop Number One does NOT allow traders to have third parties (including friends, relatives and family members) trade or copy trading signals from signal rooms to its users.
The only person who can operate on your trading account is the person who is registered to the account.
Context and Objectives
On Prop Number One, each trader must operate independently and autonomously on his or her account. This means that:
Traders cannot delegate trading to other people, including friends, relatives or family members.
Copying trading signals from signal rooms or external providers is not allowed.
The only person authorized to operate on an account is the official account holder.
The introduction of this policy has two main objectives:
Prevent Delegated Trading:
Prevent inexperienced traders from entrusting the management of their account to others, risking losing control over their capital.
Prevent unauthorized persons from accessing multiple accounts, compromising the fairness of the platform.
Counter Social Trading and Copying Signals:
Block the use of copy trading services that can alter the normal functioning of the market.
Ensure that each trader makes decisions based on their own personal analysis and strategies.
This rule was established to ensure that each operation is carried out responsibly and in accordance with the policies of the platform, avoiding practices that could compromise the transparency and security of the system.
Prohibited Activities
To ensure compliance with this rule, Prop Number One explicitly prohibits:
Managing third-party accounts: It is not permitted to operate on accounts registered to other traders, regardless of personal or professional relationship.
Copy trading and receiving signals from third parties: Any strategy that relies on the automated or manual replication of operations from external sources is considered a violation.
Sharing login credentials: Each trader must keep their credentials confidential and not share them with anyone.
Control Mechanisms and Sanctions
Prop Number One uses an advanced monitoring system to identify suspicious behavior and ensure compliance. Controls include:
Trading Pattern Analysis: An account is checked to see if it consistently replicates trades made by other traders.
Login Monitoring: Logins from suspicious devices and IP addresses that may indicate account misuse are checked.
Manual Review of Reported Accounts: If anomalous activity is detected, the Compliance Team can conduct in-depth checks.
If a violation is confirmed, Prop Number One reserves the right to:
Send a formal warning to the trader.
Restrict access to the account.
Suspend or permanently close the account in the event of serious violations.
What happens if I am warned about Social Trading/Management misuse?
You can consult the parameters and consequences of the violation in detail at this link: https://faq.propnumberone.com/en/articles/10626529-risk-controls-for-management-and-social-trading
Impact and Benefits
The implementation of these rules guarantees:
Trading fairness: Each trader operates independently and responsibly.
Platform integrity: The rules prevent abuses related to automated grid strategies.
Transparent and responsible environment: The controls and sanctions provided for ensure the application of ethical trading practices.
Conclusions
Prop Number One's Social Trading/Management rules are designed to protect the fairness and integrity of the system, ensuring that traders can benefit from this strategy without compromising the market.
By operating independently and respecting these criteria, each trader contributes to maintaining a healthy, transparent and competitive trading environment