Program

Prohibited Activities

Effective date: July 14, 2026  ·  Last updated: September 30, 2026

This policy sets out what is not permitted in Talon programs. It applies to every account, in both the T-Flight evaluation phase and the Crest simulated-funded phase, and forms part of our Terms of Use.

Talon programs are designed to identify traders whose own skill and discipline produce consistent results. Every rule below exists to protect the integrity of that assessment. Read this policy before you trade — not knowing a rule is not a defence.

1. Automated, algorithmic, and high-frequency trading

All orders must be the result of your own discretionary decisions, entered manually by you. The following are prohibited:

• Algorithmic, automated, or systematic trading of any kind, including expert advisors, bots, scripts, auto-traders, and any software that generates or submits orders without a decision from you on each trade;
• High-frequency trading (HFT), including any strategy relying on order speed, message rate, or execution latency rather than on market judgement;
• Latency arbitrage, quote-feed arbitrage, and any strategy that seeks to profit from the timing difference between our simulated environment and the live market;
• Tick scalping and similar techniques whose profitability depends on simulated fill behaviour rather than on real market movement.

2. Outsourced trading and third-party decision-making

You must trade your own accounts. You may not delegate, outsource, or surrender your trading decisions or order placement to anyone else. The following are prohibited:

• Allowing any other person to trade, manage, or place orders on your account, whether paid, unpaid, or reciprocal;
• Account management, "passing", or challenge-completion services of any kind;
• Signal services, copy-trade services, and mirror-trading services that replicate a third party's orders into your account;
• Sharing, selling, renting, transferring, or offering access to your account or credentials;
• Trading an account registered in another person's name, or permitting anyone to trade an account registered in yours.

3. Group, coordinated, and multi-identity activity

• Coordinating trades, entries, exits, or strategies with other traders in a way designed to hedge, offset, or guarantee an outcome across accounts;
• Opening or controlling more than one profile, or registering under another person's name, identity, or documents;
• Holding accounts through a family member, associate, or nominee in order to exceed account limits or evade a prior enforcement decision;
• Holding opposing positions — one long, one short — in the same instrument, in a micro or mini contract of that instrument, or in another instrument of the same asset class, across two or more of your accounts at the same time, is prohibited whether or not the positions were intended to offset one another. Any such occurrence taking place on or after September 30, 2026 results in the failure of every account involved and forfeiture of all accumulated simulated gains on those accounts, regardless of when any of those accounts were purchased. Replicating your own orders in the same direction across your own accounts remains permitted under Section 2. Asset classes are set out in the Appendix to this policy;
• Exceeding the maximum number of accounts permitted per trader.

4. Concealing your location or identity

• Using a VPN, proxy, remote desktop, virtual machine, or any other tool to disguise or misrepresent your location, device, or identity;
• Accessing a Talon account from a restricted jurisdiction, or from any location from which you are not eligible to participate under our Eligibility & Restricted Jurisdictions policy;
• Providing false, incomplete, or misleading information at registration, at verification, or in connection with a reward request.

5. Disproportionate risk

The following are prohibited:

• Sizing calculated to reach a profit target in one or a few positions rather than through a series of trades — that is, using position size to skip the assessment rather than to express a view;
• Deliberately trading a Crest account down towards the floor in order to "gamble" a failing account, or intentionally failing an account for any purpose;
• Sizing intended to exploit the difference between the cost of a new evaluation and the value of a potential reward.

Separately from this policy, how you manage size and risk is something we look at when deciding whether to offer a live-funded arrangement. That is a decision about extending an opportunity, not a penalty — see Section 9 of the Payouts (Rewards) Policy.

6. Using the drawdown threshold as a stop-loss

The trailing drawdown threshold and the daily loss limit are risk boundaries that end or halt an account. They are not a trading tool. Deliberately allowing a position to run into the trailing threshold, or relying on the threshold or daily loss limit to close positions in place of managing your own risk, is prohibited.

7. Overnight and weekend positions

Talon accounts are evaluated on an intraday basis only. All positions must be closed before the daily session close. Any position still open at 17:00:01 US Eastern fails the account.

Where a position is open at that time we may close it, or allow the platform to close it, without notice. Flattening the position does not undo the breach: the account is failed either way.

• T-Flight. The evaluation is failed. T-Flight evaluations are not reset — a new evaluation must be purchased.
• Crest. The account is failed, all accumulated simulated gains are forfeited, and any reward request under review and not yet approved is cancelled.

This applies to every session, including Friday. Positions must be flat before 17:00:01 Eastern on Friday and may not be carried into the Sunday 18:00 Eastern open.

8. Exploiting errors, outages, and platform behaviour

• Knowingly taking advantage of an erroneous quote, stale or frozen price, mispriced instrument, incorrect balance, provisioning error, or any other platform or data fault;
• Exploiting a defect in our site, checkout, promotions, coupon codes, or dashboard, including reusing or manipulating a discount code beyond its intended terms;
• Attempting to access accounts, systems, or data that are not yours, or interfering with the operation or security of our services.

If you become aware of an error that operates in your favour, you must report it promptly to support@talontraderfunding.com and must not trade on it.

9. Market conduct

Any conduct that would constitute market abuse, manipulation, or a prohibited practice if carried out in a live market is prohibited in our simulated environment, whether or not it is capable of affecting a real market.

10. Qualifying days and flipping

A trading day counts as a qualifying day only if the net result for that day moves by at least the threshold for your program. A gain or a loss both count — a genuine losing day is still a real trading day.

Placing token, negligible, or self-cancelling trades to manufacture qualifying days is prohibited. So is opening and closing positions without genuine market exposure — "flipping" — in order to satisfy a day count.

11. Payment conduct

Initiating a chargeback or payment dispute without first contacting us is a breach of this policy and of our Refund & Billing Policy. If you have a billing concern, email support@talontraderfunding.com and we will address it.

12. Abuse of staff

Threatening, harassing, or abusive conduct towards Talon personnel is prohibited and may result in closure of your profile.

13. Reporting

If you become aware of conduct that breaches this policy, tell us at support@talontraderfunding.com. Reports are treated confidentially.

Appendix — Asset classes

This appendix defines the asset classes referred to in Section 3. Two positions are in the same asset class if both instruments appear in the same group below. A full-size contract and its micro or mini are always in the same group.

A currency contract and its micro are one asset class. Different currencies are not. 6B, 6C, 6J, 6S and 6N are each treated as their own asset class, and the Euro and Australian dollar groups do not combine with one another. Every currency contract is priced against the US dollar, so a position in one currency against a different currency is an ordinary cross-currency trade rather than a hedge.

Any permitted instrument not listed above is treated as its own asset class. This appendix may be extended as instruments are added to the programme; the version in effect when your account was purchased is the version that applies to that account.