PROP Agreement

Welcome to BitFrog PROP Services.

BitFrog provides efficient, fast, and intelligent capital solutions for traders. Read and understand this Agreement before you begin trading.

This Agreement explains:

• Our service model and rules
• Your rights and obligations
• Our risk controls and liability limits

In this Agreement, BitFrog is referred to as “the Platform,” “we,” or “us.” A person or entity using our services is referred to as “you” or “User.” Together, we are the “Parties,” and individually, a “Party.” Any person or entity accessing or using the Platform through https://bitfrog.io is a Platform user.

By registering an account, accessing the Platform, or using any service, you confirm that you have read, understood, and voluntarily accepted this Agreement and all supplementary terms published by the Platform. This Agreement then becomes legally binding on both Parties.

We may revise this Agreement when business or legal requirements change. Revised terms take effect when published on the Platform. Continued use after publication confirms your acceptance of all revised terms. If you disagree with any term, including a revision, stop registering or using the Platform immediately.

Risk Disclosure and Platform Statement

Before using BitFrog PROP Services, understand and consider the following risks. Digital asset trading is not suitable for everyone. Make decisions based on your own circumstances.

1. Nature of digital assets
Digital assets are not legal tender. They are not issued by, or dependent on, any government, financial institution, or the Platform. Most digital assets remain outside established regulatory frameworks. Central banks and other financial authorities do not endorse or protect their value.

2. Market volatility
Digital asset prices can rise or fall sharply within a short period. Trading these assets involves substantial market risk.

3. Liquidity
Digital assets may not always have sufficient counterparties. Limited liquidity can prevent execution at your expected price. It can also prevent you from closing a position.

4. Technical risks
Digital asset transactions depend on the internet, blockchain infrastructure, and related technologies. Failures, vulnerabilities, attacks, protocol errors, or malicious exploitation may affect trading or cause losses.

5. Cybersecurity threats
Digital assets are highly dependent on technology and are frequent cyberattack targets. Private-key compromise or exchange attacks may result in irreversible losses.

6. Irreversible transactions
Each digital asset uses a specific deposit and withdrawal address. Assets sent to an incorrect address may be permanently lost. A completed withdrawal to an incorrect recipient address cannot be reversed.

7. Legal and regulatory uncertainty
Digital asset rules differ across jurisdictions. Authorities may restrict trading, use, or ownership. Such measures can materially affect value and liquidity. Banks and payment providers may also decline to support digital asset transactions.

8. Tax compliance
Profits from digital asset trading may be taxable under your local laws. You must understand and meet your tax reporting obligations. Seek professional tax advice where needed.

Reminder: The risks listed above are not exhaustive. Digital asset trading involves unpredictable risks. Assess your financial position and risk tolerance carefully. BitFrog accepts no legal liability for your trading losses.

I. Risks of Using the Services

You may encounter the following risks while using BitFrog PROP Services:

1. Network and system risks

• Communication and system failures: The internet is not fully reliable. Outages, congestion, server failures, and delayed or inaccurate data may affect trading and cause losses.
• Technical infrastructure: Trading depends on computer systems and communication equipment. Technical failures by you, us, or a third-party provider may disrupt the Services.

2. Security and attack risks

• Malware: Viruses, trojans, ransomware, and other malicious software may compromise your device or our systems.
• Phishing and fraud: Bad actors may impersonate the Platform or send false messages. They may seek passwords, verification codes, private keys, or other sensitive information.
• Account security: You are responsible for protecting account credentials. Losses from weak passwords, credential sharing, or outdated contact details are your responsibility.

3. Information and data risks

• Data transmission or storage may involve inaccurate information, missing content, delayed updates, or lost records. These issues may affect trading decisions or execution.

4. Regulatory and legal risks

• Changes in law or regulatory instructions may require us to suspend or terminate some or all Services. You may then lose access to your account or digital assets. We will meet compliance requirements but accept no liability for resulting losses.

II. Our Right to Act on Violations

If we reasonably determine that you have breached this Agreement, or if the Services or your use are unlawful under your local law, we may, without prior notice, suspend or terminate your account and all or part of the Services.

III. General Digital Asset Trading Risk Notice

Digital asset trading and investment involve substantial risk. They are not suitable for most people.

• You understand that trading may result in partial or total loss. Only use funds you can afford to lose completely.
• Trading may create additional risks not listed in this Agreement. Consult a lawyer, tax professional, or financial adviser when needed.
• We make reasonable efforts to ensure website accuracy. Errors, omissions, and delayed information may still occur. We are not liable for losses from inaccurate information, network interruptions, delayed notices, or failed transmissions.

Digital asset investments may involve unforeseeable risks beyond those stated here. Review the Risk Disclosure published on the BitFrog website for further information. That document is also not exhaustive. Make each trading decision independently based on your finances, risk appetite, and judgment. You bear all resulting consequences. We accept no liability for trading losses.

IV. Official Information Channel

https://bitfrog.io is BitFrog’s only official information channel. We do not guarantee information obtained through other websites or channels.

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V. Prohibited Conduct

1. Zero tolerance for illegal activities

You must not use the Platform for unlawful trading or activity, including:

• Money laundering or terrorist financing
• Fraud or smuggling
• Any other breach of applicable law

If we identify or reasonably suspect such conduct, we will take all available measures, including:

• Freezing relevant accounts
• Notifying competent authorities, including courts and regulators
• Refusing withdrawal or profit-sharing requests
• You bear all liability arising from illegal activity. We accept no liability and reserve all rights to seek recourse.

2. Prohibited abusive trading conduct

You must not manipulate markets or undermine fair trading, including:

• Artificially pumping or dumping prices
• Exploiting system vulnerabilities for profit
• Materially disrupting normal trading-system operations

If we identify such conduct, we may take preventive protective measures, including:

• Issuing warnings
• Restricting trading permissions
• Closing accounts
• Refusing withdrawals of profits arising from violations

We accept no liability for your abusive trading conduct and reserve all rights to seek recourse.

VI. Legal Notice

The Legal Notice forms an integral part of this Agreement. Read and understand it carefully.

1. General Provisions

1.1 This Agreement includes its main text, the BitFrog Privacy Policy, Risk Disclosure, Legal Notice, and all current or future Platform rules, notices, and instructions (collectively, “Supplementary Documents”).

1.2 Read this Agreement and the Supplementary Documents before using the Services. Consult a qualified lawyer if needed. If you reject any term or amendment, stop using the Services. Logging in or using the Services confirms full understanding and acceptance.

1.3 Clicking “Agree” or a similar button during registration, login, or use, or using the Services in any other permitted way, confirms your full acceptance. No handwritten signature is required for this Agreement to be binding.

2. Eligibility

2.1 You represent and warrant that you:

• Have read and accepted this Agreement, the Privacy Policy, Risk Disclosure, Legal Notice, and updated Supplementary Documents;
• Are at least 18 years old, or the legal age in your jurisdiction, and have full legal capacity;
• Have assessed your finances and risk tolerance, and accept all resulting losses;
• Are not a Restricted Person;
• Comply with all applicable laws, including tax reporting duties;
• Do not engage in conduct that harms the Platform or company interests;
• Do not use the Services in breach of applicable law; and
• Do not use the Services for unlawful purposes, including money laundering, smuggling, fraud, extortion, terrorist financing, or illegal gambling.

2.2 Registration Process

1. Before using the Services, register an account and provide a valid email address, mobile number, and other requested details. We will send login information by email. Law may require your legal name, identification, and updated registration information. You are responsible for its truthfulness, completeness, and accuracy, and for resulting losses.
2. Where your jurisdiction requires real-name registration of mobile numbers, you confirm that your provided number is registered accordingly. You bear any resulting losses if it is not.
3. You may use the Services after successful registration and activation.
4. You agree to receive Platform management and operational emails and/or messages.

3. Products and Services

3.1 Service Scope

The Services include trading Platform-provided capital in cryptocurrency markets, analysis tools, training, and education.

3.2 Product Types

The Services include a Challenge Phase and a Verification Phase. Your Challenge option applies to the subsequent Verification Phase. Parameters and trading pairs remain the same and cannot be changed once selected.

3.3 Account Management

3.3.1 Each User may hold only one account.

3.3.2 Your total Challenges and Verifications may be capped by total initial capital. You must not transfer or combine performance, parameters, or data across products.

3.3.3 Account access is protected by login credentials. Do not provide or share personal information with third parties.

3.3.4 You may request account cancellation on the product page. Once approved, you may no longer use the Services, including the account and trading platform. You are not entitled to a refund of fees already paid.

4. Trading Rules

4.1 You may place trades while using your account, except for strategies or practices prohibited by this Agreement.

4.2 You agree that we may access information about trades placed on the Platform. You agree to share this trading information with us.

4.3 Prohibited Trading Conduct

4.3.1 You must not intentionally or unintentionally use the following strategies:

(a) Exploiting Service errors, including incorrect displayed prices or delayed updates;

(b) Trading using external or third-party data feeds;

(c) Using software, AI, or any means that manipulates large data inputs to obtain an unfair advantage through our systems or Services;

4.3.2 The Services are for your personal use only. Only you may access your Challenge and Verification accounts or place trades.

4.4 If you engage in prohibited trading conduct:

(a) We may treat it as a failure to meet BitFrog adjustment or evaluation conditions;
(b) We may exclude results or remove records of trades that breach the Trading Rules;
(c) We may immediately cancel all Services and terminate this Agreement, or remove 1:5 product leverage from the violating account.

4.5 We accept no responsibility for your trading or other investment activities.

4.6 Financial markets change frequently and suddenly. Trading may be unprofitable and cause significant losses. We make no profit guarantee for simulated trading.

5. Fees and Payments

5.1 Fees vary by BitFrog plan. The fees shown on the Platform website prevail.

5.2 Challenge fees depend on factors including initial capital and accepted risk. Personal discounts may not combine with other offers unless we state otherwise.

5.3 Pay the fee for your selected Challenge option. Keep sufficient funds in your BitFrog account. We may deduct the Challenge fee directly. We may cancel an order for late payment or insufficient balance.

5.4 Challenge fees are denominated in USDT.

5.5 We may change fees after publishing notice on the website. Changes do not affect Services purchased before publication.

6. Suspension or Cancellation of Services

6.1 We may suspend, cancel, restrict, or stop your access to the Services if:

• You do not provide required identity-verification information;
• You breach this Agreement or Platform rules;
• We must comply with instructions from government, judicial, or regulatory authorities;
• Force majeure or an unexpected event prevents continued service; or
• We have another reasonable basis.

6.2 Service Use Commitments

You agree to comply with the following rules:

• Follow applicable laws. Do not conduct illegal activity or harm Platform or third-party rights;
• Protect your account, password, and mobile verification codes. You are responsible for all activity using them. Notify us immediately if a third party uses your account. Do not gift, lend, lease, or transfer the account without our consent;
• Accept responsibility for all account activity, including disclosures, published information, agreement acceptance, renewals, and purchases;
• Do not maliciously disrupt trading, interfere with the Platform or other users through technical means, or make false statements harming our reputation;
• Do not require us to provide information outside judicial or administrative processes in disputes with other users;
• Bear all taxes, hardware, software, service, and other costs from using the Services; and
• Follow updated Platform agreements and rules. You may stop using the Services at any time.

7. Platform Rights and Obligations

7.1 If you are ineligible, we may refuse registration or close a registered account. We retain the right to seek recourse and to decide whether to accept any registration.

7.2 We may suspend or terminate an account if its user is not the original registrant, or if we suspect theft or unauthorized use.

7.3 If we reasonably suspect that your information is incorrect, false, expired, or incomplete, we may require correction or updates, or suspend or terminate Services.

7.4 We may suspend or terminate an account suspected of illegal activity, fraud, market manipulation, or malicious market disruption.

7.5 We may correct manifest errors in Platform-displayed information.

7.6 We may suspend or terminate your account if we believe you breached this Agreement or Platform rules.

7.7 We may restrict, suspend, or terminate your account for other reasonable reasons.

7.8 We may modify, suspend, or terminate Services at any time without prior notice. A termination takes effect when announced.

7.9 We will use necessary technical and administrative measures to support normal Platform operations, a reliable trading environment, and orderly trading.

7.10 We may remove Platform content that breaches laws or Platform rules without prior notice.

7.11 We may require further information under laws, regulations, or orders in your jurisdiction. You must cooperate. We may suspend or permanently stop some or all Services where necessary.

7.12 If you breach this Agreement, we may disclose details of the breach, including your provided information, where necessary to protect other users or comply with applicable law.

8. Account Security

8.1 Take appropriate steps to protect your account. Back up information stored or transmitted through the Platform. Protect data and hardware against viruses and malware. We are not liable for claims or losses caused by your failure to comply.

8.2 Keep access credentials secure at all times. Use strong passwords, keep contact details current, prevent remote or shared-device access, never disclose passwords, and log out after each session.

8.3 Notify us immediately if you know or suspect unauthorized use or a security threat.

9. Privacy

The Privacy Policy forms part of this Agreement. It governs collection and use of personal data related to the Platform. It is updated on the Platform website from time to time. Registering or using the Services confirms your acceptance of all Privacy Policy terms.

10. Intellectual Property

10.1 All Platform intellectual property remains owned by the Company. This includes logos, databases, website design, text, graphics, software, photos, video, music, sound, compilations, and source code. You must not commercially reproduce, modify, transmit, or use these materials. All rights in the Platform name, including goodwill, trademarks, and logos, belong to us.

10.2 During this Agreement or while we provide Services, we grant you a non-exclusive licence to use intellectual property related to the Services, excluding trademarks. Accessing or using the Services does not transfer intellectual property to you.

10.3 Unless we give written permission, you must not:

1. Reproduce, modify, publish, transmit, distribute, display, perform, or sell Platform intellectual property;
2. Decompile, reverse engineer, or otherwise attempt to discover source code, algorithms, or concepts;
3. Use deep links, crawlers, bots, spiders, scripts, algorithms, or automated means to access, obtain, copy, or monitor any Platform part;
4. Reverse-look up, track, or attempt to track another user’s or visitor’s information;
5. Probe, scan, or test Platform or network vulnerabilities;
6. Interfere with Platform operations or trading using any device, software, or program;
7. Attempt unauthorized access through hacking, password cracking, or other unlawful means;
8. Forge, impersonate, or manipulate authentication to conceal identity or information source;
9. Distribute viruses, trojans, worms, or other malicious code;
10. Modify, copy, download, store, transmit, distribute, transfer, broadcast, publish, remove, or alter copyright notices, or sublicense, sell, lease, or create derivatives of Platform intellectual property; or
11. Breach applicable law or infringe Platform or third-party copyright, patents, trademarks, trade secrets, publicity rights, or privacy rights.

10.4 By accepting this Agreement, you assign to us, exclusively and without charge, all copyrights in information you publish on the Platform. This includes reproduction, distribution, rental, exhibition, performance, broadcasting, online communication, adaptation, translation, and compilation rights. We may independently pursue infringement claims and recover all compensation.

10.5 Do not unlawfully use or dispose of Platform or third-party intellectual property. Do not republish Platform-posted information or authorize its use by other websites or media.

11. Indemnification

11.1 You will indemnify and hold us harmless from all third-party, governmental, or industry claims, actions, demands, disputes, allegations, investigations, liabilities, damages, losses, costs, and expenses. “Losses” include direct, indirect, consequential, profit, and reputational losses, interest, fines, reasonable legal fees, and professional costs. This applies to Losses arising from: (a) your account or Service access or use; (b) breach of applicable law; (c) breach of this Agreement or Supplementary Documents; or (d) infringement of third-party rights.

11.2 You release us from all claims and demands arising directly or indirectly from disputes with other users or third parties relating to the Services, including digital asset transactions, or this Agreement. You waive rights against us for related losses.

12. Right to Seek Injunctive Relief

Both Parties acknowledge that legal remedies may be insufficient for your actual or threatened breach. We may seek injunctive relief and all other remedies available at law or in equity.

13. Limitation of Liability and Disclaimers

13.1 To the maximum extent permitted by law, the Platform disclaims all statutory and contractual warranties.

13.2 Under no circumstances are we liable to you or anyone else for:

• Loss of income, investment profits, or principal;
• Losses from Service interruption, suspension, delay, or system unresponsiveness;
• Losses from technical errors or information issues;
• Loss of opportunity, goodwill, or reputation;
• Losses caused by an incorrect receiving account or address entered by you;
• Assets transferred to your account that the Platform does not support;
• Data corruption, loss, inaccuracy, or transmission delays;
• Theft of equipment;
• Costs of substitute products or services;
• Any indirect, special, or incidental loss, except where caused by our wilful misconduct or gross negligence; or
• Any risk identified in the Risk Disclosure.

13.3 We are not liable for losses caused by:

• Your material breach of law or this Agreement;
• Your suspected unlawful or unethical conduct;
• An account freeze or payment stop resulting from a judicial investigation or order;
• Costs and losses from obtaining information or trading through the Services;
• Your misunderstanding of the Services; or
• Other losses not caused by us.

We are not liable for losses caused by service unavailability or delay due to network maintenance, service maintenance, connection failures, computer, communications, or other system failures, power failures, hacking, viruses, weather, accidents, strikes, labor disputes, riots, uprisings, shortages, fire, flood, storms, explosions, war, banks or other partners, digital asset market collapse, government action, judicial or administrative orders, events outside our control, or third-party causes.

13.4 We cannot guarantee that all Platform information, programs, or text are fully secure or free from viruses, trojans, or other malware. Accessing or using the Services, or downloading and using programs, information, or data, is your own decision and risk.

13.5 We make no warranty or commitment regarding third-party websites linked through the Platform, including their information, products, services, or content. Your use of them is your own decision and responsibility.

13.6 We make no express or implied warranty regarding the Services, including fitness, freedom from errors or omissions, continuity, accuracy, reliability, or fitness for a particular purpose. We make no commitment regarding the validity, accuracy, correctness, reliability, quality, stability, completeness, or timeliness of related technology or information. Access and use are your own decision and risk.

13.7 The warranties and commitments stated here are our only warranties and representations regarding this Agreement and the Services. They replace all other written, oral, express, or implied warranties. They are our commitments only and do not guarantee third-party compliance.

13.8 The Services do not constitute investment advice or a recommendation. We do not authorize employees or representatives to provide investment opinions or advice.

13.9 We do not waive any right, to the maximum extent permitted by law, to limit, exclude, or offset liability for damages not addressed in this Agreement.

13.10 By activating or using the Services, you acknowledge that you bear all risks arising from our actions under this Agreement.

13.11 These limitations and disclaimers apply to the maximum extent permitted by law and survive termination, invalidity, or cessation of Service use.

14. Third-Party Services

We may provide certain Services through third parties. You authorize these parties to connect to your account and use your data to provide Services. You agree not to hold us liable for any act or omission of a third party with account access. You will indemnify us from related liability. You may change or remove granted third-party permissions at any time through account settings.

15. Termination

15.1 We may unilaterally terminate this Agreement if you do not complete Challenge Phase registration and payment.

15.2 We may terminate all Platform Services under this Agreement. This Agreement terminates on the date all Platform Services end.

15.3 After termination, you cannot require us to provide Services or perform further obligations. This includes retaining or disclosing information in your former account, or forwarding unread or unsent information to you or any third party.

15.4 Termination does not affect the non-breaching Party’s right to seek other liability from the breaching Party.

16. Dispute Resolution

16.1 Any dispute arising from or relating to this Agreement, related documents, or transactions, including its existence, validity, termination, or related non-contractual obligations (a “Dispute”), must first be submitted for amicable resolution through negotiation.

16.2 If negotiation does not resolve a Dispute, it will be arbitrated under the current rules of the Hong Kong International Arbitration Centre (“HKIAC”). The seat is Hong Kong. The tribunal consists of one arbitrator appointed under the then-current HKIAC rules. The arbitration language is English. The award is final and binding. This arbitration clause survives termination.

16.3 You agree to bring Dispute claims only in your individual capacity. To the extent permitted by law, you waive any right to bring, hear, or arbitrate claims as a joint, class, representative, or private attorney general action.

17. Assignment

The rights and obligations in this Agreement bind and benefit permitted assigns, heirs, executors, and administrators. You may not assign this Agreement to a third party without our consent. Any unauthorized assignment is void.

We may assign our rights and obligations under this Agreement as part of a merger, acquisition, sale, or other change of control.

18. Entire Agreement

This Agreement, as updated from time to time, and all published Platform rules, as updated from time to time, form the entire agreement between you and the Platform regarding the Services.

19. Severability

If a court of competent jurisdiction finds any provision unenforceable, invalid, or illegal, the remaining provisions remain effective.

20. No Agency Relationship

Nothing in this Agreement creates, implies, or otherwise makes us your agent, fiduciary, or representative, unless this Agreement expressly provides otherwise.

21. Waiver

Either Party’s waiver of a breach or liability under this Agreement does not waive any other breach or liability. Failure to exercise a right or remedy does not waive that right or remedy.

22. Force Majeure

We are not liable for delayed or failed performance under this Agreement caused by a Force Majeure Event.

23. Headings

All headings are for convenience only. They do not expand or limit the meaning or scope of any provision.

24. Governing Law

This Agreement is made under the laws of the Hong Kong Special Administrative Region. Its formation, interpretation, content, and performance are governed by Hong Kong law. Any claim or action relating to the Services is governed, interpreted, and enforced under Hong Kong law.

25. Notices

25.1 We may send notices by email to the address you provide. Keep this address current and accurate. A notice sent to that address is deemed sent and received, whether or not we receive a delivery-failure notice.

25.2 Any notice, consent, or other communication under these terms must be in writing, in English, and signed or otherwise authorized by the sending Party.

26. Complaints and Suggestions

Contact us through official channels with any complaint about the Services or suggestion for improvement.

27. Effectiveness and Interpretation

27.1 This Agreement takes effect when you register as a Platform user or access, log in to, or use the Platform. It is binding on both Parties.

27.3 The Platform retains final interpretation rights for this Agreement.

28. Definitions

“Applicable Law” means all relevant or applicable statutes, laws, including common law, equitable principles, rules, regulations, regulatory principles and requirements, notices, orders, writs, injunctions, judgments, rulings, directions, announcements, mandatory codes, guidance, practice notes, and interpretations. This includes requirements of governmental, regulatory, other authorities, or self-regulatory organizations of which the Platform is a member. It applies to the provision, receipt, or use of the Services, or related products, deliverables, these terms, or any User Agreement.

“Digital Assets” means digital representations of value or rights that can be transferred and stored electronically using distributed ledger technology or similar technology. They include cryptocurrencies, stablecoins, non-fungible tokens, and tokenized derivatives of other digital assets.

“Email Address” means the account-related email address agreed with the Platform from time to time under Platform procedures.

“Force Majeure Event” means:

A. Any fire, strike, riot, civil unrest, terrorism, war, or labor action;

B. Any natural disaster, including flood, tornado, earthquake, or hurricane;

C. Any epidemic, pandemic, or public-health emergency of national or international concern;

D. Any act or regulation issued by a government, supranational body, or authority that we consider prevents the provision of Services, or any act or regulation otherwise hindering such provision;

E. Suspension or closure of any other affiliated partner;

F. Nationalization of any affiliated Platform partner;

G. Government restrictions or abnormal terms imposed on any Digital Asset traded through the Platform;

H. Excessive changes in the price, supply, or demand of any Digital Asset;

I. Technical failures of transmission, communications, or computer facilities, including power, electronic, or equipment failures;

J. Failure by any supplier, introducing broker, agent, custodian, sub-custodian, dealer, trading venue, staking platform, liquidity pool, cross-chain bridge provider, secured Digital Asset issuer, market maker, clearing organization, or regulator to meet its obligations to the Platform;

K. A liquidity provider’s failure or inability to provide liquidity;

L. Any labor or industrial dispute, strike, labor action, or work stoppage; and/or

M. An event that materially disrupts Digital Asset markets, including excessive changes in price, supply, or demand.

“Intellectual Property” means legally created rights with proprietary value arising from intellectual activity by the Company, its officers, management, employees, or external suppliers. This includes trademarks, logos, databases, website designs, text, graphics, software, programming, photos, recordings, video, film, music, sounds, compilations, source code, applications, mobile apps, scripts, scenarios, patents, design rights, copyrights, trade secrets, and other rights, titles, and interests, whether registered or not. It also includes registration applications and rights to apply, plus equivalent or similar protections anywhere in the world.

“Regulatory Authority” means any foreign, domestic, state, federal, municipal, or local governmental, administrative, legislative, judicial, supervisory, or regulatory authority, agency, quasi-governmental body, court, commission, government organization, self-regulatory organization, tribunal, arbitral tribunal, expert panel, supranational organization, or any of their departments or agencies, including tax authorities.

“Trademarks” means intellectual property in trademarks, service marks, and logos used or displayed on or through the Platform, website, and/or Services.

For questions, contact us through official channels. Thank you for your trust and support. We wish you successful trading.