Last updated: February 2026
By accessing and using the Telos Capital website and services, you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you must not use our services. Telos Capital is a trading name of Telos Holdings Pty Ltd (ABN 22 687 704 936), registered in Australia. References to "Telos Capital" include Telos Holdings Pty Ltd, Patrick Bailouni, Bailouni Enterprises (ABN 49 419 296 048), and all associated directors, officers, employees, contractors, and agents.
All trading conducted through Telos Capital's platform occurs in a simulated environment. No real funds are placed in any financial market at any stage — neither during the evaluation phase nor during the funded phase.
Telos Capital provides software solutions and technical tools that simulate trading conditions. When you purchase an evaluation, you gain access to a simulated trading account. If you pass the evaluation, you receive access to a simulated funded account. "Funding," "funded account," "capital," and similar terms used on this website refer exclusively to virtual (simulated) funds within our platform, not real money placed in live financial markets.
Profit-sharing payments made to successful traders are paid from Telos Holdings Pty Ltd's own business revenue and are not derived from actual market trading profits.
You must be at least 18 years old to use our services. You are responsible for ensuring that your use of our services complies with all laws and regulations applicable in your jurisdiction. Telos Capital reserves the right to restrict access from certain jurisdictions at its sole discretion.
All evaluation challenges are conducted on simulated accounts. Participants must adhere to the following rules:
Accounts with no trading activity for 30 consecutive days will be suspended and terminated. Breach of any rule results in immediate termination. Telos Capital reserves the right to modify evaluation rules with reasonable notice.
Upon successful completion of the evaluation challenge, participants receive access to a simulated funded account. This account operates under the same simulated trading environment as the evaluation account. All positions, profits, and losses within the simulated funded account are virtual.
The same maximum drawdown rule (6%) applies to simulated funded accounts. Breach of this rule results in termination of the simulated funded account.
Evaluation fees are one-time payments charged at the time of purchase:
Refund Policy: Evaluation fees are non-refundable. No refunds are available for change of mind, failed evaluations, voluntary withdrawal, or rule breaches. Upon passing the evaluation and reaching the 10% profit target on Level 1, 50% of the profit earned during the evaluation phase is paid out to you. By purchasing an evaluation, you acknowledge that you have read and understood these terms and accept the non-refundable nature of the fee.
Profit Sharing: Successful traders on simulated funded accounts receive a share of their simulated profits (up to 100% at higher scaling levels). These payments are made from Telos Holdings Pty Ltd's business revenue, not from actual trading profits. Telos Capital reserves the right to verify simulated trading activity before processing payments.
Traders who demonstrate consistent simulated profitability may be eligible for increased simulated account sizes under our scaling plan. Scaling decisions are at Telos Capital's sole discretion and are subject to continued compliance with all trading rules. Simulated account sizes may scale up to a maximum of $4,000,000 in simulated funds.
All content, branding, software, and materials on this website are the property of Telos Holdings Pty Ltd. You may not reproduce, distribute, or create derivative works without express written permission.
Telos Capital is not a broker, financial advisor, investment manager, or fund manager. We do not hold an Australian Financial Services Licence (AFSL) and are not authorised to provide personal financial advice under the Corporations Act 2001 (Cth).
Nothing on this website, in our communications, or in any content published under the Telos Capital name constitutes financial advice, investment advice, or a recommendation to trade real financial instruments. All information provided is for educational purposes only. All trading decisions — whether simulated or real — are made by you and are your sole responsibility. We strongly recommend seeking independent financial advice before engaging in any real trading activity.
Telos Capital shall not be liable for any indirect, incidental, or consequential damages arising from the use of our services, including but not limited to loss of expected profits, data, or business opportunities. Our total aggregate liability is limited to the evaluation fee paid by you in the 12 months preceding the claim. Telos Capital does not guarantee platform uptime, execution speed, or data accuracy in the simulated environment.
Telos Capital may terminate your access to our services at any time for breach of these Terms, suspected fraudulent activity, or at our sole discretion. Upon termination, all access to simulated accounts is revoked. Any pending profit-sharing payments may be withheld pending investigation.
These Terms are governed by the laws of Victoria, Australia. Any disputes shall be resolved in the courts of Victoria, Australia. By using our services, you consent to the exclusive jurisdiction of these courts.
Detailed policies that govern trading on Telos Capital accounts.
Our data shows that traders who trade without a stop-loss usually don't last long. Using a stop-loss helps protect your account and encourages smart risk management.
Trading without a stop loss puts your capital at risk and is not sustainable in the long run.
Example: If you open a buy trade on EURUSD, you need to set your stop loss within 1 minute. You can either:
This ensures that every trade is protected and complies with our risk management rules.
What Happens If I Don't Use a Stop Loss?
Not using a stop loss is considered a soft breach, which means:
How To Use the Stop Loss?
Telos Capital gives you the freedom to copy trades across accounts for smoother trading, but with clear rules to protect integrity and ensure it's you trading, not someone else.
You can copy trades as long as the Telos Capital account used is the Master Account.
Is Copy Trading Allowed?
What's Not Allowed in Copy Trading?
Telos Capital does not allow any form of third-party or outsourced trading.
If you're unsure about a copy trading setup, please contact our support team at support@telostraders.com and get approved before you start.
We want to keep Telos Capital a safe, fair, and secure trading environment while still giving traders the flexibility they need — whether you're at home, travelling, or using trading tools like EAs, VPNs, or VPS systems.
IP Address Rules
We understand that your IP address can change, especially if you travel, switch networks, or trade from different locations. We do NOT ban accounts just for IP changes. But we do monitor for suspicious patterns to prevent fraud, account sharing, or coordinated trading.
Travelling & International IP Changes
Trading while travelling is allowed — just keep Telos Capital informed. If you trade from a different country than the one you signed up with, you must email us with your travel dates, destination country, and proof of flight or accommodation. Email: support@telostraders.com
Device Limits: Max 2 Devices Per Trader
VPN Policy
VPNs, proxies, and IP-masking services are not permitted under our trading rules. Any trading activity associated with VPN usage may lead to investigation, disqualification, or account termination.
VPS Policy
VPS usage is permitted only under the following conditions:
If you wish to use a VPS, you must request pre-approval before trading. Please email support@telostraders.com for approval. Trading from an unapproved VPS may result in account review or breach.
Acceptable Behaviours
Prohibited Behaviours
Consequences of Non-Compliance
Failing to follow Telos Capital's IP and device security rules may trigger an account review, temporary suspension, or — in more serious cases — account closure. This includes unexplained or fraudulent IP changes, sudden location switches that do not match your travel history, sharing VPS access with others, or attempts to bypass Telos Capital's security framework.
If you plan to travel internationally, please notify us before you begin trading from a new country by emailing your travel itinerary to support@telostraders.com.
We look for skilled, independent traders who bring their own ideas and strategies to the table. We support and reward genuine trading talent.
These guidelines help ensure that all traders succeed based on real skills and responsible strategies, not by exploiting system loopholes or unfair tactics.
The following prohibited trading methods are not allowed:
Certain EA Types
Group Hedging / Hedging / Group Trading / Copy Trading
Account Sharing / Reselling / Account Management
One-Sided Bets
When a trader repeatedly places trades in only one direction without proper analysis or consideration of market conditions.
Gamble Behaviour / Over-Leveraging
Using excessive risk on one trade idea, risking the entire drawdown limit in one go, or overleveraging.
Bracketing Strategies
Placing both Buy-Stop and Sell-Stop orders above and below the market price, triggering one of the trades, while the other is cancelled or quickly closed.
Martingale Trading Style (Excluding the 1-Step Challenge)
Adding more positions to losing positions as the market moves against the original trade.
Grid Trading
Grid trading is a strategy where traders place multiple buy and sell orders at set price levels above and below the current market price, creating a "grid" of trades. Grid trading is not allowed on any program.
If any prohibited methods are detected, we'll do our best to guide you back on track and resolve the issue together. However, misuse can result in losing your funded account, being permanently banned from our programs, or being denied future access.
If you're unsure whether your strategy is permitted, contact us at support@telostraders.com.
At Telos Capital, hedging is not allowed on any of our funding programs.
We want every trader's performance to reflect their own strategy, risk management, and decision-making. This helps us evaluate traders fairly and consistently.
What Counts as Hedging?
Even if unintentional, these behaviours fall under hedging because they artificially remove risk and can be used to manipulate results across accounts.
Why Is Hedging Not Allowed?
Our goal is to maintain a fair, transparent, and consistent evaluation environment. Hedging can distort true performance, create artificial outcomes, and make it difficult to assess a trader's actual edge.
What Happens If Hedging Is Detected?
Yes! Telos Capital supports the use of Expert Advisors (EAs) and automated trading systems, provided they follow our approved guidelines.
We want traders to use tools that genuinely reflect their own strategy, while keeping the trading environment fair, ethical, and safe for everyone.
1-Step Challenge
You may use any third-party EA, even if you do not own the source code. However, using a popular or widely distributed EA may put your account at risk of a coordinated trading violation if it produces trades highly similar (entry, timing, size, behaviour) to those of other Telos Capital traders.
What You Must Provide
You must provide the EA source code to Telos Capital upon request so our risk team can verify its behaviour and ensure it does not violate prohibited trading methods.
What Is Not Allowed (All Programs)
To protect the integrity of our platform, the following automated behaviours are strictly prohibited:
Exploiting Market or Price Feed Inefficiencies:
High-Frequency Trading or Ultra-Fast Scalping:
Arbitrage Bots (All Forms):
If you're unsure whether your EA is permitted, reach out to us at support@telostraders.com.
At Telos Capital, we want traders to succeed through skill, discipline, and strong risk management. One-sided bets go against those principles because they rely on hope rather than strategy.
What Is Considered a One-Sided Bet?
A one-sided bet occurs when a trader commits to one direction (either BUY or SELL). This typically involves treating a single trade idea like a lottery ticket instead of a structured decision. Examples include:
Consequences of One-Sided Betting
Depending on severity and history, actions may include:
At Telos Capital, our mission is to help traders build long-term, sustainable profitability. Gambling behaviour and over-leveraging undermine that goal because they rely on luck rather than skill, discipline, or risk management.
Why These Behaviours Cannot Be Monetised in Live Markets
Telos Capital works with live market execution and real liquidity. That means your trading must be sustainable and replicable in the long term.
If a strategy cannot survive real market conditions, Telos Capital cannot allocate capital to it.
What Is "Gambling Behaviour"?
Telos Capital's Fairness Approach — Mistakes Are Okay
We understand honest mistakes happen. That's why you may receive:
If the behaviour continues, Telos Capital may apply challenge failure, funded account termination, ineligibility for payouts or upgrades, or formal warnings.
At Telos Capital, we want traders to succeed through skill, consistency, and responsible risk management. Two trading styles — Martingale and Grid Trading — are known to create extreme, uncontrolled risk. Because of this, Telos Capital restricts how these methods can be used.
Martingale Trading Style (Prohibited — Except on the 1-Step Challenge)
Martingale is a high-risk strategy in which a trader keeps adding more positions (regardless of position size) when the market moves against them, hoping the price eventually retraces.
What Is Still Allowed on All Programs?
Telos Capital permits limited scaling into a losing position as long as it remains controlled and responsible:
Grid Trading — Not Allowed on Any Program
Grid trading involves placing multiple buy and sell orders above and below the current price, forming a "grid." As prices move, orders get triggered at each level. Grid trading is NOT allowed on any Telos Capital program.
If you're unsure whether your strategy is permitted, contact us at support@telostraders.com.
At Telos Capital, our goal is to support traders in building long-term, sustainable success using professional risk management.
In some cases, based on your trading history or specific behaviours, our team may apply tailored risk parameters to help you grow with structure and consistency.
What This Might Look Like
Our team may identify the need for more structure, and you may be asked to trade within certain risk thresholds temporarily, which could include reduced leverage and/or risk control. A few examples of such trading activity:
These risk measures aren't set in stone — we take into account several factors, such as your trading style, account size, the number of trades you run simultaneously, and your risk approach. Everything is reviewed in context, and our goal is to tailor the risk framework to support your long-term growth.
If you're unsure or need help understanding your risk profile, contact us at support@telostraders.com.
To keep your account active, you must place at least one trade every 30 days to avoid account suspension. This can be any trade size — even a small one.
What Happens If You're Inactive?
Will You Remind Me Before the 30th Day?
You'll get email reminders on Day 28 and Day 30. These reminders are sent to the email address you signed up with.
When Does the 30-Day Timer Start?
The countdown starts from your last trade, whether you opened or closed a position, whichever came last.
What Do I Do If I'm Going for a Long Break?
Yes, you can hold trades overnight and over the weekend with Telos Capital.
All traders are free to keep positions open through the weekend on all our funding programs and at every stage, including after becoming funded.
For crypto traders, markets run non-stop — 24/7 trading is always available, even when traditional markets take a break.
However, weekend holding comes with extra risk:
Before the weekend, review your exposure and make sure your stop-losses and risk management are set appropriately.
Congratulations! Once you meet your trading objectives, here's what to expect:
Step-by-Step After Reaching Your Target
Do not use the Investor Password — it only gives you read-only access.
Merging Funded Accounts
Telos Capital does not offer account merging for any of our programs. Each account must be used and managed separately to ensure accurate tracking of performance, rewards, and trading activity.
When you first sign up with Telos Capital, you don't need to complete KYC right away. However, you will need to verify your identity once you pass or request a payout (whichever comes first).
When Is KYC Required?
How to Complete KYC in the Dashboard?
We use a secure third-party service "SumSub" to handle verification.
KYC Documents You'll Need
IMPORTANT: Only 1 Verified Account Per Trader
Each trader is allowed only 1 verified profile. Once your KYC is approved, your identity is linked to that profile, and you cannot create or use another profile with the same ID or personal details.
Zero Tolerance Policy
Providing false KYC information or attempting to use someone else's identity is illegal. If you commit KYC fraud:
Having trouble with your KYC? Send your documents to support@telostraders.com. We'll help you right away.