Telos Capital sells a one-step evaluation for simulated trading accounts of $10,000, $40,000 and $80,000. The rules are short: a 10% profit target, a 6% maximum absolute drawdown, no time limit, no minimum trading days and 1:10 leverage. Evaluation fees are one-time payments of $250, $800 and $1,400, and the Terms say they are non-refundable.
After passing, traders move through levels that each carry a further 10% target. The firm says profit splits run from 50% on evaluation profits to 60% at Level 1 and 70% from Level 2, and that from Level 2 a trader can either raise the split by 10% per target up to 100% or double the account up to $2,000,000 at 70%. It says two accounts can be run for a total of up to $4,000,000 in simulated funds.
The site states that all accounts, including funded ones, are simulated and that profit-sharing payments come from Telos Holdings Pty Ltd's business revenue. The same site also sells trading education under the Telos Evolve name. This review uses only the firm's own pages.
Everything in this review comes from Telos Capital's own web pages, saved on 11 October 2026. Rules and prices change, so check the firm's site before you buy.
| Highest profit split | Up to 100% source Firm's wording: “Increase Profit Split — Keep the same account size but raise the profit split by 10% with each target, up to 100%.” |
|---|---|
| Account types | 1-Step evaluation source |
| Markets | Forex, Indices, Commodities, Metals, Crypto source |
| Allowed / offered on at least one account type |
Rules can differ between account types — check the linked page for the account you want. |
| Not allowed, or rules that apply (firm says so) |
There is one programme, the 1 Step Evaluation, in three sizes. The Terms list the fees as one-time payments charged at purchase. The homepage shows the $80,000 account with a "$1,400 evaluation fee" and does not present it as a discounted price. The rules are the same for every size. On 11 October 2026 the homepage still showed a "May Enrolment Open" banner next to Get Funded, so check whether applications are currently open before buying.
| Account size | Evaluation fee (one-time) | Profit target | Max absolute drawdown | Leverage |
|---|---|---|---|---|
| $10,000 | $250 | 10% | 6% | 1:10 |
| $40,000 | $800 | 10% | 6% | 1:10 |
| $80,000 | $1,400 | 10% | 6% | 1:10 |
The fee table does not state a currency.
The Terms say evaluation fees are non-refundable, including for change of mind, failed evaluations, voluntary withdrawal and rule breaches. In the same section, the Terms say the firm pays 50% of the profit made in the evaluation once the trader passes and reaches the 10% target on Level 1 (see Payouts).
The Terms list the evaluation rules as a 10% profit target, a 6% maximum drawdown, no time limit, no minimum trading days, 1:10 leverage, weekend holding allowed, a 30-day inactivity period and a required stop loss. The homepage FAQ defines the 6% as a fixed level below the starting balance: Stop Out Level = Initial Balance − (6% × Initial Balance). The Terms say the same 6% maximum drawdown applies to simulated funded accounts, and that breaching it ends the account.
Every trade needs a visible stop loss within 60 seconds of entry; "stealth" stop losses are not allowed. The detailed Stop Loss Rule calls a missing stop a soft breach: the system closes the trade after one minute and any profit from it does not count toward the target. The homepage FAQ says that failing to use a stop loss "results in a violation", and the Terms' general rule says any breach ends the account. We have used the more detailed Stop Loss Rule.
The Terms allow overnight and weekend holding on all programmes and at every stage. At least one trade every 30 days is required. The firm says it emails reminders on Day 28 and Day 30, and that it will freeze an account for up to 2 months if asked in advance. The Terms describe the result of 30 days without a trade as suspension in one place and as suspension and termination in another; they also say terminated accounts cannot be reactivated.
The Terms ask traders to close all open trades once they reach the target, and say the account is reviewed within 2 business days before new login details are issued. Funded accounts cannot be merged.
The Terms set out a long list of rules on how traders may trade:
The Terms also say the risk team may apply tailored limits, such as reduced leverage, to some traders based on their trading history.
| Stage | Account size | Profit target | Profit split |
|---|---|---|---|
| Evaluation | $80k, $40k, $10k | 10% | 50% |
| Level 1 | Doubled | 10% | 60% |
| Levels 2–6 | Doubled | 10% | 70–100% |
The homepage FAQ says that, from Level 2, a trader chooses between keeping the account size and raising the split by 10% per target up to 100%, or growing the account with each target up to $2,000,000 while keeping a 70% split. Two accounts can each be scaled to $2,000,000. The Terms add that scaling decisions are at the firm's sole discretion and depend on continued compliance with the rules.
Payouts from Level 1 onward are available, according to the homepage, after 10 active trading days with a minimum 2% profit. We did not see a payout schedule, a minimum withdrawal amount or payout methods for funded-account profits on the pages we reviewed.
Evaluation profit: the Terms and Risk Disclosure say 50% of the evaluation profit is paid once the trader passes and reaches the 10% target on Level 1. The homepage FAQ words it as paid upon passing and returned to the original payment card after the Level 1 target is reached; we have used the Terms' wording on timing.
The Terms say the firm may verify trading activity before paying, and may withhold pending payments during an investigation. The Risk Disclosure says profit-sharing payments are at the firm's discretion and require identity verification. KYC is done through SumSub after passing or at the first payout request, and each trader may have only one verified profile.
The homepage describes the platform as TradingView charts integrated with FX, indices, crypto and commodities, and offers a demo login so visitors can try the dashboard. We did not see MetaTrader, cTrader or another named platform on the pages we reviewed.
The homepage FAQ lists these instruments:
Leverage is 1:10 on the evaluation.
The Terms say Telos Capital is a trading name of Telos Holdings Pty Ltd (ABN 22 687 704 936), registered in Australia; the Risk Disclosure says the company is registered in Victoria. The firm says it does not hold an Australian Financial Services Licence (AFSL).
The Terms and Risk Disclosure say all trading is simulated and that no real funds are placed in any market at any stage. The Terms' section on gambling behaviour also says "Telos Capital works with live market execution and real liquidity"; we have relied on the simulated-trading statements, which appear in several places.
Other points from the Terms (last updated February 2026): users must be at least 18; the firm may restrict access from certain jurisdictions at its discretion, but we did not see a list of restricted countries; its total liability is limited to the evaluation fee paid in the previous 12 months; and the Terms are governed by the laws of Victoria, Australia.
The site also sells the Telos Evolve programme, which the firm describes as a trading education programme, at $2,000 or 2 × $1,200/month. It also sells 3 months of 1-on-1 coaching at $3,000 or 3 × $1,200/month. Both prices are from its /offer page, which carried a May-cohort banner; the current Evolve page did not show a price. The Evolve page says no refunds are available once a buyer has access to the strategies. The education pages' enrolment banners did not agree: the offer page referred to a May cohort and a July intake, while the Evolve page said "October Intake Open".
Telos Capital fits traders who want a single-phase evaluation with no time limit or minimum days, and who are comfortable with a fixed 6% drawdown, low 1:10 leverage and a mandatory stop loss on every trade. The split structure starts low (50% on evaluation profits and 60% at Level 1) and reaches higher levels only after further 10% targets. It is less suited to traders who rely on hedging, grid systems, trading without a stop loss, VPNs, or copying trades into their account.
MyPropGenius Rating:
The rating measures how openly Telos Capital discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.
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Telos Capital offers a simple one-step evaluation with a fixed 6% drawdown, no time limit and one-time fees of $250 to $1,400, on simulated accounts. The trade-offs are a low starting split, a mandatory stop loss, 1:10 leverage and a detailed list of prohibited methods. Read the Terms in full, as some details differ between the site's pages.
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Find My MatchThe Terms list one-time fees of $250 for $10,000, $800 for $40,000 and $1,400 for $80,000. They say fees are non-refundable.
The rules list a 6% maximum absolute drawdown from the initial balance, no time limit and no minimum trading days.
The firm says 50% on evaluation profits, 60% at Level 1 and 70% from Level 2. From Level 2 a trader can raise the split by 10% per target up to 100%, instead of scaling the account.
The homepage says payouts from Level 1 onward are available after 10 active trading days with a minimum 2% profit. KYC is required once you pass or request your first payout, whichever comes first.
Yes. The Terms allow weekend holding at every stage and support EAs, but ban EAs that exploit rollover, news spikes, arbitrage or high-frequency scalping.
No. The firm says all evaluation and funded accounts are simulated and that profit-sharing payments come from Telos Holdings Pty Ltd's business revenue.