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What is a Simulated Funded Account?
What is a Simulated Funded Account?

Explains what a Simulated Funded Account is.

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Overview

  • A Simulated Funded Account is any account in which a trader may be entitled to remuneration payable as a percentage of the simulated profit generated in their account based on the payout associated with the demo account, subject to our Terms of Use and Customer Agreement (Note: A payout means you are paid based on data which is measured by simulated profit).

  • Simulated Funded Accounts are earned by our clients after successfully passing one of our evaluation programs and completing the KYC/AML screening required to receive a Simulated Funded Account.

  • For the avoidance of any confusion, please keep in mind that a Simulated Funded Account is a fully simulated account with real market quotes from liquidity providers. The trading data is sent off to a partnered proprietary trading firm where trades are copied at their own discretion and proprietary trading strategies are developed using the data.

Account Type and Broker Switching

  • Effective 02.08.2024, customers can no longer switch account types or brokers after placing a trade on a Funded account. This policy change is crucial to prevent exploitation and maintain the integrity of our trading platform.

  • Please note that only Challenge accounts or Funded accounts that have not yet placed a trade are eligible for an account type or broker switch. We appreciate your understanding and cooperation with these new guidelines.


Disclaimer: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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