A Funded Account provides the trader with the opportunity to achieve a Sim Brokerage Account with less steps. While the trader continues to trade in a simulated market environment, once the profit target is reached, they become eligible to transition to a Sim Brokerage Account where they can make withdrawals on profits made. Funded Accounts feature lower profit targets but still adhere to specific risk management guidelines. This structure allows the trader to bypass an evaluation phase, while still proving they can manage risk, without needing to invest large amounts of their own capital. There is NO Admin fee once you pass a Funded Account!
You can have a maximum of 3 Sim-style accounts at any one time. This includes Evaluation Accounts, Funded Accounts, Sim Brokerage Accounts, and Ultra Accounts. The limit applies to any combination of account types and sizes.