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Which plan is right for me?
Advanced
The drawdown is calculated continuously throughout the trading day, adjusting in real-time as your account balance fluctuates.
Pros
Forces more disciplined trading since losses are tracked immediately. Can protect you from significant losses during the day.
Cons
Less flexibility, as intra-day losses can immediately impact your drawdown limit, potentially leading to an earlier account closure if the market moves against your positions.
Growth
The drawdown is calculated based on the highest account balance at the end of the trading day. It only adjusts downward at the end of the day if your account balance has reached a new high.
Pros
Offers more flexibility during the trading day. Intra-day fluctuations won’t affect the drawdown level, allowing you to hold positions with less risk of hitting the drawdown limit due to temporary losses.
Cons
Slightly higher risk of losing larger amounts by the end of the day if the market moves against you.
Straight to Sim Funded
Get simulated funded instantly with an ‘End of Day’ trailing drawdown and a soft breach ‘Daily loss limit’ to protect you on difficult days.
Pros
No need to pass a challenge, get simulated funded instantly and earn profits with a larger end of day trailing drawdown.
Cons
Straight to Sim Funded accounts are built for steady, consistent traders and as a result the consistency rule is set to 20%.
What is a Simulated Funded Account?
A Simulated Funded Account is a type of trading account designed to replicate the conditions of a live trading environment but without using actual capital. When you’re a newly funded trader, transitioning to live trading can be challenging, and a Simulated Funded Account allows you to gain experience and build confidence in a real-time setting. This account lets you continue trading with the same level of intensity as a live account while giving you the opportunity to demonstrate consistency in your trading performance.
How Does it Work?
In a Simulated Funded Account, your trades mirror what would happen in the live markets, but your profits and losses are not real. This setup gives you the chance to practice your strategies and manage risks as if you were trading with real money. The profits you generate in the Simulated Funded Account can still lead to actual payouts, allowing you to earn while you hone your skills.
What’s the Purpose?
The primary goal of the Simulated Funded Account is to provide a buffer period where you can adapt to the psychological and strategic demands of live trading. It helps bridge the gap between being a successful evaluation trader and becoming a consistent performer in live markets.
Monitoring and Evaluation
Throughout your time in the Simulated Funded Account, our risk managers will closely monitor your trading activity. They assess your ability to follow trading rules, manage risk, and maintain consistency. Once you demonstrate that you can trade successfully within the parameters of the Simulated Funded Account, you may be transitioned to a full live trading account where you’ll trade with real capital.
News Trading
We do not have any rules against or guidelines around trading news events. Free reign, but beware of volatility and how it can affect your account.
How many Simulated Funded Accounts can I have at any time?
You can have up to 7 Simulated Funded Accounts at any time.