Evaluations and accounts
Demo account
A practice account with no assessment, no rules and no payout. It exists to learn an interface or test a strategy, and nothing that happens on it qualifies you for anything.
GFN’s figure
A GFN account is not a demo account. It carries enforceable risk limits, an assessment where one applies, and payout eligibility on qualifying simulated performance at the funded stage.
In detail
Demo account,explained
A demo account and a simulated prop account are technically similar and practically nothing alike. The prop account has hard risk limits, an assessment attached and money on the other side of it; the demo has none of those, which is why results on one rarely transfer to the other.
The useful role for a demo is mechanical: confirming how orders behave, how a strategy is coded, or how an interface works, before any of it is exposed to an account with rules.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Simulated account
An account that reproduces live market conditions - prices, spreads, commission, slippage - without routing orders to a market. Every GFN evaluation and funded account is one, and no customer capital is ever exposed.
Live account
A brokerage account holding a trader's own money, where orders reach a market and losses are the trader's own. It is the thing a simulated prop account is deliberately not.
Forward testing
Running a strategy on live data it has never seen, in real time. It is the honest test a backtest cannot be, because the results are produced by data that could not have been fitted.
Backtesting
Running a strategy over historical data to estimate how it would have performed. Useful for rejecting ideas, weak as evidence for accepting them, because the result is fitted to data already seen.
Funded account
The account a trader receives after passing an evaluation, or buys directly under an instant programme. At a simulated-funding firm it is a simulated account whose eligible gains can qualify for a real payout.
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation