Evaluations and accounts
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.
Also called: Simulated funded account
GFN’s figure
A GFN funded account is a simulated account. It pays 70% of eligible virtual profits on Instant and 80% - or 90% with the add-on - on the 1 Step and 2 Step, every 14 days.
- Account type
- Simulated - no customer capital at risk
- Risk rules
- Daily loss limit and maximum drawdown still apply
- Payout cycle
- Every 14 days
- Maximum total allocation
- $400,000 across all your accounts
In detail
Funded account,explained
The word "funded" describes the payout arrangement rather than a deposit. No customer capital is at stake and no customer order reaches a live market; what is real is the money paid out against qualifying simulated performance.
Funded accounts keep risk rules. The daily loss limit and maximum drawdown continue to apply after passing, and a funded account can be breached in exactly the way an evaluation can.
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.
Virtual capital
The simulated balance an evaluation or funded account is denominated in. It sets the size of every percentage-based rule on the account, and it is not money held on the trader's behalf.
Instant funding
A programme with no assessment phase. You buy a simulated funded account and trade it from day one, with no profit target to clear - paid for with tighter risk limits and a lower virtual profit share.
Payout
A transfer of the trader's share of eligible virtual profits from a simulated funded account. Payouts are requested on an eligibility date, processed after checks, and paid to the verified account holder.
Maximum allocation
The ceiling on how much simulated capital one trader may hold across every account with a firm. It is the real limit on how large a trader can get, and it is often lower than the largest account on sale suggests.
Also governed by /rules/payouts
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