---
title: "Live account - Meaning & GFN's Figure - Get Funded Now"
description: "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…"
url: "https://getfundednow.com/glossary/live-account"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/live-account"
  pt-BR: "https://getfundednow.com/pt-br/glossary/live-account"
  fr: "https://getfundednow.com/fr/glossary/live-account"
  it: "https://getfundednow.com/it/glossary/live-account"
  de: "https://getfundednow.com/de/glossary/live-account"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Evaluations and accounts

# 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.

GFN’s figure

GFN is not a broker and does not accept customer investment deposits. Evaluation and funded accounts are simulated, and no customer trades are executed in live financial markets.

In detail

## Live account, explained

The distinction matters legally and practically. On a live account you carry the market risk and the broker relationship; on a simulated prop account the firm carries the trading outcome and you carry the fee you paid to be assessed.

It also changes the failure mode. A live account fails when it runs out of money; a prop account fails when it touches a rule, which can happen while it is still well in profit overall.

[Rules handbook](https://getfundednow.com/rules) · [More evaluations and accounts](https://getfundednow.com/glossary/category/evaluations)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Simulated account](https://getfundednow.com/glossary/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.
- [Demo account](https://getfundednow.com/glossary/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.
- [Broker](https://getfundednow.com/glossary/broker) - A firm that executes trades on a client's behalf and holds client funds to do so. It is a different business from a prop firm, with different obligations and a different relationship to the client.
- [Simulated funding](https://getfundednow.com/glossary/simulated-funding) - The model where a firm assesses and pays traders on simulated accounts rather than routing their orders to a market. Trading is simulated; payouts against qualifying performance are real money.
- [Prop firm](https://getfundednow.com/glossary/prop-firm) - A company that assesses traders and pays them a share of the results they produce, rather than a broker that executes orders for clients. Most modern retail firms run the assessment on simulated accounts.

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.

[Start your challenge →](https://getfundednow.com/challenges) · [Read the rules](https://getfundednow.com/faq)

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Payouts every 14 days

$400,000 max total allocation

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Source: https://getfundednow.com/glossary/live-account
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt