Evaluations and accounts
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.
GFN’s figure
All GFN evaluation and funded accounts are simulated or virtual accounts. No customer trades are executed in live financial markets, and "funded" refers to simulated or virtual funding.
- Customer capital at risk
- None beyond the one-time fee
- Market conditions modelled
- Spreads, commission, slippage, gaps
- Payouts
- Real money against qualifying simulated performance
In detail
Simulated account,explained
Simulated does not mean forgiving. A simulated environment still models changing spreads, execution differences and gapping markets, and the risk limits are enforced against the results exactly as if the trades had been filled externally.
What simulation changes is where the risk sits. The firm absorbs the trading outcome; the trader's exposure is the evaluation fee they paid, and the payout is a share of the gains their simulated performance produced.
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.
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.
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.
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.
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.
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