Evaluations and accounts
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.
GFN’s figure
GFN sells virtual account sizes from $5,000 to $200,000, with a maximum total allocation of $400,000 across every account you hold.
- Smallest account
- $5,000 on the 2 Step
- Largest single account
- $200,000
- Maximum total allocation
- $400,000
In detail
Virtual capital,explained
Virtual capital is best read as a scale factor. A $100,000 account is not $100,000 of anybody's money; it is the number every limit, target and lot size is calculated from.
Buying more virtual capital than your process can handle is the most common and most expensive mistake in prop trading, because a larger account does not make the percentage rules any wider in relative terms.
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.
Account size
The virtual balance an account is denominated in. It scales every percentage rule into dollars, sets the fee, and determines how much a single pip of movement is worth to your objectives.
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.
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.
Position size
How many lots a trade is placed in. It is calculated from the dollar amount being risked and the stop distance, not chosen first - which is the reverse of how most traders approach it.
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