Glossary / Glossary term
Funded account
A funded account is the simulated account you trade after passing the evaluation; it keeps the loss limits and lets you request rewards.
The account you receive after the last evaluation phase, once your identity is verified, the trader agreement is signed and two-factor authentication is on.
What "funded" means here
The funded account is simulated, like the evaluation. No capital is given to you and no order reaches an exchange. What it adds is rewards: when it shows a profit, you can request a share of it, paid in bitcoin under the trader agreement.
Its rules
- The same kind of loss limits: on Classic 1-Step a daily limit of 4% and a max loss of 8%.
- No profit target and no minimum trading days.
- A profit split of 80%, requested on a payout cycle of 14 days.
- A consistency limit on each payout window.
A breach on the funded account ends it, like any other.
Related
- How payouts in bitcoin workA prop firm that pays in bitcoin: when you can request a reward on a funded account, how much it can be, what is checked and how it is paid.
- Profit splitThe profit split is the share of a funded account's simulated profit that the trader receives as a reward when a payout is requested.
- Payout cycleThe payout cycle sets when a funded trader can request a reward: the first request after a set number of days, then at a fixed interval.
- Identity verification (KYC) for prop firm payoutsWhen you verify your identity, which documents you need, who reviews them, how the files are stored, and what else must be in place before a reward.