Funded Account Explained

Definition

The account a trader receives after passing an evaluation. Trades are still typically simulated, but profits can be withdrawn according to the firm's payout rules. Apex calls these "Performance Accounts" (PAs). Other firms may call them "funded accounts" or "live sim accounts."

Explanation

Once you receive a funded account, you'll need to follow ongoing trading rules (like daily loss limits and consistency requirements) while being able to request payouts of your simulated profits. Most firms require you to maintain the account in good standing and may have minimum trading activity requirements. The transition from evaluation to funded status often comes with slightly different rule sets, so review your firm's funded account guidelines carefully.

Example

After passing a $100k evaluation, you receive a $100k Performance Account where you earn $8,000 in simulated profits over two months, then request a payout of $6,400 (80% split) while keeping $1,600 in the account.

Why It Matters

This is your goal as a prop trader - the account where you can actually withdraw profits from your trading performance.

Common Misconceptions

• Funded accounts trade with real money

  Reality: Most funded accounts still use simulated trading, but profits can be withdrawn as real money

• Rules are the same as during evaluation

  Reality: Funded accounts often have different rules, payout requirements, and activity minimums than evaluation accounts