What is a Funded Sim account?

Options when funded - the choice is yours.

Funded Sim account

• You are placed in a simulation account, and paid from the simulated profits you make in the account.

• After receiving your paperwork we will have you set up and ready to place your first trade within 12 hours. 

• TradeDay has a one-off setup fee for Funded Sim accounts of $139. (Any trader who has an evaluation subscription from before December 1st, 2023, will have their funded account set up for free.)

• There is no professional market data fee to pay, we will include the same data feed you had during the evaluation.  

• This Funded Sim account has the same great TradeDay payout policy, see here.

• There is no slippage rule.

• You can use your trading platform, and your TradeDay evaluation dashboard, to track your account progress.

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When a trader successfully completes the evaluation they are given the choice to go into either a Funded Sim account, or a Funded Live account.

What is a Funded Sim account and why choose it?

A Funded Sim account is a simulation account in which the trader can earn profits.

It has nearly all the benefits of a Funded Live account and is designed for traders who want to get started immediately, and who don't want to pay the professional data fees that come with trading a Funded Live account.

Our experience has been that the majority of traders prefer this option, from a cost, speed of set up, and psychological perspective (as there is a perception of a more gradual easing into trading a funded account).

Important to note:

If you choose the Funded Sim account, you can earn up to $5000 in profits before we move you to the Funded Live account (This includes any withdrawals you may have taken). The minimum amount that can be transferred to a Funded live account from a Funded Sim account is $1000.

You may be invited to move over the the Funded Live before making $5000. 

The trading balance (after any withdrawals) will be transferred over to the Funded Live account. 

Please note that any profits in excess of $5000 in the Funded SIM will be excluded from payouts, or the transfer to the Live account.

Also, please note that you are not trading in the live market, you will be trading in our broker's simulated trading market. TradeDay has no control over the simulated market. Like the evaluation, a simulated trading commission is included to ensure the results reflect as closely as possible what you can expect when you move to the Funded Live account.

Funded Sim account withdrawals/ gross versus net profits

You are free to make withdrawals from the Funded Sim account as you make profits.

The $5000 level at which you are moved over to the Funded Live account is calculated on the profits you have made in total (gross profits). These are your total profits in your trading account including any profits that are withdrawn. Only the net profits (your gross profits, minus your withdrawals) will be transferred over to the Funded Live account. Note risk limits will be adjusted to reflect withdrawals. 

For example:

A trader has earned $5000 (after commission) in the Funded Sim. This is gross profit.

During this trading, the trader has taken a payout/ withdrawal of $1500.

So the gross profit is $5000 (after commission) and the net profit is $3500.

Only the net profit of $3500 will be transferred over to the Funded Live account.

Funded Sim or Funded Live returning traders.

Traders previously on the Funded Sim or Funded Live accounts that are returning to TradeDay, may be asked to enter the Funded Sim, allowing the trading group to better manage its risk and assess your ability.