What is a Funded Sim account?

Funded Sim account

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

• After completing the onboarding steps, you are set up instantly.

• TradeDay has a one-off setup fee for Funded Sim accounts of $139.

• 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 the TradeDay evaluation dashboard to track your account progress.

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When a trader successfully completes the evaluation, they are placed in a Funded Sim account.

What is a Funded Sim account?

A Funded Sim account is a simulation account in which the trader can earn profits. It carries simulated commissions because it's designed to reflect the experience of trading a Funded Live account. TradeDay does not have any control over the simulated environments; they are owned and managed by third-party brokers and platforms.

There is no professional market data fee to pay when in a Funded Sim account. 

Important to note:

A Funded Sim account is subject to Milestone reviews.  You can earn up to $5000 in profits (the First milestone). The milestones are calculated on gross profits (Profits in the account + any withdrawals you may have taken from that account). 

When you reach a Milestone, you must stop trading and email FundedTrader@TradeDay.com to let the trading team know you have reached a milestone. The Head of Trading will then assess your account. From here, you may be offered an extension to continue to trade in the Funded Sim account (up to the next Milestone), or you may be moved to the Funded Live account.

The minimum amount that can be transferred to a Funded live account from a Funded Sim account is $1000.

Please note that any profits made in excess of the Milestone before the review is conducted will be forfeited and will not be eligible for payouts, transfer to the Funded Live account, or from any extension offered in the Funded Sim account.

Funded Sim account withdrawals/ gross versus net profits

You can make withdrawals from the Funded Sim account as you earn profits.

The Milestone level at which you are assessed for a move to the Funded Live account is calculated based on the total profits you have made (gross profits). These are your total profits in your trading account, including any withdrawn profits. 

Only the net profits (your gross profits minus your withdrawals) will be transferred to the Funded Live account. No additional drawdown will be transferred at this time. Risk limits may be adjusted to reflect withdrawals. 

For example:

A trader has earned $10,000 (after commission) in the Funded Sim. This is gross profit.

During this trading, the trader has taken a payout of $3500.

The gross profit is $10,000 (after commission), and the net profit is $6500.

Only the net profit of $6500 will be transferred to the Funded Live account.