Upon completing your evaluation, you will be transitioned to a Sim Funded Account. After demonstrating consistent profitability, a Risk Manager will reach out, inviting you to trade on a Live Funded Account.
What is the Difference Between a Sim Funded Account and a Live Funded Account?
Sim Funded Account:
This account operates in a simulated environment, replicating real-market conditions. The primary goal is to demonstrate consistent performance over time, with payouts made according to our payout policy.
Live Funded Account:
A live account involves a real brokerage account and trades on the live markets. This is where your trading journey truly begins at MFFU! The frequency of profit withdrawals from the Live Funded Account is determined based on an agreement between you and our Risk Team.
Key Features of Your Live Funded Account
Since the Live Funded Account functions as a genuine brokerage account experience, MyFunded Futures provides unique features that differentiate it from the Sim Funded Account. See below:
Static Drawdown: This feature sets a fixed maximum loss limit to manage risk effectively.
Customizable Daily Loss Limit: You can set a daily loss limit tailored to your risk tolerance and trading style.
Scaling Opportunities: Demonstrating consistent performance opens opportunities to increase your contract size, enhancing your earning potential.
Dedicated Support Team: A specialized support team is assigned to assist live traders with guidance and resources.
Live Funded Account Costs
As a live trader, you are responsible for covering the associated costs of the Live Funded Account. These costs include:
CME Professional Data Subscription
Round-Trip Commissions and Fees
Platform License or Subscription
All costs will be deducted directly from your Live Funded Account balance.
Frequently Asked Questions
When can I move from a Sim Funded Account to a Live Funded Account?
Depending on the account you’re trading, once you meet the criteria outlined in the live transition rules, you’ll transition to live funded account. Additionally, the Risk Team continuously monitors your trading activity in the Sim Funded Account and can invite you to move to the Live Funded Account after displaying consistent and profitable trading habits conducive to succeeding in a live market environment.
What if I don't want to move to a Live Funded Account?
Unfortunately, rejecting the move to a Live Funded Account is not possible.
What happens to active Sim Funded Accounts when moving to a Live Funded Account?
When you transition to a Live Funded Account, your active Sim Funded Account(s) will be placed in a dormant state.
Will multiple Sim Funded Accounts be merged into a single Live Funded Account?
Yes, your Sim Funded Accounts will be merged into one Live Funded Account. If you recently passed an evaluation, your Sim Funded Account will be put in a dormant state. Alternatively, you have the option to request a refund for the evaluation fee.