Definition
What is Funded account?
A funded account is the account a trader receives after passing an evaluation (or buying instant funding), on which profits earn real payouts under a profit split.
The funded account is the goal of every challenge. You trade it under loss limits similar to the evaluation, but there is no profit target: every profit you make can lead to a payout.
At most modern prop firms, including simulated-trading firms, the funded account is still a simulated account. The payout is a performance reward paid by the firm based on your simulated results.
Breaking a hard loss limit closes a funded account exactly as it would close an evaluation, so the same discipline is needed after you pass.
Example
Example: a $10,000 funded account with a 5% maximum loss can lose $500 from its equity peak. Risking 0.5% ($50) per trade, that is ten full losses before the limit.
At a prop firm
Axora Funded funded accounts are simulated, keep the daily and maximum loss limits of the programme, trade at up to 1:30 leverage and pay a 90% or 80% split depending on the programme. All accounts are issued automatically when the last phase is passed.
Frequently asked questions
Is a funded account real money?
At Axora Funded all accounts, including funded ones, are simulated; payouts are real rewards based on simulated performance.
Is there a profit target on a funded account?
No. Only the loss limits and conduct rules apply.