Once you reach your profit target in the evaluation stage, your end-of-day balance will reflect your success. You will receive a confirmation email, and your account will undergo a brief review, typically within 1-3 business days. During this period, our team will verify your trading performance and adherence to the rules.
What to Expect with Your Funded Account
Account Name: Your funded account will display "SIM" in its name, but your login credentials will remain the same. This is to differentiate between evaluation and funded stages while retaining continuity in your trading setup.
Drawdown Limit: The maximum drawdown locks at the initial balance plus $100 once the specified drawdown percentage is reached, giving you additional risk management control as you start trading with real funds.
Withdrawal Strategy: Plan for withdrawals using the buffer zone and payout policy. You can find detailed information in the payout policy overview. Effective withdrawal management is essential to ensure the long-term success of your funded account.
KYC/AML Compliance
Before transitioning to a funded account, traders must complete the Know Your Customer (KYC) and Anti-Money Laundering (AML) verification process. This ensures the security and legitimacy of all transactions and account activities.
KYC Requirements
Traders must submit valid identification documents and proof of residence. This step is essential to prevent fraudulent activities and maintain regulatory compliance.
AML Compliance
Traders must adhere to anti-money laundering policies by ensuring transparent and lawful financial transactions. Any suspicious activity may result in account restrictions or additional verification steps.
For detailed KYC/AML requirements, refer to this article.
Managing Your Funded Account
Your dashboard will provide end-of-day analytics, helping you track progress and stay on top of your trading goals. It is crucial to monitor your remaining drawdown through your trading platform to stay in control of risk management and avoid breaches.
Transitioning to a funded account is a significant milestone that marks the beginning of trading with real capital. Effective management of your funded account is key to your ongoing success, allowing you to capitalize on the trading opportunities while maintaining disciplined risk management practices. A funded account allows access to real capital, with profit sharing as outlined in the payout policy.