Funded Trading Account

What is a funded trading account?

In online prop trading, a funded trading account is an account stage offered under a firm’s agreement after its eligibility conditions are met. The word funded does not by itself tell you whether the account uses simulated or live capital.

Check these four questions

1. What does the firm call this stage?
2. Is the account simulated, live, or part of another model?
3. Which loss and trading rules still apply?
4. How is a monetary reward earned and requested?

The agreement, official account-model page and dashboard answer these questions. The account label alone does not.

A fictional $100,000 XAUUSD example

Imagine you pass a prop firm challenge and receive a stage labelled “$100,000 funded account.” That label does not prove that $100,000 in live capital was transferred to you.

You still need to check the account model, the daily loss limit, the overall loss limit, any program-specific consistency rule, prohibited practices and the reward conditions.

Two current account-model examples

Checked 8 October 2026.

• FTMO: its checked technical page says FTMO Accounts are demo accounts with fictitious capital and clients do not trade on live markets.
• FundedNext: its checked How It Works page describes the post-challenge stage as a simulated funded account with reward eligibility under its rules.

These statements describe the checked products. They do not prove that every prop firm uses the same model. FTMO Futures also uses separate Sim-Funded and invitation-only Live Funded stages, so do not mix its futures wording with the CFD account described above.

Balance and reward are different

A displayed account balance is not automatically money you own or can withdraw. The agreement defines how trading performance may create a monetary reward, when a request is allowed and which conditions must be met.

What should you do next?

Read the account-model section and reward rules before relying on the word funded. Use the prop firm payout rules guide for the request checklist and the challenge readiness guide for the wider preparation process.