What are the differences between an evaluation account and an authorized live account?

The key differences are the use of simulated versus real capital and the rules that govern each account type.

  • Evaluation Account (Simulated):
    • Uses a demo balance (not real money).
    • Designed for testing strategies and proving your trading skills.
    • Has specific trading objectives (e.g., a profit target) and rules (e.g., a consistency rule) that must be passed to qualify for a live account.
  • Authorized Live Account (Real-Money):
    • Trades real capital in live markets. (This capital is provided from licensed private fund, user do not need to deposit into the account or pay extra fee)
    • Allows you to withdraw your profits.
    • Has no profit target or consistency rules to maintain.
    • Crucial: The Daily Loss Limit is strictly enforced. Exceeding this limit will result in the account being closed without any profit share, even if your overall equity is profitable.
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