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.