{"term":{"slug":"funded-account","term":"Funded Account","definition":"A trading account provided by a prop firm after passing the evaluation, where the firm supplies the capital and the trader keeps a percentage of profits. The trader does not risk their own money beyond the challenge fee.","extendedExplanation":"Funded accounts are the goal of every prop firm evaluation. Once funded, traders operate under the same or similar drawdown and loss rules but no longer have a profit target. Instead, they keep 80-100% of profits depending on the firm and their scaling level.\n\nFunded accounts are still technically simulated in most cases -- the firm routes orders through their own risk management system. However, the profits paid to the trader are real. Traders receive payouts on a regular schedule (weekly, bi-weekly, or monthly depending on the firm).\n\nKey differences between funded accounts and evaluation: funded accounts may have stricter news trading restrictions (FTMO restricts 2 minutes before/after major events), consistency rules may still apply, and some firms add withdrawal minimums. The drawdown rules continue to apply -- breach them and you lose the funded account.","exampleWithNumbers":"After passing FTMO $100K evaluation: you receive a funded account starting at $100,000. Profit split is 80% (upgradeable to 90%). If you make $8,000 in a payout period, you receive $6,400. Max drawdown is still $10,000 (floor at $90,000). First payout includes your EUR 540 challenge fee refund.","category":"evaluation","relatedTerms":["evaluation-phase","payout-split","profit-target","scaling-plan","challenge-fee"]},"_links":{"self":"https://runvigil.app/api/glossary/funded-account","page":"https://runvigil.app/learn/funded-account","allTerms":"https://runvigil.app/api/glossary","learn":"https://runvigil.app/learn"}}