What is Funded Account?
A live prop firm trading account, backed by the firm's capital, granted to a trader after they pass the evaluation.
A funded account is the trading account a prop firm gives a trader once they have passed the evaluation. It is backed by the firm's capital, and the trader keeps an agreed share of any profit — the profit split, usually 80-90%.
A funded account is not free of rules. It keeps the same maximum drawdown and daily loss limits as the evaluation; breaching them ends the account. What it removes is the profit target — there is no quota to hit, only risk discipline to maintain across payout cycles.
Most firms use simulated capital backed by the firm rather than handing the trader a live brokerage account in their own name. This does not change the trader's economics: real money is paid out on real profit. The distinction that matters is whether the firm reliably pays — which is what payout proof verifies.