Introduction
In response to trader feedback and extended wait times for the creation and setup of Live Funded Accounts (LFAs), we have introduced a Temporary Simulated Funded Account (Temp SFA) to serve as a bridge between the SFA and the LFA. In this account, traders are able to continue trading throughout the LFA onboarding process in the simulated environment. This Temp SFA will utilize the profits allocated for the LFA, and all profits and losses will be reflected in the available LFA balance once it is ready.
How It Works
A Temp Simulated Funded Account will be created for you. It will be a brand new sim account, separate from your previous SFA and future LFA. The starting balance of this Temp SFA will be equal to the profits you are bringing into your Live Funded Account.
The Temp SFA operates behaves similarly to the LFA. Specifically, the Temp SFA has:
A static max drawdown (does not trail)
The ability to take payouts at any time
No consistency rule requirements
Please note that the Temp SFA does not have a Daily Loss Limit in place by default, although you can request one by contacting support.
The Temp SFA includes a total profit cap of $10,000, which represents the maximum amount of profit eligible for transfer to your Live Funded Account. This cap includes your starting balance and is adjusted for any payouts made from the Temp SFA. Any payouts you take will reduce the amount eligible for transfer to the LFA.
For example, if your starting balance in the Temp SFA is $3,000, you can earn up to $7,000 in additional profits to reach the $10,000 cap, and in that case your LFA would start with a balance of $10,000. However, if you chose to take $2,000 in payouts during this period, the maximum amount transferable to your LFA would be reduced to $8,000 ($10,000 - $2,000). The simplest way to calculate this is to deduct any payouts you have taken from the $10,000 cap, and that amount is the max eligible to be transferred into the LFA.
Once your Live Funded Account is ready, the balance in the Temp SFA will be transferred to your LFA, subject to the profit cap explained above. Your starting DLL in the LFA will be adjusted to reflect the starting balance, if appropriate.
Please Note: The balance of the Temp SFA represents the capital you are carrying into your Live Funded Account. If the balance of the Temp SFA is completely lost, eligibility for the Live Funded Account will also be forfeited.
This initiative is designed to ensure fairness, uninterrupted trading opportunities, and transparency. If you have any questions or need assistance, please reach out to our support team—we’re here to help.
