Understanding Simulated Funded Accounts at ShareAFunds.com

Simulated Funded Accounts at ShareAFunds.com offer traders a way to experience real trading conditions with virtual funds. Here’s a comprehensive overview of how these accounts work:

1. Purpose and Setup

• Realistic Trading Environment: Simulated Funded Accounts provide a realistic trading environment where traders can practice and hone their skills using virtual funds. This setup helps traders prepare for live trading without the risk of losing actual money.
• Account Configuration: These accounts are configured with virtual funds and trading conditions that mimic real market scenarios, including leverage, spread, and trading hours.

2. Evaluation Phase

• Trading Challenges: To gain access to a Simulated Funded Account, traders typically need to complete an evaluation phase. This involves meeting specific profit targets while adhering to risk management rules and trading guidelines.
• Performance Metrics: Traders are assessed based on their ability to achieve the required profit targets and maintain compliance with all trading rules during the evaluation phase.

3. KYC Verification

• Identity Verification: Before accessing the Simulated Funded Account, traders must complete the Know Your Customer (KYC) verification process. This involves submitting identification documents to verify identity and comply with regulatory requirements.

4. Account Usage

• Trading Flexibility: Traders can use their Simulated Funded Accounts to trade various instruments, including forex, commodities, and indices, depending on the account type.
• Risk Management: It’s crucial to follow the provided risk management guidelines, such as drawdown limits and position sizing, to ensure effective trading practices.

5. Rules and Regulations

• Adherence to Rules: Traders must adhere to specific trading rules, including not engaging in prohibited practices such as news trading or using automated trading strategies without approval.
• Monitoring and Compliance: The trading activities within Simulated Funded Accounts are monitored to ensure compliance with ShareAFunds.com’s policies. Violations of rules may result in account suspension or disqualification from the evaluation phase.

6. Payouts and Profits

• Virtual Funds: Profits earned in Simulated Funded Accounts are virtual and used for evaluation purposes. They do not result in real monetary payouts.
• Performance Evaluation: Successful performance in the simulated environment can lead to access to a live funded account, where real trading and profit-sharing opportunities are available.

7. Educational Resources

• Learning Opportunity: Simulated Funded Accounts serve as a valuable learning tool, offering traders the chance to familiarize themselves with trading platforms and strategies without financial risk.
• Support and Guidance: ShareAFunds.com provides access to educational resources, webinars, and support to help traders improve their skills and performance.

8. Transition to Live Trading

• Successful Completion: Upon successful completion of the evaluation and meeting all requirements, traders may transition to a live funded account, where real trading begins, and profit-sharing opportunities are available.
• Ongoing Monitoring: Even after transitioning to a live account, ongoing monitoring and adherence to trading rules and risk management practices are essential for continued success.

By understanding and effectively utilizing Simulated Funded Accounts, traders can better prepare for live trading and enhance their skills in a risk-free environment.