Overview
A Simulated Funded Account at Propywise allows traders to earn remuneration based on a percentage of the simulated profits generated in their account, in accordance with our Terms of Use and Customer Agreement. Note that payouts are based on data measured by simulated profit.
Clients can earn Simulated Funded Accounts by successfully completing one of our evaluation programs and passing the required KYC/AML screening.
To clarify, a Simulated Funded Account is entirely simulated, using real market quotes from liquidity providers. The trading data is sent to a partnered proprietary trading firm, where trades may be copied at their discretion, and proprietary trading strategies are developed using this data.
Account Type and Broker Switching
Customers cannot switch account types or brokers for Challenge or Funded accounts. This policy is essential to prevent exploitation and maintain the integrity of our trading platform.
Disclaimer: Hypothetical or simulated performance results have certain limitations. Unlike actual performance records, simulated results do not represent real trading. Since the trades have not been executed, the results may overcompensate or undercompensate for the impact of market factors like liquidity. Additionally, simulated trading programs are often designed with the benefit of hindsight. No representation is made that any account will achieve profits or losses similar to those shown.