Challenge Accounts and Funded Accounts

Challenge account

A challenge account is an evaluation account. Its purpose is to assess your trading skills under real market conditions without using firm capital yet.

Typical features include:

• A simulated balance (for example: $5,000, $10,000, etc.)

• Program rules such as:

  • Profit target (for example: 8%–10%)

  • Daily loss limit (for example: 5% max)

  • Total loss limit (for example: 10%)

  • Minimum trading days (often 3 business days)

Goal

To prove that you can trade profitably and responsibly while respecting the risk limits. If you meet all objectives without violating the rules, you move to the next phase (Phase 2 or a funded account, depending on the program).

Funded account (live account)

Once you successfully pass the challenge (or if you purchase an instant funded account such as Power Live, if available in your program), you gain access to a real account funded by the firm—meaning you trade with real capital.

What you typically get

• Real trading capital

• Ability to withdraw real profits (some instant accounts allow withdrawals from day one)

• Profit split (commonly up to 80%–90%, depending on the program)

• Risk rules designed to support responsible capital management

Need help?

• Email: [email protected]

• Helpdesk: https://client.fxlivecapital.com/helpdesk