Legal
Simulated trading disclosure
Every account here trades on simulated capital. The payouts are real money. Both halves of that matter, so this page says them in full.
What that means in practice
Your orders are filled against live market prices, and the positions they open are recorded by M-FUNDED rather than sent to a broker or an exchange. Nothing you do here moves money in a real market.
The money is real in the other direction. A payout is paid by M-FUNDED out of its own funds, calculated as a share of what your simulated account made.
We hold no client money. A challenge fee buys an evaluation; it is not a deposit and it is not something you can withdraw.
[PLACEHOLDER. Any further wording is drafted by the client and their counsel.]