> For the complete documentation index, see [llms.txt](https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/evaluation-account-info/account-types.md).

# Account Types

***

## <mark style="color:$warning;">Test Evaluation Account</mark>

To progress to a "semi-live" Trader account, you must first successfully trade the <mark style="color:$primary;">**Simulated Evaluation Account**</mark>**.** This involves meeting specific profit objectives while adhering to loss limit rules designed to demonstrate consistent and responsible trading practices. This test requires a minimum of 1 trading day to pass.\
\
Take as long as needed while maintaining an active subscription. A trading day is defined as any day on which at least one order is executed

The evaluation phase is critical in ensuring you have the skills, discipline, and risk management capabilities required for live trading. By achieving the profit targets and maintaining compliance with all draw-down and risk management guidelines, you showcase your ability to trade effectively under real-world conditions. Completing this phase is your gateway to advancing within the Nexgen ProTrader Funding program.

***

## <mark style="color:$warning;">Sim/Live Trader Account</mark>

The Trader account operates as a **"**<mark style="color:$primary;">**Semi-Live**</mark>**" Account**, technically a simulation account. This account follows the same rules as the evaluation account. Nexgen ProTrader Funding processes payouts for this account type by replicating the trader's simulated trades into a live, real-money sub-account within Nexgen's primary account. \
\
Once you reach the profit objectives in your evaluation account(s), your subscription for that account will **automatically end**. The one-time activation fee varies by account size.

$25,000 Eval - $119.00  One-Time Activation Fee\
$50,000 Eval - $129.00 One-Time Activation Fee\
$75,000 Eval - $159.00 One-Time Activation Fee\
$100,000 Eval - $179.00 One-Time Activation Fee\
$150,000 Eval - $199.00 One-Time Activation Fee\
\ <mark style="color:$primary;">Max Sim/Live Accounts:</mark> <mark style="color:$primary;"></mark><mark style="color:$primary;">**3**</mark>

***

## <mark style="color:$warning;">Instant Funded Account</mark>

**Nexgen Instant Accounts** – Start trading immediately without completing an evaluation phase, allowing traders to begin working toward payouts from day one under the account rules.

Nexgen ProTrader Funding will allow up to **3 live** trading accounts and **10** **Eval** trading accounts per trader.&#x20;

Passing the evaluation account is the first step, but the second step involves some pressure. That pressure can sometimes be overwhelming for new traders, who may fail their first semi-live accounts. Nexgen's ability to copy trades from a trader using what we call a "Semi-Live" account, rather than opening real accounts for all newly successful traders with minimal ID checks, saves time and money.&#x20;

***

### <mark style="color:$warning;">Nexgen Live Cash Accounts</mark>  For information regarding a path to live cash account trading with Nexgen, please [Click Here.](https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/funded-account-info/nexgen-live-cash-accounts)

***

### <mark style="color:$warning;">What Do The Different Account Statuses Mean?</mark>

Your account status reflects the current condition of your evaluation or subscription. There are five possible statuses:

<mark style="color:$primary;">**Active**</mark> – Your subscription is live and in good standing. You have full access to trade the evaluation account as long as billing remains current and no rules are breached.

<mark style="color:red;">**Failed**</mark> – The account has breached one or more evaluation rules. Trading access is disabled. The account will automatically reset after 30 days unless the subscription is canceled before that time.

<mark style="color:$primary;">**Passed**</mark> – You have successfully met all evaluation requirements. The account is eligible to move forward to the funded/sim-live stage, pending completion of any required steps.

<mark style="color:$primary;">**Paid**</mark> – You have completed the payment required to upgrade to the Sim/Live account. Your account is transitioning to the funded stage.

<mark style="color:yellow;">**Canceled**</mark> – You have canceled your subscription. Billing stops immediately, and the evaluation account is closed. Once canceled, the account cannot be traded or reactivated. A new evaluation would need to be purchased to continue.\
\ <mark style="color:$warning;">Pending</mark> - Your account was created ( purchased/upgraded ) during market downtime hours... either over the weekend or between 5PM-6PM EST M-F.&#x20;

***


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