Account Types
Description Of Each Account Phase With Nexgen ProTrader Funding.
Test Evaluation Account
To progress to a "semi-live" Trader account, you must first successfully trade the Simulated Evaluation Account. 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.
Sim/Live Trader Account
The Trader account operates as a "Semi-Live" 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
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.
Note: If you fail at a Semi-Live Trader Account or a Live ProTrader Account, you must make it through the evaluation account again. There are no resets for live accounts. You may reset your evaluation accounts as many times as needed.
Note: Per the contract signed when moving on to a Semi-Live, Nexgen reserves the right, at its sole discretion, to replicate trades from the Sim/Live Trader account at any ratio without notice. The decision to copy trades is entirely at Nexgen's discretion and may be exercised or not.
Sim/Live Trader Account Continued.......
After a comprehensive review of our Live Cash account offering, Nexgen ProTrader Funding determined that the majority of traders surveyed (approximately 90%) prefer to remain in Semi-Live accounts. This structure eliminates the need to open a new AMP Futures account or complete Power of Attorney documentation.
Going forward, traders will remain in Semi-Live accounts indefinitely. Nexgen utilizes AMP Futures market data and execution, providing the same pricing, order fills, and execution quality as a live trading account.
As a result, Live Cash account trading will not be offered at this time.
We appreciate your continued trust and remain committed to delivering a professional, trader-focused trading environment.
What Do The Different Account Statuses Mean?
Your account status reflects the current condition of your evaluation or subscription. There are five possible statuses:
Active – 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.
Failed – 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.
Passed – 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.
Paid – You have completed the payment required to upgrade to the Sim/Live account. Your account is in the transition process to the funded stage.
Canceled – You have canceled your subscription. Billing stops immediately, and the evaluation account is closed right away. Once canceled, the account cannot be traded or reactivated. A new evaluation would need to be purchased to continue.
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