# Account Types

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

To progress to a "semi-live" Trader account, you must first successfully trade the <mark style="color:green;">**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.\
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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.

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

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. \
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A SIM/LIVE account will require providing our staff with a **Valid ID**, P**roof Of Address**, **Trader Contract Agreement, and a** [**one-time activation fee**](https://nexgen-software-services.gitbook.io/nexgen-pro-trader-funding/evaluations/evaluation-rules#detailed-account-and-payout-structure-information)**.**

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:yellow;">**Note:**</mark>* 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.

{% hint style="info" %}
*<mark style="color:yellow;">**Note:**</mark> Per the contract signed when moving on to a Semi-Live / ProTrader Live account, Nexgen reserves the right, at its sole discretion, to replicate trades from the Sim/Live Trader account* at any ratio without notic&#x65;*. The decision to copy trades is entirely at Nexgen's discretion and may be exercised or not.*
{% endhint %}

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## <mark style="color:green;">ProTrader Live Account</mark>

Upon reaching the 16th payout, Nexgen may transition the trader to a live, real-money account with a power of attorney. The update to a ProTrader Live Account will not incur any additional costs to the trader. \
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From this point forward, the trader will receive **100% of the profits** generated in the live account.

*<mark style="color:yellow;">**Note:**</mark>* 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.

{% hint style="info" %}
*<mark style="color:yellow;">**Note:**</mark>* *Per the contract signed when moving on to a Semi-Live / ProTrader Live account, Nexgen reserves the right, at its sole discretion, to replicate trades from the ProTrader Live account* at any ratio without notic&#x65;*. The decision to copy trades is entirely at Nexgen's discretion and may or may not be exercised.*
{% endhint %}

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