Account Types

Description Of Each Account Phase With Nexgen ProTrader Funding.

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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 5 trading days to pass.

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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Sim/Live Trader Account

The Sim/Live 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 of Nexgen's primary account. A 1099 and a trading contract must be signed before trading this new account type.

Passing the evaluation account is step one, but step two involves some pressure. That pressure sometimes gets to new traders, who will fail their first semi-live accounts. The ability to copy trades of the trader vs. opening real accounts for all newly successful traders saves time and money.

Note: 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 notice. The decision to copy trades is entirely at Nexgen's discretion and may or may not be exercised.

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ProTrader Live Account

Upon successfully reaching the 16th payout, Traders are now very experienced, and the real-world pressures have been handled successfully. At this point, Nexgen will transition the trader to a live, real-money account. As a " ProTrader ( Live Account )," the trader will operate under a power of attorney agreement and become a 1099 contracted trader for Nexgen ProTrader Funding. From this point forward, the trader will receive 100% of the profits generated in the live account!

Note: 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 notice. The decision to copy trades is entirely at Nexgen's discretion and may or may not be exercised.

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