Prop trading accounts
What is the difference between an Evaluation Account (Simulated Data) and a live Funded Account (Real Market Order Flow)?
By Easy Money Scanner · Educational reference · Not investment advice
The short answer
An evaluation account trades on simulated data with real-time prices but no market impact, while a funded account routes real orders into live market order flow.
How it works
The distinction matters because simulated fills may not reflect real slippage or liquidity, and firms disclose this difference in their account agreements.
An example
A simulated fill avoids real market impact a live order would face.
Risk & limitations
Simulated performance does not guarantee identical live trading results.
Examples are hypothetical, not trade recommendations. US contract and regulatory references do not automatically apply in Canada. Rules, margin requirements and broker policies can change; confirm them with the relevant authority and your broker.