A funded account simply refers to an account that is setup with a pre-defined amount of capital, enabling whoever is trading on said account, to accumulate and payout profits to themselves. Prop firms are the ones who offer funded accounts, and as such are usually taking a percentage of any profits made within the account. Funded accounts are NOT loans, lines of credit, and can’t indebt you in any sort of way, and no background or credit checks are need to open one. Only costs that arise from acquiring a funded account are subscription and data costs meaning no surprises or hidden fees later on, which is a separate cost from any Mimic.Trade or Autotrading subscription.
