What Is Get Funded Now (GFN)?

Get Funded Now (GFN) is a trader evaluation services firm offering clients the ability to complete an assessment and prove their trading skills without the need to risk any of their own personal funds, for just the price of a one time upfront fee. After passing our evaluation, eligible traders are able to receive up to 90% of the gains generated in their simulated GFN Funded Account! By adhering to the evaluation’s objectives and guidelines, traders can fine-tune their trading strategies, developing a deeper understanding of market dynamics and of risk management techniques. This setup not only provides an accessible trading environment for all levels of traders to develop their skillset but also allows traders to earn rewards based on the profits they generate from their simulated trades!

How does the Get Funded Now process work and how soon will I receive my reward?

In order to become a GFN Trader and get rewarded with up to 90% of the gains generated in a simulated GFN Funded Account, we first ask you to pass a ONE step evaluation. This allows us to make sure you can manage risk safely. Once you pass, you are given a simulated GFN Funded Account of up to $200k and are able to receive up to 90% of the gains generated on it! It is that straightforward. To begin simply choose the level of virtual funding that fits you best and pay the evaluation fee (your only ever outlay). Your evaluation credentials will be sent to you immediately. To pass, complete the objectives outlined in the Knowledge Base and in our Terms & Conditions. You will see for yourself we have the most generous evaluation objectives in the industry. Period. ONE single evaluation, NO minimum trading days and NO time limits. That means you will likely not have a better chance of success with any other evaluation services firm in the world.

What Happens Once I Pass the GFN Evaluation?

Once you pass the GFN Evaluation, congratulations you are now ready to start trading on a GFN simulated Funded Account keeping up to 90% of the gains generated in your simulated GFN Funded Account. GFN will continue to cover all losses. Please note; before issuing a GFN simulated Funded Account or any type of reward we require that you verify your ID and pass our KYC/AML screening. For most people, this will never be an issue, and the check will take no more than 5 minutes.

How Do The Get Funded Now Trading Rules, Maximum Drawdown, and Daily Loss Limit Work?

Profit Target To pass the evaluation you must achieve a virtual profit target of 10%, however, the advantage is that there are no further steps or phases so you are immediately eligible to receive a simulated GFN Funded Account of up to $200k. Max Drawdown The Max Drawdown is the maximum your account is allowed to drawdown at any time before breaching your account. You can think of it as the “total account stop-loss”. The initial level is set at 8% from the starting balance of your account. An 8% Max Drawdown (combined with the 10% virtual profit target) on a 1 Step evaluation is unbeatable in the trader evaluation services industry. Whilst the Max Drawdown on the evaluation is a relative drawdown, the drawdown only follows you up until you reach a virtual profit target of 8% after which we completely remove the relative drawdown and allow you to draw back down to your initial starting balance before breaching your account. This means after reaching a virtual profit target of 8% the Maximum Drawdown can grow to be much greater than 8%. For example, if you have a $100,000 account, you can go down to $92,000 before breaching the account. Let’s say you are a profitable trader and make $4,000 in your account. Your High-Water Mark is now $104,000 (balance, so just closed trades). Your Max Drawdown limit will be $96,000. Next, you make an additional $4,000 in your account. So, your new High-Water Mark is $108,000. Here is where the Max Drawdown locks in, so as your High-Water Mark rises your Max Drawdown limit will stay at $100,000, which means your Max Drawdown increases beyond 8%. Let’s say you have grown your account to $120,000. Your effective Max Drawdown level is now 20% (2.5x greater). Daily Loss Limit The Daily Loss Limit is the maximum your account is allowed to drawdown on any given day before breaching your account. You can think of it as the “daily account stop-loss”. The initial level is set at 5% from the starting balance of your account for all our evaluation programs. It means that at any moment during the trading day the decrease in open or closed trades should not exceed this predetermined limit. The Daily Loss Limit on the account is re-calculated at the end of every trading day based on 5% of the account’s balance or equity, whichever is greater when the trading day changes at 5pm EST. The good news is, because we base the Daily Loss Limit on a %, and not a fixed $ amount, the more money you make in your account the wider your daily stop-loss is! For example, if you start with a $100,000 balance and grow that account to $120,000 (balance or equity), your daily stop-loss level is now $6,000 vs. $5,000. The Daily Loss Limit and Max Drawdown rules serve as important risk management measures, ensuring that traders control their equity fluctuations within a specified range. By adhering to these rules, traders can protect their simulated capital and maintain a disciplined approach to managing their account!

Add Ons on Get Funded Now What Are They?

To allow you maximum trading flexibility the following completely optional add-ons are available for you to purchase at the check out if you wish: 1. Our Standard virtual profit share of 75% can be increased to 90%. 2. Our Standard Leverage can be doubled to 20:1 (FX & Metals Only). 3. The compulsory requirement to use a Stop Loss can be removed. Alternatively to give you ultimate value we also have the option for you to bundle all 3 add-ons together for a substantial saving over adding them on separately. The choice is entirely yours!

How Can I Begin with Get Funded Right Now?

Starting out with GFN is simple and straightforward. Head over to the Challenge section of our website and select the virtual account size you would like to take your evaluation on. That’s it. Pay your one time fee. Within a few minutes you will receive your virtual trading account credentials in a welcome email and will be able to access your very own state of the art Trade Hub where you will find everything you need to track your progress. You are now ready to start trading, risk free (your only outlay is the One Time Evaluation Fee!)

What Trading Rules Apply to Get Funded Right Now?

For both the GFN Evaluation and GFN Simulated Funded Accounts the following rules apply: HARD BREACH rules which would disqualify your account: Daily Loss Limit: 5%* Max Drawdown: 8%* * See the explanation of these 2 rules in the next 2 FAQs titled “How Do You Calculate Daily Loss Limit?” and “How Do You Calculate Max Drawdown?” Soft breach rule, which will close positions and you can continue trading: A Stop-loss is required for each trade, at the time the trade is executed, unless the No Stop-Loss add-on purchased no longer requires this action. However this is only considered a soft breach, which means, even though you violated the rule, you can continue on trading, and should you reach your Phase 2 5% virtual profit target (without violating daily loss or max fixed drawdown limits), you would be upgraded to a simulated funded account.

How Is the Maximum Drawdown on Get Funded Now Calculated?

The Max Drawdown is the maximum your account is allowed to drawdown at any time before breaching your account. You can think of it as the “total account stop-loss”. The initial level is set at 8% from the starting balance of your account. An 8% Max Drawdown (combined with the 10% virtual profit target) on a 1 Step evaluation is unbeatable in the trader evaluation services industry. Whilst the Max Drawdown on the evaluation is a relative drawdown, the drawdown only follows you up until you reach a virtual profit target of 8% after which we completely remove the relative drawdown and allow you to draw back down to your initial starting balance before breaching your account. This means after reaching a virtual profit target of 8% the Maximum Drawdown can grow to be much greater than 8%.

On Get Funded Now, how many lots am I allowed to trade?

Traders can trade as many lots as they wish within the limits of their account’s size and virtual leverage. What constitutes a lot? FX: 1 lot = $100k notional Index: 1 lot = 10 Contracts Cryptos: 1 lot = 1 coin Silver: 1 lot = 5000 ounces Gold: 1 lot = 100 ounces Oil: 1 lot = 100 barrels

What Takes Place on Get Funded Now if My Account Is Inactive for a While?

We require you to place at least one trade every 30 days. If this is not done we will consider your account inactive and a breach of your account will occur. This is a result of the broker deleting inactive demo accounts after that period of time.

Can I Hold My Positions on Get Funded Now During the Weekends or Overnight?

You can hold trades overnight, and through the weekend.

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