Find the right next step.

CMC Funded is a simulated trading evaluation and reward programme. Traders are assessed on simulated accounts and can earn real rewards based on simulated performance.

No. Every evaluation and reward-stage account is simulated: the balance is not real money and you deposit nothing, so the most you can lose is what you paid for the challenge.

Classic and Direct come in $10K, $25K, $50K, $100K. Classic costs $99, $199, $299, $499; Direct costs $149, $249, $349, $549, paid once.

It is a trade-off between how much you prove up front and how much room you get. Classic asks for two phases and gives you the widest loss limits and the lowest fee. Direct asks for one, with tighter loss limits in exchange. The figures for both sit side by side on the challenges page.

No. The rules are fixed when you buy. Optional extras are chosen at checkout, before you pay.

The challenge fails. Hitting the daily loss limit fails it, and so does hitting the maximum loss. It takes effect at once: no grace period and no partial reset.

The most your account may fall in a single trading day: a share of your equity at the start of that day. Touch it and the challenge fails. It is 5% on Classic and 4% on Direct.

The floor for the whole account. Below it, the challenge fails. The floor is set once, from your starting balance, and never moves. Gains do not raise it. It is 10% on Classic and 6% on Direct.