PA account / funded account

The simulated capital account you get after passing

The account you receive once you clear the evaluation. Firms call it a PA (Performance Account), Funded Sim, Master or reward account. In most cases the orders never reach the live market — it is a simulated account — but the profit you make on it is withdrawable under the firm's payout rules. There is usually a separate activation fee (one-off or monthly), and the funded stage often runs on different rules from the evaluation: payout caps, consistency requirements, minimum trading days. Never buy on the strength of the evaluation rules alone.