Simulated funded accounts can be very lucrative. They can help you improve your trading experience, and they let you trade with no financial risk. For day traders, this level of access can be invaluable.  

Given these benefits, you might want more than one funded account. But how many can you have? And is it worth having more than one simulated funded account?  

Whether you need a new Forex funded account, or you’re growing your trading prowess, here’s how many accounts you can have.  

What Is a Funded Account?

A funded account is a trading account funded by a third party, such as a prop trading firm. In other words, you don’t fund the account with your own money. The other party provides the capital (or simulated capital) for you to trade with.  

How Do Simulated Funded Accounts Work?

First, the trader opens a simulated funded account on a trading platform or with a prop firm. In exchange for access to simulated capital, the trader works on behalf of the firm. Meaning, they’re authorized to trade on the firm’s behalf in a trading environment based on real market conditions.   

• Simulated funded accounts help talented traders access resources to grow, even if they lack their own money.  
• The firm will help you learn risk management strategies and other ways to improve your chances of success. After all, since they’re investing capital, they want to help you make a profit.  
• In return for financial access, the trader gives a percentage of their simulated profits to the firm.  

There are various types of funded accounts available. For example, you might have a funded account for Forex, or open a funded account for crypto trading.  

How Many Simulated Funded Accounts Can I Have? 

You can have more than one simulated funded account. However, the actual number of accounts you can have varies. Account number limits depend on various factors such as: 

• The prop firm or platform you use 
• Your experience level 
• Your trading success 
• The amount of capital in each account  

More experienced and successful traders may easily manage multiple accounts. Less experienced or novice traders may prefer to focus on just one or two accounts at first.  

Are There Account Limits? 

It depends on the platform. Most prop firms will have some rules or “ceilings” in place to support traders and protect their own financial position.  

At Maven Trading, we offer up to $200,000 in simulated funded capital as an initial investment. This isn’t a limit, per se, but a risk management strategy to ensure you get the most from your demo account.  

What Is Funded Account Scaling?

Scaling means that your account size increases. This feature is offered to traders who comply with prop firm rules and consistently make profits. We offer scaling to traders who make at least one payout per month and profit by at least 10% over a four-month period.  

Can I Merge Funded Accounts?

Yes. At Maven Trading, you can merge your demo funded accounts to simplify your portfolio and improve your trading experience. All it takes is an email to us to discuss account management.  

And don’t worry – you can open more simulated funded accounts later, if this suits your trading goals. 

Can I Have Simulated Funded Accounts on Different Platforms? 

Absolutely. Many traders choose to work across different funded trader programs to support their overall goals. However, for some traders, it’s better to open multiple simulated funded accounts with the one prop firm.  

This could be easier to manage and make investing less stressful. And remember – less stress about account management means more time making trades!  

Choosing the Best Funded Account  

How do you choose the best funded account for you? Well, whether it’s the best Forex funded account or another asset you’re interested in, here are some tips.  

• Think about your overall trading goals. The demo account you choose should align with those objectives. For example, a day trader looking for the best funded account for Forex has different goals from a stock trader.  
• Look at the account features. Choose a simulated funded account with competitive spreads, drawdowns, and commission rates.  
• Check the platform’s credibility. You want to choose a demo account with a prop firm truly invested in your success. That way, you’ll receive all the support you need to get the most from your simulated account. 

Maven Trading Account Features 

For anyone looking for a simulated funded account, Maven Trading is the answer. Here’s why our accounts are so competitive: 

• Low spreads and commission from our third-party broker 
• No time limits for completing challenges 
• Frequent withdrawals 
• Keep up to 80% of your simulated funds 
• Buy back an account if you breach daily drawdown limits 

We’re one of the most competitive prop firms for fees, commissions, and profit splits. Don’t hesitate to choose Maven Trading if you’re seeking a simulated funded account.  

Opening a Simulated Funded Account

If you’re ready to open a simulated funded account, it couldn’t be simpler.  

• First, decide which type of account you wish to set up. We have both a “standard” and “pro” option. 
• Choose from over 400+ to complete a trading challenge. You may redo this challenge with easier rules if you choose the two-step option. 
• Get verified within a few days of completing your challenge(s). 
• Once we verify you, we will open your simulated funded account. Welcome to the Maven Trading community!  

Learn more over on our FAQs page. 

Get Funded with Maven Trading

At Maven Trading, we make joining a prop trading firm as easy as possible. We’re flexible, too. Whether you’re merging or scaling your accounts, we’ll help you reach your trading goals. To join our trading platform, simply choose your account, complete our challenges, and get verified.  

Once the process is complete, you can enjoy all the benefits of a simulated funded account from Maven Trading. You can be up and running in just a few days. Choose your simulated funded account and start your trading journey!