Legal

Simulated trading and risk

How Backed accounts work, what is real and what is simulated, and the risks to understand before you buy.

Simulated accounts

Every Backed account, at every stage, is simulated. Prices come from live market data, but no order you place is sent to any exchange, broker, pool or prediction market, and no asset is bought or sold for you.

What is real

Payouts from a funded account are real, calculated under the rules and paid after a review. A funded account is not a deposit, an investment or capital you own, and its balance has no cash value.

What your fee pays for

The price of an account pays for access to the evaluation and the platform. It does not guarantee that you will pass, be funded or receive payouts, and all sales are final.

Risk

Trading is risky, and passing is never guaranteed. Memecoins, leverage and prediction markets move fast, and a single move can end an account. Only buy what you can afford to lose, and size every trade with your limits in mind.

Backed balance and packs

Backed balance is credit for accounts and packs; it cannot be withdrawn. Pack results are random, with the odds shown before you open.

The documents

Live values · rules last changed 26 October 2026