A funded account is a trading account whose capital belongs to a proprietary trading firm rather than to you. You trade it under the firm's rules and keep an agreed share of the profits — commonly 70% to 90%.
The capital is usually notional: you are trading a simulated account that mirrors real conditions, and the firm hedges or takes the other side as it chooses. That does not make payouts fake, but it does mean your recourse if a payout is refused is the contract, not a regulator.
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Account Types, and What Actually Changes Between Them
Standard, raw, cent, swap-free, professional. What genuinely differs between the tiers, and the one reclassification that costs you protections.