Yes. Perps Instant, Perps Evaluation and the funded accounts you receive after passing are simulated trading accounts.
What your fee covers
Your fee pays for access to the program. It is not a deposit and is not traded on your behalf.
How profit and payouts work
Profit is tracked in your simulated account. Payouts are made under the FFOne program terms.
Program terms
Review the program Terms for full details about simulated accounts and payout eligibility.