Unlike an actual efficiency record, simulated results don’t represent actual buying and selling. Also, for the explanation that trades have not actually been executed, the outcomes could have underneath or over-compensated for the impact, if any, of certain market elements, similar to lack of liquidity. Simulated buying and selling programs generally are designed with the benefit of hindsight. Past efficiency isn’t indicative of future results; no representation is being made that any account will or is more likely to achieve profits or losses much like those proven. Actual costs may be obtained solely on a real-time, expressly agreed-upon basis.