diff --git a/lib/cmds/simulator.js b/lib/cmds/simulator.js
index 5cc5a6f90..a1a4d3dd3 100644
--- a/lib/cmds/simulator.js
+++ b/lib/cmds/simulator.js
@@ -32,21 +32,14 @@ class Simulator {
       cmds.push("--mnemonic \"" + (simulatorMnemonic) +"\"");
     }
 
-    // the simulatorAccounts configuration overrides a mnemonic
+    // as ganache-cli documentation explains, the simulatorAccounts configuration overrides a mnemonic
     let simulatorAccounts = this.blockchainConfig.simulatorAccounts || options.simulatorAccounts;
     if (simulatorAccounts && simulatorAccounts.length > 0) {
-      simulatorAccounts.forEach((account, index) => {
-        let hexBalance = '0x8AC7230489E80000'; // 10 ether;
-        if (account.hexBalance) { // TODO: ensure it is 0x-prefixed hex
-          if (account.hexBalance.match(/0x[a-f0-9]+/i)) {
-            hexBalance = account.hexBalance;
-          } else {
-            this.logger.warn('Balance provided for the account #' + index + ' is not a valid hex number. Using 10 ether as a default.');
-          }
-        } else {
-          this.logger.warn('No balance has been provided for the account #' + index + '. Using 10 ether as a default.');
-        }
-        let cmd = '--account="' + account.privateKey + ','+hexBalance + '"';
+      let web3 = new (require('web3'))();
+      let AccountParser = require('../utils/accountParser.js');
+      let parsedAccounts = AccountParser.parseAccountsConfig(simulatorAccounts, web3, this.logger);
+      parsedAccounts.forEach((account) => {
+        let cmd = '--account="' + account.privateKey + ','+account.hexBalance + '"';
         cmds.push(cmd);
       });
     }