How do I request a payout?
Traders can request a payout in their trader dashboard .The first withdrawal can be requested on demand once you close your first trade in profit and then every 30 days. For example if you make profits on day one in your live account you can request a withdrawal. Traders can also upgrade to bi-weekly payouts at the checkout stage.
Additionally, if you want to leave profits in the account and let them compound to scale your account you have the flexibility to do so. Upon requesting a withdrawal, your account will be set to read-only until the withdrawal is approved.
Please note for 1 phase live account, the max drawdown will lock in at your starting balance after receiving your payout.
1 phase live account payout example:
You have taken an account from $100,000 to $120,000. Your account had a 75% profit share. You then request a withdrawal of $14,000. In this scenario, we would pay you $10,500 (75%) and we would retain $3,500 (25%). This would also take the balance of the account down to $106,000, and your max loss limit is locked in at $100,000. So, you would have $6,000 maximum you could lose on the account before it would violate the maximum trailing drawdown rule.
*Please note you are entitled to a full withdrawal, however in doing so, you will forfeit the funded account ( on 1 phase accounts ).
*For all payouts, please make sure to fill out/update the payout request form which will be included in your payout email. We will not be able to process a payout unless we have the relevant details provided in the form.
