“Traders with a Simulated Funded Account will be eligible for fx payouts after 14 days of getting their funded fx account, to be eligible, the account must be in profit from the initial starting balance when the trader received the account. To submit a payout the trader must have:
– No positions or orders open
– The minimum simulated profit is 50$
– For affiliate payout is $100
Once you submit a withdrawal your account will be placed on read-only and no trades will be able to be placed until the review and withdrawal process is complete.”
“A trader is eligible to request a payout every 5th day after the first executed trade on the funded account. There will be an 80% profit split applied. We have a scaling plan and a Hot Seat program.
Once a trader earns a Hot Seat in our firm, the trader receives on-demand payouts with a 90% profit split applied. The minimum amount for a payout is 1% of the initial balance including our split.
The trader will remain on the same account, therefore partial payouts are also possible.
Note: The minimum amount for a payout is 1% of the initial balance including our split.”
Related FAQs
General Queries
In your dashboard on our website, you can see “Payouts” in the menu.
A Simulated Funded Account refers to any account where a client has the potential to receive compensation based on a percentage of the virtual profit generated within that account, as determined by the virtual Profit Split associated with the account.
We want to remind you that our system automatically takes action on accounts that violate any of our drawdown rules or reach the end of their challenge period.
Once you have downloaded the client terminal, please log in on the terminal using the account login details that we provided to you, and you should be good to go!
If you happen to breach any of the Trading Objectives, that particular account will be automatically invalidated and loses eligibility to continue in the Evaluation Course.
Traders with a Simulated Funded Account will be eligible for fx payouts after 14 days of getting their funded fx account, to be eligible, the account must be in profit from the initial starting balance when the trader received the account.
We believe in constant adaptability and development when it comes to trading, therefore we do not have a minimum or maximum limit on trading days during our evaluation period.
The conditions are simulated live market conditions. If you use higher lot sizes, the chance of slippage increases. Volatile market moments increase the chance even more, which can not be controlled.
After you have passed all the Trading Objectives in the MyPropFirmFunds challenge, you will see a notification in your trading account informing you about your success.
It is crucial to remember that, in leveraged trading, managing open positions and monitoring the necessary margin level at all times is the trader’s responsibility.
If you breach any trading objective, all your open trades will be closed, your limit & stop orders will be canceled and the account is switched to view-only mode.
The bond between a trader and our affiliated Proprietary Firm is established through the Contract Agreement which will be provided to you upon successful completion of the Challenge and Verification.
In our Terms and Conditions, it is stated that all transactions made within trading accounts of our proprietary firm must not interfere with the functioning of the real market.
