You may request and receive a payout up to Twice Per Month:
- Request Dates: 1st-5th (Paid out on the 15th) / Approvals may happen any time between the 6th and 14th of the month
- Request Dates: 15th -20th (Paid out on the last day of the month) / Approvals may happen any time between the 21st and last day of the month - 1 day
For your 1st payout, you must have a total of 10 individual trading days, where actual trades were placed on those 10 days, before you can request the first payout. Each ongoing payout request requires a minimum of 10 trading days between payout requests, where trades were actually traded on ten individual, separate trading days. The 10 active trading days is from request to request (not based on request approval dates, when the funds were deducted from the account, or when payouts issued).
There is a minimum payout of $1,000 for any payouts requested during the first through third payout months, with a minimum account balance threshold after payout. There is also a maximum payout amount for the first through third payout months. (Whether you took one payout or two payouts for the month, it is considered one single "payout month") See below for maximum payout amounts the first three payout months.
EACH MONTH YOU TAKE A WITHDRAWAL IS COUNTED AS ONE "WITHDRAWAL MONTH" whether you took one or two withdrawals that month. The maximum limits are in place until after THREE Withdrawal Months are completed, then there is no maximum on the 4th "Withdrawal Month". A withdrawal must be made for it to count as a "withdrawal month"
There is no maximum payout on the fourth payout month and beyond, so long as the minimum balance threshold is in the account after payout.
REQUIRED Minimum Balance To Request a Withdrawal (each payout period)
To make a withdrawal request, your account must be at a required minimum balance to approve a payout and must be past the Trailing Drawdown level already. Ten trading days minimum are required between each withdrawal request.
REQUIRED Minimum Balance To Request a Withdrawal (each payout period):
$25k Account- $26,500
$50k Account- $52,500
$100k Account- $103,250
$150k Account- $155,250
$250k Account- $256,500
MAXIMUM: There is a Maximum withdrawal amount on accounts for the first 3 payout months of withdrawals. You can take out this maximum amount, twice a month, according to schedule above, as long as you have had 10 trading days between requests. Starting the 4th payout month, (after three previous payout months of withdrawals) there is no maximum, you can take out as much as you want, as long as the account stays above its minimum required balance (Starting balance plus $100) and there are a minimum of ten trading days between requests.
The maximum withdraw each payout (twice monthly) amount depends on the account size:
$25k Account- $1500
$50k Account- $2000
$100k Account- $2,500
$150k Account- $2,750
$250k Account- $3,000