How do I withdraw the gains in my Instant Funded Account?
Traders can request a withdrawal of the profits in their funded account through their trader dashboard at any time.
The first withdrawal can be requested on demand, provided all applicable payout requirements are met.
Under the standard payout schedule, subsequent withdrawals are limited to one request every 30 days.
Traders with a Rapid Payout Add-On can request subsequent withdrawals more frequently:
Bi-Weekly Rapid Payout: Subsequent withdrawals every 14 days
Weekly Rapid Payout: Subsequent withdrawals every 7 days
Daily Rapid Payout: Subsequent withdrawals every 1 day
Rapid Payout does not change payout processing times or any other payout requirements. It only allows traders to request subsequent withdrawals sooner. All other applicable requirements must still be met, including being profitable, flat, not breached, and meeting any applicable consistency requirements.
The minimum withdrawal amount is the greater of $100 or 1% of the account's starting balance.
When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal.
Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,000 and we would retain $4,000. This would also take the balance of the account down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have $4,000 maximum you could lose on the account before it would violate the Maximum Trailing Drawdown rule.
If you take a full withdrawal of the gains in your Funded Account, the Maximum Trailing Drawdown will lock in at the starting balance and trigger the Maximum Trailing Drawdown breach rule, resulting in the forfeiture of your Funded Account.