Overview
Traders with Simulated Funded Accounts eligible for payouts should submit an invoice by going to the "Profit Share" section of the Trade Hub to submit an invoice to request your withdrawal. Once done, the trader's account will be reviewed, and their payout will be processed.
Traders must be eligible for withdrawal to submit a withdrawal request.
Please note that the following factors may prevent your payout within the given time frames: investigations, failure to confirm the crypto payout address, and holidays.
Now, without any restrictions, traders from all countries, including Vietnam, can request payouts via crypto.
Please note that any mention of "profit split" or "payouts" refers to clients being compensated based on their data that is measured by their simulated profit, not the actual simulated profit they generate.
Payout Processing Times
Eightcap Simulated Funded Accounts
Standard, Royal, Knight, Rapid: 48 Business Hours
King’s Program: 16 Business Hours
ThinkMarkets Simulated Funded Accounts
Standard, Royal, Knight, Rapid: 24 Business Hours
King’s Program: 8 Business Hours
Withdrawal Request Eligibility Requirements
Payout Eligibility
Before being eligible to receive a payout from The Funded Trader, you must become verified by submitting:
A government-issued ID (e.g., a driver's license or passport)
Proof of address dated within the last 60 days
A signed Funded Trader Agreement
First Payout
For Standard Challenges: 21 days since the first trade has been placed.
*Please note: As of July 27th, 2023, Standard Challenges are eligible for payouts 21 days after the first trade has been placed.
For Rapid Challenges: 14 days since the first trade has been placed.
For Royal Challenges: 30 days since the first trade has been placed.
For Knights Challenges: 7 days since the first trade has been placed.
No virtual open positions or orders should be active on the Simulated trading account.
Note: Your simulated account will be placed in read-only mode when your withdrawal request is submitted.
Future Payouts
Overview
Rapid, Royal, and Standard Accounts: 14 days since the first trade was placed after the previous payout date
Knight Accounts: 7 days since the first trade was placed after the previous payout date
Payout Requirements
No open simulated positions or orders should be active on the trading account.
Account Disabled During Payout Process
Please note that your simulated account will be placed in a read-only mode when your payout request is submitted.
Payout Overview and Methods
Overview
All traders earning payouts or rewards through TFT will bear any transaction fees associated with their payout.
Payouts that were previously restricted to $10K when requested via crypto now have no such limit. All traders will take care of transaction fees associated with their crypto payout.
Methods
Crypto - See the detailed 'Crypto Payouts' section below for more information.
Wise (TransferWise) Payouts
Wise is no longer an available option for payouts. If you had previously selected Wise as your payout method, your request would be canceled. We will inform you via email as soon as the cancellation is made, and you will then need to make a new payout request using crypto via Trade hub.
Crypto Payouts
Crypto payouts are open for all eligible countries without any maximum limit.
All previously set restrictions, such as the $10,000 USD cap and country restrictions like Vietnam, have been lifted.
Crypto payouts are only available in ETH, USDC, USDT via ERC-20 network, or BTC via BTC network.
There is a $25 minimum request for crypto withdrawals
Crypto Country Restrictions
All country restrictions, including the previous restriction on Vietnam, have been lifted. The Funded Trader now offers crypto as a payment method for traders from all countries, minus those listed under Banned Countries on the Countries with Limitations for Affiliates and Payouts FAQ article.
Prohibited Sharing of Wallet Addresses
Sharing crypto wallet addresses between other users within the firm is strictly prohibited, as this can present an Anti-Money Laundering (AML) concern.
If it is found that you are engaging in any kind of malicious activity or sharing wallet addresses as it goes against our policies - your account will be subject to investigations and/or banned from our platform.