Payout Frequency
Traders who select the Knights Challenge are eligible to receive 80% of their simulated profits every 7 days after the first trade in placed on the account. Payouts will be processed within 72 hours.
Subsequent withdrawals can be requested 7 days from the date following your first trade date after a previous withdrawal.
When you make a withdrawal from the account it reduces the trader’s virtual Relative Drawdown by the same amount. For example, if your Simulated account is at $107,000 and you withdraw $5,000. You will only have a $2,000 simulated drawdown left to trade as the account has simulated relative drawdown.
Promotions
If you purchased an account with a special profit promotion, that percentage will be the account's base simulated profit split.
i.e. If an account was purchased with a 90% promotion, the account's simulated profit split will remain at 90% for all subsequent withdrawals.
Note: A profit split means you are paid based on data which is measured by simulated profit.