Upon completing both phases of the Standard, Rapid, or Royal Challenge, or the single phase of the Knights Challenge, the initial refund will be processed with the first payout of your Simulated Funded Account.
Its important to note that if you fail your funded account or violate any of the rules outlined in our FAQs, Trader Agreement, and T&Cs prior to getting your first payout, both the refund and any simulated profits generated will be entirely forfeited and no longer eligible to be paid out.