Navigating the payout process for different challenges at The Funded Trader can seem daunting, but understanding the specifics can help simplify this crucial aspect of your trading journey. Below, we outline how payouts are processed across various challenges and discuss the scaling plans that enhance your initial account balance.
Payout Process Overview
All traders with eligible Funded accounts need to submit a payout request via the Payouts section of the Trade Hub. Reviews of trader's accounts are conducted before processing payouts, which currently are available through various cryptocurrencies including BTC, ETH (ERC-20), USDC (ERC-20) and USDT (ERC-20).
Payout Processing Times:
Standard, Rapid, Royal, Knight, & Dragon Challenges: 3 to 5 business days from request.
King’s Program: 2 business days from request.
Challenge-Specific Payouts Request Eligibility
Funded accounts become eligible to request payouts based on the time since the first trade is placed on the Funded account and subsequent payouts become eligible based on the amount of days after the date of your first trade following any previous withdrawal. Once a first trade is placed, your next payout request eligibility date will appear on the Payouts section of the Trade Hub, as long as the accounts balance is above its starting balance.
Challenge Type | First Payout Eligibility | Subsequent Payout Eligibility |
Standard | 21 days after first trade date | 14 days from first trade date after previous withdrawal |
Rapid | 14 days after first trade date | 14 days from first trade date after previous withdrawal |
Rapid with 7 days withdrawal add-on | 7 days after first trade date | 7 days from first trade date after previous withdrawal |
Royal | 30 days after first trade date | 14 days from first trade date after previous withdrawal |
Royal with 14 days withdrawal add-on | 14 days after first trade date | 14 days from first trade date after previous withdrawal |
Knight | 7 days after first trade date | 7 days from first trade date after previous withdrawal |
Dragon | 7 days after first trade date | 7 days from first trade date after previous withdrawal |
Payout Eligibility and Request Process
To request a payout, traders must first be verified, which includes submission of a government-issued ID, proof of address, and a signed Funded Trader Agreement. No open positions should be active at the time of the payout request and account balance must be above the starting balance in order to be eligible to submit a payout request.
Note: A payout means you are paid based on data which is measured by simulated profit.
Account Scaling and Profit Split Enhancement Plans
Introduction
At The Funded Trader, we understand the value of rewarding consistent performance. Our scaling plans across different challenges—Standard, Rapid, Royal, Knight, and Dragon—are designed to provide traders with the opportunity to increase their account's virtual starting balance and potential profit sharing percentage based on their trading success. This comprehensive guide outlines how you can grow your demo account and enhance your simulated payouts.
Scaling Overview
Scaling is a process designed to incrementally increase a trader's demo account balance by a set percentage, based on consistent simulated trading performance over time.
Standard Challenge Scaling
Eligibility: Traders must show profitability of at least 6% over a 3-month period, or 2% each month.
Scaling Increase: 25% increase of initial demo account balance per scaling event.
Review Cycle: Every 3 months. Traders must make two withdrawals during this 3 month period.
Profit Share Increase: Up to 90% of simulated profits.
Standard Challenge Scaling Examples
Initial Virtual Starting Balance | Scaling Event | New Virtual Starting Balance |
100K | 25% of original starting balance added to virtual starting balance & profit share increased to 90% | 125K |
125K | 25% of original starting balance added to virtual starting balance | 150K |
150K | 25% of original starting balance added to virtual starting balance | 175K |
Rapid Challenge Scaling
Eligibility: Requires achieving over 10% of the account’s initial balance in a single payout.
Scaling Increase: 10% additional to the initial demo account balance per eligible payout.
Review Cycle: Evaluated at each withdrawal request exceeding 10% profit.
Profit Share Increase: If during any 3 month period you qualify for the 10% scaling 2 out of 3 months, you are then eligible for 90% payouts permanently. For example, if in April and June you qualify for the 10% scaling as explained above, but in July you only make 1%, from August onward you will receive 90% payouts.
Rapid Challenge Scaling Examples
Initial Virtual Starting Balance | Scaling Event | New Virtual Starting Balance |
100K | 10% of original starting balance added to virtual starting balance | 110K |
110K | 10% of original starting balance added to virtual starting balance | 120K |
120K | 10% of original starting balance added to virtual starting balance | 130K |
Royal Challenge Scaling
Eligibility: Traders must show profitability of at least 6% over a 3-month period, or 2% each month.
Scaling Increase: 25% increase of initial demo account balance per scaling event.
Review Cycle: Every 3 months. Traders must make two withdrawals during this 3 month period.
Profit Share Increase: Up to 90% of simulated profits.
Royal Challenge Scaling Examples
Initial Virtual Starting Balance | Scaling Event | New Virtual Starting Balance |
100K | 25% of original starting balance added to virtual starting balance & profit share increased to 90% | 125K |
125K | 25% of original starting balance added to virtual starting balance | 150K |
150K | 25% of original starting balance added to virtual starting balance | 175K |
Knight Challenge Scaling
Eligibility: Traders must show profitability of at least 6% over a 3-month period, or 2% each month.
Scaling Increase: 25% increase of initial demo account balance per scaling event.
Review Cycle: Every 3 months. Traders must make two withdrawals during this 3 month period.
Profit Share Increase: Up to 90% of simulated profits, with improved drawdown limits upon scaling.
Knight Challenge Scaling Examples
Initial Virtual Starting Balance | Scaling Event | New Virtual Starting Balance |
100K | 25% of original starting balance added to virtual starting balance & profit share increased to 90% | 125K |
125K | 25% of original starting balance added to virtual starting balance | 150K |
150K | 25% of original starting balance added to virtual starting balance | 175K |
Dragon Challenge Scaling
The full details of the Dragon Challenge Scaling program can be found in the following article: Dragon Egg VIP Program.
Scaling Mechanics
Account scaling happens automatically and will only be done and processed while awaiting a withdrawal since the account balance must equal the starting balance when an account is scaled.
Note: Since daily and maximum drawdown loss limits are always calculated as a percentage of virtual starting balance, scaling your account will also scale your daily and maximum drawdown limits.
Maximum Simulated Funded Account Balance Potential
The Funded Trader allows these 25% account increases to take the sum of a trader's demo account virtual balances all the way up to $1.5M in simulated virtual starting balance across all active Funded accounts.
For example, if you have two 200K Funded accounts, you can scale each of them to 750K in virtual starting balance, which is a total of $1.5M in virtual starting balance and equal to the maximum allowed through the scaling plan.
Concluding Notes
Understanding the payout process and scaling opportunities at The Funded Trader allows for a more strategic and informed trading approach. Each Funded account offers unique benefits and requires specific criteria for payouts and account growth, tailored to support your trading ambitions effectively. For more details or specific inquiries, contact our support at [email protected].