You’re here to make money we get it, but before you sign up and start making money, make sure you understand how our Payout Process works.
If for some reason it doesn’t make sense or you are uncertain about something, please contact our team and they’ll be more than happy to fully explain the Payout Process to you.
Once you have your live funded account you have total control of when you receive payouts. Be sure to read all the components below as payouts can have various impacts on your trading account. If your question is not answered below, please be sure to reach out to our team and they’ll be happy to explain them to you.
To qualify for a withdrawal, ALL the following conditions must be met:
(a) The trader must have been funded for at least 1 month.
(b) The trader must not have withdrawn from this account in the last 14 calendar days.
(c) The trader must have achieved at least 2.5% profit.
(d) The trader must not have broken any rules.
Once requested, the withdrawal will be removed from the trader’s account balance. They may continue to trade immediately.
The standard profit split for Challenge accounts is 75%. This may differ if:
(a) The trader purchases an account with a coupon code which gives an increased profit split.
(b) The trader has scaled their account to a phase which gives an increased profit split.
An extremely important part of trading is rewarding yourself. It not only puts valuable cash in your pocket but the real value I believe is ‘it gives worth’ to your endeavours. It makes you appreciate your efforts and how valuable an income stream trading can become. The rewarding process will also help you realise that every trade is important and that overall will improve both your trade selection and trading process. The trick is knowing when to do it!
All you really need to think about is: how much drawdown do you need to stay in the game? The answer will be unique for each trader depending on their risk appetite and ability to manage a drawdown.
An easy way to work it out I believe is like this: the initial assessment has a 5% drawdown. Did that drawdown limit feel comfortable or uncomfortable? Once you work out the percentage drawdown you need/would like then simply set yourself some targets above that level.
Bear in mind, if you request a payout before your trailing MLL reaches your starting balance, you’re trailing MLL will automatically be set to the starting balance with a payout. That means if you request all your profits paid out then the account will be closed. So, you need to leave some cash in the account to continue trading. To give you a fighting chance to continue making money I believe 5% would the minimum you should leave in the account.
The trader can decide when and how much of their profits they’d like withdrawn each month or if they’d like to roll them over to the next month.
You can request a payout at any time using this invoice form. When a payout is requested and approved, we will immediately remove the funds from the trader's account. We will then prepare to send the funds to the trader via their requested method on the 1st business day of the next month.
We can process payout using the following methods:
- Bank Wire: The standard wire is the quickest and most efficient method available to make payouts. Traders must submit their bank information using the SWIFT format to ensure a successful transfer of funds. The bank account must be in the trader's name. If you’ve signed up for assessment with a ‘dodgy email/name’ then this could be a problem for you!
- Cryptocurrency: if you paid us in Crypto’s, we’ll pay you back in Cryptos.
We are unable to process payouts via PayPal.
The 1st of the month is payday!
Payouts are processed on the 1st business day of each month. So, bearing this in mind it’s wise to make the payout request at least a week before the end of the month to make sure you receive the cash on time otherwise it can take an extra three (3) to five (5) business days to receive the cash. International payments may take a few extra days depending on your bank.
We have a ‘no double-dip policy’ on the maximum drawdown available. That means, any payouts made will automatically reduce your maximum drawdown limit. The impact of payouts will be limited to your starting balance.
For example, a trader with a $100,000 account makes $5,000 profit (5%) & requests a 5% payout. The traders Maximum Drawdown limit will automatically be reduced by 5% from its initial 8% to 3% of the starting balance. So, the account equity or balance cannot drop below $97,000 from this point.
If the same trader, then gets their account balance up to $120,000 and requests a 10% payout their account balance is reduced to $110,000 & their Maximum Drawdown Limit will still be at $100,000. They still have $10,000 of maximum drawdown limits available.
If you breach your DLL 3 times whilst in profit your remaining profits will be dispersed according to your profit share plan.
If your funded account is inactive for longer than 1 month without notifying T4T Management, we will close the account and you will get your profits issued to you according to your profit share plan.
If you do have events which impact your ability to trade please notify T4T Management ASAP and we will keep your Live Account on hold for you.
Example 1: First Live Funded Account
A trader with their first $100,000 funded account makes $20,000 profit, taking their account balance to $120,000.
They request a withdrawal of $15,000.
The $15,000 is withdrawn from their trading account and distributed according to the Profit Share.
The trader gets:
100% of the first 5% profits ($5,000) = $5,000
80% of the profits above 5% ($10,000) = $8,000
Total = $13,000
Their trading account is reduced to $105,000 and they can continue trading with their Maximum Loss limit still at $100,000, their starting balance.
Example 2: Second Live Funded Account
A trader with their second $100,000 funded account makes $40,000 profit, taking their account balance to $140,000.
They request a withdrawal of $30,000.
The $30,000 is withdrawn from their trading account and distributed according to the Profit Share.
The trader gets:
80% of the profits ($30,000) = $24,000
Total = $24,000
Their trading account is reduced to $110,000 and they can continue trading with their Maximum Loss limit still at $100,000, their starting balance.
Example 3: The Impact of an Early Payout Request
A trader starts with a $100,000 account and makes $3,000, taking their account balance to $103,000.
They request a $1,000 payout.
The trader gets:
100% of the payout request up to 5% of profits ($1,000) = $1,000
Their trading account is reduced to $102,000 and they can continue trading with their Maximum Loss limit raised to $100,000, their starting balance.
Any future payout requests will be split 80/20 in favour of the trader.