How often can I withdraw profits from my trading account and are there any fees?

How often can I withdraw profits from my trading account, and are there any fees?

The below will apply to any new user subscriptions taken out after 00.01CT on June 20, 2024. User subscriptions before this date will be subject to the previous payout rules. Subscriptions taken out before 00.01CT on June 20, 2024 will have no restrictions on payout and the minimum payout is $500.

• A trader cannot make a withdrawal request until they have cleared the buffer

• A trader can draw down into the buffer when they have cleared the buffer

• Minimum payout request is $250
  

Traders can withdraw profits whenever they like, and there are no restrictions on the frequency of withdrawals.

However, traders cannot take a withdrawal until their Trailing Maximum Drawdown (TMD) has moved to the opening account balance. This is often referred to as having cleared the “buffer”, so the TMD at this point will have frozen at the opening account balance.

For those traders that go straight to Funded Sim, this will mean that the withdrawals can only be made once the account balance levels have been attained, as in the table below:

For those traders that go straight to Funded Live, account  balances start at $0, so withdrawals can only be made once the account balance levels have been attained, as in the table below:

Once the “buffer” has been cleared and the TMD has frozen at the opening account balance, there are no restrictions on payouts. However, there is a minimum withdrawal amount of $250 for new user subscriptions taken out before and after 00:01 CT on June 20, 2024.

There are no payout restrictions for traders who graduate from a Funded Sim account to a Funded Live account.

Payout requests

Requests received before 5:30 pm CT will be processed within 24 hours (business days only).

Full details on how to withdraw can be found clicking on this link.

Please note the Trailing MaximumDrawdown (TMD) is calculated on the "gross" balance, which would include any withdrawals made (not on the "net" balance, which would be minus the withdrawal). This means that early withdrawals will reduce the Trailing Drawdown by the amount you withdraw and put you closer to auto-liquidation. Please see this FAQ here.

The fees to the trader are as follows:

• International bank wire withdrawals: $15/withdrawal

• USbank wire withdrawals: Free

• L1 Crypto Withdrawals: $2.5/withdrawal + Estimated Gas Fees.

• L2 Crypto Withdrawals: Free.

Click here to see the payment methods for my trading profits.

If you have any issues during the onboarding process, please contact Riseworks by going to their website here and contacting them through the chat box in the bottom right corner.