Quick Pay Funded Sim Payout Policy

At TradeDay, we prioritize transparency and your success. Our payout policy is designed to provide a fair balance between maximizing your earnings, maintaining account stability, and rewarding loyal, long-term traders of TradeDay.

• Profit splits are now calculated per individual account rather than lifetime withdrawals. Each account is evaluated independently.
• The minimum payout request is $250
• All profit splits and thresholds are calculated on gross profits (gross profits = account net profits + total withdrawals taken from the account)
• All Funded Sim payouts above $4000 net profit level will be at an 80/20 profit split.
• All Funded Sim payouts below a $4000 net profit level will be at a 50/50 profit split.

Payout requests submitted before 5:30 pm are processed the next business day. 

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Here are some example payout scenarios:

1. Payout Request Above the $4,000 Gross Profit Level: A trader on a $50K Funded Sim account earns $5,000 in profit. Their account balance is now $55,000. Since the account’s gross profit is above $4,000, the payout qualifies for the 80/20 profit split. The trader requests a $2,000 payout.
This reduces the trading account balance from $55,000 to $53,000.

However, because the resulting balance would be below the $4000 net profit level, the $2000 payout will have two profit splits. $1000 would be at 80/20 and the second $1000 would be paid out at 50/50, since the second $1000 would be below the $4000 profit level.

The account remains above the starting balance requirement.

2. Payout Request Below the $4,000 Gross Profit Level: A trader on a $50K Funded Sim account earns $3,000 in profit. This is their first payout request, and they have no previous withdrawals. Their account balance is now $53,000. Since the account’s total gross profit is below $4,000, the payout falls under the 50/50 profit split. The trader requests a $1,000 payout. This reduces the trading account balance from $53,000 to $52,000. The trader receives $500. 

3. Multiple Withdrawals Example: A trader on a $50K Funded Sim account earns $6,000 in profit. The account balance is now $56,000. The trader requests a first payout of $2,000. Since the account’s gross profit is above the $4,000 threshold, the payout qualifies for the 80/20 split for the full amount. The account balance is reduced from $56,000 to $54,000. The trader receives $1600.

Later, the trader earns an additional $2,000, bringing the account balance to $56,000 again.

The trader requests another $1,000 payout. 

Gross profit is calculated using:

Current net profits + previous withdrawals taken from the account

The account still remains above the $4,000 gross profit threshold, so the payout continues qualifying for the 80/20 split. The trader receives $800. The account balance is reduced from $56,000 to $55,000.

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 here.

The fees to the trader are as follows:

• International bank wire withdrawals: $15/withdrawal
• US bank wire withdrawals: Free
• L1 Crypto Withdrawals: $2.5/withdrawal + Estimated Gas Fees.
• L2 Crypto Withdrawals: Free.

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

If you have any issues withdrawing your profits from your Riseworks account, please contact Riseworks by going to their website here and contacting them through the chat box in the bottom right corner.