Let’s be honest, each of us has joined this program with only one goal – to make a profit. It might sound obvious, but let me say one thing: a lot of prop firms are only interested in taking your money and not giving you anything. They create a business that enriches only their founders and leaves the traders flat broke.
We, on the other hand, have used a lot of effort in order to create a program that would be just and fair to all traders, and that would at the same time make sense for us too from the risk management viewpoint.
In this post, we’ll talk about how much profit you can make and how to withdraw it. Let’s start with the profit split
Our basic account offers a 50/50 profit split, which means that you receive 50% of the profit made by you in the live account. However, at the stage when you are customizing and buying your assessment account, you have the option to increase your profit percentage. We offer the following profit-sharing levels:
50/50 – you receive 50% and we receive 50% of the profit.
70/30 – you receive 70% and we receive 30% of the profit.
90/10 – you receive 90% and we receive 10% of the profit.
Each level leads to an increase in your assessment account price because it results in a lesser benefit for us. If you are looking for a cheaper assessment package to start with, do not increase your profit percentage. If you are confident in your trading abilities and want a bigger piece of the cake, select a 70/30 or 90/10 profit split level.
You are free to make your first withdrawal at any time, but you may also choose not to withdraw any funds for your account to grow infinitely. Remember that you can make your first withdrawal on any day and that each following withdrawal after the first one is limited to one (1) time in 30 days.
WITHDRAWAL REQUEST: You can request your withdrawal via the Traders Portal, or by email to firstname.lastname@example.org
For example: You have a $100,000 assessment account. You make $15,000 and now your balance is $115,000. You can immediately request a withdrawal of your profits in your Trader’s Portal.
Important: The balance is NOT redefined after the withdrawal. In our example, if you withdraw $15,000, you will breach the 5% Maximum Trailing Drawdown rule because upon your first withdrawal or upon reaching a 5% profit, your Maximum Trailing Drawdown is locked in at the initial balance of your account (in this case, at $100,000).
This means that if your balance is $115,000 and you withdraw $10,000, you will be paid and your live account will continue to be active for you to trade: $5,000 becomes your Maximum Trailing Drawdown, since the balance is locked in at the initial $100,000. This also means that if you grow your account from $100,000 to $300,000, you will be able to immediately request a withdrawal of $150,000 and still have a buffer of $50,000 for your Maximum Trailing Drawdown.
To learn more about Maximum Trailing Drawdown, click here.