When can I request a payout, and is the max drawdown locked?

Your first withdrawal can be requested at any time. After that, you can request a withdrawal of the profits in your account every 14 days. When a withdrawal is approved, we will also deduct our share of the profits, and your max trailing drawdown will be locked in at your starting balance. The trailing drawdown does not reset when you request a withdrawal.

Example: You have taken an account from $100,000 to $120,000. You then request a withdrawal of $16,000. In this scenario, you will receive $12,800 and we would retain $3,200. This would also bring the account balance down to $104,000, and your Maximum Trailing Drawdown is locked in at $100,000. So, you would have a maximum potential loss of $4,000 on the account before it would violate the Maximum Trailing Drawdown rule.

If you fully withdraw the profits in your Live Account, the Maximum Trailing Drawdown will still be locked in at the starting balance and will therefore result in the forfeiting of your Live Account, as your balance will trigger the Maximum Trailing Drawdown breach rule.

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