When can I request a payout, and is the max drawdown locked?
Your first withdrawal can be requested at any time. After that, you may request withdrawals of the profits in your account every 14 days. When a withdrawal is approved, we will deduct our share of the profits, and your maximum trailing drawdown will be locked at your starting balance. The trailing drawdown does not reset when you request a withdrawal.
Example: You take an account from $100,000 to $120,000 and request a withdrawal of $16,000. In this case, you would receive $12,800, and we would retain $3,200. This withdrawal would reduce the account balance to $104,000, and your maximum trailing drawdown would be locked at $100,000. As a result, you would have a maximum potential loss of $4,000 on the account before violating the maximum trailing drawdown rule.
If you fully withdraw the profits in your live account, the maximum trailing drawdown will remain locked at the starting balance. Consequently, this would result in the forfeiture of your live account, as your balance would trigger a breach of the maximum trailing drawdown rule.
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