Navigating the world of simulated trading, The Funded Trader (TFT) stands out by offering traders the unique opportunity to manage simulated funded accounts and earn through their trading prowess. With a straightforward payout process, traders eligible for profits must submit an invoice via the “Profit Share” section of the Trade Hub, initiating a review and subsequent payout process.
Currently, The Funded Trader Payout is facilitated through cryptocurrency, ensuring a modern and accessible means for traders worldwide, albeit with certain country restrictions. TFT prides itself on efficiency, processing the Funded Trader payouts within 3 business days, and even quicker for those in the King’s Program, promising disbursement within 2 business days from the request date.
However, as of December 21, 2023, Wise (formerly TransferWise) is no longer an option for the Funded Trader payouts, directing traders towards cryptocurrency options. For affiliates, the Funded Trader payout cycle is every 30 days, with a minimum withdrawal amount set at $100. At its core, TFT offers a default payout ratio of 80:20, with opportunities for traders to increase their earnings through the Scaling Plan. This system underscores TFT's commitment to rewarding trading skills and strategy in the simulated trading arena.
✔ How does Funded Trader work ✔
- The Funded Trader (TFT) is a platform that offers simulated trading evaluations for traders to demonstrate their skills
- Successful completion of the evaluation allows traders to manage a simulated funded account
- Traders earn a virtual profit split based on the simulated profits generated within their account, adhering to TFT's terms and customer agreement
- The trading data from these simulated accounts is sent to a partnered proprietary trading firm, which may use the data to develop trading strategies
- The Funded Trader Payouts for eligible traders are processed via cryptocurrency within 3 business days, or 2 business days for those in the King’s Program
- Traders must submit an invoice through the “Profit Share” section of the Trade Hub to request a Funded Trader payout
- The default profit split ratio is 80:20 in favor of the trader, with the possibility of increasing earnings through the Scaling Plan
- TFT offers various challenges, such as the Standard, Royal, Rapid, and Knight's Challenge, each with specific rules and requirements
- Traders can trade on platforms like MetaTrader 4/5 and cTrader, depending on their location and account type
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Quick Overview of the Funded Trader Payout
The Funded Trader (TFT) is a platform that offers a unique opportunity for traders to engage in simulated trading evaluations. Here's a concise overview of how it operates, presented.
- Evaluation and Access: Traders undergo simulated trading evaluations to demonstrate their trading skills. Successful completion grants them access to manage a simulated funded account
- Profit Split: Earnings are based on a virtual profit split from the simulated profits generated within these accounts, adhering to TFT's terms and customer agreement
- Data Utilization: Trading data from these accounts is sent to a partnered proprietary trading firm, potentially used to develop trading strategies. Compensation for traders is based on the data provided, not actual market trading
- Payout Process: Eligible traders request the Funded Trader payouts via cryptocurrency within specific timeframes—3 business days generally, or 2 business days for those in the King’s Program. An invoice must be submitted through the “Profit Share” section of the Trade Hub
- Profit Split Ratio: The default profit split ratio is 80:20 in favor of the trader. This can be increased through participation in the Scaling Plan, which offers the potential for higher earnings
- Challenges: TFT provides various challenges (Standard, Royal, Rapid, Knight's Challenge) with specific rules and requirements, allowing traders to showcase their skills under different conditions
- Trading Platforms: Depending on location and account type, traders can use platforms like MetaTrader 4/5 and cTrader for their trading activities.
This structure allows TFT to offer a platform where traders can not only test and improve their trading skills but also earn from their performance in a simulated environment.
Minimum payout thresholds in the funded trader payout
The Funded Trader (TFT) offers a unique opportunity for traders to earn through simulated trading evaluations, with a focus on virtual profit splits based on their performance data. Here's a quick overview of the Funded Trader payout system:
- Default Payout Ratio: The standard payout ratio is 80:20, favoring the trader
- Scaling Plan: Traders can apply for the Scaling Plan, which increases the payout ratio to 90:10 if they consistently build wealth and meet the plan's terms
- Payout Thresholds:
- Standard and Royal Challenges: First-time withdrawals can be requested 30 days after the first trade
- Rapid Challenge: First-time withdrawals can be requested 14 days after the first trade
- Knight's Challenge: First-time withdrawals can be requested as early as 7 days after acquiring the simulated funded account
- Minimum Withdrawal: The minimum withdrawal amount is $1 for most challenges
- Payout Process: The Funded Trader Payouts are processed via cryptocurrency within 3 business days, or 2 business days for the King's Program
- Affiliate Payouts: Payouts for affiliates are processed every 30 days, with a minimum withdrawal amount of $100
TFT provides various challenges, such as the Standard, Royal, Rapid, and Knight's Challenge, each with specific rules and requirements, allowing traders to showcase their skills under different conditions
Breakdown of Payout options the Funded trader Payout
| Payout Option | Description | Processing Time | Minimum Withdrawal | Notes |
|---|---|---|---|---|
| Cryptocurrency | Currently the only available payout option for traders | 3 business days for standard accounts, 2 business days for King’s Program | $25 for crypto withdrawals | Wise (formerly TransferWise) is no longer available as of December 21, 2023 |
| Affiliate Payouts | For affiliates of TFT | Processed every 30 days | $100 | |
| Scaling Plan | For traders who apply and meet the terms of the Scaling Plan | – | – | Can increase the payout ratio to 90:10 |
How do you request Payouts in the Funded Trader? (A Step-by-Step Guide)
The Funded Trader (TFT) involves a straightforward process designed to ensure traders can efficiently receive their earnings. Here's a step-by-step guide to help you navigate the payout request process:
- Eligibility Check: Before initiating a payout request, ensure you are eligible for a withdrawal. This involves having a verified account with TFT, which requires submitting a government-issued ID, proof of address dated within the last 60 days, and a signed Funded Trader Agreement. Additionally, ensure no open simulated positions or orders are active on your trading account
- Invoice Submission: To request a payout, go to the “Profit Share” section of the Trade Hub. Here, you will submit an invoice for the amount you wish to withdraw. This step is crucial as it officially logs your request for a payout
- Account Review: After submitting your invoice, TFT will review your trading account. This review process is to ensure compliance with TFT's terms and conditions and to verify the legitimacy of the trading data and profits for which the payout is being requested
- Select Payout Method: Currently, TFT offers payouts exclusively via cryptocurrency. You can choose from ETH, USDC, and USDT via the ERC-20 network, or BTC via the BTC network. It's important to select the correct network to avoid losing your funds, as TFT cannot recover funds sent through an incorrect network
- Enter Crypto Wallet Address: Carefully enter your crypto wallet address in the designated field. Ensure accuracy, as incorrect information can lead to irreversible loss of funds. Sharing wallet addresses between users is prohibited due to Anti-Money Laundering (AML) concerns
- Generate and Submit Passcode: After entering your wallet address, click on “Generate Passcode.” This will send a passcode to your registered email. Enter this passcode in the required field and click on “Submit” to finalize your payout request
- Payout Processing: Payout requests are processed within 3 business days for standard accounts and within 2 business days for those in the King’s Program. Payout submissions received after 4 PM EST will be processed on the next business day. Be aware that factors such as investigations, failure to confirm the crypto payout address, and holidays may delay payouts
- Receive Your Payout: Once processed, your payout will be sent to the crypto wallet address you provided. Keep in mind the associated fees with crypto payouts, including conversion fees, blockchain network fees, and platform withdrawal fees
FAQs on TheFunded trader Payout
What are the typical requirements to qualify for a funded trader payout?
Requirements can vary between different funded trading programs, but common criteria include meeting specific profit targets, adhering to risk management guidelines, maintaining certain trading metrics (e.g., maximum drawdown), and following the rules and conditions set by the program provider.
How much can a trader expect to receive in a funded trader payout?
The amount a trader receives in a funded trader payout depends on several factors, including the profit-sharing agreement with the program provider, the trader's trading performance, the size of the trading account, and any fees or costs associated with the program.
Are there any fees or costs associated with funded trader payouts?
Some funded trader programs may charge fees or take a percentage of the profits generated by the trader as compensation for providing the trading capital and other services. It's essential for traders to fully understand the fee structure and terms of the program before participating.
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