Q. How do I get paid in my Elite Sim-Funded account?

For a detailed breakdown of the payout process, please follow this link.

Q. When can I withdraw profits and get my first payout?

After passing your evaluation and qualifying for an Elite Sim-Funded account, you need to achieve two things to receive your first payout:

  • Safety Net: Your account’s realized profits must equal the account's max drawdown plus $100.
  • Active Trade Days:
    • Achieve 15 Active Trading Days for the first and second payout cycles and 10 Active Trading Days for subsequent cycles.
    • For a limited time, the requirement for Active Trade Days has been reduced to 10 days for all payout cycles.
      • Applies to new evaluation purchases made on or after October 1, 2024

Q. What is the Safety Net?

  • The Safety Net is realized profits equal to your max drawdown plus $100. For example, in a 100K 1-Step evaluation with a $3,000 drawdown, once your account reaches $103,100, the Safety Net is established. Your minimum account balance then becomes $100,100. If you fall below this, the account will be closed.

Q. How does the Safety Net work for Static accounts?

  • For Static accounts specifically, the drawdown never moves from your static minimum allowed balance. Once you achieve the Safety Net (max account drawdown plus $100), the minimum balance for account failure remains $99,375 for a 100K Static account and $148,750 for a 150K Static account.

Q. Can I withdraw profit from the Safety Net?

  • Regardless of which Elite Sim-Funded account you are trading, during payout cycles one through three, you cannot withdraw realized profits from the Safety Net (account max drawdown + $100).

    For more details on the Safety Net, follow this link.

Q. What are Active Trade Days?

  • An Active Trade Day requires the following:

    A minimum of $200 in realized profit ($100 for 10K 1 Step, 25K 1 Step, 25K EOD, or 100K Static)

    The realized profit must equal at least 23% of your best Active Trade Day.

    For more details, follow this link.

Q. 23% of the best Active Trade Day? What does this mean?

  • For example, the first day in your Elite Sim Funded account goes great, and you earn a realized profit of $1,000. For day two to be considered an Active Trade Day, you must earn at least $230 ($1000*23% = $230). Maybe on day seven, you earn a realized profit of $1,500. This $1,500 now becomes your account’s best Active Trade Day. Days following this would need to make a minimum of $345 ($1,500*23% = $345) to be considered an Active Trade Day.
  • For more information on Active Trade Days, please follow this link.

Q. What is the Consistency Rule?

  • For accounts purchased before August 1, 2024, the most profitable Active Trade Day cannot exceed 40% of total accumulated profits. The formula is: (Best Day P&L / Total P&L) * 100.

Q. I’ve got enough Active Trade Days. How do I request a payout?

  • Once you meet the required Active Trade Days and have achieved the Safety Net, the “Request Payout” button will appear on your dashboard. 

    IMPORTANT: You must stop trading after submitting your payout request until it is approved.

  • For more information on requesting a payout, follow this link.