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

Please follow this link to read in greater detail how our process works.

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

After qualifying for an Elite Sim-Fund account by passing your evaluation, you need to accomplish the following to achieve your first payout:

  • Safety Net
  • 10 Active Trade Days (for a limited time)
    • For new evaluation purchases on or after October 1, 2024.

Q. What is the Safety Net?

  • The Safety Net is your account’s realized profits equal to the account max drawdown + $100.
  • For example, a 100K 1-Step evaluation has a max drawdown of $3,000. When your Elite Sim Funded account gets to $103,100, it has established the safety net ($3,000 + $100.) At that point, the starting balance, in this case, 100K plus $100, becomes your minimum account balance ($100,100). Go below that point, and your Elite Sim Funded account will be closed. There is an exception for Static Accounts. See the next question.

Q. What is the Exception for Elite Sim Funded Static Accounts?

  • We’re glad you asked! The minimum balance for your Elite Sim Funded Static account is the same as that for your evaluation. Remember, in Static Accounts, the drawdown never moves. Once your account has reached the safety net, the minimum balance will still be what it was before the safety net: 100K = $99,375 and 150K = $148,750.

Q. Can I withdraw profit from the Safety Net?

  • Between payout cycles one through three, Elite Sim-Funded traders cannot withdraw realized profits from the safety net (account max drawdown + $100).
  • For more information about the safety net, please follow this link.

Q. What are Active Trade Days?

  • There are two criteria to receive credit for an Active Trade Day:
    • Minimum of $200 realized profit.
    • Realized profit must equal at least twenty-three percent (23%) of the best Active Trade Day.
  • Please note that if your Elite Sim Funded account size is 10K, 25K, or 100K Static, the minimum realized profit is $100.
  • For more information on Active Trade Days, please 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?

  • The Consistency Rule only applies to accounts purchased or activated before August 1, 2024. If the Consistency Rule applies to your account, when you request a payout, the most profitable Active Trading Day shall not exceed forty (40%) percent of the total accumulated profits, including withdrawals. The formula for that is as follows: (Best Day P&L / Total P&L) * 100 = % of P&L. At the bottom of this page, you will find more information.

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

  • Once you have the required number of Active Trade Days based on your payout cycle and achieved/maintained the safety net, your Elite Sim Funded Account will be available for payout when the Request Payout button appears on your dashboard.

  • Important note: After you submit your payout request, cease trading on the account until the payout status is approved.
  • The amount available to request will depend on your account's payout cycle. Follow this link for more information on requesting a payout.