Completing the Funded Account Challenge successfully means that you will be awarded with fully funded account, where you will have absolutely no liability for the losses, and you will also get to keep 80% of the profits generated from your trades on a weekly basis. If you prove your consistency, you can also scale your profits up to 90%!
At 12:00 Server time, on every Monday, the profits from the Funded Account will be transferred to your personal account, and you would be able to withdraw them at any time of your convenience.
This means that the capital of your Funded Account will be reset to the starting value (25k, 50k, 100k, 200k) depending on the account size.
It is important for traders to take the margin required to keep trades open into consideration before the weekly profit transfer!
The profits will be split as follows:
If a $50k account has generated equity of $55k over the week, the extra $5k in profits will be split in an 80/20 share, the trader being benefited the most. This means that the trader will have $4000 in withdrawable funds that week!
Please note that a profit of $10 or higher must be generated for the payout to occur every Monday. Should this not be the case, the total profits will be paid out once they are higher than $10.