Payouts and money
First payout
The earliest date a funded account can request money. What starts the clock differs by firm - purchase, account issue, or first trade - and that choice moves the date by days or weeks.
GFN’s figure
A GFN first payout becomes eligible 14 calendar days after the first trade on the funded account. Buying the account does not start the clock, and evaluation trades do not count toward it.
- Clock starts
- First trade on the funded account
- Purchase date
- Does not start the clock
- Evaluation trades
- Do not count
- Before payment
- KYC/compliance verification may be required
In detail
First payout,explained
A clock that starts at the first trade rather than at purchase means a trader who waits a week for a setup also waits a week longer to be paid. It also means there is no advantage in forcing trades to start the timer.
The first payout is also the first time identity verification is enforced in practice, so completing it early removes the most common source of delay.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Payout cycle
The interval between payout eligibility dates on a funded account. It is usually counted in calendar days from a fixed starting event rather than in trading days or calendar months.
Payout
A transfer of the trader's share of eligible virtual profits from a simulated funded account. Payouts are requested on an eligibility date, processed after checks, and paid to the verified account holder.
KYC
The process of confirming who owns an account, using identity documents and supporting information. It is required before money moves, and it is the most common cause of a delayed first payout.
Payout processing time
The gap between requesting a payout and the money arriving. It covers the firm's review, any identity checks, the payment provider's own processing and finally the settlement time of the chosen rail.
Funded account
The account a trader receives after passing an evaluation, or buys directly under an instant programme. At a simulated-funding firm it is a simulated account whose eligible gains can qualify for a real payout.
Also governed by /rules/payouts
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