Payouts and money
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.
GFN’s figure
GFN payouts are available every 14 days, starting 14 calendar days after the first trade on the funded account - not from the purchase date, and not counting evaluation trades.
- First eligibility
- 14 calendar days after the first funded-account trade
- Afterwards
- Every 14 days
- Evaluation profits
- Simulated - not withdrawable
- After a breach
- A breached funded account is not eligible for payout
In detail
Payout,explained
Eligibility is the operative word. A payout requires the account to be at the funded stage, to be inside its risk limits, to have passed identity checks, and to remain compliant while the request is being processed.
Taking a payout reduces the profit sitting in the account, which can reduce the cushion above the drawdown level. Checking the resulting buffer before requesting is part of the decision, not an afterthought.
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.
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.
Withdrawal
The act of requesting a payout from a funded account. The requested amount leaves the account balance, which changes the distance between equity and the drawdown level for everything traded afterwards.
Payout method
How a firm actually sends the money: bank transfer, wire, or a payments provider that offers several rails. The method determines the paperwork, the fees and how long the transfer takes.
Payout denial
A refused payout request. The common causes are a breach recorded before the payout was approved, incomplete identity verification, a mismatch in the receiving account, or trading that broke a conduct rule.
Also governed by /rules/payouts
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Payouts every 14 days
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