Payouts and money
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.
Also called: Payout frequency · Payout period
GFN’s figure
GFN's payout cycle is every 14 days in calendar days, measured from the first trade on the funded account. A 7-day cycle is available as an optional add-on at checkout.
- Standard cycle
- Every 14 days
- With the add-on
- Every 7 days
- Days counted
- Calendar days, not trading days
- Trading every day
- Not required
In detail
Payout cycle,explained
Two details decide what a cycle is actually worth: what starts the clock, and whether the days are calendar or trading. A cycle that starts at purchase is materially better than one that starts at the first trade if you are slow to begin.
A payout date is an option, not an obligation. Leaving eligible profit in the account is normally permitted, and on an account with a trailing floor it keeps the cushion wider.
Worked example
A first funded-account trade on 1 January makes 15 January the first payout eligibility date, with subsequent dates every 14 days after that.
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
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.
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.
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.
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.
Profit split
The share of eligible gains paid to the trader, with the remainder kept by the firm. At a simulated-funding firm the gains being divided are virtual profits generated on a simulated account.
Also governed by /rules/payouts
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Payouts every 14 days
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