Payouts and money
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.
GFN’s figure
Withdrawing from a GFN account reduces the profit in it and can reduce the cushion above the drawdown floor. On Instant, withdrawals are capped at 2% per cycle above a 3% buffer; the 1 Step and 2 Step have no cap.
- InstantCap per cycle
- 2% of the starting balance
- 1 StepCap per cycle
- None
- 2 StepCap per cycle
- None
In detail
Withdrawal,explained
A withdrawal is a risk decision as much as a financial one. Money taken out is money no longer acting as a cushion above the floor, and on a trailing structure the floor does not come down to compensate.
Withdrawals are paid to the verified account holder. The name on the receiving account has to match the person who bought, verified and traded the account.
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.
Withdrawal cap
A limit on how much may be taken out of a funded account in one payout cycle, usually a percentage of the starting balance. Profit above the cap stays in the account or is removed without being paid.
Minimum withdrawal
The smallest amount a firm will process, or the profit an account must hold before any withdrawal is permitted. The second form is a buffer that has to stay in the account rather than a transaction floor.
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.
Buffer
The distance between current equity and the nearest breach level. It is the only figure that tells you how much risk is available right now, and it shrinks with commission and floating losses as well as with realised ones.
Drawdown reset
The moment a drawdown calculation is recalculated from a new reference level - most often the daily loss limit rolling over to a new day, or an account level being restated after a withdrawal.
Also governed by /rules/withdrawal-cap
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