Payouts and money
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.
GFN’s figure
GFN caps Instant withdrawals at 2% of the starting balance per 14-day cycle, above a 3% minimum buffer. On a request, all profit above the buffer leaves the account; you receive up to the cap and anything above it is deducted rather than paid.
- InstantCap
- 2% per cycle ($2,000 on $100,000)
- InstantMinimum buffer
- 3% ($3,000 on $100,000)
- 1 Step and 2 StepCap
- None
In detail
Withdrawal cap,explained
Caps are most common on instant-funding programmes, where the firm is exposed from the first trade and wants profit to build before it leaves. Read the cap together with any minimum buffer, because the two interact.
The mechanic to check is what happens to profit above the cap: at some firms it stays and compounds, at others it is deducted from the account at the point of withdrawal.
Worked example
A $100,000 Instant account showing $6,000 profit: $3,000 is deducted, $2,000 is withdrawable, and the account restates to $103,000 against a $98,000 floor.
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
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.
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.
Instant funding
A programme with no assessment phase. You buy a simulated funded account and trade it from day one, with no profit target to clear - paid for with tighter risk limits and a lower virtual profit share.
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.
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.
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