Performance accounts & payout FAQ
Do the rules change from a challenge to a performance account?
No, the rules remain the same from a challenge to a performance account.
What is the consistency rule?
The consistency rule stipulates that your best profit and loss (P&L) should not exceed 30% of your total P&L. This rule is designed to ensure trading consistency and risk management
What is the safety net?
Post-withdrawal account balances must not drop below the Safety Net Limit (SNL) as specified:
For a $25,000 Account: SNL of $26,600.
For a $50,000 Account: SNL of $52,600.
For a $100,000 Account: SNL of $103,100
What are the requirements to get a payout?
Traders are required to make profits while following all the performance account rules before initiating a payout request. The account must exceed the Trailing Drawdown level and maintain the required minimum balance for payout eligibility.
What’s the frequency of the payouts?
Payment requests can be submitted at any time prior to the last day of each month. Payouts shall be executed on the last business day of the month.
Is there a maximum payout?
The Maximum Withdrawal for the first 3 months depends on the account size:
$1,000 for a $25,000 Account.
$1,500 for a $50,000 Account.
$1,750 for a $100,000 Account.
Beyond the third month, no maximum payout limit exists, provided the account balance exceeds the MSB.
What’s the profit split?
Traders are entitled to retain 100% of the first $25,000 withdrawn and 90% of subsequent profits. Traders will receive payment as independent contractors under the 1099 tax classification, not as employees.
What is the maximum of performance accounts that I can have?
You can have up to 20 performance accounts at a time. If you have passed more challenges, those will remain on hold until you have fewer than 20 active performance accounts.
Is copy trade allowed?
Yes, copy trading is allowed and it's straightforward to set up and manage using the built-in Quantower copy trade system. You can set it up easily by following this guide.
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