Conditions and Requirements
With simulated funding payouts come not from actual winnings in the market but from the company pockets, hence prop firms enforce strict rules that you must follow to be rewarded:
- At least 5 days, each with the minimum profit of $150 (typical values) to be eligible for a payout
- If the consistency rule is present, none of your profitable days can exceed 30%-40% (typical values) of the eligible amount or you will have to keep trading to lower your best day's share
- Amount to request can't exceed 50% of the total account balance with a hard cap of $2,000 to $5,000 per account
- KYC: you will need to have your personal data verified, typically done within minutes
Uncommon rules
Check if your prop firm has any other rules that you need to be aware of:
- Minimum balance before a payout (could be $2K or even more)
- Minimum trade duration (30s to 2m)
- Soft size limits (if they allow you to enter a position but discourage max allocation)
Requesting payouts
You can request payouts after the market close. It takes from a few minutes to 5 business days.
After a payout all requirements are reset, so you will again need to trade at least 5 days and so on. Pay attention that in many cases your MLL will reset to $0 (or $50K if that's how you started the account), so your available buffer may become lower than you expected.