Overview of Our Payout Policy | My Funded Futures Help Center (2024)

FAQs

What is the payout policy for my funded futures? ›

For a withdrawal of the entire accounts profits: Depending on your account's lifespan - Under 45 calendar days: You receive 20% of net reserves when closing the account. 46 to 90 calendar days: You receive 50% of net reserves when closing the account. 90+ days: You receive 90% of net reserves when closing the account.

Funded accounts become eligible to request payouts based on the time since the first trade is placed on the Funded account and subsequent payouts become eligible based on the amount of days after the date of your first trade following any previous withdrawal.

Minimum Trading Days: To ensure active participation and commitment to the trading process, we have set the minimum requirement at 1 trading day. This means that traders must engage in at least one day of trading activity within their account to fulfill this requirement.

Every trader aspires to earn a funded account, where they get to work with a reputed prop firm. That's how funded traders get paid, after all: they help trading companies make higher profits; whatever profits they earn are split between the prop firm and the trader.

My Funded Futures utilizes a single-step evaluation process, simplifying the pathway for traders to access funding. Profit targets are set at various levels - $3,000, $6,000, $8,000, $9,000, and $12,000, providing clear, quantifiable goals for traders.

When equities are the underlying asset, traders who hold futures contracts until expiration settle their positions in cash. The trader will pay or receive a cash settlement depending on whether the underlying asset increased or decreased during the investment holding period.

About Virtual Funds

After a client becomes a Simulated Funded Trader, he/she will be provided with a demo account with simulated funds. The Funded Trader challenge and funded accounts are not live trading accounts, they are fully simulated accounts utilizing real market quotes from liquidity providers.

On a funded account, losing a large amount of money does not mean much. Even if it results in losing your funded account, you can still try to pass the evaluation at the same firm again or just join another one. Ultimately, you do not risk much and do not lose much.

A payout is a sum of money, especially a large one, that is paid to someone, for example, by an insurance company or as a prize. ... long delays in receiving insurance payouts.

This can be a risky form of trading, but it also has the potential to generate large profits. If you are starting with a small amount of capital, such as $10 to $100, it is still possible to make money on futures trading.

Do you need $25,000 to day trade futures? ›

Minimum Account Size

A pattern day trader who executes four or more round turns in a single security within a week is required to maintain a minimum equity of $25,000 in their brokerage account. But a futures trader is not required to meet this minimum account size.

Futures markets are open virtually 24 hours a day, six days a week; however, each product has its own unique trading hours. Next, each contract specifies the tick size. Tick size is the minimum price increment a particular contract can fluctuate. Tick sizes and values vary from contract to contract.

How does the 14-Day Payout Policy work? For Expert Accounts, every 14 days, the first $10,000 in profits is yours, followed by a 90/10 split.

Q: How many funded accounts can I have at once? A: You can have a total of 3 simulated funded accounts and 1 live funded account concurrently. Q: How do I get a live funded account? A: To qualify for a live funded account, continue trading as you do with your simulated funded account.

Profit Sharing

The amount varies with each prop firm. It's usually a 70/30 or 80/20 split, with the higher amount going to the traders. However, The Funded Trader's split is up to 90/10—you get to keep 90% of the profit. The profit-sharing model is a significant incentive because the arrangement benefits both parties.

Pay off on a position is the likely profit/ loss at expiry, that would accrue to a market participant with change in the price of the underlying asset.

Futures contracts have expiration dates as opposed to stocks that trade in perpetuity. They are rolled over to a different month to avoid the costs and obligations associated with settlement of the contracts. Futures contracts are most often settled by physical settlement or cash settlement.

Cash-settled futures require the transfer of an amount of cash determined by the difference between the original fixed price of the contract and the floating final settlement price (determined by the published reference price from the PRA).

In the futures markets, a cash settlement refers to a policy where contract holders receive a payout (or debit) for the cash value of their futures contracts upon expiry, rather than receiving delivery of the underlying commodity.