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How Do I Withdraw My Profits?
How Do I Withdraw My Profits?
Branden Abushanab avatar
Written by Branden Abushanab
Updated over a week ago

The Virtual Profit Split on the Smart Prop Trader Account is done on a monthly basis by default, with the option for traders to request their first payout after a period of 4 calendar weeks after the first placed trade on the account, and after a period of 2 calendar weeks after the first placed trade on the account for all subsequent payout requests (e.g., payout request #2, #3, and so on). All funded accounts must trade for at least 7 days prior to requesting a payout. Please note that all open traders should be closed out to request a payout.

It's important to note that any payouts are subjected to an internal review process to determine the legitimacy of the trader's behaviors on the platform and also to confirm that the trader's account name and email account all match the name associated with the completed KYC documentation. Failure to provide a matching account name and email account address (via Rise) that corresponds with completed KYC documentation will result in a trader's account being canceled, the payout request being denied, and a ban of the trader from future use of Smart Prop Trader's services.

Please note that this means that traders cannot utilize business or corporate Wise or Rise accounts for payouts as the KYC documentation will not match the account credentials connected to the payment platform. That is, traders must setup a personal Wise or Rise account for any payout requests, and they must ensure that their KYC documentation and account details on their Rise accounts also matches the account information tied to their Smart Prop Trader account.

Payouts are processed within 24 hours upon confirming the invoice. You can receive your profits by creating an account on Rise. Whatever amount of profit you generate, that’s what we split by 75/25.

Please note that if you breach your funded account and there is still profit remaining, that profit is no longer payable as the account is breached and shut down. Also, please note that you must have a minimum profit of $100 to request a payout, and the $100 profit must be calculated after the 75/25 profit split. That is, you must have at least $134 in your account prior to the profit split calculation in order to withdraw $100.

Lastly, upon successfully receiving $10,000 in payouts or more, Smart Prop Trader requires that all traders conduct a trader feedback-session with our internal staff.

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