Payouts and T&C’s
You’re here to make money we get it, but before you sign up and start making money, make sure you understand how our Payout Process works & understand our ‘Terms & Conditions‘.
Read and understand the Payout Information below. If for some reason it doesn’t make sense or you are uncertain about something, please contact our team and they’ll be more than happy to fully explain the Payout Process to you.
Be sure to read all the ‘Trading Terms & Conditions‘ as well as the General Terms & Conditions of our website at the bottom of this page.
Payout Information
Once you have your live funded account you have total control of when you receive payouts. Be sure to read all the components below as payouts can have various impacts on your trading account. If your question is not answered below, please be sure to reach out to our team and they’ll be happy to explain them to you.
When traders withdraw money from their account, the amount withdrawn will be split between T4T and the trader according to the profit share schedule.
First Payout request (up to 5% PROFIT) = 100% to the Trader
Second Payout request = 80% to the Trader
Traders will receive 100% of their first payout request up to 5% of their profits. After the first payout of funds have been received by the trader, the profit split will become 80/20, with the trader receiving 80% of payouts and T4TCapital retaining 20% of the requested payout.
If you request a payout before your Trailing Maximum Loss Limit (TMLL) reaches your starting balance, your TMLL will automatically be set to the starting balance with a payout.
Once the payout request is processed, the TMLL will be automatically set to the starting account balance. The trader cannot allow the account balance to reach or go below their starting balance after a payout or the account will be closed.
To be clear, this is per trader. If you make your first payout request and then lose your Live Funded Account, your next Live Funded Account payout will be 80/20 when you start back up again. You do not get the opportunity to make 100% of the first 5% of profits again!
When traders withdraw money from their account, the amount withdrawn will be split between T4T and the trader according to the profit share schedule.
It is calculated as follows:
First Payout request (up to 5% PROFIT) = 100% to the Trader
Second Payout request = 80% to the Trader
To be clear, this is per trader. If you make your first payout request and then lose your Live Funded Account, your next Live Funded Account payout will be 80/20 when you start back up again. You do not get the opportunity to make 100% of the first 5% of profits again!
An extremely important part of trading is rewarding yourself. It not only puts valuable cash in your pocket but the real value I believe is ‘it gives worth’ to your endeavours. It makes you appreciate your efforts and how valuable an income stream trading can become. The rewarding process will also help you realise that every trade is important and that overall will improve both your trade selection and trading process. The trick is knowing when to do it!
All you really need to think about is: how much drawdown do you need to stay in the game? The answer will be unique for each trader depending on their risk appetite and ability to manage a drawdown.
An easy way to work it out I believe is like this: the initial assessment has a 5% drawdown. Did that drawdown limit feel comfortable or uncomfortable? Once you work out the percentage drawdown you need/would like then simply set yourself some targets above that level.
Bear in mind, if you request a payout before your trailing MLL reaches your starting balance, you’re trailing MLL will automatically be set to the starting balance with a payout. That means if you request all your profits paid out then the account will be closed. So, you need to leave some cash in the account to continue trading. To give you a fighting chance to continue making money I believe 5% would the minimum you should leave in the account.
The trader can decide when and how much of their profits they’d like withdrawn each month or if they’d like to roll them over to the next month.
You can request a payout at any time using this invoice form. When a payout is requested and approved, we will immediately remove the funds from the trader's account. We will then prepare to send the funds to the trader via their requested method on the 1st business day of the next month.
We can process payout using the following methods:
- Bank Wire: The standard wire is the quickest and most efficient method available to make payouts. Traders must submit their bank information using the SWIFT format to ensure a successful transfer of funds. The bank account must be in the trader's name. If you’ve signed up for assessment with a ‘dodgy email/name’ then this could be a problem for you!
- Cryptocurrency: if you paid us in Crypto’s, we’ll pay you back in Cryptos.
We are unable to process payouts via PayPal.
The 1st of the month is payday!
Payouts are processed on the 1st business day of each month. So, bearing this in mind it’s wise to make the payout request at least a week before the end of the month to make sure you receive the cash on time otherwise it can take an extra three (3) to five (5) business days to receive the cash. International payments may take a few extra days depending on your bank.
Your maximum position size is taken from your trading account balance. So, if you withdraw cash from your account, you will inadvertently be lowering your maximum open risk available.
More importantly though, if you request a payout before your trailing MLL reaches your starting balance, you’re trailing MLL will automatically be set to the starting balance with a payout. That means if you request all your profits paid out then the account will be closed. So, you need to leave some cash in the account to continue trading.
If your funded account is inactive for longer than 6 months, we will close the account and you will get 80% of the profits made.
Example 1: First Live Funded Account
A trader with their first $100,000 funded account makes $20,000 profit, taking their account balance to $120,000.
They request a withdrawal of $15,000.
The $15,000 is withdrawn from their trading account and distributed according to the Profit Share.
The trader gets:
100% of the first 5% profits ($5,000) = $5,000
80% of the profits above 5% ($10,000) = $8,000
Total = $13,000
Their trading account is reduced to $105,000 and they can continue trading with their Maximum Loss limit still at $100,000, their starting balance.
Example 2: Second Live Funded Account
A trader with their second $100,000 funded account makes $40,000 profit, taking their account balance to $140,000.
They request a withdrawal of $30,000.
The $30,000 is withdrawn from their trading account and distributed according to the Profit Share.
The trader gets:
80% of the profits ($30,000) = $24,000
Total = $24,000
Their trading account is reduced to $110,000 and they can continue trading with their Maximum Loss limit still at $100,000, their starting balance.
Example 3: The Impact of an Early Payout Request
A trader starts with a $100,000 account and makes $3,000, taking their account balance to $103,000.
They request a $1,000 payout.
The trader gets:
100% of the payout request up to 5% of profits ($1,000) = $1,000
Their trading account is reduced to $102,000 and they can continue trading with their Maximum Loss limit raised to $100,000, their starting balance.
Any future payout requests will be split 80/20 in favour of the trader.
Trading Terms & Conditions
You can have as many active assessment accounts as you like but there is a catch. Every additional assessment account that you purchase will cost you 2X the initial entry fee. If you want to purchase multiple assessment accounts, contact our support team and they will issue you the payment links.
Explanation: If you sign up for 1 x 100K assessment the price is $500. If you want to have an additional 100K assessment account at the same time, then the cost of the second account will be $1,000. If you breach the limits on these two accounts, then the normal reset fee would apply to both accounts. So, the extra cost is only on the initial start of the assessment.
If you want to have 3 x 100K assessment accounts at the same time then it will cost: 1 x $500, 1 x $1,000, 1 x $2,000 = Total $3,500.
If you want to have 3 x different size assessment accounts, the 2X fee will apply to the larger accounts. 1 x 25K = $125, 1 x 50K = $500, 1 x 100K = $1,000 (Total $1,625)
READ CAREFULLY:
Offering to pay the extra fees after you have started or passed the assessment will not be accepted.
We reserve the right to cancel assessment accounts and/or withhold funding on accounts that pass the assessment if a trader is found to have not paid the extra fees.
We will be checking ‘trade copiers’ copying trading across multiple assessment accounts as well as traders sign up IP’s. If a trader is found to have signed up to multiple assessment accounts via the one IP address, then those accounts will be forfeited & the fees will not be refunded.
Note for Payouts: The bank account must be in the trader’s name. If you’ve signed up for assessment with a ‘dodgy email/name’ then this could be a problem for you!
You may use any strategy and EAs or Bots for your trading, however you are responsible the operation of those EAs to make sure they do not break any Trading Rules and Accounts Limits.
You may use trade copiers to copy your trades from our trading accounts to your own personal trading account.
We do not provide a facility to buy Practical Assessments for friends or family. You may not transfer your account to anyone else or divulge your password. If you buy a Practical Assessment you must trade the account yourself.
Yes, you can sign up again, but it will cost you 2X (double) the initial entry fee plus you will not be eligible for the 100% of the first 5% profits.
After you have read and understood this FAQ – Please contact Support (bottom right) and we can help you sign up again with the increased fee.
You cannot simply reset the previous assessment account you hit the profit target with or reset the live account you just breached the limits on.
You can’t simply change the account size and pay a smaller fee. Once you fail a live account the double fee goes for all accounts regardless of what account you breached the limits on.
If you breach the limits on this New Assessment Account, the reset fee is the same as normal.
If you pass the assessment again & we discover that you have avoided paying the ‘double fee’ we will cancel or deny access to the Live Account. It’s not a simple case of paying the extra fee once you’ve passed! Telling us that you didn’t know about the extra fee will also not be acceptable.
If you pass the assessment again and you then breach the limits on your second Live Account, you can of course sign up again to the assessment, but the fee will be 4X (four times) the initial fee.
This doubling process continues every time you sign up for the Assessment after breaching limits on a Live Account (2X, 4X, 8X, 16X).
You may trade as a company. You must appoint a single trader who is responsible for the trading account.
The trading accounts forex leverage is set at 10:1 leverage based on your account size. But the maximum trade size varies significantly from asset class to asset class. The maximum trade size is controlled by the ‘Maximum Open Risk’ available.
Maximum Open Risk on 1 Trade must not exceed 2% of your account balance & Total Open Risk at any one time must not exceed 3%.
If you enter a position with risk greater than the limits available your position will be automatically closed out.
General Terms & Conditions
You may view the general terms and conditions for trading and website use here. We have highlighted some key features below.
No quibble Refund Policy
If you order and have successfully paid for a Practical Assessment and for whatever reason you wish to have a refund and you have not traded the Practical Assessment, we will refund you you immediately and your Practical Assessment trading account will be cancelled.
If you have traded the Practical Assessment Account then you will be deemed to have used the service and no refund is available.