When can I request a payout?

When you can get a payout depends on your account type, its profit target, minimum trading days, your KYC (identity check) and the payout schedule.

General requirements

• Reach the withdrawal target, the profit you need before a payout (8% on Venom 2.0, 5% on King Cobra).
• Meet your account's minimum trading-day rule (Venom 2.0 and King Cobra have none. King Cobra needs 4 profitable days of at least +1% before the first payout, then 3 of at least +0.5% before each payout after that).
• On Venom 2.0 every trade must have a stop loss. If a trade has none, the payout is rejected and the account is closed.
• Complete KYC before your first approved payout.
• Request at least the minimum payout: $10 on Venom 2.0 and King Cobra (or the most your account can pay out, if that is lower).
• Keep the account active and follow all trading rules.

Payout schedules

• Venom 2.0 ($1,250 to $100,000): any day you meet the requirements, one request a day. Venom 2.0 lasts 40 days, so request your payouts before it ends.
• King Cobra ($500 to $50,000): your first payout after 4 profitable days of +1%, then a payout after every 3 profitable days of +0.5%. So the fastest is about one payout every 3 trading days. King Cobra has no end date.

After you request a payout, we process it within 24 to 48 hours. If you request on Friday night, Saturday or Sunday, it is often processed on Monday.

Payout cap

Each payout can take up to 3% of the account size from your balance. On Venom 2.0 you receive 80% of that amount (90% on King Cobra). For example, on a $5,000 account up to $150 is taken from your balance and $120 goes to your wallet. Before each new request your account must be back at the 8% target on Venom 2.0 (5% on King Cobra). A payout lowers your balance, so you earn that amount back first. You also need at least 1% new profit since your last payout. See Venom 2.0 and King Cobra for the full tables and examples.

Profit splits

Your profit split is your share of the amount taken from your balance.

• Venom 2.0: 80% from your first payout.
• King Cobra: 90% from your first payout.
• On both, the first time one trade reaches the 1% Max Risk Per Trade, your split drops to 30% for good.

The Max Profit Per Trade rule is separate from the profit split. It does not lower your split.

Your account page shows your rules.