Yes, Simulated Funded Nitro X has a payout cap of $5,000 per account per payout request. You can request 50% of your profits, up to the $5,000 cap, once you meet the trading criteria.
The remaining profits (the other 50%, or what’s left after the cap) become your Maximum Loss Limit, ensuring your account doesn’t fall below this threshold to avoid a breach.
Examples:
$50,000 Account: You earn $12,000 in profits and meet all criteria. You can withdraw 50% ($6,000), but the cap limits you to $5,000, leaving $7,000 as your Maximum Loss Limit. Your account cannot drop below $7,000 in drawdown, or it will breach.
$100,000 Account: You gain $10,000 in profits and meet all criteria. You can withdraw 50% ($5,000), which is at the cap, leaving the remaining $5,000 as your Maximum Loss Limit. Your account must stay above $5,000 in drawdown to avoid a breach.
$150,000 Account: You make $5,000 in profits after meet all criteria. You withdraw 50% ($2,500, below the cap), leaving $2,500 as your Maximum Loss Limit. Your account cannot fall below $2,500 in drawdown without breaching.