The Sim Live payout policy is designed to reward traders for consistent performance while ensuring fair account management. Below are the key details:
Payout Caps (per account size):
$15,000 Sim Live → $3,000 cap
$30,000 Sim Live → $6,000 cap
$60,000 Sim Live → $12,000 cap
$80,000 Sim Live → $15,000 cap
Payout Split:
Traders receive 90% of profits, while 10% goes to FXIFY Futures.
Minimum Withdrawal Requirement:
You must withdraw at least 3% of the account balance.
For example:
On a $15,000 account, the minimum withdrawal is $450.
On a $30,000 account, the minimum withdrawal is $900.
Frequency of Payouts:
Payouts can be requested once every 14 calendar days, provided all trading rules and parameters are followed including the 20% consistency rule.
Maximum Payouts per Account:
Each account has a payout cap (as shown above).
Once the cap is reached, the account will enter review by our trading team.
After Review:
If all rules and parameters are met, the account may be upgraded to a Live Trading Account.
If the account does not qualify for the transition to live, the account will be closed and a 30-day waiting period will apply before you can repurchase a new Sim Live account.
Example 1 - $15,000 Sim Live Account
You grow your account to $18,000, making a $3,000 profit.
You request a payout of $2,000 (more than the $450 minimum).
You receive $1,800 (90%) and FXIFY Futures keeps $200 (10%).
You then withdraw the remaining $1,000 profit. At this point, you’ve reached the $3,000 payout cap and the account enters review
Example 2 – $30,000 Sim Live Account
You generate $7,500 in profit.
Since the payout cap is $6,000, you can only withdraw up to that limit.
After that, your account is reviewed and, if successful, you’re transitioned to Live trading.