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 and they are treated separately.
The payout cap on each account refers to the total payouts requested on that account, not just the profits earned.
Once the cap is reached, the account will enter review by our trading team.
In some cases, accounts may be transitioned to live infrastructure before the payout cap is reached, at the team’s discretion.
To be considered for transition, the account must be active at the time of review.
After Review:
The Trading team will determine if your account qualifies to move into a live trading environment.
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.
If the account doesn’t qualify for transition to a live funded account and that account is closed, it will not impact any other Sim Funded accounts traders may have by passing the evaluation phase.
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.