Funded Accounts are similar to "Prop Trading Accounts" but involve real money instead of demo funds. Here's how they work:
• Initial Balance: When you open a Funded Account, you receive a set multiple of your initial balance based on the account type you requested.
• Withdrawal of Profits: You can withdraw all profits instantly, 24 hours a day, 7 days a week.
• Withdrawal of Initial Capital: The initial deposit or whatever remains of it can be withdrawn 30 days after the first trade is entered into the market, whether you are in profit or loss. Remember that the 10% drawdown limit is fixed and does not change; furthermore, if you withdraw your Initial Balance or whatever remains of it after the established time period, the account will be immediately closed. Please note that if you perform an UPGRADE, the days for withdrawing the Initial Balance or whatever remains of the Initial Balance will reset.
• Drawdown Rule: Always remember not to exceed the 10% drawdown limit on Leveraged Accounts (Equity or Floating). This limit is calculated based on the account’s initial balance.