SurgeTraders can request a withdrawal of gains at any time in their trader dashboard, but no more frequently than once per thirty (30) days. So, if you make gains on day one in your virtually funded account, you can request a withdrawal. Additionally, if you want to leave gains in the account and let them compound to increase your account, you have the flexibility to do so
When you are ready to withdraw your gains, simply click the Payouts link on the left menu bar, and then Request Withdrawal in your trader dashboard and enter the amount to withdraw.
For 1 Phase Funded Accounts Only:
When a withdrawal is approved, SurgeTrader will also withdraw its share of the gains, and your virtual max trailing drawdown will lock in at your starting balance. Your Daily Loss Limit, however, will continue to calculate daily at 5pm EST, and you should refresh your dashboard to see the reflected change. If you do not refresh your dashboard, it will refresh every few minutes
Example: You have taken an account from $100,000 in virtual funds to $120,000. Your account had a 75% share of gains. You then request a withdrawal of $14,000. In this scenario, we would pay you $10,500 (75%) and we would retain $3,500 (25%). This would also take the balance of the account down to $106,000, and your virtual max trailing drawdown will now be locked in at $100,000. So, you would have a $6,000 maximum you could lose on the account before it would violate the virtual maximum trailing drawdown rule.
For 2 Phase Funded Accounts Only:
When a withdrawal is approved, SurgeTrader will also withdraw its share of the gains, and your virtual max fixed drawdown will lock in at your starting balance. Your Daily Loss Limit, however, will continue to calculate daily at 5pm EST, and you should refresh your dashboard to see the reflected change. If you do not refresh your dashboard, it will refresh every few minutes.
Example: You have taken an account from $100,000 in virtual funds to $120,000. Your account had a 75% share of gains. You then request a withdrawal of $14,000. In this scenario, we would pay you $10,500 (75%) and we would retain $3,500 (25%). This would also take the balance of the account down to $106,000, and your virtual max fixed drawdown will now be locked in at $100,000. So, you would have a $6,000 maximum you could lose on the account before it would violate the virtual maximum fixed drawdown rule.
For Lightning Round Funded Accounts Only:
When a withdrawal is approved, SurgeTrader will also withdraw its share of the gains and your virtual max trailing drawdown will lock in at your starting balance. Your Daily Loss Limit, however, will continue to calculate daily at 5pm EST and you will want to refresh your dashboard to see the reflected change. If you do not refresh your dashboard, it will refresh every few minutes.
Example: You have taken a Lightning Round account from $100,000 to $120,000. Your account had a 75% share of gains. You then request a withdrawal of $14,000. In this scenario, we would pay you $10,500 (75%) and we would retain $3,500 (25%). This would also take the balance of the account down to $106,000, and your virtual max trailing drawdown is locked in at $100,000. So, you would have a $6,000 maximum you could lose on the account before it would violate the virtual maximum trailing drawdown rule.