Payout Process Overview:
Once you’ve earned profits in your Pro Account, you can request a payout. To get started, set up your payout method by logging into your member's area and completing the necessary details under the Pro Account Payout Method section. This setup is essential before you can request a withdrawal.
Withdraw Profits Overview:
Withdrawing profits is simple! Once you've made gains in your Pro Account, head to the withdrawal section in your dashboard. From there, request a payout, and we’ll process it quickly. Day Traders ensures you have full control over your earnings, making it easy to access your hard-earned money.
Minimum Trading Days & Minimum Profit
Minimum Trading days required: 8 trading days
To be eligible for a payout, you will need to have 8 trading days with the minimum following profits correlated with the account size you are trading.
For a trading day to count, a minimum daily profit is required. If you make less than the minimum daily profit, no worries, continue to trade until you have accrued the required minimum trading days and minimum account balance.
Acc Size | Minimum Daily Profit |
25k | $100 |
50k | $200 |
75k | $200 |
100k | $300 |
150k | $300 |
250k | $300 |
300k | $400 |
A trading day runs from 6 PM ET to 5 PM ET the next day. For example, trading at 6 PM ET on Sunday and again on Monday morning would count as one trading day (Monday), not two.
Minimum Account Balance & Maximum Withdrawal Limits
At DayTraders, we are looking for consistent traders to place in live accounts. Thus, we have implemented a system in which if you reach three (3) payouts on a Pro account, you will be moved to a live account. Please see the following table for minimum account balances and maximum withdrawal per account, per request.
Account Size | Minimum Account Balance for Payout Request | Maximum Withdrawal per Request |
25k | $26,600 | $1,000 |
50k | $52,600 | $2,000 |
75k | $77,850 | $2,500 |
100k | $103,100 | $3,000 |
150k | $155,100 | $3,500 |
250k | $256,600 | $4,000 |
300k | $307,600 | $5,000 |
Example: A 50k Pro account is eligible to have three (3) withdrawals of $2000 for a total of $6000. This can be done across 5 accounts.
We have also implemented a maximum withdrawal limit per user of $75,000. Our goal is to fund traders, not keep them in the simulated funded phase. Once you have reached the maximum payout for a Pro account or the user withdrawal limit, our risk team will reach out to you with details regarding the transition to a live funded account.
Taxes:
You will be paid as an independent contractor, and U.S. citizens will receive a 1099-NEC form by January 31 each year. Non-U.S. citizens will not receive tax forms.
Consult a tax professional for any questions regarding taxes, filings, or reporting. Day Traders is not able to provide tax advice.
What Happens if You Blow the Account After a Payout Request?
If you submit a payout request and then blow your account:
If the payout request is still pending, you will not receive the payout, as the account is no longer eligible.
If the payout request is approved before the account is blown, you will still receive the requested payout.
We do not allow payouts on accounts that have intentionally attempted to deceive or misrepresent their information to qualify for the platform.
This detailed guide should help you understand how payouts and withdrawals work within the Day Traders Pro Account system. Ensure you adhere to the requirements to maximize your profits and maintain a healthy trading account!