GFN is unique in the evaluation services space in that GFN allows you to make your first withdrawal on demand!
This means you can request a withdrawal of profits at any time in your trader dashboard, although no more frequently than once every thirty (30) days.
So, if you make profits on day one in your GFN simulated Funded Account you can request a withdrawal! Alternatively, if you want to leave profits in the account and let them compound to scale your account you have the flexibility to do so.
When you are ready to withdraw your earnings, simply click the Withdraw Profits button in your trader dashboard and enter the amount to withdraw. Payouts are typically processed within 48 to 72 business hours.
Please note that we process withdrawals via Rise. Your funds will be deposited into your Rise account, allowing you to withdraw the money using your preferred method - either Wire transfer to your bank account or Crypto, as you wish.
Ensure that the name associated with your Get Funded Now Challenge Account matches the name associated with your Rise account when making a payout request.
Also, at Get Funded Now, please note that we have a first two first payout limit policy for traders. Regarding the first two payout requests, any trader is allowed to withdraw up to $10,000.
The reason for this limitation is to take into consideration that often, the time elapsed from the beginning of a trading challenge to the payouts request may not be sufficient to thoroughly evaluate a trader's performance, risk approach, and trading strategy. By initially limiting the payout amount, we aim to provide traders with ample time to demonstrate their capabilities and to allow for a comprehensive assessment of their trading activities.
It is important to note that this policy only applies to the first two payout requests. Subsequent payout requests will not be subject to this limitation, and traders will be allowed to withdraw any amount from their account. However, any profits exceeding the $10,000 limit at the time of the first two payouts request will be deducted from the account balance and not available for next withdrawals.
Effect of a withdrawal:
When a withdrawal is approved, GFN will also withdraw its share of the earnings. The balance in your dashboard will of course reflect the withdrawal. Once the first withdrawal is made in a GFN simulated Funded Account, the Max Drawdown expires and your Max Drawdown will lock in at your starting balance. This encourages traders to adopt a long-term mindset and compound their accounts to achieve larger-sized payouts.
Example: You have taken an account from $100,000 to $110,000. Let us assume your account had a 90% profit share add-on. You request a withdrawal of $5,000. In this scenario, we would pay you $4,500 (90%) and we would retain $500 (10%). This would also take the balance of the account down to $105,000, and your Max Drawdown is now locked in at $100,000. So you would have $5,000 breathing room at that stage before violating the Max Drawdown Rule. The good news is the $5,000 would grow again as you made more earnings as the $100,000 would be fixed at this stage and no longer follow you up.
Your Daily Loss Limit, will continue to calculate daily at 5pm EST.