Introduction
Understanding the performance reward process is crucial for traders working with ETX Funding. This article provides detailed answers to frequently asked questions regarding withdrawals, performance reward conditions, and procedures, ensuring clarity and transparency for all traders.
When do performance rewards get processed?
Withdrawals at ETX Funding are processed Monday through Friday, from 9 AM to 5 PM Eastern Time. Requests made over the weekend or after 5 PM (Monday to Thursday) are processed on the next business day.
When will I receive my performance reward from the funded account?
For funded accounts, after completing a minimum of 4 trading days, you can request the initial withdrawal from your simulated funded account 30 days after the first trade. Please note, if you purchased the Bi-weekly performance rewards add-on, your account is eligible to request the initial withdrawal 14 days after the first trade. Subsequent withdrawal requests can be made every 14 days thereafter. To initiate a withdrawal, log in to your TraderHQ and submit the request through the performance rewards Tab on the Top Menu Bar. Also, note, if you purchase the no minimum trading days add on, you do not need to meet the standard minimum day requirement.
What is the maximum Allocation?
Traders can manage multiple accounts simultaneously, with options ranging from $5,000 to $300,000 per account with a combined max allocation of $600,000.
What are the performance reward request limits?
Under our FairPlay Performance Reward Policy here's how performance rewards work:
Upfront Clarity: No hidden surprises. We clearly define the thresholds for each performance reward, so you know exactly what to expect.
First Performance Reward, No Guesswork: Request up to $20,000 in simulated gains on your first performance reward, confidently and hassle-free.
Increasing Limits: Your trust grows with us! Request up to $30,000 and $40,000 in simulated gains on your second and third performance rewards, respectively.
Unlimited Potential: After the third performance reward, there are no limits, providing you with boundless potential.
Is there a minimum gains amount to qualify for a performance reward Bonus?
Yes, traders qualify for a performance reward Bonus only if they achieve specific gains based on the account size.
$5k Account: Achieve $500 in gains.
$10k Account: Achieve $1000 in gains.
$25k Account: Achieve $2000 in gains
$50k Account: Achieve $3,000 in gains
$100k Account: Achieve $5000 in gains.
$200k Account: Achieve $10,000 In gains
$300k Account: Achieve $15,000 in gains.
What are the performance reward options?
ETX Funding offers various withdrawal options, including Cryptocurrency (BTC, USDC), Rise (recommended for non-U.S. clients for secure bank and cryptocurrency transactions)
How long do performance reward take to process?
Solo Campaign: up to 3 business Days
Multi Campaign: up to 3 Business Days
Live Action Mode: up to 2 business days
After a performance reward is approved, it can take up to 48 hours to receive your performance reward.
Why is your performance reward delayed?
Our team may review performance rewards to confirm that trading actions adhere to our terms. We will keep traders informed if such a review is necessary. Our aim is to promote a supportive trading environment, mindful of the fact that some may try to bend the rules for personal benefit. It's crucial for traders to understand our relationship is two-way. We seek traders eager for shared success
How are we ensuring the security of withdrawals?
Withdrawal security is managed by our finance team, which specializes in forecasting liquidity needs and ensuring readiness for financial commitments. This diligent management safeguards the withdrawal process.
Are add-ons included in first performance reward bonuses?
Add-ons are not included in the first performance reward bonus.
Do i receive a Bonus or "refund" on my first performance reward?
All Campaigns qualify for a 100% Registration fee Bonus added to their first performance reward. A trader qualifies for a performance reward and Bonus only if they have made:
$5k Account: Achieve $100 in gains.
$10k Account: Achieve $250 in gains.
$25k Account: Achieve $500 in gains
$50k Account: Achieve $1,000 in gains
$100k Account: Achieve $1500 in gains.
$200k Account: Achieve $2,000 In gains
$300k Account: Achieve $3,000 in gains.
Conclusion
The performance reward process at ETX Funding is comprehensive, catering to various needs and preferences. By offering multiple withdrawal options and ensuring the security of transactions, ETX Funding demonstrates its commitment to a trader-friendly environment. Understanding the nuances of these processes enables traders to navigate performance rewards and withdrawals with confidence.