The Prime CFD Challenge is where traders purchase a CFD account (e.g., $100,000) and must pass a Challenge to receive their Earning Account. This Challenge involves meeting specific trading criteria to demonstrate skill and profitability. Upon passing the Challenge, traders can continuously trade and withdraw profits without having to reach a set profit target.
Upon passing your Challenge and receiving your Earning Account, you can withdraw any profits generated.
You can request a payout:
- Every 14 days
- If you generate a minimum of 100$ in profit
- And have traded for 5 days (minimum trading days).
Example of Journey:
Leon purchases a $100,000 CFD account, passes the Challenge, and receives his Earning Account. Over the next two weeks, he trades for a total of 8 days and increases his account balance to $104,500. At this point, Leon can request a payout from his Client Area anytime, as he has met the following criteria: it has been 14 days since his first trade, he completed the minimum 5 trading days, and he has generated more than $100 in profit.
After three months, let’s assume Leon has received four payouts totaling $15,000. This makes him eligible for a scale-up, as he has traded on the same account for three months, achieved an overall profit of more than 10%, and received more than two payouts.
At the time of requesting a Payout & Scale-Up from his Client Area, Leon has an account balance of $106,500, in addition to the $15,000 he has already withdrawn in previous payouts. After closing all his positions and requesting a Payout & Scale up, he will receive his 80% share for the full remaining $6,500 in profit, resetting his account to the original $100,000 starting balance. This allows us to provide him with a new account with a scaled balance of $125,000. The drawdown limits on the new account will be adjusted to 10% of the new $125,000 balance, instead of the original $100,000.