10-Day PA Payouts
Another massive change. Before this new update, Apex Trader Funding required at least 10 days of trading under the belt to request the first payout. After the December update, TraderLifer allows funded traders to request payouts after only ten days of trading. You will also need 10 days between payout requests. This rule change includes existing accounts as well.
2 Payouts Per Month
Payouts are now allowed to be made 2 times per month. And with the 10-day trading time needed in between the payouts, this makes it possible for you to request two payments in a month. Here is how it will work:
You qualify for a PA account
You trade under the PA account for at least 10 days (if you have requested before, you must have 10 days in between requests)
You reach a minimum balance to request a withdrawal
You submit a request
Apex receives the request
Apex reviews the request
Apex approves the request
You receive the payout
The schedule to request payouts is as follows:
You make a request between the 1st and 5th of the month => Payout gets issued on the 15th
You make a request between the 15th and 20th of the month => Payout gets issued on the last day of the month
How can I Request a Payout?
You can submit a request through our website chat. Payouts are processed daily, but may take up to 10 business days to receive.
When a payout is requested and approved, and all appropriate forms are submitted (SWIFT info & KYC documents), we will remove the funds from the trader’s account. TradingLifer will then start the process of sending the funds to the trader. Your Payout arrival will depend on the payment method.
The available payout methods are:
Bank Transfer - International Wire/SWIFT: up to 3-5 business days Bank Transfer
These transfer times are only estimates and may be impacted by additional reviews or requests for information at the discretion of the payment providers or the Finance & Compliance Team. Most payment providers, especially banks, do not process payments on weekends and public holidays.
What is the Profit Split?
Traders will receive 100% of the profits from payouts, up to $10,000. After the first $10,000 of funds have been received by the trader, the profit split will become 90/10, with the trader receiving 90% of payouts and TradingLifer® retaining 10% of the requested payout. The payout policy is per trader and can be across multiple Funded Accounts. You will keep 100% of your profits until your payouts across Funded Accounts cumulatively add up to $10,000. Once your cumulative payouts exceed $10,000, you will be subject to the 90/10 profit split.
Once the payout request is processed, the Maximum Loss Limit will automatically be set to $0 (the trader cannot allow the account balance to reach or go below $0 after a payout).
Once the payout request is processed, the Maximum Loss Limit will automatically be set to $0 (the trader cannot allow the account balance to reach or go below $0 after a payout).
At the time traders submit a withdrawal request, the balance in the account cannot consist of more than 30% of the profit balance being from a single trading day. Except for being unable to withdraw at that time, there is no penalty for having more than 30% profit from a single trading day.
Our mission
We're on a mission to change trading market, Easy funds for better trading helping achieving life goals. Our goal is to upgrade traders in real life full time jobs opportunity in top Hedge funds investments.
50% Rule
TradingLifer will always keep 50% of the profits in platform, It's called a cushion. If the Trader wishes to withdraw full 90% of profits account will be closed.