Help CenterPayouts on Sim-Funded Accounts 💰
At Halcyon Trader Funding, we aim to offer traders flexibility and transparency when it comes to withdrawing their earnings. Once you've moved to a Sim-Funded Account, you can start requesting payouts based on your trading success. The following payout guidelines are designed to provide clarity and set clear expectations regarding your withdrawal process.
No Profit Target for Withdrawals
One of the key benefits of Sim-Funded Accounts is that traders are not required to meet a specific profit target before being able to request a withdrawal. This means that once you’ve earned profits in your account, you can access them whenever you’re ready, offering more freedom and flexibility compared to other trading programs that impose strict profit thresholds. Your account MUST be above the original starting balance and in profit to request a payout.
Withdrawal Minimum
There is a minimum withdrawal amount of $250. This ensures that withdrawals are worth processing and helps maintain the efficiency of the payout system. Please note that this applies to every withdrawal request you make.
Withdrawal Frequency
Traders can request withdrawals every 10 trading days. This is measured in actual trading days—days when a trade has been opened and closed on the same day. It is important to note that this is not measured in calendar days but in actual days that meet the trading activity requirement.
Profit Share
When it comes to the profits you make on your Sim-Funded Account, you keep 90% of those profits, and Halcyon Trader Funding retains 10%. This profit-sharing structure ensures that traders are highly incentivized to perform well while maintaining a sustainable and profitable relationship for both parties.
Payout Limits
To ensure fairness and maintain a manageable payout system, we implement the following payout limits:
- Payouts 1–4: For the first four payouts, there is a maximum withdrawal limit of $3,000 per payout.
- 5th Payout and Beyond: After the 5th payout, there is no cap on how much you can withdraw. From that point on, you can withdraw as much as you wish, based on the available funds in your account.
Important Disclaimers ⚠️
While Halcyon Trader Funding strives to offer flexibility and a fair payout system, there are a few important details to keep in mind:
No Commissions for Payouts
Halcyon does not charge any commissions on your payouts. However, the payout processor (the third-party service handling your withdrawals) may impose processing fees. These fees will be passed on to the trader, and Halcyon will not cover any costs associated with the payout. Be sure to check with the payout processor for any associated charges.
KYC Requirements
To ensure security and prevent fraudulent activities, we require all traders to undergo KYC (Know Your Customer) verification. This process is mandatory for processing payouts. Traders who cannot complete the KYC verification process (through platforms like Plaid, Riseworks, SumSub or other methods deemed necessary by the company) will not be eligible for payouts.
Final Thoughts
Halcyon Trader Funding is dedicated to offering traders a clear, transparent, and efficient process for accessing their earnings. Understanding the payout rules helps you plan your withdrawals and ensures a smoother trading experience. As you trade and grow your Sim-Funded Account, rest assured that we are here to support you every step of the way. If you have any questions or need further assistance, don’t hesitate to reach out to our support team.