The option of performance fee on-demand, on Alpha Pro/Swing/One/Three accounts, means that traders can request a payout whenever they desire, provided they fulfil the following requirements:
Adhere to the 40% Best Day Rule
Have a minimum of 2% of gross profits on the account balance
40% Best Day Rule: This rule states that no single trading day should contribute more than 40% of the total generated profits. For example, if you earn $1,000 on a particular trading day, you will be eligible to request a withdrawal only after your account balance exceeds $2,500. This ensures that the $1,000 trading day accounts for less than 40% of the total profits in the account balance. Similarly, if your total profits are $4,000, this means that your best day should be equal to or below $1,600 for you to be eligible to request a withdrawal.
• More Information About the Consistency Score:
· The consistency score is a simple calculation: the net profits generated on your best day are divided by the total net profits on the account
· If the result is 0.40 (or 40%) or more, this means the trader is not complying with the consistency rule. Once the result falls below 0.40, the trader is eligible to request a payout
· Real-life example: You receive your qualified account and generate $1,200 in net profit on day one. You continue trading, but no other day exceeds this $1,200 mark. Once your account balance surpasses $3,000, your consistency score allows you to request your payout, because: 1200 / 3000 = 0.40
· FAQ:
My consistency is “0” – what does this mean?
This means your account is in drawdown. Since the net profit of your best day is being divided by a negative number (i.e., your account is currently at a loss), the result would technically be a negative number. However, we simply normalise the score to show as “0”
My consistency is above “100” – what does this mean?
This means that the net profit generated on your best day is greater than the total profit on the account. You’ll need to increase your total account profits so that the consistency score drops below the 40% threshold
I made a certain amount of profit on one day. How much profit do I need on the account to pass the consistency rule?
To find the required profit amount, simply multiply the net profit of your best trading day by 2.5. This works because 2.5 is the inverse of 40% (1 / 0.40), meaning the result of this calculation represents the minimum total profit your account must reach in order to meet the consistency rule and become eligible for a payout
Payouts bi-weekly are not available for accounts that have chosen the performance fee on-demand method.