Performance fee on-demand means that, on Alpha One accounts, traders can request a payout whenever they desire, provided they fulfill the following requirements:
Adhere to the 50% Daily Consistency Rule
Have a minimum of 2% of gross profits on the account balance
50% Daily Consistency Rule: This rule states that no single trading day should account for more than 50% of the total generated profits.
• Important notice
If your 6% trailing Max Drawdown gets adjusted to the initial balance (in the situation where your account reaches 6% profits), you are advised to leave a profit buffer on your account if you want to continue trading it. In this scenario, If all profits are requested, they will be withdrawn and paid, however, it will result in the closure of the account.
If your account has less than 6% profits (and the 6% trailing Max Drawdown hasn't been adjusted to the initial balance yet), you can request a payout of all profits, but the trailing Max Drawdown will remain unchanged. For example, for a $100.000 account with $2.000 in profits, resulting in a $102.000 balance, the trailing Max Drawdown will be set at $96.000. Should you request a payout of all available profits, you will continue to trade the account with now a $100.000 balance and the same $96.000 trailing Max Drawdown threshold, after receiving the $2.000 payout.
Payouts every 14 days with a minimum amount of $100 gross profits are not available on the Alpha One account.