How can I withdraw my profits?
Definitions:
1. Win Days: A day when the net balance of the account at the close of the Trading Day increased by $200 or more compared to the balance at the start of the day. For Mini accounts, a Win Day is defined as a day when the net balance increased by $50 or more.
Brief Information:
- There are two levels of withdrawal requests:
- Level 1 allows withdrawals up to 50% of the available amount (but not less and not more than the allowed withdrawal limits) and requires 5 Win Days and to meet the Consistency Target rule per request.
- Level 2 allows withdrawals up to 100% of the available amount (but not less and not more than the allowed withdrawal limits). It is unlocked after accumulating 30 Win Days, and requires 5 Win Days and to meet the Consistency Target rule per request thereafter.
- Withdrawal limits
- The minimum withdrawal request amount is $250
- The maximum withdrawal request amount is $5,000.
- On the first withdrawal request, the Max Trailing Drawdown becomes equal to $0 (initial account balance).
Withdrawal Conditions
Minimum Requirements:
Withdrawal limits:
- The minimum withdrawal request amount is $250
- The maximum withdrawal request amount is $5,000
- Starting from the second request on the account, the withdrawal amount cannot exceed twice the profit accumulated after the last completed withdrawal. The minimum and maximum withdrawal limits remain in effect.
There are two levels of withdrawal requests:
Level 1: Up to 50% of the available amount (but not less and not more than the allowed withdrawal limits).
- To qualify for each Level 1 withdrawal request, the Trader needs to accumulate 5 Win Days and meet the Consistency Target rule.
To unlock Level 2 withdrawal requests, the Trader needs to accumulate 30 Win Days. After accumulating 30 Win Days, the Trader can make a Level 2 withdrawal request.
Level 2: Up to 100% of the available amount (but not less and not more than the allowed withdrawal limits).
- Once Level 2 is unlocked, to qualify for each Level 2 withdrawal request, the Trader needs to accumulate 5 Win Days and meet the Consistency Target rule.
Engaging in trades solely to fulfill the Win Day requirement may constitute a violation of prohibited activities and lead to a review of withdrawal eligibility.
During holidays, a Win Day can encompass the results of two calendar days if trading is suspended (Halt), and clearing is done only at the close of the market the following day.
Withdrawal methods:
Transfer to a bank account via SWIFT or SEPA (for IBAN accounts), PayPal. If standard withdrawal methods are not available in your region, the withdrawal will be processed in cryptocurrency.
Account Balance and Closure:
If the remaining balance of the account is less than $100 after a withdrawal request, the account will be closed. To keep the account open after withdrawal, the minimum remaining balance must be at least $100.
Maximum Trailing Drawdown:
If the Maximum Trailing Drawdown is not equal to $0 (the initial balance of the account) and the trader makes the first withdrawal, then the Maximum Trailing Drawdown will become equal to $0 (the initial balance of the Funded session account) and the remaining profit on the account will become the maximum loss limit the trader can incur.
Withdrawal Procedure
First Request: Before sending a request, please ensure that your account has 5 Win Days and has met the Consistency Target rule before submitting a withdrawal request, or else your application will be rejected due to non-fulfillment of the conditions. At the time of withdrawal, the account must also meet the required conditions.
Subsequent Requests: Before submitting a request, please ensure that since the last fulfilled withdrawal request, an additional number of Win Days have been accumulated and the Consistency Target rule has been met. At the time of withdrawal, the account must also meet the required conditions.
Submitting the Request:
To submit a withdrawal request, please use the LMI Trade Report module and click the "Payout Request" button, which appears once the basic withdrawal conditions are met. You will then receive emails with updates on the request status and further instructions. If multiple withdrawal requests are submitted for different accounts, they may be processed sequentially.
Customer support service by UserEcho