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Prop Firm Payouts: How to Get Paid Fast

Everything you need to know about prop firm payouts. Learn about schedules, methods, fees, and how to ensure you get paid quickly.

PropFirm Scanner
December 18, 2024
6 min read
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Table of Contents

  • 01Typical Payout Process
  • 02Payout Schedules by Firm
  • 03Payment Methods
  • 04How to Avoid Payout Delays
  • 05Red Flags in Payouts
  • 06Tax Considerations

You passed the challenge, you're funded, you're making profits. Now the important question: how do you actually get paid?

Typical Payout Process

  1. Request payout through your trader dashboard
  2. Verification - Firm reviews trades for rule compliance
  3. Processing - 1-5 business days typically
  4. Payment sent via your chosen method

Payout Schedules by Firm

  • FTMO: Bi-weekly (every 14 days)
  • The5ers: On-demand (after first 30 days)
  • Funded Next: Weekly possible
  • E8 Funding: Bi-weekly
  • MyFundedFX: Bi-weekly, on-demand available

Payment Methods

  • Bank Wire: 3-5 days, may have fees, best for large amounts
  • Crypto (BTC, USDT): Same day, low fees, increasingly popular
  • PayPal: Fast but fees can be high
  • Payoneer: Good international option
  • Wise (TransferWise): Low fees, good rates

💡 Fastest Payout Option

Crypto payouts are typically processed same-day and have the lowest fees. If you're comfortable with crypto, it's often the best choice.

How to Avoid Payout Delays

  1. Complete verification early: Submit ID and proof of address before first payout
  2. Follow all rules: Any rule violations will trigger review
  3. Don't request during weekends: Requests on Friday may wait until Monday
  4. Keep trading history clean: Suspicious patterns cause delays

Red Flags in Payouts

Be cautious if you experience:

  • ❌ Repeated delays beyond stated timeframes
  • ❌ Requests for additional information after approval
  • ❌ Changing payout terms after you're funded
  • ❌ Others reporting non-payment on forums

Tax Considerations

Remember:

  • Prop firm profits are taxable income in most countries
  • Keep records of all payouts
  • Consult a tax professional familiar with trading income
  • Some countries have specific rules for prop trading income
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