Withdrawals can be requested at any time as long as traders have met consistency and have at least $100 in profit, subject to the profit split stated in the Trader Agreement.
When a withdrawal is approved, we will also withdraw our share of the gains.
The drawdown does not reset when you request a withdrawal.
Example: You have taken an account from $100,000 to $120,000.
You then request a withdrawal of $16,000, where the profit split is 80/10. In this scenario, you will receive $14,400, and we will retain $1,600.
This would also take the balance of the account down to $104,000, and your Maximum Drawdown will remain $94,000.
So, you would have $10,000 maximum you could lose on the account before it would violate the Maximum Drawdown rule.
If you take a full withdrawal of the gains in your Funded Account, the Maximum Drawdown will remain at $94,000.