2023-12-12
Your first withdrawal can be requested at any time. Thereafter, you can request a withdrawal of the gains in your account every 30 days. When a withdrawal is approved, we will also withdraw our share of the gains, and your max trailing drawdown will lock in at your starting balance. The trailing drawdown does not reset when you request a withdrawal.
Let’s Break Down a Withdrawal with a Simple Example:
Imagine you’ve worked magic and boosted an account from $100,000 to $120,000 Now, you want to cash out $16,000. Here’s how it goes:
You’ll get $12,000 to pocket and enjoy!
We’ll keep $4,000 (that’s just our part of the deal).
After this, your account will have $104,000 left. But here’s one thing to remember: there’s a safety rule called the “Maximum Trailing Drawdown”, and it’s set at $100,000 for this account. This means, after your withdrawal, you can risk up to $4,000. If losses go beyond that, we’ll have to step in due to that safety rule.
And a little heads-up: If you decide to withdraw all your profits, the safety rule still stays put at that starting balance. So, withdrawing everything can put your account in a tricky spot and might mean saying goodbye to it.
Another Example on Withdrawing Profits:
Say you grew your account from $100,000 to $120,000. Awesome job!
Now, you decide to take out $16,000:
You get $12,000.
We keep $4,000. (That’s our share!)
After this, your account drops to $104,000. Remember, there’s a safety limit set at $100,000. This means you should be cautious not to lose more than $4,000 or it could mean trouble for your account.
Also, a tip: If you take out all your extra earnings, the safety limit doesn’t change. So, be smart with how much you withdraw!
Titain Forex Funds is an affiliate of Prop Account, LLC. All funding assessments are provided by Prop Account, LLC and all assessment fees are paid to Prop Account, LLC. If you qualify for a Funded Account, you will be required to enter into a Trader Agreement with Prop Account LC. Neither Prop Account, LLC nor Prop Account LC provides any trading education or other services. All such services are provided by Titan Forex Funds