Withdraws processing time in less than 24 hours.
The withdraws system works 24 hours a day, 7 days a week. All of our traders can withdraws their funds at any time, even at night, on weekends or holidays.
Withdraws methods include: Paypal, bank wire, ACH, international wire transfer, cryptos (USDC o USDT), Visa and Mastercard.
How do withdraws work with the UProfit Live Account?
Funds withdrawal comprises 2 stages:
1. The withdrawal request. You must send a withdrawal request to firstname.lastname@example.org
2. The request execution at market close (16.10 EST). Money will be deducted from your account and your payment will be sent within the next 24 hours.
How does profit sharing work with the UProfit Live Account?
Traders can request withdrawals from day one of trading their live account. Withdrawals will not affect the account Drawdown. When choosing to withdraw, the account will remain at the current value of the account prior to requesting the withdrawal.
What is the Safety Net or Safety Zone?
A financial safety net is meant to protect you from losing your Live Account security or derailing your long-term financial goals because of some unexpected Trading event like a losing streak.
What are the distributions of profits within the Safety Net or Safety Zone?
Profits can be withdrawn from day 1 of trading a Live Account.
The withdraws requested by the Trader that affect the profits within the Safety Net, from day 1 to day 40*, will be subject to a 50% profit split.
Withdrawals requested by the Trader that affect the earnings within the Safety Net, from day 41* onwards, will be subject to a 80% profit split for the trader.
Withdrawals above the Safety Net from day 1 are 100% for the Trader up to $8,000 in Withdraws.
Prior to day 41, if you would like to withdraw $1000, you will receive $500 and UProfit Trader will receive $500.
Withdrawals requested by the Trader that affect earnings within the Safety Net from day 41 and onwards will mean that 80% will go to the Trader and the other 20% will go to UProfit Trader.
From day 41 and following, if you would like to withdraw $1000, you will receive $800 and UProfit Trader will receive $200.
****Any withdrawals request above the Safety Net from day 1 are 100% for the Trader until the Trader reaches $8,000 in Withdrawals.****
What are the distributions of profits that exceed the Safety Net?
Traders can request withdraws from day one trading their live account.
Traders will receive 100% of the first $8,000 in profit. After withdrawing the first $8,000 in profit, the trader will continue on receiving 80% profit split.
A Trader is on their 45th trading day of their $50,000 account. On this day, their account balance is at of $53,960- which means they have accumulated $3,960 in profit.
The Trader then decides they want to withdraw $3,000 of their profits.
Being that the Safety Net for a $50,000 account is $2,500, this will split their withdraw into two parts.
The trader will receive 100% of $1,460. This number is the remainder after the $2500 safety net is exceeded (3960-2500=1460).
To fulfill the rest of the withdraw request, (because it will now put the balance inside of the Safety Net) instead of receiving the full 100% of the request, the trader will receive 80% of the remaining balance request, $1,540 (3000-1460=1540), which will equal $1,232 for that portion of the withdraw.
Your account will then have a balance of $ 50,960, and after the breakdown of percentages, the trader will receive $2,692 in their bank transfer.
The $8,000 bonus applies to all accounts where the first and subsequent withdrawals are made on top of the Safety Net up to $8,000 in cumulative withdrawals.
How much is the Safety Net for each account?
$ 9,000 Safety Net Account = $800
$25,000 Safety Net account = $1,500
$50,000 Safety Net account = $2,500
$75,000 Safety Net account = $3,000
$100,000 Safety Net account = $4,500
What happens if I break a risk management rule?
If you happen to violate a risk management rule the account will be immediately withdrawn. The trader will then need to demonstrate, through a new assessment, that they have the ability to properly manage the rules.
What is the distribution of earnings if the account has been withdrawn?
Profits within the Safety Net of a withdrawn account, from day 1 to day 40, will be subject to a 20% profit split for the Trader.
Profits within the Safety Net of a withdrawn account, from day 41 onwards, will be subject to a 50% profit split
Profits above the Safety Net of a withdrawn account will be subject to a 80% profit split for the Trader.