Traders can request withdrawals from day one of trading their UProfit 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?
The Safety Net serves to protect you from losing your Live account after an unexpected event or a set of trades in which you are unable to meet your goals.
What is the distribution of profits within the Safety Net?
You can withdraw profits from day 1 of trading a UProfit Live Account.
- Withdrawals of profits within the Safety Net requested from day 1 to day 40 are 50% for the trader.
If you would like to withdraw $1000, prior to day 41, you will receive $500 and UProfit Trader will receive $500.
- Withdrawals of profits within the Safety Net requested from day 41 onwards are 80% for the trader.
From day 41 onwards, if you would like to withdraw $1000, you will receive $800 and UProfit Trader will receive $200.
What is the distribution of profits that exceed the Safety Net?
Withdrawals of profits above the Safety Net can be requested from day 1. 100% of the first $8,000 in profit are for the trader. After withdrawing the first $8,000 in profits, 80% of the profit will always go to the trader.
A trader is on their 45th trading day of their $50,000 account. On this day, their account balance is at $53,960 - which means they have accumulated $3,960 in profit.
The Trader then decides they want to withdraw $3,000 of their profits.
Given that the Safety Net for a $50,000 account is $2,500, this will split their withdrawal 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 withdrawal request, because it will now put the balance inside 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 equals $1,232 for that portion of the withdrawal.
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 account Safety Net = $800
$25,000 account Safety Net = $1,500
$50,000 account Safety Net = $2,500
$75,000 account Safety Net = $3,000
$100,000 account Safety Net = $4,500
$200,000 account Safety Net = $7,500
What is the distribution of earnings if the account has been canceled?
Profits within the Safety Net of a canceled 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 canceled account, from day 41 onwards, will be subject to a 50% profit split.
Profits above the Safety Net of a canceled account will be subject to a 80% profit split for the Trader.
Note: The minimum to send a withdrawal is $100