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Upon completing MyFundedFutures’ Evaluation Challenge, traders are awarded a Funded Account. They may request withdrawals based on MyFundedFutures’ policies and retain a significant portion of their earnings.
MFFU’s payout policy enables traders to keep 100% of the first $10,000 of profits above their withdrawal threshold, and thereafter, they receive 90% of the net profits. Withdrawals can be requested bi-weekly without any restrictions on the number of trading or profit days required, though the minimum withdrawal amount is set at $1,000.
The procedure for requesting a payout at MyFundedFutures is straightforward. Traders need to submit their withdrawal requests through the dashboard. For accounts undergoing the buffer zone phase, the specifics of withdrawals differ slightly, adhering to the conditions of the buffer zone. Withdrawal requests are processed from Monday to Friday, with a cut-off time at 3:00 PM CT, and typically take 1-3 business days to reflect in the trader’s account.
Withdrawals at MyFundedFutures are processed via RISE and Crypto, depending on the trader’s choice. To avoid delays, traders must have completed their KYC verification and provide accurate banking or crypto details.
This article outlines MFFU’s withdrawal and payout policies, focusing on the flexibility of withdrawal terms, processing schedules, taxes, and the necessary steps for a successful payout request.
What is the MyFundedFutures payout policy?
MyFundedFutures’ payout policy allows traders to retain 100% of the first $10,000 of profits above their withdrawal threshold and 90% of additional profits, offering bi-weekly withdrawal opportunities with a $1,000 minimum. Below are the key details of the MFFU payout and withdrawal policy:
- Profit Distribution: Traders keep the initial $10,000 of profits in full and 90% of any profits thereafter, without restrictions on the amount withdrawn after reaching the payout threshold.
- Withdrawal Frequency: Withdrawals can be requested every 14 days without a minimum number of trading or profit days required, emphasizing flexibility for traders.
- Minimum Withdrawal Amount: The policy sets a minimum withdrawal limit of $1,000 for all account types.
- Withdrawal Processing Time: Requests are processed on weekdays with a cutoff time of 3:00 PM CT, generally completed within 1-3 business days.
- Withdrawal Methods: Payouts are made via bank wire or cryptocurrency, with traders choosing between RISE or Crypto based on their preference. Accurate banking or crypto details are necessary to avoid delays.
- Buffer Zone Specifics: Different withdrawal conditions apply during the buffer zone phase, adhering strictly to the policy’s terms.
- Account Lifespan and Withdrawal Provisions: Withdrawal allowances are influenced by the account’s age. For accounts less than 45 days old, only 20% of net reserves can be withdrawn upon account closure; accounts between 46 and 90 days old can withdraw 50%; and accounts older than 90 days can withdraw 90%.
- Withdrawal Thresholds by Account Size:
- $50,000 Account: $2,000 threshold
- $100,000 Account: $3,000 threshold
- $150,000 Account: $4,500 threshold
What’s the minimum withdrawal amount at MyFundedFutures?
The minimum withdrawal amount at MyFundedFutures is $1,000. This applies to any size of account.
What’s the maximum withdrawal amount at MyFundedFutures?
MyFundedFutures does not specify a maximum withdrawal amount. However, traders can withdraw up to 60% of their profits during the buffer zone phase, and the policy includes specific withdrawal thresholds based on the account size:
- $50,000 Account: $2,000 threshold
- $100,000 Account: $3,000 threshold
- $150,000 Account: $4,500 threshold
Beyond these thresholds, traders can continue withdrawing profits according to the payout policy guidelines.
What’s MyFundedFutures’s Minimum Balance For Withdrawals?
MyFundedFutures does not specify a minimum balance required before making withdrawals. However, traders must generate at least $1,000 in profits to make a withdrawal, as this is the minimum withdrawal amount.
What are MyFundedFutures’s withdrawal methods?
MyFundedFutures offers two primary withdrawal methods:
- RISE: When choosing RISE, traders receive funds into their RISE account. From there, they can withdraw using any method RISE allows, including bank transfers and other supported payment options in various currencies like USD, EUR, and GBP.
- Cryptocurrency: Traders opting for cryptocurrency withdrawals will receive their funds in USDT (Tether) or TRX (Tron)​.
When can traders withdraw from MyFundedFutures?
Traders at MyFundedFutures can request withdrawals every 14 days. There are no restrictions on the number of trading or profit days required before making a withdrawal. Withdrawals can be submitted from Monday to Friday, with a cut-off time of 3:00 PM CT. Withdrawal requests are typically processed within 1-3 business days
How fast is MyFundedFutures’s payout process?
The payout process at MyFundedFutures generally ensures that withdrawal requests are processed within 1-3 business days.
How does the payout process work at MyFundedFutures?
Here is the step-by-step process for requesting a payout at MyFundedFutures:
- Submit Withdrawal Request:
- Log in to your MFFU dashboard.
- Navigate to the withdrawal section and fill out the withdrawal request form.
- Ensure your request meets the minimum withdrawal amount of $1,000.
- Choose Payment Method:
- Select whether you want to receive your payout via RISE or Cryptocurrency (USDT or TRX).
- Complete KYC Verification:
- Make sure your Know Your Customer (KYC) verification is completed and up-to-date to avoid any delays.
- Request Processing:
- Withdrawal requests are processed from Monday to Friday.
- Ensure your request is submitted before the 3:00 PM CT cut-off time for same-day processing.
- Requests typically reflect in your account within 1-3 business days.
- Receive Payout:
- For RISE: Once funds are in your RISE account, you can withdraw using any method RISE allows, such as bank transfer.
- For Cryptocurrency: You will receive your funds directly in USDT or TRX.
what are MyFundedFutures’s payout restrictions?
The payout restrictions for MyFundedFutures include:
- It is not allowed to withdraw funds if the account is below the minimum balance threshold of $1,000​​.
- Traders cannot request payouts for accounts that have not completed the initial evaluation phase and reached the first payout​​.
- It is not permitted to withdraw amounts exceeding $2,000 within the first 60 days for a $50,000 account; this cap is designed to manage risk​​.
- Accounts cannot be reset once they have received funded status, and traders must adhere to the 14-day interval between withdrawal requests​​.
- Prohibited countries: Traders from specific countries, including Afghanistan, Albania, Algeria, and others listed, are not accepted and cannot receive payouts​​.
- It is prohibited to maintain more than 10 active accounts simultaneously; additional accounts beyond this limit will not be eligible for payouts​​.
- There are restrictions on withdrawal amounts relative to the buffer zone. During the buffer zone phase, withdrawals cannot exceed 60% of profits, and the buffer resets to zero after any withdrawal, losing any remaining drawdown​​.
What is the MyFundedFutures profit share?
The profit share structure at MyFundedFutures is as follows:
- Initial Profit Allocation:
- Traders receive 100% of their initial profits up to $10,000. This means the first $10,000 in profits is allocated entirely to the trader without any deductions​​.
- Profit Share Beyond Initial Allocation:
- After the first $10,000 in profits, traders earn 90% of net profits. The remaining 10% is retained by MyFundedFutures.
What to know about taxes on MyFundedFutures payouts?
Taxes on MyFundedFutures payouts are important to understand for compliance and proper financial management. Here are the key points to know:
- Traders must report their earnings from MFFU payouts as income on their tax returns.
- For tax reporting purposes, it is essential to maintain accurate records of all transactions, including payouts.
- MyFundedFutures may require traders to submit tax identification information as part of the Know Your Customer (KYC) process.
- Taxes are not automatically withheld from payouts; traders are responsible for paying any applicable taxes.
- Non-US residents should consult their local tax authorities to understand their obligations regarding income earned through MyFundedFutures​​.
Proper documentation and consultation with a tax professional can help ensure compliance with all relevant tax laws and regulations.
does MyFundedFutures apply withdrawal fees?
MyFundedFutures does not explicitly mention any withdrawal fees. However, any fees associated with withdrawals through RISE would apply when choosing RISE as the payout method. Similarly, fees may be associated with USDT or TRX transactions for cryptocurrency withdrawals, typically including network or gas fees.
Does MyFundedFutures Pay Out?
Yes, MyFundedFutures pays out to its traders. Operating since June 2023 and led by CEO Matthew Leech, MyFundedFutures has quickly built a reputation for transparency and responsive support. With over 509 reviews on Trustpilot and a rating of 4.7 out of 5 stars, MFFU is considered legitimate by traders worldwide.
Traders confirm that they receive payouts via RISE or cryptocurrency, following the profit split agreement where the first $10,000 of profits are kept in full and 90% of profits thereafter.
Verified Withdrawal Proofs from MyFundedFutures Traders
Here are a few actual proofs of MyFundedFutures payouts:
- Some Trustpilot reviews confirm payouts.
- This is a video from Tanja Trades with proof of withdrawal.
Will withdrawals affect MyFundedFutures’s trading rules?
Yes, withdrawals do affect MyFundedFutures trading rules, particularly during the buffer zone phase and in terms of the drawdown limits. Here’s how:
- Buffer Zone Phase: When a withdrawal is made during the buffer zone-building phase, the buffer zone resets to $0. This reset means that any remaining drawdown, which might have been covered by the previous buffer zone, is lost, affecting how a trader manages future losses.
- Drawdown Limits: The drawdown limit is crucial in managing risk, and making a withdrawal sets the drawdown limit back to $0 if it happens during the buffer zone phase. This change means that any losses that occur after the withdrawal are not covered up to the previously set buffer zone amount​.
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