How & When are Rewards paid?
How & When are Rewards paid?
Rewards Options: We offer both FIAT and Crypto Rewards to accommodate your preferences. For further details, please visit our payment provider:
Rewards Procedure: Before a Rewards is made, the following steps are required:
Signing of a Signal Contract: You will need to review and sign the agreement.
Identity Verification (KYC): Your identity must be verified as part of the standard Know Your Customer (KYC) process.
Processing Time: We process Rewards in 1-2 business days after KYC approval. During public holidays no Rewards are processed. Most traders receive their profit-share payments within 4-6 business-hours of requesting a Reward.
How do I receive my cash Rewards as a successful signal provider?
How do I receive my cash Rewards as a successful signal provider?
To request your first Reward, the following steps are required: (KYC with Veriff OR Rise)
Complete KYC/AML verification via https://www.veriff.com/
Or create an account at https://www.riseworks.io/ – this service handles the signal provider contracts and payments.
Create an invoice (only if using Veriff) issued by you to TradersYard for the signal provider services rendered:
The invoice must comply with the legal requirements of your country.
The invoice must include the following details:
Invoice recipient: TradersYard GmbH, Kärntnerring 5-7, 1010 Vienna, Austria, VAT-ID: ATU77254506
Invoice sender: The name of the person who paid the challenge registration fee + full address and country information.
Invoice date: Date the invoice is issued.
Service period: The period from when you purchased the challenge to when you completed the current level (from - to date needed)
Service description: Performance commission for account number – (your TradersYard account number, format: TC-X-XXXXXX)
Amount: Specify the exact Reward amount you wish to request.
Tax rate: Indicate the applicable tax rate, even if it is 0%. For invoices from the EU, add a reverse charge note if applicable.
You can use tools such as https://invoiceninja.com/, https://runbill.com/, or https://sevdesk.at/ to create your invoice.
What is the minimum Reward amount?
What is the minimum Reward amount?
Traders can request a Reward at the end of each Reward cycle, once their profits reach a minimum of $50 on the funded account.
Specifically for instant funded account, minimum withdrawable Reward is $50 or 2% of initial balance, whichever is maximum among these two amounts.
What is the reward and Reward schedule for each account type?
What is the reward and Reward schedule for each account type?
Account Type Account Type | First Reward / Reward Request First Reward / Reward Request | Future Reward / Reward Requests Future Reward / Reward Requests | Special Conditions Special Conditions |
Step 1 Funded | After 15 days | The Reward cycle resets only when a Reward request is submitted | No time limits |
Step 2 Funded | After 15 days | The Reward cycle resets only when a Reward request is submitted | No time limits |
Instant Funded | After 15 days | Every 10 days | Daily reward withdrawals become available after 60 days of good standing |
Which countries and currencies are supported for Rewards through Rise?
Which countries and currencies are supported for Rewards through Rise?
Reward processed through Rise are subject to Rise’s supported-country and currency requirements.
Please review the current Supported Countries and Currencies list before requesting a Reward.
Because Rise updates this information directly, refer to its live page for the latest information.
Place it near the other FAQs about Reward methods and Reward processing.
How soon will I receive my Reward?
How soon will I receive my Reward?
Your Reward will be delivered within 48 business hours after your request has been successfully submitted and approved.
Business hours are [9:00 a.m. to 5:00 p.m.], Monday through Friday, excluding weekends and public holidays. Requests submitted outside business hours will begin processing at the start of the next business day.
What happens if I do not receive my Reward within 48 business hours?
What happens if I do not receive my Reward within 48 business hours?
If you do not receive your Reward within 48 business hours, you will receive an additional Reward equal to 1% of the total Reward pool, up to a maximum of $500.
Only time that falls within our stated business hours counts toward the 48-business-hour period. Weekends, public holidays, and hours outside our normal operating schedule are not included.
When do daily reward withdrawals become available on Instant Funded account?
When do daily reward withdrawals become available on Instant Funded account?
Traders who maintain their Instant Funded account in good standing for 60 days unlock daily reward withdrawals, providing faster access to earned rewards.
Do Instant Funded accounts have a different reward schedule than challenge accounts?
Do Instant Funded accounts have a different reward schedule than challenge accounts?
Yes.
Account Type Account Type | First Reward/Reward First Reward/Reward | Subsequent Reward/Reward Requests Subsequent Reward/Reward Requests |
Step 1 Funded | 15 days | Reward cycle resets after a Reward request |
Step 2 Funded | 15 days | Reward cycle resets after a Reward request |
Instant Funded | 15 days | Every 10 days |
Futures | 10 days | 10 days |
What is Reward Cap?
What is Reward Cap?
There is no Reward cap on FX challenges — you can request a reward of any size. A scalable profit split system applies (see Reward Split rule).
FX Giveaway accounts received from a promotion or tournament prize are limited to a single Reward.
All accounts received as a tournament prize or promotion are FX 2-step default accounts.
Futures accounts have the first 5 Reward capped as follows::
25K account: $2,000
50K account: $3,000
100K account: $4,000
125K account: $5,000
Maximum Rewards per cycle across all futures accounts: 10 Rewards or $40,000 total, whichever comes first. One cycle means the time period until a cooldown period is reached; the cycle resets after the cooldown period (further details below).
All traders are subject to review by the risk team. This review examines account history, trading patterns, and checks for any rule violations.
The risk team reserves the right to place a trader on a 30-day cooldown at any time, including before reaching the Reward limit, if there is evidence of account churning or if the trader has reached the maximum of 10 Reward or $40,000 in total Rewards for the cycle. During the cooldown period, trading will be suspended, all accounts will be disabled, and only up to two funded accounts will remain active.
After the 30-day cooldown, the trader may re-enter the cycle and purchase additional accounts if desired. Funded accounts will be automatically unblocked on calendar day 30.
What is Profit Split system?
What is Profit Split system?
TradersYard uses a scalable profit split system, where your share increases based on profit tiers:
Profit Tier Profit Tier | Trader Keeps Trader Keeps |
First $300 | 100% |
$300 – $1,000 | 90% |
Above $1,000 | 80% |
Example: If you request a Reward with $1,200 profit:
First $300 at 100% = $300
Next $700 at 90% = $630
Remaining $200 at 80% = $160
Total Reward = $1,090 out of $1,200 profit
How does account scaling work?
How does account scaling work?
In 1-step and 2-step FX funded plans, your account can be scaled up after every 4th Reward of at least 1% profit. For each such milestone, your FX funded account receives an additional 10% of your base account size in funding. The maximum scale is $200,000 or 5 times your initial account size, whichever is reached first.
Example 1: A $100,000 funded account after the 4th Reward will increase by 10% to $110,000. After the 8th Reward, it will increase to $120,000, and so on.
Example 2: A $150,000 funded account after the 4th Reward will increase to $165,000. After the 8th Reward, it will increase to $180,000. Scaling stops at $195,000 if the 5x limit is reached before the $200,000 cap.
For Instant Plan accounts, scaling works differently. For every 5% profit achieved, your Instant Plan account becomes eligible for a $1,000 account balance increase. This increase is applied at the start of the next Reward cycle. Scaling milestones can be achieved at any time, including after the first Reward cycle, allowing the account to scale by $1,000 increments up to a maximum of $10,000.
Example: A $1,000 funded account, after gaining 5% profit and requesting a Reward, will receive a $1,000 increase in balance for the next cycle, resulting in a $2,000 balance. The maximum increments can go up to $10,000.
Note: Futures accounts do not have a scaling plan.
Do I also get a scale-up when requesting a Reward?
Do I also get a scale-up when requesting a Reward?
You can find all rules when you can request a scale-up of your account-size here: https://docs.tradersyard.com/traderchallenge/account-scaling
Where can I see who has already received Rewards?
Where can I see who has already received Rewards?
You can view all Reward recipients in our Reward Channel on Discord. We update it regularly so you can see every trader who has successfully received a Reward.
Can affiliates earn commissions on all account sizes?
Can affiliates earn commissions on all account sizes?
Affiliates do not earn commissions on 2.5K accounts. Commissions are available on all higher account sizes.