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πŸ”₯ Ignite Accounts (New): Payout Requirements

Updated over 2 weeks ago

This account is designed to reward consistent, profitable traders. To be eligible to request a payout, you must meet three key requirements.

Here is a simple breakdown of each rule:


1. 5% Profit Target

You must reach a 5% profit target to be eligible for each payout. How this target is calculated changes slightly after your first withdrawal.

For Your First Payout: The target is 5% of your initial account balance.

  • Example (50k Account):

    • Initial Balance: $50,000

    • 5% Profit Target: $2,500

    • Target Balance for Payout: $52,500

For Subsequent Payouts: The target is 5% on top of your new balance after your previous payout is deducted.

  • Example (Continuing from above):

    • You reach $52,500 and request a $1,000 payout.

    • Your new post-payout balance is: $51,500

    • Your new 5% profit target is calculated from this balance: ($51,500 * 0.05) = $2,575

    • Target Balance for 2nd Payout: $51,500 + $2,575 = $54,075


2. 15% Consistency Rule

This is the most important rule for managing your risk. It ensures that your profits are earned steadily, rather than from a single lucky day.

The Rule: Your single best trading day's profit cannot account for more than 15% of your total accumulated profit at the time of your payout request.

The Formula: (Best Day's Profit / Total Profit) * 100 = Your Consistency Score

Example 1: (PASS)

  • You reach a total profit of $2,500.

  • Your single best day was $300.

  • Calculation: ($300 Γ· $2,500) * 100 = 12%

  • Result: You PASS (12% is less than 15%).

Example 2: (FAIL)

  • You reach a total profit of $2,500.

  • Your single best day was $1,000.

  • Calculation: ($1,000 Γ· $2,500) * 100 = 40%

  • Result: You FAIL (40% is greater than 15%).

"I failed... how do I fix my score?"

If your best day is too high, you must "fix" your score by accumulating more profits. You need to make that best day equal 15% of a new, larger total profit.

  • Using Example 2:

    • Your best day is $1,000.

    • To find the profit target you need: $1,000 Γ· 0.15 = $6,667

    • You must grow your total profit to $6,667 (without having another day better than $1,000) to meet the 15% rule.

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