Why is there a Payout Locker?

One of the most crucial aspects that many traders overlook is the necessity of efficient risk management with a focus on generating consistent profits.

We have encountered numerous traders who recklessly gamble with their earnings and show no sense of responsibility.

Traders who are only here for quick gains without following a long-term strategy and effective risk management are not the type of traders we look for at FTUK.

We firmly believe that companies should prioritize protecting their capital as it is in nobodies interest to reach the maximum drawdown limit.

We have stayed open and thrived in a field where many of our competitors have closed down.

When does the payout locker take effect?

The Payout Locker will only kick in when:

The trader has achieved a profit target of 10%.
The trader's account has been approved for scaling up.
14 calendar days have passed in the new level.
The trader's account is in profit, and their share is at least $250.
The trader has requested a payout.
The trader has read, and accepted the Payout Locker terms and conditions that are presented at the time of request.

What does the Payout Locker do?

If the trader chooses to make a withdrawal, the default drawdown limit will be automatically moved to equal that of the starting funded balance of that level for the remaining duration of trading activity on that new level.

Example: You scaled to level 2 and have a $20,000 account.
Your drawdown stop out level is $18,600.
You make 7% profit and now have $21,400.
You withdraw $400, and your balance becomes $21,000.
Your new drawdown stop out level is moved to $20,000.
It will remain at this amount until the trader reaches level 3, or $40,000.
At level 3, the drawdown stop out is returned to the default percentage, which make it $36,800.


It is important to understand that the static drawdown limit is only locked into the starting balance after the FIRST payout request. Any subsequent withdrawals do not affect the drawdown limit.



Below are 3 examples of how the Payout Locker will function on a $10,000 Funded account given various trading scenarios:

Trading without making an initial payout request.

If a trader is at a new level and does not make a payout request, the drawdown limit on the account remains static throughout that level.

Trading after making an initial payout request.

Once a trader has requested the 1st payout, the drawdown is locked to the starting balance for the remaining lifecycle of the account.





REMEMBER: After scaling up to a new level, a trader must complete 14 calendar days before requesting a pay-out.

Trading after making multiple withdrawals.

The static drawdown remains locked to the starting balance after the initial payout request. Any further payouts do not affect the drawdown limit.




REMEMBER: The drawdown limit is not moved UNTIL the trader requests an initial payout on the new level.

Updated on: 16/08/2024