Prop Firm Payout Guide: How to Get Paid Faster

Getting funded is only half the battle. The real goal is getting paid. This guide covers everything about prop firm payouts — from how they work to how you can speed up the process.

How Prop Firm Payouts Work

Once you're funded and profitable, here's the typical payout process:

1. Trade and generate profits on your funded account
2. Meet the payout eligibility criteria (minimum days, minimum profit, etc.)
3. Request a withdrawal through the firm's dashboard
4. Complete KYC verification (usually only required once)
5. Receive your funds via your chosen withdrawal method

Payout Schedules by Firm

Withdrawal Methods

Bank Wire Transfer

• Processing time: 2-5 business days
• Fees: $0-$30 depending on the firm
• Best for: Large withdrawals ($1,000+)

Cryptocurrency (BTC, USDT)

• Processing time: 1-24 hours after approval
• Fees: Network fees only
• Best for: International traders, fastest option

PayPal / Wise / Payoneer

• Processing time: 1-3 business days
• Fees: Varies ($0-$5)
• Best for: Smaller withdrawals, convenience

Rise (formerly Riseworks)

• Processing time: 1-3 business days
• Fees: Minimal
• Best for: Used by several major firms (FTMO, FundedNext)

KYC Requirements

Every legitimate prop firm requires KYC (Know Your Customer) verification before processing your first payout. Prepare these documents in advance:

1. Government-issued ID — Passport or national ID card
2. Proof of address — Utility bill or bank statement (less than 3 months old)
3. Selfie verification — Photo of you holding your ID (some firms)

Common Payout Delays and How to Avoid Them

1. Incomplete KYC

2. Minimum Holding Period

3. Open Positions

4. Consistency Rules

5. Processing Queue

Tips for Getting Paid Faster

1. Complete KYC immediately after getting funded
2. Close all positions before requesting a withdrawal
3. Use crypto withdrawals for the fastest processing
4. Request payouts early in the week (Monday or Tuesday)
5. Keep your documents up to date — renew expired IDs proactively
6. Withdraw regularly — Don't let profits accumulate unnecessarily
7. Maintain a clean trading record — No rule violations that trigger manual review

Profit Split Explained

Your profit split determines how much of your trading profits you receive:

Example:

• Funded account profit: $5,000
• Profit split: 85%
• Your payout: $4,250
• Firm's share: $750

Tax Considerations

Prop firm payouts are typically classified as:

• Self-employment income in most countries
• Subject to income tax at your personal rate
• May require quarterly estimated tax payments

• All payouts received (dates and amounts)
• Challenge fees paid (often tax-deductible as business expenses)
• Platform and data fees (also potentially deductible)

Challenge Fee Refund

Most firms refund your challenge fee with your first profit payout. This means:

• You paid $500 for a $100K challenge
• You pass and get funded
• Your first profitable payout includes a $500 refund + your profit split

Red Flags to Watch For

Be cautious of firms that:

• Consistently delay payouts beyond their stated timeline
• Add new requirements after you request a withdrawal
• Have a pattern of denying payouts on technicalities
• Don't respond to payout-related support tickets

Conclusion

Getting paid from prop firms is generally straightforward if you prepare properly. Complete your KYC early, understand the payout schedule, and maintain a clean trading record. The firms on our platform all have verified payout track records.

Check our payouts page for detailed payout information on every firm we track.