Nexgen ProTrader Funding Payout Agreement

Payout Agreement.

• Payout Frequency: Payout requests can be made every eight trading days; not all eight days must be profitable, but they must continue to follow the existing trading plan and general trading style.

• Remember that Nexgen (Software Services) has spent the last 28 years analyzing our clients' trades and helping them remain consistent in their trading plan and execution. We expect the same from our Nexgen ProTrader Funding traders. Nexgen will scrutinize all trades made in the account and may request a copy of your written trading plan. Therefore, please have one ready to avoid payment delays. We may recreate the account executions. If more than 10% of the profits fall outside the client's everyday trading style and routine, those trades may not be eligible for payment. If this happens, we will send notice to the trader and initiate a formal discussion, which may and probably will delay payment.

• Payout Processing: Use the 'Request a Payout' form on the site.

request a payout

• Withdrawal requests are reviewed and typically approved or denied within two to three business days, which is necessary to assess the trader's plan, style, and consistency. Fund transfers usually begin within four to five business days of approval. Remember, if you provide a trading plan, your payments may be quicker as validating your trading style will be easier.

• Once in a Semi-Live Account or Live ProTrader Account, you can withdraw profits exceeding the plan's drawdown buffer. This drawdown buffer, equal to the max drawdown, will be used to pad the account so that failing the account becomes as difficult as possible.

• Minimum and Maximum Payouts: The minimum payout is $500 for any account size. Maximum withdrawal limits apply to the first 60 days' worth of payouts. After that, traders are eligible for all eligible profit payouts at 90% for the first 16 payments, provided the requirements are met.

• NOTE: The Nexgen ProTrader Funding website will automatically calculate how much you are due for a payout to assist you in the process.

• Profit Sharing: Traders will retain 90% of the first 16 payouts, while Nexgen ProTrader Funding will retain 10%. After 16 payouts, the trader will receive 100% of the profits generated in the account.

• Traders must follow a consistent trading strategy, avoiding erratic behavior such as:

  • Trading maximum contracts inconsistently, then trading minimums.

  • "Flipping" contracts to manipulate trading days to a payout using micro contracts.

  • Seeking huge profitable trades using max contracts instead of disciplined, steady trading. No more than 30% of any profits for the 8-day payout period may come from one single day.

• Violations may result in account pauses, warnings, or closures.

• International Payouts: Non-U.S. traders are paid via WISE, a secure payment gateway, and will receive instructions on how to link their bank account.

• Taxes: Traders are considered independent contractors. U.S. citizens and entities receive a Form 1099-NEC, while non-U.S. taxpayers do not.

• Nexgen ProTrader Funding does not provide tax advice. Please discuss your taxes with a tax professional from your jurisdiction.