Overview
Competition prize accounts are subject to a maximum total payout limit.
MOST COMPETITION PRIZE ACCOUNTS$500Maximum total payout per account.
| $100,000 COMPETITION PRIZE ACCOUNTS$2,000Maximum total payout per account. |
The $500 payout cap applies to all competition prizes except $100,000 competition prize accounts, which have a $2,000 payout cap.
Is the Cap Per Payout?
No. The cap applies to the full lifetime of the prize account, not to each individual payout request.
For example, if a competition prize account with a $500 cap receives a $300 payout and then a $200 payout, the full $500 lifetime cap has been reached.
The same lifetime-account principle applies to a $100,000 competition prize account, but its total cap is $2,000.
How Is the Cap Calculated?
The applicable cap is measured using total payouts from the prize account before profit split.
What Happens When the Cap Is Reached?
Once the account reaches its applicable maximum payout amount:
The prize account is closed.
No additional payouts are available from that same account.
The trader would need to win or receive another eligible free account, if applicable, or use the payout to purchase a regular non-free account.
Do Regular Purchased Accounts Have This Cap?
No. This free-account payout cap applies to competition prize accounts and other qualifying free accounts. A regular purchased account does not carry this cap.