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faq / Accounts, Orders, and Billing

Accounts, Orders, and Billing

Key Details about Your Account, Challenges, and Billing Practices

No, according to our terms and conditions and the rules of the challenge, if your funded account is violated or you fail to pass any of the specified criteria, your account will be deactivated. In such cases, you would not be eligible for a payout.

It’s crucial to maintain compliance with our terms, conditions, and challenge rules to ensure the continuity of your trading journey. If your account is deactivated, you may need to restart the challenge process to regain eligibility for a funded account and potential payouts.

We take these measures to ensure the integrity and fairness of our trading environment. If you have any further questions or require clarification on our account policies, please feel free to reach out to our support team. We’re here to assist you and guide you through the process.

Upon successfully completing Phase 1 (the challenge) and Phase 2 (verification), you become a funded sports trader. Here’s a breakdown of the refund process:

  1. Becoming a Funded Trader: After passing both phases, you’ll transition into the funded sports trader status.
  2. Profit Withdrawal Option: If you meet all the criteria and requirements, you’ll have the option to make a withdrawal. This withdrawal can include your earnings from trading and a refund of your challenge account fee during your first withdrawal.
  3. Profit Split: At this point, you have the choice to either withdraw your earnings at a 70/30 profit split or use them to pad your drawdown amount for the following month.
  4. Refund from Package: Additionally, if your trading package, which enabled you to become a funded sports trader, includes a refund clause, you will receive your refund at this time. This refund is processed alongside your profit withdrawal. You will not be issued a refund if you do not make it to your first withdrawal.

It’s important to note that the exact timing of your refund may vary based on processing and financial considerations. We’re dedicated to ensuring a smooth and transparent process, and our support team is available to assist you with any questions or concerns you may have regarding refunds or withdrawals.

Your success and satisfaction are paramount to us, and we’re here to support you throughout your trading journey. If you have any further questions or need clarification on the refund process, please feel free to reach out to our support team for assistance.

At The Funded Sports Trader, we prioritize flexibility and convenience for our traders when it comes to processing payouts.

Here’s how the payout process works:

  1. Payout Options: Deel provides you with multiple payout options to choose from, catering to your preferences. You can select between:
    • ACH (Automated Clearing House) Transfer: This option allows you to receive your funds directly into your bank account, ensuring a traditional and secure payout method.
    • Crypto Payout: Alternatively, you have the option to receive your payout in cryptocurrency, offering the advantages of speed and flexibility associated with digital assets.
    • Paypal: Individuals or businesses can seamlessly transfer funds from their TFST account to their PayPal account, providing convenient access to their money.
    • Venmo: Facilitate a quick and easy withdrawal straight to your Venmo account.
    • Zelle: Receiving a Zelle withdrawal facilitates the swift transfer of funds directly to an individual’s bank account from another party, enabling seamless access to the money without any additional steps.
  2. Choice and Control: The choice between payout options empowers you to select the method that aligns best with your financial preferences and goals.
  3. Secure and Reliable: We offer secure and reliable payment processing through many partners, ensuring that your funds are transferred to you in a safe and efficient manner.
  4. Tax Season: For United States Citizens, you will receive a 1099 which details out all of the tax documents you need to file your earnings with your state and federal government. For international users, you are solely responsible for adhering to your countries tax laws.

We aim to provide you with a hassle-free and secure payout experience, allowing you to access your trading profits with ease. If you have any specific questions about the payout process or need assistance with payout options, don’t hesitate to reach out to our support team. We’re here to ensure your financial transactions are handled smoothly and to your satisfaction.

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