Payout Methods & Timelines
How You Receive Your $500
Once you pass the Trading Challenge, the next step is receiving your payout. We offer several payment methods to make the process as convenient as possible, no matter where you are located.
Available Payout Methods
- PayPal: The fastest and most popular option. Funds are sent directly to your PayPal email address. Available worldwide.
- Direct Deposit (ACH): Available for U.S.-based members. Funds are deposited directly into your bank account. Requires your routing and account numbers.
- Wire Transfer: Available for international members who do not use PayPal. Funds are sent directly to your bank. Note that your bank may charge a receiving fee for international wires.
Timeline: From Passing to Payment
- Challenge Completion: You finish the Trading Challenge and meet all requirements.
- Verification (1-2 business days): Our team reviews your challenge results to confirm all rules were followed and targets were met.
- Payout Processing (3-5 business days): Once verified, your payout is initiated through your chosen payment method.
- Funds Received: Total time from passing to receiving funds is typically 5-7 business days.
Note: PayPal payouts are usually the fastest, often arriving within 1-2 business days after verification. Direct deposit and wire transfers may take slightly longer depending on your bank.
Setting Up Your Payout Method
You can configure your preferred payout method in your account settings at any time. We recommend setting this up before you attempt the Trading Challenge so there is no delay once you pass. Navigate to Settings > Payout Preferences and enter your payment details.
Tax Considerations
The $500 payout may be considered taxable income depending on your jurisdiction. We recommend consulting a tax professional for guidance specific to your situation. For U.S.-based members, we may issue a 1099 form if required by law.
Further reading: U.S. SEC — Investing Basics (investor.gov).