The minimum payout amount is set at $100. Once you reach the set payout amount, you can simply request a payout.
Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of higher volatility when market orders are used. It can also occur when a large order is executed but there isn't enough volume at the chosen price to maintain the current spread.
You can withdraw the first and subsequent payouts after 14 days. Then, you can request any subsequent payout every 7 days.
Cryptocurrency trading operates as follows: Cryptocurrencies can be traded five days a week without restriction, that is from Monday 00:00 to Friday 23:30 server time (Summer server time: GTM+3, Winter server time GTM+2). There is a trading break over the weekend during which trading is not possible (open positions are not closed over the weekend, but it is not possible to modify them during the break).
It depends on which form of payment you prefer. If you choose a bank transfer in the DEEL app, it will take 1-3 business days. If you pay to Revolut/Wise or another similar service, you'll have the money in your account within moments of it being sent from DEEL.
With the For Traders Scaling Plan, we provide our traders the opportunity to increase their trading account size. After successfully completing a Phase 2, traders get a chance to increase their account size by 25% - aligning with the market standard, but Without Minimum Profit requirements.
The scaling process is simple and transparent. Every four months, we analyze your account's profitability. If the account is profitable, we increase your balance by 25% in the fifth month. This means, with an initial account setup of $100k, your account size could increase to $125k. This also adjusts the daily and overall drawdown limits proportionally, ensuring you get the opportunity to make the most of your successful trades.
However, keep in mind that if you lose an account with a scaling plan, you will have to start anew with the original account setup. This is to ensure a fair and sustainable trading environment for all our traders.
In terms of the maximum scale, we align ourselves with a realistic yet ambitious target of $1.5 million. We believe this to be a responsible balance, encouraging solid, consistent trading strategies rather than high-risk, high-reward approaches that only a small percentage of traders can achieve.
Learn more about the Scaling Plan on our dedicated page.
When do I have to enter my pay to get it on my preferred day?
Even the first payout could be processed after the first 14 days. Subsequent payouts can be withdrawn after 14 days as well, depending on your preference. As with the challenge Phases, the period is calculated by placing the first order/trade.
Do you have more questions? Check out the full FAQs.