Traders qualify for the 15% Performance Reward from the Challenge Phase once they withdraw a total of 10% of their account size in the FundedNext Account.
How Does the 15% Performance Reward Work?
For example, if a trader has a $50,000 FundedNext Account, they will qualify for the 15% Performance Reward from the Challenge Phase once their total withdrawn amount reaches $5,000.
Calculating the 15% Performance Reward from the Challenge Phase
Let's consider a trader with a a $50K account with a $2,500 profit target.
After the trader meets the profit target, the 15% Performance Reward is calculated based on the profit target for the Challenge Account, not the total growth made.
In this case, the 15% will be calculated against $2,500: 15% × $2,500 = $375
So, the trader will receive an additional $375 as their 15% Performance Reward from the Challenge Phase.
Once the trader passes the Challenge Phase and the 10% total performance reward withdrawal condition is met, they will receive the 15% reward with their next withdrawal from the FundedNext Account.