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What are the Performance Reward eligibility criteria for Legacy FundedNext Account?

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TL;DR: In Legacy FundedNext Account, to be eligible for the withdrawal of Performance Reward, at least 5 Benchmark Days and $500 minimum in profits are required.

To withdraw Performance Rewards from a Legacy FundedNext Account, traders must meet certain requirements.

A Performance Reward is a trader's share of gains for their skill and effort while trading in a FundedNext Account after passing the Legacy Challenge. At FundedNext Futures, you can withdraw up to 50% (up to $3,000 or $6,000, depending on the account size) of accumulated profit after every 5 Benchmark Days. After 30 Benchmark Days, the 50% withdrawal limit is lifted.

  • Benchmark Days: Minimum 5 Benchmark Days before the first withdrawal.

    • Benchmark profits: $100 (25K), $200 (50K), $200 (100K).

  • Consistency Rule: No consistency rule to be maintained in Legacy FundedNext Account.

  • Cycle in profit: At least $500 profit is required after your last withdrawal before requesting another.

  • Minimum withdrawal amount: $250.

  • Maximum withdrawal (before 30 Benchmark Days):

    • Traders may withdraw up to 50% (up to $3,000 for $25K account, $6,000 for $50K account, or $6,000 for $100K account) of their Performance Reward until they complete 30 Benchmark Days.

  • After 30 Benchmark Days: Traders can withdraw upto 100% of their simulated profit. (Both the 50% of simulated profit limit and the withdrawal cap rule will be removed.)

  • Reward Share: Traders receive 80% of the requested Performance Reward.

  • Growth calculations: Based on the withdrawn amount.

  • Important notes:

    • The first withdrawal resets the maximum loss limit (MLL) back to the initial balance.

    • Withdrawing all of your simulated profit in one go causes a hard breach.

Key Takeaway

  • Legacy Challenge: Requires benchmark days and higher thresholds, with structured withdrawals that reward disciplined trading.

  • The term "payout" is known as "Performance Reward" in FundedNext Futures.

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