TL;DR: In Rapid FundedNext Account, to be eligible for the withdrawal of Performance Reward, at least $250 or $500 minimum profit, depending on the account size, is required, while maintaining the consistency rule.
To withdraw Performance Rewards from a Rapid FundedNext Account, traders must meet certain requirements.
At FundedNext Futures, traders are rewarded for their success in a simplified manner through Performance Rewards. After passing the Rapid Challenge, they transition to a FundedNext Account, where they can request a Performance Reward anytime, starting as early as 3 days after meeting the Consistency Rule, since there is no Benchmark Day requirement.
Benchmark Days: No Benchmark Days required.
Consistency Rule: To maintain the consistency rule, daily profit cannot exceed 40% of total profits in the account.
Cycle in profit:
First withdrawal requires at least $250 (25K/50K accounts) or $500 (100K accounts).
For subsequent withdrawals, the same minimum amounts apply ($250 or $500, depending on account size).
Minimum withdrawal amounts:
$250 for 25K and 50K accounts
$500 for 100K accounts
Maximum withdrawal per cycle:
$800 (25K)
$1,500 (50K)
$2,500 (100K)
Cap removal threshold: After 5 Performance Rewards, the cap is lifted, and traders can withdraw their Performance Rewards without limits.
Reward Share: Traders are eligible for an 80% Reward Share of the requested Performance Reward.
Important notes:
Withdrawing all of your profit in one request causes a hard breach.
After your first withdrawal, the maximum loss limit (MLL) is set to the initial balance.
Key Takeaway
Rapid Challenge: Flexible withdrawals, no benchmark days, lower thresholds, and the cap removed after 5 withdrawals.
The term "payout" is known as "Performance Reward" in FundedNext Futures.