TickTick Trader payouts and TickTick Trader withdrawals are fairly simple. All the details are below. The main thing to know is there is a 30% consistency rule, meaning no more than 30% of your profits can come from 1 trading day.
TickTick Trader is looking to build long term relationships with futures traders, and I highly recommend them.
The information below was current as of the time of writing this article. Please visit TickTick Trader and review their help section to verify all the information below is still current before signing up.
TickTick Trader Profit Split
All earnings in the first 3 months are 100% yours!
Thereafter TickTick Trader keeps 10% of the profit the remaining 90% is received by the trader.
TickTick Trader Payments and Withdrawal Requests
Payment can be requested anytime during the calendar month. All payments are processed within 5 business days.
There is a 30% consistency rule on PA accounts. This means no more than 30% of your profits can come from 1 trading day. This encourages traders to be responsible.
There is a minimum $250 payout request. There is no maximum amount. As long as your account balance will remain above the safety threshold, you can withdraw any amount.
TickTick Trader Withdraw and Payment Methods
Withdrawals can be requested via ACH/Wire Transfer, PayPal, or several cryptocurrencies.
TickTick Trader Safety Threshold
The withdrawal safety threshold reserve is defined as the minimum amount required to remain in the Trader’s Account to be able for withdraw.
- $25,000 Account – $1,600
- $50,000 Account – $2,600
- $100,000 Account – $3,600
- $150,000 Account – $5,100
- $250,000 Account – $6,600
TickTick Trader and Income Taxes
Traders who trade and receive payment are independent contractors. Form 1099-Misc Non-Employee Compensation will be mailed for US citizens or W-8BEN for foreign citizens. You are responsible for paying your own taxes as TickTick Trader does not with hold any taxes.
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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.