Payouts for qualified accounts can be done so through your NexGen dashboard. Navigate to the payout section labeled “Request Payout”. If you have a Live account, you will have a new section labeled “Request Live Payout”.

Requirements before request

Before requesting a payout, a trader must have a qualified account to request from. This can be verified by having all green checkmarks on your dashabord (image below as an example)

KYC

If this is your first payout request at NexGen, you will need to complete KYC. KYC is completed by a 3rd party (Sumsub). This is a one-time requirement and will not need to be completed for future payout requests.

SimFunded Payouts

Upon qualifying for a payout, traders will be able to request a payout for 50% of the profit target. Submitting a payout request will immediately move your SimFunded account to the next stage. The amount requested will be deducted from the account balance and the next payout phase will begin. SimWallet will be funded with the proper amount and the rest will be distributed to your bank.

Sim payouts are not subject to a profit split with NexGen. All requests are split between payouts and SimWallet funding.

• Payout 1: 60/40 (60% payout/40% simWallet)
• Payout 2: 65/35 (65% payout/35% simWallet)
• Payout 3: 70/30 (70% payout/30% simWallet)
• Payout 4: 70/30 (70% payout/30% simWallet) – payout 4 is for IFA only

Live Payouts

Live accounts are able to request daily payout above the starting balance. Request can be made from the tab “Request Live Payout”. Payouts will be made to your bank registered from the SimFunding phase.

Live payouts are subject ot 70/30 profit split. Traders can request 50% of profits between each request. After earning 3.5x of the starting balance, traders can request the 100% of earned profits at each withdraw and profit split will increase to 80/20. The SimWallet balance will also be available for withdraw.

Available Payout Methods

Payouts are available via ACH, Wire, or International Wire. None of these options have fees attached. ACH takes 1-3 days to process. Wire takes approximately 1 day. International Wires do not have fees from us but your bank may have some. Please be aware that bank holidays will delay payouts.