When a trader reaches their 3^rd or 4^th payout (depending on the plan type) in Sim, their SimWallet balance will be transferred into their Live funded account. NexGen will add an additional 20% of a trader’s profit withdraw into the Live Funded Account. If a trader has a second Sim account that has not made it to Live, the trader’s Live transition will be paused until the Sim account is completed.

*Accounts can be transitioned to Live any time before the last payout

Live Trading Rules

Capital & Margin allocation is based upon the traders’ starting balance which is derived from the SimWallet + Bonus. Traders will be assigned a minimum account balance, which will also be the absolute minimum an account can reach.

Accounts will feature a daily stop just as the sim accounts did. The daily stop will be hard violation or soft violation depending on the account balance. Hard violations occur when the balance on an account is below the starting balance. Soft violations (daily) will occur when balances are above the starting balance.
Margin and position size are determined by the broker and the exchange. NexGen has no control over the margin requirements set or monitored by the broker. It is possible that, even if your account balance remains the same or increases, you may not have sufficient margin to trade as usual due to changes in broker or exchange margin rules. In such cases, you must adjust your position size or change instruments to comply with the broker’s margin requirements.

Live Withdraw Rules

• Payout frequency – weekly payouts above the initial balance
• Payout amount – 50% of profits above the starting account balance
• Split – 70/30
• Consistency – none
• News Trading – yes subject to Margin from the exchange/Broker being met. See above.
• Payout frequency and amount will decrease to daily and 100% after a trader withdraws 3.5x the starting balance. Trader will also be able to withdraw 50% of their buffer zone (below the starting balance) after 30 profitable trading days.
• *Accounts balances cannot be withdrawn below the MAB.

Why are payouts weekly and only up to 50% profits?

NexGen’s entire premise is to build create better Live traders. When traders have big days and leave no buffer after a withdraw, there is a 99% chance a trader will not have a good outcome. Leaving a buffer enhances mental stability in possible drawdowns. It helps with contract scaling and it helps with emotions, like what was said before. This approach helps keep trader’s grounded, instilling better trading habits. Not having a buffer can cause traders to act irrationally and make detrimental mistakes. Remember the buffer is there and will be withdrawable.