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What our customers ask the most
The stake is the amount selected by the trader when purchasing a PAYDAY Account.
Traders can choose a stake between $25 and $500.
Stakes are available in $25 increments.
After selecting a stake, traders can choose one of the available PAYDAY multipliers.
The multiplier determines the payout amount the trader can become eligible for after successfully completing the account objective.
The selected multiplier is applied to the trader’s chosen stake.
For example, if a trader selects a $100 stake and chooses the 2x multiplier, the eligible payout amount would be:
$100 x 2 = $200
If a trader selects a $500 stake and chooses the 10x multiplier, the eligible payout amount would be:
$500 x 10 = $5,000
Absolutely!
PAYDAY Accounts allow news trading.
This means traders are not restricted from trading before, during, or after news events.
Although news trading is allowed, traders should understand that news events can create increased market risk.
During news events, market conditions may change quickly. This can include:
Increased volatility.
The PAYDAY Account has a fixed 8 hour trading window.
This means traders have 8 hours to complete the required number of qualifying profitable trades, based on the multiplier selected at purchase.
The 8 hour timer starts from the trader’s first trade.
The timer does not start when the PAYDAY Account is purchased or created.
This gives traders more flexibility to purchase their PAYDAY Account, complete any required setup steps, review the markets, and begin trading when they are ready.
Once the first trade is placed, the 8 hour PAYDAY trading window begins.
Although the 8 hour trading window starts from the first trade, PAYDAY Accounts also have a 3 day inactivity timer.
This means traders must place their first trade within 3 days of purchasing the account.
If no trade is placed within the 3 day inactivity period, the account may become inactive or breached and may no longer be eligible for payout.
Traders are not required to purchase their PAYDAY Account only when markets are open.
However, we recommend purchasing the account when the markets they want to trade are available, or when they know they will be ready to start trading within the 3 day inactivity period.
Since the 8 hour timer no longer starts at purchase, traders have more flexibility to choose when they begin trading.
However, once the first trade is placed, the 8 hour window begins immediately.
For example, if a trader wants to trade FX pairs, they may prefer to place their first trade while FX markets are open.
Crypto trading may be available after FX markets close, but traders should always make sure their preferred market is available before starting their first trade.
If the trader does not complete the required number of qualifying profitable trades within the 8 hour window, the account will no longer be eligible for payout.
The account objective must be completed before the timer expires.
A trader becomes eligible to request a payout once all of the following conditions are met:
Once a PAYDAY payout is approved, the account is closed.
The PAYDAY Account is not a long term funded account. It is designed as a short term objective based account.
After completion, the trader may purchase a new PAYDAY Account and try again.
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