Do you have to follow the monetary rules to get a payout?

Yes, to receive a payout from your Pivex Trading Account, you must strictly follow all monetary rules. These rules are designed to ensure responsible trading and risk management, safeguarding both your performance and the integrity of your account.

Key Rules to Follow for Payout Eligibility:

Drawdown Limits

Daily Drawdown:
You cannot exceed a 4% daily drawdown calculated from your starting equity each trading day.
Overall Drawdown:
You must stay within the 6% overall drawdown, calculated from your initial balance.

Example:

• Starting Balance: $100,000
• Max Daily Loss: $4,000
• Max Overall Loss: $6,000
• Breaching these limits will deactivate your account, making you ineligible for payouts.

Consistency Rule:

• Your largest single trade should not exceed 50% of your total realized profit.
• This rule ensures that your trading style is consistent rather than relying on one-off large trades.
  

Example:

• If your profit target is $10,000 and your biggest trade generated $7,000 (70%), it means your trading approach is inconsistent.
• You will need to continue trading until your largest trade accounts for 50% or less of the total profit.
• Maintaining consistent trading behavior is crucial to demonstrate reliable trading skills.

Profit Targets:

• There is no specific profit target in the Pivex Traders stage.
• You are expected to show consistent profit growth rather than sporadic high gains.
• As long as your account balance grows steadily while following risk management rules, you can request payouts.

Minimum Payout Requirement:

Your profit balance must exceed $50 to initiate a payout request.

Example:

If your profit is $200, you can request a payout. If your profit is less than $50, you must continue trading until you meet the minimum requirement.

Consequences of Breaking Monetary Rules:

• Account Deactivation: Violating monetary rules, such as exceeding drawdown limits or failing the consistency rule, will lead to account deactivation.
• Ineligibility for Payouts: Once deactivated, you must requalify or pass the challenge again to regain eligibility.
• No Payouts: Any profit generated after breaching the rules cannot be withdrawn.
  

Why These Rules Matter:

The monetary rules at Pivex are designed to promote responsible trading practices. By following these guidelines, you demonstrate your ability to manage risk effectively and trade in a sustainable way. This is essential not only for earning consistent payouts but also for maintaining long-term profitability in the Pivex Traders stage.

Sticking to these rules shows that your success is not based on high-risk trades or luck, but on consistent, disciplined trading. This approach ensures that you can handle simulated trading capital responsibly, earning real rewards as you progress.

If you have any questions or need further clarification on the monetary rules, feel free to contact our support team for assistance!