Casey provided a detailed walkthrough of the payout and withdrawal process for the My Funded Futures prop trading firm, specifically focusing on starter and expert accounts.
He described eligibility criteria, profit split rules, the use of the Rise platform for payouts, and gave a live example of requesting and receiving a payout.
Payouts were processed quickly, with approval and bank transfers completed within hours.
Casey shared feedback on the firm's efficiency and reliability, including his positive ongoing experience.
Action Items
(No specific action items or due dates were assigned during the meeting/transcript.)
Payout and Withdrawal Process
My Funded Futures offers different funded account types (Starter, Expert, Starter Plus), each with unique rules for payout eligibility.
Starter accounts require five winning days of at least $100 (for 50k), $200 (for 100k), or $300 (for 150k) to qualify for withdrawal, with a payout cap.
Expert accounts are less restrictive; a minimum of one trade per week and maintaining a balance $1,000 above the buffer is required for payout eligibility.
The first $10,000 in payouts (across all accounts) is 100% paid to the trader; after that, profit is split 90% to the trader and 10% to the firm.
KYC (Know Your Customer) identity verification is required for first-time withdrawals.
Live Example of Payout Request and Processing
Casey demonstrated submitting a payout request via the dashboard for three funded expert accounts.
The selected withdrawal amount was processed through Rise, a financial transfer platform supporting instant bank deposits and possibly crypto payments.
The payout request submitted late Thursday night was approved and paid by Friday morning, with funds deposited in his account within minutes.
Fees were deducted before final transfer; multiple payouts were handled efficiently and rapidly.
Decisions
Use of Rise platform for payouts — Chosen for its speed and convenience with instant bank deposits.