Overview
Attention, traders! Unlock the secrets of Rocket 21's payout system with our in-depth guide. From seasoned space cadets to those just setting sail, we've assembled the essential knowledge on payout timings, withdrawal methods, verification requirements, and beyond!
To initiate your payout process, traders need to submit a request through
Dashboard > Profit Share:
What Are Payouts?
Payouts are the earnings a trader can withdraw from their Simulated Funded Account after meeting specific criteria. These payouts are a reflection of your trading success and are an essential aspect of your trading journey with Rocket 21.
To see all requirements and how to submit a request, please see the
Payout Review Process
Before a payout request is approved, Rocket 21 conducts a thorough review to ensure all trading activities align with our risk management policies. This review includes:
Lot Size Limit Rule
News Trading Restrictions
Duplicate IP Address Verification
Copy Trading Prohibition
To see all trading rules and guidelines for a successful withdrawal, here are two important links:
During the review process, your trading account will be temporarily disabled to prevent additional trades. This measure ensures that the Risk Team can accurately assess your account without interference.
Processing the Payout
All payout requests submitted before 4 PM EST will be processed on the next business day, typically within 24 hours. Please note that payouts are only processed on business days, excluding weekends and holidays. Any requests made on weekends or holidays will be treated as if they were submitted on the next business day.
Key Concepts in Rocket 21 Payouts
Simulated Funded Accounts: These are accounts where traders use simulated funds to trade and generate profits. When certain conditions are met, these profits can be withdrawn as real money.
Eligibility Criteria: Before requesting a payout, traders must meet several requirements:
KYC Verification: The Know Your Customer (KYC) process ensures that all traders are verified and legitimate. This process must be completed before any payout requests can be made.
Trader’s Contract: Every trader must sign a contract that outlines the terms and conditions of trading and payouts on our platform.
Trading and Active Days: To ensure that the profits are a result of consistent trading, traders must have a certain number of trading and active days. For example, depending on the account type, a minimum number of trades must be completed on different days, and the account must be active for a specified period.
Profit Thresholds: There are minimum profit amounts that must be reached before a payout can be requested. These thresholds vary depending on the payout method, ensuring that traders withdraw meaningful amounts.
Payout Processing: Once a payout is requested, our Risk Team reviews and processes the request. This involves verifying that all eligibility criteria have been met. During this time, trading on the account is temporarily disabled to ensure no additional trades are made.
Payout Methods: Rocket 21 offers multiple payout methods to accommodate the diverse needs of our traders:
International Bank Transfer: A reliable method for traders who prefer traditional banking. It has a fixed fee structure.
Cryptocurrency Transfers: A fast and low-cost alternative, especially for traders who value privacy and global accessibility. Supported cryptocurrencies include Bitcoin (BTC), USDT.TRC20, and USDT.ERC20.
Why Payouts Matter
Payouts are more than just withdrawals; they represent the tangible rewards of your trading efforts. Understanding the payout process ensures that you can effectively plan your trading strategy and know when to request your earnings.
By familiarizing yourself with the payout process at Rocket 21, you can make informed decisions, avoid delays, and maximize the benefits of your trading activities.
Your success is our priority, and we want you to know that our dedicated support team is here for you around the clock. Have questions, or concerns, or just seeking guidance? Simply click the chat button below, and our team will be ready to assist you promptly.
Your Rocket 21 space journey is important to us, and we're here to ensure you have the support you need whenever you need it.