How to Withdraw Profits from a Lucid Trading Funded Account
Once you have successfully passed Lucid Trading’s evaluation and secured a funded account, the next step is understanding how to withdraw your hard-earned profits smoothly and efficiently. This article outlines the eligibility criteria, withdrawal process, and tips to ensure your payouts are timely and hassle-free.
Eligibility for Withdrawals
To qualify for withdrawals, Lucid Trading requires traders to meet certain minimum conditions:
- Completion of a minimum number of live trading days to demonstrate consistency.
- Compliance with all risk and drawdown rules throughout the funded period.
- Meeting or exceeding the minimum profit threshold specified by the firm.
- Completion of any required Know Your Customer (KYC) and tax documentation.
Initiating a Withdrawal
Withdrawals are requested through the Lucid Trading dashboard, where you can specify the amount and preferred payout method. Available options typically include bank transfers, PayPal, and other electronic payment methods.
Processing Times and Fees
Lucid Trading processes withdrawal requests promptly, usually within 3-5 business days. Be aware of potential fees associated with different payment methods, which are clearly outlined during the request process.
Tips for Smooth Withdrawals
- Keep your account and profile information up to date to avoid verification delays.
- Submit withdrawal requests well before any major holidays to prevent processing lags.
- Contact Lucid Trading support promptly if any issues arise during withdrawal.
Conclusion
Understanding the withdrawal process at Lucid Trading ensures you can access your profits without unexpected delays or complications. Staying compliant and proactive with documentation will keep your trading journey smooth and profitable.