Withdrawals
If a trader initiates a withdrawal, the Allocation Account is reduced immediately
by the withdrawal amount multiplied by the multiplier amount. Open positions
are not automatically closed. If, however, after the withdrawal, the trader
reaches Maximum Drawdown in their Allocation Account, they may enter
quarantine status.
It is the trader's responsibility to ensure they do not withdraw below the
required amount. If they do, they will drop to quarantine.
Withdrawal at any point during the month will result in the trader forfeiting any
profit gained during that period. The Allocation Account will reset, and the
multiplier will be recalculated based on the current funds in the Axi Select
account and newly reset multiplier.
To avoid any penalties, traders should withdraw once Performance Fees (PFs)
have been paid out and before opening the first position in the new month.
Once PFs are paid out, the trader can choose to withdraw and consequently set
the multiplier for the month before placing a trade. Once a trade has been
placed, the period will be deemed to have commenced, and the multiplier will
be set.