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You passed the eval and earned a payout. But how does the money actually reach you? Prop firms use different payout methods — and the one you choose affects how quickly you get paid, what fees you pay, and whether international traders can receive funds at all. Here's the full breakdown.
Speed: 3-5 business days (domestic), 5-10 days (international)
Fees: $25-50 per transfer (sometimes covered by firm)
Availability: Universal — works in almost every country
Best for: Large payouts where speed isn't the top priority. Most reliable for international traders.
Note: Some banks charge receiving fees on top of sending fees. Check with your bank.
Speed: 1-48 hours (once approved by the firm)
Fees: Network fees only (minimal — usually $1-5)
Availability: Global, but requires a crypto wallet
Best for: International traders, speed-focused traders, and those wanting to avoid bank wire fees.
Note: You'll need to convert to fiat currency yourself. Tax implications apply in most jurisdictions.
Speed: 2-3 business days
Fees: Usually free
Availability: US bank accounts only
Best for: US traders wanting free, reliable, automated deposits.
Note: Not available for international traders. Not all firms offer ACH.
Speed: 1-5 business days depending on service
Fees: Varies by service (Deel charges 0-2%, RISE varies by withdrawal method)
Availability: Global — designed for international contractors
Best for: International traders who need local currency conversion without crypto.
Note: Requires creating an account with the third-party service. Some services hold funds for processing.
| Method | Speed | Fees | Global? | Best For |
|---|---|---|---|---|
| Wire | 3-10 days | $25-50 | Yes | Large payouts |
| Crypto | 1-48 hours | $1-5 | Yes | Speed + low fees |
| ACH | 2-3 days | Free | US only | US traders |
| Deel/RISE | 1-5 days | 0-2% | Yes | International traders |
US trader wanting free payouts: ACH if the firm supports it. Otherwise, crypto for speed or wire for larger amounts.
International trader: Crypto is usually fastest and cheapest. Deel/RISE if you prefer local currency without managing a crypto wallet.
Large payouts ($5,000+): Wire transfer is most reliable for large amounts. The $25-50 fee is insignificant relative to the payout.
Frequent small payouts: Crypto minimizes fees per payout. Wire fees on weekly $500 payouts would eat into your profit.
Many firms require $100-500 minimum for a payout request. Check this before assuming you can withdraw small amounts frequently.
Some firms only process payouts on specific days (e.g., Tuesdays, bi-weekly). Missing the window means waiting another cycle. Compare payout speed across firms.
Your first payout usually requires identity verification (KYC). Have your ID and proof of address ready. This process can delay your first payout by 1-3 days.
Prop firm payouts are typically taxable income. Crypto payouts may have additional reporting requirements. Consult a tax professional familiar with prop trading income.
Common methods include bank wire, cryptocurrency (BTC/USDT), ACH direct deposit (US only), and third-party platforms like Deel or RISE. Each firm offers different options — check their profile page for specifics.
Crypto payouts are generally fastest (1-48 hours once approved). ACH takes 2-3 business days. Wire transfers take 3-10 business days.
Varies by firm and method. Some cover all fees. Others pass wire fees ($25-50) to traders. Crypto fees are usually minimal ($1-5 network fees).