How does Funded7 handle trader withdrawals in terms of payout limits, timing, and payment options?

💡 Answer

Minimum Payout Amount: $100

Days to First Payout: 7:

Payout Processing Time (Days):

Payout Processing

Payout requests are processed within 1 business day. Withdrawals automatically close all open trades, and the account enters read-only mode until processing is complete.

Payout Frequency:

Payout Frequency

Funded7 traders are eligible for payouts every 7 days from the last withdrawal or account creation date. First payout can be requested after 7 days of funded trading.

Note: There is a maximum monthly payout cap of $10,000 per client. Two-Phase NEO accounts can scale this to $12,000 (1.2x) upon reaching the cap.

Payout Methods:Revolut Instant, Crypto (ETH/USDC), Bank Transfer

More information on withdrawal minimums, processing duration, and payout schedules is on Funded7 official website.

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Funded7 vs Crypto Fund Trader vs Funded Prime - Prop Firm Comparison (May 2026)

Side-by-side comparison of Funded7 vs Crypto Fund Trader vs Funded Prime. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated May 2026.

Funded7 vs Crypto Fund Trader vs Funded Prime - Prop Firm Comparison (May 2026)
	Funded7 Funded7 is a Cyprus-based next-generation prop trading firm founded in 2025, offering One-Phase, Two-Phase, Two-Phase NEO, and Instant Funding challenges with account sizes up to $500,000. With trader-friendly rules (no consistency requirements during challenges), static drawdown models, and up to... Visit Funded7	Crypto Fund Trader Crypto Fund Trader (CFT) is a Switzerland-based crypto-first evaluation firm operated via SWISS RLCRATES AG that offers 1-phase, 2-phase, Instant and Ascend models with no time limits on standard challenges, trading via MT5, Match Trader and Bybit, simulated allocations up... Visit Crypto Fund Trader	Funded Prime Funded Prime is a simulated trading evaluation program administered by Radias PTT FZ-LLC. It offers One Phase, Two Phase, Stock Traders, Meme Coin and Bitcoin Maxi challenges, primarily on TradeLocker (with DXtrade also linked as a supported platform resource). Funded-stage... Visit Funded Prime
Overview
Trustpilot Rating	3.6	0	3.6
Trustpilot Reviews	72	0	18
Headquarters	Cyprus	Switzerland	United Arab Emirates
Age (Years)	1	5	3
Max Funding	$500,000	$300,000	$800,000
Profit Split Start	80%	80%	80%
Profit Split Max	90%	90%	90%
Platforms	MT5 cTrader	MT5 Match-Trader Bybit	TradeLocker DXtrade
Assets	Forex (43 pairs: 7 Majors 21 Minors 15 Exotics) Indices (14) Precious Metals (Gold Silver Palladium Platinum) Oil (Energy) (USOIL UKOIL) Energies Crypto (BTC ETH LTC SOL BNB BCH XRP)	Crypto Forex Indices Commodities Stocks	Forex Commodities Indices Crypto Stocks
Leverage
FX Leverage	50	100	50
Metals Leverage	10	100	10
Crypto Leverage	3	100	1
Risk & Drawdown Rules
Max Daily Loss	Maximum Daily LossFunded7 applies different daily loss limits by challenge type: 4% for One-Phase, and 5% for Two-Phase, Two-Phase NEO, and Instant Funding. The daily loss is calculated from the day's starting equity and includes both closed trades and floating P/L. Breaching this limit results in account failure.	Maximum Daily LossCrypto Fund Trader calculates daily drawdown based on equity. For standard evaluations, the daily maximum loss is measured from the starting balance at 12:05 AM UTC. CFT lists the default daily limits as 5% on 2-phase evaluations and 4% on 1-phase evaluations.Add-ons may modify certain limits (for example, a 2-phase add-on that increases daily drawdown to 6%). Ascend also adds a specific news window risk constraint (see “News Trading”).	5
Max Total Loss	Maximum LossFunded7 applies different overall loss limits: 8% for One-Phase (static from initial balance), 10% for Two-Phase and Two-Phase NEO (static from initial balance), and 6% for Instant Funding (static). All drawdown calculations are balance-based and include floating P/L. Breaching this limit results in account failure.	Maximum Overall LossCFT’s standard evaluation structures use different overall loss models:2-Phase: maximum loss is typically fixed at 10% of initial balance.1-Phase: a 6% trailing drawdown applies (equity-based), and once the account exceeds +6% profit, the trailing line locks at the initial balance instead of continuing to trail upward.3-Phase (if selected): CFT states a 5% fixed maximum loss with a 5% daily max loss.Add-ons may increase max loss limits (e.g., a 2-phase add-on raising max loss to 12%).	10
Drawdown Type	Drawdown ModelFunded7 uses a static (balance-based) drawdown model across all challenge types. The maximum loss limit is fixed from the initial account balance and does not trail with equity. On funded accounts, a High Water Mark applies. Both closed trades and floating P/L are included in calculations.	Drawdown ModelCrypto Fund Trader’s drawdown enforcement is primarily equity-based. The daily loss limit resets using the account’s starting balance at 12:05 AM UTC. For overall drawdown, CFT uses static/fixed overall loss on 2-phase challenges (e.g., 10% of initial) and a trailing model on 1-phase challenges (6% trailing that later locks at the initial balance after +6% gain).Accounts that breach max daily, max overall, or trailing drawdown are deactivated and the trader is notified by email.	Drawdown ModelEquity-based drawdown. For One Phase / Two Phase / Stock Traders / Bitcoin Maxi: Max Daily Drawdown is a % of the previous day’s equity snapshot (5% for One/Two/Stock; 3% for Bitcoin Maxi). Max Drawdown is a fixed % of the initial balance (10% for One/Two/Stock; 5% for Bitcoin Maxi). Meme Coin uses a 6.5% trailing drawdown.
Payouts
Payout Frequency	Payout FrequencyFunded7 traders are eligible for payouts every 7 days from the last withdrawal or account creation date. First payout can be requested after 7 days of funded trading.Note: There is a maximum monthly payout cap of $10,000 per client. Two-Phase NEO accounts can scale this to $12,000 (1.2x) upon reaching the cap.	Payout FrequencyIn the final-stage simulation, scholarship requests can be made after at least 15 trading days, or alternatively every 30 calendar days (if rules were not violated). Certain program variants (e.g., 3-phase rules) note a first request possible after 5 trading days, and an add-on may allow eligibility after 7 active trading days.For Instant accounts, CFT also supports a scale milestone: once the account reaches +10% profit, traders can request a “Withdrawal & Update” to both withdraw and double the account size.	Payout FrequencyPayout waiting periods (from account opening / prior payout request) depend on the challenge type:One Phase: 14 daysTwo Phase: 7 daysStock Traders: 14 daysMeme Coin: 14 daysBitcoin Maxi: 14 daysAn add-on (“Prime Payout”) can reduce the payout time to 7 days for eligible plans.
Days to First Payout	7	15	14
Payout Processing Time	Payout ProcessingPayout requests are processed within 1 business day. Withdrawals automatically close all open trades, and the account enters read-only mode until processing is complete.	Payout ProcessingCFT states that once a scholarship is requested, its team verifies the information and sends payment within 48 business hours. After the payment is sent, CFT states the user receives the scholarship in no more than 24 hours (timing depends on the payment rail).	2
Payout Methods	Revolut Instant Crypto (ETH/USDC) Bank Transfer	Bank Transfer (EUR USD) Crypto (USDT ERC20 USDT TRC20 BTC ETH)	USDT TRC20 USDT ERC20 BTC International Bank Transfer
Payments
Payment Methods	Credit Card PayPal Crypto	Credit/Debit Card Crypto (11 supported currencies)	Credit/Debit Cards Cryptocurrencies
Trading Permissions
News Trading	News trading is allowed at Funded7. Traders can trade before, during, and after high-impact news releases for all challenge types and funded accounts. However, Funded7 advises trading news responsibly — excessive risk-taking around major releases that breaches daily or total loss limits will still result in account failure.	News trading is allowed on CFT evaluations according to its FAQ. For Ascend evaluations, CFT adds a news-window constraint: within 2 minutes before and after high-impact news or market opening, accounts must not open/add positions or raise maximum theoretical loss above 2% of initial balance.	News trading depends on the challenge: Two Phases allowed; One Phase, Stock Traders and Meme Coin not allowed within 10 minutes before/after high-impact releases.
Weekend Trades	Weekend holding is fully allowed at Funded7. Traders can hold positions over the weekend without restrictions for all challenge types and funded accounts. There are no requirements to close positions before market close.	Weekend/overnight holding is generally allowed (CFT states it accepts swing trading strategies and keeping trades open over the weekend). Market availability still follows instrument schedules: crypto trades 24/7 while forex is typically Monday–Friday and other CFDs follow their own market hours.	Weekend trading: One Phase, Two Phase and Stock Traders not allowed; Meme Coin allowed.
Copy Trading	Copy trading is strictly prohibited at Funded7. This includes automated copy trading services, 'pass my challenge' schemes, signal services, copy-trade platforms, and any trading that results in identical entries across multiple accounts. Reverse copy trading is also banned.	CFT does not present a simple “copy trading allowed” rule in its public FAQ. However, it explicitly restricts multi-account coordination through rules such as the reverse trading/hedging constraints, and it states that copy trading between Ascend accounts is prohibited (including coordinated or mirrored behaviour that cannot be attributed to chance).	Copy trading from other traders is prohibited; copying from your own personal accounts into your Funded Prime account is permitted if registered under the same email address. (Copy trading is permitted in evaluation stage.)
EA Allowed	EAs are allowed at Funded7, provided the strategy is legitimate and does not exploit system mechanics. However, the following are prohibited: ready-made EAs that result in identical entries for all users, EAs that overload servers with excessive requests, and any automated trading that bypasses the purpose of skill evaluation.	Automation is partially supported: CFT lists categories of prohibited EA types (notably HFT, tick scalping, arbitrage and demo-environment exploitation). EAs that do not fall into these categories are not explicitly banned in the FAQ, but traders remain responsible for ensuring automation complies with all rules.	EAs are allowed for Prime Traders and strictly prohibited for Stock Traders.
KYC & Restrictions
KYC Required	No	No	No
KYC Stage	Funded7 requires KYC verification before the first payout. Documents are submitted via email to support. Required documents typically include government-issued ID and proof of address. KYC is not required to purchase a challenge or start trading – only when requesting the first withdrawal.	KYC is required as part of the scholarship/withdrawal workflow. After a scholarship request is submitted in the dashboard, CFT states the trader receives a contract to sign and a KYC to complete before funds are sent. (Bybit evaluations may additionally be subject to Bybit’s own KYC rules, which are the trader’s responsibility.)	KYC must be completed to be eligible for payouts (Rules and Conditions/FAQs). FAQs note that if a payout exceeds $1,000, required KYC documents must be submitted and approved before requesting a withdrawal.
Restricted Countries	Afghanistan Belarus Cuba Cyprus North Korea Iran Iraq Myanmar Russian Federation Syria Yemen Crimea Donetsk Palestine Palestinian Territory United States Vatican City	N/A	Australia Cuba Iran North Korea Myanmar Russia (including Crimea Donetsk Luhansk regions of Ukraine) Somalia Syria