How it works, from purchase to payout
From purchase to your first payout, step by step, with the values of the tier and size you choose.
Your plan's values
On EXL Flex 50K, the path has two phases: the evaluation, where you show your method on a US$ 50,000 account, and the funded account, where each completed cycle becomes a payout.
Step by step
- 1
Purchase
You choose the tier, the size and, if you want, add-ons. The rules are recorded in your purchase's Rules Sheet, and that is what applies to your account.
- 2
Release
The account is usually released right away, and at most within 72 business hours. You receive an e-mail with the steps to access the BlackArrow platform.
- 3
Evaluation
You trade until you reach US$ 3,000 in profit, without hitting the Max Loss Limit (US$ 2,000) and following the plan's other rules.
- 4
Passing
Met every rule? You don't need to ask: after the session closes, EXL checks the account and replies within 1 business day.
- 5
Funded account
Once you pass, you get a new funded account of the same size, and the evaluation account is closed.
- 6
Payout cycle
Have 5 days with a profit of at least US$ 200 in the cycle, with 30% payout consistency.
- 7
Payout
Request it in the dashboard; the review is completed within 1 business day. Your profit split is 80%, rising to 90% after US$ 5,000 withdrawn from the account.
- 8
Live account
After the 5th payout, EXL reviews your account for a possible invitation to a live account. An invitation is not guaranteed.
Your plan's numbers
- Starting balance
- US$ 50,000
- Evaluation target
- US$ 3,000
- the balance reaches US$ 53,000
- Max Loss Limit
- US$ 2,000
- EOD (end of day) drawdown
- Profit split
- 80%
- 90% after US$ 5,000 withdrawn
What can fail or close the account
- In the evaluation, hitting the Max Loss Limit fails the account.
- In the funded account, hitting the Max Loss Limit closes the account.
- 30 calendar days without trading close the account, whether evaluation or funded.
- Breaching the conduct rules can close the account.
If it doesn't work out the first time
Failed the evaluation? You can request a reset within 7 days, for 60% of what you paid for the plan and add-ons, and start over with the same rules.
Frequently asked questions
Related articles
- Sprint, Flex, Pro or Direct: which one to chooseThe differences between the four EXL Funding tiers and who each one is for, with the values of the size you choose.
- Max Loss Limit (MLL) and EOD drawdownHow much the account can lose in total, how the floor rises with the end-of-day close and the funded account lock.
- Payouts in the funded account: when and how muchThe payout cycle step by step, the cap on each payout, the profit split and a simulator with your plan's values.
Launch values, updated automatically.
For your account, the Rules Sheet recorded at your purchase always prevails, in My Accounts.
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