Payout Requests

As soon as you pass level 3 of your challenge successfully, you are eligible for the first payout and the request-payout button gets enabled automatically.

If the button is enabled in your account, you can request your payout by clicking on the request-payout button, fill out the requested information and send the request to our payout-team. Your request will be reviewed and if all required information is provided, it will be processed. Afterwards the request-payout button will be disabled on your dashboard again until you qualify for your next payout.

For each payout-request you need to create an invoice for the payout-amount and upload it in the request-payout form. Before the first real payout can be performed, you also need to perform a basic KYC due to legal reasons.

You need to wait until you got your payout-confirmation until you are allowed to start trading in your next level. If you start trading on the next level before that, your challenge account might be terminated and is not eligible for any further payouts.

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Detailed Process:

1. Complete KYC/AML verification via https://www.veriff.com/

2. Create an account at https://www.riseworks.io/ – this service handles the signal provider contracts and payments.

3. Sign the Signal Provider Freelancer Contract provided by Rise. Here is a sample contract: sample_contract

4. Create an invoice issued by you to TradersYard for the signal provider services rendered:

   • The invoice must comply with the legal requirements of your country.

   • The invoice must include the following details:

     • Invoice recipient: TradersYard GmbH, Kärntnerring 5-7, 1010 Vienna, Austria, VAT-ID: ATU77254506

     • Invoice sender: The name of the person who paid the challenge registration fee.

     • Invoice date: Date the invoice is issued.

     • Service period: The period from when you purchased the challenge to when you completed the current level.

     • Service description: Performance commission for account number – (your TradersYard account number, format: TC-X-XXXXXX)

     • Amount: Specify the exact payout amount you wish to request.

     • Tax rate: Indicate the applicable tax rate, even if it is 0%. For invoices from the EU, add a reverse charge note if applicable.

You can use tools such as https://invoiceninja.com/, https://runbill.com/, or https://sevdesk.at/ to create your invoice.

1. Payment will be processed via Rise once the invoice you submitted has been reviewed and approved by TradersYard.