Forex glossary
Payout
A payout is a payment due under an agreement, such as a prop-program reward. It differs from an on-screen result or withdrawal of one's own broker balance. A simulated program can base rewards on virtual results; eligibility, share and timing are contractual terms.
Illustrative example
How does it work in practice?
Under a hypothetical prop contract, eligible performance is 1,000 USD, the trader's share is 80% and the transfer fee is 10 USD. Net payment is 790 USD if all other conditions are met.
A case to work through
A contractual reward
Model: eligible simulated result 800 USD, share 75%, payment fee 12 USD; other conditions are met.
- The share is 800 × 0.75 = 600 USD.
- After the fee, entitlement is 588 USD; transfer requires separate confirmation.
What follows? Check eligibility and payment status separately.
Example boundary: These invented terms may differ from actual contracts.
A useful distinction
Payout / Realized P/L
Realized P/L is a booked trade result; a payout is a separate contractual payment.
Check your understanding
Separate performance basis, payment entitlement and actual transfer.
Show the answer and explanation
470 USD
600 × 0.80 − 10 = 470 USD.
Accounts, copying and programs
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Read the fuller explanation
Sources and documentation
- FTMO: how the program works
A provider example using simulated capital and rewards, not the fictional exercises’ terms.
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The example illustrates the mechanism. Check current account conditions and instrument specifications with the provider.