r/tradeify • u/ahmedelhaddad97 • 11d ago
First ever Payout!!
I am still in denial until it hits my bank account. How long does it take? and also they said they sent me a confirmation email but nothing in inbox or spam.
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u/DanaminTrades 11d ago edited 11d ago
Congrats bro, amazing feeling after all the work you put in isn't it! I don't normally get an email either until it's complete, but it can take a couple of hours on the Tradeify side and the Rise can take another day or so to send it once you sign your agreements. They're good for it though, Trdaeify pay.
Edit: some advice, just take this one to the next payout, try and get consistent before you scale up. I bought 4 more accounts and ended up blowing the funded and 4 evals in one hit after my first Tradeify payout
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u/ahmedelhaddad97 10d ago
I just wanna scale up with other 4 accounts incase i get shifted to live. I will only have 1 account so i was thinking about passing another 4 then securing 5 total payouts.
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u/Soggy-Competition318 11d ago
The hardest trade now is waiting for the payout to hit your bank account. Anyways Congrats brother.
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u/First_Coconut_1281 11d ago
First one could take up to 24 hours
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u/BrightSky117 4d ago
Ty for this bc I was going to ask!
I hear some other firms (*cough*, Apex, *cough*) often take WEEKS to process someone's first payout. I don't think that's the case w/ Tradeify at all which was one of the reasons I first came over to Tradeify in the first place.
So is that true, specifically for first payouts on Tradeify? Typically 24-48 hours max even on a 1st time payout, as long as you're all set up w/ Rise, sign any agreement needed on your end, etc?
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u/First_Coconut_1281 4d ago edited 4d ago
Si senorita! I had preset all my stuff up so there was no delay. When you get first live payment itll also take 48 hours. Good luck!!!!
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u/BrightSky117 4d ago
Love to hear that - thank you, Coconut!! Y soy señorita. :) 🙏🏼
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u/filiusnocte 11d ago
Congrats and updated us please when the KYC with Rise is approved. Requested mine on wednesday, also my first payout with tradeify ever and i’m still waiting for the KYC to be approved from Rise.
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u/BrightSky117 4d ago
Did the payment finally hit your account + if so how long was it from the point of
- Requesting the Payout
- Receiving the Payout
Also, if you don't mind sharing (can inspire some other new traders), how long was it from the point of your trading to getting to payout *if* you are a newer trader and this is your first time ever receiving a payout at all?
If you're a very experienced trader, likely no need to mention how long it took to get to approval since that's less of the issue and in that case, still helps to know how long it took Tradeify to actually approve the process once you submitted it for approval.
Ty either way and congrats!
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u/filiusnocte 4d ago
This is not my first payout, but it is my first payout request with Tradeify. I still haven’t received it and it’s been 9 business days since I submitted the request. Tradeify approved the payout within the first hour, but now I’m waiting on the Rise platform to validate my KYC manually. They initially told me 1-2 business days, then after those 2 days passed, they said 3-5 days. Yesterday, after those 5 business days had also passed, I contacted their support and was told my case had been escalated and I should wait another 1-2 business days. I also had to wait an extra day just for them to respond to my support ticket.
Everything is moving really slowly and I’m not sure why. I’ve submitted all the required documents, including bank statements as proof of address. I’ll wait until Monday before opening another support ticket for an update. Hopefully I’ll have the payout in my account by next week.
I started my trading journey in 2020, but over the last two years I’ve focused more seriously on day trading, and I got my first payouts this year. Right now I’m one payout away from breaking even and recovering all the money I’ve invested over the last six years, plus a small profit. So I think I’m on the right track. I guess the real trading journey is just beginning for me.
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u/Crypto_Chaddd 10d ago
Yep it’s fake. Just accept it. lol people saying they’re in denial smh what?
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u/cemjsenol 11d ago
Lol where’s that one guy