FAQs page

No, according to our terms and conditions and the rules of the challenge, if your funded account is violated or you fail to pass any of the specified criteria, your account will be deactivated. In such cases, you would not be eligible for to claim your rewards?

It’s crucial to maintain compliance with our terms, conditions, and challenge rules to ensure the continuity of your trading journey. If your account is deactivated, you may need to restart the challenge process to regain eligibility for a funded account and potential rewards.

We take these measures to ensure the integrity and fairness of our trading environment. If you have any further questions or require clarification on our account policies, please feel free to reach out to our support team. We’re here to assist you and guide you through the process.

Upon successfully completing the Evaluation Phases, you become a Funded Player.

1. Becoming a Funded Trader: After passing both phases, you’ll transition into the Funded Player status.
2. Profit Withdrawal Option: If you meet all the criteria and requirements, you’ll have the option to make a withdrawal. This withdrawal includes 70% of the profits generated in phase 3.
3. Profit Split: At this point, you have the choice to either withdraw your earnings at a 70/30 profit split or use them to pad your drawdown amount for the following month.

At Player Profit, we prioritize flexibility and convenience for our traders when it comes to processing your rewards.

Here’s how the payout process works:

1. Payout Options:
   • ACH (Automated Clearing House) Transfer: This option allows you to receive your funds directly into your bank account, ensuring a traditional and secure payout method.
   • Crypto Payout: Alternatively, you have the option to receive your payout in cryptocurrency, offering the advantages of speed and flexibility associated with digital assets.
   • Paypal: Individuals or businesses can seamlessly transfer funds from their PP account to their PayPal account, providing convenient access to their money.
   • Venmo: Facilitate a quick and easy withdrawal straight to your Venmo account.
   • Zelle: Receiving a Zelle withdrawal facilitates the swift transfer of funds directly to an individual’s bank account from another party, enabling seamless access to the money without any additional steps.
2. Choice and Control: The choice between payout options empowers you to select the method that aligns best with your financial preferences and goals.
3. Secure and Reliable: We offer secure and reliable payment processing through many partners, ensuring that your funds are transferred to you in a safe and efficient manner.
4. Tax Season: For United States Citizens, you will receive a 1099 which details out all of the tax documents you need to file your earnings with your state and federal government. For international users, you are solely responsible for adhering to your countries tax laws.

We aim to provide you with a hassle-free and secure payout experience, allowing you to access your trading profits with ease. If you have any specific questions about the payout process or need assistance with payout options, don’t hesitate to reach out to our support team. We’re here to ensure your financial transactions are handled smoothly and to your satisfaction.

We are a fully remote office and team spread out throughout the world. You can contact us by going to our contact section to review all of the ways to get in contact with us. Or just email us at [email protected]

The best way to get in contact for immediate assistance is to join our Discord server and speak with one of our team members in our live help chat. You can join our Discord server here: https://discord.com/invite/playerprofit

Let’s face it, sports trading is difficult and the house stacks the odds against you. As a trader, you will face Sports trading isn’t easy—let’s be honest. The odds are often stacked against you, and traders face significant challenges, such as:

• Limited capital to trade effectively
• Fear of losing money
• Psychological pressures and lack of discipline
• Limited growth opportunities
• Insufficient tools for testing and refining strategies

At Player Profit, we’re changing the game. With access to a PP Account starting at up to $100,000, you can focus on trading without risking your own capital. Generate profits, and you’ll receive up to 70% of those earnings. While sports trading is inherently risky and not every period will be profitable, we provide the tools and support to give you a real edge.

We know what it takes because we’re traders too. With access to cutting-edge trading applications you’ll have the resources to improve and refine your approach.

Discipline is key, and our framework ensures you can manage risk effectively. Our rules are designed to protect you from common pitfalls like over-trading and excessive risk-taking, helping you develop sustainable strategies for success.

And when it comes to profits? You don’t have to choose between growing your account or enjoying your rewards. With Player Profit, you can do both. We offer up to 70% profit payouts on a monthly basis, allowing you to build your account while enjoying your earnings.

It’s time to trade smarter with Player Profit.

Before you decide to accept the Player Profit challenge, we want to make sure you understand the rules.

After signing up via purchasing a challenge, you will be given login credentials and access to our client area to begin showcasing your skill. Your account will be populated with the amount of funds and challenge criteria based on the package purchased. Please review our challenge details and criteria to ensure you understand the rules and requirements.

A prop firm provides traders with access to the firm’s capital, allowing them to apply their own market strategies and earn a share of the profits generated. Traditionally, these firms were exclusive brick-and-mortar establishments, requiring substantial upfront capital from traders and offering access primarily to those with significant experience. These barriers have historically made prop trading inaccessible for most retail traders.

At Player Profit, we’re redefining this model. Here’s how:

1. Accessible Entry:
   Unlike traditional firms, we allow sports traders to participate in our evaluation program remotely for a fraction of the cost typically required. No large capital contributions, no prohibitive barriers—just a straightforward opportunity for traders to prove their profitability.
2. Inclusive and Scalable Model:
   All trading takes place on virtual demo accounts, enabling us to maintain robust risk management across the platform. This structure not only protects the firm but also creates an environment where more traders can succeed without the pressures of risking personal funds.

At Player Profit, we focus on what matters most: your ability to develop and execute a profitable strategy. Our approach eliminates outdated obstacles and creates a pathway for traders of all backgrounds to access the tools, capital, and opportunity needed to succeed.

We accept traders from anywhere in the world. We do not have any special qualifications required other than that users must be over the age of 18 years old, that you understand the risks, rules and regulations, our refund policy, and the terms of use / conditions as well as understand the challenge rules and verification phases.

We do our best to settle trades as soon as possible and usually we are able to do this within 15 minutes of a game’s conclusion. As we are a simulator, we wait for sports books to settle their records accurately. These changes in data feeds sometimes are delayed.

The standard timeframe for the settlement of different types of picks is listed below, although please understand that discrepancies in officially quoted scores may lead to delays:

• Moneyline, point spread and over/under picks: these are usually graded within 15 minutes of a game’s conclusion, providing all official sources are quoting the same score. The maximum time it will take to grade a trade is 2 hours.
• Proposition/ future picks: these are usually graded within 1-2 hours of the end of the event but can sometimes take a little longer.
• Quarter picks and props are usually graded as the specific quarter or event ends, unless we are unable to find three concurrent scores from reliable and official sources. In the event of any discrepancies in results from official sources there may be a delay in the grading of the trades.

Common Reasons Why Trades Remain ‘Open’ on Player Profit

There are several reasons why a picks might still be open on PP:

1. Game Completion Required: Most trades require the official end of the game. Sometimes, even if the outcome seems decided during the game, PP waits for official statistics to grade the trade​.
2. Third-Party Data Delays: PP relies on third-party data providers for trade grading. Any delays from these providers can result in trade grading delays​​.
3. Official Confirmation Pending: PP often waits for final confirmation from their statistics provider before grading a trade. This cautious approach prevents issues arising from changes in official scoring​​.
4. Manual Pick Review: Occasionally, PP may need to manually review certain trades, which can extend the time a trade remains open​​.

How to Respond to an ‘Open’ Trade Status

• Patience is Key: Understanding that delays are often part of the process can help manage expectations.
• Check the Game Status: Ensure the game has officially concluded, as real-time changes can occur.
• Contact Customer Support: If your picks remains open longer than expected, reaching out to PP’s customer support can provide clarity.

Avoiding Concerns with Open Picks

• Stay Updated: Regularly check the status of your trades and any notifications from PP.
• Understand Trading Terms: Familiarize yourself with the specific terms of your trades, as some may have conditions affecting how and when they’re graded.

PP’S Commitment to Accurate Pick Grading

PP aims to provide accurate and timely grading of all Picks. The use of reliable third-party data and thorough review processes underlines their commitment to fairness and accuracy in Pick grading.

Navigating Open Trades with Ease on PP

Understanding why picks remain open on PP is crucial for a smooth picking experience. By familiarizing yourself with the reasons and knowing when to seek support, you can enjoy picking on PP with confidence and clarity.

‍

Simulated Environments

• In order to best service our clients, trading in all stages of the cooperation between Player Profit and the client is via a demo account.
• For the avoidance of any confusion, please keep in mind that a Simulated Funded Account is a fully simulated account with real odds provided from sportsbook providers. The sports trading data is sent off to a partnered proprietary trading firms & capital groups where trades are analzyzed, reviewed, and copied at their own discretion for use in their trading strategies are developed using the data.

NOTE: All Phase 1 & 2, as well as Simulated Funded Accounts, are routed through a simulated feed, therefore simulating real market conditions.

Disclaimer: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. CFTC Rule 4.41

• In accordance with our Terms and Conditions, all traders associated with our challenge and simulated funded programs must be the sole traders of their accounts.
• Due to this, we discourage accessing any trading account via VPN or VPS in order to track the data through our internal systems properly.
• Please note this is common practice for any service that does not allow multiple users on a single account.
• To be clear, this does not mean that you are not allowed to use a VPN or VPS. It just means that if you do, if any potentially malicious activity is found on your account the use of a VPN or VPS will be a highly determining factor of whether you are considered to have violated our terms & conditions.
• That being said, if you are using a VPN or VPS, please ensure that you are not violating anything in our Terms and Conditions including but not limited to having multiple users trading on your account and using any type of automated trading system.

Using a VPS or VPN when Completing the KYC/AML Verification Process

• In order to keep our site secure and protect customers’ data, we must ensure that we collect the appropriate verification information in an accurate and secure fashion. As such, when completing the Know Your Customer (KYC) and Anti-Money Laundering (AML) verification process, we request that customers not use a Virtual Private Network (VPN) or Virtual Private Server (VPS).
• Using a VPS or VPN when completing the KYC/AML verification process may result in your account not becoming funded, and/or any funded account being disabled or breached. We apologize for any inconvenience this may cause and ask that customers take care to follow these guidelines when completing the KYC/AML process with us.
• Please also note that connecting to Virtual Private Networks (“VPN”) and Virtual Private Servers (“VPS”) when completing the KYC/AML verification process is prohibited. If you are connected to a VPS or VPN when completing the KYC process, your account may not become funded, and/or your funded account may be disabled and/or breached if you are discovered to have completed the KYC/AML process using a VPS or VPN.

About Virtual Funds

• After a client becomes a Simulated Player Profit, he/she will be provided with a demo account with simulated funds.
• The account is a fully simulated account with real odds provided from sportsbook providers. The sports trading data is sent off to a partnered proprietary trading firms & capital groups where trades are analyzed, reviewed, and copied at their own discretion for use in their trading strategies are developed using the data.

Disclaimer: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. CFTC Rule 4.41

At Player Profit, we are committed to providing our traders with the most accurate and reliable odds data. To achieve this, we use FanDuel for our odds data. FanDuel is known for its fairness in setting lines and offers a wide range of markets, ensuring that our funded traders have access to quality odds and a diverse selection of opportunities.

By using FanDuel’s odds data, we aim to create a trading environment that closely mirrors real-world sports picking, allowing our traders to make informed decisions and maximize their trading potential.

In the event that the odds are unable to be pulled from FanDuel’s API, Draftkings odds are set as a backup.

If you have any specific questions or need further information about our data sources, please don’t hesitate to reach out to our support team. We’re here to support your trading journey!

Welcome to the Player Profit Challenge! This FAQ is designed to provide you with a clear understanding of the parameters and criteria for success in this exciting phase of our program.

What are the parameters for the Challenge Phase 1?

During Phase 1 of the challenge, participants are required to place a minimum of 20 picks. There’s a 5 day minimum number of trading days.

Are there any specific drawdown limits during the challenge?

Yes, to manage risk, the maximum total drawdown is capped at 15%. This ensures that your trading remains within manageable limits.

Is there a limit on single-day losses?

The maximum single-day loss is capped at 10%. Daily loss is calculated from one days equity to the next.

What’s Considered a pass result for phase 1 of the challenge?

To pass Phase 1, you have two avenues to success:

ROI Achievement: If you meet all the criteria mentioned above and exceed 20% of your challenge balance, you’ve successfully completed phase 1!

What are the parameters for the Evaluation Phase 2?

Similar to Phase 1, during the Phase 2 Evaluation, participants need to place a minimum of 20 picks.

Are there any drawdown limits during the Evaluation?

Yes, the rules from phase 1 apply in phase 2 as well. There’s a strict maximum total drawdown cap of 15% loss of the initial account balance.

Is there a limit on single-day losses during the Evaluation?

The maximum single-day loss is capped at 10% loss over a 24 hour period of the initial account balance.

What constitutes a pass result for Phase 2 of the challenge?

To successfully complete Phase 2 and move a step closer to becoming a player profit:

• ROI Achievement: If you fulfill all the criteria listed above and exceed 20% of your challenge balance, you’ll successfully pass the Evaluation.

To recap, to successfully pass the Evaluation process for both Phase 1 and Phase 2, you must achieve a 20% account increase in each phase. Additionally, you must avoid losing more than 15% of your account overall or 10% within a 24-hour period.

Failing to meet the criteria of this phase will result in account deactivation. If this happens, you’ll have the opportunity to restart your journey from Phase 1 by purchasing a new challenge.

Welcome to Phase 3 of Player Profit journey – the coveted status of a Funded Player. This phase represents a significant milestone in your path towards financial independence through sports trading. Here, we dive into the details of what it means to be a player profit and the privileges that come with this achievement.

Additional Registration Info Required:

To ensure the highest standards of security and compliance, we request additional information from Funded Players:

1. KYC Verification and Documentation
2. A survey about your Trading Challenge experience and process
3. Submission of a valid driver’s license or government ID

Drawdown and Loss Limits:

Consistency and responsibility remain paramount. Funded Players must adhere to:

• Total Drawdown is capped at 15%.
• Single Day Loss is capped at 10%.

Profit Management & Payment Set Up:

Withdrawals are available 30 days after you start the Funded Phase. This provides you with regular intervals to manage your profits and trading strategy.

Funded Players have the flexibility to manage their profits:

• Rollover Profits: Choose to reinvest your profits to provide additional padding for drawdown.
• Withdraw Profits: Opt for profit withdrawal and enjoy the rewards of your successful trading.
• Maximum active funding per account: $300K

For all Funded Players, the maximum funded account size is $300,000. This ample capital enables you to explore larger trading opportunities and enhance your potential earnings.

Account Deactivation and Restart:

While we’re committed to your success, it’s important to note that failing to meet the criteria of this phase will result in account deactivation. If this happens, you’ll have the opportunity to restart your journey from Phase 1 by purchasing a new challenge.

Becoming a Funded Player is a significant achievement – a testament to your skills, discipline, and commitment. We’re here to support you every step of the way, and we’re excited to witness your continued growth and success.

After we sign the contract, you will be receiving up to a share of your achieved rewards on the PP Account, which is taxable income. Our HR and Payroll provider will set up all accounts with 1099s documents during tax season for United States residents. International users are responsible for complying with their local tax laws.

Player Profit Traders will have the same account balance size as chosen for their preceding Player Profit challenge.

After a client becomes an Player Profit Trader, he/she will be provided with a demo account with virtual funds. The Player Profit Account is connected to our Proprietary Trading Firm’s live trading account with real capital. That is one of the ways we generate real cash flow. Clients are entitled to up to 70% of profits generated on the Player Profit Account. This solution is administratively much easier and gives our company the freedom to actively manage risk in certain markets.

We do not have upgrading options so you need to choose the appropriate account size right at the beginning when you are configuring your Player Profit Challenge.

The relationship between a Player Profit Trader and Player Profit is based on the Contract Agreement that we will sign with you after you pass the Player Profit Verification phases. The Player Profit Account Agreement is a legally binding document defining both our and your duties and rights.

What is the process of signing the contract?

Once you meet the Profit Target objective of your Verification (with the recorded losses within the Max Daily Loss and Max Loss limit), the Player Profit Identity section will be unlocked in your Client Area.

In the Player Profit Identity section, you will be able to save your personal details and have them verified by our compliance team. The compliance checks usually take less than 1 business day for personal registrations and up to 3 business days for company registrations.

Once all the information is verified by our compliance team, it will be securely stored in our HR system, ready to be used in case you wish to manage your Player Profit Account(s) or conclude a new Player Profit Account Agreement.

Once you pass your KYC, Player Profit Account Agreement will be unlocked for your review and signing in your Client Area – Player Profit Traders – Contracts. You will be able to read through the contract and use your Player Profit Identity to complete it with just a few clicks.

The Client Area is designed to be intuitive and self-explanatory and to provide most of the necessary information for you, but you can always contact our customer support if you need help or assistance.

The Reward Split on the Player Profit Account is done on a rolling 30 day basis. For example, if a trader starts trading on the 1st of August, the first Reward Split Day will be available the 31st of August, if a trader starts on the 15th of April, the first reward split day will be available 30 days from that start date, in this case that would be May 15th.

An email and website notification will go out when a withdrawal is ready for your approval.

If you selected payouts they are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular Bank Wire Transfer.

We also provide payout options through Crypto, PayPal, Venmo, CashApp, and Zelle.

If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so.

This structure helps us maintain a healthy and sustainable funding ecosystem while still rewarding you for your performance.

* To cover transfer fees, there are specific minimum reward requirements for payouts. For bank wire transfers, a minimum closed profit of $20 is required. For cryptocurrency payouts, the minimum is $50.