When a trader closes a position (PnL > 0), the system will deduct a pre-estimated profit-sharing amount from the follower's account if the follower has earned a profit and meets the minimum profit-sharing requirement.
The system will calculate the net PnL generated by followers daily, balancing profits and losses through each settlement cycle, and holding the amount in the system's account. The settlement cycle runs from 00:00 UTC on Monday to 23:59:59 UTC on Sunday.
The actual profit-sharing will be recalculated, and settlements for the Elite Trader on that day will be paid out at 03:00 UTC on Monday morning.
If the actual profit-sharing is less than the initially deducted profit-sharing from the follower's account, the excess amount deducted will be refunded (the initially deducted portion) to the follower.
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.