Frequently asked questions

Cleared Capital is a South African prop trading firm. We give skilled traders access to up to R500,000 in trading capital after they prove their discipline through our 2-step evaluation challenge.

You pay a one-off fee to take the challenge. Pass it, and you get a funded account where you keep 80% of the profits you make. Lose discipline (breach a rule), and the challenge ends.

Two phases:

• Phase 1: Hit a 10% profit target (R50,000) without breaking any risk rules.
• Phase 2: Hit a 5% profit target (R25,000) — the easier confirmation step.

Pass both phases and you become a funded trader. There's no time limit on either phase — trade at your own pace.

The R500,000 challenge costs R2,499 as a one-time fee, paid in rand. No hidden costs, no monthly subscriptions, no inactivity charges.

If you pass, this fee is effectively returned to you with your first profitable payout. If you breach, you can retake the challenge with our RESET20 code (20% off within 14 days).

Anyone over 18 with valid ID and a South African bank account. We're built for SA traders specifically — pricing in rand, payouts via local EFT, support in your timezone.

Traders outside South Africa are welcome to participate, but payouts are processed in ZAR to a verified SA-compatible bank account.

Your trading credentials are typically issued within 5 minutes of payment confirmation, sent to your email. PayFast card payments are instant. EFT payments may take a few hours to clear depending on your bank.

5% of your starting balance — so R25,000 on a R500,000 account. This is calculated on equity (open + closed P&L) at any moment during the trading day.

The daily loss counter resets at 00:00 SAST. If you hit -5% intraday, the account is breached immediately.

10% of your starting balance — so R50,000 on a R500,000 account. This is measured from the initial account balance and never resets.

If your account equity falls 10% below starting balance at any point, the challenge ends.

Yes — 4 distinct trading days per phase. A trading day counts as any day where you place at least one trade.

This prevents passing the challenge on a single lucky trade and ensures consistency.

Your single best trading day cannot represent more than 50% of total profit for the phase. This rule ensures you're a consistent trader, not someone who got lucky once.

Example: if your total profit is R50,000, your best day must contribute no more than R25,000.

Yes — there are no restrictions on holding positions overnight or over the weekend on either evaluation phases or funded accounts. Just be aware of weekend gap risk.

Manual trading is fully permitted. Pre-approved EAs are allowed — but copy-trading, signal services, latency arbitrage, and HFT-style strategies are prohibited.

If you're not sure whether your strategy is allowed, contact support before you start. We'd rather check upfront than void your account later.

Forex pairs, indices (US30, NAS100, GER40, JP225, etc.), commodities (gold, silver, oil), and major cryptocurrencies via CFD. Full instrument list is available on the trading platform.

We use MetaTrader 5 (MT5) — the industry standard. Available as a desktop app (Windows/Mac), mobile app (iOS/Android), and web terminal so you can trade from anywhere.

Yes. We've negotiated institutional-grade pricing through our broker partner — tight spreads on majors and indices, plus low commissions on equities and CFDs. Full pricing schedule is in your platform.

Up to 1:30 on forex, 1:20 on indices, and 1:10 on commodities and crypto, depending on instrument. These limits exist to protect both you and us — you should rarely use full leverage anyway.

Trading remains open during news events. Be aware that high-impact news (NFP, CPI, FOMC) can cause violent price moves and slippage. Trade size and risk should reflect this.

We do not impose news-trading restrictions — trade if you've got an edge there, just manage your risk accordingly.

On-demand — any time you're in profit on your funded account. No minimum trading days, no waiting periods, no required holding times.

Minimum withdrawal amount is R500. Maximum is your full available balance (your 80% share of profits).

80% to you, 20% to Cleared Capital. One of the highest splits in the industry, and the highest in the South African market.

This split applies to every payout — there's no scaling, no quotas, no "earn your way up" structure.

Most payout requests are reviewed and approved within 24 hours. Once approved, EFT processing takes 1–2 business days. Total time from request to funds in your account: typically 2–3 business days.

Yes — all payouts are processed in South African Rand (ZAR) via local EFT. No forex conversion fees, no SWIFT charges, no waiting on international wires.

Yes — payouts are income and are subject to South African tax. We provide an annual statement of payouts to make tax filing easier, but we cannot give tax advice.

Speak to a registered tax practitioner about how to declare prop trading income. Generally it's treated as income, not capital gains, but your specific situation matters.

South African law (FICA) requires us to verify the identity of anyone receiving payouts. KYC also protects you against account takeover and fraud.

You can take the challenge without verification, but you'll need to verify before requesting your first payout.

• Proof of identity: SA ID, passport, or driver's licence
• Proof of address: utility bill, bank statement, or lease (within last 3 months)
• Selfie liveness check — done through your phone in under 60 seconds

Most KYC submissions are approved automatically within minutes.

You can hold up to 3 active challenge or funded accounts simultaneously per identity. Each account is independent and tracks its own progress.

Multiple accounts are useful for trying different strategies, but you cannot hedge or run opposing positions across accounts — that's a violation.

Yes. Two-factor authentication is available, all data is encrypted in transit and at rest, and we follow POPIA-compliant security practices. We never share your data with third parties for marketing.

You get a unique referral code. Anyone who signs up and purchases a challenge using your code earns you a commission — paid out at the same time as your normal trading payouts.

Tiered, based on volume:

• Tier 1 (1-10 referrals/month): 30% commission
• Tier 2 (11-30 referrals/month): 40% commission
• Tier 3 (31+ referrals/month): 50% commission

Your tier resets at the start of each month.

Anyone with an active Cleared Capital account. Whether you're a content creator, influencer, signal provider, or just have a community of traders — you can join.

Sign up in your account dashboard once you're registered.