Tax arising on an FPT payout is your responsibility. FPT does not calculate your tax, does not file anything on your behalf, and does not give tax advice.
FPT is a software-based simulated trader evaluation company, not your employer, broker, custodian or adviser. A payout is a company-funded performance payment from FPT to you, and how it is treated for tax depends on where you live and on your own circumstances.
What Is Yours and What Is FPT's
| Responsibility | Whose |
|---|---|
| Determining how a payout is taxed where you live | Yours |
| Registering, reporting and paying any tax due | Yours |
| Keeping records of payouts received | Yours, with FPT's records available on request |
| Providing accurate identity and tax information when asked | Yours |
| Meeting any legal reporting or withholding obligation that applies to FPT | FPT's |
| Giving you tax advice | Nobody at FPT — ask a qualified professional |
FPT Does Not Give Tax Advice
Support cannot tell you whether a payout is self-employment income, other income, or something else in your jurisdiction, and cannot tell you what to declare. Any answer support gave would be a guess about a legal question in a country whose rules FPT has not assessed for you. If you need that answer, get it from a qualified tax professional in your own jurisdiction.
This is not FPT being evasive. It is the same reason FPT will not publish a restricted-country list or name a provider before one is selected: a confident-sounding answer that turns out to be wrong is worse than an honest "that is not ours to answer".
Information FPT May Need From You
Before a payout is released, FPT requires that identity verification is complete and that your account information is accurate. See Identity Verification and Verification Before Funded Activation or Payout.
Where the law applying to a payout requires FPT to collect tax information, report a payment, or withhold from it, FPT will do so and will tell you what is needed. FPT will not invent a requirement that does not apply to you, and will not name a form or a regime before it knows which one applies to your situation.
Supplying inaccurate information to avoid a requirement is a breach of Accurate Account Information and can hold or deny a payout.
Keep Your Own Records
The simplest thing you can do is keep a running record as you go:
- The date each payout was approved.
- The amount approved and the amount received.
- The account it came from.
- The method it arrived by.
Your dashboard holds the FPT-side record, and support can confirm approved payout amounts if you need them for a filing. Doing this monthly is far easier than reconstructing a year at the end of it.
Fees You Pay to FPT Are a Separate Question
Program-access fees, monthly subscription payments and reset fees are payments you make to FPT, not payments you receive. Whether any of them is deductible in your jurisdiction is, again, a question for your own adviser. What those fees are and when they are charged is covered in Monthly Billing and Reset Fees.
Trading Through a Company
If you intend to hold the account, receive payouts or account for them through a company, read Trading Through a Company or LLC first. FPT pays the verified account holder, and the conditions on that are not something a company structure changes on its own.
The Payout Itself
Nothing in this article changes how a payout is earned or paid. Five qualifying days, the 40% cycle consistency rule, the payout cap and the $25,000 aggregate monthly maximum all apply as normal, and approved payouts are processed within 48 hours of approval. The full rule is in Payout Rules and Review.
Still Need Help?
For the FPT-side record of your approved payouts, email support@fundedpredictiontrader.com. For advice on what to do with it, speak to a tax professional.