Rise payment platform
Rise (Rise Works / Rise Pay)
Firm termsDefinition
A payment platform through which several prop firms pay traders. You open an account and complete identity verification, the firm transfers the payout to it, and from there you transfer to a bank or crypto wallet.
Detailed explanation
Rise is an additional layer between the company and the bank, and therefore involves additional verification, additional fees, and additional transfer time. At Funded Futures Family, for example, fees are determined by Rise Pay and not by the company, and they are displayed before confirming the transfer. What saves trouble: open the account and complete verification immediately upon receiving the invitation, enter bank details with a name that exactly matches the account with the company, and keep the security key in a safe place.
An example from the prop world
At My Funded Futures, after passing the evaluation, you complete KYC, open a Rise account, and request a payout from the dashboard. Payment arrives at Rise within 24 to 48 hours, and from there, you transfer to a bank in Israel.
How it works at the firms on this site
Based on the rules listed on our firm pages. Rules get updated, so check the firm's page before buying.