Rise (RiseWorks)
A global contractor-payments platform some prop firms use to pay funded traders — supporting local currencies and crypto, with onboarding and tax paperwork handled up front.
Rise (riseworks.io) is a payments and global payroll platform built for paying contractors and distributed teams across borders. It handles onboarding, identity verification, and tax documentation, and it can pay out in local currencies as well as in crypto and stablecoins. Some prop firms use it — or platforms like it — as the rail that carries your profit split from the firm to your bank.
For a funded trader, Rise is not a trading product at all. It’s the payout plumbing. You’ll typically encounter it once, at the moment you become eligible for your first withdrawal, when the firm invites you to create a payments profile.
What that usually involves:
- Identity verification (KYC). Government ID and address confirmation.
- Tax paperwork. US traders are generally treated as independent contractors, so expect a W-9-style step. Non-US traders complete the equivalent foreign form.
- A payout method. Bank transfer in your local currency, or a crypto/stablecoin wallet, depending on what the firm enables.
The practical advice is boring and valuable: do the onboarding early. Complete your payments profile the day your account is funded, not the day you request a withdrawal. Verification can take a little time, and there’s no worse feeling than a payout sitting in a queue behind a document upload you could have done a week ago. Traders who set this up in advance often see money land within days of requesting it.
One accuracy note: which payout provider a given firm uses, and which methods it offers, is firm-specific and changes. Check the firm’s own payouts page rather than assuming.
Handle the admin like a professional and the payouts feel effortless. Read how prop firm payouts work, then compare payout methods and speeds across firms in our directory.