Daily Drawdown 1-Step Access

Challenge Stage:

The daily drawdown is 5% of the account’s starting balance of the day.

If your account balance/equity falls below this limit, it will be considered a violation of the rules.

The daily drawdown limit resets at midnight (Broker’s Time).

Funded Stage:

The daily drawdown is 3% of the account’s starting balance of the day.

If your account balance/equity falls below this limit, it will be considered a violation of the rules.

The daily drawdown limit resets at midnight (Broker’s Time).

Example 1:

Imagine you start trading with a $50,000 account and your daily drawdown is 5% ($2,500). If your account balance/equity falls below $47,500 at any point during the day, it will be considered a violation of the rules.

Example 2:

Imagine you start trading with a $50,000 account and you gain a 2% ($1,000) profit. Your daily drawdown will then increase to 7% ($3,500) for that given day. If your account balance/equity falls below $47,500, it will be considered a violation of the rules.

Example 3:

You have a $100,000 account, the maximum daily loss limit is 5% ($5,000), and you have gained $1,000 in profit on that day.

In such case, you will be allowed to lose:

$1,000 (your profit) + $5,000 (your daily loss limit) = $6,000 for that day only.

The next day, your daily loss limit will reset and will be calculated from the starting balance of the day, which is $101,000.