The maximum daily loss is set at 5% of your initial account balance.
Daily Drawdown Limit – 5%
What is it?
The maximum daily loss allowed is 5% of your initial account balance.How is it calculated?
At 00:00 UTC, we calculate the daily drawdown based on the higher value of either your account balance or equity. We subtract 5% of the initial account balance from this value to set the daily loss limit for the next trading day.
Examples:
$100K Account with $2,000 floating profit at 00:00 UTC:
Account equity is $102,000.
Daily loss limit: $102,000 - $5,000 = $97,000.
$100K Account with $2,000 floating loss at 00:00 UTC:
Account equity is $98,000, but the balance is $100,000 (higher value used).
Daily loss limit: $100,000 - $5,000 = $95,000.
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