The maximum daily loss is set at 5% of your initial account balance.
Daily Drawdown Limit – 4%
What is it?
The maximum daily loss allowed is 4% 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 4% 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 - $4,000 = $98,000.
$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 - $4,000 = $96,000.
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