How does the drawdown work?

You will have an allowed max daily loss (drawdown) of 5% of the daily starting balance. When calculating drawdown, we include all floating losses and profits.

Your max daily loss will reset each day at 5:00 PM Eastern Time.

→ For example, if you start with a $100,000 account your max daily loss will be set at 5% ($5,000). If you end the day with a $4,000 profit your account balance will now be at $104,000. At 5:00 PM Eastern Time your max daily loss will reset and will now be 5% of the daily starting balance which is $104,000. So, your max daily loss for that day is $5,200

You will have an allowed max overall loss (drawdown) of 10% of the initial account balance you purchased. When calculating drawdown, we include all floating losses and profits.
→ For example, if you start with a $100,000 account your max overall loss will be set at 10% ($10,000). This means your account should never exceed below $90,000 in equity at any given time.

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