Daily Drawdown: None
Daily Drawdown: None
The daily drawdown limit is determined based on your starting balance or equity, whichever is higher at the beginning of the trading day.
Maximum Drawdown: 3%
Maximum Drawdown: 3%
The maximum drawdown is set to trail 3% below the highest equity your account has reached. As your equity increases, the drawdown limit adjusts to stay 3% below the new high.
Example 1: Equity Increases, Adjusting the Max Overall Loss
Example 1: Equity Increases, Adjusting the Max Overall Loss
Starting balance: $100,000.
During trading, your equity increases by 1%, reaching $101,000, setting a new Highest Watermark (HWM).
The max overall loss is now calculated as $101,000 - 3% = $98,000.
If your equity drops below $98,000, your account will be breached.
Example 2: High Equity Reached During the Day but Closed Lower
Example 2: High Equity Reached During the Day but Closed Lower
Starting balance: $100,000.
During trading, your equity reaches a new high of $104,000, setting the Highest Watermark (HWM).
The max overall loss is updated to $104,000 - 3% = $101,000.
However, you close all trades by the end of the day, leaving your equity and balance at $101,000.
On the next day, the max overall loss ($101,000) also becomes the daily drawdown limit, meaning your account will breach if equity falls below $101,000.
Minimum Trading Days
Minimum Trading Days
7 minimum trading days allows us to better asses your trading style
Profit Threshold
Profit Threshold
You must achieve at least 0.5% profit on 7 separate trading days. These trading days do not need to be consecutive. For instance, if you trade over 10 days, any 7 of those days that meet the 0.5% profit requirement will count.
How Active Trading Days Are Determined
How Active Trading Days Are Determined
Active trading days are based on the Daily Realized PnL.
Daily Realized PnL reflects profits or losses from closed trades on a specific trading day, as it calculates changes in the account balance.
Note: The Results column in the Trader Dashboard is based on equity changes, not realized PnL
Withdrawal Threshold: 6%
Withdrawal Threshold: 6%
The account must reach a 6% profit target in order to withdraw profit.
Leverage
Leverage
Forex & commodities= 1:10
Crypto & Indices= 1:2