Daily Drawdown is the maximum permitted loss within one trading day. At 17:00:00 New York Time each day, the daily drawdown threshold is recalculated based on the previous day’s closing balance.
Open equity and floating losses are included. A Daily Drawdown breach is a Hard Breach and causes immediate account closure with no warning and no Strike.
Account type | Daily Drawdown |
1-Step Challenge | 4.0% |
2-Step Challenge | 4.5% |
1-Step Pro | 4.0% |
2-Step Pro | 5.0% |
Instant Funding Standard | 3.5% |
Instant Funding Lite | 3.0% |
Related Terms: Section 7.3
