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What is the Daily Drawdown and what are the Daily Drawdown limits for Funded Account Challenges?
What is the Daily Drawdown and what are the Daily Drawdown limits for Funded Account Challenges?
Last updated: December 23, 2024
The Daily Drawdown rule defines the maximum amount you can lose within a single trading day, calculated from your starting equity (including floating profits and losses). This period spans 24 hours starting at 00:00 GMT+3 server time.
What is the Daily Drawdown per Funded Account Challenge?
Fast Track One-Phase Challenge
- 4% (on Phase 1)
- 4% (on Funded Account Phase)
Regular Two-Phase Challenge:
- 5% (on Phase1)
- 5% (on Phase 2)
- 5% (on Funded Account Phase)
Swing Two-Phase Challenge:
- 5% (on Phase1)
- 5% (on Phase 2)
- 5% (on Funded Account Phase)
We calculate your Daily Drawdown limit for you and you can track it in your dashboard by accessing the Challenge Account page.