The maximum drawdown, daily drawdown and drawdown type will vary depending on which program you are trading.
INSTANT FUNDING
The maximum drawdown at every stage of the instant funding program is 6%.
This is a RELATIVE DRAWDOWN based on your BALANCE.
EXAMPLE
If you are trading the 10K account, your account balance must not fall below $9,400.
If you reach an account balance of $10,250, your new minimum account balance would be $9,650.
If you then reach an account balance of $10,900 **, your new **minimum account balance would be $10,000.
Once your drawdown reaches 10K, it is then locked in place.
If you then have a loss of -$300 **, putting your balance at **$10,600, your minimum account balance would remain at $10,000.
ONE-STEP
The maximum drawdown for the One Step program including the evaluation phase is 8%.
This is a RELATIVE DRAWDOWN based on your BALANCE.
EXAMPLE
If you are trading the 10K account, your account balance must not fall below $9,200.
If you reach an account balance of $10,250, your new minimum account balance would be $9,450.
If you then reach an account balance of $10,900 **, your new **minimum account balance would be $10,000.
Once your drawdown reaches 10K, it is then locked in place.
If you then have a loss of -$300 **, putting your balance at **$10,600, your minimum account balance would remain at $10,000.
TWO-STEP
The maximum drawdown for the challenge phase is 8%.
The maximum drawdown for the verification phase is 8%
The maximum drawdown for levels 1 - 7 is 8%.
This is a STATIC DRAWDOWN at all levels.
EXAMPLE
If you are trading the 10K account, your account equity must not fall below $9200.