Daily Drawdown Limit:

Maximum Daily Loss: 5%

During a single trading day, the daily drawdown on the account, encompassing both the ongoing results from open positions and the outcomes of positions closed on that day, shouldn't surpass 5% of the initial account balance. Remember, this total incorporates commissions.

Reset Interval:

Every day at 5:00 PM EST, the max daily drawdown gets reset. Post the final balance calculation for the trading day, your dashboard will be updated to display your new Daily Breach Level. This is the threshold that your account equity should maintain to avoid a breach.

Daily Funded Drawdown Regulations:

Below is a chart illustrating the daily drawdown loss alongside the overall max loss based on account sizes.

Overall Drawdown Limit:

Maximum Cumulative Loss: 10% The cumulative drawdown cap is set at 10%. Consequently, to avoid a breach, the account's equity shouldn't drop below 90% of the starting account balance. This applies to both open and closed positions and factors in commissions and swaps.

Account Termination:

Should there be any breach of the aforementioned rules, it will lead to the immediate termination of your trading account, making it ineligible for continuation in the program.

It's pivotal to note that both the daily and max drawdown violations consider commissions, swap charges, and dividends in their calculations.