How the Drawdown rules work?

Daily Drawdown
You are allowed to have an overall maximum daily drawdown limit of 5% of your initial account balance.
The daily Drawdown limit applies to all the levels of the trading accounts for all the plans.
Our daily drawdown limit specifies that you are permitted to lose 5% of your initial account balance on any given day.
Your daily loss limit = Cumulative PnL of your open and close positions for the day.
This implies that on that specific day, this number should not exceed 5% of your initial account balance.
Max Total Drawdown
You are allowed to have an overall maximum loss limit of 10% of your initial account balance, which is set by the level of your account.
  • Level 1-2 will have a max drawdown of 6% of the initial balance.
  • Level 3-4 will have a max drawdown of 7% of the initial balance.
  • Level 5-6 will have a max drawdown of 10% of the initial balance.
Our total drawdown limit specifies that you are permitted to lose up to 10% of your initial account balance.