Do I have to follow daily loss and overall loss rules?
Traders must stick to the daily loss limit and overall loss limit rule when trading with any of our Funded Forex accounts.
The daily loss limit puts a cap on the maximum losses (realized or unrealized) allowed in a single day, while the overall loss limit sets a maximum on the total losses (realized or unrealized) accumulated over a specified period.
Related Articles
How is the maximum daily drawdown limit calculates? (Prop Specific)
Max Daily Loss is based on the initial account balance. We will use a $100,000 Elite Challenge (8% Max Daily Loss) account for this example: Initial Balance: $100,000 Daily Loss: 8% = $8,000 Starting point for this is the start of the day according ...
What is the maximum overall drawdown limit?
Max Overall Loss is based on the initial account balance and it varies between our Challenge Offerings. Elite Accounts - Step 1 (Evaluation): 11% Maximum Overall Loss - Step 2 (Verification): 11% Maximum Overall Loss - Step 3 (Funded): 11% Maximum ...
What is the maximum daily drawdown limit?
Max Daily Loss is based on the initial account balance and it varies between our Challenge Offerings. Elite Accounts - Step 1 (Evaluation): 8% Maximum Daily Loss - Step 2 (Verification): 8% Maximum Daily Loss - Step 3 (Funded): 8% Maximum Daily Loss ...
How is the maximum overall drawdown limit calculated?
Max Overall Loss is based on the initial account balance. We will use a $100,000 Elite Challenge (11% Max Overall Loss) account for this example: Initial Balance: $100,000Overall Loss: 11% = $11,000 If the trader reaches a $89,000 equity or balance, ...
What is the Prop Firm copy trading rule at Funded Forex? (Prop Specific)
Traders are ONLY allowed to do the following on Challenge and Funded Accounts: -Funded Forex account as a master account copying trades outside of Funded Forex. -Funded Forex account as a slave account receving trades outside of Funded Forex from an ...