Daily loss limit: 4%

The maximum daily loss limit is calculated as 4% of the starting balance for each trading day, based on the account balance at the daily candle close.

Maximum Loss Limit: 6%

The max simulated drawdown is still set at 6% trailing from your highest simulated balance or equity achieved.

Example

Suppose you commence with a $100,000 demo account. The daily simulated drawdown level is $96,000, and the max trailing simulated drawdown is $94,000. If you realize a simulated profit of $5,000, elevating your demo account balance to $105,000, the new daily simulated drawdown level for the next day becomes $100,800 (computed as $105,000 - 4%). The max simulated trailing drawdown will be $98,700 (computed as $105,000 - 6%) as it trails from the highest recorded simulated balance of $105,000. Similarly, if you attain a simulated profit of $9,000 at any point in time, the max simulated trailing drawdown will be $102,460 (computed as $109,000 - 6%). Notably, simulated drawdown encompasses profits, losses from closed positions, swap fees, and commissions associated with simulated trading.

Watch Your Trades: If your trade increases your account equity by 6% or more but you do not close it and take profits, your balance will not update, and the account may breach the trailing drawdown limit.

Resetting Simulated Daily Drawdown and Max Simulated Trailing Drawdown:

The daily simulated drawdown resets every day at 22:00 UK time. The max simulated trailing drawdown is always based on the highest recorded simulated balance or equity.