1. Daily Maximum Drawdown (5%): Your daily trading starts at 23:59 (GMT+3 or GMT+2, depending on daylight saving time). From that point, your account's total net value should not fall below 95% of the previous day's total net value within the same day (i.e., it should not decrease by more than 5%).
2. Maximum Total Drawdown (10%): Your account's total net value should not fall below 90% of the initial challenge amount.
Example of Maximum Total Drawdown:
For example, your initial fund in the challenge account is $5,000 and the profit reaches $6,000. According to the rules, you cannot withdraw the original fund of $5,000, so the system will lock $5,000 as the original fund. When you apply for withdrawal for the first time, you can only withdraw the profit part (that is, $1,000).
Detailed explanation: After you receive the withdrawal application email, it is noted in the email: When you make your first withdrawal request, the maximum drawdown will be locked to your initial balance;
This means that the maximum drawdown will lock the initial funds according to the challenge account you purchased at that time. For example, if your challenge account is 5,000 and the profit reaches 6,000, the system will lock the initial funds of 5,000, and 1,000 is the profit you can apply for withdrawal. Thank you.