Check the limit for your purchased plan
Maximum Daily Loss is a fixed allowance calculated as a percentage of the challenge starting balance. The applicable percentage and your current status are shown for the plan you purchased and in your dashboard.
The allowance is not recalculated as a percentage of a later, higher balance. Do not rely on a percentage from another plan; verify the value for your purchased challenge.
How the allowance applies each day
The percentage can differ by plan: current one-phase plans show 3% and current two-phase plans show 5%. Always verify the percentage for your purchased challenge.
Under the Prop Trading Terms and Conditions, the challenge is failed if account equity drops by more than the applicable daily-loss allowance from the day’s starting balance at any point. The day’s starting balance resets at 5:00 pm ET. From that reset, account equity must not drop by more than the fixed daily-loss allowance calculated from the challenge starting balance.
Avoid assumptions near the limit
For example, if a challenge starts at $25,000 and its Maximum Daily Loss is 3%, the fixed daily-loss allowance is $750. The percentage is applied to the $25,000 challenge starting balance—not to a later balance after profits or losses.
Leave room for spread, commission, swap, slippage and fast market movement. At the 5:00 pm ET daily reset, check the new day’s starting balance and the limit shown in your dashboard before taking additional risk.
Source hierarchy
Your purchased product, checkout confirmation and dashboard govern the plan configuration shown for your account. The Prop Trading Terms and Conditions govern legal and trading-rule interpretation. Contact support before trading if those sources conflict.
Check current Prop Trading challenges, rules, and plan details