Maximum daily drawdown:

Both Phase 1 and Phase 2 accounts use static drawdown. The intraday drawdown for the Phase 1 account is 4%, and the intraday drawdown for the Phase 2 account is 5%.

The following are the specific definitions:

Maximum daily drawdown: This is based on the account's closing equity at 23:59 (GMT+3 or GMT+2 (depending on server summer or winter time)) on the previous day. Phase 1 account equity must not fall below 96% of the previous day's total equity (i.e., it should not fall by more than 4%); Phase 2 account equity must not fall below 95% of the previous day's total equity (i.e., it should not fall by more than 5%).

 

Total account drawdown:

Phase 1 accounts use dynamic drawdown, meaning the account's net value must not fall below 94% of the account's historical peak balance until the maximum drawdown amount reaches the initial account balance. At that point, the maximum drawdown amount will remain at the initial account balance.

Phase 2 accounts use static drawdown, meaning the account equity must not be less than 90% of the initial amount at any time.