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How do you calculate the Daily Loss Limit?
The Daily Loss Limit is the maximum amount an account may lose in a single trading day. This limit resets each day at 5:00 PM EST. The Daily Loss Limit is calculated using the greater of the prior day’s end of day balance, which includes closed P&L ...
How do you calculate the Max Drawdown (STATIC)?
Maximum drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account, your Maximum Drawdown is set at a defined % of your starting balance. This % is static and does not trail.
How do you calculate the Max Drawdown (TRAILING)?
The Maximum Trailing Drawdown is initially set at a specific % and trails (using CLOSED BALANCE - NOT equity) your account until you have achieved a pre-defined % return in your account. Once you have achieved the % return, the Maximum Trailing ...
Is there a breach for inactivity?
Yes. We will consider you inactive and your account will be breached if you do not have any trading activity on your account for 30 consecutive days.
What is 1 lot equal to on the Trading Platform?
Forex: 1 lot = $100k notional ● Index: 1 lot = 1 Contract Exceptions: SPX500: 1 lot = 10 contracts JPN225: 1 lot = 500 contracts ● Cryptos: 1 lot = 1 coin ● Silver: 1 lot = 5000 ounces ● Gold: 1 lot = 100 ounces ● Oil: 1 lot = 100 barrels