We offer a maximum drawdown limit of 10%. This means that from the moment you open your account, you cannot lose more than 10% of your starting balance.
For example:
If you start with a $100k account, your maximum drawdown allowance would be $10,000. Your account would be in violation if your balance falls below $90k ($100k – $10k).
Even if you grow your account to $105k, your maximum drawdown remains at $90k, as it is always calculated from the starting balance.
Please keep in mind that this limit on top of the daily drawdown limit, and violating either of those rules will result in account breach.