Maximum Daily Loss and Total Loss for Quick Accounts

Based on the account balance at the close of each trading day, the maximum daily loss limit is calculated as 4% of the starting balance.

The maximum total loss:

There is still a maximum simulated drawdown of 6% trailing from your highest simulated balance or equity.

A cap on simulated drawdowns at the starting balance is imposed as follows:

When your demo account reaches 6% of the initial simulated balance, a significant alteration occurs. Your trailing simulated drawdown becomes fixed at this point.

The first example is:

Let's say you start with a $100,000 demo account. There is a $96,000 daily simulated drawdown level, and a $94,000 maximum trailing simulated drawdown level. Your trailing simulated drawdown will now lock at $100,000 if you achieve a simulated profit of $8,000, which exceeds 6% of the starting simulated balance. The subsequent simulated balances will no longer be tracked. Simulated drawdown includes profits, losses, swap fees, and commissions associated with closed positions.

A second example would be:

Consider starting with a $100,000 demo account, a daily simulated drawdown level of $96,000, and a maximum trailing simulated drawdown of $94,000. The new daily simulated drawdown level for the next day becomes $100,800 if you realize a simulated profit of $5,000, elevating your demo account balance to $105,000 (computed as $105,000 - 4%). Since the highest recorded simulated balance is $105,000, the maximum trailing drawdown will be $98,700 (computed as $105,000 - 6%).

Resetting the Simulated Daily Drawdown and Maximum Simulated Trailing

Drawdown:

Every day at 22:00 GMT, the daily simulated drawdown is reset. Unless your demo account reaches 6% from the starting simulated balance, the maximum trailing drawdown is always based on the highest recorded simulated balance.