The Daily Drawdown Limit at FXIFY Futures is designed to help traders manage risk effectively. It represents the maximum allowable loss in a single trading day. This limit varies based on your account type:
Starter Accounts → 2% of the initial account balance
Expert Accounts → 3% of the initial account balance
Sim Live Accounts → 2.5% of the account balance
How It Works for Starter Accounts
$50,000 Starter Account → Limit is $1,000 (2%)
$100,000 Starter Account → Limit is $2,000 (2%)
$150,000 Starter Account → Limit is $3,000 (2%)
How It Works for Expert Accounts
$50,000 Expert Account → Limit is $1,500 (3%)
$100,000 Expert Account → Limit is $3,000 (3%)
$150,000 Expert Account → Limit is $4,500 (3%)
How It Works for Sim Live Accounts
$15,000 Sim Live → Limit is $375 (2.5%)
$30,000 Sim Live → Limit is $750 (2.5%)
$60,000 Sim Live → Limit is $1,500 (2.5%)
$80,000 Sim Live → Limit is $2,000 (2.5%)
Example: How the Daily Drawdown is Calculated
Suppose you have a $100,000 Expert Account (Daily Drawdown Limit = 3% = $3,000).
At the start of the day, your account balance is $102,000.
The Daily Drawdown Limit applies to the starting balance, so your maximum allowable loss for the day is:
$102,000 – $3,000 = $99,000
This means that during that trading day, your balance must not fall below $99,000.
If it does, your account will be closed for trading for the rest of the day.
The next day, the limit resets based on your new starting balance.
What Happens If You Breach the Daily Drawdown Limit?
Once the limit is reached, your account is closed for trading for the rest of the day.
This is not a hard breach - trading resumes the next day after the reset.