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: The Daily Drawdown Limit is set at 2% of your initial account balance.
Expert Accounts: The Daily Drawdown Limit is set at 3% of your initial 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%).
What Happens If You Breach the Daily Drawdown Limit?
Once the Daily Drawdown Limit is hit, your account will be closed for trading for the rest of the day to prevent further losses.
This is not a hard breach—you will still be able to resume trading the next day.
Key Points to Remember:
You will not lose your account as long as your balance remains above the required minimum.
Trading can resume the following day after the Daily Drawdown Limit resets.
This system ensures traders are protected from sudden, significant losses while allowing them the flexibility to continue trading responsibly.