At OnlyFundsFX, we are committed to building a sustainable trading environment where skill, consistency, and discipline are rewarded. To maintain fairness and align with best risk management practices, all traders using the Quickie Account or Two Round Account must strictly adhere to Daily Loss and Overall Loss limits.
Failure to comply with these rules will result in disqualification from the challenge, regardless of profitability.
🔍 What Is the Daily Loss Limit?
The Daily Loss Limit is a risk control rule designed to prevent traders from suffering excessive drawdowns in a single trading day.
✅ Key Details:
Applies to: Both realized (closed trades) and unrealized (open trades) losses.
Calculation Basis: Always based on your initial account balance.
Limit: Fixed at 5% of the initial balance.
Breaching Rule: If your equity or balance drops below the 5% threshold at any moment during a trading day, you automatically fail the challenge.
💡 Example: Daily Loss Limit
Let’s say you purchased a Quickie or Two Round challenge with a $100,000 initial balance:
Scenario | Equity Drop | Outcome |
Start of day balance: $100,000 | Equity drops to $95,000 | ✅ Within limit |
Start of day balance: $104,000 | Equity drops to $99,000 | ❌ Breach (lost more than $5,000 from initial balance) |
Start of day balance: $98,000 | Equity drops to $92,500 | ❌ Breach (loss exceeds $5,000) |
🔁 Important: The daily loss limit does not reset or change based on the previous day's closing balance. It is always based on the original balance you started the challenge with.
🛑 What Is the Overall (Max) Loss Limit?
The Overall Loss Limit sets the maximum amount you can lose across the entire duration of your evaluation. It includes both realized and unrealized losses and is also based on your initial account balance.
✅ Key Details:
Applies to the entire duration of the challenge.
Limit: Fixed at 10% of the initial balance.
Calculation Basis: Initial account balance and equity.
💡 Example: Overall Loss Limit
For a $100,000 account:
10% of $100,000 = $10,000
If your equity or balance drops to $90,000 or lower, regardless of how many days it took, you will fail the challenge.
This rule ensures that traders maintain overall risk management and avoid long-term losses, not just single-day missteps.
⚠️ Realized vs. Unrealized Losses
Both types of losses are considered when calculating limits:
Realized Loss: You closed a trade in the red.
Unrealized Loss: Your open trade is in negative equity.
Both count toward breaching the rule, especially when your equity dips below thresholds during the day.
📌 Summary of Limits
Rule Type | Limit % | Based On |
Daily Loss Limit | 5% | Initial Balance or Equity |
Overall Loss Limit | 10% | Initial Balance or Equity |
💬 Questions or Concerns?
If you're unsure about how close you are to a breach or would like assistance reviewing your account data, reach out to our Support Team. We're here to help you succeed while trading responsibly.