Is there a daily loss limit?
Updated
This depends on your account type.
EOD Challenge
- Evaluation: none.
- Funded: 2.5% of your starting balance, so $1,250 on a 50K, $2,500 on a 100K, $3,750 on a 150K.
1-Day-Pass-Plan
A daily loss limit applies in both phases, at the same percentage in each.
- 25K: 2.4%, which is $600
- 50K: 2%, which is $1,000
- 100K: 1.5%, which is $1,500
Instant Classic
3% of your starting balance, so $750 on a 25K, $1,500 on a 50K, $3,000 on a 100K, $4,500 on a 150K.
Instant Lite
- 25K: none
- 50K: 2%, which is $1,000
- 100K: 2%, which is $2,000
Flex Challenge
None by default, in either phase. If you turn on the daily loss limit option at checkout, it is $1,000 on a 50K, $1,500 on a 100K and $2,500 on a 150K. It applies in both phases, and hitting it closes the account. See below.
Daily Payouts
A daily loss limit applies in both phases.
- 25K: 2%, which is $500
- 50K: 2%, which is $1,000
- 100K: 1.5%, which is $1,500
- 150K: 1.5%, which is $2,250
What happens when you reach it
On EOD, 1-Day-Pass-Plan, Instant Classic, Instant Lite and Daily Payouts, hitting the daily loss limit is a soft breach, not a hard one. Your open positions are closed and the account is paused for the rest of the trading day. It resumes automatically on the next trading day, and the account is not closed.
Daily Payouts has one extra rule
If you hit the daily loss limit three times within any rolling 30 day period, the third hit is treated as a hard breach and your account is closed. See the Daily Payouts daily loss limit article for how the rolling window works and where to see your count.
Instant Lite also closes the account on a third hit. See the Instant Lite specifications for details.
Flex with the daily loss limit option
On a Flex account bought with the daily loss limit option, the first hit closes the account, in the evaluation or funded. There is no pause and no strike count. See Can I add a daily loss limit to my Flex account?
For the exact figure on your account, check your dashboard.