The daily loss limit is 2% of your cash balance at the start of each trading day.

At the start of the trading day, at 23:00 London time, your cash balance is set as the daily starting point. Your account equity, including unrealised P&L from all open positions, is then monitored against that level throughout the day.

If your equity falls more than 2% below the daily starting point, the limit is breached.

The daily loss limit does not trail profits. If your account moves into profit, the 2% threshold remains fixed at the original daily starting point. Profitable open positions therefore provide additional headroom, while losing open positions reduce the amount of room remaining.

For example, on a $100,000 account:

• The 2% daily loss threshold is $98,000.
• If your equity rises to $102,000 and later returns to $100,000, there is no daily loss and no breach. The threshold remains $98,000.
• If you are carrying $2,000 of unrealised profit, your equity is $102,000, giving you $4,000 of room before reaching the $98,000 threshold.
• If you are carrying a $1,500 unrealised loss, your equity is $98,500, leaving $500 of room before reaching the threshold.
• Open profits and losses across all positions are combined when calculating account equity.

If your equity falls below the daily loss threshold at any point, the attempt ends. You can reset at no cost and start a new attempt.