Daily Loss Limit
Your Daily Loss Limit is 5% for a Single Account and 4% for an Intraday Account. It is based on your previous day's closed balance, calculated at 00:00 UTC. Results from open positions are not included in that closed balance.
Daily Loss Limit Formula: Single Account
Daily Loss Limit = Previous Day Closed Balance - (Previous Day Closed Balance x 5%)
Daily Loss Limit Formula: Intraday Account
Daily Loss Limit = Previous Day Closed Balance - (Previous Day Closed Balance x 4%)
Example with a $20,000 Single Account:
5% of $20,000 = $1,000
If your previous day's closed balance is $20,000, your Daily Loss Limit is $19,000. This means your equity must not fall below $19,000.
The rule is checked against your current equity, so open positions count.
Common mistake
Trading too close to the official limit and forgetting that open positions can change your equity.