The Instant Funding Account has a fixed Daily Drawdown Limit of 3%, based on the initial balance.
Example 1:
Account Size: $100,000
Daily Drawdown Limit: $3,000
Day 1:
Starting Balance/Equity: $100,000
Daily Drawdown: $3,000
Stop-Out Limit: $97,000 ($100,000 – $3,000)
Day 2:
Starting Balance/Equity: $106,000
Daily Drawdown: $3,000
Stop-Out Limit: $103,000
Example 2:
End of Day 1 Balance: $105,000
End of Day 1 Equity: $103,000
Daily Drawdown Limit: $3,000
Stop-Out Limit: $102,000 (a further $1,000 loss in Equity would breach the Limit)
