Daily and Overall Drawdown
Fundex
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To ensure proper risk management, FundexFX enforces two key drawdown limits on your demo account
2-Step
Daily Drawdown
The daily drawdown is calculated based on your balance at midnight (GMT+1) and is set at 5%.
Example: If your balance at midnight is $10,000 and your equity is $10,450, you would violate the rule if your equity falls to $9,500 or below by the end of the trading day.
Overall Drawdown
The overall drawdown is based on your initial account balance and is set at 10%.
Example: If your initial account balance is $10,000, you will violate this rule if your equity drops to $9,000 or below at any point during the duration of your trading.
1-Step
Daily Drawdown
The daily drawdown is calculated based on your balance at midnight (GMT+1) and is set at 2%.
Example: If your balance at midnight is $10,000 and your equity is $10,450, you would violate the rule if your equity falls to $9,800 or below by the end of the trading day.
Overall Drawdown
The overall drawdown is based on your initial account balance and is set at 5%.
Example: If your initial account balance is $10,000, you will violate this rule if your equity drops to $9500 or below at any point during the duration of your trading.
The daily drawdown is calculated based on your balance at midnight (GMT+1) and is set at 2%.
Example: If your balance at midnight is $10,000 and your equity is $10,450, you would violate the rule if your equity falls to $9,800 or below by the end of the trading day.
Overall Drawdown
The overall drawdown is based on your initial account balance and is set at 5%.
Example: If your initial account balance is $10,000, you will violate this rule if your equity drops to $9500 or below at any point during the duration of your trading.