The Maximum Daily Drawdown for the BEM Extended account is 4% of the initial balance, representing the maximum amount your account can lose within a single trading day before it is considered breached.
This limit is recalculated daily at 22:00 UTC based on the following rule:
|
Maximum Daily Drawdown= Higher of (Equity or Balance) − (4% of Initial Balance) |
Once set, the Daily Drawdown remains fixed for the entire trading day.
If, after the limit is set, your equity or balance falls below the Daily Drawdown Limit at any time, the account will be considered breached.
Note: The daily drawdown calculation includes floating P/L, closed P/L, swaps, and commissions.
Need help?
If you have any questions, please contact our support team at [email protected].