The Maximum Daily Drawdown for BEM Classic – Normal is 4.5% of the Initial Balance. It represents the maximum amount your account may lose within a single trading day before it is considered breached.
This limit is recalculated daily at 22:00 UTC using the following rule:
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Maximum Daily Drawdown = Higher of Equity or Balance at 22:00 UTC − 4.5% of Initial Balance |
If your equity or balance falls below this limit at any time after it is set, the account is considered breached and will be terminated.
Note: The calculation includes open positions, closed trades, commissions, and swap fees.
Example:
- Initial Balance: $10,000
- Higher of Equity/Balance at 22:00 UTC: $10,356
- 4.5% of Initial Balance: $450
- Daily Drawdown: $10,356 − $450 = $9,906
If your equity or balance drops below $9,906 at any time after the limit is set, the account will be breached.
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If you have any questions, please contact our support team at [email protected].