FXIFY

1. How do you calculate the Max Trailing Drawdown? (1 & 2 Phase)
Maximum Trailing drawdown is the maximum your account can drawdown before you would hard breach your account. When you open the account (1 Phase), your Max Trailing Drawdown is set at 6% of your starting balance. This 6% trails your High Water Mark until you reach 6% profits in your account. Once you have achieved 6% in your account the max trailing locks in at your starting balance, and no longer trails your account. Please see below different scenarios: Please note that the max drawdown for 2 Phase challenges is 10%, the below examples are for 1 Phase. Example 1: If you start with a $100,000 account your max overall loss will be set at 6% ($6,000). This means that your account should not go below $94,000 in equity at any given time you will be in violation. Example 2: If your account balance reaches $105,000, your max drawdown will be set at $105,000 – $6,000 = $99,000. This means your account should not go below $99,000 in equity or balance at any given time. Example 3: If your account balance reaches anything above $106,000, your max trailing drawdown will be locked in at $100,000. This means your account should never go below $100,000 in equity or balance at any given time. Example 4: If your account balance reaches $110,000, your max trailing drawdown will still be locked in at $100,000, giving you a 10% overall drawdown amount on the account. Example 5: If your account balance $106,000, your max trailing drawdown will still be locked in at $100,000. This means if the following day you drawdown to 102,000. Your max trailing drawdown will still be at $100,000.2. What are the rules for the Assessment account?
1 Phase Account: Profit Target – Phase 1 – 10% Daily drawdown – 3% (Based on previous day balance) Max total Drawdown – 6% Trailing (Based on High water mark) https://fxify.com/faqs/all-faqs/how-do-you-calculate-the-max-trailing-drawdown/ This link is important for one phase live funded withdrawals: Min Trading Days – 5 days (For all the accounts) Max Trading Days – Phase 1 – Unlimited days Leverage – Indices 10:1, Stocks 2:1, Crypto 2:1 Forex 30:1 (50:1 with an addon) Refundable fee – 100% of the amount you paid. Performance protect – Performance protect helps you protect your profit when you breach you can still place a withdrawal3. What are the rules for the Funded account?
The rules for the Funded account are exactly the same as your Assessment account. Please note that the 1, 2, and 3 phase assessments have different parameters and drawdown rules so make sure you check which is best for your trading strategy. However, with a Funded account, there is no cap on the performance you can achieve.