Funded Account
- Where can I locate the login credentials for my trading account?
- What is the dashboard update frequency and what counts as “official”?
- Does PropXP have a time limit to pass?
- How do I log in to MT5 (server, password, “invalid account” fixes)?
- How fast do I get my account credentials after payment?
- Which program should I choose (Two-Phase vs One-Phase vs Instant Funding)?
- What is PropXP (and is it simulated or live trading)?
- What happens when I pass a Challenge?
- How long before I receive my Funded Account?
- Is the consistency rule measured per phase or across both
- Do open trades carry into phase 2?
- Do limits reset between phases?
- Can I pass/claim with “one big day” (speedrun attempts)?
- How does the Consistency Rule work in PropXP?
- Is there a minimum trading days rule?
- How do profit targets work (balance vs equity)?
- What does “must be flat” mean?
- Is There a Max Margin Rule in PropXP?
- What is the 1% max floating loss rule?
- Slippage & micro-breaches: “I only went over by $0.01”
- Do spreads/commissions/swaps count toward drawdown?
- What time does the trading day reset (timezone) and why it matters
- What is Max Loss (overall drawdown) and is it static or trailing?
- What is Max Daily Loss (daily drawdown) and how is it calculated?
- Market close, holidays, early closes: do rules change?
- Crypto weekend trading: is it treated differently?
- Weekend holding: Allowed? (and what the Weekend Add-on changes)
- Overnight holding: allowed?
- News restricted window: what exactly is blocked (including pending orders)
- What are the consequences of trading restricted news?
- What is the exact definition of “red news” and what is restricted?
- Is news trading allowed? (Challenge vs Funded)
- Is scalping allowed in PropXP?
- Is There a Minimum Holding Time
- Gap trading: What’s allowed vs “holding into close to exploit reopen”
- HFT / latency arb / external feed / system error exploitation: definitions
- Hedging & correlation hedging: what it means (plain English) + examples
- Martingale / grid: allowed, restricted, or “depends how you use it”?
- Third-party access: can someone “help manage” my account?
- Trade copying: what’s allowed vs forbidden
- Are EAs allowed? (what’s OK vs what gets you flagged)
- What are the commissions and swaps in PropXP?
- What is the leverage in PropXP?
- What happens if the dashboard is delayed and I breach “before it updates”?
- Can I modify SL/TP manually if an EA placed the initial SL?
- Platform disruptions (disconnects, freezes, VPS outages): what happens?
- Pending orders around news/weekend: what you must cancel vs can keep
- Do open trades count toward limits (floating PnL)?
- Will I get 100% profit split if you don’t pay my reward in 24 hours?
- How does PropXP define a profitable day?
- Do performance rewards impact my daily drawdown?
- What are the payment methods available for performance rewards?
- Can I request partial rewards?
- What can reduce/deny a reward?
- What is the minimum reward amount?
- How often can I get paid?
- Must stop trading while a reward request is processing
- What are the eligibility criteria for performance rewards?
- How do performance rewards work (and when you can request them)?
- Can I use add-ons to customize my challenge?
- What is the max allocation in PropXP?
- What payment methods are available?
- Can I reset, retry, or restart a failed account?
- Inactivity: what happens if I don’t trade for 30 days
- Multiple accounts: Can I have more than one?
- Refund policy: when refunds are/aren’t possible
What is Max Daily Loss (daily drawdown) and how is it calculated?
TL;DR
Max Daily Loss is your daily equity stop. It’s equity-based, includes floating PnL + costs, and resets at 00:00 AM UTC. Touch it = hard breach. Max daily drawdown in PropXP does not trail intraday.
Important: In PropXP there is no trailing drawdown: Max daily drawdown does not trail intraday (valid for all accounts, including Instant Funding), it is set at the start of the day and it remains the same for the whole day.
How it works: No Trailing Daily Drawdown for all PropXP accounts
- At 00:00 AM UTC, your “day start equity” is set.
- Your daily loss buffer = (Daily % × day start equity).
- If at any moment your equity drops below day start equity − buffer, you breach.
- Equity includes open trades (floating) and costs (commissions, swaps; spreads/slippage impact your equity too).
Common gotchas
- “But I would have closed green later” doesn’t matter. Breaches are moment-in-time.
- If you’re trading near the limit, spread + commission can finish you.
- The reset is 00:00 AM UTC, not your laptop time.
- If you have open trades at reset, your day start equity reflects that (so don’t “roll” big floating drawdown into a fresh day).
- Give yourself a buffer. “I’ll manage it on the fly” kills accounts.
Values table per account type
| Program | Max Daily Loss | Reset time | Basis |
|---|---|---|---|
| Two-Phase (challenge) | 5% | 00:00 AM UTC | Equity (floating included does not trail intraday) |
| One-Phase (challenge) | 3% | 00:00 AM UTC | Equity (floating included does not trail intraday) |
| Instant Funding | 3% | 00:00 AM UTC | Equity (floating included does not trail intraday) |
| Funded (from challenges) | Same risk profile as the program you qualified through (2-Step: 5%, 1-Step: 3%) | 00:00 AM UTC | Equity (floating included does not trail intraday) |
Example
Day start equity on two challenges are both = $52,000.
- Two-Phase daily limit 5% → buffer $2,600 → breach line $49,400.
- One-Phase/Instant Funding daily limit 3% → buffer $1,560 → breach line $50,440.
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