Public policy updated: 27 October 2026
Daily and trailing are separate limits
Programme fees checked 27 October 2026. These are stored base fees and calculated campaign prices; confirm the selected checkout total and add-ons before paying.
Programme and stage | Daily value in account records | Trailing allowance | Overall balance loss |
Funded2 1-Step: evaluation and funded | 0% | 4% | 8% |
Funded2 2-Step: both evaluations and funded | 5% | 0% | 10% |
PAP 1-Step evaluation | 8% | 0% | 15% |
PAP funded $10K | 0% | 3% | 6% |
PAP funded: other catalogue sizes | 3% | 3% | 6% |
Instant funded | 0% | 3% | 6% |
Standard 1-Step, PAP funded and Instant use a trailing limit together with an overall maximum loss limit, with no separate daily loss limit. The maximum drawdown trails the peak. PAP evaluations and standard 2-Step retain their separate daily limits. Older PAP funded account records show a daily value of 3% except $10K at 0%; those older values should not be read as an additional daily limit on the trailing programme. If your dashboard or agreement shows different figures, ask support to confirm the limits, calculation and withdrawal treatment applicable to your account before trading. This programme description does not confirm how a particular account is being monitored.
PAP evaluation versus funded
PAP evaluation has a 4% target, an 8% daily field and a 15% overall balance-loss limit. Funded PAP has a 6% overall limit and 3% trailing allowance; the raw daily field varies as shown above. Do not carry the evaluation's 8% daily allowance into the funded stage.
If you reach an account limit
Both closed and floating losses matter under the applicable account settings. A drawdown breach can fail an evaluation or close a funded account. Monitor your dashboard and ask support to confirm the account's calculation, reset time and breach level; this article does not certify the deployed calculation.
This public policy wording does not retroactively regrade trades or remove existing contractual rights. Ask support to confirm the terms applicable to an existing or legacy account.