Overview
The Funded Drawdown Reset is an exclusive feature available only for Funded Accounts. It offers a streamlined way to reset your account if you hit critical drawdown thresholds, without the need to go through a new evaluation process. By paying a one-time fee, you can refresh your account and continue trading with a renewed setup.
When to Use the Funded Drawdown Reset
Drawdown Thresholds
Max Daily Drawdown: If you reach your maximum allowed drawdown for a single day.
Max Overall Drawdown: If you hit your overall drawdown limit for your account.
Additional Eligibility
If your account balance falls to -5% or higher, you are also eligible to use the Funded Drawdown Reset.
How It Works
Trigger Condition: Once your account reaches either the max daily or max overall drawdown—or drops to -5%—the reset option becomes available.
One-Time Fee: Instead of purchasing a new evaluation, you can pay a one-time fee to reset your account.
Reset Process: After payment, your current account is refreshed. This resets your drawdown limits and provides you with a “clean slate” without needing to undergo another evaluation.
Benefits
Avoid Additional Evaluations: Reset your account without the hassle of retaking an evaluation.
Quick Recovery: Get back to trading faster after hitting drawdown limits.
Risk Management: Helps you manage losses by providing an option to reset before further depletion of your funds.
Steps to Initiate a Funded Drawdown Reset
Monitor Your Account: Regularly check your account performance to see if you’re approaching the drawdown limits.
Review Eligibility: Ensure your account has reached either the max daily drawdown, the max overall drawdown, or has dropped to -5%.
Access the Reset Option: Log into your account dashboard and navigate to the Funded Drawdown Reset section.
Pay the Fee: Follow the prompts to pay the one-time fee required for the reset.
Confirm and Reset: Once the payment is processed, your account will be reset, allowing you to resume trading with refreshed parameters.
Important Considerations
One-Time Fee Service: Remember that the reset is provided for a one-time fee and is designed as an emergency recovery tool.
Account Eligibility: This feature is exclusively for Funded Accounts, so ensure your account qualifies.
Risk Management: Use this reset as part of a broader risk management strategy to help minimize the frequency of drawdown triggers.
Need More Help?
If you have questions or need further assistance regarding the Funded Drawdown Reset, please contact our support team. We’re here to help you understand and make the most of this feature.
By offering a simple and effective way to recover from drawdowns, the Funded Drawdown Reset is designed to support your trading journey. Use this feature wisely as part of your overall strategy for managing risk and optimizing performance.