On instant accounts:
- When you request your first withdrawal or achieve 8% gain of your starting account balance, your drawdown will be locked at your initial balance, giving you two options:
1. Withdraw all gains: This will result in breaching the account. You will still receive the amount you choose to withdraw, but the account will be breached.
2. Withdraw a portion of the gains: For example, if you made $8,000 on a $100,000 account, you could withdraw $3,000 and leave $5,000 in the account, maintaining a 5% drawdown or vice-versa. This allows you to continue trading with the remaining drawdown.
Ultimately, it's up to you to decide how much to keep and how much to withdraw.
This allows us to protect firm capital and encourages traders to adopt a long-term mindset and compound their accounts to achieve larger-sized payouts.
The maximum drawdown will become static and remain at initial balance after the first withdrawal.