On instant accounts:
When you request your first withdrawal or achieve 8% gain of your starting account balance, your trailing drawdown will be locked at your initial balance and will remain static, 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 as drawdown 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. Building gains before your first withdrawal increases your buffer against breaches, providing greater flexibility in volatile conditions.
The maximum drawdown will become static and remain fixed at the initial balance after the first withdrawal or once 8% in gains has been achieved.