Maximum Daily Drawdown: The Daily Drawdown limit trails according to your Maximum Balance Watermark and does not reset at 5 PM EST. The limit is always 4% of the highest Balance Watermark (which is the last highest recorded Balance the account has seen) (see example below)

Example 1:

If you have a 100k 1-Step Turbo Challenge, your Daily drawdown will be 4% of 100,000 to $4000.

Day 1: Start of the day simulated Balance/Equity: $100,000 Allowed Daily Drawdown: 4% of 100,000 = $4,000 i.e. the stop-out limit becomes $96,000

However, if during the day, the balance increases to $102,000, the Daily drawdown limit will now be trailed according to 4% of $102,000. Therefore, the stop-out limit changes to $102,000-$4,080 = $97,920

Example 2:
Day 1: End of the day simulated Balance is $105,000 and end of the day simulated Equity is $103,000. The daily Drawdown limit is 4% of $105,000 which makes it $105,000-$4,200 = $100,800 i.e., a further $2,200 loss in Equity would breach the Daily Drawdown Limit.

Overall Drawdown: The Overall Drawdown Limit for the 1-Step Turbo Challenge is 6%. However, the two key things to note are:

1 – The Overall Drawdown also trails according to your Maximum Balance Watermark and does not reset at 5 PM EST. The limit is always 6% of the highest Balance Watermark (which is the last highest recorded Balance the account has seen) (see example below) 2 – Once 6% profit is achieved on the account, the Overall Drawdown limit is fixated to the initial account size and highest recorded balance no longer applies (see example below)

For example: If you have a 100k 1-Step Turbo Challenge, your Overall Drawdown for the first day will be 6% of $100,000 i.e. the stop-out limit becomes $94,000 Start of Day 1: Start of the day simulated Balance/Equity: $100,000 Allowed Overall Drawdown: 6% of $100,000 = $6,000 i.e., the stop-out limit becomes $94,000

During Day 1: if the simulated profits are realized and the Balance reaches $102,000, the Overall Drawdown Limit has now trailed up from $94,000 to $95,880 [$102,000 – (6% of $102,000]

Day 2: Start of the day simulated Balance/Equity: $101,000 Allowed Overall Drawdown: 6% of $102,000 = $6,120 i.e., the stop-out limit stays at $95,880 [$102,000 – (6% of $102,000] This is because the simulated Balance has dropped by $1,000 from $102,000 to $101,000. However, the highest recorded Balance is still $102,000 so it will only trail from this figure until a higher Balance is recorded.

Day 3: Start of the day simulated Balance/Equity: $107,000 Allowed Overall Drawdown: $107,000-$100,000 = $7,000 (As after achieving 6% simulated profit, the overall drawdown limit is fixed to the initial balance)

The Simulated Profit target for the 1-Step Turbo Challenge is 10%.
Example: If an account size of $100,000 is purchased, The profit target will be $10,000 which is 10% of $100,000.
Auto Close Feature
Our Auto close feature automatically closes your trades when you hit the percentage target profit of the challenge, However, it should stay above the profit target for more than 30 seconds and not fluctuate back and forth as metaquotes send data back to our system every 30 seconds. When we receive the information that your equity is above the profit target, we close all the trades, and the objective will be met.

The Profit split offered in the Simulated Turbo Funded account is 80%. It increases to 90% if the account is eligible for a scale-up or if the account is purchased with a 90% profit split add-on. Check our add-on details for more information.

“All Account sizes in Turbo Challenge have the same leverage. The leverage for each market is as follows:
Forex: 1:100 Commodities: 1:20 (includes Metals and Energies) Indices: 1:20 Cryptocurrency: 1:2
Note: Leverage stays the same for Simulated Challenge phase and Simulated Funded accounts.“

Simulated Turbo Funded accounts can ONLY be merged if they are both fresh without a single trade placed on each. Please note that we do not merge simulated Turbo Funded accounts after payouts.

Two key things to be aware when requesting a payout from Simulated Turbo Funded account are as follows:

1 – Any withdrawal requested with less than 6% profit will have the Trailing Drawdown limit of 6% of the highest recorded Balance. Example 1: (Below 6% profit) Account size: $100,000 Current Simulated Profit achieved: 4% i.e., $4000 Highest recorded Balance: $105,000

The Trailing Drawdown becomes: [$105,000 – (6% of $105,000)] = $98,700

Scenario 1: If you request a full withdrawal of simulated profits of $4,000, the remaining limit for the day would be [$100,000 (Balance reset after withdrawal) – $98,700] = $1,300 Scenario 2: If you request a partial withdrawal of simulated profits, for instance, $2000 instead of $4,000, now the available drawdown becomes $3,300.

2 – Any withdrawal requested with a 6% simulated profit will have a fixed Trailing Drawdown limit of $100,000. Example 2: (At 6% profit) Account size: $100,000 Current Simulated Profit achieved: 6% i.e., $6000 Trailing Drawdown is now fixed at Initial Balance i.e., $100,000

Scenario 1: If you request a full withdrawal of simulated profits of $6,000, the remaining limit for the day would be [$100,000 (Balance reset after withdrawal) – $100,000 (fixed limit at 6% profit)] = $0. Therefore, there will be no available Overall Drawdown limit left and this would result in a breach of account.

Scenario 2: If you request a partial withdrawal of simulated profits, for instance, $4000 instead of $6,000, now the available drawdown becomes $2,000 accordingly and this would not result in a breach of account.