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What happens if my FundedNext Account is in profit but I hit the Daily Loss Limit?
What happens if my FundedNext Account is in profit but I hit the Daily Loss Limit?
Updated over a week ago

If your FundedNext account is in profit but you have breached the rule of daily loss limit, you will be eligible for 50% of the profits you made if your trades comply with the following 2 criteria:

  • All of your FundedNext account trades must have SL.

  • You must not lose more than 1% of your account size on any individual trade.

It is important to meet both of these criteria. If you do, you will have a period of seven days following the violation to request a disbursement of 50% of the profits from your suspended FundedNext account.

For instance, let's consider a scenario where you have successfully completed the challenge phase and have received a FundedNext account worth $100,000. Over the span of three days, you made a profit of $3,000 on day 1, $5,000 on day 2, and $4,000 on day 3. This brings your total profit to ($3,000 + $5,000 + $4,000) = $12,000, resulting in a current account balance of $112,000.

However, on day 4, you encountered a challenging trading day and incurred a loss of $5,000 and breached the rules of the Daily Loss Limit. So at this moment, your current account balance is $107,000.

Despite exceeding the daily loss limit, since you are still in profit with $7,000, FundedNext is pleased to offer you a 50% profit share if you meet the aforementioned criteria. Therefore, you will be eligible to receive a profit share of 50% of your $7,000 profit, totaling $3,500.

N.B: Kindly note that this rule solely pertains to instances in which your account is breached as a result of exceeding the Daily Loss Limit. It does not hold relevance in the event of an account breach or suspension due to other activities.

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