In the 2 Phase Audition Only:
Our Virtual Maximum Fixed Drawdown is the maximum your account can virtually drawdown before breaching your account. The virtual drawdown in the 2 Phase program is fixed, and not a virtual trailing drawdown. The initial level is set at 8% from the starting balance of your account. On a $100,000 account, for example, the virtual drawdown stays fixed at $92,000 no matter how much gains you make. The virtual drawdown never trails with your equity.
Note: Once the first withdrawal is made in a virtually funded account, your Virtual Maximum Fixed Drawdown expires and the initial starting balances locks in.