For 2 Phase Auditions 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.
Please Note: All accounts are subject to the rules regarding daily loss limits and virtual maximum fixed drawdowns that were in effect at the time of purchase. Any changes to those rules made after the time of purchase will not apply retroactively.