The daily drawdown rule caps how much an account can lose within one trading day: 5% of the account size while you evaluate, 3% once the account is funded. Closed trades and open (floating) positions both count, and going past the limit fails the account on the spot.
Key takeaways
- Evaluation: 5% of the account size per trading day, the same on all three programs.
- Funded: 3% of the account size per trading day.
- Floating losses on open positions count, so a trade that later recovers can still breach the rule.
- A breach fails the account. There are no warnings and no partial penalties.
What the rules page says
The trading rules page defines the max daily drawdown as the largest drawdown allowed within one trading day, on closed and floating positions. The drawdown section adds that loss thresholds are measured as a percentage of the account size.
That second line matters for the arithmetic. The limit is a fixed euro figure for your size, not a percentage of whatever the balance happens to be that morning. On a €50,000 account the 5% evaluation limit is €2,500 whether the account is up or down overall.
In the Challenge programs table the page sets the evaluation figure: 5%, the same on all three programs, with funded accounts using the 3% limit.
The limit in euro, size by size
| €10,000 | €500 | Evaluation daily limit. Funded: €300. |
|---|---|---|
| €25,000 | €1,250 | Evaluation daily limit. Funded: €750. |
| €50,000 | €2,500 | Evaluation daily limit. Funded: €1,500. |
| €100,000 | €5,000 | Evaluation daily limit. Funded: €3,000. |
| €200,000 | €10,000 | Evaluation daily limit. Funded: €6,000. |
Look at the gap between the two columns. On €100,000 the daily room goes from €5,000 to €3,000 the day the funded account opens. A position size that sat comfortably inside the evaluation limit can be too large for the funded one. The article on what changes after you pass covers that switch in full.
Why floating losses matter
Because the rule counts floating positions, the check does not wait for you to close a trade. An open position showing a loss is part of the day's drawdown while it is open.
In practice that means two things. First, a trade does not need to be closed at a loss to breach the account. If the open loss, added to what you have already lost that day, goes past the limit, the account fails at that point. Second, a later recovery does not undo it. The rules are checked automatically against your trade history, and the page is explicit that a breach fails the account with no warnings.
An open loss counts the same as a closed one while it is open.
The stop-loss rule interacts with this. Every position needs a stop-loss within 10 minutes of opening, or the position itself breaches. Where you put that stop decides the most a single trade can add to the day's drawdown, assuming the stop fills at its level. The rules page says nothing about fills at the stop level.
A worked example on a €50,000 funded account
You are on a €50,000 funded account. The daily limit is 3%, so €1,500.
In the morning you close two losing trades for a combined €1,000. You have €500 of room left for the day.
After lunch you open one more position, with a stop-loss that would lose €600 if hit. The market moves against you. Before the stop is even reached, the open loss passes €500, and the day's drawdown is now above €1,500. The account fails at that moment, while the trade is still open. If the price turns and the trade closes in profit an hour later, the result is the same: the breach has already happened.
Change one detail. Suppose the afternoon stop had been worth €300 instead. At the stop, the day's losses would still leave €200 of room, and the account survives the day. That is the whole mechanic: the limit is a budget for the trading day, and every open and closed position draws on it.
The same day on a €50,000 evaluation account would have had €2,500 of room, and the first version would have stayed inside it. Same trades, different outcome, only because the limit moved from 5% to 3%.
When does a trading day start and end?
A trading day on Eiger is a UTC calendar day. It starts at 00:00 UTC and ends at midnight UTC, whatever your local clock says. A trader in a UTC+3 time zone who loses €1,000 at 01:30 local time is still inside the previous UTC day, so that loss counts against the previous day's limit.
One detail is not published on the rules page: whether the day's drawdown is measured from the balance or the equity at the start of the day. If your planning depends on it, ask support by ticket in the client portal before you trade on an assumption. Do not fill the gap with how another rule book works.
What the page does fix is the size of the limit in euro and the fact that open positions count. For the other loss limit, the one that runs across the whole life of the account, see the overall drawdown article. For what a breach means once it happens, see what happens when you breach.
Frequently asked questions
What is the daily drawdown limit during the evaluation?
5% of the account size within one trading day, the same on the 2-Step Challenge, the 1-Step Challenge and Pay After You Pass. On a €25,000 account that is €1,250.
What is the daily drawdown limit on a funded account?
3% of the account size within one trading day. On a €100,000 funded account that is €3,000.
Do open trades count toward the daily limit?
Yes. The rules page says the limit applies to closed and floating positions, so an open loss counts while the position is open.
Is the limit a percentage of my current balance?
No. The rules page says loss thresholds are measured as a percentage of the account size, so the limit is a fixed euro amount for your size. The day itself is a UTC calendar day. Whether each day is measured from the opening balance or equity is not published; ask support if you need it.
Do I get a warning before a daily breach?
No. Breaching any rule fails the account, with no warnings and no partial penalties. The full rule set is on the trading rules page.
Read the rules, then pick a program
Every rule that can fail an account is published in full before you pay. Three programs, five sizes, an 80% reward and no time limit on any step.