Does FXIFY's Maximum Daily Loss include unrealized losses?

Yes, FXIFY's 4% daily loss limit includes both closed trades and floating/unrealized losses. Your account will be terminated if your total equity drops 4% below the previous day's ending balance, even if you haven't closed the losing positions.

What happens if I breach the Maximum Daily Loss?

FXIFY immediately terminates your account upon breaching the 4% daily loss limit. There are no warnings or grace periods - the breach results in automatic disqualification from both challenge and funded accounts.

When does FXIFY's daily loss limit reset?

The daily loss limit resets at midnight server time each day. The new 4% limit is calculated from whatever your account balance was at the end of the previous trading day, not your original starting balance.

Is FXIFY's daily loss calculated from account balance or equity?

FXIFY calculates the 4% daily loss limit from your account equity (balance plus floating P&L). The limit is based on the previous day's ending equity, and both closed losses and open position losses count toward this threshold.

Updated 2026-04-17

FXIFY Maximum Daily Loss Rule Explained

FXIFY

Quick Answer

FXIFY's Maximum Daily Loss rule limits traders to losing 4% of their account balance per day.

The 4% limit is calculated from the previous day's ending balance and includes both closed trades and floating losses. Breaching this threshold results in immediate account termination, regardless of whether you're in the challenge or funded phase.

Key Rule Details

Limit

Dollar Value ($100,000)

$4,000

Includes

Open + Closed P&L

Resets

Daily

Breach

Account terminated

Calculation Example

Account Size: $100,000 — Maximum Daily Loss: $4,000

Account Size	$100,000
Maximum Daily Loss Limit	$4,000
Scenario: Closed P&L	$-1,120
Scenario: Floating P&L	$-2,080
Total Exposure	$-3,200
Remaining Buffer	$800

Limit used:80%

Common Mistakes

Ignoring Floating Losses

Many traders focus only on closed trades while holding large unrealized losses. If you're down $1,500 in closed trades on a $50,000 account and have $500 in floating losses, you've hit the $2,000 daily limit even without closing the losing position.

Using Yesterday's Balance Wrong

Traders often calculate from their starting account size instead of yesterday's ending balance. On a $100,000 account that ended yesterday at $98,000, your daily limit is $3,920 (4% of $98,000), not $4,000 from the original balance.

Weekend Gap Violations

Opening positions before weekend closes without considering gap risk. A position that's safe on Friday can gap beyond the 4% limit on Monday's open, causing immediate account termination before you can react.

Multiple Small Losses

Taking several 1-2% losses throughout the day without tracking the cumulative total. Four separate 1% losses equals 4% daily loss, triggering a breach even though each individual trade seemed manageable.

Protection Strategies

Set Personal 3% Daily Limit

Stop trading when you reach 3% daily loss, giving yourself a 1% buffer before FXIFY's 4% limit. On a $50,000 account, stop at $1,500 loss instead of pushing toward the $2,000 firm limit.

Use 1% Maximum Risk Per Trade

Limit each trade to 1% risk maximum, allowing only 3-4 losing trades before approaching the daily limit. This prevents single large losses and gives you multiple opportunities while staying within the 4% boundary.

Set Account Balance Alerts

Configure your trading platform to alert you at 2% and 3% daily losses. These early warnings help you reassess your strategy and avoid the emotional trading that often leads to breaching the 4% limit.

Avoid High Impact News Days

Reduce position sizes or avoid trading entirely during major news events like NFP or FOMC announcements. Market volatility during these events can cause rapid moves that exceed your 4% daily limit within minutes.

Related Rules

Maximum Total Loss

10%

→

Profit Target (Phase 1)

10%

→

Profit Target (Phase 2)

→

Payout Split & Schedule

80% (up to 90%)

→

FXIFY Comparisons

Fundednext vs Fxify Ftmo vs Fxify Fundingpips vs Fxify The Funded Trader vs Fxify

Frequently Asked Questions

PropSize iOS App

Position sizing without the spreadsheet.

Firm rules built in

FTMO, FundedNext and FundingPips pre-loaded. No manual entry.

Remembers your session

Last firm, account size, and instrument saved between opens.

Works offline

Calculate positions without internet. Gold contract sizes handled.

Disclaimer: This guide is for informational purposes only and does not constitute financial advice. Prop firm rules change regularly — always verify current terms on FXIFY's official website before purchasing a challenge. Updated 2026-04-17.