Rule scope and phases
Verify whether each drawdown rule applies to evaluation, simulated funded accounts, or both. Check if continuous compliance is required after passing.
Equity calculation basis
Confirm how the firm defines account equity for limit checks. Determine whether unrealised profit and loss, swaps, and commissions count toward the calculation.
Limit reset mechanics
Examine how daily or trailing limits recalculate. Check whether highest achieved balances, withdrawals, or new account issuances affect limit levels.
Profit concentration conditions
Check whether any rule restricts how much total profit may come from one trading day. Verify whether exceeding such a ratio counts as a breach or merely blocks progression.
Timing and calendar definitions
Confirm timezone usage for day boundaries and limit recalculations. Verify what action qualifies as initiating a trading day.
Sources
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