What are the Rules of Peak Scalp Accounts?

What is the Daily Drawdown Limit?
- You are allowed a maximum daily loss of 5% of your account balance. This means that your losses should not exceed this percentage on any given day. The daily drawdown is calculated based on the account balance at the end of the previous day (broker’s midnight time).
What is the Maximum Drawdown Limit?
- The maximum allowable drawdown is 12% of your initial account balance. At no point during your trading journey should your balance or equity fall below 88% of the initial amount.
What is the Profit Target?
- Stage 1: Achieve a profit target of 8%.
- Stage 2: A profit target of 5% is set.
What is the Minimum Trading Days?
- There is no limitation applied on trading days. you can pass your challenge on the same day as you purchased your challenge.
What is the Floating Loss Rule?
- During the challenge and in the funded account, the Floating Loss Rule of 2% applies only to accounts with balances of $50,000 and $25,000.
What is the Minimum Time for Opening and Closing Trades?
- There is no time limitation for closing positions on this plan.