Max Drawdown
The maximum amount you can lose before your account breaches. For instance, a 10% drawdown means you can lose up to 10% of your account’s equity before it becomes inactive.
Daily Drawdown
This is the maximum amount of equity you can lose in a single day. It functions similarly to the max drawdown but is calculated on a daily basis.
Equity
The total value of a trader’s account, including both the balance and any open positions (floating profits and losses).
Balance
The total amount of virtual cash available in your trading account. This includes all closed-out profits and losses, as well as any deposits and withdrawals.
Payout (Withdrawal)
This refers to transferring the profits you have earned from your demo account to your bank account. For more details, visit our withdrawal information page.
Scaling
Scaling involves increasing your account size. You must achieve a 10% gain in your account balance to qualify for a scale.
Breach
A breach occurs when trading rules are violated, such as when your drawdown exceeds the allowed threshold. When this happens, your trading account becomes inactive and cannot be used again. You can purchase a new trading account from the dashboard.
Spreads
A spread is the difference between two prices, such as the bid and ask prices for a currency pair like EUR/USD. Tighter (smaller) spreads are generally better for traders.