The full answer
The reset time applicable to your account is displayed within the trading environment/dashboard.
Do not assume that the limit resets at midnight in your local timezone.
Drawdown & risk
When does the Daily Loss Limit reset?
At the reset time shown in your trading environment and dashboard - do not assume it is midnight in your own timezone.
Related questions
Drawdown & risk
Can commissions and trading costs affect my Daily Loss Limit?
Yes. Trading costs affect account performance and should be allowed for when managing your risk.
Drawdown & risk
Does a new day mean yesterday's losses disappear from my overall drawdown?
No. The Daily Loss Limit and Maximum Drawdown are separate rules - the daily calculation resets while your overall drawdown position does not.
Drawdown & risk
What happens if I exceed the Daily Loss Limit for only a few seconds?
If the account crosses a hard breach threshold it can be considered breached, even if the market reverses immediately afterwards.
Drawdown & risk
Should I trade right up to the Daily Loss Limit?
We strongly advise against it.
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