Prop Firm Drawdown Rules & Daily Reset Times

Two rules fail more prop-firm accounts than bad trading does: the daily loss limit resets on the firm's clock rather than yours, and a trailing maximum drawdown moves up behind your profits, so the line you must not cross keeps moving.

Below is what each firm measures and when its day turns over. Where we have not verified a reset time with the firm, we say so rather than print a number — getting this wrong is how an account dies.

Firms

• FTMO — day resets at midnight Prague time, static drawdown. Static daily loss and maximum loss, reset at midnight Prague — which is not your midnight.
• FundedNext — day resets at midnight Athens time, trailing drawdown (end of day). Trailing drawdown that follows your highest end-of-day balance — so the level that breaches you keeps moving.
• The5ers — day resets at midnight Athens time, static drawdown. A server-midnight day boundary set by a 23:59 snapshot — and what that means for late sessions.
• Topstep — day resets at 17:00 Chicago time, trailing drawdown (intraday). Futures rules: the day starts at the 17:00 Chicago open, and the drawdown trails intraday.
• Apex Trader Funding — day resets at 17:00 Chicago time, trailing drawdown (intraday). Futures evaluations on a 17:00 Chicago day, with a threshold that trails intraday.
• FundingPips — reset time to confirm with the firm, static drawdown. How to find your FundingPips reset time, and track the daily limit against the right clock.

Why the reset time matters so much

If you trade from India, the Gulf or South-East Asia, the firm's day almost certainly rolls over in the middle of your session. A loss taken at 03:00 your time may belong to yesterday's allowance or today's, and the difference decides whether your next trade breaches. Most firms also sit in zones that observe daylight saving, so an offset you worked out once drifts by an hour twice a year.

Static versus trailing drawdown

A static maximum drawdown is measured from your starting balance and never moves: your worst case is known on day one. A trailing one is measured down from your highest balance, so every new high raises the level you must stay above. Until it stops climbing, a trailing floor keeps closing the gap behind every new high, because profit is not what is measured — distance from the peak is.

Track both automatically

The Pips Project applies each firm's own reset clock to your daily limit, follows a trailing floor when the firm trails one, and tells you which limit binds first. See how it works.

Not affiliated with any prop firm. Rules change — always confirm the current terms in your own dashboard. Nothing here is financial advice; see our disclaimer.