Giveaway Accounts are issued as $10,000 Standard Futures accounts and follow the applicable Standard Futures drawdown rules.
Daily Drawdown
There is no Daily Drawdown on Giveaway Accounts.
Traders must instead remain within the applicable EoD Maximum Drawdown.
EoD Maximum Drawdown
Giveaway Accounts use a 3% EoD Trailing Maximum Drawdown.
For a $10,000 Giveaway Account:
Initial balance: $10,000
Maximum Drawdown: 3% = $300
Starting drawdown floor: $9,700
The drawdown is reviewed at 17:00 EST/EDT.
The drawdown floor:
Moves upward when a new highest recorded EoD equity or balance is reached
Never moves downward
Stops trailing once it reaches the initial account balance
Remains fixed once it reaches that ceiling
Example
Your account starts at $10,000, so the initial drawdown floor is $9,700.
If your account reaches a new EoD high of $10,200, the floor moves to $9,900.
If a later EoD high reaches $10,300, the floor reaches the $10,000 ceiling and becomes fixed there.