What floating loss is
Floating loss is the unrealised loss on all your open positions at one moment: what you would lose if every trade closed right now. Prop firms also call it floating risk or open loss. A max floating rule (max floating loss rule) caps it as a share of your balance, whatever the day’s result so far.
Formula
open loss ≤ 2% × current balance, checked on every tick
The limit on every size
| Account | Two-step max open loss | One-step |
|---|---|---|
| $1,000 | $20 | No floating-risk rule |
| $2,000 | $40 | No floating-risk rule |
| $3,000 | $60 | No floating-risk rule |
| $5,000 | $100 | No floating-risk rule |
| $10,000 | $200 | No floating-risk rule |
At the starting balance. The limit is a share of the current balance, so it grows as closed profit grows the balance.
What a 1% max floating rule means
Traders often meet this rule as a "1% max floating rule" or "max floating loss 1%": the combined open loss may never be more than 1% of the balance. On a $10,000 account that is $100 open at any one moment. At 2%, the FundedTick two-step allows $200 on the same account.
| Account | At a 1% rule | At 2% (FundedTick two-step) |
|---|---|---|
| $1,000 | $10 | $20 |
| $2,000 | $20 | $40 |
| $3,000 | $30 | $60 |
| $5,000 | $50 | $100 |
| $10,000 | $100 | $200 |
Open loss allowed at one moment, at the starting balance.
Your own numbers
Balance and cap to a dollar limit, and the largest EURUSD position that keeps a given stop inside it.
Floating loss limit, in dollars
- Most you may have open at one moment
- $200
- Largest EURUSD position inside the cap
- 1.00 lots
At about $10 per pip per standard lot, before spread and slippage. Other symbols have other pip values.
Arithmetic on the numbers you enter, using the formulas on this page. Not a forecast, and not a reading of any live account.
What counts
- On a $10,000 two-step account the limit is $200. Three trades each $80 down is $240 open: a breach.
- One trade $150 down is inside the limit.
- Closed trades do not count. Once a loss is closed it moves to the balance, and the drawdown floors take over.
How it differs from daily drawdown
Daily drawdown is a floor for the whole day’s equity. Floating risk caps what is open right now. On a $10,000 two-step account the daily floor allows $600 of loss in a day, but no more than $200 of it may be open at once. Stacking positions can breach floating risk while the account is far from its daily floor.
How named firms state it
The same idea goes by max floating loss, max risk rule, maximum loss per trade or floating drawdown. Three things differ between firms: whether the cap is combined across open positions or per trade, whether it is measured against the starting balance or the current one, and what a breach does. Each row links to the firm’s own page; last checked 30 Sep 2026.
| Firm · program | Cap on open loss | Measured against | On a breach |
|---|---|---|---|
| FundedTick · 2-Step | 2% | Current balance, all open positions combined | The account ends; a breach caused purely by slippage on a fill can be waived |
| Funded Trader Markets · 2-Step Plus | 1% | Balance, combined | Positions closed; the split falls with each breach (50/50, then 40/60, 30/70, 20/80) |
| OFP Funding | 1% | Balance, combined | The balance is reset; the account is not closed |
| Alpha Funded · evaluation plans | 3% (1% on instant funding) | Starting balance, combined; same-symbol trades count as one position | The account is closed |
| PropXP · instant funding | 1% | Initial balance, combined | First breach: positions closed and the split falls to 50%. Second: the account ends |
| AquaFunded · instant funding | 1% (Standard) or 2% (Pro) | Starting balance, per trade, at the deepest point while open | Three strikes: the split falls to 50%, then 25%, then the account is closed |
| Blue Guardian · Instant Standard | 1% (Guardian Shield) | Open loss, combined | Open trades are closed automatically; stated as a protection, not a breach |
Read as each firm states it on the linked page. FTMO, FundingPips, FundedNext and The5ers publish no cap on open loss on their standard evaluations (Competitor Facts, 13 Sep 2026).
Sizing a trade to the rule
One standard lot of EURUSD moves about $10 per pip. With a 20-pip stop, one lot risks about $200, which sits exactly on the $10,000 two-step limit with nothing spare for spread or slippage. A size that leaves room, such as 0.8 lots (about $160 at the stop), keeps a fill that slips inside the rule.
Our rule
Max floating risk is 2% of the current balance on the two-step, measured on every tick. The one-step has no floating-risk rule. A breach caused purely by slippage on a fill can be waived after a support review.