A prop firm with no daily drawdown

Fullport has no daily drawdown. A Fullport account has exactly one loss limit: a floor that opens 4% under the starting balance, rises only at the 00:00 UTC day close when you set a new high, and locks at breakeven once you are up 4%. There is no daily loss cap, no intraday ratchet and no time limit — a −40% candle at 03:00 that you close above the floor costs you nothing but the loss itself.

A daily drawdown is a rule built for forex and index CFDs, where a 2% move is a big day. Memecoins move 40% in a candle as a matter of routine. Put a 5% or 10% daily loss limit on a trader who is up 30% on the week and a single ordinary pullback ends the account while it is still comfortably above the real floor. Many crypto prop firms inherited the rule anyway, because their rulebooks were written for forex first and ported to crypto second.

The rule also changes behaviour in a way that hurts the firm's own stated goal. A trader near a daily limit stops managing the position and starts managing the clock — holding a loser into the next day to avoid the breach, or refusing a good entry at 22:00 because the day's budget is spent. One floor removes the clock from the decision entirely.

Call the distance D = 4% of your starting balance — $1,000 on the $25,000 account, $5,000 on the $125,000. The floor opens at start − D. At each 00:00 UTC close, if your realized balance (cash plus the cost basis of anything open) is a new high, the floor moves up to that high − D. It never moves during the day and it never moves down. When the high-water mark reaches start + D, the floor reaches your starting balance and locks there for the life of the account.

Live equity is still checked every tick against the floor — that part is continuous. A breach is a breach at any second. What is *not* continuous is the ratchet, which is the part that makes trailing rules cruel at other firms. Run your own sequence of closes through the drawdown calculator.

• Your risk budget is one number: balance minus floor. Size from that, not from the balance — the position size calculator does it.
• Bad days are survivable. Lose 15% on a Tuesday and you are still trading on Wednesday with the same floor; the rule does not compound a bad session into a lost account.
• No end-of-day scramble. Because the ratchet is at the close and the lock is at breakeven, there is no incentive to dump positions before midnight or to hold losers past it.
• The drawdown rules carry over when funded. The floor, the lock and the absence of a daily limit carry over unchanged when you pass — funded accounts have no consistency requirement, and payout eligibility rules apply.

No daily drawdown does not mean no rules. The evaluation has a 55% consistency rule — no single UTC day may account for more than 55% of your total profit at the moment you pass, which in practice means two good days rather than one lucky one; it does not apply to funded accounts. Every order is quoted against the live curve and rejected if it would move the price more than 15%. Tokens must come from the allowlisted launchpads. And a breach is terminal: there are no resets, which is the other half of why the floor is the only limit we need. The full rulebook has every number with a worked example.