Shark Futures Static Drawdown
The Simple Answer
All account types (Basic, Basic Plus, PRO) use an End-of-Day Trailing Max Drawdown based on the highest end-of-day balance (not intraday peak), trailing upward with profit and locking permanently once it reaches the starting balance (e.g. a $50K account with a $2,000 EOD drawdown locks at $50,000 once reached). Basic and PRO accounts have no separate Daily Loss Limit; Basic Plus accounts add a Daily Loss Limit on top of the EOD drawdown (e.g. $1,250 on a $50K Basic Plus account).
Here is what Propvator verified directly on help.sharkfutures.com about Shark Futures’s futures static drawdown policy.
Shark Futures’s Static Drawdown Rules in Detail
What the Rule Says
The drawdown allowance also applies to intraday equity, not just end-of-day closing balance, breaching it intraday is a violation even if the account recovers by close.
What This Means for You
No genuine static-from-day-one drawdown product is described.
Final Thoughts
Shark Futures’s static drawdown policy is one of the more specific rules traders overlook before they start an evaluation. All account types (Basic, Basic Plus, PRO) use an End-of-Day Trailing Max Drawdown based on the highest end-of-day balance (not intraday peak), trailing upward with profit and locking permanently once it reaches the starting balance (e.g. a $50K account with a $2,000 EOD drawdown locks at $50,000 once reached). Basic and PRO accounts have no separate Daily Loss Limit; Basic Plus accounts add a Daily Loss Limit on top of the EOD drawdown (e.g. $1,250 on a $50K Basic Plus account). Reading the fine print on help.sharkfutures.com before you fund an account is the easiest way to avoid a rule breach that has nothing to do with your trading skill.
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FAQ
Does Shark Futures allow static drawdown?
All account types (Basic, Basic Plus, PRO) use an End-of-Day Trailing Max Drawdown based on the highest end-of-day balance (not intraday peak), trailing upward with profit and locking permanently once it reaches the starting balance (e.g. a $50K account with a $2,000 EOD drawdown locks at $50,000 once reached). Basic and PRO accounts have no separate Daily Loss Limit; Basic Plus accounts add a Daily Loss Limit on top of the EOD drawdown (e.g. $1,250 on a $50K Basic Plus account).
Where can I find Shark Futures’s official static drawdown policy?
Shark Futures publishes its static drawdown rules directly on help.sharkfutures.com. Propvator verified the details above from that source.
Does this rule apply to both evaluation and funded accounts at Shark Futures?
The drawdown allowance also applies to intraday equity, not just end-of-day closing balance, breaching it intraday is a violation even if the account recovers by close.