An end-of-day (EOD) drawdown only updates from your closing balance, so open profit during the session does not drag your floor up. That makes it much easier to hold trades through pullbacks than an intraday trailing drawdown.
Firms with EOD drawdown (50K)
| Firm | Drawdown type | Max loss | Daily limit |
|---|---|---|---|
| Topstep | EOD trailing, locks at start | $2,000 | Optional |
| Take Profit Trader | EOD in the Test (intraday on PRO) | $2,000 | None |
| Apex Trader Funding | Choice of EOD or intraday | $2,000 | $1,000 on EOD accounts |
Rules as summarised in our reviews and checked November 1, 2026. Prop firm rules change often, so confirm them on each firm’s site before you buy.
EOD vs intraday: an example
You open a trade that runs +$800, then close it at +$200. With an EOD drawdown, your floor rises by $200 at the close. With an intraday trailing drawdown, it rose by $800 when the trade peaked, leaving you $600 less room. Read more in Topstep vs Apex.
How each firm applies it
- Topstep: the Maximum Loss Limit follows your end-of-day balance and never moves down. Once it reaches your starting balance it locks permanently. Breaches are checked in real time, including open losses.
- Take Profit Trader: the Test drawdown follows your highest end-of-day balance and stops trailing at the starting balance, with no daily loss limit. Once you pass, the PRO account switches to an intraday trailing drawdown, so the advantage only lasts through the Test.
- Apex: you choose end-of-day or intraday at checkout. EOD accounts cost more and add a daily loss limit ($1,000 on 50K). On both, the floor locks once it reaches the starting balance.
A three-day example (50K, $2,000 drawdown)
You start at $50,000 with a floor of $48,000. This is a simplified example; each firm sets its own lock point.
| Day | What happens | EOD floor | Intraday floor |
|---|---|---|---|
| 1 | Close at $51,200 | $49,200 | $49,200 |
| 2 | Peak at $52,500, close at $51,700 | $49,700 | $50,500 |
| 3 | Lose $1,500, balance $50,200 | Still open: $500 above the floor | Failed: below $50,500 |
The same trades pass under an end-of-day rule and fail under an intraday one, because the intraday floor rose to the day-2 peak while the trade was open.
Where an EOD drawdown can still catch you
- Intraday breaches still count. The floor is set at the close, but at Topstep and Take Profit Trader, touching it during the session fails the account.
- Daily limits: Apex EOD accounts add a $1,000 daily loss limit on 50K, so a bad morning can end the day early.
- Funded accounts may change the rule. Take Profit Trader’s PRO account trails intraday, including open profit, until it reaches the starting balance.
- Consistency rules: Topstep caps your best day at 55% of profit and Take Profit Trader’s Test at 50%, so one big day can push the target out.
Before you buy
- Check whether the drawdown is end-of-day in both the evaluation and the funded account.
- Find the point where the floor locks, usually the starting balance.
- Size so that ten losing trades in a row would not reach the floor: about $200 risk per trade on a $2,000 limit.
- Model your win rate and risk in the challenge simulator and the contract math in the futures calculator.
Common mistakes with EOD drawdown
- Treating the close as the only check. The floor only moves at the close, but an open loss that touches it mid-session still fails the account at most firms.
- Ignoring the lock point. Until the floor locks at the starting balance, every strong close raises it. Early in an account, a few good days can leave less room than you expect.
- Forgetting the funded rules. Passing a Test with an end-of-day drawdown does not mean the funded account works the same way. Read the funded rules before you buy, not after you pass.
- Sizing up after a good day. A bigger position after a winning close is exactly when a higher floor is easiest to hit.
For a full side-by-side, see Apex alternatives and the prop firm rules finder, which filters firms by drawdown type.
Frequently asked questions
What is an end-of-day drawdown?
A loss limit that recalculates once a day from your closing balance, rather than following your peak equity during the session.
Which prop firms use end-of-day drawdown?
Topstep, Take Profit Trader (in its Test) and Apex (as an option) among the firms we review.
Is EOD drawdown better than intraday?
For traders who hold winners through pullbacks, usually yes. It can cost more, as at Apex.
Does an end-of-day floor ever stop rising?
Yes. At Topstep, Take Profit Trader and Apex it locks once it reaches the starting balance, according to their published rules.