The maximum loss in Axi Select is based on unrealized losses — meaning it includes the current potential losses from open positions that have not yet been closed.
The maximum loss limit is 7% for all stages, except for Pro M, where the limit is 10%.
The limit (7% or 10%, depending on the Axi Select stage you are in) considers unrealized losses — the floating P&L of your currently open positions in the Allocation Account — not just closed (realized) trades.
This means your account can enter quarantine or trigger a dropout even while trades are still open, if the unrealized loss reaches the applicable limit (7% or 10% for Pro M).
The loss is calculated from your Allocation Account, not your Axi Select trading account.
The percentage is calculated from your initial allocation funds at the start of the stage — not your current or highest balance.