What Time Does FXIFY's Trading Day Reset?
Rules verified 2026-07-09 · official source
FXIFY's trading day resets at 5:00 PM (17:00) New York time, not your local midnight. That's when your daily-loss counter resets and a new day starts for the minimum-days count.
When the day flips
FXIFY runs its trading day on New York time, resetting at 5:00 PM (17:00). Because the boundary is tied to a fixed timezone, it follows that clock through daylight-saving changes — so relative to your own timezone the reset can shift by an hour twice a year. What never changes: it's FXIFY's clock that counts, not the one on your wall.
Any loss you take before the reset belongs to the OLD day and counts against that day's loss limit; the first trade after the reset starts a clean daily count. The limit is evaluated on equity, so an open loser can spend the day's room before you ever close it.
Max drawdown (10%) trails your highest CLOSED balance — floating profit never raises the floor, but a breach is checked on live equity at any moment. Do NOT log an intraday (unrealized) peak on this account; TradersGuild's closed-trade peak already matches FXIFY's line exactly.
What the reset actually moves
A reset time sounds like trivia until it costs you an account. At FXIFY, 5:00 PM (17:00) New York is when your daily-loss counter zeroes for a fresh day; the trading-day boundary is drawn — a day counts toward the 5-day minimum if you closed at least one trade before the reset.
Knowing the exact boundary matters most around it: a "second trade of the day" taken a minute after the reset is really the first trade of a new day, with a fresh daily-loss budget.
| Rule | How the reset applies |
|---|---|
| Daily loss limit | Counter resets to $0 (evaluated on equity — open P&L counts) |
| Max-loss (drawdown) line | Trails intraday — not tied to the reset |
| Trading-day count | New day for the 5-day minimum |
How traders actually breach it
The classic reset mistake: stacking losses late in the session, then taking "one more" that quietly rolls past the reset — you think you've reset the daily budget, but the loss landed on the old day and tipped it over the limit. Or the reverse: sizing up right after the reset because "it's a new day," forgetting the max-loss line doesn't reset with it.
TradersGuild tracks this rule live against your trade log and alerts you while there's still room — "you're $220 from the line" beats finding out from a breach email. Tracking is free for your first account.
Recent FXIFY rule changes
2026-07-09 — Added — Two-Phase (Standard): 10% max drawdown trailing the highest CLOSED balance (locks at start once profit covers it), 4% daily vs previous day's 5PM New York balance, 10%→5% targets, 5 minimum trading days per phase, no consistency rule.
FAQ
What time does FXIFY's trading day reset?
At 5:00 PM (17:00) in the New York timezone — FXIFY's trading-day boundary, not your local midnight.
When does the FXIFY daily loss limit reset?
At 5:00 PM (17:00) New York time. Losses before the reset count against the old day; the first trade after it starts a fresh daily count, evaluated on equity so open positions count.
Does the FXIFY trading day reset at my local midnight?
No. It resets at 5:00 PM (17:00) New York time regardless of where you trade from, and it follows that timezone's clock through daylight-saving shifts.
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