I am wondering whether maximum drawdown stat on myfxbook includes the margin taken up by the trades before any price change takes places.

In other words, for an account that starts with $2000, let's say the initial trades alone take up $200 of margin and price changes take up $300 of margin (so the total equity is down only $300). Would the maximum drawdown in this case show up as 25% or as 15%? Thanks very much.