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Ability Challenge 2

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The path to funding

The path to funding

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WHAT IS THE PROGRAMME?

Test your ability

Commencing with the initial challenge stage, you will be presented with a straightforward evaluation to gauge your skills. Upon successful completion of this stage, you will proceed to the verification stage, which grants you the opportunity to trade with real funds. You may opt to continue trading with the same account size or alternatively, enroll in our Funded Trader Program. Watch the video to discover more about the Ability Challenge.
Find out what's new?

What are the rules?

30 days

Deadline to reach target for the 1st Challenge

Monthly

Deadline to reach target on a live account

7.5%

Maximum Daily Drawdown
Challenge

5%

Maximum Daily Drawdown
Verification

5%

Maximum Daily Drawdown
Live Account

7 Days

Minimum trading days

10%

Maximum Absolute Drawdown

How it works

Take the Ability Challenge

To start trading on the Ability challenge, select your preferred account size that suits your trading requirements.

Start trading immediately

After purchasing an account, your unique login credentials will be automatically issued to the contact details you have provided, allowing immediate trading without an interview or approval process. Traders will start with a 2-step evalutation on a demo account.

Follow the trading guidelines

In order to successfully complete the challenge, you must follow the designated trading parameters and reach the profit target to progress to a live account. There is no profit target on the live account and we will share 75% of the profits earned on a monthly basis, with quarterly doubling of the account size.

Challenge Verification Table

Challenge
verification table

Select trading volume

 ChallengeVerificationLive Account
Period
30 Days60 Days 

Trading Period:

The Ability challenge has a duration of 30 days while the Verification stage has a duration of 60 days. Assumed that minimum trading days are respected you can get to the next level as soon as you meet the required target, there is no need for you to wait till the 30 or 60 period ends.
 
In the event that the trader exceeds the trading period without reaching drawdown, the options to request for a free retake or 14 day extension are available. Please note that these options are only applicable if the trader is in profit and are limited to a one-time redemption per account.
Minimum  Trading Time
7 Days7 Days7 Days

Minimum Trading Time

You must trade a minimum of 7 trading days at any stage, meaning at least one position must be open on each of those days ( if you hold a trade for multiple days it will only be considered when it was originally opened). You must demonstrate consistency within your results in order to pass the 7 minimum trading days. ‍Traders will need to demonstrate consistency within their results in regards to trade length and lot size in order to pass the 7 minimum trading days. For example if a trader opens one position at 15 lots on one day, then 6 positions at 0.1 lot on 6 other trading days, this will result in failing the Ability Challenge. View our T&C regarding this rule. 
Maximum Daily D.D
7.5%5%5%

Maximum Daily D.D

The maximum daily loss is 7.5% on the Ability Challenge while 5% on both the Verification and the Live account. It means that at any point of the day the sum of all your closed positions plus those currently open cannot exceed 7.5% (or 5%). Please note that the 24h period starts 12AM GMT. Exceeding this limit will result in failing the challenge.
Maximum Absolute D.D
15%10%10%

Maximum Absolute D.D

The maximum Absolute drawdown for the Ability Challenge is 15% and for the Verification Challenge and Live account is 10%, which is not trailing from the profits. Within this limit, you will not be liable for any losses. Exceeding this limit will result in the automatic invalidation of your account and remove you from the challenge. You can always try again by purchasing a new Ability Challenge account.
 
Target
10%10%–

Profit Target

The profit target is set to 10% from the initial account balance in both the Ability and the Verification Challenge. In order to successfully complete the challenge, you need to meet the profit target within 30 days in the first stage and 60 days in the Verification stage without breaking the rules. Once you get to the Live account we’ll share with you 75% of any profit made on a monthly basis.
Profit Share
––75 – 25

Profit Share:

Once you have completed all the stages of the challenge, you will receive a live account of the size you have initially chosen. On the live account, you must continuously follow the trading rules in order to receive your profit share. Any profit made on a monthly basis we’ll share 75% of the profit with you. Additionally, your account size will be doubled on a quarterly basis, provided that the account incurs a profit greater than 2.5% each month and at least one payout has been issued.

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Refundable fee:
$129
Refundable fee:
$189
Refundable fee:
$339
Refundable fee:
$459
Refundable fee:
$779
Refundable fee:
$1559
Refundable fee:
£99
Refundable fee:
£149
Refundable fee:
£269
Refundable fee:
£369
Refundable fee:
£629
Refundable fee:
£1269
Refundable fee:
€119
Refundable fee:
€169
Refundable fee:
€309
Refundable fee:
€429
Refundable fee:
€719
Refundable fee:
€1449

Have some questions?

Speak to one of our consultants.
Get in Touch

What's new?

In celebration of Audacity Capital’s 11th year, we have implemented several improvements to our Ability Challenge program . These new features include:


  • Improved Spreads
  • Expanded initial account options ranging from $10,000 up to $240,000
  • Quarterly scaling up to $2 million*
  • 14 Day Extension*
  • Free Retake*

As a firm that puts people first, we are committed to providing the best possible trading environment to enable you to succeed and achieve maximum profits in the markets. As a result, we are offering a 50% discount to those who have not succeeded in the challenge due to incurring a drawdown. The discount will only be valid if an account is reacquired within 48 hours of failing the challenge.


*Please note that eligibility for these features are subject to meeting a certain criteria. Their associated terms and conditions are outlined in the trading rules and guidelines on the challenge verification table.
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Why AudaCity?

Audacity Capital is the leading funded trader program. We are experienced in the game have helped thousands of traders realise their personal financial goals through forex trading in the last 10 years.
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