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Ability Challenge Table
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|30 Days||60 Days|
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 Days||7 Days||7 Days|
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
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
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.
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.
|–||–||75 – 25|
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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