Ability Challenge $100,000
2-PhaseTwo evaluation steps with the widest limits Audacity sells, which the firm advertises as the highest in the market: step one asks 10 percent against a 7.5 percent maximum daily loss and a 15 percent maximum loss, step two asks 5 percent against 5 and 10 percent. Four minimum trading days in each step and no time limit. The funded account runs at a 5 percent daily and 10 percent maximum loss with no profit target, a profit share of up to 90 percent, same-day withdrawals and a refundable fee. There is no consistency rule, and news trading, weekend holding, Expert Advisors and copy trading are all allowed.
Position Sizing
Maximum 10 lots per individual position
Time & Holding Restrictions
Trading Style Permissions
News Trading
None. News trading is allowed.
Automation & Copy Trading
Expert Advisors and copy trading are allowed.
Additional Restrictions
Evaluation: No best-day/profit-percentage rule, but the Terms contain a qualitative 'Consistency Clause': traders must show consistency in trade length and lot size for the minimum trading days to count; e.g. one 15-lot trade plus six 0.1-lot days fails the Ability Challenge. No percentage. Conflicts with program pages that say 'Consistency Rule: None'. Funded: no consistency rule.
Consistency Rules
Source: https://audacity.capital/terms-and-conditions/ ; https://audacity.capital/two-step-prop-firm-ability-challenge/