DrawdownConditionalVoids accountVerified
Maximum drawdown (static)
A fixed floor below the initial balance. Ability Challenge: 15% in Phase 1, 10% in Phase 2. Ability One: 6%. FTP: 10%. None of them trail.
Forex prop firm · review & rules
Audacity Capital
7.7/ 10
One of the oldest prop firms (since 2012), now offering an Ability Challenge (2-step), Ability One (1-step) and an instant FTP. Consistency was dropped on funded accounts and weekend/news trading is allowed, but the FTP split is far lower than the headline, the daily limit is set from the higher of balance-or-equity, and a 3-minute freeze blocks ALL actions around high-impact news.
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The FundedWiki verdict
7.7/10A long-established London firm with no consistency rule on funded accounts and lenient holding rules — but the instant FTP's real split is well below the advertised 90% and the news freeze is unusually strict.
Pros
- Operating since 2012 — among the most established prop firms
- No consistency rule on paid funded/eval accounts (competition accounts excepted)
- Weekend and overnight holding allowed across all programs
- Refundable challenge fees; scaling to $2M
Watch out
- FTP instant split starts at only 50–60% despite the 'up to 90%' headline
- Daily limit is set from the higher of balance-or-equity at rollover (winning day tightens it)
- 3-minute freeze on ALL actions (incl. SL/TP and manual closes) around high-impact news; VPN prohibited
Best for: Traders who value a firm with a long track record, want no consistency rule on funded accounts, and trade their own strategy without VPNs or sub-2-minute scalping.
Bottom line: Established and lenient on consistency and holding, but read the FTP split tiers carefully and respect the strict news freeze.
Quick facts
| Account sizes | $7.5K – $240K (scales to $2M) |
| Profit split | Challenge 75–90%; FTP 50–80% |
| Max scaling | $2,000,000 |
| Platforms | MT5, DXtrade |
| Instruments | Forex, Metals, Indices, Crypto |
| Payouts | Challenge: first at 14 days, then bi-weekly; FTP after 5 trading days |
Challenge plans at a glance
| Plan | Type | Max DD | Daily | Targets | Min days |
|---|---|---|---|---|---|
| Ability Challenge | 2-Step | 10% static | 5% | 10% → 5% | 4 |
| Ability One | 1-Step | 6% static | 3% | 10% | 3 |
| FTP (Instant Funding) | Instant | 10% static | 5% | — | 5 |
The rules, one by one
DrawdownConditionalVoids accountHidden ruleVerified
Daily loss limit (higher-of-balance-or-equity)
Ability Challenge: 7.5% (P1) / 5% (P2). Ability One: 3%. FTP: 5% as a trailing 'Moving Floor' tied to the highest recorded equity. On all plans the static limit is set at the daily rollover from the HIGHER of balance or equity, and intraday gains don't raise it until the next rollover.
Gotcha: Because the floor is set from the higher of balance-or-equity, a winning day raises tomorrow's bar — and the FTP's daily floor actually trails your equity highs.
ConsistencyAllowedSoft / informationalVerified
Consistency rule (removed on funded)
There is no consistency rule on paid funded/evaluation accounts (removed in 2026). A consistency score still applies only to free competition accounts (>70 consistent; <50 must keep trading).
News tradingConditionalWarningHidden ruleVerified
News trading (3-minute freeze)
Allowed, but you may not open, close (including by SL/TP or manually) or add to positions within 3 minutes before or after any high-impact release (NFP, FOMC events). Applies to all three programs.
Gotcha: The freeze blocks ALL actions — you can't even close a position in the window, so a stop you placed won't fire there.
Weekend holdingAllowedSoft / informationalVerified
Weekend & overnight holding
Overnight and weekend holding are allowed across both challenge phases and the funded stage.
EAs & algosConditionalVoids accountVerified
EAs & copy trading
EAs are allowed only if personally developed and not sourced from third-party signals; commercial/off-the-shelf EAs are prohibited. Copy trading is allowed only between your own Audacity accounts. HFT (EAs opening/closing within seconds) is prohibited. VPS is allowed but VPN is generally prohibited.
Gotcha: VPN is banned (VPS is fine) — a common trip-wire for travelling traders.
Prohibited strategiesForbiddenVoids accountHidden ruleVerified
HFT, tick scalping, hedging, martingale, grid
Prohibited: HFT, tick scalping (open+close within ~2 minutes triggers risk review), hedging (within or across accounts), arbitrage (incl. latency), martingale, dollar-cost-averaging / grid, lot-size abuse and third-party account management. A hard cap of 10 lots per open position applies.
Gotcha: Scalping is nominally allowed but sub-2-minute trades trigger risk-team review, and there's a 10-lot-per-position hard cap.
Min trading daysConditionalPayout deniedVerified
Minimum trading days
Ability Challenge: 4 days each phase. Ability One: 3 days. FTP: 5 trading days before requesting a payout.
PayoutsConditionalPayout deniedHidden ruleVerified
Payouts & split
Challenge/Ability One start at 75%, rise to 85% if you hit 10%+ within 30 days, and up to 90% after doubling the account twice. FTP is tiered and LOWER: early stages pay 50–60% (50% if you take over 30 days), rising to 80%. Challenge funded pays first at 14 days then bi-weekly; FTP processes 1–3 working days after the target. KYC required; challenge fees refundable on first payout.
Gotcha: The 'up to 90%' headline is the challenge ceiling — the instant FTP can pay as little as 50%, and the 30-day clock decides several split tiers.
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Informational and comparison content only — not financial advice and not affiliated with Audacity Capital. Rules change often; verify against Audacity Capital's official terms before relying on any detail. Last reviewed Jun 5, 2026.