Frequently asked questions

New to capital Investment

How can I apply to Ability?

If you have a profitable strategy and good money management you can prove your trading ability, starting the challenge according to the account size you’re comfortable trading with.

How do I start the challenge?

Choose the account size you’re comfortable trading with and proceed to the checkout, as soon as we receive your payment you’ll get an email with the login details and you can start trading.

Who can join ability?

We accept traders from all over the world with a profitable strategy and good money management. Please note you need to be at least 18 y.o.

I have successfully passed the challenge, now what?

You have now two options. You can either continue managing the account size you signed in for and share profits 75-25 on a monthly basis or you can request to move onto the Funded Trader Program starting with the account size you passed the challenge on. (Note that if you move to the FTP you’ll need to respect its rules, parameters and premium account fees.)

Do you have an affiliate program?

Yes, you can register as an affiliate here.

Evaluation & Verification

Do you allow EA’s?

Yes, we allow the use of EA’s

What trading platform do you use?

We use MetaTrader 4 platform exclusively

Can I trade during the news?

Yes, you can trade news events in the two phases of the challenge.

What strategies are allowed?

You can use any trading strategy.

Which instrument can I trade?

On ability, you can trade Forex, Commodities and Indices. 

How are profits split on Ability?

we share profits with our traders 75-25 once they successfully complete the two phases of the challenge.

When can I withdraw my profit?

You can withdraw your share of profits on a monthly basis

What is the leverage for Ability?

The leverage is 1:100

What is the maximum lot size?

There is no limit. The trader can use any lot size that fits their strategy and margin requirements

Which broker do you use?

We do not work with a retail broker. Even on the two phases challenge you’ll be working with a demo account which is a retail version linked to our Liquidity Provider 

What is the maximum account size I can buy?

The maximum account size we offer on Ability is $120,000.

Do I need to close my positions overnight and over the weekend?

You can hold positions overnight and over the weekend during the two phases of the challenge.

What is your Consistency rule?

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. The aim of the Ability Challenge is to demonstrate consistency that can later be applied to a live account and not to reward a gambling mentality and style of trading. Please see our T&C's regarding this clause.

Which financial assets can I trade?

You can trade forex, commodities and indices.

What is the minimum time to complete the challenge?

There is a 7-day minimum trading days for each phase.

What happens if I violate the rules?

Breaking one of the rules will automatically invalidate the account and remove you from the challenge. You can always try again by purchasing a new Ability Challenge account.

Payment & Billing

When can I receive my refund?

Once you complete the verification process, you will receive your refund together with your first payout

Are there any fees involved in Ability?

There is a one-time payment, based on the account size you choose. (Refer to Account size Table).

What payment methods are available?

You can process payment via Credit/Debit card, Paypal, Bank Transfer, BTC and Skrill.

Are there any hidden fees?

There are no hidden fees, only a one-off refundable fee for the Ability challenge that is clearly stated

Why is there a fee?

The fees will cover some of the trading and business costs and will also hold the traders accountable although they are operating on a demo account, simulating real-life trading conditions.

I paid for the challenge, when will I get the account?

As soon as we receive the payment you’ll receive your login details automatically via email.

How do I get a refund?

You’re entitled to a refund after passing the two phases challenge when you become an Audacity Trader. Your refund will be processed together with your first payout.

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