Terms and Conditions

Data Controller

For the purposes of applicable data protection laws, AudaCity Global LTD (trading as AudaCity Capital) is the Data Controller responsible for determining the purposes and means of processing your personal data.

For any questions regarding the collection, processing, storage, or protection of your personal information, you may contact us at support@audacity.capital.

Your information is in safe hands

When you submit your personal information to AudaCity Capital, we are committed to protecting your privacy and handling your personal data securely and responsibly in accordance with applicable data protection laws.

This Privacy Policy explains how we collect, use, store, share, and protect your personal information when you access our Website, register for an account, or use our Services.

• Explains the rights and choices you have when it comes to your personal data
• Explains how we use your data
• Explains how we ensure your privacy is maintained

What We Collect

We may collect and process the following information when you register for an account, purchase our Services, or participate in AudaCity Capital's trading programs:

• Personal Information: Full name, date of birth, residential address, nationality, and other information required for account registration.
• Contact Information: Email address, telephone number, and other contact details.
• Identity Verification Information: Government-issued identification documents, photographs, selfies, proof of address, and other information required for identity verification (KYC) and compliance purposes.
• Technical and Device Information: IP addresses, device identifiers, browser information, login activity, and other technical data used for account security, fraud prevention, and compliance monitoring.
• Payment Information: Transaction details, payment methods, billing information, purchase history, and payout records.
• Trading and Account Information: Trading history, account activity, order records, trading performance, risk assessments, account violations, and other information associated with participation in our programs.
• Other Information: Information voluntarily provided through customer support, surveys, communications, and promotional activities.

We collect and process such information for the purposes of providing our Services, verifying customer identities, maintaining account security, monitoring trading activity, preventing fraud, fulfilling legal obligations, and improving our products and Services.

What we do with the information we gather

We use the information to give you access to newsletters but in addition we may use the information:

• To communicate with you
• To improve our products and services.
• To periodically send promotional messages about AudaCity Capital events, awards or other information which we think you may find interesting by email, SMS or WhatsApp, using the contact details which you have provided, where you have opted in to receive marketing communications through that channel.

From time to time, we may also use your information to contact you for market research purposes. We may contact you by email, mail, SMS or WhatsApp and use the information to customise the website according to your preferences. We will only contact you for market research or send you marketing messages where you have separately opted in to this. If you do not wish to receive further marketing messages, you can unsubscribe at any time using the link at the end of our emails, by replying STOP to our SMS messages, or by opting out in WhatsApp.

Sharing of Personal Information

We may share your personal information with authorised third-party service providers and affiliated companies where necessary to provide our Services, verify customer identities, process payments, monitor trading activity, prevent fraud, and comply with applicable legal obligations.

Such recipients may include:

• Identity verification and compliance service providers, including Sumsub.
• Payment processors and financial institutions responsible for processing transactions and payouts.
• Trading platform providers, risk monitoring providers, and technology service providers.
• Affiliated AudaCity Capital entities involved in the administration, operation, and management of our Services.
• Regulatory authorities, law enforcement agencies, or other parties where disclosure is required by applicable law.

We require service providers handling personal information on our behalf to implement appropriate security and data protection measures.

International Data Transfers

As AudaCity Capital operates internationally, your personal information may be transferred to, stored, or accessed by authorised affiliated companies and third-party service providers located outside your country of residence.

Such transfers may occur for the purposes of account administration, identity verification, payment processing, customer support, trading activity monitoring, risk management, and compliance with applicable legal requirements.

Where international transfers are subject to applicable data protection restrictions, we will ensure that an appropriate legal transfer mechanism is in place. Depending on the circumstances, this may include applicable adequacy regulations, recognised contractual safeguards, or other legally permitted transfer mechanisms.

Details of the relevant transfer destinations, applicable safeguards, and how to obtain further information or copies of those safeguards are available by contacting support@audacity.capital.

Security

We have implemented technologies and policies with the objective of protecting your privacy from unauthorised access and improper use and will update these measures as appropriate as new technologies become available. If a data breach occurs that poses a risk to your rights and freedoms, we will notify the relevant supervisory authority within 72 hours of becoming aware of it, and will notify you directly without undue delay where the breach is likely to result in a high risk to you.

Cookies

You can decline the use of cookies if you would like, though the functionality of some web browsers is affected as a result. Non-essential cookies are only set after you have given consent through the cookie banner shown on your first visit to the Website; you may withdraw that consent at any time through the cookie settings link in the website footer.

What Are Cookies?

Cookies are small text files stored on your device when you visit a website. They help websites remember your preferences, maintain login sessions, improve security, and provide a more personalised browsing experience. Cookies may also be used to understand how visitors interact with our Website.

What Are the Benefits of Cookies?

Cookies help us maintain secure login sessions, remember user preferences, improve website functionality, and understand how visitors interact with our Website.

Certain cookies are necessary for the proper operation of our Services, while others may be used for analytics and performance improvements, subject to applicable consent requirements.

You may manage your cookie preferences through the cookie settings available on our Website.

Under data protection legislation, you have several rights regarding the use of your personal data, as follows:

The Right of Confirmation and Access

As a data subject you have the right to obtain confirmation from the data controller as to whether or not personal data concerning you is being processed. You also have the right to obtain from us free information about your personal data stored at any time, and a copy of this information. Furthermore, you have the right to obtain information as to whether personal data is transferred to a third country or to an international organisation. Where this is the case, you also have the right to be informed of the appropriate safeguards relating to the transfer.

Right to Rectification and Erasure (Right to be Forgotten)

You have the right to ask us to rectify inaccurate data or to complete any incomplete personal data that we hold. You have the right to ask us to erase your personal data without delay where one of the statutory grounds applies, so long as the processing is not necessary. Where the deletion of certain personal information prevents us from fulfilling our contractual or legal obligations, we may be unable to continue providing some or all of our Services. Any such limitation will be assessed in accordance with applicable data protection laws.

Right of Restriction of Processing/Right to Object

You have the right to restrict the processing of your personal data under certain circumstances, including if you have contested its accuracy and while this is being verified by us, or if you have objected to its processing and while we are considering whether we have legitimate grounds to continue to do so. You have the right to object, on grounds relating to your particular situation, at any time, to the processing of personal data concerning you.

Right of Data Portability

You also have the right for certain data you have given us to be provided to you in a structured and commonly used electronic format (for example, a Microsoft Excel file), so that you can move, copy or transfer this data easily to another data controller. You may also request that we transmit this data directly to another organisation where it is practical for us to do so.

Automated Decision-Making and Profiling

AudaCity Capital may use automated systems and monitoring tools to analyse trading activity, identify potential violations of trading rules, detect suspicious account behaviour, and support internal risk management and fraud prevention.

These systems may generate alerts, risk assessments, or account restrictions based on trading activity and compliance with our Terms and Conditions.

Where automated processing results in a decision that produces legal or similarly significant effects on a Trader, AudaCity Capital will provide the information, review opportunities, and safeguards required under applicable data protection laws, including the ability to request human intervention and contest the decision where applicable.

Lawful Basis for Processing Personal Data

AudaCity Capital processes personal information for legitimate and specified purposes in accordance with applicable data protection laws.

Depending on the nature and purpose of the processing, we may rely on the following lawful bases:

• Performance of a Contract: To register and manage trading accounts, provide access to our Services, process transactions and payouts, and fulfil our contractual obligations to Traders.
• Compliance with Legal Obligations: To comply with applicable legal requirements, including identity verification, recordkeeping, and regulatory obligations where applicable.
• Legitimate Interests: To maintain the security and integrity of our Services, prevent fraud, detect prohibited trading practices, monitor account activity, investigate potential violations, resolve disputes, and improve our Services, where those interests are not overridden by the rights and freedoms of individuals.
• Consent: Where required, to send marketing communications, use non-essential cookies, or process personal information for other purposes requiring consent.

Where processing is based on consent, you may withdraw your consent at any time, without affecting the lawfulness of processing carried out before withdrawal.

Where we process special-category personal data, we will identify and rely on an additional lawful condition where required by applicable law.

Right to Lodge a Complaint

If you have concerns regarding how AudaCity Capital collects, processes, stores, or protects your personal information, we encourage you to contact us first at support@audacity.capital so that we can investigate and address your concerns.

You also have the right to lodge a complaint with the relevant data protection supervisory authority where permitted under applicable law.

Where the United Kingdom's data protection legislation applies, you may contact the Information Commissioner's Office (ICO) at https://ico.org.uk/.

Nothing in this Privacy Policy restricts your right to contact a relevant supervisory authority or exercise your rights under applicable data protection laws.

Data protection for Employment and Recruitment Procedures

Details of how we process data for recruitment or employment procedures are covered separately and will be provided to applicants/employees as part of the HR process.

How to exercise your Rights

If you wish to contact us in respect of any of the Rights described above, please get in touch with our Data Protection Officer on 020 8050 1985 or via email at support@audacity.capital. We will respond to your request free of charge and usually within one month.

The content of this website is made available for your general information only and does not constitute the giving of investment advice or an offer to sell or the solicitation of an offer to buy any investment. The information contained on this website has been given in good faith and every effort has been made to ensure its accuracy. AudaCity Capital accepts no responsibility for any loss occasioned as a result of reliance placed on any parts of the contents of this website and makes no warranty as to the accuracy of any such information or content. The terms and conditions applicable to each trading program are set out in these Terms and Conditions, together with the relevant program-specific rules and requirements published in our Knowledge Center at https://audacity.capital/knowledge-center/, which form an integral part of these Terms. By registering for an account, purchasing a trading program, or otherwise expressly accepting these Terms and Conditions, you agree to be bound by these Terms, subject to applicable law. AudaCity Capital makes no representations or warranties whatsoever about any of the content of this website or about content of any other website which you may access by hypertext link through this website. When you access any other website by means of a link from this website you should understand that your access to that other website is independent of AudaCity Capital and AudaCity Capital has no control over the content of the website and AudaCity Capital does not, in any way, endorse or approve the content of that website. In no event will AudaCity Capital in any way be liable to you or any other person(s) or organisation(s) for loss or damage (whether direct, indirect, consequential, special or other) in connection with any use of this website.

The above does not exclude or limit our liability for death or personal injury caused by our negligence, fraud, fraudulent misrepresentation, or any other liability that cannot be excluded or limited under applicable law.

Subject to the above, and to the extent permitted by applicable law, AudaCity Capital's total aggregate liability arising out of or in connection with these terms or the provision of our services, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, shall be limited to the total amount of fees paid by you in connection with the specific Service giving rise to the claim.

Nothing in these Terms shall affect any statutory rights or protections that cannot lawfully be excluded or restricted.

If you are in any doubt about any of the information contained on this website please contact us or consult your usual professional financial advisor, if you have one. Opinions and any other information that may be included on the website are for your personal use and informational purposes only and are not necessarily the views or opinions of AudaCity Capital or the contributors whose views or opinions may change from time to time.

Failure to engage in trading activity on your trading account for a consecutive six-month period will lead to the termination of your trading account due to inactivity.

Changes to these Terms.

We may update these Terms, including the trading rules published in our Knowledge Center, from time to time. We will give you at least seven (7) calendar days' notice by email or through the User Area before any material change affecting existing accounts takes effect, including changes to trading rules, applicable fees, or payout terms.

Changes to advertised product prices that apply only to new purchases may take effect immediately without prior notice and will not affect accounts already purchased or activated.

Changes that are not material (such as corrections or clarifications), that are required by law, or that are solely to your benefit may take effect immediately. If you do not agree with a material change, you may close your account before it takes effect. Changes to trading rules will not apply retroactively to trades opened before the change takes effect.

Definitions and Interpretation

For the purposes of these Terms and Conditions, the following definitions shall apply:

"AudaCity Capital" or "Provider" refers to AudaCity Global LTD, the entity providing the Services under these Terms and Conditions.

"Trader" or "Customer" refers to any individual who registers for, purchases, or participates in any of AudaCity Capital's trading programs.

"Services" refers to the trading programs, platforms, tools, account access, and related services provided by AudaCity Capital.

"Ability Challenge" refers to AudaCity Capital's two-step evaluation program, subject to its applicable trading objectives and requirements.

"Ability One" refers to AudaCity Capital's one-step evaluation program, subject to its applicable trading objectives and requirements.

"FTP Instant Funding" refers to AudaCity Capital's trading program that allows eligible traders to participate without completing the standard evaluation stages, subject to its applicable trading rules and requirements.

"Simulated Trading" refers to trading activity conducted in a simulated environment using fictitious funds and market data, without directly executing the trader's orders in live financial markets.

"Live Trading" refers to trading activity conducted using actual provider’s own capital in live financial markets, subject to AudaCity Capital's internal risk management assessments and approval.

"Knowledge Center" refers to the official information and rules published at https://audacity.capital/knowledge-center/, including applicable trading requirements, prohibited practices, and payout conditions.

"Payout" refers to a performance-based payment that a Trader may be eligible to receive in accordance with the applicable program rules and payout conditions.

Simulated and Live Trading Environments

AudaCity Capital's trading programs, including the Ability Challenge (2-Step), Ability One (1-Step) and FTP (Instant Funding), primarily operate in a simulated trading environment using fictitious funds.

AudaCity Capital reserves the right, at its discretion and based on internal risk management assessments, to allocate or transfer eligible traders to a live trading environment using provider’s own capital at any stage of their participation.

Participation in any program does not guarantee allocation to a live trading environment. AudaCity Capital retains discretion over the selection of traders for live allocation, subject to applicable laws and contractual obligations.

Trading rules, risk management requirements, and payout conditions shall apply according to the trader's respective program and trading environment.

Disclaimer

By agreeing to these Terms of Service, you represent that you are at least the age of majority in your state or province of residence and are at least eighteen (18) years of age. The Services are not available to minors under any circumstances.

You may not use our services for any illegal or unauthorized purpose nor may you, in the use of the Service, violate any laws in your jurisdiction (including but not limited to copyright laws). A breach or violation of any of these Terms may result in the suspension or immediate termination of your Services, depending on the nature and severity of the violation, as reasonably determined by AudaCity Capital. The material on this website is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material on this website is at your own risk. As an option to mitigate your risk you are always welcome to email your questions at support@audacity.capital.

Eligibility and Verification.

You may only use the Services if you: (a) are an individual aged eighteen (18) or over; (b) are not resident in a country where we do not offer the Services; and (c) are not subject to sanctions imposed by the United Kingdom, the European Union, the United Nations, the US Office of Foreign Assets Control or any other applicable authority. You must complete any identity verification ("know your customer" or KYC) checks we require, including before any payout is made. If you stop meeting these requirements, you must tell us promptly, and we may suspend or close your account.

We reserve the right, but are not obligated, to limit the sales of our products or Services to any person, geographic region or jurisdiction. We may exercise this right on a case-by-case basis. We reserve the right to limit the quantities of any products or services that we offer.

All descriptions of products or product pricing are subject to change at any time without prior notice, at our sole discretion. Such price changes will apply only to new purchases and will not affect accounts already purchased or activated.

We reserve the right to discontinue any product at any time. We reserve the right to modify or discontinue the Service (accounts provided), or any part or content thereof, subject to the notice requirements outlined under "Changes to these Terms."

We shall not be liable to you or any third party for any modification, price change, suspension or discontinuance of the Service, except where such liability cannot be excluded under applicable law.

Where you have an active Ability Challenge (2-Step) and Ability One (1-Step), or FTP Instant Funding account at the time of a discontinuation, we will provide at least fourteen (14) days' notice where reasonably possible.

Governing Law and Jurisdiction.

These Terms, and any dispute or claim arising out of or in connection with them (including non-contractual disputes or claims), are governed by the laws of England and Wales. The courts of England and Wales have non-exclusive jurisdiction over any such dispute, without prejudice to any mandatory consumer-protection rights you have in your country of residence.

Personal Data

Your submission of personal information through the website and services is governed by our Privacy Policy.

Data Storage & Security

We are committed to ensuring the security and confidentiality of your personal data. All collected data is securely stored using industry-standard encryption and security measures to prevent unauthorised access, disclosure, or alteration. We implement strict access controls, data encryption, and secure storage solutions to safeguard your information.

Personal data will be retained only for as long as reasonably necessary to fulfil the purposes for which it was collected, including the provision of our Services, internal risk management, fraud prevention, dispute resolution, and compliance with applicable legal obligations.

Account information, KYC records, and historical trading data will generally be retained for five (5) years following account closure, where justified by the applicable processing purposes and legal requirements. Certain information may be retained for a longer or shorter period where required or permitted by applicable law.

Marketing information will be retained in accordance with applicable data protection laws and our marketing retention practices. Where consent is withdrawn, we will cease the processing based on that consent, subject to any lawful retention requirements.

Prohibited Uses

In addition to other prohibitions as set forth in the Terms of Service, you are prohibited from using the website or its content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the Internet; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape;

(j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Service or any related website, other websites, or the Internet. We reserve the right to terminate your use of the Service or any related website for violating any of the prohibited uses.

Payouts and Profit Sharing

Where a Trader disputes a payout decision, including a rejection, adjustment, or forfeiture of a payout, the Trader may request a review by contacting AudaCity Capital at support@audacity.capital.

AudaCity Capital reserves the right to investigate disputed payouts and review relevant trading activity, account records, and compliance with applicable trading rules. During an investigation, the processing of the affected payout may be temporarily suspended where reasonably necessary.

All reviews shall be conducted reasonably and in accordance with these Terms and Conditions and the applicable program rules. Upon completion of the review, AudaCity Capital will communicate its decision and provide a general explanation of the grounds for that decision, without being required to disclose confidential risk management procedures, proprietary detection methods, or sensitive internal information.

Nothing in this provision shall restrict any rights or remedies available to the Trader under applicable law.

Termination

These Terms and Conditions shall remain effective until terminated in accordance with their provisions.

A Trader may request the closure of their trading account and termination of their participation in the Services by contacting AudaCity Capital at support@audacity.capital.

Merely ceasing to visit the Website shall not automatically terminate an active trading account. However, accounts remain subject to the inactivity requirements and other applicable termination provisions of these Terms and Conditions.

Any rights or obligations accrued before termination shall remain subject to these Terms and applicable law.

Retention and Use of Historical Account Data

We reserve the right to retain, store, and analyze data relating to any previous accounts associated with you, including accounts that have been closed, suspended, terminated, expired, breached, or otherwise ceased to be active. Such historical data may be used for legitimate business purposes, including but not limited to internal risk management, compliance monitoring, fraud prevention and detection, performance analysis, dispute resolution, audit requirements, and assessing your eligibility for future participation in our services, products, programs, or promotions.

By using our services, you acknowledge and agree that we may rely on such historical account data when evaluating future applications, account requests, or continued access to our platform, subject to applicable laws and our Privacy Policy.

Historical account data will generally be retained for five (5) years following account closure, where justified by legitimate business purposes or applicable legal requirements. A longer or shorter retention period may apply where required or permitted under applicable law. Upon expiration of the applicable retention period, personal data will be securely deleted or anonymised unless continued retention is legally justified.

Trading Rules and Prohibited Practices

You must comply with the trading rules published in our Knowledge Center at https://audacity.capital/knowledge-center/, as we may update them from time to time. These rules apply to all Services, including the Ability Challenge (2-Step), Ability One (1-Step), and the FTP Instant Funding, and form part of these Terms. Where a Knowledge Center rule conflicts with a rule stated in these Terms, the rule in these Terms will apply.

Prohibited Practices. You must not use any of the following strategies or practices on any account:

(a) High-frequency trading (HFT): using Expert Advisors (EAs), bots or algorithms to open and close large volumes of trades within fractions of a second;

(b) Tick scalping: opening and closing trades within a very short window (2 minutes or below) to capture small price fluctuations;

(c) Hedging or group hedging: placing opposing buy and sell positions on the same instrument, whether within one account or across multiple accounts;

(d) Averaging down or martingale: increasing your position size after a loss, on the same losing idea, to recover previous losses;

(e) Dollar cost averaging (DCA): repeatedly adding to a losing position as price moves further against your original entry;

(f) Third-party Expert Advisors: running an EA, bot or algorithm that you did not personally build;

(g) Third-party account management: allowing anyone else to trade your account on your behalf;

(h) Copy trading: mirroring or duplicating another trader's trades onto your account;

(i) Grid trading: placing a pre-set series of buy and sell orders at fixed price intervals;

(j) One-sided bets during news: placing orders ahead of news releases purely to profit from the volatility spike;

(k) Exploiting system vulnerabilities: trading in a way that takes advantage of technical flaws, errors, bugs or pricing anomalies;

(l) Uncritical directional trading: repeatedly placing trades in one direction without any real market assessment;

(m) Automated multi-trade activity: using automated tools to open many positions simultaneously; and

(n) Lot size abuse: opening positions with a lot size that is disproportionately large relative to your account size.

(o) Weekend Gap Trading Rule: Traders are prohibited from intentionally exploiting price gaps that occur between the market close on Friday and the market reopening on Sunday or Monday.

This list is not exhaustive. Further detail and examples are set out in our Knowledge Center at https://audacity.capital/knowledge-center/trading-guidelines/#what-are-the-prohibited-strategies?.

Consequences of a breach.

Where we reasonably determine that you have engaged in a Prohibited Practice or breached any trading rule, we may, at our discretion: disregard the affected trades from your results; suspend or terminate your account with immediate effect; and decline any payout or refund associated with the affected activity. We will act reasonably in making this determination and, on request, will provide a general explanation of the category of conduct concerned.

These Terms and Conditions govern the rights and obligations of Traders participating in the trading programs offered by AudaCity Global LTD (trading as AudaCity Capital), including:

(a) Ability Challenge (2-Step);

(b) Ability One (1-Step); and

(c) FTP Instant Funding.

All three programs are governed by these Terms and Conditions and the applicable program-specific rules published in our Knowledge Center at https://audacity.capital/knowledge-center/.

While these programs operate under the same general framework, they may differ in their evaluation stages, profit targets, drawdown limits, trading requirements, fees, payout conditions, and other applicable parameters.

Traders are responsible for complying with the specific rules and requirements of their selected program, which form an integral part of these Terms and Conditions.

These Terms govern rights and obligations in connection with the use of services provided by AudaCity Global LTD (Registration Number: 15850) (the “Services”), offered mainly through the https://audacity.capital/ website (the “Website”). Please read these terms and conditions carefully. These terms and conditions govern your (“you”, “your”, or the “Trader”) rights and obligations in connection with the use of the Services, licensed under the International Brokerage and Clearing House Licence (L15850/WL) issued by the Union of Comoros, with a registered office at Hamchako, Mutsamudu, Anjouan, Union of Comoros. We also operate a UK office at 25 Cabot Square, Level 11, London, E14 4QZ United Kingdom.

You are under no obligation to use the Services if you do not agree or understand any portion of these Terms, nor should you use the Services unless you understand and agree to these Terms. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page AND the website periodically for changes.

We will give at least seven (7) calendar days’ notice, by email or through the User Area, before a material change takes effect. If you do not agree with a material change, you may close your account and stop using the Services before it takes effect.

Trading Programs and Evaluation Requirements

AudaCity Capital offers three trading programs:

(a) Ability Challenge (2-Step): A two-phase evaluation program requiring Traders to complete the applicable evaluation objectives before progressing to the next stage.

(b) Ability One (1-Step): A single-phase evaluation program requiring Traders to complete the applicable evaluation objectives before progressing to the next stage.

(c) FTP Instant Funding: A trading program that does not require completion of the standard evaluation stages and is subject to its own trading requirements and payout conditions.

The applicable profit targets, drawdown limits, minimum trading days, and other trading requirements for each program shall be governed by the relevant rules published in AudaCity Capital's Knowledge Center, which form part of these Terms and Conditions.

Trading Programs, Evaluation Stages and Trading Requirements

(a) Maximum Drawdown Limits

Traders must ensure that their account equity remains within the applicable maximum drawdown limits at all times.

The maximum drawdown limits are as follows:

1. Ability Challenge (2-Step):
   • Challenge Phase (Phase 1): 15%
   • Verification Phase (Phase 2): 10%
   • Funded Stage: 10%
2. Ability One (1-Step):
   • Challenge Phase: 6%
   • Funded Stage: 6%
3. FTP Instant Funding:
   • All applicable stages: 10%

The calculation and application of these limits shall follow the relevant program-specific rules published in AudaCity Capital's Knowledge Center.

(b) Maximum Daily Drawdown Limits

Traders must comply with the applicable daily drawdown limits throughout their participation in the selected program.

The daily drawdown limits are as follows:

1. Ability Challenge (2-Step):
   • Challenge Phase (Phase 1): 7.5%
   • Verification Phase (Phase 2): 5%
   • Funded Stage: 5%
2. Ability One (1-Step):
   • Challenge Phase: 3%
   • Funded Stage: 3%
3. FTP Instant Funding:
   • All applicable stages: 5%

Daily drawdown calculations, including applicable reset times and calculation methods, shall be governed by the specific risk management requirements published in AudaCity Capital's Knowledge Center.

(c) Profit Targets and Trading Objectives

Traders participating in an evaluation program must achieve the required profit targets while complying with all applicable trading rules.

The profit targets are as follows:

1. Ability Challenge (2-Step):
   • Challenge Phase (Phase 1): 10% of the initial account balance.
   • Verification Phase (Phase 2): 5% of the initial account balance.
2. Ability One (1-Step):
   • Challenge Phase: 10% of the initial account balance.
3. FTP Instant Funding:
   • No initial evaluation is required.

Achieving a profit target does not exempt a Trader from complying with any other applicable trading requirement.

(d) Minimum Trading Days

Traders must complete the minimum number of trading days required for their selected program or evaluation phase.

The minimum trading day requirements are as follows:

1. Ability Challenge (2-Step):
   • Challenge Phase (Phase 1): 4 trading days.
   • Verification Phase (Phase 2): 4 trading days.
   • Funded Stage: No minimum trading days.
2. Ability One (1-Step):
   • Challenge Phase: No minimum trading days.
   • Funded Stage: No minimum trading days.
3. FTP Instant Funding:
   • No minimum trading days.

The definition and calculation of a qualifying trading day shall follow the applicable program rules published in our Knowledge Center.

(e) Compliance with Trading Requirements

All Traders must comply with the applicable trading objectives, drawdown limits, minimum trading days, prohibited trading practices, and other requirements governing their selected program.

Where AudaCity Capital reasonably determines that a Trader has breached any applicable requirement, the account may be suspended, restricted, or terminated in accordance with the "Consequences of a Breach" provisions of these Terms and Conditions.

Further details regarding the calculation, application, and enforcement of program-specific trading requirements are published in our Knowledge Center at https://audacity.capital/knowledge-center/ and form an integral part of these Terms and Conditions.

Any material amendments affecting existing accounts shall be subject to the notice requirements outlined under "Changes to these Terms".

(f) Consistency Rule

The Consistency Rule evaluates the distribution of a Trader's profits across trading days to ensure that trading performance meets the requirements of the applicable program.

The following Consistency Rule limits apply:

1. Ability Challenge (2-Step): No Consistency Rule applies unless otherwise specified in the applicable program rules.
2. Ability One (1-Step): A maximum Consistency Score of 50% applies during the Funded Stage. This requirement does not apply during the evaluation stage.
3. FTP Instant Funding: A maximum Consistency Score of 35% applies.

The Consistency Score is calculated using the following formula:

Consistency % = (Best Trading Day Profit ÷ Total Net Profit) × 100

A Trader must have a positive Total Net Profit to satisfy the applicable Consistency Rule. The calculation period and treatment of trading costs shall be governed by the applicable program-specific rules published in our Knowledge Center.

Where a Trader has not satisfied the applicable Consistency Rule, the Trader shall not be eligible to receive the affected payout until the requirement is met, unless a different consequence is expressly provided under the applicable program rules.

(g) FTP Instant Funding Account Limit

A Trader may hold a maximum of one (1) active FTP Instant Funding account at any given time.

Traders are prohibited from maintaining multiple active FTP Instant Funding accounts, regardless of account size or purchase date.

AudaCity Capital reserves the right to review accounts associated with the same Trader and to take appropriate action where a violation of this restriction is reasonably established, in accordance with the Consequences of a Breach provisions of these Terms and Conditions.

This restriction applies specifically to FTP Instant Funding accounts and does not alter the account allocation limits applicable to other trading programs. For the purposes of this restriction, an active FTP (Instant Funding) account is an account that has been activated and has not been formally closed or terminated by AudaCity Capital. An account under temporary suspension or review shall continue to be considered active until its status is formally resolved.

Traders must ensure that any existing FTP (Instant Funding) account has been formally closed before activating another FTP (Instant Funding) account.

1.1 By registering on the Website or, where registration is not required, upon your first use of the Services, you enter into an agreement with the Provider for the provision of the Services you have selected. These Terms and Conditions form an integral part of that agreement, and by registering for or using the Services, you agree to be bound by these Terms.

1.2 The Services are only intended for persons at the age of 18 or over residing in the country for which the Services are available. By registering on the Website, you confirm that you are 18 or over years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.

1.3 Any new features, tools, or services added to the Website or trading platform shall also be subject to these Terms and Conditions.

1.4 Ability Challenge (2-Step), Ability One (1-Step), and FTP Instant Funding are separate trading programs governed by these Terms and Conditions. Each program is subject to its applicable trading objectives, risk management parameters, payout conditions, and other requirements published in our Knowledge Center, which form part of these Terms and Conditions.

2.1 The Services primarily consist of the provision of tools for simulated trading on financial markets. All trading programs, including Ability Challenge (2-Step), Ability One (1-Step), and FTP (Instant Funding), initially operate in a simulated trading environment using fictitious funds and market data.

2.2 Traders acknowledge that trading activities conducted in the simulated environment do not involve the direct execution of their orders in live financial markets. The funds provided for simulated trading are fictitious, and Traders have no ownership rights over such funds or entitlement to withdraw the simulated account balance.

2.3 AudaCity Capital reserves the right, at its discretion and based on internal risk management assessments, to transfer eligible Traders to a live trading environment using the Provider's own capital at any stage of their participation. Such transfer is not guaranteed and shall remain subject to these Terms and Conditions and the applicable trading rules.

2.4 All payouts and profit-sharing arrangements are subject to the eligibility requirements, profit-sharing percentages, processing conditions, and applicable trading rules published in our Knowledge Center, which form an integral part of these Terms and Conditions.

Traders may request payouts only when they satisfy the applicable requirements of their selected program. AudaCity Capital may review payout requests to verify compliance with these Terms and Conditions and the relevant program rules.

2.5 Traders shall not be required to cover trading losses incurred through simulated trading. Where a Trader is transferred to a live trading environment, the Provider shall bear the capital risk associated with trading conducted using its own funds, subject to applicable law.

2.6 Failure to engage in trading activity on a trading account for a consecutive six-month period will result in the termination of the account due to inactivity.

3.1 The registration fees for Ability Challenge (2-Step), Ability One (1-Step), and FTP (Instant Funding) vary depending on the selected program and account size. The applicable fees and available options are displayed on our Website, and the final amount payable will be confirmed at checkout before the purchase is completed.

Registration fees are charged for access to the selected trading program and its associated Services. AudaCity Capital may offer promotional pricing or individually agreed conditions at its discretion, subject to applicable law.

3.2 Registration fees are generally non-refundable once the Trader has commenced using the selected trading program, except where otherwise provided under these Terms and Conditions or required by applicable law.

Failure to complete an evaluation, achieve a trading objective, qualify for a payout, or maintain an active trading account does not, by itself, entitle a Trader to a refund.

Traders participating in Ability Challenge (2-Step) may separately qualify for a registration fee reimbursement as a program benefit, subject to the applicable conditions published in our Knowledge Center. This benefit does not apply to Ability One (1-Step) or FTP (Instant Funding).

If a Trader has a concern about a fee charged, the Trader may contact support@audacity.capital. Nothing in these Terms restricts any right to raise a payment dispute with a bank or payment provider where legally permitted.

3.3 The fees for the Ability Challenge (2-Step), Ability One (1-Step), and FTP (Instant Funding) options are displayed in United States Dollars (USD), Great British Pounds (GBP), and Euros (EUR). Payments may also be accepted in other currencies depending on the payment methods available. Where currency conversion is required, the applicable exchange rate and any additional conversion fees shall be determined by the relevant payment provider or financial institution. The final transaction amount and payment currency will be displayed at checkout before the purchase is completed.

3.4 You can pay the fee for the selected option of the Ability Challenge (2-Step), Ability One (1-Step), and FTP (Instant Funding) by a payment card, via a bank transfer, or using other means of payment that the Provider currently offers on the Website.

3.5 Where a Trader qualifies as a Consumer and has a statutory right to withdraw from or cancel a purchase, that right shall apply in accordance with the relevant consumer protection laws.

A Trader wishing to exercise an applicable withdrawal right may contact support@audacity.capital within the relevant statutory period.

Where the Trader requests that the Services begin during an applicable withdrawal period, any resulting effect on the right to withdraw, or any permitted deduction for Services already provided, shall be determined in accordance with applicable law and the required consumer acknowledgements.

Nothing in this clause excludes or restricts any statutory cancellation or refund right.

4.1 The Trader participates in AudaCity Capital's trading programs as an independent participant and shall not, solely by participating in the program, be considered an employee, partner, representative, or agent of AudaCity Capital.

4.2 AudaCity Capital reserves the right, at its discretion and based on internal risk management assessments, to transfer eligible Traders from a simulated trading environment to a live trading environment using provider’s own capital. Such transfer shall not require separate terms and conditions, and these Terms and Conditions shall continue to govern the Trader's participation in the program.

4.3 Where a Trader operates in a live trading environment, the Trader shall remain subject to AudaCity Capital's trading rules, risk management requirements, and applicable payout conditions. The transfer to a live trading environment shall not, by itself, establish an employment relationship, and the Trader's legal status shall be determined in accordance with applicable law.

4.4 The Trader shall be responsible for any applicable tax obligations arising from remuneration or payouts received through participation in AudaCity Capital's programs, to the extent required by applicable law.

4.5 Participation in any AudaCity Capital trading program, whether in a simulated or live trading environment, does not automatically classify the Trader as a professional client or exclude the Trader from applicable consumer protection rights. Any such classification shall be determined in accordance with applicable laws and regulations.