Hi Eugene,
Thank you for your feedback.
We understand your concerns and appreciate the opportunity to clarify how the daily drawdown works in our programme.
The daily drawdown policy is fully disclosed on our website along with detailed examples, which can be reviewed here:
https://audacity.capital/en/knowledge-center/ability-challenge
To clarify, the daily drawdown is calculated as 7.5% (5% during verification) of the highest balance or equity reached during the trading day, whichever is greater. This means that if your equity increases during the day, your daily drawdown threshold moves up accordingly.
While this rule is strict, it is in place to ensure consistency, fairness and proper risk management across all traders.
We regret if this caused any confusion, but please note this is not an undisclosed rule it is clearly outlined on our website together with scenarios demonstrating exactly how it works.
We are committed to transparency and fairness for all traders and we encourage you to revisit the link above for the full explanation.
If you have any additional questions, please do not hesitate to reach out to our support team, who will be happy to assist further.
Audacity Capital
