Is identity verification mandatory at Audacity Capital, and at which stage does KYC occur?

💡 Answer

Is KYC Required at Audacity Capital?

No

At what stage traders must go through identity verification at Audacity Capital?

KYC is required before account activation and again before processing payouts. Audacity states KYC includes proof of identity (government-issued photo ID) and a selfie, and may need to be resubmitted for compliance.

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Audacity Capital vs Funded Firm vs FXIFY - Prop Firm Comparison (March 2026)

Side-by-side comparison of Audacity Capital vs Funded Firm vs FXIFY. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.

Audacity Capital vs Funded Firm vs FXIFY - Prop Firm Comparison (March 2026)
Audacity Capital
Audacity Capital is a proprietary trading firm founded in 2012 in London that offers multiple funding paths including the Ability Challenge evaluation and a Funded Trader Program, advertising accounts up to $2,000,000, profit share up to 90%, and trading via...
Funded Firm
FundedFirm is a UK-based proprietary trading firm launched in 2024. It offers 1‑Step and 2‑Step evaluation programs with unlimited time, allowing traders to trade forex, metals, indices, energies and cryptocurrencies on MT5. With leverage up to 1:100 (1:50 for crypto),...
FXIFY
FXIFY is a broker-backed prop firm (FXIFY Markets Ltd, licensed in Labuan, Malaysia) offering One Phase, Two Phase and Three Phase evaluations, an Instant Funding path, and a 7-day Lightning Challenge, with up to 90% performance splits, on-demand payouts on...
Overview
Trustpilot Rating 0 0 4.4
Trustpilot Reviews 0 0 5,320
Headquarters United Kingdom United Kingdom Malaysia
Age (Years) 14 2 N/A
Max Funding $2,000,000 $100,000 $4,000,000
Profit Split Start 50% 90% 80%
Profit Split Max 90% 100% 90%
Platforms MT5 mt5 MT4 MT5 DXtrade
Assets Forex Commodities Forex Precious Metals Indices Energies Cryptocurrencies FX Metals Indices Commodities Stocks Crypto
Leverage
FX Leverage 100 100 50
Metals Leverage 100 100 50
Crypto Leverage 2 50 1
Risk & Drawdown Rules
Max Daily Loss Maximum Daily LossAbility Challenge uses a static daily drawdown that resets at rollover (00:00 GMT+2): 7.5% during the Challenge stage and 5% during the Verification stage. Audacity also states the Ability Live phase daily drawdown is 5%. The Funded Trader Program (FTP) uses a 5% trailing daily drawdown (moves up with equity highs). 3–5 Maximum Daily LossFXIFY's daily drawdown limits are program-specific. FXIFY provides examples showing One Phase uses a 3% daily drawdown, while Two Phase uses a 4% daily drawdown. Daily drawdown is monitored alongside max drawdown thresholds, and traders should plan withdrawals and risk so that intraday equity does not breach the daily limit.
Max Total Loss Maximum Overall LossAbility Challenge maximum drawdown is 15% in the Challenge stage and 10% in the Verification stage (and the firm also references a 10% maximum drawdown in the Ability Live phase). FTP maximum total drawdown is 10% from the initial balance. Ability One lists a 6% absolute drawdown. 6–10 Maximum Overall LossFXIFY provides examples showing One Phase accounts use a 6% max drawdown and Two Phase accounts use a 10% max drawdown. For Three Phase, FXIFY describes a static drawdown option where max drawdown is set at 5% and remains static for the life of the account.
Drawdown Type Drawdown ModelAudacity's Ability Challenge and Verification stages are described as using a static drawdown system with daily limits resetting at rollover (00:00 GMT+2). FTP uses a trailing drawdown model (daily DD 5% trailing). Ability One uses static drawdown (3% daily and 6% absolute). Fixed (daily 3–5% of starting equity; overall 6–10% of initial balance) Drawdown ModelFXIFY supports both trailing-style drawdown mechanics and an optional static drawdown mode (notably for 2-Phase and 3-Phase). FXIFY also explains that on 1- and 2-Phase accounts, when a withdrawal is requested, the max drawdown “locks” at the starting balance, meaning profit withdrawals reduce the buffer created by gains and can increase breach risk if no buffer remains.
Payouts
Payout Frequency Payout FrequencyAbility Challenge: first payout can be requested 30 days after the first trade on the Ability Live account, then payouts may be requested bi-weekly. FTP: payouts can be requested once a 10% profit milestone is reached (profit share varies by account size and time-to-target). Payouts can be requested weekly, bi‑weekly or monthly. Weekly cycles provide a 60% profit split, bi‑weekly cycles 80%, and monthly cycles up to 100%. Payouts for weekly and bi‑weekly plans are released every Wednesday starting from the second week after the account is opened. Payout FrequencyInstant Funding: FXIFY states Instant Funding accounts offer payouts every 14 days. Evaluation programs (1-Phase, 2-Phase, 3-Phase): FXIFY states the first payout is instant and on demand, processed right after the trader's first live trade in the funded account.
Days to First Payout 30 7 0
Payout Processing Time 14 1 0
Payout Methods Bank Transfer PayPal Cryptocurrency Bank transfer UPI BTC USDT TRC20 USDT BEP20 USDT ERC20 Crypto Bank Transfer
Payments
Payment Methods Credit/Debit Card PayPal Cryptocurrency UPI Bitcoin USDT TRC20 USDT BEP20 USDT ERC20 Credit/Debit Card Crypto
Trading Permissions
News Trading Ability Challenge: news trading is permitted during news events in both challenge phases and on the Ability Live account. FTP: holding open positions is prohibited during significant news events; traders must wait 30 minutes after the release once notified by the risk team. News trading is allowed on all account types. Traders may open and close positions during high‑impact news releases. News trading rules are defined by FXIFY program terms and platform rules; traders should follow FXIFY's compliance guidance and avoid any prohibited behavior, especially around extreme volatility where drawdown breaches can occur quickly.
Weekend Trades Allowed: Ability Challenge (including Ability Live) allows weekend holding; Ability One also allows weekend holding, subject to drawdown limits. Overnight and weekend holding is allowed without restrictions. FXIFY advertises the ability to hold positions over the weekend on supported programs/instruments, subject to market hours, symbol availability, and account objectives.
Copy Trading Audacity Capital allows copy trading, subject to specific restrictions designed to ensure that all trades originate from the trader’s own strategy and accounts. Permitted Copy Trading Own Accounts: Copying trades between your own Audacity Capital accounts is permitted. External Personal Accounts: Copying trades from your personal trading accounts with other brokers or prop firms into your Audacity Capital account is allowed. Verification of the source account may be required. EAs / Automated Systems: Expert Advisors and other automated trading tools... Copy trading and mirroring strategies across accounts are prohibited. Copy trading is allowed between your own FXIFY accounts and from FXIFY accounts to other accounts. To copy from an external account into a FXIFY account, FXIFY requires submission of the master account statement in HTML format beforehand, and copying from a third party is prohibited.
EA Allowed EA Guidelines and Restrictions Permitted Use: Expert Advisors (EAs) are generally allowed on MetaTrader 5 (MT5) for both the Ability Challenge and the Funded Trader Program. Prohibited EA Strategies: The following automated trading styles are strictly forbidden and may result in account termination: High-Frequency Trading (HFT) and Tick Scalping: Not permitted. Martingale or Averaging Down Strategies: Not permitted. Latency Arbitrage: Any form of latency arbitrage or exploitation of system vulnerabilities is strictly prohibited. Grid Trading: Not permitted. Third-Party EAs: While... Expert Advisors (EAs) and automated trading tools are not allowed. 1
KYC & Restrictions
KYC Required No No Yes
KYC Stage KYC is required before account activation and again before processing payouts. Audacity states KYC includes proof of identity (government-issued photo ID) and a selfie, and may need to be resubmitted for compliance. KYC/AML verification is required before the first payout. Traders may need to provide government‑issued ID and proof of address to satisfy compliance checks. KYC is required as part of FXIFY's AML/KYC compliance process before traders can fully access withdrawals/performance fees. If a trader cannot pass KYC, FXIFY's policy explains this impacts their ability to proceed under the program's compliance requirements.
Restricted Countries Bangladesh Belarus Burma (Myanmar) Central African Republic Crimea Donetsk and Luhansk regions of Ukraine Cuba Democratic Republic of the Congo Iran Iraq Lebanon Libya North Korea Pakistan Russia Somalia Sudan Syria United States and its territories (including American Samoa Guam Northern Mariana Islands Puerto Rico and the U.S. Virgin Islands) Venezuela Yemen No specific list of restricted countries is published but services may not be available in sanctioned jurisdictions such as North Korea Iran Syria and other high‑risk regions. United States Zimbabwe Iran Iraq North Korea Somalia Vietnam Burundi Central African Republic Ivory Coast Liberia Libya Sudan Cuba Syria Afghanistan Yemen Palestine Myanmar Nicaragua Congo Republic Crimea Democratic Republic of Congo Eritrea Guinea Guinea-Bissau Papua New Guinea South Sudan Vanuatu Venezuela Algeria Russia Kenya Ghana

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