Audacity Capital Review

Aiming to empower traders, AudaCity Capital, a London-based prop firm, provides funding accounts of up to $500k.

Driven by a passion to see their traders flourish, Audacity Capital allows them to harness up to $2,000,000 for their trades. To be funded, you either navigate their unique 3-step assessment phase or complete a two-tier evaluation challenge. Triumph in these stages earns you a handsome 50% or 75% of your profits, based on your selected funding program.

Who are Audacity Capital?

Founded with an ambition to champion traders in 2012, the formal establishment of Audacity Capital transpired on January 28, 2014. Nestled in London, UK, they offer clients the opportunity to handle a whopping $2,000,000 in capital. A partnership with an institutional liquidity provider bestows them with market advantages such as deep liquidity sans commissions or trade swaps, complemented by competitive spreads.

Their operational hub sits at The Frames 1 Phipp Street, London EC2A 4PS, England – United Kingdom.

Funding program options

Audacity Capital presents two distinct funding programs:

1. Funded Trader Program
2. Ability Challenge

Funded Trader Program account

This program from Audacity Capital is quite distinctive, encompassing a three-tier assessment phase and offering a 1:5 leverage.

1. Application: Prospective traders must initiate their journey with an application, providing insights into their trading trajectory and methodologies.
2. Interview: If London-based, an in-person interview awaits at their trading floor. However, for those residing outside London, a telephonic interview suffices.
3. Outcome: Within a day, you'll know your fate. An approval sees them dispatching a contract for official formalities and account credentials. Once you settle the joining fee (£298) and the monthly charge (£99), you're all set to start trading on your $15,000 account.

Accomplishing all these phases and clearing the fees sets you up to trade and rake in profits. The prime regulation is the 10% loss cap, but there are no constraints on trading days. Profits can be withdrawn upon hitting the 10% profit benchmark, and your profit division stands at 50%.

Funded Trader Program account scaling plan

This program features a robust scaling plan. Attain a 10% profit and you not only get to pocket your share but also see your account balance soar.

For this program, the primary trading instruments are forex pairs. But, after elevating your account to $120,000, you can seek permissions to trade commodities and indices.

Funded Trader Program account rules

• Profit Target: Set at 10%, this is the profit percentage you need to achieve either for account scaling or profit withdrawal.
• Maximum Loss: This denotes the upper loss limit, pegged at 10%, beyond which the account stands violated.
• Lot Size Limit: Traders are to adhere to specific lot sizes, generally based on the prop firm's initial account balance.
• No News Trading: Trading during high-impact news periods is prohibited.
• No Weekend Holding: Keeping open positions over the weekend isn't generally allowed, though exceptions can be made upon request.

Ability Challenge Accounts

Audacity Capital’s Ability Challenge account is designed to spotlight traders who exhibit consistency and discipline. Successful participants of this two-phase evaluation are rewarded for their unwavering performance. The Ability Challenge lets traders operate with a 1:100 leverage.

During the Ability Challenge Phase One, a trader is tasked with achieving a profit margin of 10%. They must avoid exceeding the 7.5% maximum daily loss and the 15% overall maximum loss threshold. Participants should engage in trading for at least 7 calendar days and aim to reach their profit target within 30 days, starting from the day they initiate their first trade in this challenge.

Ability Challenge Phase Two stipulates traders to accomplish a profit goal of 10%, ensuring not to cross the 5% daily loss limit or the 10% overall loss limit. Again, a minimum of 7 calendar days of trading is mandatory, and the profit goal should be met within 60 days from the inception of the first trade in this phase.

On successful completion of both Ability Challenge phases, traders are rewarded with a funded account devoid of profit targets. They need only adhere to the 5% daily loss cap and the 10% overall loss limit. The initial payout is scheduled 30 days post the initiation of the first trade on this funded account. During this interval, participants must trade for a minimum of 7 calendar days while maintaining consistent lot sizes. Remarkably, profits earned on this funded account offer a lucrative 75% split. Also, remember that Ability Challenge accounts qualify for a complimentary retake and an extension of 14 calendar days, subject to meeting specific criteria.

Ability Challenge Account Scaling Plan

The Ability Challenge account is not devoid of its own scaling plan. Enabling traders to elevate their accounts periodically, they can eventually amass a balance up to $2,000,000.

For these accounts, the primary trading instruments include forex pairs, followed by commodities and indices.

Ability Challenge Account Guidelines

• Profit Target: For Phase One, the goal is 10% profit, while Phase Two demands 5%. However, funded accounts are free of profit benchmarks.
• Daily Loss Limit: Phase One allows a leeway of 7.5%, Phase Two and funded accounts restrict to 5%.
• Overall Loss Limit: Set at 15% for Phase One, this drops to 10% for Phase Two and funded accounts.
• Trading Days Minimum: A consistent requirement across all phases, including the funded account, is to trade for at least 7 days.
• Trading Days Maximum: Phase One gives traders 30 days, while Phase Two extends this to 60 days, to achieve their profit goals.
• News Trading: Trading during significant news releases is disallowed, except during the Ability Challenge phases.
• Weekend Holding: Keeping trades open over weekends isn't usually permitted. However, exceptions exist during the Ability Challenge phases, provided prior permission is obtained.
• Consistency Rule: Ensuring stable trading behaviors, this rule expects traders to maintain uniform position sizes, risk management tactics, and other trading parameters. This ensures the account outcomes do not display vast variances.

For clarity, the Audacity Capital’s Funded Trader Program (spanning three assessment phases) and the Ability Challenge (a two-tiered challenge) operate via separate websites.

What sets Audacity Capital apart from other prop firms?

Unlike many renowned prop firms, Audacity Capital boasts two distinct funding programs: the Funded Trader Program and the Ability Challenge account. Moreover, they provide clear rules, placing minimal constraints on traders.

Distinctively, the Funded Trader Program at Audacity Capital necessitates a three-stage assessment inclusive of an interview. This aids the firm in assessing if the trader is adept at handling the company's funds. With a profit target set at 10%, traders can not only withdraw but also double their account balance.

The Ability Challenge by Audacity Capital is a bifurcated evaluation scheme, obliging traders to clear both phases to become payout-eligible. While the first phase's profit goal stands at 10%, the second phase demands 5%. Furthermore, specific loss regulations include a daily 7.5% and total 15% cap in phase one, adjusting to 5% daily and 10% overall in phase two. Each phase mandates a minimum of 7 trading days before gaining funded status. In comparison to top prop firms, the profit targets and trading day minimums offered by Audacity are typical.

Comparison between Audacity Capital & FundedNext:

Comparison between Audacity Capital & True Forex Funds:

Comparison between Audacity Capital & E8 Funding:

To summarize, Audacity Capital stands out by presenting dual funding schemes. They maintain clear guidelines and restrict traders minimally.

Is procuring funds from Audacity Capital feasible?

When scouting prop firms that resonate with one's forex trading modus operandi, it's crucial to gauge the viability of trading preconditions. A high-profit split on a substantially funded account sounds attractive. Yet, if unrealistic gains are demanded coupled with stringent drawdowns, success chances dwindle.

Accessing capital via the Funded Trader Program is attainable, especially for seasoned traders. Presenting one's track record and trading tactic during an interview can pave the way to securing funding sans any additional hurdles.

The Ability Challenge also appears realistic, with average profit aims and above-par loss stipulations.

Factoring in all aspects, Audacity Capital emerges as a promising platform, proffering two diverse, pragmatic funding paths with clear payout conditions.

Proof of Payment

Established in 2012 and incorporated on 28th January 2014, Audacity Capital's payment evidence is predominantly showcased on their YouTube channel via trader interviews. Two exemplar videos can be found below:

Broker Association with Audacity Capital

Instead of affiliating with popular broker brands, Audacity Capital has forged a partnership with an institutional liquidity provider. This ensures profound market liquidity, zero commissions or swaps, and competitive spreads. For traders, MetaTrader 4 serves as the preferred trading platform.

Trading instruments

At Audacity Capital, you can trade with forex minors and majors. You can trade with commodities or indices until you can show that you have improved and thus get approval by their team members.

Trading fees

Trading commission:

Spread:

Using these login credentials, you can access the trading account below to have a look at the live spreads:

[Option 1]

Platform: MetaTrader 4

Server: AudaCity-DEMO

Login Number: 1109409605

Password: pRL7swp

‍Download Platform: Click here

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[Option 2]

Platform: MetaTrader 5

Server: AudaCityGlobal-Live

Login Number: 50200

Password: 1vvcotgo

‍Download Platform: Click here

Educational Resources & Support for Traders

On its website, Audacity Capital offers a trading guides section, accessiblehere. This section offers insights into trading strategies, forex tools, and information about currency pairs, providing foundational knowledge to assist in your trading journey.

While Audacity Capital doesn't have a direct thread on ForexFactory, there's another thread named "PROP FIRM HUB," curated by MasterrMind, in which Audacity Capital is frequently discussed.

To view the mentioned thread, clhere.

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Feedback from Traders on Audacity Capital

Audacity Capital garners impressive reviews from its users.

Their presence on Trustpilot showcases a broad spectrum of positive feedback, achieving a commendable score of 4.7/5 from a total of 935 reviews. Their support team is known for its responsiveness and reliability, always ready to provide necessary details or address any queries.

A significant portion of their user base extols their customer service for its promptness and effectiveness. They extend all the requisite support to their clients, ensuring optimal conditions for their success.

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Further feedback indicates the firm's favorable trading conditions, including competitive low spreads, a compelling scaling plan up to $500,000, and risk management guidelines that are very beneficial.

Social Media Presence

You can also find Audacity Capital active on various social media platforms:

• Their Facebook page boasts 6.3k followers,
• Their Twitter profile has 2,794 followers,
• Their LinkedIn page is followed by 2,973 professionals,
• Their Instagram account has a following of 10.6k, and
• Their YouTube channel has accumulated 5.08k subscribers with 678 videos available.

Assistance & Support

For any inquiries or clarifications, Audacity Capital offers an FAQ page.

You can engage with their support team via their social media channels or directly approach them by submitting a request on their website here.

Direct email communication is available at: support@audacitycapital.co.uk.

For those who prefer phone conversations, they're reachable at: +44 20 8050 1985.

Final Thoughts

In essence, Audacity Capital stands as a credible prop trading firm, providing live funding to traders after assessing their prior trading performance. Once approved, traders need to cater to a one-off fee along with a monthly platform charge to operate with an initial capital of $15,000. They also host the Ability Challenge, a standard two-stage evaluation.

Their Funded Trader Program encompasses a tri-step review that entails a personal interview to gauge if the trader is fit to handle the firm's capital. Upon achieving a profit margin of 10%, traders can withdraw and double their account, capping at $480,000.

Their Ability Challenge is a two-tier assessment demanding completion of both phases before accessing funding and securing profit shares. Traders need to meet profit thresholds of 10% in the first phase and 5% in the subsequent one, with feasible trading goals. The evaluation programs present an opportunity to secure 75% of profit shares, with the potential to amplify accounts up to $2,000,000.

For anyone in pursuit of a trustworthy and established prop firm, Audacity Capital emerges as a top choice, given its transparent guidelines and minimal restrictions. With all factors in view, they undeniably rank among the top-tier prop trading entities in the market.

This comprehensive review of Audacity Capital was most recently updated on 01.06.2023 at 10:37 (CE(S)T).

We're eager to hear your thoughts on the framework of this Proprietary Trading firm. Does Audacity Capital cater to your trading preferences?

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