- Direct funding up to $500,000 without evaluation.
- Trustpilot rating of 4.7/5 and excellent customer service.
- Scaling plan with unrestricted timeframe and 10% fixed drawdown.
- Flexibility: Overnight holding (Mon - Fri) and account doubling at 10% profit.
- Benefits: Free retake & 14-day extension for Ability Challenge.
FTMO
- Over 4k Trustpilot reviews at 4.9/5 with exceptional 24/7 customer support.
- Trading Psychologist available, scaling plan, and CEO's public visibility.
- Free trial, infinite evaluation retries, and bi-weekly payments at 80%-90% profit.
- Flexible trading: no cap on duration, minimum 4 days, 1:100 leverage, and diverse tools.
Cons ❌
Audacity Capital
- No free trial
- No trading or holding over the weekend
- 50% profit split
- Monthly platform charges
FTMO
- Educational videos suit beginners more
- Maximum of 2 accounts at $200,000 each
Rules 📋
Audacity Capital
Consistency Rule, Lot Size Limit, Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, No News Trading, No Weekend Holding, Profit Target
FTMO
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Audacity Capital offers direct funding up to $500,000 without the need for an evaluation phase, presenting an immediate opportunity for seasoned traders who wish to manage significant capital. This firm sets itself apart with a substantial Trustpilot rating of 4.7 out of 5, indicating strong customer satisfaction and exemplary service. For dedicated traders, its scaling plan boasts an unrestricted timeframe and a fixed 10% drawdown that provides ample breathing room for risk management.
Moreover, flexibility is a key advantage here, with policies allowing overnight holding from Monday through Friday, encouraging swing trading strategies, and account doubling at a 10% profit to incentivize trader success. Additional perks such as a free retake and a 14-day extension for the Ability Challenge demonstrate Audacity Capital's commitment to supporting traders’ career growth.
Audacity Capital Limitations
However, there are limitations that traders must weigh. The absence of a free trial may deter those who prefer to test the waters before committing, and the policy against weekend holding might not suit all trading styles. Also, the 50% profit split is less competitive when compared to some other prop firms. Furthermore, the monthly platform charges could be a turn-off for those looking to maximize their earnings.
FTMO's Strong Suits
FTMO shines with a stellar Trustpilot score of 4.9 out of 5 garnered from over 4,000 reviews, indicating a high level of trader satisfaction, bolstered by round-the-clock customer support. Aside from that, the firm provides a psychological edge with access to a Trading Psychologist—an invaluable resource for traders needing mental and strategic guidance. Transparency and leadership are clear, with the CEO’s public visibility instilling additional confidence.
The firm also offers a multitude of opportunities such as a free trial, endless evaluation retries, and an appealing 80%-90% profit payout bi-weekly. Traders enjoy considerable flexibility, benefiting from a generous 1:100 leverage and no restrictions on trade duration, which is coupled with an extensive selection of trading tools for optimum strategy execution.
FTMO's Flaws and Educational Focus
Yet, FTMO is not without its drawbacks. While the firm fosters beginner success with its array of educational videos, more advanced traders may find these resources less challenging. Additionally, there’s a cap on account sizes, limiting traders to a maximum of two accounts at $200,000 each, which may not suffice for those seeking to manage larger sums of money.
Comparing Trading Rules and Conditions
When it comes to trading rules, both Audacity Capital and FTMO have standard policies such as Maximum Daily Loss, Maximum Loss, Minimum Trading Days, and Profit Targets to protect their investments and enforce discipline. However, Audacity Capital imposes a Lot Size Limit and a Consistency Rule, which may restrict certain trading styles, while FTMO integrates Risk management with third-party copy trading and EA (Expert Advisor) policies.
Fundamentals: Deposits, Withdrawals, and Tradable Instruments
The fundamentals of trading with either firm are largely similar: both offer deposit and withdrawal via Bank Wire Transfer and Crypto, making fund transfer relatively convenient. Yet, FTMO presents a larger variety of account currencies and tradeable instruments, including the addition of Bonds, Stocks, and Metals to the usual commodities, indices, and Forex pairs that Audacity Capital offers. Such diversity grants traders a broader spectrum for potential market engagement.
Conclusion: Established Firms with Different Trader Appeals
To summarize, Audacity Capital and FTMO offer distinct advantages and draw diverse trader profiles. With its direct funding and trader-centric benefits, Audacity Capital may appeal to traders who are confident in their strategies and desire immediate access to substantial capital without an evaluation. Meanwhile, FTMO, with its extensive support system and educational focus, may be better suited for those at the beginning or intermediary stages of their trading careers looking to develop a robust trading mindset while benefitting from flexible trading conditions and a more extensive range of instruments. However, traders must carefully consider the cost-benefit implications of platform charges, profit splits, and trading restrictions before making their choice.
