- 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.
FTUK
- Instant funding with a single-phase evaluation and 4.6/5 Trustpilot rating.
- Supportive team allowing weekend/overnight positions and news trading.
- Zero commission on various assets, no swap charges, and swift payouts.
- 80% profit share, 1:100 leverage, and manage up to 3x $5,760,000.
Cons ❌
Audacity Capital
- No free trial
- No trading or holding over the weekend
- 50% profit split
- Monthly platform charges
FTUK
- Starting leverage of 1:10
- 2% Max stop loss risk limit
- Lot size consistency rule
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
FTUK
Lot Size Consistency, Maximum Loss, No Martingale Allowed, Profit Target, Stop Loss Required, Stop Loss Risk Per Position, Third Party Copy Trading Risk
Audacity Capital emerges as a formidable entity in retail trading offering direct funding up to an impressive $500,000 without the need for an evaluation phase. Retail traders give it a thumbs up with an exceptional Trustpilot rating of 4.7 out of 5, which speaks volumes about its customer service quality. The firm promotes growth with an unrestricted scaling plan and a safety net of a 10% fixed drawdown. Traders are not confined by time as they can hold positions overnight from Monday to Friday, with the incentive of doubling their account upon reaching 10% profit. Another enticing feature is the forgiveness policy which includes a free retake and a 14-day extension for users who face challenges during the Ability Challenge.
Audacity Capital Limitations
However, not all that glitters is gold. Audacity Capital does come with some caveats. The absence of a free trial could deter those who prefer to test the waters before committing. Weekends are a no-go for trading or holding positions, which might be a letdown for some. Traders are limited to a 50% profit share, which might seem ungenerous when compared to some competitors. Furthermore, the burden of monthly platform charges could be a deterrent for those looking for an all-inclusive offering.
FTUK at a Glance
FTUK counters with its own set of strengths that cater to progressive traders. Instant funding post a single-phase evaluation makes it accessible, and its commendable 4.6 Trustpilot rating ensures reliability. The support structure of the team stands out, as it not only allows weekend and overnight positions but also news trading. Economically, it ticks the right boxes by waiving commission on a plethora of assets, charging no swaps, and assuring swift payouts. The financial proposition is attractive with an 80% profit share, 1:100 leverage, and the management of sizable accounts multiplying up to $5,760,000.
FTUK's Conditions and Limitations
Nonetheless, FTUK does enforce some restrictions. The platform commences with a relatively low starting leverage of 1:10 and imposes a 2% maximum stop loss risk limit which could be perceived as conservative. Furthermore, the lot size consistency rule demands a methodical trading approach, which might clash with certain trading strategies.
Trade Experience and Funds Management
When it comes to managing and growing accounts, both firms enact rules that safeguard their capital as well as motivate traders to embrace consistency and discipline. Audacity Capital’s strict "No News Trading" and "No Weekend Holding" policies hamper traders who seek to capitalize on market events. In contrast, FTUK prohibits martingale strategies, indicative of its risk-averse approach, and requires strict adherence to stop loss placement, safeguarding both the trader and firm.
Financial Transactions Accessibility
Deposits and withdrawals are key operational components of any trading firm. Audacity Capital offers bank wire transfers, credit/debit cards, and crypto as avenues for these transactions; withdraws can be conducted through the same channels minus the credit cards. FTUK extends options for deposits and withdrawals similarly but adds Deel, an international payroll solution, as another method for fund withdrawal, offering extra convenience for certain traders.
Account Offerings and Trading Instruments
Diversity in account offerings and trading instruments is where these firms present their unique flavors. Audacity Capital provides accounts denominated in USD with a diverse range of instruments including commodities, forex, and indices, while FTUK broadens the horizon with additional metals and the option for EUR and GBP account currencies, catering to a more international clientele.
Foundational Reliability
In terms of establishment, Audacity Capital has the edge with experience since January 2014, which can be reassuring for traders looking for a firm with a longer track record. On the other side, FTUK, founded in December 2021, could be regarded as a newer player bringing fresh perspectives to the industry.
In conclusion, both Audacity Capital and FTUK offer compelling features for traders looking for proprietary trading opportunities. The choice between the two will largely depend on individual trader preferences pertaining to leverage, profit sharing, trading strategies, and risk appetite. Traders are encouraged to thoroughly review the unique offerings of each firm to find the best fit for their trading style and financial goals.
