Audacity Capital vs Funded Trading Plus

Audacity Capital Overview

Established in January 2014, Audacity Capital has carved out a respectable niche in the proprietary trading firm sphere. It stands out chiefly for its direct funding approach which eschews the traditional evaluation process, offering up to $500,000 to traders without a prerequisite assessment. An exemplary Trustpilot rating of 4.7 out of 5 bolsters its reputation, signaling a strong accord with its user base concerning customer service. The firm promotes a scaling plan free from temporal constraints, coupled with a generous 10% fixed drawdown allowance. The flexibility demonstrated by Audacity Capital is noteworthy; trades can be held overnight during the week and traders can expect their account to be doubled upon achieving 10% profit. Additional perks include a complimentary retake and a further 14-day extension for those engaged in the Ability Challenge, although these benefits are somewhat tempered by a lower 50% profit split as opposed to some competitors. Users must also be mindful of monthly platform charges and the absence of trading over the weekends. Firm policies entail a consistency rule, lot size limits, and restrictions around news trading.

Funded Trading Plus Overview

Funded Trading Plus, a more recent entrant in the prop firm arena with a commencement in November 2021, has quickly risen in stature, as evidenced by an outstanding Trustpilot score of 4.9 out of 5. The firm takes pride in its diverse array of four funding programs, offering capital allocation up to a striking $2,500,000. A 90% profit split stands as a beacon for potential profits for traders, paired with commendable support services and scaling options. A broad spectrum of trading tools available to users includes forex, commodities, indices, and cryptocurrencies. Trading protocols permit overnight and news trading with no restrictions on trading days—a seemingly liberal stance aligning well with trading strategies that rely on such activities. Conversely, the costs might weigh in more heavily, with significant commission fees on forex pairs and a trailing drawdown mechanism that could hamper aggressive trading strategies. Also, potential traders should account for the 1:30 leverage and the possibility of constraints when using third-party copy trading or EA tools.

Head-to-Head Comparison

While Audacity Capital appeals to those seeking straightforward and immediate exposure to trading funds without an evaluation phase, Funded Trading Plus caters to a segment looking for higher capital investment and a heftier profit share. Audacity's edge lies in its solid customer service record and straightforward scaling plans, while Funded Trading Plus gains the upper hand with superior capital injection and the inclusion of cryptocurrencies in its trading arsenal. The less favorable 50% profit share and platform fees from Audacity could deter some, though the firm's absence of weekend trading restrictions and allowance for news trading could be seen as a positive by others. The prohibition of weekend holding is mutual between the firms, indicating a shared risk management strategy. Deposit and withdrawal methods are mostly aligned, though Funded Trading Plus offers Deel as an additional withdrawal option, possibly indicating a more flexible approach to fund disbursal. Addressing user feedback and transparency, Audacity's longstanding presence in the market may instill a higher degree of trust due to its tenure in the industry compared to the newer Funded Trading Plus. Ultimately, the choice between the two may come down to individual trader preferences regarding up-front capital, profit sharing, trading style accommodation, and the types of instruments prioritized in one's strategy.