- 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.
Glow Node
- Evaluation options with instant funding and a 4.6/5 Trustpilot rating.
- Funding potential up to $1,000,000 with bi-weekly withdrawals.
- Scalable profit split reaching 90% and unlimited trading period.
- No minimum trading days with overnight & weekend holding.
- Permission for news trading and weekend crypto trading.
Cons ❌
Audacity Capital
- No free trial
- No trading or holding over the weekend
- 50% profit split
- Monthly platform charges
Glow Node
- Low 1:30 leverage on all funding programs
- Expensive one-time fee for instant funding
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
Glow Node
Maximum Daily Loss, Maximum Loss, No Martingale Allowed, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
The Allure of Direct Funding and Excellent Service
Audacity Capital offers a striking advantage for traders seeking immediate funding without the bureaucratic hassle of evaluations or assessments. With the option to receive direct funding up to $500,000, it tugs at the ambitions of many retail traders. The company boasts a commendable Trustpilot rating of 4.7 out of 5, a testament to its quality customer service and reliable support system. Traders are not confined by stringent timeframes with its scaling plan, and the 10% fixed drawdown is a security net that many users appreciate. Another perk not to be overlooked is the flexibility offered by Audacity Capital, with overnight holding permitted from Monday to Friday and the doubling of accounts after a 10% profit, which could accelerate one's trading progress significantly. To top it off, the firm provides beneficial support with a free retake option and a 14-day extension for their Ability Challenge, features that cushion traders during the learning curve or unexpected market conditions.
Restrictions and Charges: The Less Appealing Side
However, Audacity Capital draws back when it comes to the availability of a free trial, leaving traders to commit without a preliminary period to gauge the firm's compatibility with their trading style. Furthermore, the absence of weekend trading could deter those who wish to maximize their strategies during off-peak hours. A 50% profit split might seem less attractive compared to other firms that offer higher percentages, and the monthly platform charges add to the cost of partnering with Audacity Capital.
Glow Node Review
A New Challenger with High Ambitions and Flexibility
Glow Node is a relatively fresh face in the prop trading industry, with significant attributes that can't be ignored. Its flexible evaluation options leading to instant funding, coupled with a high Trustpilot rating of 4.6, showcase the firm's commitment to trader satisfaction. With funding potential towering up to $1 million and the convenience of bi-weekly withdrawals, Glow Node is carving a niche for the serious trader. Their progressive profit split reaching up to 90% is a standout feature and, combined with an unlimited trading period, offers a growth-friendly environment for traders. The absence of a minimum trading days requirement, along with the liberty of overnight and weekend holding, speaks volumes of the freedom offered. Adding to this list, the allowance for news trading and weekend cryptocurrency trading reflects their modern approach to the dynamic trading markets.
Cost and Leveraging Limitations: Points of Contention
Still, the firm isn't devoid of downsides. The 1:30 leverage imposed across all funding programs may discourage traders who rely on higher leverages. Besides, the steep one-time fee for instant funding amplifies the entry barrier, which could be a deciding factor for traders weighing their options.
Final Comparative Insights
Payment Methods and Accessibility
When considering the ease of transactions, both firms ensure that deposits can be made via bank wire transfers and credit/debit cards, with Audacity Capital also accepting crypto, which might suit the modern crypto-enabled trader. For withdrawals, however, Glow Node's partnership with Deel might streamline the process for international traders.
Trading Opportunities and Choices
As for tradeable instruments, Glow Node edges out Audacity Capital by offering metal trading in addition to commodities, crypto, forex, and indices. This could yield a strategic advantage to traders who seek a diversified portfolio.
Rules and Regulations
Both firms have set rules in place to govern trading strategies and risk management. The no news trading and no weekend holding rules at Audacity Capital might limit certain strategies which could thrive under the more relaxed rules of Glow Node, which, however, prohibit martingale strategies and third-party risks.
Corporate Tenure
Finally, it's worth noting the difference in market tenure between the two entities. Audacity Capital's establishment in January 2014 provides them a longer run and potentially more refined experiences in the industry compared to Glow Node's recent inception in April 2022.
Deciding on the Ideal Firm
Potential users need to weigh these factors based on their individual trading styles, risk appetites, and financial goals. Audacity Capital may appeal to those seeking immediate funding with established customer service, while Glow Node could be the choice for traders looking for expansive trading opportunities and a highly scalable profit split. Deciding on the ideal firm is a deeply personal and strategic choice that must align with the trader's course of career and philosophical alignment with trading policies and growth opportunities.
