- 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.
Leveled Up Society
- Account balance up to $1,000,000 with boundless evaluation retries
- Profit shares of 80% to 90% with fortnightly distributions
- Open positions permitted overnight and on weekends
- Account scaling features with 1:100 leverage
- Comprehensive trading assets: forex, commodities, and more.
Cons ❌
Audacity Capital
- No free trial
- No trading or holding over the weekend
- 50% profit split
- Monthly platform charges
Leveled Up Society
- Trailing drawdown for single-step accounts
- Martingale tactic is off-limits
- Restrictions on news-based trading
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
Leveled Up Society
Maximum Daily Loss, Maximum Loss, Minimum Trading Days, No Martingale Allowed, No News Trading, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Audacity Capital vs. Leveled Up Society: Tailoring the Trading Experience
When choosing a prop firm to partner with, traders seek a platform that not only offers them the capital to trade but also aligns with their trading style and preferences. Here, we scrutinize two prominent names in the field: Audacity Capital and Leveled Up Society.
Audacity Capital: Steadfast Funding and Support
Audacity Capital carves its niche within the trading community by offering direct funding of up to $500,000 without the prerequisite of an evaluation, a significant draw for traders eager to jump in without the stress of a qualifying stage. The firm’s Trustpilot rating is a sterling 4.7/5, suggesting robust customer service and client satisfaction.
Its scaling plan is attractively unrestricted, allowing traders to progress without time constraints, and the 10% fixed drawdown is a straightforward target. A notable benefit further enhancing the appeal is the policy of doubling the account size after a 10% profit milestone is reached. This could compound trader motivation and foster a steady, growth-focused mindset.
On the downside, Audacity's 50% profit split might deter those looking for a heftier share of their earnings. Additionally, the lack of weekend holding could be a limitation for certain trading strategies, and monthly platform charges might be a deterrent for cost-sensitive traders.
Leveled Up Society: High Stakes and Generous Profit Shares
Emerging more recently, Leveled Up Society presents a compelling offer, boasting a substantial maximum account balance of $1,000,000 and generous profit shares between 80% to 90% with distributions every two weeks—this could be particularly enticing for high-performing traders.
The freedom to hold positions over the weekend grants traders additional strategic flexibility, particularly beneficial for long-term play. With potent leverage of 1:100, the firm clearly targets those willing to undertake significant risk for high return.
However, strictures against popular risk management strategies such as the Martingale method or trading during news events might stymie some. Moreover, the reliance on a single withdrawal conduit—Deel—raises concerns about accessibility for the global trading demographic.
Assortment of Tradable Instruments and Rules
Both firms offer a common ground with commodities, forex, and indices. However, Leveled Up Society takes it further, incorporating crypto and metals into their tradable instruments. This breadth could be crucial for traders looking to diversify their portfolio across varied assets.
The rules set by both firms enforce trading discipline and risk management, with both stipulating maximum loss and profit targets among other mandates. It’s imperative for traders to evaluate these rules in light of their trading strategies to ascertain compatibility.
Funding and Financial Transactions
Regarding deposit methods, both prop firms allow the modern conveniences of Credit/debit cards and Crypto, while Audacity Capital also accommodates Bank Wire Transfer. Withdrawal options are more limited in comparison, potentially affecting the ease and preference for accessing funds.
Differentiating with Experience and Incorporation
The tenure of a firm can influence the trust and stability perceived by traders. Established in January 2014, Audacity Capital brings almost a decade of industry presence and experience to the table, possibly implying dependability and tested processes. In contrast, Leveled Up Society’s start in April 2021, although not extensive, might indicate fresh perspectives in a rapidly evolving market.
Conclusion: Assessing Suitability for Individual Trading Styles
In choosing between Audacity Capital and Leveled Up Society, traders must weigh the pros and cons in relation to their individual trading strategy, risk appetite, and financial goals. Audacity Capital offers a straightforward and hassle-free entrance with its direct funding, but potentially at the cost of lower profit share and additional platform fees.
Leveled Up Society, albeit a younger firm, sugars the pot with higher profit shares and a broader asset selection, though restrictions on trading tactics and a single withdrawal method could prove inconvenient.
Ultimately, whether it be the veteran allure of Audacity Capital or the dynamic approach of Leveled Up Society, the prop firm that best aligns with a trader’s requirements will navigate them towards a more tailored and potentially profitable trading journey.