Audacity Capital has been in the business since 2012, which makes it an old hand in the prop trading sphere. Audacity Capital’s success is attested by these massive numbers: 2.4 billion volume trading, 2.82 million maximum monthly payout, and roots in 140+ countries! To join hands with this leading prop firm, all you gotta do is pass their evaluation challenge or complete an interview.
From a revamped trading dashboard to the exclusive availability of MetaTrader 5, and even the option to purchase challenges with cryptocurrencies, Audacity Capital is committed to empowering profitable traders.
What is Audacity Capital?
| Key Feature | Details |
|---|---|
| Co-Founders | Karim Yousfi |
| Platform | MatchTrader, TradingView |
| Payout Split | Upto 85% |
| First Payout | 14 Days |
| Subsequent Payouts | Bi-Weekly |
| Maximum Drawdown | Equity based drawdown |
| Headquarters | London, England |
| Expert Advisors | Allowed |
| Max Funding | $240,000 |
| Funding Programs | Ability Challenge, Funded Trader Program |
| Leverage | Upto 1:100 |
| Weekend Holding | Allowed |
| Contact | info@audacitycapital.co.uk |
| Trustpilot Rating | 4.5/5.0 |
Audacity Capital is a proprietary trading firm based in London, UK, founded in 2012. The company is managed by CEO Karim Yousfi and has gained a strong reputation for funding and supporting successful forex traders worldwide. Audacity headquarters are located at One Canada Square, Level 8 Office 8.05, London E14 5AA, England.
As a prop trading firm, Audacity Capital focuses on providing traders of all experience levels the opportunity to manage large sums of capital and keep a substantial portion of the profits. With a strong focus on building long-term relationships with its traders, Audacity Capital has established itself as a reputable and trusted name in the prop trading industry.
Audacity Capital’s Funding Programs
Audacity Capital offers two funding programs: Ability Challenge and Funded Trader Program.
In addition to this,
Audacity Capital also provides traders with two unique assessments: the Flex Trader Program and the Pro Trader Program.
1. Ability Challenge
The Ability Challenge is designed for traders of all experience levels who want to prove their skills and potentially manage larger capital. It consists of a two-step evaluation process on a demo account.
Key features include:
| Account Size | Pricing |
|---|---|
| $10,000 | $129 |
| $15,000 | $189 |
| $30,000 | $339 |
| $60,000 | $459 |
| $120,000 | $779 |
| $240,000 | $1,559 |
2. Funded Trader Program
The Funded Trader Program is tailored for more experienced traders who have a proven profitable strategy.
The key requirements and features are:
| Account Size | Pricing |
|---|---|
| $7,500 | $329 |
| $15,000 | $649 |
| $60,000 | $2,399 |
Payouts and Scaling
Audacity Capital offers some of the most generous profit splits in the industry. Ability Challenge traders earn 75% of profits starting out, which increases to 85% after hitting a 10% profit target. In the Funded Trader Program, the split begins at 50% and scales up to 80%.
But it gets even better. Audacity Capital has a rapid scaling plan that allows you to grow your account balance quickly. Each time you reach a 10% profit target, your account size doubles! This continues up to a maximum balance of $2,000,000. So traders who perform well are rewarded with more capital to compound their gains.
Payouts are processed monthly for Ability Challenge accounts and can be requested at any time for Funded Trader Program accounts once the 10% target is hit. Audacity Capital deserves praise for its lucrative and straightforward payout structure that motivates profitable trading.
Trading Platforms and Conditions
To execute your trades, Audacity Capital provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are industry-standard platforms known for their reliability, customization options, and advanced features like algorithmic trading. The platforms can be used on desktop, web, and mobile.
Audacity Capital's trading conditions are also very favorable for prop traders. Leverage is 1:100 on the Ability Challenge, providing ample room to scale into positions. The Funded Trader Program has 1:30 leverage. Traders can hold positions over the weekend and trade during news events. There are no limits on lot sizes or restrictions on trading strategies, as long as you stay within the drawdown limits.
One unique aspect is that Audacity Capital is not a broker itself, but rather has partnered with a tier-1 liquidity provider. This allows them to offer raw spreads and low commissions to their traders. It's a refreshing change from prop firms that place traders with mediocre brokers.
Trustworthiness and Reputation
Of course, none of the above matters if a prop firm can't be trusted. Fortunately, Audacity Capital has built a strong reputation over its decade in business. On Trustpilot, the company has an excellent 4.5/5 rating with over 1,351 reviews. The vast majority of traders report positive experiences with fair evaluations, reliable payouts, and good support.
As a UK-based company, Audacity Capital is subject to strict business regulations. They provide a clear address and contact information on their website. The company also outlines its history and values, emphasizing fairness and long-term relationships with its traders.
No prop firm is perfect, and you can find some complaints about Audacity Capital if you dig around online. But the overall sentiment is quite positive. They appear to be one of the more reputable and established players in the prop trading space.
Common Queries Related to Audacity Capital
What Happens After Successfully Passing the Ability Challenge?
After completing the challenge, traders gain access to a live funded account of their pre-chosen size. The profit split starts at 75% and increases to 85% after reaching the profit target.
Can I Trade during News Events in the Ability Challenge?
Yes, Audacity Capital allows traders to hold positions over the weekend and trade during news events with no lot size limitations in the Ability Challenge.
How can I apply for the Funded Trader Program?
To apply, traders need to demonstrate their track record and go through a short interview with Audacity Capital's talent acquisition team.
Does Audacity Capital allow the use of Expert Advisors (EAs)?
Yes, Audacity Capital allows the use of EAs on their trading platforms.
Which broker does Audacity Capital use?
Audacity Capital is not a broker itself but has partnered with a tier-1 liquidity provider to offer raw spreads and low commissions to its traders.
Who can join Audacity Capital's Funding Programs?
Audacity Capital accepts traders from all over the world with a profitable strategy and good money management skills.
To Conclude
Audacity Capital’s longevity and positive reputation provide some peace of mind in an industry with a lot of fly-by-night operations.
While no prop firm can guarantee your success, Audacity Capital seems to have the pieces in place to help serious traders thrive. With the right skills and mindset, Audacity Capital could be the partner that helps take your trading career to new heights.
