Dive into the world of Audacity Capital – your gateway to expert trading courses, cutting-edge tools, and a dynamic trader network. Discover how this London-based firm can elevate your trading journey.

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Audacity Capital Review 2024

In the dynamic world of prop trading, Audacity Capital, stationed in the heart of London, emerges as a notable player. This prop firm is renowned for identifying and nurturing talented retail investors. Offering access to funded trading accounts, which can reach up to $480,000, the firm sets the stage for these investors to shine. Traders who successfully navigate the application and interview process are welcomed into a partnership where profits are split 50/50. This review delves into the intricacies of the Audacity Capital funded trader program. We’ll explore the trading rules, delve into the withdrawal policies, and discuss any applicable fees and the various account levels. Additionally, this review will provide an insightful look into the Audacity Capital evaluation process, a crucial step for aspiring traders.

Audacity Capital: Company Overview

Founded in 2012, Audacity Capital proudly stands in the bustling heart of London, UK. Since its inception, this prop trading firm has made significant strides, processing over £2.4 billion in trading volume. The company boasts an impressive average monthly payout of £2.8 million, marking its success in the field. Embracing the digital era, Audacity Capital offers fully remote trading opportunities without any mandatory minimum trading days.

The firm’s commitment to its traders is evident in its choice of institutional liquidity providers, ensuring tight spreads and a transparent fee structure with no hidden costs or commission charges. This approach has enabled the company to extend its prop trading services to over 140 countries globally, including a strong presence in the UK. At the helm is CEO Karim Yousfi, guiding Audacity Capital towards new horizons. The company’s excellence hasn’t gone unnoticed, garnering recognition from esteemed publications like Yahoo Finance and MarketWatch. Moreover, Audacity Capital’s innovative approach and professional prowess have been honored with two awards from The International Investor: ‘Excellence in Professional Trading’ and ‘Excellence in Trading Innovation’. However, UK traders should note a key aspect: all accounts with Audacity Capital are funded in US Dollars, presenting a currency consideration for those based in the UK.

Understanding Audacity Capital’s Operations

Audacity Capital operates an innovative funded program that features six distinct profiles, each categorized in stages. Traders entering the program are provided with accounts that range in value from $15,000 to a substantial $480,000. This tiered structure allows traders to find a level that aligns with their skills and experience. One of the standout features of Audacity Capital’s program is its fast scaling plan. This dynamic approach allows the capital amount in a trader’s account to be doubled each time they meet specific pre-defined criteria. This progressive scaling strategy is designed to encourage and reward trader growth and success within the program. Regarding evaluations, the firm offers two assessment options. Once traders successfully complete these assessments and pass verification, they are granted access to a $15,000 funded account. This account allows them to engage in live market conditions, providing a real-world trading experience under the umbrella of Audacity Capital.

Trading Options at Audacity Capital

At Audacity Capital, funded traders have the opportunity to invest in a variety of markets. The initial trading options include major and minor currency pairs, offering a broad spectrum for forex enthusiasts. As traders progress within the program and reach stage four, their trading options expand to include commodities and indices, broadening the scope of their investment strategies. Traders at Audacity Capital utilize the firm’s specialized trading platform to execute their trades. The platform operates in conjunction with MetaTrader 4, one of the most renowned trading platforms in the industry. This integration ensures that all positions are traded using live pricing sourced directly from an institutional liquidity provider, guaranteeing traders access to real-time market data and a reliable trading environment.

Audacity Capital’s Evaluation Phase: Entry Options

The Audacity Capital Ability Challenge offers a two-step evaluation process, consisting of a challenge and verification stage. This option is particularly well-suited for traders who may have limited prior trading experience or those eager to showcase their skills.

During the assessment, traders are placed in demo conditions, where they must demonstrate profitability and effective risk management. The challenge offers four account balance options: $15,000, $30,000, $60,000, and $120,000. Entry fees are applicable for each balance level but are refundable upon successful completion:

• £149 for a $15,000 account balance
• £269 for a $30,000 account balance
• £369 for a $60,000 account balance
• £629 for a $120,000 account balance

Challenge Stage:

• 10% profit target
• 30-day timeframe
• 7-day minimum trading time
• 7.5% maximum daily drawdown
• 15% maximum absolute drawdown

Verification Stage:

• 10% profit target
• 60-day timeframe
• 7-day minimum trading time
• 5% maximum daily drawdown
• 10% maximum absolute drawdown

The process for joining the Ability Challenge is straightforward:

1. Register for the Ability Challenge.
2. Begin trading upon receiving your demo login details.
3. Achieve the target requirements within 30 days to advance (challenge stage).
4. Maintain consistent and profitable trades over a 60-day period (verification stage).
5. Upon successful completion, you become a funded trader with Audacity Capital.

Funded Trader Program

The Funded Trader Program at Audacity Capital is designed for those who already have a significant amount of trading experience. This program involves a comprehensive evaluation process where traders are assessed based on their trading strategies, risk management, and ability to generate consistent profits. The program’s specifics, including the application process and criteria for evaluation, cater to seasoned traders seeking to leverage their expertise in a well-funded trading environment.

Funded Trader Program at Audacity Capital

The Funded Trader Program is an alternative route provided by Audacity Capital for obtaining a funded profile. This program is particularly tailored for investors who possess a robust history of trading successes. It involves a two-step evaluation process: an application and an interview. This pathway is optimal for traders who already have established skills and strategies but lack the necessary capital to maximize their profits. The application process for the Funded Trader Program is relatively more straightforward compared to the Ability Challenge. It doesn’t require extensive demo trading but has its own set of minimum requirements:

• Demonstration of consistent profitability and risk management skills.
• Validation of at least three to six months of trading activity in a live account.
• Submission of a trading plan or strategy, with evidence of its application in a live environment.

The steps to join the Funded Trader Program are as follows:

1. Fill out the online application form with details of your trade history.
2. Participate in a face-to-face or telephone interview with Audacity Capital.
3. Receive acceptance results via email.
4. Sign the live account contract and pay the joining fee.
5. Acquire your live account login details and start investing.

Live Accounts in Audacity Capital’s Funded Trader Program

Upon successful completion of the evaluation process and payment of the joining fee, traders gain access to an Audacity Capital funded profile. The program offers six account tiers, each accessible after fulfilling the requirements of the preceding tier:

• $15,000 Account Balance – 0.5 lot maximum order size, $1500 profit target (10%), forex only.
• $30,000 Account Balance – 1 lot maximum order size, $3000 profit target (10%), forex only.
• $60,000 Account Balance – 2 lots maximum order size, $6000 profit target (10%), forex only.
• $120,000 Account Balance – 4 lots maximum order size, $12,000 profit target (10%), forex, commodities, and indices available on request.
• $240,000 Account Balance – 8 lots maximum order size, $24,000 profit target (10%), forex, commodities, and indices available on request.
• $480,000 Account Balance – 8 lots maximum order size, $48,000 profit target (10%), forex, commodities, and indices available on request.

Account Rules at Audacity Capital

Traders participating in Audacity Capital’s funded programs must adhere to a set of specific account rules:

• 10% Absolute Drawdown: This is the maximum loss limit allowed in the trading account.
• No Trading on News Events: Trading during major news events is prohibited.
• 10% Profit Target: This applies uniformly across all account tiers.
• Weekly Trading Deadline: All positions must be closed by Friday at 6 PM (GMT).
• No Minimum Trading Days: There are no mandatory trading days to achieve the 10% profit target.

If a trader hits the drawdown limit, they will not be held liable for losses. However, it leads to automatic withdrawal from the program. The company may consider re-joining requests on an individual basis, but a new joining fee applies.

Scaling Plan in Audacity Capital

Upon approval for a funded account, traders start with an initial capital of $15,000. To advance to the next account balance, the 10% profit target rule must be met. For instance, to progress from the first stage, a trader needs to earn a profit of $1500, elevating the account balance to $16,500. This scaling plan allows traders to climb up to six stages, potentially reaching an account balance of $480,000.

Fees Associated with Audacity Capital’s Funded Account Program

Joining Audacity Capital’s funded account program involves certain fees:

• Joining Fee: A one-time fee of £298 is charged upon approval.
• Monthly Subscription: A recurring fee of £99 applies regardless of the account tier, similar to the BluFX Mini Lite account structure.

While such fees are not unusual in the industry, it is worth noting that compared to other prop firms like Earn2Trade, which offers up to an 80% payout, Audacity Capital’s profit payouts might seem less competitive due to the additional monthly subscription fee. Audacity Capital explains that the monthly charges are allocated towards covering data, administrative, and technological expenses, and not for the company’s profits.

Withdrawal Process at Audacity Capital

Traders at Audacity Capital can initiate a withdrawal once they have reached the 10% profit target at any stage. The withdrawal process is accessible either through the dedicated website at withdrawal.audacitycapital.co.uk or directly via the trader’s dashboard. The withdrawal form is straightforward and can be completed quickly, often in as little as three minutes. Traders have several options for receiving their funds:

• PayPal
• Bitcoin
• Bank Wire Transfer

The 50% profit payout is processed and delivered to traders within 48 hours of the withdrawal request.

Regulation & Security at Audacity Capital

It’s important to note that Audacity Capital operates as an unregulated entity, as it does not provide services that fall under the jurisdiction of financial authorities like the Financial Conduct Authority (FCA). This lack of regulation is a common characteristic among prop trading firms and does not inherently imply that the services provided are unreliable or unsafe. However, the liquidity providers associated with Audacity Capital do comply with relevant regulatory standards. Additionally, the firm adheres to the General Data Protection Regulation (GDPR) protocols, ensuring the secure handling and storage of all investor personal information. For official verification, Audacity Capital is registered under the name Audacity Capital Ltd with the company number 08865122, as listed on Companies House.

Additional Services & Tools: Hidden Talents Program

Audacity Capital’s Hidden Talents Program stands as a unique offering in the world of trading. This comprehensive package is designed for individuals aspiring to become profitable investors and guarantees a funded account upon successful completion. The program is inclusive, welcoming participants regardless of their previous trading history or academic background. This approach aligns with the firm’s commitment to identifying and nurturing hidden talent in the trading arena. The course spans five weeks and is meticulously crafted to develop participants into confident and successful investors. Under the guidance of an experienced forex mentor, John Ozi, the program offers a customizable learning journey complemented by one-on-one personalized support. Prospective clients have the flexibility to engage with the course either on a full-time or part-time basis. Key topics covered include:

• Understanding different order types
• Trading psychology insights
• Strategies for forex price speculation
• Approaches to market events and news trading

The program is offered at a one-time cost of £3000. This fee encompasses complete access to the training modules, personalized one-to-one tutorials, and all necessary training materials.

Educational Courses Offered by Audacity Capital

Audacity Capital provides a range of educational programs, accessible not only to its funded traders but also to individual investors with no direct affiliation to the firm.

Trading Psychology Course

This course caters to both novice and seasoned traders aiming to enhance their market response skills. It is divided into three parts: Emotional Awareness, Identification, and Implementation. The content is primarily delivered through online videos, with an additional option for in-person group sessions. The fee for this comprehensive course is £349.

Introduction To Trading for Beginners

Beginners can enroll in a two-day intensive course priced at £649. Conducted in person at Audacity Capital’s trading floor, this program covers essential topics for new traders, including core strategies, macroeconomic events impacting prices, and common forex terminology.

Advanced Trading Course

For investors with some trading experience and a basic understanding of the forex market, the firm offers a more advanced course. This also follows a two-day in-person format and is priced at £749, focusing on deepening the participants’ market knowledge and trading skills.

Combined Course Option

There is also an option to combine the beginner and advanced courses into a four-day comprehensive program, providing a more extensive learning experience. Besides these structured courses, Audacity Capital’s website features a wealth of educational resources, including guides, tutorials, and integrated YouTube content. These resources cover a wide range of topics, such as leveraging in forex, strategy development, and beginner-friendly forex trading insights.

Networking App

Audacity Capital also offers a unique mobile networking app, compatible with both iOS and Android (APK) devices. This app allows users to create personal profiles and interact with other funded account traders in a forum-like setting. The app serves as a social networking tool where traders can exchange investment ideas, discuss successful strategies, and share their market analyses. It also functions as a platform for the company to announce upcoming events and share the latest organizational news.

Customer Service at Audacity Capital

The customer support offered by Audacity Capital is generally considered adequate. However, it’s noteworthy that the firm does not provide a live chat function, which is a popular and convenient feature among many online services. Additionally, the FAQ section on their website is somewhat limited in scope, potentially leaving some queries unaddressed. Despite these limitations, Audacity Capital compensates by offering a variety of other contact methods to assist customers and respond to their queries. These alternatives ensure that users can still access support when needed, albeit not through live chat or extensive FAQs.

Should You Apply For An Account With Audacity Capital?

Audacity Capital, renowned as a prestigious prop trading firm in the UK, offers multiple entry pathways to its funded accounts. This inclusive approach caters to a wide range of traders, from beginners to those with extensive experience in the field. However, potential applicants should consider certain aspects of Audacity Capital’s offering. One notable downside is the limited profit split, which may not be as favorable when compared to other firms in the industry. Additionally, the high monthly subscription fees could be a deterrent for some traders, especially when evaluating the overall cost-benefit ratio of joining the firm. Given these factors, our experts suggest considering alternative options, such as Earn2Trade, which may offer more attractive terms for profit sharing and lower subscription costs. Ultimately, the decision to apply for an account with Audacity Capital should be weighed against individual trading goals, experience, and financial considerations.