- No evaluation challenge
- Up to $500,000 capital
- Scaling plan
- No time limit on your scaling plan
- Overnight holding allowed (Monday - Friday)
- A profit target of 10% doubles your account and allows you to request a withdrawal
- No commissions or swap fees
- Instant account funding
- No free trial
- Weekend holding and new trading not allowed
- Profit split 50%
- Monthly platform fees
- Training fees with some packages
Who is Audacity Capital?
Audacity Capital encourages its traders to succeed in their careers. They enable them to earn more profits by trading up to $500,000 in balance. To become funded, you must pass their 3-step assessment phase, which differs from regular proprietary firm challenges, or by completing a two-step evaluation challenge. Upon successful completion, you are rewarded with 50% or 75% profit splits on your earnings, depending on the funding program you opt for.
The program offers a quick scaling strategy in which they double money each time a trader achieves the 10% goal. Additionally, they provide a 10% absolute drawdown that is not trailed by profits and exempts the trader from liability for any losses.
The Audacity Capital Funded Trader Program provides a fully-funded live trading account with a minimum deposit of $15,000 and a maximum of $500,000. Traders, promote a relationship based on openness, decency, and fairness. As a result, they equally divide the profits and work with a liquidity provider that offers narrow spreads and no commission or swap fees in order to benefit traders with all types of trading strategies.
Our Funded Trader Program uniquely offers a fully-funded live trading account starting with $15,000 and scaling up to $500,000. We encourage a partnership built on transparency, respect, and fairness with our traders. Therefore, we split the profits fairly 50/50 and use a liquidity provider that benefits our traders to have tight spreads and no fees on commissions or swaps.
Audacity Capital Website
Funding program options
Audacity Capital offers its traders two different funding programs to choose from:
- Funded Trader Program
- Ability Challenge
Funded Trader Program
About Funded Trader Program
Funded Trader Program uniquely offers a fully-funded live trading account starting with $15,000 and scaling up to $500,000. We encourage a partnership built on transparency, respect, and fairness with our traders. Therefore, we split the profits fairly 50/50 and use a liquidity provider that benefits our traders to have tight spreads and no fees on commissions or swaps.
50/50 Profit Split
No Commissions or Swaps
Zero loss liability
No demo or challenge required
Challenge Verification Table
$10.000 account – $129
$15.000 account – $189
$30.000 account – $339
$60.000 account – $459
$120.000 account – $779
$240.000 account – $1559
Audacity Capital funded trader program is a unique funding program that has an assessment phase made out of three steps. The funded trader program allows you to trade with 1:5 leverage.
Step one requires a trader to apply for the funded trader program by filling up a form. They will ask you questions regarding your trading experience and strategy.
Step two is an interview. If you are based in London, you will be able to have a face-to-face interview on their trading floor, however, if you aren’t from London, you can have an interview by phone so they find out more about your trading experience.
Step three of the funded trader program will be receiving the results. You will receive your results within 24 hours if you have been approved. If approved, they will send you the contract for you to sort out the paperwork. They will also send you your account credentials, your trading account will be funded, and just like that, you will be able to start trading after you make a payment of the one-time joining fee of £298, and a monthly fee of £99.
By completing all three steps, sorting out the paperwork, and paying the two fees, you will be able to start trading on your $15,000 account and generating profits. Your main rule will be the 10% maximum loss, while you have no minimum or maximum trading day limitations. You will be able to withdraw your profits every time you hit your profit target of 10%. Your profit split will be 50% based on the profit you make on your funded account.
Funded Trader Program account scaling plan
The funded trader program account also has a scaling plan. You are required to reach a profit target of 10% which will allow you to withdraw your profit split and double your account balance.
Funded Trader Program account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. You have a profit target of 10% which is required for scaling and for you to request your withdrawal.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. The maximum loss limit is 10%.
- Lot size limit requires traders to follow specified lot sizes for specific trading instruments. These are most usually set based on the initial account balance of the prop firm account.
- No news trading means that traders are not allowed to trade during high-impact news releases.
- No weekend holding means that traders are not allowed to hold open positions during the weekends. Note that weekend holding is available on request.
Ability challenge accounts
Ability challenge phase one requires a trader to reach a profit target of 10% while not surpassing their 7.5% maximum daily loss or 15% maximum loss rules. You are required to trade for a minimum of 7 calendar days and hit your profit target within 30 calendar days from the day you place your first position on your ability challenge account.
Ability challenge phase two requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to trade for a minimum of 7 calendar days and hit your profit target in 60 calendar days from the day you place your first position on your ability challenge account.
By completing both ability challenge phases you are awarded a funded account where you have no profit targets. You are only required to respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 30 calendar days from the day you place your first position on your funded account. In this time period, you are required to trade a minimum of 7 calendar days while trading with consistent lot sizes. You profit split will be 75% based on the profit you can make on your funded account.
Ability challenge account scaling plan
The ability challenge accounts have no scaling plan, however, you are able to join the Funded Trader Program where you will be able to scale your capital up to $480,000.
Trading instruments for the ability challenge accounts are forex pairs, commodities, and indices.
Ability challenge account rules
- Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Phase one profit target is 10% while phase two has a profit target of 5%. Funded accounts have no profit targets.
- Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. The maximum daily loss limit is 7.5% in phase one, 5% in phase two, and 5% on your funded account.
- Maximum loss is the maximum loss a trader can reach overall before the account is violated. The maximum loss limit is 15% in phase one, 10% in phase two, and 10% on your funded account.
- Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both ability challenge phases as well as the funded account have a 7 minimum trading day requirement.
- Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
- No news trading means that traders are not allowed to trade during high-impact news releases. You can trade news only during both ability challenge phases.
- No weekend holding means that traders are not allowed to hold open positions during the weekends. Note that weekend holding is available on request. You can hold positions over the weekend only during both ability challenge phases.
- The consistency rule is a rule that requires traders to have consistent position sizes, risk management, losses, gains, etc… Meaning that the characteristics of the account results should not differentiate drastically.
Note that Audacity Capital Funded Trader Program (three-phase assessment) and Ability Challenge (two-step challenge) each have their own website
What makes Audacity Capital different from any other prop firm?
Audacity Capital differs from most industry leading prop firms due to offering two different funding programs: Funded Trader Program and Ability Challenge account. They also have straightforward rules with minimal limitations for the trader to follow.
Compared to other proprietary trading firms, Audacity Capital offers a unique Funded Trader Program that requires a three-step assessment that requires an interview with the trader so they can determine if he is qualified to manage the firm’s capital. The profit target of the Funded Trader Program is 10% which allows the trader to request a withdrawal and double his account balance.
Audacity Capital’s ability challenge is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 10%, in phase one and 5%, in phase two with a 7.5% maximum daily and 15% maximum loss rules in phase one and 5%, maximum daily and 10%, maximum loss rules in phase two. You are also required to trade for a minimum of 7 days in each phase before becoming funded. The ability challenge, however, doesn’t have a scaling plan. Compared to other industry-leading prop firms they have average profit targets and minimum trading days.
Is getting Audacity Capital funds realistic?
It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high-profit split on a highly funded account sounds great, but if they expect high gains per month with low maximum drawdowns, your chances of success become close to zero.
Receiving capital from the Funded Trader Program is also realistic if you are an experienced trader since all you have to do is introduce your track record and your trading strategy to them in an interview. After that, you have a chance to get approved and funded with no additional challenges to pass.
Receiving capital from the Ability Challenge is realistic mostly since they have average profit targets (10% in phase one and 5% in phase two) with above-average maximum loss rules (Phase 1: 7.5% maximum daily and 15% maximum loss; Phase 2: 5% maximum daily and 10% maximum loss).
After considering all of that, Audacity Capital is an excellent choice to get funded since you have two different funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.
Which broker does Audacity Capital use?
Audacity Capital doesn’t trade with common broker brands. They are partnered with an institutional liquidity provider that allows them to benefit from deep liquidity in the market with no commissions or swaps on trades and tight spreads.
As for trading platforms, you are allowed to trade on MetaTrader 4.
Audacity Capital allows its traders to trade forex majors and minors. Commodities and indices are not allowed until you prove yourself and get approved by their team.
Audacity Capital Trustpilot
On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an excellent score of 4.7/5 out of 1,014 reviews.
Traders’ Comments about Audacity Capital
Audacity Capital has excellent feedback from their reviews.
Audacity Capital has a FAQ page where you might find the missing information.
You can also directly contact them by email: email@example.com.
Another option you can reach them is by phone calls on the following number: +44 20 8050 1985.
It is great how they combine a prop firm with an education provider, as they both go hand in hand. This makes them a top choice for anyone who is on looking to start trading or take their trading to the next level. They could improve by adding the MetaTrader 5, platform and making other financial assets other than forex available to trade from the start.
In conclusion, Audacity Capital is a legitimate proprietary trading firm offering live funding to traders after checking their past track record performances. After getting approved and funded, you are required to pay a one-time fee and a monthly platform fee to work with a $15,000 capital.
The Funded Trader Program is a three-step assessment that requires an interview with the trader so they can determine if you are qualified to manage the firm’s capital. The profit target of the Funded Trader Program is 10% which allows the trader to request a withdrawal and double his account up to a maximum balance of $480,000.
The Ability Challenge is an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Audacity Capital requires traders to reach profit targets of 10% in phase one and 5% in phase two before becoming funded which are realistic trading objectives considering you have a 7.5% maximum daily and 15% maximum loss rules in phase one and a 5% maximum daily and 10% maximum loss rules to follow. With evaluation programs, you can earn 75% profit splits while also being able to scale your accounts up to a maximum balance of $480,000.
I would recommend Audacity Capital to anyone who is looking for a legitimate, well-established prop firm with straightforward rules with minimal limitations. After considering everything Audacity Capital has to offer, they are for sure one of the better proprietary trading firms in the industry.
This review about Audacity Capital was lastly updated on 7/6/2023 at 17:00 (CE(S)T).