Audacity Capital Review
So, let's start our Audacity Capital review and note that this Prop Firm officially known as Audacity Global Limited, was established in 2012 and formally incorporated on January 28, 2014. Headquartered in London, UK, the firm is led by CEO Karim Yousfi. Audacity Capital offers a variety of trading opportunities, including four distinct account types, a two-step evaluation process, instant funding, and two specialized assessment management programs. Also in our Audacity Capital review we note that this company have partnered with a tier-1 liquidity provider, ensuring that their traders experience optimal simulated market conditions, akin to real trading environments. This partnership is designed to provide traders with the tools and conditions necessary for success in the competitive world of proprietary trading.
- Automated trading (Expert Advisors) - YES
- Platform for trading - MetaTrader 4, MetaTrader 5
- Leverage - up to 1:100
- Participation cost - from $129
- Weekend holding positions - allowed
- Grid and martingale trading - allowed
- Stop-loss Required - No
Go to the Audacity Capital website >>>
Expert Advisors Suitable for this Prop Firm:
Audacity Capital Challenge
So, let's start our Audacity Capital review and note that this Prop Firm is dedicated to fostering the success of its traders by providing them with opportunities to manage substantial trading balances up to $2,000,000. To access funding, traders can choose from several pathways: an instant funding program, a two-step evaluation challenge, or one of two unique assessment processes that include an interview with the company.
Traders are offered the flexibility to manage accounts up to $240,000, with the potential to earn up to 85% of the profits they generate. This lucrative structure allows them to significantly benefit from successful trades. The variety of trading options available includes forex pairs, commodities, and indices, enabling traders to diversify their strategies and maximize their earnings potential across different markets.
Audacity Capital's supportive framework is designed to not only provide financial backing but also to enhance the trading skills of its members, promoting a thriving career in proprietary trading.
Ability Audacity Capital Challenge
Audacity Capital rules:
Profit Target: Traders are tasked with achieving a specified profit percentage in order to successfully complete an evaluation phase, withdraw earnings, or scale their trading account. The profit target for both Phase 1 and Phase 2 is set at 10%. It's important to note that once traders are operating funded accounts, there are no designated profit targets.
Maximum Daily Loss: There is a stipulated maximum loss limit that traders can incur in a single trading day without jeopardizing their account. During Phase 1, this limit is set at 7.5%, while in Phase 2 and for funded accounts, the limit decreases to 5%. This structured approach helps traders manage risk more effectively as they progress.
Maximum Loss: According to Audacity Capital rules the overall maximum loss allowed also varies by phase. In Phase 1, the limit is set at 15%, which is designed to accommodate initial volatility as traders adjust to the market. In Phase 2 and for funded accounts, this limit is tightened to 10%, reinforcing the importance of risk management as traders gain more control and experience.
Minimum Trading Days: According to Audacity Capital rules - both evaluation phases require traders to engage in trading for a minimum of 4 days. This requirement ensures that traders have adequate time to demonstrate their trading strategies and risk management skills under various market conditions.
Participation cost:
- $10,000 - $129
- $15,000 - $189
- $30,000 - $339
- $60,000 - $459
- $120,000 - $779
- $240,000 - $1,559
Audacity Capital offers a structured pathway to success through its Ability Challenge account, designed for traders who wish to handle substantial trading capital and leverage their skills with high leverage ratios. Here are the details and phases involved in the Ability Challenge:
These accounts offer traders the chance to trade with leverage up to 1:100, enhancing their ability to execute substantial trades based on their market analysis and strategies.
Evaluation Phase One:
- Profit Target: Traders need to achieve a 10% profit.
- Loss Limits: Maximum daily loss capped at 7.5% and total allowable loss at 15%.
- Time Requirements: No maximum trading day limit, but a minimum of four trading days is necessary to advance to the next phase.
Evaluation Phase Two:
- Profit Target: Again, a 10% profit must be reached.
- Loss Limits: Tighter than the first phase, with a maximum daily loss of 5% and an overall loss limit of 10%.
- Time Requirements: Similar to the first phase, with no maximum trading day limit but a requirement for at least four trading days.
Transition to Funded Account: Upon successfully completing both evaluation phases, traders qualify for a funded account, where they can start earning real profits under continued risk management conditions:
- Loss Limits: Must adhere to the 5% maximum daily loss and 10% maximum loss rules.
- Payout Conditions: The first payout is available 30 calendar days after placing the initial trade, provided the trader has been active for at least 4 days. Subsequent withdrawals can be requested monthly.
- Profit Split: Traders receive between 75% to 85% of the profits, depending on their account's performance.
The Ability Challenge is designed not only to test traders' proficiency in generating profits but also their capability to manage risks effectively under various trading conditions. This program aims to cultivate disciplined traders ready to take on the challenges of the financial markets with significant trading capital.
The Ability Challenge by Audacity Capital features an incentivizing scaling plan designed to reward consistent profitability. Here's a detailed look at how traders can scale their account sizes through successful trading:
Scaling Plan Overview:
- Performance Requirement: Traders must demonstrate consistent profitability, achieving a minimum return of 2.5% per month over a three-month period.
- Withdrawal Requirement: At least one successful withdrawal must be made within this timeframe to qualify for scaling.
- Reward: Upon meeting these criteria, traders become eligible for a significant reward—doubling their account size. This opportunity allows traders to leverage increased capital to potentially generate higher returns.
Implications and Opportunities:
- Increased Trading Capital: Doubling the account size provides traders with more leverage and the potential to execute larger trades or diversify their trading strategies.
- Motivation for Consistency: The scaling plan encourages traders to maintain steady and disciplined trading, focusing on sustainable growth rather than high-risk maneuvers.
- Potential for Higher Earnings: With a larger account, traders can increase their exposure and, consequently, the potential for higher profits, aligning with their enhanced risk management and trading skills.
This scaling plan is part of Audacity Capital's commitment to fostering growth and development among its traders, recognizing and rewarding their success in the financial markets.
Funded Trader Program Audacity Capital Challenge
Audacity Capital rules:
Profit Objective: Traders are required to achieve a specific profit margin in order to successfully pass an evaluation phase, withdraw profits, or increase their account leverage. The set profit goal for each cycle of withdrawal or scaling is 10%.
Daily Loss Limit: According to Audacity Capital rules Traders face a cap on the amount they can lose in a single trading day without violating account rules. This daily loss cap is uniformly set at 5% across all account sizes.
Overall Loss Ceiling: This is the total maximum loss a trader is permitted to accrue without breaching the account's terms. The loss ceiling is consistently 10% for all account sizes.
Minimum Active Trading Days: According to Audacity Capital rules - traders must participate in active trading for a designated number of days to complete an evaluation phase successfully. The requirement stipulates a minimum of 5 trading days per cycle, with a mandatory profitability on at least three of these days.
Participation cost:
- $7,500 - $329
- $15,000 - $649
- $60,000 - $2,399
Audacity Capital's Funded Trader Program offers traders the chance to handle accounts ranging from $7,500 to $60,000. The program is designed to bypass the typical evaluation phase, enabling traders to start generating income immediately. Participants can trade with leverage up to 1:30.
Upon joining the program, traders receive a funded account with a minimum 10% withdrawal threshold. They must adhere to a 5% maximum daily loss and a 10% total maximum loss limit. There are no upper limits on the number of trading days, but traders must complete at least five trading days, three of which must be profitable, to be eligible for withdrawals and account scaling. The initial payout occurs once a 10% profit target is reached, with subsequent withdrawals possible each time this profit margin is achieved. The profit share ranges from 50% to 80%, depending on the profits made on the funded account.
The Funded Trader Program includes a scaling plan that allows traders to increase their account size upon reaching a 10% profit target without having to forfeit any of their earnings.
For instance, consider a trader with a $60,000 funded account:
- Week 1: They generate a 4% profit.
- Week 2: They generate an additional 6% profit.
The cumulative profit over these two weeks totals 10%, qualifying the account for both a withdrawal and an upgrade to the next higher account size under the scaling plan. Moreover, achieving the 10% profit target within 30 calendar days entitles the trader to an enhanced profit split. For example, if a trader normally qualifies for a 50% payout, reaching the target in under 30 days would increase their profit share to 60%. This incentive rewards traders for both efficiency and profitability.
In our Audacity Capital review we note that this proprietary trading firm established on January 28, 2014. The company boasts a thriving community of traders who have achieved funded status and are eligible for a profit split.
Upon qualifying with Ability Challenge and reaching funded status, traders receive their first payout after 30 calendar days. Subsequent payouts are available every 30 days if traders exceed their initial account size, with a generous profit split ranging from 75% to 85% based on the earnings from their funded accounts.
Additionally, in our Audacity Capital review we note that by enrolling in the Funded Trader Program, traders can access their first payout after achieving a 10% profit target and trading for a minimum of 5 calendar days, with at least three of those days being profitable. After the first payout, subsequent payouts and the opportunity to scale the funded account are available each time a 10% profit is secured. In this program, the profit split ranges from 50% to 80%, depending on the earnings from the Funded Trader Program account.
In our Audacity Capital review we note that a significant online presence, with numerous testimonials and reviews on platforms like Trustpilot, where traders share their experiences and the success of their payouts. The firm also maintains a YouTube channel featuring interviews with some of its most successful traders, offering insights and evidence of their achievements.
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Audacity Capital Review and Our opinion about this Prop Firm
In conclusion, in our Audacity Capital review we note that this prop firm stands out as a reliable and esteemed proprietary trading firm that offers traders a choice between two distinctive funding programs: the Ability Challenge, a rigorous two-step evaluation process, and the Funded Trader Program, which provides immediate funding. Moreover, the firm extends two unique Asset Management funding options: the Flex Trader Program and the Pro Trader Program.
Audacity Capital's Ability Challenge embodies a two-phase industry-standard evaluation process. To qualify for managing a funded account with profit splits between 75% and 85%, traders must achieve a 10% profit target in each phase. This is a practical objective, given the constraints of a 7.5% maximum daily loss and a 15% maximum total loss in the first phase, and a 5% maximum daily and 10% total loss in the second phase. Traders are not bound by maximum trading day restrictions but must trade a minimum of 4 days in each phase. Importantly, this challenge includes a scaling plan that can enhance the initial account balance.
The Funded Trader Program offers direct access to funding, allowing traders to bypass the evaluation phase and immediately start earning profits with splits ranging from 50% to 80%. The trading objectives include a 10% profit target and adherence to a 5% maximum daily loss and 10% maximum total loss. Like the Ability Challenge, there are no maximum trading day requirements, but a minimum of 5 trading days is needed, with at least three being profitable. This program also includes a scaling plan for potential account growth.
In our Audacity Capital review we note that this prop firm is an excellent choice for traders seeking a reputable firm that provides exceptional trading conditions tailored to various trading styles. The firm offers compelling features such as unlimited trading periods, reduced minimum trading days, and quarterly scaling that doubles the initial account balance in the Ability Challenge, along with profit splits up to 85% under certain conditions. Additionally, the unique Asset Management funding options further enhance its attractiveness. Given all these aspects, Audacity Capital indeed represents a top-tier option within the proprietary trading industry.
