Audacity Capital Review (discount code: FOREXPROP5%)
4.0

Audacity Capital Review (discount code: FOREXPROP5%)

The prop firm has earned several awards, including the International Investor Award Winner 2020, and has been seen on a variety of media such as the Daily Mail and The Europe Financial Review.
Home » Audacity Capital Review (discount code: FOREXPROP5%)

With a self-proclaimed mission to empower traders, AudaCity Capital is a prop firm based out of London offering funding accounts up to $500k

Pros
  • No evaluation challenge
  • Up to $500,000 capital
  • Scaling plan
  • No time limit on your scaling plan
  • Overnight holding allowed (Monday - Friday)
  • Fixed absolute drawdown of 10%
  • Excellent customer support
  • Trading guides
  • A profit target of 10% doubles your account and allows you to request a withdrawal
Cons
  • No free trial
  • Weekend holding and new trading not allowed
  • Profit split 50%
  • Monthly platform fees

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 verification, 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 challenge you opt for.

Who are Audacity Capital?

Audacity Capital is a proprietary trading firm founded in 2012 with the idea to help traders prosper, while the official incorporation of the firm took place on the 28th of January, 2014. Their headquarters are located in the UK, London. They offer their clients a chance to work with up to $480,000 capital. 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.

Their headquarters are located at The Frames 1 Phipp Street, London EC2A 4PS England – United Kingdom.

Funding program options

Audacity Capital’s evaluation of traders is quite unique to the proprietary firm industry. It is structured out of three steps.

Step one requires traders to apply for their funded trader program by filling up their form. You will get asked questions about your trading experience and strategy.

In step two, you get invited for a face-to-face interview on their trading floor if you are based in London or a phone interview, so they get more information about your trading experience.

Step three is confirmation, where you will receive your results within 24h if you are approved or not. They will send you the contract to sort out the paperwork and account details, and they will credit your account so it will be ready for you to start trading.

After getting approved and funded, you are required to pay a one-time fee of £199, as well as a monthly platform fee of £99. You receive $15,000 of the company’s capital to start trading. You are eligible to profit splits of 50% on your profits and have a chance to participate in their scaling plan. You can request a scale-up of your account capital every time you reach a gain of 10%. Your account balance will be doubled up to a maximum of $500,000 capital.

Your main rule that you cannot surpass is their fixed maximum drawdown of 10%. You should consider that you can trade overnight from Monday to Friday while weekend holding and news trading are not allowed. Another thing that they allow is the use of EAs.

You are allowed to trade forex majors and minors. You are not allowed to trade commodities and indices at the early stages of your funded journey.

The last rule is the maximum lot size rule. You are allowed to open maximum combined positions of 0.5 lots on the $15,000 account. While scaling your account up, you also scale your maximum lot size rule. Example: $30,000 account = maximum combined positions of 1 lot size.

Another option Audacity Capital offer traders to get funded is their Ability challenge, which consists of two evaluation stages before you get a live funded account.

You will be able to choose from the following Ability challenge account sizes:

  • $15,000 account for a one-time fee of £149
  • $30,000 account for a one-time fee of £269
  • $60,000 account for a one-time fee of £369
  • $120,000 account for a one-time fee of £629

Phase 1 Ability challenge parameters:

  • Profit target: 10%
  • Maximum daily drawdown: 7.5%
  • Maximum absolute drawdown: 15%
  • Minimum trading days: 7 calendar days
  • Maximum trading period: 30 calendar days
  • Leverage: 1:100

Phase 2 Ability challenge parameters:

  • Profit target: 10%
  • Maximum daily drawdown: 5%
  • Maximum absolute drawdown: 10%
  • Minimum trading days: 7 calendar days
  • Maximum trading period: 60 calendar days
  • Leverage: 1:100

Live account Ability challenge parameters:

  • Profit target: No limit
  • Maximum daily drawdown: 5%
  • Maximum absolute drawdown: 10%
  • Minimum trading days: No limit
  • Maximum trading days: No limit
  • Leverage: 1:100
  • Profit split: 75%
  • Payments: Monthly

Audacity Capital Ability challenge has relaxed rules and allows all trading strategies. You will also be able to use EAs, trade during news, hold trades overnight, and during the weekends. You will be able to trade forex pairs, commodities, and indices with almost no restrictions.

You will be able to process payment for your account with one of the following payment methods: Credit/Debit card, PayPal, Bank transfer, BTC, and Skrill.

What makes Audacity Capital different from any other prop firm?

Audacity Capital differs from most industry-leading prop firms due to having a unique 3-step verification. They also offer a scaling plan to double your account balance every time you reach a profit of 10% up to $500,000.

Audacity Capital offers 5:1 leverage on a $15,000 that you can acquire through 3-step verification. Compared to other prop firms, this is a significant difference. Step one requires filling up a form with questions about your trading experience and strategy. In step two, you are invited for a face-to-face or phone interview, so they find out more about your trading experience. Step three is verification, where you will get notified within 24h if you are approved or not.

Another option to get funded is their Ability challenge which is a two-step challenge that allows you to trade with 1:100 leverage. You are required to hit a profit target of 10% in stage one without surpassing the 7.5% maximum daily or 15% maximum absolute drawdown limit. You will be required to trade a minimum of 7 days in stage one in a maximum trading period of 30 days. For stage two, you are required to hit a profit target of 10% without surpassing the 5% maximum daily or 10% maximum absolute drawdown limit. You will be required to trade a minimum of 7 days in a maximum trading period of 60 days. Once you become funded, you will only have to respect the 5% maximum daily and 10% maximum absolute drawdown limit. You will also be paid a generous profit split of 75% on a monthly basis on all the profit that you make.

In conclusion, Audacity Capital’s funding is quite different from other prop firms but an excellent option for any trader with a positive, consistent track record of their trading.

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.

After considering all of that, Audacity Capital is an excellent choice to get funded with since you can ignore all the parameters mentioned above. The only thing that matters is your track record to become eligible for their live trading funded account.

You should remember that you are allowed to hold trades overnight and that the use of EAs is also allowed while weekend holding and news trading are prohibited. Another important thing is their maximum lot size rule, which must be respected at all times, which can be beneficial since it will improve your risk management.

However, if you opt for the Ability challenge you will have to complete a two-step evaluation challenge before you become funded. The challenge is realistic since it has the following parameters you have to follow:

Stage one requires you to hit a profit target of 10% without surpassing the 7.5% maximum daily or 15% maximum absolute drawdown limit. You will be required to trade a minimum of 7 days in a maximum trading period of 30 days.

Stage two requires you to hit a profit target of 10% without surpassing the 5% maximum daily or 10% maximum absolute drawdown limit. You will be required to trade a minimum of 7 days in a maximum trading period of 60 days.

Payment proof

Audacity Capital was founded in 2012 and incorporated on the 28th of January, 2014.

You can see payment proof mostly on their Youtube channel, where they interview profitable traders. You can see two examples of videos below:

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.

Trading instruments

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.

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Education & Support for traders

Audacity Capital has a trading guides section on their website, which you can reach by clicking here. You can learn about trading strategies, currency pairs, and forex tools there, which will give you general knowledge and help you in your trading career.

While they don’t have their own thread on ForexFactory, you can find information on another thread named ‘’PROP FIRM HUB’’ made by MasterrMind, where Audacity Capital also gets mentioned numerous times.

To see the mentioned thread click here.

Traders’ comments about Audacity Capital

Audacity Capital has excellent feedback from their reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an excellent score of 4.8/5 out of 570 reviews. They also have a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

A vast majority of their community praises their customer service for being extremely fast and helpful. They give their clients all the necessary support to ensure them the best possible conditions to succeed.

Another comment stated that they offer excellent trading conditions with low spreads, an attractive scaling plan of up to $500,000, and rules to follow that will help you manage risk appropriately.

Social media statistics

Audacity Capital can also be found on social media.

They have a:

Support

Audacity Capital has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them by submitting a request on their website by clicking here

You can also directly contact them by email: support@audacitycapital.co.uk.

Another option you can reach them is by phone calls on the following number: +44 20 8050 1985.

Conclusion

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.

They also offer an attractive scaling plan that allows you to double and withdraw your capital every time you reach a profit target of 10%. You can manage a maximum allocation capital of $480,000. The main rules you are required to follow while working with Audacity Capital are the fixed absolute drawdown of 10% and the maximum allowance of lot sizes. You are also not allowed to trade news or hold positions over the weekend.

Another option to get funded is their Ability challenge which is a two-step challenge that allows you to trade with 1:100 leverage. You are required to hit a profit target of 10% in stage one without surpassing the 7.5% maximum daily or 15% maximum absolute drawdown limit. You will be required to trade a minimum of 7 days in stage one in a maximum trading period of 30 days. For stage two, you are required to hit a profit target of 10% without surpassing the 5% maximum daily or 10% maximum absolute drawdown limit. You will be required to trade a minimum of 7 days in a maximum trading period of 60 days. Once you become funded, you will only have to respect the 5% maximum daily and 10% maximum absolute drawdown limit. You will also be paid a generous profit split of 75% on a monthly basis on all the profit that you make.

I would recommend Audacity Capital to anyone who has been reaching consistent results for a more extended period. They were incorporated on the 28th of January, 2014, so you can find many reviews and comments about their positive features compared to other prop firms.

This review about Audacity Capital was lastly updated on 19.05.2022 at 08:31 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Audacity Capital have the instruments that you want to trade?

Let us know if you enjoyed our Audacity Capital Trading firm review!

Use the following code for a 5% discount: FOREXPROP5%

Audacity Capital Review (discount code: FOREXPROP5%) Details

Trading platform
Account Size
Tradable instruments
Account Currencies
Leverage
Maximum capital allocation
Account size:
$15,000
Discount code: FOREXPROP5%
*Apply for an account and make a payment
4.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
4.0
Customer Support
4.0 Overall Rating

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