Audacity Capital Prop Firm Review: Pros and Cons

Audacity Capital Prop Firm Review – Audacity Capital is a prominent prop trading firm that offers experienced traders the opportunity to access significant capital without the need for an evaluation period. In this review, Audacity Capital stands out with a straightforward funding structure that equips traders with essential tools and resources for success in the foreign exchange market. By simplifying the funding process, traders are able to concentrate on honing their strategies without the typical complexities of other funding models. Due to the pragmatic approach the firm has adopted in terms of the profit-sharing model/structure and the scaling plan, Audacity Capital has review and attracted many professional traders who are always in a quest of quick funding as well as growth. 

Nevertheless, the strategy of the Fund aims to have some problems in the case with Audacity Capital. The high entry points and monthly fees of the firm may be discouraging to some traders, and although the firm has low minimum account requirements it may not offer enough support to beginners and may lead traders to search for other platforms after learning the basics on the firm’s trading platform. Audacity Capital prop firm review; we’ll discuss what this firm offers to its clients and what benefits and drawbacks are in your trading career.

Audacity Capital Platforms

• MetaTrader 4
• MetaTrader 5

Pros of Trading Audacity Capital

• The challenge for beginners is very easy; if you fail, you can retake the test – this is a demo account.
• In case a new company partner has passed the challenge, the initial fee is returned.
• Professional traders can apply and have their applications considered within 24 hours, bypassing the entry test.
• The balance is doubled every time a trader earns 10% of the current balance.
• It offers fast executions, no swaps, no additional commission, and tight spreads. 
• The prop trader has their app for account management and communication among the partners. 
• The company provides educational materials and specialized courses  at an additional cost.
• Fast scaling up to $2 Million. Your account doubles when you achieve a profit target.
• No time restrictions to complete the challenges.
• Free trial available to test the platform.
• Ability to withdraw with $0 fees
• Offers access to MetaTrader 4, MetaTrader 5
• Fast and digital account opening/verification
• Offers access to Forex pairs, indices, commodities
• Account funding doubles after every 10% profit milestone
• Higher daily loss limit of 10%
• Most payment options are free and instant
• Accepts direct crypto transaction
• No demo account or challenges
• Live account
• EAs allowed
• Hedging to manage risk allowed
• Overnight position allowed

Cons of Audacity Capital

• The fees start from £149, which is very steep for only a $15,000 balance.
• The company charges all its partners a monthly fee of £99;
• The customers can initially trade only currencies and indices, while the commodities are available from the fourth level.
• The profit share starts at 75% on the Ability account and 50% on the Funded Trader Program.
• Leverage only 1:30 on the instant funding program.
• Maximum profit payout of 50%
• Forex trading only until stage four
• Maximum funded account balance of $480,000
• Joining fee and monthly subscription charges apply

Funded Trader Program

• The minimum audition fee for funding the account
• Account Size: 15,000 USD – 480,000 USD
• Lot Size: 0.5 lots for each 15,000 USD on the account, up to 16 lots
• Drawdown: 10% on all funded accounts
• Profit Target: 10% on all funded accounts
• Tradable Assets: Forex, Indices, Commodities
• Weekend Positions: The positions can be held overnight and on weekends; upon request.
• News Events Trading: Not allowed
• Time Restrictions: None
• Minimum Trading Days: Minimum amount of days required to trade is with no restriction
• Profit split – 50/50
• No liability for losses
• No commissions, no swaps

Frequently Asked Questions (FAQs)

What is the minimum capital requirement to start with Audacity Capital?

• Most firms require a higher minimum initial funding, though specific amounts vary based on the trader’s background.

Are there any monthly fees to trade with Audacity Capital?

• Yes, traders are charged monthly fees to maintain their live trading accounts.

How long does it take to get funded by Audacity Capital?

• The application and funding process moves quickly, usually wrapping up within a few days.

What kind of support is offered to traders?

• Audacity Capital provides personal coaching and a dedicated trading coach for their traders.

Can beginners join Audacity Capital?

• While the firm primarily caters to experienced traders, beginners may find the lack of educational resources a challenge.

What are the drawdown limits with Audacity Capital?

• Specific drawdown policies apply, and traders need to adhere to risk management rules to avoid breaching their account limits.

What is the size of the Audacity capital account? 

• Audacity Capital provides traders with account sizes ranging from 10,000 up to $240,000. These accounts can increase to $2,000,000 depending on the kind of profits that you are making as you continue trading. When choosing a product, you can either receive immediate funding, as with the Funded Trader Program, or undergo a two-phase assessment, which is part of the Ability Challenge. The prices of the products differ depending on the account size that you are interested in applying for. The prices for the smaller funded account are $129 and the price for the bigger account is $2399.

What Is Audacity Capital?

• Audacity Capital is a well-known prop firm of its industry origin. The company provides funded accounts to profitable traders, having options for different account size limits that range from 15 000 to 480 000 dollars. In addition, the company is a trading education provider that develops various online and live courses based on this discipline .

Is Audacity Capital A Legit Prop Firm?

• Audacity Capital is a straightforward, reputable funded account provider with over a decade of experience in the financial markets. This London-based company caters to UK investors and extends its services to over 140 countries worldwide. Customer reviews highlight the company’s strengths, with many praising its world-class training programs and fair assessment criteria.

Is Audacity Capital Really Free To Trade?

• It is not free to trade with Audacity. Some of the trading fees include the variable assessment cost, which is refundable if successful, a joining fee costing £298, and a subscription fee of £99 per month. These shall be put into consideration upon application.

How much is the Audacity Capital Payout?

• That’s different for the product you chose; here is each product’s payout: Funded Trader Program: A 50% dividend, up to 80% of all of the profits, is shared with the trader.
  Ability Challenge: UP to 85% to the trader, from 75%.
  Other prop firms give better payouts, but we can say this is somewhat the industry standard. Options with instant funding give you less payout compared to the one with evaluation, which is understandable.