Overview
Audacity Capital is a proprietary trading firm established in 2012 and headquartered in London, UK. The firm offers funding programs to traders worldwide, aiming to empower profitable traders by providing them with capital to trade the financial markets.
Evaluation Model
Audacity Capital offers two primary funding programs:
- Funded Trader Program: This program provides traders with immediate access to live trading capital without the need for a demo challenge. Traders start with a funded account and are expected to trade within specified risk parameters.
- Ability Challenge: A two-phase evaluation process where traders must achieve specific profit targets while adhering to drawdown limits. Successful completion leads to a funded account.
Profit Split
- Funded Trader Program: Traders can earn up to 80% of the profits generated.
- Ability Challenge: Upon successful completion and funding, traders can earn up to 90% profit split.
Payments & Withdrawals
Traders can withdraw profits bi-weekly, with a minimum withdrawal amount of $100. Withdrawal methods include PayPal, bank transfers, and cryptocurrencies.
Drawdown Rules
- Funded Trader Program: Maximum daily drawdown of 5% and overall drawdown limit of 10%.
- Ability Challenge: Phase 1 allows a maximum daily drawdown of 7.5% and overall drawdown of 15%. Phase 2 has stricter limits.
Trading Platforms
Audacity Capital supports trading on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with access to a wide range of trading tools and features.
Scaling Plan
Traders’ account sizes are doubled each time they achieve a 10% profit target without violating risk parameters. This allows traders to scale up to managing accounts worth $2,000,000.
Payout Process
Payouts are processed bi-weekly. Traders can request withdrawals once they have achieved the profit targets and adhered to the trading rules.
Available Trading Instruments
Traders can access a variety of instruments, including:
- Forex (Major, Minor & Exotic pairs)
- Commodities (Gold, Silver, Oil)
- Indices (S&P 500, Nasdaq, DAX, FTSE 100, etc.)
Account Sizes
- Funded Trader Program: Starting account sizes range from $15,000 to $60,000.
- Ability Challenge: Traders can start with accounts ranging from $15,000, with the potential to scale up based on performance.
Profit Target
- Funded Trader Program: Traders are expected to achieve a 10% profit target to qualify for scaling and withdrawals.
- Ability Challenge: Phase 1 requires a 10% profit target, and Phase 2 requires a 5% profit target.
Final Rating Table
Feature
Rating (Out of 10)
Prop Firm Overview
9.0
Evaluation Model
8.5
Profit Split
8.5
Payments & Withdrawals
8.0
Regulation & Security
7.5
Maximum Funded Capital
9.0
Drawdown Rules
8.0
Trading Platforms
9.0
Scaling Plan
9.0
Payout Process
8.0
Trading Instruments
8.5
Account Sizes
8.5
Profit Targets
8.0
Overall Score
8.4
Final Verdict
Audacity Capital stands out as a reputable proprietary trading firm offering both immediate funding and evaluation-based programs. With a clear scaling plan, competitive profit splits, and access to major trading platforms, it provides traders with the tools and capital needed to succeed. While the firm operates transparently, potential traders should be aware of the drawdown rules and ensure they align with their trading strategies.