Audacity Capital Review 2024

		Audacity Capital funds profitable traders with a competitive scaling plan and a straightforward evaluation process.
Audacity Capital funds profitable traders with a competitive scaling plan and a straightforward evaluation process.

Audacity Capital is a London-based prop trading firm. The company sources ambitious retail investors with a proven track record and offers them funded trading accounts up to the value of $480,000. Traders are eligible for up to a 50/50 profit split following a successful application and interview.

This funded trader program review will cover the trading rules and withdrawal policy, any fees and account levels. We also unpack the Audacity Capital evaluation process.

Key Takeaways

• Audacity Capital is a legit prop firm based in the UK
• Competitive scaling plans are available with two routes to funded accounts
• The maximum profit split is 50/50 which is lower than competitors
• Monthly platform fees and subscription charges are relatively high

Company Details

Audacity Capital was established in 2012, with headquarters in London, UK. Since it was founded, the funded program has processed over £2.4 billion in trading volume and has an average monthly payout of £2.8 million.

The prop firm offers fully remote opportunities with no minimum trading days. Audacity Capital also uses institutional liquidity providers meaning traders benefit from tight spreads with no hidden fees or commission charges. Its prop trading services are available in over 140 countries, including the UK. The current CEO is Karim Yousfi.

Audacity Capital has been recognised by several reputable publications, including Yahoo Finance and MarketWatch. The company has also accepted two awards from The International Investor; Excellence in Professional Trading and Excellence in Trading Innovation.

The downside for UK traders is that all accounts are funded in US Dollars.

How Audacity Capital Works

Audacity Capital offers six funded profiles, ranked in stages. Each account is loaded with a trading value of between $15,000 and $480,000. The program also uses a fast scaling plan, meaning the capital amount is doubled each time an investor meets the pre-defined criteria.

There are two evaluation assessment options. Pending verification, traders are granted access to the $15,000 funded account in live market conditions.

What Can Be Traded?

Funded traders can invest capital in major and minor currency pairs. Commodities and indices may also be offered to clients that have reached stage four.

Audacity Capital traders will invest via the firm’s platform. All positions are traded on MetaTrader 4 using live pricing from an institutional liquidity provider.

Evaluation Phase

There are two entry options; the Ability Challenge or the Funded Trader Program.

Ability Challenge

The Audacity Capital Ability Challenge is a two-step evaluation process (challenge and verification). It is more suited towards traders with limited previous trading experience or those wanting to have a go, to demonstrate their talents.

The funded account assessment is hosted in demo conditions and requires traders to demonstrate their skills to make a profit, whilst successfully managing risk.

Users can test their skills with four account balances ($15,000, $30,000, $60,000, or $120,000). Fees apply but are refundable if successful:

• £149 fee for a $15,000 account balance
• £269 fee for a $30,000 account balance
• £369 fee for a $60,000 account balance
• £629 fee for a $120,000 account balance

Challenge Stage:

• 10% profit target
• 30-day timeframe
• 7-day minimum trading time
• 7.5% maximum daily drawdown
• 15% maximum absolute drawdown

Verification Stage:

• 10% profit target
• 60-day timeframe
• 7-day minimum trading time
• 5% maximum daily drawdown
• 10% maximum absolute drawdown

The step-by-step joining process:

1. Sign up for the Ability Challenge
2. Start trading when you receive your demo login details
3. Reach the target requirements within 30 days to progress (challenge stage)
4. Continue making consistent and profitable trades for 60 days (verification stage)
5. Upon sign-off, become a funded trader

Funded Trader Program

An alternative way to receive a funded profile with Audacity Capital is the Funded Trader Program. Designed for investors with a solid trading history and success stories, the evaluation involves two steps; an application and an interview.

This assessment is ideal for traders with existing skills and strategies in place, but are lacking the capital to make big profits.

The process is more straightforward than the Ability Challenge, given that no extensive demo trading is required. However, there are minimum requirements:

• Prove consistent profitability and risk management skills
• Validate at least three to six months of trading activity in a live account
• Show a trading plan or strategy creation with application in a live environment

The step-by-step joining process:

1. Complete the online application form with trade history details
2. Attend a face-to-face or telephone interview with Audacity Capital
3. Receive acceptance results via email
4. Sign the live account contract and pay the joining fee
5. Receive live account login details
6. Start investing

Live Accounts

Once the evaluation process has been completed and passed, access to an Audacity Capital funded profile is available upon payment of the joining fee.

There are six account tiers. These can be accessed once the following tier has been completed and all trading requirements are met.

• $15,000 Account Balance – 0.5 lot maximum order size, $1500 profit target (10%), forex only
• $30,000 Account Balance – 1 lot maximum order size, $3000 profit target (10%), forex only
• $60,000 Account Balance – 2 lots maximum order size, $6000 profit target (10%), forex only
• $120,000 Account Balance – 4 lots maximum order size, $12,000 profit target (10%), forex, commodities, and indices available on request
• $240,000 Account Balance – 8 lots maximum order size, $24,000 profit target (10%), forex, commodities, and indices available on request
• $480,000 Account Balance – 8 lots maximum order size, $48,000 profit target (10%), forex, commodities, and indices available on request

Account Rules

• 10% absolute drawdown
• Trading on news events is not permitted
• A 10% profit target applies to all account tiers
• Positions must be closed by Friday at 6 PM (GMT)
• No minimum trading days to reach the 10% profit target

Note, if the drawdown is hit, traders will not be liable for losses. However, there will be an automatic withdrawal from the program. The company will review re-joining requests on an individual basis, however, the joining fee must be paid again.

Scaling Plan

Once traders are approved for a funded account, the first stage is unlocked. This means initial capital of $15,000 is available instantly.

To progress to the next account balance, investors must adhere to the 10% profit target rule. For example, for this stage, a profit of $1500 must be made. This means a new account balance of $16,500 is required to progress.

Traders can keep advancing through the plan all the way to stage six with an account balance of $480,000.

Fees

There are some fees to be aware of when joining the Audacity Capital funded account program. This includes a joining fee of £298 following approval. There is also a £99 monthly cost regardless of account tier which is similar to the BluFX Mini Lite account.

Although not uncommon, the relatively tight profit payouts vs other prop firms such as Earn2Trade (up to 80% payout), alongside the monthly subscription fee, does make the company uncompetitive in this category.

Audacity Capital claims that the monthly charges are not used for company profits and instead cover data, admin, and technology fees.

Withdrawals

Once the 10% profit target is met at any stage, a withdrawal request can be made. This can be requested via withdrawal.audacitycapital.co.uk or through the trader’s dashboard.

The form is simple to complete and can be actioned in as little as three minutes.

Withdrawal methods include:

• PayPal
• Bitcoin
• Bank Wire Transfer

The 50% profit payout will be received within 48 hours.

Regulation & Security

Audacity Capital is unregulated as it does not offer any services that require oversight from a financial authority such as the Financial Conduct Authority (FCA). This is standard for all prop trading firms and does not mean that services are unreliable or unsafe.

Having said that, liquidity providers all adhere to appropriate regulatory rulings. The company also follows GDPR data privacy protocols, meaning all investor personal details are stored securely.

The firm is registered on Companies House under Audacity Capital Ltd, company number 08865122.

Pros Of Audacity Capital

• UK headquarters
• EAs are permitted
• Simple scaling plan
• Social networking app
• No minimum trading days
• Two funded account evaluation options
• Various courses and educational programs
• Trade on the industry favourite MT4 platform
• Access to deep institutional liquidity providers
• Withdrawals are available after completing each account tier

Cons Of Audacity Capital

• 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

Additional Services & Tools

Hidden Talents Program

The Audacity Capital Hidden Talents Program is a trading package providing prospective investors with a guaranteed funded account.

The program invites individuals with the determination to become profitable investors. There are no penalties based on previous trading history or academic qualifications.

The course is a five-week pathway designed to nurture individuals to become confident and successful investors. Led by an established forex mentor John Ozi, the program is customisable and offers one-to-one personalised support.

Prospective clients can assess the course on a full-time or part-time basis. Topics include:

• Order types
• Trading psychology
• Forex price speculation
• Market events and news trading

The course is available for a one-off cost of £3000. This fee covers access to the training, one-to-one personalised tutorials, and all training materials.

Educational Courses

The prop firm offers several educational programs which are available to funded traders or individual investors with no affiliation to the company.

The Trading Psychology course is suitable for both beginners and experienced traders looking to improve their reactions and responses to external market influences. The course is split into a three-part syllabus; Emotional Awareness, Identification, and Implementation. All modules can be accessed via online video content, however, there is an option to join in-person group sessions. There is a £349 one-off fee to participate.

For beginners, there is an Introduction To Trading program available for £649. This is a two-day intensive course that takes place in person on Audacity Capital’s trading floor. It covers everything a newbie would need to know to start trading in a live environment, from key strategies to macroeconomic events that can impact pricing and common forex keywords.

Similarly, a course for more advanced investors is available. It follows the same two-day in-person format though the participation fee is slightly higher at £749. The course is ideal for investors with some previous investing experience and a basic understanding of the forex market.

A combined course can also be accessed. This is both courses rolled into a four-day program.

The Audacity Capital website also features some useful educational guides, tutorials, and integrated YouTube content. This covers topics such as how to use leverage in forex, the best strategies, and forex trading for beginners.

Networking App

Audacity Capital offers a mobile networking app for all clients. The application can be downloaded to iOS and Android (APK) devices.

Users can create a personal profile to interact and engage with like-minded funded account traders in a safe forum environment. The app can essentially be used as a social networking tool. Traders are encouraged to share investment ideas, successful strategy details and highlight recent market analyses they have conducted.

The company also uses the platform to announce upcoming events and publish the latest organisation news.

Customer Service

Audacity Capital’s customer support is adequate, though there is no live chat function and the FAQ section is quite limited. Having said that, there are plenty of contact methods available for help and responses to queries.

Contact details:

• Phone Number – +44(20) 8050 1985
• Email – support@audacitycapital.co.uk
• Address – Audacity Capital, One Canada Square, Level 8 – Office 8.05, London, United Kingdom

The website also provides plenty of detailed guides and explanations. Additional details can be found on Audacity City’s social media pages including Facebook and LinkedIn.

Should You Apply For An Account With Audacity Capital?

Audacity Capital is a well-respected UK prop firm. Access to a funded account is available through several pathways, meaning there is something for beginners and experienced traders.

The major downsides are the limited payout split and high monthly subscription charges. As a result, our experts recommend signing up with Earn2Trade.

FAQ

		Audacity Capital funds profitable traders with a competitive scaling plan and a straightforward evaluation process.
Audacity Capital funds profitable traders with a competitive scaling plan and a straightforward evaluation process.