At A Glance: |
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|---|---|
| Capital Access: | Starts with a $10,000 account, scalable up to $240,000. |
| Profit Split: | 50/50 between trader and Audacity Capital. |
| Daily Loss Limit: | Maximum daily drawdown set between 5% to 7.5%. |
| Maximum Drawdown: | 10% absolute drawdown. |
| Profit Target: | Set at 10% across different account stages. |
| Fees: | One-time joining fee of £199, monthly fee of £99. Ability Challenge fees range from £149 to £629, refundable upon completion. |
| Investment Options: | Primarily forex, expanding to indices and commodities at higher levels. |
- Accessible entry-level capital with significant scaling potential.
- Equitable profit-sharing model.
- Two distinct pathways, catering to both new and experienced traders.
- Comprehensive scaling plan that encourages consistent trading performance.
- MetaTrader 4 platform support, appealing to a wide range of traders.
- The 50/50 profit split may be less attractive compared to other firms offering higher percentages.
- Monthly fees and joining fees could be a barrier for some traders.
Audacity Capital has marked its presence in the proprietary trading firm sector by offering unique opportunities for traders. With a focus on forex trading and a path to diversify into indices and commodities, Audacity Capital caters to a wide range of trading styles and preferences. Established with the aim of empowering traders who lack substantial capital, the firm bridges the gap between talent and opportunity, providing a robust platform for financial growth and learning.
In contrast to many prop firms that heavily focus on aggressive trading and high returns, Audacity Capital takes a more measured approach. This is evident in their risk management policies and the structure of their evaluation process. They promote a culture of disciplined trading, where success is not just about hitting high numbers but about consistent, sustainable growth and smart risk management.
About Audacity Capital
Audacity Capital, since its inception in 2012, has revolutionized the concept of a Remote Forex Proprietary Trading Firm. It is a notable proprietary trading firm based in London, established with a mission to empower and fund talented traders. Founded by Karim Yousfi over ten years ago, the firm has carved a niche for itself in the competitive world of forex trading.
The firm primarily leverages the MetaTrader 4 (MT4) platform, recognized for its advanced trading features and user-friendly interface, catering to both novice and experienced traders. With a global operational reach, Audacity Capital has carved out a reputation for its inclusive approach, offering opportunities to traders from various geographies and backgrounds.
Capital Access and Scaling Opportunities
Initial Capital:
Traders at Audacity Capital begin their journey with a $15,000 funded account. This starting point is designed to offer a balance between meaningful capital exposure and manageable risk.
Profit Split:
The firm implements a 50/50 profit split model. This arrangement underscores the firm’s commitment to sharing success equitably with its traders.
Scaling Plan:
One of the most attractive features of Audacity Capital is its scaling plan. Traders can escalate their account balance up to $480,000. This scaling is contingent upon achieving a 10% profit target, which effectively doubles the account size. This approach not only incentivizes traders to perform but also ensures that they do so with a focus on steady and sustainable growth.
The scaling plan at Audacity Capital is a reflection of their confidence in their traders’ abilities and their commitment to reward success. By providing a clear and attainable path for growth, the firm aligns its interests with those of its traders, fostering a collaborative and supportive trading environment.
Audacity Capital Evaluation Process and Trading Objectives
Ability Challenge:
This is the gateway for new traders at Audacity Capital, involving a multi-stage evaluation. The initial 30-day challenge tests traders’ abilities to meet predefined profit targets while adhering to strict risk management rules. The follow-up 60-day verification stage assesses the consistency of the trader’s strategies and their ability to replicate success.
Funded Trader Program:
For experienced traders, the Funded Trader Program offers a more direct route. Applicants are evaluated based on their trading history, strategies, and risk management skills. This program highlights Audacity Capital’s recognition of experience in the trading field, offering a fast-tracked opportunity for proven traders.
The evaluation process at Audacity Capital is tailored to filter and foster talent. By setting realistic but challenging objectives, the firm ensures that only disciplined and skilled traders make it through. This process underlines the firm’s emphasis on responsible trading and long-term profitability.
Fee Structure
- Joining Fee: The firm charges a one-time joining fee, which is an entry threshold ensuring that only serious traders embark on the journey.
- Monthly Fee: The recurring monthly fee covers the operational costs of providing state-of-the-art trading infrastructure and support. This fee structure is transparent and consistent across different account sizes.
The fee structure at Audacity Capital is designed to balance accessibility with the necessity of maintaining a high-quality trading environment. By imposing these fees, the firm ensures that it can continue to provide excellent services and support to its traders.
Trading Platforms and Available Instruments
- Platform: The choice of MetaTrader 4 as the primary trading platform reflects the firm’s commitment to providing reliable and widely-recognized trading tools to its traders.
- Instruments: Starting with forex pairs and gradually opening up to indices and commodities at higher account levels, Audacity Capital offers a range of trading instruments. This diversity allows traders to broaden their trading strategies and capitalize on different market dynamics.
The inclusion of various trading instruments is a testament to Audacity Capital’s understanding of the evolving nature of financial markets and the need for traders to have access to a diverse range of trading options.
Audacity Capital Withdrawal and Payout Mechanism
- Withdrawal Process: Upon achieving the set profit targets, traders can initiate the withdrawal process. This system is streamlined to ensure quick and efficient access to earned profits.
- Payout Options: The firm offers various payout methods, catering to the global nature of its trading community. This flexibility is crucial in providing traders with easy access to their earnings.
The withdrawal and payout mechanism at Audacity Capital is designed with the trader’s convenience in mind, ensuring that the fruits of their labor are easily and promptly accessible.
Regulatory Compliance and Security
Audacity Capital operates within the framework of industry norms for prop trading firms. While they are not subject to stringent regulatory oversight typical of financial institutions, they prioritize the security and privacy of their traders. Their use of regulated liquidity providers adds an extra layer of reliability to their operations.
Innovative Approach in Proprietary Trading
Audacity Capital’s operational model is unique. It functions by assigning traders – akin to contractors – large-sized accounts, post a challenge fee. These traders, operating remotely, engage in various market activities, including trading in commodities, bonds, derivatives, forex, stocks, and more. The firm’s revenue streams are twofold: profit splits from successful traders and income from funded account challenges.
The Path to Becoming a Remote Prop FX Trader with Audacity Capital
The journey to trading with Audacity Capital begins with an application to the program, followed by an interview process. This interview could be face-to-face for London-based applicants or over the phone for others. The firm prides itself on its multilingual talent acquisition team, ensuring a seamless interview experience. Within 24 hours, applicants receive results, and successful candidates can start trading.
Unique Features of Audacity Capital’s Program
Audacity Capital’s program is designed to provide value to traders and prove the effectiveness of trading from home. Traders are offered large-sized accounts to trade for a month under specific firm rules. Profit generation leads to a significant share for the trader, usually around 70%. This model underlines the firm’s commitment to empowering traders by providing them with substantial trading capital and fair profit-sharing terms.
Professional Training at Audacity Capital
Foundation Building Course:
Audacity Capital’s ‘Introduction to Trading’ is a five-day intensive course designed to lay a solid foundation in financial trading. This course is structured to provide a comprehensive understanding of basic trading concepts, technical analysis, and risk management. It’s aimed not just at imparting knowledge but at instilling a strong fundamental understanding of how markets operate.
Practical and Interactive Learning:
What sets this course apart is the interactive approach. Participants get hands-on experience with the MT4 trading platform, learning how to execute trades and apply technical indicators effectively. The course also delves into trading psychology and macroeconomic factors, ensuring a rounded understanding of trading. It’s ideal for those new to trading, providing the essential tools and knowledge to start a trading career.
Audacity Capital Advanced Trading
Skill Enhancement for Experienced Traders:
The Advanced Trading program is a step up, tailored for traders who have grasped the basics and are ready to elevate their skills. This five-day course dives into more complex trading strategies and risk management techniques. It’s not just about learning advanced methods but understanding their practical application in live trading scenarios.
Comprehensive Coverage:
This program covers a wide range of topics including advanced trading psychology, risk management strategies, and the intricacies of market analysis. It’s designed to refine and enhance the skills of traders, providing them with tools to navigate the complexities of the financial markets effectively.
Combined Course
Holistic Trading Education:
The Combined Course is an amalgamation of the Introduction to Trading and Advanced Trading courses. This comprehensive program is structured to take participants from a basic understanding of the markets to an advanced level of trading proficiency.
Seamless Learning Journey:
By combining both courses, Audacity Capital offers a continuous learning journey, ensuring that participants fully grasp the fundamentals before moving on to more complex concepts. This approach is beneficial for ensuring a thorough and in-depth understanding of trading, making it ideal for those committed to a serious career in trading.
Audacity Capital Hidden Talents Program
Mentorship and Personalized Training:
The Hidden Talents Program is Audacity Capital’s flagship training initiative, offering a unique blend of one-on-one mentorship and personalized strategy development. This month-long program is designed to take traders from the basic level to a position where they can consistently generate profits.
Practical Application and Real Account Trading:
The program is hands-on, with practical application on live accounts. Trainees not only receive theoretical knowledge but also get to apply these concepts in real market conditions. Successful completion of the program leads to trading with a $15,000 funded account, with a fair 50/50 profit split and the opportunity to double the account size upon reaching set targets.
Is Audacity Capital Legit?
Audacity Capital is considered a legitimate proprietary trading firm. Despite not being regulated like traditional financial institutions, it operates with transparency and professionalism. The firm has established a reputation for providing traders with a solid platform to trade and grow. Their operational practices, including the use of regulated liquidity providers, further bolster their credibility in the trading community.
What Do We Think of Audacity Capital?
Audacity Capital presents itself as a viable option for traders seeking to access capital without the initial financial outlay. Their structured evaluation process, along with the provision of trading education and support, makes them an attractive choice for traders at different stages of their journey. However, the fee structure and profit split ratio may require careful consideration, especially for those comparing multiple proprietary trading firms.
Audacity Capital’s focus on disciplined trading and risk management, combined with its scaling opportunities, makes it suited for traders who are serious about their career in trading. Their platform can be particularly beneficial for traders who value steady growth and are willing to navigate the firm’s trading parameters and rules.
Our Rating: 4.8/5 (See How We Came Up With This Rating)
Audacity Capital – A Firm for Growth-Oriented Traders
Audacity Capital offers a platform that combines capital access, educational support, and growth opportunities. It’s well-suited for traders who are looking for a path to scale their trading career while adhering to disciplined risk management. The firm’s commitment to supporting its traders through various stages of their career makes it a noteworthy option in the world of proprietary trading.
FAQs:
- What maximum capital can I manage with Audacity Capital?
- Traders can scale their accounts up to $480,000 through consistent performance and meeting profit targets.
- What types of accounts are available at Audacity Capital?
- Audacity Capital offers forex-focused accounts initially, with the possibility of expanding into indices and commodities at higher account levels.
- Are there any initial costs for joining Audacity Capital?
- Yes, there is a one-time joining fee and a monthly platform fee.
- What platforms does Audacity Capital support?
- The primary trading platform supported by Audacity Capital is MetaTrader 4.
Audacity Capital Details
