Liquidity Provider / Own Broker

Audacity Capital

AudaCity Capital is a Forex proprietary trading firm that empowers traders by providing capital and a supportive trading environment. 

Unique aspects include their Ability Challenge, which allows traders of all backgrounds to demonstrate their skills through a two-step demo process. 

Successful completion of this challenge grants access to live accounts with customizable initial capital. 

Key benefits of their programs include substantial starting capital, enhanced leverage, no monthly fees, and a high profit-sharing model of up to 85%. 

Additionally, they offer fast scaling opportunities and premium liquidity.

## Legal Company name

AudaCity Global Limited

## Company address

Level 8. Office 8.05 One Canada Square, London, England, E14 5AA, United Kingdom

## Year of establishment

March 2012

## Place of company registration

United Kingdom

## Company owners

Not identified

## Company CEO

Karim Yousfi

## Trading platforms offered

**MT4, MT5.** 

These platforms are renowned for their robust features, user-friendly interface, and advanced charting tools, ensuring traders have all the resources they need to succeed.

## Trading instruments available

Audacity Capital offers a diverse range of trading instruments, including:

- Major and minor forex pairs
- Gold
- DAX
- S&P500
- US30
- NAS100

This wide variety allows traders to diversify their portfolios and capitalize on multiple market opportunities.

## Range of account sizes offered

Audacity Capital provides a range of account sizes to accommodate different trader needs and budgets:

- $10,000: $129
- $15,000: $189
- $30,000: $339
- $60,000: $459
- $120,000: $779
- $240,000: $1559

## Profit split structure

Audacity Capital offers competitive profit split structures:

- Ability Challenge: Up to 85%
- Funded Trader Program: Up to 80%

## Profit targets for each challenge phase

Traders must achieve a **10% profit target** in each challenge phase, ensuring they demonstrate consistent and profitable trading strategies.

## Maximum daily and total loss limits

- Maximum daily drawdown: 7.5%
- Maximum absolute drawdown: 15%

## Minimum and maximum trading day requirements

Minimum trading days: 4 days

## Overview of challenges and general rules

- Unlimited deadline to reach target on evaluation phases
- 7.5% maximum daily drawdown
- 10% maximum absolute drawdown
- Quarterly scaling up to $2M

## Pricing/costs to start challenges

- $10,000: $129
- $15,000: $189
- $30,000: $339
- $60,000: $459
- $120,000: $779
- $240,000: $1559

## Fees & commissions

- No monthly fees on the Ability Challenge
- Zero commission and swap fees in the Funded Trader Program

## Refundable fees details

Refundable fee upon completing all stages of the Ability Challenge

## Free trial availability and details

Free trial available, but details not specified

## Payout frequency

Audacity Capital offers **bi-weekly payouts**, ensuring traders receive their profits regularly.

## Leverage

**Traders can access leverage of 1:100** for every instrument, allowing for greater exposure with a smaller capital outlay.

## Consistency rule

Information on the consistency rule was not disclosed on their website or accessible at the time of writing.

## Commission per lot

$5 per lot on every instrument (only for the Ability Challenge)

## Customer support options and details

Email

## Trustpilot Reviews

### Positive

- **No Commissions or Swaps:** Traders are not charged commissions or swaps, promoting cost-effective trading.
- **Fast Execution:** Provides fast trade execution, which is crucial for timely trading decisions.
- **Real Accounts:** Offers real trading accounts, helping traders achieve their goals more quickly.
- **Good Support:** Generally responsive support team, with clear instructions and rules available on the website.
- **Flexibility:** Allows trading during news events and over weekends, providing more trading opportunities.

### Negative

- **Slow Verification and Phase Transition:** Takes up to 72 hours to deliver verification and the next phase, which can be slow compared to other firms.
- **Manual Consistency Checks:** Requires manual verification for consistency rules, leading to delays in account progression.
- **Higher Profit Targets:** Profit targets in the ability phases are relatively high compared to other prop firms, making them more challenging to achieve.
- **Lengthy Payout Period:** Payouts are processed 30 days from the first trade, which is longer than many competitors.
- **Technical Issues and Communication Delays:** Some delays in account setup and occasional lack of careful reading in support communications.

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Audacity Capital - 8K - 0 Step - 50%