Audacity Capital Review

Audacity Capital is a well-known prop trading firm from the United Kingdom.

But is Audacity Capital a scam?

No, it isn’t!

Our review and experience show that Audacity Capital is a safe proprietary trading firm.

Sign up with Audacity Capital now!

You can share your experiences with Audacity Capital within our comment section.

Key Takeaways

• Audacity Capital is a safe prop trading firm which has served the prop trading community since 2012 and operates globally in over 140 countries. They offer prompt payouts and are renowned for financial transparency
• The firm specializes in prop trading for Forex and CFDs with 85% to 90% profit split. Their offering includes a two-stage challenge (Ability and Verification), no-evaluation funded trader programs
• Our review of Audacity Capital discusses Audacity Capital’s programs, trading rules, available instruments, educational resources, and comparison with alternatives. It covers both advantages and potential drawbacks as well.

About Audacity Capital

Audacity Capital is a prop trading firm founded in 2012 by Karim Yousfi, who continues to serve as the CEO. Headquartered in London, UK, the prop firm now operates in more than 140 countries.

Audacity Capital has established itself as a leader in the Forex and CFD trading space, with an impressive track record of £2.4 billion in trading volume.

Audacity Capital is also a trading education provider. They offer several online and in-person courses to help traders develop their skills. The company has also received awards for Excellence in Professional Trading and Excellence in Trading Innovation from The International Investor.

Safety and Regulation

Financial authorities do not regulate Audacity Capital in the traditional sense, as it does not act as a broker or investment advisor. The company operates on a principal-to-principal basis with its traders, providing them with capital to trade.

The company implements strict risk management protocols, including daily loss limits and maximum drawdown restrictions. Audacity Capital also strictly follows data protection regulations such as GDPR for EU clients.

They use popular and trusted trading platforms like MetaTrader 4 and 5 to secure their trading infrastructure. Customer reviews about Audacity Capital online are also positive.

Accepted Countries

They accept registrations from most of the countries in the world. However, due to sanctions, they don’t offer services to certain countries like Iran, Afghanistan, and North Korea.

They have currently suspended new registrations from the United States for regulatory reasons. Audacity Capital used to accept US traders, which was one of its benefits compared to other prop trading firms. But that has changed with the recent suspension.

• Australia: Yes, registration is possible
• Canada: Yes, registration is possible
• Ghana: Yes, registration is possible
• Hong Kong: Yes, registration is possible
• India: No, registration isn’t possible
• Ireland: Yes, registration is possible
• Kenya: Yes, registration is possible
• New Zealand: Yes, registration is possible
• Nigeria: Yes, registration is possible
• Pakistan: Yes, registration is possible
• Philippines: Yes, registration is possible
• Singapore: Yes, registration is possible
• South Africa: Yes, registration is possible
• United Kingdom: Yes, registration is possible
• United States: Temporarily suspended

Evaluation Process

The evaluation process consists of 2 parts: the Ability Challenge and Verification. Once you pass both steps, you can get a live-funded account. There’s also a Funded Trader Program, which you can access at a higher fee without going through an evaluation.

Ability Challenge & Verification

There are two stages: Challenge and Verification. In the first stage, you’re aiming to make a 10% profit, but you can’t lose more than 7.5% in a day. The second part is a bit easier. You have to make 5% profit, but you can only lose 5% max in a day.

If you make it through all that, you get to trade with a live-funded trading account. At first, you keep 75% of what you make. If you do really well and make a 10% profit, you can bump that up to 85%.

The evaluation process has no time limit. You can take as long as you need, which takes the pressure off.

You’ve got to trade for at least four days, but here’s the catch – you need to be consistent. They don’t want you making one big trade one day and then a bunch of tiny ones the next. If you fail to show consistency, you will fail the evaluation test.

Funded Trader Program

If you’re an experienced trader looking to skip the evaluation challenge, Audacity Capital’s Funded Trader Program might be the ideal solution for you. This program is designed for traders with a solid track record of success and at least 3-6 months of live trading experience.

To be eligible, you’ll need to demonstrate consistent profitability and strong risk management skills. You should also have a well-defined trading plan you’ve applied in a live account.

The application process is fairly straightforward. You’ll start by filling out an online application form where you’ll detail your trading history. Next, you’ll be contacted by Audacity Capital for an interview, which can be conducted either in person or over the phone.

Once they’ve reviewed your application and spoken with you, you’ll receive a notification via email regarding their decision.

Challenge Trading Rules

You have to follow certain challenge trading rules to pass the evaluation test. Learn about them here:

• Profit Target
• Profit Split
• Trading Period
• Minimum Trading Days
• Maximum Daily Loss
• Maximum Loss
• Maximum Position Size
• Maximum Capital Allocation and Multiple Accounts
• Trading Types
• Leverage
• Trading Style
• Trading Hours
• News Trading
• Weekend and Overnight Trading
• Expert Advisor
• Copy Trading

Profit Target

In the first stage, you need to make a 10% profit. Then, in the verification stage, you need to achieve a 5% profit. If you pass both stages, you will gain access to a funded account. Your profit share of 75% will increase to 85% if you manage to hit the 10% profit target with the live account.

Your goal for the Funded Trader Program is always to make a 10% profit. When you hit this target, you can take out your share of your profits. Also, you level up, meaning the company doubles the size of your trading account.

Profit Split

For the Ability challenge, you get to keep 75% of your profits first. If you make at least 10% profit, you get to keep even more—85% of the profits. If you make at least 2.5% profit each month and have taken some money out at least once, your account can double in size every three months. After your account has doubled in size twice, you can earn up to 90% of the profits you make.

You can earn 50-80% profit share in the Funded Trader Program. If you hit your target fast (within 30 days), you get an extra 10% on top of your normal share. If it takes longer, you just get the regular share.

Trading Period

There is no trading duration; you can trade as long as you don’t achieve the profit target.

Minimum Trading Days

For the Ability challenge, you need to trade on at least four different days. Each day must have at least one open position. The key is consistency – your trades should be similar in size and duration across those days. For example, don’t do one big trade on one day and several tiny trades on other days. This can cause you to fail the challenge.

For the Funded Trader Program, the minimum number of trading days is 5. Of these 5, at least three must be profitable days.

Maximum Daily Loss

The audacity evaluation stage has different loss limits depending on your stage. You can’t lose more than 7.5% in a day during the Ability challenge. For verification and Live Account, the limit drops to 5% per day. The limit is based on your total account balance and includes both completed and ongoing trades. The trading day starts at midnight GMT.

If your losses go over this 5% limit at any point during the day, your account will be automatically closed, and you’ll be removed from the program.

For the Funded Trader Program, you’re not allowed to lose more than 5% of your account’s value in a single day.

Maximum Loss

Max drawdown is the biggest loss you’re allowed to have on your trading account.

You can lose up to 15% of your starting balance for the Ability Challenge. The Verification Challenge and Live account have a stricter limit of 10%.

This limit doesn’t change even if you make profits. For the Funded Trader Program, the maximum drawdown is 10%.

Maximum Position Size

Both programs don’t have any size limitations. However, they advise maintaining consistency as it can affect the trading strategy.

Maximum Capital Allocation and Multiple Accounts

They only allow one account per person to keep things fair for everyone. This way, everyone focuses on their best strategy and has an equal shot at winning. The maximum account size you can reach is $500,000.

Trading Types

You can trade all assets available on your platform, such as forex, gold, and indices.

Leverage

The leverage is 1:30, which gives you enough opportunity to make significant profits.

Trading Style

You can use your own trading strategies, which are great for your creativity and personal style. However, you must follow the program’s risk rules.

Trading Hours

The forex market operates 24 hours a day, five days a week, through four main trading sessions:

1. Sydney: 3 PM to 12 AM EST
2. Tokyo: 7 PM to 4 AM EST
3. London: 3 AM to 11 AM EST
4. New York: 8 AM to 5 PM EST

These sessions overlap, creating continuous trading opportunities. The market is most active when multiple sessions are open simultaneously. For example, there’s high activity when London and New York sessions overlap (8 AM to 11 AM EST).

News Trading

You can’t have open trades during major news events like job reports, interest rate decisions, or when central bank leaders speak. The risk management team will email you about these restrictions. After the news, wait 30 minutes before trading again.

Weekend and Overnight Trading

You can keep positions open overnight if you want. However, you usually can’t keep positions open over the weekend for standard accounts. But you can ask for permission to keep a position open. For that, you have to fill out a form by 5 PM GMT on Fridays.

Participants in the Funded Trader program can open weekend positions without asking for permission first.

Expert Advisor

The program allows EAs but with some restrictions. You can’t use them for High-Frequency Trading (very rapid trading), martingale (doubling down on losses), or risky strategies. However, EAs that follow safe trading practices and aim for long-term success are encouraged.

Copy Trading

Copy trading is allowed, but certain restrictions apply. The rules regarding copy trading are a bit vague, and there’s not much information on the website.

Trading Platforms

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are used for trading. They are specialized apps for trading stocks, currencies, and other financial instruments.

MT5 has a WebTerminal version. This means you can trade directly from your web browser on any device with an internet connection, just like accessing a website. There is no need to download anything.

Trading Instruments

This trading program offers you a wide range of assets to trade, available around the clock. You can trade major and cross-currency forex pairs, which involve exchanging one currency for another. You can also access indices and commodities.

Forex pairs:

• AUDCAD – Australian Dollar vs Canadian Dollar
• AUDCHF – Australian Dollar vs Swiss Franc
• AUDJPY – Australian Dollar vs Japanese Yen
• AUDNZD – Australian Dollar vs New Zealand Dollar
• AUDUSD – Australian Dollar vs US Dollar
• CADCHF – Canadian Dollar vs Swiss Franc
• CADJPY – Canadian Dollar vs Japanese Yen
• CHFJPY – Swiss Franc vs Japanese Yen
• EURAUD – Euro vs Australian Dollar
• EURCAD – Euro vs Canadian Dollar
• EURCHF – Euro vs Swiss Franc
• EURGBP – Euro vs Great Britain Pound
• EURJPY – Euro vs Japanese Yen
• EURNZD – Euro vs New Zealand Dollar
• EURUSD – Euro vs US Dollar
• GBPAUD – Great Britain Pound vs Australian Dollar
• GBPCAD – Great Britain Pound vs Canadian Dollar
• GBPCHF – Great Britain Pound vs Swiss Franc
• GBPJPY – Great Britain Pound vs Japanese Yen
• GBPNZD – Great Britain Pound vs New Zealand Dollar
• GBPUSD – Great Britain Pound vs US Dollar
• NZDCAD – New Zealand Dollar vs Canadian Dollar
• NZDCHF – New Zealand Dollar vs Swiss Franc
• NZDJPY – New Zealand Dollar vs Japanese Yen
• NZDUSD – New Zealand Dollar vs US Dollar
• USDCAD – US Dollar vs Canadian Dollar
• USDCHF – US Dollar vs Swiss Franc
• USDJPY – US Dollar vs Japanese Yen

Indices:

• GER30m – Germany 30 (Mini)
• SPX500m – US SPX 500 (Mini)
• TECH100m – US Tech 100 (Mini)
• WS30m – Wall Street 30 (Mini)

Commodities:

• XAUUSD – Spot Gold

Broker

Instead of using a retail broker, they use an institutional liquidity provider. As a result, you don’t pay extra fees for each trade, and there are no interest charges for holding positions overnight.

Other Products

Audacity Capital prop firm offers several other products in addition to its trading programs. Learn about them here:

• Trading Guides
• The Advanced Trading Program
• The Introduction Course
• The Hidden Talents
• Newsletter

Trading Guides

The Forex prop firm offers extensive guides on various financial topics to educate you about prop trading and help you become a successful trader. If you are new to prop trading, it would be beneficial for you to go through these guides before starting to trade.

The Advanced Trading Program

It is a five-day intensive course designed for traders who want to take their skills to the next level. Here, you’ll learn about excellent strategies, advanced risk management techniques, and various tools to improve your performance.

This program is suitable for traders with varying levels of experience as long as you have a basic understanding of forex trading.

The Introduction Course

It is a five-day trading course that covers the fundamentals of financial trading. It’s like a crash course in Trading 101, covering everything from basic concepts to technical analysis and risk management.

You’ll also get an introduction to trading psychology and economics. This course teaches you how to use the MT4 trading platform- you’ll learn how to place trades, use the platform’s features, and even install and use technical indicators.

The Hidden Talents

This program is a unique opportunity for aspiring traders.

It’s like a talent scout program for traders. You’ll receive one-on-one training with a qualified mentor who will help nurture your trading skills. This program is designed to find and develop raw talent who are eager to prove themselves in the financial markets.

Newsletter

The newsletter provides recent financial news, keeping you updated on the latest developments in the markets. It will give you regular updates that could affect your trading decisions.

Prices and Challenge Fees

The pricing depends on account type and initial capital amount.

For the Ability Challenge:

Funded Trader Program:

If a trader progresses to a funded account, there are additional audacity capital fees. You have to pay a £298 joining fee and a £99 monthly fee.

Payment Methods and Payout System

You can make deposits via Credit/Debit card, Paypal, Bank Transfer, and Coinbase.

When you hit your 10% profit target, you can make a withdrawal request to cash out your earnings. To do so, fill out a form at withdrawal.audacitycapital.co.uk or request it through your Trader Dashboard. They allow payouts once a month.

The money should reach you in 3-5 business days after you ask for it. This process lets you get your share of the profits before moving on to the next level of trading.

Registration and KYC

To trade with Audacity Capital, you have to register with them first. The process is quite easy, and I’ve explained it below:

• Visit the Audacity Capital website
• Click the “Take the challenge” button
• Fill out the one-page form with the required information, such as name, email, country, and phone number.
• Choose the trading platform
• Confirm Prop Trader’s Privacy Policy and Terms and Conditions
• Fill out the payment details
• Click place order to complete the process

Before they make the first payout, you’ll be asked to verify your identity. For KYC, you’ll need to offer proof of identity (passport, driving license) and proof of address.

Discount and Promo Code

Right now, there’s no discount or promo code going on.

Free Trial and Demo Account

They do offer a free trial. You can find the free trial option from the main navigation menu.

Mobile App

They don’t have a dedicated mobile app, but the platforms have a mobile app that you can use to trade. You can also use their website from any mobile browser.

Customer Service and Support

You can reach customer support through email, live chat, or direct calls. I’ve used the live chat mostly, and the service is pretty fast.

The service is pretty helpful as they either give you links to answer your query or give detailed answers themselves. Reaching a live agent doesn’t take more than a couple of minutes. During out of hours service, you’ll need to mail them.

Taxes

Audacity Capital does not take any kind of responsibility for your taxes. You are responsible for your tax submission, as prop trading income is taxable. You should consult with a professional regarding how to process taxes. Learn more in our dedicated guide about “Prop Trading Taxes“.

Alternative and Competitors of Audacity Capital

Here are some other alternatives you can check out:

FTMO

FTMO is a Prague-based prop trading company founded in 2014 by Otakar Šuffner and Marek Vašíček. It offers traders funding from €10,000 to €160,000, with profit shares up to 90%. FTMO provides access to numerous financial instruments through MT4, MT5, and cTrader platforms.

Earn2Trade

Operating since 2016, Earn2Trade is a prop trading provider focusing on futures trading education and evaluation. It offers funded trader programs with capital from $25,000 to $400,000 and 80% profit sharing. The company provides comprehensive training resources and operates through two entities: one for US traders (Wyoming) and another for international traders (Dubai).

The Trading Pit

The Trading Pit is a rapidly rising prop trading company based in Liechtenstein. It has won numerous awards for its innovative approach and transparency. The company offers funded accounts ranging from €10,000 to €200,000 for CFDs and $20,000 to $250,000 for futures, with profit shares up to 80%. The company offers daily payouts and supports multiple languages.

Conclusion

Audacity Capital has been around since 2012, serving traders in over 140 countries and handling serious volume. So, it’s a legit platform for those who want to make money with trading but don’t have the necessary cash. Their trading rules are flexible, and the 50-90% profit share is quite generous.

Plus, their educational resources and mentorship programs will help beginners get skilled quickly.

Sign up with Audacity Capital now!

So, if you think you have trader instincts, give it a try. Visit Audacity Capital’s website and sign up for the challenge.

Frequently Asked Questions

We answered these popular questions about Audacity Capital:

Is Audacity Capital legit or a scam?

Audacity Capital is a legitimate firm that has been in business for around a decade. In all these years, there have never been any accusations of fraud against them. Thousands of traders work with them and make a regular income. Learn more about this in the “Safety and Regulation” section.

Is Audacity Capital regulated?

Audacity Capital isn’t regulated and doesn’t work as a broker. Learn more about this in the “Safety and Regulation” section.

What is Audacity Capital?

It is a prop trading company that offers both beginners and experienced traders amazing opportunities to make a good living out of trading. Learn more about this in the “About Audacity Capital” section.

What broker does Audacity Capital use?

Audacity Capital does not use a retail broker. Instead, they utilize an institutional liquidity provider for trading. Learn more about this in the “Broker” section.

How many Audacity Capital accounts can I have?

A person can have only one account. Learn more about this in the “Challenge Trading Rules” section.

Where is Audacity Capital located?

Audacity Capital is headquartered in London. Learn more about this in the “About Audacity Capital” section.

Does Audacity Capital allow an expert advisor or copy trading?

Yes, Audacity Capital allows both expert advisors and copy trading, but with certain restrictions. Learn more about this in our “Expert Advisor” and “Copy Trading” section.

Is Audacity Capital legal in the US?

Yes, Audacity Capital is legal in the US. Existing users can still use the platform, but the prop firm has suspended new registrations. Learn more about this in the “Accepted Countries” section.

How long has Audacity Capital been around?

It was founded in 2012 and has served thousands of traders since then. Learn more about it in the “About Audacity Capital” section.

How much does Audacity Capital cost?

For the Ability Challenge, the cost ranges from $129 to $1,559. And for the Funded Trader Program, it’s $329 to $2,399. Learn more about this in the “Prices and Challenge Fees” section.

How often does Audacity Capital pay out?

Audacity Capital offers a payout once a month. Learn more about this in the “Payment Methods and Payout System” section.

Liam Matthews

Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.