Audacity Capital was founded in London in 2012 by Karim Yousfi. It funds traders in forex, metals, and indices, offering two account types: the Funded Trader Program for immediate live trading and the Ability Challenge, a two-phase evaluation leading to a live account.
Trading Funder notes that Audacity Capital holds a Trustpilot rating of 4.7 out of 5 from nearly 1,900 reviews. Positive feedback emphasizes quick and reliable payouts, responsive customer support, and transparent trading conditions, with users especially valuing the structured drawdown limits and funded scaling options. On the downside, some reviews report occasional technical issues with account dashboards and complaints about stringent enforcement of rules like the daily drawdown limits, which can sometimes result in abrupt account closures.
Key advantages of Audacity Capital include flexible account options, such as the Funded Trader Program and the Ability Challenge, which cater to traders with different experience levels. Fast account scaling, reliable liquidity from institutional providers, and no minimum trading days offer a high degree of flexibility, while the firm’s 10% absolute drawdown rule helps limit traders’ exposure to losses. However, some traders find the 50% profit split on the Funded Trader Program less competitive, and fees can add up with a £99 monthly charge alongside the initial sign-up cost. Additionally, trading is limited to Forex until larger account tiers, and strict rules like prohibiting news trading can be restrictive for some strategies.
Audacity Capital offers two main account types: the Funded Trader Program and the Ability Challenge. The Funded Trader Program begins with live accounts at $15,000 and scales up to $480,000 as traders hit their 10% profit target. The Ability Challenge is a two-step evaluation with refundable fees, ranging from £149 to £629. Fees for the Funded Trader Program include an initial £199 sign-up and a recurring £99 monthly fee.
All trading is done through MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on desktop, mobile, and web.
Audacity Capital sets a daily loss limit of 7.5% in the Ability Challenge, dropping to 5% in later stages, with a maximum drawdown of 15% in the Challenge and 10% in live accounts. Leverage is 1:100 in the Ability Challenge and 1:30 in the Funded Trader Program. News trading is restricted, hedging is allowed only for risk management, and EAs are permitted with some restrictions on high-risk strategies. The scaling plan doubles accounts upon reaching profit targets.
In this article, Trading Funder offers an in-depth review of Audacity Capital, covering its main features, account options, and trading guidelines to help guide your experience with this prop trading firm.
What is Audacity Capital?
Audacity Capital is a proprietary trading firm based in London, founded in 2012 by Karim Yousfi. The firm funds traders who demonstrate skill, especially in Forex, as well as in commodities and indices. Audacity Capital offers two primary paths for funded accounts: the Funded Trader Program, which provides immediate live capital, and the Ability Challenge, a two-phase evaluation for traders to prove their consistency and profitability.
In essence, a forex prop trading firm like Audacity Capital provides capital to skilled traders, allowing them to trade larger accounts and keep a percentage of profits. This setup enables traders to leverage the firm’s resources while adhering to specific trading guidelines, such as drawdown limits and leverage restrictions, to manage risk effectively.
who is Audacity Capital‘s founder?
Audacity Capital’s founder, Karim Yousfi, is an experienced trader and analyst with a background in managing substantial funds across banks and hedge funds in Europe and the Middle East. Known for his expertise in FX markets, oil, macroeconomics, and central banking policies, Yousfi started Audacity Capital in London in 2012. His experience includes trading a diverse range of instruments, from equities and options to foreign exchange and stock index futures. Yousfi also created the Hidden Talents Program, a training initiative designed to mentor emerging traders.
What makes Audacity Capital Legit?
Audacity Capital is regarded as a legitimate prop firm with a Trustpilot rating of 4.7 from around 1,888 reviews. Positive feedback highlights their reliable payouts, accessible support, and fair trading conditions, with traders appreciating features like quick account scaling and no hidden fees. However, some reviews criticize customer service delays and occasional issues with the platform dashboard, particularly during high-demand times.
Does Makes Audacity Capital send payouts to its traders?
Audacity Capital sends payouts to its traders after they meet specific profit targets. For the Funded Trader Program, payouts are available once a trader reaches a 10% profit target, with profit shares of 50% if this target is hit in over 30 days, or 60% if achieved in less than 30 days. In the Ability Challenge, traders can request their first payout 30 days into the live account phase, starting with a 75% profit share, which can increase to 85% upon continued success. Payouts are processed via bank transfer, PayPal, or cryptocurrency.
Does Audacity Capital have good User Reviews and Testimonials?
Audacity Capital has a solid Trustpilot rating of 4.7 out of 5 from over 1,888 reviews. Positive feedback frequently mentions quick payouts, effective customer support, and clear trading rules that make it straightforward for traders to understand and follow guidelines. Many traders commend the firm for its transparent payout process and supportive environment. Negative reviews, although few, highlight occasional issues with dashboard data accuracy and some delays in support response. Audacity Capital actively addresses concerns in these reviews, emphasizing their commitment to fair and prompt service.
Does Audacity Capital have good Customer Support?
Audacity Capital’s customer support receives mostly positive feedback from its Trustpilot reviews, where it holds a 4.7 rating from about 1,888 reviewers. Many users commend the support team for quick responses, clear guidance, and problem-solving, especially around account setup and withdrawals. Some traders also appreciate the live support line, noting consistent availability even during busy periods. However, a few negative reviews mention delays in support response times during peak hours and occasional miscommunication on account metrics, which led to minor frustrations for some traders.
What are Audacity Capital‘s advantages?
Here are the key advantages of Audacity Capital:
- Quick Funding Approval: Traders can access live accounts without a demo phase in the Funded Trader Program, enabling faster earnings.
- Flexible Payouts: The Ability Challenge offers up to 85% profit sharing, while the Funded Trader Program starts at 50%, scaling up with account growth.
- Clear Scaling Plan: Traders’ accounts double with every 10% profit target reached, offering significant growth potential.
- No Hidden Fees: Transparent fee structures and no commissions or swap fees on trades.
- Supportive Customer Service: Known for responsive support, especially regarding account setup and payouts.
- High Trustpilot Score: A 4.7 rating from over 1,800 reviews underlines positive user experiences and reliability.
- Multiple Platforms and Instruments: Offers MT4 and MT5, with access to Forex, indices, and commodities.
- Educational Opportunities: Programs like the Hidden Talents initiative provide training and mentorship for less experienced traders.
These features make Audacity Capital an accessible choice for traders looking to manage large capital with clear growth paths and supportive structures.
What are Audacity Capital‘s disadvantages?
Here are the main disadvantages of Audacity Capital:
- 50/50 Profit Split: The standard profit-sharing structure, particularly in the Funded Trader Program, starts at 50/50, which some traders consider less competitive compared to other firms offering higher splits.
- Monthly Platform Fees: There’s a recurring £99 monthly fee, along with the initial registration cost, which remains even if traders are not withdrawing profits.
- Limited Assets Initially: Beginners can only trade Forex pairs initially; commodities and indices become accessible only after reaching certain account stages, like $120,000.
- No Demo Accounts: There’s no demo account option, which means traders can’t practice without risk before going live, limiting options for new traders.
- Strict Trading Rules: Trading restrictions include no weekend holds, limited leverage, and bans on trading during major news events, which some traders may find restrictive.
- Selective Application Process: Audacity Capital’s strict interview process may exclude many traders, making it less accessible to those without verifiable live trading experience.
These aspects can make Audacity Capital challenging for traders seeking more flexibility or those looking for higher profit splits and lower ongoing costs.
What is Audacity Capital‘s Pricing?
The table outlines the one-time setup fees for each account size available in Audacity Capital’s Funded Trader Program and Ability Challenge, providing traders with various funding options based on their experience and capital needs.
| Account Type | Account Size | Fees |
|---|---|---|
| Funded Trader Program | $7,500 | $329 one-time |
| Funded Trader Program | $15,000 | $649 one-time |
| Funded Trader Program | $60,000 | $2,399 one-time |
| Ability Challenge | $10,000 | $129 one-time |
| Ability Challenge | $15,000 | $189 one-time |
| Ability Challenge | $30,000 | $339 one-time |
| Ability Challenge | $60,000 | $459 one-time |
| Ability Challenge | $120,000 | $779 one-time |
| Ability Challenge | $240,000 | $1,559 one-time |
The Funded Trader Program offers three account sizes with a single setup fee. If the trader passes the challenge, the Ability Challenge provides multiple account options with a one-time refundable fee.
Does Audacity Capital offer price discounts?
Yes, Audacity Capital grants discounts on its prices from time to tim, ranging from 5% to 30%. To receive these discounts, traders should use this Audacity Capital discount link. This link code offers at least 5% sale, but it also automatically reflects the most recent discount available upon use. Audacity Capital applied the discount instantly upon purchasing the evaluation.
Does Audacity Capital allow multiple accounts?
Audacity Capital allows traders to hold multiple accounts in the Ability Challenge, with a combined maximum value of $240,000. For instance, traders may choose 2 accounts of $120,000 each or 4 accounts of $60,000. For the Funded Trader Program, traders may also hold additional accounts, provided the total combined size does not exceed $240,000 across all accounts.
Does Audacity Capital offer Free Trial?
Yes, Audacity Capital offers a free trial account to let traders try out their platform with a virtual balance. The trial includes options for account sizes from $10,000 up to $240,000. To get started, just complete the application form on their website. Once approved, the trial runs for a limited period, giving traders a taste of the trading environment and available tools before committing to a funded account.
Does Audacity Capital offer a swing trading account?
Audacity Capital does not specifically offer a dedicated “swing trading account,” but their programs do provide flexibility that suits swing trading strategies. While the Funded Trader Program typically restricts weekend positions and trades during major news events, traders can still hold positions for longer periods within weekday sessions, which works for swing trading approaches that don’t require weekend holds.
How does Audacity Capital work?
Audacity Capital’s process is simple and structured for traders. Here’s a breakdown:
- Go to the Website: Choose either the Funded Trader Program or the Ability Challenge.
- Pick a Program and Apply:
- Ability Challenge: Pay the entry fee to start a two-step demo test.
- Funded Trader Program: Complete an interview to qualify, then start trading live if approved.
- Meet the Requirements:
- Ability Challenge: Hit profit targets in both test stages to get a live account.
- Funded Trader Program: Start live trading right away, aiming for the profit target.
- Grow the Account: Reach profit goals to double your account, with scaling up to $2 million possible.
- Get Paid: Withdraw profits monthly or whenever you reach the target. Profit splits can go up to 85%.
- Follow the Rules: Stick to drawdown and other trading rules to keep the account active.
This setup lets traders access funding, grow accounts, and regularly withdraw profits.
What are Audacity Capital‘s Rules and Objectives?
Here are Audacity Capital’s key rules and objectives for funded traders:
- Trading Style Restrictions: High-frequency trading, arbitrage, and martingale strategies are prohibited to maintain market stability and avoid excessive risk.
- Daily Loss Limit: The daily drawdown is capped at 5% to prevent excessive losses on any given day.
- Maximum Drawdown: A maximum drawdown of 10% is enforced across all accounts, ensuring traders’ equity doesn’t fall below 90% of their initial balance.
- Leverage Limit: Leverage is set at 1:30 in the Funded Trader Program and 1:100 in the Ability Challenge, supporting controlled risk management.
- Consistency Rule: Traders must show consistency in trade size and duration, and 3 out of 5 trading days need to be profitable for withdrawals.
- Holding Over Weekends: Holding positions over the weekend is permitted, giving traders flexibility for longer-term trades.
- Holding Over Major News Events: Trading is restricted during major news events like Non-Farm Payroll or central bank speeches to manage risk during high volatility periods.
- Hedging: Hedging is allowed, but it shouldn’t be the main trading style.
- Scaling Plan: Accounts can be scaled up as traders hit profit targets, doubling account size upon reaching each 10% profit goal.
- Use of Expert Advisors (EAs): EAs are allowed, except for those using high-frequency trading, arbitrage, or other high-risk strategies.
The table below captures the key rules and objectives for Audacity Capital’s two main funding plans: the Funded Trader Program and the Ability Challenge. Each rule is summarized to show limits, permissions, and restrictions where they apply to trading practices in each program.
| Rule | Funded Trader Program | Ability Challenge |
|---|---|---|
| Daily Loss Limit | 5% | 7.5% (Phase 1), 5% (Phase 2) |
| Maximum Drawdown | 10% | 15% (Phase 1), 10% (Phase 2) |
| Leverage Limit | 1:30 | 1:100 |
| Consistency Rule | Profitable 3 out of 5 trading days for withdrawals | Consistent trade size and duration required |
| Holding Over Weekends | Allowed | Allowed |
| Holding Over News Events | Restricted during major news events | Restricted during major news events |
| Hedging | Allowed, not as main strategy | Allowed |
| Scaling Plan | Doubles with every 10% profit target reached | Yes, account grows based on performance |
| Use of Expert Advisors | Allowed, excluding high-frequency and arbitrage EAs | Allowed, excluding high-frequency and risky EAs |
| Trading Style Restrictions | High-frequency, arbitrage, and martingale prohibited | High-frequency, arbitrage, and martingale prohibited |
| Copy Trading | Not specified | Not specified |
This table outlines the trading environment in each plan, detailing how traders can operate within the rules for maximum account growth and risk managementt.
How does Audacity Capital‘s Drawdown work?
Audacity Capital’s drawdown rules are key to managing risk:
- Daily Drawdown: The daily drawdown limit is calculated as a percentage of the day’s starting balance or equity, whichever is higher, resetting daily at 12 AM GMT+3. For example, in the Funded Trader Program, this limit is set at 5%. If a trader’s balance starts at $15,000, their maximum daily drawdown is $750. If the account drops to $14,250 during the day, the daily limit is breached, and the account is closed for that violation.
- Maximum Drawdown: The overall drawdown limit ensures the account doesn’t lose more than 10% of its initial balance. In a $15,000 account, this means equity should not fall below $13,500 at any point, even across multiple days. If this threshold is crossed, the account is terminated.
How does Audacity Capital‘s consistency rule work?
Audacity Capital’s consistency rule ensures traders stick to a stable approach in trade size and duration. For the Funded Trader Program, traders must show consistency by keeping similar lot sizes and trade lengths across at least five trading days. To meet withdrawal requirements, three of those days need to be profitable. For example, if a trader opens a large trade of 15 lots one day and then switches to multiple trades of 0.1 lot on other days, this inconsistency could prevent them from meeting the rule. The risk team may also review accounts that fall short and decide if more trading days are needed.
How does Audacity Capital‘s scaling plan work?
Audacity Capital’s scaling plan allows traders to double their account size each time they reach a 10% profit target. For example, a trader starting with a $15,000 account needs to grow it by 10% to $16,500. Once they achieve this target, their account is scaled up to $30,000. This doubling process continues as they meet each 10% profit goal, with potential scaling up to $2 million. This structured scaling approach helps traders gradually increase their capital while demonstrating consistent profitability.
What is Audacity Capital‘s leverage?
Audacity Capital offers different leverage limits depending on the program. For the Funded Trader Program, leverage is set at 1:30, which is considered a conservative ratio to manage risk. In the Ability Challenge, leverage is higher at 1:100, providing traders more flexibility during the evaluation phase. For example, if a trader has a $10,000 account in the Ability Challenge, they can trade positions up to $1,000,000 in value, maximizing trade opportunities within set risk guidelines.
Which trading platforms does Audacity Capital use?
Audacity Capital uses MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for its trading programs. MT4 and MT5 can be downloaded directly from Audacity Capital’s website, providing traders with a stable and familiar environment for executing trades
What brokers does Audacity Capital use?
Audacity Capital doesn’t use external brokers. Instead, they handle trades in-house with access to deep liquidity on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), so traders don’t need a separate broker account.
Does Audacity Capital allow trade copiers?
Audacity Capital does not allow trade copiers in its programs. This policy is in place to ensure that each trader’s performance reflects their own trading skills and strategy, without external automation or copying software.
Conclusion about Audacity Capital
Audacity Capital has earned a strong rating of 4.7 out of 5, which the Trading Funder team attributes to consistent user feedback praising the firm’s reliable payout system and responsive customer support. One of the main advantages highlighted by traders is Audacity Capital’s no-commission, no-swap structure, a feature that can significantly lower trading expenses. However, Trading Funder’s analysis also points out a potential drawback: the firm’s fees are on the higher side compared to other prop firms, which may not align with every trader’s budget. Overall, we find that Audacity Capital offers a reputable platform, particularly appealing for forex-focused traders who are prepared to meet its specific risk and consistency requirements.
