AudaCity Capital Review 2024
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UPDATE: We no longer recommend Audacity Capital
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In a nutshell: AudaCity Capital is a proprietary firm (or prop firm) that specializes in forex trading. This means that it offers skilled traders the opportunity to trade forex with a funded account and share the profits.
AudaCity Capital has quickly earned a strong track record among prop firms with a 4.7/5 rating on Trustpilot. But is it the best prop firm for your trading needs and goals?
Keep reading for our comprehensive AudaCity Capital review to see if it might be the right prop firm for you.
| Pricing & Programs Funded Trader Program | $298 joining fee and $99 monthly fee Ability Challenge | $129 refundable fee |
- No minimum trading days or deadlines
- No liability for losses within 10% drawdown
- Educational resources available
- Sleek site
- 50/50 profit split trails competitors
Table of Contents
AudaCity Capital Overview
| Initial Capital | $15000 – $480,000 |
| Price Range | £199, £99 monthly fee |
| Profit Split | 50% |
| Daily Loss | 5% – 7% |
| Max Drawdown | 10% |
| Profit Target | 10% |
| Tradable Products | Forex, Indices, Commodities |
AudaCity Capital Review 2023 | Is Audacity Capital Right for Me?
AudaCity Capital was founded in 2012 and since then it has grown into a popular forex prop firm. This means it specializes in providing funded accounts to traders who are skilled at making profits trading forex (or “fx,” as it’s often written).
Overall, AudaCity Capital is worth looking into for people interested in trading forex with a funded account. They have two ways to get funded, a variety of educational resources, and integration with MetaTrader 4 for seamless trading with tight spreads.
To understand if a prop firm is right for you, it’s important to know exactly how it works, what its top features are, and how competitive its pricing is. Luckily for you, this AudaCity Capital review will cover all those aspects and more. So, keep reading to learn more!
External AudaCity Capital Reviews & Ratings
| Site | Rating | |
| Trustpilot | 4.7 from 1,052 reviews | |
| Forex Broker Report | 4.1 | |
| Forex Prop Reviews | 4 |
Here are some reviews from traders who have experienced the platform firsthand:
I’ve had some ups and downs along the way, but I’ve always been able to bounce back. I’ve learned a lot from my experiences, and I’m a better trader because of them.
I’m very happy with my experience at Audacity Capital. They are a reputable prop firm with a good track record. They offer competitive terms and conditions, and they have a supportive team.”
Their drawdown pattern is set in such a way that we never fail… thank you Audacity.”
How Does AudaCity Capital Work?
AudaCity Capital works like just about every prop firm out there. That is, traders must first demonstrate their ability to successfully trade before obtaining a fully funded account.
There are two programs offered by AudaCity Capital. Here’s a quick breakdown.
The Ability Challenge
Like the name implies, this challenge is all about using your profit-making ability to earn your funded account. After a $129 fee, refundable upon successful completion, you can start the first of three phases: Challenge, Verification, and Live Account.
The first period is 30 days and the second is 60 days, with a maximum daily drawdown of 7.5% and 5.5%, respectively, and a maximum absolute drawdown of 15% and 10%, respectively.
The profit target is 10% for both phases. The profit share with the live account is 75/25, which beats the 50/50 split offered by the Funded Trader Program.
The Funded Trader Program
The Funded Trader program, in contrast to the Ability Challenge, doesn’t require any demo or challenge. Instead, you can get approved for live funding within 24 hours, and funding starts at $15,000 live capital.
There’s a fast scaling plan that allows account doubling at every 10% profit made. This allows traders to quickly grow their funded account (and thus their profits). This program will be better suited to accomplished traders who are confident in their ability to successfully trade, as well as those who appreciate flexibility as there are no time restrictions or deadlines.
The drawback with this program is a joining fee, monthly fee, and a mere 50/50 profit split, which pales in comparison to the more standard 75-90% profit split that traders can expect with most prop firms.
AudaCity Capital Features
To get a better idea of how AudaCity Capital stands out from competitors, here’s a quick look at some of its top features:
- Flexibility – While some prop firms only have one program or challenge, AudaCity Capital offers both a challenge (Ability Challenge) and a direct funding program (Funded Trader Program). This means that traders can pick whichever option works best for them.
- Fast scaling possible – Successful traders who keep hitting their 10% profit target can keep doubling their account up to $500,000.
- MetaTrader 4 integration – Integration with leading day trading broker MetaTrader 4 means lightning-fast trades and tight spreads, which are essential for forex traders. Any commissions are covered by AudaCity Capital’s monthly fee.
- A strong track record – With nearly 1,000 reviews on Trustpilot and a 4.7/5 (“Excellent”) rating, you can rest assured that AudaCity Capital is a trustworthy and reliable forex prop firm.
AudaCity Capital Pricing & Plans
AudaCity Capital is a prop firm, which means they make their money through fees and taking a share of profits. Here’s a breakdown of some key numbers with their two account types:
The Ability Challenge
- Profit split: 75/25
- Profit target: 10%
- Maximum drawdown: 10%
- Maximum daily drawdown: 5-7.5%
- Refundable Fee: $129
Funded Trader Program
- Profit split: 50/50
- Profit target: 10%
- Maximum drawdown: 10%
- Monthly Fee: $99
- Joining Fee: $299
Is AudaCity Capital Worth It?
AudaCity Capital may be well worth considering for forex traders interested in joining a prop firm. It has two options for getting a funded account, reasonable rules and fees, and a reputable track record. The only real drawdown is the 50/50 profit split with the Funded Trader program, as many competitors beat this by a hefty margin.
In any case, to check out AudaCity Capital for yourself, click here and see firsthand if it might be the right forex prop firm for you.
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