Audacity Capital vs FTMO 2024: Which prop firm is the best?

Factor 1: Evaluation Process and Funding Criteria

Audacity Capital

Audacity Capital has truly positioned itself as a promising platform for profitable traders, evident in their Funded Trader Program. This program caters to traders who have demonstrated a profitable strategy and have at least 3 months of experience managing a live account. Interestingly, applicants are expected to manage live capital right from the first day, offering an immediate real-world trading experience. The key entry requirement is a short interview with a representative from the talent acquisition team.

Furthermore, Audacity Capital has an inclusive program named the Ability Challenge. It’s tailored to accommodate traders from various backgrounds and experience levels. This challenge is a two-step demo process, allowing traders to display their skillset. Upon successfully completing the challenge, traders can gain access to a live account of a pre-chosen size.

Audacity Capital indeed seems to be an enticing option for both experienced and budding traders. It provides the right combination of challenge, flexibility, and potential growth, making it a worthwhile consideration for individuals seeking to elevate their trading career.

FTMO

FTMO’s evaluation process, often referred to as the Challenge, is more stringent and structured. It sets specific profit targets and maximum loss limits that traders must adhere to if they want to become funded traders. This ensures traders adopt disciplined trading styles, promoting consistent and sustainable profitability.

This structured approach is especially useful for traders who require some form of guidance and prefer clear goals and boundaries. Despite the challenge, FTMO offers a path to substantial trading capital, making it an attractive option for disciplined traders who are confident in their skills.

Factor 2: Profit Split and Growth Opportunities

Audacity Capital

Audacity Capital creates a distinctive edge in the trading market through its unique profit sharing scheme and growth opportunities. Their programs, including the Funded Trader Program and the Ability Challenge, both offer generous profit splits and avenues for significant account growth.

In the Funded Trader Program, traders start with $15,000 live capital, but this isn’t a fixed limit. There’s a growth opportunity embedded in the program: every 10% profit made leads to a proportional increase in the trading account, potentially scaling up to a substantial $480,000. This arrangement not only motivates traders to strive for consistent profits but also allows them to directly reap the benefits of their successful strategies.

Meanwhile, the Ability Challenge offers a highly competitive profit share of 75-25. In this scheme, traders retain 75% of the profits made, which is a sizeable portion and an attractive incentive for traders to maximize their performance.

Moreover, the Ability Challenge provides an additional growth opportunity by allowing traders to start with a larger initial capital. By choosing their starting account size, traders can manage more significant funds from the beginning, creating a pathway for more considerable profits. Plus, on completing the challenge, the program fee is refunded, making it a win-win situation for traders who successfully navigate the challenge.

Lastly, both programs come with the exciting possibility of increased leverage, adding to the potential profitability for traders. The Ability Challenge, for instance, offers an increased leverage of 1:100 during the challenge phase, providing traders with the means to maximize their trading opportunities.

FTMO

FTMO presents a different approach. The firm starts with an 80:20 payout ratio, which can be increased to an impressive 90:10 if the conditions of their Scaling Plan are met. This plan not only increases the balance of your FTMO Account by 25% but also improves your payout ratio, offering substantial growth potential.

Capital increments take place in four-month cycles, provided the trader generates at least 10% of net profit (20% for Aggressive account type) in four consecutive monthly cycles. Moreover, the trader must process at least two payouts within the four months period.

With continuous increments and static trading objectives, FTMO presents significant growth opportunities, capping at $2M per trader for Standard accounts and $1M for Aggressive accounts.

Factor 3: Education and Support Resources

Audacity Capital

Audacity Capital places a high emphasis on educating and supporting its traders. They offer a range of educational resources tailored to individual needs, ensuring traders have access to the information they need to succeed.

Training programs are designed to help traders understand the dynamics of the financial markets, develop effective trading strategies, and manage risk. Furthermore, a dedicated support team is available to answer any trader queries, ensuring traders always feel supported.

FTMO

FTMO also offers a wealth of educational and support resources. Their extensive blog covers a broad range of trading topics, providing traders with a wealth of knowledge and insight. Topics include technical analysis, risk management, and trading psychology, to name a few.

In addition to their blog, FTMO also provides an online community where traders can share knowledge, strategies, and experiences. This forum fosters a collaborative environment where traders can learn from each other and improve their skills. Trader psychology resources are also available to help traders manage their emotions and make better trading decisions.

Audacity Capital vs FTMO: The Bottom Line

Audacity Capital and FTMO are both groundbreaking platforms providing funded trader programs that are reshaping the trading landscape. The choice between the two will largely depend on your individual trading style, profit objectives, and requirements.

Audacity Capital sets itself apart with its unique scaling system, enabling traders to exponentially grow their capital up to $480,000 by achieving consistent 10% profit targets. The platform also fosters a strong sense of partnership, sharing both the profits and some operational expenses with the traders. This makes Audacity Capital a strong contender for those who have confidence in their trading strategies and are looking for a robust profit and growth potential.

If the features of Audacity Capital like a straightforward profit split, growth opportunities up to $480,000, and a shared operational cost model align with your trading goals, you can learn more about it by clicking here.
Learn More About Audacity Capital
On the other hand, FTMO is recognized for its flexible payout system, lucrative scaling plan, and an increase in the profit split ratio up to 90:10. It also provides a detailed risk management plan, ensuring that traders are not overexposed to market risks. FTMO could be an ideal choice for those who value a flexible payout schedule and have a long-term view of their trading career with the opportunity to manage up to $2M in funds.

If the features of FTMO like the generous profit split, extensive scaling plan, and the ability to manage risk appeal to you, click here.
Learn More About FTMO

When comparing pricing, both platforms have different fee structures associated with their services. Audacity Capital has a static monthly platform fee that remains the same even as your account size grows, while FTMO charges a refundable fee that varies based on the initial account size.

Both platforms provide valuable growth opportunities and support to traders. It is recommended to take a closer look at what each platform offers and see which one aligns best with your trading style and objectives. Ultimately, your personal preference, trading style, and specific needs will dictate the right choice for you.