Audacity Capital Review
Audacity Capital is an established prop trading firm and trading education provider. They offer top class trading courses and instant access to institutional funding for you to trade on accounts up to $500,000 and share 75% of the profits.
Audacity Capital are searching for smart, driven, and experienced traders that are prepared to advance their trading. In order to help aspiring traders create a brighter future, they provide the required funding and resources. All traders at the prop firm have an equal opportunity to trade from the comfort of their homes and quickly access account funding.
The Audacity Capital Funded Trader Program provides a fully-funded live trading account with a minimum deposit of $15,000 and a maximum of $500,000. With traders, they promote a relationship based on openness, decency, and fairness. As a result, they equally divide the profits and work with a liquidity provider who offers narrow spreads and no commission or swap fees in order to benefit traders with all types of trading strategies.
The programme offers a quick scaling strategy in which they double money each time a trader achieves the 10% goal. Additionally, they provide a 10% absolute drawdown that is not trailed from profits and exempts the trader from liability for any losses.
There is no need to waste time on a demo account if you are accepted into The Funded Trader Program. You begin trading in real time with the capital on day one and can get a 50/50 share of profits. If you are a successful trader, ambitious with a proven trading strategy who is looking to move to the next level, then the Funded Trader Program could be exactly what you’re looking for.
The funded trader program does not only support profitable forex traders. It also backs up talented individuals who have the know-how and believe their forex trading strategies are the best.
On the other hand, if you do not qualify for the instant funded account then there is no need to worry. They have some excellent trading courses to bring you up to speed and also the option to take the ability challenge which gives you a chance to prove that you have what it takes for a small one-off fee that is refundable if and when you pass.
Audacity Capital are searching for traders who have demonstrated profitability while managing risk in real-world situations. Here are some criteria they consider before allowing traders to sign up for the funded account programme.
- Can demonstrate at least 3 – 6 months trading a live account.
- Can demonstrate consistency when managing risk and profitability during this timeframe.
- Can demonstrate consistency by following a trading plan or strategy.
How does it work?
Application
By completing a short form, you can apply for the Funded Trader Program. In order for the Talent Acquisition team to get in touch with you, it’s crucial that you fill out the relevant contact information.
Interview
You will be contacted by a member of the Talent Acquisition team to arrange a phone or in-person interview. The staff will inquire about your trading background and approach to ensure you are suitable.
Results
The risk management team will determine whether you are a good match for the programme based on your interview. If your application is approved, you will get an email with a contract to sign and information on how to pay the fees.
Trading
After making your payment and signing the contract, you will receive an email with the login information for your trading account right away.
Funded Trader Program
For profitable traders with a winning approach, there is a programme called Funded Trader. Candidates must have at least three months of experience managing a live account and be prepared to manage live capital right away. Experienced traders can get the most out of this programme because they simply need to pass a quick interview with a member of the talent acquisition team.
- No demo/challenge required
- Get approved for live funding within 24 hours
- Funding starts from $15,000 live capital
- Account growth every 10% profit made
- Fast scaling plan up to $480,000
- Access to premium liquidity with zero commission and swap fees
- Flexible trading conditions – no time restrictions or deadlines
- Zero loss liability
Ability Challenge
All traders, regardless of their prior trading experience, are welcome to participate in the Ability Challenge for a refundable fee of £149. Any degree of trading experience is acceptable for traders to begin an Ability Challenge. The test consists of a two-step demo process where traders can show off their trading skills. Once finished, they are granted access to a live account of the size of their choice.
- 2-step evaluation designed to fairly test a trader’s ability
- Option to start with a larger initial capital (no account scaling)
- No monthly fees
- Generous monthly profit share 75 – 25
- Increased leverage 1:100 in the challenge phase
- Flexible trading conditions: traders can hold positions over the weekend, trade the news and no lot size limitations
- Refundable fee of £149 when traders complete all stages of the challenge
| Account size | Price |
|---|---|
| $15,000 | £149 |
| $30,000 | £269 |
| $60,000 | £369 |
| $120,000 | £629 |
Fees
Audacity Capital charge a £298 registration fee and a £99 monthly cost for the funded account and £149 for the ability challenge option. The funded trader fees are only intended to cover costs associated with data, technology, and administration; they are not intended to generate a profit for the prop firm. Because they want to have a long-term connection with traders, the costs are the same no matter how much money you manage.
Risk Parameters
You begin stage 1 with an initial capital of $20,000 Orders are limited to 0.5 lots, thus you can only have one open position at 0.5 lots or five open positions at 0.1 lots. When your account is doubled, they also double the risk allowance.
Drawdown
They give traders a 10% absolute drawdown that does not trail their profits. If the drawdown is reached, you won’t owe the prop firm any money because you are not responsible for any losses.
If you adhere to the risk guidelines, it is extremely improbable that you would experience the drawdown. However, if that occurs, you won’t be responsible for any losses and will instead be promptly dropped from the programme.
There may also be a potential for a second chance in specific circumstances, but the risk management team would need to assess your case and give you the go-ahead. If accepted, you would need to pay the £199 joining fee again to start over with a $15,000 account.
Weekend Trading
Positions on the weekends are subject to risk management approval. You must complete a form that is accessible from the Traders Dashboard to see if it is allowed.
News Trading
Positions must be closed on significant news occasions like the Nonfarm payroll (NFP), interest rate decisions, and speeches by the central bank. All traders receive news announcements through email in advance.
Expert Advisors
You are allowed to use expert advisors (EAs) for automated prop trading. Just make sure that your automated systems are not breaking any of the rules or using arbitrage strategies.
Scaling Plan
Audacity Capital have a very competitive scaling program which enables successful traders to get funded up to $480,000. You can pass each of the scaling stages by reaching the profit target whilst staying within the drawdown limits. Each stage gives you access to more capital and the option to trade with a larger position size.
Withdrawing Profits
Once you reach your 10% goal, you can request a withdrawal by filling out the form on the website, which is also accessible via the Traders Dashboard. Your payment will be made within 48 hours.
Stage 1: $15,000
Each Trader who is accepted into the programme begins with an initial capital of $15,000 in each trade. You can use a maximum lot size of 0.5 all cumulative at this time. To get your account doubled to $30,000, you must meet the 10% profit goal, bringing it to $16,500. Since the drawdown is 10%, the most you can lose from the initial balance is $1,500, which means your equity cannot drop below $13,500.
Stage 2: $30,000
You can use a maximum lot size of 1 all cumulative at this stage. To double your account to $60,000, you must meet the 10% profit requirement, bringing it to $33,000. Since the drawdown is 10%, the most you can lose from the initial balance is $3,000, which means your equity cannot drop below $27,000.
Stage 3: $60,000
You can use a maximum lot size of two all cumulative at this stage. To get your account doubled to $120,000, you must reach the 10% profit target, bringing it to $66,000. Since the drawdown is 10%, the most you can lose from the initial balance is $6,000, which means your equity cannot drop below $54,000.
Stage 4: $120,000
You can use a maximum lot size of 4 all cumulative at this stage. To get your account doubled to $240,000, you must reach the 10% profit target, bringing it to $124,000. Since the drawdown is 10%, the most you may lose from the initial balance is $12,000, which means your equity cannot drop below $108,000.
Stage 5: $240,000
You can use a maximum lot size of 8 all cumulative at this stage. To get your account doubled to $480,000, you must accomplish the 10% profit goal, bringing it to $264,000. Since the drawdown is 10%, the most you may lose from the initial balance is $24,000, which means your equity cannot go below $216,000 at any time.
Stage 6: $480,000
You can use a maximum lot size of 16 all cumulative at this point. The 10% profit objective must be met, bringing your account to $528,000 in total. The maximum loss from the initial amount due to the 10% drawdown is $48,000, thus your equity cannot go below $430,000.
| Account Stage | Account Size |
|---|---|
| First stage | $15,000 |
| Second stage | $30,000 |
| Third stage | $60,000 |
| Fourth stage | $120,000 |
| Fifth stage | $240,000 |
| Sixth stage | $480,000 |
Brokers
They don’t use a retail broker as such. Instead, Audacity Capital use an institutional liquidity provider that allows them to give traders access to a deep liquidity in the market with fast executions, tight spreads and no commissions or swaps on trades. The monthly subscription covers the benefit of not having to pay commissions or swaps.
Platforms
You can trade using the ever popular MetaTrader 4 (MT4) platform. This is one of the most popular forex trading platforms used by millions of forex traders around the globe. It is very user-friendly with an intuitive interface that can be fully customised according to your own preference.
The MT4 platform contains a plethora of built-in trading tools for conducting in-depth market analysis of all your favourite instruments across multiple chart timeframes. When you find trading signals, you can place and manage trades with relative ease. Not to mention, there are thousands of free and paid add-ons the enhance the overall functionality of the already excellent MT4 platform.
Instruments
Audacity Capital have a good selection of forex currency pairs that you can trade. You are allowed to trade major and cross currency pairs, but no commodities or indices at least in the early stages. Once you reach the Stage 4: $120,000 account, they can consider allowing commodities or indices to be traded on your account. If you are looking to trade financial instruments aside from forex from the get go, you might want to consider SurgeTrader as an alternative prop firm.
Trading Courses
One of the main things that sets Audacity Capital apart from the majority of prop trading firms are the extensive professional trading courses that they provide. There are a variety of excellent training courses to choose from, suitable for beginners and intermediate traders alike. For a fee, you can learn how to trade online and use the knowledge that you have gained to qualify for a funded account.
Introduction to Trading Course
There is an Introduction to Trading Course which costs £649. It includes the 2-day in house training (London) and the first month of weekly remote group sessions. To continue the weekly group sessions, it costs £69 per month and can be cancelled at any time.
This two-day introduction to financial trading course aims to teach participants everything they need to know about the industry. It covers a variety of subjects, including the fundamentals of trading psychology, technical analysis, risk management, and introductions to macro and microeconomics.
Participants will gain knowledge on how to utilise the MT4 trading platform, including how to place trades, use basic platform features, and install and use technical indicators. Your mentors will also show you how to combine charting software to spot market patterns and utilise effective trading methods to control risk.
You can take this course along with the 2-day Advanced Trading Program Course. They suggest taking a brief break between the two classes to ensure that you have thoroughly absorbed all of the introductory program’s topics in order to maximise learning. You will get a special discount if you sign up for both courses.
This two-day introduction event is held in London on Audacity Capital trading floor. Your own 4-screen station on the trading floor will be assigned to you for the duration of the programme, allowing you to get a first-hand look at what a real trading floor is like. With the provided platform and cutting-edge tools, you will study both the theoretical and practical aspects of trading and what it takes to be a trader in the financial markets.
The programme is designed for all sorts of learners to be able to get the most out of it. The two-day session will include a variety of:
- Seminar based sessions
- Practical learning on your own 4 screens set up
- Live market analysis and trading
- Reading and writing task-based sessions
The head of training and development will present the course material in seminar-style sessions. He has been trading in the financial markets for over 15 years, and he has a lengthy history of teaching others how to trade to share his strategies.
Throughout these sessions, you will also have the opportunity to directly apply the principles you are learning on a demo account while using your own 4-screen station setup. This will provide you the opportunity to understand and apply principles in real-world trading situations, which is crucial for your professional growth.
Advanced Trading Course
There is an Advanced Trading Course which costs £749. This includes the 2-day in house training and the first month of weekly remote group sessions. If you wish to continue with the highly recommended weekly group sessions, this costs £69 per month and can be cancelled at any time.
The Advanced Trading Program is a two-day training designed for traders who want to expand their skill set and understanding of trading and who are prepared to progress their trading to the next level.
The distinctive Fibonacci technique used by Audacity Capital will be taught to traders together with sophisticated risk management, psychology, and the development of key fundamentals. Additionally, trainees will take home the potent custom indication needed to access this unique method.
They encourage traders with a wider range of experience to the programme. You will be able to get the most out of your education in this programme as long as you have a foundational understanding of FX.
This course can be taken in addition to the two-day introduction to financial trading. They suggest taking a brief break between the two classes to ensure that you have thoroughly absorbed all of the introductory program’s topics in order to maximise learning. You will get a special discount if you sign up for both courses.
This two-day advanced trading course is held on the trading floor in London. Your own 4-screen configuration on the trading floor will be provided for the duration of the programme, allowing you to get a first-hand understanding of what it’s like to work in a real trading environment. You can further your growth in a professional setting while learning the program’s theoretical and practical components here.
The programme is structured to allow all types of learners to get the most out of it. The two-day session will include a variety of:
- Seminar based sessions
- Practical learning on your own 4-screen setup
- Live market analysis and trading
- Reading and writing task-based sessions
Along with these sessions, you’ll have time to practise what you’ve learned on your own 4-screen station setup, using a demo account to actively apply the concepts you’ve learned. This will provide you the opportunity to understand and apply principles in real-world trading situations, which is crucial for your professional growth.
Combined Course
You can combine the Introduction and Advanced Trading course for £999, which saves you £400 off the original cost of £1300. It includes the 4-day in house training and the first month of weekly remote group sessions. To continue in the weekly group sessions, it will cost £69 per month thereafter and is cancellable at any stage.
Weekly Group Sessions
As traders themselves, they are fully aware of how challenging it can be to trade alone. The purpose of the weekly group meetings is to continue to encourage you as you progress in your trading career. You will be able to connect with and learn from others who are on the same path as yourself during these live meetings with one of the knowledgeable mentors.
They will be focused on ensuring that you have comprehended and can apply the theory and practical that you learned over the two-day session. Your mentor will talk about these subjects and give examples of how they apply to the market today.
Hidden Talents Program
Through rigorous one-on-one training with a fully qualified trading mentor, the Hidden Talents Program is designed to help foster and guide trading-related curiosity. The curriculum depends more on a person’s innate intelligence and ambition to become a successful trader than it does on prior experience or academic credentials. The Hidden Talents Program is created to help identify, recruit, and develop the next generation of untapped talent who are ready to show off their aptitude for trading and investing in the financial markets.
Traditional topics including technical, fundamental, and intermarket analysis, trading psychology, and risk management are included in the program’s material. Because the programme naturally involves some initial training, it might not be the best choice for you if you’re seeking for a job right away.
Instead of following a standard wage-based paradigm of employment, becoming a financial trader and trading the financial markets is a competition and performance-based endeavour. A minimal training charge is included in the programme, which will pay for your course materials and a renowned Forex mentor’s private lessons. The Hidden Talents Program costs £3,000 which covers a 1-month training fee and secures your live account.
The training will cover the following topics:
- Overview of the financial markets
- FX market size and liquidity
- Speculation in the FX market
- Buying and selling currency pairs
- The FX market structure
- The FX market participants
- The FX broker types
- The mechanics of trading FX
- The different types of FX orders
- The ECN order-book mechanics
- Time related market events and news
- The two types of market analysis
- An introduction to charting
- Price action trading explained
- Fibonacci trading
- Traded volume & tick volume
- Trading psychology
- Money Management
Trading Psychology Program
You will work with Sanjeev, the trading psychology mentor, in the Audacity Capital trading psychology programme. Years have been spent by him studying the mentality of a trader and helping people develop emotional intelligence in their trading. He will teach you to base judgements more on reason than feelings. The course costs £349.00 whilst there is the option to pay in instalments.
This is a distinctive trading course that enables you to interactively plan your learning sessions around your everyday work/life agenda. In 14 modules of online videos that have been specifically created to be succinct, cutting out all the misinformation presented online and delivering the fundamental concepts you need to understand in order to master your mindset, you will cycle through the three main categories of trading psychology.
It takes time to be able to alter your patterns and beliefs. Since they are aware of this, they have designed the course to not only provide you with educational material but also the opportunity to interact live and in-person with Sanjeev in weekly sessions to discuss related subjects and set challenges that will help you become the successful trader you envision.
Sanjeev Sangar, the trading psychologist, will walk you through the following modules:
- Understanding the mind’s two modes of operation
- Unpacking cognitive biases
- Learning the importance of their beliefs, perspectives and focus
- Understanding your relationship with fear
- Learning to manipulate habits and patterns
- How to trade in the present moment
- Mastering the mind-body connection
The primary goal of the course is to lay the groundwork necessary for you to achieve equanimity by increasing your degree of awareness. This will alter how your body and mind respond to particular circumstances, enabling you to make wiser choices under pressure. A domino effect occurs as you improve each of these areas, which ultimately enhances your trading performance.
You will learn how to focus your awareness on the emotions that are the cause of all trading issues. Sanjeev will take you step-by-step through a conceptual framework to help you comprehend how patterns and habits are created. Understanding this principle will enable you to control your physical or mental behaviour patterns, which will train you to make the appropriate choice without hesitation. You’ll naturally start to think differently, learn to separate your emotions, and most importantly, learn to trust your process if you change your attitude to concentrate on carrying out your method.
They conclude by demonstrating how you can use this in live sessions to avoid making mistakes as they arise. Applying the concepts from this course will teach your mind to make the right choices automatically, thus making money can become a by-product of sticking to your approach.
You have the choice to work with Sanjeev one-on-one if it makes you feel more at ease and you’d want a more customised, private encounter.
Trader Talks Seminar
New and seasoned traders in and around London are invited to this conference to learn more about proprietary trading and how to get funded. The distinguished speakers will offer the following insights into the financial markets:
- Comprehensive understanding of key trading concepts such as market trends, terminologies, risk management and psychology
- Discover the educational training courses
- Find out more about the funding programs
- Network with London based Forex Traders
- Get a glimpse of the Audacity Capital trading floor in the City of London
Introduction to Trading Workshop
The target audience for this lecture are traders with little to no prior experience trading on the financial markets. You can learn about the trading dos and don’ts and how to utilise the MT4 trading platform with Audacity Capital during an hour and a half in-house session. You will spend some time using your own 4-screen station on the trading floor to put the trading principles into practise.
The distinguished mentors will discuss the following topics and offer insightful analysis of the financial markets:
- An introduction into how to use MT4 trading platform software
- An introduction to what trading is, how it can benefit you and the difference between different types of financial markets
- Attendees will receive an interactive trading floor experience, applying seminar learning on their own 4 screen station
- Get a glimpse of the Audacity Capital trading floor in the City of London
Advanced Trading Workshop
The target audience for this session is traders with at least a basic level of expertise trading on the financial markets. Join Audacity Capital for an in-house presentation that will last an hour and a half as they introduce you to some of the institutional trading tools that some of the top traders employ. You will spend some time using your own 4-screen station on the trading floor to put the trading principles into practise.
The distinguished mentors will discuss the following topics and offer insightful analysis of the financial markets:
- Insight into how to use institutional trading tools and techniques used by some of the top traders
- Attendees will receive an interactive trading floor experience, applying seminar learning on their own 4 screen station
- How to use these tools within MT4 trading platform
- Get a glimpse of the Audacity Capital trading floor in the City of London
Funding Webinar
This webinar is designed for traders who want to maximise their trading results from the financial markets and who need simple access to live capital. They will go over all the specifics of the various funding programmes and how you may begin managing their capital as soon as 24 hours after submitting your application.
The following topics will be covered by the eminent speakers as they offer insightful commentary on the proprietary trading industry:
- Insight into how you can access live capital through the different funding programs
- Information on how long it takes to become a Funded Trader with Audacity Capital
- Insight into how proprietary trading firms operate and fund traders
- Rules information and how they benefit traders
- Get a glimpse of the Audacity Capital trading floor in the City of London
Guides
One of the other things that sets them apart from other prop firms is that they have a vast collection of handy trading guides that you can access completely free of charge. They cover everything from the basics of forex trading, strategies, tools and more.
Community
To connect like-minded professionals, Audacity Capital created a community app that can be downloaded from the Google Play or Apple Store. This implies that you can interact and gain from market research and fresh approaches. The app is also used for event and promotion announcements.
| Maximum capital | $500,000 |
| Profit split | 75% |
| Scaling | Yes |
| News trading | No |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:5 |
Overall, Audacity Capital are one of the best prop trading firms for many reasons that have been outlined in this review. They have the option to take a trading challenge for a small fee or get instant access to a funded account if you are already a successful trader. There are some excellent trading courses that you can take for a competitive fee, which can help you to prepare for trading on a funded account.
It is great how they combine a prop firm with an education provider, as they both go hand in hand. This makes them a top choice for anyone who is looking to start trading or take their trading to the next level. They could improve by adding the MetaTrader 5 platform and making other financial assets other than forex available to trade from the start.
