FXCI
Use promo code "FUNDEDTRADING" and get 15% discount. Challenge cost $42, funding amount $5K!
AudaСity Capital: Plus and cons of prestigious Prop Trading Firm
Start your experience in a prestigious Prop Trading Company known all over the world. Since its inception in 2012, the firm has extended its support to traders across more than 140 countries, providing them with the necessary resources and funding to succeed in the competitive Forex market.
Updated 27-07-2024
Pros of AudaСity Capital
- Generous Funding Options: Traders can access up to $2,000,000, allowing for substantial trading opportunities.
- High Profit Sharing: Earn up to 85% profit share, ensuring financial satisfaction and mutual success.
- Flexible Trading Conditions: Trade from anywhere in the world without time restrictions, benefiting from tight spreads and no fees on commissions or swaps.
- No Liability for Losses: Traders are protected with a 10% absolute drawdown limit, ensuring they are not responsible for losses beyond this threshold.
- Diverse Funding Programs: Four unique funding programs cater to different trader needs, including instant funding and assessment-based options.
- Professional Support: Access to a dedicated support team and comprehensive trading resources through the Trader Dashboard.
- Excellent Reputation: High Trustpilot rating of 4.5/5, reflecting customer satisfaction and trust.
- No Maximum Trading Period: Allows traders to operate without the pressure of deadlines.
- Overnight & Weekend Holding Allowed: Provides flexibility to maintain positions beyond traditional trading hours.
- News Trading Allowed: Permits trading during news events, offering opportunities to capitalise on market volatility.
Cons of AudaСity Capital
- Minimum Trading Day Requirements: The Ability Challenge and Funded Trader Program require a minimum of 4 and 5 trading days, respectively.
- Maximum Daily Equity-Based Drawdown: Traders must adhere to a daily drawdown limit, which can restrict trading strategies.
- Withdrawal Target: The Funded Trader Program has a 10% withdrawal target, potentially delaying profit realisation.
Pros of AudaСity Capital
- Generous Funding Options: Traders can access up to $2,000,000, allowing for substantial trading opportunities.
- High Profit Sharing: Earn up to 85% profit share, ensuring financial satisfaction and mutual success.
- Flexible Trading Conditions: Trade from anywhere in the world without time restrictions, benefiting from tight spreads and no fees on commissions or swaps.
- No Liability for Losses: Traders are protected with a 10% absolute drawdown limit, ensuring they are not responsible for losses beyond this threshold.
- Diverse Funding Programs: Four unique funding programs cater to different trader needs, including instant funding and assessment-based options.
- Professional Support: Access to a dedicated support team and comprehensive trading resources through the Trader Dashboard.
- Excellent Reputation: High Trustpilot rating of 4.5/5, reflecting customer satisfaction and trust.
- No Maximum Trading Period: Allows traders to operate without the pressure of deadlines.
- Overnight & Weekend Holding Allowed: Provides flexibility to maintain positions beyond traditional trading hours.
- News Trading Allowed: Permits trading during news events, offering opportunities to capitalise on market volatility.
Cons of AudaСity Capital
- Minimum Trading Day Requirements: The Ability Challenge and Funded Trader Program require a minimum of 4 and 5 trading days, respectively.
- Maximum Daily Equity-Based Drawdown: Traders must adhere to a daily drawdown limit, which can restrict trading strategies.
- Withdrawal Target: The Funded Trader Program has a 10% withdrawal target, potentially delaying profit realisation.
About AudaСity Capital
AudaСity Capital, established in 2012 and headquartered in London, UK, operates under the legal name AudaСity Global Limited. Managed by CEO Karim Yousfi, the firm has established itself as a leader in the prop trading industry. AudaСity Capital offers traders the opportunity to select from four distinct account types, including instant funding and two unique assessment management programs. Partnered with a tier-1 liquidity provider, the firm ensures top-tier trading conditions.
Key Features
Ability Challenge:A two-step demo process open to traders of all experience levels, culminating in a live account with chosen capital size.
Live/Demo Accounts:Options for both live and demo trading accounts, allowing traders to choose their preferred path.
Fast Scaling Plan:Rapidly increase account size by doubling it upon reaching a 10% target.
Comprehensive Evaluation:A fair and thorough evaluation process, including an interview for certain programs.
Media Recognition:Featured in reputable media outlets such as the Daily Mail and The Europe Financial Review.
Awards:Recipient of the International Investor Award in 2020.
Innovative Trading Dashboard:Provides access to various trading tools, resources, and support, enhancing the trading experience.
Wide Range of Instruments:Trade Forex pairs, commodities, and indices, offering diverse trading opportunities.
How it works?
AudaСity Capital offers traders two conventional funding programs:
- Ability Challenge
- Funded Trader Program
Ability Challenge
The Ability Challenge at AudaСity Capital is open to traders from all backgrounds, regardless of their experience in the financial markets. This challenge involves a two-step demo process where traders can showcase their skills. Upon successful completion, traders gain access to a live account of their chosen size.
Benefits:
◉ Fair 2-step evaluation to assess trading skills
◉ Option to start with larger initial capital
◉ Flexible trading conditions: hold positions over weekends, trade the news, no lot size limits
◉ Quarterly scaling up to $2M
◉ Leverage of 1:100
◉ Monthly profit share up to 85%
◉ Refundable fee upon completing all stages
◉ No monthly fees
◉ Option to start with larger initial capital
◉ Flexible trading conditions: hold positions over weekends, trade the news, no lot size limits
◉ Quarterly scaling up to $2M
◉ Leverage of 1:100
◉ Monthly profit share up to 85%
◉ Refundable fee upon completing all stages
◉ No monthly fees
Additional Details
◉ Trading Conditions: Traders can hold positions over weekends, trade the news, and have no lot size limitations.
◉ Leverage: 1:100
◉ Profit Share: 75% up to 85% based on the profit made on the funded account.
◉ First Payout: 14 calendar days from the day of placing the first position after completing 4 active days on the funded account. Subsequent withdrawals can be made bi-weekly.
◉ Refundable Fee: The fee for the Ability Challenge is refundable upon completing all stages.
◉ No Monthly Fees: There are no recurring monthly fees during the challenge.
◉ Leverage: 1:100
◉ Profit Share: 75% up to 85% based on the profit made on the funded account.
◉ First Payout: 14 calendar days from the day of placing the first position after completing 4 active days on the funded account. Subsequent withdrawals can be made bi-weekly.
◉ Refundable Fee: The fee for the Ability Challenge is refundable upon completing all stages.
◉ No Monthly Fees: There are no recurring monthly fees during the challenge.
Funded Trader Program
The Funded Trader Programme is crafted for experienced traders who can demonstrate consistent profitability and have a solid trading strategy. This programme offers significant value for adept traders. Participants must have at least three months of experience in a live account and be prepared to commence trading in a live environment immediately.
Additional Details
◉ Funded Account: Awarded upon purchasing the Funded Trader Programme.
◉ Trading Conditions: Adherence to the maximum loss rules is mandatory.
◉ No Monthly Fees: Traders are not required to pay any recurring fees.
◉ Trading Conditions: Adherence to the maximum loss rules is mandatory.
◉ No Monthly Fees: Traders are not required to pay any recurring fees.
Benefits:
◉ No demo phase or challenge required
◉ Initial funding options of $7,500, $15,000, or $60,000 in live capital
◉ Access to premium liquidity with zero commissions and swap fees
◉ Restrictions only on major news events
◉ Account growth with every 10% profit achieved
◉ Quick scaling plan up to $2M
◉ Leverage of 1:30
◉ Profit sharing up to 80%
◉ No monthly fees
◉ Initial funding options of $7,500, $15,000, or $60,000 in live capital
◉ Access to premium liquidity with zero commissions and swap fees
◉ Restrictions only on major news events
◉ Account growth with every 10% profit achieved
◉ Quick scaling plan up to $2M
◉ Leverage of 1:30
◉ Profit sharing up to 80%
◉ No monthly fees
Summary
AudaСity Capital stands out as a premier proprietary trading firm, offering substantial funding, high-profit sharing, and flexible trading conditions. With a robust support system, diverse funding programs, and a commitment to trader success, the firm has garnered a strong reputation in the Forex trading community. Despite some trading requirements, AudaСity Capital's comprehensive offerings make it an attractive choice for traders seeking to maximise their potential and achieve significant financial gains.