Are you searching for a proprietary trading firm that can provide you with access to capital and expert-level training? With numerous options available, it can be a daunting task to find the perfect match for your trading goals.
Fortunately, you’ve come across this comprehensive AudaCity Capital review, where we’ll tell you all the essential information you need to determine if AudaCity Capital is the ideal trading firm for you.
Continue reading our in-depth AudaCity Capital review to discover if this prop firm aligns with your requirements.
What is AudaCity Capital?
AudaCity Capital, a forex proprietary trading firm established in 2012, is dedicated to empowering traders and creating an environment for their growth and success. Headquartered in London, the firm operates globally, serving traders in over 140 countries. AudaCity Capital offers traders the opportunity to trade forex, commodities, and indices on various exchanges through the MetaTrader 4 (MT4) platform.
With a mission to develop long-term relationships with traders, AudaCity Capital provides them with the necessary capital to engage in sizable trading activities. The firm’s application process is straightforward, and once hired, prop traders receive funding and a share of their profits. As traders prove their profitability, they have the chance to trade more volatile assets, expanding their opportunities for financial gain.
AudaCity Capital has established a strong reputation over the past decade, earning the trust of traders worldwide. With a success rate of 70% among funded traders, the firm has become a go-to choice for individuals looking to start or advance their trading careers.
Recognized by reputable sources such as MarketWatch, Reuters, Bloomberg, and CNBC, AudaCity Capital has cemented its position as a globally recognized firm in the field of proprietary trading. Traders seeking a supportive and rewarding trading experience can turn to AudaCity Capital for the opportunity to thrive in the financial markets.
AudaCity Capital Features
- Flexibility: AudaCity Capital stands out by offering both the Ability Challenge and the Funded Trader Program, allowing traders to choose the option that suits them best.
- Fast Scaling Plan: Successful traders can rapidly scale their trading accounts at AudaCity Capital. They have the opportunity to double their account size, up to $500,000, with each 10% profit target achieved.
- Live Funded Account: AudaCity Capital allows traders approved for the Funded Trader Program to begin trading with real capital immediately, bypassing the need for a demo account phase.
- MetaTrader 4 Integration: AudaCity Capital integrates with the popular MetaTrader 4 platform, enabling traders to execute lightning-fast trades with tight spreads, particularly advantageous for forex trading. The firm covers any commissions through its monthly fee.
- Profit Split Options: Traders in the Funded Trader Program share 50% of their profits with the firm, while those who pass the Ability Challenge enjoy a more industry-standard 75% profit split.
- Hidden Talents Program: AudaCity Capital offers a Hidden Talents Program to recruit and train aspiring traders. The program provides personalized one-on-one training with experienced mentors, creating opportunities for new talent to enter the industry.
Audacity Capital offers a straightforward pricing structure for traders interested in joining their platform. To become a member, there is a one-time joining fee of $299. This fee covers the initial setup and access to the platform. In addition to the joining fee, there is a monthly subscription charge of $99. This subscription fee includes various benefits such as not having to pay commissions or swaps.
When it comes to profit sharing, Audacity Capital follows a 50/50 split. Traders receive 50% of the profits generated while the remaining 50% goes to Audacity Capital. After passing the Ability Challenge, traders are able to keep 75% of their profits.
AudaCity Capital Review: The Pros & Cons
- Instant funding: Audacity Capital offers traders the benefit of instant funding, allowing them to start trading with real capital without delay.
- Good trading and educational support: The platform provides robust trading and educational support to traders, helping them enhance their skills and make informed trading decisions.
- Long-standing positive reputation: Audacity Capital has built a strong and positive reputation over the years, making it a trusted choice for traders looking for a reliable prop firm.
- Fast scaling plans: The firm offers fast scaling plans that allow traders to increase their trading account size quickly, providing opportunities for higher profitability.
- Higher monthly fees: Audacity Capital has higher monthly fees compared to some other prop firms, which may be a consideration for traders on a tight budget.
- Below industry standard profit splits: The 50/50 or 75/25 profit split offered by Audacity Capital is behind some competitors that offer up to 90/10 splits.
AudaCity Capital Alternatives
AudaCity Capital has a trusted reputation and is a good choice for a prop trading firm, but they are not the only show in town. There are many firms in this industry with each one offering their own unique advantages and disadvantages.
If you don’t like AudaCity Capital’s low 50/50 profit split, you could consider TopStepTrader. TopStepTrader offers an industry leading 90/10 profit split. Click on this highest paying prop trading firms article to learn more about them and others like them.
One of the drawbacks of AudaCity Capital is that they do not offer a free demo trail. If you want to try out a prop trading service before committing, OneUp Trader offers a 7-day free trial. To learn more about OneUp Trader and numerous other prop trading firms, check out this best prop trading firms article and this best funded forex trading accounts article.
AudaCity Capital is a reputable and established prop trading firm that offers instant funding, educational resources, and good trading support. However, the higher monthly fees and limited profit splits might be a deterrent to some traders. Overall, it’s a reliable option for traders who are willing to trade with a 50/50 profit split and don’t mind paying the fees.
If you’re looking for a prop trading firm that prioritizes fast scaling, AudaCity Capital is a good choice. Click Here to learn more about their services and see if it’s the right fit for your trading needs.