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AudaCity Capital Funded Trader Review
Audacity Capital is a London founded prop trading firm now run through a Comoros licensed entity. It is not authorized by the FCA, and traders sign on as contractors, not clients.
Min Deposit
$49
Spreads From
Not published by Audacity Capital
Max Leverage
Not published by Audacity Capital
Platforms
MetaTrader 5, DXtrade
Pros
- Long running brand in the prop trading space, active since 2012
- Ability Challenge profit split can scale up to 90 percent
- Clear list of banned countries published in its own terms
- UK office still open in London alongside its Comoros license
Cons
- Not authorized by the Financial Conduct Authority for any activity
- Traders are self employed contractors, not clients, with fewer protections
- Its own terms let the firm refuse to honor a trader order at its discretion
- Terms discourage negative reviews and threaten legal action over them
- All evaluation and joining fees are stated as final and non refundable
Audacity Capital started in London in 2012 under CEO Karim Yousfi. Today its funded trader services run through AudaCity Global LTD, a company licensed in the Union of Comoros, not by the Financial Conduct Authority. A separate Dubai company handles payments, and a UK office remains open in London.
Two main paths exist, the Ability Challenge and the Funded Trader Program. Ability Challenge profit splits scale from 75 to 90 percent. The Funded Trader Program pays 50 to 80 percent and adds a monthly fee. Account sizes run up to around 240,000 dollars, with joining fees that rise sharply for bigger accounts.
Audacity Capital's own terms say every trader order is company property, and the firm can refuse to honor it at its own discretion, even after a target is hit. Traders sign on as self employed contractors, not clients, so normal broker complaint routes do not apply. The site also runs a 35 percent discount on all programs through its own promo code right now.
Min. Deposit
USD 49
Max Leverage
Not published by Audacity Capital
Spreads From
Not published by Audacity Capital
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
