Audacity Capital
OVERVIEW
Based in the United Kingdom, Audacity Capital has a substantial tenure of 11 years in the business, led by CEO Karim Yousfi. The provision of both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) offers traders the flexibility to use one of the industry’s most trusted and widely adopted trading platforms. The firm uses Institutional Liquidity Providers for offering trade execution. With a range from $10,000 to $240,000 in account sizes, Audacity Capital caters to a broad array of traders, from those looking to start with lower capital to those ready to manage a larger funded account. Audacity Capital employs a two-step evaluation process, requiring traders to meet a 10% profit target in both phases. A maximum total drawdown of 10% for all account sizes establishes a uniform risk management framework across the board. A leverage ratio of 100:1 is available, which can significantly amplify both profits and losses. Additionally, Audacity Capital offers traders to trade in currencies, indices, and commodities. While the core group of instruments available on the platform consists of currency pairs, they also provide access to markets of indices and commodities.
Audacity Capital offers three different trading programs: the Funded Trader Program, Flex Trader Program, and Pro Trader Program. Each program starts you off with $15,000 in capital, and traders have the chance to scale this up to $480,000. In the Funded Trader Program, once you make a 10% profit, your account size doubles. In the Flex Trader and Pro Trader Programs, your account doubles each time you hit a 20% profit target. As you progress, you go through different stages. For example, you start with $15,000, then move up to $30,000, and then to $60,000, and so on. Each stage has its own rules for the maximum amount you can trade at once (lot size) and a limit on how much you can lose (10% drawdown limit). These programs are designed for experienced traders. They offer quick scaling, clear and straightforward operations. When you reach your 10% or 20% profit target, you can withdraw your profits. Traders only need to fill out a request form, and usually, get their money within 48 hours. However, there are specific rules about how much one can trade, trading during major news events, and holding positions over the weekend. For example, with a starting $15,000 account, the maximum a trader can trade at once is 0.5 lots.