Audacity Capital is a proprietary trading firm founded in 2012, while the official incorporation took place in January 2014. That being said, they are a veteran proprietary trading firm that has offices located in London, UK. Audacity Capital allows traders to get funded in one of two ways, through the Funded Trader Program or by passing the Ability Challenge.
Audacity Capital – Funded Trader Program
The Funded Trader Program is a unique funding program that has an assessment phase made out of three steps. The Funded Trader Program allows traders to trade with 1:5 leverage.
Step one requires a trader to apply for the Funded Trader Program by filling up a form. The form will require you to answer questions regarding your trading experience and strategy.
Step two is an interview. If you are based in London, you will be able to have a face-to-face interview on their trading floor. However, if you aren’t from London, you can have an interview by phone in order for them to find out more about your past trading experience.
Step three of the Funded Trader Program will be receiving the results. Traders receive their results within 24 hours if they have been approved. Audacity Capital will send them a contract to sort out the paperwork if approved. They will also send account credentials, and the trading account will be funded. However, in order to start trading, an individual will be required to make a one-time payment of £298, which is the joining fee, and a payment of £99, which is the monthly fee.
By completing all three steps, sorting out the paperwork, and paying the two fees, a trader will be able to start trading on his $15,000 account and can start earning profit splits of 50% based on the profits you make.
In addition, we also offer a 5% discount code for the Funded Trader Program, which can be used by anyone that is interested in their funding program.
Audacity Capital – Ability Challenge
The Ability Challenge account aims to identify consistent and disciplined traders who are rewarded for their consistency in the two-phase evaluation period. The ability challenge allows you to trade with 1:100 leverage.
Phase one requires a trader to reach a profit target of 10% while not surpassing their 7.5% maximum daily loss or 15% maximum loss rules. You are required to trade for a minimum of 7 calendar days and hit your profit target within 30 calendar days from the day you place your first position on your Ability Challenge account.
Phase two requires a trader to reach a profit target of 10% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. You are required to trade for a minimum of 7 calendar days and hit your profit target in 60 calendar days from the day you place your first position on your Ability Challenge account.
By completing both Ability Challenge phases, you are awarded a funded account where you have no profit targets and can start earning profit splits of 75% based on the profits you make.
In addition, we also offer a 5% discount code for the Ability Challenge, which can be used on any account size they are offering.