AudaCity Capital is an established prop trading company based in the UK and offers a range of trade accounts that are funded to international customers. The review we will provide in 2022 will explain the way in which the program for funded traders is operated, account rules along with fees, and withdrawal cash outs. Find out how you can be funding by AudaCity Capital.
About AudaCity Capital
AudaCity Capital Ltd was established in 2012. The company’s aim is to establish long-term relationships with traders , by providing them with the most favorable environment for them to thrive and succeed. Investors are able to trade commodities, forex and indices on a variety of exchanges through The MetaTrader 4 (MT4) platform.
AudaCity Capital provides services in 140+ countries, with an office located in London, UK. The trading company that is funded offers $2.8 million monthly cash payouts through its platform.
The company today is recognized worldwide, with recognition of MarketWatch, Reuters, Bloomberg and CNBC just to name some.
How It Works
As a prop trading company, AudaCity Capital essentially lends its capital to earn profit. The company aims to locate skilled and enthusiastic traders who have proven expertise and proven strategies that are ready for taking their trading to the highest level. Prop traders who are hired serve as contractors.
The Application Process
The process for registering as a funded trader is different between companies. AudaCity Capital uses an interview method rather than a conventional evaluation program.
Join The Program – Use the registration form online (takes less than about three minutes). Information includes years of experience in trading as well as balances on existing accounts knowledge, risk management abilities and the current strategy
Participate in an Interview – Based upon your request, the business will set up a telephone meeting or face-to-face. The topics of discussion will include your trading strategy and background
Results – After an interview with investors, they will be provided with an immediate feedback. If the interview was successful the contract as well as fees will be provided via email.
Begin Trading – Once the contract has been finalized and the payment is made the AudaCity login information will be sent out immediately , and you are able to start trading
The company is seeking investors who have at least 3 to 6 months live trading knowledge. Investors who show consistency in profit while managing risk and demonstrate stability while adhering to a trading strategy or program are much more likely have an active-funded profile.
Rules
Its AudaCity Capital funded trader program includes fully-funded live trading accounts that have a range of account sizes between $15,000 and $480,000. These packages are created with transparency and fairness in mind, and profits are divided 50/50. The account that is funded follows the concept of scaling that doubles capital for every 10% goal reached.
We will outline the most important rules in the following paragraphs:
The withdrawal of funds can be requested after the 10% goal has been reached
Weekend Positions Subject to the approval of the Risk Management team trading during the weekend may be allowed for a select group of investors
Drawdown – 10% drawdown on an absolute basis is established, and isn’t trailing profits. Investors are not responsible for losses
Significant News Events – Positions must be shut during major events like central bank statements or interest rate announcements
Risk – A starting account with a balance of $15,000 with orders limited to an amount that is 0.5 lots. The risk allowance is increased once the balance on the account has been doubled.
In the real world, starting could look like:
New AudaCity Capital investors that gain approval to participate in the program will start with an initial investment of $15,000. This will allow you to use an amount that is up to 0.5 lots.
To advance, you have to reach the target of 10% profit as laid out as part of the scale plan (the new balance on your account should be at least $16,500). When you have achieved this your balance will grow to the amount of $30,000.
The drawdown is 10%, therefore the maximum you could lose is $1500 from the initial balance. This means that the equity you have cannot be less than $13,500.
Fees
It is a one-time membership cost of PS199 for the first month, and the monthly payment for platform of PS99 after that, which is similar to the BluFX lite bundle. The cost remains similar regardless of the size of your account.
Its AudaCity Capital monthly subscription charge includes the benefits of not paying swaps or commissions. The company utilizes the services of a liquidity provider, which gives traders access to low spreads and speedy executions.
Profits are split 50/50.
Platform and Assets
AudaCity Capital offers the MetaTrader 4 (MT4) terminal exclusively. The platform is available as a free download and can be utilized with all the major browsers on the internet. It also has the iOS as well as Android compatible mobile application.
If making use of the terminal users can access the entire array of options, including custom diagrams and charts, more than 30 technological indicators, nine-time frames one-click execution , and live quotes in MarketWatch.
AudaCity does not provide the option of a demo account, but the trading terminal is able to be used to test trading without risk.
The company specializes in trading forex, so the only instruments that are available are the major and minor currency pairs. These include EUR/GBP, GBP/USD and USD/JPY.
Clients are able to apply for permission to trade indices and commodities after sizing an account balance up to $120,000.
Payouts
AudaCity Capital permits profit withdrawals whenever you meet the 10% mark.
Once you have hit your target, email [email protected] for the profits to be withdrawn and the account balance to be doubled. It will send you an email with a confirmation when this is done.
Be aware that you are responsible for taxation on local taxes according to your country of residence.
Accounts
AudaCity Capital offers six account sizes for traders with funds. The sizes vary from the initial amount of $15,000 to $480,000 when you follow the scaling program.
The features that are the same for all accounts are: drawdown is still 10 percent, monthly subscription prices remains the same, and there are no time limitations to meet profit goals and no trades are executed during important news occasions. The company offers leverage of 1:5 however the maximum cumulative exposure for the account of $15,000 is 0.5 (half of a lot).
First Stage Account
The Lot Size is 0.5
Size of Account of $15,000
Profit Goal – 10% goal ($1,500)
Tradeable Assets: Forex pairs
Sixth Stage Account
Lot Size 16
Account Size 480,000 – $480,000
Profit Goal 10% profit target ($48,000)
Tradeable Assets Tradeable Assets Forex pair, Indices and Commodities
Additional Features
Ability Challenge
The Ability Challenge is a fresh venture by AudaCity Capital, creating an opportunity for novice or experienced traders to get the opportunity to raise funds. Users who are interested in participating must place virtual funds into an simulated account to achieve profits targets within a certain time. Traders can select a trading volume.
The challenge is characterized by an upfront cost that varies based on the initial amount of funding and is fully refundable should it be it is successful. The fees range between PS149 for a account of $15,000 up to PS629 for accounts worth $120,000.
The review revealed that those who complete all phases of the test are given an active trading account with a profit share of 75/25.
The requirements for the contest are as follows:
Target for profit – 10 percent profit
Time 30-days to finish
Minimum Trading Time – 7 days
Maximum Daily Drawdown 7.5% – 7.5 percent
Maximum Absolute Drawdown 15 percent
Hidden Talents Program
A novel approach to education Unique to training, the Hidden Talents program offers an account for trading that is funded. The program’s educational goal is to discover, attract and train the future generation of talent through individual instruction with competent instructors.
Training sessions may be offered on a part-time or full-time basis, but they are designed to be completed in four weeks. Content covers fundamental, technical and market analysis as well as trading psychology , and risk management.
Trading Therapy Course
It is the AudaCity Capital trading psychology course is ideal for new or experienced investors. It comprises 14 lessons of online video and webinars. The program is based on a systematic approach to help you comprehend how patterns and patterns form, and how to change behavioral patterns in the trading environment you work in daily.
It is also available for purchase as one-time cost of PS349.
Education
After completing our AudaCity Capital-funded trader review, we were impressed by the quality of educational content offered. There are many success stories featuring integrated YouTube videos and a help center for quick fixes , and numerous websites with guides as well as forums that cover the most popular keywords, best strategies and tricks.
The Pros Of AudaCity Capital
Instant account funding
No swap or commission fees.
Payments are made on each 10% profit goal that is met
Educational content that is comprehensive and includes additional courses
The company is recognized as an industry leader and has numerous positive user reviews
Ability Challenge along with Ability Challenge and Hidden Talents program for inexperienced investors
Cons Of AudaCity Capital
PS199 joining fee
One platform is all there (MT4)
Costs for training with certain packages.
Profit share limited vs competitors
An extensive interviewing process can dissuade traders who are interested in trading
Only Forex trading is allowed until a minimum balance is achieved
No positions or trading during the weekend were opened during major news events.
Security
The company has been known for providing financial support and backing to traders since.
Since AudaCity Capital does not carry any financial operations, it does not have to be approved by a regulator like the FCA. Proper trading and professional training services are not required to be supervised by an international authority. But AudaCity Capital’s preferred clearingers have been regulated and licensed to conduct them by a financial regulator.
It is important to note that there is a slight difference in the method of applying for an interview compared to other companies that offer more sophisticated two-step evaluations that come from FTMO and Topstep For instance.
Remember, you shouldn’t risk more than you are able to lose, regardless of the sign-up conditions.
AudaCity Capital Verdict
AudaCity Capital could be an appealing option for experienced traders seeking to boost their investment capital as well as their knowledge. The program for funded traders offers an attractive trading environment, including no commissions for opening positions as well as a wide range of educational materials. The exclusive Ability to Challenge as well as Hidden Talents programs are also perfect for young talent. It is one of the major players in the prop industry and should be considered.
FAQ
Are AudaCity Capital A Legit Prop Trading Firm?
Yes It is true that AudaCity Capital is a legitimate company that offers a program for traders with a funding source. It is registered with Companies House, org number 08865122, and was incorporated in January of 2014. The CEO currently registered has been named Abdelkrim Yousfi. Reviews from users are generally positive, and there are numerous written success tales.
Where is The AudaCity Capital Prop Trading Firm Is It Located?
AudaCity Capital has a registered headquarters located in London, UK. The company we reviewed also provides services that are global in scope that spans 140+ countries, including the US.
Are AudaCity Capital Really Free For Traders with funds?
There aren’t any commissions or swap costs when trading on AudaCity Capital. There is however one-time, funded trader joining cost of PS199 and monthly platform fees of PS99.
What is AudaCity Capital?
AudaCity Capital is a forex prop trading company designed to attract talented and enthusiastic investors who have proven capabilities and expertise. The company is also introducing new technologies to help attract more novice yet aspiring investors to the program for traders who are funded.
Are AudaCity Capital Regulated?
No It’s not true. AudaCity Capital is not regulated. Because it doesn’t provide financial services similar to the traditional retail broker Regulated entities are not needed. We’re comfortable by the safety measures and the glowing reviews from customers and industry recognitions which makes this a safe prop trading business.
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