Audacity Capital Account Types and Differences

Audacity Capital account types and differences offer traders diverse options that cater specifically for their varying skill levels. Based in London, Audacity Capital is a bespoke trading firm that specializes in forex trading and gives traders access to funded accounts. It has expanded dramatically since its founding in 2012, serving both new and seasoned traders with a range of account types and unique features. Audacity Capital account types and differences, their distinctive features, and the general advantages they offer traders will be examined in this article.

An Overview Audacity Capital 

Audacity Capital distinguishes itself in the prop trading market by providing traders with a structured funding method. The firm enables traders to open accounts with a small initial investment and grow them as they meet earnings goals. Through its cutting-edge trading programs, Audacity Capital, which specializes in forex trading, offers access to a variety of trading instruments, such as indices and commodities.

Audacity Capital Account Types

The Funded Trader Program and the Ability Challenge are the two main account types offered by Audacity Capital. Every program has varied regulations, profit-sharing plans, and scalability chances to accommodate diverse trading profiles.

1. Funded Trader Program

Traders who can prove profitability through a simple assessment process are eligible for the Funded Trader Program. The salient features are as follows:

• Initial Account Sizes: Account sizes for beginners range from $15,000 to $480,000.

Profit Goal: The goal for account scaling is to reach a 10% profit target. For instance: 

• The trader must start with $15,000 and finish with $16,500.
• The account amount doubles to $30,000 after reaching this goal.

Profit Sharing: Initially, Audacity Capital and the trader split profits 50/50. Nevertheless, depending on performance, this might rise to 75% in the trader’s favor.

Drawdown Limits: Trading rights may be terminated until a review is conducted if the account balance drops below the 10% maximum drawdown.

Trading Conditions: There are no limitations on the kind of trading styles that traders can employ. However, it is forbidden to trade during significant news occurrences.

Leverage: With leverage up to 1:100, traders can properly manage risk and optimize their potential gains.

2. The Ability Challenge

The Ability Challenge is intended for traders who want to showcase their abilities in a controlled setting but may not have a proven track record. The features consist of:

Two-Step Evaluation: There are two stages to this program:

• Phase 1: Within a given time period, traders must reach a 10% profit target.
• Phase 2: Following a successful completion of Phase 1, a 5% profit target must be reached.

Initial Account Size: Like the Funded Trader Program, the Ability Challenge has a $15,000 initial account amount.

Profit Sharing Structure: Traders who successfully finish both challenge phases can receive up to 90% of their profits under this program.

Drawdown Limits: To maintain risk management as a top concern, there is a maximum drawdown limit of 10%, same like in the Funded Trader Program.

Trading Flexibility: Although traders are free to choose their trading tactics, they are required to follow certain guidelines on profit targets and drawdowns.

Comparing Different Account Types

Here is a comparative overview to help you better grasp the differences between these two programs:

Initial Account Size

• Funded Trader Program: $15,000 – $480,000
• Ability Challenge: $15,000

Profit Target:

• Funded Trader Program: 10%
• Ability Challenge: Phase 1: 10%, Phase 2: 5%

Profit Sharing

• Funded Trader Program: Up to 50% (75% based on performance)
• Ability Challenge: Up to 90%

Maximum Drawdown

• Funded Trader Program: 10%
• Ability Challenge: 10%

Leverage

• Funded Trader Program: Up to 1:100
• Ability Challenge: Up to 1:30

Trading Restrictions

• Funded Trader Program: No major news event trading
• Ability Challenge: No major news event trading

Evaluation Duration

• Funded Trader Program: No time limit
• Ability Challenge: Two phases with specific targets

Additional Audacity Capital Account Features: 

Scaling Opportunities

The capacity for traders to greatly expand their accounts is among the most alluring aspects of both systems. Traders can double their account balance for each successful achievement of the profit target, which is usually set at 10%. Over time, dedicated traders can oversee accounts worth up to $2 million thanks to this scaling strategy.

Fees and Costs

Audacity Capital charges monthly subscription fees in addition to an initial joining fee:

• Usually, a one-time joining fee costs £199.
• Platform fees are around £99 each month, regardless of the size of the account.

For traders who want to increase their profits without adding to their expenses, these fees provide access to premium liquidity with no commission or swap fees.

Trading Tools 

Audacity Capital mostly focuses on FX pairs, but under some circumstances, it also permits trading in indices and commodities. Because of this flexibility, traders can investigate other market opportunities and diversify their portfolios.

Advantages and Disadvantages Of Audacity Capital

There are benefits and drawbacks of selecting Audacity Capital, just like with other trading firm’s:

Advantages

• Opportunities for flexible scaling that enable substantial growth potential.
• Profit-sharing plans that are competitive and rewarding for profitable traders.
• Fast execution and tight spreads are the results of having access to top liquidity sources.
• No limitations on trading tactics outside of significant news occasions.

Drawbacks

• One could consider the initial costs are being excessive in comparison to the starting capital.
• Drawdown restrictions must be rigorously followed by traders; going over them could result in trading suspension.
• Less alternatives for leverage than some other prop firms. 

In conclusion

For both novice and seasoned forex traders searching for funded accounts, Audacity Capital account types and differences presents an alluring option. The Funded Trader Program and Ability Challenge are two different account types that give traders flexible options tailored to their risk tolerance and skill levels. Audacity Capital is a desirable option in the proprietary trading market because of its capacity to greatly expand accounts while offering advantageous profit-sharing arrangements. Prospective traders can make well-informed decisions that complement their trading techniques and financial objectives by being aware of the distinctions between various account kinds.

All things considered, Audacity Capital is a strong platform that gives traders the tools and resources they need to succeed in the fast-paced financial markets of today.

Frequently Asked Questions

What Are The Various Account Types Offered By Audacity Capital?

Audacity Capital offers two main account types, they include:

• Funded Trader Program: Designed for traders who can demonstrate profitability through an evaluation process.
• Ability Challenge: Designed for traders who want to showcase their skills without an established track record, consisting of a two-phase evaluation.

What Is The Initial Account Size For Each Audacity Capital Program?

• Both the Funded Trader Program and the Ability Challenge start with an initial account size of $15,000. However, the Funded Trader Program allows for scaling up to $480,000 based on performance.

How Does Audacity Capital Evaluation Process Work?

• Funded Trader Program: Traders need to achieve a 10% profit target to scale their accounts. There is no specific time limit for this evaluation.
• Ability Challenge: This program consists of two phases:
  • Phase 1: Achieve a 10% profit target within a specified time frame.
  • Phase 2: Achieve a reduced profit target of 5% after successfully completing Phase 1.

Are There Any Limits On Drawdown In Audacity Capital Programs?

• Yes, both account types have a maximum drawdown limit set at 10%. If a trader exceeds this limit, trading privileges may be suspended until a review occurs.

What Trading Strategies Does Audacity Capital Allow?

• Traders in both programs have no restrictions on their trading strategies, but trading during major news events is prohibited. This allows for flexibility in approach while maintaining risk management.