It is important to take note of Audacity capital supported and restricted countries especially for traders looking to join the prop firm. Based in London, UK, Audacity Capital is a private trading firm that was founded in 2012 and is run by CEO Karim Yousfi. By creating an atmosphere that supports development and excellent performance, the firm hopes to build enduring connections with traders. Audacity Capital provides traders all around the world with funded trading accounts along with tools and platforms that are industry-standard. This article examines Audacity capital supported and restricted countries.
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Audacity Capital Overview
By giving traders access to funds, Audacity funds enable them to trade indices, commodities, and forex. The firm sets itself apart by leveraging institutional liquidity providers that enable quick trade executions and tight spreads. Audacity Capital offers its services in more than 140 countries and pays its traders a considerable amount each monthāan estimated $2.8 million.
Audacity Capital Supported Countries
With services available in more than 140 countries, Audacity Capital takes pride in its extensive reach. It is a well-liked option for traders looking for financed trading chances because of its worldwide accessibility. According to Audacity Capital, it is accessible in more than 146 nations. The goal of the firm is to cultivate skilled and driven investors.
Audacity Capital Restricted CountriesĀ
Although Audacity Capital serves a wide range of clients worldwide, there is one noteworthy exception: inhabitants of the United States of America (USA) are not eligible for Audacity Capitalās services. Although the search results presented do not go into detail about the reasons behind this restriction, regulatory restrictions frequently play a role in these choices.
Recognizing the Limitations
One important factor for prospective traders to take into account is the limitation of services in the USA. Although Audacity Capital has operations in more than 140 nations, a significant portion of the trading community cannot access it since it is not available in the USA.
The Workings of Audacity Capital
With funded accounts from Audacity Capital, traders can trade a variety of instruments, mostly through the MetaTrader 4 (MT4) platform. Currency pairs, indices, and commodities are all accessible to traders; after the account balance hits $120,000, traders can access indices and commodities.
The firm provides a variety of initiatives, such as direct funding for seasoned traders and challenges for novices. Because Audacity Capital places a strong emphasis on scalability, traders can double their account balance every time they make 10% profit.
Benefits of Trading with Audacity Capital
- Funded Trading Accounts: Audacity Capital lowers the financial risk for individual traders by giving them the funds they need to trade.
- Access to a Variety of Instruments: Traders have access to indices, commodities, and forex, offering them chances for diversification.
- Scalability: Each time a trader makes a 10% profit, the account balance can be doubled, enabling quick expansion.
- Institutional Liquidity: Audacity Capital provides quick execution and tight spreads by utilizing institutional liquidity providers.
- Support and Education: Audacity Capital offers online tips and success stories as well as other instructional materials.
- Global Presence: Audacity Capital serves a broad clientele by operating in more than 140 countries.
The Drawbacks Of Using Audacity Capital For Trading
- Limited Platform Options: MetaTrader 4 (MT4) is the main platform, and it might not be suitable for all traders.
- Costs: There may be monthly platform costs in addition to a joining charge.
- Profit Split: Initially, the profit split is 50/50, but it may eventually reach 75/25.
- Limitations: No weekend trading or opening positions during significant news events; forex trading is only permitted until a minimum account balance is reached.
- Not Regulated: Audacity Capital is not subject to any regulations.
What Audacity Capital Offers
The Ability Challenge and direct funding for seasoned traders are Audacity Capitalās two primary trading channels. The Ability Challenge is intended for novices and offers a demo account for skill testing. After an interview process, seasoned traders can skip the challenge and get straight access to a funded account.
Payouts and Fees
There is a one-time membership charge and possible monthly platform fees associated with Audacity Capital. Even if there are no swap fees or commissions, these costs should be taken into account. The processing time for payouts is usually between two and four days. Profit splits differ; traders who select an account with a challenge may be able to receive a bigger part (75%) of the profits.
Is Audacity Capital a Reputable Firm for Prop Trading?
A reputable firm, Audacity Capital is listed on Companies House in the United Kingdom. The firm has received praise from the industry and good consumer feedback. Despite not being regulated, Audacity Capital appears to be a rather safe prop trading company based on their security protocols and client feedback.
Geographic Distribution of Audacity Capital Traders
Audacity Capital provides services to traders in more than 140 nations.Ā
One major advantage of the firm is its global reach, which enables many traders to access it.
In conclusion
With the notable exception of the US, Audacity Capital serves clients worldwide with funded trading accounts. The firm gives access to Forex, commodities, and indices via the MetaTrader 4 platform, with prospects for account development and profit-sharing. While there are costs and some restrictions, Audacity Capital remains a popular choice for traders seeking sponsored trading possibilities, supported by its training materials and industry recognition.
Frequently Asked Questions
Why Do Audacity Capital Restrict Certain Countries?
- Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.
How Can I Verify If My Country Is Supported By Audacity Capital ?
- You can check your eligibility by visiting Audacity Capital official website or reviewing their terms of service for the most current list of supported and restricted countries. Audacity capital supports over 140 countries
What Should I Do If My Country Is Restricted?
- If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.
