AudaCity Capital
AudaCity Capital is a London-based proprietary trading firm founded in 2012, offering funded trading accounts from $15,000 to $480,000 with scaling up to $2 million. The firm provides two main programs: the Ability Challenge (2-step evaluation) and the Funded Trader Program (instant funding).
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Firm Overview
Firm Overview
AudaCity Capital Prop Firm Details
Broker:
Liquidity ProviderPlatform:
Trading Features:
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Instruments and Assets
Access to 32 futures contracts across multiple asset classes and exchanges, providing diverse trading opportunities.
Category | Symbols | Description |
---|---|---|
Forex | EURUSDGBPUSDUSDJPYUSDCHFUSDCADAUDUSDNZDUSDEURGBPEURJPYGBPJPYEURCHFEURAUDEURCADEURNZDUSDZARUSDTRYUSDMXNUSDSEKUSDNOKUSDPLN | 28 major and minor forex pairs available on all accounts |
Indices | US30US100US500UK100GER30FRA40JPN225 | Major global indices available at $120,000+ accounts |
Commodities | USOILUKOILNATGAS | Energy commodities available at higher account tiers |
Metals | XAUUSDXAGUSD | Gold and Silver available at $120,000+ accounts |
Consistency Rules
AudaCity Capital places significant emphasis on consistency within its trading programs, ensuring that traders maintain a disciplined and steady approach to achieving profitability. This focus is crucial for both risk management and sustainable trading performance over time.
Key Consistency Requirements
To maintain eligibility and success in AudaCity Capital's trading programs, traders must adhere to the following consistency rules:
- •40% Consistency Rule: No single trading day can account for more than 40% of the total profits.
- •Trading Frequency: Traders must engage in regular trading activities to maintain their accounts.
- •High-Impact News Trading Restrictions: Trading is restricted during high-impact news events on funded accounts to prevent excessive volatility impacts.
The 40% consistency rule is designed to promote a balanced trading strategy, encouraging traders to distribute their profits more evenly over their trading days, rather than relying on infrequent large gains. This rule helps ensure that traders are consistently generating returns, rather than depending on a few lucky breaks.
Regular trading activity is also a cornerstone of AudaCity Capital's expectations, as it demonstrates ongoing engagement and commitment to the trading program. This requirement helps in maintaining active trader status and ensures alignment with the firm's risk management protocols.
Impact and Benefits
Adhering to these consistency rules not only aligns traders with AudaCity Capital's standards but also enhances their overall trading discipline. Consistency in trading helps mitigate the risks associated with market volatility and unpredictable financial events. Moreover, by avoiding high-impact news trading, traders can safeguard their accounts from sudden market swings, ensuring a more stable and predictable trading environment.
Ultimately, these rules not only protect the firm's capital but also foster a professional development path for traders, equipping them with habits that are essential for long-term success in the financial markets.
Firm Rules
AudaCity Capital offers traders a structured and disciplined environment to hone their skills and achieve financial success. The firm has set clear guidelines to ensure that trading activities align with its principles, providing a balanced approach to risk management and profitability.
Key Rules at AudaCity Capital
To maintain a fair and secure trading environment, AudaCity Capital has established the following key rules:
- •No News Trading: Traders are prohibited from engaging in trading activities during high-impact news events on funded accounts.
- •Scalping Allowed: The firm supports scalping strategies, allowing traders to capitalize on short-term market movements.
- •Expert Advisors Permitted: Traders can utilize Expert Advisors (EAs) to enhance their trading strategies on MetaTrader 4 and MetaTrader 5 platforms.
- •Weekend Holding: Positions can be held over the weekend, providing traders with more flexibility in managing their trades.
- •40% Consistency Rule: AudaCity Capital requires traders to adhere to a 40% consistency rule, meaning no single day's profit can exceed 40% of the total profits.
- •No Hedging: Hedging strategies are not permitted to ensure a consistent trading approach.
AudaCity Capital enforces a series of restrictions to maintain a responsible trading environment:
- •Prohibited Strategies: The firm does not allow copy trading, high-frequency trading, arbitrage, and hedging.
- •Minimum Trading Activity: Traders must engage in regular trading activities to keep their accounts active.
- •Max Positions Simultaneous: The number of simultaneous positions varies depending on the account size.
AudaCity Capital offers several features to enhance the trading experience:
- •No Stop Loss Requirement: While traders are encouraged to use stop losses as part of their risk management strategy, it is not a mandatory requirement.
- •Overnight Holding: Positions can be held overnight, giving traders more options for managing their positions over different time frames.
Payout Policy
AudaCity Capital offers a comprehensive payout policy that is designed to provide traders with flexibility and efficiency. The firm's payout structure is aimed at rewarding traders generously while ensuring they have access to their profits in a timely manner.
Payout Structure
The profit sharing arrangement at AudaCity Capital is particularly advantageous for traders. The standard profit split is set at a competitive 75%, allowing traders to retain the majority of their earnings. Depending on the trading program, account size, and performance, this can scale up to 90%, providing even greater incentive for high-performing traders.
- •Standard Profit Split: 75%
- •Scaled up to 90% based on program and performance
- •Profit split ranges from 50% to 90%
AudaCity Capital provides traders with the flexibility to choose from a range of payout methods to suit their preferences. Payouts can be requested on-demand after achieving a 10% profit target or scheduled bi-weekly. This ensures that traders have control over when they receive their earnings, making it easier to manage their personal finances.
- •Payout Methods:
- PayPal
- Cryptocurrency
- Wise
The processing time for payouts ranges from 48 hours to 4 days, providing a quick turnaround for traders eager to access their profits.
Requirements & Benefits
To be eligible for payouts, traders must complete a minimum of 4 trading days, ensuring that they are actively participating in the market. One notable feature of AudaCity Capital's payout policy is the absence of a minimum payout threshold, allowing traders to withdraw any amount they have earned.
First-time payouts are subject to a delay of 30 days after the first trade for those in the Ability program. However, for Funded Traders, the payout is immediate, enhancing accessibility to funds.
The combination of a generous profit split, varied payout methods, and a flexible schedule makes AudaCity Capital an attractive choice for traders looking to maximize their earnings efficiently.
Restricted Countries
Global Access
This firm accepts traders from most countries worldwide. Please check with the firm for specific eligibility requirements.