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).
Pros & Cons Analysis
An unbiased evaluation of AudaCity Capital's strengths and weaknesses to help you make an informed decision.
High Max Funding
AudaCity Capital offers a substantial maximum funding of $48 million, appealing to traders aiming to manage large accounts.
Attractive Profit Split
Traders can benefit from a competitive profit split of up to 75%, which can further scale to 90% based on performance.
Trading Flexibility
The firm allows scalping, weekend holdings, and the use of expert advisors, providing traders with significant flexibility.
Wide Payout Methods
AudaCity Capital supports diverse payout methods, including bank transfer, PayPal, cryptocurrency, and Wise, accommodating trader preferences.
Robust Platforms
Traders can utilize MetaTrader 4 and MetaTrader 5, both renowned for their comprehensive trading tools and user-friendly interfaces.
No News Trading
The firm restricts trading during high-impact news events, limiting opportunities for news-driven strategies.
High Evaluation Fees
With fees ranging from $12,900 to $239,900, the evaluation costs are significant and may deter smaller traders.
Lack of Track Record
The absence of a founding date and Trust Pilot reviews can raise concerns about the firm's credibility and history.
Prohibited Strategies
Copy trading, hedging, high-frequency trading, and arbitrage are not allowed, which restricts some trading styles.
Editorial Analysis
AudaCity Capital stands out with several compelling features that cater to both novice and experienced traders. Its offerings provide ample opportunities for growth and flexibility within the trading environment.
The firm's high maximum funding capacity of $48 million is particularly advantageous for traders looking to scale their operations significantly, offering them the potential to manage large portfolios.
AudaCity Capital's profit-sharing model is quite competitive, with traders earning up to 75% of profits, which can scale to 90% based on performance and account size, incentivizing successful trading behavior.
The allowance of scalping, weekend holdings, and expert advisors opens up diverse trading strategies, providing traders with the flexibility to adapt their methods to market conditions.
Utilizing MetaTrader 4 and MetaTrader 5, AudaCity Capital ensures traders have access to robust and reliable trading platforms equipped with powerful analysis tools and user-friendly interfaces.
Important Considerations
Despite its strengths, AudaCity Capital has certain limitations that prospective traders should consider. These drawbacks may impact trading strategies and financial commitments.
The lack of a specified founding date and absence of Trust Pilot reviews may lead to uncertainty regarding the firm's credibility and operational history, which could be a deterrent for some traders.
The prohibition of news trading and certain strategies such as copy trading and arbitrage restricts traders who rely on these methods, potentially limiting their trading opportunities.
The high evaluation fees present a significant barrier to entry, especially for smaller traders who may find the cost prohibitive when compared to the potential benefits.
A 40% consistency rule mandates that no single trading day can account for more than 40% of total profits, which could be challenging for traders with volatile strategies.
AudaCity Capital offers attractive features for experienced traders seeking high funding and flexible trading options, though its high costs and restrictions may not suit everyone.
This firm is best suited for traders with substantial capital and a preference for flexible trading strategies, but who do not rely heavily on news events or prohibited methods.
Potential traders should weigh the firm's high evaluation fees and trading restrictions against its significant funding potential and competitive profit splits.