AudaCity Capital - Prop Firm Review

Pricing snapshot

What AudaCity Capital is

AudaCity Capital (audacity.capital) is one of the more established names in retail prop trading, marketing itself as “empowering traders since 2012” from a London base. Two things about that image need qualifying, though. First, the contracting entity today is AudaCity Global LTD, licensed in the Union of Comoros - an offshore registration, not FCA regulation - with Dubai and Cyprus payment partners. Second, and more important, the firm has quietly shifted to a simulated model: its own Terms now state that trading is “not real,” that demo funds are “fictitious,” and that you are “not entitled to the payment of those funds” as capital - you earn a performance reward on a demo account. So the long-standing brand is real, but it’s an offshore, unregulated, simulated operation now, and you trade on MT5, MT4 or DXtrade in forex and CFDs.

The model that defines it: instant funding + capital doubling + a speed-rewarded split

AudaCity’s headline product is the Funded Trader Programme (FTP), and it works differently from a normal challenge firm in three connected ways. First, there’s no evaluation - you pay a fee and trade a funded (simulated) account immediately. Second, the account doubles in size every time you hit a 10% profit target, so a small account can ladder up toward the advertised 768K over successive doublings. Third - and this is the unusual part - the profit split itself climbs with your progress and rewards speed: reach the 10% target in under 30 days and you earn a higher split than if you take longer, rising from a 50% base toward 80% across stages.

It’s a genuinely distinctive “faster and more consistent equals paid more, and your capital keeps doubling” structure. The honest caveats: the top 80% split only arrives after several successful doublings; the combined-account cap in the fine print is around $240K even though the marketing headlines 768K (and some pages imply more); and it’s all on simulated capital. Read the drawdown rules too - the FTP uses a 5% trailing daily drawdown (a moving floor at 95% of the day’s high equity) and a 10% maximum, with a 5-day minimum and no time limit.

Rules, payouts and the things to watch

There’s no consistency rule on funded accounts (only on free competition accounts), scalping and EAs are allowed within limits, and news trading is permitted outside a 3-minute window around high-impact events - with the quirk that all FOMC events count as major news regardless of the calendar rating. Payouts trigger at each 10% milestone, with same-day payment advertised after a 1-3 day risk review. The reasons for caution are threefold: the firm is unregulated and offshore; its Terms contradict themselves in places (simulated versus “funded” language, the 80% versus “up to 90%” split, and even whether US traders are accepted - one clause allows US registration, another lists the US as restricted); and there is a steady stream of payout-denial complaints on review sites citing drawdown breaches and “hidden rules,” which the firm disputes. None of this makes it a scam, but it does mean reading the current Terms carefully before you buy.

Who it suits

AudaCity fits a trader who specifically wants instant, no-evaluation funding and likes the idea of a doubling ladder and a swap-free account, and who will read the fine print. It suits less well anyone who needs a regulated counterparty, wants clean and consistent Terms, or is put off by the offshore/simulated structure. Because the Terms are self-contradictory on US eligibility, US traders in particular should confirm at checkout.

Frequently Asked Questions

Is AudaCity Capital legit and regulated?

AudaCity Capital is a long-established, actively operating brand dating to 2012, but it is not regulated. Its contracting entity, AudaCity Global LTD, is licensed in the Union of Comoros, an offshore registration rather than FCA regulation, and its own Terms describe trading as simulated, with demo funds it calls fictitious. It is a real, operating firm, but an offshore, unregulated, simulated one, so read the Terms before buying.

How does AudaCity’s Funded Trader Programme work?

The Funded Trader Programme is instant funding with no evaluation: you pay a fee and trade a funded simulated account immediately. From there, the account doubles in size each time you hit a 10% profit target, laddering toward an advertised 768,000, and the profit split climbs as you progress. Uniquely, the split rewards speed, so hitting the 10% target in under 30 days earns a higher split than taking longer.

What is AudaCity’s profit split?

The split starts at a 50% base and climbs toward 80% as you advance through stages, with a speed bonus for reaching the 10% target in under 30 days. Note that marketing and some review sites cite up to 90%, but the firm’s own Funded Trader Programme schedule caps at 80%, and the top tier only arrives after several successful account doublings.

Does AudaCity Capital accept US traders?

It is genuinely unclear, because AudaCity’s own Terms contradict themselves. One clause states US-based traders can register and receive an account, while another lists the United States among restricted jurisdictions, and a third-party review reports US registrations were suspended. US traders should confirm eligibility directly at checkout rather than assume acceptance.

Is AudaCity swap-free, and what are the drawdown rules?

Yes, Funded Trader Programme accounts are commission-free and swap-free, which suits riba-free strategies. The FTP uses a 5% trailing daily drawdown, a moving floor set at 95% of the day’s highest equity, and a 10% maximum drawdown from the initial balance, with a 5-day minimum and no time limit. There is no consistency rule on funded accounts.

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