AudaCity Capital - Prop Firm Review
User Rating: Be the first one!
- Rapid payouts
- Tools to serve all types of traders
- Flexible Challanges
- Top notch platforma
- Great Scaling options
Company Overview
AudaCity Capital is a London-based proprietary trading firm established in 2012, offering funded trading accounts to skilled traders worldwide. The company stands out for its two-phase evaluation model-Challenge and Verification-designed to identify disciplined, consistent traders before providing access to substantial capital. AudaCity Capital emphasizes risk management and profitable trading strategies, allowing successful candidates to trade with accounts ranging from $10,000 to $400,000.
What distinguishes AudaCity Capital is its transparent profit-sharing model (up to 80% for traders), diverse range of tradable markets across forex, indices, and commodities, and its educational resources for trader development. The firm provides access to institutional-grade liquidity and offers both standard and professional challenge paths, catering to different trading styles and experience levels. With regular payouts and a user-friendly dashboard, AudaCity Capital has established itself as a reputable option for aspiring professional traders seeking institutional backing.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee ranging from $125 (for $10K account) to $1,300 (for $400K account)
- Professional Challenge – One-time fee ranging from $250 (for $10K account) to $2,600 (for $400K account)
- Discounts – Occasional promotions on challenge fees, especially for larger account sizes
Account Types
- Standard Challenge: Lower profit targets (8%) with longer evaluation period; suitable for more conservative traders
- Professional Challenge: Higher profit targets (12%) with shorter evaluation period; designed for experienced traders
- Funded Account: Live trading account after passing both Challenge and Verification phases
Profit Split Options
- Standard Split: 60% for traders and 40% for AudaCity Capital
- Performance-Based Scaling: Up to 80% for traders after consistent performance
- Monthly Payouts: Regular profit disbursements for funded traders
Account Sizes
- $10,000: Entry-level account with lower challenge fee
- $25,000: Mid-tier account balancing capital and challenge cost
- $50,000: Advanced account for experienced traders
- $100,000: Professional account size with enhanced earning potential
- $200,000: Large capital allocation for established traders
- $400,000: Maximum account size offering substantial trading capital
Trading Platforms
- MetaTrader 4 (MT4): Industry-standard platform with robust charting tools and indicators
- MetaTrader 5 (MT5): Advanced platform with additional timeframes and analytical tools
- Trader Dashboard: Proprietary interface for tracking performance metrics and account status
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global market indices including S&P 500, NASDAQ, DAX, and FTSE
- Commodities: Gold, silver, oil, and other raw materials
- Cryptocurrencies: Select crypto CFDs including Bitcoin and Ethereum
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days minimum | 60 days minimum |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | 30 days minimum |
| Profit Target | 12% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $400,000 for top-performing traders with proven track records
- Scaling: Account growth opportunities of up to 25% after consistent performance milestones
- Trading Competitions: Regular contests with additional cash prizes and bonus allocations
- Free Trial: No free trial available, but discounted challenge fees during promotions
- Profit Targets: Standard (8% Challenge, 5% Verification) or Professional (12% Challenge, 8% Verification)
- Drawdown Structure:
- Daily: 5% maximum from previous day’s closing balance
- Maximum: 10% from starting account balance
- Trailing: Not implemented, fixed drawdown based on initial balance
Trading Rules and Requirements
- No overnight positions on certain instruments during high-impact news events
- Maximum position size of 5% of account equity per trade
- No hedging or martingale strategies permitted
- Trade minimum of 5-10 days (depending on challenge type) during evaluation phases
- No trading during major economic announcements (±5 minutes around news releases)
- No weekend holding for instruments with weekend gap risk
- Must maintain consistent trading style throughout evaluation and funded phases
Company Information
- Founded in 2012 in London, United Kingdom
- Regulated by the Financial Conduct Authority (FCA)
- Office Address: 15 Bishopsgate, London EC2N 3AR, United Kingdom
- 24/5 customer support via email, live chat, and ticketing system
- Active community with over 5,000 funded traders globally
- Multi-language support including English, Spanish, Portuguese, and Arabic
Payout Methods
- Bank Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Bitcoin and other cryptocurrencies (24-48 hours)
- Minimum payout threshold: $100
- Monthly payout schedule with option for bi-weekly for high performers
Trading Commissions
- Forex: $7 per standard lot round turn
- Indices: $7 per standard contract
- Commodities: Standard market commissions apply
- Cryptocurrencies: 0.05% of trade value
- No monthly subscription or ongoing platform fees
IP Rules
- VPN usage strictly prohibited during evaluation and funded phases
- Multiple account logins from different IP addresses require pre-approval
- IP location must match registered country of residence
- Travel notifications required when trading from alternative locations
- Maximum of two unique devices permitted per account
Unique Features
Trading Resources
- Institutional-grade trading infrastructure with low latency execution
- Real-time performance analytics dashboard
- Economic calendar integration with trading platform
- Trade journal and performance tracking tools
Community Benefits
- Weekly webinars with professional traders
- Private Discord community for funded traders
- Trading competitions with additional cash prizes
- Mentorship opportunities with top-performing traders
Why Choose AudaCity Capital?
AudaCity Capital stands out in the crowded prop firm space by offering a balanced approach between evaluation rigor and realistic trading conditions. Their decade-long track record since 2012 demonstrates stability in an industry where many firms come and go quickly.
Key advantages include:
- Industry-leading profit splits up to 80% for consistent performers
- Transparent evaluation process with clearly defined rules
- No time limit on the Professional Challenge, allowing traders to demonstrate skill without rushing
- Institutional-grade liquidity and execution quality
- Account scaling opportunities up to 25% after consistent performance
- Diverse tradable markets including forex, indices, commodities, and cryptocurrencies
- FCA regulation providing additional credibility and trader protection
Frequently Asked Questions
How long does it take to get funded?
The time to funding depends on your performance and chosen challenge path. On the Standard Challenge, you’ll need a minimum of 90 days (30 days for Challenge plus 60 days for Verification). With the Professional Challenge, you could complete the process in as little as 35 days if you quickly reach the profit targets (with no time minimum for Challenge plus 30 days minimum for Verification).
Can I hold positions over the weekend?
Yes, you can hold positions over the weekend for most instruments, but there are restrictions for certain volatile assets with weekend gap risk. Forex majors, indices, and some commodities typically allow weekend holds, but it’s recommended to check the specific instrument rules and manage risk accordingly, especially before major weekend events.
What happens if I break a rule?
Rule violations have varying consequences depending on severity. Minor infractions may result in warnings, while major violations like breaching maximum drawdown, using prohibited trading strategies, or IP violations typically result in immediate account termination without refund. AudaCity Capital provides a grace period for certain metrics and offers a comprehensive rule guide to help traders avoid violations.
Can I trade news events?
Trading during major economic news releases (±5 minutes around the announcement) is prohibited due to extreme volatility and unpredictable slippage. However, you can position your trades ahead of news events and hold through them if they’re already open before the restricted window. AudaCity provides an economic calendar with highlighted high-impact events to help traders comply with this rule.
How often can I withdraw profits?
Profit withdrawals are processed monthly by default. Once funded, profits are calculated at the end of each month and paid out according to your profit split (starting at 60% and increasing to up to 80% based on performance). Traders maintaining exceptional performance may qualify for bi-weekly payouts. The minimum withdrawal amount is $100, and processing times vary by payment method (1-5 business days).
There are no reviews yet.