Audacity Capital Review 2027 Fees, Features and Safety

This Audacity Capital review for 2027 looks at the London, United Kingdom-based prop firm, founded in 2012, and covers the profit split of up to 90%, funding of up to $2.0M, evaluation rules and payouts, so you can decide whether it fits the way you trade.

Audacity Capital overview (2027)

Audacity Capital is one of the oldest proprietary trading firms open to retail traders. Karim Yousfi founded it in London in 2012, long before online evaluation firms became common. Unlike most modern competitors, it began as a traditional prop house with a physical trading floor in the City of London, where traders worked on site. It has since opened its programmes to remote traders worldwide while keeping that professional heritage.

Two routes to funding

The Ability Challenge is a two-step evaluation in the contemporary style. Traders must reach a profit target of 10% in the first phase and 5% in the second while respecting loss limits. Account sizes range from $10,000 to $200,000 or more.

The Funded Trader Program is the firm's original offering. It is aimed at experienced traders, who apply and may be interviewed about their track record and approach. Successful applicants receive a funded account without a multi-phase test, paying a joining fee and a monthly charge. The account doubles in size each time a 10% profit target is reached.

The firm has also introduced additional challenge variants over time, so check its current line-up.

Risk rules

On the Ability Challenge, the daily loss limit is 5% in most configurations, and the maximum drawdown is 10%. There is no time limit, and a minimum of four trading days is required per phase. The Funded Trader Program applies tighter limits, with a lower overall drawdown and restrictions on risk per trade, reflecting its focus on capital preservation.

News trading and weekend holding have been restricted on some programmes, particularly the Funded Trader Program, which historically required positions to be closed before the weekend. Expert advisors are allowed under conditions. Rules differ between the two routes, so read the terms for the one you choose.

Profit split and payouts

The Ability Challenge pays a profit share starting at around 75% to 80%, rising to 90% with scaling or add-ons. The Funded Trader Program begins at a 50/50 split under its traditional structure, with the share improving as the account grows. Payouts are available monthly or bi-weekly depending on the programme, and the firm has over a decade of history paying traders.

Scaling

Growth is central to Audacity Capital's model. Under the Funded Trader Program, the balance doubles at each 10% milestone. Ability Challenge accounts scale in steps as profit targets are met. The maximum allocation is $2 million.

Platforms and markets

Trading takes place on MetaTrader 4 and MetaTrader 5, with additional platforms offered at times. The instrument list focuses on forex pairs, gold, indices and a limited number of other CFDs. Leverage is conservative, up to 1:100 on challenges and lower on the Funded Trader Program.

A professional environment

Audacity Capital presents itself as a firm for serious traders. It maintains its London office, offers access to in-house risk managers and mentors, and runs a community for funded traders. The application and interview process for its original programme is a reminder of how prop trading worked before mass-market challenges. For traders who value a professional setting, this is a meaningful difference.

Fees

Ability Challenge fees are in line with the market, at roughly $500 to $600 for a $100,000 account, refundable on eligible terms. The Funded Trader Program has a one-off joining fee and a monthly subscription, which makes its cost structure different from a standard challenge. Consider how long you expect to trade the account when comparing costs.

What to keep in mind

The Funded Trader Program's 50% starting split and monthly fee are less generous than typical modern offers, though its direct funding and doubling plan appeal to some experienced traders. Restrictions on weekend holding and news can limit certain strategies. The firm's product range has evolved, and conditions on its website should be taken as the authority. Evaluation accounts are simulated, and the challenge business is not a regulated investment service.

Who is Audacity Capital best for?

Audacity Capital suits experienced forex traders who want a long-established London firm with a professional culture. The Ability Challenge serves those comfortable with a standard two-step test, while the Funded Trader Program is designed for traders with a proven record who prefer to skip the evaluation.

Traders seeking the highest profit split, lowest fees or widest platform choice will find more competitive terms at newer firms.

Pros and cons

• Pros: operating since 2012, physical London office, direct funding route for experienced traders, account doubling plan, no time limit on challenges, scaling to $2 million, long payout history.
• Cons: lower starting split on the Funded Trader Program, monthly fee on that programme, weekend and news restrictions on some accounts, MetaTrader-focused, limited instrument range.

Audacity Capital review: verdict for 2027

Audacity Capital offers something rare in this industry: more than a decade of continuous operation and roots in traditional proprietary trading. Its terms are more conservative than those of newer rivals, but for experienced traders who prize stability, it is a respected name.

Compare this Audacity Capital review with all 35 prop firms in our 2027 list, and confirm the latest terms on the official Audacity Capital website before you open an account.