Audacity Capital Review
Audacity Capital Review: this firm claims to offer a funded account program where all traders are guaranteed to win a funded account. Is this real?
Lack of transparency is their biggest undoing. The firm is attempting to feign legitimacy by claiming to have been featured in big financial news sites such as CNBC. Read our Audacity Capital review to find out the truth.
Welcome to the Audacity Capital review.
Audacity Capital’s website is quite gimmicky and in many instances, this is considered a red flag.
It states that their aim is to attract and retain the best traders in the industry.
They tell traders that Audacity Capital’s aim is to help traders achieve their full potential and financial success.
The company is based in the UK and claiming to have a long track record of funding traders. We need to find out who these traders are and even speak to them regarding their experience.
According to Centralops.net, the domain audacitycapital.co.uk was registered in January 2014. However, this funded trading program has never been popular until today.
They’re actively promoting this service through Google and Facebook ads.
They intend to split profits with traders on a 50/50 basis. Audacity capital even claims that they intend to double one’s trading account every time they hit a 10% increase.
Their offer is quite irresistible and before you venture into this funded trading program, you need to read this Audacity Capital review to see whether it’s a viable investment operation.
Audacity Capital review
The website seeks to ensure that traders understand the aim of their business model.
They claim that their firm is not intending to provide investment services and that they do not have any clients or investors.
Audacity Capital claims that they’re actually trading their own accounts and their strategy is designed to use publicly available resources.
The company also claims to use simple, transparent and non-controversial order types.
We’re not sure what this means since Audacity Capital initially claimed that they’re neither providing brokerage nor investment services.
The firm is touting the following benefits on their website:
- Long term
They want traders to believe that if they sign up for Audacity Capital funded account program, they’ll become a part of an “exclusive network”.
They’re linking out to major news networks such as theguardian.com, CNBC, Daily Mail and may more.
Some company representatives are commenting on articles published by these media houses to promote their funded trader program.
We have discovered that none of these media houses have ever mentioned or published an article/comment with regards to Audacity Capital and its funded trader program.
So this seems to be a method of feigning legitimacy. We wonder why a firm like Audacity Capital would falsely link out to these websites with the intention of lying.
Audacity Capital Review: are brokers involved?
They’re advertising financial success and are telling “skilled” traders to apply for “guaranteed funded accounts”.
That means a brokerage must be involved in this business setup. These traders must have an account with a broker where funds will be going to.
If that’s not the case, then we believe Audacity Capital is already trading a broker’s account and they intend to hand over control of these accounts to their traders.
Either way, we need to know whether this firm is working with their own brokerage or a third-party brokerage.
We need to know where this stands with regards to regulatory status since Audacity Capital is based in London and nowhere in their website did they mention the FCA.
Whereas they claim to be transparent on their website, the truth is that they are not since they’re omitting essential details that a trader would need before they can sign up.
What about the cost of getting Audacity Capital funded accounts?
The firm wants traders to know that they’re providing a hidden talents program with a “guaranteed” funded trading account in the end.
But they’re not telling us what criteria they use in order to filter out good traders from bad ones. They make it look like every trader will qualify for the so-called guaranteed funded trading accounts.
They’re not telling us about the fees involved as well. Most of the time these firms will ask you for a monthly subscription fee and a target.
This subscription fee must be paid in advance so that traders can keep using a funded trading account.
This is never a live funded trading account but a paper trading account.
So you’re actually paying in order to paper trade an account. It is never clear whether the firm has a live funded account in reality.
Additionally, Audacity capital does not tell traders in advance how much they’ll fund traders with. There’s no terms and conditions.
They even claim that their funded accounts will ensure that traders are not baring the losses. In other words, Audacity Capital is claiming to absorb the losses from their own pockets.
This is not realistic and so it raises a serious red flag.
We’ve never encountered any genuine Audacity Capital review from a real trader who got funded by this firm.
But we’ve seen a lot of fabricated testimonials on the website of Audacity Capital.
In addition to this, we suspect that the firm has heavily invested in PR and the reviews or positive comments you see on Google are either from employees or freelancers who have been paid to speak positively about the firm.
Generally we never recommend funded trading programs and Audacity Capital is not going to be the first either.
This is mainly because of their business model. They work like a casino where the less experienced trader is lured with the promise of winning a fully funded account.
Ultimately the trader is going to lose because they are less experienced and the house knows this very well.
If the funded account provider is affiliated with a broker or is running their own brokerages, they can engage in underhand tactics to manipulate trades.
There are all sorts of things that can happen even to the most experienced trader attempting to get funding from these so-called funded trader programs.
We can’t recommend Audacity Capital because their website is gimmicky and no transparency is assured.
The details we need have not been provided. If you must trade, start with the smallest amount of money you have and grow your account.
Use any of these trading resources to grow your account overtime because funded accounts are mostly an elusive dream that scammers use to defraud individuals on the internet.
Thanks for reading our Audacity Capital review