audacity.capital Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

https://audacity.capital redirected to https//www.audacity.capital during the time we crawled it. The website audacity.capital claims to be a proprietary trading firm, offering funding to traders in the foreign exchange (forex) market. However, several aspects of the website raise red flags: 1. Lack of Regulatory Information: The website does not provide clear information about its regulatory status. In the financial industry, especially in forex trading, it's crucial for firms to be regulated by relevant authorities to ensure they adhere to strict financial and operational standards. The absence of this information is concerning. 2. Unrealistic Profit Sharing: The website advertises profit sharing of up to 90%, which is unusually high in the context of proprietary trading. Such high profit shares are atypical in the industry and could be a tactic to lure unsuspecting traders with unrealistic promises. 3. Vague Funding Process: The process of getting funded is not transparent. It's essential for traders to have a clear understanding of the funding process, including any evaluation criteria and the terms and conditions for accessing trading capital. 4. Lack of Detailed Risk Disclosure: Engaging in forex trading, especially with leverage, carries significant financial risk. Legitimate trading firms are required to provide detailed risk disclosures to ensure that traders are fully aware of the potential downsides. 5. Limited Information on Leadership Team: While the website mentions the founder and CEO, Karim Yousfi, and the CFO, Federica D'Ambrosio, there is limited information available about their professional backgrounds and experience in the financial industry. 6. Ambiguous Business Model: The website's business model and revenue sources are not clearly explained. It's important for traders to understand how the firm generates revenue and sustains its operations. 7. Lack of Independent Reviews: While the website showcases positive reviews from traders, it's important to seek independent and unbiased reviews from reputable sources to gauge the firm's reputation and track record. 8. Dubious Claims of Impact: The website makes grand claims about impacting the lives of traders and contributing to their financial freedom. Such rhetoric, without substantial evidence, can be a red flag. 9. High Minimum Trading Targets: The website mentions trading targets for funded accounts, which may be unrealistic for many traders, especially those with limited experience. 10. Inconsistent and Overly Positive Language: The website uses overly positive and promotional language, which is common in deceptive marketing practices. Given these red flags, it's advisable to exercise extreme caution and conduct thorough due diligence before engaging with audacity.capital or any similar trading firm. It's recommended to seek advice from independent financial advisors and to verify the firm's regulatory status and track record through credible sources."

• Lack of Regulatory Information, Unrealistic Profit Sharing, Vague Funding Process, Lack of Detailed Risk Disclosure, Limited Information on Leadership Team, Ambiguous Business Model, Lack of Independent Reviews, Dubious Claims of Impact, High Minimum Trading Targets, Inconsistent and Overly Positive Language