Note: Audent Capital's official website: https://audentcapital.pro/ is currently inaccessible normally.
Audent Capital Information
Audent Capital is an unregulated forex broker who was just registered in Apr 2024 in Malta, quite new to the market. Its product offerings include forex, stocks, indices and commodities. Minimum deposit requirement is $250, relatively high comparing to industry average which is usually less than $100. The broker implies various leverage levels over its 7 tiered accounts, up to 1:200.
However, it's worth notint that the unavailable website of this broker makes it uncertain if the company already ceased operation.
Is Audent Capital Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Downsides of Audent Capital
Unavailable website: Audent Capital's website cannot be opened currently.
Regulatory concerns: The company operates under no valid regulation, meanig that it does not necessarily comply to industry rules. This heightens trading risks with them.
Lack of transparency: The broker does not openly reveal info on trading conditions such as account spreads and commissions.
New to the market: The broker is quite new to the market and does not have sufficient industry experience.
Market Instruments
Audent Capital provides access to a diverse array of financial instruments such as Forex, Indices, Commodities, Metals, and Futures, etc.
Forex (Foreign Exchange): Forex is the global marketplace for trading national currencies against one another, making it the largest financial market in the world. Popular pairs are EURUSD, CADUSD, USDJPY, etc.
Indices: Indices represent a group of stocks or other securities, providing a benchmark for market performance and allowing investors to track overall market trends.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, including physical assets like precious metals, energy products and agricultural products, etc.
Stocks: Invest in shares of top companies to leverage market trends such as Apple, Amazon, Tesla. etc.
Always follow the rule of investment and scatter risks by putting money in different products instead of only one that you are optimistic about.
Account Type & Leverage
You can choose from 7 tiered live accounts from this broker, which are designed to suit different traders with various experience levels and fanancial capacities. Each account requires different initial capital, order size and tradable asset numbers.
First comes the Standard account, with an entry point of $250 and allows trading in 100+ assets.Leverage is up to 1:30 and maximum order size is 10 lots. Usually this is a beginner account which desires less function, smaller trading volume and initial deposit.
However, the broker does not provide much room for transition to the next Silver account, which requires a very high minimum deposit of $10,000, a large escalation from the beginner account. Leverage is up to 1:50, maximum order size 15 lots with 170 tradable assets.
The higher rank your account is, the more initial deposit there will be, together with higher leverage, larger order size and more tradable assets. Among the top is the Institutional account with an entry level of $5,000,000 and 470+ assets. This account has the largest order size at 40 lots and leverage up to 1:200, suitable for high-net-worth or institutional clients who need to trade at large trading volume and accept corresponding risks at the same time.
Nonetheless, significant information such as spread, commissions for each account are not readily available, preventing users to clearly pre-calculate their trading costs.
The initial capital requirement is quite high comparing to industry standard, you should always appraise your financial status before choosing the account that best suits you.
Customer Support
Audent Capital can be reached via email, telephone and business address. Comprehensive customer service channels such as social media, live chat are not readily avialable so far.
Conclusion
In summary, Audent Capital is a quite new financial company alleged to be registered in Malta and provides trading in forex, indices, commodities and stocks to its clients. However, the inaccessible website and absence of regulation irritate most traders about its credibility. Furthermore, the high initial deposit requirements stops beginners who need to start small first. Lack of transparency on trading conditions also deteriorates its reliability. Thus, you should seriouly reconsider before you choose this broker to trade with.
