Ascendx Capital sets itself apart in the prop trading industry with competitive profit splits, transparent payout processes, and realistic evaluation targets. Designed by traders for traders, Ascendx Capital provides a clear path from evaluation to funded status, offering the flexibility and support needed to help traders achieve their full potential. Explore how Ascendx Capital can empower your trading journey with industry-leading conditions and unmatched profit opportunities.

Ascendx Capital Review: Is This the Right Prop Firm for You?

Ascendx Capital offers traders an opportunity to get funded up to $200,000 with an industry-leading profit share of 90%. The firm emphasizes flexibility and favorable trading conditions, aiming to support traders on their journey to financial independence.

Ascendx Capital By the Numbers

• Presence in over 180 countries
• Average payout processing time of 4 hours

90% Profit Split

Ascendx Capital provides a generous profit split of 90% in the Funded stage, allowing traders to withdraw their earnings every two weeks. This high profit share is designed to reward traders’ skills and efforts.

Trade Without Time Limits

The firm offers flexibility in trading, with no time constraints imposed on traders. This allows participants to make informed trading decisions at their own pace, enhancing their potential for success.

Low Profit Targets

Ascendx Capital features some of the lowest profit targets in the industry, set at 7% and 5%. This competitive model aims to provide traders with achievable goals, making it an attractive option for many.

Fast Payouts

Traders benefit from quick access to their earnings, with payouts processed in an average of 4 hours through multiple payment gateways, ensuring efficient and prompt transactions.

Monthly Competitions

Ascendx Capital hosts free monthly competitions, offering participants the chance to win exciting prizes and a free evaluation account, adding an element of fun and challenge to the trading experience.

Low Commissions and Spreads

The firm aims to provide a cost-effective trading environment with low commissions, tight spreads, and fast execution speeds, helping traders maximize their profits.

Trade Without Restrictions

Ascendx Capital allows traders to use any strategy, including EAs and news trading, providing complete freedom and flexibility in their trading approach.

Ascendx Capital Evaluation Program: Is It Worth It?

Ascendx Capital offers traders the opportunity to get funded with amounts up to $200,000 while enjoying a competitive profit share of 90%. The firm’s evaluation process is designed to assess traders’ skills over two phases, without imposing time constraints, making it suitable for traders who value flexibility.

Phase 1: Initial Assessment

In Phase 1, traders are required to trade for a minimum of 2 days and achieve a profit target of 7%. This phase allows traders to choose their preferred instruments and trade without any time restrictions, emphasizing a performance-based assessment rather than a time-pressured environment.

Phase 2: Final Challenge

Upon successfully completing Phase 1, traders move to Phase 2, where they need to meet a 5% profit target. Similar to the first phase, there are no time constraints, allowing traders to showcase their skills at their own pace.

Becoming a Funded Trader

Once both phases are successfully completed, traders can become funded with a 0% profit target and continue trading with a 90% profit share on their earnings. This stage offers a significant advantage for skilled traders looking to maximize their profits without stringent performance pressures.

Funding Options and Costs

• 200k Account: Price – $1134, Profit Share 90%, Phase 1 Target 7%, Phase 2 Target 5%, Max Drawdown 10%, Max Daily Drawdown 4%.
• 100k Account: Price – $647, Profit Share 90%, Phase 1 Target 7%, Phase 2 Target 5%, Max Drawdown 10%, Max Daily Drawdown 4%.
• 50k Account: Price – $372, Profit Share 90%, Phase 1 Target 7%, Phase 2 Target 5%, Max Drawdown 10%, Max Daily Drawdown 4%.
• 25k Account: Price – $242, Profit Share 90%, Phase 1 Target 7%, Phase 2 Target 5%, Max Drawdown 10%, Max Daily Drawdown 4%.
• 10k Account: Price – $120, Profit Share 90%, Phase 1 Target 7%, Phase 2 Target 5%, Max Drawdown 10%, Max Daily Drawdown 4%.

Ascendx Capital Evaluation Program: What You Need to Know

Ascendx Capital’s evaluation process consists of two phases, each with specific targets and requirements. This structured approach is designed to assess traders’ skills comprehensively, ensuring they are prepared to manage funded accounts effectively.

Drawdown Policies

• Maximum Drawdown: 10% of the initial balance, applicable across all phases.
• Daily Drawdown: 4% of the previous trading day’s closing balance, calculated at 20:59 UTC.
• Drawdown Policy: The policy is static and balance-based, with a hard breach occurring if the equity or balance drops by:
  • 4% below the closing balance at 20:59 UTC.
  • 10% from the initial starting balance.

Minimum Trading Days

• Phase 1: Requires a minimum of 2 trading days.
• Phase 2: Requires a minimum of 2 trading days.
• Funded Account: Requires a minimum of 4 trading days for initial withdrawals and 3 trading days for subsequent withdrawal requests from the same account (updated 29/08/2024).

Trades made to meet the minimum trading day requirement can be executed with a lot size as small as 0.01, and are counted only when a new position is opened and closed.

Profit Targets

• Phase 1 Profit Target: 7% of the initial balance.
• Phase 2 Profit Target: 5% of the initial balance.
• Funded Account Profit Target: No profit cap; traders can earn without restrictions.

To request a performance fee payout, a minimum of $110 must be earned.

Consistency and Trading Day Criteria

• Consistency Rule: Ascendx Capital does not enforce a consistency rule in any phase.
• Minimum Trading Day Criteria: A day counts as a trading day when a new position is opened and closed.
• Trading Day Start Time: The trading day begins at 21:00 UTC. The minimum trade duration rule is waived when a trade is solely made to fulfill the minimum trading day requirement, provided it is made using a 0.01 lot size.

Ascendx Capital Trading Rules: Essential Guidelines for Traders

During Phase 1 and Phase 2 of Ascendx Capital’s evaluation program, traders are expected to meet profit targets without breaching their account’s limits. There are no specific trading rules beyond avoiding certain prohibited strategies listed below:

• Maximum Risk: No set maximum risk limits for these phases.
• News Trading: Allowed without restrictions during both phases.
• Lot Size Limits: Traders can utilize their entire margin without restrictions.

Prohibited Trading Strategies

• Taking advantage of unrealistic prices or trade opportunities (e.g., arbitrage, latency trading, front-running price feeds, and mispricing).
• Latency Trading.
• Arbitrage Trading.
• High-Frequency Trading, including tick scalping.
• Reverse Trading or Group Hedging.

Simulated Funded Account Rules

• Trade Timing: No trades can be initiated within 5 minutes before or after high-impact economic news releases.
• Permissible Orders: Positions opened more than 5 minutes before a news release can be held through the event. Limit orders set more than 5 minutes before the news, with Stop Loss (SL) and Take Profit (TP), are allowed if triggered during the release.
• Prohibited Actions: Manually opening or closing trades, or adjusting SL or TP, within 5 minutes before or after a news release is strictly prohibited.
• Consequences: First violation results in a soft breach and forfeiture of profit; a second violation leads to a hard breach of the account.

News Source: Ascendx Capital utilizes Forex Factory for news-related releases, impacting pairs during U.S. CPI, FOMC Statements, Non-Farm Employment Reports, and more.

Minimum Trade Duration

• Requirement: Trades must be held for at least 2 minutes.
• Exceptions: Trades closed by SL or TP before 2 minutes are permitted.
• SL and TP Levels: Must be set within 15 seconds of opening a position or after the first 2 minutes. Adjustments made outside these conditions may result in a soft breach.

Layering Rule

• Maximum Positions: A maximum of 3 open positions on the same instrument at any time.
• Position Sizing: Increasing the size of an existing position is considered opening a new position.

Maximum Risk and Gambling Rule

• Maximum Risk: Exposure cannot exceed 3% of the account balance at any time.
• All-or-Nothing Approach: Strictly banned.
• Consequences: Breaching these rules will result in a breach of the account.

Lot Size Limits for Simulated Funded Accounts

Consequences: A first violation leads to a soft breach and forfeiture of profits; a second violation results in a hard breach of the account.

Soft and Hard Breach Explained

Soft breaches result in the forfeiture of profits and issuance of a reset account. A second soft breach escalates to a hard breach, causing permanent account disablement. For multiple breaches within a single payout cycle, the account will be permanently disabled.

Example: If the 2-minute minimum duration rule is breached along with another rule, it constitutes two soft breaches, leading to a hard breach and account disablement.

General Trading Rules & Information

While SL and TP orders are not mandatory, they are recommended for effective risk management. Proper use can safeguard positions and help define profit objectives.

Weekend Trading

• cTrader: No weekend trading; positions can be held but not executed during weekends.
• DxTrade: Allows trading over weekends; positions can also be held.

Considerations: Market gaps can affect open positions, and swap fees are generally tripled over weekends.

Leverage Details

• Forex: Up to 1:100 leverage.
• Indices and Gold: Up to 1:20 leverage.
• Cryptocurrency: Up to 1:2 leverage.

While leverage can amplify trading potential, it also increases risk. Traders should be aware of how leverage impacts their strategies and trade responsibly.

Responsibilities of Traders at Ascendx Capital

Ascendx Capital provides the tools and support for trading activities, but the responsibility for trading success lies with the trader. Key responsibilities include managing the account, safeguarding credentials, and ensuring trades align with the rules and guidelines provided.

Ascendx Capital: Key Policies and General FAQs

Only traders with simulated funded accounts are eligible to request a performance fee split.

Payout Requests

• Requests can be made every 2 weeks, calculated as the day of the first trade plus 13 days, with at least 4 trading days completed.
• If you miss the payout request day, you must complete another payout cycle before submitting a new request.

Processing Time

All payout requests are processed and paid within 5 business days, excluding the day the request is submitted.

Minimum Performance Fee

The minimum amount required for a performance fee payout is $100.

Refunds and Account Status

• Refunds for the challenge fee are included in the first performance fee split.
• Ensure all trades and pending orders are closed before making a payout request.

New Funded Account

After your payout is processed, you will receive a new simulated funded account by the end of the next business day.

Payment Methods

Payouts are made via Rise and Cryptocurrency (up to $1,000). All associated fees, including those for refunds, are the responsibility of the recipient. To request a payout, please submit a ticket through our platform.

Maximum Allocation & Copy Trading

• You can trade with a total allocation of up to $400,000.
• For Allocation Under $400,000: You may have multiple accounts, including both evaluation and qualified trader accounts, and you are allowed to copy trades and use the same strategy across accounts.
• For Maximum Allocation of $400,000: You can maintain multiple accounts; however, copying trades or using the same strategy across accounts is prohibited. Each account must employ a different strategy, and the maximum limit for merged accounts is $200,000.

Expert Advisors (EA) & Trade Copiers

• All EAs must go through a pre-approval process before use.
• To begin, create a free trial account at AscendX Capital and contact support to ensure compatibility and compliance of your EAs with the trading environment.

Trade Copiers

• Web-based and software trade copiers are permitted.
• If your account is flagged, additional information about the master account and the trade copier may be requested.

No Group Trading Rule

Using identical EAs or strategies by multiple traders is prohibited. If detected, accounts may be flagged for violating the “No Group Trading” rule, which could lead to account closure.

KYC and Restrictions

Ascendx Capital requires KYC compliance. Find a list of accepted documents here.

Restricted Countries

Ascendx Capital does not provide services to residents of the following countries:

• Iran
• Iraq
• North Korea
• Russia
• Pakistan

Ascendx Capital: Prohibited Practices and Account Policies

Ascendx Capital prioritizes the integrity and fairness of its evaluation challenges. To maintain this standard, the use of passing services, account management by third parties, or account sharing is strictly prohibited. Violating these policies undermines the integrity of the evaluation process and compromises the fairness and safety of all traders involved.

Prohibited Practices

• Passing Services: Using services designed to pass evaluations on behalf of traders is not allowed.
• Account Management: Engaging third parties to manage or control your trading account is prohibited.
• Account Sharing: Sharing account credentials or allowing others to access your account is forbidden.

Consequences of Violations

Traders found in violation of these policies will lose eligibility for refunds or withdrawals. Upholding these rules is essential to preserving the integrity and fairness of Ascendx Capital’s evaluation process.

Account Security

Traders are responsible for the security of their account credentials. Sharing account information is strictly prohibited, and maintaining account security is the sole responsibility of the account holder.

Third Party Payments and Verification Policy

Ascendx Capital does not accept payments made via third-party cards or accounts. All purchases related to assessments and account funding must be completed using the cardholder’s own payment method.

Verification Process

During the onboarding process for a qualified trader account, Ascendx Capital verifies that the name on the payment card matches the name on the KYC profile. This verification step helps prevent credit card fraud and ensures secure transactions.

Restricted Countries

Ascendx Capital restricts services to residents of the following countries:

• Iran
• Iraq
• North Korea
• Russia
• Pakistan

Prohibited Trading Strategies

Ascendx Capital prohibits the use of certain trading strategies that exploit market inefficiencies or manipulate trading conditions. These include:

• Taking advantage of unrealistic prices or trade opportunities, such as arbitrage, latency trading, front-running price feeds, and exploiting mispricing.
• Latency Trading
• Arbitrage Trading
• High-Frequency Trading: Including tick scalping.
• Reverse Trading or Group Hedging

Why Choose Ascendx Capital?

Ascendx Capital stands out in the industry with the largest average payout sizes, verified transparently on the blockchain through a public wallet. Our commitment to maximizing traders’ potential is demonstrated by our record payout of $84,533, highlighting the success and dedication of our team in supporting traders.

Empower Your Trading: Achievable Targets and Competitive Profit Splits

Ascendx Capital offers one of the most attainable evaluation processes in the industry, with profit targets set at 7% for Phase 1 and 5% for Phase 2. Traders benefit from a generous 90% profit split, surpassing the typical industry standard of 80%, which allows them to retain a significant portion of their earnings.

Journey from Evaluation to Funded Account

Step 1: Purchase Evaluation

Begin your journey by purchasing an evaluation from Ascendx Capital.

Step 2: Complete Profit Targets

• Achieve a profit target of 7% in Phase 1 and 5% in Phase 2.
• Phase 2 will be sent automatically within 30 minutes after receiving the pass email for Phase 1.
• Avoid breaching the daily drawdown limit of 4% and the maximum drawdown limit of 10%.
• Each phase requires a minimum of 2 trading days, and trades can be as small as 0.01 lots to meet this requirement.

Step 3: Receive Pass Email

Upon successful completion of Phase 2, you will receive a pass email.

Step 4: Complete KYC

Proceed with the KYC process once you receive the pass email. This step is required only once unless otherwise notified.

Step 5: Receive and Sign Contract

• After completing KYC, a contract will be sent within 3-5 business days following a review of your performance in both phases. The day you pass is not included in this timeframe.
• Sign the contract upon receipt to get your funded account within 30 minutes.

Step 6: Read FAQs

After receiving your funded account, it’s recommended to read through the FAQs for comprehensive understanding.

Payout Schedule

• Payouts can be requested every 2 weeks, calculated from the day of your first trade plus 13 days, with a requirement of at least 4 trading days.
• If there are no breaches of funded account rules, payouts will be processed within 5 business days of your request. Note that the request day does not count toward the 5-business-day processing time.

Conclusion: Is Ascendx Capital the Right Choice for You?

Ascendx Capital offers a compelling proposition for traders looking to advance their careers in prop trading. With achievable profit targets, a generous 90% profit split, and an industry-leading average payout size, Ascendx Capital stands out as a competitive option in the prop trading landscape. The firm’s transparent use of blockchain for payout verification adds a layer of credibility and trust, ensuring traders can focus on their trading strategies without concerns about the integrity of their earnings.

The two-phase evaluation process at Ascendx Capital is designed to be accessible and fair, with realistic targets that are lower than many other prop firms, making it suitable for traders at various experience levels. The absence of strict time constraints and the flexibility in trading strategies further empower traders to perform at their best without unnecessary pressure. The structured pathway from evaluation to becoming a funded trader is clearly defined, with straightforward steps that ensure a seamless transition from testing to trading with real capital.

However, it’s important to be mindful of the firm’s strict adherence to rules regarding account management, prohibited trading strategies, and security policies. Ascendx Capital’s firm stance on account integrity underscores its commitment to maintaining a fair trading environment. Traders who value a clear, rule-based approach and are willing to adhere to these guidelines will find Ascendx Capital’s framework supportive of their trading journey.

One of the standout features of Ascendx Capital is its focus on maximizing trader potential, as evidenced by its largest payout of over $84,533. This highlights the firm’s dedication to rewarding skill and performance generously. Additionally, the quick turnaround for funded account setups post-evaluation and the efficient payout processes underscore Ascendx Capital’s commitment to supporting traders in every step of their journey.

In summary, Ascendx Capital presents a robust opportunity for traders seeking a prop firm that combines achievable targets, high-profit potential, and a supportive trading environment. Its transparent operations, competitive profit splits, and clear progression path make it an attractive option for traders who are serious about scaling their trading performance. While success depends on adhering to the firm’s rules and meeting performance criteria, Ascendx Capital provides the tools and opportunities necessary for skilled traders to thrive and achieve financial independence.

For those prepared to follow the rules and dedicated to their trading craft, Ascendx Capital could be a strong partner in your trading journey, offering both the platform and the potential to ascend to new heights in prop trading.