Ascendx Capital is a revolutionary prop trading firm that's shaking up the industry. Founded in October 2023, this UK-based company offers traders a unique opportunity to showcase their talents and potentially earn big. With a two-step evaluation process and the chance to manage up to $200,000 in capital, Ascendx is turning heads in the trading world.
They're not just about the money, though – they're building a community of passionate traders and providing the resources needed for success. While they're still new on the scene, Ascendx is already making waves with their above-industry-standard 90% profit share.
A Community of Traders, Analysts, and Innovators
At the core of Ascendx Capital lies a vibrant community of traders, analysts, and innovators who share a common goal: to support and empower traders in their journey toward success. The firm understands that prop trading can be a challenging and competitive endeavor, but it firmly believes that with the right support, mindset, technology, and risk management, anyone can become a successful trader.
Ascendx Capital's mission is to establish itself as the go-to prop firm for skilled traders worldwide. They recognize that access to necessary resources is often the biggest hurdle for traders looking to advance in the industry. To address this, Ascendx Capital offers a range of funding options, allowing traders to choose the challenge that best aligns with their goals and trading style.
Funding Evaluation Programs
Ascendx Capital provides traders with the opportunity to showcase their talent through its funding evaluation programs. These programs are designed to assess a trader's skills and potential, with the ultimate goal of providing them with a funded trading account.
The evaluation process consists of two stages:
Phase 1 Challenge: Traders are given a simulated assessment account and must trade for a minimum of 2 days. The objective is to reach a profit target of 7% without any time constraints, using the trader's preferred instruments.
Phase 2 Challenge: Upon successfully completing Phase 1, traders progress to Phase 2. Here, they must achieve a 5% profit target, again with no time constraints.
Once a trader successfully completes both Phase 1 and Phase 2, they are awarded a funded trading account with Ascendx Capital. This account comes with a 0% profit target and an impressive 90% profit share on the trader's earnings.
The funding evaluation programs start with account sizes ranging from $10,000 up to $200,000. Traders have the potential to scale up to $500,000 in funded accounts, all while enjoying an above-industry standard profit split of 90%.
| Phase | Description | Profit Target | Time Constraint | Account Type |
|---|---|---|---|---|
| Phase 1 Challenge | Trade for a minimum of 2 days and showcase your trading skills by choosing your preferred instrument. | 7% | No time constraints | Simulated assessment account |
| Phase 2 Challenge | Once you successfully pass your Phase 1 challenge, you'll have the opportunity to showcase your skills again. | 5% | No time constraints | Simulated assessment account |
| Funded Trader | After successful completion of both Phase 1 and Phase 2, you'll get the opportunity to trade as a funded prop trader with Ascendx Capital. | 0% | N/A | Ascendx challenge account |
Trading Platforms and Conditions
Ascendx Capital offers a range of trading platforms to cater to the diverse needs and preferences of its traders.
Some of the popular platforms supported by the firm include:
These platforms are renowned for their reliability, advanced charting capabilities, and extensive range of trading tools, ensuring that traders have access to the best technology to execute their strategies.
In terms of trading conditions, Ascendx Capital provides leverage of up to 100:1 during the evaluation stages and in Qualified Trader accounts. This means that for every $1 in the trading account, traders can control a position size of up to $100. However, it is crucial for traders to exercise caution and understand the risks associated with leverage, as it can amplify both potential gains and losses.
Prohibited Trading Strategies
To maintain a fair and ethical trading environment, Ascendx Capital has a clear policy on prohibited trading strategies. These include:
The firm emphasizes the importance of adhering to these rules, especially for traders aiming to secure a qualified trader account with an allocation of up to $500,000. Traders are encouraged to thoroughly understand the rules, objectives, and requirements to ensure a successful evaluation process.
Payouts and Performance Fees
One of the standout features of Ascendx Capital is its generous payout structure. Traders who successfully complete the evaluation process and become funded traders are entitled to a remarkable 90% profit share on their earnings. This is significantly higher than the industry standard, demonstrating the firm's commitment to rewarding skilled traders.
The performance fee policy at Ascendx Capital is designed to incentivize consistent and profitable trading. Traders are encouraged to focus on risk management and long-term success rather than pursuing short-term gains at the expense of account stability.
The Common Queries
What is The Maximum Funding Amount offered by Ascendx Capital?
Ascendx Capital offers to fund up to $200,000 for qualified traders.
What is The Leverage Offered by Ascendx Capital?
Ascendx Capital provides leverage of up to 100:1 during the evaluation stages and in Qualified Trader accounts.
Are there any Prohibited Trading Strategies at Ascendx Capital?
Yes, prohibited strategies include latency trading, arbitrage trading, high-frequency trading, reverse trading or group hedging, and the Martingale Strategy.
Is There a Maximum lot size limit during the Challenge Phase?
No, there are no maximum lot size limits during the challenge phase. However, there are specific maximum lot limits based on account size for qualified trader accounts.
How can I contact Ascendx Capital for inquiries or Further Information?
You can reach out to Ascendx Capital through the contact channels provided on their website, such as email or social media.
Does Ascendx Capital allow the use of Expert Advisors (EAs) or Trade Copiers?
If you have uncertainties about the compliance of your Expert Advisor (EA) or manual scalping strategy, Ascendx Capital encourages you to create a free trial account and seek their review and approval of the strategy before proceeding with an evaluation.
To Conclude
Ascendx Capital has established itself as a leading force in the world of proprietary trading, offering traders exceptional funding opportunities and a supportive community to help them thrive.
With their commitment to empowering traders, providing advanced technology, and offering industry-leading profit splits, Ascendx Capital is well-positioned to attract skilled traders from around the globe.
