Ascendx Capital Review

Ascendx Capital is a proprietary trading firm offering funding up to $200,000 with a 90% profit share. They provide a two-phase evaluation process with no time constraints and allow various trading strategies including news trading and automated trading.

Ascendx Capital Review

Summary

Ascendx Capital is a proprietary trading firm that provides unique opportunities for traders looking to achieve financial growth. The company was founded in October 2023 and is based in London, operating as a private limited company. Ascendx Capital offers traders the exceptional opportunity to receive funding of up to $500,000 and enjoy a leading profit share of 90%, demonstrating a strong commitment to empowerment.

Ascendx Capital stands tall among its competitors by providing exceptional trading conditions and support to its traders. It also offers a unique two-phase challenge designed to assess traders’ skills and strategies without time limits. 

Ascendx Capital places great emphasis on risk management and consistency. The company provides leverage of up to 100:1 on simulated trading accounts to help traders maximize their potential gains while being mindful of the associated risks. Additionally, Ascendx Capital fosters a supportive environment for its traders, offering a comprehensive dashboard and a range of trading platforms to suit various trading styles. The firm is dedicated to ensuring the success of its traders by providing the necessary tools and support to navigate the financial markets effectively.

In this review, we’ll explore what sets Ascendx Capital apart in the proprietary trading market. We’ll cover their evaluation model, trading conditions, and support infrastructure to help you understand what to expect when partnering with this firm.

Pros
  • Ascendx Capital offers a generous 90% profit share, which is above the industry standard.
  • The firm allows traders to manage up to $500,000 in funded accounts, providing significant capital for trading.
  • There are no time constraints for achieving profit targets in their evaluation phases, offering flexibility to traders.
  • Traders can use a variety of strategies, including news trading and using Expert Advisors (EAs), without restrictions.
  • The evaluation process includes a low-profit target of 7% for Phase 1 and 5% for Phase 2, making it accessible for traders.
Cons
  • Ascendx Capital has a maximum total drawdown limit of 10% and a daily drawdown limit of 5%, which may be restrictive for some traders.
  • There are specific prohibited trading strategies, such as arbitrage and high-frequency trading, which may limit some traders’ approaches.
  • Refund policies are not explicitly detailed, potentially leaving traders uncertain about financial commitments.

Ascendx Capital Review

Programs

Ascendx Capital offers a structured evaluation process designed to identify and support talented traders. Their program provides an opportunity for traders to showcase their skills. Here’s a closer look at the evaluation program they offer:

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Funding Evaluation

The journey begins with the Ascendx Challenge, where traders are tasked with achieving a profit target of 7% in the first phase and 5% in the second phase. This structure encourages traders to employ thoughtful, strategic approaches without time pressures, creating an atmosphere that values skill and reliability. The evaluation process permits leverage up to 100:1, enabling traders to control larger positions with a smaller capital base.

Traders who successfully complete both stages are rewarded with an impressive 90% profit share, reflecting Ascendx Capital’s dedication to acknowledging trader achievements. The prop firm also offers additional perks, such as bi-weekly performance fee withdrawals.

To accommodate various financial capacities and trading approaches, Ascendx Capital presents an array of account options. These include:

  • $10,000 account priced at $114
  • $25,000 account priced at $230
  • $50,000 account priced at $354
  • $100,000 account priced at $588
  • $200,000 account priced at $1,080
Ascendx Capital Funded Programs
Ascendx Capital Funded Programs

Ascendx Capital Review

Conditions

Ascendx Capital’s trading conditions are designed to ensure a disciplined and fair trading environment. Let’s explore the essentials that will guide your journey with Ascendx Capital.

Drawdowns

Ascendx Capital imposes a maximum total drawdown limit of 10% on trading accounts. This means that the account balance should not fall below 90% of the initial balance. Additionally, there is a maximum daily drawdown limit of 4%, which restricts the amount the account can lose in a single day. These drawdown limits are in place to encourage traders to manage risk effectively and maintain consistent trading performance.

Trading Days

Ascendx Capital requires a minimum of three trading days to complete each phase of their evaluation process. However, there are no maximum trading days, allowing traders the flexibility to take their time and trade at their own pace. This approach ensures that traders can focus on making strategic, well-considered trades without the pressure of time constraints.

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Trading Strategies

While Ascendx Capital supports a variety of trading strategies, they have specific guidelines to ensure fairness and integrity. Prohibited strategies include latency trading, arbitrage, high-frequency trading, reverse trading or hedging, and the Martingale strategy. Additionally, traders are not allowed to exploit unrealistic prices or engage in practices that could be considered gambling. All trading must be conducted by the trader whose name is on the account, and account management services are not permitted.

Scaling Plan

Ascendx Capital offers a scaling plan for traders who demonstrate consistent profitability. Traders who achieve a 10% growth on their trading account can request scaling, with the scaling amount being 10%. This scaling plan incentivizes and rewards profitable trading.

For example, if a trader has a $100,000 funded account and grows it to $110,000 (10% growth), they can request a performance fee payout on the $10,000 profit. Their account size would then be increased to $110,000 going forward. This scaling plan allows successful traders to progressively increase their account size and earning potential as they demonstrate consistent profitability.

Importantly, Ascendx Capital offers traders the opportunity to scale up to $500,000 in funded accounts. This substantial scaling potential provides ambitious traders with the chance to significantly increase their trading capital over time.

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Refund

Ascendx Capital does not offer free retries in their evaluation process due to the flexibility of unlimited trading days. This policy encourages traders to take the evaluation seriously and to prepare thoroughly before participating.

Ascendx Capital Review

Features

Maximum capital$500,000
Profit splitUp to 90%
ScalingYes
News tradingYes
Weekend tradingNo
Automated tradingYes
Free trialNo
Maximum leverage1:100
Ascendx Capital Features

Ascendx Capital provides a comprehensive suite of resources that enhance the trading experience and support traders in achieving their goals. Below is a breakdown of the different features offered.

Dashboard

Ascendx Capital provides an intuitive dashboard that allows traders to keep track of their trading performance and account metrics. The dashboard offers essential features like performance statistics, trade history, and account balance updates. This user-friendly interface helps traders manage their accounts efficiently and stay informed about their progress through the evaluation phases.

Platforms Offered

Ascendx Capital offers flexibility in trading by allowing traders to use any strategy, including trading with Expert Advisors (EAs) and through news events. They offer two advanced trading platforms: cTrader and DXtrade. cTrader is renowned for its user-friendly interface and comprehensive charting tools, making it an excellent choice for traders who value intuitive design and advanced functionalities. It supports both desktop and mobile applications, allowing traders to manage their trades efficiently from anywhere.

ctrader Platform
cTrader Platform

On the other hand, DXtrade is a versatile platform designed for FX/CFD brokers, providing robust tools for client retention, engagement, and risk management. It features customizable layouts and supports both web and mobile trading, making it adaptable to various trading needs and preferences.

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Dxtrade Trading Platform
DXtrade Trading Platform

Support Offered

Ascendx Capital emphasizes that trader success is their top priority, offering resources and support to help traders achieve their goals. For inquiries, collaborations, or further information, traders can reach out to Ascendx Capital through the contact E-mail channels provided on their website. This support is crucial for addressing any issues or questions that may arise during the trading process.

Knowledge Base

Ascendx Capital offers a knowledge base that includes resources to assist traders in navigating their trading journey. This includes information about their two-phase evaluation process, trading rules, and general trading guidance. While specific educational materials aren’t detailed, traders are encouraged to explore the knowledge base for insights and support in improving their trading skills.

Ascendx Capital Review

Conclusion

Ascendx Capital stands out with its generous 90% profit share and the opportunity to manage up to $500,000 with the scaling plan, offering flexibility with no time limits on evaluation phases. The freedom to use various trading strategies is a definite plus. However, be mindful of the tight drawdown limits and the lack of free retries in the evaluation process. While the firm provides a promising platform for skilled traders, it’s important to understand their policies and ensure they align with your trading style.

7.7Expert Score
Ascendx Capital Rating

Ascendx Capital is a proprietary trading firm offering funding up to $500,000 with a 90% profit share. They provide a two-phase evaluation process with no time limits and allow various trading strategies, including news trading and automated trading.

Programs
8
Conditions
7
Features
8

Ascendx Capital Review

FAQ

How does the Ascendx Capital evaluation process work?

The evaluation process consists of two phases where traders must meet specific profit targets without time constraints to qualify for funded accounts.

What trading platforms does Ascendx Capital support?

Ascendx Capital supports cTrader and DXtrade.

What is the profit share offered by Ascendx Capital?

Ascendx Capital offers a competitive 90% profit share, allowing traders to retain the majority of their earnings.

Are there any restrictions on trading strategies at Ascendx Capital?

Traders who achieve a 10% growth on their trading account can request a scaling increase, allowing them to manage larger capital over time.

Are there any restrictions on trading strategies at Ascendx Capital?

While Ascendx Capital allows a variety of trading strategies, certain practices like arbitrage and high-frequency trading are prohibited.

What are the drawdown limits at Ascendx Capital?

Ascendx Capital enforces a maximum total drawdown limit of 10% and a daily drawdown limit of 4% to encourage effective risk management.
Ascendx Capital Review
Ascendx Capital Review
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