Ascendx Capital Prop Firm Review – Ascendx Capital Prop Firm Strives to be the world’s premier professional proprietary firm. They offer a variety of funding options whereby traders can choose which challenge suits them best. Of course, not every trader out there can afford the requirements for trading, so they have been offering a range of options. This article will review how Ascendx Capital strives to foster proprietary trading and push the boundary on what is possible in the financial markets. It builds the best trading community and arms committed traders with the resources and support one needs to succeed. Their commitment is to building an environment that nurtures traders’ growth and success. In this article we will review all you need to know about Ascendx Capital Prop Firm.
Review of Ascendx Prop Firm Services and Target Market
The review on Ascendx capital features a number of funding programs, where both beginner traders will find positions to gain experience and professional traders will enjoy larger pools of capital. Among the firm’s services are a well-structured evaluation process that will check the trader’s risk management, consistency, and profitability. Later, after assessment, traders will be given live trading accounts and will share their profits based on performance.
Key Services of Ascendx Prop Firm:
- Evaluation Programs: A set of programs specifically put in place to evaluate and validate trading skills.Â
- Funded Accounts: After evaluation, traders have access to capital.Â
- Profit Split: It offers very competitive profit sharing, enabling traders to retain a larger portion of the profits.Â
- Risk Management Tools: Programs put in place to ensure that traders operate within risk limits.
Reputation And Industry Standing
In the proprietary trading business, Ascendx Capital prides itself on being one of those companies that leads with core values in transparency and trader development. With clear rules guiding every step, competitive profit splits, and trader-friendly policies, it is highly regarded in the industry. By focusing on building long-term relationships with traders through education and ongoing support, it is rapidly increasing its presence in the prop trading community. Ascendx Capital stands out with flexible accounts, a supportive evaluation process, and a strong focus on trader success.
Evaluation Process of Ascendx Capital Prop Firm
Ascendx Capital evaluation process aims to put a trader’s acumen, consistency, and risk management ahead of taking a trader into firm capital. This might be an important step that will ensure only disciplined and capable traders access the funded accounts. Below are some of the stages involved in this regard, key among them being;
Application and Account Setup
Traders begin a trading activity by selecting an appropriate evaluation plan that best suits their trading objectives and preferred account size. Upon One registration, the trader is given access to a demo account where his performance is tracked. The traders also pay an initial fee for taking part in the evaluation process. This fee will depend on the size of the account selected.
Profit objective
Traders need to achieve a specific profit target within a set timeframe, typically 30-60 days, demonstrating their ability to generate consistent returns. Normally, this will be some predetermined amount related to the account size that a trader chooses at the time of signing up for the program. For example, a trader opens an account with $100,000 and must make a 10% profit based on the starting balance. Traders should have strict drawdown limits during this phase: intraday and all over for discipline in risk management.
Consistency and Risk Management
Once the profit objective is reached, traders will have to show consistency in keeping risk appropriately. Traders should not take excessive risk by not exceeding predefined maximum daily loss limits or total drawdowns. Traders should have consistent returns without extreme variances and must not be overly aggressive. This phase seeks to ensure that the trader can handle the market for a longer period. Generally, any trading strategy is acceptable in Ascendx, but one must prove that his trading strategy works and will work in live market conditions.
Risk Management Rules
- Daily Drawdown: The maximum amount that a trader is allowed to lose on one trading day.
- Â Total Drawdown: It is the total loss amount that a trader can have from the starting account balance within the period under evaluation.
- Position Sizing: Traders must keep their position size under control so that the risk per account size is not too high.
Completion and Evaluation Review
After both stages are complete, the performance of the trader is reviewed by Ascendx Capital based on consistency, risk management, and adherence to rules. Traders who meet all the criteria, including the profit target, risk management rules, and minimum trading days, are notified of their success.
Live Account Funding
Upon successful completion of the evaluation, traders are offered a funded account to trade with real capital. The firm has very competitive profit splits, allowing traders to take in a lion share of the profits, which can go up to 70-90% at times.Â
Rules and Requirements of Ascendx Prop Firm
- Daily Loss Limit: There is a daily loss limit of 4% protection of your account. The calculation will be based on the start balance for each trading day, MT5 daily drawdown resets at 00:00, and C-Trader daily drawdown resets at 01:00.
- Maximum Loss Limit: The maximum total loss is 10% of the initial starting balance. If your account balance or equity drops to $90,000 on a $100,000 account, the platform will close all of your trades and may terminate the account.
- Stop Loss and Take Profit: This is not required, but if one wants to manage the risks comprehensively, stop loss and take profit orders need to be placed. That will help you set goals for profit and protect positions.
- Expert Advisors: EAs are permitted, along with those applying virtual or hidden stop loss and take profit levels.
Trading Platforms of Ascendx Prop Firm
- NinjaTrader
- TradingView
- MetaTrader 5
- CQG
Trading Instruments
- Indices
- Cryptocurrencies
- Commodities
- ForexÂ
Pros of Ascendx Capital Prop Firm
- Profit targets percentage of 7% : Ascendx happens to be the lowest prop firm profits percentage but the easiest to get.
- High Profit splits: Ascends is one of the highest paying pro firms in terms of profits splits. They offer profits as high as 90%.
- Flexible trading conditions: You can trade without time during the evaluation process and it will provide you greater flexibility and also help in trading within your strategies pace.
- Customer support services: Efficient and responsive customer care.
Cons of Ascendx Capital Prop Firm
- Entry cost: is slightly higher For example, a $200,000 account costs around $1080, which may be slightly more expensive than some other prop firms​. But they actually beat the score here by giving you some discounts.
- Strict Drawdown Limits: Ascendx are very strict on their rules especially when it comes to their drawdown limits
Frequently Asked Questions (FAQs)
What is Ascendx Capital Prop Firm?
Ascendx Capital prop firm is more than just a proprietary trading firm. We are a community of traders, analysts, and innovators dedicated to delivering an unparalleled trading experience to our members.
How does Ascendx ensure fair trading practices?
They ensure fair trading practices by implementing strict rules such as, minimum holding time, news trading restrictions and lots limits breaches.
