Company Information

Company Name: Ascetic Capital
Company Legal Name: Ascetic Capital LLC
Company Registration Number: 2024-001395614
Operating Since: July 8, 2024
CEO Name: Jose Diaz

Challenge Details

Ascetic Capital offers three type of challenges, 1-Phase Challenge, 2-Phase Challenge and Subscriptions.

1-Phase Challenge:-

Pricing:

Day Trader	Swing Trader	Swing Trader(Swap-Free)
$5000 : $40	$5000 : $44	$5000 : $53
$10,000 : $67	$10,000 : $71	$10,000 : $89
$25,000 : $53	$25,000 : $62	$25,000 : $71
$50,000 : $98	$50,000 : $98	$50,000 : $125

Rules:

Profit Target: 14%
Total Loss: 8%
Daily Loss: 0%
Profit Share: 50% of the generated profit (can be accessible after $10,000 profit withdrawal and 90% profit split)
Drawdown Type: End of Day (EOD) Static Drawdown
Time Limit: Unlimited
Leverage: 1:20
Max Lot Size: No limit
Payout Frequency: Every 5 days, or daily after a $10,000 profit
Allows Copy Trading: No
Min Trading Days: 5

2-Phase Challenge

Pricing:

Day Trader	Swing Trader	Swing Trader(Swap-Free)
$5000 : $40	$5000 : $44	$5000 : $53
$10,000 : $67	$10,000 : $71	$10,000 : $89
$25,000 : $53	$25,000 : $62	$25,000 : $71
$50,000 : $98	$50,000 : $98	$50,000 : $125

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 7%
Total Loss: 8%
Daily Loss: 0%
Profit Share: 50% of the generated profit (can be accessible after $10,000 profit withdrawal and 90% profit split)
Drawdown Type: EOD Static Drawdown
Time Limit: Unlimited
Leverage: 1:20
Max Lot Size: No limit
Payout Frequency: Every 5 days, or daily after a $10,000 profit withdrawal
Allows Copy Trading: No
Min Trading Days: 5

Subscriptions

Pricing:

$5,000 Account: $17
$10,000 Account: $28
$25,000 Account: $49
$50,000 Account: $80
$100,000 Account: $143

Rules:

Profit Target (Phase 1): 6%
Profit Target (Phase 2): 6%
Total Loss: 4%
Daily Loss: 0%
Profit Share: 50% of the generated profit (can be accessible after $10,000 profit withdrawal and 90% profit split)
Drawdown Type: EOD Static Drawdown
Time Limit: Unlimited
Leverage: 1:20
Max Lot Size: No limit
Payout Frequency: Every 5 days, or daily after a $10,000 profit withdrawal
Allows Copy Trading: No
Min Trading Days: 5

Scaling Plan

Ascetic Capital offers a really unique scaling plan with a maximum scaled up limit of $500,000 per account. While there's no eligibility criteria, traders who show consistent profitability can request account scaling.

Spreads and News Trading Rules

Spreads:

Ascetic Capital aligns its spread structure with that of OspreyFX broker. Traders can view live spreads directly on OspreyFX’s website.

News Trading Rules:

Ascetic Capital does not allow traders to trade before and after 5 minutes of a high-impact news event. During this 10 minutes window, traders are strictly prohibited to trade in any affecting pair and doing so can lead to account breach.

Other Important Rules

Daily Drawdown Calculation:

Ascetic Capital does not put any daily drawdown limit on any of their challenges.

Countries Banned from Purchasing:

Ascetic Capital restricts certain countries from accessing its services and the list includes:

Belarus
Burma (Myanmar)
Central African Republic
Congo (Democratic Republic)
Cuba
Iran
Iraq
Lebanon
Libya
Mali
Nicaragua
North Korea
Russia
Somalia
South Sudan
Sudan
Syria
Venezuela
Yemen
Zimbabwe

Prohibited Trading Strategies:

Ascetic Capital a list of prohibited trading strategies, practicing any of these strategies can result in hard breach, account termination or permanent ban from Ascetic Capital. These strategies include :

Gap trading
High-frequency trading
Server spamming
Latency arbitrage
Toxic trading flow
Hedging
Long-short arbitrage
Reverse arbitrage
Tick scalping
Server execution exploitation
Trading between connected accounts
Copy trading
Account management by external vendors

Payout Methods

Ascetic Capital provides three payout options:

Wise
Gusto
Crypto

Trading Commissions

Ascetic Capital’s trading commission structure matches OspreyFX’s rates. Traders can check specific commission rates on OspreyFX’s FAQ page at OspreyFX Commission Rates.

IP Rule

Ascetic Capital allows traders to access their accounts from multiple IP addresses as long as they are not from one of the banned countries.

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