How Do I Get Started With Ascendx Capital?

Start your journey with Ascendx Capital by signing up with us at – https://app.ascendxcapital.com After signing up to our dashboard, navigate to Funding Evaluations tab. From there, you will be able to purchase your evaluation starting from $10K – $200K. After your evaluation is purchased, our system will send your account credentials to your email address..

Am I Trading With Real Funds in Ascendix Capital?

Ascendx Capital provides traders with simulated assessment accounts, you are not trading real funds. These accounts are used to evaluate and identify effective trading strategies. Passing the assessment allows you to continue trading in a simulated market environment and earn performance fees as an Ascendx Capital funded trader. This helps ensure that traders can demonstrate their skills and strategy effectiveness before trading with real funds.

How Much Leverage Is Offered in Ascendix Capital?

We provide leverage of up to 1:100 on our simulated trading accounts. This means that for every $1 in your trading account, you can influence a position size of up to $100. We urge traders to exercise responsibility and remain cognizant of the risks associated with leverage and its impact on trading performance. While no actual capital is at risk in our assessments or Qualified Trader accounts, it’s crucial to recognize that leverage can significantly affect your trading strategy. Being mindful of the potential benefits and pitfalls of leverage is fundamental to sound trading practices.

How Long Does The Evaluation Stage Last in Ascendix Capital?

The time period for Ascendx Evaluation accounts does not have any specified time limits imposed on reaching the trading targets for each phase. You have the flexibility to take as much time as you need to trade the account, whether it takes you 1 month or 1 year. There is no expiration date for the account. This means you have the freedom to trade at your own pace without time constraints within the evaluation period.

What Is The Required Profit Target To Pass The Evaluation Stage in Ascendix Capital?

The required profit targets for each phase of the evaluation are as follows: ● Phase 1: 7% total profit target ● Phase 2: 5% total profit target These targets are calculated based on the initial starting balance of the account. For example, if your starting balance is $100,000, the Phase 1 profit target would be $7,000. To pass, your account balance must reach $107,000, including account equity, meaning all positions must be closed.

I Passed The Challenge in Ascendix Capital, What's Next?

Once you have completed your stage 2 Evaluation, you will automatically be emailed with a trading objective complete email & a link to complete a KYC. The duration from completing the stage 2 objectives to receiving your qualified trader credentials is a maximum of 5 working days. This is to ensure the team have adequate time to check the account correctly met the objectives without using prohibited trading strategies or violating any of the other restrictions set out in this help center.

What payment methods are available for performance fees in Ascendix Capital?

Performance fees can be received through bank wire transfer via Wise. We have also forged a partnership with a deliverable FX institution, providing our clients with the benefit of a favorable exchange rate fee when receiving their performance fees in their domestic currencies. To initiate requests for performance fee payouts, please submit them through your dashboard profile. Additionally, we accept cryptocurrencies such as BTC, USDC, ETH, and XRP as alternative forms of payment for performance fees. This flexible approach ensures that traders have multiple options for receiving their earnings in a manner that best suits their preferences and needs.

Can I Hold Positions Over the Weekend in Ascendix Capital?

Yes, you can hold trades over the weekend.

Can I trade through high impact news on qualified accounts in Ascendix Capital?

Indeed, it’s important to acknowledge that trades initiated shortly before a news event and swiftly closed, particularly those with fills that appear unrealistic within the simulated trading environment, may be subject to invalidation. I would like to emphasize that the objective is not to jeopardize your account; rather, trades that are found to breach realistic fill expectations during high-impact news events may be invalidated. This measure aims to ensure fairness and integrity in our trading environment.

Two-Phase Challenge / Funded Rules in Ascendix Capital?

Account Type: Two-Phase Challenge Profit Target: 7% and 5% Daily Loss Limit: 4% (Can be removed after your first payout if requested, account must be 60 days old) MT5 daily drawdown resets at 00.00 C Trader daily drawdown resets at 01.00 Maximum Loss Limit: 10% Time Limit: No Limit Scale Target: 10% Scale Limit: $400,000 for all accounts Are EAs Allowed: yes Is Copy Trading Allowed: Yes

What can I Trade in Ascendix capital?

You can trade the following assets: FX (Forex) Commodities Indices Cryptocurrencies

Is There A Lot Size Limit in Ascendix Capital?

Lot Size Limits on Qualified Accounts. Firstly, these limits only apply to Funded Accounts. Below are the Lot size limits per Account Size : $10,000 = Max 5 $25,000 = Max 10 $50,000 = Max 25 $ 100,000 = Max 50 $ 200,000 = Max 100 A breach of the max lot limit will result in a forfeit of all Profits made on the account during the 14 Day Payout cycle. However the account will remain Live.

What Is The 2 Minute Average Trade Duration Rule in Ascendix Capital?

We have a requirement that the average duration of all your trades should be greater than 2 minutes. You can access this information on your dashboard by navigating to the “account metrics” page and clicking on the “insights” tab. To clarify, we do understand that some trades may have durations of less than 2 minutes, and that is acceptable. Our primary requirement is that the majority of your trades and the average duration of all trades should exceed 2 minutes. If you successfully pass the assessment but are found to be in breach of this rule, we will offer you a free opportunity to retake that stage in order to meet the trading objectives. This policy is implemented to prevent Tick scalping and high-frequency traders from attempting to manipulate our price feed, which we provide in good faith.

Are There Free Retakes in Ascendix Capital?

Ascendx Capital does not offer free retries, as the evaluation programs provide unlimited trading days without time restrictions. This means that your account will not expire in profit in order to be eligible for a free retry. This approach offers traders more flexibility and opportunities to succeed in their trading journey without the pressure of time constraints.

What Happens If I Violate A Rule in Ascendix Capital?

The consequences of violating a rule depend on the specific rule you breach. Some rules are classified as soft breaches, while others are hard breaches that result in account failure. Certain rule violations can lead to a complete ban from our platform and funding. We strongly recommend thoroughly reading through our help center to ensure you understand the requirements and rules. Real capital is at stake, and if you aim to secure funding of any level up to $200,000, it is imperative to take this seriously and invest the time to understand the rules, objectives, and requirements.

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