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:

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:

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.