Details About Ascetic Capital
- Legal Name: The legal name of Ascetic Capital is Ascetic Capital LLC.
- Company Number: The registration number of Ascetic Capital is 2024-001395614.
- Country of Registration: Ascetic Capital is registered in an undisclosed country.
- CEO: The CEO of Ascetic Capital is Jose Diaz.
- Support Mail: You can contact Ascetic Capital at [email protected].
- Phone: The phone number for Ascetic Capital is not publicly available.
- Payment Modes: Ascetic Capital supports payments via Crypto, Credit/Debit Card, Visa, Mastercard.
- Withdrawal Modes: Ascetic Capital facilitates withdrawals through Wise, Crypto.
- Official Website: Visit the official website of Ascetic Capital at https://asceticcapital.com/home.
- Banned Countries: Ascetic Capital does not allow traders from BY, CF, CG, CU, IR, IQ, KP, LB, LY, ML, MM, NI, RU, SO, SD, SY, VE, YE, ZW, SS.
Challenge Details at Ascetic Capital
- Types of Challenge:The challenges offered at Ascetic Capital include One Phase Challenge, Two Phase Challenge.
- Trading Platforms:Ascetic Capital supports trading on Trade Locker, MetaTrader.
- Trading Instruments:Traders at Ascetic Capital can trade Forex, Commodities, Crypto, Stocks, Indices.
- Broker:The broker associated with Ascetic Capital is OspreyFX.
- Max Allocation:The maximum allocation provided by Ascetic Capital is 100,000.
- Scaling:The scaling potential at Ascetic Capital reaches up to 500,000.
- Trading Competitions:Ascetic Capital does not organize trading competitions for traders.
- Free Trials:Ascetic Capital does not offer free trials to its users.
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.
Ascetic Capital Challenge Account Pricing
1-Phase Challenge (Day Trader)
Pricing
Size: 5000 ($40)
Size: 10000 ($67)
Size: 25000 ($53)
Size: 50000 ($98)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
8%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
14%
Daily Loss
N/A%
1-Phase Challenge (Swing Trader)
Pricing
Size: 5000 ($44)
Size: 10000 ($71)
Size: 25000 ($62)
Size: 50000 ($98)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
8%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
14 Days
Daily Loss
N/A%
1-Phase Challenge (Swing Trader) (Swap-Free)
Pricing
Size: 5000 ($53)
Size: 10000 ($89)
Size: 25000 ($71)
Size: 50000 ($125)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
8%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
14%
Daily Loss
N/A%
2-Phase Challenge (Day Trader)
Pricing
Size: 5000 ($50)
Size: 10000 ($67)
Size: 25000 ($53)
Size: 50000 ($98)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
8%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
10%-7%
Daily Loss
N/A%
2-Phase Challenge (Swing Trader)
Pricing
Size: 5000 ($44)
Size: 10000 ($71)
Size: 25000 ($62)
Size: 50000 ($98)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
8%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
10%-7%
Daily Loss
N/A%
2-Phase Challenge (Swing Trader) (Swap-Free)
Pricing
Size: 5000 ($53)
Size: 10000 ($89)
Size: 25000 ($71)
Size: 50000 ($125)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
8%%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
10%-7%
Daily Loss
N/A%
Subscriptions
Pricing
Size: 5000 ($17)
Size: 10000 ($28)
Size: 25000 ($49)
Size: 50000 ($80)
Size: 100000 ($143)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Not Allowed
Drawdown
4%
EA Allowed
EA Not Allowed
News Trading
News Trading is Not Allowed
Profit Target
6%-6%
Daily Loss
N/A%
Frequently Asked Questions
Reviews
No reviews availavle!
Banned Countries by Ascetic Capital
Countries highlighted in red are restricted.