Purple Trading Seychelles

Ascendx Capital

Ascendx Capital offers a unique prop trading experience with exceptional trading conditions, including funding up to $200,000 and a 90% profit share on earnings. 

The firm distinguishes itself with flexible trading options, unlimited trading days, low profit targets, fast payouts, and a comprehensive trading dashboard. 

Traders can participate in monthly competitions and trade without restrictions using any strategy or trading through news events. 

Ascendx Capital also emphasizes low commissions and spreads, enhancing the trading experience.

## About Ascendx Capital

### Official company name:

Ascendx Capital LTD

### Company address:

77 Marsh Wall, London E14 9SH, UK, England E14 9SH, United Kingdom

### Year of establishment:

Not specified.

### Place of company registration:

United Kingdom

### Company owners:

Scott

### Trading platforms offered:

cTrader

## Trading instruments available:

- FX (Forex)
- Commodities
- Indices
- Cryptocurrencies

## Payment methods available:

- Bank wire transfer via Wise
- Cryptocurrencies: BTC, USDC, ETH, XRP

## Range of account sizes offered:

- $10,000
- $25,000
- $50,000
- $100,000
- $200,000

## Profit split structure:

90% profit share on earnings.

## Profit targets for each challenge phase:

- Phase 1: 7%
- Phase 2: 5%

## Maximum daily and total loss limits:

- Max Drawdown: 10%
- Max Daily Drawdown: 4%

## Minimum and maximum trading day requirements:

- Minimum trading days: 2
- No maximum trading days

## Overview of challenges and general rules:

- Up to 1:100 leverage for every phase
- Unlimited trading days
- Profit share: 90% for a funded approved account
- News trading allowed
- Hold over weekend allowed
- Use of EAs allowed

## Challenge steps:

- Phase 1: Minimum 3 days trading, 7% profit target
- Phase 2: 5% profit target

## Pricing/costs to start challenges:

- $200,000 account: $1080
- $100,000 account: $588
- $50,000 account: $354
- $25,000 account: $230
- $10,000 account: $114

## Fees & commissions:

- Commissions: $5/round lot for all phases and when funded

## Refundable fees details:

Fees on challenges will be refunded upon successfully passing both stages of the evaluation and maintaining the account until your first payout is eligible.

## Free trial availability and details:

Free trial doesn't exist.

## Payout frequency:

Payouts can be requested every 2 weeks.

## Leverage:

Up to 1:100 leverage for every phase.

## Consistency rule:

Not specified.

## Commission per lot:

$5/round lot.

## Customer support options and details:

- 24x7 Support Center
- Phone: (+44) 020 3838 2093
- Email: [info@ascendxcapital.com](mailto:info@ascendxcapital.com)

## Positive Trust Pilot reviews:

Advantages & Disadvantages (according to Trustpilot)

**Advantages:**

- Exceptional Customer Service: Quick responses to queries, available 24/7 on Discord, resolving issues efficiently.
- Transparency: CEOs actively communicate with traders, including video updates and transparent balance sheets for payouts.
- Fast Payouts: Same-day payouts with a favorable 90-10 profit share split.
- Zero Slippage: Maintains a trading environment with near-zero slippage, even during high-volatility events.
- Professionalism: High level of professionalism, with friendly and active CEOs fostering trust and community engagement.

**Disadvantages:**

- Slow Onboarding Process: KYC and contract signing take up to a week, leading to delayed payouts.
- Low Leverage: Limited leverage on Gold, restricting the maximum lot size on accounts.
- High Spreads: Notably high spreads on Gold during certain trading sessions, compounded by additional commissions.
- Delayed Account Setup: Significant delays in setting up MT5 accounts, with poor communication and support response.
- Frequent Migrations: Ongoing migrations to different servers/brokers disrupt trading, especially for swing traders.

## Negative Trust Pilot reviews:

Included in disadvantages.

## Frequently asked questions:

- Can trade through high impact news on qualified accounts.
- Leverage offered is up to 100:1.
- No maximum lot size limits during the challenge phase; specific limits apply to qualified accounts.
- Prohibited trading strategies include arbitrage, latency trading, high-frequency trading, reverse trading, and group hedging.
- Emphasizes policy against "all or nothing" trading strategies.
- Time period for evaluation accounts has no specified time limits.
- Performance fees can be received via bank wire transfer or cryptocurrencies.
- No free retries due to unlimited trading days.

## Disclaimer:

Ascendx Capital provides simulated assessment accounts, not real funds. It is not affiliated with AscendEX Crypto exchange or any other company with a similar name.

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Ascendx Capital - 200K - 2 Steps - 90%