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AscendX: Is It a Scam? Evaluating the Emerging Funding Company

What is Ascendx Capital?

Ascendx Capital is a cutting-edge proprietary trading firm based in London, UK, established in 2021. In just six months, Ascendx Capital has distinguished itself by consistently providing exceptional service and achieving notable milestones that set it apart in the trading industry. The firm is dedicated to empowering traders by offering access to substantial trading capital, advanced trading tools, and a supportive environment designed to foster long-term success.

Key Achievements

Consistent Payouts

Ascendx Capital prides itself on consistently paying out to its traders, ensuring reliability and trust. The firm conducts multiple payouts daily without any reported incidents, highlighting its commitment to transparency and trader satisfaction.

Brokerage Acquisition

Ascendx Capital is in the advanced stages of acquiring its own brokerage, with the final agreements expected to be signed soon. This accomplishment will be a significant milestone, showcasing the firm’s rapid growth and strong foundation.

Investment in Advanced Platforms

The firm has invested significantly in providing traders with top-notch trading platforms. Currently, Ascendx Capital supports cTrader and will soon introduce DXtrade, Tradelocker, and MetaTrader 5 (MT5) again. This diverse range of platforms ensures that traders have access to the best tools available in the market.

Comprehensive Market Access

Ascendx Capital offers trading in various markets, including CFDs, live market trading, and spread betting. This extensive market access enables traders to diversify their portfolios and explore different trading opportunities.

Customer Compensation

In instances where there were delays due to issues with MT5, Ascendx Capital took the initiative to add a 0.5% increase to the balance of all affected users. This proactive approach to customer service sets Ascendx Capital apart from other funding firms, which did not offer any compensation for similar issues.

Evaluation Process

Evaluation Phases

Ascendx Capital employs a structured two-phase evaluation process designed to assess traders’ skills and consistency:

  • Phase 1: Traders must achieve a 7% profit target while adhering to a maximum daily loss limit of 4% and an overall loss limit of 10%. There are no specific minimum or maximum trading day requirements, allowing traders to progress at their own pace.
  • Phase 2: Traders need to reach a 5% profit target with the same risk management rules as Phase 1. Successfully completing these phases qualifies traders for a funded account.

Funded Accounts

Upon successful completion of the evaluation phases, traders receive a funded account with features such as a 90% profit share, which can increase as traders grow their accounts. Ascendx Capital also offers a scaling plan that allows traders to increase their account balance up to $400,000, providing ample growth opportunities.

Benefits of Trading with Ascendx Capital

Access to Significant Capital

Ascendx Capital offers traders access to trading accounts ranging from $10,000 to $200,000, with potential scaling up to $400,000. This access to substantial capital allows traders to maximize their trading potential without risking their personal funds.

Advanced Trading Tools and Resources

The firm supports trading on popular platforms like MetaTrader 5 (MT5) and cTrader. Additionally, Ascendx Capital plans to introduce DXtrade and Tradelocker, enhancing the trading experience with advanced tools and features.

Comprehensive Support and Education

Ascendx Capital provides extensive support to its traders, including educational resources, personalized mentorship, and a detailed trader dashboard. The firm emphasizes continuous learning and development, ensuring that traders can refine their strategies and improve their performance over time.

Exclusive Offer

Ascendx Capital is currently offering a 50% discount, making it the best-priced option in the market. This offer provides an excellent opportunity for traders to join a leading proprietary trading firm at a highly competitive rate.

Reviews and Testimonials

Trader Experiences

Traders have reported positive experiences with Ascendx Capital, highlighting the firm’s supportive environment, fair profit-sharing structure, and comprehensive support. Many traders appreciate the flexibility and opportunities provided by the firm’s evaluation and scaling plans.

User Reviews and Ratings

Ascendx Capital has received favorable reviews on various platforms, with users praising its accessible capital, advanced trading tools, and professional support. The firm’s commitment to innovation and trader success has earned it a strong reputation in the prop trading industry.

can we trust in ascendx?

Ascendx Capital stands out as an excellent choice for traders seeking to trade with significant capital without risking their own funds. With a rigorous evaluation process, access to advanced trading tools, a competitive profit-sharing structure, and an unprecedented growth trajectory, Ascendx Capital offers a promising pathway for serious and dedicated traders.

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