Detailed Guide on AscendX Capital Trading Challenge

Consider you're a trader ready to make that leap into serious trading, but you're faced with a maze of options and challenges designed to trip you up. You’re not alone. Many aspiring traders face similar hurdles when trying to navigate the world of prop firms, especially with the rigorous prop firm challenges that test your skills and strategy before granting access to capital. The good news? You can learn from the best. This guide will spotlight AscendX Capital, a leader in the industry, and provide valuable insights to help you trade efficiently with a funded trading account.
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Meet the AquaFunded solution: the funded trading program. This innovative tool allows you to hone your skills while minimizing risk so you can focus on what matters—trading efficiently and confidently.

What Is AscendX Capital?

AscendX Capital isn’t just another player in the prop trading industry; it’s a beacon of innovation and fairness. From the moment traders step into the evaluation process, they encounter a structure designed with their success in mind. The firm stands out with competitive profit splits and transparent payout processes. This isn't mere lip service; these are realistic evaluation targets set by traders for traders. 

AscendX Capital offers a clear path from evaluation to funded status. The goal is to provide the support and flexibility traders need to reach their full potential. With industry-leading conditions and unmatched profit opportunities, AscendX Capital allows traders on their financial journey.

Funding Opportunities and Profit Sharing

AscendX Capital offers traders a powerful incentive: the chance to secure funding up to $200,000. This isn’t just about the money, though. The firm provides an industry-leading profit share of 90%, which means traders keep more of their hard-earned profits. The emphasis is on flexibility and favorable trading conditions. AscendX Capital’s ultimate goal is to support traders on their journey to financial independence. It’s a partnership where both sides win.

Key Features of AscendX Capital Trading Challenge

Phase 1: Initial Assessment - A Flexible Start

1. Minimum Trading Days

Kick off the challenge by trading for at least two days. This ensures you establish a baseline of activity, but it’s not overly restrictive.   

2. Profit Target

Your goal here is a 7% profit. It’s achievable yet challenging enough to test your skills. 

3. No Time Limits

You can trade without a ticking clock. This phase lets you select your preferred instruments and focus on performance rather than speed.

Phase 2: Final Challenge - Prove Your Skills

4. Profit Target

Completing Phase 1 means you now aim for a 5% profit. It’s straightforward but requires precision.

5. Trade at Your Own Pace

Again, there are no time constraints. This lets you approach the market calmly and showcase your skills when ready.

Challenge Flexibility - Options for All Traders

6. 1-Step Challenge

This is your go-to option if you seek a quicker account funding path.

7. 3-Step Challenge

Would you prefer a more measured approach? This version lets you progress gradually, aligning with your trading journey.

8. Platform Variety

Previously focused on MT5 and cTrader, AscendX has expanded to include DXTrade and TradeLocker. This means more options to fit your trading style.

Generous Profit Split - Enjoy 90% of Your Earnings

9. High-Profit Share

AscendX offers a 90% profit split during the funded stage. This generous policy allows you to withdraw your earnings every two weeks.

Trade Without Time Limits - Focus on Strategy

10. Flexible Environment

Trade without time constraints. Make informed decisions at your own pace, enhancing your chances for success.

Low-Profit Targets - Achievable Goals

11. Competitive Targets

With profit targets set at 7% and 5%, AscendX offers some of the lowest requirements in the industry. This makes for an attractive and achievable setup.

Fast Payouts - Quick Access to Your Earnings

12. Speedy Transactions

Expect payouts within an average of four hours. Multiple payment gateways ensure efficient and prompt access to your funds.

Monthly Competitions - Win and Learn

13. Exciting Challenges

AscendX hosts free monthly competitions. Win exciting prizes and a free evaluation account while adding an element of fun to your trading experience.

Affordable Trading Environment

14. Low Commissions and Spreads

Enjoy a cost-effective setup with low commissions, tight spreads, and fast execution speeds, which help maximize your profits.

Trade Without Restrictions - Freedom to Succeed

15. Strategy Flexibility

Use any strategy, including EAs and news trading. AscendX provides complete freedom in your trading approach.

Funding Options and Costs

16. Account Sizes and Prices

• 200k Account: $1134, 90% profit share, 7% Phase 1 target, 5% Phase 2 target, max drawdown 10%, max daily drawdown 4%.
• 100k Account: $647, 90% profit share, 7% Phase 1 target, 5% Phase 2 target, max drawdown 10%, max daily drawdown 4%.
• 50k Account: $372, 90% profit share, 7% Phase 1 target, 5% Phase 2 target, max drawdown 10%, max daily drawdown 4%.
• 25k Account: $242, 90% profit share, 7% Phase 1 target, 5% Phase 2 target, max drawdown 10%, max daily drawdown 4%.
• 10k Account: $120, 90% profit share, 7% Phase 1 target, 5% Phase 2 target, max drawdown 10%, max daily drawdown 4%.

AquaFunded: A Game-Changer for Traders

AquaFunded is a Dubai-based funded trading program that allows traders to access large capital accounts and earn up to 95% profit splits. The company provides a unique funding model with easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for the first payout in just 7 days. AquaFunded caters to traders of all experience levels, from beginners to those with a few years of experience, who want to trade with reduced risk using the firm's capital instead of their own. 

With its competitive features and UAE-based operations, AquaFunded aims to stand out in the crowded prop trading market and provide a trustworthy platform for traders looking to scale their profits. Get started with AquaFunded's funded trading program today!

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AscendX Capital Challenge Vs. AquaFunded Challenge

AquaFunded’s Two-Phase Challenge: A Flexible Approach for All Traders

AquaFunded’s two-phase challenge is designed to accommodate traders of varying experience levels. This platform offers account sizes ranging from $5,000 to $200,000, allowing traders to choose according to their comfort level and skill set. For standard accounts, the challenge requires an 8% profit target in the first phase and 5% in the second, with a maximum drawdown between 6% and 8%. This setup allows for a gradual increase in difficulty, making it accessible to novice and seasoned traders. 

AquaFunded also supports traders with features like automated trading strategies, copy trading, and bi-weekly withdrawal options. Moreover, traders can scale up their accounts by 25% every three months if they maintain a 12% profit within that period, providing growth opportunities for successful participants.

AscendX Capital’s One-Step Challenge: A High-Stakes Option for Experienced Traders

AscendX Capital’s one-step challenge is designed for advanced traders who want to access more considerable capital quickly. This platform typically has a higher profit target than AquaFunded, but the challenge only consists of one phase. AscendX Capital’s challenges focus on high profitability with incentives for fast completion, which can appeal to experienced traders aiming to access more considerable capital quickly. 

Their profit splits and rules also favor efficient trading with options to scale up account size if specific criteria are met. AscendX focuses on providing capital and scaling options for highly skilled traders. At the same time, AquaFunded caters to new and experienced traders by offering multiple account sizes and risk management flexibility.

Pros and Cons of AscendX Capital

High-Profit Split: Enjoy the Rewards

AscendX Capital gives you a generous 90% profit split. This is great for traders who want to see their hard work pay off. Consider getting to keep almost all of your earnings. It makes the effort worthwhile and keeps you motivated.

Achievable Targets: Set Yourself Up for Success

Meeting the evaluation targets with AscendX Capital is realistic. They don’t set the bar too high. This means you can focus on your strategy without feeling overwhelmed. Once you reach these goals, there's a clear path to maximize your trading potential.

Fast Payouts: Get Your Money Quick

Nobody likes to wait for their earnings. AscendX Capital processes payouts quickly. This means you can access your profits without delay. It's a relief to know you won’t be left hanging.

No Time Limits: Trade at Your Own Pace

With AscendX Capital, there are no time constraints on trading. This freedom allows you to trade when it’s right for you. You can plan your moves without any pressure. It's great to have this flexibility.

Flexible Strategies: Trade Your Way

AscendX Capital allows for flexible trading strategies. You can adapt and choose what works best for you, so you're not tied down to style. Being able to switch things up is a big plus.

Strict Management Rules: Mind the Details

AscendX Capital has strict account management rules, which might make some traders feel restricted. You must stay on top of your game and follow the guidelines, which can add pressure if you must be more careful.

Prohibited Strategies: Limitations to Consider

Some trading strategies with AscendX Capital are off-limits. This could be a downside if you rely on specific methods. Being aware of these limitations is crucial. You’ll need to adapt your approach accordingly.

No Third-Party Payments: Handle Payments Directly

You can't use third-party payments with AscendX Capital. This means all transactions must go through you directly. It can be inconvenient if you prefer other options. You'll need to factor this into your plans.

Limited Access: Know Where You Can Trade

AscendX Capital is only available in certain countries. You will only be able to use their services if you're in one of these locations, so it's important to remember this before getting started.

Verification for EAs: Prepare for Extra Steps

If you use Expert Advisors, you must undergo a verification process. This adds an extra step to your setup. It might take some time, so plan accordingly.

7 Tips On How To Pass AscendX Capital Challenge

1. Know the Rules Inside Out

First things first, get cozy with the rules of the challenge. Understand the limits, like max drawdown and daily losses. You don’t want to be caught off guard here. Masi Hashemi, co-founder of The Funded Trader, points out that you should structure your plan around these rules. Plan when to close positions to avoid hitting those limits.

2. Craft a Solid Trading Plan

A good trading plan is your blueprint. Set your entry and exit points, and immediately stop losses and profit targets. This will keep you from making impulsive trades. Steven Hart, a trading educator, compares a trading plan to a GPS—essential for reaching your destination.

3. Nail Risk Management

Keep your risk in check by limiting it to 1-2% of your account on each trade. Position sizing and stop-losses are your best friends here. Trading psychologist Mark Douglas suggests viewing each trade as just one of many so that no single trade can hurt your account too much.

4. Stay Patient and Avoid Overtrading

Overtrading can lead you down a risky path. Focusing on fewer, high-quality trades that align with your strategy is better. Mike Bellafiore, co-founder of SMB Capital, talks about the importance of patience. Waiting for the proper setup can make a big difference.

5. Consistency is Key

Stick to one well-tested strategy. It’s tempting to jump around when things aren’t going well, but consistency builds confidence. According to Adam Grimes, a trading strategist, a single well-executed trading strategy will outperform frequently changing strategies.

Learn from Every Trade

6. Take the time to review your trades regularly. 

A trading journal can help you spot patterns and improve your decision-making. Brett Steenbarger, a trading psychologist, recommends self-reflection to identify strengths and weaknesses.

7. Keep Your Emotions in Check

Trading is as much about mindset as it is about strategy. Confidence helps you stay steady during both winning and losing streaks. Professional trader Tom Hougaard emphasizes mental resilience. Handling losses without letting them affect your next trade is crucial.

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Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.

AquaFunded, a Dubai-based trading program, offers access to large capital accounts and up to 95% profit splits. It uses a unique funding model with easy-to-achieve 8% profit targets and fast, bi-weekly payouts, with the option for the first payout in just 7 days. 

AquaFunded caters to traders of all experience levels, from beginners to those with a few years of experience, who want to trade with reduced risk using the firm’s capital instead of their own. With its competitive features and UAE-based operations, AquaFunded aims to stand out in the crowded prop trading market and provide a trustworthy platform for traders looking to scale their profits.

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