BREAKING NEWS! Introducing the Ascend FX Platinum Account
New Ascend FX Trade Manager Produces Excellent Returns!***
Ascend FX has reached agreement with a highly successful professional Forex trader to manage trades for its newly created Platinum Account clients. This is an exciting new offering for Ascend FX clients that since March 12th has produced excellent returns in real-money accounts. (To protect his personal privacy, our Platinum Manager's name is witheld until new client due diligence is performed.)
The "Platinum" account is a more "aggressively" managed account compared to our previous offerings. The Trade Manager's goal is 0.5% to 2% returns per day, and letting profits run when the opportunity presents itself. Since we began evaluating him in mid-January we have found his winning days outnumber losing days about 5-to-1. His losing days range from -1% to -5%... that is why we consider this an "aggressive" account. We invite you to review his trade history by requesting copies of live account statements.
If you would like to see copies of actual brokerage statements, make your request on the Contact Us page.
*** This historical performance data is documented on live trade statements.
Managed Forex Trading
The Hands-off Way to Benefit from Foreign Currency Trading
Ascend FX enables investors who lack the time, knowledge, and/or trading skills to experience the world's largest and most liquid market in the world. The foreign currency exchange market, or "FOREX", trades $2 Trillion daily and until recently was only available to banks, large currency dealers, and major financial institutions. Today, the Forex is available to the smaller retail traders and speculators hoping to profit from currency trends and fluctuations.
However, it is difficult for most everyone to profit from Forex trading for a variety of reasons. Part-time traders lack the time and resources to compete with the banks and industry insiders. And since the best trading hours start at 2 a.m. CST (the London market opening) and end by 10:30 a.m. CST, it does not naturally fit the typical American's daily routine.
Managed Accounts by Ascend FX: Your Ticket to Ride
Whether you know a little or a lot about Forex trading, Ascend FX can help you reap the benefits of the Forex market by arranging for a skilled Trade Manager to trade your account for you. It can be much better than a full service stock broker because the Ascend FX Trade Managers only earn a "Performance Fee" from the new net profits they generate in your account. In other words, if they don't make you money they don't get paid.
How It Works
- From our New Accounts page, you will open your own forex trading account with our preferred third-party broker. The Ascend FX broker has been independently recognized as one of the best direct-access stock, futures, and Forex brokerages in the United States and is a member of the NFA. This will be a typical personal account between you and the brokerage company.
- Fund your new brokerage account. Your funds remain segregated in your own name and are not co-mingled with other customer accounts. Ascend FX has no access to withdraw money.
- Then simply grant a "Limited Power of Attorney" which enables us to link your account to the Ascend FX Senior Trader's account.
- As the Ascend FX Senior Trader places trades in his account, the same trades are made in your account at the same instant. If his trade size represents 2% of his account balance, the corresponding trade in your account will represent 2% of your account balance.
- Your account's profit/loss performance will match that of the Ascend FX Professional Trader***.
- Thus, our Professional Trader essentially manages your account the same way he manages his own money.
- A performance fee of 25% of new net profits is paid monthly to the Ascend FX Senior Trader. "Net New Profits" means you only pay the performance fee on new highs once. For example, if your account goes from $10,000 to $12,000 the performance fee is $500. If your account goes from $12,000 to $10,000 and back to $12,000 you do not pay another $500. The profits have to be new to your account. No other management fees are ever charged. This performance fee is deducted by the Brokerage firm (Ascend FX can never access the funds in your account). So, the Senior Trader is compensated only if he makes you ever increasing profits.
Advantages of Ascend FX Managed Forex
- Enables individual investors to take advantage of the benefits of Forex trading and add diversity to their investment portfolio..
- Can be profitable in rising or declining currency markets.
- Performance is completely insulated from the stock market. So even if stocks/equities are losing money, trade-able trends and setups may still be present in the Forex market. Your forex account manager has experience in all types of economic trends.
- The Ascend FX professional trader trades his own money in his personal forex account, to which your account is linked to mimic his trade for trade. Consequently, your account should also mimic his performance.
- The trades are constantly monitored by a human who is experienced at adjusting to fast changing market conditions, using stop losses and profit targets to limit risk exposure.
- Your only expense is to share 25% of your new net profits, which he generates for you, with your professional Trade Manager. Note: there may be other third-party expenses such as banking fees, broker commissions, etc.
- No setup fees.
- No withdrawal fees. Deposit/withdraw any time.
- No management fees, only a performance fee.
- Low
$4000$1000 minimum opening account balance. (Temporarily reduced for new "Platinum" account)
** Historical returns are no indicator of future performance. With Forex trading there is always a risk of loss.
*** Accounts with smaller balances ($5,000 and less) may vary slightly from the Trader Manager's account due to rounding of fractional lot sizes
Our Forex Philosophy
The Ascend FX trading methods and philosophy have been developed through years of personal trading experience, watching and learning from other trader's success and failures, and from being a client of other companies' managed account services. We have concluded that successful long-term traders are rare, and we've never found a "computer automated" service that profited as advertised. But there are some forex traders who have that "sixth sense" it seems is required to consistently make long-term profits and manage those geopolitical events that periodically make the currency markets unexpectedly shake. Ascend FX was created to give the investment community access to one such trader who has demonstrated the long term ability to generate above average profits from Forex trading.
All investors want high returns but that usually requires a correspondingly high level of risk. The goal of Ascend FX is to maximize returns and minimize risk to a comfortable level; understanding that these thresholds vary from one investor to another. Ascend FX believes its Senior Trader is able to satisfy these goals.
What can you expect from your Ascend FX Managed Forex Account?
- If you desire, you will be able to watch every trade as it happens from your online computer.
- Your account will not be "over-traded". Keep in mind our Senior Trader is actually trading his own money account and he favors trading when the market moves where he wants it. It's like a baseball hitter waiting for his pitch. There will be days when zero trades are made. If he doesn't get his pitch he'll take a walk. This helps keep his batting average up.
- Trades will NOT be kept open after mid-morning Central Standard Time. The Forex market trades 24 hours per day but the sweet spot occurs between the opening of the London exchange until about 10:00 a.m. of the New York session. Our Senior Trader ends his day at that time and will not leave positions open and exposed to economic or geopolitical "events".
What To Do Next
If you are interested in the Ascend FX Managed Forex Account, we recommend the following steps:
- Explore the Frequently Asked Questions page and all sections of this website.
- Email us from the Contact Us page and ask for the Ascend FX Live Account recent month's trade report to see the latest real money trades and performance.
- If you are interested in opening your Ascend FX (AFX) managed account, you should determine that you have some risk capital that would not adversely affect your family's lifestyle if you were to lose it. Give the AFX managed account a trial with this amount of money until you gain a level of confidence and comfort with this investment vehicle.
- Go to the Open Account page, read and acknowledge the Terms and Conditions, and you will then be presented with the detailed account opening procedures.
- If you have additional questions you can email them from the Contact Us page, or call using the listed phone number.
Risk Disclosure
* Disclaimer: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex market. Don't trade with money you can't afford to lose. This web site is neither a solicitation nor an offer to trade forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and your position will be liquidated and you will be responsible for any resulting losses. Some of the information on this website is provided by third-parties but along with all the content it is put forward in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Ascend FX LLC. CFTC rule 4.41: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.