(click on the question for the answer)
What is your trading system/method?
The answer is in the right column of this page == 
How do I monitor my account and what level of detail can I see?
After your new brokerage account is open you will receive access to view real-time trade history and account statements on-line. Simply go to the broker's website, login with your credentials, and select from a variety of reports.
Explain what "new net profits" are as it relates to the performance fee.
"Net New Profits" are profits that take your account to a new all-time high (excluding withdrawals). This means you only pay the performance fee on new highs once. For example, if your account goes from $10,000 to $12,000 in July the performance fee is $500. If your account goes from $12,000 to $10,000 in August and back to $12,000 in September you do not pay another $500. The profits must be new to your account.
Can I withdraw my profits every month if I want to?
Yes. There are no restrictions on how and when you withdraw or deposit funds into your account. It is common for clients to withdraw funds to make estimated or year-end tax payments.
Someday in the future, if the Ascend FX client accounts, in total, get so large it adversely affects the profitability of our trading systems, we may in fact require clients to make monthly withdrawals.
Can the total funds of all Ascend FX managed account clients get so large that it moves the market and makes the system less profitable?
If any market can easily absorb multi-million dollar trades, it is the Forex. Since almost $2 trillion is traded daily it is hard to make much of a ripple. That said, however, the combined magnitude of all Ascend FX client accounts may reach the point where it does adversely affect trade profitability. Should that happen, we may impose a cap on individual account balances and require those who exceed the cap to make monthly profit withdrawals. If a cap were imposed it would be set to at least $200,000 to $300,000 USD for all accounts, and accounts with higher balances would be capped at their all-time high. This is not something we are concerned with at this time, but we have discussed it.
Why is the minimum opening account deposit so low? Most managed forex programs have much higher minimums?
For now we want to make successful Forex investing available to as many investors as possible, and expect when a "minimum deposit" investor "sees it and believes it" they will add money to their account. When the number of Ascend FX clients grows to the point it strains the capacity of our staff to service all of them, we will likely raise the new account minimum accordingly.
How long has Ascend FX been offering Managed Forex Accounts?
Ascend FX was launched in February 2008.
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.