Post
Topic
Board Exchanges
Topic OP
Beware of Ascendex
by
vanhalendlrband
on 25/08/2025, 12:47:47 UTC
I have two brutal experiences that have cost me money on this site

1. I had a 10x margin i only used half the leverage on so 5x essentially right? They give me a trading bonus which i thought was great. Until i tried to use it. It somehow made my leverage equal to a 100x and there was no use trying to explain it to these guys most likely they already knew their bonus was garbage. Simple math with a calculator could show them how far above a 10x leverage it was (if i used the full leverage even which again i used only half of the 10x) but was no use, money lost. They said to me "you ever futures trade before" i said "yes for many years, get a calculator out and do the math"

2. I then open a new trade figuring ok its the bonus. Well i'm trading zcash on there on futures as it has decent volume on there. I'm nowhere near my liquidation price, not even close enough where you could go oh its the estimate, i was at 40,73 my est liq price was 40.13 not great but not terrible considering my avg price was at 42.20, 40.73 is far enough off 40.13 that i should not have been liquidated in any way. I've futures traded for many years and it might sometimes go a couple cents above the estimate but not that far off.

I would stay far away. I have to somehow now find a way to build back up what i lost as you now these guys are clearly trying to just scam people left right and center