Asko Bid Review: Askobid is a forex broker that is located in the St Vincent and the Grenadines and is allegedly owned by Solt Corp Ltd. It claims to be licensed by the St Vincent and the Grenadines government. In the review below, we take an in-depth look at the features Askobid.fm allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Asko bid Forex broker.
Table of Contents
Asko Bid Trading Platform
Our first impression of this broker based on the website alone is that it seems professional. The website is well-designed and elegant.
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We Discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform. They use a web based platform to offer assets such as Forex (with leverages up to 1:500) CFDs, Indices, Stocks, and Precious metals.
Askobid Forex Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has four account types that are priced in euro. We found some few things interesting with their account types.
First of all the minimum deposit for the entry account is 5,000 Euros. This is way too high compared to the acceptable amount in the industry which is $250. Another thing we noticed was that although this broker had four different account types, the leverage remained the same.
Basic
Account Currency EUR
Min Deposit 5,000
Maximum Leverage 1:500
Professional
Account Currency EUR
Minimum Deposit 25,000
Maximum Leverage 1:500
Gold
Account Currency EUR
Minimum Deposit 75000
Maximum Leverage 1:500 (Fixed)
VIP
Account Currency EUR
Minimum Deposit Custom
Maximum Leverage 1:500 (fixed)
Askobid Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
This broker claims that it supports these following payment options:
Visa, MasterCard, Alpha Exchange, Bank Transfer.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is Asko Bid Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
Asko bid claims to be owned and operated by Solt Corp Ltd with registration number: 25624 BC 2019
St Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body
So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Accounts
Free Trial
Projects
SSL
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with askobid.fm as they don’t give any information concerning if they are a regulated broker.
Askobid.fm is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.