Askotrade Review

Investors always try to gain high returns with minimal risk. In this quest, many come across scamming platforms. One such online platform that has attracted investors and traders is Askotrade.net. This Askotrade review aims to provide a comprehensive analysis of the platform, highlighting crucial aspects every potential investor should consider.

Website – https://www.askotrade.net/

Website Availability – Yes

Address – NA

Blacklisted Status – Autorité des marchés financiers (Quebec)

Domain Age –

Domain Name: ASKOTRADE.NET
Registry Domain ID: 2743125911_DOMAIN_NET-VRSN
Registrar WHOIS Server: whois.namesilo.com
Registrar URL: http://www.namesilo.com
Updated Date: 2023-12-05T12:08:13Z
Creation Date: 2022-12-07T10:38:44Z
Registry Expiry Date: 2024-12-07T10:38:44Z

Askotrade presents itself as a robust trading platform with multi-platform capabilities, emphasizing transparency and a seamless deposit/withdrawal process. However, caution is advised as it has been blacklisted by the Autorité des Marchés Financiers in France, suggesting potential regulatory concerns. Traders should thoroughly research before engaging with Askotrade, considering the absence of a physical address. Always verify credibility through reputable sources before investing or trading on platforms like Askotrade.

Askotrade: Scam or legit broker?

When analyzing a broker, the first step is to identify whether it is a fraud or a legitimate business. Askotrade Broker has received conflicting feedback from the trading community, raising concerns about its credibility. Some consumers report positive experiences, while others express significant concerns about their activities.

Transparency in their dealings, customer support availability, and withdrawal simplicity are all important considerations. Unfortunately, Askotrade Broker has been recognized for providing inconsistent customer care and delaying withdrawals, both of which are frequent red flags for scam brokers.

Is Askotrade Broker Regulated by the Major Financial Regulator?

Regulation is a primary indicator of a broker’s validity. Regulated brokers must follow tight criteria and standards established by financial authorities, providing traders with an increased level of protection. Askotrade.net Broker’s regulatory position is skeptical at best.

The regulatory authorities for Askotrade Broker do not include major financial regulators such as FCA of the United Kingdom, ASIC, or SEC of the United States. This absence of oversight by recognized agencies severely undermines the broker’s credibility and raises concerns about the safety of funds deposited with them.

User Complaints and Warning Signs

User evaluations and complaints might provide vital information about the broker’s operations. Numerous complaints concerning Askotrade Broker indicate a pattern of questionable activity. Some common difficulties mentioned by users are:

Having difficulty withdrawing cash.
Lack of transparency in charges.
Poor customer service and unresponsive help.
Unexpected account closures

These warning signals point to potential risks while interacting with Askotrade Broker. Traders have also reported aggressive marketing methods and pressure to deposit higher sums of money, which are common practices among scam brokers.

Risk Warning on Askotrade Broker

Trading with an unregulated or badly regarded broker, such as Askotrade Broker, has substantial risks. The primary risks are:

Loss of Funds: Without proper regulation, there is no guarantee that your assets will be secure. In the case of the broker’s bankruptcy, collecting your funds may be impossible.
Fraudulent Activities: Unregulated brokers can manipulate trading platforms, resulting in false losses for traders.
Data Security: Unregulated brokers may not follow strict security protocols, putting your personal and financial information at risk.

It is critical to thoroughly consider these risks before registering with a broker like Askotrade.net.