|Rating||Askobid does not participate in the Forex Rating|
|Regulation||Askobid is licensed and regulated by CySEC, ASIC and MiFID, meaning that they operate within strict guidelines with regards to documentation and account funding; this point should not be underestimated in todayï¿½s market, where many brokers operate outside the boundaries of regulatory bodies and offer little assurance to their clients.|
|Trading software||Proprietary Platform, MetaTrader4|
|Headquartered||Webgine Ltd, Spyrou Kyprianou 38, CCS Building, P.O.B 70091, Kato Polemidia , Limassol 4160, Cyprus. Fax: +357 25 333 067. Tel: +357 25 028 544|
Askobid is a promising new European broker offering Forex, Stock indices and Commodities via their proprietary platform as well as the renowned MetaTrader4.
Askobid seems to be targeting a wide range of trader types with their one-stop-shop solution; a proprietary platform suited to the needs of new to mid-level traders, and a MetaTrader4 service that will be instantly familiar to and those looking for an
Their multi-lingual website is attractive and easy to navigate, with clear explanations of the available account types, features and trading conditions on offer. Their support team was fast to respond to my Livechat request and they seemed to be very knowledgeable about the Forex market and their platforms. Support is available 24/7 via Livechat/phone/e-mail and you can actually contact them over the weekend if needs be. Askobid claims to place a high importance on educating their clients to be successful traders and to this effect they offer a decent amount of content aimed at achieving this, including multiple daily market reports, an “Academy” and webinars.
CySEC and ASIC regulation means Askobid is required to follow strict guidelines when dealing with deposits and withdrawals and although this may sometimes lead to a slower process (for deposits of $10,000+) it nevertheless means a greater level of security for anyone wishing to invest with them. For deposits of less than $10k the process is quite standard and takes up to ten minutes to fund an account. Payment methods in askobid forex include Wire Transfer, major Credit Cards and Moneybookers, via which users can use up to 30 additional “e-wallets”. From my experience their withdrawal process was relatively efficient, although be sure to send all the requested documents before you try to withdraw in order to avoid any potential processing delays.
Opening a Demo / Practice account with Askobid is straightforward and within 7-8 minutes of sign-up I was placing trades; the account is valid for 21 days, has a balance of $50k and gives an accurate impression of performance prior to investing in a Real account. Expect to receive a call from one of their support team within a couple of days. There are 3 choices when opening a Real account: Silver ($100+), Gold ($1000+) or Platinum ($10,000+), for which the spreads and features vary, as well as the level of first deposit reward, rated up to 30%.
Askobid’s proprietary platform is web-based which automatically presents the advantage of being able to login and trade from any computer/location in the world, even with a low bandwidth connection. In addition, a mobile trading application is slated for release sometime in 2010. askobid broker platform supports standard market functionality (including integrated charting tools, real time analysis feeds, Stop Loss, Entry Limit, “Take Profit”, One click order execution, No-deficit guarantee) as well as a range of unique trading modes; new traders will like the visual “Trade Station”, while more experienced speculators will appreciate the option of a more traditional orientation. One particularly useful feature is the “market sentiment” meter, giving the ability to see how other users are trading.
Order execution in askobid forex broker is fast and reliable and will satisfy all but the most impatient of scalpers, and those looking for the ability to hedge will not be disappointed. In terms of trading conditions, the offering is competitive and covers Forex, Stock Indices and Commodities, with acceptable spreads across the board (3 pips on majors). Leverage of up to 400:1 is available although the support team warned me against over leveraging my positions in order to limit my risk exposure. Not all brokers will voice their opinion in this manner, after all it is ultimately the client’s choice, however credit should be given for taking a responsible approach.
All in all, despite being a relative newcomer to an already bustling market place, Askobid appears to have put together a reliable product and service for anyone who wishes to trade multiple instruments, backed up by a high level of client support. They have designed a top notch platform and boast a variety of add-ons and tools that ultimately deliver the all inclusive “trading experience”. I can confidently recommend opening an account and wish you the best of luck with your investment.
On the broker’s profile page the rating visitors can leave askobid review as well as read askobid reviews written by other traders.
Askobid Trading Information 2021
|Headquarters||Webgine Ltd, Spyrou Kyprianou 38, CCS Building, P.O.B 70091, Kato Polemidia , Limassol 4160, Cyprus|
|Free phone||+357 25 028 544|
|24 hour support|
|24 hour trading|
|Digits after the dot in quotes|
|Minimum position size|
|Pip spread on majors||1-3|
|Standard account, $||100|
|Mini account, $||100|
|Popular payment methods||Credit Card, PayPal, Wire Transfer|
|Available assets||metals, stocks|
|Platforms||Proprietary Platform, MetaTrader4|
|Regulation||CySEC, ASIC, MiFID|
Askobid Reviews and Comments
Don’t ever touch Askobid. You will never your money back, but I am working hard to close them down and I think I have found a way.
Elisabeth Monteil 30 Mar 2021 Reply
Askobid is a big scam. I deposit 500 euros and they practicality stole my money by using Anydesk and getting control of my trades. They actually stole my money under my nose. They left me with 311,98 euros and they don’t want to give it back to me. They invoq all the lies you can imagine, delays, manipulation and everything and they actually say it is your fault because you signed in on their platform, which is true , but when you ask for withdrawal all your founds and close your account, then it’s their fault not yours anymore. Still struggling to get my money back. Don’t trust a word they. Don’t be become their client. They only want money, more and more free money to steal from you.
Andrea 12 Jan 2021 Reply
It’s a scam, be carefull, don’t invest in their platform.
Catalin 8 Jan 2021 Reply
Askobid, simply a scam. Investor a little at which time you are told your are locked within contact. The only way to retrieve you money is trade to a percentage of 100%. On a computer game that is programmed to rob you by preserving and therefore hitting the 100% bonus is then requested to be squared up. These people are obtuse untrue and therefore scum. A warning for all: Do not invest, do not follow any instructions, do not download anydesk or telegram. The tools of there elicit trade.
Duncan 26 Dec 2020 Reply
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Askobid is a big scam, don’t fall into their trap.
Tom 23 Dec 2020 Reply
Recently I fell for this scam without reading reviews online. I immediately asked for a redraw of funds and it was not easy. After back and forth E-mails and phone calls from very rude Askobid agents, I was finally reimbursed the 250$.
Nil 5 Dec 2020 Reply
so you did get the money back? I’m struggling with that and would mean a lot if you could help me get mine back.
Rene 12 Feb 2021
Did you get the money back? could you please help me I still got $270 in the platform.
Rene P. 15 Feb 2021
I don’t believe any good reviews left here are genuine. Does anyone else?
Winston Pugley 17 Oct 2020 Reply
Hey guys. How we can punish this company and all the who working there and are stealing money from us brave peolpe without being touched by any kind of law? I’m sock sick seeing u and myself loosing money to them. Somebody got an Idea how to make a huge strike against them?
Nils 14 Oct 2020 Reply
I also did not read the reviews and sent the required deposit of EUR 250. When an account manager called me and asked me to increase my deposit to 5000. to get a better profit and to recommend Askobid to my friends I realized what is going on and I did not start trading and immediately filed a withdrawal request. Since July 7 I am trying to get my deposit back, sent all the forms. I still get calls from different account managers who very aggressively want me to start trading or e-mails from Askobid banking requesting information which I sent more then once – to verify my account and withdrawal request. I am living in Austria an I reported the case to police but they told me there will be little chance to get my money back. So, stay away from Askobid.
Helmut J 17 Sep 2020 Reply
I decided to trade with this account with very little research as I was a beginner and excited. I initially deposited 250 euros and then a new manager stepped in to "guide" me and convinsed me to deposit more money into the account. Which was a horrible mistake. I spent all the money I had gathered, and had almost nothing left! Then I asked them to withdraw the money and even filled in the withdrawal request form however they said that I had a contract and that it needed to be closed first, so by closing it they started doing trades to get rid off all my equity. I was so confused and before I could even say anything. my account reached a negative equatiy which I didn’t think was possible. Now the legal team have contacted me saying that I owe the bank money as they have reached to an agreement! I have nothing left with nothing to do. I decided to get a lawyer for now to ensure if i am being scammed or if they really kicked me over. Any advice or knowledge do you have that could help?
shakar omar 13 Aug 2020 Reply
All Askobid Reviews