ASF Markets Review: we recently updated our list of best forex brokers. We did research about up coming brokers and we filtered out some brokers like asfmarkets. While so many rigorous tests were conducted, we still couldn’t approve them.
ASF MARKETS REVIEW
is a forex broker
that was established in 2019 by claimed experts.
The ASF markets founders claim to have long term experience in financial institutions. Over the time, they claim to have assisted investors to make their own successfully trades.
Checking through their web pages, we saw they have a registered number and location. However we pushed further for evidence to see any wrong claim.
ASF markets is located at First Floor, First Saint Vincent Bank Limited Building, James Street, P. O. Box 1574, Kingstown. However the futher address is provided as VC0100, Saint Vincent and the Grenadines under company number 172 LLC 2019. The group is the trading name of AS Financial Services LLC. There are regions they don’t offer their services including USA.
The broker claim to provides brokerage services on forex and CFDs. However, looking at the forefront of ASF markets, they are just impeding doom.
Is ASF MARKETS SCAM?
Just like the sister globalspotfx
broker, this company is a full time scam. We thought they provide a substantial security, and were trying to open an account. However we did open an account but were disappointed with their efforts to scam traders using bitcoin investment platform.
The group offer effortless Panzi investment scheme, they are all con dealers. They are not licensed no regulated, broker like asfmarkets is not here to help you. When I tried to connect my mt4, I couldn’t see account number. I checked The customer support but it was offline. Therefore if your question is asf markets a scam? Then my answer is that ASF markets a scam.
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ASFMARKETS REVIEW ON PLATFORM
ASF markets claim to offer MetaTrader5 platform which is a lie. The is not worth choosing no trying at all. However in the process of our asf markets review, we tried to download the mt5 and connect it. But it was unfortunate that we couldn’t even know how to start. Therefore even if the mt5 doesn’t work, why not mt4 or in house platform. The simple fact is that they are cheap scammers and can’t afford an advanced trading platform.
ASF MARKETS ACCOUNT TYPES
ASF markets offer three types of account types which is standard account, executive account and VIP account. However the minimum deposit starts with $10.
- Standard account: the standard account types is regarded as beginner account. Therefore it have the minimum deposit of $10, and leverage 1:1000. More-so the commission is free while hedge is allowed with 25%.
- Executive account: Therefore checking the executive account, the minimum deposit is $100. More-so, the medging call is 100 while the leverage is 1:500.
- VIP account: therefore in the process of our review, we tried to analyze the VIP account. However the minimum deposit is $500, the commission is $6.00, more-so, leverage up to 1:200.
DEPOSITS AND WITHDRAWAL
Therefore looking at the broker, we saw withdrawal process up to one day. However the deposit and withdrawal methods is only via bitcoin. And you know that any transfer made using bitcoin is not traceable. However they placed other payment methods for fancy.
WHY MUST YOU AVOID THEM?
- They are not regulated: we realized that all the information on their platform is false .
- ASF markets is located anywhere: they provided fals information about themselves .
- They are false claiming broker: No trading platform.
- Bad payment options: Only one payment methods is offered (Bitcoin).
- Minimum deposit is high: The minimum deposit offered is $500.
ASFMARKETS REVIEW CONCLUSION
Finally we will conclude our Asfmarkets review by telling you not open an account with them. Ever avoid and desist not giving them your information. Therefore, when we checked the company they asked to verify our account with passport before we can assess their mt5. However we knew that giving them such information is a risk.