Askobid — Forex Broker Rating and Review 2020

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 today�s 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

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
Partnership programs
Free education
Mobile trading
24 hour trading
Digits after the dot in quotes
Minimum position size
Pip spread on majors 1-3
Spread Type
Maximum Leverage 400:1
ECN, $
Standard account, $ 100
Micro account, $ 100
Popular payment methods Credit Card, PayPal, Wire Transfer
Account currencies
Available assets metals, stocks
Languages English
Platforms Proprietary Platform, MetaTrader4
Broker type
Regulation CySEC, ASIC, MiFID

It's a big scam. I am still waiting for my refund that they promised I would receive in 3 working days. Do not fall for this. I like others wish I had read more reviews beforehand.

Emma   3 June, 2020  

Yes glad I read this before investing. Thought I'd do a little research before adding my credit card details. I added my name and address along with my mobile number. Whilst reading the awful reviews I received a call from askobid asking do I want to continue with making an investment. When I said I'd not like to invest she asked why. I explained if the reviews that I'd been reading. She tried to say there not true. I said but for that reason I feel uneasy investing any money today. She replied whatever and put the phone down. Proper rude. So I think I made the correct choice.

Robby   31 May, 2020  

Wish I had looked into this company more carefully. invested $250 then decided to cancel within hours still trying to retrieve my money a month later. I've sent all relevant documents and they a manager will contact me at time that's ok for me then an hour later and only let ring once or twice then hang up sent numerous emails but they seem to have forgotten me. I think in nothing short of theft.

W Johnson   26 May, 2020  

Absolute disgrace. Stay away from Askobid! paid my 250 euro's (paid in British pounds) and a the following day I was told I need to put it between 2500 - 10000 euros which was not stated to me before I paid the 250, Leo *** was who I spoke with today and he was extremely rude, kept talking over me and wouldn't listen to anything I said, when I tried to explain to him what the gentleman that I previously spoke to told me he said that he was an agency and I should not have listened to him and said that what would I do if someone said to jump off a bridge! he was very unprofessional and rude, when I asked him to refund me my 250 euro he started raising his voice even more and swearing at me down the phone and then cut the call off, so i done an online chat and explained what happened and there was no apology given and i was told she would need to talk to her manager who would need to approve the return! not good enough, they have stolen my money. everyone please stay clear they are scammers!

Tracy   25 May, 2020  

Hi Tracy. I fell for it too this morning. Don't feel ashamed. These type of people take advantage of people's trust and not knowing. We all have learned from this. The big lesson to take away from this is to research companies. I hope you get your money back.

shaun   30 May, 2020

Stay away from Askobid! Plain and simple, they are scammers. Deposited $340 into my account, was then told I needed to pay for a VIP account to actually begin trading. Alarm bells rung so immediately requested to withdraw my funds, it has now been 20 days and guess what no money returned! I contact them via email and live everyday and every time get told "A manager will call you today to process" and yep you guessed it no phone call. Currently going through a dispute process with my bank and will hopefully get my money back but not hopeful, to be honest I am feel more ashamed that i've allowed these scammers to get me.

Matt   23 May, 2020  

All went well until I tried to withdraw my money. Dead silence. I have been trying for 2 and a half months now to get in contact with my account manager who needs to approve the withdrawal, but have not a heard a single word. Every time I reach out to the help desk they tell me my acxount manager will contact me, to no avail.

Caro Anderson   20 May, 2020  

I paid refundable deposit and luckily changed my mind on the following day after reading reviews. I was silly to deposit without reading review. So I even haven't tryed to trade, although 3different people called me to change my mind. I filled all documents that day, support Askobid helped me with PC signature. I had to repeat the request 3 times and resend documents. At the end it took 30 days to proceed the payment, 5 phone calls, 23 emails (I really pushed). I am glad for loosing only 20$ by transfer. Do not give up!

Lucy   28 April, 2020  

They fail to tell you you can not start with 250 its 1000 you can not withdraw without permission avoid at all costs.

Joanne   27 April, 2020  

Was told to deposit 250 and do auto trading this is not the case they tell you its 250 then tell u no its a thousand I lost 250 due to no help I would stay clear of this company u less you are willing to loose.

Joanne   27 April, 2020  

Paid 250 euro and never could trade becouse they freeze my account and after several time asking me to send same document they said there is no document and ask ing me to do it again they are layers and steelling people money.

Babak   11 February, 2020  

the same thing is happening right now about these documents not verified

Sphe   7 March, 2020

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