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

I was told, if I invested 1000 I'd get back 2000 the next night into my bank account. that never happened. they lost the whole lot, so I phoned my bank and disputed it and my bank refunded me back my money. it's a scam, beware.

Lindsey Taylor   3 August, 2020  

scam avoid! if you have money in your trading account then the banks can help you, it's your money. once it's gone, it's gone.

Paul   24 July, 2020  

I am waiting for my refunds, they are telling me, somebody will call from their office, it's been a week, It never happened till now. I suspect their activities. I will recommend these are big looters! Be careful!

guest   21 July, 2020  

Working with Askobid is waste of time and money. You will not earn any money with them. If you start working with them, they give you bonus money on your account. But they won't tell you that they are just fixtional numbers, you can not withdraw them at all!! So if you decide to withdraw from your account some amount of money, it can be only what you put in. So in the end you just waste your time with them, and lose money!

NoName   17 July, 2020  

Unfortunately I didn't read the reviews and just beginning the arduous task of getting my deposit back. Like many others, I realised at the time I was speaking to the agent but had already made the payment. I told him I did not wish to proceed, he told me I could have a refund, but that would be dealt with by the support team. Things have gone down hill since. I am referring them to the Action Fraud Team. Probably won't ever see my money again as my card issuing bank won't honour a charge back this type of investment is treated at gambling. Beware!

TF   1 July, 2020  

Be carful don't give any money as you never get it back big scam and professional. I'm feel so foolish not to discover this scam. I lost $250. Couldn't withdraw my deposit.

N&n   12 June, 2020  

Its a big scam, I invested 250 Euros and asked for withdrawal after reading the reviews. As soon as I asked for withdrawal, the company stopped responding and in the end I lodged a dispute with my bank (as I paid via credit card) and these scammers returned my funds. Hope you all get your funds back. I would also recommend to report the matter to CySEC (I reported the matter to them). They will take your money and won't reply to your emails or messages.

Raj Bahri   11 June, 2020  

Hello N&n, I have been a victim of this scam, did you managed to claim your money back or is there a way to claim the money back? I'am desperate need of help.

Y&T   23 June, 2020

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  

Hello Emma, could you please give me more information how to cancel the account. I invest 250 pounds.

Cheila Rocha   8 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  

Did you close your account? If yes, then how?

Gaby   18 July, 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  

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