AskOBid is an unregulated CFD Broker, that opened on April 1st, 2019.
The official owners of this broker are now: Solt Corp Ltd, Suite 305, Griffith Corporate Centre, Beachmont, Box 1510, Kingstown, St.Vincent and the Grenadines. Contact phone number from Australia is: +61 27 201 8699, and their email address is: support@AskOBid.fm. The official website is: https://www.askobid.fm/.
For complaints and withdrawal problems, read this.
AskOBid Broker Review
Our review of AskOBid shows, that this broker uses the WowTrader CFD Trading Platform, made by TradeSmarter. This trading software is very simple and made for new investors who haven’t used the popular MT5 platform. Mobile trading is not available, as they have not released a trading app yet.
As an offshore broker, they are offering trading leverage of 400:1, on a variety of underlying assets. You will see Contracts for Difference trading available on; Currency Pairs, Crypto Currency, Stocks, Market Indices, Gold, Silver and Oil.
Four trading account types are offered by AskOBid, with the smallest requiring a $5,000 minimum deposit. On their homepage, it says that the minimum deposit of AUD400. Deposits are made with Crypto coins via the exchange at Jubiter.
Automated trading robots are very popular, and there are hundreds of them to choose from, see here. Before using a trading robot, you should know that 99% of them are get rich quick schemes, learn more.
Is AskOBid a Regulated Broker?
No, AskOBid is not a licensed or regulated broker. New investors, should always verify a brokers license before making an investment.
The method that Scam Broker Investigator uses to check a new broker to see if they are a legit broker or a potential scam, is by verifying their license. All brokers, even those with an office in Bulgaria, must have a license from the government. This broker was previously owned by: Sigma Consulting Limited, which is located at 26 Yastrebets Street, Krasno Selo Region, Sofia 1680 Bulgaria.
In Australia, brokers are authorised and regulated by ASIC, and in England the FCA is the agency responsible to issue licenses.
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It is worthwhile playing with a Practice Account on their amazing trading platform, signup here.
Australia ASIC Warning!
“ASIC urges all investors considering investing in CFD’s or Forex, to check they are dealing with an entity that holds an Australian financial services licence.”
If you are currently an investing with the brokers at AskOBid, please share your experience in the comments below.