Aspen Holding is an offshore Forex CFD trading brokerage firm, that opened in May 2019.
For withdrawal issues and complaints, read this.
Aspen Holding Reviews
Our review of Aspen Holding was actually very easy, because this broker is a clone of another company we already reviewed. As you can see, they give their newbie investors the trading platform made by TraderSoft. This trading software has CFD trading, Crypto Currency, and Simplified Forex trading, available on hundreds of underlying assets in the markets of Forex, Stocks, Commodities and Market Indices.
As with many Forex brokers, the difference is the level of leverage offered on the various underlying assets. Bitcoin CFD trading is available for example, at a 1:5 leverage with a $60 spread when the price was $9700. This broker does not offer the industry standard MT4 or a mobile app. You can only use their web based trading software.
WARNING!!! Aspen Holding is NOT a Licensed Broker!
First try a Licensed Forex Broker
AspenHolding offers you five different account types, but fails to mention what the required minimum deposit it. Instead they are promoting their “Welcome Bonus”, which ranges from 40% – 100%. The problem with a welcome bonus, is that you money will be locked until you fulfill the minimum trading volume requirement.
This is probably the number reason for complaints, read more.
Is Aspen Holding a Regulated Broker
Technically speaking, AspenHolding has a license in Vanuatu. The VFSC brokerage firm license is not really worth much, as it offers no protection for investors.
Smart traders always verify that the broker they are going to invest with, is licensed in their local country.
The way that the Scam Broker Investigator reviews a Forex broker to know if they are legitimate or a scam, is by checking for a local financial license. Investors in Australia always invest at an ASIC regulated broker, while investors in England only utilize an FCA regulated firm. You can find a list of all the popular Forex brokers here.
Aspen Holding is owned and operated by: Next Trade Ltd, PO BOX 1276 Port Vila, Vanuatu. The same company as Olympus Markets. Their payment provider is: Beauty Productions Ltd, 24 Antim Street, 1303, Sofia, Bulgaria. Contact phone number in United Kingdom is: +442036958830. Customer support email is: firstname.lastname@example.org, and the official website was at: aspenholding.com, and can now be found at https://aspenholding.co/.
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*76.4% of retail CFD accounts lose money
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