Asaimarket is a forex broker that claims to offer a wide range of trading services, including CFDs, forex, and cryptocurrencies. However, there are a number of red flags that suggest that Asaimarket is a scam broker.
Company Overview
Asaimarket is a relatively new broker, having been founded in 2022. The company is registered in the Seychelles, which is a well-known offshore financial center. Asaimarket does not have any licenses from any reputable regulatory bodies.
Does Asaimarket Have Any License?
No, Asaimarket does not have any license from any reputable regulatory bodies. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. This makes it more likely that the broker will engage in fraudulent or unethical practices.
Is Asaimarket Regulated By Any Authority?
No, Asaimarket is not regulated by any authority. This is another major red flag. A regulated broker is subject to regular inspections and audits, which helps to protect investors from fraud.
Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is user-friendly.
- The spreads are competitive.
Cons:
- The broker is not regulated.
- There are no customer reviews available.
- The website is poorly designed.
How Does Asaimarket Reach To Their Prey?
Asaimarket uses a variety of methods to reach its potential victims. These methods include:
- Online advertising: Asaimarket advertises on a variety of websites, including social media and search engines.
- Cold calling: Asaimarket employees will cold call potential victims and offer them free trading advice or a demo account.
- In-person seminars: Asaimarket will hold in-person seminars where they will give presentations about the benefits of trading with their broker.
Technical Details
Minimum Deposit:
The minimum deposit for Asaimarket is $250. This is relatively low compared to other forex brokers.
Trading Platform:
Asaimarket uses the MetaTrader 4 trading platform. This is a popular and well-respected platform that is used by millions of traders around the world.
Spread:
The spreads on Asaimarket are competitive. The average spread for EUR/USD is 1.0 pips.
Leverages:
Asaimarket offers high leverages up to 1:500. However, it is important to note that high leverages can magnify losses as well as profits.
Packages and Products They Offer
Asaimarket offers a variety of trading packages, including:
- Standard account: This is the most basic account and has no commission fees.
- Premium account: This account offers lower spreads and more trading features.
- VIP account: This account offers the lowest spreads and the most trading features.
Withdrawal and Deposit Method
Asaimarket offers a variety of withdrawal and deposit methods, including:
- Credit/debit cards
- Bank wire transfers
- Electronic wallets
What Do Their Previous Traders Say?
There are no customer reviews available for Asaimarket. This is a major red flag, as it suggests that the broker is not trustworthy.
Summing Up- Why Should Not You Trust Asaimarket
There are a number of reasons why you should not trust Asaimarket. These reasons include:
- The broker is not regulated.
- There are no customer reviews available.
- The website is poorly designed.
- The minimum deposit is low, which is a common tactic used by scam brokers.
- The spreads are competitive, which can be a sign that the broker is trying to attract victims with low trading costs.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with Asaimarket, you may be able to recover your funds through a chargeback or by using a recovery service. However, it is important to note that these options are not always successful.
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Final Thoughts
Asaimarket is a scam broker that should be avoided. If you are considering trading with this broker, I urge you to reconsider. There are many reputable brokers available that offer legitimate trading services.
If you have any questions or concerns about Asaimarket, please feel free to contact me. I am happy to help you in any way that I can.
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