Askotrade is suspected to be a fraudulent broker, which is why we have created the Askotrade Review to alert those seeking a trustworthy FX broker. It is crucial to raise awareness among investors and traders regarding the legitimacy of all types of brokers, regulated forex brokers, forex trading platforms, Forex brokers, crypto brokers, and others. In this Askotrade review, we will talk about the reasons why Askotrade.net is listed among the fraudulent brokers 2024 list by Fraud Complaints and guide how victims of Askotrade can reclaim their lost funds.
Basic Details for Askotrade
Website: https://www.askotrade.net/
Website Availability: Yes
Official Address: NA
Regulation: Unregulated
Warned By: Autorité des marchés financiers (Quebec)
Domain Status
- Domain Name: ASKOTRADE.NET
- Registry Domain ID: 2743125911_DOMAIN_NET-VRSN
- Registrar WHOIS Server: whois.namesilo.com
- Registrar URL: http://www.namesilo.com
- Updated Date: 2023-12-05T12:08:13Z
- Creation Date: 2022-12-07T10:38:44Z
- Registry Expiry Date: 2024-12-07T10:38:44Z
Blacklisted by the Autorité des marchés financiers (AMF)
The fact that Askotrade is on the Quebec Autorité des marchés financiers (AMF) blacklist is among the clearest indicators of the company’s questionable character. The decision by the well-known financial markets regulator, the AMF, to put Askotrade on its “blacklist” should serve as a severe cautionary tale to prospective investors. This action raises concerns about the platform’s legality because it suggests that it might not function within the legal frameworks necessary for financial services.
Lack of Verified Physical Location
Askotrade’s lack of a confirmed physical address is another problem. Customers can see or confirm the existence of reputable financial institutions in person, which adds another level of accountability and trust. The fact that Askotrade cannot give a specific location only serves to raise questions about its reliability and transparency.
User Complaints Highlight Deceptive Practices
Many reviews on sites such as Sitejabber offer first-hand reports of people’s bad experiences with Askotrade. The use of dishonest methods to coerce investors into making deposits and the sudden withdrawal of customer service if problems occur are among the grievances received. “This isn’t the appropriate place to use,” said one user. Falsehood. They will put pressure on you to deposit in order to show you the potential benefits.” Other reviewers who have suffered huge financial losses share this sentiment.
Unresponsive Customer Service and Lost Funds
A recurring theme among user reviews is the disappearance of funds and the inability to contact the platform’s representatives. One user recounted a loss of over $100,000, claiming that after their money was taken, the platform blocked them from all communication channels. Attempts to reach out via email were met with silence, leaving customers with no recourse.
Askotrade Review – Conclusion
Based on many factors explained above we have finally concluded that Askotrade is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to Askotrade.net fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from Askotrade.
Check more about fraudulent brokers
Visit our Facebook Page
Visit Twitter
Note: The Askotrade review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring Askotrade company.