Ascotprime.com Reviews Scam

Ascotprime.com Reviews

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Ascot Prime Review - Is Ascot Prime a Scam?

Despite the name, Ascot Prime is not a legitimate trading company. It is an offshore FX broker. It claims to be the best in the market and won the award for the best newcomer in the GCC forex service sector. However, it does not offer any transparency.

This broker is based in Seychelles, an offshore jurisdiction where companies are allowed to escape high taxes. This is not a safe place to be investing your money. Traders need to be vigilant when sending their funds online. Ascot Prime does not provide security to its customers.

Ascot Prime is not a regulated firm and is not registered in the United Kingdom. The website also does not indicate the location of the broker's office. Ascot Prime is run by Ascit Trading Global Group. The company is based in Seychelles, a tax haven, but does not provide any security for its clients.

Ascot Prime offers MetaTrader4 and MetaTrader5 accounts. The leverage offered is a maximum of 1:400. This means that there is a significant risk for beginners. In addition, Ascot Prime charges a monthly inactivity fee of $25. This is a hefty charge for an account.

Ascot Prime does not provide a customer support team. It only has a phone number and an email address. This does not mean that the broker is genuine. It may be a scam. Ascot Prime does not mention the minimum deposit amount or the methods for withdrawals. This means that investors have no idea how much they will have to spend.

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