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The WikiFX Score of this broker is reduced because of too many complaints!

ASCC MARKET LTD

United Kingdom|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://asccmarket.com/

Website

Rating Index

Contact

support@asccmarket.com
https://asccmarket.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Broker Information

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Company Name

ASCC MARKET LTD

Company Abbreviation

ASCC MARKET LTD

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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ASCC MARKET LTD · Company Summary

ASCC MARKET LTD Basic Information
Registered Country/Area United Kingdom
Founded Year 1-2 years ago
Company Name ASCC MARKET LTD
Regulation Suspicious Regulatory License
Minimum Deposit €200
Maximum Leverage Up to 1:500
Spreads From 0.0 pips
Trading Platforms Properitary trading platform
Tradable Assets Forex, Stocks,Commodities, Cryptocurrencies
Account Types Basic, Standard, VIP
Demo Account No
Islamic Account No
Customer Support Email: support@asccmarket.com
Payment Methods Credit/debit cards, wire transfer, Skrill, Neteller
Educational Tools None

Overview of ASCC MARKET LTD

ASCC MARK LTD, headquartered in the United Kingdom, has emerged as a brokerage firm within the past 1-2 years. Operating under the name ASCC MARKET LTD, it is important to approach this company with a degree of caution due to the regulatory license it possesses, which raises suspicions and lacks recognition from reliable regulatory authorities.

To open an account with ASCC MARKET LTD, a minimum deposit of $200 is required. The broker offers leverage of up to 1:500, allowing traders to amplify their trading positions. The broker prides itself on starting spreads from an enticing 0.0 pips, but no evidence to support this statement.

ASCC MARKET LTD provides its clients with a proprietary trading platform tailored to their trading needs. The details of the platform are not specified, but it is designed to accommodate the trading activities of the clients. Traders have access to a diverse range of tradable assets, including forex, stocks, commodities, and cryptocurrencies, enabling them to diversify their investment portfolios.

The broker offers multiple account types, including Basic, Standard, and VIP accounts, to cater to the varying requirements of traders. Each account type may offer different features and benefits, providing traders with options that align with their trading preferences and goals.

Customer support is available through email, and traders can reach out to the designated email address, support@asccmarket.com. However, it is important to consider that the absence of other communication channels, such as phone support or live chat, may impact the responsiveness and convenience of customer support.

basic-info

Is ASCC MARKET LTD legit or a scam?

ASCC MARKET LTD operates without any regulatory oversight, as it lacks proper authorization from reputable financial authorities. Despite claiming a regulatory license number of 0554557, the NFA official website does not validate this assertion. Consequently, clients should exercise caution and be aware of the potential risks associated with trading through an unregulated broker.

regulation
regulation

Pros and Cons

Pros Cons
Leverage up to 1:500 Relatively new company, no regulation
Three types of trading accounts available Some complaints about customer support
Fees may be higher than other brokers
Less information available about track record
High minimum deposit compard to other brokers
Average range of trading instruments
No demo accounts available
No Islamic accounts available

Market Instruments

ASCC MARKET LTD provides a range of market instruments for traders to participate in. The broker primarily focuses on offering forex trading opportunities, allowing clients to trade major currency pairs, minors, and even some exotic currency pairs. Additionally, ASCC MARKET LTD extends its market coverage to other asset classes, including stocks, commodities, and cryptocurrencies. While the selection of tradable assets is not as extensive as some other brokers, it still offers a reasonable range for traders looking to diversify their portfolios.

  • Forex Pairs

  • Stocks

  • Commodities

  • Cryptocurrenccies

Account Types

ASCC MARKET LTD offers multiple account types to cater to the varying needs and preferences of traders. Let's explore the account types in more detail:

Basic Account:

Minimum Deposit: $200

  1. Leverage: Up to 1:500

  1. Spreads: From 0.0 pips

  1. Tradable Assets: Forex, Stocks, Commodities, Cryptocurrencies

The Basic Account is designed for traders who are just starting in the financial markets. It offers a relatively low minimum deposit requirement, making it accessible to a wide range of traders. With leverage of up to 1:500, traders can amplify their trading positions. The account provides access to a variety of tradable assets, including forex, stocks, commodities, and cryptocurrencies. Traders can utilize the proprietary trading platform to execute their trades. However, it's important to note that the Basic Account does not offer a demo account or Islamic account option.

Standard Account:

  1. Minimum Deposit: $500

  1. Leverage: Up to 1:500

  1. Spreads: From 0.0 pips

  1. Tradable Assets: Forex, Stocks, Commodities, Cryptocurrencies

The Standard Account is suitable for traders who have some experience in the financial markets and are looking for more advanced features. It requires a higher minimum deposit compared to the Basic Account. Traders can still enjoy leverage of up to 1:500 and access to a diverse range of tradable assets. The proprietary trading platform offers advanced charting tools and order execution capabilities. Like the Basic Account, the Standard Account does not provide a demo account or Islamic account option.

VIP Account:

  1. Minimum Deposit: $10,000

  1. Leverage: Up to 1:500

  1. Spreads: From 0.0 pips

  1. Tradable Assets: Forex, Stocks, Commodities, Cryptocurrencies

The VIP Account is tailored for high-net-worth individuals or experienced traders with substantial trading capital. It requires a significantly higher minimum deposit compared to the other account types. Traders can take advantage of the same leverage and tradable assets as the other accounts. The VIP Account may offer additional benefits such as personalized support, priority access to new features, and tailored trading conditions.

account-types

How to open an account?

Opening an account with ASCC MARKET LTD is a straightforward process. Here is a step-by-step guide on how to open an account:

  1. Visit the ASCC MARKET LTD website: Go to the official website of ASCC MARKET LTD using a web browser.

  2. Click on the “Open Account” or “Register” button: Look for the button that prompts you to open an account and click on it. This will redirect you to the account registration page.

  3. Fill out the registration form: Provide the required information in the registration form. This typically includes personal details such as your name, email address, phone number, and country of residence. Make sure to provide accurate and up-to-date information.

  4. Choose an account type: Select the account type that best suits your trading needs and preferences. ASCC MARKET LTD offers various account types, such as Basic, Standard, and VIP. Consider factors like minimum deposit, leverage, and available features when making your selection.

  5. Read and accept the terms and conditions: Carefully review the terms and conditions presented by ASCC MARKET LTD. It's essential to understand the policies, rules, and obligations associated with trading on their platform. If you agree with the terms, tick the box or click the appropriate button to accept.

  6. Submit your registration: After completing the registration form and accepting the terms and conditions, click on the “Submit” or “Open Account” button to proceed. This will initiate the account creation process.

  7. Account verification: ASCC MARKET LTD may require you to verify your identity and address before activating your trading account. They typically request documents such as a valid identification document (e.g., passport or driver's license) and a recent utility bill or bank statement. Follow the instructions provided by ASCC MARKET LTD to submit the necessary documents for verification.

  8. Fund your account: Once your account is verified and activated, you can proceed to fund your account. ASCC MARKET LTD offers various payment methods, including credit/debit cards, wire transfer, Skrill, and Neteller. Choose the preferred method and follow the instructions to deposit funds into your trading account and start trading.

Leverage

ASCC MARKET LTD provides traders with the option to leverage their trading positions, offering leverage of up to 1:500. Leverage empowers traders to amplify their exposure to the market, potentially increasing their profits. However, it is crucial to acknowledge that higher leverage also carries higher risk, as losses can be magnified. Traders should exercise prudent risk management and possess a thorough understanding of leverage before utilizing it in their trading strategies. ASCC MARKET LTD's leverage options provide traders with flexibility to tailor their positions according to their risk tolerance and trading objectives.

leverage

Spreads & Commissions (Trading Fees)

ASCC MARKET LTD implements variable spreads on its trading platform. Variable spreads mean that the difference between the bid and ask price can fluctuate, depending on market conditions and liquidity. This flexibility can result in tighter spreads during times of high market activity and potentially wider spreads during periods of lower volatility. As for commissions, the broker does not explicitly disclose any commission charges associated with its trading services. Traders should review the broker's fee structure and trading terms to gain clarity on the costs involved in their trading activities.

spread-commission

Non-Trading Fees

Aside from trading fees, ASCC MARKET LTD may impose non-trading fees that traders should be mindful of. These fees can encompass charges related to deposits, withdrawals, account maintenance, or inactivity. To ensure transparency and avoid any unexpected costs, traders are encouraged to carefully review the broker's terms and conditions or reach out to customer support for comprehensive information regarding non-trading fees.

Trading Platform

ASCC MARKET LTD provides traders with a proprietary trading platform designed to deliver a seamless and efficient trading experience. While specific details about the platform's features and functionalities are not explicitly mentioned, traders can expect a user-friendly interface equipped with essential tools and resources. These may include advanced charting capabilities, technical analysis indicators, order types, and real-time market data to aid in making informed trading decisions. Traders may consider exploring a demo or trial version of the platform to assess its suitability for their individual trading requirements.

trading-platform

Deposit & Withdrawal

ASCC MARKET LTD provides multiple deposit and withdrawal options to cater to the needs of their clients. The available methods include credit/debit cards, wire transfer, Skrill, and Neteller. While the specific details regarding associated fees and processing time are not mentioned, it is common for brokers to have varying fee structures and processing times for different payment methods. Traders are advised to review the broker's terms and conditions or contact their customer support to obtain accurate information about fees and processing times associated with deposits and withdrawals.

Customer Support

ASCC MARKET LTD offers customer support primarily through email:support@asccmarket.com. While the availability of customer support is commendable, the limited communication channel raises concerns about the responsiveness and efficiency of the support provided. The reliance on email correspondence may result in slower response times compared to brokers that offer live chat or phone support.

customer-support

User Exposure

ASCC MARKET LTD has received a significant number of negative reviews from users. Some traders have expressed difficulties in withdrawing their funds, which raises concerns about the broker's reliability and transparency. Traders should exercise caution and conduct thorough research, taking into account these user experiences before engaging with ASCC MARKET LTD. It is advisable to seek independent reviews and weigh the potential risks associated with user exposure when considering this broker as a trading partner.

user-exposure

Is ASCC MARKET LTD suitable for beginners?

ASCC MARKET LTD may not be the most suitable choice for beginners due to several factors.

Firstly, the broker lacks regulation, which can be a concern for novice traders seeking a secure and trustworthy trading environment. Regulation provides an additional layer of oversight and protection for traders.

Secondly, ASCC MARKET LTD does not offer a demo account, which is a valuable tool for beginners to practice trading strategies and familiarize themselves with the platform without risking real money. Additionally, the absence of educational tools may limit the resources available for beginners to enhance their trading knowledge and skills.

Furthermore, ASCC MARKET LTD has a relatively high minimum deposit requirement compared to some other brokers, which may pose a financial barrier for beginners with limited capital. The limited range of trading instruments, with a primary focus on forex, may also restrict the diversity of investment options for beginners looking to explore different markets.

Is ASCC MARKET LTD suitable for experienced traders?

ASCC MARKET LTD may not be the most suitable choice for experienced traders due to certain limitations and concerns. One significant aspect is the lack of regulation, which can raise doubts about the broker's credibility and adherence to industry standards. Regulation provides a level of assurance and protection for traders, particularly experienced ones who have a larger trading capital at stake.

Additionally, ASCC MARKET LTD does not offer a demo account, which can be a valuable tool for experienced traders to test new strategies, refine their skills, and evaluate the broker's platform and trading conditions without risking real funds. The absence of a demo account restricts the ability to thoroughly assess the broker's offerings and may hinder the ability to make informed decisions.

Furthermore, ASCC MARKET LTD has a relatively limited range of trading instruments, with some popular trading instruments not offered. Experienced traders often seek opportunities across multiple markets and asset classes to diversify their portfolios and take advantage of various market conditions. The restricted range of trading instruments can limit the options available to experienced traders and may not align with their specific trading preferences or strategies.

Conclusion

In conclusion, ASCC MARKET LTD is a relatively new brokerage firm operating in the financial markets. However, there are several factors that potential clients should consider before engaging with this broker. One of the major concerns is the lack of regulation, which raises questions about the level of oversight and protection afforded to traders. Additionally, ASCC MARKET LTD offers a proprietary trading platform, which may not be as widely recognized or feature-rich as popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The limited range of tradable assets may also restrict the investment opportunities for certain traders.Customer support is primarily provided through email communication, which may lead to slower response times and less immediate assistance compared to brokers offering live chat or phone support. This limited customer support channel raises concerns about the promptness and efficiency of addressing clients' inquiries and issues.

Considering these factors, traders should carefully evaluate their risk tolerance, trading preferences, and the level of support they require before considering ASCC MARKET LTD as their broker of choice. Conducting thorough research, seeking additional information, and comparing alternative options can help traders make informed decisions that align with their specific needs and goals in the financial markets.

FAQs

Q: Is ASCC MARKET LTD a regulated broker?

A: No, ASCC MARKET LTD is currently not regulated. It operates without oversight from a recognized regulatory authority.

Q: What trading platforms does ASCC MARKET LTD offer?

A: ASCC MARKET LTD provides a proprietary trading platform, developed in-house by the company.

Q: What are the tradable assets available with ASCC MARKET LTD?

A: ASCC MARKET LTD offers a range of tradable assets, including forex currency pairs, stocks, commodities, and cryptocurrencies.

Q: Does ASCC MARKET LTD offer a demo account for practice trading?

A: No, ASCC MARKET LTD does not provide a demo account for clients to practice trading strategies or familiarize themselves with the platform before investing real funds.

Q: Are there different types of trading accounts available with ASCC MARKET LTD?

A: Yes, ASCC MARKET LTD offers multiple types of trading accounts to cater to different trader preferences. These include basic, standard, and VIP accounts, each with varying features and benefits.

Q: Does ASCC MARKET LTD offer Islamic (swap-free) accounts?

A: No, ASCC MARKET LTD does not offer Islamic (swap-free) accounts, which are designed to comply with Islamic finance principles.

User Reviews

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Taunton-Smith
more than one year
My experience has been satisfactory. The proprietary trading platform is user-friendly, and the diverse range of tradable assets allows me to diversify my investment portfolio. The leverage of up to 1:500 is a significant advantage for amplifying positions. The spreads, starting from 0.0 pips, are competitive, although I would appreciate more transparency in verifying this claim.
2023-12-07 18:33
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0
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FX1343308001
more than one year
Traded stocks on this platform and I don’t know why are the charts were shown not clearly in its trading platform as with other brokers. As a new broker, their customer service is not as good as other brokers I traded with before. Honestly I don’t recommend this broker. You can go to exness, or ztf if you’d like to trade online.
2023-03-20 17:05
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0
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FX1324764392
more than one year
I have used this broker for two months, and I was bothered by its weak trading platform all the time. Robots and EA cannot be used at all, weak tools provided. I am considering finding another one recently.
2023-03-03 11:30
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