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Askyolo Tech -

Suspicious Clone

Score

1.17 /10

Danger

Askyolo Tech

Item: Askyolo Tech
Rating: 1.17

Hong Kong

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://www.askyolo.com/en/index.html

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Comparison

Quantity 12

Exposure

Time Machine

Website

Score

License Index	0.00
Business Index	4.42
Risk Management Index	0.00
Software Index	4.00
Regulatory Index	0.00

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

Time Machine

Website

Licenses

NFA Suspicious Clone

Common fin.

VPS Standard

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

Single Core

40G

open now

Contact number

English

+855 93834701

Broker Information

Company Name

Askyolo Tech Limited

Company Abbreviation

Askyolo Tech

Platform registered country and region

Hong Kong

Company website

https://www.askyolo.com/en/index.html

Company summary

Pyramid scheme complaint

Expose

Askyolo Tech · Company summary

Askyolo Tech 3177442451

General Information

Registered in the United Kingdom, Askyolo Tech is a financial service provider offering Forex, Options, and Precious Metals.

Askyolo Tech is the trading name of Askyolo Tech Limited, which is incorporated under laws of Hong Kong (registration number 3145894).

Is Nation FX safe to trade with？

It has been verified that Askyolo Techh is outside of the purview of any regulatory bodies. Thats why its regulatory status is classified as “No License” and it receives a pretty low score of 1.04/10 on the WikiFX website.

Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.

Market Instruments

Askyolo Tech advertises that it offers clients opportunity to trade with 130 forex and CFD instruments, including currency pairs, options and precious metals.

How to open an account with Askyolo Tech？

Three straightforward steps for you to open an account with Askyolo Tech:

1. Click the “Register” link on the homepage of Askyolo Tech website, then fill out the application form.

2. Submit your personal documents for this brokers verification.

3. After approval, depositing your trading account and start to trade.

Spreads & Commissions

Askyolo Tech hypes that it offers competitive spreads with no commission charged. However, it does not specify spread on particular instruments.

Trading Platform

Askyolo Tech fails to offers its the industry-leading MT4 or MT5 trading platform, and what it offers is a mobile app which can be downloaded in Google Play and App Store.

Customer Support

Traders can reach out to Askyolo Tech about any questions or concerns they may have about their accounts or their trading through the following methods:

Telephone: +855 93834701

Email: services@askyolo.com

Registered Office: Room 1517,15F Amiata Industrial Building,58 Lei Muk Road,Kwai Chung .

Restricted Regions

Askyolo Tech does not accept traders from the United States, Canada, the United Kingdom, Germany, Italy and France.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

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Warning: Low score, please stay away! 4

Previous Detection : 2023-03-20

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 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

12 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to withdraw

When you apply for withdrawal, you will be asked to pay tax.

2022-09-19 17:02

Resolved

I lost contact with the manager in charge of Japan.

I lost contact with Mr. Ishikawa, the manager in charge of Japan. Currently, the second withdrawal application is delayed. The first withdrawal was smooth. Regarding the delayed second withdrawal application, I have directly contacted Askyolo Tech's customer support email and am waiting for a reply.

2022-09-22 11:37

Unable to withdraw

Can't withdraw

I traded from the middle of July to the beginning of September, and I was instructed to withdraw my Forex earnings due to the next transaction, so I tried to withdraw. That's what I'm talking about. Just collect the tax fee, remit it, and wait for the deposit. I was told that there was a problem with my account, so I replied that I could send money if I paid 20% of the funds (investment amount and income total of $102,504.59) as a security deposit. However, since my account is functioning normally, I feel suspicious, and even if the exchange asks what kind of remittance I can't remit, please pay a 20% deposit. In the end, the company name set in mt5 or Askyolo Tech Limited has changed to FasonlaTech, and the CRM cannot be viewed. I don't care about earnings, investment money and taxes. I want it back!! ️

2022-10-15 19:39

Unable to withdraw

I could not log in to the platform without being able to withdraw, and the brokerage company information in MT5 was changed.

Regarding the issue of being unable to withdraw money from Askyolo Tech on September 28th, we have already released it and are waiting for a response, but today, October 13th, we are unable to log in to the platform. Direct email inquiries to customer service have yet to be answered. I also applied to the EPC Center, but unfortunately it reached the upper limit. However, for now MT5 trading is possible, but when I checked the brokerage company information, for some reason it is a server of another company called Fasonla Tech. Withdrawal application was handled as bank transfer on 9/16, 23211$, and on 9/27, USDT was handled as 50000$. So, I don't have any money in the bank or the crypto asset wallet. In addition to negotiating for the correct withdrawal of my funds, please investigate the truth about the securities company.

2022-10-13 06:27

Unable to withdraw

The platform didn't respond to withdrawal requests

On September 26, I applied for withdrawal of 4427$, but the exchange said that it will arrive in your account in 1 to 3 business days from the application, but as of October 3 (5 business days from the application) day) or there is still no payment, so please mediate.

2022-10-03 18:26

Unable to withdraw

Only talking about security deposit without learning

I didn't hear from you at all, so when I contacted you about the withdrawal, I was just talking about the security deposit without learning. I don't understand the reason for paying the security deposit (they say they can't deposit money because there is a problem with my account, but my account is working normally), so I ask how the exchange handles remittances. Completely ignoring this. It's just a one-sided story about the security deposit. Please contact me when you finally feel like paying the security deposit. Please do not do anything other than that. I don't care about the profit anymore, so I want you to return the money I used for the transaction. This deal messed up my life.

2022-10-22 20:04

Unable to withdraw

Require tax to withdraw

I deposited a total of 13,444.62$ into my Askyolo Tech account from 8/8 to 9/14, connected to MT5 and earned 111,544.01$ by trading on 9/28. On September 22, I applied for withdrawal of 23211$ by Japanese yen bank transfer and on September 27th withdraw 50000$ in USDT, but it is still pending on the platform. Mr. Ishikawa, the Japanese manager of Askyolo Tech, who had been out of touch for several days, contacted me and told me that I could not withdraw money unless I paid the tax in advance, but what he said was very unnatural in terms of tax law. The first withdrawal of 350$ was able to withdraw smoothly with the prescribed operation on the platform. Also, I emailed Askyolo Teck's customer support regarding this matter, but I have not received a reply. Please negotiate so that my funds can be withdrawn smoothly.

2022-09-28 22:09

Unable to withdraw

Only at the beginning, I was relieved according to the withdrawal application, but when the balance increased, it was suddenly frozen without notice.

I first deposited $1000 and started trading on MT5. $94 first profit. After that, I withdrew $500 after profiting around $240 twice. Since it was my first time withdrawing, I made a withdrawal with the intention of confirming the increase in funds if I could withdraw. Because it was my first time, I was able to pull it out easily. The money was deposited into the specified bank account. I was able to confirm that I could withdraw, so I increased the amount by $6,000. After three weeks of trading, my balance exceeded $30,000. Then I applied for withdrawal of $650. I couldn't withdraw money because my account was abnormal. It was a reason why I couldn't convince myself that it was useless because the number of transactions was small. After 3 days, it was frozen and told me to pay 3 million yen as a security deposit. I didn't think that it would be frozen in about a month from the transaction, so I'm worried about being scammed. Right now, it's frozen, so I can't trade or withdraw, and I don't have any money. Help me.

2022-09-26 21:02

User Reviews

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Comments

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IT2434

3-6months

It's completely fraudulent! The person claiming to be the manager of this exchange is now doing the same thing under the name of Tatsuo Kobayashi. Regarding this fraud group, I plan to file a criminal case tomorrow.

2022-11-13 18:24

Haidiep Investos

more than one year

I really hope this scam company can be brought to justice as soon as possible! There are so many scammers in the forex industry and they are so rampant in defrauding innocent traders of their money.

2023-02-23 11:39

News

NewsWikiFX Review: A broker that makes many investors upset

Registered in the United Kingdom, Askyolo Tech is a financial service provider offering Forex, Options, and Precious Metals. Askyolo Tech is the trading name of Askyolo Tech Limited. Recently we received a lot of complaints against this broker.