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Both the withdrawal and APP are unavailable in Ascot Prime . Call the police as soon as possible.
After SVSFX collapsed, we were asked to transfer fund into this platform. One month later, the withdrawal became unavailable. No one replied to me anymore. The customer service all disappeared. In last December, I logged in to the agent backstage, only to find the commission is still unavailable. There is a lost connection and spread with the scam platform.
The spread of gold and crude oil is too high.Normally,it was 35~40.But it became 97 or 120 pips on WTI crude oil this week,with gold 48~50 pips.I reported it to the customer service on October 21st,while it was still the same on 25th.One can see form the screenshots.
At the beginning svs is quite good, but recently it is said to go bankrupt and let the clients transfer the funds to this platform. However, the money can not be withdrawn. This platform is not reliable and it is really rubbish, even has no regulatory
The SVS processed the deposit for me,while the withdrawal hasn’t been received for one month,no one dealing with it.
The real experience of the victim:In this June, someone added Mr.Qiu through Wechat. At first he thought it was one of my friends and passed the request. He learned through chat that this netizen is doing financial investment. Recently, she invested in Ascot Prime and earned more than 300,000 RMB a month. She said it is a good way to make money and wanted to invite Qiu to participate.At first Qiu didn't believe it and paid no attention to her. Later in a long time, this netizen kept sending posts of traveling, food, etc., in Wechat moments. She told Qiu that the reason for her traveling everywhere is the money she earned through investment, Occasionally, she would also send he some screenshots of making money. She has a tongue in her head. They became friends unconsciously then. Later, she invited Qiu to join in the investment of Xintouzaixian. He agreed and invested at the very day. She then invited he to a group, where there is an investment advisor who teaches everyone how to operate. Many people in the group said they are making money.This netizen helped Qiu to follow the instructions of the advisor. As a result, he earned a few at first. The advisor said that everyone’s funds for the operation are not up to the requirements. He wanted to help everyone earn 300,000 RMB a month, which requires at least 300,000 RMB deposit for each person. And it is expected to double in one month. Many people in the group believe in the advisor and added the fund.Seeing so many members joining,Qiu also followed.Unexpectedly,there was a forced liquidation because of teacher’s order recommendation.Qiu has made all losses within these days.The the netizen comforted him,saying that the gains and losses were common in the market.Qiu was moved and added fund to recover losses.He lost all his hard-earned money of several hundred thousand yuan again,which made him despaired.
After SVS went bankruptcy.The staff notice that the business was taken over by Ascot Prime and the fund was also transferred.The trade was normal at first.Then there were spread and system stuck with it.The withdrawal hasn’t beern received yet for 1 month.No one responds.
After 111 went bankruptcy,clients’ request for withdrawal were canceled for 2 times since September 27th.The request on October 8th was always in the status of certification.No one replied to the email.It has been 1 week.I was anxious,hoping WikiFX could help me.
General Information & Regulation
Ascot Prime, a trading name of R Capital Group Ltd, is allegedly a forex broker registered in China that claims to provide its clients with over 100 traded assets with leverage capped at 1:400 and spreads from 0.0 pips on the MetaTrader4 and MetaTrader5, web trader and mobile applications trading platforms. Here is the home page of this brokers official site:
As for regulation, Ascot Prime presents that it holds a license from the Seychelles Financial Services Authority (FSA) to act as a Securities Dealer in accordance with the Securities Act, 2007 with number SD05. However, it has been verified that the license Ascot Prime holds is suspicious clone. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.41/10. Please be aware of the risk.
Some traders shared their terrible trading experience on the Ascot Prime platform at WikiFX. They said they were unable to withdraw from this platform. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Ascot Prime advertises that it offers access to more than 100 tradable assets, including forex trading and some other unrevealed assets.
A leverage ratio of up to 1:400 is offered by Ascot Prime, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Ascot Primes website claims on its home page that the spread starts from 0.0 pips.
Trading Platform Available
Platforms available for trading at Ascot Prime are said to be the leading MetaTrader4 and MetaTrader5 (desktop, iOS and Android), web trader and mobile applications. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Ascot Prime says to take credit cards like Visa and MasterCard, Tether, bank transfers, etc. As its payment options. There is a 3% fee for credit card deposits. As for the processing time of deposit and withdrawal requests, it is immediate for credit card deposits and 1 to 3 days for bank transfer withdrawals.
Ascot Prime‘s customer support can be reached by email: email@example.com, live chat (Monday – Friday: 8 am – 6 pm) or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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