Note: Asco's official website: https://www.ascoglobal.com is currently inaccessible normally.
Asco Information
Founded in 2008, Asco worldwide was Asco global is a Hong Kong China registered brokerage company. Through MT4 trading platform, Asco global provides forex currencies, indices, and commodities. Asco Global, on the other hand, is not governed anywhere.
Pros and Cons
Is Asco Legit？
Asco is not under control in Hong Kong, her registered country. Furthermore under no jurisdiction are several well-known regulatory bodies like the Financial Conduct Authority (FCA) in the United Kingdom or the Australian Securities and Investments Commission (ASIC).
The WHOIS query shows that “ascoglobal.com” was registered on December 24, 2023, and expires on December 24, 2024. The domain status is “clientTransferProhibited,” meaning it cannot be transferred to another registrar. December 25, 2023, was the last domain update. The domain's registrar is DropCatch.com 928 LLC, and its name servers are ns1.namebrightdns.com and ns2.namebright.com.
What Can I Trade on Asco？
Asco global offers the following trading instruments: forex, Index as well as commodities.
Account Type
Asco offers two types of live trading accounts: the Standard Account and the ECN Account.
Asco Fees
Asco global advertises that it offers low spreads for its traders, but does not specify detailed spreads on particular instrument. The margin requirement for forex trading is $250 per lot, $250 per lot for gold, $625 per lot for Silver, and $1,000 for Oil trading.
Trading Platform
Customer Service
HWG Securities offers 24/7 customer support through various channels including telephone and email.
The Bottom Line
Asco Global offers trading tools as well as the respected MT4 system. Its unbridled character, meanwhile, begs financial security questions. Although this broker's regulatory status should be taken into account, traders looking for a wide range of instruments and 24/7 customer service could find fit here.
FAQs
Is Asco safe？
Asco is not regulated by any major financial authority, raising concerns about the safety of trading with this broker.
Is Asco good for beginners？
Although Asco provides a low minimum deposit Standard Account fit for beginners, the absence of control raises major issues.
Is Asco good for day trading？
Asco is appropriate for day trading because the MT4 platform is available; but, a drawback is the lack of openness in trading conditions and regulation.
Is it safe to trade with Asco？
Trading with Asco exposes major hazards given the absence of regulatory control. Before starting an account, traders should be careful and weigh these hazards.
