ASCC Market Ltd is a forex broker that has been in operation for a few years. However, there are a number of red flags that suggest that it may be a scam.
Company Overview
ASCC Market Ltd is headquartered in the United Kingdom. However, it is not regulated by any major financial regulator, such as the Financial Conduct Authority (FCA) or the CySEC. This is a major red flag, as it means that there is no independent body to oversee the broker’s activities and protect investors.
Team
The team behind ASCC Market Ltd is anonymous. This is another red flag, as it makes it difficult to verify the broker’s credentials and track record.
Services or Products
ASCC Market Ltd offers a variety of trading services, including forex, CFDs, and cryptocurrencies. However, the terms and conditions of these services are not clearly disclosed. This makes it difficult for investors to understand the risks involved and make informed decisions.
License and Regulations
ASCC Market Ltd claims to be regulated by the International Financial Services Commission (IFSC). However, the IFSC is not a legitimate financial regulator. It is a shell organization that has been set up by scammers to give the appearance of legitimacy.
Why Dealing With An Unlicensed Broker Is Risky
There are a number of reasons why it is risky to deal with an unlicensed broker. First, there is no independent body to oversee the broker’s activities and protect investors. This means that the broker is free to engage in unethical or illegal practices, such as front-running or wash trading.
Second, unlicensed brokers are often not transparent about their fees and charges. This can make it difficult for investors to track their losses and make informed decisions.
Third, unlicensed brokers are often not responsive to customer complaints. This can make it difficult for investors to get their money back if they are scammed.
Legal Warning Against ASCC Market ltd
The Financial Conduct Authority (FCA) in the UK has warned investors about ASCC Market Ltd. The FCA has stated that ASCC Market Ltd is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about ASCC Market Ltd online. These reviews allege that the broker is a scam and that it has refused to return client funds.
One reviewer said, “I deposited $1000 with ASCC Market Ltd and I was immediately able to start trading. However, after a few weeks, I tried to withdraw my money and the broker refused. They said that I had violated the terms and conditions, but I didn’t do anything wrong. I’m now out of $1000.”
Another reviewer said, “I was contacted by a representative from ASCC Market Ltd who promised me easy profits. I was skeptical at first, but the representative was very convincing. I deposited $5000 and started trading. However, I soon realized that I was losing money. I tried to withdraw my money, but the broker refused. They said that I owed them money because of my losses. I’m now out of $5000.”
Feedback About Their Trading
The trading platform offered by ASCC Market Ltd is not user-friendly. It is also slow and unreliable. This can make it difficult for traders to execute trades and manage their risk.
Feedback About Their Customer Service
The customer service provided by ASCC Market Ltd is poor. The representatives are often rude and unhelpful. They are also not responsive to customer complaints.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by ASCC Market Ltd or any other broker, you can contact “Reviewsadvice” for help. “Reviews Advice” is a company that specializes in helping victims of investment scams get their money back.
We have a team of experienced investigators who can help you find the proper guidance recovery service recommendations. They also offer a free consultation to help you assess your case.
Final Thought
ASCC Market Ltd is a scam broker that should be avoided. If you are considering trading with this broker, we advise you to reconsider. There are many legitimate brokers out there that offer better services and more protection for your money.
Do your research and choose a broker that is regulated by a reputable financial regulator. This will help you avoid being scammed.
