Note: ASF Markets is to operate via the website - https://www.asfmarkets.com/, which currently does not have any sponsors for us. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
ASF Markets is allegedly a forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with flexible leverage up to 1:1000 and floating spreads around 1.7 pips on the MT5 trading platform via three different live account types.
As for regulation, it has been verified that ASF Markets currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.41/10. Please be aware of the risk.
Market Instruments
ASF Markets advertises that it is a forex broker that mainly offers forex currency pairs trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
ASF Markets claims to offer three types of trading accounts, namely Standard, Executive and VIP. The minimum initial deposit amount is extremely low-only $10 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $100 and $500 respectively.
Leverage
The specified leverage for different account types at ASF Markets varies between 1:200 and 1:1000. Leverage is adjusted based on account types. Clients on the Standard account can enjoy the maximum leverage of 1:1000, while the Executive and VIP accounts can experience leverage of 1:500 and 1:200 separately. 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.
Spreads
ASF Markets claims that the EUR/USD spread floats around 1.7 pips for users of the Standard account.
Trading Platform Available
According to the information on the website, we found that IFP seems to give traders the world's most advanced and popularly-used MT5 platform. However, we have no way to confirm if it is available because the website states that it currently does not have any sponsors for us. Anyway, MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality. This trading platform offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
ASF Markets appears to support deposits and withdrawals via Bitcoin. The minimum initial deposit requirement is said to be only $10. Withdrawals are processed within 5 days and no withdrawal fees are charged.
Customer Support
The only way you can approach ASF Markets is via email: info@asfmarkets.com or support@asfmarkets.com. Unluckily, this broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
Risk Warning
Online trading involves significant 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.
