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Asco-Overview of Minimum Deposit, Spreads & Leverage

ASL

ASL | 2024-08-22 11:28

Abstract：The best thing about ASL is that it has a lot of different financial products and account types to meet the needs of all investors. The main problem is that it isn't regulated by major financial authorities, and the official website can't be reached right now, which raises the risk of dealing.

Note: ASL's official website: https://askarisecurities.com.pk is currently inaccessible normally.

ASL Information

The best thing about ASL is that it has a lot of different financial products and account types to meet the needs of all investors. The main problem is that it isn't regulated by major financial authorities, and the official website can't be reached right now, which raises the risk of dealing.

Pros and Cons

Pros	Cons
Provides a range of trading tools	Unavailable website
Several kinds of accounts accessible	Unregulated by major financial authorities
Offers client service via several outlets	Limited trading fee and spread information
Support App Version	Limited commission and leverage information

Is ASL Legit？

Registered in Pakistan, ASL does not seem to be under control by any financial authorities back home. Furthermore not under control of well-known international regulating authorities like the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA) in the United Kingdom is ASL.

The WHOIS inquiry results show that December 2, 2008 saw registration of the name “askarisecurities.com.pk”. Right now the domain is registered and in operational state. The domain is set to expire December 2, 2024. The domain's name servers are ns.nayatel.com and ns3.nayatel.com.

What Can I Trade on ASL？

ASL offers a wide range of trading products, such as mutual funds, commodities, and stocks.

Tradable Instruments	Supported
Forex	❌
Commodities	✔
Crypto	❌
CFD	❌
Indexes	❌
Stock	✔
ETF	❌

Account Type

Three different kinds of accounts are offered by Askari Securities: Standard Account, Digital Account, Roshan Digital Account.

Account Type	Suitable For	Features
Roshan Digital Account	Non-resident Pakistanis	Investment in Pakistan's stock market remotely
Digital Account	Tech-savvy traders	Online trading and digital transactions
Standard Account	Traditional investors	Personal guidance and support

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Desktop Terminal	✔	Desktop	All types of traders
Mobile App	✔	Mobile (iOS, Android)	Traders who need flexibility and mobility
Web Terminal	✔	Web Browser	Traders who prefer online trading without installing software

Customer Service

ASL offers customer service via phone, email, and social media among other outlets.

Contact Options	Details
Phone	+92 51 2894521 – 3
Email	info@askarisecurities.com.pk, service@askarisecurities.com.pk
Support Ticket System	-
Online Chat	-
Social Media	Facebook: https://www.facebook.com/AskariSecurities
Supported Language	English
Website Language	English
Physical Address	-

The Bottom Line

ASL offers many investment options and account types for investors. The absence of regulation and website inaccessibility are major concerns. ASL may be suitable for Pakistani investors but risky for those seeking safer and more regulated trading.

FAQs

Is ASL safe？

ASL is not regulated by major financial authorities.

Is ASL good for beginners？

ASL offers various account types that can cater to beginners.

Is ASL good for day trading？

ASL offers platforms like the Desktop Terminal and Mobile App which are suitable for day trading.

Is it safe to trade with ASL？

Trading with ASL may pose risks due to the lack of regulation and the current inaccessibility of its website.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.