Askobid is one of the newest European forex trading brokers. It manages trades in indices, stock, currencies and commodities thanks to a personalized trading platform. The company stands out as highly reliable and is regulated by different authorities in Europe, Australia and Cyprus. It comes to the table with many features like forex education and webinars and stands out as a highly promising forex broker aimed towards experienced and novice traders.
When you open an account with Askobid you will surely enjoy the fact that the entire registration process lasts up to 10 minutes. You can immediately start working with the demo account and test the interface so that you can get used to the software. There is a limitation of 21 days associated with this demo account but you do have enough time to see exactly how the software works.
If you want to trade real money you will need to create a live account. There are three account types available and you can choose the one that best suits your needs. Novice traders are recommended to opt for the silver account, which has an associated minimum first deposit requirement of 100 dollars. An experienced forex trader will want to go with the Gold Account (a minimum deposit of 1000 dollars) or a Platinum Account (a minimum deposit of 10,000 dollars). Every new live account receives an extra 30% as a bonus. You will also need to submit address and identity proof in order to open any account with real money trading features.
Due to the strict regulations used you can expect delays in withdrawals and deposits. The good news is that the security levels are much higher than with other companies out there. If you want to deposit you can use credit cards, wire transfer and Moneybookers. It is easy to withdraw any amount up to a maximum of 10,000 dollars. If you want to withdraw more you will need to wait more time till the money reaches your personal bank account.
There are two platforms that you can use: a proprietary one and a MetaTrader 4 one. The proprietary platform from Askobid comes with a live web based interface that requires no download. You can use this one in order to sell or buy whenever on the road. You will find everything that is needed in it including news, expert suggestions, technical analysis, one click orders, no-deficit guarantees and stop limits. In the future there will also be a mobile platform.
We all know how important customer support is and Askobid realized that. There is a 24X7 phone support and you can even use email or live chat. There are even some hotline numbers opened for different countries around the world. Askobid might be one of the small players in the forex trading market but it does offer all that is needed.