Ascuex is a forex broker that was registered in Saint Lucia on May 18, 2023. It mainly provides financial trading services for forex, stocks, commodities, indices, and cryptocurrencies to investors. The broker does not provide services to jurisdictions where it would contravene local laws or regulations, including but not limited to North Korea, the United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey, and others.
Corporate Registration Information and Regulatory Status:
According to the public information on Ascuex's official website, it is registered as Ascuex Ltd with the International Business Companies and International Trust Registry (ifc) in Saint Lucia, with the registered office address at Fortgate Offshore Investment and Legal Services Ltd., Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and the company registration number is 2023-00186. Their website claims that this entity is also registered with the Saint Lucia Financial Services Regulatory Authority (FSRA).
However, upon verification, an entity named Ascuex Ltd with registration number 2023-00186 can be found at the International Business Companies and International Trust Registry (IFC). But it is not found with the Saint Lucia Financial Services Regulatory Authority (FSRA), nor with other official financial regulatory agencies in other jurisdictions.
According to information obtained from a Whois search, the official website domain of the broker was registered on January 18, 2023. Furthermore, as of January 24, 2024, the broker has been registered for less than a year.
Account Opening:
To open an account with Ascuex: visit the official website of the broker, click “Sign up” at the top right corner to enter the account registration interface, fill in the personal information as required and submit. After submission, the broker will send a verification code to the email address provided; once the code is entered, you can log into the account. You need to complete full personal information verification before you can deposit funds and engage in trading activities.
Account Types:
Ascuex offers users five different types of real trading accounts: Zero Account, Standard Account, Premium Account, Fixed Account, Crypto Account.
Zero Account:
- Minimum initial deposit amount: 0
- Spread: From 0 pips
- Maximum trading leverage: 1:1000
- Trading commission: $10 per lot
Standard Account:
- Minimum initial deposit amount: 0
- Spread: From 1 pip
- Maximum trading leverage: 1:1000
- Trading commission: 0
Premium Account:
- Minimum initial deposit amount: $5,000
- Spread: From 0.4 pips
- Maximum trading leverage: 1:1000
- Trading commission: 0
Fixed Account:
- Minimum initial deposit amount: 0
- Spread: From 1.2 pips
- Maximum trading leverage: 1:1000
- Trading commission: 0
Crypto Account:
- Minimum initial deposit amount: 0
- Spread: Native spreads
- Maximum trading leverage: 1:1000
- Trading commission: 0
Trading Platform:
Ascuex's official website claims to offer the MT5 trading platform to users, but upon checking, the MT5 platform could not find this broker. It's only accessible through its official website domain, where the domain is only capable of connecting to existing trading accounts, without the option to create new demo or real trading accounts.
Deposits and Withdrawals:
Ascuex has not published the supported deposit and withdrawal methods, their respective fees, and the minimum amounts on its official website.
Summary:
Traderknows reminds investors that Ascuex is a forex broker without effective regulation, and its deposit and withdrawal methods are unclear. Traderknows advises investors to avoid Ascuex when choosing a broker and to prefer brokers who are transparent, strongly regulated, and have a good reputation for investment trading activities, to avoid unnecessary loss of assets.
Currently, this broker is marked as 'suspected of fraud' on Traderknows.
